METHOD OF SALE

The property is to be offered for sale by Traditional Online Auction (unless sold prior.) The auction end date is Wednesday 7th August 2024 at 5.30pm.

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

SITUATION

Nestled in attractive undulating Cornish countryside, 3 miles south of Redruth, this peaceful block of land lies less than 2 miles away from Stithians Reservoir, with its popular water sports centre and campsite. As well as being able to hire or take lessons in a range of water sports including sailing, windsurfing, kayaking and foiling, there is a popular waterside coffee shop and nearby pub. A walking and cycle path runs around the whole lake, the comprehensive network of minor lanes, paths and bridleways are popular with cyclists, walkers and horse riders. Stithians itself has a good range of village amenities and is known for the popular Stithians Show; regularly attracting in excess of 20,000 visitors, 3.1 miles away, Redruth benefits from a much larger range of amenities, with many shops, and eateries. The popular port town of Falmouth lies just 8 miles south, known for its galleries, museums, castle and fine eateries, as well as regular festivals. Popular with tourists and students, it has been named as 'One of Britain's Best Coastal Town.'

DESCRIPTION

In a elevated position with beautiful far reaching landscape views over the parish of Lanner, the land is a level meadow suitable predominantly for equestrian buyers or amenity buyers who would like to take advantage of the '60 day camping' Permitted Development rights. Springtime sees the Cornish walled hedges brimming with Pink Campions, Bluebells and Foxgloves, with some trees providing good shade and shelter.

Lot 1 - 4.41 Acres - Guide Price: £40,000 - £60,000

Lot 2 - 2.21 Acres - Guide Price: £30,000 - £45,000 (available by separate auction)

SERVICES

There are no mains services currently connected. An overhead electricity line crosses the land.

Mobile coverage Outdoors - EE, Three, O2 and Vodafone (Ofcom - 09/05/2024)

Purchasers to satisfy themselves on the availability and capacity of mains services.

FENCING

Within 6 months of completion:

The Purchaser of Lot 1 will be responsible for the erection and future maintenance of a stockproof dividing fence between the W boundary shared with Lot 2. The Vendor has obtained planning permission for a new access as shown on the plan. They will install this prior to completion. Each Lot will have its own galvanised 3m wide gateway off the access splay.

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.

Lot 1 will own the access splay (shown hatched on the plan.)

Lot 2 shall have right of access rights over it.

Further details can be found within the legal pack. Within Lot 1 there is a public footpath along the inside of the eastern boundary of the southern field and the southern boundary of the back field.

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 6 weeks after 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 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 inc VAT is payable towards the purchase price.

An additional administration fee of £600 inc 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.'

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, this will/may contain material information regarding the property, and to consult legal advice prior to bidding.

VENDOR'S SOLICITORS

Stephen Morrison of 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 Truro Office on 01872 264488.

DIRECTIONS

What3Words: ///humid.shampoo.doubts

From Ponsanooth, head north on the A393 for 1.6 miles. After passing Burncoose Nurseries, take the second left. Continue along this road for 1 mile. The land is on the right. A For Sale board has been erected by the entrance. There is a layby/double gateway opposite the proposed new gateway, on which to park. Prior to the construction of the new gateway enter the land via the footpath (Approximately 100m to the east and opposite a building)

DEFINITION OF 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 or no more than 10% above a single guide figure. 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.

IMPORTANT

Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing

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 inc VAT is payable towards the purchase price.

An additional administration fee of £600 inc 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.'