Land
Description
Comprising an adjoining row of 6 freehold plots of land situated very close to the residential development of flats in Stanford Road. The plots can be found adjoining the communal garden & parking areas belonging to the various blocks of flats situated in Stanford Road and may have potential for a variety of different uses, subject to the buyer obtaining all prior necessary consents from Colchester Local Authority .
Location
Situated very close to the main Colchester General Hospital Site Complex, and just to the east side of the very busy A134 Northern Approach Road. The Northern Approach Road is currently undergoing a road widening which is being carried out by Specialist Contractors John Sisk & Sons as part of a multi-million pound road improvement scheme which once finished is intended to provide a new Bus Lane and a dedicated Cycling Lane giving easier fast direct access to Colchester Town Centre and Colchester Railway Station which are both approximately 1.5 miles away.
Buyers are to note that the sale of this lot includes part of the title only. The plan within the legal pack named 'Plans of Plots 17-22' shows the extent of the land offered for sale. This plan is also included in our marketing.<br><br>A Summary of Fees form has not been provided by the seller's lawyer and buyers are referred to the additional fees payable as set out within the special conditions of sale. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
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 Timed Auction 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 1.2% of the purchase price (subject to a minimum 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.
