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Development Site at Red Hill Farm, Spoonley Gate, Pattingham, Wolverhampton, WV6 7ED

Lot no: 50 Sold Prior to Auction
 

Guide Price £350,000+ 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 12th September 2019

11.30am
Key Features
  • Freehold residential development opportunity.
  • Approximately 3.64 acres.
  • Planning permission for four dwellings
  • Semi-rural location.
  • EPC Rating: N/A
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Sold Prior to Auction

Residential Development

Property Description:

A freehold parcel of greenbelt land extending approximately 3.64 acres benefiting from Full Planning Permission for the erection of four dwellings on a live-work scheme. We have had sight of RICS inspection giving a site valuation of £670,000, a copy of which can be found within the legal pack.

Town Planning:

Full Planning Permission has been granted by Shropshire Council for the Erection of 4 No. live-work units following demolition of former poultry houses under Reference 18/01702/FUL dated 12 June 2018. Interested parties are advised to direct any enquiries to the Local Authority Tel: 01743 258710. or Jim Demetriou at SDL Auctions

If built in accordance with the plans, the site would comprise -
Unit One:

Comprises 2,230 sq. ft. residential house with three en-suite bedrooms and work/office space of 2,100 sq. ft.

Unit Two:

Comprises 790 sq. ft. residential house with two bedrooms and work/office space of 790 sq. ft.

Unit Three:

Comprises 1000 sq. ft. residential house with two bedrooms and work/office space of 750 sq. ft.

Unit Four:

Comprises 1,700 sq. ft. residential house with three en-suite bedrooms and work/office space of 1,700 sq. ft.

Location:

The site is located in between Wolverhampton and Bridgnorth enjoying a semi-rural location.

Services:

Services are believed to be available within the vicinity of the site; however, interested parties should independently satisfy themselves as to the availability and suitability of any services for their specific requirement.

Value Added Tax:

We are advised that VAT will not be chargeable on this transaction.

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

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.

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

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.

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.