Residential Development in Burton on Trent

Development Site off Beaufort Road, Brizlincote Valley, Stapenhill, Burton on Trent, DE15 9GY
  • Lot No: 22
  • Property Type: Residential Development
  • Contract Type: Unconditional with Variable Fee
Nicholas Humphreys

Guide Price* £128,000+ plus fees

Result Sold at Auction £140,000

Property Description

Planning permission has been granted for the erection of a two storey, block of 4 x 2 bedroomed apartments with associated parking and gardens. Ref P/2019/01533. The site is situated adjacent to the Tesco Express store in a highly desirable and convenient location within Brizlincote Valley. Well placed for access to local amenities, Burton town centre and commuter links. An ideal development to either build and sell on individually or a great build to rent opportunity. Estimated rental income circa £25,000 per annum. In more detail each property will comprise -

Proposed accommodation:

Lounge/Kitchen - Offering open plan living. Inner Hallway Bedroom One Bedroom Two Bathroom


OUTSIDE:

Two parking spaces for each flat. Communal gardens and bin store area.


Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.


Tenure

Freehold


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.