Land for sale
Property description & features
- Tenure: Freehold
- Online Auction
- Auction Guide £300,000
- Superb development opportunity
- Four houses part complete
- 3x Three bed houses
- 1x Two bed houses
- Eight parking spaces
- Central town Location
- Council Tax Exempt
- Freehold
Method Of Sale - The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 6th November 2024 at 5.30pm. 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 property is situated in a convenient location within walking distance of Tiverton town centre. The old market town offers a wide range of amenities including a leisure centre, hospital, banks, building societies, post office, shops and supermarkets catering for a variety of needs. There are schools for all ages in Tiverton, including Blundell's School which offers discounts to local pupils.
There is easy access from Tiverton to the M5 at Junction 27, alongside which lies Tiverton Parkway Railway Station.
The university and cathedral city of Exeter has an extensive range of shopping, private and state schooling and recreational facilities as well as railway stations on the London Paddington and Waterloo lines and an International Airport. The London Paddington line is also accessible at Tiverton Parkway.
Description - Instructions have been received from the receivers to offer for sale the part developed building site.
The site consists of two pairs of semi-detached houses, made up of 3 x three bed and 1 x two bed houses. They have been developed to roof height. The roofs are incomplete. Please refer to planning reference 16/01199/FULL on the Mid Devon District Council planning portal to have sight of the planning permission and approved plans. The site is accessed directly from Park Road onto its access driveway. The adjoining property has use of the drive. There is parking planned on site for up to 8 cars.
The auction end date is Wednesday 6th November 2024 at 5.30pm.
Services - Mains connections are available nearby.
Agents Note - Please note, the above is to the best of the Receivers knowledge as of their appointment. The Properties are sold as seen.
Viewings - Strictly by appointment through the agents please.
Directions - On Bampton street with Stags Tiverton office on your right proceed along the one way system turning left at the T junction and then immediately turn right to remain on Bampton Street. Continue and at the end of Bampton Street proceed into Park Street and when you get to the end of the terraced houses on the left, the access to the site will found just before Parkman plumbers.
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 £1,200 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 no later than 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 Chris Biggs,
Lightfoots LLP, 1-3 High Street, Thame, Oxon, OX9 2BX.
[use Contact Agent Button]. [use Contact Agent Button]
Completion Date - The completion date will be as dictated by the solicitor and included in the legal pack.
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.
Special Conditions Of Sale - 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.
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