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Land at 113 Wood Lane, Newhall, Swadlincote DE11 0LX

Lot no: 18 Sold at Auction for £66,000
 

Guide Price £55,000+ 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 27th July 2023

10.00am
Key Features
  • Secluded orchard with specimen trees and pond
  • Freehold Plot Extending 1.2 acres or thereabouts
  • Located to the rear of 113 Wood Lane
  • Situated in an established and sought after residential location
  • Potential garden land/paddock for neighbouring properties
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Sold at Auction for £66,000

Land

Property Description:

A rare and exciting opportunity to acquire an established and beautiful orchard, extending to 1.2 acres or thereabouts, located to the rear of 113 Wood Lane.

The freehold parcel of land has a range of specimen trees along with a pond and offers a high degree of privacy. The land may have long term development potential (subject to planning) if access were to be gained from Bretby Hollow, this would be subject to separate negotiation.

An alternative approach would be to purchase, 113 Wood Lane, currently on the market and, subject to demolition and planning, this could provide access to the land.

The orchard is situated in the context of an established and sought after location in Newhall which is positioned on the outskirts of Swadlincote and lies to the South East of Burton-upon-Trent. It is close to the A511 giving access into Burton and the A38. M1 Motorway is approximately 8 miles to the East.

Potential

May be suitable for alternative uses, subject to obtaining the necessary 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.

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.

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

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 any applicable Home Report for residential Scottish properties).


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.