Lot 1 - Strategically Located, Arable Field, Gedney, Long Sutton, Lincolnshire, PE12 0AD
- Unconditional Online Auction Sale
- Guide Price* : £90,000 - £110,000 plus fees
- Bedrooms: 0
Description
A single enclosure of Grade 1 Silt amounting to 7 acres, more-or-less with frontage to the B1359 (old A17) road on the edge of the village of Gedney and less than a mile from Long Sutton. The land has regularly and successfully grown a full range of salad, root and vegetable crops and is accessed off Blazegate.
Lying on the edge of Gedney village, the parcel is strategically well-located and could suit a number of different uses, subject to Planning Permission. The next door property successfully gained Planning Permission for vehicular access off the B1359 in 2011 (H06-0135-11) and there is mains water available on site and electricity very close by.
Basic Payment Scheme Entitlements are included.
Overage: The sale is subject to an Overage Covenant whereby for a period of 30 years from Completion of the sale, the Seller will receive 25% of any uplift in value achieved in respect of any non-agricultural use of the land following the granting of Planning Permission.
Solicitor: Mossop & Bowser (Attn Peter Brown), Abbots Manor, 10, Spalding Road, Holbeach, PE12 7LP (01406-422651)
Location
The important South Lincolnshire ,market town of Long Sutton and the village of Gedney between them offer a wide range of excellent public services and facilities and access to the main A17 Trunk Road is in very close proximity.
Directions
From the A17 Roundabout at Gedney, drive into Gedney village and turn immediately right and then right again on to Blazegate and the field is the first arable parcel on the right. Taking the B1359 to Long Sutton from the Roundabout takes you along the field frontage immediately after the adjoining Kingdom Hall of Jehovah’s Witnesses.
The approximate location of the field, using the What3Words app is “sunbeam.lushly.pounds”.
Notes
Buyer Fees: Please note that the successful bidder will be required to pay an Administration Charge of £1080 inclusive of VAT. This fee is due and payable from the winning bidder immediately after the timed auction ends. The successful bidder will additionally pay over to the auctioneer a deposit of 10% of the purchase price, subject to a minimum of £5,000, after the timed auction ends. All payments to be made by debit card payment or electronic bank transfer to the Brown&Co Client Account, the details of which will be provided by the auctioneer to the successful bidder shortly after the auction ends. Other fees may be payable on completion and will be detailed within the Special Conditions of Sale to be found within the published Auction Pack.
Ability to Buy: This property is being sold under Unconditional Auction Rules creating a legally binding contract at the conclusion of the timed auction. DO NOT bid unless you can complete the sale within 28 days, or on the terms specified within the Special Conditions of Sale.
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How It Works: Unconditional Timed Auction Online: This is a binding method of sale similar to a traditional public property auction. The only difference is the bidding takes place online. The successful purchaser will be required to pay a 10% deposit (subject to a minimum payment of £5,000) on the fall of the virtual gavel and contracts will be exchanged. Bidding for properties online works in a similar fashion to eBay. You can place bids using your PC, tablet or mobile phone and the minimum amount you can bid is defined by the 'bid increment' level. When you place a bid, the property listing page will show you if your bid was successful and whether or not you are the highest bidder. When you are the highest bidder on a property, if another bidder outbids you the system will notify you by email so that you can place another bid if you wish. The major difference from eBay is that our system eradicates sudden death 'bid sniping' through the use of auction 'extension times'. If you have any questions or require any clarification please contact the auctioneer.
Agents Notes: (1) All measurements are approximate and quoted for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied upon. (2) Any fixtures, fittings and appliances referred within these published details have not been tested and therefore no guarantee can be given that they are in working order. (3) Internal photographs are reproduced for general information and it is not inferred that any item shown within any picture is included with the property. (4) Photographs shown within these details may have been taken with a camera using a wide-angle lens. (5) These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. (6) In accordance with UK Anti Money Laundering Regulations Intending buyers will be asked to produce original Identity Documentation, Proof of Address and be subjected to an electronic ID verification check before a purchase conveyance is instructed. (7) Brown&Co comply with the General Data Protection Regulation (EU) 2016/679 (“GDPR”) please visit our website www.brown-co.com for our Privacy Statement, Subject Access Requests can be submitted to dataprotectionmanager@brown-co.com . (8) Brown&Co are regulated under the RICS code of conduct. (9) Brown&Co are a member of The Property Redress Scheme, Membership Number: PRS012758 https://www.theprs.co.uk/ (10) Brown&Co is a member of RICS Client Money Protection Scheme, RICS Firm Reference: 016189 (11) Brown&Co-Property And Business Consultants LLP trading as Brown&Co Registered Company Number OC302092. (11) Registered Office Address – The Atrium, St George's Street, Norwich, Norfolk, NR3 1AB
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (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.
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