***Being sold via secure sale online bidding. Terms & Conditions apply. Starting bid £295,000 – CLOSES 17th May 1pm *** Are you looking for a development opportunity in one of the most prime locations in Billericay? Then LOOK NO FURTHER.
*****Being sold via secure sale online bidding. Terms & Conditions apply. Starting bid £295,000 – CLOSES 17th May 1pm. *****
Are you looking for a development opportunity in one of the most prime locations in Billericay? With planning permission passed for a commercial property, 2 x 2 bedroom apartments with under ground parking.
Situated at the corner of Billericay High Street and Radford Way in Billericay, this prime location is an ideal opportunity not only for an investment but also for marketing. With just a 1 minute walk to Billericay Train Station, High Street, Lake Meadows country Park and Industrial estate the footfall for a potential buyer on rebuild is incredible!
With GDV calculated at approximately £1.2 million (buyer is encouraged to do their own research and comparable’s), The commercial property will be highly sought after once built due to the desirable location and footfall. With 2 SPACIOUS 2 bedroom apartments ideal for commuters, the development will be in high demand.
Please note the plans that have been passed are slightly outdated with the build not in full swing but the council have confirmed these are still valid as the “first brick” has been laid.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainly for all parties.
Pattison Auction are working in Partnership with the marketing agent on this online auction sale and referred to below as ‘The Auctioneer”.
This auction lot is being sold either under conditional (modern) or unconditional (traditional) auction terms and overseen by the auctioneer in partnership with the market agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The auctioneers website.
Please be aware any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The auctioneer in order that all matters can be dealt with effectively.
The property is being sold via transparent online auction. In order to submit a bid upon any property being marketed by The auctioneer, all bidders/buyer will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal document enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the council of a solicitor prior to proceeding with any property and/or land title purchase.
AUCTIONEERS ADDITIONAL COMMENTS
In order to secure the property and ensure commitment rom the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Market Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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