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36 Wood Street, Ashby de la Zouch, Leicestershire LE65 1EG

Lot no: 3 Sold at Auction for £132,000
 

Guide Price £125,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Tuesday 22nd October 2019

11.30am
Key Features
  • Development opportunity
  • Planning permission for conversion to 3 cottages
  • Desirable and central market town location
  • Superb investment
  • EPC Rating: N/A
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Sold at Auction for £132,000

Cottage

Property Description:

The property benefits from Planning Permission Ref 19/00624/FUL and Listed Building Consent Ref 19/00625/LBC for conversion back to 3 cottages.

The building is full of character with latched doors, original wide floorboards, beamed ceilings and exposed timbers.

The house is situated only a minutes walk to the centre of the historic market town of Ashby de la Zouch. The town offers a great range of local amenities and market. The motorway network is also close by.

The new development would comprise of 3 terraced, cottage style houses each having -

Ground Floor
Open plan lounge / kitchen

First Floor
Double bedroom, bathroom, and boarded loft room.

As the property was formerly 3 houses, it could be converted back with relative ease and with no major building works. The property was re-roofed in 2012 with Completion Certificate issued.

Estimated rental value once finished - £18,000 per annum.

Estimated resale value once finished - £360,000.

The property currently comprises -

Ground Floor

Reception Hallway
Utility Room 2.90m x 2.54m
Cloakroom- Toilet and sink.
Inner Lobby
Kitchen 3.27m x 2.34m
Sitting Room 4.07m x 3.55m
Lounge / Diner 6.38m x 3.36m

First Floor

Large Landing
Bedroom 1 4.17m x 3.53m
Bedroom 2 4.02m x 3.56m
Bedroom 3 3.46m x 2.85m
Bathroom 3.43m x 2.80m

Second Floor

Loft Room 1 4.54m x 3.00m
Loft Room 2 4.96m x 2.11m
Loft Room 3 4.96m x 1.96m

Tenure:

Freehold.


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.