Sydnall Road, Longford, Coventry
Starting Bid £275,000
Land
- SUBSTANTIAL RESIDENTIAL DEVELOPMENT SITE OF APPROX 750m2
- PLANNING PERMISSION FOR NINE APARTMENTS
- SUPERB CANAL-SIDE LOCATION
- EASY ACCESS TO LOCAL TRANSPORT LINKS
*PLANNING PERMISSION GRANTED FOR NINE APARTMENTS* A rare opportunity to acquire a substantial freehold plot with planning permission granted for development (PL/2023/0001770/LDCE) of a block of nine residential apartments with associated access route and car parking. The site covers an area of approximately 750m2 and has direct access from Sydnall Road. Once completed this attractive investment could generate an approximate rental income of £89,700pa from its planned combination of one and two bedroom apartments.
Location
Excellent canal-side location to the north of the City with excellent links to the M6 and M69 motorway network and is also within easy reach of the CBS Arena, Coventry Arena train station & shopping park.
Services
The seller advises that there are provisions for electric, water and mains drainage on site, however any interested party should obtain confirmation of this via their own solicitor or legal representative.
Tenure - Freehold
The agent has been informed that the property is offered freehold however any interested party should obtain confirmation of this via their own solicitor or legal representative.
Viewings
Viewings are strictly by appointment only via Archer Bassett.
Auctioneers Additional Comments
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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