Sold prior to auction, for an undisclosed amount

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Freehold development opportunity comprising a 2 storey, semi detached property (1388 sq ft, source EPC) with large outbuilding and land. Planning approved for conversion to 3 x 2 bed / 2 bath and 1 x 1 bedroom duplex apartments with parking.

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Description/Location

The property is situated at the junction of Belswains Lane and Belmont Road. Formerly a shop with residential upper parts and a large office / outbuilding to the rear the property is now arranged as a large single dwelling. Planning was granted by Dacorum Borough Council on 06/08/2021 for demolition of the outbuilding and extension / conversion of the dwelling to 4 flats. Buyers may also consider retaining the dwelling and using the outbuilding for commercial purposes or converting it to a detached dwelling subject to planning. The property is occupied on a fixed term holiday let at £1800 pcm expiring 18/10/2021.

Tenure

Freehold

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Current Accommodation Ground Floor: Entrance hall, 3 large rooms, kitchen. First Floor: Landing, 3 rooms, bathroom. Outside: Garden and parking, large studio (26 sqm / 279 sq ft).

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*Guide Price & Reserves

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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.