METHOD OF SALE

The property will be offered for sale by Online Auction (unless sold prior.) The auction end date is Thursday 19th September 2024 at 5pm.

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

SITUATION

The land is situated in West Devon at Vale Down on the eastern side of the A386 between Sourton/A30 to the north and Tavistock to the south. The A30 is the main transport route through Mid Devon and links Exeter to the east and Cornwall to the west. Local villages and town centres boast various shops and amenities to support the busy rural community including Mole Avon country stores in Okehampton and Maunders Farm and Country in Launceston.

INTRODUCTION: AUCTION GUIDE £180,000 - £200,000

The land in all extends to 41.43 acres (16.77 hectares) of level and gently sloping grazing land with areas of scrub and gorse. The moor is accessed at Nodden Gate. Previously there has been Japanese Knotweed evident in the South West corner of the land, which has been treated, buyers should rely on their own enquiries and investigations. 

SERVICES

No services connected.

ACCESS Access to the public highway is available via the two routes shown in brown and there is direct road access onto the A386 in the southwest corner. The buyer will be granted a right of way between points A-B, B-C and X-Y "the Accessways" for agricultural purposes only with or without vehicles and livestock. The buyer to contribute towards the repair and maintenance of the accessways between points A-B and X-Y. The buyer will not be under an obligation to contribute towards the upkeep and repair of the accessway between points B-C.

DESIGNATIONS

The land is located within Dartmoor National Park and identified as open access land under the Countryside Rights of Way Act.

GRAZING RIGHTS

The land has common rights to graze 30 livestock units (NFU scale) over Bridestowe and Sourton Common (CL96) and the Forest of Dartmoor (CL164)

SPORTING AND MINERAL RIGHTS

The sporting and mineral rights insofar as they are owned are included with the freehold.

WAYLEAVES AND 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. A public right of way crosses the land.

PLANS AND 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

TENURE AND POSSESSION

The land is freehold and sold subject to an existing Farm Business Tenancy ending 24th Mach 2025. Further details of the Tenancy is available in the legal pack and available from the agents.

LOCAL AUTHORITY

West Devon Local Authority - www.westdevon.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 administration.

BUYERS AND ADMINISTRATION FEE

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.

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.

SOLICTOR ACTING

Kate Gay Ashfords LLP Ashford House Grenadier Road Exeter EX1 3LH k.gay@ashfords.co.uk 01392 333671

COMPLETION

The completion date will be 20 working days after the auction or as dictated by the solicitor, or earlier by agreement.

VIEWING

Strictly by appointment only and during daylight hours. Please contact Stags Farm Agency on 01392 680059.

DIRECTIONS

From the A30 at Sourton Down follow the A386 southbound signposted Tavistock. After approximately 3.5 miles, reaching the Fox & Hounds Hotel, the land can be found on the left-hand side.

WARNING

Farms and land can be dangerous places. Please take care when viewing the property, particularly in the vicinity of farm buildings and livestock.

These particulars are a guide only and are not to be relied upon for any purpose.

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.

IMPORTANT

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 AND ADMINISTRATION FEE

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.