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Barrack House, The Barracks, Barwell, Leicestershire LE9 8EF

Lot no: 118 Sold Prior to Auction
 

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.

Wednesday 30th September 2020

9.30am
Key Features
  • Substantial development site
  • Full planning permission for a total of 17 Houses and Apartments
  • Site Area 1,936 sq.m / 0.48 acres.
  • Situated close to the village centre
  • EPC Rating: N/A
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Sold Prior to Auction

Residential Development

Property Description:

Full Planning Permission granted for -

4 x Apartments in existing factory unit.

4 x New Build Town Houses.

9 x New Build Apartments.

Each property will have two bedrooms and the site will also include 26 parking spaces, landscaped amenity land and cycle store.

Planning Ref - 18/01266/FUL. Further information can be found on the Hinckley and Bosworth Borough Council Website - pa.hinckley-bosworth.gov.uk/online-applications/applicationDetails.do?keyVal=PJQIIWIIN0F00&activeTab=summary

We are advised that there are no pre-commencement conditions, no CIL and no S106 payments to be made prior to commencement of works and the development will contain no affordable housing.

Site Area 1,936 sq.m / 0.48 Acres.

Situated close to the village centre which offer a great range of amenities including bars, restaurants, shops, schools and parks.

Easy access to Hinckley, Leicester, Coventry and Birmingham.

The site is estimated to have a final development value of approx. £2.2 Million.

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.