£1,450,000
Land for saleCopeley Hill, Birmingham B23
Added on
About this property
Magnifient development opportunity
Full planning permission granted with road access
2 & 3 bedroom homes
Convenient location
Ready for development, including the road
Being Sold by goto Reservation Fee Process
Property removed from the market once reserved
90 working day Reservation Period
Non-refundable buyer's fees apply
*full planning permission in place for the development of 24 new houses*
A fantastic opportunity for a brand new development of two and three bedroomed houses within a convenient location that is less than four miles from Birmingham City Centre. Copeley Hill is a residential road close to spaghetti junction.
In relation to stamp duty, there is none to pay as the purchaser is buying the company, gb Property Link Ltd, which owns the land as its only asset. All the paperwork, share agreements etc has been completed and is with solicitors.
S106 contribution is payable on the sale of the 8th house at £105,000 but still can be negotiated (£0 for housing association).
This property is being offered for sale using the goto Reservation Fee Process. If your offer is accepted,
you'll enter into a Reservation Agreement and pay a non-refundable Reservation Fee of 2% plus VAT
(in addition to the agreed purchase price) before solicitors are instructed. The Reservation Fee secures the property, removes it from the market and helps provide greater certainty for both buyer and seller whilst the transaction progresses.
Buyer's Fees :
The successful buyer will be required to pay the below non-refundable fees:
• Reservation Fee: £2% + VAT (payable in addition to the agreed purchase price)
• Legal Pack Fee: £396.00 including VAT
Where a Buyer Information Pack has been prepared by goto Group, the successful buyer will be required to pay a non-refundable fee of £396.00 including VAT towards the cost of its preparation. This pack can then be used by your solicitor to help progress the transaction. The Reservation Fee may be taken into account when calculating Stamp Duty Land Tax.
Material information:
If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before committing to the purchase. A Legal Pack is available for this property and should be reviewed carefully before proceeding. Neither goto Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it. Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.
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This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.
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