Ferndale Preparatory School, 5-7 Bromsgrove, Faringdon, SN7 7JF

Lot Image

Auction sale - Monday 5th December 2016

Upon the instructions of

Administrators

Result:

Sold for £675,000.

  • Freehold former school
  • Alternative use potential (subject to planning)
  • Site area about 0.70 acres (0.28 hectares)
  • Market town location
  • Vacant possession

Addendum

Ferndale Preparatory School, 5–7 Bromsgrove, Faringdon
On the administrators obtaining insurance for the Property, the insurers conducted a Risk Consultation at the Property. The result of this has revealed that the wall on the South East perimeter between the Property and 9 Bromsgrove is leaning towards 9 Bromsgrove. The Seller is not aware of who is responsible for this wall. Any Buyer must rely on their own inspections and make their own enquiries in this regard. The Property is sold subject to any such liabilities.

Viewings

12:00pm on Friday 18 November & 10:30am on Friday 25 November

Details

Location

The market town of Faringdon lies about 18 miles south west of Oxford and 12 miles north east of Swindon. It is accessed via the A420, which provides access to the A419 to the south west and junction 15 of the M4 motorway beyond. Nearby Swindon railway station provides regional rail services as well as direct services to London (Paddington) with a journey time of about one hour.
Bromsgrove is a predominantly residential thoroughfare lying just to the south west of the town centre running from Park Road to Marlborough Street, the main street running through the town. The building lies on its north side.

Tenure

Freehold.

Planning Authority

Vale of White Horse District Council (01235 422600) www.whitehorsedc.gov.uk.

VAT

Please refer to the legal documentation.

Energy Performance Certificate

EPC Rating 123 Band E.

Description

A detached Grade II listed period building originally constructed as two dwelling houses but having been adapted more recently as a preparatory school (D1). The main building is arranged over ground, first and second floors and currently provides classrooms and administrative offices whilst additional buildings on the site include an assembly hall with classroom accommodation, a music room and ancillary storage accommodation. Access to the site is via a shared gated access to the side of the main building (hatched on the site plan), which also serves a residential dwelling that is not included in the sale. The remainder of the site is arranged as a mixture of lawn, playground/play areas and a tarmacadum parking area, which has vehicular access from the rear.

Accommodation Sq ft Sq m Tenant
TOTAL 10,850 1,007.97
Main school building
Assembly hall/classrooms
Music room
7,900
2,450
500
733.91
227.61
46.45
Vacant
The auctioneers have not measured the property and all areas are for guidance purposes only on a Gross Internal basis.

Joint auctioneers

Eddisons
(Tom Colyer)
020 7516 1614
tom.colyer@eddisons.com

Contact

Seller's solicitor

Squire Patton Boggs (UK) LLP
(Anita Shanghavi)
0121 222 3000
anita.shanghavi@squirepb.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £625 plus VAT.

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