FREEHOLD OPPORTUNITY – LAND WITH BUILDING & FOUR PARKING SPACES

Sell New Group are pleased to offer for sale this unusual FREEHOLD OPPORTUNITY, situated within the established Royal Court development, just off Eye Road, Peterborough.

The sale comprises a defined parcel of FREEHOLD LAND, together with an existing single-storey building and FOUR PARKING SPACES included within the sale.

THE BUILDING

Constructed predominantly of brick beneath a pitched tiled roof, the building is currently in a derelict condition and requires substantial refurbishment and improvement. As such, the property presents an interesting opportunity for builders, developers, investors or owner-occupiers looking to acquire a freehold building and land with potential to add value.

Subject to obtaining all necessary planning permissions, building regulations approval and other statutory consents, a purchaser may wish to investigate the potential to refurbish, convert, alter or redevelop the existing building.

No representation or warranty is made by the seller or Sell New Group that planning permission, change of use or any other consent will be granted for any particular use or development.

LAND & PARKING

The property occupies a tucked-away position within the established Royal Court development and benefits from existing vehicular access.

Four parking spaces are included within the freehold sale, providing an additional benefit for a purchaser considering the future use of the property.

The property is offered as seen and in its existing condition. Prospective purchasers must satisfy themselves through their own inspection, survey, legal enquiries and professional advice regarding the condition and structural integrity of the building, boundaries, title, rights of access and the suitability of the property for their intended purpose.

SERVICES & UTILITIES – BUYER’S DUE DILIGENCE

No representation or warranty is given by the seller or Sell New Group regarding the presence, availability, location, condition, capacity or connection of any mains services or utilities to the land or existing building.

Prospective purchasers must undertake their own investigations and enquiries to establish the availability and location of all services, including but not limited to electricity, mains water, foul and surface water drainage, gas and telecommunications.

The purchaser will be responsible for establishing whether any existing connections are present, operational or suitable for their proposed use and for determining the feasibility and cost of providing, connecting, upgrading or reinstating services where required.

Any costs associated with new connections, diversions, upgrades, infrastructure works or utility company requirements will be the responsibility of the purchaser unless otherwise expressly agreed within the legal contract.

ESTATE CHARGE
We have been informed that there will be an estate charge associated with this sale, currently awaiting confirmation from the managing agent Sheridans Estates.

PLANNING & PROPOSED USE

The land and building do not currently benefit from planning permission for redevelopment or an established lawful use for commercial storage or any other specific alternative purpose.

Any proposed refurbishment, conversion, redevelopment, change of use, open storage, commercial, industrial or other use will be entirely subject to the purchaser obtaining all necessary planning permissions, statutory consents, licences and approvals.

Prospective purchasers must rely upon their own investigations and professional advice regarding planning, flood risk, environmental matters, access, highways, services, utilities, boundaries, title and all other matters affecting the property.

The seller and Sell New Group give no warranty or representation that planning permission or consent for any particular use or development will be granted.

VIEWINGS

Viewings are strictly by prior appointment only and must be undertaken during daylight hours.

Due to the current condition of the building, purchasers should exercise appropriate care when inspecting the property. Please contact Sell New Group to arrange an accompanied inspection.

IMPORTANT NOTICE

All information is provided in good faith but must not be relied upon as statements or representations of fact. Prospective purchasers must satisfy themselves by inspection, survey, legal enquiries and independent professional advice regarding planning, measurements, boundaries, access, services and utilities, flood risk, environmental matters, structural condition, legal title and the suitability of the property for their intended use.

Any proposed use, alteration or development will be subject to obtaining all necessary statutory and other consents.

Buyer’s Administration Fixed Fee: The successful purchaser will be required to pay an administration fee of £2,500 (inclusive of VAT) in addition to the agreed purchase.

DISCLAIMER

Sell New Group are acting as agents for the vendors of this property. Your conveyancer is legally responsible for ensuring that any purchase agreement fully protects your position.

We make detailed enquiries of the vendor to ensure that the information provided is as accurate as reasonably possible. Please inform us if you become aware of any information that may be inaccurate.

RESERVATION REQUIREMENTS

On reservation, Sell New Group will require:

AML identification checks for all purchasers
Proof of deposit and/or proof of funds
Mortgage Agreement in Principle, where applicable
Selling estate agent’s details, where applicable
A £2,000 non-refundable reservation deposit, which will be deducted from the agreed purchase price on completion

The reservation is made strictly on the basis that all parties will work towards a four-week exchange of contracts deadline, commencing from the date the purchaser’s solicitor receives the legal contract documentation.

Prospective purchasers should ensure that they are satisfied with the above requirements and seek appropriate legal advice before paying any reservation fee.

A rare opportunity to acquire a FREEHOLD BUILDING, LAND AND FOUR PARKING SPACES within an established Peterborough location, offering scope for a purchaser prepared to undertake the necessary investigations and works.

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