METHOD OF SALE The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Thursday 11th April 2024 at 5pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. SITUATION The property is situated in the historic and picturesque fishing town of Padstow which offers an extensive range of cafes, public houses and restaurants, none more so than Paul Ainsworth's Michelin starred No.6, seafood bar Prawn On The Lawn, and of course Rick Steins esteemed Seafood restaurant. Traditionally a fishing port, Padstow is a popular tourist destination where many enjoy exploring the harbour front and Camel Trail link to Wadebridge. Wadebridge is within nine miles and on the river Camel, which offers a fine selection of shops and amenities including a sports centre, cinema, primary and secondary school and a selection of supermarkets. DESCRIPTION The front door leads into an entrance hall with access to the sitting room and stairs to the lower floor kitchen. The sitting room features a brick fireplace with electric fire, large window to the front with window seat and stairs to the first floor. The first floor landing provides access to bedroom two, the family bathroom and a further set of stairs to bedroom one. Bedroom two is a double room with built-in storage cupboard and window to the front with window seat. The family bathroom comprises of a panel bath with overhead shower, low level WC, wash-hand basin and window to the rear. Bedroom one is a large double with a dual aspect and buIlt-in cupboards. The lower floor kitchen benefits from a range of base and wall units, sink with mixer tap, built-in cupboard, space for appliance and a window and door to the rear garden. The South facing rear garden is mostly paved for easy maintenance with a stone shed and right of way access via the neighbouring garden. SERVICES Mains water, drainage and electricity. Please note the agents have not inspected or tested these services. VIEWING Strictly by appointment with the vendor's appointed agents, Stags 01208 222333. DIRECTIONS From Wadebridge, travel along the A39 through Whitecross, passed Cornwall Show Ground and then take the right hand turning signposted to Padstow, A389. Continue through St Issey and Little Petherick then at the end of the road turn right onto the A389 and continue into Padstow. Drive past Tesco on your right, following the road loop to the left past the car park and turn right where signposted to Fentaluna and Prideaux Place. Continue on the same road for 0.3 miles and the property is located on your Right. What3Words: ///ruling.shuts.generally PROOF OF INDENTITY 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 & 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. 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 Rachel Anderson - Merricks Solicitors, Cross Street, Wadebridge, PL27 7DT. [email protected] - 01208 812068 COMPLETION DATE The completion date will be as dictated by the solicitor (or include the timeframe) and included in the legal pack. 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.
Stags - Farm Agency
