Land
The property comprises an irregular shaped parcel of land adjacent to the Grand Union Canal and Wood Brook, having a gross area of about 0.24 acres (0.1 hectares) or thereabouts, which has previously been used as a Canal Maintenance Yard.
The property is located off Canal Bank, in the popular University Town of Loughborough, about 0.5 miles to the north west of Loughborough Town Centre.
We understand the property is Freehold and is to be sold subject to certain overage provisions. 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 the purchaser will need to provide services to the property and should independently satisfy themselves as to the availability of any mains services for their particular requirements.
Any plans and 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.
The property is situated in Loughborough and any planning enquiries should be directed to the Local Planning Authority, Borough of Charnwood.
Interested parties must make their own enquiries of the Local Planning Authority in respect of planning and independently satisfy themselves as to the suitability of the property for any use or development they propose.
We are informed that VAT will be chargeable on the purchase price.
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.
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