The Factory Warehouse, Stuart Road, Kempston, Bedford, Bedfordshire, MK42 8HS

Guide Price* : £750,000

Town Centre Residential Development Opportunity

  • Warehouse Conversion Opportunity (subject to planning)
  • Previous consent provides precedent for residential use
  • Large site with potential for new build elements
  • Character building with original features
  • Site area 0.22 acres
  • Guide Price - £750,000

Description

The property comprises a victorian warehouse arranged over ground and first floors with access down the side to a large yard and a second building arranged over two stories formerly used as a sales area/office.

The warehouse has several original features including a parquet floor, timber beams and glasswork to the roof that provides exceptional levels of natural light. It is envisaged the property would be suitable for conversion to residential use (subject to planning) and past planning consents provide precedent for residential use.

The office/sales building is more modern and situated to the back of the site facing the yard. It is also envisaged that this would suit conversion to residential use, with further potential to develop new residential units in the existing yard.

Tenure

Freehold

Planning

Permission was granted in July 2000 (timeframe extended in 2005) for the conversion of the premises to provide eight residential units (Reference - 00/01038/FUL) thus providing precedent for the conversion to residential use.

Subsequently, a more ambitious development was proposed in August 2020 (Reference - 20/01707/MAF) however this was refused. It is envisaged that with amendments this development would be acceptable.

Planning Authority

Bedford Borough Council

VAT

The property is not elected for VAT

Contact

* Generally speaking Guide Prices 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. 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.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Bidding not yet open
Minimum Opening Bid

£550,000


Bidding Opens On
16th Dec 2020 12:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Max Mason
07917 865 212

Legal Documents

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Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton November 2020

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.