Residential Development for auction in Loughborough

Description

A potential development opportunity comprising of a period detached house standing on a large plot in a highly desirable village location.

The sellers have had pre-application advice for the erection of three detached bungalows to the rear garden of the property along with renovation of the main house. Please see legal pack for more information.

The main house comprises of three bedrooms, two reception rooms, kitchen, cellar and a range of attached outbuildings.

The large plot, subject to planning, would offer 3x three-bedroom detached bungalows each with parking and a detached garage with home office above.

Tenure

Freehold

Planning

Information can be found on Northwest Leicestershire District Council Website and will be contained within the legal pack available on our website. The proposal was viewed positively in principle and the planner have quoted, ''The principle of residential development in this case is considered acceptable''. District reference: 24/01013/PAA, Highway reference: 2024/4855/07/HEN.

Occupancy

Vacant posession upon completion

Costs

Auction Details

The sale of this property will take place on the stated date by way of Live streamed 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:

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

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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

Draft Sales Particulars
These sales details are awaiting vendor approval