METHOD OF SALE 

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Tuesday 10th October 2023 at 5.30pm.

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

SITUATION 

The land is well situated on the North Cornish Coast just to the southwest of Porthtowan and approached over a byway. It lies in The Cornwall and West Devon Mining Landscape World Heritage site and is designated a Site of Special Scientific Interest (SSSIs) as open access land and as Article 4 direction orders land. Glorious views can be enjoyed from the land, up and down the coast. There is easy access to the South West Cost Path that passes through the property and leads down to the nearby popular surfers' beach, village store and fish and chip shop at Porthtowan. 

THE LAND - AUCTION GUIDE £20,000 - £30,000

Approached over a byway, the land extends to approximately 8.80 acres of coastal land and cliffs with areas of heather, gorse and other wild flowers running to the cliff tops.. Amazing panoramic cliff, coastal and sea views can be enjoyed from every part of the land. The land is criss-crossed with paths. This offers a rare opportunity to own a stunning part of Cornwall, with access to nearby beaches, excellent coastal walking and exceptional views, with easy access to many of Cornwall's other attractions.

WAYLEAVES AND RIGHTS OF WAY 

The property 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. The South West Coastal Path passes through the property. 

SERVICES 

There are no services connected. 

LOCAL AUTHORITY 

Cornwall Council, County Hall, Treyew Road, Truro, Cornwall, TR1 3AY, T: 0300 1234 100, www.cornwall.gov.uk 

ACCESS 

There is vehicular access over a stoned track from the highway that is also a byway. There are areas where the owner and their friends can park a handful of vehicles on the land. 

TENURE & COMPLETION 

The property is sold freehold with vacant possession on completion 4 weeks after the auction, or earlier by agreement. 

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 Auctions as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price/deposit. 

An additional administration fee of £600 inc. VAT will be payable by the successful purchaser immediately after the auction. 

On Completion, the purchaser(s) shall also reimburse the vendor the cost of the searches carried out, (this would usually be paid by a buyer in a private treaty sale.)

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 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.

PROOF OF IDENTITY 

Under the 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. 

VENDOR'S SOLICITORS 

Thurstan Hoskin Solicitors

Chynoweth, Chapel Street, Redruth, TR15 2BY. 

FAO: Mr S Morrison. Telephone no. 01209 213646. Email: stephen.morrison@thurstanhoskin.co.uk. 

AUCTION LEGAL PACK 

This includes the searches, draft contract, deeds/epitome of title, special conditions of sale etc, and is available online to be downloaded, via the tab on the online auction property listing page. 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. 

VIEWING 

Strictly and only by prior appointment with Stags' Truro office on 01872 264488. Please take the greatest of care given the proximity of the cliffs and mine shafts when viewing. 

DIRECTIONS 

What3Words : ///tallest.kindest.storming 

From Chiverton Cross Roundabout on the A30 near Truro proceed in a NW direction along the B3277 towards St Agnes. Drive for about 2 miles and at the garage, turn left towards Porthtowan. Drive to the crossroads and go straight over. Drive down into the valley, ignore the turning at the bottom to the right to Porthtowan and continue up the hill for about 300 yards. Bear right into Forthvean Road. Continue up Forthvean Road to the top of the hill where there is a stone lane entrance on the right hand side. This long straight lane leads to the land.

DEFINITION OF GUIDE AND RESERVE PRICE 

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 price(s) 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.

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 Auctions as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price/deposit. 

An additional administration fee of £600 inc. VAT will be payable by the successful purchaser immediately after the auction. 

On Completion, the purchaser(s) shall also reimburse the vendor the cost of the searches carried out, (This would usually be paid by a buyer in a private treaty sale.)

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.