Land
A former car park on the corner of Mill Street and Horseley Heath.
We understand that the site extends to some 1,311.40 sq.yds (1,096.50 sq.m.) or thereabouts.
We understand that the land is Freehold and vacant possession will be given upon completion.
The land may be suitable for residential development to accommodate either an all housing scheme of 7 dwellings or a housing and apartment scheme consisting on 9 dwellings, subject to obtaining the necessary planning consents. Sandwell Metropolitan Borough Council have issued a Planning Statement to illustrate the potential for residential redevelopment, which includes indicative, non-prescriptive layouts, and this can be inspected either online within the legal pack or alternatively at the Auctioneers offices. It must be emphasised however that these schemes are only indicative and other options in accordance with the design principles would be considered on their merits. For any planning enquiries, contact Ceri Phillips at Sandwell Metrpolitan Borough Council on 0121 569 4128.
Mains services are understood to be available in the vicinity of the property, but prospective purchasers should make their own independent enquiries as to the suitability of services for their particular requirements.
Prospective purchasers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.
Any plans 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.
1. Please note that no offers will be accepted prior to the Auction.
2. In addition to the purchase price, the purchaser will be required to pay the Council's legal fees. (Please refer to the legal pack for further details).
The site is open for viewings.
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 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.
