METHOD OF SALE The property is offered for sale by Traditional Online Auction (unless sold prior.) The auction end date is Wednesday 20th September 2023 at 5pm. The vendor reserves the right to withdraw or alter the land for sale prior to the auction end date. SITUATION The woodland is situated in an accessible location, just off the A38 between Wellington and Junction 27 of the M5 motorway. Wellington is approximately 3.5 miles to the north-east whilst Junction 27 of the M5 is 4.1 miles to the south-west. The woodland is accessible to the nearby villages of Burlescombe, Culmstock and Holcombe Rogus. DESCRIPTION AUCTION GUIDE £55,000 - £60,000 The woodland is known as Tunnel Plantation and derives its name from the Whiteball Railway Tunnel which passes directly below and is close to Wellington Bank, where it was claimed the City of Truro locomotive was the first locomotive to reach speeds of 100mph (https://en.wikipedia.org/wiki/Wellington_Bank,_Somerset). The woodland is a haven for wildlife, totals approximately 5.50 acres (2.23 hectares) and is a mixed wood with mainly mature deciduous trees including some larger oak, beech and sycamore trees which would supply a useful supply of timber for woodcarving or firewood. There is a variety of flora on the woodland floor and during the spring there are large swathes of native English bluebells and wood anemones. There is also a pond that is popular for spawning frogs. The site is gently undulating with a track (footpath) adjoining the south-eastern boundary. SERVICES There are no services connected to the land. ACCESS There is direct frontage on to the public highway on the southwestern boundary. TENURE The land is owned freehold and is available with vacant possession on the completion date. The land is registered on the Land Registry. SPORTING AND MINERAL RIGHTS The sporting and mineral rights insofar as they are owned are included with the freehold. WAYLEAVES & RIGHTS OF WAY The property is sold subject to and with the benefit of any wayleave agreement and any public or private rights of way that may affect it. LOCAL AUTHORITY Mid Devon District Council. Tel: 01884 255255. www.middevon.gov.uk PROOF OF IDENTITY Under Money Laundering Regulations 2017 it is a requirement for all Estate Agents to perform due to due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via Bamboo's website and complete the ID checks. There is no charge for registration. BUYERS & ADMINISTRATION FEE The successful purchaser(s) 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 as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price. An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction. DEPOSIT PAYMENT The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. AUCTION LEGAL PACK Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. Prospective purchasers will need to register with the Bamboo online platform in order to download the legal pack. 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. SOLICITOR ACTING Porter Dodson - Jenny Shepherd 15 High Street, Wellington, Somerset,TA21 8QR 01823 666622 [email protected] COMPLETION DATE The completion date will be 20 working days after the auction or as dictated by the solicitor. VIEWING Viewing is strictly by prior appointment only with Stags Tel: 01823 662822. Email: [email protected] DIRECTIONS From the roundabout on the A38 on the south-western edge of Wellington, proceed towards Tiverton on the A38. After 2.5 miles, just after the sign to Redhill and Eastbrook take the left turn off the A38 (no-through road). The woodland will be found on the left of this road. WHAT3WORDS /// improving.hazel.park DISCLAIMER These particulars are a guide only and are not to be relied upon for any purpose. DEFINITION OF AUCTION GUIDE 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. 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
