Description
6.33 acres of gently south facing pastureland with excellent far reaching views available in 2 Lots. For Auction on 27th of June. Available Freehold.
Method Of Sale - The property is to be offered for sale by Traditional Online Auction on Thursday the 27th of June 2024 at 5pm for lot 1 and 6.00pm for lot 2 (unless sold prior).
The property will be sold subject to an undisclosed reserve and the vendor/s reserve the right for the auctioneer to bid in the usual way on their behalf up to the reserve. 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 - This attractive field is situated on the rural outskirts of Kelly Bray, just to the north of Callington, with attractive views out towards Bodmin Moor. A comprehensive network of paths and rural lanes provide excellent walking and riding opportunities. The land sits in a peaceful rural position, accessed off the minor lane South Hill Road. Callington itself offers a wide variety of amenities including pubs, supermarkets and shops. Launceston lies 10 miles north and provides convenient access onto the A30.
Description - Approximately 6.33 acres of very gently sloping south facing pasture land with beautiful far reaching rural views towards Bodmin Moor, for auction in two lots, The land is ideal for the grazing of horses or livestock, or alternative uses such as the recently extended 60 day Permitted Development camping. There is potential to erect stables subject to obtaining any necessary consents.
Lot 1 - 3.73 acres of pasture - Auction Guide: £30,000 - £50,000.
Lot 2 - 2.60 acres of pasture - Auction Guide: £20,000 - £40,000.
Services - Mains water and electricity are not currently connected but appear to be available close by for connection. (The nearest water main is in the road frontage to the south). Mobile coverage Outdoors - EE, Three, O2 and Vodafone (Ofcom - 18/04/2024). Purchasers to satisfy themselves on these points.
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 over and above agricultural value, triggered on the granting of planning permission of any residential or commercial use, within 21 years from completion of this purchase. For the avoidance of doubt, planning for any agricultural buildings or stables will not trigger the overage.
Wayleaves 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 and the property is sold subject to and with the benefit of any public or private rights of way. There are no public or private rights of way that affect the field.
Fencing - Within 6 months of completion: The purchaser of lot 1 will be responsible for the erection and maintenance of a stockproof dividing fence on its E boundary, between lots 1 and 2. Further details within the Legal Pack.
Tenure & Completion - The property is sold freehold with vacant possession on completion 6 weeks after the auction, or earlier by agreement.
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 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 £600 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.'
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.
Vendors' Solicitor - Stephen Morrison of Thurstan Hoskin Solicitors, Chynoweth, Chapel Street, Redruth, Cornwall, TR15 2BY. Tel: 01209 213646. Email: stephen.morrison@thurstanhoskin.co.uk
Definition Of 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 guide figure. Guide prices may change at any time prior to the auction.
Viewing - Strictly by prior appointment with the vendor's appointed agents, Stags Launceston Office on 01566 774999.
Directions - What3Words: ///eyepieces.draw.shocking
From the centre of Callington, procced north along the A388 towards Kelly Bray and Launceston. Turn left onto South Hill Road opposite Florence Hill. Continue for 0.9 miles. The land is the on the right. A For Sale Board has been erected.
