Land for sale

DESCRIPTION Five parcels of land forming part of Sleight Farm, Timsbury, four of which lie adjoining each other just to the south of Timsbury between Radford Hill and Mill Lane, they total about 32 acres. The fifth lot of about 16 acres is set adjoining the south boundary of Farmborough on Tilley Lane. These lots are offered for sale by the administators of the Estate of Mary Holbrook. Sleight Farm is also for sale, as a whole including the house and farm building with about 173 acres, by Private Treaty at a Guide Price of £2,950,000. 

LOT A Lot A. Bidding to start at 9am and close at 2pm
Approximately 5.38 acres as coloured red.
Guide Price £45,000 to £55,000.
This land was last used for arable cropping, it slopes relatively gently with a southerly aspect and has direct road access in the northern boundary from Radford Hill. This lot will be sold subject to an overage, see 'Overage' below.
 

LOT B Lot B. Bidding to start at 9am and close at 2.30pm
Approximately 4.52 acres as coloured dark blue.
Guide Price £35,000 to £40,000.
This land was last used for arable cropping, it slopes relatively gently with a southerly aspect and has direct road access from Mill Lane at the southwest corner. The area shown on the plan as cross-hatched brown amounting to 0.43 acres is let on a 999 year lease and therefore is not available for use by the purchaser until the lease either expires or is terminated. This lot will be sold subject to an overage, see 'Overage' below.
 

LOT C Lot C. Bidding to start at 9am and close at 3pm
Approximately 16.88 acres as coloured green.
Guide Price £70,000 to £90,000
A unusual block of land which slopes steeply from both the eastern and western boundaries to form a valley with a stream running in the bottom. The land is a mix of pasture, scrub and mature trees. Situated on the southern boundary is the site of a disused sewage treatment works. This lot is designated as Open Access land. Access is from Radford Hill. A footpath runs along part of the southern boundary from Radford Hill.
 

LOT D Lot D. Bidding to start at 9am and close at 3.30pm
Approximately 6.10 acres as coloured purple.
Guide Price £60,000 to £75,000
A single enclosure of relatively level and gently sloping mature pasture land. Access is from Radford Hill.
 

LOT E Lot E. Bidding to start at 9am and close at 4pm
Approximately 16.01 acres as coloured yellow.
Guide Price £140,000 to £160,000.
A single parcel of level mature pasture land enclosed by mature hedges. Access is from Tilley Lane. Two footpaths cross this lot from the village and combine at a single point on Tilley lane. Mains water is connected.This lot will be sold subject to an overage, see 'Overage' below
 

SERVICES Water. No mains water is to Lots A, B, C, and D. Mains water is connected to Lot E. Potential purchasers must rely on their own enquiries regarding the location of any services and making a connection into them.

 

OVERAGE Term - 25 years from date of sale;
Trigger event - the grant of each and every planning permission for residential and commercial uses (excluding horticultural, agricultural and equestrian uses); and
Overage payment - 25% of the increase in value as a result of the trigger event, payable on the earlier of the implementation of the planning permission or the sale of the property (or that part of the property) with the benefit of the planning permission.
 

COMPLETION & DEPOSIT Completion. Completion for each lot has been set as the 28th October 2021.
Deposit. On conclusion of the auction, successful bidders will be required to pay to the solicitor acting for the vendor a deposit of 10% of the purchase price within 24 hours at the fall of the electronic gavel
Bidder's Registration
Cooper and Tanner requires all bidders who wish to bid at our Auction to Register beforehand. A fixed Bidders Registration Fee of £1200 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. Please note that this does not form part of the deposit.
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.
 

RURAL PAYMENNTS The land is registered on the Rural Land Register with the Rural Payment Agency. However, there are no Basic Payment Scheme Entitlements. The Estate has received payments under the Entry and Higher Level Stewardship schemes across the wider holding, however both schemes are closed or expired.
 

RIGHTS OF WAY Rights of Way. The land is being sold subject to and with the benefit of Rights of Way, Easements and Wayleaves whether referred to in these sale details or not. There are footpaths that cross Lots C, and E as described above and as shown by the broken green lines on the location plan below.
 

NITRATE VUNERABLE ZONE Lot E falls within a Nitrate Vulnerable Zone.


Marketed by: Cooper & Tanner, Frome