This property is no longer on the market
Land
Key information
Property description & features
- For Sale by Online Auction
- Auction Guide Range £20,000 - £30,000
- About 1.03 Acres
- Pasture
- River Frontage
- Additional Lot Available
- Freehold
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 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 - 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 £20,000 - £30,000 - The land comprises a level pasture field which extends to about 1.03 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 mature hedging and some grown up trees.
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 by a right of way over part of Lot 1.
Tenure And Possession - Freehold and is available with vacant possession on completion.
Local Authority - East Devon Local Authority /
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.
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.
Completion Date - The completion date will be 20 working 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.
Buyers & Administration Fee - Traditional Online - The successful purchaser(s) will be liable to pay the sum of £5,000 inc VAT. From this a 'buyers 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 including 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.
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 administration.
Auction Legal Pack - This includes the searches, draft contract, deeds/epitome of title, special conditions of sale etc., and is available to download free of charge to those who have registered, from our auction partners website () . It is the purchasers responsibility to make all necessary enquiries prior to the auction. Further information about buyer's fees are available on Stags website.
Vendors Solicitor - Scott Rowe Solicitors
29 Broad Street, Lyme Regis,
Dorset, DT7 3QE
FAO Richard Lewis
[use Contact Agent Button] /[use Contact Agent Button]
Viewing - Strictly by appointment only. Please contact Stags Farm Agency on[use Contact Agent Button].
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 600 yards, passing Lot 1 on the left. Lot 2 can be found on the left hand side and is marked by a Stags sale board. What3Words: scoop.earl.quench
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