A Part-Vacant Mid Terrace Building Formerly Used as a Print Works. Offered With Planning Permission for Redevelopment to Provide Two Self-Contained One Bedroom Flats.

The property comprises a mid terrace building sandwiched between two existing houses. The property houses an electricity sub station which will need to be relocated prior to redevelopment works. A Charge Statement from Western Power Distribution dated 19/11/21 provides the estimated cost of these works as £141,318.80. A copy of the statement and associated plans is provided within the legal documentation.

Tenure

Freehold

Location

The property is situated on a predominantly residential road close to local shops and amenities. Numerous green open spaces are within easy reach. Transport links are provided by Worle rail station and the M5 motorway (J21).

Planning

North Somerset Council granted the following planning permission (ref: 18/P/4792/FUL) on 18th March 2019: 'Proposed subdivision of property to form 2 No. residential flats.' The buyer will be liable to pay £2,320 of Community Infrastructure Levy to North Somerset Council on commencement of development.

Tenancy

The property is subject to lease over part of the property to Western Power Distribution for a term of 999 years commencing 7th March 1978.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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