>
Canal House, 1 Market Street... Residential development for sale
Canal House, 1 Market Street, Highbridge, Somerset TA9 3BW
£199,950
Canal House, 1 Market Street, Highbridge, Somerset TA9 3BW
£199,950
Our Summary
- For Sale via Livestream Unconditional Auction on 9/09/25 at 14:00pm
- Land with approved Planning Permission
- Land With Planning Permission Approved
- Offering to auction is this land situated in Highbridge, Burnham-On-Sea
- There are two planning applications approved offering any potential purchaser a choice of development
- VIEWINGS Regular block viewing sessions will be provided in the lead up to the auction
- Please telephone Auction House South West on[use Contact Agent Button] to request a viewing
- •{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
- 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)
- 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
- Online Unconditional Livestream Auction on 9th September 2025 at 14:00pm
Description
This land in Highbridge, Burnham-On-Sea, is being sold via unconditional auction on September 9th, 2025, with a guide price of £199,950 plus fees. The land has approved planning permission for two separate developments: 14 apartments with a restaurant and leisure facility, and 29 luxury apartments with undercroft parking and a lift. The site is located in the heart of Highbridge, with a prominent corner position and close proximity to the M5 motorway, train station, and Bristol airport. The area is expected to see significant growth due to the construction of a giga factory, Hinckley Point Power Station, and industrial sites. The property has a rich history, with planning permission dating back to 2010, and has been re-submitted in 2023. The sale includes a legal pack and administration fee of £1,200 inc VAT, payable on exchange of contracts. Viewings are available by appointment.