METHOD OF SALE The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 14th June 2023 at 7.30pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be accessed via our website stags.co.uk - Online Property & Land Auctions. SITUATION The 3 land lots are situated on the rural outskirts of the town of Callington, with fabulous views out towards Bodmin Moor. A comprehensive network of paths and rural lanes provide excellent walking and riding opportunities. The land sits in a private and peaceful rural position, accessed off the minor lane South Hill Road. Callington itself offers a wide variety of amenities including pubs, supermarkets and shops. Tavistock, which lies 10 miles east, offers further agricultural and equestrian suppliers. Launceston lies 11 miles north and provides convenient access onto the A30. The city of Plymouth lies approximately 15 miles to the southeast. DECSCRIPTION 10.33 acres of gently south facing pasture available in 3 lots. Each of the lots comprise highly productive permanent pasture and could be used for the grazing, or alternative uses such as 28 day camping. There is a derelict barn in the sheltered NE corner of Lot 3. There is potential to erect stables subject to obtaining any necessary consents. Lot 3 - 1.09 acres - Auction Guide: £15,000 - £20,000 OTHER LOTS AVAILABLE Lot 1 - 4.90 acres - Auction Guide: £30,000 - £50,000 Lot 2 - 4.34 acres - Auction Guide: £30,000 - £50,000 OVERAGE PROVISION An Overage provision will be included within the contract, requiring the purchaser and their successors in title to pay the Vendor 25% of any uplift in value over and above agricultural value, triggered on the granting of planning permission of any residential or commercial use, within 21 years from completion of this purchase. For the avoidance of doubt, planning for any agricultural buildings or stables will not trigger the overage. SERVICES Mains water is not currently connected to these fields but is available for connection in the road frontage to the south. Lot 2 will be granted a right to bury a connecting pipe under Lot 1, subject to making good any damage. WAYLEAVES AND RIGHTS OF WAY The land is sold subject to and with the benefit of any wayleave agreements in respect of electricity or telephone equipment and the property is sold subject to and with the benefit of any public or private rights of way. There are no public rights of way shown on the Ordnance Survey Plan. Lot 2 will have a right of way over the track in lot 1 (as shown on the plan.) LOCAL AUTHORITY Cornwall Council, New County Hall, Treyew Road, Truro, Cornwall, TR1 3AY. T: 0300 1234100 , www.cornwall.gov.uk. TENURE & COMPLETION The property is sold freehold with vacant possession on completion 6 weeks after the auction or earlier by agreement. PROOF OF IDENTITY Under the Money Laundering Regulations 2017 it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for registration. BUYERS & ADMINISTRATION FEE The successful purchaser(s) of each lot will be liable to pay the sum of £5,000. From this a buyer's fee of £2,400 inc. VAT is retained by Stags/Bamboo Auctions as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price/deposit. An additional administration fee of £600 inc. VAT will be payable by the successful purchaser of each lot immediately after the auction. This will be separately invoiced by Stags. The purchasers shall also reimburse the vendor the cost of the searches carried out, on completion. (This would usually be paid by a buyer in a private treaty sale.) AUCTION LEGAL PACK This includes the searches, draft contract, deeds/epitome of title, special conditions of sale etc, and is available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser's responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation and to consult legal advice prior to bidding. VENDOR'S SOLICITORS Stephen Morrison - Thurstan Hoskin Solicitors Chynoweth, Chapel Street, Redruth, Cornwall, TR15 2BY. Tel: 01209 213646 . Email: [email protected] VIEWING Strictly by prior appointment with the vendor's appointed agents, Stags Launceston Office on 01566 774999 . DIRECTIONS What3Words: ///rather.botanists.strictly From the centre of Callington, procced north along the A388 towards Kelly Bray and Launceston. In the middle of Kelly Bray take the turning left, sign posted Maders. Proceed along Redmoor Road. At the end of this road turn right onto South Hill Road. Lot 3 is the third field gateway on the right. When viewing, access Lots 1 & 2 through Lot 3. A For Sale Board has been erected. DEFINITION OF AUCTION AND RESERVE Guide price(s) are an indication of the seller’s expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction. SPECIAL CONDITIONS OF SALE Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.
Stags - Farm Agency
