11th December 2020
Three is the magic number for land investors
A trio of Cheshire lots is expected to draw the attention of savvy investors and developers when they go under the hammer with SDL Property Auctions this month.
The three lots are all part of the exclusive Meadowgate Farm residential development in Sutton Weaver and offer a variety of opportunities, comprising two parcels of land thought to be suitable for development plus an access road with parking bays.
Meadowgate Farm is a secluded riverside development featuring just six highly desirable character homes close to open farmland and the River Weaver, yet just off the main Chester Road and within two miles of the busy town of Frodsham.
Plot One, which has a *guide price of £70,000+, and Plot Two, which has a guide price of £90,000+, are both considered suitable for redevelopment subject to planning permission. The third lot, Access Road and Parking Bays at Meadowgate Farm, has space to accommodate around 10 vehicles and a guide price of £20,000+.
Head of Auctions North West Andy Thompson said: “This is a really exciting opportunity which is a great example of the diversity of the lots we offer in our Auction Events. The plots form part of a small exclusive development which was built around 20 years ago by the current landowner. He had great success with a parcel of land in Frodsham in our last Auction Event so is now keen to sell these lots, too.”
Andy said the lots are likely to appeal to a variety of buyers.
“All three lots would be of value to the current residents of the development, whether they wish to extend their own gardens or are motivated by a desire to preserve the land from future development. They are also likely to attract developers investing with a view to building on the land in the future, although they are advised to consult the local planning department before making any commitment. There is value in each of the lots individually but we believe the access road will be of particular use when purchased in conjunction with one or both of the plots.”
The plots do not currently have planning permission for any redevelopment, so any potential buyers should make their own enquiries before bidding by contacting Cheshire West and Chester Council by emailing firstname.lastname@example.org or calling 0300 123 8123.
The three lots are among a diverse range of residential and commercial properties, development opportunities and land going under the hammer in SDL Property Auctions’ final National Property Auction of the year, which will be live-streamed from its head office with a live auctioneer.
A choice of three remote bidding methods is available – over the internet, by proxy or by telephone – to ensure the auction remains accessible to all, and buyers will beat the stamp duty holiday deadline comfortably, as exchange will take place on the fall of the hammer and sales will complete in January.
To find out more about the Meadowgate Farm lots, to register to bid or to see the full catalogue of lots, click here or call the North West auctions team on 0161 774 7333.