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Freehold Land behind 2 Hibiscus Close, And Three Overage Clauses for the Land North West of 3-5 Elmside, Land South West of 6 Campion Way, Land north of Aster Court, Firethorn Close, Edgware, HA8 9GA

Lot no: 61 Sold at Auction for £600
 

Guide Price £500+ 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 30th April 2020

10.30am
Key Features
  • Three overage clauses
  • One freehold parcel of land
  • EPC Rating: N/A
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Sold at Auction for £600

Land

Property Description:

Overage clauses for 3 parcels of land in Edgware subject to:

5% for Land to the North West of 3-4 Elmside, Stoneyfields Lane, Edgware, HA8 9SG, as shown in plan 1.

10% for Land on the South West side of 6 Campion Way, Edgware, HA8 9GE, as shown in plan 2.

10% for Land lying to the North of Aster Court, Firethorn Close, Edgware, HA8 8GF, as shown in plan 3. We understand the plot adjacent to this land has had planning permission approved, however any interested parties must enquire direct with the Local Authority as to the likelihood of gaining planning approval for this plot.

Along with a freehold parcel of land to the rear of 2 Hibiscus Close, Edgware, HA8 9GA, as shown in plan 4. We are advised that amongst other uses, this freehold plot of land could be used for a mobile telecommunications aerial (subject to obtaining any necessary consents). Buyers are to rely on their own enquiries.

Please note the photographs shown are for illustrative purposes only.

Tenure:

We understand that the parcel of land (plan 4) is freehold. For more information on this and the overage clauses we recommend interested parties inspect the legal pack.

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.

Tenure:

See Legal Pack.


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.