METHOD OF SALE 

The property is offered for sale by Traditional Online Auction (unless sold prior.) The auction end date is Wednesday 9th of August 2023 at 6pm.

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

SITUATION 

The land previously formed part of Churchill Farm and lies 0.5 miles west of Loxbeare in Mid Devon, nearby to the road between Tiverton and Rackenford. The village of Rackenford is 4 miles to the west and the market town of Tiverton lies 4 miles to the east. 

DESCRIPTION - AUCTION GUIDE £80,000

9.78 acres (3.95 hectares)

Lot 3 is an attractive mix of south-facing pasture and woodland which runs down to a small stream which flows against the southern boundary. The pasture would suit grazing and mowing and the woodland, known as Churchill Copse, includes mainly mature deciduous trees.

ADDITIONAL LOTS AVAILABLE VIA SEPARATE AUCTIONS 

LOT 1: 40.90 acres (16.56 hectares)

LOT 5: 4.08 acres (1.65 hectares)

LOT 6: 3.03 acres (1.22 hectares)

SERVICES 

There are currently no services connected to the land. There is a small stream adjacent to the southern boundary.

ACCESS 

Access is via a right of way over Churchill Lane and the track which forms part of LOT 2.

TENURE 

The land is owned freehold and is registered on the Land Registry. 

DESIGNATIONS 

The land is not within a Nitrate Vulnerable Zone (NVZ).

LOCAL AUTHORITY 

Mid Devon District Council (www.middevon.gov.uk / 01884 255255)

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. There are no public rights of way passing across the land. 

LAND PLAN 

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. 

PROOF OF IDENTITY 

Under Money Laundering Regulations 2017 it is a requirement for all Estate Agents to perform due to due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via Bamboo's website and complete the ID checks. There is no charge for registration. 

BUYERS 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.

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 contracts, deeds/epitome of title, special conditions of sale etc. and is available to download free of charge from our auction partners website (https://app.bambooauctions.com). It is the purchaser’s responsibility to make all necessary enquiries proper to the auction. Prospective purchasers are strongly advised to inspect the legal documentation and to consult legal advice prior to bidding.

SOLICITOR ACTING 

Louise Langabeer, Slee Blackwell Solicitors

10, The Cross, Barnstaple, Devon, EX31 1BA 

louise.langabeer@sleeblackwell.co.uk 01271349943

COMPLETION DATE 

The completion date will be 14 days after the auction or as dictated by the Solicitor.

VIEWING 

Viewing is strictly by prior appointment only with Stags (Tel: 01884 235705. Email: farms@stags.co.uk)

DIRECTIONS 

From Tiverton follow the signs for the B3137, and once you are on Rackenford Road proceed on towards Calverleigh/Loxbeare (do not turn onto Long Drag towards Witheridge). Continue through Calverleigh towards Loxbeare. At the garage, ignore the turning to Loxbeare, proceed up the hill (Stoney Lane Hill) and after a quarter of a mile, for LOTS 2, 3 and 4 take the next turn on the right into an unmarked lane (Churchill Lane). Proceed along the lane and the access to these lots will be found on the left, as identified on the land plan.

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. 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 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.