Town & Country Property Auctions are delighted to offer For Sale by Public Auction this an excellent opportunity to acquire a fully consented freehold development site benefiting from full planning permission for four self-contained apartments.
Town & Country Property Auctions are delighted to offer For Sale by Public Auction this an excellent opportunity to acquire a fully consented freehold development site benefiting from full planning permission for four self-contained apartments.
The site occupies a prominent position on Cromwell Road, towards the northern edge of Southbourne, and lies in close proximity to the popular residential area of Pokesdown. Cromwell Road is located to the south of the railway line and Stourvale Road, with Seabourne Road to the west and Southbourne Road to the east. The site is positioned directly opposite the junction with Ashbourne Road, providing strong visibility and accessibility.
The property currently comprises a two-storey, brick-built commercial warehouse together with a side access road that serves two recently developed flatted schemes to the rear, highlighting the established precedent for residential development in the immediate vicinity.
Historically, the building was used for storage, light industrial repairs and ancillary office purposes, falling within Use Classes B8 and B1 (now Class E(g)), although the premises are now vacant and ready for redevelopment.
The site consists of two distinct elements:
A two-storey, pitched-roof building fronting Cromwell Road, constructed in red brick and render with black timber detailing, incorporating a front entrance door and metal roller shutter (accessing a garage area); and
A later two-storey, flat-roofed extension to the rear. Comprising two levels with excellent ceiling height.
The current planning approval shows four apartments:
Unit 1 = 1 Bed (1 person) 38.6 SQM
Unit 2 = 1 Bed (1 person) 46.2 SQM
Unit 3 = 2 Bed (3 person) 66.8 SQM
Unit 4 = 2 Bed (3 person) 61.1 SQM
Total space (including cycle store) = 259.4 SQM
Existing Space = 289.4 SQM
With its strategic location, existing planning consent and surrounding residential context, the site represents a compelling opportunity for developers and investors seeking a well-located scheme with immediate development potential.
The property will be entered into our 14th January auction which is held online and starts at 10am. You must register to bid and download the legal pack.
VIEWING ARRANGEMENTS
The property is available for viewing immediately, please call us on 01202 143399. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.
Freehold
* Buyers Premium Applies
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Development Opportunity
Full Planning Consents
Very Popular Residential Area Close To Southbourne
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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