Lock-up Garages and Allotment Land , Lying to the North of Arthur Street, Accrington, Lancashire BB5 5NY

Online auction 10th - 11th December 2024

Freehold Site of Approximately 1 Acre (0.4 ha) – May Suit Development (STP)

Freehold site of approximately 1 acre (0.4 ha), currently housing lock up garages and allotments.
We have been informed that The Trustees gave 12 months’ notice to quit to the various occupiers this Spring which will take effect next year (2025) unless a new owner wants to re-negotiate /rationalise.
The site is surrounded by housing with access off Sparth Avenue.

Planning
In January 2023, the vendors submitted a planning Enquiry / Pre App to Hyndburn BC planning department. The conclusion stated that the site is situated within the urban boundary where the principle of residential development is generally acceptable. However, owing to its existing use as allotments, there is a need to meet the requirements of Policy DM21…in particular point 1a) which states that the loss of land designated as open space will only be permitted where it can be demonstrated to the satisfaction of the Local Panning Authority that it is surplus to requirements and would not create or worsen an existing deficiency….

All interested parties are strongly advised to make their own enquiries with Hyndburn BC planning department before bidding.

Overage
Please note that the sale of the land includes an overage agreement relating to future development. Further information is available within the legal pack.

Tenure: Freehold
Title number: LAN284832{tab}
Length of Lease/Term:
Ground Rent : £
Service Charge: £
Council Tax Band :
Local Authority: Hyndburn BC

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

Tenure: Freehold

Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.