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Land
A rare opportunity to acquire a parcel of land on the outskirts of Brinsley village in Nottingham, on the edge of the current Local Plan area.
This site has huge potential for future planning development due to its location and close proximity to the village and current dwellings. There is no current planning in place and the current owners have not looked to apply for any but general consensus has been that there could be huge potential in the future.
Prospective bidders are advised to make their own enquiries for any potential development of the site
This parcel of land is currently generating an income of £1,400 per year as an agricultural small holding.
Please Note: Viewings - The land can be viewed from the road, there are currently horses stabled on the land so please don't walk onto it without being accompanied.
We have been informed the land can be viewed from the road, there are currently horses stabled on the land so please do not walk onto it without being accompanied.
We are advised that there is an overage deed in place over the property in favour of Greene King Limited requiring a 35% uplift payment to be made upon the implementation of a planning permission for development or the sale of the land with the benefit of planning permission for development. A buyer will be required to enter into a deed of covenant with Greene King Limited to comply with the overage.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of £4,800 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.
