Property description

***For Sale by Auction on Wednesday 14th December*** ***Guide Price: £285,000 - £325,000*** This development site which has planning for 3 detached houses is situated on the border of Montpelier and St Andrews, close to Ashley Hill. It has excellent access to the City Centre by public transport, both buses and trains as well as the Motorway Network via the M32. This is a popular area and there is a strong demand for interesting modern properties.

Building plot with planning for 3 detached houses

Description
The site is sandwiched between a railway line in a deep cutting and a retaining wall on the southerly side. The planning details the excavation of the site to create 3 partially sunken houses of unique design with the bedrooms on the ground floor and the living space on the first floor in order to capitalise on the views. The "cube" design and feature glazing offers a modern and contemporary alternative in what is an otherwise predominantly Victorian suburb. These houses will have a distinct ‘wow‘ factor and should offer a GDV in the region of £1,100,000 - £1,200,000.

Planning Permission
Local Authority: Bristol City CouncilApplication No: 15/06433/FDescription of Development: Erection of 3 dwellings as infill development.Decision date: 19th May 2016

Accommodation
House 1 106 sqm (1,140 sq ft)House 2 106 sqm (1,140 sq ft)House 3 92 sq m (990 sq ft)

Overage Agreement
This site is subject to an overage agreement of 50% of any uplift in value should alternative schemes be obtained which increase the site value.

Communal Infrastructural Levy
The CIL payment is calculated on the basis of a net internal floor area of 303 sqm and is £18,531.70Section 106 agreement available on request.

Viewing

For Sale by Auction
On Wednesday 14th December at 7.00pmAt Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQPlease note additional auction fees apply - please refer to the Special Conditions of Sale contained in the legal pack.

Legal Pack
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other other lots in this auction please visit the website.

Property Features :

• A unique site
• Planning for 3 detached houses
• Architectural ´cube´ style
• 2 x 3 bed houses
• 1 x 2 bed house