Land for sale
Key information
Property description & features
- Tenure: Freehold
- Pre Auction offers are to be received by 12.00 on Tuesday 15th October 2024
- Storage Yard Expired Outline Planning Consent for 5 Apartments
- BJB Land & Development
- 0.20 acre(s)
- BJB Auction
For Sale By Auction at 6.30pm on Monday 21st October 2024
at the Double Tree By Hilton Hotel, Festival Park, Stoke on Trent, ST1 5BQ
Contact the Auction Team to Register:[use Contact Agent Button] or [use Contact Agent Button]
Rooms
Description
Town Centre storage yard with potential for alternative uses subject to obtaining the appropriate planning consent. The site has an expired outline planning consent for 5 apartments.
Location
The site is located just 0.5 miles from Burton-on-Trent town centre. Here a full range of amenities can be sources including Sainsbury's & Coopers Square Shopping centre. The A38, which bypasses the town, connects Burton to Birmingham and Derby. The A444 links traffic to Coventry and the M42 motorway and the A511 links traffic to Leicester. The town is served by Burton-on-Trent railway station, which is accessed from the bridge on Borough Road. The station is situated on the Cross Country Route between the principal cities of Derby and Birmingham.
Planning & Supporting Information.
he site has an expired planning outline consent for 'a detached building comprising 5 apartments' (Ref; P/2019/00276). A full info pack is available on request which includes the following:
- Decision Notice
- Photos
- BJB Comparable Evidence
- Plans & Elevations
NB: Whilst BJB will try and supply as much information as we can about the planning status of the land / property, please be mindful that we are not planning consultants and accordingly it is important that prospective purchasers ensure they have inspected the land / property and rely upon their own enquiries, assessments and due diligence with regards to the planning status and current or potential uses. All information is supplied in good faith and BJB cannot be held liable for any errors or omissions.
Accommodation & GDV
The proposed scheme comprises the following:
Apartment 1 - 1 Bedroom (38 sq.m / 409 sq.ft) - Est £100,000 / £650 PCM
Apartment 2 - 1 Bedroom (38 sq.m / 409 sq.ft) - Est £100,000 / £650 PCM
Apartment 3 - 2 Bedroom (64.6 sq.m / 695.3 sq.ft) - Est £135,000 / £800 PCM
Apartment 4 - 2 Bedroom (48.7 sq.m / 524.2 sq.ft) - Est £120,000 / £800 PCM
Apartment 5 - 2 Bedroom (58.1 sq.m / 625.3 sq.ft) - Est £130,000 / £800 PCM
Total estimated GDV - £585,000
Total estimated annual Income - £44,400
Any sizes / values quoted by BJB are correct to the best of our knowledge, however we would recommended all interest parties carry out their own checks before relying on any information provided.
Tenure
Freehold with vacant possession upon completion.
VAT
All prices quoted by Butters John Bee are exclusive of VAT unless otherwise stated. All interested parties should make their own enquiries to satisfy themselves with the VAT position.
Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request).
Buyers Admin Fee
A buyers administration fee of £1,000 plus VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.
Legal Pack
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website . Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.
Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.
Legal Costs
Please refer to the auction pack in respect of any legal fees or search fees which may be due upon exchange or completion.
Deposit
Please note that a deposit of 10% of the purchase price (Min £3,000) will be due on Exchange of Contracts, whether the land / property is sold prior to Auction, in the Auction room or after the Auction.
Viewings
The site can be inspected from the Public Highway – no appointment is necessary.
Disclaimer
Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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