Property description
A UNIQUE OPPORTUNITY HAS ARISEN TO ACQUIRE THIS SUBSTANTIAL PARCEL OF GRAZING LAND WHICH IS LAID DOWN TO GRASS AND EXTENDS TO APPROXIMATELY 6.45 ACRES (APPROXIMATELY 2.61 HA)The land has a series of stables and barns set within the northern part of the site adjacent to the access to White Gap Road.
INTRODUCTION
For sale by modern method of auction; STARTING BID PRICE £110,000 PLUS RESERVATION FEE .....The land has a series of stables and barns set within the northern part of the site adjacent to the access to White Gap Road ..... This property is for sale by The East Yorkshire Property Auction Powered by IAM-SOLD LTD
SALE METHOD
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The East Yorkshire Property Auction powered by iam-sold Ltd. TO VIEW OR MAKE A BID, Contact Beercock, Wiles & Wick or visit: www.agentauctionpage.co.uk.
LOCATION
The property is situated on the southern side of White Gap Road, approximately 3/4 of a mile to the north west of the popular residential village of Little Weighton.
This rural village lies approximately 4 miles to the north west of the village of Cottingham where a wide range of facilities are to be found with the Hull city centre being approximately 10 miles to the south east.
The property has good road connections as there is a convenient link into the A63/M62 motorway with intersections at Welton, approximately 6 miles and North Cave, approximately 8 miles.
There is a local train station at Cottingham and a main line station at Brough, approximately 15 minutes by car.
DESCRIPTION
The property, which is predominantly laid to grass with hedging and fencing to the boundaries extends to approximately 6.45 acres (approximately 2.61 ha).
There are 4 loose boxes of block wall and timber construction together with a secure tack room and a timber framed barn that runs along part of the western boundary. In addition, a series of block and timber buildings run along the northern boundary which provides stalls and storage areas for hay and/or straw.
There are also a number of ancillary buildings on the site that include a former railway container, a steel container together with a portacabin and a static caravan.
SERVICES
A mains water supply is available on site and some of the buildings are wired up to allow power to be provided from a portable generator which is not included.
PLANNING
The property has planning permission for the current use and a change of use may be considered subject to planning being granted. There is no residential planning permission attached to the site and intending purchasers should make their own enquiries to the Local Planning Authority, in this respect.
OVERAGE
The property is to be sold subject to clawback provisions allowing the seller to benefit from a 50% share of any uplift in value should planning permission be granted for residential development on the land within a period of 15 years from the date of transer.
TENURE
The property will be sold freehold with the benefit of vacant possession.*
DISCLAIMER
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
VIEWING
Strictly by appointment with the sole agents.
MORTGAGES
We will be pleased to offer independent advice regarding a mortgage for this property, details of which are available from our Beverley office on 01482 870832. Independent advice will be given by Licensed Credit Brokers. Written quotations on request. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
VALUATION/MARKET APPRAISAL
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Property Features :
- For Sale By Auction
- Reservation Fee Applicable
- The Modern Method Of Auction
- View, Bid & Buy
- Online Bidding Available