• Freehold Site Comprising Four Lock-Up Garages

• Vacant

• Investment and asset management opportunity

• May offer longer-term development or alternative use potential, subject to obtaining all necessary consents

• To be offered for sale via Knight Frank Auctions on 10th December (will not be sold prior)

Property Description

On the instructions of a Housing Association.

A freehold site comprising a terrace of four lock-up garages, offered with vacant possession and situated within the established village of Upper Benefield. The property extends to the area shown edged red on the sale plan and presents an affordable investment and asset management opportunity.

Whilst no planning permissions are currently in place, the site may offer longer-term development or alternative use potential, subject to obtaining all necessary consents. Purchasers are deemed to rely on their own enquiries in this regard.

Location

The property is situated in the village of Benefield, approximately 4 miles south-east of Oundle and 8 miles south-west of Peterborough. The garages are located off Coronation Crescent within an established residential area and are well placed to serve local residents and nearby property owners. The surrounding area benefits from good road connections via the A427 and A605, providing access to the wider region.

Occupancy

Vacant

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.