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Development Site, Monument Road, Bicker, Boston, Lincolnshire PE20 3DP

Lot no: 114 Re-entry to a future auction
 

Guide Price £250,000+ plus fees

UnconditionalOn 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 21st November 2024

9.00am
Key Features
  • Residential development site
  • Outline permission granted
  • Permission for up to 8 dwellings
  • Approximately 1 acre
  • Quaint village of Bicker
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Re-entry to a future auction

Residential Development

Property Description:

Set in the quaint village of Bicker, South Lincolnshire, comes this freehold development site. Measuring just over an acre, and with outline planning for the erection of up to 8 no. dwellings a buyer can still put their own stamp on the development. The planning was granted in May 2024 and includes an allocation of 4 affordable dwellings. There is a signed section 106 agreement outlining the affordable dwellings and the conditions of how they are to be sold as First Home Units, at discounted values. Full details, and a copy of this agreement can be found on Boston Borough Council website: Planning reference: B/22/0519.

Not included in the sale, but something to consider is the adjoining 1.70 acres, currently without planning permission, and available by separate negotiation. To discuss this, please get in touch.

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 under and Unconditional sale type.

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 2.4% of the purchase price 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.