Lot 29 - 44.36 Acres, Yard Wall Road, Mark, TA9

Description

An attractive ring-fenced block of pastureland extending to approximately 44.36 acres (17.95 hectares). Located within a secluded position and surrounded by idyllic countryside. Access taken from Yard Wall Road. The soil comprises slightly acidic loam and clayey/coastal flats type with naturally high ground water. Classified as Grade III on the DEFRA land classification map.

Tenure: Freehold. Subject to an Agricultural Holding Act 1986 tenancy. Tenancy commenced 1st January 1970. Passing rent of £3,690 per annum. The original tenant has died and there is currently an application to The Lands Tribunal for tenancy succession which has been agreed in principle by the Landlord, but no agreement has been entered into with the tenant . Interested parties are advised to seek professional advice and to satisfy their own enquiries with regard to any tenancy matters prior to bidding.

Uplift Clause

None.

Designations

The land is not situated within an AONB, Nitrate Vulnerable Zone (NVZ) or SSSI.

Environmental Stewardship Schemes

None.

Footpaths and Rights of Way

Not subject to any footpaths. We believe the land is subject to a right of way which benefits neighbouring properties. Further details will be contained within the auction legal pack.

Flood Risk

Low risk flood designation.

Local Council: Somerset Council.

Drainage Rates: £154.16 per annum

Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services. Further information contained within the auction legal pack.

VAT: Purchase price not subject to VAT.

Completion: 2nd June 2026 or earlier by arrangement.

Viewing: : At any reasonable time on foot with a set of the sale details. The postcode for the nearest property is: TA9 4QE.

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Solicitors: HK Law, Dorchester

Katherine Jones acting.

Telephone: 01305 252570

Registering to bid and Administration fee

Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1,395 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Fees

Potential buyers should be aware that there may be additional fees payable to the Vendor’s solicitor on completion of the sale, details of which will be contained within the auction pack for each lot. At the launch of the property onto the market this information is not always available and so interested parties must refer to the auction pack and satisfy their enquiries.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

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