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The Old Smithy, Hungry Lane, Weeford, Lichfield WS14 0PR

Lot no: 150 Sold Prior to Auction
 

Guide Price £140,000 plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 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 Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 25th August 2022

10.00am
Key Features
  • Detached Barn
  • Planning permission reference 21/01798/FUL
  • Rural Location with Woodland
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Sold Prior to Auction

Land

Property Description:

DRAFT DETAILS - awaiting vendor approval


Looking for your own rural escape within a large plot including a woodland? Well this really is a development opportunity with a difference! Sitting on Hungry Lane in Weeford, with superb access to the A5 and A38 alike, this property really could be something special! Sitting in a large plot with views over a vast neighbouring pond and coming with its own woodland, this is a must view for anyone wanting a rural spot. Planning permission (reference 21/01798/FUL) has been passed via Lichfield District Council for a detached two bedroom barn conversion with en-suite, bathroom, kitchen and living room with doors opening out to a garden. There is a private garden area, and that spacious wooded area at the bottom of the plot.


Please note, a local bee keeper currently has a number of beehives situated within the woodland and a right of access to the bee hives is to be retained for the next 3 years. The highways agency have a right of access through the gates off Hungry Lane for access to the pond sitting in front of the property, whilst the owner of The Old Smithy also enjoys the right of access through the gates for access to the property. Prospective buyers are referred to the legal pack for further information, including confirmation of the extent of property boundaries, and are advised to make all necessary independent enquiries prior to placing their bid, as this will be binding.

Where we have not inspected

Please be advised that whilst our partner agent has conducted an inspection, 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.

Tenure:

Freehold. Vacant possession upon completion.



Auction Details

The sale of this property will take place on the stated date by way of Timed Auction 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.