Auction Property Development Property 

Alexandra Road, Buxton

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Features

  • Auction Date: 17th - 18th December 2018
  • Re-development Opportunity (STP)
  • Expired Planning Consent
  • Conversion to 1 x 3 bed dwelling (STP)
  • Close to Local Amenities
  • Excellent transport links
  • Long Leasehold
  • Sought After Location

Address

5, The Glen Alexandra RoadBuxtonDerbyshireSK17 9NQ
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Property Details

•For Sale By Online Auction: 17th – 18th December 2018
•Guide Price: £12,500+
•Development Opportunity (STP)
•Previous planning for three bedroom dwelling
•Popular residential location

The property has previously been used as a garage and forms part of a larger building currently configured to provide four residential flats. A previous planning consent had been granted, which allowed for conversion of the premises in its existing form to residential.

The proposed scheme involved the excavation of the ground level immediately outside the property and within to provide the required headroom within the building. The accommodation was to comprise of: ground floor lounge / dining room, kitchen, hall and W.C, and to the first floor three bedrooms and a bathroom.

Buxton is a highly desirable town in the Peak District. The town centre is located approximately one mile north of the subject property, approximately 25 minutes walk.

The property is situated at the south eastern end of Alexandra Road, which is a cul-de-sac. Alexandra Road is accessed directly off White Knowle Road, which runs north towards London Road (A515).

Buxton is also famed for being the capital of the Peak District and as such attracts tourists keen to visit the Pavilion Gardens and the Buxton Opera House. Nearby local amenities include a Tesco Express and Harpur Hill Primary school.

Planning

Planning permission was previously granted in February 2002 by High Peak Borough Council for “Conversion of disused garage into dwelling and provision of off street parking”. The planning application reference is HPK/2002/0023.

Prospective purchases are advised to make their own investigations as the whether the planning consent could be reissued.

Services

Interested parties should carry out their own investigations as to the viability and costs involved to install utility services.

Tenure

The property is long leasehold for a period of 999 years from the 25th December 1987.

Guide Price

£12,500+.

Buyers Premium

2% (min. £3,600) inc. VAT.

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Development Potential

The immediate area is a popular residential location. Therefore, if the property were to be re-developed, we expect there would be good levels of interest from buyers.

Assuming typical build costs for this type of project, if the property were to be offered to the market for sale, following completion of the works, a good level of profit should be achievable.

Location Map

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