Land
DRAFT DETAILS ONLY.
A regular area of land (believed to be approximately 700 square metres) off Union Street and lying behind numbers 13-19, having vehicular access and presently comprising 8 lock-up garages.
The site has the benefit of outline planning consent for their removal and construction of 2 detached bungalows. It is understood that the local planning authority have informally indicated that an alternative development of 3 x 2 storied houses may receive favourable consideration, and illustrative plans have been drawn up although no formal application has been submitted.
The land is located within the village, in an established residential area. Finedon is well served by a range of amenities for day-to-day requirements and is grouped around the A6 with good transport links.
It is understood that the garages generate an income on licences at an average of £20 per month each (£1,920 per annum) with scope for increase.
The illustrative scheme of bungalow development provides for an entrance hall, cloaks/wc, lounge/dining room, kitchen, three bedrooms, one with en-suite shower and principal bathroom, both with detached garages.
Planning Details
The site has the benefit of outline planning permission granted by Wellingborough Borough Council on 17th December 2007 under application number WP2007/0714/0. A copy is available from the auctioneers on request together with illustrative drawings.
Tenure
Freehold. Vacant possession on completion.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a contract documentation charge of £395 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 14th October 2010
At Pride Park Stadium, Derby
Commencing at 11.30 am
Back-land site of about 700 square metres
Outline consent for 2 detached bungalows
Alternative proposal for 3 x 2 storied houses
Currently housing 8 lock-up garages, let under licence
