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Land Adjacent 125, Princes Street, Mansfield, Nottinghamshire NG18 5SL

Auction Event
 

Guide Price £295,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Wednesday 17th December 2025

9.00am
Key Features
  • Development Site
  • Full Planning for Twelve x Assisted living flats
  • Close to Town Centre
  • Freehold
  • Seven Car Parking Spaces and Gardens
  • Two Storey Purpose Built Building
  • EPC Rating: Exempt
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Land

Property Description:

A freehold development site with planning for twelve x Assisted Living Apartments in a modern style, purpose build over two floors.

Planning permission was granted in September 2024 - Ref 2024/0056/FUL for a new build development comprising twelve, one-bedroom apartments, as well as staff and communal spaces for a Supported Living Scheme, with C3 (B) class use.

Internally will offer twelve x flats along with staffrooms and office space and communal room.

Externally there will be amenity space, along with five standard parking spaces and two designated disabled parking spaces.

Well located, within easy reach of local amenities and just a short distance from the town centre and its full range of amenities and public transport links.

Site could be used for alternative uses such as specialist housing, storage or commercial use, subject to planning permissions.

Draft Sales Details

These sales details are awaiting vendor approval.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Potential

May be suitable for alternative uses, subject to obtaining the necessary consents. 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.

Tenure:

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 1.2% of the purchase price (subject to a minimum 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.