Lot
033
Auction Ends: 31/01/2024 12:03 - Bidding opens Tuesday 30th January 10:00 AM

Land At Victoria Street, Wheelton, Chorley, Lancashire, PR6 8JY

Property Details
Location
Auction Details
Description
A roughly rectangular shaped parcel of equestrian / grazing land extending to approximately 0.6 hectares (1.48 acres). The site comprises two fields which are separated by an access track which is a public right of way and has been used most recently for the grazing of horses. The site may be suitable for residential development, subject to obtaining the necessary planning and highway consents.
Location
The site fronts onto the Wheelton By-Pass (A674) extending to the corner of Victoria Street and adjacent to residential housing on the outskirts of the village. Junction 8 of the M61 motorway is approximately 2 miles away whilst the nearby Town of Chorley is located 3 miles to the south.
Approx Site Area
Approximately 0.6 Hectares (1.48 acres)
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 30TH OF JANUARY AND CLOSES ON WEDNESDAY 31ST OF JANUARY.

3. The subject land has been used in common with neighbouring land on its north-western boundary which is in third party ownership (the combined ownerships have together formed two fields divided by the access track). The common boundary between the ownerships will be pegged-out by the council for the purposes of the sale.

4. The sale is subject to an overage clause as detailed below;
The sale is subject to a Deed of Covenant whereby an overage assessment will be triggered in the event that either (i) the land receives planning consent for development for other than equestrian or agricultural use, or (ii) the land receives planning consent to be developed in conjunction with the adjoining land (ie the remaining part of the former combined field).The overage will endure for a period of 50 years and the council will receive a payment equivalent to 75% of any uplift in the market value (or original sale price whichever is the higher) of the Property consequent on the triggering events.
Addendum
The sale is subject to a Deed of Covenant whereby an overage assessment will be triggered in the event that either (i) the land receives planning consent for development for other than equestrian or agricultural use, or (ii) the land receives planning consent to be developed in conjunction with the adjoining land (ie the remaining part of the former combined field).The overage will endure for a period of 50 years and the council will receive a payment equivalent to 75% of any uplift in the market value (or original sale price whichever is the higher) of the Property consequent on the triggering events.

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