The property offered is the freehold title CH432105, which comprises a car park and service area to a popular parade of neighbourhood shops, that extends to approximately approximately 0.39 Hectares (0.97 Acres) The site is considered to have long term development potential subject to the necessary consents being obtained and also agreement being made with the owners of the parade units to facilitate matters.
The freeholder currently charges a maintenance and insurance charge to the owners of the parade and they have entered into an agreement with a third party over control of the car park. The sale is subject to an Overage Agreement for 20 years after completion and to various other rights and a licence. Interest parties should refer to the Legal Pack for full details.
The property is situated in the Vicars Cross area of Chester, within a residential area. The city centre lies approximately 1.5 miles to the west.
Sold subject to the Licence as detailed in the Legal Pack.
There will be a Buyer's Administration Fee of £2400 (inc VAT) payable upon exchange of contracts.
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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