Land in Colchester

Land to the south of Bromley Road, Colchester, Essex CO4 3JE
  • Lot No: 89
  • Property Type: Land
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £9,500+ plus fees

Result Sold at Auction £10,000

Property Description

The land comprises a rectangular shaped plot (18) extending to approximately 0.5 acres (2,178 sqm) and is located to the south of Bromley Road. The plot forms part of a larger site and is situated within an area of mainly upmarket residential housing stock. Bellway Homes are building a large scheme of residential properties within the immediate vicinity and we feel the plot would suit the creation of residential dwellings subject to obtaining appropriate planning consents to meet the demand created from being within a commuter belt area for London. Hythe railway station and the A12 are both very close by.

Services

Services are believed to be available within the vicinity of the site however, interested parties should independently satisfy themselves as to the availability and suitability of any services for their specific requirement.


Value Added Tax

We are advised that VAT will not be chargeable on this transaction.


Note

The auctioneers have not inspected the land.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 26th August 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Land to the south of Bromley Road, Colchester, Essex CO4 3JE