The Old Reservoir
Ridgeway Lane, Colyton, EX24 6RP
- 34
Key features
Guide Price: *
£195,000
Fees apply
Buyer's fee:£2,400
Admin fee:£1,080
Legal fee:£763.20
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
Highest bid:
£195,000Bid history
1 bidK
01/10/2021 08:11:42 - £195,000
bedroom home just outside the town. 0.13 acre (0.05 ha).
The Old Reservoir benefits from planning consent to convert into a
family home with work having been substantially started including
removal of the covering soil, concrete floor and openings through
the thick concrete to form the windows and door ways.
For sale by online auction to be concluded on 1st October 2021 at 12pm noon.
The plans show a semi-open plan kitchen/dining room and sitting
room with large glazed windows on the eastern elevation and a
curved barrelled ceiling. The three bedrooms are lit from above or
the western elevation, with provision of a study/4th bedroom, en
suite family bathroom and a separate cloak room. This site, which
extends to approximately 0.13 acres (0.05 ha) is set elevated above
the town of Colyton with direct access onto the public lane.
Positioned along a quiet no through road within walking distance of
the historic small town of Colyton this former South West Water
Reservoir looks out over the Axe Valley.
Planning permission was granted on the 2nd June 2014 (Ref
13/0505/FUL) subject to conditions and a section 106 agreement.
Pre development conditions were discharged and substantial
works begun, thus saving the planning consent.
The Section 106 agreement requires the payment of a contribution
of £1,955.64, index linked with the Retail Prices Index to East
Devon District Council prior to occupation.
Mains water and spring water on site. Electric connected. The
plans show a private drainage system to be installed by the
purchaser.
All viewings strictly by appointment only. Please contact our Honiton office on 01404 46222 to arrange a viewing.
This is a building site and is a dangerous place, please use suitable footwear. DO NOT CLIMB ON THE BUILDING.
The successful purchaser(s) will be liable to pay a non-refundable “Buyers Fee” of £2,000 plus VAT, which is split 50/50 between the selling Agents and Bamboo Auctions (the online auction provider).
Buyers Administration Fee
The successful purchaser(s) will be liable to pay a Buyer’s Administration Fee of £750 (plus VAT) to the selling Agents after exchange of contracts.
Summary
- Auction end
- 1st Oct at 11:00
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 2
- Council tax band
- Ask Agent
Summary
- Auction end
- 1st Oct at 11:00
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 2
- Council tax band
- Ask Agent
This property is being sold by:
Greenslade Taylor Hunt - Yeovil
01935 415300
22 Princes Street, Yeovil, Somerset, BA20 1EQ
†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 GTH 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 GTH 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.
