Cottage
LOCATION
Castle Donington can be found in North West Leicestershire, but is also strongly associated with Nottingham and Derby. Home to East Midlands Airport but with useful rail and road links to the rest of the Midlands, Homeowners are often commuters to one of the 3 nearby towns. The village has a wide range of shops and a growing reputation for crafts and arts.
DESCRIPTION
This opportunity lies on the edge of the thriving village of Castle Donington suitable for various usages, currently run as a bed and breakfast, including residential conversion, subject to planning permission. The property currently comprises hotel accommodation, owners accommodation, garage and car park, with some land to the rear. Planning permission has been granted (North West Leicestershire District Council 20/01248/FUL) for a change of use from bed and breakfast (C1) to residential (C3) on 20 October 2020.
The building lies within the attractive conservation area of the village which itself contains a wide selection of cafes, restaurants, gift and art shops, while benefiting from facilities missing from similar locations, such as Post Office, Chemists and Health Centre.
The main part of the building extends to two floors. Whilst there is some land to the rear which includes a car park and two car garage.
The accommodation extends to just over 3000 square feet
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s 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.
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