Lot 1 - Land at the Former Oxford Block, Lichfield Close, Barrow-in-Furness, Cumbria, LA14 5LX

  • Unconditional Online Auction Sale
  • Guide Price* : £1,000,000 plus

ON BEHALF OF CUMBRIA COUNTY COUNCIL: Part brownfield/part greenfield residential development Allocated Housing land approximately 0.94 Hectare (2.33 acres)

Description

The property comprises a parcel of part brownfield/part greenfield residential development land approximately 0.94 Hectare (2.33 acres). The land is an Allocated Housing site within the Barrow Borough Local Plan 2016 - 2031 and forms the majority (approximately 85%) of Site 19B "Thorncliffe South, Barrow" which is identified as having a indicative total yield of 35 dwellings.

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 surrounded predominantly by a mixture of semi-detached, detached and town houses.

Access is currently from Lichfield Close and within 0.5 mile are 6 primary schools rated as either Good or Outstanding by Ofsted. Barrow-in-Furness town centre is approximately 1 miles to the south. 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 (subject to Vat in addition) calculated at 0.95% of the price paid 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. 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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Minimum Opening Bid

TBA


Bidding Opens On
16th Dec 2020 10:30
End Date

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