Land
DRAFT DETAILS
A development opportunity to acquire a site with full planning permission for 10 dwellings in the north Warwickshire village of New Arley.
The site has planning permission for four x two bedroomed homes in a quad block with a further six x two and three bedroomed terraced and semi-detached houses all with two parking spaces. Permission was originally granted in 2012 by North Warwickshire Borough Council under reference pap/2012/0487. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Subsequent applications have varied the original conditions including the removal of Condition 3, previously restricting the consent to affordable housing, on 1 June 2017. Commencement of development has been established by laying of some foundations.
We estimate a GDV of circa 2.5 million with a demand within the area for new housing stock.
Buyers are referred to the document relating to Japanese Knotweed in the legal pack and should make their own investigations in this respect.
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.
Freehold. Vacant possession upon completion.
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 (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.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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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