For Sale By Auction | 11:00, 23 October 2024 | Lot 74

Development Site adj Lancaster Avenue, Watton, Thetford, Norfolk IP25 6GW

Sold £222,000

  • Land
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 23/10/2024

Auction Time

11:00

Auction Venue

Livestream Auction

Development opportunity on substantial plot with full planning permission for 12 two bedroom flats within recently completed residential development.

The site extends to 0.45 acres (stms) and benefits from full planning permission for twelve 2 bedroomed flats, under ref 3PL/2016/0084/F with Breckland Council. The site forms part of a larger residential development, which has recently been completed. This final parcel offers the opportunity for the construction of flats either for sale, or investment. Alternatively, there may be potential for various other uses, including housing, subject to the grant of planning permission. Existing services are in close proximity to the site, and both a foul and surface water drainage system are in situ. There has been no restriction on construction of the site by nutrient neutrality since construction commenced in 2018. A natural pond existed on part of the site. The contents of this were removed by the previous developer and a barrier constructed along the pond boundary, parallel to Lancaster Avenue. Prospective purchasers are advised to review the conditions attached to the planning permission and review the condition discharge and associated reports undertaken by the previous developer. These can be viewed on the Breckland Council planning portal. The current layout provides for a footpath connection and landscaping, as per the section 106 agreement, along with provision of this once completed, to the Parish Council. A management company has been established and membership for the completed development is available.

Tenure

Freehold

Site

Currently the site has planning permission for 12 two bedroom flats to be built in two blocks of 6 and is part of the planning ref: 3PL/2016/0084/F

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Breckland Council

Solicitors

Birketts (Norwich), Ref: Anna Chapman, Tel: 01603 756469

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £960 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.