About this property
Key Features
- Substantial former bank premises in a prominent High Street position
- Approximately 3,010 sq ft / 279.6 sq m arranged over three floors
- Currently commercial accommodation with Class E use
- No existing residential planning permission
- Stripped-back internal condition, ready for refurbishment or reconfiguration
Description
Residential Development / Conversion Opportunity — Strictly Subject to Planning Permission
A rare opportunity to acquire a substantial former bank premises in a prominent position on Olney High Street, offering potential for residential conversion or redevelopment, strictly subject to the necessary planning permissions, listed building consent and regulatory approvals. The property has been a residential home before the Bank’s tenure.
Important Notice: This property does not currently have residential planning permission. It is presently commercial accommodation with Class E use. Any residential use, conversion, occupation or redevelopment would be entirely subject to the purchaser obtaining all required planning consents and approvals. No warranty is given that residential planning permission will be granted.
Extending to approximately 3,010 sq ft / 279.6 sq m, the property provides a substantial and versatile building arranged over ground, first and second floors, together with a spacious outside courtyard area. The existing layout includes a principal ground floor retail/banking hall, rear office and ancillary areas, further office accommodation to the upper floors and staff facilities.
The building is currently in a stripped-back condition, giving a prospective purchaser the opportunity to consider a comprehensive scheme of refurbishment, reconfiguration or conversion, subject to all necessary consents. With its traditional frontage, period character and central High Street setting, the property may appeal to buyers seeking a distinctive town centre building with potential for future residential use, subject to planning.
Existing Accommodation
The property is currently arranged as commercial premises across three floors.
The ground floor includes a substantial former banking hall / retail area with a traditional High Street frontage, together with rear office and ancillary accommodation. The upper floors provide further office space and staff facilities, creating a generous overall footprint of approximately 3,010 sq ft / 279.6 sq m.
The current arrangement may provide scope for an imaginative residential scheme, subject to the purchaser obtaining the required planning permission and any other relevant consents. This could include conversion of the existing building, reconfiguration of the internal accommodation or other alternative residential proposals, subject to professional advice and local authority approval.
For the avoidance of doubt, the property is not currently approved for residential use, and it should not be marketed, purchased or occupied on the basis that residential use is already permitted.
Planning Position
The property currently benefits from Class E commercial use, which may make it suitable for a variety of commercial uses, including retail, offices, beauty, dental, professional services, clinic, studio, restaurant or similar uses, subject to any necessary planning, listed building or regulatory approval.
Any residential use, residential conversion, change of use, subdivision, redevelopment or occupation as a dwelling would be strictly subject to planning permission and any other required approvals.
Interested parties must make their own enquiries with the local planning authority and satisfy themselves as to the feasibility of their intended scheme before entering into any commitment to purchase.
Location
Olney is a thriving and historic market town located in the north of Buckinghamshire, approximately 12 miles from Milton Keynes, Bedford and Northampton. The town is positioned on the A509 and is well known for its attractive High Street, Market Place, independent shops, cafés, restaurants and period architecture.
The town centre remains a popular destination for local residents and visitors, with a general market held on Thursdays and a farmers’ market taking place on the first Sunday of each month. The surrounding area includes a number of established residential communities, helping to support the town’s strong local amenities and community feel.
11 High Street occupies a prominent position within the town centre, close to a variety of independent retailers, professional occupiers, food and drink operators and local facilities.
Important Buyer Note
This advert is prepared to highlight the property’s potential for residential conversion or redevelopment only. The property is currently commercial and does not have residential planning permission.
Any purchaser considering residential use must rely on their own planning enquiries, professional advice and due diligence. Fitzjohn Estates gives no assurance or guarantee that residential planning permission, listed building consent or any other consent will be granted.
