Summary - Flat 4 Canal House, 1, Market Street, HIGHBRIDGE TA9 3BW
1 bed 1 bath Residential Development
Cash-ready developers: two planning options in central Highbridge with parking potential.
Extant permission for 14 apartments plus ground-floor commercial and leisure
Resolution to grant for 29 one- and two-bedroom apartments with parking
S106 offsite contribution £138,000 for affordable housing
Freehold site with large prominent corner plot in town centre
Auction sale with immediate exchange; extra fees apply on exchange
Piling required for construction; groundworks and foundations expected
Area shows strong local job demand but very high crime and deprivation
Fast broadband, excellent mobile signal; low flood risk, EPC exempt
Canal House offers a freehold development opportunity in central Highbridge with two planning routes: an extant permission for 14 apartments with ground-floor commercial/leisure, and a resolution to grant for 29 one- and two-bedroom apartments with undercroft parking and lift. The site occupies a prominent corner plot close to the town centre, train station and M5, providing good transport links and job-driven demand from nearby major projects.
This lot is aimed at purchasers who can mobilise quickly. The sale is by livestream unconditional auction with immediate exchange on successful bid; additional fees include a £1,200 administration fee and £600 buyer’s premium payable on exchange. The 29-unit scheme is subject to an S106 offsite affordable-homes contribution of £138,000 and the application is currently on hold pending sale.
Construction requirements and constraints are straightforward but real: piling is required and the ground-floor/undercroft arrangement is pre-planned. The property is EPC exempt and has low flood risk, fast broadband and excellent mobile signal—practical positives for rental or owner-occupation schemes. Note the wider area is very deprived with very high recorded crime; this is a material market factor for lettings, sales values and certain funding routes.
Suitable buyers are developers or investor-operators who value choice of consent and a large, well-located plot. Viewings are scheduled before auction; bidders should review the legal pack for disbursements and technical reports, and factor in the S106 contribution, piling/groundworks and immediate exchange requirements into any offer.
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