Land for sale

FOR SALE BY ONLINE PUBLIC AUCTION. Auction end date 27 September 2023 at noon. A conveniently positioned block of land on the outskirts of Ryton on Dunsmore, extending to about 4.33 acres (1.75 hectares). Suitable for equestrian use and with the potential for alternative uses (subject to planning).

Situation
The property is located in a quiet position on the outskirts of Ryton on Dunsmore village, to the north of the A45. The property is situated within close proximity of Coventry, Leamington Spa and Rugby and benefits from major road networks including the A45, M69 and M6.

Description
The land at Jarrett’s Farm extends to approximately 4.33 acres of slightly undulating grazing land and is bordered by a mix of mature hedgerows, post and rail fencing and post and wire fencing. The property benefits from a parking area and is bordered to the north by open countryside, allotments and woodland to the south and a dwelling and garden land to the east.

There is a base for stables measuring approximately 14m x 6m and a former circular equestrian sand turnout area measuring approximately 335m2.

The land can be accessed via a wooden farm gate which is accessed from Chapel Lane off Chapel Road.

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

The land is shown edged red on the plan.

Tenure & Possession
The land is sold freehold with vacant possession given on completion.

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 or non-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 any agricultural buildings or stables or equestrian facilities constructed would not trigger the clawback clause.

Rights
We have been informed by the current owner that there is a wayleave agreement in place for the overhead wire and associated pole running through the land.

A footpath borders the land but we do not believe that this is located within the freehold boundary.

Services
We understand from the current owner that electricity is in place, but a meter has not yet been installed. Water services are not in currently in place but it is believed they are available in the road.

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.

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 a maximum of £155.30 (including VAT).

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.

Viewing
Viewing of the property can be at any time during daylight hours with a copy of these particulars to hand. Access is available via a farm gate located off Chapel Lane. For more information please contact the Rugby Office Tel:01788-564680.

Vendors Solicitor
Arnold Thomson, 205 Watling Street West, Towcester, Northamptonshire, NN12 6BX - Rhiannon Beswick

Contact details can be located in the brochure

Local Authority
Rugby Borough Council - Tel. (01788) 533759

Contract Pack
The contract pack will be available on our website.

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