Property description
For sale by public auction. Tuesday 18th October 2016, 7pm. Wells Golf Club, Wells. Auction Guide Price £30,000 to £35,000*. Approx 2.8 acres of arable land located just outside the village. Ideally suited to a variety of uses. The adjoining 8.4 acres is also being offered for sale.
Located between the villages of Leigh on Mendip and Stoke St Michael lies this block of just over 11 acres of land, which will be offered for sale in two lots; one of 8.4 acres and the other of 2.8 acres, as delineated on the sale plan.
Currently within an arable rotation but either could easily be reseeded with grass if grazing was required. The land is already divided into two parcels, and each is enclosed by a combination of stock fencing with mature hedges and trees providing natural shelter.
Each parcel benefits from separate direct road access.
Lot A: 8.4 acres
as coloured red on the sale plan,
Guide Price £75,000 to £85,000
Lot B: 2.8 acres
as coloured blue on the sale plan,
Guide Price £30,000 to £35,000
* Guide Price: An indication of the seller\‘s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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.
Property Features :
- Auction - 18th October 2016
- Approx 2.8 acres
- Arable land
- Direct road access
- Level in aspect