Studio Other For Sale
For sale by Modern Method of Auction; Starting Bid Price £40,000 plus Reservation Fee.
Opportunity to acquire a building plot close to the heart of Wisbech overlooking the Park. Planning permission is granted under Fenland District Council planning ref F/YR15/0968/F for demolition and construction of a two bedroom end of terrace property. The property comprises entrance hallway, WC, kitchen/dining area and sitting room. On the first floor there are two double bedrooms and bathroom. Outside there is enclosed garden patio area and parking space. The current owner has also undertaken the necessary party wall agreement in order that the construction can begin swiftly.
This development is also suitable for investment buyers who may wish to build and place in a letting portfolio, the finished house has been valued by Sowerbys lettings to have a monthly rental value of approximately £700 pcm.
Full details of plans can be found on Fenland DC website searching under the reference given in this introduction.
This property is for sale by East Anglia Property Auction powered by iam-sold Ltd.
WISBECH Wisbech is an attractive and historic market town commonly known as the Capital of the Fens. Near the bridge is a monument to Thomas Clarkson, an active opponent of the slave trade. Also of interest are the two market places and the parish church of St Peter and St Paul, which has a fine 16th century tower. The Norman Castle has long since disappeared, but there is a house built from its stone by Thomas Thurloe, Cromwell's Secretary of State. Adjoining it is a great museum, one of the oldest in the country, which counts among its treasures the original manuscript of 'Great Expectations' by Charles Dickens. In the area there is very good walking and cycling, farm shops nearby, theatre - amateur and professional, a swimming pool, library, good schools- including the highly thought of Wisbech Grammar School, and a Salvation Army hall. The town is only 20 minutes from King's Lynn with its direct rail link to Kings Cross via Cambridge approx 1 hour 40 minutes. Peterborough is 35 minutes away with its national rail links.
AUCTIONEER'S COMMENTS This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by East Anglia Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.
WEBSITE TAG Investment opportunity, new home, development