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Land on east side of Cell Park Farm, Millfield Lane, St. Albans AL3 8QQ

Lot no: 133 Re-entry to a future auction for £275,000
 

Guide Price £250,000+ 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.

Wednesday 31st January 2024

10.00am
Key Features
  • Three acres of freehold land
  • Suitable for a variety of alternate uses (subject to obtaining planning permission)
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Re-entry to a future auction for £275,000

Land

Property Description:

A freehold parcel of land extending three acres (or thereabouts) thought suitable for a variety of uses subject to any planning consents.

Vendor has advised that the plot sits within the prestigious private Cell Park Estate with access via a gated entrance. The incredible natural beauty of the plot has the potential for residential development with the necessary consents. Interested parties are advised to inspect the legal pack.

It is suitable for a number of uses with huge potential including residential development as well as potential for glamping/ holiday lets business (STPP).

Note

The seller advises that the plot benefits from mains electricity, water on site and mains drainage nearby. We have not independently verified and advise interested parties to make their own enquiries.

Note

Please be advised that the auctioneers have not personally inspected the land. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 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.