The Causeway

Description

An exciting opportunity to acquire well positioned land extending to approximately 13.60 acres, which offers a wealth of opportunities i.e. tourism (Glamping site), agriculture, equestrian, conservation etc, subject to the necessary planning consents. The southern block has the benefit of dual access either direct from the Council maintained highway (The Causeway) via the northern parcel of land or from the adjoining drove leading from Yardwall Road. Benefiting from metered mains water supply and level in topography.

The larger parcel of land is split into two useful sized enclosures. The first enclosure has been planted with winter wheat for the past two years (averaging 35 tonnes of grain and 1,000 small bales) and includes an area of hardstanding yard with timber frame and clad field shelter. This parcel has since been sown with a pasture ley. Permitted development was granted 15th January 2018 for an 18.29m X 12.19m agricultural building in place of the existing structure (further details available on request).

The southern enclosure of land comprises pastureland, a man-made pond and approximately half the area planted with circa 3000+ native British trees. National Grid have a 5 ½ year licence commencing 17th November 2020, to manage the plantation as part of their ‘Off Site Planting and Enhancement Scheme’. The ownership of the trees and use of the same will revert to the landowner at the end of the Licence period (further details available on request).

Agents Note

All items, including the pile of cut wood, tools, trailers etc, currently on site are excluded from the sale.

Basic Payment Scheme (BPS)

Registered for the BPS. Entitlements available under separate negotiation.

Other Schemes

The land is not subject to any environmental or countryside stewardship schemes.

Footpaths and Rights of Way

Not subject to any footpaths or rights of way.

Uplift Clause or Restrictive Covenants.

None.

Completion

Completion has been set for 10th January 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 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.

Local Council: Sedgemoor District Council. Telephone: .

Drainage Rates: £47.60 per annum.

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

Solicitors

Holley and Steer, Burnham-on-Sea

Barbara Cromey acting

Telephone:

Tenure: Freehold. Either vacant possession or subject to Licence in favour of National Grid.

VAT: The purchase price is not subject to VAT.

Viewing: At any reasonable time on foot only with a set of the sale details. The postcode for the nearest property is TA9 4QD. Please use the pedestrian side gate at the main entrance or the adjoining Drove.