Development Land

Located on the outskirts of Newport Town is this extensive plot of land (Approx 1.4 acres) that has previously been used for a slab manufacturing business and due to its convenient, central location would be perfect for a builders or scaffolders yard whilst there are many other uses for this land. A couple of existing outbuildings remain in situ. There is the potential that subject to planning this plot of land could be ideal for development due to its separate access to East Cowes Road. Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.