Brief Description
A development opportunity within the conservation area, with planning consent for the redevelopment of existing garages into a 2 dwellings comprising a ground floor one bed flat and a two bed maisonette. Of interest to developers and builders on a Joint Venture basis.
Full Description
PLANNING
The garages are located within the Conservation Area and have been the subject of a number of planning applications over the past 4 years. Consent was originally granted for a single dwelling and more recently for two dwellings in a 2.5 storey building.
PLANNING CONDITIONS
A planning appeal was determined on the 16 June 2009 (planning reference no APP/Q3305/A/08/2085127) and states;
1) The development shall begin construction before the expiration of 3 years since planning was granted.
2) No work shall commence until local authority has approved
a) Materials
b) Half scale drawings of external doors and windows
c) rooflights and
d) rainwater goods
A copy of the planning consent is available for inspection at our Wells office by prior appointment
MAINS SERVICES
Client advises that these are understood to be available locally but buyers should make own investigations
HIGHWAYS
The client advises that the public highway runs right up to the boundary of the property but buyers should make own investigations.
TENURE
999 year lease with vacant possession at an annual ground rent of £1.
JOINT VENTURE
Our clients are prepared to enter into a joint venture with a developer to the extent that the site is developed and, in lieu of an up front payment for the land, the builder will transfer back to the current owner the one of the units at the same time as the title on the balance of the site is transferred to the buyer on a 999 year ground lease.
A balancing payment in one direction or another may apply.
The vendor will retain a first charge over the site until practical completion.
CONDITIONS OF SALE
In the event of a Sale - our client would be seeking unconditional proposals for the purchase of the site with the benefit of the existing consents. Bidders should put their proposals in writing confirming their ability to proceed and source of finance. The succesful purchaser will be expected to exchange contracts with not more than 28 days of receipt of the draft contract documentation.
ENERGY PERFORMANCE
This property has a net internal area of less than 50m2 and therefore does not require an energy performance certificate
VAT
Any reference to price, premium or rent is deemed to be exclusive of VAT unless expressly stated otherwise. Any offers receive will be assumed to be net of VAT unless stated otherwise.
VIEWING ARRANGEMENTS
By appointment with the Sole Agents Tel 01749 676023 or paul@paul-knight.co.uk
Please note that nothing in these particulars constitute part or all of any contract, and no contract will exist, or be deemed to exist until formal documentation in writing has been completed by both parties and approved by our clients solicitor.
Prospective tenants/buyers must satisfy themselves as to the accuracy of any details given to them either verbally, or within this, or any other document provided; and neither the Owners, nor their Agents, shall be liable for any inaccuracies.
Viewing
Please contact our
PJK Chartered Surveyors Office on 01749 676023
if you wish to arrange a viewing appointment for this property or require further information.
Disclaimer
PJK Chartered Surveyors endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are
intended only as a guide and purchasers must satisfy themselves by personal inspection.