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Land
Key information
Property description & features
- For Sale by Traditional Online Auction
- 40.90 Acres (16.56 Hectares)
- Direct Road Access
- Productive Arable / Pasture Land
- Far Reaching Views
- FREEHOLD
- Additional Land Lots Available
Method Of Sale - The property is offered for sale by Traditional Online Auction (unless sold prior). The auction end date is Wednesday 9th August at 5:30 pm. The vendor reserves the right to withdraw or alter the land for sale prior to the auction end date.
Situation - The land previously formed part of Churchill Farm and lies 0.5 miles west of Loxbeare in Mid Devon, nearby to the road between Tiverton and Rackenford. The village of Rackenford is 4 miles to the west and the market town of Tiverton lies 4 miles to the east.
Description - Auction Guide £325,000.
40.90 acres (16.56 hectares). Lot 1 includes productive south-facing pasture land with far reaching views towards the Exe Valley and direct road access.
The land lies within five enclosures of level and gently sloping pasture which has been used for mowing and grazing. There is a small area of deciduous woodland and a small stream flows along the southern boundary.
Additional Lots Available - LOT 2: 14.51 acres (5.88 hectares).
LOT 3: 9.78 acres (3.95 hectares).
LOT 4: 4.88 acres (1.98 hectares).
LOT 5: 4.08 acres (1.65 hectares).
LOT 6: 3.03 acres (1.22 hectares).
Services - LOT 1: There are currently no services connected to the land. There is a stream within the southern boundary.
Access - LOT 1: There is direct access from the adjoining public highway.
Tenure - The land is owned freehold and is registered on the Land Registry.
Designations - The land is not within a Nitrate Vulnerable Zone (NVZ).
Local Authority - Mid Devon District Council (/[use Contact Agent Button]).
Auction Legal Pack - This includes the searches, draft contracts, deeds/epitome of title, special conditions of sale etc. and is available to download free of charge from our auction partners website ().
It is the purchaser's responsibility to make all necessary enquiries proper to the auction. Further information about the buyer's fees are available on Stags website.
Solicitor Acting - Louise Langabeer, Slee Blackwell Solicitors, Barnstaple, Devon.
Completion Date - The completion date will be 14 days after the auction or as dictated by the solicitor.
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. Guide prices may change at any time prior to the auction.
Proof Of Identity - Under Money Laundering Regulations 2017 it is a requirement for all Estate Agents to perform due to due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via Bamboo's website and complete the ID checks. There is no charge for registration.
Purchaser Reservation 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.
The remainder of the 10% deposit (less £2,600) must be paid within 48 hours of the end of the online auction.
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.
There are no public rights of way passing across the land.
Viewing - Viewing is strictly by prior appointment only with Stags ([use Contact Agent Button]. [use Contact Agent Button]).
Directions - From Tiverton follow the signs for the B3137, and once you are on Rackenford Road proceed on towards Calverleigh/Loxbeare (do not turn onto Long Drag towards Witheridge).
Continue through Calverleigh towards Loxbeare. At the garage, ignore the turning to Loxbeare, proceed up the hill (Stoney Lane Hill) and after a quarter of a mile pass the right turn to Churchill Lane.
For Lots 1 and 5, pass Churchill Lane and continue for 0.7 miles and the gateway which leads to Lots 1 and 5 will be found on the right.
Disclaimer - These particulars are a guide only and are not to be relied upon for any purpose.
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Property reference 32444576. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Stags - Exeter, Farm Agency.
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