fbpx
My Favourites
Free sales valuation
To register for remote bidding in our next National Property Auction click here

7 Peel Road, Warwick, CV34 5ET

Lot no: 34 Sold After Auction
 

Guide Price £230,000+ 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 18th July 2019

11.30am
Key Features
  • Residential Development Opportunity
  • Planning Permission Granted
  • Close to Local Amenities
  • Corner Plot
  • EPC Rating: G
Add to favourites
Sold After Auction

Semi-detached house

Property Description:

A fantastic residential development opportunity in Warwick located within walking distance of Warwick Hospital and train station. The former shop and accommodation now has approved planning for two apartments and a two storey house. It occupies a corner plot and has a garage, which could offer further additional development.

The property comprises:

Ground Floor
Front Retail Space
Hallway
Access to Cellar
Extended Retail Space
Kitchen
Living Room
First Floor
Three Bedrooms
Bathroom
Office
Outside
Parking to Front
Double Garage to Side
Rear Garden
Plans & Aerial Photographs

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

Town Planning

We are informed that that Planning Permission for ‘Alterations and extension of existing property to provide 2 no. flats in existing (formerly one shop and one residential unit) and 1 no. new dwelling to extension’ was granted by Warwick District Council on 11th June 2019 subject to conditions under Reference Number W/19/0494.

Interested parties must make their own enquiries with 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.

Tenure:

Freehold.


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.