Land in CV23

For Sale Via Online Auction. Fees Apply.

We are delighted to offer for sale this attractive parcel of pasture land extending to approximately 5.23 acres, occupying a highly accessible position on the southern outskirts of Rugby with direct road frontage onto Barby Lane.

This versatile parcel of land offers an excellent opportunity for those seeking agricultural or equestrian use, benefiting from a level layout and being divided into three well-fenced paddocks, enclosed by mature hedgerows and established trees which provide both privacy and shelter.

The land enjoys direct vehicular access from Barby Lane via a secure steel-gated entrance. Positioned adjacent to the entrance is a useful timber-framed agricultural building with breeze block construction, tiled flooring and a clear PVC sheet roof, together with a small extension. Towards the rear of the land is a further timber pole lean-to, providing additional storage or shelter.

Extending to approximately 5.23 acres, the land is classified as Grade 3 agricultural land and consists predominantly of base-rich loam and clay soils. The pasture is relatively level and still displays areas of historic ridge and furrow, adding to its rural character.

A natural watercourse runs through the land, providing a convenient natural water supply and drinking point for livestock, making the holding particularly well suited for grazing.

Ideally situated between the popular suburb of Hillmorton and the sought-after village of Barby, the land enjoys a peaceful rural setting whilst remaining conveniently located approximately three miles from Rugby town centre and around four miles from Junction 18 of the M1 motorway, offering excellent links to the M1, M6, A5 and A14.

The property is offered for sale freehold with vacant possession.

Prospective purchasers should note that the sale will be subject to a 30-year overage clause, reserving 30% of any uplift in value resulting from future non-agricultural or non-equestrian development. The overage will be triggered upon either the implementation of planning permission or any future sale. The property is also subject to a restrictive covenant preventing the erection or placement of any dwelling, caravan, house on wheels, temporary building or encampment intended for residential occupation.

A public footpath crosses the centre of the land, and purchasers should satisfy themselves as to its position. The land is enclosed by fencing, and whilst every effort has been made to ensure the accuracy of the plan and description, these are provided for identification purposes only.

Description

An attractive parcel of pasture land extending to approximately 5.23 acres, occupying a highly accessible position on the southern outskirts of Rugby with direct road frontage onto Barby Lane.

Tenure

Title number NN381198 - Freehold

Location

Ideally situated between the popular suburb of Hillmorton and the sought-after village of Barby, the land enjoys a peaceful rural setting whilst remaining conveniently located approximately three miles from Rugby town centre and around four miles from Junction 18 of the M1 motorway, offering excellent links to the M1, M6, A5 and A14.

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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