Plots 11, 12, 13 & 14, Land Adj. A134 Northern Approach, Colchester, Essex CO4 5NF

For sale by Unconditional Online Auction.
Four freehold plots of land, being sold as one lot, located in a very prominent location.

Comprising 4 freehold plots of land (which are to be sold as 1x combined lot) located in a very prominent location. Overlooking the busy A134 newly widened dual carriage way and very close to Colchester Hospital North Essex NHS Foundation Trust.

A huge amount of residential development has taken place both behind the plots and also on the other side of the road. Further benefits is the Colchester Train Station which offers a direct service to London Liverpool Street Station.

Essex Council have also carried out bus lane and cycle lane improvements to the front of where the land plots are situated. Subject to planning and any other permissions required, due to the very busy location, there may be potential for some kind of outdoor advertising. No warranty is given and buyers are to rely solely on their own enquiries regarding any change of uses.

Situated on land between Stanford Road and the A134.

Note Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: Exempt

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under and Unconditional sale type.

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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT

The Buyers 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.