Auction - Starting Price

£60,000

Land/Plot for sale, Chester Le Street, County Durham, DH2

Land South View

Auction - Starting Price

£60,000

Land/Plot for sale, Chester Le Street, County Durham, DH2

Land South View

  • NEW PRICE
  • Garages / Workshop
  • Modern Method Of Auction
  • View Bid And Buy
  • Potential Development Opportunity
  • Terms And Conditions Apply
  • Buyers Fees Apply

The pin shows the exact address of the property 

For sale by Modern Method of Auction; Starting Bid Price £60,000 plus Reservation Fee...
Opportunity to purchase this plot of land currently with four Garages/Workshops. Future development opportunity subject to relevant Planning Permissions. Plot is approximately 1500 sq meters in total and is mainly rectangular in shape. Situated in this pleasant area of Chester Le Street, handy for transport links north and south.

Picture Room Measurements Notes
Modern Method Of AuctionThis site is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Garages / WorkshopsAll measuring approximately 5.5m X 3.5m and 2.5m in height.
TenureWe understand this site is Freehold.
Town PlannningRelates to the previous Planning Application - DM/18/02106/FPA
ServicesWe understand the mains services are located within close proximity to the site, but urge interested parties to make their own enquiries with the various utility companies.
Legal CostsEach party will be responsible for their own legal costs incurred in the transaction.
OffersAll offers to be placed initially with Reeds Rains - Chester Le Street.
SiteThe site is located between Victoria Terrace, South View, High Handenhold Fire Station and the A693 and is a piece of scrubland. Historically, garages have been located at the site. The North Durham Green Belt lies immediately to the south of the site however the development is not located in the Green Belt.

IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

Use our calculator to see how much Stamp Duty you may pay if you buy this property.   

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You pay from 1st October 2021

This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 1 October 2021. For more information on Stamp Duty Land Tax, click here.

Interested in this property?

Reeds Rains Chester le Street

0191 388 1776

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Reeds Rains, Chester le Street

Bridge End Chambers,
Front Street,
Chester-le-Street,
DH3 3QY
chester-le-street@reedsrains.co.uk
Branch details
0191 388 1776