METHOD OF SALE Lots 1 and 2 are for sale by Online Traditional Auction (unless sold prior). The auction end time for Lot 1 is 5.00pm and for Lot 2 is 6.30pm on Tuesday 9th April 2024. The Vendor reserves the right to alter either Lot prior to the auction end date. Both Lots can be accessed via Stags' website - www.stags.co.uk.
SITUATION Both Lots are in a picturesque wooded valley on the edge of Mount Hawke.
TOWN AND COUNTRY PLANNING A Certificate of Lawful Existing Use or Development has been granted on the 29th June 2022 which confirms the use of The Old Stables as a lawful dwelling. Further details can be viewed on the online planning register on www.planning@cornwall.gov.uk under reference PA21/09668 or within the auction legal pack.
LOT 1 - THE OLD STABLES AND GROUNDS Lot 1 is approached over a narrow track, with bridleway, which leads to wide double vehicular gates opening to an expansive parking area.
Originally converted from a range of stables, this single storey building provides accommodation of about 1,005 sq ft (gia) with spacious L-shaped open-plan Kitchen/Dining and Living Areas, Utility, 3 Bedrooms, Bathroom, Shower Room and Study. The residence warrants updating/improvement or possibly redevelopment - subject to all necessary consents and approvals.
Adjoining to the west are attractive and extensive grounds with long stream frontage along the northern border. At the western end of the grounds is a useful block Building. Lot 1 extends to about 1 acre.
LOT 2 - THE LAND Situated to the south of Lot 1 and approached over the same narrow track, with bridleway, Lot 2 comprises a pair of pasture fields with field shelter and is on a northerly aspect, The land extends to about 5.67 acres.
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.
TENURE AND POSSESSION Freehold with vacant possession. The completion dates will be Friday 26th April 2024.
SOLICITORS Carlyon and Son with John Rabey and Co., 78 Lemon Street, Truro, TR1 2PZ. Telephone 01872 278641. FAO of Mr P Granville. Email: mail@carlyonandson.co.uk.
BUYERS AND ADMINISTRATIVE FEES The successful Purchasers of each lot 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.
An additional administrative fee of £1,200 inclusive of VAT (Lot 1) and £600 inclusive of VAT (Lot 2) will be payable by the successful Purchasers of each of the lots immediately after the online auction.
DEPOSIT PAYMENT The Seller and Buyer of each lot, 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 payment to be made via the buyer's solicitor to the vendors solicitor. We therefore recommend all bidders clear Anti Money Laundering Regulations with their solicitor prior to the auction.
DEFINITION OF AUCTION GUIDE PRICE AND RESERVE Guide Price(s) is an indication of the Seller's expectations. Reserve Price(s) is a figure below which the auctioneer cannot sell the Lots at auction. We expect the reserve to 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 on any person who intends to bid at auction. There is a requirement for bidders to register via the online sales site and complete the ID checks. There is no charge for registration.
VIEWING Strictly and only by prior appointment with Stags' Truro office on 01872 264488. Viewings will be at specified times.
DIRECTIONS From the centre of Mount Hawke, drive northwards into Fore Street towards Banns. Ignore the turning to the right into Penhall Lane and follow the road down left into Banns Road. Drive down into the valley and shortly before the pair of stone cottages and bridge on the left, the track to Lot 1 will be seen on the left. Drive along the narrow stone lane for about 150 yards and the entrance to Lot 1 will be on the right-hand side. (For viewing, we recommend parking at the entrance to the track and walking in).
SERVICES Lot 1 - Water: it is envisaged that the Purchaser will sink a borehole in the grounds (there is an old well). An advisory letter has been obtained by Aquasource (SW) Ltd (see auction pack). Mains Electricity: A quotation for connection has been obtained from National Grid. Mains drainage connected. LPG heating.
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.
PHOTOGRAPHS Please note the attached photographs were taken in 2021.
