FOR SALE BY AUCTION: To be sold by public auction on the owner's instruction. Approved development land for the erection of a two-storey building comprising two one-bedroomed self-contained residential units. To be sold via online bidding on Friday, 26 January 2024.
Auctioneers comments: 'This Lot offers investors a unique opportunity to buy development land with planning permission in a sought-after residential area.'
Auction date
The property is to be sold by public auction on Friday, 26 January 2024 via a 2-hour online bidding window.
To view
This vacant land has no scheduled managed block viewings and can be viewed at your own discretion.
Description
Approved development land, 761 SQFT, freehold
Location
Lewis Street, Stoke-On-Trent, 0.3 miles to Stoke-on-Trent railway station
Accommodation
Vacant land
Outside
Vacant land
EPC rating
Exempt
Tenure
Freehold with vacant possession
Local authority and council tax band
Stoke-on-Trent City Council
Council tax band: N/A
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 3.5% plus VAT (min. fee of £875 plus VAT) of the purchase price and auction buying fee of £950 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.