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Studio, in Festival Gardens, £115,000
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Land

Festival Gardens, Wellington TF1
Auction Land Planning
£115,000

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Our Summary

  • Investment Opportunity
  • Potential Development Site
  • This plot offers significant potential for residential development, subject to obtaining the necessary planning consents
  • Its previous use as a car park suggests level ground and good accessibility, making it an ideal candidate for redevelopment
  • Early enquiries indicate strong potential for planning permission to build residential dwellings, which would align with the surrounding neighbourhood and ongoing regeneration in the area
  • '' Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
  • This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
  • The property is being sold via a transparent online auction
  • An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction

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Description

This property is a parcel of land formerly used as a council-owned car park, now privately owned, located within a well-established residential estate. The site offers significant potential for residential development, subject to obtaining the necessary planning consents. With its previous use as a car park, the land is likely to have level ground and good accessibility, making it an ideal candidate for redevelopment.

The area is quiet and predominantly residential, with close proximity to local amenities, schools, and transport links. Early enquiries indicate strong potential for planning permission to build residential dwellings, aligning with the surrounding neighborhood and ongoing regeneration in the area. The property is being sold via a transparent online auction, with bids starting at £115,000, and is available to be viewed strictly by appointment only.