Pennyfarthing Street, Salisbury
Guide Price £230,000

** For sale by online auction** Pre-Auction offers considered** A Freehold development opportunity with planning consent for the creation of a one-bedroom ground floor garden apartment and rearrangement of the existing first floor apartment (2 bedrooms). Planning Ref: PL/2023/08266 https://development.wiltshire.gov.uk/pr/s/planning-application/a0i3z00001BDB5mAAH/pl202308266?tabset-8903c=2

This former ground floor shop and first floor apartment is being sold with planning consent for the creation of a one bedroom ground floor garden apartment and rearrangement of the existing first floor apartment into a two bedroom apartment The property will be sold with the freehold and is located in an extremely sought after and convenient city centre position.

The property is located within the heart of Salisbury city centre and only a short distance from the Guildhall and Market Square. There are a host of local shopping and recreational facilities available nearby and Winchester Street in particular has various independent trades and services that are noteworthy. For city centre living there are a number of parks including Green Croft Park and Bourne Hill which are excellent for jogging and dog walking. From the market square continue along the road passing the McDonald's restaurant and into Winchester Street.

Continue past the popular Hayball Cyclepost shop and turn right into Pennyfarthing Street. The property is on the left hand side. Outside of the property at the rear there is a courtyard garden which under the design of the existing scheme will provide a pleasant garden arrangements for the ground floor apartment the area is subject to residents permit parking at a nominal local authority fee.

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5,940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price