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Land Adj. to Mulberries, Potter Hill Road, East Collingham, Newark, Nottinghamshire NG23 7PY

Lot no: 101 Postponed
 

Guide Price £180,000+ 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 26th January 2023

10.00am
Key Features
  • Land approaching two acres
  • Popular location
  • Close proximity to village and train station
  • Approximately five miles from Newark
  • EPC Rating: Exempt
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Postponed

Land

Property Description:

A level plot of land approaching two acres in desirable location.

An opportunity to purchase a site extending to just under two acres in a popular and convenient location.

The site its in a quiet location on the edge of a lovely village which is well serviced with local amenities including shop, Post Office, Medical Centre and sports facilities.
It is within walking distance of the train station and gives easy access to the A46.

The site offers great amenity or equestrian use and may offer scope for residential development, subject to planning permissions.

Planning permission was gained in 2005 for a Stable Block, Workshop and Barn but this planning has now lapsed. Planning permission for a development of 29 properties was declined in 2017. Please note there are no connections to any services connected to the land. Prospective buyers are advised to make all necessary independent enquiries prior to 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 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.