METHOD OF SALE The property will be offered for sale by Online Auction (unless sold prior). The auction end date is Thursday 16th May 2024 at 5pm. 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 www.stags.co.uk - Online Property & Land Auctions.
SITUATION The land is situated about 1 mile North of Whimple and 10 miles East of Exeter. The land lies to the South of the roadside, amongst rural East Devon countryside.
Local settlements include the village of Whimple which has local conveniences. Exeter is also easily accessible which has a wealth of excellent amenities and services.
INTRODUCTION: AUCTION GUIDE £120,000 - £140,000 The land comprises a pasture field of about 9.45 acres. The land is level or gently sloping and is surrounded by mature hedges.
The land would suit a variety of uses including livestock and equestrian grazing.
SERVICES There are no services connected to the land.
ACCESS The land is reached directly from the public highway
TENURE AND POSSESSION Freehold and is available with vacant possession on completion.
LOCAL AUTHORITY East Devon Local Authority / www.eastdevon.gov.uk
SPORTING AND MINERAL RIGHTS The sporting and mineral rights insofar as they are owned are included with the freehold.
WAYLEAVES & RIGHTS OF WAY The property is sold subject to and with the benefit of any wayleave agreement and any public or private rights of way that may affect it.
There are electricity poles which stand on the land
PLANS & BOUNDARY FENCES A plan which is not to scale, is included with these sale particulars for identification purposes only. The vendor shall not be called upon to define the ownership of boundary fences.
COMPLETION DATE The completion date will be 20 working days (not including weekends or Bank Holidays) after the auction or as dictated by the solicitor.
DEFINITION OF AUCTION 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 prices may change at any time prior to the auction.
BUYERS & ADMINISTRATION FEE - Traditional Online The successful purchaser(s) will be liable to pay the sum of £5,000 inc VAT. From this a 'buyers 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 £1,200 including VAT will be payable by the successful purchaser immediately after the auction.
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.
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 the online sales site and complete the ID checks. There is no charge for administration.
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.
VENDORS SOLICITOR Michael Horn
Recognised Sole Practitioner
07930373019
michaelhorn@clara.co.uk
VIEWING Strictly by appointment only. Please contact Stags Farm Agency on 01392 680059.
WARNING Farms and land can be dangerous places. Please take care when viewing the property, particularly in the vicinity of farm buildings and livestock.
DIRECTIONS From the centre of Whimple, head West on Broadclyst Road, taking the right hand turn immediately after Whimple cricket club. Continue along the road for about 0.5 of a mile before turning left, sign posted, Clyst St Lawrence. The land can be found on the left of the road after about 0.5 of a mile, marked by a Stags sale board.
DISCLAIMER These particulars are a guide only and are not to be relied upon for any purpose.
