Ham Lane, Cheddar, Somerset, BS27

For Sale by Online Auction - 2.14 acres Land at Ham Lane, Cheddar, Somerset

Description

For Sale by the Modern Method of Auction (Online). Bidding is now open. Closing date 25th July 2023 (13:00). An opportunity to own a parcel of land accessed from Ham Lane on the edge of Cheddar. The rectangular block of land totalling 2.14 acres has been used as a paddock but also incorporates a small orchard at the top of the field. There is a field shelter which is currently overgrown so its condition is unknown. The field is bounded by hedges on all sides. The site is located just outside of the settlement boundary of Cheddar. The land could be used for agriculture, equestrian or amenity land (subject to planning).

Situation

Located on the northern edge of Cheddar, being less than a mile from the centre of the Village.

Services

Mains Water

Tenure

Freehold with vacant possession

Designations

Outside the settlement boundary

Special Conditions of Sale

1. The land will be sold subject to a development uplift clause as follows: “The Vendors and their successors in Title will be entitled to 30% of any increase in the market value attributable to the grant of planning permission for any change of use except agricultural or personal equestrian use for 25 years from the completion date of this sale.”

Viewing

Strictly by appointment with the Agent David James Tel: 01934-864300

General

Sedgmoor District Council Bridgwater House King Square Bridgwater TA6 3AR

IMPORTANT: METHOD OF SALE

This property is for sale by the Modern Method of Auction. YOU WILL NEED TO REGISTER WITH IAMSOLD IN ORDER TO BID. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers’ solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey if appropriate). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification (truncated)

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