Lot 34 Former Sub Station, off Stone Lane, Worthing, BN13 2BB

Bidding Closed

SOLD FOR

£23,400

Property Enquiries

Simon Riggall

simon.riggall@bidx1.com
+44 (0) 7732 681 151

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Francesca Maran

francesca.maran@ukpowernetworks.co.uk
01293 657 782
Description
Map
Viewings

Property Summary
  • By order of UK Power Networks
  • Former electricity substation
  • Freehold
  • Vacant possession
  • Residential location
  • Potential for alternative use
Tenure

Freehold

Location

Worthing lies upon the coast of West Sussex at the foot of the South Downs National Park, 10 miles west of Brighton, 18 miles east of Chichester and 50 miles to the south of London. With an estimated population of about 110,000 Worthing forms a part of the  Brighton/Worthing/Littlehampton conurbation, which makes it part of the 15th most populous urban area in the United Kingdom.
Road communications are excellent with Worthing lying along the south side of the A27 south coast trunk road, at its junction with the A24 London Road.
Worthing grew from a small mackerel fishing hamlet into an elegant Georgian seaside resort attracting the well-known and wealthy of the day in the mid 18th Century.
Today Worthing has a large service industry, particularly in financial services, three theatres, one of Britain's oldest cinemas, the Dome, and is famous for its pier.
Stone Lane lies in an established residential area on the north side of the town a short distance south of the A27 and its junction with the A24 to London

Description

The property comprises the site of a former electricity substation set back to the rear of 61 Stone Lane and adjoining properties. Approached via a driveway alongside 61 Stone Lane, the property comprises a well fenced compound from which the substation has been removed so providing potential for storage or parking.

Accommodation

Note: A buyer’s premium of £450 inclusive of VAT for legal fees and £360 inclusive of VAT for surveyors fees as set out in the special conditions of sale will be payable by the purchaser upon completion.

VAT
VAT Not Applicable.

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


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