For Sale

George Street, New Arley, Coventry

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Auction Guide £360,000

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Description

A DEVELOPMENT OPPORTUNITY TO ACQUIRE A SITE WITH FULL PLANNING PERMISSION FOR 10 DWELLINGS IN THE NORTH WARWICKSHIRE VILLAGE OF NEW ARLEY. The site has planning permission for four two bedroomed homes in a quad block with a further six two and three bedroomed terraced and semi-detached houses all with 2 parking spaces. Permission was originally granted in 2012 by North Warwickshire Borough Council under reference PAP/2012/0487 details of which can be seen at: http://planning.northwarks.gov.uk/portal/servlets/AttachmentShowServlet?ImageName=247944. Subsequent applications have varied the original conditions including the removal of Condition 3, previously restricting the consent to affordable housing, on 1 June 2017. Commencement of development has been established by laying of some foundations. 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. 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. 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 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 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. For further information relating to the Auction process, see our full property particulars.

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