Interested parties should contact Knight Frank Auctions for further information.

Description
A development site extending to approximately 0.23 acres, offers scope for a range of development opportunities, subject to obtaining the necessary consents. The site benefits from positive responses to pre application and follow up pre application enquiries for a residential scheme comprising a combination of houses, flats, communal gardens and associated parking. The sale comprises the freehold interest, together with two long leases (one for each flat), thus may add value to any planning process. Refer to the legal pack for details and draft plans. Prospective purchasers are to rely on their own enquiries with London Borough of Bromley[use Contact Agent Button]).

The site comprises a detached building, accessed via Highfield Drive; arranged as two self contained flats over ground and first floors, extensive gardens, two garages and off street parking. Both flats are let on ASTs (refer to the legal pack for details).

The existing building is not listed and is not within a conservation area.

Location
Bromley is a large town in Greater London, within the London Borough of Bromley. It is 9.5 miles (15 kilometres) southeast of central London and is situated directly between the South Circular and M25, thus benefits from ample road links.

The site is located on the north side of Highfield Drive, at its junction with Cumberland Road and is not within a conservation area. The locality benefits from numerous public transport links, amenities and recreational facilities.

Tenure
Freehold

Buyers Fee
The buyers fee is £1500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.