METHOD OF SALE The property will be offered for sale by Online Traditional Auction (unless sold prior). The auction end date is 5.30pm Tuesday 7th November 2023 . 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 - Online Property & Land Auctions.
SITUATION The land is set on the edge of Restronguet Creek in an Area of Outstanding Natural Beauty (AONB) and is just 1.5 miles from the village of Mylor Bridge, which is surrounded by picturesque countryside and offers a variety of local shops, a doctors' surgery, primary school and The Lemon Arms Inn. The renowned Pandora Inn at Restronguet is less than 2 miles away.
Mylor Harbour is 3.5 miles southeast and is home to one of Cornwall's finest marinas and Mylor Yacht Club. There is a 400 boat capacity, well-equipped boatyard, watersports hire, chandlers, boat sales, public slipway and popular restaurants. The Fal Estuary is renowned as a sailing centre with many miles of scenic water including the creeks of Truro, Fal and Percuil Rivers.
The harbour town of Falmouth is approximately 6 miles distant with a range of shops, restaurants, bars and galleries and is home to a beautiful natural harbour, the popular Gyllyngvase beach, as well as Pendennis Castle. The cathedral city of Truro is also readily accessible and now forms the commercial heart of the county with a mainline railway station connecting directly with London Paddington.
DESCRIPTION The whole title being sold measures approximately 10.23 acres and comprises around 2.3 acres of pasture land and just under 8 acres of the estuary being situated in the highly desirable area of Restronguet Creek. The pasture is gently sloping. It is likely to appeal to buyers looking to take advantage of the recently increased "60 Day Permitted Camping Rules". There is an area of beach which could be used as a base for one to go exploring the numerous surrounding creeks and inlets, be it by boat, kayak or paddleboard. There maybe be mooring opportunities subject to obtaining any necessary consents.
SERVICES There is an overhead electricity line within 10m of the SE corner of the land. There is a right to install a mains water connected standpipe within 20m of the road. A borehole water supply may be a practical alternative.
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. There are no public rights of way over the field shown on the Ordnance Survey Plan, although there is a public footpath which runs along the adjacent access track.
LOCAL AUTHORITY Cornwall Council, New County Hall, Treyew Road, Truro, Cornwall, TR1 3AY. T: 0300 1234100, www.cornwall.gov.uk.
TENURE & COMPLETION The property is sold freehold with vacant possession on completion 6 weeks after the auction, or earlier by agreement.
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.
BUYERS & ADMINISTRATION 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 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 including VAT will be payable by the successful purchaser immediately after the auction. The purchasers shall also reimburse the vendor the cost of any searches carried out.
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 no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.
AUCTION LEGAL PACK This includes the searches, draft contract, deeds/epitome of title, special conditions of sale etc, and is available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser's responsibility to make all necessary enquiries prior to the auction. Due to Covid precautions we are not making it available for inspection at Stags offices Prospective purchasers are strongly advised to inspect the legal documentation and to consult legal advice prior to bidding.
VENDOR'S SOLICITORS Ms Amy Cowdell of Shakespeare Martineau LLP Waterfront House, Waterfront Plaza, Station Street, Nottingham, NG2 3DQ. Tel: 0121 6315343 Email: amy.cowdell@shma.co.uk
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.
-Guide price(s) may change at any time prior to the Auction.
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 provisions 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.
VIEWING Strictly by prior appointment with the vendor's appointed agents, Stags Truro Office on 01872 264488.
DIRECTIONS What3Words: ///rattled.light.outnumber
Upon entering Perranarworthal from the Truro direction, proceed past the Norway Inn (on your right) and take the next left signposted Carclew. Proceed along this road for just over a mile, before arriving at a junction. Turn left signposted Mylor Bridge. Proceed along this road for approximately 3/4 of a mile and shortly after passing a property called Little Carsawsen, turn left onto an unmade track Signed Halwyn Lane - Public Footpath only and (just before Tregunwith Farm drive). Follow this track for approximately 3/4 of a mile passing the property Halwyn and keeping right. Follow the track around to the right and across the top of a field on your left and the land lies adjacent to this. The entrance to the land and parking area can be found at the far end of it, where a Stags for sale board has been erected.
