Feniton, Honiton

£25,000

Guide price

SOLD BY ONLINE AUCTION BY STAGS - Parcel of trees and amenity land with timber former stable on the edge of the village. 2/3 acre (0.27 ha). Sale by online auction. Date 5pm Wednesday 13th October.

SITUATION

The land is tucked away with a right of way up a private drive shared with four houses, in the centre of Feniton Old Village not far from the church and village hall. In the newer part of the village, about half a mile, there is a small supermarket, well regarded CofE primary school and mainline rail station on the London Waterloo line.

To the south is Ottery St. Mary where there is a good range of day to day shops, doctors surgery and renowned The Kings School, whilst Colyton Grammar, one of the top schools in the country is also local, both with bus pick-ups nearby. There are also a plethora of excellent private schools in Exeter and the local area. The A30 gives fast access to the market town of Honiton, to the east and Exeter to the west. The south coast at Sidmouth (about 10 miles) is easily reached by car.

DESCRIPTION

Accessed via a right of way past Feniton House, the former Rectory to the village, this tucked away parcel of land has an array of large specimen trees (some with TPO's) which have, in recent years, been left to natural and has lovely tucked away feel.

There is a timber former stable and a tree house, please do not enter either when viewing.

In all the land extends to 0.67 acres (0.27 ha)

DEVELOPMENT UPLIFT

As the land is on the edge of the village it will be sold with an uplift clause in case the land is developed for residential purposes within 20 years and the vendor will be due a 25% uplift of the increase in value. See legal pack for details.

DIRECTIONS

Upon entering Feniton old village, pass the green triangle and as the road bears left, take the private drive on your right marked Feniton House. Longmeadows Lodge etc. Continue up the drive, past the houses and it continues into the land.

SERVICES

None connected.

VIEWING

With details in hand after calling Stags during normal working hours.

METHOD OF SALE

The property will be offered for sale by Online Traditional Auction. The auction end date will be 5pm on 13th October 2021. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.

BUYERS & ADMINISTRATION FEE - ONLINE AUCTION

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 Auctions as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.

An additional administration fee of £600 (Inc VAT) will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.

PROOF OF IDENTITY

Under the 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.

DEFINITION OF AUCTION AND RESERVE

-Guide price is an indication of the seller's expectation.

-Reserve Price is 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.

LEGAL PACK

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the online auction tab on our website.. 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 and to consult legal advice prior to bidding.

SOLICITOR ACTING

Carinna Parsons of Berensens, 14 Holyrood Street Chard, Somerset TA20 2AH. law@berensons.co.uk 01460 494100

COMPLETION DATE

The completion date will be as dictated by the solicitor and included in the legal pack, likely to be 20 working days following exchange.

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 provision 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.

Arrange viewing 01404 758007

Stags - Honiton Sales

Bank House, 66 High Street, Honiton, Devon, EX14 1PS

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