- Development Opportunity
- For Sale By Online Auction
- Pre-auction Offers Considered
- Planning Permission Granted
- Guide Price £600,000 - £700,000
- Proposal for 41 one and two bed apartments
- Close to leisure facilities, amenities and schools
- 0.9 acre freehold brownfield site
Peregrine Property Investments are proud to present this amazing development opportunity situated on the outskirts of Wakefield.
The development currently has planning in place for 41 Apartments, further details of which can be found on the Wakefield Planning Portal using reference Application Number 18/02881/OUT.
The proposed residential development involves the demolition of
existing industrial buildings and a derelict house to form 41 new
residential units comprising 1 and 2 bed apartments within 4 separate
blocks together with associated landscaping and parking spaces.
Demand for this type of property within the Wakefield area is high and
the development will appeal to a number of builders, developers and
A conservative GDV for the site would be £4.2mil based on 24 two beds and 17 one beds.
The site occupies a prominent position on Denby Dale Road within the Thornes area of Wakefield, approximately 1 mile south west of the City Centre and about 2 miles from Junction 39 of the M1 motorway. This popular mixed residential and commercial region has a wide variety of park and leisure facilities on the doorstep and is to a full range of schools, shops and amenities.
With both excellent road and rail links this location is ideal for commuting within the Yorkshire region.
This property is offered for sale by the ‘modern method of auction’ through an Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of
the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned.
The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of
3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee
of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to
terms & conditions which will form part of the auction pack which will be available to download for
free once produced by the vendors legal representatives. We strongly recommend that you
review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT
THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE. Fees paid
to the auctioneer may be considered as part of the chargeable consideration and may attract
stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if
you choose to bid on the property you will be required to complete further identity checks for antimoney laundering purposes, provide card and solicitors details before you are able to place a
bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller’s minimum expectations at auction and is not
necessarily the figure the property will achieve but acts as a guide, prices are subject to change
prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved
during the auction then the property will not be sold. In normal circumstances the reserve price
should be no more than 10% above the guide price.