Property Information
Address:
Former Bridgwater Magistrates Court, Northgate, Bridgwater
, TA6 3EU
Price: Property no longer available.
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH536343
Property Ref/Agent: 21192_26740843
*Please use the agent ref when calling the agent directly.
Property description
An exciting opportunity to purchase an imposing Grade II listed former magistrates court measuring approximately 14,000 sq ft (GIA).
The property benefits from a car park to the rear, garaging and a detached rear coach house.
Full planning consent has been granted for conversion of the property to provide 10 spacious, contemporary apartments and a central office suite in the former courtroom.
There may also be potential to carry out a higher density conversion, subject to obtaining the necessary planning and listed building consents.
Location - The property is situated in a central location in Bridgwater and benefits from a prominent roadside frontage.
The immediate area is undergoing significant redevelopment which includes a recently completed McCarthy & Stone development of retirement apartments, a new primary school, leisure centre, hotel and amenity green space.
Plans for this major application can be viewed online under application number 08/16/00063. This development will also be ideally located for the new nuclear power station at Hinkley Point, which will employ 900 people once completed.
Planning - Full planning permission and listed building consent has been granted for the conversion of the existing two storey building to provide 10 spacious, self-contained apartments and a central office suite under the following applications:
08/16/00140 - Approved with conditions on 14th November 2016.
08/16/00141 - Approved with conditions on 14th November 2016.
08/16/00194 - Approved with conditions on 23rd December 2016.
08/16/00195 - Approved with conditions on 23rd December 2016.
Local Authority - Sedgemoor District Council.
Plans - Full plans are available online at:
Schedule Of Accommodation - Flat 1: 1 Bedroom Flat (104.5 sq m)
Flat 2: 2 Bedroom Flat (134.7 sq m)
Flat 3: 1 Bedroom Flat (97.8 sq m)
Flat 4: 2 Bedroom Flat (128.1 sq m)
Flat 5: 1 Bedroom Flat (71.6 sq m)
Flat 6: 1 Bedroom Flat (67.5 sq m)
Flat 7: 1 Bedroom Flat (71.9 sq m)
Flat 8: 1 Bedroom Flat (98.3 sq m)
Flat 9: 1 Bedroom Flat (69.6 sq m)
Flat 10: 2 Bedroom Flat (93.8 sq m)
Former Courtroom: (123.2 sq m)
Parking & Cycle Storage
Car Parking: 14 spaces
Cycles: 24 spaces
Motorbikes: 2 spaces
Gross Development Value (Gcv) - We have been provided with the following resale estimates by local agent, Hollands Curtis & Evans, based upon the units being finished to a high specification:
Flat 1: £200,000
Flat 2: £210,000
Flat 3: £180,000
Flat 4: £210,000
Flat 5: £165,000
Flat 6: £165,000
Flat 7: £165,000
Flat 8: £180,000
Flat 9: £165,000
Flat 10: £185,000
Office: £150,000
GDV: £1,975,000
Method Of Sale - The site is offered for sale on an unconditional basis with a guide price of £450,000.
Offers should be made in writing for the attention of Rob Ansell and must include timescales and purchasing position.
Viewing - Strictly by appointment with Maggs & Allen.
Tel:
Email:
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
These particaulrs including all measurements, plans, dimensions and photographs are provided for guidance purposes only and any intending purchaser or lessee should make their own enquiries.
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