SOLD FOR £250,500
An exciting opportunity to purchase a freehold equestrian site comprising a delightful walled paddock of approximately 0.63 acres with a newly constructed stable block and tack room and an additional 3.45 acre level paddock directly opposite. Full planning consent has also been granted for the construction of a new all weather horse menage/arena. The site is situated in a delightful and secluded rural location in Wick with excellent transport links to Bristol and Bath.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 13 October 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWING -
By appointment
SUMMARY -
SOLD FOR £250,500 - EQUESTRIAN LAND OPPORTUNITY - APPROX. 4.08 ACRES WITH STABLES & CONSENT FOR MANEGE/ARENA
DESCRIPTION -
An exciting opportunity to purchase a freehold equestrian site comprising a delightful walled paddock of approximately 0.63 acres with a newly constructed stable block and tack room and an additional 3.45 acre level paddock directly opposite. Full planning consent has also been granted for the construction of a new all weather horse menage/arena. The site is situated in a delightful and secluded rural location in Wick with excellent transport links to Bristol and Bath.
LOCATION -
The land is situated on Court Lane off Court Road In Wick, a pretty semi-rural village lying to the east of Bristol and due north of Bath. Easy access is provided to Bristol and Bath via the nearby A420.
PLANNING -
Full planning consent was granted on 15 November 2012 for the change of use of the land from agricultural to land for the keeping of horses including the erection of a stable block and tack room and construction of hardstanding under Application No. PK12/1734/F.
Full planning consent was also granted at appeal on 28 March 2022 for the construction of a new all weather horse manege/arena under Application No. P21/00302/F, although this planning consent is yet to be implemented.
LOCAL AUTHORITY -
South Gloucestershire Council.
SITE PLAN -
The site plan/aerial map is provided for indicative purposes only. Please refer to the title documents contained in the online legal pack for confirmation of the site boundaries.
STABLE BLOCK/TACK ROOM -
Please note that at the time photographs were taken, the external cladding to the stable block and tack room was not yet complete. These works are due to be completed prior to the auction date.
SERVICES -
We are informed by the vendor that the site benefits from a mains electricity supply and the intention was to install a rainwater harvesting system from the roof of the new stable block.
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
OVERAGE AGREEMENT -
The land is to be sold subject to a 20% uplift agreement for a period of 20 years, triggered by the granting of planning consent for residential or commercial redevelopment. Please refer to the auction legal pack for further details.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 inc VAT) buyer’s premium payable upon exchange of contracts.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a cheque/bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000
If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,440 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.
