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Land to the rear of 40 Ladywood Road, Ilkeston DE7 4NE

Lot no: 137 Re-entry to a future auction
 

Guide Price £65,000 - £75,000 plus fees

Unconditional with Variable 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.

Thursday 29th June 2023

10.00am
Key Features
  • Guide Price: £65,000 - £75,000
  • Building plot with Planning Permission Granted
  • Planning for 2 x 2 bedroom dwellings with additional study
  • Planning Reference ERE/0322/0039 Granted May 2022
  • 159 sq m of accommodation
  • Good centrally located plot with a wide range of amenities close by
  • Great transport links, including Rail, Bus and M1
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Re-entry to a future auction

Land

Property Description:

A great Building plot with planning permission granted for 2 x two bedroom semi-detached houses, with off street parking, and benefiting from an additional Study to the first floor.

The site will offers an ideal location and is set in a highly popular residential
suburb, within walking distance of local amenities and only a short drive to Ilkeston Town Centre, supermarkets, local shops, restaurants, pubs, doctors surgery, leisure centres. The site also provides easy access to The Waterside Retail Park and The Giltbrook Retail Park and Ilkeston Community Hospital. There is good access to Ilkeston Train Station, A610 and Junction 26 of the M1.


The development site is directly accessible from Kenilworth Drive. The planning provides for a 2-bedroom semi-detached, two storey house of approximately 83m², and a further 2-bedroom semi-detached house of approximately 76m². Both properties also benefit from off street parking for two vehicles with a drop kerb already in situ, and a first floor additional study of approximately 4.3m².

Planning Permission - The granted planning application no, is ERE/0322/0039 granted on
the 20th May 2022 from Erewash Borough Council. The planning documents can be downloaded by visiting the local authority website erewash.gov.uk.

Note: Completion will be 60 days from the contract date.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

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 Variable 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 fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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.