Bath Road, Wells, BA5

Description
Approximately 25.36 acres (10.26 hectares) of gently sloping pastureland, set within the Mendip Hills Area of Outstanding Natural Beauty. Access is taken via a right of way (delineated blue on the sale plan) leading directly from the Council maintained highway known as Bath Road. The plot has the benefit of mains water supply and boasts an elevated position and spectacular far-reaching views. The lot is bound by a mixture of natural hedges and stock-proof fencing and would ideally suit anyone with an agricultural, equestrian, conservation or amenity interest, subject to any necessary planning consents required. The soil comprises of a freely draining slightly acidic but base rich type, which is Classified as Grade III according to the DEFRA Land Classification Map.

Designations
The land is situated within AONB but not Listed or within a conservation area, Nitrate Vulnerable Zone (NVZ) or SSSI.

Environmental Stewardship Schemes
None.

Agent’s Note
The successful Purchaser will be required to erect and thereafter maintain, a new boundary fence, comprising of 1.5m (from ground level) concrete posts with stock proof wire, between points labelled ‘A’ and ‘B’ on the sale plan. Further details contained within auction Legal Pack.

Footpaths , Rights of Way, wayleaves and Easements
Not subject to any public footpaths. Full details of any other rights of way (if applicable) are contained within the auction legal pack.

Uplift / overage clause
Subject to a 50% uplift clause which will be triggered on the granting of planning permission for any development within the meaning of s55 TCPA 1990 (excluding agricultural or equestrian development). Term of uplift: 30 years. Further details contained within the auction legal pack.

Completion
Completion has been set for 22nd May 2025 or earlier by arrangement.

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 £1,395 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 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. 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.

Local Council: Somerset Council.

Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Drainage Rates: Not applicable

Solicitors
Gould and Swayne, Wells
Gian Floris acting
Telephone:

Tenure: Freehold with vacant possession.

VAT: The purchase price is not subject to VAT.

Viewing: At any reasonable time, on foot only and with a set of the sale details.
Closest Postcode: BA5 3HU
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Ref: GPT/11102

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