Ainsworth Lord Estates

For Sale in Residential Development Site, Ratcliffe St, Darwen - Auction Guide Price £138,000

Full Details

FOR SALE BY CONDITIONAL ONLINE AUCTION On Behalf of SDL Auctions

Full terms and conditions are available at www.sdlauctions.co.uk/online-auctions
Please read all details below for complete information....

***RESIDENTIAL DEVELOPMENT OPPORTUNITY*** IN EXCELLENT LOCATION*** CENTRAL DARWEN, LANCASHIRE***
Full Drone Tour Available - See Link

Outline Permission granted for 8 DWELLINGS (C3) MIXED PROPERTY TYPES in Central Darwen, East Lancashire.

Current plan includes:

1 x Detached Houses, and
1 x Pair of Semi-Detached Houses
5 x Town Houses

The site is situated close to Darwen Town Centre in a popular residential area at the north end of Ratcliffe Street, Darwen, where the former Highfield Working Men's Club Building is situated.

Presented and finished well, the properties will sell well at attractive prices. Demand locally is very strong and property prices are on the up. This site is very accessible and lends itself well to this development.

On this site, and purely a guide, we anticipate potential values, subject to quality of build and finish, to be in the region of:

3 Bed Town Houses - to have a ceiling price of £100k
3 Bed Semi's - to have a ceiling price of £130k
3 Bed Detached - to have a ceiling price of £150k

With Total Potential Values amounting to: £910k

Please note: the Section 106 Agreement with the Local Authority requires a payment of £1500 per property, being £12k in total.

Also: Please note this site is Leasehold with a new Lease for 250 Years being created at point of sale. Ground rents to be collected by the Landlord upon completion of sale of each property. The Landlord may enter into negotiations to sell the freehold tile.

IN OUR OPINION:
We genuinely believe this is an attractive development site perfectly situated to create a lovely small development in a popular part of town with all amenities to hand, excellent transport connections, and excellent views across neighbouring countryside.

As an agent we would be more than happy to help the buyer/developer achieve these prices and can offer our Unique Part Exchange Facility to potential buyers to facilitate chain free sales if required without involving the Developer.

Depending on your needs we can also offer you you a customised Developer Seller Package to include:

Full Part-Exchange Facility (Unique to us) for buyers.
Unique and Fully Customised Development Sales Website and Enhanced Marketing Package.
Dedicated Sales Manager to handle all sales enquiries.
Dedicated Solicitors to provide First Class Conveyancing Services etc
Sourcing local contractors from our Approved Contractor list. Inc.. Architects, Solicitors, Electricians, Plumber, Dry Liners etc....
And other facilities as required.

BUILD-TO-RENT

If you are thinking of Build-to-Rent, we would work with you to have all properties tenanted with fully vetted and high calibre tenants in a quick time scale. Should you wish to sell some or all to investors we have a significant database of worldwide investors prepared to buy on our recommendation.


IMPORTANT INFORMATION:

Tenure See Legal Pack

Conditions of Sale:

The Conditions of Sale will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.

Conditional Online Auction Procedure

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder. Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property. If you are the successful bidder, at the end of the specified time period, you'll enter into a reservation agreement with the seller and have 56 days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 56 day reservation period, the seller is not able to accept other offers. The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT or 4.2% Inc VAT in London,

subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price. We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.


For more information on this exciting development opportunity please feel free to call into our office to inspect all the paperwork.
Alternatively you may visit the Blackburn with Darwen Council Planning Website and search for Planning Application Number: 10/15/1292 where all reports and surveys etc may be found and downloaded.

We are open 6 days a week, and open until 7pm on Wednesdays..


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