Land
A substantial development site situated in a quiet tucked away location but close to an excellent array of amenities including shops, park and schooling.
The area is popular with professional and families due to the good range of amenities and the easy access and regular bus links to the City Centre.
Planning permission is granted for 3 x two bedroomed apartments and 9 x two bedroomed houses with associated gardens and parking.
Planning Ref- 17/00958/OUT for the erection of 9x two bedroomed houses to the rear of 68 Telford Way.
Planning Ref- 16/00464/OUT for the erection of a block of 3x two bedroomed flats on land to the side of 68 Telford Way.
Our opinion is that due to the size of the site there is potential to increase the number of houses and apartments subject to permissions.
If the proposed scheme were to be utilised we estimate the final build value to be around £1.5million.
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.
