Paddock at Withy Lane

Description

Single enclosure of level pastureland extending to approximately 0.16 acres. Direct drove access and mains water supply. Situated within the plot is a semi-constructed building (55.90m²) with concrete base, stone/concrete block/timber clad elevations and no roof. Soil type comprising loam and clay with moderate natural fertility. Classified as Grade 3 on the former MAFF agricultural land classification plans. Bound and divided by stock-proof fencing. Ideally suited to a varied number of uses, subject to any necessary planning consents.

Agents Note

The existing building materials on site i.e. concrete blocks, timber and corrugated iron cladding, will be removed prior to completion.

Uplift Clause

Subject to an uplift clause (commencing February 2020) to take effect on non-agricultural or non-equestrian development. 25% of the increase in value of the land is payable on the granting of any such planning consent. Term: 25 years. Further details contained within the legal pack.

Environmental Stewardship Schemes

The land is not subject to any environmental stewardship schemes.

Basic Payment Scheme

Not registered for the Basic Payment Scheme and no BPS entitlements are available.

Footpaths and Rights of Way

Not subject to any public footpaths or rights of way.

Completion

Completion has been set for 16th April 2022 or earlier by arrangement.

Bidders Registration Fee

Cooper and Tanner requires all bidders who wish to bid at our Auction to Register beforehand. A fixed Bidders Registration Fee of £1,200 inc VAT per lot must be paid on registration. The fee is retained by Cooper and Tanner at the fall of the electronic gavel if a bidder is successful. The fee will be returned to all unsuccessful bidders. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of the registration process before prior approval to bid will be granted, this will include providing proof of funds. Please use the link to register to bid for this lot.

Please note the Bidders Registration Fee does not get deducted from either the deposit or completion monies.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours at the fall of the electronic gavel. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Solicitors

Gould and Swayne, Wells

Lisa Guy acting

Telephone:

Local Council: South Somerset District Council. Telephone: .

Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Tenure: Freehold with vacant possession.

VAT: The purchase price is not subject to VAT.

Viewing: At any reasonable time on foot with a set of the sale details. The postcode for the nearest property is TA11 6DD.