Next auction Thursday 25th April 2.30PM

Residential Development Land, High Street, Ingoldmells, Lincolnshire, PE25 1PW



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Guide price

£375,000+


Property Type

Land


Key Features

  • A broadly 2 acre parcel of residential development land
  • Outline planning for the construction of 29 dwellings
  • Prime central seaside location

Part of the 17 August 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire 2 acres of residential development land with secured planning permission for the construction of 29 dwellings in the heart of this popular seaside resort on the east Lincolnshire coastline.

  • A broadly 2 acre parcel of residential development land
  • Accessed from both High Street and Skegness Road (A52)
  • 4 miles from the seaside resort of Skegness
  • One of the largest containments of mobile homes in Europe
  • Opposite Tesco Express in the retail centre of the town
  • A short distance from Ingoldmells beach
  • Near Fantasy Island, Butlins and Skegness Golf Centre
  • Full planning for the construction of 29 dwellings
  • Approximate GDV of scheme circa £6.27m*
  • * Estimated GDV depending on spec and market conditions
  • Architects plans available showing the proposed layout
  • House layout plans and elevational drawings available
  • No affordable housing
  • The remaining structures to be demolished by Buyer
  • Planning Reference S/090/821/05

Contact Auction Estates on 0115 7844600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold with vacant possession

Email: sgoodacre@abg-law.com
Telephone: 0115 934 3325

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