Upgate, Louth, LN11

Being sold via Secure Sale online bidding. Terms & Conditions apply.

Starting Bid £750,000 This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process that provides speed, security, and certainty for all parties.

Description:

Outline approval has been granted with reserved matters for fourteen apartments, divided among four two-storey blocks.

Additionally

Slightly to the north, full planning approval was historically granted on appeal to create three terraced houses and four apartments, this site has been started by way of foundations.

The Existing Site:

The site is currently fenced, there is bramble growth, and there are no trees.

The outline and started schemes:

There are two applications:

14 dwelling scheme with outline approval

7 dwelling scheme, historically approved but the site has been started by way of foundations.

Titles:

LL289055, LL304448 and LL326577

Location:

Nearest Station. Market Rasen, East Midlands Railway intercity route connects the cities of the East Midlands, such as Derby, Leicester and Nottingham, with London in the south and Manchester and Liverpool in the north.

Bus services are convenient in this location.

Louth is a picturesque market town providing an array of convenience stores, shopping facilities, restaurants, public houses and regular markets for local produce and crafts.

Borough: East Lindsey Borough Council

Tenure: Freehold Title numbers LL289055, LL304448 & LL326577.

Additional Information:

The sellers have a Geo-Environmental Assessment Report from November 2004. This was provided to them in hard copy by the previous owners of the land. Unfortunately, the consultancy firm was dissolved in 2018, and there seems to be no way to get an electronic copy. The report is 13mm thick.

Attached is a one-page executive summary. The full report can be obtained via the solicitor if an offer proceeds.

Documents available upon request:

Brochure

Links and references to both applications

Design & Access Statement

GDV

Local sold comparable's

Title documents

S106 contribution document

Planning Drawings

Viewings: The site can easily be viewed at the curb-side.

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 site 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.