Riverside Lodge - Cove, Tiverton
Riverside Lodge, Stoodleigh Bridge, Tiverton, EX16 7RP
- 7
Key features
Guide Price: *
£250,000
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
Opening bid:
£250,000Bid history
0 bidsMETHOD OF SALE
The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 2nd July 2025 at 5pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.
SITUATION
The property is situated just outside of the village of Cove, in a rural yet accessible location. Tiverton is located ***** just has a good range of shopping, schooling and recreational facilities including a hospital, golf course and sports centre. There are schools for all ages including the renowned Blundell's Public School. Junction 27 of the M5 is approximately 7 miles distant, alongside which lies Tiverton Parkway Station. The popular Exmoor National Park is not far, with its rugged countryside and coastline.
DESCRIPTION
A detached, Grade II listed three-bedroom cottage in need of significant renovation. The property is situated alongside the River Exe and next to the A396, surrounded by the Exe Valley Countryside.
LAND AND BUILDINGS
The land extends from the overgrown gardens along the river to the meadow field. Separate access to the field is from the A396, where a track leads to the buildings. The buildings consist of two Pole Barns (Approximately 23x13 and 16x7 metres) both with box profile corrugated sheeting, concrete floors and in need of repair. The land is attractive with long frontage to the River Exe. There are no rights to fish on the River Exe and there are covenants preventing bathing/paddling. The fishing rights are owned by a third party and more details can be found in the legal pack.
SERVICES
Not known, purchasers to make their own enquiries. Ofcom predicted broadband services - Standard Available. Note: There are no current connections in place. Ofcom predicted mobile coverage for voice and data: No data available.
Local Authority: Mid Devon District Council.
AGENTS NOTE
Japanese Knotweed has been identified on the land for sale on the lower side of the bridge.
VIEWINGS
Strictly by appointment with the agents please. Due to the condition of the property, internal inspections are prohibited at this time.
DIRECTIONS - WHAT3WORDS ///save.fevered.spreading
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.
BUYERS & ADMINISTRATION FEES
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.
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 no later than 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, this will/may contain material information regarding the property, and to consult legal advice prior to bidding.
SOLICITOR ACTING
Louise Webber of Dunn & Baker, 38 High Street, Cullompton, EX15 1AE - [email protected] 01884 33818 // 01884 831959
COMPLETION DATE
The completion date will be as dictated by the solicitor and included in the legal pack.
DEFINITION OF AUCTION 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 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 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.
IMPORTANT
Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.
BUYERS & ADMINISTRATION FEES
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.
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 no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.
Summary
- Auction end
- 2nd Jul at 16:00
- Property type
- Detached
- Tenure
- Freehold
- Bedrooms
- 3
- Bathrooms
- 2
- Council tax band
- G
Summary
- Auction end
- 2nd Jul at 16:00
- Property type
- Detached
- Tenure
- Freehold
- Bedrooms
- 3
- Bathrooms
- 2
- Council tax band
- G
This property is being sold by:
Stags - Tiverton
01884 235705
19 Bampton Street Tiverton Devon EX16 6AA
†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.