We are back in the auction room for our 21st July auction!

 

Land Adj. 1 Magdala Street, Winson Green, Birmingham, B18 4BL

Freehold land with development potential in Winson Green

Guide price*

£25,000+

Plus fees

Sold for £29,000

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Finance available on this property

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Lot 3 Land/Development
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Auction details:

Thursday 9th May 2019 @ 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

A Vacant Freehold Residential Development Opportunity

Property Description

A parcel of land which may be suitable for a number of alternative uses, including that of residential development for a single dwelling, subject to obtaining the necessary planning consents.

Tenure

Freehold – Vacant possession upon completion, subject to all existing rights of way, documented or otherwise across the land.

Site Area

We understand that the land extends to some 295 sq.m. (353 sq.yds) or thereabouts.

Planning

The land may be considered suitable for a number of alternative uses, including residential development of a single dwelling, subject to obtaining the necessary planning consents. All initial enquiries can be made to Robert King or Neil Middlemas at Birmingham City Council on 0121 303 3928.

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

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.

Auctioneers Note

1. Please note no offers will be considered prior or post the Auction Sale.
2. The property will be sold on the understanding that the 10% deposit must be paid by a Banker's Draft made payable to Bond Wolfe Auctions. No other means of payment will be accepted and failure to do so will result in the property being re-offered for sale..
3. In addition to the purchase price, the purchaser will be required to pay the Council's professional fees of £1,750.
4. In addition to the purchase price, the purchaser will also be required to pay the Auctioneer's fees as stated within the legal pack.

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 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.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours 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.

Remote bidding registration