9 hole golf course plus additional 3 acres of land with development potential in Essington

Wood Farm Golf Course, Bursnips Road, Essington, South Staffordshire, WV11 2RE

Guide price*

£455,000+

Plus fees

Sold prior to auction, for an undisclosed amount

Lot No: 49
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Land/Development

A new 9 hole Golf Course of some 70 acres plus in addition 3 acres of land with future development potential

Property Description

A newly constructed 9 hole golf course (a further 9 holes are being constructed by the current vendor on some neighbouring land which may be available for purchase at a later date).

Location

The land is located off Bursnips Road in the village of Essington and being north east of the city of Wolverhampton. The additional 3 acres or thereabouts fronts onto Broad Lane, Essington and therefore could be developed independently of the golf course if required.

Tenure

Freehold – Vacant possession upon completion.

Site Area

We have been informed that the golf course extends to some 70 acres (28.5 hectares) or thereabouts. The additional potential land is of some 3 acres of thereabouts.

Planning

Planning permission was granted on the 5th February 2015 by South Staffordshire Council for the erection of a club house, ancillary storage and 63 parking spaces. The proposed club house has a GIA of 3,621 sq.ft. (336.5 sq.m.) or thereabouts. Although not finished the construction of the club house has commenced and therefore it is considered that planning permission is now live.

Services

Mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.

Ground Conditions & Contamination

Prospective buyers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.

Plans

Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Rights of way, wayleaves, easements, restrictive covenants etc.

The site is sold subject to, or with the benefit of any rights of way, wayleaves, restrictive covenants etc. which may exist whether mentioned in these particulars or not.
The vendor will retain a right of access through the property to the land immediately to the south where a further 9 holes of golf are being constructed. They will also retain rights to store vehicles and materials to the southwest corner of the property.

Value Added Tax

We understand that VAT will not be chargeable on this transaction.

Auctioneers Note

1. There will be a restriction that the site may only be used as a golf course for as long as the restoration and development of the adjoining phase two development continues. This restriction does not include the additional 3 acres of land fronting Broad Lane.
2. There are two groundsmen currently looking after the course and may be available to continue working for the new owner.

Viewings

Strictly by appointment with the Auctioneers.
DISCLAIMER

Bond Wolfe Auctions or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe Auctions are aware of will be published on the addendum, which is available within the lot information.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

The sale of each lot is subject to an administration fee of £1,140 inc VAT (£950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Auction details:

Thursday 9th May 2019 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

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