FULL DESCRIPTION Attention investors. A chance to acquire this freehold development opportunity to build 4 HMO units on the site of an existing single storey building (to be demolished) to create 24 individual rooms in total with shared communal areas or to build a block of 8 flats. Full planning permission was previously granted in November 2017 under planning application number : 08/17/00212 for the erection of a 4 storey building to form 4 HMO units and a second application was previously granted in July 2017 under application number 08/17/00082 for the erection of a 4 storey building to contain 8 flats. Both applications have now lapsed. This site is located and accessed from the rear of Cornhill close to King Square in the town centre of Bridgwater. Bridgwater is an emerging town situated in the heart of the borough of Sedgemoor and within 11 miles of Taunton and 38 miles of Bristol. The town which is famed for its annual carnival is a thriving place with many new jobs being created in recent years. A number of these are at Hinkley Point C Power Station which is approximately 11 miles West of Bridgwater. This development opportunity would be ideal to accommodate some of those working there. Bridgwater has its own mainline station and two motorway junctions - 23 & 24 of the M5. For more information please contact us.
PLANNING The prospective purchaser should make their own enquiries to the planning department regarding their proposals and intended use. You should also refer to the planning application submitted in respect of the erection of a 4 storey building to form 4 HMO units with the existing single storey building being demolished.
SERVICES All services are available in the immediate vicinity but have not been tested. Any purchaser must satisfy themselves independently as to the accessibility.
TENURE Freehold
FLOOR AREA Ground Floor - 91.72sqm First Floor - 147.19sqm Second Floor - 147.19sqm Third Floor - 147.19sqm
VIEWINGS Strictly by prior appointment with the joint agents.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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