METHOD OF SALE

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The Auction end date is Tuesday 9th July 2024 at 5pm.

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

SITUATION

The property is centrally positioned within the thriving village of Lewannick, alongside the popular village pub, The Archer Arms. It is also within level walking distance of the Post Office/general stores, village hall and primary school. The A30 trunk road is less than a mile from the property and links to the former market town of Launceston where there is a wider range of shopping facilities whilst the rugged coast of North Cornwall is approximately 18 miles away.

DESCRIPTION - AUCTION GUIDE £65,000-£85,000

An exciting opportunity to purchase a Grade II Listed character property that has been granted planning permission and Listed Building consent to convert into a 2 bedroom residential dwelling. The property was formerly the villages Doctors Surgery and is in need of complete renovation and refurbishment. It's understood that the end of terrace property is constructed of mixed materials including cob and block walls with mixed roofing, and windows of both wooden single glazed, along with uPVC double glazed.

ACCOMMODATION

The current layout of the property comprises 2 reception rooms on the ground floor with rear utility rooms, both with plumbing connected. Stairs from the sitting room rise to the first floor which is currently one room with windows overlooking the front. The proposed plans offer 2 bedrooms and a bathroom on the first floor, and can be found on the Cornwall Council Planning Portal.

OUTSIDE

The property is approached from the road to the main entrance, with a side access to the rear. At the rear of the property, also accessed from inside, is a gravelled courtyard area for outdoor seating. There is no allocated parking with the property, only on road parking within the village.

PLANNING

For full information on planning it is recommended to view the legal pack or revert to the Cornwall Council Planning Portal.

Note - we understand the proposed development will be liable for a charge under the Community Infrastructure Levy (CIL) but the amount is TBC.

Conditional Planning Consent: PA23/08519. Listed Building Consent: PA23/08520

SERVICES

Mains water, electricity and drainage. Wooden single glazed and uPVC double glazed windows. Night storage heating. Please note the agents have not inspected or tested these services. The property is sold subject to all local authority charges.

VIEWING

Strictly by prior appointment with the vendors' appointed agents, Stags.

DIRECTIONS

From Launceston, head west on the A30 towards Bodmin and after approximately 5 miles, take the left hand exit signposted Lewannick. Follow the slip road to the T-junction and turn left again and continue into the village of Lewannick. At the junction with the Archer Arms on the left hand side, turn left and the property will be located on the left hand side with a Stags for sale board.

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 AND ADMINSTRATION 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 Auctions 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.

The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the 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.

SOLICITOR ACTING

Jess Lewis of Stephen Scown Solicitors. Osprey House, Malpas Rd, Truro TR1 1UT.

E: J.Lewis@stephens-scown.co.uk T: 01872 265100.

COMPLETION DATE

The completion date will be as dictated by the solicitor and included in the legal pack.

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 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 provision 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 AND ADMINSTRATION 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 Auctions 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.

The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.