Residential Development
Fantastic opportunity to purchase a parcel of land with planning permission granted for the erection of 13 dwellings with associated landscaping and parking. The location of the proposed development is situated within 2 miles of Birmingham Heartlands Hospital, Stechford Leisure Centre, Yardley Swan Shopping Centre and the rail and road network for commuting.
Planning permission was granted by Birmingham City Council on 28th July 2020 for the erection of 13no. dwellings with associated landscaping and parking under planning reference: 2019/06837/PA
If built in accordance with the existing planning permission the development would comprise:
3 x four bedroomed properties approximately 1450 sq.ft
1 x four bedroomed property approximately 1320sq ft
5 x three bedroomed properties approximately 1100sq ft
4 x two bedroomed maisonettes approximately 700 sq ft
Each dwelling will be provided with a large private garden and shall be provided with at least 2 parking spaces. Each apartment shall be provided with 1 parking space. There is also allowance for 2 visitor bays for the Apartment block.
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.
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.
