Description
About 5.36 acres of pasture with stables and stream water supply
Method Of Sale - The property will be offered for sale by Online Auction (unless sold prior). The auction end date is Wednesday 7th August 2024 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 is situated near Kerswell Springs about 1.6 miles North west of Chudleigh and moments from the A38 Devon Expressway which provides access North to Exeter and South to Newton Abbot and further West to Plymouth. Chudleigh is a popular town with a range of local amenities to support a buoyant community.
The property is located in a popular area where land is sought after for agricultural, equestrian and amenity uses.
Introduction: Auction Guide £80,000 - The land extends to about 5.36 acres of level pasture which has been recently grazed by livestock as one enclosure. The land abuts the roadside to the South and Kate Brook to the North. Mature boundary hedges surround the land which is partially secured by stock fencing.
A set of timber stables stand on the land which comprise 2 loose boxes. The stables could be replaced or repaired to be brought into good functional use.
Services - There are no services connected to the land.
Access - The land is reached directly from the public highway by a field gate
Tenure And Possession - Freehold and is available with vacant possession on completion.
Local Authority - Teignbridge District Council (www.teignbridge.gov.uk)
Sporting And Mineral Rights - The sporting and mineral rights insofar as they are owned are included with the freehold.
Title - Blue shading on the Title Plan relates to a Deed of Grant dated 1957 to run a water supply under the land. See auction legal pack for more information.
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.
There are electricity poles which stand on the land
Designations - Part of the land is located within a flood risk zone
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.
Completion Date - The completion date will be 20 working days (not including weekends or Bank Holidays) after the auction or as dictated by the solicitor.
Definition Of Auction 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.
Guide prices may change at any time prior to the auction.
Buyers & Administration Fee - Traditional Online - The successful purchaser(s) will be liable to pay the sum of £5,000 inc VAT. From this a 'buyers 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.
An additional 'administration' fee of £1,200 including 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 no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.
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.
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 - FAO Rebecca Cox
Gilbert Stephens, Manor Office, North Street, Crediton, Devon EX17 2BR
property@gilbertstephens.co.uk / 01363 775566
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 take the A38 towards Plymouth. Exit towards Chudleigh immediately after the Texaco garage at the bottom of telegraph hill. Continue past Holmans Wood Holiday Park and take the left turning at Crammers Cross, towards Kerswell. The land is found on the left hand side of the lane after about 400 yards and is marked by a Stags sale board.
Disclaimer - These particulars are a guide only and are not to be relied upon for any purpose.
