Land
Two freehold plots (3 and 4) which formed part of a scheme of four residential dwellings (two have been completed) offered with some groundworks started benefitting from planning consent for the creation of two x three bedroomed detached dwellings. The site is accessed off Hill Vue Gardens along a private driveway called The Sidings, within an up-market residential area. Newark Castle and Northgate railway stations are within walking distance along with Nottingham being a short drive away.
We advise interested parties to inspect the site which has already had a substantial amount of work carried out thus considerably reducing the final build cost. The planning details are available under reference 17/02249/FUL - Newark and Sherwood District Council.
We have been advised that ground works have been started and include fresh water, gas and electric ducking plus electric and water ready on site to use, brick boundary walls and pillars been built along with private road and lamp post installed. The ground has also been raised up to correct level and Plot 3 footings are in. Plot 4 already set out ready to be dug.
We advise interested parties to inspect the site for clarification as to how much work has been carried out so far and to make all necessary independent enquiries before placing their bid, as this will be binding.
The site is open for viewing at prospective purchasers convenience.
Please be advised that the auctioneers have not personally inspected the site.
These sales details are awaiting vendor approval.
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.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 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.
