Lot B - Glastonbury Road, Coxley, BA5

Description

43.18 acres of agricultural land which is currently cropped to pasture but being arable capable, being offered for sale in two lots. Neighbouring open countryside and residential dwellings, being situated within close proximity to the City of Wells. Both lots benefit from direct road access from the council-maintained highway known as the A39 Glastonbury Road and have benefit of a natural water supply. Ideally suited for anyone with an agricultural, equestrian, investment or conservational interest, subject to any necessary planning consents which may be required. The soil comprises of a loam and clay type classified as Grade III on the DEFRA Land classification map.

Lot A - Guide Price: £30,000 to £50,000*

An attractive paddock extending to approximately 2.17 acres. Gently sloping in topography and benefiting from river frontage. The land has direct access from the A39 Glastonbury Road and would be ideally suited for anyone with an agricultural, equestrian or investment interest, subject to any necessary planning consent.

Lot B - Guide Price: £300,000 to £350,000*

An attractive ring-fenced block of 41.01 acres of land set in seven closures. Currently all cropped to permanent pasture. Located within the centre of the land holding is the former Wells to Glastonbury railway line. Much of the land is level in topography with parts gently sloping. Four closures of benefit from river frontage.

Environmental Schemes

Neither Lot is included within any environmental schemes.

Uplift/Overage Clause

Both Lots offered for sale subject to an overage clause of 25% for a 21-year term. Full details will be available with the legal pack.

Footpaths and Rights of Way

The land is subject to footpaths. Full details of any other rights of way (if applicable) are contained within the auction legal pack.

Solicitors

Porter Dodson, Taunton

Telephone:

Ben Hingley acting.

Completion

Completion has been set for the 11th June 2025 or by earlier agreement

Designations

Situated within the Sheppey Nitrate Vulnerable Zone (NVZ). Not situated within an AONB or SSSI

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 £1,395 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 to 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. Telephone:

Services: 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

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

Closest Postcode: BA5 1QN

What3words (Lot A) – cleanest.blues.living

Ref: RAW/10846

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