Approx 5.5 Acres of Land
Approx. 5.5 Acres of Land, Redruth, TR16 5HF
- 22
Guide Price: *
£85,000
Fees apply
Buyer's fee:£2,400
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£90,000Bid history
30 bidsLThis is an automatic bid as the bidder has set a maximum bid for this lot
28/07/2022 11:05:13 - £90,000
P
28/07/2022 11:03:26 - £89,500
LThis is an automatic bid as the bidder has set a maximum bid for this lot
28/07/2022 11:02:44 - £88,000
See all 30 bids ▾
The land is accessed from the Council maintained country lane over an unmade track. The land is located on the edge of the hamlet of Busveal famous for its historic granite pit and is surrounded by farmland and bordered on the southern and western boundaries by a track. The nearest facilities can be found at Vogue, St Day which are approx. 1½ miles or Redruth approx. 2½ miles.
From the land, extensive views are obtained over St Day towards Mid Cornwall and to the west, views towards the North Cornish Coast.
The Land
The land is comprised in two convenient size fields bounded by Cornish stone walls with internal paddock fencing. There is a public track adjacent to the land which provides access to good riding out through the surrounding countryside.
Situated in the second field is a Stable Block (68 x 6 x 14’6) in a state of disrepair and requires complete restoration or replacement.
Services: There is mains water connected to the field by the southern entrance gateway, however this is not in use. Interested applicants are advised to make their own enquiries and investigations.
Wayleaves, Easements & Rights of Way: The sale will be subject to and with the benefit of all existing wayleaves, easements and rights of way as may exist. We have been advised by the owner that no public footpaths or rights of way pass through the land.
Particulars & Plan: Whilst every care is taken in the preparation of these particulars, their accuracy is not guaranteed and they do not constitute any part of an offer or contract. Any intending purchaser/s must satisfy themselves by inspection or otherwise as to the correctness of these particulars.
Viewings: Strictly by appointment with the sole selling agents, Lodge & Thomas, 58 Lemon Street, Truro, TR1 2PY. Tel: 01872 272722, Email: property@lodgeandthomas.co.uk.
Directions: From St Day head towards Redruth and after passing the Star Inn, Vogue, take the left hand turn signposted to Busveal. Proceed to Busveal and bear left. Pass Gwenapp Pitt and the access track (highlighted yellow) to the land will be found on your left hand side after approx. 300m.
what3words: ///puncture.elsewhere.trappings (to the field gate)
METHOD OF SALE The property will be offered for sale by Online Traditional Auction. The Vendor reserves the right to withdraw or alter the property prior to the auction end date. The bidding page will be found on the Lodge & Thomas website under Property Auctions & Tenders.
AUCTION LEGAL PACK AND SPECIAL CONDITIONS OF SALE This will be available to download from our auction partners’ website free of charge to those who have registered. It is the Purchaser’s responsibility to make all necessary enquiries prior to the auction and we strongly recommend purchasers instruct a solicitor to assist. It will be the purchasers responsibility to reimburse the vendors costs for the provision of the Legal Pack on sale.
COMPLETION DATE Normally up to 28 days or sooner following exchange of contracts.
BUYER’S AND ADMINISTRATIVE FEES The successful Purchaser will be required to pay £5,000 on registration to bid. From this a Buyer’s fee of £2,400 inclusive of VAT is retained by Lodge & Thomas/Bamboo Auctions as a contribution toward the online platform costs, and £2,600 forms part of the 10% contract deposit. The purchaser will be required to pay the balance of the 10% contract deposit monies within 24 hours of the auction via their solicitor to the Vendors solicitor.
DEFINITION OF AUCTION GUIDE AND RESERVE PRICE Guide price(s) is an indication of the Seller’s expectations. Reserve price(s) is 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.
ANTI-MONEY LAUNDERING ACT 2007 Under current Money Laundering Regulations 2007 it is a legal requirement for Estate Agents and Solicitors to perform due diligence checks to any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sale site and complete the ID checks. There is no charge for registration.
Summary
- Auction end
- 28th Jul at 11:10
- Property type
- Land
- Tenure
- Ask Agent
- Council tax band
- Ask Agent
Summary
- Auction end
- 28th Jul at 11:10
- Property type
- Land
- Tenure
- Ask Agent
- Council tax band
- Ask Agent
This property is being sold by:

Lodge and Thomas Online Auction
01872 272722
58 Lemon Street Truro Cornwall, TR1 2PY
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Lodge and Thomas shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Lodge and Thomas. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.