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Spinney Lodge, Fauld Camp, Fauld, Tutbury, Burton on Trent, Staffordshire DE13 9GW

Lot no: 44 Re-entry to a future auction
 

Guide Price £395,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 8th June 2017

11.30am
Key Features
  • Potential redevelopment site in popular village location
  • Purpose built block of flats consisting of five, one bed and three, two bed flats
  • Potential loft conversion into pent house apartments (stpc)
  • Excellent high yield investment opportunity, currently part let, part vacant and requiring a scheme of improvements
  • EPC Rating: E, E, F, F, F, F, F, F
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Re-entry to a future auction

Detached house

Property Description:

The property is currently part let, part vacant and consists of five, one bedroomed and three, two bedroomed self-contained flats all requiring a scheme of improvements. There is a spiral staircase leading to a large loft room which would allow itself for conversion into two penthouse apartments (subject to the usual planning consents). The property is well screened by a range of conifer trees, has an in-and-out driveway with ample car standing space and a well-kept lawn garden to the rear.

Fauld is a small rural village close to the popular village of Tutbury which has an excellent range of amenities and is also within a short commute of the A50 trunk road which provides swift access onto Toyota, A30 and the City of Derby.

Porch
Entrance Hall 24’1” x 9’4”

Entered by multi paned double doors, useful understair storage cupboard and original staircase to first floor.

FLAT ONE

Please note that the auctioneers have not viewed internally but believe it to comprise –

Entrance Hallway: With stair cupboard. Fitted Kitchen: With uPVC double glazed window to rear elevation. Bedroom: With uPVC double glazed window to rear elevation. Shower Room. Lounge: With uPVC double glazed window to the rear and side elevation, walk-in storage cupboard.

FLAT TWO

Having its own external access with – Entrance Hall 12’7” x 4’10”. Lounge 15’4” x 13’ with uPVC double glazed window to the front and side elevation. Inner Hall with - Bathroom 9’8” x 5’8" comprising a three piece suite with uPVC double glazed window to rear elevation and airing cupboard. Bedroom 11’11” x 9’8” with uPVC double glazed window to the rear elevation. Fitted Kitchen 13’ x 17’ with uPVC double glazed window to the front elevation.

FLAT THREE

Having its own external access. Please note that the auctioneers have not viewed internally but believe it to comprise – Entrance Hall. Lounge with window to the rear and side. Fitted Kitchen with uPVC double glazed window to the rear. Bedroom with uPVC double glazed window to the rear. Bathroom comprising a three piece suite with uPVC double glazed window to the rear.

FLAT FOUR

Accessed off from the main entrance hall. Please note that the auctioneers have not viewed internally but believe it to comprise – Entrance Hall. Bedroom with uPVC double glazed window to the rear. Bathroom comprising a three piece suite with uPVC double glazed window to the rear. Fitted Kitchen with uPVC double glazed window to the rear. Lounge with uPVC double glazed window to the front and side.

FIRST FLOOR

First Floor Landing with uPVC double glazed window to the rear elevation. Separate Corridor providing access to Flats Five and Six and the Loft Room.

FLAT FIVE

Entrance Hall. Lounge 13’1” x 15’4” with two uPVC double glazed windows to the rear elevation. Bathroom comprising a three piece suite. Kitchen with uPVC double glazed window to the side and fitted kitchen units. Bedroom One 10’9” (restricted height) x 13’ with two roof lights. Bedroom Two 13’ x 7’2” located off from the entrance hall.

FLAT SIX

Entrance Hall. Lounge 13’ x 11’3” with uPVC double glazed window to the rear elevation. Bedroom Two 10’9” (restricted height) x 12’10” with uPVC double glazed window to the rear elevation. Kitchen 10’8” x 9’8” with uPVC double glazed window to the rear and fitted kitchen units. Bathroom 9’8” x 6’7” comprising a three piece suite with airing cupboard. Bedroom 12’10” x 10’11” with uPVC double glazed window to the front.

FLATS SEVEN AND EIGHT

Accessed via their own separate corridor with storage cupboard.

FLAT SEVEN

Entrance Hall. Lounge 14’5” 13’ with uPVC double glazed window to the front. Kitchen 14’9” x 4’11” with uPVC double glazed window to the side and fitted kitchen units. Bedroom Two 12’8” x 10’8” (restricted height) with two roof lights. Off from the Entrance Hall – Bathroom 9’8” x 6’10” comprising a three piece suite with airing cupboard and uPVC double glazed window to the rear. Bedroom 12’11” maximum x 6’11” with uPVC double glazed window to the rear.

FLAT EIGHT

Please note that the auctioneers have not viewed internally but believe it to comprise – Entrance Hall. Bathroom with uPVC double glazed window to the rear and comprising a three piece suite. Bedroom with uPVC double glazed window to the front.
Lounge with uPVC double glazed window to the front. Kitchen
with fitted units.

LOFT ROOM

Accessed off from Flats Five and Six via a spiral staircase comprises – Large Open Plan Living Kitchen Room 34’9” x 20’9” (partially restricted height) comprising three roof lights and fitted kitchen. Bathroom 9’4” x 6’7” comprising a three piece suite with roof light. Large Bedroom (irregular shaped) 19’9” x 20’1” with three roof lights and fitted wardrobes.

NOTE

Further roof space and we feel the combined roof space could potentially be converted into two penthouse apartments (subject to the usual planning consents).

Outside

The site would potentially allow itself for redevelopment and could offer a number of alternative uses. There is an in-and-out driveway well screened by a range of conifer trees, large garden to the rear which is level and mainly laid to lawn.

Tenure:

Freehold. Part let/part vacant.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.