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Stroud, Gloucestershire

£1,500,000 Guide priceSold STC


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  • Block of 24 flats for refurbishment or redevelopment
  • Bids closed 15th February 2018
  • Convenient for Stroud Town Centre
  • 2.2 acre site
  • For sale by informal tender

Description

THE SITE This is a very interesting development opportunity located fronting the A419 about two and half miles east of Stroud's thriving town centre, enjoying a prominent elevated position. The overall site area is approximately 0.9 hectares (2.2 acres). Edged in red on the plan within the sales particulars (for identification purposes only).

The site enjoys access directly onto the A419 London Road. This is a block of flats built in the 1950's now requiring refurbishment. Alternatively the entire site could be redeveloped for residential purposes subject to planning permission being granted.

The existing block consists of 24 flats on two and a half storeys. There are 12 one bedroom flats on the ground floor and 12 maisonettes on first and second floors of which 10 have three bedrooms and two have four bedrooms.

There is a large surfaced car parking area to the side of the building.

The whole site slopes down to the A419. The rear part of the site is undeveloped and this open area is just over 1 acre, it is crossed by a public footpath.


THE LOCATION The property lies off the A419 about two and half miles east of Stroud's Town Centre. It is in a popular residential locality within the Stroud Valleys and is conveniently located for the town centre, where there is a good range of retail and commercial facilities, as well as mainline railway station.

Stroud has many excellent schools including two of Gloucestershire's remaining grammar schools and is
generally now considered to be a very sought after residential location.

The M5 motorway can be joined at Junction 13 west of Stonehouse, the M4 motorway can be joined at Junction 16 near Swindon both of which are within easy driving distance, as are the larger centres of Cheltenham, Gloucester and Cirencester.


VIEWINGS The general location of the property can be seen at any time, although you should be aware that there are still some residents in occupation and their privacy must be observed. We are arranging a number of open view times when the building itself will be open for inspection as follows:

1. Wednesday 13th December 2017 - 10:00 am to 11:30 am

2. Wednesday 17th January 2018 - 10:00 am to 11:30 am

3. Thursday 25th January 2018 - 2:00 pm to 3:30 pm

TOWN & COUNTRY PLANNING The property falls within the jurisdiction of Stroud District Council as local Planning Authority. No preliminary or
informal discussions have taken place about development on the site. However, the property lies within the Settlement Boundary as shown in the Adopted Local Plan where residential development should be acceptable in principle.

The existing block of flats could be refurbished for immediate occupation or alternatively both the site of the existing building and the field to the rear could be developed for residential purposes subject to planning permission being granted. Interested parties should address specific enquiries to the local Planning Authority


IMPORTANT NOTES If land beyond this site is developed using it as access then a further payment will be required to reflect this.

METHOD OF SALE The property is offered for sale by informal tender with offers to be made in writing by 12 noon on Thursday 15th February 2018 at the offices of Perry Bishop & Chambers, 2 Silver Street, Cirencester, Gloucestershire, GL7 2BL.

Offers made subject to contract only or subject to planning consent are invited, the latter to reflect the delay and additional value attributable to the proposed scheme.

The offer should be submitted on the offer form which is available from ourselves by email or post, so as to ensure that all information required is received. The offer may be returned by hand or posted to our Cirencester Office or sent by email to peterchambers@perrybishop.co.uk.

It is the bidder's responsibility to ensure that their offer is received by the prescribed deadline and the vendor is not bound to accept the highest or any offer

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