***this land will be offered for sale by auction on the 13th February at the Cedar Court Hotel in wakefield, WF4 3QZ. Registration from 6.30PM, auction starts at 7PM*** For sale by Modern Method of Auction; Starting Bid Price £15,000 plus reservation fee. Subject to an undisclosed reserve price. A valuable parcel of freehold land extending to 123 square metres (0.03 acres) in this popular residential area. With a frontage of around 6 metres (19'8") and a depth of around 20 metres (65'7"), this relatively level piece of land currently houses pre-fabricated garage.
Nearby plots of land have the benefit of planning permission for residential development, but this particular plot does not have such permission.
Pearson Street is a popular street in Altofts, which itself is a well regarded village with a primary school and a variety of local shops and recreational facilities. A wider range of amenities are available in the nearby town centres of Normanton and Castleford and the national motorway network is readily accessible with Junction 31 of the M62 motorway around 1 1/2 miles away. This property is for sale by West Yorkshire Property Auction powered by iam-sold ltd.
Auctionterms&conditions 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 buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 days in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts 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 make payment of:
- A non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT - this is subject to a minimum of £6,000.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market. The Reservation Fee is paid in addition to the final negotiated selling price.
- A non-refundable Buyer Information Pack fee of £200.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by iam Sold. The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase.
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 for this must be sought from your legal representative. The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed. A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded 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 West Yorkshire Property Auction powered by iam Sold Ltd.
Enquiries Please contact our Normanton office and they will be able to assist you with any enquires.
Pleasenote This property is located in an area which may be affected by the proposed Phase Two of the high speed rail network link known as HS2. A map showing the proposed route is available from our Normanton office. Full details are available online by visiting the HS2 portal at .
Property descriptions and related information displayed on this page are marketing materials provided by Richard Kendall. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Richard Kendall for full details and further information.
Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.