Land at 194 Hill Village Road, Four Oaks, Sutton Coldfield, B75 5JG
Rare exclusive development opportunity with full planning approval for 5 dwellings in Four Oaks
A Freehold Rare Exclusive Development Opportunity with Detailed Planning Approval for 5 No. Executive Detached Dwellings
Property DescriptionAn exclusive development opportunity located in Four Oaks, Sutton Coldfield for the erection of five executive detached residences with a potential gross development value in the region of £4m.
TenureFreehold – Vacant possession upon completion, subject to all existing rights of way documented or otherwise across the land.
PlanningWe understand that planning permission for the erection of six detached properties was granted under planning application 2018/02295/PA, by Birmingham City Council on Monday 8th October 2018, subject to conditions and CIL. A copy of the planning approval will be contained within the legal pack and for avoidance of doubt, only the land for 5 no. of these plots is to be sold.
The land being sold is hatched red on the plan. The land in blue is to be retained by the current Vendor with a right of way access across the driveway hatched green.
ServicesMains 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 & ContaminationProspective 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.
PlansAny 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.
Auctioneer's NoteThe planning will necessitate the demolition of 194 Hill Village Road. The Vendor is proposing to retain the sixth dwelling plot for themselves and would welcome a quotation for the erection of a property to their specification.
Please note that the completion period for this property is 8 weeks (56 days).
ViewingsThe site is open for viewings.
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.