* Update 21st June * - Interested parties should be aware that the legal pack for lot 2 has been updated to include a letter from Cornwall Council received yesterday 20th June (dated 16th June 2023) and amended CPSE’s. It is strongly recommended that potential buyers read these documents prior to bidding 

METHOD OF SALE

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 21st June 2023 at 6.30pm.

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 - stags.co.uk.

SITUATION 

The woodland is situated just 2 miles outside the city of Truro, which offers a comprehensive range of retail and leisure amenities together with a train station that offers a main line rail connection to London Paddington. The Killiow Estate is nearby and the woodland was historically part of this, with the stone ride being the old estate road. There is a comprehensive local network of roads, lanes and paths, ideal for exploring the many creeks and inlets nearby such as Mylor and Restronguet Creek. Loe Beach is just 3.5 miles away and offers various activities which cater for the watersport enthusiast, whilst Trelissick Gardens (a National Trust Property) offers walks across open parkland and woodland, with views down the estuary to the town of Falmouth. Falmouth itself is a colourful, bustling town, with a range of shops, restaurants, bars and galleries and is home to a beautiful natural harbour, the popular Gyllyngvase beach, as well as Pendennis Castle. 

DESCRIPTION 

Approximately 14.64 acres of broadleaf woodland available in two lots, situated in a convenient part of Mid-Cornwall within easy reach of Truro and the south coast. 

Lot 2 – 7.69 acres – Auction Guide: £35,000 - £55,000 

The woodland comprises a variety of tree species including mature sycamore, oak and beech trees, as well as hazel, holly, hornbeam. and rhododendron. There is a stoned ride accessing both lots and they both benefit from frontage along a small stream, with this forming part of the dividing boundary between the two lots (there are some yellow markers which illustrate where this boundary crosses the ride.) Much of the woodland is relatively level and parts of lot 1 could be cleared for 28-day camping and to provide firewood. 

ADDITIONAL LOT AVAILABLE 

Lot 1 – 6.95 acres – Auction Guide: £50,000 - £70,000 

TREE PRESERVATION ORDER (TPO) 

An existing Tree Preservation Order (TPO) covers a significant proportion of lot 1 and the entirety of lot 2. More details can be found within the legal pack and buyers should satisfy themselves regarding this. 

SERVICES 

Mains water and electricity are not currently connected. 

WAYLEAVES AND RIGHTS OF WAY 

The land is sold subject to and with the benefit of any wayleave agreements in respect of electricity or telephone equipment and the property is sold subject to and with the benefit of any public or private rights of way. There are no public rights of way over the land shown on the Ordnance Survey Plan. Lot 2 will benefit from a right of way over the stone ride in lot 1 to enable access. 

TENURE & COMPLETION 

The property is sold freehold with vacant possession on completion 5 weeks after the auction, or earlier by agreement.

PROOF OF INDENTITY

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. This will be separately invoiced by Stags.

The purchasers shall also reimburse the vendor the cost of the searches carried out, on completion. (This would usually be paid by a buyer in a private treaty sale.)

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 and to consult legal advice prior to bidding.

VENDOR'S SOLICITORS 

Duncan Williamson of Birketts Solicitors

Third Floor, Parkview House, Victoria Road South, Chelmsford, Essex, CM1 1NG. 

Tel: 01245 211355. Email: duncan-williamson@birketts.co.uk 

VIEWING 

Strictly by prior appointment with the vendor's appointed agents, Stags Truro Office on 01872 266729. 

DIRECTIONS 

What3Words: ///triangles.tickling.clues 

From Truro, proceed down Arch Hill and along the A39 for just over 1 mile, before turning right, signposted Kea Church. Proceed along this road for approximately 1/5th of a mile, passing a pair of semi-detached houses on your right and the access to the woodland is via the next gateway on the right (just before the ford), where a Stags For Sale board has been erected.

DEFINITION OF AUCTION 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.

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.

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. This will be separately invoiced by Stags.

The purchasers shall also reimburse the vendor the cost of the searches carried out, on completion. (This would usually be paid by a buyer in a private treaty sale.)