11 Acres, 4.45 Hectares, Freehold Land with future potential for redevelopment subject to all planning consents. Stabling, paddocks for horses.
In addition, it is clear from the call for sites exercise undertaken that there is a desire and need to explore opportunities for providing additional housing to support existing and future residents and to contribute to meeting the identified shortfall of housing supply. The land is freehold and will be sold subject to an unwritten periodic tenancy at a rent of £3,850 (paid quarterly) by the occupier of the stables who uses the land for stabling and grazing horses.
The land is defined by defensible boundaries including Lower Luton Road forming the northern boundary, Cherry Tree Lane to the east, the River Lea to the south and the existing farmstead to the east.
Connect Realtime® Plus commencing at 10am and ending at 1pm, 18th May 2021. Unless Sold Prior.
This property is for sale via Auction. This is a timed auction, which requires both parties to complete the transaction within the given completion date as per the legal pack. The buyer is required to register with Connect UK Auctions in order to participate and will be required to go through an identification verification process. The lot has auction Legal Pack, available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.
UNCONDITIONAL LOT Buyer’s Premium Applies Upon the fall of the gavel. The Purchaser shall pay a deposit of 5% and buyer’s premium as per the legal pack and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion as per the legal pack.