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Land off Mayland Road, Edgbaston, Birmingham, B16 0NG

Lot no: 26 Sold at Auction for £157,000
 

Guide Price £100,000+ 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 23rd May 2019

11.30am
Key Features
  • A freehold residential development opportunity
  • Outline planning permission granted for a single storey dwelling
  • Approx. 0.3 acres
  • EPC Rating: N/A
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Sold at Auction for £157,000

Residential Development

Property Description:

The site comprises a parcel of land extending to Approximately 0.3 Acres (0.13 Hectares) situated to the rear of properties fronting onto Mayland Road, with access adjacent to 2 Mayland Road, for which outline planning permission for the erection of a Single Storey Dwelling has been granted. The site was previously used to provide garaging and various redundant garages remain on the site and will require to be demolished to facilitate development.

Location

The property is located off Mayland Road in the Edgbaston district of Birmingham about 3 miles to the west of the City Centre.

Tenure

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.

Town Planning

We understand that that Outline Planning Permission (Ref 2018/09058/PA) for 'Outline Application with all matters reserved for erection of a single storey residential dwelling’ was granted by Birmingham City Council on 14th March 2019, subject to conditions.

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 site for any development or use they may propose.

Rights of Way, Wayleaves, Easements, Restrictive Covenants etc.

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.

Services

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.

Ground Conditions & Contamination

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.

Plans & Aerial Photographs

Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Value Added Tax

We are informed that VAT will not be chargeable on the purchase price but for confirmation please refer to the Legal Pack.

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.