Land
*Development Opportunity*
A freehold plot of land extending approximately 0.93 acres in Middleton-In-Teeside. (Planning lapsed in 2022).
A large plot of land with an access road and mains services connected. The plot is situated in a residential area within the popular village of Middleton-on-Teeside, approximately ten miles from Barnard Castle. All necessary amenities and services can be found within the local area and a much wider range can be found within a short drive.
The plot previously had planning permission in place for five detached properties and four semi detached properties along with gardens and plenty of parking. 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.
The address on the contract is know as Firstly Land lying to the north of Meadow Close, Middleton in Teesdale. Secondly Land lying to the east of Leekworth Gardens, Middleton in Teesdale and Thirdly Land lying to the south of Hillingdon Grange, Middleton in Teesdale, Barnard Castle. Comprising of title numbers DU199146, DU133391 and DU256898. Prospective buyers are to note the title documents and plans included within the legal documents to show the full extent of the land being sold.
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 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 4.8% of the purchase price (subject to a minimum of £6,000 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.
