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Land at 12 & 12A Avenue Road, Chesterfield, S41 8TA

Lot no: 167 Sold Prior to Auction
 

Guide Price £475,000+ plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.

Thursday 26th November 2020

10.30am
Key Features
  • Development Site Approx 0.94 Acres
  • Currently Two Substantial Properties
  • No Plans Formerly Considered by Council
  • EPC Rating:
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Sold Prior to Auction

Residential Development

Property Description:

A site measuring circa 0.94 acres located to the
south of Avenue Road within the Whittington Moor District of Chesterfield. The site is located approximately 4 miles north east of Chesterfield Town Centre. The site is currently occupied by 2 substantial detached dwellings, namely 12A Avenue Road and Avenue House. Both dwellings are under the same
ownership and benefit from direct access off Avenue Road.
The site is bound by recently constructed residential properties to the western and south western boundaries. The eastern
boundary is predominantly bound by commercial uses. There a number of established trees to the northern, western and eastern boundaries. The site is generally flat with no significant falls in ground levels. Whilst the site does not benefit from any
extant planning consents the current owners have commissioned an architect to draw a scheme showing how the existing site could be development by way of demolishing the
two existing residential dwellings. The scheme produced demonstrates how 13no, 3 bedroom dwellings, set over 2 floors could be sited on the plot. The development is structured around a single shared cul-de-sac, with all dwellings benefitting from rear gardens measuring circa 10-12m. Given that the proposed plans have not been formally considered by the Council as part of a planning application all prospective
purchasers are advised to speak directly to Chesterfield Council regarding any development proposals.

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 Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.