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Land for sale

Land at Ratclife Street, Darwen, Lancashire BB3 2BZ

Guide Price* £138,000

Property Description

Key features

  • Excellent Location
  • Residential Development Opportunity
  • Outline Planning Permission for 8 Dwellings
  • Level Land
  • EPC Rating:

Full description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Ainsworth-Lord Estates

Land For Sale

***RESIDENTIAL DEVELOPMENT OPPORTUNITY*** IN EXCELLENT LOCATION*** CENTRAL DARWEN, LANCASHIRE***
Full Drone Tour Available - See Link

Outline Permission granted for 8 DWELLINGS (C3) MIXED PROPERTY TYPES in Central Darwen, East Lancashire.

Current plan includes:

1 x Detached Houses, and
1 x Pair of Semi-Detached Houses
5 x Town Houses

The site is situated close to Darwen Town Centre in a popular residential area at the north end of Ratcliffe Street, Darwen, where the former Highfield Working Men's Club Building is situated.

Presented and finished well, the properties will sell well at attractive prices. Demand locally is very strong and property prices are on the up. This site is very accessible and lends itself well to this development.

On this site, and purely a guide, we anticipate potential values, subject to quality of build and finish, to be in the region of:

3 Bed Town Houses - to have a ceiling price of £100k
3 Bed Semi's - to have a ceiling price of £130k
3 Bed Detached - to have a ceiling price of £150k

With Total Potential Values amounting to: £910k

Please note: the Section 106 Agreement with the Local Authority requires a payment of £1500 per property, being £12k in total.

Also: Please note this site is Leasehold with a new Lease for 250 Years being created at point of sale. Ground rents to be collected by the Landlord upon completion of sale of each property. The Landlord may enter into negotiations to sell the freehold tile.


Tenure
See Legal Pack

Conditions of Sale

The Conditions of Sale will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.


Viewing Details

By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions


Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.


Conditional Online Auction Procedure

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 56 days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 56 day reservation period, the seller is not able to accept other offers.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT or 4.2% Inc VAT in London, subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

Full terms and conditions are available at www.sdlauctions.co.uk/online-auctions



Listing History

Added on Rightmove:
08 August 2018

Map & Street View

Disclaimer - Property reference gp_partners_1442512_11036. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Auctions, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions, Nottingham on 0345 319 1049.


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