Woodland at Old Lodge Lane, Kenley, Surrey, CR8 5EU

Lot Image

Auction sale - Monday 17th July 2017

Result:

Sold for £59,000

Upon the instructions of

Executors
  • Freehold woodland site
  • Site area 10.39 acres (4.20 hectares)
  • Vacant possession

Details

Location

Miles: Croydon 7 miles, Epsom 9 miles, Caterham 3 miles, Central London 16 miles
Roads: Hayes Lane, Brighton Road/Purley Way (A23)
Rail: Caterham, Kenley, Coulsdon Town
Air: Kenley Aerodrome, Gatwick Airport

Description

The property comprises a roughly rectangular area of woodland of approximately 10.39 acres (4.20 hectares).

The site is situated to the south west of Old Lodge Lane which runs westwards from Hayes Lane to the east. Kenley Aerodrome and Kenley Observatory are both in the immediate area.

Tenure

Freehold

Planning

An overage provision will be included in the sale so that if planning permission is obtained for the development of the property within 30 years, an additional 30% of the uplift in the value of the property will be due to the Seller. We recommend interested parties refer to the legal documentation for further information. Planning enquiries can be made to Croydon Council (020 8726 6800) www.croydon.gov.uk

VAT

The Seller has not elected to charge VAT

Energy Performance Certificate

No EPC required

Note

The agricultural site to the south of this site is being offered for sale as Lot 43 in the same auction

Address Acres Hectares
TOTAL 10.39 4.20
Woodland site 10.39 4.20
The areas have been taken from Promap.
The red shading of the photograph is for general identification purposes only. Please refer to the Land Registry Title Plan in the legal documentation for the correct boundaries of the site.

Contact

Seller's solicitor

ASB Law Solicitors

Jan Martell

01293 603600

jan.martell@asb-law.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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