DEVELOPMENT OPPORTUNITY - DETACHED PROPERTY ON A 0.26 ACRE PLOT WITH SCOPE FOR ADDITIONAL DWELLINGS
An exciting redevelopment opportunity comprising a spacious period five-bedroom property occupying a generous plot of approx. 0.26 acres. The existing property is in need of renovation and is currently arranged as a ground floor commercial premises (most recently trading as a carvery) with extensive living accommodation above and behind. There are large gardens to the rear and a car park to the side that offer potential for the erection of additional residential dwellings, subject to obtaining the necessary planning consents. A superb opportunity for builders and developers to create an exclusive new development in the heart of Yatton.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 19 September 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £655,000 - DEVELOPMENT OPPORTUNITY - SUBSTANTIAL DETACHED 5-BEDROOM PROPERTY FOR RENOVATION WITH ADDITIONAL PARKING AND ADDITIONAL OUTBUILDING
DESCRIPTION -
An exciting redevelopment opportunity comprising a spacious period five-bedroom property occupying a generous plot of approx. 0.26 acres. The existing property is in need of renovation and is currently arranged as a ground floor commercial premises (most recently trading as a carvery) with extensive living accommodation above and behind. There are large gardens to the rear and a car park to the side that offer potential for the erection of additional residential dwellings, subject to obtaining the necessary planning consents. A superb opportunity for builders and developers to create an exclusive new development in the heart of Yatton.
LOCATION -
Situated in the heart of Yatton, 8 High St enjoys a prime location with convenient access to various amenities. The area boasts well-regarded local schools, making it an ideal choice for families. Retail shops, cafes, and essential services are just a short walk away. For outdoor enthusiasts, the nearby Strawberry Line offers scenic walks and cycling routes through picturesque countryside. This vibrant community combines the charm of village life with the convenience of modern living.
DEVELOPMENT POTENTIAL -
The property sits on a generous plot of approx. 0.26 acres, which includes an extensive car park, rear gardens and a rear workshop/coach house style building. Subject to obtaining the necessary planning consents, there is scope for the erection of additional dwellings on the land.
LOCAL AUTHORITY -
North Somerset Council.
EXISTING PROPERTY -
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR -
Comprising a ground floor commercial kitchen, walk in freezer, living room and family kitchen.
FIRST FLOOR -
Comprising a family bathroom and 5 bedrooms.
OUTSIDE -
The property benefits from an expanse of out door space from the large rear garden to the substantial parking located to the side.
TENURE -
Understood to be freehold, please refer to the legal pack for confirmation
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: D
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.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
