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Land at Lockwood Road, Allestree, Derby DE22 2JD

Lot no: 119 Re-entry to a future auction
 

Guide Price £37,000+ 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 25th April 2024

9.00am
Key Features
  • Rectangular shaped freehold parcel of land 20m in depth
  • Potential alternative use as caravan / builders yard / allotment land
  • An impressive 10m road frontage
  • Well regarded and established residential location
  • Excellent nearby amenities
  • Short commute to Derby City Centre and the A38.
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Re-entry to a future auction

Land

Property Description:

An exciting freehold opportunity to acquire a rectangular and level shaped parcel of land, located to the rear of number 1 Ash Close, enjoying a highly sought after location.

Interestingly the site has an impressive 10m road frontage to Lockwood Road, and 20m depth and may lend itself to alternative uses, such as caravan storage, builders yard and allotment.

Allestree is one of Derbys most sought after suburbs, boasting an excellent range of shops, well regarded primary and secondary schools, recreational facilities and excellent road network connections providing easy access to Derby City Centre and the A38.

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.

Planning Information

PLEASE NOTE: We have been notified by a third party that planning consent for residential development may have been declined. We as auctioneer have been unable to confirm this. The image of the residential dwelling on the land that was previously included in our marketing was an artistic impression and for illustrative purposes only. It was not a guarantee that planning permission has been granted for residential development. Prospective buyers must make their own independent enquiries in this respect prior to bidding, and accept that any bid placed 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.