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Lot 5
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The former site of, Westgrove House Westgrove House, Mendlesham Green, Stowmarket, Suffolk, IP14 5RF

Sold for £33,000
Parcel of land in Mendlesham Green... medium to long-term potential

Property Details

Description

We are delighted to bring to the auction market this parcel of land in the pretty residential hamlet of Mendlesham Green North of Stowmarket, with good access to the A14/A140. Within the last decade the current Vendor was granted planning permission for residential development. However, the resulting construction was non-compliant and an enforcement notice was implemented for the demolition of the said building.

Since this time, no firm plans have been established for any potential redevelopment and our Vendor-Client is of a mind to dispose of the now-vacant land.



IMPORTANT NOTE

The Lot is offered with an overage clause of £30,000, which will become due if the site is granted residential development.

Key Features

  • PARCEL OF LAND
  • RESIDENTIAL HAMLET
  • ACCESS TO A14 / A140
  • SITE NOW VACANT
  • MEDIUM TERM OUTLOOK
  • OVERAGE CLAUSE
Tenure

Freehold

EPC

N/A

Viewing

No appointment required

Solicitors

Mrs Hannah Mason
Gotelee Solicitors
31-41 Elm Street
Ipswich
IP1 2AY

Location

The former site of, Westgrove House Westgrove House, Mendlesham Green, Stowmarket, Suffolk, IP14 5RF

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £900 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.