Colebrook Priory, 330-332a Priory Road, Shirley, Solihull, B90 1BQ

Freehold development opportunity currently comprised of three dwellings in Shirley

Guide price*

£750,000+

Plus fees

Sold prior to auction, for an undisclosed amount

Lot 119 Land/Development Residential Investment Residential Vacant
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Auction details:

Thursday 13th July 2023 @ 09:00AM

A Freehold Development Opportunity, extending to approximately 1.05 acres (0.42 hectares), Currently Comprised of Three Dwellings

Property Description

The plot is currently comprised of three separate dwellings, 330, 332 and 332a Priory Road and further outbuildings. The site has potential for development to have up to seven dwellings in addition to the Colebrook Priory House (322), subject to obtaining the necessary planning consents. A previous planning application was made and supported by the Local Authority Planning Department, however has since been withdrawn. The plot may also be suitable as its existing use, however the dwellings would need some refurbishment.

Accommodation

No. 330
Ground Floor: Hall, Two Reception Rooms, Rear Lobby, Breakfast Kitchen, Shower Room/WC.
First Floor: Landing, Three Bedrooms (one with En-Suite Shower Room/WC), Bathroom/WC.
Colebrook Priory - No. 332
Ground Floor: Hall, Three Reception Rooms, Dining Room, Kitchen, Study, Cellar, Pantry.
First Floor: Landing, Four/Five Bedrooms, Bathroom with Shower, Separate WC.
No. 332a
Ground Floor: Utility Entrance, Kitchen with Breakfast Area, Two Reception Rooms, WC.
First Floor: Landing, Three Bedrooms (one with En-Suite Bathroom/WC), Bathroom/WC.
Outside: Series of Garages, Workshop, Car Port and Stables, Large Driveway with Separate access for both No. 330 and 332, Gardens.

Energy Performance Rating

F.

Council Tax Band

D.

Tenure

Freehold - Vacant possession upon completion for No. 332 and 332a, with No. 330 is sold subject to the existing tenancy.

Site Area

We understand that the site extends to approximately 1.05 acres (0.42 hectares) or thereabouts.

Planning

We understand that a planning application was lodged with Solihull Borough Council reference number PL/2021/01801/PPOL in 2021, which was subsequently withdrawn. All interested parties should make their own enquiries with Solihull Borough Council with regards to any use they may propose.

Tenancy Details

No. 330 is let on an Assured Shorthold Tenancy, at a rental figure of £850 per calendar month - £10,200 per annum.

Plans/Aerial Photographs

Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Auctioneer's Note

At the time of going to print, the Auctioneers were unable to inspect No. 330 internally and therefore the accommodation details should not be relied upon.
Please note that the completion period for this property is 8 weeks (56 days).
Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

Strictly by appointment with the Auctioneers.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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