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1-3 Latimer Street, Anstey, Leicester LE7 7AW

Lot no: 34 Re-entry to a future auction
 

Guide Price £350,000+ 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.

Thursday 30th November 2023

10.00am
Key Features
  • Development Site
  • Planning Granted for 11 New Build Apartments
  • Highly Sought After Location
  • 9 Car Parking Spaces
  • Ideal Build To Rent
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Re-entry to a future auction

Land

Property Description:

Development Site with Planning Permission for 11 Apartments.

A 0.17 acre plot of land with planning granted for eleven dwellings - nine x one bedroomed and two x two bedroomed with associated parking for nine cars.

Spacious apartment sizes with total accommodation amounting to 572 sq.m.

There could be scope to convert some of the one bedroomed flats to two bedrooms, subject to obtaining planning permissions.

Offering a gross development value of between £1.8m - £2m in an area perfect for private residential owners or rental.

The land is situated in the centre of the popular village of Anstey and is located in a prime location directly off the Nook in the centre of the village. Anstey has a bustling village centre with a good range of shops and offers excellent transport links and easy access to Bradgate Park.

The site would also lend itself nicely to other use classes such as supported living subject to obtaining planning consent. 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.

A superb development opportunity or excellent build to rent project.

Planning is granted and the section 106 contribution has been settled.

Ground Floor

Flat 1 - One Bed - 54 sq.m. Flat 2 - One Bed - 54 sq.m. Flat 3 - Two Bed - 66 sq.m.

First Floor

Flat 4 - Two Bed - 61 sq.m. Flat 5 - One Bed - 50 sq.m. Flat 6 - One Bed - 38 sq.m. Flat 7 - One Bed - 52 sq.m.

Second Floor

Flat 8 - One Bed - 56 sq.m. Flat 9 - One Bed - 50 sq.m. Flat 10 - One Bed - 38 sq.m. Flat 11 - One Bed - 52 sq.m.

Outside

Communal areas with nine car parking spaces and bin store area.

Please Note

PLEASE NOTE: Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is also our partner agent in the sale, and will receive part of any commission. If you have any queries regarding this, please contact us for further information.

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 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.