Our Summary

• A rare development opportunity in a central location in Bath with planning consent granted for three residential dwellings - A 3-bedroom house with 2 off-street parking parking spaces and two brand new apartments
• The site comprises an existing period office building, which would be converted into the 3-bedroom house and a building plot the side and rear that will accommodate the two new-build apartments
• A superb opportunity for builders and developers to create an exclusive development of dwellings in a prime location
• For Sale By Auction - This property is due to feature in our online auction on 14 December 2023 at 6
• Summary - PERIOD OFFICE BUILDING & LAND WITH PLANNING CONSENT TO CREATE THREE NEW RESIDENTIAL DWELLINGSDescription - A rare development opportunity in a central location in Bath with planning consent granted for three residential dwellings - A 3-bedroom house with 2 off-street parking parking spaces and two brand new apartments
• GROSS DEVELOPMENT VALUE (GDV): £1,775,000Planning - 1 Walcot Gate (Existing Office Building) - A Change of Use was granted on 10 July 2023 for the conversion of the existing office building into a 3-bedroom house with private courtyard to the front providing off-street parking under Application No
• Land To The Side & Rear Of 1 Walcot Gate - Full planning consent was granted on 25 February 2021 for the erection of two new-build apartments (1 x 1-bedroom apartment and 1 x 2-bedroom apartment) under Application No
• They are not necessarily figures which a property will sell for and may change at any time prior to the auction
• Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
• Reserve Price - The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell
• Both the guide price and the reserve price can be subject to change up to and including the day of the auction
• Proxy, Telephone & Online Remote Bidding - The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid
• The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction
• Preliminary Deposits - The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:£1,000 - £50,000: £2,000£51,000 - £150,000: £5,000£151,000 and above: £10,000If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,500 inc VAT) must be transferred to our client account within 24 hours of the auction sale
• If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you
• Auction Or Bridging Finance Required
• Contact the Auction Team today to be put through to our mortgage and loan experts on or email Letting - What Can Maggs & Allen Achieve For You