Radstock Road, Midsomer Norton, Midsomer Norton, BA3

Description - A residential development site for the erection of six dwellings, garaging and parking. Work on the site has commenced and it is an excellent opportunity to acquire a “development ready” site.

Application reference 23/00182/CLEU confirmed that development approved by planning permission 19/01784/OUT has been lawfully commenced and remains extant. Outline consent was originally granted for up to nine dwellings, this was subsequently revised by reserved matters applications now providing seven dwellings. But to note, “Plot 6” is not included within the Property and has been developed and sold separately.

Plot Type Beds Sqm

Plot 1 type 1 3beds  79.87 sqm

Plot 2 type 1 3 beds 79.87 sqm

Plot 3 type 2 4 beds 119.85 sqm

Plot 4 type 3 4 beds 115.20 sqm

Plot 5 type 4 4 beds 123.53 sqm

Plot 7 type 3 4 beds 115.20 sqm

Total Proposed Floor Area: 635.09sqm

The estate road has already been created which runs centrally through the site and provides access to the neighbouring land to the south.

Site area extends approximately 0.45 acres as identified on the site plan overleaf.

CIL Liability will apply and be responsibility of the developer. Interested parties must satisfy themselves in this regard. BANES Council have advised that there is an outstanding CIL payment which will need to be settled immediately after completion. With accumulating interest this could be in the region of £182,000.

Services - Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Tenure - Freehold with vacant possession on completion.

Solicitors / Legal Pack - Solicitors Details TBC. A Legal Pack will be available prior to auction.

Local Council - B&NES Council 01225 394041

Completion - Completion has been set for 22nd October 2024 or earlier by prior arrangement.

Viewing - Interested parties can view at any reasonable time on foot with a set of the sale details and prior notice to the agents. The postcode for the nearest property is BA3 2DX.

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N.B The Vendor of Plot No. 6 (dwelling constructed on site) is unable to provide additional information and politely requests not to be disturbed.

Agents Note - The Property is being sold on behalf of the Joint LPA Fixed Charge Receivers Paul Greenhalgh and James. Information known by the selling agents is limited as result. Parties must satisfy themselves in respect of any enquiries.

In addition, interested parties must satisfy themselves in regard to foul water drainage due to the pumping station being on adjoining land which is not part of this sale.

Registering to bid and Administration Fee - Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1,350 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit - Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.