Land in Coleorton

Paddock circa 7.8 acres and Stables , Title Reg states as Land North of Loughborough Rd, Bakewell Ln, Coleorton LE67 8JD
  • Lot No: 57
  • Property Type: Land
  • Contract Type: Unconditional with Variable Fee

Guide Price* £175,000+ plus fees

Result Sold at Auction £200,000

Property Description

DRAFT DETAILS - AWAITING APPROVAL A freehold parcel of land in an idyllic setting in the desirable village of Coleorton. The land is believed to measure approx 7.8 acres in total. There is vehicle access off Bakewell Lane and also a large frontage to the main Loughborough Road. The site contains a timber stable block with concrete yard along with feed store and hay store. There is a ménage and both electricity and waters supplies. The land offers good grazing and is split into individual paddocks with stock fencing. The boundaries are mainly hedged. A picturesque and quiet setting with some wonderful views. There are public footpaths crossing the land. The site may offer scope for development. Any enquiries should be made to North West Leicestershire District Council. The site will be sold with an uplift clause of 25% of any increase in value from planning permission for 20 years. Full details will be in the legal pack. Buyers are referred to the Overage Agreement in the legal pack and are to rely on their own investigations in this respect.

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 Variable Fee (England and Wales). 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 fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price 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 28th April 2022

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

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Map

Paddock circa 7.8 acres and Stables , Title Reg states as Land North of Loughborough Rd, Bakewell Ln, Coleorton LE67 8JD