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Land at 45 Union Street, Hamilton ML3 6PA

Lot no: 171 Sold Prior to Auction
 

Guide Price £38,000+ 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 30th March 2023

10.00am
Key Features
  • Prime location
  • 1.35 acres (or thereabouts)
  • Potential for development subject to planning consent
  • EPC Rating: N/A
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Sold Prior to Auction

Land

Property Description:

A freehold site extending to 1.35 acres or thereabouts, located within Hamilton along Union Street. The site is rectangular in shape with trees and shrubs (some recently cleared) and can be accessed from Union street close to the junction with Auchincampbell Road. We feel there is scope to create a residential or commercial dwelling such as apartments or a care facility subject to obtaining appropriate planning 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.

Union Street is conveniently located within walking distance to Hamilton town centre and central train station. The area offers a wide variety of local amenities for families including high-street branded retail shops, supermarkets, cafes, bistro pubs and highly regarded restaurants. Sport and recreational facilities include golf and tennis clubs, gyms, swimming baths and country parks. The area is easily accessible with great public transport services by bus or train to the surrounding villages, towns and cities including Motherwell, Strathaven, East Kilbride, Glasgow and Edinburgh. The nearby M74 motorway links provides easy access throughout central Scotland. The local primary and secondary schools are also highly regarded with private schooling on offer at Hamilton College.

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.

Note

Please be advised that the auctioneers have not personally inspected the site. The photographs illustrating the land have been provided by the seller. 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:

See Legal Pack. Vacant possession upon completion.



Auction Details

This property is located in Scotland; therefore, any sale will be governed by applicable Scottish law.

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 (Scotland).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms (Scotland).


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 3.6% of the purchase price (subject to a minimum of £4,800 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 Land and Buildings Transaction Tax.

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 and Home Report.


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.