Lot B - Main Road (A372), Westonzoyland, TA7

Description

Two parcels of Grade I/II arable land extending to approximately 24.33 acres (9.85 hectares) in total.

Bound and divided by a mixture of fencing, ditches and natural hedges and level in topography. There may be potential long term hope value for alternative use subject to obtaining the necessary planning consents. Ideally suited for anyone with an agricultural, investment, conservational and equestrian interest. The soil comprises of a slightly acidic loam and clay type, with the land currently under an arable rotation (Maize), but historically grown root crops i.e. potatoes and fodder beat.

Lot A - Guide Price: £150,000 to £200,000

Single enclosure of land extending to approximately 14.25 acres (5.77 hectares). Right of way access via a track.

Lot B - Guide Price: £100,000 to £140,000

Extending to approximately 10.08 acres (4.08 hectares). Right of way access from Shave Drove.

Order of Sale and Pre-emption (first refusal to purchase)

Lot A will be offered for sale first. Purchaser of Lot A will have the benefit of a pre-emption to purchase Lot B at a pro-rota £/acre price based on the sale price of Lot A, to a minimum of £140,000. The pre-emption purchase price of Lot B will be presented to the successful purchaser. Therefore, if bidding remotely please ensure your phone has signal. If the Purchaser of Lot A does not exercise the pre-emption to purchase Lot B, then Lot B will be offered for sale by auction immediately afterwards.

Designations

The land is not situated within AONB, Nitrate Vulnerable Zone (NVZ) or SSSI.

Environmental Stewardship Schemes

None.

Footpaths , Rights of Way, wayleaves and Easements

None

Uplift / overage clause

None.

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 £1,350 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 applicable on 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.

Local Council: Somerset Council.

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

Drainage Rates: Lot A- £34.98 per annum

Lot B- £9.16 per annum

Viewing: At any reasonable time, on foot only and with a set of the sale details.

Closest Postcode: TA7 0ES

What3words – Lot A Vase.inhaled.chesnuts

Lot B richly.waxer.replenish

Solicitors

Pardoes, Bridgwater

Telephone:

Sarah Gratton acting.

Completion

Completion has been set for 21st November 2024 or earlier by arrangement.

Tenure: Freehold with vacant possession.

VAT: The purchase price is not subject to VAT

Ref: RAW/10890

Website tags: auction-property, october-auction