Residential development for sale

For sale by public auction. Wednesday 15th May 2024, 12pm. The Theatre, The Royal Bath and West Showground, Shepton Mallet. Auction guide price £240,000 to £260,000* A fantastic residential development opportunity located close to the town centre and with consent to provide two, three storey townhouses.

Description

12 and 13 Silver Street is a charming Grade II listed building that offers a super residential development opportunity close to the town centre. Having been used as a Veterinary surgery with two flats over for many years until the practice closed, it now benefits from consent for conversion into a pair of residential properties.

Planning consent was granted on the 15th November 2022 (Planning reference: PL/2022/05226) along with Listed Building Consent (Planning reference PL/2022/05601) to “allow for change of use to residential and the alteration to Listed building to facilitate formation of two dwellings”. Copies of plans and consent are available to download from the Wiltshire council website.

The building currently comprises the former veterinary practice on the ground floor which is divided into reception area, treatment rooms, office space and storage. The upper floors provide two flats, each offering one bedroom.

The proposed accommodation will comprise; Number 13 offers a kitchen/dining room, sitting room and snug on the ground floor. Two bedrooms and a bathroom on the first floor and a further bedroom, shower room and study on the second floor.

Number 12 is slightly smaller and will comprise a kitchen and sitting/ dining room on the ground floor, one bedroom and a shower room on the first floor and bedroom with a shower room on the second floor.

Outside

To the rear of the property is a parking and turning area with space for each dwelling to have two allocated spaces and an additional visitor’s space. Number 12 will have a roof terrace style area with stairs from the car park and a door from the first floor. Number 13 will have a small courtyard garden.

Agents note

The neighbouring property, 11a, will be granted a vehicular right of way and space to park to the rear of their property.

Local Council

Wiltshire Council

Council Tax band

Both flats are Council Tax band A

Business Rates

The property would currently benefit from Empty Property Relief as it is Grade II Listed. The most recent Rateable Value was £4500, as at April 2023. Interested parties are to rely on their own enquiries.

Tenure

Freehold and vacant possession.

Services

Mains water, gas, drainage and electricity are connected property. However, potential purchasers must rely on their own enquiries regarding the location of services and connections into them.

VAT

The purchase price is not subject to VAT

Viewing

By appointment through Cooper and Tanner on[use Contact Agent Button]

Solicitors: McCloy Legal, Bradford on Avon

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Completion

Completion has been set for Wednesday 12th June 2024 or earlier by arrangement.

Registering to bid and Administration fee

Cooper and Tanner require all bidders who wish to bid at our Auction to register beforehand. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1350 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. 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.