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51 Cordy Lane, Brinsley, Nottinghamshire NG16 5BY

Lot no: 32 Sold at Auction for £286,000
 

Guide Price £250,000+ 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.

Wednesday 26th July 2017

11.30am
Key Features
  • Large former Public house / Restaurant
  • Freehold development site in popular village location
  • Planning permission for 3 x 4 bedroomed detached dwellings
  • Well positioned for the M1 motorway and A608
  • EPC Rating: N/A
  • Planning Reference Number : 17/00231/OUT
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Sold at Auction for £286,000

Land

Property Description:

DRAFT DETAILS - AWAITING VENDOR APPROVAL. The former public house/restaurant sits on a generous sized plot located in the popular village of Brinsley which has an excellent range of amenities and is well positioned for the M1 motorway and the A608. Excellent investment opportunity.

If built in accordance with the approved plans the Type D properties are positioned are positioned to the left and right of the site and consist of four bedroomed detached with integral garage with gross internal floor area of 125 square metres/1,345 square foot. The ground floor external footprint is 100 square metres.

House Type B which will be located in the middle is a four bedroomed detached with integral garage with gross floor internal area of 110 square metres/1,184 square foot. Gross floor external footprint is 76 square metres.

Tenure:

Freehold. Vacant possession upon completion.


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.