Land at Chester Road South, Kidderminster, Worcestershire, DY10 1XF
A residential development opportunity with planning permission in Kidderminster
£1m - £1.25m
Sold for £1,250,000
Thursday 30th March 2023 @ 09:00AM
We are informed that VAT is not applicable on this transaction. - updated 23.03.2023 @ 12:07.
A Freehold Residential Development Opportunity comprising a site of approximately 1 Acre (0.4 Hectare), having Planning Permission for the development of 15 No. Dwellings together with an area of additional land.
Property DescriptionThe property comprises a broadly rectangular shape parcel of land of about 1 acre (0.4 hectares) or thereabouts for which planning permission has been granted for the development of 15 No. dwellings comprising 5 No four bedroom house, 6 No three bedroom houses and 4 No one bedroom apartments with 4 No of the dwellings to affordable. In addition to the site benefiting from planning permission, an additional area of land adjacent to the railway line is to be included in the sale.
LocationThe site is situated off Chester Road South in Kidderminster, in a popular residential locality close to Kidderminster Golf Club and about half a mile to the south east of Kidderminster town centre. Other centres such as Birmingham, Worcester and Stourbridge are about 20, 14 & 8.5 miles respectively whilst the national motorway network is accessible via Junction 4 of M5 Motorway which is about 10 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 20/0289/FUL) for ‘Residential development consisting of 15no. dwellings (to include 4x1 bed, 6x3 bed and 5x4 bed with 4no. units to be affordable), with associated access, parking and landscaping works’ was granted by Wyre Forest District Council on 18th November 2020 subject to conditions. 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.
ServicesCertain mains services are understood to be available within the vicinity of the property, but interested parties should independently satisfy themselves as to the availability and suitability of any mains services for their particular requirements.
Ground Conditions & ContaminationProspective purchasers must undertake their own investigations with regard to ground conditions and fully satisfy themselves as to the suitability of the site for any use they may propose.
Plans/Aerial PhotographsAny plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.
Rights of way, wayleaves, easements, restrictive covenants etc.The property is sold subject to, or with the benefit of any rights of wayleaves, easements, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
Value Added TaxWe understand VAT is not applicable on this transaction.
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.