Pasture / Grassland at Witham Friary

Located just on the outskirts of the Somerset village of Witham Friary is this parcel of pasture land that, subject to gaining any of the necessary consents would be suited to a variety of uses including agricultural, equestrian or amenity.

Gated access to this parcel is provided from the access track to the western corner.

The land is predominantly level in aspect with areas of terracing along the northern hedge line. The southern boundary is formed by the River Frome. Water is connected to the land via a single water trough.

Rights of way

There is a single public footpath that crosses the land running from the gate along the northern boundary as shown by the broken green line on the location plan opposite.

Basic Payment Scheme

The land is registered to receive payments under the Basic Payment Scheme and entitlements will be available for the purchaser to buy at the market value at the time of the auction. The vendor will have submitted a claim for the 2022/2023 year.

Local Council

Mendip District Council

Services

Water is connected via a private mains supply from the Duke of Somerset Estate

Tenure

Freehold

VAT

The purchase price is not subject to VAT

Viewing

At any reasonable time on foot with a set of the sale details.

Uplift Clause

The land will be sold subject to uplift clause of 25% to last for a period of 25 years. Consent for agricultural or equestrian buildings will be excluded from the uplift clause.

Completion

Completion has been set for Wednesday 15th June 2022 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 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. 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

FDC Law, Midsomer Norton, Michael Coward acting

Tel: