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
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.
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.
Bedford Borough Council
The property is not elected for VAT
* 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.
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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.
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton March 2021
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