Land at 47 Clarence Street, Leicester, LE1 3RW

Freehold development opportunity in Leicester

Guide price*

£695,000+

Plus fees

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Lot 80 Land/Development
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Auction details:

Thursday 15th September 2022 @ 09:30AM

Live-streamed auction, you must pre-register to bid via our website with remote bidding online, by telephone or proxy

A Freehold Development Opportunity for which planning permission for the construction of 47 Student Apartments was previously granted and which is considered to have potential for various development schemes subject to obtaining planning permission.

Property Description

The property comprises a parcel of land extending to about 0.11 Acres or thereabouts, for which planning permission, now lapsed, was previously granted for the development of 47 No. Student Studio Flats and is considered to have potential for various uses and development subject to obtaining planning permission and any other necessary consents.

Location

The site is situated on the corner of Clarence Street, Lee Street and Hill Street, close to Leicester city. Other centres such as Nottingham, Derby and Coventry are about 27, 34 & 27 miles respectively whilst the national motorway network is accessible via Junction 21 of M1 Motorway which is about 5 miles.

Tenure

We 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.

Planning

We understand that planning permission (Ref 20162286) for Demolition of existing building and development of a seven storey building to accommodate 47 Student Flats was previously granted by Leicester City Council in May 2017 subject to conditions but that this has now lapsed.
Interested parties must also 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.

Services

Mains 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 & Contamination

Prospective 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 Photographs

Any 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 Tax

For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.

Remote Bidding Auction

This 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.

Viewings

External viewings only.
DISCLAIMER

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.

LIVE-STREAMED AUCTION

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.

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