Former Magistrates Court, Northgate, Bridgwater, TA6 3EU
Sold, £535,000


Key Features

  • DEVELOPMENT OPPORTUNITY
  • PLANNING GRANTED
  • 10 STYLISH APARTMENTS
  • GDV £1.95M
  • EXTRA OFFICE SUITE

THE PROPERTY

A imposing period property most recently used as a magistrates court arranged over two floors with GIA of approx. 14,000 Sq Ft accessed via shared driveway leading to the rear of the level site of approx. 0.64 Acres

BIRDS EYE VIEW - TOUR

Please follow / paste this link for a brief video tour.

https://youtu.be/pnMMvynJSms

LOCATION

The property is situated in a central location in Bridgwater and benefits from a prominent roadside frontage. The immediate area is undergoing significant redevelopment which includes a recently completed McCarthy & Stone development of retirement apartments, a new primary school, leisure centre, hotel and amenity green space. Plans for this major application can be viewed online under application number 08/16/00063.
This development will also be ideally located for the new nuclear power station at Hinkley Point, which will employ 900 people once completed.

THE OPPORTUNITY

Planning has been granted to convert the property into mixed use scheme of flats and office space with a GDV of £1.95m
There may also be potential to carry out a higher density conversion, subject to obtaining the necessary planning and listed building consents.

PROPOSED DEVELOPMENT SCHEDULE

Flat 1: 1 Bedroom Flat (104.5 sq m)
Flat 2: 2 Bedroom Flat (134.7 sq m)
Flat 3: 1 Bedroom Flat (97.8 sq m)
Flat 4: 2 Bedroom Flat (128.1 sq m)
Flat 5: 1 Bedroom Flat (71.6 sq m)
Flat 6: 1 Bedroom Flat (67.5 sq m)
Flat 7: 1 Bedroom Flat (71.9 sq m)
Flat 8: 1 Bedroom Flat (98.3 sq m)
Flat 9: 1 Bedroom Flat (69.6 sq m)
Flat 10: 2 Bedroom Flat (93.8 sq m)
Former Courtroom: (123.2 sq m)
Parking & Cycle Storage
Car Parking: 14 spaces
Cycles: 24 spaces
Motorbikes: 2 spaces

PROPOSED GDV

Flat 1: £200,000
Flat 2: £210,000
Flat 3: £180,000
Flat 4: £210,000
Flat 5: £165,000
Flat 6: £165,000
Flat 7: £165,000
Flat 8: £180,000
Flat 9: £165,000
Flat 10: £185,000
Office: £150,000

GDV: £1,975,000


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