Land Adjacent to Former Drawing Office, Long Street, Dursley, GL11 4GH

FOR SALE BY AUCTION

*** SOLD PRIOR TO AUCTION ***

GUIDE £1,000 +++
SOLD PRIOR @ £10,000

LOT NUMBER 36
Wednesday 11th April 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

THE PROPERTY

A parcel of land fronting Long Street that was originally part of the adjacent flat development next door.

LOCATION

Long Street is located in the bustling countryside market town of Dursley in Gloucestershire. Local amenities and service all are all within walking distance including convenience stores, cafes, pubs, bars and restaurants. Bristol City Centre is approximately twenty miles away.

THE OPPORTUNITY

DEVELOPMENT POTENTIAL

We understand there is scope to develop 6 - 8 flats or 3 Town houses subject to the necessary consents - Potential for 5000 sq ft GIA
Images refer to proposed scheme and no planning is in place.

Buyers must note that the guide price reflects the Section 106 from a previous planning consent for the area which allows the local authority to adopt the site for highways at any time.
Buyers must make their own investigations on the likelihood of this being enforced but their attention is drawn to the email from Stroud District Council in the online legal pack, which suggests that the works to construct the roadway at the LOT are programmed to commence in the next 8-10 weeks.
Buyers should refer to the online legal pack and the SPECIAL CONDITIONS for further information.

SPECIAL CONDITIONS

The BUYER’s attention is drawn to the Section 106 agreement disclosed, dated 3 March 2005 and made between (1) Crest Nicholson (South West) Limited, (2) NHBC and (3) Gloucestershire County Council (“SECTION 106”). The LOT is sold subject to the SECTION 106 and, in the TRANSFER, the BUYER must covenant with the SELLER to comply with the SECTION 106 and keep the SELLER indemnified against all proceedings, costs, claims and expenses arising from any failure to do so. Inter alia, the SECTION 106 permits the construction and adoption of a roadway at the LOT and prohibits anything which would increase the cost of those works. In practise, such works (if carried out) are likely to prevent the future use and development of the LOT. The BUYER must rely on its own investigations as to the likelihood of the SECTION 106 being enforced, but the BUYER’s attention is drawn to the email from Stroud District Council in the online legal pack (20 March 2018 timed at 14:53 from Nick Stewart, Principal Estates Surveyor at Stroud District Council, to the AUCTIONEER) which suggests that the works to construct the roadway at the LOT are programmed to commence in the next 8-10 weeks. The BUYER should read the SECTION 106 in full and take legal advice on its terms, and form its own view on the liklihood of enforcement, before bidding. This condition is a brief summary of the SELLER’s interpretation of some of the terms of the SECTION 106. It is not a complete summary of all of its terms and the SELLER gives no warranty as to its accuracy.

EPC

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