Land for sale in Building Plot Adj, 38 Victoria Street, Lincoln, Lincolnshire LN1

Modern Method of Auction - T & Cs Apply **city centre residential building plot**

A rare opportunity to acquire this residential building plot, with planning approved (Planning ref 2023/0392/cxn City of Lincoln council) for a detached dwelling in the heart of the Cathedral City of Lincoln. The plot is accessed from Victoria street and is the last remining dwelling to be built of the successful Bailgate Mount Development. The completed dwelling would create a fantastic city centre residential home, or an excellent investment opportunity.

For further information please contact the selling agent.

Agents note - The pictures are CGI image for illustration only.

Buying Conditions

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows 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. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation 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 Information Pack

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Situation

Victoria Street is situated within the City Centre of Lincoln off West Parade.

Planning Permission

Planning Permission was granted by Lincoln City Council on 2nd August 2023 under ref 2023/0392/cxn for the erection of a 2 bedroom detached dwelling, a copy of the planning permission is available upon request from the sole selling agent's office.

Local Authority

Lincoln City Council, Beaumont Fee, Lincoln, LN1 1DD

Services

Purchasers are advised to make their own investigations into services.

Plans, Areas And Boundaries

The areas and plans attached to these particulars have been produced in good faith. They are for illustrative purposes only and their accuracy is not guaranteed. The successful purchaser will be deemed to have full knowledge of all boundaries and neither the vendors nor their agents will be responsible for finding the boundaries for the ownership thereof.