Land
The property comprises a roughly triangular shaped site extending to an area of about 0.65 Acres (0.26 Hectares) or thereabouts and has the benefit of planning permission for the development of 27 No. dwellings in total comprising 5 No. three bedroom terraced houses, 12 No. one bedroom apartments and 10 No. two bedroom apartments. We understand that the site was previously occupied by the former Temperance Hall Hotel and certain other commercial uses. The majority of the buildings on the site have been cleared but certain demolition/site clearance works remain to be completed.
The property is situated at the junction of Station Drive and Shrewsbury Road (A49) close to Craven Arms town centre and adjacent to Craven Arms Railway station. Other centres such as Shrewsbury, Ludlow, and Leominster are about 20, 7.5, and 20 miles respectively.
We understand that the property is Freehold. For further information in respect of tenure and any other legal aspects please refer to the legal pack.
The property is in Craven Arms and any planning enquiries should be directed to the Local Planning Authority, Shropshire Council.
We understand that Outline Planning Permission ref 14/04107/OUT for ‘Outline application (all matters reserved) for mixed residential development, all existing buildings to be demolished’ was granted by Shropshire Council on 10th August 2015 subject to conditions, a Section 106 Agreement relative to the provision of certain affordable housing and Community Infrastructure Levy and that a further Reserved Matters application ref 16/01169/REM for ‘Approval of reserved matters (access, appearance, landscaping, layout and scale) pursuant to permission 14/04107/OUT for mixed residential development of 27 dwellings’ was granted on 13th December 2016.
Interested parties must make their own enquiries of the Local Planning Authority (Shropshire Council) in respect of planning and independently satisfy themselves as to the suitability of the site for any development or use they propose.
Mains services are believed to be available within the vicinity of the property but interested parties should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.
Prospective purchasers must undertake their own investigations relative to ground conditions and contamination and independently satisfy themselves as to suitability of the site for any use or development they may propose.
Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
The property is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants etc. which may exist whether mentioned in these particulars or not.
For information on VAT and if it will be chargeable on the purchase price please refer to the Legal Pack.
External viewings only.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
