METHOD OF SALE The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 26th October 2022 at 5pm. 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 stags.co.uk. SITUATION The property is situated on the outskirts of Loxbeare, a popular and much sought after village with a parish hall and Church. Tiverton, approximately 4 miles, is a historic market town boasting a wealth of amenities including both private and state schooling, many shops, banks and building societies and two large supermarkets, as well as a modern hospital, sports centre and swimming pool and an 18 hole golf course. From Tiverton there is easy access to Junction 27 of the M5, alongside which lies Tiverton Parkway with its fast trains to London Paddington. Exeter and Taunton are both within easy driving distance. DESCRIPTION - AUCTION GUIDE £50,000 The Church is detached in a convenient countryside location with excellent links to Tiverton and onto the A361. It has an attractive brick façade with period sash windows and pedestrian access from the road. It is single storey with high ceilings and split level flooring. To the rear is a kitchenette with access to outside. Outside, there is a small section of lawn surrounding the property and continues behind the property. AGENTS NOTE Adjoining the outside space is a graveyard owned by The Methodist Trust. They have a pedestrian access along the gravel path to get to the graveyard. They also have rights to further burials, restricted at 5. The ashes that are buried alongside the building on the property will not be disturbed and friends and relatives of those people whose ashes are so buried will have the right to continue visiting. SERVICES There is no water or drainage connected to the propert. Mains electricity. VIEWINGS Strictly by appointment through the agents please. DIRECTIONS From Tiverton proceed on the A361 for 5 and a half miles and turn left signposted to Rackenford, Templeton and Loxbeare then proceed to the end of the lane and turn left signposted to Templeton and Loxbeare. Continue straight for 1.5 miles and the church can be found on the right hand side. 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 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. This will be separately invoiced by Stags. 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. SOLICITOR ACTING Morwenna Pugsley, Hole & Pugsley Solicitors 6 St Peter St, Tiverton EX16 6NX. Tel: 01884 252827. Email: morwenna@hole-pugsley.co.uk COMPLETION DATE The completion date will be as dictated by the solicitor and included in the legal pack. 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.