Residential Development
A building plot (126 sq ft) in the sought after location of Mapperley Park with full planning permission for a two bedroomed dwelling with potential change of use subject to planning.
The building plot sits within the development of 5 flats which have been built, with gas, water and electric already on the site, and the use of the communal car park and entrances within the main development.
Architects Raynor Davis designed a 2 bed unit with a GIA of approx 92 sq meters on the 126 sq meter plot. Planning permission 03/02628PFUL3 covers the development as a whole and was implemented in 2004. The development shares common car parking (defined spaces) with electric gates, entry system, and outside lighting. The 6th supply for Mains Gas, Water and Electricity is laid to the basement storage area of the main house.
The plot is currently offered on a 999 year leasehold, but on the sale of the land the freehold will be transferred to the Management Company. Each of the 6 leaseholders (including the land) will have a separate and equal share of that Company. Please see the legal pack for further information.
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.
Leasehold.
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.
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