Investment opportunity - workshop with redevelopment scope (STPP)
20 Beech Street, Kent, TN1 2RX
- 3
Guide Price: *
£228,000
Fees apply
Buyer's fee:2.4% (min. £18,000)
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£228,000Bid history
0 bidsA rare opportunity to acquire a workshop situated in the sough-after residential area of Tunbridge Wells. The property offers excellent potential for redevelopment, subject to all necessary consents.
The site is at the end of a no through road and is currently occupied by a commercial building.
The site previously benefited from a granted planning consent for the creation of three one bedroom apartments. However, we understand that the approved scheme is not implementable in its current form due to boundary discrepancy. Prospective purchasers are therefore advised to make their own enquiries with the local planning authority regarding any future development potential.
This well positioned site could suit a variety of alternative uses, redevelopment or conversion (STPP), making it an attractive prospect for developers, investors or owner occupiers.
The property is located in the affluent town of Royal Tunbridge Wells, a historic spa town. The town is approximately 36 miles south east of Central London and offers a range of retailers, leisure facilities and amenities in close proximity.
Key Features:
- Detached workshop in established residential setting
- Previously granted residential planning (not currently implementable)
- Strong redevelopment potential (STPP)
- Walking distance to local amenities and transport links
Summary
- Auction end
- 29th Jul at 09:51
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- Ask Agent
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and SJD Projects shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by SJD Projects. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
