Land For Sale £450,000
Description
An exciting opportunity to purchase a secluded rural property, set within idyllic surroundings on the outskirts of Wedmore. The site formally operated as an activity centre and campsite until December 2021 and has since been used for storage.
Somermead is a versatile property and could be suited to a variety of uses, subject to gaining the necessary planning consents.
Main Lodge
Constructed of insulated timber clad elevations and providing accommodation on ground floor level with loft storage above. Internal accommodation is sub-divided into dormitories, recreational areas, kitchen and welfare. Please note that a survey conducted February 2021 revealed Wet Rot (Coniophora puteana) is present within the timber floor joists of the building. The Report is available on request, however, potential purchasers are advised to make their own enquiries/investigations and to satisfy themselves in this regard.
Toilet/Shower block
Built in 2019 and providing toilet, shower and outdoor washing up facilities.
The plot extends to approximately 2.72 acres and is accessed via a right of way (highlighted blue on sale plan) over a track leading from the Council maintained highway known as Snipefield Lane.
The land is level in aspect and divided by a mixture of mature hedges, trees and stock-proof fencing.
The shepherd huts are excluded from the sale.
Uplift Clause
Offered for sale with no uplift clause.
Land Classification and Soil type
The land is classified as Grade III in accordance with the Agricultural Land Classification Map and the soil comprises lime-rich loam and clay type with slightly impeded drainage.
Rights of Way
Subject to a public footpath abutting the southern boundary. Details will be contained within the Auction Legal Pack.
Environmental Stewardship agreements
Not subject to any environmental stewardship agreements.
Designations
The Property is not situated within an AONB, SSSI or Conservation area. The Property is not Listed.
Completion
Completion has been set for 25th April 2024 or by earlier agreement.
Registering to bid and Administration fee Cooper 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. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1295 inc VAT can be paid if you are successful. 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. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to 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. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.
Deposit
Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.
Solicitors
Mogers Drewett
Margaret Goddard Acting
Telephone:[use Contact Agent Button]
Local Council: Somerset Council. Telephone:[use Contact Agent Button].
Services: Mains water and electricity are connected to the site. Calor gas to main building. Solar panels on toilet/shower block provide hot water. Private drainage via reed bed system. Potential purchasers must rely on their own enquiries regarding the availability and adequacy of any services.
Business Rates: Rateable Value: £5,000 (1st April 2023).
Tenure: Freehold with vacant possession.
VAT: The purchase price is not subject to VAT.
Viewing: Block viewings strictly by appointment only via Cooper and Tanner Glastonbury Office –[use Contact Agent Button] (option 2).
