Our Lady Convent, Wood Street, Southam, Warwickshire, CV47 1PP
Freehold town centre residential development site with planning consent for 10 units in Southam, Warks.
Guide price*
£550,000+
Plus fees
Sold for £525,000
Lot information
Land/Development
Auction details:
Thursday 11th July 2024 @ 08:30AM
A freehold town centre residential development site with planning consent for 10 units, which may be suitable for a variety of uses or development, subject to obtaining the necessary planning consents
Property Description
The property is a former retirement rooms for an order of Nuns, occupied until approximately 2007. It comprises 2 storey brick-built structure with tiled roof, attached to the Church, together with attractive landscaped gardens. Vehicular access is available via the adjacent residential development and pedestrian access is available off Wood Street through a passageway adjacent to the Catholic Church. The total site area is 0.734 acre (0.297 hectare), and the Gross Internal built area of the consented scheme is 8,379 sq.ft.(778.4 sq.m.). There is an emergency vehicular access to the site from the adjacent surface car park which was acknowledged in a previous planning consent as being acceptable for emergency use by Stratford District Council.Location
The property is located adjacent to Our Lady and St Wolfrun Catholic Church in the heart of the Market Town of Southam, a short distance east of Market Hill, the principal trading area for Southam.It is adjacent to a Local Authority surface car park via which emergency vehicular access is available to the site. The site is approached underneath an archway beneath the Cloisters Residential Development and through a gate. Adjacent to the site is a Catholic Primary School.
Tenure
Freehold – Vacant possession upon completion.Site Area
The site extends to 0.734 acres (0.297 hectares) or thereabouts.Planning
Planning consent was granted on the 27 th July 2021 for refurbishment and extension of the existing building to form 10 residential units. These comprise five x 2 bedroom, four x 1 bedroom and one x 3 bedroom apartments ranging in sizes from 500 sq ft up to 1 078 sq ft. A previous planning consent was granted in 2009 for conversion of the building into 11 apartments . Further information is also available from Stratford Upon Avon District Council Planning Portal, planning consent reference 21 01111 /FUL. Copies of existing and proposed plans are available within the legal pack whilst alternative schemes may be considered, subject to the usual consents.Services
We have been informed that all mains services are connected to the site, but prospective purchasers should still make their own independent enquiries as to the suitability of the services for their requirements.Value Added Tax
We understand VAT is not applicable on this transaction.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.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 £2,160 inc VAT (£1,800.00 + 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.
