Land for sale

For Sale By Auction at 6.30pm on Monday 25th November 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]

Description

The site consists of an area of hardstanding ground and 7 freestanding, shed type domestic garages which is located to the rear of the existing dwellings on Festival Gardens, Abbey Road and Churchill Road.
Subject to obtaining the appropriate planning consents the land has potential for residential development for which a planning appraisal has been commissioned by the client. The appraisal summarises that there is potential for 4 x semi-detached houses and is available upon request.

Location

The site is located within the well established residential neighbourhood of Arleston, Telford. Arleston is located to the north west of Telford Town centre, close to the motorway network via the M54 and approximately 4 miles from Telford Central railway station. The Telford Centre is located less than 4 miles from the subject land, where an entire range of amenities can be sourced including, Primark, Aldi & Asda Superstore.

Planning & Supporting Information

A pre-app was submitted for a terrace of 7 - 10 units comprising 7 no. family dwellings (3/4 beds) or 5 no. family dwellings and 4 or 5 smaller units of 1/2 beds. The lpa concluded:

''Officers would expect the development to be substantially reduced in scale. Entirely without prejudice and for yourself as Applicant to evidence, it may be possible that a scheme of no more than 4no semi-detached two-storey dwellings may be more appropriate.''

Following the Pre App advice, a planning appraisal was commissioned by the client which indicates a potential scheme of 4no. semi-detached dwellings inc. associated private amenity space, along with maintaining the existing access to adjacent properties.

The report summarises 'This is an underused and previously developed site in a sustainable location and in this regard, taking into account the Development Plan, the proposed scheme is considered to be compliant with both local and national planning policies and is likely to be supported by the Council subject to detailed design'

A Property information pack is available upon request and contains the following:

- Planning Pre App Report
- Planning Appraisal
- BJB Comparable evidence
- Photographs

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.

GDV & Rental Values

Based on the potential 4no. semi-detached dwellings indicated in the planning appraisal, a GDV of an estimated £900,000 may be achievable. (Approx £225,00 per unit).

Local comparable evidence suggests an estimated annual income of £48,000 is achievable. This equates to £1,000 pcm per property.

Tenure

Freehold - Subject to any existing Rights of way & Tenancies.

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.

Pre-Auction Offers

Any pre-Auction offers should be submitted via e-mail [use Contact Agent Button] All offers will be forwarded to the client for consideration, but please be aware that the majority of clients prefer to let the marketing run for a period, prior to giving serious consideration to accepting any pre-Auction offer.

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.

Internet, Telephone and Proxy Bidding

We are pleased to announce that we are now back in the Auction room at the Double Tree Hilton Hotel (Moat House). However, we also have the other bidding options available: On-Line / Telephone / By-Proxy. You will need to register in advance and provide two forms of ID. Register at or contact the Auction Team on[use Contact Agent Button] or [use Contact Agent Button]

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.

All Enquiries

Alex Djukic BSc MSc
Land & New Homes Team
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Looking for Land & Development Opportunities ?

Please note that not all land & development opportunities will appear on our website. To ensure that you do not miss out on these opportunities please e-mail: [use Contact Agent Button] or call the Land & New Homes team to discuss your requirements.

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.