Site on Atlantic Road South, Weston-super-Mare, BS23 2DF

Lot Image

Auction sale - Monday 19th February 2018

* Guide price:

£425,000 plus

The successful purchaser will be required to pay a buyer’s administration fee of £990 (inclusive of VAT). Other additional costs/fees may apply – click here.

  • Freehold
  • Residential development opportunity
  • Planning for 23 apartments
  • Elevated location with sea views
  • Vacant possession

Details

Location

Weston-super-Mare is a popular resort town on the Bristol Channel coast, famous for its long sandy beach, pier and grand Victorian architecture, and attracting growing numbers of day visitors. It lies 18 miles to the south west of Bristol and the M4, alongside Junction 21 of the M5 with a dual carriage way link into the town centre. This has attracted considerable recent commercial and out of town retail uses as well as residential development. The town has a population of around 78,000 and has excellent rail links to Exeter, Bristol, Cardiff, Birmingham and London Paddington making the town popular with commuters. The property lies in an attractive residential area in an elevated position looking out to sea, and a short walk from the sea front.

Description

The property comprises the site of a former quarry with a long frontage to and access off Atlantic Road South, from where the site slopes away, so offering extensive views across the sea front and Bristol Channel.
The lower part of the site was subject to a residential development completed in 2006, with the remainder of the site having a planning consent for an eight storey development of 23 two and three bedroom (circa 900 sq ft) flats with communal garden and parking. There is no requirement for affordable housing.

Tenure

Freehold

Planning

The property benefits from a planning consent and Section 191 Lawful Use Certificate for a development comprising 23 two and three bedroom apartments and 23 parking spaces.
There is no requirement for affordable housing.

VAT

Refer to the legal documentation

Energy Performance Certificate

No EPC required

Contact

Seller's solicitor

Clarke Wilmott LLP

Daniel Campbell

0345 209 2551

daniel.campbell@clarkewillmott.com

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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