Land South View, High Hold,Pelton, Chester Le Street, DH2

£60,000

Guide price

For sale by Modern Method of Auction; Starting Bid Price £60,000 plus Reservation Fee...

Opportunity to purchase this plot of land currently with four Garages/Workshops. Future development opportunity subject to relevant Planning Permissions. Plot is approximately 1500 sq meters in total and is mainly rectangular in shape. Situated in this pleasant area of Chester Le Street, handy for transport links north and south.

Modern Method Of Auction

This site is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Garages / Workshops

All measuring approximately 5.5m X 3.5m and 2.5m in height.

Tenure

We understand this site is Freehold.

Town Plannning

Relates to the previous Planning Application - DM/18/02106/FPA

Services

We understand the mains services are located within close proximity to the site, but urge interested parties to make their own enquiries with the various utility companies.

Legal Costs

Each party will be responsible for their own legal costs incurred in the transaction.

Offers

All offers to be placed initially with Reeds Rains - Chester Le Street.

Site

The site is located between Victoria Terrace, South View, High Handenhold Fire Station and the A693 and is a piece of scrubland. Historically, garages have been located at the site. The North Durham Green Belt lies immediately to the south of the site however the development is not located in the Green Belt.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

201200422/3

Arrange viewing 01913 406164

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