Development Site adj Lancaster Avenue, Watton, Thetford, Norfolk IP25 6GW
- PROPERTY TYPE
Land
- SIZE
Ask agent
Key features
- Edge of market town of Watton
- Development opportunity 0.45 acre (stms)
- Not subject to Nutrient Neutrality
- Full planning permission, part of Ref: 3PL/2016/0084
- 12 two bedroomed flats (two block of six)
- Allocated parking
- Guide price: £200,000 - £250,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 23 October 2024
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 23 OCTOBER 2024 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Development opportunity on substantial plot with full planning permission for 12 two bedroom flats within recently completed residential development.
The site extends to 0.45 acres (stms) and benefits from full planning permission for twelve 2 bedroomed flats, under ref 3PL/2016/0084/F with Breckland Council. The site forms part of a larger residential development, which has recently been completed. This final parcel offers the opportunity for the construction of flats either for sale, or investment. Alternatively, there may be potential for various other uses, including housing, subject to the grant of planning permission.
Existing services are in close proximity to the site, and both a foul and surface water drainage system are in situ. There has been no restriction on construction of the site by nutrient neutrality since construction commenced in 2018.
A natural pond existed on part of the site. The contents of this were removed by the previous developer and a barrier constructed along the pond boundary, parallel to Lancaster Avenue. Prospective purchasers are advised to review the conditions attached to the planning permission and review the condition discharge and associated reports undertaken by the previous developer. These can be viewed on the Breckland Council planning portal.
The current layout provides for a footpath connection and landscaping, as per the section 106 agreement, along with provision of this once completed, to the Parish Council.
A management company has been established and membership for the completed development is available.
Site Currently the site has planning permission for 12 two bedroom flats to be built in two blocks of 6 and is part of the planning ref: 3PL/2016/0084/F
Tenure: Freehold
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £960 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Development Site adj Lancaster Avenue, Watton, Thetford, Norfolk IP25 6GW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Attleborough Station7.9 miles
About the agent
Auction House, Covering East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Market position
Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.
Trusted BrandAuction House East Anglia is part of the Auction House UK group of
Industry affiliations
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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