Land Adjacent to 26 Dark Lane, Kinver, Stourbridge, DY7 6JB
A Freehold Residential Development in Kinver, Stourbridge
Sold for £350,000
For details of certain overage provisions please see the Legal Pack. - updated 14.09.2022 @ 13:15.
A Freehold Residential Development opportunity comprising a parcel of land extending to about 0.7 Acres (0.28 Hectares) with the benefit of planning permission for the development of a substantial Detached House offered with the option to purchase, at additional cost, further adjoining land extending to about 5.7 acres (2.3 Hectares) or thereabouts
Property DescriptionThe property comprises a broadly rectangular shaped parcel of land off Dark Lane extending to about 0.7 Acres (0.28 Hectares) or thereabouts with the benefit of planning permission to develop a substantial detached house estimated to have a gross floor area in excess of 3,000 Sq Ft. The purchaser of this plot will have the option to purchase 5.7 Acres, or thereabouts of adjoining Freehold land for an additional sum of £100,000. This will option be available for 28 days from exchange on the building plot with a 28 day completion thereafter. For further clarification and detail please see the Legal Pack.
LocationThe site, is situated in the highly sought-after village of Kinver, and close Kinver Edge, off Dark Lane. Kinver village centre, which is about half a mile from the site, provides a range of shopping, leisure and community facilities. Other centres such as Stourbridge, Kidderminster and Wolverhampton are about 4.5, 5.5 & 11.5 miles respectively and the national motorway network can be accessed via Junction 3 of the M5 Motorway which is approximately 12.5 miles.
TenureWe understand that the property is Freehold. For further information in respect of tenure and other legal aspects and requirements please refer to the legal pack.
PlanningWe understand that planning permission (Ref 20/00431/FUL) for the ‘Revised design for previously approved replacement dwelling (Ref: 0291/97) was granted by South Staffordshire Council on 18th September 2020 subject to conditions. We also understand that ‘Two year temporary consent to site a caravan for the use of the applicant whilst the dwelling is constructed’ (Ref 22/00283/FUL) was granted subject to conditions on 13th May 2022.
Interested parties must however make their own enquiries of the Local Planning Authority and independently satisfy themselves as to the suitability of the property for any use or development they propose.
ServicesMains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.
Ground Conditions & ContaminationProspective buyers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.
Plans/Aerial PhotographsAny plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
Rights of way, wayleaves, easements, restrictive covenants etc.The site is sold subject to, or with the benefit of any rights of way, wayleaves, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
Value Added TaxFor clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
Remote Bidding AuctionThis property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
ViewingsExternal viewings only.
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.