The Former Duke of York, 27-28 Victoria Street, Burton-on-Trent, DE14 2LP
Former public house with planning permission for residential development in Burton on Trent
Guide price*
£223,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Vacant
Land/Development
Auction details:
Thursday 9th September 2021 @ 09:00AM
A Freehold residential development opportunity with planning permission for the development of 9 apartments.
Property Description
A prominent public house with land to the rear, now benefitting from planning permission for the conversion and development of nine self-contained apartments. Six of the apartments will be by way of conversion of the existing property with a first floor rear extention and a further three new build apartments within a detached building in the grounds to the rear. An alternative consented scheme permits for retention of part of the former public house as a micro bar and development of the remainder to 8 self-contained apartments. Copies of all relevant plans are available for inspection in the legal pack. The public house may also be suitable for conversion to other commercial uses, such as retail, takeaway, shisha bar, pharmacy etc., subject to obtaining any necessary planning consents.Location
The subject property lies at the corner junction of Victoria Street and Edward Street around 0.75 miles to the North West of Burton Town Centre.There are various nearby uses including a garage opposite, school and churches nearby but the main immediate vicinity is made up of traditional residential terraced streets.
Tenure
Freehold – Vacant possession upon completion.Planning
The property benefits from planning permission for the conversion and new build of 9 self-contained apartments under the following application numbers:-P/2020/00229 - Change of use of existing public house and existing residential accommodation to form a mixed-use development comprising Micro Ale Bar (Class A4 Drinking Establishment) with first floor extension to provide 5 apartments and erection of detached building to provide bin and cycle store.
P/2020/00875 – Erection of a detached building for the development of 3 x 1 bedroom apartments and detached cycle/bin store.
P/2020/01513 - Change of use of microbar to form a 1-bedroom apartment.
Value Added Tax
Vat is applicable on a proportion of the purchase price. See legal pack for details.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 £2,340 inc VAT (£1,950.00 + 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.
