Land
A former Mill with planning consent for the creation of 18 Dwellings. The site itself extends 7720sqm (1.908 acres) or thereabouts.
The planning permission reads: 2020/0068/FUL | conversion/alteration and refurbishment of existing structure to create two no. cottages, one flat and one maisonette, erection of fourteen new dwellings within three blocks, erection of bin store building, retaining wall and associated parking areas, access and turning area. Interested parties are advised to inspect the Mansfield District council planning portal and the auction pack available on the SDL Property Auctions website.
The site falls within the district of Mansfield in Nottinghamshire, to the northwest of Mansfield Town Centre (less than half a mile away). Within the emerging Mansfield District Local Plan 2013—2033 which has now been independently examined, the site lies within the urban boundary of Mansfield.
Mansfield is a market town with a highly industrial past owing to its coal mining and textiles history.
The site itself lies to the north and set back from Ravensdale Road, a main road which leads eastwards out of Mansfield Town Centre. Access to the site is via Ravensdale Road and along the eastern side of the access road, the land rises sharply towards private allotments and houses and to the western side, it drops quickly down to the bank of the river Maun.
These sales details are awaiting vendor approval.
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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 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.
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