METHOD OF SALE The property is to be offered for sale by Traditional Online Auction (unless sold prior.) The auction end date is Wednesday 14th August 2024 at 5.30pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. SITUATION Only 1 mile from an A-Road and with good connections, yet this block of land lies in a peaceful position, accessed off a minor road. The area is characterised by the gently rolling attractive North Devon countryside. The market town of Holsworthy is just 3 miles away with its supermarkets livestock market, petrol station & other amenities. Bude is less than 10 miles away. DECRIPTION Approximately 41.71 acres of pasture land for auction. Lot 1 - Auction Guide: £125,000 - £150,000 24.67 acres of extensively managed pasture and a haven for wildlife, birds and insects. The ground does not drain freely, some might say "drought resistant!" It perhaps lends itself to tree planting, rewilding or habitat enhancing, ideal for buyers with an environmental interest, perhaps looking to take advantage of the increasing grant opportunities for these types of uses. The land is designated as SSSI under the site name 'Small Brook' known for the nationally scarce marsh fritillary butterfly & an 'extensive area of speciesrich purple moor-grass'. Lot 2 - Auction Guide: £50,000 - £75,000 (Available by separate Auction) 10.15 acres also part of the SSSI 'small-brook' Would also be suitable for environmental buyers looking to enjoy the local fauna with, mainly butterflies and other insects of note, with Road frontage for easier access. The land is gently south facing and one would again expect environmental grants to be a perk of this purchase. Lot 3 - Auction Guide: £40,000 - £60,000 (Available by separate Auction) 6.36 acres of much more productive and better drained, level pasture, suitable for livestock grazing and with road frontage. The mature boundary trees provide good shade and shelter and the perimeter boundaries appear stockproof. SERVICES The land is naturally watered, with various drinking points,. Mains services are not currently connected. Purchasers to satisfy themselves on availability if required. Mobile coverage Outdoors - EE, Three, O2 and Vodafone (Ofcom - 18/04/2024) FENCING Lot 1 to errect the dividing fence between Lot 1 and 3 or allow Lot 3's stock to graze this area until said fence is erected. Further details within the legal pack. ENVIROMENTAL SCHEMES AND DESIGNATIONS The land is listed as a SSSI which can bring lucrative grant opportunities as well as restrictions. There is a current countryside stewardship agreement that runs till the 31st of December 2026 with payments of over 312 per hectare per annum. Further details within the legal pack. 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. The entrance to the access over lot 1 is shared by Lot 2, as shown hatched in red on the plan. Access to Lot 2 is reserved for Lot 3 over Lot 1, as shown hatched in brown on the plan. LOCAL AUTHORITY Torridge District Council, Riverbank House, Bideford, Devon, EX39 9QG. T: 01237 28700 TENURE AND COMPLETION The property is sold freehold with vacant possession on completion 6 weeks after the auction, or earlier by agreement. PROOF OF IDENITY Under 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 AND 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 £1200 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. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account 48 hours post exchange. It is essential that you instruct your solicitor in advance of the 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, this will/may contain material information regarding the property, and to consult legal advice prior to bidding. SOLICITOR ACTING Ben Mitchell of Parnalls Solicitors Ltd, 15-19 Westgate St, Launceston PL15 7AB. Tel: 01566 772375 Email: [email protected] VIEWING Strictly by prior appointment with the vendor's appointed agents, Stags Launceston Office on 01872 264488. DIRECTIONS What3Words: (Lot 1+2) ///bland.freely.quibble What3Words: (Lot 3) ///dividers.materials.uplifting From Holsworthy, follow the A3072 East for 2 miles. Turn right towards Bernard's House and continue for 1.2 miles. It is suggested that viewers park outside the access for lots 1+2 where the for sale board has been erected. The access for lot 3 is 0.2 miles further up the road on the left. 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 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. IMPORTANT Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.
Stags - Farm Agency
