FOR SALE BY ONLINE AUCTION - COMPLETION BY 31ST MARCH 2021 - A vacant development site of approximately 0.277 acres, located in a popular residential area, benefitting from outline planning permission to build 3 two storey dwellings with parking. There is the additional potential to increase the size of the site, subject to the separate purchase of adjoining land.
Auction date
To be sold by online auction on Wednesday 3rd March 2021, bidding will open at 9.00AM.
To view
The site can be viewed at any reasonable time. Please take reasonable care to respect the privacy of the neighbouring residents.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* West Thatcham * Close to centre of the village * Access to shops and schools * Access to A4 * Rail service to London * Good access to junctions 12 and 13 of the M4
Description
* Residential development site * Level and cleared * Fenced boundary * Plot approx. 0.277 acres * Further potential for expansion * Investment potential
Planning
Outline planning permission was granted by West Berkshire Council for 3 two storey dwellings application number 19/02738/OUTD on 23 January 2020.
Proposed development
The most current application, (19/02738/OUTD) provides scope to develop 1 detached house and 2 semi-detached houses. The footprints of the dwellings shown on the application are indicative of 4 bedroom and 3 bedroom properties. Alternatively, a previous application (16/03548/OUTD) granted on 13 February 2017, comprising a scheme of 4 detached houses, could be developed, subject to reserved matters and the separate purchase of additional land from neighbouring properties.
Site
The total area measures approximately 0.277 acres, (0.112 hectares) and is accessed directly from the road via a 5 bar gate.
Tenure
Freehold with vacant possession
Local authority
West Berkshire Council - 01635 551111
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Guide prices
Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
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