Auction Property Details

1a Virginia Street, Southport, PR8 6RZ

Lot 5 - 23.07.2014

SOLD LATER

FOR SALE BY PUBLIC AUCTION THURSDAY WEDNESDAY 23RD JULY 2014 AT LIVERPOOL TOWN HALL

DEVELOPMENT SITE AT 1A VIRGINIA ROAD, SOUTHPORT, PR8 6RZ

DEVELOPMENT

WHY BUY?
Freehold development opportunity
Projected end value £1,600,000
Planning permission for 10 x 3 bed semi-detached two storey dwellings plus detached bungalow
Site covers approximately 0.644 acres ( 0.26 ha)
Planning reference S/2013/0057

DESCRIPTION
A development site situated to the rear of 1A Virginia Road Southport with planning permission to provide 10 semi-detached 2 storey dwellings and 1 detached bungalow together with associated car parking and landscaping. Full details are available from Sefton Council website planning application reference S/2013/0057. Projected end value for the site is £1,600,000 assuming 10 x £140,000 for the semi-detached dwellings plus £200,000 for the bungalow.

The site comprises of 1A Virginia Road together with various outbuildings and land to the rear formerly a bowling green measuring approximately 0.644 acres (0.26 ha).

LOCATION
Situated in a convenient and popular residential location close to Southport town centre being well served by leisure and retail amenities and just a short walk from Southport Station.

NOTE:
Access to the site follows demolition of 1A Virginia Road which comprises of a ground floor retail unit with flat above. The flat is let by way of an Assured Shorthold Tenancy currently producing £500 per month and the retail unit will be vacated subject to the special conditions in the legal pack.

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.