Land
DRAFT DETAILS - AWAITING APPROVAL
A freehold residential development plot in a busy residential location with outline planning consent for a detached two storey residential property with associated access.
The site is located in a busy residential area of Cotmanhay on the corner of Bridge Street and Cotmanhay Road. It is close to local amenities, schools, public transport and road network links.
Outline planning consent was granted by Erewash Borough Council on 12th March 2020 under reference ERE/1119/0017. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
Please note that the adjacent plot sold previously has the responsibility to construct the shared driveway, associated parking and fencing which the plot being offered in our auction benefits from, saving hugely on the cost of groundworks. For further information please contact the auctioneers.
Please be advised that the auctioneers have not personally inspected the site. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
