For sale by Public Auction. Thursday 15th June 2023, 12 midday. The Theatre, The Royal Bath and West Showground, Shepton Mallet. Bidding in person, via livestream or by proxy. Residential development opportunity. Auction Guide Price £50,000 to £70,000*.

Description

An exciting development opportunity, which has the benefit of full planning permission for a detached three-storey building which would accommodate a ground floor apartment and residential maisonette occupying the 1st and 2nd floors. Situated within the historic town of Glastonbury and within easy access of the High Street. The plot extends to approximately 0.011 acres and is accessed from St Johns Square. We are advised commencement of the development has been acknowledged by the Local Authority, further confirmation of the same will be included within the auction legal pack. There may be an opportunity to modify the current approved scheme and this would be subject to submission and approval of a further planning application. We advise interested parties make their own investigation in this regard.

Proposed Accommodation

With reference to the plans opposite, the approved planning consent allows for the construction of detached building with internal accommodation as follows:

Ground Floor: One-bedroom apartment with open-plan kitchen/lounge and separate bathroom.

Anticipated rent – £675 pcm exc.

First and Second Floors: Two-bedroom maisonette with open-plan kitchen/lounge and separate bathroom.

Anticipated rent – £750 pcm exc.

The internal living space of the proposed apartments will provide well-proportioned accommodation. The ground floor includes an area for bin and recycling storage area.

Planning

Full planning permission was granted on 31st July 2012 (Ref No. 2012/1430) for the above scheme and approval of matters reserved by condition 3 (a) (‘schedule of materials’) 3 (b) ( ‘window and door details’) 3 (c) (‘roof lights’) and 3 (d) (‘rainwater goods’) were approved (Ref No. 2015/1592/APP) on 13th July 2015 . Copies of the consents and plans are available for viewing via Somerset Council’s online planning search.

Local Council: Somerset Council. Telephone:0300 123 2224

Council Tax Band: Not applicable

Services: Potential purchasers are advised to make their own enquires and satisfy themselves with regard to services.

Completion: Completion has been set for 13th July 2023 or earlier by arrangement.

Registering to bid and Administration fee

Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1295 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and is applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Solicitors

Ellis Jones, Wimborne

Telephone: 01202 525 333

Richard Tombs acting

Tenure: Freehold with vacant possession.

VAT: The purchase price is not subject to VAT

Internal Viewing: Strictly via Cooper and Tanner, Glastonbury office – 01458 834 288.

St John's Square, Glastonbury, Glastonbury , BA6

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