For Sale by Public Auction

Sheldon Bosley Knight is delighted to bring to the market a 3.024-acre parcel of land which includes a portion of land that offers a self/custom build development opportunity. Permission in principle is granted at land to the northeast of Banbury Road, Gaydon, CV35 0HQ in accordance with the terms of the application, Ref 22/03728/PIP. The remainder of the land is arable and has been used for agricultural purposes, but offers potential for future development, subject to planning permission.

The total site measures approximately 3.024 acres and it immediately adjoins the Built-Up Area Boundary of Gaydon and is surrounded on both sides by existing development.

The approximately 1.2 acres which is subject to permission in principle, offers proposed residential development for four Self & Custom Build Dwellings. The nature of a self-built scheme is that it will comprise of detached dwellings of varying sizes and styles, depending on the end occupiers' requirements, as each purchaser will have a primary input into the design and layout of their dwelling.

The remaining approximately 1.8 acres of arable land to the rear has been used for agricultural purposes. This land offers potential for future residential development, although there is no current or historic planning permission on the site.

Further details of this Permission in Principle can be found on Stratford District Councils Planning portal under the application reference – 22/03728/PIP.

Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 27th November at 6.00pm
Stratford upon Avon Town Hall

Planning - Application reference : 22/03728/PIP

Address: Land To The North East Of Banbury Road Gaydon

Permission: Permission in Principle for the Residential Development of land for four Self and Custom Build Dwellings at land to the north east of Banbury Road, Gaydon.

Appeal reference: APP/J3720/W/23/3336035

Appeal decision: Appeal Allowed

Appeal decision date: 14/06/2024

Location - Nestled in the heart of Warwickshire, Gaydon is a picturesque village that offers a perfect blend of rural charm and modern convenience. Known for its rich history, vibrant community, and stunning landscapes, Gaydon is an ideal location for those seeking a peaceful yet connected lifestyle. Despite its rural setting, Gaydon is well-equipped with essential services and amenities such as local schools, village store, local pub and most importantly convenient access to major road networks (M40 motorway) and public transport options makes commuting easy.

Gaydon is an ideal destination for the ever increasing workforce of nearby large scale business's such as Jaguar Land Rover Gaydon Centre and Aston Martin's state-of-the-art headquarters. The Jaguar Land Rover Gaydon Centre, situated north-west of the village of Gaydon, is one of the principle engineering centres of Jaguar Land Rover and the location of the headquarters of Land Rover. The British Motor Museum is also located on the same site. with Aston Martins HQ facility opposite.

Vat - The agent understands that the seller will charge VAT for this Lot. This will be paid on top of the purchase price.

Tenancy - The agent understands that there is a farm business tenancy on the land at present. This is for 18 months from March 2024 with a three-month notice period. The seller will service notice on the tenant within 5 business days of exchange of contracts.

Auction Terms - The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

Binding contracts of sale will be exchanged at the point of sale.

Auction Deposit And Fees - The following deposits and non-refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1320 inc. VAT

There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.

Guide Price & Reserve Price - The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).

Plans - Plans shown are for identification purposes only.

Services - The agent understands that there are no mains services currently connected to the land.

Directions - What3Words: ///select.centrally.inhales

Tenure And Possession - The property and land are freehold. Possession will be given upon completion which is normally 20 working days after the auction. Please see above note about the existing Farm Business Tenancy which will be present on exchange. Please refer to the Legal Pack for further details.

Bidder Registration And Auction Legal Pack - If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/

You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk

The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.

If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account. Following your initial registration, you will receive an SMS from LexisNexis, a company we use to verify ID and conduct an anti-money laundering check. Please click on the link within the SMS and follow the instructions to complete the check.

Legal Documents & Additional Costs - It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.

Viewings - All viewings are by appointment only through the Auction Department