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ONLINE AUCTION from 30th JANUARY-1st FEBRUARY
A parcel of land located in the village of Gelli. The site is situated in a primarily residential area, and is within close proximity to agricultural/grazing land
The site is currently tenanted by a number of tenants and is comprised of paddocks and allotments, and is achieving an annual income of £1,239
We have been advised that the land totals approximately 1.56 acres
Subject to the relevant consents the land may be suitable for further development.
Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
---|---|---|---|---|
Parcel | Description | Start Date/End Date | Annual Rent | Area (acres) |
1644 | Paddock East of 1 Kennard Street | 1st October 2011/Monthly rolling | £150 | 0.30 |
152 | Allotment east side of 87 Kennard Street |
1sr August 2022/Monthly rolling | £88 | 0.11 |
234 | Allotment east of 15 Wyndham Street | 1st August 2023/Monthly rolling | £65 | 0.06 |
155/226 | 2 allotments west of incline | £70 | 0.09 | |
1122 | Paddock west of incline | 1st April 2006/Monthly rolling | £320 | 0.45 |
148 | Allotment west side of incline east end of Kennard Street |
1st March 2023/Monthly rolling | £76 | 0.09 |
154 | Allotment adj No.152 | 1st August 1995/Monthy rolling | £180 | 0.21 |
229 | Allotment west of incline | 1st March 2019/Monthly rolling | £90 | 0.11 |
233 | Allotment west of incline | 1st July 2019/Monthly rolling | £70 | 0.08 |
1327 | Allotment west of incline | 1st April 2005/Monthly rolling | £60 | 0.06 |
1154 / 1507 | Garage Site | TBC | £90 | Edit |
To be sold tenants in situ
Advised Freehold - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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