Bridge House, Station Road, Lichfield, WS13 6HX

A Freehold Residential Development Opportunity in Lichfield

Guide price*

£650,000+

Plus fees

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Lot 46 Land/Development
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Auction details:

Wednesday 11th December 2019 @ 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

Addendum: Please note that the guide price has been increased to £750,000+. By way of a letter dated 14th November 2019 Lichfield District Council approved revised plans in respect of the change of use permitted the existing building under Prior Notification Ref 18/0051/PND to provide 10 number apartments. We understand that this in conjunction with planning permission Ref 18/01598/FULM for ‘Demolition of existing building (part) and erection of two side extensions and creation of a second floor to form 12 no residential units with alterations to the façade and all associated works’ means that the overall combined scheme for conversion and development now provides for 22 units in total and not 24 units as stated in the catalogue. A Copy of Lichfield District Council’s letter of the 14th November 2019 and the plans referred to therein are available for inspection in the legal pack. We were informed by the vendor that the reason for altering the drawings was to provide larger apartments of which all of them are at or much above the typical mortgage lender’s requirements for lending. Prospective purchaser’s can seek to alter the 10 unit scheme to their own preferences subject to obtaining any necessary written consent required from Local Planning Authority. Interested parties must however make their own enquiries of the Local Planning Authority and independently satisfy themselves of the property for any use or development they propose. Local agent’s valuations for the revised scheme are included in the legal pack for the ease of reference but interested parties must undertake their own due diligence and independently verify any figures they rely upon - updated 10/12/19.

A Freehold residential development opportunity comprising a former office building for which Prior Notification under Part 3 of the Town & Country Planning (GPDO) 1995, as amended, for Change of Use from Office to Residential and a planning permission for extension and creation of a second floor have been obtained to provide for the conversion/development of 24 No. Apartments in total

Property Description

The property comprises an existing two storey office building, for which we are informed prior notification for a Change of Use from Office to Residential and subsequent planning permission for extension and creation of second floor have been obtained to provide for the development of 24 No. Apartments in total.

Location

The property fronts onto Station Road in Lichfield about 0.5 miles to the south east of Lichfield City Centre and about 0.2 miles from Lichfield City Railway Station. Other business centres such as Birmingham, Stafford and Burton upon Trent are about 19, 18 & 13 miles respectively whilst the national motorway network is accessible via Junction T5 of M6 Toll Motorway which is about 2.5 miles.

Tenure

We understand that the property is Freehold. For further information in respect of tenure and other legal aspects and requirements please refer to the legal pack.

Planning

The property is situated in Lichfield and any planning enquiries should be addressed to the Local Planning Authority, Lichfield District Council.
We understand that Prior Notification under Part 3 of the Town & Country Planning (GPDO) 1995, as amended, for Change of Use from Office to 14 No. one bedroom apartments (Ref 18/0051/PND) was originally obtained from Lichfield District Council on 22nd May 2018, and that a subsequent Planning Permission (Ref 18/01598/FULM for ‘Demolition of existing building (Part) and erection of two side extensions and creation of a second floor to form 12 no. residential units with alterations to façade and all associated works was granted on 27th June 2019, subject to conditions. We are informed that the overall combined scheme for conversion and development would provide 24 No. apartments in total.
Interested parties must however make their own enquiries of the Local Planning Authority and independently satisfy themselves as to the suitability of the property for any use or development they propose.

Services

Mains services are understood to be available within the vicinity of the property, but interested parties should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.

Ground Conditions & Contamination

Prospective purchasers must undertake their own investigations with regard to ground conditions and fully satisfy themselves as to the suitability of the site for any use they may propose.

Plans

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

Rights of way, wayleaves, easements, restrictive covenants etc.

The property is sold subject to, or with the benefit of any rights of wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.

Value Added Tax

For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.

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 all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. 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 £1,680 inc VAT (£1,400.00 + 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 is available to download free of charge under the ‘lot information’.  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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