METHOD OF SALE 

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 23rd August 2023 at 6pm.

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

SITUATION 

The land lies approximately 1.5 miles southwest of the nearby village of Lanner which offers a selection of everyday facilities including post office, public house, bakery and general store. Stithians Watersports Centre and Café lies an equal distance to the south and offers a network of tranquil paths and various water sports facilities. For the equestrian enthusiast there is is a comprehensive network of accessible bridleways offering miles of off road hacking. Redruth is approximately 2 miles to the north, Falmouth is 9.5 miles southeast, the Cathedral City of Truro is 11 miles northeast and the well serviced village of Stithians is 3 mile to the southeast. Both Redruth and Truro have veterinary practices and mainline railway stations connecting with London Paddington. There are popular beaches on the north and south coast at Portreath (6.5 miles) and Swanpool (9.5 miles). 

DESCRIPTION - AUCTION GUIDE £65,000 - £85,000 

The land consists of approximately 3.52 acres of gently sloping, south-facing pasture, primarily within a single field. The land is accessed off a minor road via a 7.5m wide access strip. There is a large dilapidated agricultural barn which may offer scope for alternative use (subject to any necessary planning consent). This sits in a commanding position, set back from the road and overlooks the land. At the bottom of the hill is a level area, which may offer potential for the creation of a wildlife pond, (subject to any necessary consents). Given the local road and bridleway network, the land is likely to appeal to purchasers with an equestrian interest. Equally due to its proximity to Stithians Reservoir and popular Cornish beaches, the land might appeal to those looking for a base in the area to make use of 28-day camping Permitted Development Rights, or the barn may attract speculative investors wanting to explore the property's potential. There is potential to purchase additional land adjacent to the access, subject to separate negotiation. 

FENCING 

Within 6 months of completion, the purchaser will be responsible for erecting a new dividing stockproof fence to the south of the track, as well as the dividing boundary to the north and west of the barn. Further details can be found within the legal pack. 

SERVICES 

Mains water is available for connection from the road to the north and rights to bury a pipe from the road to the barn will be granted. A Drainage Search is included within the Legal Pack. There is a partially lined well at the bottom of the land that has been used to pump water to the barn from. Overhead mains electricity lines appear to run up the road frontage. Buyers must satisfy themselves on these points. 

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. There are no public rights of way shown on the Ordnance Survey Plan affecting the property. Please note that the adjoining landowner has a right of way over the access strip to enable them to access their adjacent fields. Please see legal pack for further information. 

LOCAL AUTHORITY 

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

TENURE & COMPLETION 

The property is sold freehold with vacant possession on completion.

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. 

BUYERS & ADMINISTRATION FEE 

The successful purchaser 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.

The purchasers shall also reimburse the vendor the cost of any searches carried out. 

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.

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. 

VENDOR'S SOLICITORS 

Stephen Morrison - Thurstan Hoskin Solicitors 

Chynoweth, Chapel Street, Redruth, Cornwall, TR15 2BY. 

Tel: 01209 213646 

Email: stephen.morrison@thurstanhoskin.co.uk 

VIEWING 

Strictly by prior appointment with the vendor's appointed agents, Stags Farm Agency on 01872 266729. 

DIRECTIONS 

What3Words: ///fussed.fattening.outline 

From Truro, head south on the A39 for approximately 5 miles passing through Playing Place and into Perranarworthal, before turning right onto Cove Hill. Proceed for approximately 1/3 of a mile before turning left onto Trewinnard Road. After another 1/3 of a mile, turn left signposted Stithians and Ponsanooth. Proceed for approximately 1 mile before arriving at a junction with the A393. Turn right signposted Stithians. Proceed along this road passing Burncoose Nurseries and The Fox and Hounds (PH) and head into the village of Lanner. Proceed through the village and shortly after passing the Post Office on your left, turn left onto Rough Street. Proceed for just over 1/2 a mile before arriving at a junction - turn left. Proceed for a short distance, passing the grass triangle on your left, before turning right. Continue for 1/5 of a mile before turning left, signposted Stithians. After a short distance, the access track for the land can be found on your left, where a Stags For Sale board has been erected.

DEFINITION OF AUCTION 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 figure 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.

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.

BUYERS & ADMINISTRATION FEE 

The successful purchaser 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. 

The purchasers shall also reimburse the vendor the cost of any searches carried out.