Land for sale

Town Street, Pinxton NG16

** For Sale By Online Auction** Pre Auction Offers Considered**

A substantial development opportunity with full planning permission for the conversion and redevelopment of a former public house to provide five residential dwellings and a commercial unit.

78 Town Street, formerly known as The Three Horseshoes, comprises a vacant former public house occupying a prominent position within the village of Pinxton. The property provides an exciting opportunity for developers and investors, with planning permission already granted for a comprehensive redevelopment of the site.

Planning permission 23/00309/ful provides for the conversion and adaptation of the existing public house into three self-contained flats (2x 1 bed & 1x 2 beds) and one commercial unit, together with the demolition of the existing outbuildings and the construction of two detached dwellings to the rear.

The approved scheme therefore provides for a total of five residential units alongside a commercial unit, offering the potential for a developer to create a mixed-use scheme combining residential and commercial accommodation.

The property sits on a site of approximately 0.11 hectares (0.27 acres) and is identified by Bolsover District Council as a deliverable brownfield site with full planning permission for five dwellings.

The existing building retains a number of features associated with its former use as a public house and provides a substantial footprint for conversion. Historic marketing particulars recorded the property at approximately 3,722 sq ft, with the wider site extending to around 0.30 acres, although prospective purchasers should rely on the approved planning documents and their own measurements.

Pinxton is an established village situated close to the Nottinghamshire/Derbyshire boundary, with convenient access to surrounding towns and the wider road network, including the M1 motorway. The site therefore represents an attractive proposition for those seeking a consented residential and commercial development opportunity in an established location.

Early viewing is recommended to fully appreciate the scale and development potential of this property.

Modern Terms & Conditions -
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor reserves the right to remarket the property and the reservation fee will not be returned, they will then have a further 28 days to complete. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. Please remember that the reservation fees are payable in addition to the sale price.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.