Equestrian Property off Oldbury Road, Hartshill, Nuneaton, CV10 0TJ
Equestrian Property off Oldbury Road, Nuneaton, CV10 0TJ
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Key features
Guide Price: *
£260,000
Fees apply
Buyer's fee:£3,600
Legal fee:£912
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£240,000Bid history
8 bidsKThis is an automatic bid as the bidder has set a maximum bid for this lot
20/06/2024 12:27:37 - £240,000
W
20/06/2024 12:27:37 - £239,000
KThis is an automatic bid as the bidder has set a maximum bid for this lot
20/06/2024 12:13:19 - £238,000
See all 8 bids ▾
For Sale by Online Auction
An exciting opportunity to purchase a well-equipped equestrian property with stables, manège, pastureland and hardstanding yard area in a rural location with excellent transport links.
Features
· Equestrian property with stables, manège and pastureland extending to 8.56 acres
· Direct road access with off-road parking
· Rural location with excellent transport links
· Freehold with vacant possession upon completion
Location
The property has direct road access off Oldbury Road, opposite Hartshill Hayes Country Park, approximately 1 mile west of Hartshill. Nuneaton town centre is approximately 3.5 miles to the southeast and Atherstone town centre is approximately 4 miles to the north. The property is well located with excellent transport links as the A444 is approximately 3 miles to the southeast, providing access to the A5, M6 and further afield. Nuneaton train station is approximately 3.5 miles to the southeast.
Description
The property extends to approximately 8.56 acres comprising nine 12’ x 12’ stables, a 20m x 40m manège with a Combi-ride fibre and rubber surface and training mirrors, tack room, hay barn and club house with a hardstanding yard area and pastureland. The pastureland has been split into several paddocks and each paddock is supplied with water and electric fencing.
The property was granted planning permission in 2012 for use as an equestrian riding school.
The land has mature hedge and fenced boundaries and is surrounded by agricultural land and woodland.
Services
We understand that the property benefits from mains water and mains electricity.
Purchasers should make their own enquiries as to the availability and adequacy of the services.
Tenure
Freehold with vacant possession upon completion.
Method of Sale
The property will be sold by online auction.
Auction Terms
The property is for sale by online auction. All details, terms and conditions and the contract pack are available on our website.
The purchaser of this property is subject to the following payments upon exchange:
· Buyers Premium: £1,500 + VAT
· Auction Platform Fee: £1,500 + VAT
· £1,400 towards the 10% of the legal deposit
The remainder of the 10% deposit of the purchase price is due by 12 noon on the next working day.
The purchaser is subject to the following payments upon completion:
· Balance of the purchase price
· Search fees of £760.10 + VAT
· Administration fee of £420 + VAT
Vendor’s Solicitor
Amy Moore
Rothera Bray Solicitors, Spa Place, 36 – 42 Humberstone Road, Leicester, LE5 0AE
Tel: 01162 045345
Email: a.moore@rotherabray.co.uk
Overage Clause
The property is subject to an existing overage clause which will clawback 50% of any development uplift in value attributed to any change of use or planning permission which is due to expire on 1st November 2032.
For the avoidance of doubt, the overage clause will not be triggered by any equestrian, agricultural or forestry uses.
Please note that this is an existing overage clause, so it will not be possible to exclude this from the sale.
Local Authority
North Warwickshire Borough Council
customerservices@northwarks.gov.uk | 01827 715341
Easements, Wayleaves & Rights of Way
We are not aware of any public rights of way over the land.
The land is sold subject to and with the benefit of any easements, wayleaves and rights of way that may exist at the time of sale, whether disclosed or not.
Severn Trent Water
Please note that Severn Trent Water have informed the vendor that a planned scheme may affect the land. A plan of the proposed route can be found in the auction contract pack, however, please note that the scheme is in the early stages and any plans could be subject to change.
Viewing
Strictly by prior appointment only.
Please contact Susannah Leedham or Anna Meynell at the Atherstone office on 01827 721380.
Plan, Area & Description
The plan, area and description are believed to be correct in every way, but no claim will be entertained by the Vendor or their Agents in respect of any error, omissions or misdescriptions.
The plan is for identification purposes only and is not to scale.
Anti-Money Laundering
Under the Money Laundering Directive (S12017/692) we are required to take full identification (e.g., photo ID and recent utility bill as proof of address) when a purchaser submits an offer for a property. Please be aware of this and have the information available.
What3Words
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Summary
- Auction end
- 20th Jun at 14:00
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
Summary
- Auction end
- 20th Jun at 14:00
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
This property is being sold by:
Howkins & Harrison - Farm and Rural
01530 877977
†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 Howkins & Harrison 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 Howkins & Harrison 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.
