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Former Elm Tree Inn, 50 High Street, Clay Cross, Derbyshire S45 9EE

Lot no: 32 Sold After Auction
 

Guide Price £95,000+ 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 26th July 2018

11.30am
Key Features
  • Former two storey public house situated in heart of village centre
  • Lapsed planning permission for 5 x 1 bed and 1 x 2 bed duplex apartments
  • Alternative scheme may well be considered
  • Excellent freehold development site
  • EPC Rating: E
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Sold After Auction

Residential Development

Property Description:

The former Elm Tree Inn has been completely stripped to the brick and rafters and in accordance with the former approved plans the ground floor accommodation would consist of 3 x 1 bed self-contained flats, to the first floor would be a further one bed self-contained flat with a two bedroomed duplex flat arranged over the first and second floors.

This superb development site may well lend itself for alternative schemes subject to approval from the local authority.

Clay Cross is a small town which has an excellent range of amenities and is positioned directly along the A61 (former roman road) which provides swift commute onto the famous town of Chesterfield. There are excellent road network connections including the A38 and M1 motorway all within close proximity that provide swift access onto further regional business centres.

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.