METHOD OF SALE The property will be offered for sale by Online Auction (unless sold prior.) The auction end date is Thursday 15th June 2023 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 www.stags.co.uk - Online Property & Land Auctions. SITUATION The land and stables are situated in West Hill, a popular settlement in East Devon which lies about 2 miles West of Ottery St Mary and about 6 miles North of Sidmouth. Ottery St Mary has a wealth of amenities including pubs, shops, schools and other wide-ranging services. From its desirable, quiet village position the land benefits from access to public footpaths and country lanes as well as elevated views of the surrounding area. INTRODUCTION: AUCTION GUIDE £80,000 - £100,000 The land extends to about 3.06 acres of level pasture which is surrounded by boundaries of mature mixed hedging and fencing. The land is currently split into conveniently sized grazing enclosures by temporary fencing . In the South-east corner of the land is a range of timber structures including a timber hay store and 2 timber stables each comprising 2 loose boxes. The stables are reached from the property entrance by a compact hardcore track. SERVICES Mains Water Connection - See replies to enquiries in the auction legal pack, section 1.1 and 1.2 ACCESS Access by a private right of way over an unmetalled track to the South. The access is for agricultural or equine purposes only. TENURE AND POSSESSION The land is freehold and is available with vacant possession on completion. LOCAL AUTHORITY East Devon Local Authority www.eastdevon.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. The land benefits from a right of way over a track which is privately owned. The land will be sold subject to a private right of access along the Eastern boundary and between points A and B on the sale plan. UPLIFT CLAUSE There is an existing overage on the land which expires on 16th May 2045. The trigger event is the granting of planning permission or alternative use consent for anything other than an agricultural or equestrian use. The additional payment is 50% of the "Enhanced Value" decreasing by 2% for each full year after the date of the Agreement for the first 10 years, and then at a rate of 1% for each completed year to the end of the term of the overage. 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. 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 the A30 junction at Aller Grove, head South on the B3180 towards Exmouth and West Hill. After about 1 mile, turn left signed West Hill and continue along Bendarroch Road into West Hill. Turn left onto Toadpit Lane just before West Hill Garage and follow the lane to the left. Continue along Toadpit Lane and on bearing right continue onto the unmade track. Follow the track for a 100 yards around a left bend until the gate to the field is found, marked by a Stags sale board. What3Words: bugs.prestige.dreamers PROOF OF IDENTITY 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 administration. 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. 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. VENDORS SOLICITOR Trowers and Hamlins The Senate, Southernhay Gardens Exeter, Devon EX1 1UG FAO Nicola Janus-Harris - 01392 612304 [email protected] COMPLETION DATE The completion date will be 28 days after the auction or as dictated by the solicitor. 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. 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
