Land on Cannington Road - Witheridge
Land on Cannington Road , Tiverton, EX16 8EZ
- 3
Key features
Guide Price: *
£20,000
Fees apply
Buyer's fee:£2,400
Admin fee:£1,200
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
Opening bid:
£10,000Bid history
0 bidsMETHOD OF SALE
The property is offered for sale by Traditional Online Auction (unless sold prior.) The auction end date is Wednesday 21st May 2025 at 4.30pm.
The vendor reserves the right to withdraw, sell or alter the land for sale prior to the auction end date. The property can be accessed via our website - stags.co.uk on the Auction page.
SITUATION
The land lies on the western edge of Witheridge in North Devon, approximately 0.5 miles from the village centre. The market towns of Tiverton and South Molton are within 10.5 miles and 11 miles respectively.
DESCRIPTION Auction Guide £10,000 to £20,000
The land comprises an area which is designated public open space and totals approximately 0.80 acres (0.32 hectares). It was originally planted as an amenity grass area with wildflower meadows, formal shrub planting and groups of new native broadleaf trees.
TENURE
The land is owned freehold and is registered on the Land Registry.
COVENANTS
Details of all covenants are outlined within the Legal Pack. There is a covenant which states: Not to use the open space other than open space for free public use and enjoyment and to maintain the open space at the owner's sole cost.
LOCAL AUTHORITY
North Devon District Council (www.northdevon.gov.uk)
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 open public access to the entirety of the land.
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 Witheridge Village Square, proceed towards Tiverton on the B3137 and after 0.1 miles turn right into Chapple Road. Continue for 0.1 miles and turn right into Brooke Road and after a further 0.15 miles turn left into Broomhouse Park and take the next left turn into Cannington Road. Continue past Witheridge Medical Centre (on the left) and follow the road around to the right and the land will be found straight ahead.
WHAT3WORDS
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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.
AUCTION FEES
The successful purchaser(s) will pay the sum of £5,000 at the end of the auction. 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 deposit.
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 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
Muve Solicitors. Contact: Josephine Wheatley-Johnson - josephine.johnson@muve.me.uk
COMPLETION DATE
The completion date will be 20 working days after the auction or earlier by arrangement.
DEFINITION OF AUCTION GUIDE & 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 10% of the guide price. 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.
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.
AUCTION FEES
The successful purchaser(s) will pay the sum of £5,000 at the end of the auction. 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 deposit. An additional administration fee of £1,200 (inc VAT) will be payable by the successful purchaser immediately after the auction.
Summary
- Auction end
- 21st May at 15:30
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
Summary
- Auction end
- 21st May at 15:30
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
This property is being sold by:
Stags - South Molton
01769 572263
29 The Square South Molton Devon EX36 3AQ
†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 Stags Online Auction 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 Stags Online Auction. 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.
