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298/298a Moston Lane East, Oldham, Manchester M40 3HZ

Lot no: 78 Postponed
 

Guide Price £340,000+ 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.

Tuesday 5th September 2023

10.00am
Key Features
  • Part developed semi-detached property
  • Planning permission granted and work commenced for change of use
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Postponed

Semi-detached house

Property Description:

Part developed semi-detached property with planning permission granted and work commenced for Change of use from dwelling (use class C3) to transitional social care (use class C2) including erection of single storey side and rear extensions and first-floor rear extension.

Located on Moston Lane East in the Chadderton, New Moston borders, the property has been stripped back and ready for completion and installation of the relevant fixtures and fittings. Originally two self-contained dwellings the main building fronting the road is a traditional bay fronted semi with a semi-detached bungalow built at the rear.

The planning was approved on 17th February 2023 ref: FUL/350209/22 by Oldham Council.
Planning Use Class C2 includes residential accommodation with elements of care being provided to people in need of it, residential schools, colleges or training centres, hospitals, and nursing homes. Change of use from class C2 can be made under permitted development rights to a state-funded school (and back to previous lawful use), subject to the prior approval process.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Tenure:

Leasehold. 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 £7,200 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.