For SaleLand in Great Russell Street, Northampton, NN1£825,000

An exciting opportunity to build 19 new flats with parking in central Northampton, with circa 11,500 sq ft of accommodation, with full planning approved. An opportunity to develop a vacant former nightclub site into 19 brand new apartments, with full planning approved. The site is in the heart of Northampton's urban area, on the edge of the Town Centre, and within the historically important Boot & Shoe Quarter Conservation Area. The nightclub is long since demolished, and due to the previous club basement there is no need to dig out. Accommodation is over Ground, First and Second Floor levels. The site benefits from two extant planning approvals, one for 16 x 1 beds and 3 x 2 beds together with 16 x basement parking spaces and lift, the second planning for 14 x 1 beds and 5 x 2 beds with no basement parking or lift. Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change. Planning Planning for the 19 flats ( 16 x 1 beds and 3 x 2 beds) with basement parking spaces was approved under ref WNN/2021/0035 in January 2023. All private accommodation, no affordable, CIL (Community Infrastructure Levy) liable and S106 signed (approximately £19,000) https://wnc.planning-register.co.uk/Planning/Display/WNN/2021/0035 Subsequently, a further application WNN/2023/0351 was approved at Appeal in August 2024 for a revised scheme, removing the parking and lift etc, and to reconfigure slightly to change two of the 1 beds into 2 beds. The scheme now provides 14 x 1 beds and 5 x 2 beds, totalling approximately 11,500 sq ft and this was approved at Appeal, Ref:APP/W2845/W/23/3333931. Estimated GDV (Gross Development Value) is circa £3.5m. All private accommodation, no affordable, CIL (Community Infrastructure Levy) liable and no S106. https://wnc.planning-register.co.uk/Appeals/Display/WNN/2023/0351 Data Pack A number of drawings and additional reports are available upon request, incl TOPO, FRA, Noise Assessment, Appeal Decision Notice and Planning Statement.