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Development site at Forge Bungalow, Main Street, Cadeby, Nuneaton, CV13 0AX

Lot no: 105 Withdrawn Post
 

Guide Price £385,000+ 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 30th July 2020

10.30am
Key Features
  • Excellent development opportunity
  • Planning permission for demolition and erection of two detached dwellings.
  • Good transport links
  • Ideal project opportunity
  • EPC Rating: G
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Withdrawn Post

Land

Property Description:

A 3/4 bedroomed detached bungalow with planning permission for demolition and the erection of two spacious detached houses. Situated in a highly sought after village location. Rarely does this type of site come to the market.

The current bungalow enjoys a large plot and planning permission has been granted, on appeal for the demolition of the bungalow and for the erection of 1 x 3 bedroomed detached house and 1 x 4 bedroomed detached house. Planning Ref 19/00714/FUL. Alternatively the bungalow could be refurbished to provide a wonderful home with generous gardens.

Current Bungalow:

Reception Hall
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4 / Dining Room
Bathroom

Plot 1 Proposal:

Reception Hall
Cloakroom / WC
Lounge
Living Kitchen
Utility Room
Landing
Bedroom 1 with ensuite
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom

Plot 2 Proposal:

Reception Hall
Cloakroom / WC
Lounge
Study
Dining Kitchen
Utility Room
Landing
Bedroom 1 with ensuite
Bedroom 2
Bedroom 3
Bathroom

Outside Proposal:

Each house will have gardens and a shared driveway from Church Lane.

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.