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Development Site at Bourne Street, Coseley, WV14 9HF

Development Site with Outline Planning for 100 Dwellings in Coseley

Guide price*

£2.5m+

Plus fees

Sold prior to auction, for an undisclosed amount

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Finance available on this property

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Lot 7 Land/Development
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Auction details:

Tuesday 10th September 2019 @ 10:30AM

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

Development Site with Outline Planning Permission for the erection of 100 dwellings, situated in a suburban residential area

Property Description

The site is accessed off Bourne Street, extends to approximately 6.5 acres (2.63 hectares) and currently comprises a cleared site, which is overgrown with trees and vegetation. The site is situated approximately halfway between Sedgley and Coseley and, benefits from suburban predominately residential surroundings and falls within the administrative boundaries of Dudley Metropolitan Borough Council and the site bound by rear gardens of existing residential properties from all sides.

Location

Coseley sits on the border of Dudley (south) and Wolverhampton (north), some 11 miles, north west of Birmingham City Centre.
The centre of Coseley is approximately ¾ of a mile from the site and offersw a variety of services and amenities including a convenience store, a Post Office, a number of pubs and restaurants and a library.
Coseley also provides a range of schools, nurseries, a medical centre, places of worship, open space and sports and leisure facilities.

Tenure

Freehold – Vacant possession upon completion.

Planning

Outline planning permission was granted at appeal on 13th March 2019. The permission is for residential development of up to 100 dwellings with all matters reserved, except for access. The initial planning application was refused on 19th October 2017. Further details and associated documents can be found via the Dudley Metropolitan Borough Council planning website (https://www.dudley.gov.uk/resident/planning/) under application reference P17/0184.
The subsequent successful appeal and further associated documents can be found using appeal reference APP/C4615/W/18/3200460.

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.

Value Added Tax

We understand that VAT will be chargeable on this transaction.

Auctioneers Note

Please note no offers will be considered prior to the Auction Sale.

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.

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