Description
About 0.46 of an acre of land at Morchard Bishop
Method Of Sale - The property will be offered for sale by Online Auction (unless sold prior.) The auction end date is 10th June 2025 at 5pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The auction can be accessed via our website - stags.co.uk on the Auction Page.
Situation - The land parcel is located at Morchard Bishop, next to the village Church and opposite the primary school. The public highway abuts the land to the north and reaches south to Morchard Road and Copplestone (about 4.6 miles south)
Morchard Bishop is a popular village with local amenities including a Church, school, pub, village store and medical practice.
The market town of Crediton lies about 8.4 miles south east where more extensive services, shops, amenities, hospitality venues and leisure facilities can be accessed.
Introduction: Auction Guide £30,000 - £40,000 - The land comprises a single enclosure of about 0.46 of an acre which is bordered by a stone wall to the Church and grown up hedging for the remainder.
The parcel has been recently cleared to provide a level useable space for many different uses, some subject to planning.
Services - No services connected.
Access - Access to the public highway.
Tenure And Possession - Freehold and is available with vacant possession on completion.
Local Authority - Mid Devon District Council - www.middevon.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.
There is a right of access to a electricity sub-station which is located within the land.
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.
Buyers & Administration Fees - 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 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 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 - Michelmores FAO Mr Charlie Gauntlett
charlie.gauntlett@michelmores.com
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.
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.
Viewing - Strictly by appointment only. Please contact Stags Farm Agency on 01392 680059.
Directions - From the centre of Morchard Bishop and at the London Inn, head east on Church Street. On reaching the church, the land is found on the right hand side.
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Warning - Farms and land can be dangerous places. Please take care when viewing the property, particularly in the vicinity of farm buildings and livestock.
Disclaimer - These particulars are a guide only and are not to be relied upon for any purpose.
