Residential development for sale

This imposing property dating back to the 1800s is well located at the southern end of the High Street with an internal area of approximately 3,400 square feet plus the basement area. The property was formally a bank and is generally to be found in good condition with high ceilings and tall windows allowing light to flood into the building, and some remedial work has been carried out by the current owner in preparation for the conversion. The ground floor retail unit will have direct access from the High Street and the seven apartments can be accessed through an alleyway on the High Street leading to the back of the building, or the existing car park to the rear of the property off Alfred Street.

Tenure:
Freehold

Accommodation:
Ground Floor:
Retail unit
Flat 1: Kitchen, W/C, living room and two bedrooms with en-suite shower rooms.
Flat 2: Kitchen, living room and one bedroom with an en-suite shower room.

First Floor:
Flat 3: Kitchen/living room, shower room and bedroom.
Flat 4: Kitchen/living room, shower room, bedroom and study.

Second Floor:
Flat 5: Kitchen/living room, shower room and bedroom.
Flat 6: Kitchen/living room, shower room, bedroom and study.

Third Floor:
Flat 7: Living room, dining room, kitchen, bedroom with en-suite bathroom, bedroom with en-suite shower room and W/C.

Exterior:
To the rear of the building, the large secure car park provides 14 parking spaces and is accessed via a new electric sliding gate system. To the side of the building is also a two-storey unit which has the possibility for change of use to a residential property, subject to further local authority consents.

Planning:
Planning Reference: NE/23/01258/PDU
Planning: Conversion of existing bank to seven flats
Decision Date: 25th March 2024
Decision: Granted

Viewings:
We will be holding open house viewings at the end of May and beginning of June. As soon as the dates and times have been set, we will let everyone know who has registered for the legal pack and they will also be published on our website.

* The auction is being held at the Delta Marriott Hotel Timbold Drive, Milton Keynes MK7 6HL on Wednesday 12th June 2024 and will start at 12:00; it is a public auction so you can just turn up on the day you do not need to pre-register.

You can also register for telephone/proxy/internet bidding online from the 3rd June 2024 by following the link below and clicking on the blue box “Register to Bid”: *

EPC Rating:
E

VAT:
VAT is not applicable

Sellers Solicitor:
Geoffrey Leaver
Ref: Kelly Steedon
251-255 Upper Third Street, Milton Keynes, Buckinghamshire, MK9 1DR
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Local Authority:
North Northamptonshire Council -[use Contact Agent Button]

Buyers Premium:
There is no Buyer's Premium payable on this lot.

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Administration Charge:
Purchasers will be required to pay an administration fee of £1,500 incl. VAT.