METHOD OF SALE AND LOTTING
The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Tuesday 3rd May 2022 at 5pm.
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.
SITUATION
Cheethams Yard is situated less than 1 mile North of Exeter City which
hosts a wealth of amenities, services, developments and facilities.
The stables sit amongst land which is highly sought after, being close to the city and open countryside.
INTRODUCTION
Cheethams Yard comprises 2.91 acres of land and 2 sets of stables.
Structures include a set of concrete block stables (about 17m x 3.5m)
and a set of timber stables (about 9.5m x 4m).
The land is divided into enclosures of gently sloping pasture with a
section of mature deciduous woodland to the South.
Views from the land are far-reaching, overlooking Exeter and further South towards Haldon Forest.
SERVICES
No services connected.
ACCESS
Access to the public highway (Wrefords Lane) to the North by Belle Vue
Road.
TENURE AND POSSESSION
The land is freehold and is available with vacant possession on
completion.
LOCAL AUTHORITY
Exeter City Council - www.exeter.gov.uk
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.
Right of Access - The land benefits from a right of access over Belle Vue Private Road.
PLANS & BOUNDARY FENCES
A plan which is not to scale, is included with these sale particulars for
identification purposes only. The vendor shall not be called upon to
define the ownership of boundary fences.
Fencing - The purchaser will be responsible for erecting a boundary fence between points A and B to a pre-determined specification within 6 months of completion. A wildlife gate will form part of the fence at point G.
UPLIFT CLAUSE
The existing overage runs until 16 July 2033. If residential planning
permission is obtained then a payment equivalent to 1/3rd of the
increased value of the land becomes due, payable upon implementation of the permission. Full details are in the transfer dated 17 July 2013 which is in the auction pack.
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.
COMPLETION DATE
The completion date will be as dictated by the solicitor and included in the legal pack.
VENDORS SOLICITOR
Stephens Scown LLP
Curzon House, Southernhay West, Exeter, Devon. EX1 1RS
Attn Mr Tom Graham
DD: 01392 401159
Email: [email protected]
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. This will be separately invoiced by Stags.
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.
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.
VIEWING
Strictly by appointment only. Please contact Stags Farm Agency on
01392 680059.
WARNING
Farms and land can be dangerous places. Please take care when viewing the property, particularly in the vicinity of farm buildings and livestock.
DIRECTIONS
From Exeter head North to Cowley Bridge roundabout and take the 3rd
exit up Wrefords Drive. Continue along Wrefords Lane for just over 0.5
miles before turning right onto Belle Vue Road. Cheethams Yard is on the immediate left.
Stags - Farm Agency
