Description

An attractive rural property comprising of a very useful range of buildings, yard and pastureland. The whole held within a single enclosure and extending to approximately 0.8 acres. Access is taken from Chilton Moor Lane (hardcore track), which leads from the Council maintained highway known as Chilton Road.

With reference to the sale plan opposite, the buildings comprise:

A. Covered Yard (15.98m²) – Concrete block elevations and corrugated iron clad roof. Concrete floor.

B. Lean-to (16.27m²) – Timber frame. Elevations either concrete block/timber clad or open. Concrete floor.

C. Store (15.24m²) – Timber frame with concrete panel elevations. Concrete/hardcore floor.

D. Covered Yard (89.91m²) – Timber frame. Elevations either concrete panel or open. Corrugated iron clad roof. Concrete/hardcore floor.

E. Concrete Yard.

The plot is well-positioned on the outskirts of the town and level in topography. The land is bound and divided by stock-proof fencing, hedgerows and ditches. Ideally suited for anyone with a small holder, equestrian or amenity interest, subject to any necessary planning consents.

Uplift / overage clause

Subject to an uplift clause to take effect on residential development. 20% of the increase in value of the land is payable on the approval of planning consent. Term: 20 years. Further details contained within the legal pack.

Footpaths and Rights of Way

Subject to right of access abutting the eastern boundary in favour of the neighbouring field. Not subject to any public footpaths.

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 and for all pre-auction sales. 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

Chubb Bulleid, Street

Laura Maden acting

Telephone:[use Contact Agent Button]

Local Council: Sedgemoor District Council. Telephone:[use Contact Agent Button].

Drainage Rates: TBC.

Services: None currently connected. Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Tenure: Freehold with vacant possession.

VAT: The purchase price is not subject to VAT.

Completion

Completion has been set for 14th December 2022 or earlier by agreement.

Viewing: At any reasonable time on foot with a set of the sale details. The postcode for the nearest property is TA6 3JA.