METHOD OF SALE

Chy-An-Belray is for sale by Online Traditional Auction (unless sold prior.) The auction end is Tuesday 7th November 2023 at 5pm.

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

SITUATION

Chy-An-Belray is rurally situated just off the B3285 about ½ mile to the west of the popular coastal resort of Perranporth with its sweeping sands and comprehensive range of facilities and amenities.

DESCRIPTION

The approach to Chy-An-Belray is over a short vehicular driveway leading to the extensive gardens and grounds with the dwelling and various former chalet buildings. The single storey residence is of part block and timber framed construction, is in a poor state of repair and is considered to be ripe for complete remodelling or redevelopment. There is a small Hall, Inner Hall, Living Room with open fireplace, Kitchen with base level range of units, 3 Bedrooms, 2nd Reception/Fourth Bedroom, Separate WC and Bathroom.

The gardens and grounds are a picture and offer areas of lawn with mature tree standards, flower beds, shrub beds and seating areas. Within the grounds are 3 detached former holiday chalets in a poor state of repair and which were last used around the mid-1980s. It is considered there is potential to redevelop a holiday orientated enterprise – subject to all necessary consents and approvals. It is also considered there may be some potential for a residential building plot within the grounds – subject to all necessary consents and approvals.

Opposite, across the B3285 is a regular shaped parcel of former mining land, covered with heather, gorse and so forth and which includes with a level area for parking. The land is designated as open access land, an Area of Outstanding Natural Beauty, World Heritage Site, Heritage Coast and is the subject of a Site of Special Scientific Interest. In total, Chy-An-Belray extends to About 1.20 Acres.

SERVICES

Mains water and electricity connected. Private drainage. Oil-fired central heating. TV and telephone points. None of the services have been checked or tested. Interested parties are advised to make their own enquiries and investigations as to the availability of services.

VIEWING

Strictly and only by prior appointment with Stags’ Truro office on 01872 264488. Please note that viewings will be at specified times.

DIRECTIONS

From the centre of Perranporth, take the B3285 towards St Agnes and drive up St George’s Hill. At the top of the hill drive out of the town and Chy-An-Belray will be seen as the second property on the left-hand side after leaving the town. Drive just past the property and there is then a car parking on the left-hand side running parallel with the road.

BUYER’S ADMINISTRATIVE FEES

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 administrative fee, separately invoiced by Stags at £1,200 inclusive of 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.

PROOF OF IDENTITY

Under Money Laundering Regulations 2017, it is a requirement for Estate Agents to perform due diligence checks on any person who intends to bid at auction. There is a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for registration.

AUCTION LEGAL PACK - AVAILABLE SOON

This includes the searches, draft contract, deeds/epitome of title, special conditions of sale, etc., and is available to download free of charge to those who have registered from our auction partners’ website. It is the Purchaser’s responsibility to make all necessary enquiries prior to the auction. Further information about buying online by auction and buyer’s fees are available from Stags’ website.

SOLICITORS

Pullen Davies Solicitors

6 Vicarage Road, St Agnes, Cornwall, TR5 0TJ

Telephone: 01872 553131 Email: juliabeard@pullendaviessolicitors.co.uk

FAO: Julia Beard

TENURE AND POSSESSION

Freehold with vacant possession on completion. The completion date will be as dictated by the legal pack.

DEFINITION OF AUCTION GUIDE AND GUIDE PRICE(S)

Guide Price(s) is an indication of the Seller’s expectation. Reserve Price(s) is a figure below which the auctioneer cannot sell the Lots at auction. We expect the reserve to be no higher than 10% above the 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.

BUYER’S ADMINISTRATIVE FEES

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 administrative fee, separately invoiced by Stags at £1,200 inclusive of 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.