Metcombe, Ottery St. Mary

£60,000

Guide price

3.2 acre paddock adjoining the village with road access.

METHOD OF SALE

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Thursday 11th July at 5pm

The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be accessed via our website - stags.co.uk.

SITUATION

The land is set on the edge of the village of Tipton St John in the Otter Valley just outside the East Devon Area of Outstanding Natural Beauty with its range of paths and glorious rolling countryside.

Positioned on the western side of the River Otter, close to the primary school and parish church the land has good access onto the lane that heads towards Fluxton. The remaining part of the village is a short walk Tipton St John is a short walk away including community hall, playing fields, shop, garage and renowned Golden Lion pub, providing a home to the active community.

The land is roughly equidistant between Ottery St Mary and Sidmouth, both towns providing shops and recreational facilities. Sidmouth, one of the South West's premier residential resorts, is famous for its wide beach and esplanade as well as catering for everyday requirements, including a Waitrose supermarket. Ottery St Mary is popular for its historic church and the well-respected The King's School.

DESCRIPTION

The land, which gently slopes down towards and adjoining the River Otter is a designated County Wildlife Site and as might be expected with frontage to the River Otter some of the land is in a flood zone.

Accessed via a metal gate onto the road, a foot path leads down a trackway on the northern boundary.

The land adjoins houses to the south west.

In all the land extends to about. 3.20 acres (1.29 ha).

SERVICES

No services connected. Mains water crosses the land.

There is an access point to the steam for natural water.

TENURE

Freehold and is available with vacant possession on completion.

OVERAGE/ DEVELOPMENT CLAUSE

Due to the location of the field just outside the village of Tipton St. John, the land is to be sold subject to a development clause for residential use, over the next 20 years, whereby a 20 % uplift in value would become payable to the previous owner. Further details within the legal pack.

PROOF OF IDENTITY

Under Money Laundering Regulations 2017 it is a requirement for Estate Agents to perform 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.

BUYERS AND ADMINISTRATION FEE

The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer s fee of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.

An additional administration fee of £600 inc VAT will be payable by the successful purchaser immediately after the auction.

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly.

The remainder of the 10% deposit payment is handled by the buyer s solicitors and must be in their client account 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.'

LEGAL PACK

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. Prospective purchasers will need to register with the Bamboo online platform in order to download the legal pack. It is the purchaser s responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation, this will/may contain material information regarding the property, and to consult legal advice prior to bidding.

SOLICITOR ACTING

Mr Simon Finn

Paul Finn Solicitors

Bude

01288 356446

simon@finnlaw.co.uk

COMPLETION

The completion date will be as dictated by the solicitor and included in the legal pack.

VIEWING

By appointment only. Land and farms can be dangerous places.

DIRECTIONS

From the centre of the village, head west over the river, past the school and church heading towards Fluxton and Ottery St Mary and the entrance to the land will be on your right after about 150 yards marked by the footpath sign.

What3words of entrance: ///indeed.snooping.bleat

DEFINITION OF AUCTION GUIDE 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.

SPECIAL CONDITIONS

Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.