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    Key features

    • To be offered Wednesday 22 April
    • The 1.54 acres site comprises a large vacant car park
    • The site has detailed planning permission (ref:240415) to provide a fully private scheme comprising of 101 residential units along with 60 surface level car parking spaces
    • Vacant possession
    • The scheme design is for a 5-storey development, resulting in no gateway issues to contend with,presenting a straightforward development opportunity
    • Conveniently located for the amenities of Eastbourne

    Additional information

    Tenure

    Freehold

    Accommodation

    The detailed planning permission provides a total GIA of 72,069 square foot across two cores of accommodation broken down into;33 x 1 bedroom apartments 56 x 2 bedroom apartments12 x 3 bedroom apartments.

    Planning

    The site benefits from detailed planning permission (ref:240415) for the demolition of the existing car park and redevelopment to provide 101 residential apartments within a new five storey building including 60 car parking spaces and zero percent site affordable housing.


    The site does not attract any Community Infrastructure Levy.

    The section 106 payment totals £654,365.

    Bus Service Contribution: £136,530

    Employment and Training: £21,300

    Travel Plan Audit: £6,000


    Affordable Housing Contribution in Lieu: £489,715 (refundable if 30% or more affordable housing is provided on site, with the ability for grant funding to be utilised across all 101 units).

    Notes

    Please note that the site is elected for VAT which will be payable.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Junction Road Car Park is situated in the heart of Eastbourne, a large seaside town in East Sussex, located 23 miles to the east of Brighton and 17 miles west of Hastings. The site is situated on the south side of Junction Road, it lies approximately 200metres east of Eastbourne Railway Station and about 100 metres north of The Beacon Shopping Centre. The site itself is located under half a mile form the seafront.

      Transport

      National Rail - Eastbourne

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums