Property details
For Sale By Public Auction.Approximately 1.464 Acres of Pastureland accessed directly from Mill Lane, Syston. The land does not have the benefit of any main services connections. The land is crossed by public footpath I56. The land is suitable for a variety of uses especially agricultural and equestrian grazing.
The land is currently occupied by a tenant on a short term tenancy agreement. Vacant possession will be available upon completion. The land is surrounded by a mixture of mature trees, hedgerows and fencing and is not guaranteed to be stock proof. The town of Syston is located approximately 1 mile to the east where a comprehensive range of public services are located.
Development Uplift Clause
The property will be sold subject to a development uplift clause whereby 30% of any increase in value arising from development or the grant of planning permission (excluding uses for agriculture and equestrian purposes) will be payable to the vendor for a period of 30 years from the date of completion.
Land Classification and Soil Type
The land is classified as grade 4 agricultural land according to the Natural England Regional Agricultural Land Classification Maps.
Soilscapes defines the soil as (Soilscape 20): Loamy and clayey floodplain soils with naturally high groundwater.
We await our sellers approval for these sales particulars.
Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 30th July at 6.00 pm
Hinckley Golf Club
Agents Note
The auctioneer understands that our seller clients have a 'Connected Persons' obligation for this sale and notes "In order to establish that proposed purchaser of qualifying glebe is NOT a connected person as defined in the CPM 2018, the commissioners recommend that the diocese obtain a written declaration to that effect. Where the qualifying glebe property is to be sold by auction, the DBF cannot at that stage be sure that the purchaser will not be a connected person. The conditions of the sale should therefore make it clear that, if the purchaser turns out to be a connected person, or a trustee for, or a nominee of, a connected person ( as would be evidenced by the purchaser being unable or unwilling to sign a written declaration to that effect), the sale would be conditional on the commissioners' consent being obtained."
Auction Terms
The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.
The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.
Binding contracts of sale will be exchanged at the point of sale.
Auction Deposit and Fees
The following deposits and non-refundable auctioneer’s fee apply. These will need to be paid to the auctioneer on exchange of contracts:
•10% deposit (subject to a minimum of £5,000)
•Buyer’s Premium of £1,500 inc. VAT
•Search pack of £336 inc. VAT
There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.
Guide Price & Reserve Price
The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).
Plans
Plans shown are for identification purposes only.
Services
We are unaware of any services connected to the property. Please refer to the auction legal pack for further details.
Directions
What Three Words: ///rewarding.grant.newly
Tenure and Possession
The land is freehold. Vacant possession will be given upon completion which is normally 20 working days after the auction. Please refer to the Legal Pack for further details.
Bidder Registration and Auction Legal Pack
If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/
You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk
The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.
If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.
Legal Documents & Additional Costs
It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.
Viewings
All viewings are by appointment only through the Auction Department
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Property location
Property Floorplan
