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Valuation

Shute Road, Kilmington, Axminster
Offers in excess of £25,000 | 2.1 acres

Property features

• SOLD BY ONLINE AUCTION
• 11th November at 5pm
• 2.1 acres (0.85 ha)
• Access from Shute Road
• Caravan horse box and former poly tunnel

SITUATION
Located off Shute Road on the western outskirts of Kilmington, the woodland backs on to open farmland to the south and residential properties to the north. The village has a lovely community with an array of facilities, clubs and events including two pubs, and two churches, renowned primary school, cricket pitch, tennis court, garage with shop and popular Millers Farm shop.

The village has a bus service to the nearby market town of Axminster with a mainline station to London. The Jurassic coast is a short distance to the South with Lyme Regis, Beer and Sidmouth an easy drive away.

A range of educational facilities are in the area including the renowned Colyton Grammar school around 4 miles away.

DESCRIPTION
Extending to about 2.1 acres this parcel of woodland has a mix of deciduous and coniferous trees on this gently sloping south facing position.

The access is off Shute Road and there are a number of dilapidated caravans/horse box and remains of a poly tunnel on site included in the sale.

METHOD OF SALE
The property will be offered for sale by Online Traditional Auction. The auction end date will be Thursday 11th November at 5pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.

BUYERS & ADMINISTRATIVE FEE - ONLINE AUCTION
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 Auctions as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.

An additional "administration" fee of £600 (Inc VAT) will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.

PROOF OF IDENTITY
Under the 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 registration.

DEFINITION OF AUCTION AND RESERVE
-Guide price is an indication of the seller's expectation.
-Reserve Price is 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 figure guide.
-Guide prices may change at any time prior to the auction.

LEGAL PACK
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the online auction tab on our website. 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 and to consult legal advice prior to bidding.

SOLICITOR ACTING
Sanjeev Harash, WBW incorporating Beviss and Beckingsale, Law Chambers, Silver Street, Axminster, Devon EX13 5AH

COMPLETION DATE
The completion date will be as dictated by the solicitor and included in the legal pack, likely to be 20 working days following exchange.

SPECIAL CONDITIONS OF SALE
Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provision of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.

UPLIFT CLAUSE
Due to the location of the woodland the land is to be sold subject to a development clause for residential use for 25 years, whereby a 25 % uplift in value would become payable to the owner. Further details within the legal pack.
 

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