Lot 38 - Land at Charles Street, Tylorstown, Ferndale, CF43 3AE

  • Unconditional Online Auction Sale
  • Guide Price* : £46,000+

LOT 38 - Land and 52 Overage Provisions

Description

ONLINE AUCTION from 13th DECEMBER-15th DECEMBER

Remaining area of Land with overage provisions to 52 plots. The site sits on part of a former housing estate and has lapsed planning permission for residential development. The site was divided into 52 plots which have now been sold to include a 50% uplift upon planning permission being granted. This entitles the buyer to a 50% uplift should planning permission be granted in the future

The village of Ferndale benefits from an excellent range of local amenities, shops and schools at both primary and senior level. There are good road links to Pontypridd and the A470 to Cardiff and the M4.

Outline Planning: Outline planning permission was granted for a residential estate on Ref: 05/1769/13 but has since lapsed. Outline planning permission was also granted to build in stages on Ref: 05/1088 but has since lapsed.

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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