Lot 4 - Land To the South West of the, A610, Giltbrook, Nottinghamshire, NG16 2DE
- Unconditional Online Auction Sale
- Guide Price* : £100,000 plus
- Land
- Approximately 5.50 hectares (13.50 acres)
- Adjacent to a main A Road
ON BEHALF OF COURT APPOINTED RECEIVER: Land approximately 5.50 hectares (13.50 acres)
Description
The property comprises a rectangular parcel of land, that is divided up into a number of fields. There is a small stable block comprising 6 boxes in the north western boundary. The land is roughly bisected by a Y shaped stream. The main entrance is on the western boundary, from the access track that leads off the A610. Please note that the land adjoins a larger site that is a preferred site for Strategic Distribution in the Greater Nottingham Strategic Plan: https://democracy.broxtowe.gov.uk/documents/s27196/Preferred%20Approach%20Logistics%20Consultation%20Document%202023%20PDF.pdf and https://democracy.broxtowe.gov.uk/ieListDocuments.aspx?CId=229&MId=3966
Location
Situated in rural location, albeit just outside the urban fringe of Newthorpe, on the southern side of the A610 which is a dual carriage way that links with junction 26 of the M1 motorway approximately 2.5 miles to the east. The site is approximately 7 miles northwest of Nottingham city centre.
To the west are a number of leisure uses including the ground of a local football club, a shooting range and a RC car racetrack.
Tenure
Freehold. We note on the Title Register that there is a restriction noted in favour of Sidney Hackett Limited. This relates to a development claw-back provision contained in the Transfer dated 22nd May 2009 . The period of the claw-back appears to be until 1st August 2036 and requires a payment of 50% of the Overage Value. This value is calculated as being the Enhance Value (market value upon grant of planning permission) less the Base Value (market value prior to and without the benefit of the grant of planning permission). Interested parties must obtain their own independent advice in this regard.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
1. The property is being sold under Proceeds of Crime legislation. The land will be sold subject to any occupation, tenancies or licences that may exist but the seller can provide no confirmation in this regard and interested parties should rely on their own enquiries. The land is believed to be used as grazing for horses by persons unknown.
2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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