Land (commercial) for sale

£140,000 Guide Price

Floorplan

Starting price 140,000 Being sold via Secure Sale online bidding. Terms & Conditions apply Land opportunity with three greenbelt plots situated in Edenbridge. The land is situated off Hever Road and is adjacent to existing residential homes and commercial premises.
The land could be used for a variety of uses and potential development subject to all the
necessary planning consents and is approaching 3 acres.

Description - Land opportunity with three agricultural plots situated in Edenbridge. The land is situated off Hever Road and is adjacent
to existing residential homes and commercial premises.
The land could be used for a variety of uses and potential development subject to all the
necessary planning consents.
The land is open plan split into three sections -A B and C and is to be sold via modern route of auction

Location - Situated on a quiet lane on the outskirts of Edenbridge a short distance from the town centre, The land is a short drive from Edenbridge town centre, Waitrose, Lidl and Edenbridge Town railway station with its direct links into Central London. Stangrove Park and Edenbridge Leisure Centre are also within easy reach. There are also sought-after schools in the town and more in the nearby villages including the sought-after primary schools in Four Elms, Crockham Hill and Chiddingstone a short drive away. The motorway network can be accessed at junction six of the M25 and Gatwick Airport can be reached by car in twenty-five minutes.

Convenants - 'THE Land Owner hereby covenants with the Board so as to benefit and
protect the said rights that it will not on the parts of the said land
lying within Five feet of each side of any gas main or pipe laid or to
1 of 2
C: Charges Register continued be laid in exercise of the said rights erect any building boundary wall
or other erection of any kind nor on such parts of the said land alter
the surface level thereof nor plant trees or shrubs therein nor damage
or suffer to be damaged any such gas main nor do or suffer to be done
anything which may interfere with the free flow and passage of gas
through any such gas main PROVIDED that nothing herein contained shall
operate to prevent or hinder the Land Owner selling or otherwise
disposing of the said land should it at any time desire to do so
subject to the said rights PROVIDED further that nothing in the clause
contained shall prevent the Land Owner from erecting boundary fences
across the line of the main PROVIDED that no substantial post or other
support for such fence shall be erected at a distance from the main of
less than Two feet.'

2 The land is subject to the following rights granted by a Deed dated 28
April 1959 made between (1) Fairfield Property Investments Kent Limited
(Land Owner) and (2) South Eastern Gas Board:-
The easement privilege right and liberty of laying constructing
maintaining and using mains and pipes for carrying gas of a size
hereinafter mentioned in and under the said land the positions of such
mains and pipes being indicated by red lines on the said plan and of
inspecting maintaining repairing altering and renewing such mains and
pipes and of obtaining access to the same at all reasonable times (and
in emergency at any time) for any of such purposes Together with the
easement privilege and right of support for the gas mains and apparatus
from the subjacent and adjacent land and soil including minerals of the
Land Owner.Size of Mains Yards in Length 10 inch 193
NOTE: The red lines referred to are shown by a blue broken line on the
title plan.
3 (20.12.2002) The land is subject to the rights granted by a Deed dated
11 December 2002 made between (1) Trevor James Burrage and Anthony
Maurice Burrage and (2) The Incorporated Trustees of the Care Fund
Charity.
The said Deed also contains restrictive covenants by the Grantor.
NOTE: Original filed under K795846.
4 (01.06.2020) A Transfer of the land in this title dated 6 April 2020
contains restrictive covenants.

5 (04.03.2021) The land is subject to a profit a prendre for grazing
rights. The extent of this right, having been acquired by prescription,
may be limited by the nature of the user from which it has arisen.
NOTE 1: The profit a prendre in gross is registered under title number
TT114091.
NOTE 2:- Copy Statutory Declarations dated 12 August 2020 and 21
September 2020 made by John Smith filed under TT114091.
There is no vehicular right of way

Auction Notes - Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as The Auctioneer. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 111200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 3500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 6200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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