Land on the south west side of Quibells Lane, Newark, NG24 2AL
+44 (0) 7732 681 151
Viewing/ Registration Enquiries
BidX1 Support Team
+44 (0) 20 7703 4401
+44 (0) 333 320 2220
By order of Severn Trent
0.89 hectares (2.20 acres)
Development opportunity (subject to consents)
This Lot will not be sold prior to auction
Newark-upon-Trent is located approximately 18 miles north of Grantham and 20 miles east of Mansfield, alongside the A1 and on the the London East Coast mainline. The site is well connected and is within close proximity to the A46, A617 and A1 trunk roads and is less than one mile from the town centre.
The site is situated on the south side of Quibells Lane close to the train station.
The approximate position of the property can be located as follows: Grid Reference: SK803552 www.gridreferencefinder.com
The property comprises a level site of approximately 0.89 hectares (2.20 acres) with houses immediately to the east and commercial to the west. It is bound immediately to the north by a field, to the east by Sevenhills Community Centre, houses to the south and railway lines to the west.
We understand that utility services including water, foul sewerage, electricity, gas and telecoms are located in the public highway. Interested parties should refer to the legal pack and make their own enquiries to satisfy themselves on the availability of any service.
Note: Interested parties should read the legal pack for further information relating to easements and overages, for example, that may be applicable to the site.
Dalcour Maclaren have provided an independent planning appraisal for the site that can be downloaded from the legal pack. Part of their Executive Summary states:
"Four potential re-uses have been identified other than the re-use as grazing land: - Creation of residential dwellings (either smaller multiple terraces or flats) - Affordable homes, sheltered housing or a care home - Mixed use combination - Commercial/industrial in line with other local businesses The site has been identified and allocated a part of a larger site for residential development by the LPA. Notwithstanding the LPA conclusions on housing over the site, the location adjacent to existing commercial uses suggests there may be the opportunity for further commercial development here. There may require further representations through the local plan review process to amend the local plan use site allocation. Subject to viability and scheme/site specific considerations, the site offers opportunity for a variety of uses."
The above is for information purposes and should be read in conjunction with the full report contained within the legal pack. Further enquiries should be directed to: Newark & Sherwood District Council www.newark-sherwooddc.gov.uk
VAT Not Applicable.
Land on the south west side of Quibells Lane, Newark, NG24 2AL
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*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.
The reserve price is the minimum price at which the property can be sold at auction.
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.
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).
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.
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.
Please note that Lots may be sold or withdrawn prior to auction.
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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WARNING: If your Max Bid is below the Reserve Price a bid will automatically be placed for your Max Bid amount, assuming no counter bids have already been placed for an amount greater than or equal to your Max Bid.
WARNING: If your Max Bid is equal to the Reserve Price a bid will automatically be placed for your Max Bid amount, i.e. the Reserve Price, assuming no counter bids have already been placed for an amount greater than or equal to your Max Bid.
WARNING: If your Max Bid is greater than the Reserve Price a bid will automatically be placed for you at the Reserve Price, assuming no counter bids have already been placed for an amount greater than or equal to the Reserve Price.If such a counter bid has been placed, the system will bid for you until a bid exceeds your Max Bid amount.
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