Land fronting onto, New Birmingham Road, & Burnt Tree, Tipton, DY4 7TY
Freehold Development Opportunity in Tipton - To Be Offered On Behalf of Sandwell Metropolitan Borough Council in our 27th February 2020 Auction Sale
Guide price*
TO BE CONFIRMED
Plus fees
Lot information
Land/Development
Auction details:
Wednesday 11th December 2019 @ 10:30AM
A highly prominent freehold development opportunity extending to about 1.1 Acres (0.45 Hectares) or thereabouts which is considered to have potential for residential development subject to the granting of planning permission, an outline planning application for which has already been submitted and is awaiting determination.
Property Description
The site comprises a broadly ‘L’ shaped parcel of land situated between New Birmingham Road, Burnt Tree, Tividale Road and Orchard Street and having a site area of about 1.1 Acres (0.45 Hectares) or thereabouts.Location
The property is situated in a prominent position fronting onto New Birmingham Road (A 4123) about 1 mile to the east of Dudley town centre. Other centres such as Birmingham City Centre, West Bromwich Town Centre and Wolverhampton City Centre about 9, 4 and 6 miles respectively whilst rail services are available from Dudley Port Railway Station which is about 1 mile and the national motorway network can be accessed via Junction 2 of the M5 Motorway which is about 3.5 Miles.Tenure
We understand that the property is Freehold. For further information in respect of tenure please refer to the legal pack.Planning
A Planning Application for outline residential development with all matters reserved (Ref DC/19/63712) has been submitted and was validated on 11th November 2019 but is yet to be determined. Approval is anticipated to be obtained prior to the land being offered for sale and initial enquiries can be made to George Singh Gurcha at Sandwell Council on 0121 569 2927.Interested parties must make their own enquiries of the Local Planning Authority in respect of planning and independently satisfy themselves as to the suitability of the site for any development or use they may propose.
Services
Mains services are understood to currently be available in the vicinity of the property but prospective purchasers must independently satisfy themselves as to the availability of suitable services to provide for any particular requirement or the development they propose.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
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 property is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, 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.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 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.
