Land at Woodmill, Cullompton - Lot 1
Land at Woodmill - Lot 1 , Cullompton , EX15 1EY
- 19
Key features
Guide Price: *
£30,000
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:
£71,000Bid history
63 bidsE
24/08/2023 15:01:53 - £71,000
S
24/08/2023 15:01:42 - £70,500
EThis is an automatic bid as the bidder has set a maximum bid for this lot
24/08/2023 15:00:59 - £70,000
See all 63 bids ▾
METHOD OF SALE
The property will be offered for sale by Online Auction (unless sold prior.) The auction end date is Thursday 24th August 2023 at 4pm.
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 is situated about 0.5 of a mile South of Cullompton and lies East of Exeter Road which connects Cullompton and junction 28 of the M5 to Exeter in the South. The land lies West of the River Culm which forms the Eastern boundary. Cullompton provides the surrounding area with suitable services and amenities to support a busy local population.
INTRODUCTION: AUCTION GUIDE £30,000 - £40,000
The land comprises a level meadow which extends to about 5.05 acres. The Eastern boundary is defined by the River Culm which runs along the length of the land. To the West is the B3181, Exeter Road, which is partly obscured from the land by a belt of trees. Through the West of the land also runs Cole Brook which flows into the River Culm to the South of the land. Most recently, the land has been used for cutting grass crops.
SERVICES
No Water. No electricity.
ACCESS
Access from the public highway to the West. A temporary pedestrian bridge crosses the Cole Brook allowing access to the pasture field.
TENURE AND POSSESSION
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. An Environment Agency river monitoring station is situated on part of the land to the South and rights of access exist in favour of the Environment Agency to reach the station from the public highway.
An Environment Agency river monitoring station is situated on part of the land to the South and rights of access exist in favour of the Environment Agency to reach the station from the public highway.
Lot 2 will benefit from a right of way over part of Lot 1 (shown hatched black on sale plan.)
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.
PROOF OF INDENTITY
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 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.
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. 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
Scott Rowe Solicitors
29, Broad Street, Lyme Regis, Dorset. DT7 3QE
FAO Richard Lewis - richard.lewis@scottrowe.co.uk 01297 443 777
COMPLETION DATE
The completion date will be 20 working days after the auction or as dictated by the solicitor.
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 Cullompton, head South, out of town, on Exeter Road. After passing through the national speed limit signs on the edge of Cullompton, continue for about 400 yards. The entrance to Lot 1 can be found on the left hand side. For Lot 2, continue for a further 200 yards.
What3Words: hockey.skies.everyone
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.
An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction.
Summary
- Auction end
- 24th Aug at 15:06
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
Summary
- Auction end
- 24th Aug at 15:06
- 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.
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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.
