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

 

Land at the Corner of Paddock Lane/Holtshill Lane, Walsall, WS1 2HX

Freehold development opportunity in Walsall

Guide price*

£40,000-£50,000

Plus fees

Sold for £46,000

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Finance available on this property

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Lot 129 Land/Development
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Auction details:

Thursday 27th February 2020 @ 10:00AM

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

A Freehold, broadly triangular shaped, parcel of land with potential for development subject to obtaining any necessary planning permission and any other necessary consents

Property Description

The site comprises a broadly triangular shaped parcel of land situated at the corner of Paddock Lane and Holtshill Lane in Walsall, which may be suitable for various purposes and development, subject to obtaining any necessary planning permission or other consents that may be required.

Location

The property is situated in an established residential locality about 0.5 miles to the east of Walsall town Centre. Other centres such as Birmingham and Wolverhampton City Centres are about 11 and 7.5 miles respectively and the national motorway network can be accessed via Junction 10 of the M6 Motorway which is approximately 2 miles distant.

Tenure

We understand that the property is Freehold. For further information in respect of tenure and any other legal aspects and requirements please refer to the legal pack.

Planning

We are informed that the site previously had the benefit of planning permission for development but that this is now understood to have lapsed. It is however considered that the site may be suitable for various purposes, including potentially residential use, subject to obtaining any necessary planning permission or other consents that may be required.
Interested parties must however make their own enquiries of the Local Planning Authority, Walsall Council, in respect of planning and independently satisfy themselves as to the suitability of the property and site for any use or development they may propose.

Services

Certain mains services are believed 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 & Contamination

Prospective purchasers must undertake their own investigations relative to ground conditions and contamination and independently satisfy themselves as to suitability of the site for any use or development they may propose.

Plans/Aerial Photographs

Any 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 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

For information in respect of VAT, and whether or not it will be chargeable, please refer to the Legal Pack.

Auctioneers Note

Please note offers may 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