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Swannington, Coalville Land for sale
Swannington, Coalville
£37,500
Swannington, Coalville
£37,500
Our Summary
- * For sale by online auction (subject to sale prior, reserve and conditions) *ServicesIt is understood that there is mains water available
- CovenantsThe land is sold subject to restrictive covenants, further details on which are available in the auction pack
- OverageThe land will be sold subject to an uplift provision which will specify that 25% of any increase in value due to development (as defined in Section 55 of the Town and Country Planning Act 1990) will be payable to the Vendors or their successors in title should such development occur within 40 years from the date of completion
- The uplift will be payable upon implementation or on a future sale with the benefit of a planning consent but shall not be triggered by any development for agricultural and/or equestrian purposes
- The land is also subject to an existing uplift provision whereby 50% of any increase in value due to development (as outlined above) will be payable to the previous Vendors should such development occur before 3rd September 2037
- Further details are available in the auction pack
- Method of saleThe property is to be sold by online auction
- Finance your purchaseIf you require advice on how to finance a purchase through auction, please go to our trusted partners, or ask our team for further details
- Important noticesThis property is available for sale by online auction
- Full details can be found on Fisher German’s online auction page Legal packA legal pack and any special conditions will be available on Fisher German’s online auction page and interested
- For Sale by Online Auction
Description
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Here is a summary of the property description in a single paragraph:
A 1.15-acre grassland property is for sale by online auction, situated on the outskirts of the semi-rural village of Swannington. The property is to be sold freehold with vacant possession, and it is understood that mains water is available. However, none of the services have been tested by the selling agents. The property is subject to various conditions, including public rights of way, wayleaves, and easements, as well as restrictive covenants. The boundaries and ownership of the land are not guaranteed, and the vendor will not be responsible for defining them. Additionally, the property is subject to an uplift provision, which requires the buyer to pay 25% of any increase in value due to development, and an existing uplift provision that requires the buyer to pay 50% of any increase in value due to development before a certain date.