Land at Sandpitt Hill - Colyton
Land at Sandpitt Hill , Colyton, EX24 6HX
- 8
Key features
Guide Price: *
£48,000
Fees apply
Buyer's fee:£2,400
Admin fee:£600
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:
£52,000Bid history
11 bidsMThis is an automatic bid as the bidder has set a maximum bid for this lot
20/07/2023 16:24:15 - £52,000
E
20/07/2023 16:22:45 - £51,500
MThis is an automatic bid as the bidder has set a maximum bid for this lot
20/07/2023 16:22:08 - £51,000
See all 11 bids ▾
METHOD OF SALE
The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Thursday 20th July 2023 at 5.30pm.
The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.
SITUATION
Located up a quiet track a short distance from the small town of Colyton, the land is set in a gently elevated position looking down over the Axe Valley. Colyton has a rich historical heritage with many interesting buildings dating back as early as the 14th century and which offers a surprising range of day to day amenities including shops, a primary school, the renowned Colyton Grammar School, terminus for the Colyton/Seaton tramway, Post Office, health centre, pubs, restaurants and the beautiful parish Church of St Andrews.
The coast at Lyme Regis with its famous Cobb and bay with other resorts at Sidmouth, Seaton, Beer and Branscombe, are all within a short distance. There is a main line station on the London Waterloo line at Honiton and Axminster. Colyton lies in the heart of the East Devon Area of Outstanding Natural Beauty.
DECRIPTION
Extending to 4.81 acres (1.95 ha) forming a part of this much larger parcel which were formerly sandpits, the attractive parcel of pasture is bordered by mature tree lined/hedge boundaries to the south and east.
ACCESS
Access is off a stone lane from the south east corner about 200 meters from the council road.
BOUNDARY FENCES
Vendor to erect a boundary fence A - B - C
SERVICES
There is potential to connect to mains water via a sub - meter.
DIRECTIONS
From the centre of Colyton, head into Queen street and opposite the Soanes Cycle shop turn left into Sidmouth Road, going up the hill out of the town. After about 3/4 m the access to the paddock will be on your right. Continue up the track for 200 meters and the paddock is on your left.
WHAT3WORDS
Paddock - ///fancy.inform.ivory
Access from Road - ///warp.gambles.nest
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(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 immediately after the auction.
An additional administration fee of £600 inc VAT will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.
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.
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. 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.
SOLICITOR ACTING
Richard Lewis - Scott Rowe Solicitors
29 Broad Street, Lyme Regis, DT7 3QE.
richard.lewis@scottrowe.co.uk 01297 443777
COMPLETION DATE
The completion date will be as dictated by the solicitor and included in the legal pack, shown as 20 working days after the auction.
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(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 immediately after the auction.
An additional administration fee of £600 inc VAT will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.
Summary
- Auction end
- 20th Jul at 16:30
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
Summary
- Auction end
- 20th Jul at 16:30
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
This property is being sold by:
Stags - Honiton
01404 45885
Bank House66 High Street Honiton Devon EX14 1PS
†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.
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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.
