Land With Planning Permission Approved

Land situated in Highbridge, Burnham-On-Sea, with two planning applications approved, offering any potential purchaser a choice of development.

Tenure

Freehold

AUCTIONEERS NOTE

PLANNING (NO 11/10/00004): The site has the benefit of an extant permission (No 11/10/00004) for 14 apartments on the first, second and third floors with a restaurant on the Ground floor and Leisure Facility on the Lower Ground Floor

AUCTIONEERS NOTE

PLANNING (NO 11/22/0039): Resolution to grant permission for 29 x one and two bedroom luxury apartments with undercroft parking and lift to all floors (No 11/22/0039) has been obtained on 10/01/2023.

LOCATION

Canal House ( The old Cornhill), situated in the 'heart' of the expanding market town of Highbridge. The site has a unique and prominent corner position at the head of the town on the roundabout joining Market Street, the main shopping area in Highbridge, Church Street and Huntspill Road, both of which form part of the A38, the trunk road to the South West. Highbridge also benefits from its close proximity to junction 22 of the M5 only 5 minutes drive from the centre and junction 23, 5 miles away with the new Park & Ride and service/staff induction centre for Hinkley Point C. There is a main line train station, linking the town to the rest of the country only 3 minutes walk along Market St and Bristol airport is 16 miles away.

VIEWINGS

Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.

FULL DETAILS

DEMAND OUTSTRIPS SUPPLY NO new flats for 20 years - existing flats have no parking, lifts or amenity space. WHY DEMAND IS HIGH? •{tab}Giga Factory under construction (4.2 miles away), generating 3,000 new jobs in 2026. •{tab}Catchment area for Hinckley Point Power Station - Construction extended for 10 years, employing 15,000 people. •{tab}Industrial Sites - Gateway, Isleport and Walrow providing new employment opportunities. PLANNING AND SITE HISTORY •{tab}2010 Purchased as part of the land assembly for Bellway Homes •{tab}2011 (Planning Number 11/10/00004) - Planning obtained for 14 apartments with commercial on the ground floor and gym on the lower ground floor (Permission extant due to demolition). •{tab}2012 – Existing Building Demolished •{tab}2017 – Sold to developer for £250,000 with the benefit of planning •{tab}2019 (Planning number 11/17/00116) – Detailed planning permission for 29 apartments •{tab}2019 – Developer passed away •{tab}2022 – Planning expired due to the developer’s demise •{tab}2023 (Planning Number 11/22/00039) – Resolution to grant - new application for 29 1 and 2 bed apartments subject to S106 – currently on hold, awaiting sale. N.B. S106 offsite contribution of £138,000 for affordable homes (No other S106 requirements) CONSTRUCTION •{tab}Site is on two levels – Ground floor accommodation on street level, gated secure car parking occupying former basement at lower ground level (drive in, drive out - no reduced dig required) •{tab}Piling required – flats to be constructed on piles with extended reinforced concrete pile caps (most local development requires piling). Ring beams connect the pile caps, creating a rigid foundation for the ring beams to support the ground floor, which can be either a concrete slab or suspended floor.

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Local Authority

Somerset County Council

Solicitors

Southern Stewart Walker Solicitors, Ref: Claire Stanton, Tel: 0191 427 0770

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

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