71-81 Seabourne Road, Bournemouth, Dorset, BH5 2HE

Guide Price* : £450,000

Residential Development Opportunity

Upon Instructions of

The Joint Administrators

  • Freehold site of 0.141 Acres (0.057 Hectares)
  • Development potential (subject to planning)

Description

The property comprises a single, steel portal frame, warehouse unit and an adjacent office unit. The property was previously used for the storage and wholesale of fruit and vegetables.

The property is well suited to residential redevelopment and permission has previously been sought for the development of 22 flats on the site. Whilst this application was refused, the refusal notice suggests that the site is suitable for residential redevelopment, with the principal basis of refusal being the density and design.

Location

The Poole, Bournemouth and Christchurch conurbation is the largest built up area within Dorset on the South Coast lying approximately 25km west of Southampton and the junction of the M3 and M27 motorways.

The property is located on the north-west side of the junction of Seabourne Road with Norwood Place, and immediately west of the junction of Seabourne Road with Cromwell Road. Seabourne links with the A35 Christchurch Road approximately ¼ mile to the north-west. The A35 links Christchurch in the east with Boscombe and then Bournemouth to the west. Pokesdown railway station lies immediately to the north of the junction of Seabourne Road with Christchurch Road.

The building is located in a predominantly residential area, albeit there are various commercial uses fronting on to Seabourne Road including a Co-Op One Stop (directly opposite the subject property) and a number of other retail uses intermittently along Seabourne Road.

A number of sites in the immediately vicinity have been redeveloped for residential purposes to include a scheme directly opposite the subject and a further development of flats along Cromwell Road.

Tenure

Freehold

Planning

A planning application for the development of 22 x one bedroom flats (Application No: 7-2018-1589-O) has been refused. However the refusal notice suggests that the site is suitable for residential redevelopment, with the principal basis of refusal being the density and design.

Planning Authority

Bournemouth Borough Council - 01202 451451 (www.bournemouth.gov.uk)

VAT

The property is elected for VAT

Vendor's solicitor

Moore Blatch
Rachael Kelly
023 8071 8889
rachael.kelly@mooreblatch.com

* 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 £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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Sold for £490,000

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Auction Ended

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Vendor

The Joint Administrators

Vendors Solicitor

Rachael Kelly
023 8071 8889

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton June 2019

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.