Residential Development
Seven terraced properties offering good sized living space with accommodation briefly comprising two/three bedrooms, bathroom, lounge, kitchen/dining area and rear gardens. We understand the properties are currently let however we have not yet been provided with tenancy details or rental income. Further details will follow within the legal pack.
Full planning permission has been granted by Telford and Wrekin Council for the demolition of 61, 63, 65, 67, 69, 71 & 73 Mill Bank. and the erection of 8 No. 2 bedroomed and 2 No. 3 bedroomed dwellings with associated access road and parking dated 7 March 2018 under Reference TWC/2017/0655. Any enquiries should be directed to the Local Authority Tel: 01952 380380.
We understand the properties are freehold subject to tenancies. Copies of tenancy agreements have not yet been verified by the Auctioneers and further details will follow within the legal pack.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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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