Land
Site of the former Sporting Ford Pub spanning approximately 0.42 acres. The pub has been demolished and the site cleared. There is currently a William Hill in occupation in a stand alone unit holding over on an expired lease with a passing rent of £5,400 per annum.
We have been advised that planning was granted in 2018 (Ref 18/00021/FUL) for 28 apartments. Further planning has been applied for in 2020 to incorporate a new retail unit for William Hill. May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
The guide and reserve are exclusive of but may be subject to VAT.
Length of lease: 999 year lease from 8th March 1972<br>Current ground rent: £100 per annum(deed of variation from 1978 which shows a £100 ground rent payable which was previously a peppercorn in the original lease). Ground rent review period: None as far as vendor is aware but please refer to legal pack Current service charge: None as far as vendor is aware but please refer to legal pack Service charge review period: None as far as vendor is aware but please refer to legal pack
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Buyers are referred to the information contained within the legal pack in relation to the Lease dated 15th March 2006 including the Court documentation. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding
Leasehold.
£100
949
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.
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 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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