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Old Wesleyan Chapel, Harp Yard, Kington, Herefordshire HR5 3BJ

Lot no: 39 Sold at Auction for £52,000
 

Guide Price £50,000+ 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Tuesday 29th October 2019

11.30am
Key Features
  • Freehold former Chapel
  • Lapsed planning consent for conversion to 9 Apartments
  • GDV of circa £1 million once complete
  • EPC Rating: N/A
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Sold at Auction for £52,000

Residential Development

Property Description:

The property comprises a substantial three storey former chapel that was also used as a grain store, constructed from stone with a pitched roof located beyond a quiet courtyard in an area of residential dwellings. The property has the benefit of lapsed planning permission for the creation of 9 apartments. Interested parties are advised to make enquiries directly to the Local Authority Herefordshire District Council Tel: 01432 260000.

Location

Kington is a prosperous Market town close to the Welsh border approximately 20 miles West of Hereford. The property is centrally located in the centre of the town. The immediate vicinity are a number of small retailers along with car parking and residential dwellings.

Value Added Tax

We understand that VAT will not be chargeable on this transaction.

Plans and Photographs

Please note the plans, photographs and drawings are for illustration and identification purposes only.

Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.

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.