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Land on the South Side of 77 Old Road, Bromyard, Herefordshire HR7 4BQ

Lot no: 116 Sold Prior to Auction
 

Guide Price £160,000+ 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 26th November 2020

10.30am
Key Features
  • Freehold development opportunity
  • Site area approx. 0.73 acres
  • Predominantly residential location
  • EPC Rating: N/A
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Sold Prior to Auction

Land

Property Description:

The site comprises a broadly rectangular shaped site fronting onto Old Road having a site area of circa 0.73 acres.

Location

The site, which is located in the historic town of Bromyard, is situated fronting onto Old Road, within a predominantly residential location, approximately ¼ mile to the west of the town centre. Other centres including Worcester, Great Malvern, Kidderminster and Hereford are located 15, 12, 21 and 15 miles respectively from Bromyard, whilst Junction 7 of the M5 Motorway is 17 miles to the east.

Planning

The property is situated in Bromyard and any planning enquiries should be directed to the Local Planning Authority, Herefordshire Council. We do however understand that Planning Permission (Reference Number P143013/F) for ‘proposed residential development consisting of 6 no. new detached dwellings’ was granted by Herefordshire Council on 27th November 2014.
Interested parties should make their own enquiries of the Local Planning Authority and independently satisfy themselves as to the suitability of the site for any development.

Services

Certain mains services are understood to currently be available in the vicinity of the property, but prospective purchasers must independently satisfy themselves as to the availability of suitable services to provide for any particular requirement or the development they propose.

Ground Conditions & Contamination

Prospective purchasers should undertake their own investigations relative to ground conditions and contamination and independently satisfy themselves as to suitability of the site for development.

Value Added Tax

For information in respect of VAT, please refer to the Special Conditions of Sale in the legal pack.

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.