Lot 48 - Land off, Chestnut Close, Machen, Caerphilly, Mid Glamorgan, CF83 8LF

  • Unconditional Online Auction Sale
  • Guide Price* : £170,000 +
  • Bedrooms: 0

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Development Opportunity

Description

ONLINE AUCTION from 1st - 3rd February 2022

Two Freehold Sites extending to a total site area of approximately 1.8 acres. Planning permission for the construction of Four Dwellings on part of the site (now lapsed). To be offered collectively as one lot.

The current owner, acquired the plot in 2018 to build a property for himself however, his business interests have since taken him away from the area and is now wishing to sell. Initial enquiries, reports and initial new design and plans to build 4 properties on the land are included with the sale.

The land is situated in a highly sought after area of Machen and is close to all local amenities.

Machen is approximately 3 miles from the Town of Caerphilly and within 10 miles of Newport City Centre, both offering a wide range of amenities, supermarkets and restaurants.

Planning We are informed by the seller that part of the site had planning permission for four dwellings under two separate consents.

1) Permission 12/0005/NCC (renewal of P/05/0391) for one dwelling which expired 18th July 2018

2) Permission 12/0096/NLL (renewal P/06/0590) for three dwellings that expired 6th August 2017

VIRTUAL TOUR

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 of 1.2% of the purchase price (subject to a minimum of £975) 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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