The Water Mill, Tunbridge Road, Chew Magna, BS40 8SP
Sold @ Auction £400,000


FOR SALE BY AUCTION

*** SOLD @ HOLLIS MORGAN FEBRUARY AUCTION ***

GUIDE £375,000 +++
SOLD @ £400,000

LOT NUMBER 28
Wednesday 21st February 2018
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00

EXTENDED COMPLETION

Completion is set for 8 weeks or earlier subject to mutual consent.

SOLICITORS

Sharon Lee
Veale Wasbrough Vizards
0117 925 2525
slee@vwv.co.uk

ONLINE LEGAL PACKS

Digital Copies of the Online legal pack can be downloaded Free of Charge.
Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.
Follow the RED link to "Download Legal Packs" For the first visit you will be required to register simply with your email and a password.
Having set up your account you can download legal packs or if they are not yet available they will automatically be sent to you when we receive them.
You will be automatically updated by email if any new information is added.
*** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.

THE PROPERTY

Tunbridge Mill is a Freehold Water Mill dating from the mid 1800's in the heart of Chew Magna Village - It its extremely rare for property of this nature in such a sought after location to become available.

We understand the Mill ceased operations in the 1950s and has been used for light industrial purposes as well as long periods spent vacant.
In 2010 planning was granted (Renewal of application 07/02583/FUL ) for Conversion, redevelopment and refurbishment of former Mill site to provide B1(a), B1(b), B1(c) and D1 use floorspace.
In the last 10 years a charity has occupied the outbuildings as offices and the Mill has been used for storage purposes.

*** THE PROPERTY IS NOT LISTED ***

LOCATION

Chew Magna is probably one of the most desirable villages in the Chew Valley with it’s quintessential English village atmosphere and a plethora of desirable properties encompassing many periods of building. The Mill lies in the centre of this picturesque village on Tunbridge Road just before the River Chew. Chew Magna has excellent facilities, a church and comprehensive and private schools as well as a variety of local shops and a pub.. Bristol Airport is within a short distance and the cathedral cities of both Bristol and Bath are very easily reached. There are high speed train services available to most parts of the country from Bristol (Temple Meads) whilst the M4 & M5 motorway network is also easily accessible.

THE OPPORTUNITY

RESIDENTIAL DEVELOPMENT

We understand informal discussions have been held with BANES and positive responses were received with regards a residential development of the site for a single or multiple dwellings using the existing footprint ( 6166 Sq Ft ) with some scope to rearrange the site layout.
We understand no formal residential planning has been sought on the site.
All residential development of the site subject to gaining the necessary consents.

COMMERCIAL USE / DEVELOPMENT

There is scope to upgrade the existing facilities under the planning granted and potential for further commercial development of the site subject to consents.

PLANNING HISTORY

Type of Application: Renewal of Permission
Status: Application Permitted
Address of Proposal: The Mill, Tunbridge Road, Chew Magna, Bristol, Bath And North East Somerset, BS40 8SP
Parish: Chew Magna
Ward: Chew Valley North
Proposal: Renewal of application 07/02583/FUL (Conversion, redevelopment and refurbishment of former Mill site to provide B1(a), B1(b), B1(c) and D1 use floorspace)
Decision: PERMIT
Decision Type: Delegated
Applicant Name: Under The Sky Ltd
Agent Name: Pro Planning
Agent Address: Stonedale, Woollard, Pensford, Bristol, BS39 4HY
Case Officer Name:

EPC

For full details of the EPC please refer to the online legal pack.

BUYER'S PREMIUM

Please be aware all purchasers are subject to a £1000 + VAT (£1,200 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.

GUIDE PRICE

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

RESERVE PRICE

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PRE AUCTION OFFERS

Some properties may be available to buy prior to the auction.
Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to – olly@hollismorgan.co.uk.
Please note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released.
In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium ( £1,200 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.

SURVEYS AND VALUATIONS

If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.

BIDDING AT THE AUCTION

This property is for sale by public auction and if you intend to bid please bring the following:

Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement). 10% deposit payment.
Buyers premium payment.
Details of your solicitor.

PAYING THE DEPOSIT & BUYERS PREMIUM

We can only accept the following at the auction:

Personal or Company Cheque
Bankers Draft
Debit Card ( NOT CREDIT CARD )

TELEPHONE AND PROXY BIDDING

If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of £1,200) are required by the Auction Department at least two full working days before the auction.

AUCTION BUYERS GUIDE VIDEO

We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please don’t hesitate to contact Auction HQ.

TESTIMONIALS

We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol charity based Off the Record! as our 2018 charity of the year with 5% of each buyers premium donated to help provide free and confidential mental health support and information to young people aged 11-25 in Bristol - www.otrbristol.org.uk In 2016 we were delighted to be involved in raising £30,000 over 3 events for the “Life for a cure” Bristol based meningitis charity - www.ryanbresnahan.org Visit the Charity page of our Website for further details - https://www.hollismorgan.co.uk/charity/


Facebook Twitter Instagram LinkedIn You Tube AllAgents