Description
Five parcels of Grade III pastureland extending to approximately 30.18 acres (12.20 hectares) in total.
Bound and divided by a mixture of fencing, ditches and natural hedges and level in topography. There may be potential long term hope value for alternative use, subject to obtaining the necessary planning consents. Ideally suited for anyone with an agricultural, investment, conservational and equestrian interest. The soil comprises of a clay loam type, with the land currently in permanent pasture production.
Lot A - Guide Price: £100,000 to £140,000
Two closures of land extending to approximately 14.74 acres (5.96 hectares). Direct access from council-maintained highway.
Lot B - Guide Price: £110,000 to £150,000
Three closures of land extending to approximately 15.44 acres (6.24 hectares). Direct access from council-maintained highway.
Designations
The land is situated in a Nitrate Vulnerable Zone (NVZ).
Environmental Stewardship Schemes
The land is subject to a countryside stewardship agreement until 31st December 2028 producing a revenue of £9,157 per year. Full information found within the legal pack.
Footpaths , Rights of Way, wayleaves and Easements
LOT A – Subject to footpath and wayleave
LOT B - None
Uplift / overage clause
Subject to an overage provision of 25% uplift for any development other than agricultural or equestrian for a 21-year term. Full details within the Legal Pack.
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 on 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: Somerset Council.
Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.
Viewing: At any reasonable time, on foot only and with a set of the sale details.
Closest Postcode: TA5 2PL
What3words – Lot A: changing.storybook.rocker
Lot B: enhances.roadways.areas
Solicitors
Clarke Willmott
Telephone: 0345 209 1101
Helen Lock acting.
Completion
Completion has been set for 23rd May 2025 or earlier by arrangement.
Tenure: Freehold with vacant possession.
VAT: The purchase price is not subject to VAT.
Ref: RAW/10890
Website tags: auction-property, april-auction, land-property
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