Myrtle Cottage, Hanbury Road, Hanbury - Investment Opportunity, subject to a lifetime tenancy

** For sale by online auction (subject to sale prior, reserve and conditions) **

An Investment Opportunity, subject to a lifetime tenancy

Located in a popular village, equidistant between Droitwich and Bromsgrove. The property has huge potential. Benefiting from far reaching countryside views and a good-sized plot. 

Fixtures and Fittings

All fixtures, fittings and furniture such as curtains, light fittings, garden ornaments and statuary are excluded from the sale. 

Services

Mains water, electricity and drainage, heating is via an open fire and space heaters. None of the services or appliances, heating installations, plumbing or electrical systems have been tested by the selling agents.

The estimated fastest download speed currently achievable for the property postcode area is around 72 Mbps (data taken from checker.ofcom.org.uk on 27/09/2024). Actual service availability at the property or speeds received may be different.

We understand that the property is unlikely to have current mobile coverage indoors (data taken from checker.ofcom.org.uk on 26/09/2024). Please note that actual services available may be different depending on the particular circumstances, precise location and network outages. 

Tenure

The property is to be sold freehold but we understand is subject to a lifetime tenancy governed by the Housing Act 1988. We understand the Tenant is male and in his mid to late seventies and succeeded the tenancy from his late father in January 1995 whose tenancy was believed to have started in 1954 and was governed by the Rent Act 1977. The rent passing is £3,380 per annum paid half yearly in arrears. It is our understanding that the tenant has lifetime security of tenure.

Local Authority

Wychavon District Council  

Council Tax Band C 

Public Rights of Way, Wayleaves and Easements

The property is sold subject to all rights of way, wayleaves and easements whether or not they are defined in this brochure.

Plans and Boundaries

The plans within these particulars are based on Ordnance Survey data and provided for reference only. They are believed to be correct but accuracy is not guaranteed. The purchaser shall be deemed to have full knowledge of all boundaries and the extent of ownership. Neither the vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof.

Finance Your Purchase

If you require advice on how to finance a purchase through Auction, please go to www.cherrystreetfinance.com our trusted partners, or ask our team for further details.  

Important Notices 

This property is available for sale by online auction. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. There is no charge for registering. Buyers should allow sufficient time to complete this process before the time period expires. Full details can be found on Fisher German’s online auction page www.fishergerman.co.uk/current-auctions

Legal Pack 

A legal pack and any special conditions will be available on Fisher German’s online auction page and interested parties will need to register before accessing the legal documents. It is the responsibility of a prospective purchaser to make all necessary enquiries prior to the auction.

Conditions of Sale 

The property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of each sale may be found in the legal documents section of the Fisher German online auction page. Each purchaser shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not.

Completion

Completion will take place 20 working days after exchange of contracts, unless otherwise varied and specified in the legal pack.

Fees 

The purchase of this property is subject to a combined buyer and admin fee of £5,160 including VAT as stated on the auction listing. These fees will be automatically collected at the end of the auction from the registered payment card. The buyer will also be required to reimburse the search fees of £478.30 including VAT.

Viewings

No internal viewings will be allowed. All viewings from the public highway only. 

Directions

Postcode – B60 4BU 

what3words - ///trumped.introduce.urge 

Agents Note

We do not believe the property will be mortgageable.  

Solicitors Details

Willans LLP solicitors

34 Imperial Square, Cheltenham, Gloucestershire GL50 1QZ

T 01242 514000

www.willans.co.uk

Deposit

The balance of the 10% deposit shall be transferred by the buyer to their solicitor for onward transmission by 12 noon the following working day to the seller’s lawyer. It is therefore essential that you instruct your solicitor ahead of the auction.

The winning buyer must pay £5,000 automatically at the end of the auction of which:

£3,300 + Vat is the buyer fee

£1,040 is the deposit contribution