55 Copeley Hill, Birmingham, West Midlands, B23 7PH
- Conditional Online Sale
- Offers in Excess of : £1,450,000
Description
*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).
land
Lease information: 125 years from and including 15 January 2015
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 bidding.
A Legal Pack is available for this property and should be reviewed carefully before bidding. 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.
Tenure
LEASEHOLD
Comments
This property is offered for sale via the Reservation Fee Service which is a flexible and buyer friendly method of purchase. The purchaser will be given 90 working days in which to complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Merchant are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Merchant authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Merchant.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable Buyer’s Premium of £34,800 including VAT, plus a legal pack charge of £396 including VAT, a total of £35,196. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and legal pack charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Energy Performance Certificate(EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines.Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient.The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method.EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type.The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared.During this period the EPC may be made available to buyers or new tenants.
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Additional Documents
Reservation Fee Buyer GuideLegal Documents
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