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    Key features

    • To be offered on Tuesday 27 February
    • Freehold development site
    • Planning permission granted for a contemporary 60 apartment scheme
    • No onsite affordable
    • Central location less than half a mile from the town centre
    • Possible SPV sale subject to agreement
    • 38 x 2 bed and 22 x 1 bed apartments
    • Proposed GIA 42,211 sq ft (3,921 sq m)
    • Vacant

    Description

    The consented scheme consists of 60 units in an eye catching designed building. A selection of 1and 2 bedroom units, all with the benefit of direct outside space and with no onsite affordable, all the 2 bedrooms have en-suites to the principal bedroom. There are numerous parking on site including, underground with 64 spaces. The sellers have paid all the preplanning requirements and therefore this scheme can be commenced immediately.

    Joint Agent Goldschmidt & Howland

    Richard Humphreys 020 7432 8120

    Additional information

    Tenure

    Freehold

    Accommodation

    Proposed accommodation:

    38 x 2 bedroom apartments each with en-suite facilities off the principal bedroom.

    22 x 1 bedroom apartments.

    Total Gross Internal Area 42,211 sq ft (3,921 sq m)

    Planning

    Planning permission has been granted by Bracknell Forest Council (ref 16/00626/FUL 22nd June 2016) for the redevelopment of the site to provide 60 residential units within a part-three, four and five storey building (plus basement car parking) with associated amenity space, landscaping, car parking, refuse stores and foot/cycle path link.

    A certificate of lawful use or development was granted by the planning authority on the 18th January 2023 confirming the development has been implemented.

    Notes

    The property is held in an SPV. The seller may consider a sale of the company rather than just the asset. Interested parties parties should contact the auctioneers to discuss this further.

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      Local information

      Situated within a predominantly residential area, to the north side of Eastern Road, accessed off London Road.

      Less than half a mile to the east of Bracknell Town Centre.

      The town provides a broad range of shops bars and restaurants.

      Bracknell Station provides a frequent commuter service to Reading and London


      Transport

      Bracknell Station - National Rail

      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