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Auctions 22 Richmond Hill, Clifton, Bristol BS8 1BA

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Auctions 22 Richmond Hill, Clifton, Bristol BS8 1BA 0117 973 4940 Auctions 22 Richmond Hill, Clifton, Bristol BS8 1BA LOT - The Telephone Exchange, Pennyquick, Newton St Loe, Bath, BA2 9BB For auction Guide Price £100,000 to £125,000 + GUIDE PRICE £100,000-£125,000. An exciting development opportunity comprising a detached stone built former telephone exchange occupying a plot of approximately 0.14 acres. Full planning has been granted to convert and extend the existing building to create three self-contained residential units for student accommodation. The property is situated in a highly convenient location for access to the centre of Bath and is ideally positioned for the Bath Spa University, Newton Park campus. LOT - The Telephone Exchange, Pennyquick, Newton St Loe, Bath, FOR SALE BY AUCTION LOCAL AUTHORITY This property is due to feature in our online auction on 4th May 2021 at 6.00pm. Bath & North East Somerset Council. Bidding is via proxy, telephone or online remote bidding. RENTAL POTENTIAL VIEWING We would anticipate a market rent in the region of £675 pcm per unit (£24,300 By appointment per annum). SUMMARY TENURE 4 MAY AUCTION - FORMER TELEPHONE EXCHANGE WITH PLANNING GRANTED The property is for sale on a freehold basis. FOR RESIDENTIAL CONVERSION BUYER'S PREMIUM DESCRIPTION Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 A parcel of land measuring approximately 0.14 acres, occupied by a detached inc VAT) buyer's premium payable upon exchange of contracts. stone built former telephone exchange with a pitched tiled roof and an additional outbuilding. Full planning consent has been granted for the *GUIDE PRICE conversion/extension of the building into residential accommodation (3 student Guide Prices are provided as an indication of each seller's minimum expectation. let units). The finished development will offer excellent rental potential and is They are not necessarily figures which a property will sell for and may change at ideally located for student rental given the proximity to the local Bath Spa any time prior to the auction. Each property will be offered subject to Reserve University campus. 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 LOCATION 10% above a single figure Guide. The property is situated on Pennyquick, adjacent to The Globe public house. Excellent transport links are provided to the centre of Bath via the A4 Bristol RESERVE PRICE Road and the Newton Park university campus is less than a mile away. 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 PLANNING confidential between the seller and the auctioneer. Both the guide price and the Full planning consent was granted for the conversion of the disused telephone reserve price can be subject to change up to and including the day of the exchange to form 3 units of student accommodation in 2011 under application auction. no. 10/01650/FUL. The plans were varied in 2015 under application number 14/05438/VAR. We understand from the vendor that works have commenced PROXY, TELEPHONE & ONLINE REMOTE BIDDING including the demolition of the rear extension and that the application is The auction will be held online via live video stream with buyers able to bid via considered to be 'live' by the Local Authority. 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. Auction, Commercial & Chartered Surveyors Estate Agents & lettings 22 Richmond Hill, Clifton 60 Northumbria Drive, Henleaze Bristol, BS8 1BA Bristol, BS9 4HW Maggs & Allen use all reasonable endeavours to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate. It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens. Any site and floor plans provided are for indicative purposes only and should not be relied upon..
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