Description
An exciting freehold opportunity, situated within one of the most picturesque settings in Somerset and lying within the Mendip Hills Area of Outstanding Natural Beauty. The property consists of an attractive ring-fenced block of level to undulating pastureland extending to approximately 17.26 acres, including two very useful agricultural buildings set within a concrete and hardcore yard. Buildings comprise –
1. Covered Yard with lean-to (230m²) – Steel portal frame with open/concrete panel/corrugated clad elevations under an asbestos roof.
2. Cubicle House (158m²) – steel portal frame with box profile/corrugated/timber clad elevations.
Offering a wealth of opportunity, subject to necessary planning consent, and benefiting from mains water supply and direct access from the Council maintained highway (Butcombe Lane). Soil comprises of slightly acidic loam and clay type with high natural fertility. Classified as Grade 3 on the Defra Land Classification maps.
Designations
The land is situated within an AONB and Nitrate Vulnerable Zone (NVZ)
Environmental Stewardship Schemes
Subject to a Countryside Stewardship (Middle Tier) Agreement. Agreement expires 31st December 2026 and is available on request. Options – BE3 (management of hedgerows) and GS2 (permanent grassland with very low inputs). Purchaser will be required to occupy the land in accordance with the agreement. Further details contained within the auction Legal Pack.
Footpaths and Rights of Way
No footpaths. The access track is subject to rights of way (highlighted blue on sale plan) in favour of neighbouring properties. Further details contained within the legal Pack.
Uplift / overage clause
Subject to an uplift clause to take effect on residential development. 25% of the increase in value is payable on the approval of the planning consent. Term: 25 years. Further details contained within the legal pack.
Restrictive Covenant
Sold subject to a restrictive covenant preventing use as an intensive poultry or pig unit and use as a commercial dog kennels. Further details contained within the legal pack.
Agents Note
The successful Purchaser will be required to erect and thereafter maintain, within 20 weeks of completion, a stock-proof fence between points labelled ‘A’ and ‘B’ on sale plan. Further details contained within auction Legal Pack.
Solicitors
Bennetts Solicitors, Wrington,
Telephone: 01934 862 786
Hannah Wallington acting.
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 £1,350 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.
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.
Local Council: North Somerset Council. Telephone: 01934 888 888.
Drainage Rates: None.
Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.
Tenure: Freehold with vacant possession on completion.
VAT: The purchase price is not subject to VAT.
Completion
Completion has been set for 12th September 2024 or earlier by arrangement.
Viewing: At any reasonable time on foot with a set of the sale details. Please be aware there maybe livestock on the land during your inspection. The postcode for the nearest property is BA4 6UE.
What3words – delays.potions.benched
Simply fill out the form below or alternatively call us on 020 7839 0888
