FOR SALE BY ONLINE AUCTION ENDING 7TH MARCH 2025 AT 12PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
RARE AND EXCITING OPPORTUNITY! A fantastic chance to acquire this prime plot of land, presenting huge potential for development. Currently granted planning permission for the construction of one large, four-bedroom detached property with an integral garage, this site is perfect for investors and those looking to build their own dream home. Situated in a highly sought-after location, the plot offers excellent access to local amenities, schools, and transport links, with instant access to the A1 motorway, providing easy routes to Durham, Newcastle City Centre, and Sunderland. For further details on the current planning permission, including reference codes, please get in touch or visit the Government planning website. A rare chance to create something truly special don't miss out!
Terms & Timescales This property is being sold subject to unconditional purchase premium auction terms and conditions. Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack A legal pack is available for this property. We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,000) which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees There is no fees applicable for this plot.
More Information For further information please contact our auction department on 0191 4870011 or email auctions@sarahmains.com
Online Auction Notice I hereby acknowledge and confirm the following:
Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
The auction will continue to run if there is a bid within 5 minutes of the closing time. After 5 minutes without a bid, providing the reserve price has been met, the highest bidder will be successful. If there is another bid within 5 minutes of the last bid, the auction countdown timer will be restarted for another 5 minutes to allow further bidding. This system makes it fairer for all parties involved and prevents last second bidding. Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late, and reserves the right to reject any bid without notice.
Estate Agents Act 1979 AS PER THE ESTATE AGENTS ACT 1979 WE HEREBY DISCLOSE THAT THE SELLER OF THIS PROPERTY IS RELATED TO AN EMPLOYEE OR DIRECTOR OF SARAH MAINS RESIDENTIAL.
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