Land Adjacent to 80 Upper Church Lane, Tipton, Sandwell, DY4 9NB
Freehold development opportunity in Tipton
Guide price*
£5,000+
Plus fees
Sold for £19,000
Lot information
Land/Development
Auction details:
Thursday 30th March 2023 @ 09:00AM
Live-streamed Auction
A Freehold Development Opportunity
Property Description
An opportunity to acquire a parcel of land situated in a residential area of Tipton. The land which is roughly a rectangular shape extends to a total site area of approximately 110 sqm (1,190 sqft) and is located fronting Upper Church Lane in Tipton. A scheme has been drawn up for a Bungalow, but plans have not been submitted.Location
The plot of land is situated on Upper Church Lane in Tipton close to the junctions with St Johns Road and Salter Road. With the plot located in a popular residential area, it is very well situated with multiple schools in the surrounding area, 1.5 miles from Tipton train station and well connected to Dudley and West Bromwich town centres.Tenure
Freehold – Vacant possession upon completion.Planning
No formal planning has been submitted for this site and interested parties are advised to consult with the local planning department.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.Value Added Tax
VAT may or may not be applicable. Please see legal pack for further information.Auctioneer's Note
Please note no offers will be considered prior to the Auction Sale.Viewings
The site is open for viewings.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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. 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 £1,920 inc VAT (£1,600.00 + 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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
