Land for sale

For sale by online auctionAuction end date 14th June 2023 at 12 noon.A useful and conveniently positioned parcel of land with the potential for alternative uses subject to planning, with pony paddock, stables and telecoms mast, located on the outskirts of Coventry. Extending to about 3.81 acres (1.54 ha).

Situation
The land is situated on the Coventry Road leading out of the village of Brinklow and lying just to the east of the A46 Coventry Bypass, adjacent to Coombe Abbey and with direct access leading into Coventry City Centre. The land is in the Binley wood vicinity with good access to the major road networks including the M6 and A46.

Description
The land off Brinklow Road extends to approximately 3.81 acres, located East of Coventry. The property is accessed via a central, hardcore track that leads to a telecoms mast in the centre, as well as three stables and a hay shed. To the south of the land is a grass paddock that has potential equestrian use subject to planning. Lying to the west of the property are mature deciduous trees. There is good road frontage to the B4428 Brinklow to Coventry Road to the North of the land with its own access gate whilst the south of the land adjoins open farmland. The land is bordered to
the west by commercial storage land and bordered to the east by Oak Nurseries, divided by a fence and mature trees and hedgerows.

The opinion of the agent is that the land is suitable for a number of alternative uses subject to obtaining the necessary planning consents and in conjunction with the infrastructure links close by.

Telecoms Mast
Centrally located on the property is a Telecoms Mast, leased to Airwave Solutions Ltd dated 30th May 2019 until 29th May 2029, at a rent of £4,500 per annum. The land will be sold subject to the lease and the appropriate 2023 apportioned rent provided to the purchaser upon completion.

Tenure & Possession
The land (title no. WK373928 and WK2935219) is sold freehold with vacant possession, excluding the telecoms mast lease as detailed above. We are not aware of any restrictions or onerous conditions affecting the property and advise you instruct your solicitor to check the title, contract and conditions prior to any purchase.

Development Uplift
The property will be sold subject to a development uplift clause which will reserve 30% of any increase in value due to any non-agricultural equestrian development that takes place within a period of 30 years from the date of sale.

This clause will be triggered either upon the implementation of a planning consent or the sale of the property following planning consent. For the avoidance of doubt, a replacement telecoms mast, agricultural buildings or stables or equestrian facilities constructed would not trigger the clawback clause.

Restrictive Covenant
Not at any time thereafter to build erect or place or allow to be built erected or placed on the property or any part thereof any hut, tent, temporary dwelling, caravan, house on wheels or encampment intended for use as a dwelling.

Services
Mains water and mains electricity are believed to be available within the road however are not connected specifically to the land save for an electricity connection provided to the telecoms mast. The purchasers should note it is their specific responsibility to investigate the availability of services.

Plan, Area & Description
The plan, area and description are believed to be correct in every way but no claim will be entertained by the vendor or the agents in respect of any error, omissions or misdescriptions. The plan is for identification purposes only.

Rights
We are not aware of any other wayleaves or easements that affect or benefit the property, save for the services and access to the telecoms mast.

Auction Terms
The property is for sale by online auction. All details, terms, conditions and contract pack are available on our website.

Online Auction Access
Please visit the Howkins & Harrison website (howkinsandharrison.co.uk), click 'Auctions' in the main heading menu then 'Online Auctions'. To bid; click 'Register' and verify your email address. The purchaser of this property is subject to an admin fee and buyer’s premium of £3,600 (including VAT) as stated on the auction listing. The buyer will also be required to reimburse the
search fees of up to £821.50 to the solicitor upon completion.

Anti Money Laundering Regulations
Under the money laundering directive (S12017/692) we are required under due diligence as set up under HMRC to take full identification (e.g. photo ID and recent utility bill as proof of address). When a potential purchaser submits an offer for a property, please be aware of this and have the information available, this will be required immediately following the auction.

Viewing
Access is available via a locked gate located off Brinklow Road. Please contact the Rugby Office on Tel:01788-564680 for more information.

Vendors Solicitor
Seymours, 45 Blondvl Street, Cheylesmore, Coventry, CV3 5EQ
Tel, 024 7655 3961 or Email, law@seymours.co.uk
The balance of deposit monies will be payable to the solicitor immediately following the auction.

Local Authority

Contract Pack
The contract pack is available on our website.