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Lambert's Hill, Shepton Mallet, Somerset, BA4

££20,000 Guide

Farm Land For Sale

Second Edition of Sale Particulars: 10th May 2022
An attractive and conveniently positioned parcel of land offering a huge wealth of opportunities, subject to any necessary planning consents.

The lot provides potential purchasers the rare opportunity to acquire part of a dismantled railway line, extending to approximately 0.75 acres on the outskirts of Shepton Mallet, within close proximity of the development limits of the town.

Access is via a restricted Byway (track) and separate pedestrian access leading from the Council maintained highway known as Lambert’s Hill.

The plot is principally level in aspect and has been cleared back and includes a small area of coppice.

Uplift Clause
Subject to an uplift clause to take effect on non-agricultural development. 25% of the increase in value of the land is payable on the granting of any such planning consent. Term: 25 years. Further details contained within the legal pack.

Footpaths and Rights of Way
Not subject to a public footpath.

Completion has been set for Wednesday 15th June 2022 or earlier by arrangement.

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 £1260 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. 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.

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.

Chubb Bulleid Solicitors, Wells
Telephone: 01749 836 100 - Laura Maden acting.

Local Council: Mendip District Council. Telephone: 0300 303 8588
Drainage Rates: Not applicable
Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Tenure: Freehold with vacant possession.
VAT: The purchase price is not subject to VAT
Viewing: At any reasonable time on foot with a set of the sale details. The postcode for the nearest property is BA4 5TB.

Tenure: Please confirm with Cooper and Tanner whether this property is freehold or leasehold

No floorplans available for this property

No EPC available for this property

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Office Details

41 High Street

01458 831077

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