Lot 1, Land Off Bay Road, Gillingham, SP8 4HX

FOR SALE BY ONLINE AUCTION - A well located parcel of Grazing land totalling approximately 4.36 acres. The land is unfenced at present and slopes gently with the River Lodden in one corner and no mains water supply. It should be noted that the land holds long term future development potential and as such will be sold with a covenant in place for a period of 40 years giving the existing owners and their successors a right to 25% of the uplift in value should it become redeveloped during this time. Auction Information - This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. Auction Information Continued - PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the legal pack', if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors. **Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction. **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above a single figure guide price or if a guide price bracket is quoted the reserve will fall somewhere within those figures. The Land - Set amongst similar plots of Grazing land we are pleased to offer this one for sale. It is approximately 4.36 acres of gently sloping, unfenced Grazing land with a small corner of the land abutting the River Lodden. There is no mains water on site. We believe that there is future long term development potential to this site and as such there will be a covenant placed on the land, details of which are shown below. Please note that there is a Public Footpath that crosses the land and within any fencing of the perimeter, it must allow access to pedestrians. Covenant - The land will be sold with a Covenant in place to allow the sellers and their successors for a period of 40 years from the date of sale a 25% uplift in value should the land be incorporated within any future development. Collective Lots - The site is sold in conjunction with Lot 2 and is available separately or can be bought by the same purchaser. Details of Lot 2 can be found here: Directional Note - From the centre of Gillingham proceed North towards Milton on Stour and at the roundabout on the junction with Le Neubourg Way and the B3092 take the second exit onto Queens Street which becomes Bay Road. Continue along here and up the hill past The Malthouse and just past the junction with Bowridge Hill, the entrance will be found on the right and signified by our For Sale board. Please Note - All measurements quoted are approximate and for general guidance only. The fixtures, fittings, services and appliances have not been tested and therefore, no guarantee can be given that they are in working order. Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property. 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