property
DRAFT DETAILS
For sale by auction - Friday 17th October 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
60 acre site suitable for a variety of uses (subject to consent)
Former Langton Colliery Site
Easy access to M1 junction 28
Rarely available opportunity
Being sold on behalf of the Joint Liquidators
An excellent opportunity to acquire a 60 acre site with the benefit of the following planning consent:
4/2007/0904: Coal recovery and reclamation scheme including woodland, scrub, dry grassland and wetland with enhanced Rights of Way network and reinstatement of employment land (approved 24 December 2009).
4/V/2011/0255: Variation of conditions 8 and 9 of permission 4/2007/0904 to revise method of working the spoil heap (approved 19 September 2011).
The land is also subject to a works licence in favour of Recycoal Limited dated 9 May 2014. The purpose of the licence for works is to allow Recycoal to complete the required restoration works associated with the above planning consents. Further details are available on request from the auctioneers.
The site is conveniently located with easy access to Derby, Nottingham, Mansfield and Chesterfield.
Tenure
Freehold.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*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.
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