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3 Garage Blocks - (potential for redevelopment) - Mount Pleasant, Wotton-Under-Edge

Offers over £175,000

Property status: FOR SALE

Location: Mount Pleasant, Wotton-Under-Edge, GL12 7JS

INVESTMENT OPPORTUNITY - 3 Garage Blocks - (potential for redevelopment)

Site of approx. 0.2 acres (828m2) within the market town of Wotton-under-Edge.

18 brick built pitched roof garages arranged in 3 blocks around a large tarmac parking area. Located in a quiet residential street between a row of terraced houses and the former Full Moon public house (with consent for erection of 10 dwellings under Ref No. S.14/2430/FUL). Potential for alternative uses to include residential development (STP).

Rights of Way - A public footpath crosses the property linking Mount Pleasant Road and Knapp Road.

Overage Provisions - The sale contract will include an uplift (or overage) payment. If planning permission is granted within 25 years for residential or commercial development, a payment of 30% of any enhanced value will be payable to the Vendors.

Tenure - The property is held vacant with freehold possession upon completion.

Services  - No services are connected to the site. Purchasers are advised to make their own enquiries to the relevant services providers but mains services are believed to be in the adjacent highway. There is an electricity sub-station near the north-east corner of the site.

Easements, covenants and Rights - The property is sold with any rights, easements or other incidents of tenure which affect it. The property is sold subject to all rights, title and interest.

Planning - The property is within a tier two settlement in the Stroud District Local Plan. Prospective purchasers are advised to make their own investigations with Stroud Planning Department.

Viewing Strictly by appointment with the Agents: David James & Partners Ltd.

Site area approximately: 0.2 acres (828m2)

For further details about this property, please view:

This page was last updated: 25 September 2017

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