METHOD OF SALE
The property will be offered for sale by Online Traditional Auction.
The end of the online auctions are scheduled for Tuesday 6th September 2022 at 6.30pm for Lot 2 and 6pm for Lot 1.
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 land is in a sought after location within easy reach of the villages of
Rock and Polzeath, which are renowned havens for beach-goers and
water sport enthusiasts. The harbour town of Padstow can be accessed from Rock via a regular passenger ferry. The estuary town of Wadebridge is 5.5 miles away sitting astride the River Camel and offers a comprehensive range of leisure and shopping facilities and access to the famous Camel Trail (miles of scenic walking, cycling and horse riding between Bodmin and Padstow.)
Throughout this area are numerous local pubs, beach cafes and restaurants to cater for all tastes.
DESCRIPTION
Approximately 3.87 acres of land and concrete equestrian building
available in two lots in a sought-after location close to the coast.
Lot 2: 1.20 acres - Auction Guide: £40,000 - £60,000
Lot 1: 2.67 acres and concrete building (measuring approximately 9m x
5m) - Auction Guide: £80,000 - £100,000
Given its location, both lots will likely appeal to those looking for a base
in the area to make use of 28-day camping permitted development rights.
It could be used for holidays or weekend getaways for couples or
families, based either locally or from further afield. Furthermore, subject to any necessary planning consents, it might also appeal to a buyer perhaps with a commercial interest.
SERVICES
Mains water is currently connected to lot 1, with water meter access in the layby on the road frontage. Lot 2 does not currently have a water
connection.
LOCAL AUTHORITY
Cornwall Council, New County Hall, Treyew Road, Truro, Cornwall, TR1
3AY. T: 0300 1234100, www.cornwall.gov.uk
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, triggered on the granting of planning permission (or
equivalent) for any residential accommodation, within 21 years from
completion of this purchase. For the avoidance of doubt, planning
consent for commercial camping or stables will not trigger the overage.
WAYLEAVES, COVENANTS 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 crossing the property, together with any restrictive covenants or public or private rights of way. A public footpath runs through Lot 2.
TENURE & COMPLETION
The land 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 purchaser shall also reimburse the vendor the cost of the searches
carried out (split between the lots sold.)
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
Ms Danielle Smith of Sproull Solicitors LLP, 42 Molesworth Street,
Wadebridge, PL27 7DP. Tel: 01208 72328 Email: [email protected]
VIEWING
Strictly by prior appointment with the vendor's appointed agents, Stags
Wadebridge Office on 01208 222333.
DIRECTIONS
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From Wadebridge, take the B3314 over the bypass, in the direction of
Rock and St Minver. Proceed along this road for going through the village of Bodieve and over Trewornan Bridge. From the bridge, continue a further 2 miles, before turning left signposted Pityme and Rock. Proceed along this road for approximately 1.2 miles before entering Pityme.
Proceed through the village passing the Pityme Inn on your left, before
taking the next available right hand turning onto Trewiston Lane. Proceed along Trewiston lane for around half a mile and the entrance gateways to the land can be found on your left hand side, where two Stags For Sale boards have been erected.
DEFINITION OF GUIDE & 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 price(s) 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
