Lot 1 - Hoops Basketball Centre and Surrounding Land, Thorncliffe Road, Barrow-in-Furness, Cumbria, LA14 5QA

Unconditional Online Auction Sale
Guide Price* : £50,000 plus

Site extending to a total of 1.90 hectares (4.7 acres)
Land
Residential Area

ON BEHALF OF CUMBRIA COUNTY COUNCIL: Land in a residential area approximately 1.90 hectares (4.7acres) part of which is sold subject to a long leasehold to the Hoops Basketball Centre

Description

The property comprises a site extending to a total of 1.90 hectares (4.7 acres). Part of the site, occupied by the Hoops Basketball Centre, approximately 0.28 hectare (0.69 acre) is subject to a long leasehold interest which expires in 2048 at a peppercorn rent. The rest of the site includes a car park, a small single storey garage and areas of open land. Part of the site is allocated as "Green Wedges" within the Barrow Borough Local Plan 2016-2031 and part is unallocated. Interested parties should consult direct with the Local Planning office to determine the development potential.

Location

The property lies in a residential area with relative higher house prices and higher proportions of AB and C1 households for the town, with the site having near by predominantly a mixture of semi-detached, detached and town houses. Barrow lies at the tip of the Furness peninsula close to the Lake District whose western boundary is within 12 miles, being bordered by Morecambe Bay, the Duddon Estuary and the Irish Sea.

Tenure

Freehold.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £3,000 (inc VAT) payable upon exchange of contracts.

Additional Information

1)The Local Planning Office is The Borough of Barrow In Furness, Town Hall, Duke Street, Barrow-In-Furness Cumbria, LA14 2LD Tel: 01229 876 543

2) REVENUE CONTRIBUTION The sale of the property does not attract VAT The successful bid will comprise two elements:
1. The Purchase Price
2. 20% Revenue Contribution
For Example: Successful Bid £100,000 Purchase Price £80,000 Revenue Contribution £20,000.
This principle will apply to all levels of bids and the purchase price and revenue contribution will be recorded and invoiced separately.

3) 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.

4) 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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