Site of the former Guns Lane School, Earl Street, West Bromwich, B70 9HR

Residential Development with consent for 3 no. houses

Guide price*

£120,000+

Plus fees

Sold prior

Lot 99 Land/Development
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Auction details:

Wednesday 13th March 2019 @ 10:30AM

A Freehold Residential Development Opportunity with previous consent for 3 No. 3 Bedroom, 3 Storey Town Houses

Property Description

A cleared rectangular shaped site with direct access from Earl Street. The site benefits from an extant planning permission for a terrace of three, three storey houses.

Location

The site occupies part of the former Guns Lane School site and lies on Earl Street, just off the main West Bromwich High Street.
The site lies within easy access to local transport links and amenities and is situated among residential properties in a predominantly residential area.

Tenure

Freehold – Vacant possession upon completion.

Planning

Planning permission was granted on the 5th September 2008 for the development of three houses with associated parking under Planning Application No. DC/08/49722.
We are advised that preliminary works commenced within the valid time frame and therefore, the planning permission is considered to be extant. Prospective purchasers should satisfy themselves as to the current planning status of this lot.
Further enquiries can be made direct to Sandwell Metropolitan Borough Council Planning Department on 0121 569 4054. Copies of all relevant plans are available via the West Bromwich office on 0121 525 0600.

Services

Mains services are understood to be available in the vicinity of the property, but prospective purchasers should make their own independent enquiries as to the suitability of services for their particular requirements.

Value Added Tax

We understand that VAT will not be chargeable on this transaction. All interested parties are advised to refer to the Special Conditions of Sale within the legal pack for their own verification.

Viewings

For further information and viewing arrangements please contact James Mattin at our West Bromwich office on 0121 525 0600.
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.

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