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Launceston
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Property description & features
- For Auction 4th June 2024
- 18.57 acres of pasture available in 2 Lots
- Lot 1 - 18.07 ac with long-term potential
- Lot 2 - 0.50 ac with more imminent development potential (STP)
- Lot 1: Guide: £275,000 - £325,000
- Lot 2: Guide: £150,000 - £175,000
An 18.57 acre Prime Development/Investment Land Opportunity, 0.3 of a mile from Launceston town centre and between surrounding housing areas.
For Auction 04th June 2024. 18.57 acres of pasture available in 2 lots
Lot 1 - 18.07 ac with long-term potential - Guide: £275,000 - £325,000
Lot 2 - 0.50 ac with more imminent development potential (STP) Guide: £150,000 - £175,000
Method Of Sale - The property is to be offered for sale by Traditional Online Auction on Tuesday 4th June 2024 at 5pm for lot 1 and 5.30pm for lot 2.
The property will be sold subject to an undisclosed reserve and the vendor/s reserve the right for the auctioneer to bid in the usual way on their behalf up to the reserve. 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 land is situated right on the eastern edge of the popular former market town of Launceston, accessed by the A388 and the Tavistock Road. The town centre is 0.3 miles to the west and access onto the A30 is 1 mile to the south. The land sits in an elevated position with wonderful far reaching views towards Dartmoor.
The A30 links Launceston with the cathedral cities of Exeter and Truro. Launceston's good road links provide convenient access to both the north and south coasts, together with Dartmoor National Park and the many other attractions Cornwall has to offer.
Launceston offers a wide range of shops, including supermarkets, M & S Food Hall, Doctors, Dentists, cafes, and schools, including the popular private school, St Josephs. There are also two 18-hole golf courses as well as sports and social clubs, not to mention the historic Launceston Castle.
Description - Approximately 18.57 acres of valuable grazing land with investment / development potential (STP,) situated on the edge of Launceston, close to the town centre. It has stunning far reaching rural views towards Dartmoor. The land has recently been put forward within Cornwall Council's Strategic Housing Land Availability Assessment.
For auction in two lots:
Lot 1 - 18.07 acres of undulating pasture with 3 accesses off A388 / Tavistock Road, comprised within 7 fields Auction Guide: £275,000 - £325,000.
Lot 2 - 0.50 acres of pasture, with investment/development potential for 1/2 dwellings with houses on 3 sides and accessed from a private driveway off the Tavistock Rd, Auction Guide: £150,000 - £175,000.
Services - Main water, gas, drainage and electricity are not currently connected but all appear to be available close by for connection. Purchasers to satisfy themselves on this. Rights shall be reserved to bring in services over or under lot 1 for the benefit of lot 2. Mobile coverage Outdoors: "Likely for:" EE, Three, O2 and Vodafone (Ofcom - 09/04/2024).
Overage Provision - An Overage provision will be included within the contract, requiring the Purchasers and their successors in title to pay the Vendor 30% of any uplift in value, triggered on the granting of planning permission (or equivalent) for any residential or commercial development within 30 years from completion. For the avoidance of doubt, planning for agricultural or equestrian buildings/use will not trigger the overage.
Wayleaves And Rights Of Way - The land is sold subject to and with the benefit of any wayleave agreements in respect of electricity or telephone equipment and the property is sold subject to and with the benefit of any public or private rights of way. Lot 2 has access over a very small part of Lot 1, (hatched brown and outlined in red. on the plan) Both lots have access over the neighbour's hatched driveway off Tavistock Rd.
Local Authority - Cornwall Council, New County Hall, Treyew Road, Truro, Cornwall, TR1 3AY. T:[use Contact Agent Button], .
Tenure & Completion - The property is sold freehold, yet subject to a Farm Business Tenancy. A Notice to Quit has been served on the Tenant to terminate the tenancy on the 1st May 2025. Completion is due 6 weeks after the auction.
