METHOD OF SALE 

The property will be offered for sale by Online Auction (unless sold prior.) The auction end date is Wednesday 18th October 2023 at 5.30pm. 

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

SITUATION 

The land is situated on the outskirts of Oakford, a pleasant village north of Tiverton which has a village pub, Church and hall. The nearby town of Bampton offers a generous range of facilities including schooling, a doctors' surgery, individual shops, public houses and restaurants with Exmoor National Park just a short drive away. Tiverton has a good range of shopping and recreational facilities including a modern district hospital, 18-hole golf course, and sports centre. There are schools for all ages, including Blundell's School which offers discounts to local pupils. Junction 27 of the M5 is approximately 15 miles from the property, alongside which lies Tiverton Parkway Station. 

INTRODUCTION: AUCTION GUIDE £30,000

The land comprises of a sloping pasture field which extends to about 2.39 acres. The Northern boundary is defined by the stream. To the East is a residential property where the boundary is defined by a hedgerow. The Southern and Western boundaries are defined by fencing. Most recently, the land has been used for grazing but would also be suitable for equestrian usage. 

SERVICES 

Water from the stream, no electricity. 

ACCESS 

Access is from the road on to Rookery Hill across the small entrance which is retained by the seller. 

TENURE 

Freehold and is available with vacant possession on completion. 

LOCAL AUTHORITY 

Mid Devon District Council. Phoenix House, Phoenix Lane, Tiverton, EX16 6PP. Email: customerservices@middevon.gov.uk 

SPORTING & 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. 

LAND PLAN 

A plan which is not to scale, is included with these sale particulars for identification purposes only. 

BUYERS & ADMINISTRATION FEE 

The successful purchaser(s) will be liable to pay the sum of £5,000 inc VAT. From this a buyers 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. 

An additional administration fee of £600 including 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.

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. It is the purchaser’s responsibility to make all necessary enquiries prior to the auction. 

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 and to consult legal advice prior to bidding.

VENDOR SOLICITOR 

Nigel Ayre - CROSSE WYATT Solicitors

7, East Street South Molton EX36 3BX P: 01769 572157 

E: nigel.ayre@crossewyatt-solicitors.co.uk 

COMPLETION DATE 

The completion date will be 20 working days after the auction or as dictated by the solicitor. 

VIEWING 

Strictly by appointment through the agents, Stags, on 01884 235705. 

WARNING 

Farms and land can be dangerous places. Please take care when viewing, particularly in the vicinity of farm buildings and livestock. 

DIRECTIONS 

From Tiverton proceed on the A396 towards Bampton, passing through Bolham and Cove. At the roundabout by the Exeter Inn, take the first exit signposted to Dulverton to stay on the A396. Continue for 2 miles and at the next junction keep left to merge onto the B3227, crossing the stone bridge. Proceed up the hill and after 1 mile turn left signposted to Oakford. Continue on the road and through the village passing The Red Lion pub on your right-hand side. Continue for a further 120m where the entrance to the field is found on the right-hand side. 

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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 inc VAT. From this a buyers 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. 

An additional administration fee of £600 including 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.