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Lot 5 Click here for addendum

Vacant Former Bank with Mixed Use Planning – Residential/Commercial Development Investment Opportunity
6 Week Completion

Situation

Located opposite the junction with St Mary's Close within close proximity to the main shopping thoroughfare which includes Sainsbury's Local, Lloyds Pharmacy and Pets Corner as well as a host of independent retailers, all serving the surrounding residential population.
The picturesque South Downs National Park is located to the west with Surrey Hills (Area of Outstanding Natural Beauty) is to the north.
Billingshurst Station is just ½ mile distant providing commuter services to London Victoria.
Billingshurst lies on the main A29 some 6 miles south of Horsham,
4 miles north of Pulborough and 15 miles south of Dorking which links with the M25 (Junction 9).

Property

A Former Bank Premises planned on the ground and first floors within the Billingshurst Conservation Area together with a private side road leading to a Large Rear Car Park / Land.

Accommodation

Site Frontage 47'3"
Site Depth 173'0"
Site Area Approx. 11,370 sq ft (0.261 acres)

Ground Floor Bank
Gross Frontage 40'8"
Built Depth 89'0"
GIA Approx. 3,070 sq ft
First Floor Ancillary
GIA Approx. 1,165 sq ft

Total GIA Approx. 4,235 sq ft

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Planning

• On 19th April 2021 a Planning Application was submitted to Horsham District Council for ‘Change of Use of existing building to provide 1 No. commercial unit (Class E) and 6 No. 1-bedroom flats with associated external alterations' (Ref. DC/21/0909). This Application is now pending consideration and there is correspondence from the Council relating to this Application available from the Auctioneers.

• On 3rd February 2021 Planning Permission was granted by Horsham District Council for ‘Change of use to provide 1 No. retail/commercial unit, 1 No. 2-bedroom flat and 1 No. 4-bedroom dwelling and erection of a double garage' (Ref. DC/20/2378)/span>.

• On 21st June 2019 Planning Permission was granted by Horsham District Council for ‘Demolition of existing building and redevelopment of the site to provide 1 × retail/commercial unit, 5 × dwellings (comprising 5 × 2-bed houses), parking and revised access road' (Ref. DC/18/1761).

Refer to Auctioneers for Documentation and Plans for each of the above schemes.

Note 1: There may be potential for additional residential dwellings on part of the Rear Car Park / Land, subject to obtaining the necessary consents.

Note 2: The property may be suitable for Supermarket Retailers and other similar users.

VIRTUAL TOUR
Click here to view the virtual tour of the interior of the property.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

84 High Street, Billingshurst, West Sussex RH14 9QS