Fencing - Within 6 months of completion:
The purchaser of lot 2 will be responsible for the erection and maintenance of a stockproof dividing fence on its NE boundary, between lots 1 and 2. Lot 2 can also erect a fence along its SE boundary between lots 1 and 2. Further details can be found within the legal pack.
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 Bamboo Fusion and complete the ID checks in advance of the auction date. There is no charge for registration.
Buyers & Administration Fee - The successful purchaser(s) of each lot 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/deposit.
An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser of each lot immediately after the auction. The purchasers shall on Completion, also reimburse the vendor the cost of any searches carried out, (This would usually be paid by a buyer in a private treaty sale.)
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 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.'
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.
Vendor's Solicitors - Mr John Brentnall of Wards Solicitors LLP,1-3 Alexandra Rd, Clevedon, Bristol BS21 7QF. Telephone:[use Contact Agent Button] [use Contact Agent Button]
Definition Of 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 guide figure. Guide prices may change at any time prior to the auction.
Viewing - Strictly by prior appointment with the vendor's appointed agents, Stags Launceston Office on[use Contact Agent Button].
Directions - What3Words Lot 1: ///junior.untrained.chicken Lot 2: ///veal.wreck.award
From the A30 heading east, turn left at the end of the slip-road and follow the A388 into Launceston. Turn right at the Tesco double roundabout and continue on the A388 (Tavistock Rd.). For Lot 2, after a quarter mile, take the 4th driveway on the right which leads to Lot 2 via an overgrown gate, on the left, just before a corner. For lot 1, continue on the A388 and around the sharp right corner and down the hill until you come to a layby on the right. The gate at the end of the layby leads into Lot 1. For Sale boards have been erected near both these entrances.
For Auction 04th June 2024. 18.57 acres of pasture available in 2 lots
Lot 1 - 18.07 ac with long-term potential - Guide: £275,000 - £325,000
Lot 2 - 0.50 ac with more imminent development potential (STP) Guide: £150,000 - £175,000
Method Of Sale - The property is to be offered for sale by Traditional Online Auction on Tuesday 4th June 2024 at 5pm for lot 1 and 5.30pm for lot 2.
The property will be sold subject to an undisclosed reserve and the vendor/s reserve the right for the auctioneer to bid in the usual way on their behalf up to the reserve. 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 land is situated right on the eastern edge of the popular former market town of Launceston, accessed by the A388 and the Tavistock Road. The town centre is 0.3 miles to the west and access onto the A30 is 1 mile to the south. The land sits in an elevated position with wonderful far reaching views towards Dartmoor.
The A30 links Launceston with the cathedral cities of Exeter and Truro. Launceston's good road links provide convenient access to both the north and south coasts, together with Dartmoor National Park and the many other attractions Cornwall has to offer.
Launceston offers a wide range of shops, including supermarkets, M & S Food Hall, Doctors, Dentists, cafes, and schools, including the popular private school, St Josephs. There are also two 18-hole golf courses as well as sports and social clubs, not to mention the historic Launceston Castle.
Description - Approximately 18.57 acres of valuable grazing land with investment / development potential (STP,) situated on the edge of Launceston, close to the town centre. It has stunning far reaching rural views towards Dartmoor. The land has recently been put forward within Cornwall Council's Strategic Housing Land Availability Assessment.
For auction in two lots:
Lot 1 - 18.07 acres of undulating pasture with 3 accesses off A388 / Tavistock Road, comprised within 7 fields Auction Guide: £275,000 - £325,000.
Lot 2 - 0.50 acres of pasture, with investment/development potential for 1/2 dwellings with houses on 3 sides and accessed from a private driveway off the Tavistock Rd, Auction Guide: £150,000 - £175,000.
Services - Main water, gas, drainage and electricity are not currently connected but all appear to be available close by for connection. Purchasers to satisfy themselves on this. Rights shall be reserved to bring in services over or under lot 1 for the benefit of lot 2. Mobile coverage Outdoors: "Likely for:" EE, Three, O2 and Vodafone (Ofcom - 09/04/2024).
