METHOD OF SALE

The property is offered for sale by Traditional Online Auction (unless sold prior.) The auction end date is Tuesday 23rd July 2024 at 5.30pm.

The vendor reserves the right to withdraw, sell or alter the land for sale prior to the auction end date.

SITUATION

The barn is situated in a rural location within the parish of Kings Nympton in North Devon, in an elevated position looking towards the Exmoor National Park. The village of Alswear lies 1.4 miles to the east, from where the B3137 links South Molton and Witheridge. Kings Nympton is 2 miles to the west and has The Grove Inn, a parish church and a primary school. The Tarka Railway Line which runs between Barnstaple and Exeter has a station near Kings Nympton. The market town of South Molton is about 4.5 miles to the north and has a weekly pannier and farmers market, a range of independent shops, a Sainsbury's supermarket and primary and secondary schools.

DESCRIPTION - AUCTION GUIDE PRICE £50,000 to £70,000

The barn measures approximately 48' x 37' and comprises a semi-detached barn for conversion which will have fine views towards Exmoor National Park once converted. The construction includes a timber frame with stone, block and timber clad elevations with asbestos sheeting to the roof and some of the elevations. The approved accommodation is for four bedrooms with en-suite shower rooms and a utility room, all on the ground floor. On the first floor the plans are for a kitchen, living room with dining space and an office / 5th bedroom. Outside there is provision for 110 square metres of amenity space directly to the south of the barn which is for a garden and parking spaces.

SERVICES

No services are currently connected. There is a right to connect to an existing water supply. The purchaser will be required to install a sewage treatment plant (the soakaway to be connected to existing drainage pipes.)

ACCESS

Access to the barn is via a right of way (on foot and with vehicles at all times) subject to the payment of a share of the reasonable costs by user of the maintenance and upkeep of the access route.

NEIGHBOUR'S PARKING & ACCESS

The owner of Cyder Cottage (to the west) is permitted to use the area coloured yellow for parking their vehicles. The Seller wishes to comment in full transparency that the owner of Cyder House has verbally indicated that he believes he has rights of way over the Property. There is no evidence to suggest this is correct and all rights are within the title to the Property both which affect and benefit the title. The Seller also wishes to comment that so far as he is aware there is no ongoing dispute with his neighbour nor has he received any formal written notice or communication from his neighbour in respect of the rights of way. 

PLANNING

Planning consent was approved on the 22nd June 2022 for the change of use of an agricultural building to a dwelling house (Class Q). 

LOCAL AUTHORITY

North Devon District Council. Telephone: 01271 327711 (www.northdevon.gov.uk)

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 Buyer 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 to be transferred to the buyer’s solicitors and must be in their client account with 48 hours of the auction ending. It is essential that buyers instruct their solicitor in advance of the 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.

SOLICITOR ACTING

Risdon Hosegood Solicitors, Dulverton, Somerset. Tel: 01398 322100. Contact: Mrs Terese Kingman - terese.kingman@risdons.co.uk

COMPLETION DATE

The completion date will be 28 days after the auction or as stated within the legal pack.

VIEWING

Viewings are strictly by prior appointment with Stags. Please call 01769 572263 or email: south-molton@stags.co.uk to arrange an appointment.

DIRECTIONS

From South Molton proceed out of the town on the B3137 towards Witheridge. Continue on this road and enter the village of Alswear. Take the first right turn signed to Kings Nympton and shortly afterwards turn left towards Kings Nympton and Chulmleigh. Continue on this road for about 1.25 miles and the entrance to Highridge Farm will be found on the left before the S bend. The location of Barn Two is shown on the boundary plan.

WHAT3WORDS LOCATION

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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 or no more than 10% above a single figure guide. 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.

DISCLAIMER

Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.

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 Buyer 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 to be transferred to the buyer’s solicitors and must be in their client account with 48 hours of the auction ending. It is essential that buyers instruct their solicitor in advance of the auction.