Land at Nadderwater

A highly desirable parcel of land with workshop/store, summerhouse, stables and caravan situated in the rural outskirts of Exeter

Method Of Sale - The land is offered for sale by traditional on-line auction (unless sold prior). The auction end date is Tuesday 19th July 2022 at 5pm. The vendor reserves the right to withdraw or alter the land for sale prior to the auction end date. The land can be accessed via our website – on-line property and land auctions.

Situation - The land at Nadderwater lies about 1 mile West of Exeter and about 2 miles East of Whitestone. The A30 at Alphington is situated about 3 miles South.

The land is tucked away in a peaceful, rural valley only moments from the outskirts of Exeter.

The surrounding area is popular with commuters to Exeter and those wishing to own land on the doorstep of Devon's regional centre.

Introduction: Auction Guide £70,000 - £90,000 - The land extends to 1.57 acres and comprises level grass areas, a gently undulating paddock and laid hardstanding which forms a large parking area.

On the land are erected a number of useful structures namely; a concrete block workshop (about 6m x 4m), a timber summerhouse (about 2.5m x 3.5m), a set of timber stables (3.5m x 7m) and a single axle caravan.

Boundaries to the land are formed by a stream to the North and road frontage to the South. The land is secured by a timber gated entrance from public highway to the East.

Access - Direct access from the public highway to the South.

Services - Mains Electricity connected
Stream Water supply

Tenure And Possession - The land is held freehold and is available with vacant possession on completion

Local Authority - Teignbridge District Council –

Sporting & 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.

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.

Planning - The Workshop - Constructed under a light engineering licence pre-1990s (expired)
The Summerhouse - Replaced an existing structure in 2015, the original dating to early 1990s
The Stables - Constructed in early 1990s
The Caravan - A caravan has been in the same location since early 1990s

There is no recorded planning permission for the land

Completion Date - The completion date will be 20 working days after the auction, or as dictated by solicitors.

Definition Of Auction 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 or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.

Buyer Reservation Fee – Traditional Online Auction - 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. This will be separately invoiced by Stags.

Proof Of Identity - Under Money Laundering Regulations 2017 it is a requirement for all Estate Agents to perform due to 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 registration.

Auction Legal Pack - This includes the searches draft contracts, deeds/epitome of title, special conditions of sale etc. and is available to download free of charge to those who have registered, from our auction partners website. Due to Covid 19 precautions, we are not making the legal pack available for inspection at Stags offices. It is the purchaser’s responsibility to make all necessary enquiries proper to the auction. Further information about the buyer’s fees are available on Stags website.

Solicitor Acting - Veitch Penny LLP
Broadwalk House, Southernhay West
Exeter
Devon EX1 1TS
Attn. Mr Alastair Dunnett
Tel. E.

Directions - From Exeter St David’s Station, turn left down Station Road, crossing the River Exe. Turn left at the T-junction onto Exwick Road and continue for about 1 mile. Turn right at the cross-road onto Redhills and continue for 0.7 of a mile towards Nadderwater. Take the first exit on the mini roundabout on Redhills. Continue straight on at the fork and take the next right turn, signposted Whitestone Church. The land is on the right after about 500 meters, marked by a Stags sale board.

Viewing - Please contact Stags Farm Agency on

Warning - Farms and land can be dangerous places. Please take care when viewing the property, particularly in the vicinity of buildings.

Disclaimer - These particulars are a guide only and are not to be relied upon for any purpose.



Marketed by: Stags Farm Agency, Exeter