Land at Penybont Farm, Llangurig, Llanidloes, Powys, SY18 6SG
A parcel of land with planning permission for 8 dwellings in Powys
Guide price*
£88,000+
Plus fees
Sold for £115,000
Lot information
Land/Development
Auction details:
Wednesday 30th March 2022 @ 09:00AM
A Freehold Parcel Of Land Some 0.73 Acres With Full Planning Permission For 8 Dwellings
Property Description
A greenfield site located within the village of Llangurig some 5 miles south west of Llanidloes with easy access to Newtown, Shrewsbury, Rhayader and the university town of Aberystwyth. We are informed the site extends to some 0.73 acres (0.295 hectares) or thereabouts and it currently utilised as a paddock. Access is off the public highway at the western side of the site.Tenure
Freehold – Vacant possession upon completion.Planning
This greenfield site is generally level and lies within the jurisdiction of Powys County Council. Full planning was granted by the previous Montgomeryshire District Council in 1994 for the erection of 10 dwellings and creation of vehicular access under application M23449. The planning consent with a section 106 agreement dated 16th May 1994 requires that two of the dwellings have a local occupancy restriction. Planning was renewed on 17th December 1998 under application M23499. Construction on plots 3 & 4 was commenced in September 2003 by the laying of concrete foundations with works registered under Powys County Councils building control reference PM/JPF/2003/0360. The splay and entrance section of the access road was constructed in 2004 at a total cost of £25,532 under Powys County Council reference V0678 and the above works mean that the 1998 planning permission is implemented and can be continued.Plots 1 & 2 were subsequently sold and a border oak style house was constructed under a completely independent planning consent. Copies of the planning consents will be available within the legal pack. A deposit of £12,462 has been lodged with Powys County Council in 2004 under the advanced payments code as security for the construction of the development access road to an adoptable standard.
In addition to the purchase price bid for the land, the purchaser will be required to pay to the vendor £20,000 for the benefit of the original APC deposit held by Powys County Council (subject to the terms of the deposit) together with all interest accrued on the deposit to the date of completion. The APC deposit plus interest accrued already exceeds £20,000. As and when the APC deposit is released by Powys County Council on completion of the private access road to the County Council’s satisfaction, the surplus over £20,000 will be for the purchaser’s benefit.
All interested parties should make their own investigations with the Local Authority and independently satisfy themselves with regards to any use they may propose.
Services
Mains 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 & Contamination
Prospective 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.Plans/Aerial Photographs
Any 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 Note
Please note offers may be considered prior to the Auction Sale.Remote Bidding Auction
This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.Viewings
The site is open for viewings.
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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
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 £2,340 inc VAT (£1,950.00 + 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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
