Land off Gypsy Lane, Atherstone, CV9 3AB
Gypsy Lane, Atherstone, CV9 3AB
- 0
Key features
Guide Price: *
£160,000
Fees apply
Buyer's fee:£3,780
Admin fee:£504
Legal fee:£1,070.40
All fees include VAT at 20%
Holding Deposit: *£1,220
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£150,000Bid history
0 bidsLocation
The land is located on the northern edge of the town of Atherstone, immediately north of the Holly Lane Industrial Park. The land is accessed off Gypsy Lane, which is off Rowlands Way, joining Holly Lane at the Aldi roundabout. The land is located under a mile from the A5, which links to the M42 in the northwest and the M69 in the southeast.
Features
- Strategic 2.43 acres of permanent pastureland
- Adjoins land allocated as an employment site
- Excellent transport links
- Single storey brick and tile building
Travel Distances
• Nuneaton - 7 miles
• Tamworth - 8 miles
• Hinckley 10 miles
• Birmingham City Centre - 21 miles
Description
The land extends to approximately 2.43 acres of permanent pastureland. There is a single storey brick and tile building adjacent to the entrance off Gypsy Lane. The land is within Flood Zone 3.
The site forms part of the commercial strategy for Atherstone. As the site borders the Holly Lane Industrial Park, it is prime land for the extension of the industrial estate.
Planning
Under North Warwickshire Borough Council’s Adopted Local Plan 2021, the site is designated as an indicative area for water compatible development, flood storage, informal and natural open space/green space. The site adjoins land which has been allocated as an employment site in the Local Plan. Further details on this can be found on the North Warwickshrie Borough Council website.
Overage
The Vendor and their successors in title will reserve a 30% overage (over existing use value) payable in the event of a change of use or grant of a planning permission for any use other than agriculture or equestrian. The overage clause will last for 50 years.
Method of Sale
The land will be sold by online auction.
Auction Terms
The property is for sale by online auction. All details, terms, conditions and the contract pack are available on our website.
Contract Pack - The contract pack is available via the ‘online auction’ pages of our website. Online Auction Access - Please visit the Howkins & Harrison website
(howkinsandharrison.co.uk), click ‘Auctions' in the main heading menu then 'Online Auctions'. To bid; click 'Register' and verify your email address.
The purchaser of this property will be subject to the following payments upon exchange:
£5,000 (incl VAT) is taken from the registered card (on the fall of the hammer) and is apportioned as follows:
Buyers Premium - £1,800 (inc VAT)
Auction Platform Fee - £1,980 (inc VAT)
£1,220 towards deposit.
The remainder of the 10% deposit of the purchase price is due by 12 noon the next working day.
The purchaser is subject to the following payments upon completion:
Balance of the purchase price
Search fees of £891.70 (Plus VAT)
Administration fee - £420 (Plus VAT).
Full terms and conditions for the online auction are available on our website.
Services
The land does not benefit from any mains services.
Tenure and Possession
The site will be sold freehold with vacant possession upon completion.
Rights of Way, Easements and Wayleaves
There are not believed to be any public or private Rights of Way which impact the property.
Local Authority
North Warwickshire Borough Council – www.northwarks.gov.uk / 01827 715341
Viewing
Strictly by prior appointment only. Please contact Susannah Leedham at the Atherstone office on 01827 721380.
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Plan, Area and Description
The plan, area and description are believed to be correct in every way, but no claim will be entertained by the Vendor or their Agents in respect of any error, omissions or misdescriptions. The plan is for identification purposes only and is not to scale.
Anti-Money Laundering
Under the Money Laundering Directive (S12017/692) we are required to take full identification (e.g. photo ID and recent utility bill as proof of address) from a potential buyer before accepting an offer on the property. Please be aware of this and have the information available. Please note a fee of £30 will be charged to each buyer for the Anti-Money Laundering check via our online system Move Butler.
