Land
Comprising 6 freehold adjoining land plots ( which originally formed part of a much larger area of land ) which are being sold all together as 1 combined auction lot.
The adjacent area has been redeveloped into a series of attractive modern residential blocks of flats within the last 17 years or so.
Buyers will be responsible for obtaining all necessary planning prior consents from Colchester Council before carrying out any changes to the layout or alterations to the plots hereby being sold at auction.
The current owners have already paid for the overgrown weeds and brambles that were previously on the land to be cut back and neatly strimmed by specialist local gardeners Oliver Law at Man -V- Weeds in Colchester.
Location
The plots are located on land between the A134 Northern Approach Road and Stanford Road. The Northern Approach is currently undergoing a road-widening scheme (by specialist contractors John Sisk & Sons) (as part of a multi million pound transport infrastructure improvement & investment scheme) which once finished will add dedicated cycle & bus lanes which will further enhance the journey times to Colchester Town Centre and Colchester Train Station which are approximately 1.5 miles or so away from the land plots.
Nearby the local Asda, B&M and Dunhelm are located just down the road in the Turners Rise Retail Park. Colchester General Hospital is also only a few minute's walk away accessible via the convenient Barton Boulevard public passage and footway.
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.
