House For Sale Stud Lane, St. Albans, AL3

£60,000

Auction Property
1 of 6
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 23rd April 2024

Description

DESCRIPTION:\r
Strategic Land. Plot 9. Freehold Land in an Excellent Location. Future potential for various development, subject to all necessary consents. Prospective purchasers must rely solely on their own enquiries.\r
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ACCOMMODATION:\r
Circa 0.2 Acres / 809.37 Square Metres / 8,712 Square Feet.\r
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Vehicle Access / Right of Way from Harpenden Road.\r
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PLEASE NOTE THERE ARE NO RESTRICTIONS TO ERECT FENCES, ACCESS GATES ON THE BOUNDARIES OR ACROSS THE LAND.\r
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LOCATION:\r
St. Albans is a city in the commuter belt north of London, England. Its vast centuries-old cathedral features medieval wall paintings. Nearby, Verulamium Park has ornamental lakes and the remains of the city's ancient Roman wall. Also here is the Verulamium Museum, displaying artefacts from the city’s Roman past, including mosaics and the Sandridge Hoard of gold coins. A 2nd-century Roman theatre stands nearby.\r
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TENURE:\r
Freehold.\r
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AUCTION DATE:\r
Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Tuesday 14th May 2024.\r
The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Land Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.\r
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UNCONDITIONAL LOT:\r
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).
Agent Details
Connect-UK
Connect UK Auctions Head Office Richmond House 105 High Street Crawley West Sussex RH10 1DD

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested