Land for sale

Coal Pit Lane, Colne BB8

Offered for sale via Secure Sale online bidding (terms and conditions apply, starting bid £117,000), this exceptional parcel of land presents a rare and exciting opportunity for investors and developers alike. Extending to approximately 1.4 acres, the site benefits from full planning permission for the construction of two holiday homes, making it an ideal prospect for those seeking to capitalise on the growing demand for high-quality holiday accommodation in this desirable area. The land occupies an elevated position, affording outstanding views over the picturesque valley, creating an attractive setting for future occupants and enhancing the appeal of any completed development. Situated in close proximity to Colne town centre, the location combines the tranquillity of a semi-rural outlook with the convenience of easy access to a wide range of local amenities, shops, and transport links. The granted planning permission provides a clear route to immediate development, while the generous size of the plot may offer further potential for additional projects, subject to obtaining the necessary consents from the local authority. This flexibility ensures the site will appeal to a wide variety of buyers, from those looking to deliver bespoke holiday accommodation to investors considering longer-term strategies. The surrounding area is renowned for its natural beauty, attracting visitors throughout the year, which further underlines the commercial viability of holiday home ventures on this land. With its combination of size, location, and existing planning approval, this is a remarkable chance to acquire a substantial site with both immediate and future development potential. Interested parties are encouraged to review the planning documents and make their own enquiries regarding any further development possibilities. Secure Sale online bidding ensures a transparent and straightforward purchasing process, and early viewing is highly recommended to fully appreciate the scope and possibilities on offer. This is a unique opportunity to secure a prime development site in a sought-after location, perfectly positioned to take advantage of the local tourism market and the continuing popularity of holiday lets in the region. Do not miss the chance to invest in this outstanding site, which offers both immediate development options and the potential for further enhancement, subject to planning. For further information or to arrange a viewing, please contact our office at your earliest convenience.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are 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 marketing 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 that 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 a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers 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 and from anywhere.

Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation 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 counsel 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 from 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 £7,200 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 Marketing 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.