Land
This lot comprises an Unbroken Row of 8 freehold plots of land (Plots 31, 32, 33, 34, 35, 36, 37 and 38) Being Land Situated to the East Side of the Northern Approach Road, Colchester, Essex CO4 5JG.
The plots (which are the last plots owned by the Sellers and originally formed part of a larger site) are situated adjacent to the communal gardens/parking areas of the adjoining already developed attractive range of flats on Stanford Road. There has been considerable residential development carried out in the local area in the last 17 years or so. Buyers are to rely solely on their own enquiries with Colchester Council before carrying out any changes or possible alterations to the current situation or layout of the land.
Location
There is a large Asda just down the road at the busy Turners Rise Retail Park where major retailers such as Dunelm and B and M Stores are also represented. The large Colchester NHS Hospital Site is very close by and Colchester Train Station and Town Centre can be found approximately 1.5 miles away.
Colchester is a very popular Essex Commuter Town steeped in history having a direct train service to London Liverpool Street Station.
Also included in this lot is the freehold interest to the remaining land to the right hand side gardens to 184 Meltham Road Huddersfield, which is in part subject to the house lease. This lot does not include the freehold to the house.
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 £1,500 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.
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