METHOD OF SALE

The property is to be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Thursday 25th July 2024 at 5.30pm.

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

SITUATION

The lots are situated in an excellent central location for the southern aspects of Cornwall, as proven by the 3 nearby camping sites, including one glamping site. This is likely due to its access to the A30 half a mile away which leads by Hayle, 2.5 miles away; known for its stunning beaches and dunes with 3 miles of golden, north coast sand and a wide choice of holiday accommodation.

The lots are poised centrally between the famous harbour town of St Ives, 6.5 miles away, which is known for galleries, shops, festivals and its reputation for winning various national awards including; "best family holiday destination" by Coast magazine and "best seaside town" by The Guardian. Equally infamous on the opposite coast is St. Michaels Mt at Marazion just 3 miles away with its long surfing and kite-boarding beaches of Long Rock and Marazion.

DESCRIPTION

Approximately 4.64 acres of pasture land for auction in two lots, situated in a rural location with easy access to the A30, poised centrally between St. Michaels Mt at Marizion and St Ives.

Lot 1 - 2.34 acres of pasture - Auction Guide: £50,000 - £70,000

Lot 2 - 2.30 acres of pasture - Auction Guide: £20,000 - £40,000 (available by separate auction.)

SERVICES

Main services are not currently connected. Purchasers to satisfy themselves on availability. Mobile coverage Outdoors - EE, Three, O2 and Vodafone (Ofcom - 11/04/2024)

LOCAL AUTHORITY

Cornwall Council, New County Hall, Treyew Road, Truro, Cornwall, TR1 3AY. T: 0300 1234100, www.cornwall.gov.uk

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.

TENURE AND POSSESSION

The property is sold freehold with vacant possession on completion 6 weeks after the auction, or earlier by agreement.

FENCING

Within 1 months of completion: The Vendor will be responsible for the erection and future maintenance of a stock-proof dividing fence between the boundary's. Further details can be found within the legal pack.

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.

BUYERS AND 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.

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.'

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

Sarah Picknett of Nalders Solicitors

North Wing, Bickland Industrial Park, Bickland Water Rd, Falmouth TR11 4SB. Telephone: 01326 313441 Email: skp@nalders.co.uk

VIEWING

Strictly by prior appointment with the vendor's appointed agents, Stags Truro Office on 01872 264488.

DIRECTIONS

What3Words: ///panning.goodnight.joke

Heading south from the Hayle roundabout, continue along the A30 through Rose-an-Grouse to Cannon Town. Turn left on to Arch lane after Sandows Garage. Continue for half a mile. It is suggested that viewers park nearby where the for sale board has been erected on the left hand side which leads into lot 1. To reach lot 2, walk down to the junction from this point and use the southern gate.

DEFINITION OF AUCTION GUIDE 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 guide figure. 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.

IMPORTANT

Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.

BUYERS AND 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.

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.'