NEXT AUCTION

COUNTDOWN

Development Site, Sherring Road, Shepton Mallet, BA4 4HZ
Sold @ Auction £300,000
LOT 37


LOT NUMBER 37

ADDRESS

Land Adj To Sherring Road Shepton Mallet Somerset BA4 4HZ

FOR SALE BY LIVE ONLINE AUCTION

SOLD @ NOVEMBER LIVE ONLINE AUCTION

GUIDE £290,000 +++
SOLD @ £300,000

Lot Number 37
The Live Online Auction is on Wednesday 18th November at 18:00
Registration Deadline is Monday 16th November

The Auction will be streamed LIVE ONLINE and you can BID by telephone, proxy or via your computer with your secure and unique bidding PIN.
Registration is a simple 3 step process – download the online auction buyers guide for further details or visit the Hollis Morgan auction website.
Or simply email bid@hollismorgan.co.uk

VIEWING

The site is open for inspection at all times.

SOLICITORS

Gian Floris
Gould and Swayne
G.Floris@gouldandswayne.co.uk
tel: 01749 390082

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.
There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when no further information is due to be 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 LAND

A Freehold parcel of land comprising 0.37 Acres with road frontage onto both Whiting Close and Sherring Road located adjacent to Little Brooks Green.

LOCATION

The historic market town of Shepton Mallet is located in the Mendip district of Somerset, five miles east of Wells, England's smallest city. Both the City of Bristol and the picturesque City of Bath, a World Heritage Site, are located just 18 miles away and easily accessible. Shepton Mallet itself offers a range of local amenities and shopping facilities including a large supermarket, leisure centre, lido with fitness centre, a choice of pubs and restaurants, dentists and doctors, a Grade I Listed church and both primary and secondary state schools. There are also many highly-regarded independent schools (Prep & Senior) within easy reach, such as All Hallows Prep School, Downside School, Wells Cathedral School and Millfield School. For those travelling by train, Castle Cary station (which has direct services to London Paddington) is situated only six miles away.

THE OPPORTUNITY

PLANNING GRANTED

The land is sold with the benefit of outline planning for a stylish scheme of 7 houses with parking and 4 guest spaces.
We understand the GDV is in the region of £1.765m
We are informed NO CIL is payable on the site.

PROPOSED SCHEDULE AND GDV

PLOT 1

4 Bedroom Detached House
120 SqM
3 Parking Spaces
Garden
Resale Value £325,000

PLOT 2

4 Bedroom Detached House
120 SqM
3 Parking Spaces
Garden
Resale Value £325,000

PLOT 3

2 Bedroom Semi Detached House
63 SqM
2 Parking Spaces
Garden
Resale Value £190,000

PLOT 4

2 Bedroom Semi Detached House
63 SqM
2 Parking Spaces
Garden
Resale Value £190,000

PLOT 5

4 Bedroom Detached House
120 SqM
3 Parking Spaces
South Facing Garden
Resale Value £330,000

PLOT 6

3 Bedroom Semi Detached house
77 SqM
2 Parking Spaces
South Facing Garden
Resale Value £215,000

PLOT 7

2 Bedroom Semi Detached House
63 SqM
2 Parking Spaces
South Facing Garden
Resale Value £190,000

TOTAL GDV
£1.765m

PLANNING GRANTED

Application Number: 2018/0743/OTA
Date of Application: 12th April 2018
Application Type: Outline - All Matters Reserved
TOWN AND COUNTRY PLANNING ACT, 1990 (AS AMENDED)
TOWN AND COUNTRY PLANNING (DEVELOPMENT MANAGEMENT PROCEDURE) (ENGLAND) ORDER 2015 (AS AMENDED)
THE MENDIP DISTRICT COUNCIL, being the LOCAL PLANNING AUTHORITY for the said District, hereby GRANT OUTLINE PLANNING PERMISSION to carry out the works described in the application subject to the conditions hereunder stated.
Proposal: Outline Planning Application (with all matters reserved) for the erection of up to 7 dwellings (amended indicative layout)
Location: Land Adj To Sherring Road Shepton Mallet Somerset BA4 4HZ
Parish: Shepton Mallet Town Council
DECISION: Approval with Conditions

PLANNING INFORMATION

Full details of the proposed scheme and drawings can be downloaded with the online legal pack.

VAT

We are informed VAT will be payable in addition to the purchase price. The VAT paid will be recoverable by the purchaser provided that they are registered, or register, for VAT, and provided that they also make an option to tax in relation to the property.

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 inspected the COMPLETE LEGAL PACK once it has been released.
There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when no further information is due to be added.
In the event of an offer being accepted the property will only be removed from the auction the online auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium ( £1000 + VAT ) to Hollis Morgan.
Contracts will need to be exchanged promptly via the solicitors.

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.

TESTIMONIALS

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

WHY HOLLIS MORGAN?

Hollis Morgan hold the largest land & property auctions in the region.

Hollis Morgan sold more £££’s of Land & Property in both 2018 & 2019 than any other auctioneer in the region.
In fact, no auctioneer has sold more than Hollis Morgan since 2010 with over £289m of sales - £95m more than anyone else.
*Source EIG – Sales in BS and GL postcodes by agents based in BS or GL postcodes.

Hollis Morgan was the most successful Auctioneer in Bristol & North Somerset during 2018 – 2019 with an 87 % success rate.
*Source EIG – Sales in BS postcodes 2018 & 2019 by agents based in BS

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol Charity All Aboard Watersports as our 2020 Charity of the year with 5% of each Buyers premium being donated.
All Aboard Watersports strive to make it possible for everyone in the local community to join in a range of watersports and water related activities for people with physical, emotional or cognitive disabilities in the historic Bristol City Docks - www.allaboardwatersports.co.uk
In 2019 we were delighted to have raised well £10k for Bristol Zoo by supporting their Bear Wood Project at the Wild Place through events including the Hollis Morgan Opera Picnic and hosting their annual Gala Evening.
Visit the Hollis Morgan Charity page of our Website for further details - www.hollismorgan.co.uk/charity

AUCTION PROPERTY DETAILS DISCLAIMER

Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens. The seller does not make any representation or give any warranty in relation to the property and we have no authority to do so on behalf of the seller.

Email to a Friend View on Map View Slideshow
Share this property:


Facebook Twitter Instagram LinkedIn You Tube