Land
• Redevelopment opportunity with full planning permission to construct a new-build scheme of 22 apartments (18 x one-bedroom and 4 x two-bedroom units), following demolition of an existing part-built structure. Planning permission granted under two applications covering over 10,000 sq.ft in total: 22/01149/FULM and 20/01610/FULM. The completed scheme will include 9 parking spaces and cycle storage.
• City centre location close to Lichfield Train Station, with strong demand for new homes and rental apartments.
• Initial conversion works began in September 2020 and progressed to first floor level before ceasing in March 2021, when the contractor went into administration due to Covid. At the time, 12 apartments were agreed for sale at asking prices, demonstrating strong demand for entry-level and rental housing in Lichfield.
• The site has remained vacant since early 2021. Both planning applications have been implemented and remain valid, allowing construction to recommence following demolition of the existing structure.
The photographs illustrating the property are artist impressions of how the property may look.
Please be advised that the auctioneers have not personally inspected the site. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
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 under and Unconditional sale type.
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.
