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Valuation

Tregavethan, Truro
Auction Guide £500,000 | 2 bedrooms | 7.25 acres

Property features

• AUCTION GUIDE £450,000 - £550,000
• Single Storey Residence
• For Re-modelling & Complete Modernisation
• Views
• Double Garage & Store
• Old Range Buildings
• Pasture Fields
• Total c.7.25 Acres (2.94 Hectares)
• End Bidding Time 12 Noon
• Wednesday 13th October 2021

SITUATION
Upton Rise is rurally situated in a sought after area between the village of Shortlanesend and hamlet of Tregavethan, only about 3 miles from the centre of Truro. At Shortlanesend, is a village stores and post office, primary school and public house.

DESCRIPTION
A short private drive leads to parking adjacent to the garage and bungalow. The bungalow, which is double glazed and benefits from a central heating system, is presented in a poor state of repair is considered to be ripe for complete re-modelling and modernisation. There is a Reception Hall, 2 good Bedrooms, a significant sized Living Room, Dining Room, Kitchen with range of units and Rayburn, Bathroom, Side Hall, Utility Room and Larder.

Outside is an attractive enclosed garden and a block double Garage about 24'5 x 19'6 which benefits from an adjoining, separately accessed, Livestock Shed, overall is about 24'3 x 18'7, which offers potential for Stables if desired. To the rear, is a range of old block livestock pens, with beyond a Pole Barn. There are two adjoining pasture fields, bringing the total acreage to about 7.25 acres (2.94 hectares).

EXCLUSIVELY AND OPTIONALLY AVAILABLE
Exclusively available to the purchaser of Upton Rise are two adjoining pasture fields referred to as Lots 2/Land lying to the South East of Roseworthy (blue) and lot 3/Land adjoining Upton Rose (green). Lot 2, (blue), is a single pasture field with road frontage which adjoins to the north and extends to about 8.53 acres (3.45 hectares). If the option to purchase is declined, Lot 2 will have the right to install a sub-meter and take a water supply via the existing water trough (see Auction Legal Information). Lot 3, (green), comprises a level pasture field with mature borders (there is a public footpath which runs adjacent to the northern boundary) of which the field extends to about 3.54 acres (1.43 acres).

The successful bidder immediately after the auction will be telephoned and given the option to purchase Lot 2 at the pre-fixed price of £100,000 and/or Lot 3 at the pre-fixed price of £45,000. The buyer is required to decide whether to exercise or decline the option at that telephone call.

METHOD OF SALE
The property will be offered for sale by Public Online Traditional Auction. The auction end date is 12 noon on Wednesday 13th October 2021. The Vendor reserves the right to withdraw or alter the property prior to the auction end date. The property can be accessed via Stags' website - www.stags.co.uk.

AUCTION LEGAL PACK AND SPECIAL CONDITIONS OF SALE
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. Due to Covid 19 precautions, we are not making the legal pack available for inspection at Stags' offices. It is the Purchaser's responsibility to make all necessary enquiries prior to the auction. Further information about buying online auction and buyer's fees are available from Stags' website.

The Local Authority Search within the auction legal pack has not found or indicates that the property is subject to an Agricultural Occupancy Condition. The property, bar a few items, will be sold as seen.

SOLICITORS
Nalders Solicitors, Farley House, Falmouth Road, Truro, Cornwall, TR1 2HX. FAO: Ms Z Trethewey. Telephone 01872 241414. Email: ZTrethewey@nalders.co.uk

COMPLETION DATE
The completion date will be as dictated by the legal pack.

BUYER'S AND ADMINISTRATIVE FEES
The successful Purchaser will be liable to pay the sum of £5,000. From this a Buyer's fee of £2,400 inclusive of VAT is retained by Stags/Bamboo Auctions as a contribution to the online platform costs, and £2,600 forms part of the 10% deposit. The purchaser will be required to pay the balance of the 10% deposit monies within 24 hours of the auction via their solicitor to the Vendors solicitor. We therefore recommend all bidders clear the Anti-Money Laundering Regulations with their solicitor prior to the auction.

An additional administrative fee, separately invoiced by Stags, of £1,200 inclusive of VAT will be payable by the successful purchaser immediately after the auction.

DEFINITION OF AUCTION GUIDE AND RESERVE PRICE
Guide price(s) is an indication of the Seller's expectations. Reserve price(s) is 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 2007 it is a requirement for Estate Agents to perform due diligence checks to any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sale site and complete the ID checks. There is no charge for registration.

MUNDIC BLOCK TEST
A Mundic Block Test was carried out in 2019 and all samples were clear/classified A1. A copy of the report is included within the auction legal pack.

VIEWING
Strictly and only by prior appointment with Stags' Truro office on 01872 264488. Please note that viewings will be at specified times.

DIRECTIONS
From Truro take the B3284 towards Perranporth. Drive up out of the city and continue to the village of Shortlanesend. On entering the village, just before the roundabout, turn left into School Hill. Drive down the hill and out of the village. Where the road divides, bear to the right and on reaching the junction with the central grass triangle, follow the road around to the right and drive up hill. Lot 1 and Upton Rise will then be seen as the first property on the left-hand side.

SERVICES
Mains water and electricity connected. Private drainage. None of the services have been checked or tested.

ACCESS THE ONLINE AUCTION
Interested parties are invited to visit www.stags.co.uk homepage, click on Auctions and then Online Property and Land Auctions and then register directly with Bamboo Auctions to gain access to the auction legal pack and bidding facilities.
 

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