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Lot A
Lot A - Combwich Road, Combwich, Cannington, TA5
£100,000
Lot A - Combwich Road, Combwich, Cannington, TA5
£100,000
Our Summary
- Uplift / overage clauseSubject to an overage provision of 25% uplift for any development other than agricultural or equestrian for a 21-year term
- Registering to bid and Administration feeCooper 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
- 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
- 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
- For Sale by Auction
Description
This property description is for five parcels of Grade III pastureland totaling approximately 30.18 acres. The land is level, bound by fencing, ditches, and natural hedges, and has potential for alternative use subject to planning consents. The soil is a clay loam type and the land is currently in permanent pasture production. Two of the parcels, Lot A and Lot B, have direct access from a council-maintained highway and are being sold with a guide price of £100,000 to £140,000 and £110,000 to £150,000 respectively. The land is subject to a countryside stewardship agreement until 2028, producing a revenue of £9,157 per year. The sale is also subject to an overage provision of 25% uplift for any development other than agricultural or equestrian use for a 21-year term. Bidders will need to register beforehand and pay a Buyer's Administration Fee of £1,395 inc VAT if they are successful.