Land
FOR SALE BY AUCTION - THURSDAY 11TH SEPTEMBER 2014
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
Situated at the lower end of Cotmanhay Road, a cleared, well enclosed site with the benefit of planning permission for the erection of a detached block of four flats with associated parking and landscaping.
If constructed in accordance with the approved drawings, the building will have three floor accommodation and each flat with contain
Entrance Lobby
Lounge
With Open Plan Kitchen area.
Two Bedrooms
Bathroom/wc
Flat Three will be constructed partly over an under-croft providing access to the rear of the site for parking/turning and bin store.
It is considered that on completion the property is capable of becoming an excellent high yield investment.
Planning Details
The site has the benefit of detailed planning consent granted by Erewash Borough Council under reference ERE/0213/0021 dated 27th March 2013. A copy of the consent and approved drawings are available from the auctioneers upon request.
Vendors Solicitors/Licensed Conveyancers
Geldards, The Arc, Enterprise Way, Nottingham
Tenure
Freehold. Vacant possession on completion.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers contract handling fee of £750 (inc VAT) payable on the fall of the hammer.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
FOR EPC’S AND LEGALS PLEASE SEE THE WEBSITE
WWW.GRAHAMPENNY.COM
A cleared level site in residential location
Planning consent for new build containing four flats
Self-contained, two bedroomed accommodation with parking
Convenient for local facilities
