The property comprises a cleared site and is ready for implementation of the planning consent.

The vendor has Party Wall agreements in place with the neighbours on both sides.

EPC: Not applicable.

Location:

Gloucester is a cathedral city and important regional centre with a population of over 130,000 people.

The city has excellent road links with junctions 11, 11A and 12 of the M5 motorway approximately 5 miles to the east and south and the A40 connecting the city to Cheltenham and Oxford to the east.

Accommodation:

Total proposed Gross Internal Floor area is approx. 1,010 sq m (10,972 sq ft).

Price:

Guide price of £650,000.

For Sale Freehold with vacant possession.

Alternatively, our client is willing to receive one of the completed flats as part of a sale in return for a reduced sale price and offers can also be made on this basis.

Planning:

Planning has been granted for 17 apartments (10 x 1 Bed, 4 x 2 Bed & 3 x 1 Bed - affordable housing). Planning application reference 23/00696/OUT.

Please note: Three of the Ground floor f lats will be M4(2) adapted social housing units and on this basis there is no offsite commuted sum due.

The CIL is £50,107.92 and payable 18 months after the build out starts.

Alney Island signage is £2,000, payable once build out starts.

A monitoring fee has been agreed at £2,500 (payable once the build starts).

£10,000 paid upfront for new TRO (s106 for previous 14 unit scheme) has been transferred to the s106 for amended 17 unit scheme.

Cotswold Beechwood SAC Contribution of £11,441 plus admin fee of £200 payable once build out starts.

Rates:

Not applicable.

VAT:

We understand that VAT is not payable on the sale.

Legal costs:

Each party to bear its own legal costs incurred in the transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk