Freehold Residential Development Opportunity in Attractive Market Town
Planning permission granted for a block of 8 residential flats
Currently comprises a vacant solus industrial unit of 266.72 sq. m. (2,870 sq. ft.)
Proposed Residential Development GIA of 466.67 sq. m. (5,021 sq. ft.)
Popular Hampshire market town
Neighbouring properties have undergone several residential developments
Lot 45
Auction 2nd November 2023
Vacant Possession
Status Withdrawn Post
Price
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles east of Winchester, 18 miles north of Portsmouth, 27 miles west of Guildford
Roads
A31, A3, M3
Rail
Winchester Railway Station
Air
London Heathrow Airport
Situation
The property is located in the attractive market town of New Alresford, some 6 miles west of Winchester and 12 miles south west of Alton. The property is situated in The Dean, historically an industrial part of town which has recently undergone several residential developments and conversions.
Tenure
Freehold.
Location
Miles
6 miles east of Winchester, 18 miles north of Portsmouth, 27 miles west of Guildford
Roads
A31, A3, M3
Rail
Winchester Railway Station
Air
London Heathrow Airport
Situation
The property is located in the attractive market town of New Alresford, some 6 miles west of Winchester and 12 miles south west of Alton. The property is situated in The Dean, historically an industrial part of town which has recently undergone several residential developments and conversions.
Tenure
Freehold.
Description
The property currently comprises an industrial building providing workshop and office accommodation on the ground and first floors on a site area of approximately 0.04 Ha (0.1 Acres). The property benefits from planning permission for the demolition of the existing commercial building and the erection of a block of 8 flats.
VAT
VAT is applicable to this lot.
Planning
Planning permission was granted on 27/02/2023 under planning reference 23/00518/PNDMCD for the demolition of the existing commercial building and the erection of a block of 8 flats ( 1 x 2-bed, 7 x 1 bed) and associated parking (www.planningapps.wichester.gov.uk ).
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property currently comprises an industrial building providing workshop and office accommodation on the ground and first floors on a site area of approximately 0.04 Ha (0.1 Acres). The property benefits from planning permission for the demolition of the existing commercial building and the erection of a block of 8 flats.
VAT
VAT is applicable to this lot.
Planning
Planning permission was granted on 27/02/2023 under planning reference 23/00518/PNDMCD for the demolition of the existing commercial building and the erection of a block of 8 flats ( 1 x 2-bed, 7 x 1 bed) and associated parking (www.planningapps.wichester.gov.uk ).
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
Ground Ground First
Workshop Office Office
206.49 38.42 21.81
(2,222) (413) (234)
VACANT POSSESSION
Total
266.72
(2,869) (1)
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
