Land
The site comprises a parcel of land situated off George Street in New Arley, extending to about 0.55 Acres (0.22 Hectares) or thereabouts for which planning permission was originally granted in 2012 for the development for the erection of 10 No. dwellings together with associated landscaping, parking and access arrangements.
The property is located off George Street in New Arley in a predominantly residential locality. Other centres such as Coventry, Atherstone, Nuneaton and Coleshill are about 8.5, 6.5, 5 and 8 miles respectively whilst the Motorway network can be accessed via Junction 3 of the M6 Motorway which is about 7miles.
We understand that the property is Freehold. For further information in respect of tenure and any other legal aspects please refer to the legal pack.
Certain mains services are believed to be available within the vicinity of the property but interested parties should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.
Prospective purchasers must undertake their own investigations relative to ground conditions and contamination and independently satisfy themselves as to suitability of the site for any use or development they may propose.
Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
The property is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants etc. which may exist whether mentioned in these particulars or not. In particular we understand that there are certain access rights etc. over an element of the site facilitating certain adjacent properties and the land is sold subject to any such rights as may exist.
The property is situated in New Arley and any planning enquiries should be directed to Local Planning Authority, North Warwickshire Borough Council.
We understand that Planning Permission Ref. PAP/2012/0487 for 'Erection of 10 dwellings together with associated landscaping, parking and access arrangements was initially granted by North
Warwickshire Borough Council on 27th November 2012 subject to conditions. We understand that this then was subject to an application to vary conditions Ref. PAP/2015/0161 granted by the Council on 22nd April 2015 and that a further application to vary conditions Ref. PAP2017/0212 was granted on 1st June 2017.
Interested parties must make their own enquiries of the Local Planning Authority (North Warwickshire Borough Council) in respect of planning, confirmation as to the status that the various planning permissions and independently satisfy themselves as to the suitability of the site for any development or use they may propose.
We are informed that VAT will not be chargeable on the purchase price but for confirmation in respect of this please refer to the Special Conditions of Sale in the Legal Pack.
External viewings only
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.
