Barn on Churchill Lane - Loxbeare

METHOD OF SALE AND LOTTING
The property will be offered for sale by Online Traditional auction (unless sold prior.) The auction end date is Tuesday 17th May 2022 at 4pm.
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 - Online Property & Land Auctions.
SITUATION
The barn previously formed part of Churchill Farm and lies 0.5 miles west of Loxbeare in Mid Devon, nearby to the road between Tiverton and Rackenford. The village of Rackenford is 4 miles to the west and the market town of Tiverton lies 4 miles to the east.
DESCRIPTION - AUCTION GUIDE £25,000 TO £50,000
The property comprises a stone and block barn which measures
approximately 7.60 metres x 4.56 metres, with an earth floor and a
timber framed roof covered with corrugated tin sheets. The building has been used for agricultural storage purposes.
Outside, to the east of the barn there is an area of hardstanding, to the
south ownership of the lane immediately adjoining the barn is included
and to the north is a level track area which is also included up to the earth bank.
SERVICES
Mains electricity was previously connected to the barn. There is no water supply to the barn at present. The purchaser will need to arrange for a new mains electricity and water supply to be connected (if required.)
ACCESS
Access to the barn will be via an unrestricted right of way over Churchill
Lane (with or without vehicles and animals.)
TENURE
The property is owned freehold and will be available with vacant
possession upon completion.
PLANNING
There are no planning consents in place for any alternative uses.
Interested parties must make their own enquiries with the local planning authority.
LOCAL AUTHORITY
Mid Devon District Council www.middevon.gov.uk - 01884 255255
BOUNDARY PLAN
A plan which is not to scale, is included with these sale particulars for
identification purposes only.
WAYLEAVES & RIGHTS OF WAY
The property is sold subject to and with the benefit of any wayleave
agreement and any public or private rights of way that may affect it.
SPORTING AND MINERAL RIGHTS
The sporting and mineral rights insofar as they are owned are included
with the freehold.
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 and to consult legal advice prior to bidding.
COMPLETION DATE
The completion date will be as dictated by the solicitor and included in the legal pack.
SOLICITOR ACTING
Risdon Hosegood Solicitors. Bank Square, Dulverton. TA22 9BU.
Terese Kingman Tel: 01398 322100
[email protected]
PROOF OF INDENTITY
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.
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.
BUYERS & ADMINISTRATION FEE – TRADITIONAL 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 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. This will be separately invoiced by Stags.
VIEWING
Viewing is strictly by prior appointment only with Stags Tel: 01884
235705. Email: [email protected]
DIRECTIONS
From Tiverton follow the signs for the B3137, and once you are on
Rackenford Road proceed on towards Calverleigh/Loxbeare (do not turn onto Long Drag towards Witheridge.)
Continue through Calverleigh towards Loxbeare. At the garage, ignore the turning to Loxbeare, proceed up the hill (Stoney Lane Hill) and after a quarter of a mile, take the next turn on the right into an unmarked lane
(Churchill Lane.) Proceed along the lane to the top, bear sharp right and the barn will be found on the left.
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.

BUYERS & ADMINISTRATION FEE – TRADITIONAL 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 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. This will be separately invoiced by Stags.