Plot
A freehold builders yard with planning permission for the erection of 5 bungalows located within a popular residential area close to amenities and public transport, set behind secure gates and a double width entrance.
The site extends 8,796 sq ft (or thereabouts).
The site is mainly rectangular (T-shaped) and has had most of the buildings demolished. We noted two buildings to the West of the site which could potentially be refurbished, along with an office in serviceable condition.
We noted gas and electricity supply on site (not tested) and evidence of a section of drainage appearing to be connected to the mains sewerage, although this was a brief visual inspection. We have had site of a report stating this section of drainage has been laid to record commencement of works and avoid the application of section 32.
We advise interested parties to visit the site and make their own enquiries. This includes planning reference and number KET/2018/0293 Northamptonshire Council along with inspecting the legal pack available from SDL website.
We feel the site may also be suitable for an alternate light commercial use, perhaps the creation of small industrial units/workshops or dark kitchens (subject to planning). We also note a substantial demand for parking within the area and there may be potential to create allocated parking again subject to any planning required.
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.
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 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.
