Lot 43 - The Former St. Anthony's School, Belle Vue Road, Cinderford, GL14 2AA

  • Unconditional Online Auction Sale
  • Guide Price* : £165,000+
  • Bedrooms: 0

Development Potential

Description

ONLINE AUCTION from 2nd FEBRUARY - 4th FEBRUARY

This former school is situated in a mainly residential location in the town of Cinderford. The property benefits from a prominent position within the town and local amenities are easily accessible, approx. 500m from the town centre. The city of Gloucester is located 18 miles to the east and is accessible via vehicle and public transport. There is an array of beautiful villages on the outskirts of Cinderford, which provide shops, restaurants etc. as well as beautiful scenic walks and views.

The plot measures approx. 0.5 acres and the school consists of 3 linked buildings with 1,205 sq. metres of accommodation. The school fronts onto Belle Vue Road and can also be accessed via Flaxley Street.

There is huge potential to convert the site to a high-density residential scheme (subject to necessary permissions). A pre-application has been submitted with a positive response from the Local Authority.

Below are extracts of the response from the pre-application enquiries.

"The site is located within a defined settlement boundary where the provision of new residential development is supported by both national and local policy due to being located in a sustainable location. "

" It is clear that the building has been vacant for some time and therefore I imagine that justification can be put forward to consider a residential use. "

"Overall, I would consider that there is scope to consider an alternative use for the site, providing information is submitted supporting this, as outlined above. The area in which the site is located is close to the town centre and in a predominantly residential area, which would therefore lend itself well to either of the proposed uses."

Tenancies

To be sold with vacant possession

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £975) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.

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Dean Estate Agents - 01594 825574

Joint Agent

Dean Estate Agents - 01594 825574

Office Contact

Ryan Saunders

Documents

Auction Finance

As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.

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