Residential Development
Development site for a block of 3 apartments.
A former public toilet block located on the corner of Market Street and Booth Street in the popular Lancashire town of Nelson. Nelson has a wide range of amenities and the site is located within the town centre.
Nelson sits approximately 25 Miles from Manchester, 10 miles from Blackburn and only 15 miles from the Market town of Skipton and the Yorkshire Dales.
The site itself was granted planning permission in August 2016 REF- 16/0567/FUL for the demolition of the toilet block and construction of a 3 storey building containing 3 self-contained apartments along with bin store and bike shed.
We are informed that water, drainage and electricity are already connected to the site.
This would make a great build to rent development with an estimated rental income of £12,500 per annum.
Once built each apartment will comprise;
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.
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