Land Surrounded by Houses nr Derriford - Plymouth

METHOD OF SALE 

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The online auction is scheduled to end on Wednesday 1st November 2023 at 4.30pm.

The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. 

SITUATION 

The land is sandwiched between a row of houses and a site with outline planning permission "For the construction of 3 dwellings" (granted un ref. No. 18/01444/OUT.)

It is ideally located within the popular residential area of Crownhill, allowing easy access to Derriford hospital, and the A38 for Exeter and Cornwall. Local amenities are within walking distance, whilst there are regular bus services into the city centre. The Dartmoor National Park is just a short drive away and offers great opportunities for those who enjoy walking and other outdoor pursuits. 

DESCRIPTION

The land comprises 0.31 acres of mainly pasture and some naturally regenerated woodland in the middle of Plymouth. It is approximately 35m wide at the roadside and approximately 48m deep. Most of the land is relatively level, but becomes more sloping near the western boundary, with a stream forming part of the western boundary. The land has a generous length of road frontage and may have potential for alternative uses that may or may not require planning permission. Buyers are recommended to seek their own profession advice on this. 

Purchasers may be interested to know that he Vendor has indicated, that within 18 months, they intend to sell the adjoining 10m strip with a further parcel, over 200m long, comprising about 0.75 acres of sloping pasture and woodland that runs between the stream to the west and the Christmas tree nursery to the east down to the stream to the north.

SERVICES 

No services currently connected. 

Mains water, drainage and electricity all appear to be available close by for connection. Purchasers to satisfy themselves on this. 

The vendor grants the Purchaser the right to use and to connect into any Service Media on their Retained Land that belong to the Vendor. 

OVERAGE CLAUSE 

A previous owner has the benefit of an Overage provision running until 2050, that requires the Owner (at the time) to pay 35% of the uplift in value attributable to residential or commercial development (not including agricultural or equestrian development,) but only triggered on the sale of the property after such planning permission has been granted. Full details within the Legal Pack.

AGENTS NOTE

PLEASE NOTE THAT THE BOUNDARIES ARE MARKED BY WHITE TAPE TO THE EAST AND NORTH, AND THE STREAM TO THE WEST. THE CURRENT DEER FENCING IS NOT THE BOUNDARY.

FENCING 

The Vendors are retaining a 10m wide strip down the eastern boundary of the roadside area (as shown on the plan.) The Purchaser will be responsible for erecting a new 6' high feather board dividing fence within 3 months of Completion. 

WAYLEAVES AND RIGHTS OF WAY 

The land is sold subject to and with the benefit of any wayleave agreements in respect of electricity or telephone equipment and subject to and with the benefit of any public or private rights of way. There is an overhead high voltage supply that crosses the land to the north - just over 125m away.) There are no public or private rights of way that affect the property.

LOCAL AUTHORITY 

Plymouth City Council, Plymouth, PL1 3BJ T: 01752 668000 

E: [email protected] W: https://www.plymouth.gov.uk 

TENURE & COMPLETION 

The completion date will be as dictated by the solicitor and included in the legal pack.

VIEWING 

Strictly by prior appointment with the vendor's appointed agents, Stags Plymouth Office on 01752 223933. 

DIRECTIONS 

What3Words: ///gained.tower.hiking 

Directions from Manadon Roundabout – Take the exit marked Tavistock & Derriford Hospital, merge onto Manadon Hill following A386, take left exit B3373 to Tamerton Foliot, at roundabout take first exit onto B3873 Budshead Road, keep Left on Crownhill Rd/B3413, continue to follow B3413, turn right onto Fort Austin Ave, the land will be on the left just after Royal Briotish Legion Building and 0.3 miles before the Garden Centre. No For Sale Board has been erected.

PROOF OF IDENTITY 

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.

BUYERS & ADMINISTRATION FEE 

The successful purchaser(s) of each lot 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/deposit.

An additional administration fee of £600 inc. VAT will be payable by the successful purchaser of each lot immediately after the auction. 

The purchasers shall also reimburse the vendor the cost of the searches carried out, on Completion. (This would usually be paid by a buyer in a private treaty sale.)

DEPOSIT PAYMENT 

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly.

The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.' 

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.

VENDOR'S SOLICITORS 

GA Solicitors - FAO Jacob Cunningham 

25 Lockyer Street Plymouth PL1 2QW 

T: 01752 203500 E: [email protected]

DEFINITION OF GUIDE 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 guide figure. -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 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.

DEPOSIT PAYMENT 

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly.

The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.' 

BUYERS & ADMINISTRATION FEE

The successful purchaser(s) of each lot 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/deposit.

An additional administration fee of £600 inc. VAT will be payable by the successful purchaser of each lot immediately after the auction. 

The purchasers shall also reimburse the vendor the cost of the searches carried out, on Completion. (This would usually be paid by a buyer in a private treaty sale.)