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Property for sale

Rosemary Lane, Freshford, BATH

Sold STC £2,950,000

Property Description

Full description

A prime residential development opportunity. Former Mill site extending to approximately 4.77 acres with 21 partly completed residential units.

* Highly desirable location approximately 5 miles south East of Bath * conversion and new build * approx 50% complete * 3 x 2 bed apartments * 5 x 3 bed apartments * 1 x 3 bed duplex * 3 x 2 bed duplexes * 6 x 3 bed houses * 4 x 4 bed houses * 1 x 5 bed house * a unique and exciting development opportunity *

DIRECTIONS: The site is accessed from Rosemary Lane Freshford BA2 7UD.

The sale of Freshford Mill offers a unique opportunity to purchase an exciting prime development site on which a substantial amount of work has already been completed. The development comprises 21 residential units which are aimed towards the upper end of residential property market and are a mixture of the conversion of attractive stone buildings and new builds. This  brown field site extends in total to some 1.93 hectares (about 4.77 acres) and we understand a substantial amount of ground work has been undertaken in a form of flood mitigation and remediation.
The development is set in a rural and picturesque location on the River Frome with a number of the units enjoying westerly views over the weir. Freshford is a highly desirable village set in countryside approximately 5 miles south-east of the Georgian city of Bath and 3 miles west of Bradford-on-Avon. This is considered to be much sought after residential location in a designated area of Outstanding Natural Beauty with the advantage of a village Railway Station.
Presently the various units range from near completion to part built and in some cases extensive structural work is still required.
The 21 units are split between existing buildings being converted and five new build properties. The breakdown of the units and their respective floor areas is:
Building      Floor               Building        Beds      Type                 ft2           m2

A1            1st                             Existing                  3            Apartment             1,054                98
A1            2nd                            Existing                  3            Apartment             1,054                98
A1            3rd                             Existing                  3            Apartment             1,054                98
A2            Ground/Loft              Existing                  3            Duplex                   1,794              167
B              Ground                      Existing                  2            Apartment                773                 72
C              Ground/1st                New Build              3            House                  1,259               117
C              Ground/1st                New Build              4            House                  1,913               178
D              Ground/1st                New Build              5            House                  2,439               227
D              Ground/1st                New Build              4            House                  1,758               163
F               Ground                      New Build              3            Apartment             1,463              136
F               Ground                      New Build              3            Apartment             1,464              136
G              Ground/1st                New Build              2            Duplex                  1,319              123
G              Ground/1st                New Build              2            Duplex                  1,319              123
H              Ground/1st/2nd/3rd  Existing                  3            House                   2,091              194
H              Ground/1st/2nd/3rd  Existing                  3            House                  1,914               178
H              Ground/1st/2nd/3rd  Existing                  3            House                  1,948               181
H              Ground/1st/2nd/3rd  Existing                  3            House                  2,036               189
H              1st                              Existing                  2           Apartment                838                 78
H              Ground                       Existing                  2           Apartment                838                 78
H              Ground/1st                 Existing                  2           Duplex                     830                 77
K              Ground/1st                 Existing                  3           House                    1,590              148
                                                                                                                           30,748           2,857                                                                                                                                                                                                                                              

Location and site plans are attached to the hard copy of these particulars.
VIEWINGS: The site is secure and has an active alarm security system. All viewings must be strictly by appointment with the agents.
PLANNING: A search of Bath and North East Somerset Council's Planning website reveals a number of applications relating to the site.
05/02563/FUL Originally permitted change of use together with alterations to provide 21 no residential units, provision of improved access, landscaping, parking and associated demolition (resubmission). This was subject to conditions which have been superceded by subsequent applications, particularly 08/01778/VAR and 09/00772/VAR.
In the agent's opinion there maybe scope to alter the existing planning consent to provide further residential units (subject to planning consents).
METHOD OF SALE: Offers are invited based on a guide price of 2.95 Million. Unconditional offers with full details of the means of funding should be made in writing to be received by the agents by the end of business on Friday 10th May 2013.
DUE DILIGENCE:  An information pack will be available in due course. Interested parties should request a copy from the agents. The pack is available on CD only at a cost of 20.  

FOR FURTHER INFORMATION: The sale is being handled by Stephen Morris MRICS Tel. 01225 400400. & Philip Furze Tel 0117 9161188 .

Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

Listing History

Added on Rightmove:
02 December 2013

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