Land for auction in Birmingham

Description

3 separate parcels of land located to the east of the M42/M6 Toll (junction 9) and within and west of a light industrial park. The largest parcel extends to 0.1 acres (4,159 sq ft) and comprises hard standing located within a light industrial site.

The plots are located within/adjacent to Jack O Watton industrial estate, which is conveniently accessed via the adjacent A446 and the nearby M42 and M6 Toll.

Site Area

Approximately 0.101 acres (4,382 sq ft)

Tenure

Freehold

Planning

For any pre-application advice, interested parties should consult directly with the Local Planning Authority: North Warwickshire Borough Council, Council House, South Street, Atherstone, Warwickshire, CV9 1DE. Telephone: 01827 715341. Email: planningcontrol@northwarks.gov.uk

Occupancy

Vacant posession upon completion

Costs

Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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.

General

Clawback Provision:
The lot is sold subject to a clawback provision that states for 25 years, should planning permission be granted which results in an uplift in value, National Highways will be eligible for 30% of that uplift. Further details can be found within the legal pack.

Encroachment:
We understand that the northern parcel is being encroached upon, being used for car parking.