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Garages at Morris Street, Eastgate, Peterborough PE1 5DX

Lot no: 104 Re-entry to a future auction
 

Guide Price £67,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 24th November 2022

10.00am
Key Features
  • Planning for creation of three dwellings (21/01579/FUL)
  • The site extends to approximately 2,023 sq.ft
  • Currently configured as three single storey garages
  • Prime residential location
  • EPC Rating: N/A
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Re-entry to a future auction

Garages

Property Description:

DRAFT DETAILS

The site comprises three single storey garages with land to the side and rear, benefitting from recently granted full planning consent for the creation of three dwellings, valid for 3 years from 14th January 2022. Planning number 21/01579/FUL. The site extends approximately 2,023 sq.ft.

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.

Location
The site is located on Morris Street, a predominantly residential area less than a mile from Peterborough train station and a stones throw away from the new University.

Services
Services are believed to be available within the vicinity of the site however, interested parties should independently satisfy themselves as to the availability and suitability of any services for their specific requirement.

Tenure:

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.