Pasture / Grassland on Nidon Lane - Lot A

Two attractive parcels of land, which are level to gently sloping in topography and boast far-reaching views over neighbouring countryside. Ideally suited for anyone with an equestrian, agricultural, conservational or amenity interest, subject to any necessary planning consents required. The land is currently laid to permanent pasture and has soil comprising a lime-rich loam and clay type with high natural fertility. Classified as Grade III on the DEFRA Land Classification Map.

Lot A - Guide Price: £90,000 to £110,000

Single enclosure of land extending to approximately 11.28 acres (4.57 hectares). Mains water supply to cattle drinking trough and direct highway access from Nidon Lane.

Lot B - Guide Price: £70,000 to £90,000

Extending to approximately 8.32 acres (3.36 hectares). Direct access from Council maintained highway. We understand mains water supply is located within Nidon Lane and there may be the availability to make a connection, subject to the necessary consents. Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services

Agent’s Note

Lot B Purchaser will be required to erect and thereafter maintain, within 6 weeks of completion, a stock-proof fence between points labelled ‘X’ and ‘Y’ on sale plan opposite. Further details contained within auction Legal Pack.

Order of Sale and Pre-emption (first refusal to purchase)

Lot A will be offered for sale first. Purchaser of Lot A will have the benefit of a pre-emption to purchase Lot B at a pro-rota £/acre price based on the sale price of Lot A, to a minimum of £90,000. The pre-emption purchase price of Lot B will be presented to the successful purchaser. Therefore, if bidding remotely please ensure your phone has signal. If the Purchaser of Lot A does not exercise the pre-emption to purchase Lot B, then Lot B will be offered for sale by auction immediately afterwards.

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 TA7 9LA. What3words (Lot A): softly.forehand.output.

Basic Payment Scheme (BPS) and Other Schemes

No BPS entitlements are available. The land is not subject to any environmental or countryside stewardship scheme.

Uplift Clause

None.

Footpaths and Rights of Way

Lot B is subject to a single public footpath abutting the southern boundary.

Completion

Completion has been set for 26th April 2023 or earlier by arrangement.

Registering to bid and Administration fee

Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1260 inc VAT per lot can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. 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.

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 of the auction. 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

Chubb Bulleid, Wells

Emily Wilson acting

Telephone:

Local Council: Sedgemoor District Council. Telephone:

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