Being sold by way of INFORMAL TENDER, 12pm Friday 12th September. Conditional and unconditional offers sought for the freehold. A fantastic development opportunity in the heart of Stanpit. Currently a collection of five, below par residential units on a large plot with direct frontage onto Stanpit and backing onto Stanpit Marsh. Serious enquiries only please.
The site currently comprises five properties – 56 Stanpit DT467355, 56a Stanpit DT467354, Flat 2 and Flat 4 56b Stanpit DT467353 (both these flats are on one title) and 58 Stanpit DT467352. Please note that absolute title is given on Flat 2 56 Stanpit ( ground floor flat), Flat 4 56 Stanpit (first floor flat) and No 58. Possessory title, indemnity available, is given on 56 Stanpit and 56a Stanpit. The properties have been in the ownership of the same family for many years. No form of structural survey has been carried out on any part of the property but it is expected that some of the construction may be sub-standard. Prospective buyers are asked to make their own planning enquiries via the local authority and legal advice.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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