Residential Development
Current planning permission gives 27x large two bedroomed, luxury apartments. 21 in the existing building and 6 in a new build to the rear. Planning Ref 16/00818/FUL.
The apartments would all have parking and a superb central atrium area.
Hinckley and Bosworth Council are in favour bringing the building back in to use as residential and have been very flexible with the planning. The vendor also has a letter from the Council showing their approval for converting the new build from six x two beds to twelve x one bed apartments making the total 33.
The vendor also has plans drawn to provide 30 two bedroom apartments on the main site and 12 one bedroom apartments in the newbuild making a total of 42 which again we are informed the Council are happy with in principle. The apartments would have balconies and secure parking.
There is also further scope to add penthouses on the rooftop which would have far-reaching views and their own outside space.
The development would make one of the best ever seen within the town. The site is an iconic building in the town centre of Hinckley. There are superb views from the upper floors.
Located directly in the town centre and next to the new Crescent development which houses a cinema, Sainsburys and numerous bars and restaurants.
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.
