Barby Lane, Barby, Rugby, Warwickshire, CV23

For Sale Via Online Auction. Fees Apply.

We are delighted to offer for sale this attractive parcel of pasture land extending to approximately 5.23 acres, occupying a highly accessible position on the southern outskirts of Rugby with direct road frontage onto Barby Lane.

This versatile parcel of land offers an excellent opportunity for those seeking agricultural or equestrian use, benefiting from a level layout and being divided into three well-fenced paddocks, enclosed by mature hedgerows and established trees which provide both privacy and shelter.

The land enjoys direct vehicular access from Barby Lane via a secure steel-gated entrance. Positioned adjacent to the entrance is a useful timber-framed agricultural building with breeze block construction, tiled flooring and a clear PVC sheet roof, together with a small extension. Towards the rear of the land is a further timber pole lean-to, providing additional storage or shelter.

Extending to approximately 5.23 acres, the land is classified as Grade 3 agricultural land and consists predominantly of base-rich loam and clay soils. The pasture is relatively level and still displays areas of historic ridge and furrow, adding to its rural character.

A natural watercourse runs through the land, providing a convenient natural water supply and drinking point for livestock, making the holding particularly well suited for grazing.

Ideally situated between the popular suburb of Hillmorton and the sought-after village of Barby, the land enjoys a peaceful rural setting whilst remaining conveniently located approximately three miles from Rugby town centre and around four miles from Junction 18 of the M1 motorway, offering excellent links to the M1, M6, A5 and A14.

The property is offered for sale freehold with vacant possession.

Prospective purchasers should note that the sale will be subject to a 30-year overage clause, reserving 30% of any uplift in value resulting from future non-agricultural or non-equestrian development. The overage will be triggered upon either the implementation of planning permission or any future sale. The property is also subject to a restrictive covenant preventing the erection or placement of any dwelling, caravan, house on wheels, temporary building or encampment intended for residential occupation.

A public footpath crosses the centre of the land, and purchasers should satisfy themselves as to its position. The land is enclosed by fencing, and whilst every effort has been made to ensure the accuracy of the plan and description, these are provided for identification purposes only.

Description

An attractive parcel of pasture land extending to approximately 5.23 acres, occupying a highly accessible position on the southern outskirts of Rugby with direct road frontage onto Barby Lane.

Tenure

Title number NN381198 - Freehold

Location

Ideally situated between the popular suburb of Hillmorton and the sought-after village of Barby, the land enjoys a peaceful rural setting whilst remaining conveniently located approximately three miles from Rugby town centre and around four miles from Junction 18 of the M1 motorway, offering excellent links to the M1, M6, A5 and A14.

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.