Land Opposite Cornerways, Coxpark - Cornwall
Land Opposite Cornerways , Cornwall , PL18 9BB
- 13
Key features
Guide Price: *
£90,000
Fees apply
Buyer's fee:£2,400
Admin fee:£1,200
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Highest bid:
£89,000Bid history
10 bidsK
16/03/2023 15:56:41 - £89,000
A
16/03/2023 15:55:50 - £88,000
K
16/03/2023 15:54:19 - £87,000
See all 10 bids ▾
METHOD OF SALE
The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Thursday 16th March 2023 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 land is located in a delightful position, on the edge of the village of Coxpark, enjoying stunning outlooks over the surrounding countryside. The land benefits from easy access to excellent riding out including Greenscoombe Wood, Blanchdown Wood, Kit Hill and the Tamar Valley Trails.
DESCRIPTION - AUCTION GUIDE £80,000 - £90,000
The land totals 3.45 acres (1.39 hectares) and benefits from a custom-built block and timber stable unit on a concrete base, comprising 3 stables and a tack room/feed store.
The land slopes very gently and would be suitable for the construction of a sand school (subject to any necessary planning consent.)
SERVICES
Metered mains water is connected. An electricity pole with an overhead electricity line is located next to the gateway which may be suitable for connection. Purchasers must satisfy themselves on this point.
VIEWINGS
Strictly by prior appointment with the vendor's appointed agents, Stags.
DIRECTIONS
From Callington take the A390 towards Gunnislake. Turn left on to the B3257 and take the first right, singed posted Chilsworthy and Latchley. Continue along this road until passing the sign for Coxpark, after a short distance take the left hand turning towards Latchley, after 0.5 miles you will see the land on your left, clearly identified by a Stags For Sale board.
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.
BUYERS & 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 Auctions 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.
LEGAL PACK
This includes the searches, draft contract, deeds/epitome of title, special conditions of sale etc, and is available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser's responsibility to make all necessary enquiries prior to the auction. Please note the auction pack will not be available for inspection at Stags offices. Prospective purchasers are strongly advised to inspect the legal documentation and to consult legal advice prior to bidding.
OVERAGE PROVISION
The land will be subject to an overage provision for 25 years from the date of completion which requires the Purchaser and their successors in title to pay 25% of the uplift in value, triggered by the granting of planning permission for residential/commercial business use. For the avoidance of doubt, planning permission for equestrian, agricultural and horticultural purposes will not trigger the overage. Further information is contained within the legal pack.
VENDORS SOLICITOR
Mr. Ben Mitchell of Parnalls Solicitors
15 -19 Westgate Street, Launceston. PL15 7AB
01566 772375 - [email protected]
COMPLETION DATE
Completion date on or before 31st March 2023
DEFINITION OF AUCTION & 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.
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.
BUYERS & 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 Auctions 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.
Summary
- Auction end
- 16th Mar at 16:01
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
Summary
- Auction end
- 16th Mar at 16:01
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- N/A
This property is being sold by:
Stags - Launceston
01566 774999
Kensey House18 Western Road Launceston Cornwall PL15 7AS
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Stags Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Stags Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.