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Cottage
A superb freehold residential investment opportunity to acquire a brick built three double bedroomed detached cottage, located on a rectangular level shaped plot measuring 1.38 acres (0.562 hectares) or thereabouts and which may lend itself to residential/commercial development subject to obtaining planning consent.
The property itself requires some improvement and upgrading and is mostly double glazed, gas centrally heated and in brief comprises two reception rooms and fitted dining kitchen with pantry/utility. To the first floor landing there are three genuine double bedrooms and shower room.
Outside the property is set well back from the road accessed via a shared driveway with the neighbouring property. The land is mostly overgrown with a brick built outbuilding next to the property.
Nearby businesses include Travis Perkins located within Codnor Industrial Estate and the market town of Ripley is also situated within a short commute, along with the A38 providing swift access onto Derby and the M1 Motorway.
15ft 5 x 9ft 8 into chimney recess
10ft 8 x 5ft 4
13ft 6 x 10ft 4 into chimney recess
14ft 1 into chimney recess x 13ft 5
Giving access to -
13ft 8 into chimney recess x 13ft 7
13ft 6 x 10ft 4
15ft 2 into wardrobe x 8ft 7
6ft 7 x 5ft 5
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Driveway
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.
