Auction Property Details

1a Virginia Street, Southport, PR8 6RZ

Lot 22 - 05.06.2014

WITHDRAWN

FOR SALE BY PUBLIC AUCTION

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.