This property is no longer on the market
Land
Property description & features
- Lot 1 Auction Guide £150,000
- 2 Barns for Residential Conversion
- No CIL Liability
- Car Parking & Gardens
- Lot 2 Auction Guide £140,000
- "Class Q" Approval
- No CIL Liability, Parking & Garden Areas
- Freehold
- Tuesday 11th October2022
- End Times 3:30pm(Lot 1) & 4:30pm(Lot 2)
Method Of Sale - Lots 1 & 2 are for sale by Online Traditional Auction (unless sold prior). The auction end date for Lot 1 is 3:30pm and for Lot 2 is 4:30pm on Tuesday 11th October 2022. The Vendor reserves the right to alter either Lot prior to the auction end date. Both Lots can be accessed via Stags' website - .
Situation - On the edge of Porthtowan at the end of Jollys Lane. The north coast, cliffs and beach are a short walking distance to the north.
Description - LOT 1 - Detailed Planning Permission was granted by Cornwall Council on 14th April 2022 (PA21/11470) for the conversion of the single storey and two storey barns to residential dwellings.
Barn 1 is a two storey traditional stone barn under a slate roof and the permission allows for conversion to create a one-bedroom dwelling - although it is considered there may be potential to create a 2nd Bedroom subject to all necessary consents. Building 1 extends to c.1,076 sq ft (gea). Barn 2 is a long single storey traditional barn in a poor state of repair and the consent is for conversion to create a three-bedroom detached residence. In total Building 2 extends to c.1,388 sq ft (gea). Outside are areas for parking and creating gardens.
LOT 2 - Prior Approval was granted by Cornwall Council on 4.4.2022 (PA21/11472) under Class Q, Part 3 of Schedule ll of the Town and Country Planning (General Permitted Development) (England) Order 2015 for the conversion of the building to create a three-bedroom single storey residential dwelling. The Barn extends to c.1,219 sq ft (gea) and outside are car parking areas and a good-sized garden area.
Auction Legal Pack - This includes the searches, draft contract, 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. Stags do not provide hard copies. It is the Purchaser's responsibility to make all necessary enquiries prior to the auction. Further information about buying online auction and buyer's fees are available from Stags' website.
Solicitors - Thurstan Hoskin Solicitors, Chapel Street, Redruth, Cornwall, TR15 2BY. FAO: Mr S Morrison. Telephone[use Contact Agent Button]. [use Contact Agent Button]
Completion Date And Sold As Seen - The completion dates will be as dictated by the legal packs. Lots 1 and 2 will be sold as seen.
Buyer'S And Administrative Fees - The successful Purchasers of each Lot will be liable to pay the sum of £5,000. From this a Buyer's fee of £2,400 inclusive of VAT is retained by Stags/Bamboo Auctions as a condition to the online platform costs, and £2,600 forms part of the 10% deposit. The Purchaser will be required to pay the balance of the 10% deposit monies within 24 hours of the auction via their solicitor to the Vendor's solicitor. We therefore recommend all bidders clear the Anti Money Laundering Regulations with their solicitor prior to the auction.
An additional administrative fee separately invoiced by Stags of £1,200 inclusive of VAT, will be payable by the successful Purchasers of each of the Lots immediately after the auction.
No Community Infrastructure Levy - There will be no Community Infrastructure Levy on either lot.
Definition Of Auction Guide And Reserve Price - Guide Price(s) is an indication of the Seller's expectation. Reserve Price(s) is a figure below which the auctioneer cannot sell the Lots at auction. We expect the reserve to be no higher than 10% above the guide. Guide prices may change at any time prior to the auction.
Proof Of Identity - Under Money Laundering Regulations 2007, it is a requirement for Estate Agents to perform due diligence checks to any person that intends to bid at auction. There is a requirement for all bidders to register via the online sale site and complete the ID checks. There is no charge for registration.
Boundaries - Plan For Identification Purposes Only - Lot 1 - will be required to erect a boundary of posts and two rails between points A, B, C, D and F and G and between points G, H and J, and a hit and miss timber fence 6' high above ground level to within two months of completion.
Lot 2 - will be required to erect a boundary of posts, sheep netting and two rails between points F, K and M within 2 months of completion, and a 6' high above ground level hit and miss timber fence between points M and P by 1st May 2023.
Covenant - Lot 1 - The purchaser of Lot 1 will covenant to install and retain opaque/obscure glazed windows on the first floor of the south west elevation of Barn 1.
Temporary Right Of Way And Storage - Where necessary, Lots 1 and 2 will be granted a temporary right of way over neighbouring retained land to bring building materials to site and store building materials on an adjacent parcel of land up until 1st May 2023. Lots 1 and 2 to be responsible for insuring their own materials and belongings.
Viewing - Only by prior appointment with Stags' Truro office on[use Contact Agent Button]. Please note that viewings will be at specified times.
Directions - From the car park in Porthtowan, turn left and drive away from the beach. At the T junction, turn right, drive up the hill for about 300 yards, bear right into Forthvean Road and after about 50 yards, turn sharp right into Jollys Lane. Follow the lane to the left and continue up the hill until seeing the barns on the left.
Services - Water distribution main in Jollys Lane adjacent to Lot 1. Electricity pole situated on retained land c.80 yards to the west. It is envisaged that the private drainage systems for Lots 1 and 2 will be installed and laid within the grounds/boundaries of each lot.
None of the services have been checked or tested. Interested parties are advised to make their own enquiries and investigations as to the availability of services.
Access The Online Auction - Interested parties are invited to visit homepage, click on "Auctions" and then "Online Property" and "Land Auctions" and then register directly with Bamboo Auctions to gain access to the auction legal pack and bidding facilities.
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