GUIDE PRICE £65,000-£75,000
An exciting opportunity to acquire a prime parcel of land in the sought-after residential area of Nailsea. Measuring approximately 1,120 m² (0.27 acres), this level site offers potential for redevelopment, subject to the necessary planning consents. With convenient access from Trendlewood Way, this well-positioned plot presents a fantastic prospect for builders, developers, and investors looking to capitalize on a promising location.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 24 April 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
The site is open for inspection at all times.
SUMMARY -
PARCEL OF LAND WITH SCOPE FOR REDEVELOPMENT (SUBJECT TO CONSENTS)
DESCRIPTION -
A level parcel of land measuring approximately 1,120 m² (0.27 acres) offering potential for redevelopment, subject to obtaining the necessary planning consents. The site is situated in a popular residential location in Nailsea with access from Trendlewood Way. An ideal opportunity for builders, developers and speculators.
LOCATION -
The site is located between the houses on Bibury Close and Trendlewood Way in Nailsea. A wide range of amenities are available in the centre of Nailsea and excellent transport links are provided to Bristol and the M5 motorway.
PLANNING HISTORY -
A full planning application for the erection of 4 new houses on the site was refused under Application No. 23/P/2349/FUL on 24 February 2025.
A scaled back scheme of 2 houses may be suitable on the site, subject to obtaining the necessary planning consents.
LOCAL AUTHORITY -
North Somerset Council.
TENURE -
The land is for sale on a freehold basis.
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
