House For Sale £150,000
For sale by Livestream Auction 27th September 2023
Development opportunity of a former telephone exchange.
A former telephone exchange set on a 0.14 acre plot with planning for conversion
Situated in Newton St. Loe, on the outskirts of Bath this is a 0.14 acre plot with a stone built former telephone exchange, located in a semi-rural setting next to the Globe in and bordered on two sides by open farm land. Planning has been granted to convert the building into 3 self-contained studio flats, for use as student accommodation. The property is situated in a convenient position, close to Bath Spa University Newton Park campus (within 1 mile) as well as offering easy access to central Bath.
Accommodation Entrance Porch: 1.38m x 2.53m
Open plan room: 12.28m x 4.90m
To the front of the property is a small detached stone built store (uninspected).
To the rear is a demolished rear extension.
Proposed development The proposed development details a loft conversion with front and rear dormers. The accommodation includes 2 flats on the ground floor with one in the roof. There is parking provision for 1 disabled parking space.
Planning History 14/05438/VAR Conversion of disused telephone exchange to form 3no. units of student accommodation was granted in 2011. This permission is subject to a Section 106 Agreement restricting use to students and staff of Bath Spa University.
14/02594/COND - Discharge of condition 4 attached to application 10/01650/FUL. This is landscaping and parking scheme.
A rear extension to the main building has been demolished and the Planning Department have confirmed development has begun and is therefore extant (live).
14/05438/VAR - Variation of condition 9 of application 10/01650/FUL. This is a later variation which changes the scheme to single storey development with larger rear extension. Interested parties should satisfy themselves as to the status of this permission.
Letting Potential We would anticipate market rents being in the region of £800 pcm giving a potential annual rental income of £28,800.
Agents Note It should be noted the property is situated within the Green Belt.
Viewing. By Appointment. Please note if you park in the Globe Inn car park, charges apply.
Tenure: Freehold
