Land For Sale £75,000
* GUIDE PRICE: £75,000.00 * * MODERN METHOD OF AUCTION * * PRE-AUCTION MARKETING WITH MORE PICTURES TO COME *
This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £75,000.00 plus Reservation Fee
Belvoir are pleased to present this FREEHOLD investment opportunity to the market.
The land comprises of a Freehold Title over 10 apartments and mixed use premises from 68 High Street to 58 High Street, front and rear car parks plus garages. There are currently 6 commercial units on the land, 2 of which are currently owned by the freeholder. The remaining 4 commercial units pay £500 each P/A lease charges and the 3 garages have historically rented between £30-£40 p/w.
There is currently no planning on the land and advise any prospective applicants to make their own enquiries surrounding potential planning.
Burntwood is a large village and civil parish in Staffordshire, England, about 13 miles (21 km) north of Birmingham and 6 miles (9.7 km) west of Lichfield. It had a population of 26,898 in the 2011 census. Burntwood is situated on the edge of Cannock Chase, an Area of Outstanding Natural Beauty.
Burntwood has a good range of local amenities, including shops, supermarkets, banks, pubs, restaurants, and cafes. There are also a number of parks and open spaces, including Burntwood Leisure Centre, Chasewater Country Park, and Cannock Chase Forest.
Burntwood is well-served by public transport, with regular bus and train services to Birmingham, Lichfield, and Stafford. The village is also close to the M6 motorway.
Auctioneer Comments:
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangement
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
