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Land in Nottingham

Development Site with Former Shop/Flat, at 188 Southwell Road, Rainworth, Nottingham, NG21 0EH

Lot no: 10 Property type: Land Auction type:

Guide Price* £165,000+plus fees Result Withdrawn Post £180,000



Development Site with former shop/ flat at 188 Southwell Road

Property Description

DRAFT DETAILS An exciting opportunity to acquire a large, level, rectangular shaped parcel of land with planning permission (application ref no. 2016/0502/ST) for the erection of a two storey building to include 5 x self contained apartments (5 x 1 bed), coach house style driveway with parking spaces and planning permission for a further 3 x three bedroomed townhouses. Interestingly, the property included within the sale (188 Southwell Road) has planning permission (application ref no. 2016/0500/ST) for change of use from a shop (Class A) to use within Class C3 (dwelling house) to form a ground floor flat. To the first floor there is a well maintained two bedroomed apartment ideal for the rental market. In accordance with the approved plans, the two storey block will consist of two ground floor self-contained apartments, both comprising open plan living kitchen/lounges, double bedroom, useful large storage room and separate bathroom. The communal entrance hall with staircase leads to the first floor where there are three self-contained one bedroomed apartments. There will be a coach-style driveway with allocated parking spaces and leading to a separate block of 3 x two storey three bedroomed townhouses. In accordance with approved plans, the living accommodation for each will consist of entrance hall with guest wc, kitchen and lounge. To the first floor there will be a landing, three bedrooms and a bathroom. Outside there will be allocated parking spaces and an enclosed garden to the rear. We feel an alternative scheme may also be considered and any enquiries should be made with Mansfield District Council. The village of Rainworth boasts an excellent range of amenities including local primary school, numerous shops, mixed housing and has excellent road network connections providing swift access onto Mansfield, the M1 Motorway and the city of Nottingham.

Tenure

Freehold. Vacant possession upon completion.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.