Overage Provision - An Overage provision will be included within the contract, requiring the Purchasers and their successors in title to pay the Vendor 30% of any uplift in value, triggered on the granting of planning permission (or equivalent) for any residential or commercial development within 30 years from completion. For the avoidance of doubt, planning for agricultural or equestrian buildings/use will not trigger the overage.
Wayleaves And Rights Of Way - The land is sold subject to and with the benefit of any wayleave agreements in respect of electricity or telephone equipment and the property is sold subject to and with the benefit of any public or private rights of way. Lot 2 has access over a very small part of Lot 1, (hatched brown and outlined in red. on the plan) Both lots have access over the neighbour's hatched driveway off Tavistock Rd.
Local Authority - Cornwall Council, New County Hall, Treyew Road, Truro, Cornwall, TR1 3AY. T:[use Contact Agent Button], .
Tenure & Completion - The property is sold freehold, yet subject to a Farm Business Tenancy. A Notice to Quit has been served on the Tenant to terminate the tenancy on the 1st May 2025. Completion is due 6 weeks after the auction.
Fencing - Within 6 months of completion:
The purchaser of lot 2 will be responsible for the erection and maintenance of a stockproof dividing fence on its NE boundary, between lots 1 and 2. Lot 2 can also erect a fence along its SE boundary between lots 1 and 2. Further details can be found within the legal pack.
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 Bamboo Fusion and complete the ID checks in advance of the auction date. There is no charge for registration.
Buyers & Administration Fee - The successful purchaser(s) of each lot 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/deposit.
An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser of each lot immediately after the auction. The purchasers shall on Completion, also reimburse the vendor the cost of any searches carried out, (This would usually be paid by a buyer in a private treaty sale.)
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 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.'
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.
Vendor's Solicitors - Mr John Brentnall of Wards Solicitors LLP,1-3 Alexandra Rd, Clevedon, Bristol BS21 7QF. Telephone:[use Contact Agent Button] [use Contact Agent Button]
Definition Of 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 guide figure. Guide prices may change at any time prior to the auction.
Viewing - Strictly by prior appointment with the vendor's appointed agents, Stags Launceston Office on[use Contact Agent Button].
Directions - What3Words Lot 1: ///junior.untrained.chicken Lot 2: ///veal.wreck.award
From the A30 heading east, turn left at the end of the slip-road and follow the A388 into Launceston. Turn right at the Tesco double roundabout and continue on the A388 (Tavistock Rd.). For Lot 2, after a quarter mile, take the 4th driveway on the right which leads to Lot 2 via an overgrown gate, on the left, just before a corner. For lot 1, continue on the A388 and around the sharp right corner and down the hill until you come to a layby on the right. The gate at the end of the layby leads into Lot 1. For Sale boards have been erected near both these entrances.
Property information from this agent
Places of interest
Stags Launceston office is located on the main (Western) road from the A30, heading towards the Castle, and has its own car park. From here the successful sales and lettings teama work alongside the Professional Services department, who give expert advice on all planning, estate management and rural business issues, as well as carrying out professional valuations for probate, matrimonial disputes and inheritance tax to name but a few. Launceston (pronounced Lan-son) was the ancient capital of Cornwall and is located less than two miles from The River Tamar, which forms the border with Devon. The town is a popular tourist destination and has good access, via the A30 trunk road, to the far West of Cornwall, including Truro, and to Exeter in the East, both less than 40 minutes' drive away. Built on the side of a large hill between Dartmoor and Bodmin Moor, Launceston is a well-known market town and is the main shopping centre for the surrounding rural areas of West Devon and East Cornwall. It offers a huge variety of outdoor pursuits and is virtually equidistant from both the North and South Cornish Coast with their extensive sandy beaches and coastal walks. The town's population of 8,000 has access to a wide range of recreational facilities, including a fully equipped leisure centre, two golf courses, and numerous sporting and social clubs including Launceston RFC, one of the top Rugby Clubs in the Country.
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Property reference 33055644. 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 - Launceston.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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