Lot 64 Triple Element Development Opportunity Plus InvestmentAuction Date:
21st September 2022
North Street Chapel, Hale Cottage and Chapel Cottage, Upper North Street, Cheddar, Somerset, BS27 3HX
On the instructions of the Trustees
Currently part let at £4,800 per annum
This triple element investment, with development opportunity, comprises a large vacant chapel arranged over two floors with a pair of semi-detached cottages to the rear, one of which is let on an Assured Shorthold Tenancy.
The chapel offers potential for a variety of future uses and may be suitable for conversion into residential dwellings.
The cottages would benefit from updating, although there is scope, if desired for extension. Both are subject to all necessary consents being obtainable.
The Chapel
Ground Floor
Entrance hall, ladies and gents cloakroom/W.C., main worship hall (baptism pool under floor), kitchen, further meeting hall and outer passageway.
First Floor
Stairs from entrance hall to two meeting rooms. Stairs from kitchen to large study landing and meeting room.
Tenancy
Currently vacant.
Hale Cottage
Ground Floor
Open-plan living room/kitchen.
First Floor
Landing with storage, shower room and bedroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £4,800 per annum.
Council Tax Band B
Chapel Cottage - Ground Floor
Porch, living room, inner hallway, bathroom and kitchen.
First Floor
Landing and two bedrooms.
Council Tax Band C
Tenancy
Currently vacant.
Outside
To the rear of the Chapel is a large car park with ample parking.
Site Measurements
The site extends to 0.07 hectares 0.17 acres).
Local Planning Authority
Sedgemoor District Council. Tel: 0300 303 7800. Website: sedgemoor.gov.uk.
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
