Lot 55 - Plot 2, Sturmer Road, New England, Essex, CO9 4BD

  • Unconditional Online Auction Sale
  • Guide Price* : £5,000
  • Bedrooms: 0

Lot 55 - Development Opportunity

Description

ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY

Located in a fantastic central location, the property is located on the A1017 connecting the counties of Cambridgeshire, Suffolk and Essex.

This plot could be used for storage or business/industrial use subject to planning.

We believe there is an opportunity for the construction of a high quality, luxury home, for owner occupier or to build and sell on/ rent out. Our vendors have had plans drawn up for a four bedroom detached property along with CGi imagery showcasing the size of the house that could be built, subject to planning.

The style and finish of the house could be amended to your needs or preferences. Early engagement with the council has been made and a positive response to construction of a dwelling subject to all the information and surveys/planning application being put in. A new high quality four bedroom detached property would be worth in excess of 750k GDV.

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Please Note: Photos are for indicative purposes only. Please refer to legal pack.

Tenancies

To be sold with vacant possession

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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.

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Open for inspection

Office Contact

Sean Roper
01633254044

Documents

Legal Documents

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Auction Finance

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.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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