Land With Planning Permission Approved
Canal House, 1 Market Street, Highbridge, Somerset TA9 3BW
£199,950
9 September 2025
GUIDE PRICE
AUCTION DATE
Land situated in Highbridge, Burnham-On-Sea, with two planning applications approved, offering any potential purchaser a choice of development. Freehold PLANNING (NO 11/10/00004): The site has the benefit of an extant permission (No 11/10/00004) for 14 apartments on the first, second and third floors with a restaurant on the Ground floor and Leisure Facility on the Lower Ground Floor PLANNING (NO 11/22/0039): Resolution to grant permission for 29 x one and two bedroom luxury apartments with undercroft parking and lift to all floors (No 11/22/0039) has been obtained on 10/01/2023. Canal House ( The old Cornhill), situated in the 'heart' of the expanding market town of Highbridge. The site has a unique and prominent corner position at the head of the town on the roundabout joining Market Street, the main shopping area in Highbridge, Church Street and Huntspill Road, both of which form part of the A38, the trunk road to the South West. Highbridge also benefits from its close proximity to junction 22 of the M5 only 5 minutes drive from the centre and junction 23, 5 miles away with the new Park & Ride and service/staff induction centre for Hinkley Point C. There is a main line train station, linking the town to the rest of the country only 3 minutes walk along Market St and Bristol airport is 16 miles away. Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing. DEMAND OUTSTRIPS SUPPLY NO new flats for 20 years - existing flats have no parking, lifts or amenity space. WHY DEMAND IS HIGH? ¢{tab}Giga Factory under construction (4.2 miles away), generating 3,000 new jobs in 2026. ¢{tab}Catchment area for Hinckley Point Power Station - Construction extended for 10 years, employing 15,000 people. ¢{tab}Industrial Sites - Gateway, Isleport and Walrow providing new employment opportunities. PLANNING AND SITE HISTORY ¢{tab}2010 Purchased as part of the land assembly for Bellway Homes ¢{tab}2011 (Planning Number 11/10/00004) - Planning obtained for 14 apartments with commercial on the ground floor and gym on the lower ground floor (Permission extant due to demolition). ¢{tab}2012 “ Existing Building Demolished ¢{tab}2017 “ Sold to developer for £250,000 with the benefit of planning ¢{tab}2019 (Planning number 11/17/00116) “ Detailed planning permission for 29 apartments ¢{tab}2019 “ Developer passed away ¢{tab}2022 “ Planning expired due to the developers demise ¢{tab}2023 (Planning Number 11/22/00039) “ Resolution to grant - new application for 29 1 and 2 bed apartments subject to S106 “ currently on hold, awaiting sale. N.B. S106 offsite contribution of £138,000 for affordable homes (No other S106 requirements) CONSTRUCTION ¢{tab}Site is on two levels “ Ground floor accommodation on street level, gated secure car parking occupying former basement at lower ground level (drive in, drive out - no reduced dig required) ¢{tab}Piling required “ flats to be constructed on piles with extended reinforced concrete pile caps (most local development requires piling). Ring beams connect the pile caps, creating a rigid foundation for the ring beams to support the ground floor, which can be either a concrete slab or suspended floor. Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction. Somerset County Council Southern Stewart Walker Solicitors, Ref: Claire Stanton, Tel: 0191 427 0770 We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Canal House, 1 Market St, TA9 3BW
Guide Price
£199,950
Auction Date
9 Sep 2025
Time
14:00
Lot
27
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.