Land and Stables at Toadpit Lane - West Hill
Land and Stables at Toadpit Lane , Ottery St Mary, EX11 1TR
- 13
Key features
Guide Price: *
£80,000
Fees apply
Buyer's fee:£2,400
Admin fee:£1,200
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£117,000Bid history
40 bidsLThis is an automatic bid as the bidder has set a maximum bid for this lot
15/06/2023 16:16:37 - £117,000
V
15/06/2023 16:16:37 - £116,000
LThis is an automatic bid as the bidder has set a maximum bid for this lot
15/06/2023 16:15:13 - £115,000
See all 40 bids ▾
METHOD OF SALE
The property will be offered for sale by Online Auction (unless sold prior.) The auction end date is Thursday 15th June 2023 at 5pm.
The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be accessed via our website www.stags.co.uk - Online Property & Land Auctions.
SITUATION
The land and stables are situated in West Hill, a popular settlement in East Devon which lies about 2 miles West of Ottery St Mary and about 6 miles North of Sidmouth. Ottery St Mary has a wealth of amenities including pubs, shops, schools and other wide-ranging services. From its desirable, quiet village position the land benefits from access to public footpaths and country lanes as well as elevated views of the surrounding area.
INTRODUCTION: AUCTION GUIDE £80,000 - £100,000
The land extends to about 3.06 acres of level pasture which is surrounded by boundaries of mature mixed hedging and fencing. The land is currently split into conveniently sized grazing enclosures by temporary fencing . In the South-east corner of the land is a range of timber structures including a timber hay store and 2 timber stables each comprising 2 loose boxes. The stables are reached from the property entrance by a compact hardcore track.
SERVICES
Mains Water Connection - See replies to enquiries in the auction legal pack, section 1.1 and 1.2
ACCESS
Access by a private right of way over an unmetalled track to the South. The access is for agricultural or equine purposes only.
TENURE AND POSSESSION
The land is freehold and is available with vacant possession on completion.
LOCAL AUTHORITY
East Devon Local Authority www.eastdevon.gov.uk
SPORTING AND MINERAL RIGHTS
The sporting and mineral rights insofar as they are owned are included with the freehold.
WAYLEAVES & RIGHTS OF WAY
The property is sold subject to and with the benefit of any wayleave agreement and any public or private rights of way that may affect it. The land benefits from a right of way over a track which is privately owned. The land will be sold subject to a private right of access along the Eastern boundary and between points A and B on the sale plan.
UPLIFT CLAUSE
There is an existing overage on the land which expires on 16th May 2045. The trigger event is the granting of planning permission or alternative use consent for anything other than an agricultural or equestrian use. The additional payment is 50% of the "Enhanced Value" decreasing by 2% for each full year after the date of the Agreement for the first 10 years, and then at a rate of 1% for each completed year to the end of the term of the overage.
PLANS & BOUNDARY FENCES
A plan which is not to scale, is included with these sale particulars for identification purposes only. The vendor shall not be called upon to define the ownership of boundary fences.
VIEWING
Strictly by appointment only. Please contact Stags Farm Agency on 01392 680059.
WARNING
Farms and land can be dangerous places. Please take care when viewing the property, particularly in the vicinity of farm buildings and livestock.
DIRECTIONS
From the A30 junction at Aller Grove, head South on the B3180 towards Exmouth and West Hill. After about 1 mile, turn left signed West Hill and continue along Bendarroch Road into West Hill. Turn left onto Toadpit Lane just before West Hill Garage and follow the lane to the left. Continue along Toadpit Lane and on bearing right continue onto the unmade track. Follow the track for a 100 yards around a left bend until the gate to the field is found, marked by a Stags sale board.
What3Words: bugs.prestige.dreamers
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 administration.
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 as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.
An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.
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 and to consult legal advice prior to bidding.
VENDORS SOLICITOR
Trowers and Hamlins
The Senate, Southernhay Gardens Exeter, Devon EX1 1UG FAO
Nicola Janus-Harris - 01392 612304 njanus-harris@trowers.com
COMPLETION DATE
The completion date will be 28 days after the auction or as dictated by the solicitor.
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.
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 as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.
An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.
Summary
- Auction end
- 15th Jun at 16:21
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
Summary
- Auction end
- 15th Jun at 16:21
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
This property is being sold by:
Stags - Farm Agency
01392 680059
21/22 Southernhay West Exeter Devon EX1 1PR
†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 Stags 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.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Stags 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.
