Land At Junction Of Sedgeley Road West And Neptune Street, Tipton

SUMMARY
Connells are pleased to present an exciting opportunity to acquire a plot of land in a prime location, which comes with approved planning for the construction of nine apartments. This property is being offered through the modern method of auction.

DESCRIPTION
A unique opportunity has arisen for developers and Build-to-Rent investors with the availability of freehold development land in Tipton, located at the junction of Sedgley Road West and Neptune Street. This site, measuring 0.190 acres or 8,276 square feet, comes with full planning permission for the construction of nine self-contained apartments making it a shovel-ready project.

All essential surveys have been completed, including mining and borehole investigations, ensuring the site is primed for immediate development. All pre commencement conditions have been satisfied, All fees to council have been paid including the cill bill or levy charge. The project also includes provisions for car parking and landscaping, catering to the needs of future residents. Given the strong demand for rental and resale properties in the area, coupled with excellent transport links to the A4123, M5, and local connections, this site presents an ideal investment opportunity. For further details, please refer to Planning Reference DC/24/69308 or call Connells Dudley.

Please note that an AML fee is chargeable once an offer is accepted to cover the cost of carrying out the required identify and anti-money laundering checks.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.