This property has been taken off the market.
House For Sale High Drive, Caterham, CR3
£260,000
Auction Property
1 of 11
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 23rd May 2024
Description
For Sale by Online Auction
Auction End Date: Thursday 20th June 2024 at 12 noon.
An exciting opportunity to purchase a well-equipped equestrian property with stables, manège, pastureland and hardstanding yard area in a rural location with excellent transport links.
Location - The property has direct road access off Oldbury Road, opposite Hartshill Hayes Country Park, approximately 1 mile west of Hartshill. Nuneaton town centre is approximately 3.5 miles to the southeast and Atherstone town centre is approximately 4 miles to the north. The property is well located with excellent transport links as the A444 is approximately 3 miles to the southeast, providing access to the A5, M6 and further afield. Nuneaton train station is approximately 3.5 miles to the southeast
Description - The property extends to approximately 8.56 acres comprising nine 12’ x 12’ stables, a 20m x 40m manège with a Combi-ride fibre and rubber surface and training mirrors, tack room, hay barn and club house with a hardstanding yard area and pastureland.
The property was granted planning permission in 2012 for use as an equestrian riding school.
The land has mature hedge and fenced boundaries and is surrounded by agricultural land and woodland.
Services - We understand that the property benefits from mains water and mains electricity. Purchasers should make their own enquiries as to the availability and adequacy of the services.
Auction Terms - The property is for sale by online auction. All details, terms and conditions and the contract pack are available on our website.
The purchaser of this property is subject to the following payments upon exchange:
Buyers Premium: £1,500 + VAT
Auction Platform Fee: £1,500 + VAT
£1,400 towards the 10% of the legal deposit
The remainder of the 10% deposit of the purchase price is due by 12 noon on the next working day.
The purchaser is subject to the following payments upon completion:
Balance of the purchase price
Search fees of £760,10 + VAT
Administration fee of £420 + VAT
Tenure - Freehold with vacant possession on completion.
Method Of Sale - The property will be sold by online auction.
Vendor's Solicitor - Amy Moore
Rothera Bray Solicitors, Spa Place, 36 - 42 Humberstone Road, Leicester, LE5 0AE
Tel:01162-045345
Local Authority - North Warwickshire Borough Council
Easements, Wayleaves & Rights Of Way - We are not aware of any public rights of way over the land.
The land is sold subject to and with the benefit of any easements, wayleaves and rights of way that may exist at the time of sale, whether disclosed or not.
Overage Clause - The property is subject to an existing overage clause which will clawback 50% of any development uplift in value attributed to any change of use or planning permission which is due to expire on 1st November 2032.
For the avoidance of doubt, the overage clause will not be triggered by any equestrian, agricultural or forestry uses.
Please note that this is an existing overage clause, so it will not be possible to exclude this from the sale.
Viewing - Strictly by prior appointment only.
Please contact Susannah Leedham or Anna Meynell at the Atherstone office.
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 their Agents in respect of any error, omissions or misdescriptions.
The plan is for identification purposes only and is not to scale.
Anti-Money Laundering - Under the Money Laundering Directive (S12017/692) we are required to take full identification (e.g., photo ID and recent utility bill as proof of address) when a purchaser submits an offer for a property. Please be aware of this and have the information available.
What3words - ///flashback.adopters.cloak
Auction End Date: Thursday 20th June 2024 at 12 noon.
An exciting opportunity to purchase a well-equipped equestrian property with stables, manège, pastureland and hardstanding yard area in a rural location with excellent transport links.
Location - The property has direct road access off Oldbury Road, opposite Hartshill Hayes Country Park, approximately 1 mile west of Hartshill. Nuneaton town centre is approximately 3.5 miles to the southeast and Atherstone town centre is approximately 4 miles to the north. The property is well located with excellent transport links as the A444 is approximately 3 miles to the southeast, providing access to the A5, M6 and further afield. Nuneaton train station is approximately 3.5 miles to the southeast
Description - The property extends to approximately 8.56 acres comprising nine 12’ x 12’ stables, a 20m x 40m manège with a Combi-ride fibre and rubber surface and training mirrors, tack room, hay barn and club house with a hardstanding yard area and pastureland.
The property was granted planning permission in 2012 for use as an equestrian riding school.
The land has mature hedge and fenced boundaries and is surrounded by agricultural land and woodland.
Services - We understand that the property benefits from mains water and mains electricity. Purchasers should make their own enquiries as to the availability and adequacy of the services.
Auction Terms - The property is for sale by online auction. All details, terms and conditions and the contract pack are available on our website.
The purchaser of this property is subject to the following payments upon exchange:
Buyers Premium: £1,500 + VAT
Auction Platform Fee: £1,500 + VAT
£1,400 towards the 10% of the legal deposit
The remainder of the 10% deposit of the purchase price is due by 12 noon on the next working day.
The purchaser is subject to the following payments upon completion:
Balance of the purchase price
Search fees of £760,10 + VAT
Administration fee of £420 + VAT
Tenure - Freehold with vacant possession on completion.
Method Of Sale - The property will be sold by online auction.
Vendor's Solicitor - Amy Moore
Rothera Bray Solicitors, Spa Place, 36 - 42 Humberstone Road, Leicester, LE5 0AE
Tel:01162-045345
Local Authority - North Warwickshire Borough Council
Easements, Wayleaves & Rights Of Way - We are not aware of any public rights of way over the land.
The land is sold subject to and with the benefit of any easements, wayleaves and rights of way that may exist at the time of sale, whether disclosed or not.
Overage Clause - The property is subject to an existing overage clause which will clawback 50% of any development uplift in value attributed to any change of use or planning permission which is due to expire on 1st November 2032.
For the avoidance of doubt, the overage clause will not be triggered by any equestrian, agricultural or forestry uses.
Please note that this is an existing overage clause, so it will not be possible to exclude this from the sale.
Viewing - Strictly by prior appointment only.
Please contact Susannah Leedham or Anna Meynell at the Atherstone office.
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 their Agents in respect of any error, omissions or misdescriptions.
The plan is for identification purposes only and is not to scale.
Anti-Money Laundering - Under the Money Laundering Directive (S12017/692) we are required to take full identification (e.g., photo ID and recent utility bill as proof of address) when a purchaser submits an offer for a property. Please be aware of this and have the information available.
What3words - ///flashback.adopters.cloak
Agent Details
Howkins & Harrison LLP
15 Market Street Atherstone CV9 1ET
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.