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146 Dominion Road, Glenfield, Leicester, LE3 8JA

Lot no: 12 Re-entry to a future auction
 

Guide Price £300,000+ 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 29th November 2018

11.30am
Key Features
  • Development Opportunity
  • Three bedroomed detached bungalow
  • Planning Permission for two detached houses to the rear
  • Superb investment in a great location
  • EPC Rating: B
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Re-entry to a future auction

Bungalow

Property Description:

A development opportunity comprising of a three bedroom detached bungalow with planning for a further two x detached houses to the rear.

Planning permission has been granted for redevelopment of the existing bungalow and the erection of two additional dwellings. Application No.17/1570/FUL dated 1st November 2017.

This site is located close to the centre of the village of Glenfield. The village has an excellent range of local shops, to include a Co-op store, Tesco Express, schools, bus services, sporting and recreational opportunities, and is surrounded by attractive open countryside. For the commuter, Leicester has mainline rail services to London St Pancras, and the M1 is accessible at junction 21.

The existing bungalow will comprise

Entrance Hall
Cloaks W.C.
Lounge
Dining Kitchen
Utility Room
Bedroom 1
Bedroom 2
Bedroom 3
Bathroom
Ample Parking
Enclosed Gardens

New Build Plots 1 & 2 will comprise-

Entrance Hall
Cloaks w.c.
Lounge
Family Room
Breakfast Kitchen
Utility Room
Bedroom 1
En-suite
Bedroom 2
Bedroom 3
Family Bathroom
Integral Garage
Parking
Gardens

The Final development value is estimated at £900,000 - £1,000,000.
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.