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image  Lipyeate, Coleford, Somerset, BA3

image ££25,000

image Sold (Freehold)


 Single enclosure of pasture land
 May suit a number of uses, STPPApproximately 1.61 acres
 Direct access off highway

Property Description

A single enclosure of pasture land extending to approximately 1.61 acres (0.65 hectares).

Direct access from the Council maintained highway. The land is principally level in topography and is enclosed by mature hedgerow boundaries.

Ideally suited to a continued agricultural use but may offer potential for amenity or equestrian, subject to any necessary consents.

Soil comprises slowly permeable loam and clay type. Classified as Grade 3 on land classification plans.

Basic Payment Scheme
No entitlements are included with the sale

Other Schemes
The property is not subject to any environmental schemes i.e. CSS, ELS etc.

Uplift Clause
Sold subject to a 25 year uplift clause, to take effect on independent residential development. 25% of the increase in value is payable to the vendors on the granting of planning consent. Further details available from the auctioneer's office.

General Remarks

Potential purchasers may inspect the land, on foot only, at any reasonable time during daylight hours and with a copy of the sale particulars.

Footpaths and Rights of Way
The property is subject to a single footpath, which crosses east to west and follows the northern boundary.

We understand mains water is close by and available to be connected to (subject to the necessary consents). Purchasers are advised to make their own enquiries into the availability and capacity of any services.

Freehold with vacant possession on completion.

Nearby Postcode

Local Authority
Mendip District Council
Telephone: 0300 303 8588

The purchase price will not be subject to VAT.

Completion has been set for the 22nd March 2018 or earlier by agreement.

Buyer's Lot Charge
£450 per lot, inclusive of VAT, to be paid to Cooper and Tanner at the fall of the hammer.

Money Laundering Regulations
Due to changes in the Money Laundering Regulations, as set out by HMRC, all successful buyers at one of our Collective Land and Property Auctions will now have to provide two forms of proof of ID. One of which must be photographic and the other an up-to-date utility bill that is no more than 3 months old, confirming your address. In addition to this, buyers will also have to provide proof of the source of funding for the purchase. For example a bank statement or mortgage offer. Please contact Cooper and Tanner if you have any questions.

Clarke Willmott Solicitors, Taunton
Telephone: 0345 209 1830
Paul Hazeldine acting.
A Legal Pack will be, available prior to the auction from the Vendors solicitors.

* Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price: the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Additional documents

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