Farm Land
£15,000
Cannard's Grave, Shepton Mallet, Somerset

Description

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Description

A single enclosure of pastureland, which is set within a central location and benefits from a mains water supply. The land offers various opportunities including agriculture and amenity use (subject to necessary planning consents) and extends to approximately 1.12 acres (0.45 hectares). Access is taken from Fosse Lane (track), which leads directly from the Council maintained highway. The plot is level to very gently sloping in topography and bound and divided by a mixture of natural hedgerows and stock-proof fencing. The soil is classified as Grade III on the DEFRA land classification map.

VAT

0.33 acres of the plot is registered for VAT. The Sale Price of the 0.33 acres will be calculated pro rota against the sold price for the whole plot, with the value of the 0.33 acres plus VAT.

Uplift Clause

Subject to an uplift clause of 25% for a period of 80 years. Further details contained within the auction legal pack.

Designations

Situated within the Sheppey Nitrate Vulnerable Zone (NVZ).

Not situated within an AONB or SSSI.

Environmental Stewardship Schemes

Not subject to any environmental or countryside stewardship schemes.

Footpaths and Rights of Way

No footpaths. Further details of any other rights of way (if applicable) will be contained within the auction Legal Pack.

Joint Solicitors

Mogers Drewett, Wells

Daniel Cockhead acting

Telephone: 01749 835262

Farrar and Co LLP, London

Telephone: 020 3375 7000

Registering to bid and Administration fee

Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1,395 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Fees

Potential buyers should be aware that there may be additional fees payable to the Vendor’s solicitor on completion of the sale, details of which will be contained within the auction pack for each lot. At the launch of the property onto the market this information is not always available and so interested parties must refer to the auction pack and satisfy their enquiries.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Local Council: Somerset Council.

Telephone:0300 123 2224.

Drainage Rates: None.

Services: We understand mains water is connected. Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Tenure: Freehold with vacant possession.

Completion

Completion has been set for 16th April 2026 or earlier by arrangement.

Viewing: At any reasonable time on foot with a set of the sale details. The postcode for the nearest property is BA4 4LY

What3words – dusty.engraving.evoke.

Website tags: auction-property, march-auction, land-property