Location
The land is located on the northern edge of the town of Atherstone, immediately north of the Holly Lane Industrial Park. The land is accessed off Gypsy Lane, which is off Rowlands Way, joining Holly Lane at the Aldi roundabout. The land is located under a mile from the A5, which links to the M42 in the northwest and the M69 in the southeast.
Features
- Strategic 2.43 acres of permanent pastureland
- Adjoins land allocated as an employment site
- Excellent transport links
- Single storey brick and tile building
Travel Distances
• Nuneaton - 7 miles
• Tamworth - 8 miles
• Hinckley 10 miles
• Birmingham City Centre - 21 miles
Description
The land extends to approximately 2.43 acres of permanent pastureland. There is a single storey brick and tile building adjacent to the entrance off Gypsy Lane. The land is within Flood Zone 3.
The site forms part of the commercial strategy for Atherstone. As the site borders the Holly Lane Industrial Park, it is prime land for the extension of the industrial estate.
Planning
Under North Warwickshire Borough Council’s Adopted Local Plan 2021, the site is designated as an indicative area for water compatible development, flood storage, informal and natural open space/green space. The site adjoins land which has been allocated as an employment site in the Local Plan. Further details on this can be found on the North Warwickshrie Borough Council website.
Overage
The Vendor and their successors in title will reserve a 30% overage (over existing use value) payable in the event of a change of use or grant of a planning permission for any use other than agriculture or equestrian. The overage clause will last for 50 years.
Method of Sale
The land will be sold by online auction.
Auction Terms
The property is for sale by online auction. All details, terms, conditions and the contract pack are available on our website.
Contract Pack - The contract pack is available via the ‘online auction’ pages of our website. Online Auction Access - Please visit the Howkins & Harrison website
(howkinsandharrison.co.uk), click ‘Auctions' in the main heading menu then 'Online Auctions'. To bid; click 'Register' and verify your email address.
The purchaser of this property will be subject to the following payments upon exchange:
£5,000 (incl VAT) is taken from the registered card (on the fall of the hammer) and is apportioned as follows:
Buyers Premium - £1,800 (inc VAT)
Auction Platform Fee - £1,980 (inc VAT)
£1,220 towards deposit.
The remainder of the 10% deposit of the purchase price is due by 12 noon the next working day.
The purchaser is subject to the following payments upon completion:
Balance of the purchase price
Search fees of £891.70 (Plus VAT)
Administration fee - £420 (Plus VAT).
Full terms and conditions for the online auction are available on our website.
Services
The land does not benefit from any mains services.
Tenure and Possession
The site will be sold freehold with vacant possession upon completion.
Rights of Way, Easements and Wayleaves
There are not believed to be any public or private Rights of Way which impact the property.
Local Authority
North Warwickshire Borough Council – www.northwarks.gov.uk / 01827 715341
Viewing
Strictly by prior appointment only. Please contact Susannah Leedham at the Atherstone office on 01827 721380.
What3Words
///caves.reset.pranced
Plan, Area and Description
The plan, area and description are believed to be correct in every way, but no claim will be entertained by the Vendor or their Agents in respect of any error, omissions or misdescriptions. The plan is for identification purposes only and is not to scale.
Anti-Money Laundering
Under the Money Laundering Directive (S12017/692) we are required to take full identification (e.g. photo ID and recent utility bill as proof of address) from a potential buyer before accepting an offer on the property. Please be aware of this and have the information available. Please note a fee of £30 will be charged to each buyer for the Anti-Money Laundering check via our online system Move Butler.
Summary
- Auction end
- 25th Sep at 11:00
- Property type
- Land
- Tenure
- Ask Agent
- Council tax band
- Ask Agent
Summary
- Auction end
- 25th Sep at 11:00
- Property type
- Land
- Tenure
- Ask Agent
- Council tax band
- Ask Agent
This property is being sold by:
Howkins & Harrison - Farm and Rural
01530 877977
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Howkins & Harrison Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Howkins & Harrison Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
