Land
DRAFT DETAILS
Freehold land with planning permission for the erection of a five storey, mixed-use building consisting of one no. commercial units at lower ground floor and fourteen no. apartments at ground, first, second and third floor. The site is located in a prime position within Oldham’s cosmopolitan centre, close to a host of convenient shopping amenities as well as popular leisure attractions such as Odeon Cinema and Oldham’s famous Coliseum Theatre. Royal Oldham Hospital is also located close-by, providing significant employment to the region, as too are many well regarded schools and education centres. Both rail and road links are excellent, with convenient access into Manchester, Leeds and Sheffield. The immediate area is also serviced by way of a regular bus network. Further planning information can be found in the legal pack or directly with Oldham Council.
Planning application numbers: PA/342113/18, all the conditions have been discharged on the application number PA/345292/20 and CND/345623/20.
Please be advised that the auctioneers have not personally inspected the land. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
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 Conditional with Reservation Fee (England and Wales).
Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Fees
The following non- refundable auctioneers fee applies:
• Reservation 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 Reservation 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.
