Property details
For Sale by Public AuctionThe land lying to the west of Holmes House extends to 3.66 acres (1.48 Ha) and comprises a farmyard and a mix of livestock and general farm storage buildings.
Situation & Description:
The property is accessed via Hambridge Road which is a single-track road from Bishops Itchington through to Knightcote and in parts is gated with a weight-limited bridge to the south and height height-restricted bridge to the north. The property is close to junction 12 of the M40 just 3 miles away, 2 miles from the centre of Bishops Itchington where there are amenities such as local shops, village pub, Primary School, community centre, and bus links to local towns. The market Town of Southam is located 5 miles north of the property where further amenities such as Doctors' surgery, Church, take away food, pubs, petrol stations, supermarkets, Gym, High School, and Primary School. Larger Towns of Banbury (16 miles) and Leamington Spa (10 miles) provide further amenities as well as rail links to London and Birmingham.
Planning:
The land is currently used for agricultural purposes. Possible development opportunity subject to the necessary planning consents.
Rights of Way, Wayleaves, Easements:
There is a public footpath that crosses the property.
Designation:
The property is within a Nitrate Vulnerable Zone (NVZ) and there are no other known designations on the property.
Agents Note: These particulars are draft and we are awaiting approval from our client
Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 16th October at 6.00 pm
Hinckley Golf Club
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The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal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 Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.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:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1320 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
The agent understands that mains water and electricity are connected to the majority of the buildings.
Directions
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Tenure and Possession:
The property and land are freehold. Vacant possession will be given upon completion subject to the prevailing third-party lease for the Telecommunications Mast occupied under the Agreement by EE Limited and Arqiva Limited (by assignment dated 11th July 2014). The Agreement is dated 6th July 2006, commenced on 30th September 2002, and runs for a term of 25 years terminating on 29th September 2027. Completion 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
