property for sale in Drayton Lane, Drayton, Langport , TA10 - Guide price £40,000

For Sale by Public Auction - Thursday 12th June 2025 at 12 midday - The Theatre, The Royal Bath and West Showground, Shepton Mallet and via Livestream. Auction Guide Price: £40,000 to £60,000. An extremely attractive parcel of land, which is situated on the edge of the village of Drayton. The land extends to approximately 2.34 acres (0.80 hectares) and includes a useful timber clad field shelter. Description An extremely attractive parcel of land, which is situated on the edge of the village of Drayton. The land extends to approximately 2.34 acres (0.80 hectares) and includes a useful timber clad field shelter. Directly accessed from the Council maintained highway known as Drayton Lane. The land is level in topography and bound and divided by natural hedgerows. Designations The site includes the underground remains of a Minor Romano British villa, which is designated as a ‘Scheduled Monument’ by Historic England. The land is not situated within a Nitrate Vulnerable Zone (NVZ), AONB or Site of Special Scientific Interest (SSSI). Agents Note The current water supply to the land is fed from a neighbouring property and will be disconnected. Restrictive Covenant Sold subject to a restrictive covenant for the benefit of neighbouring land that the property can only be used for agricultural or equestrian use. Full details will be contained within the auction Legal Pack. Uplift / overage clause The land will be offered for sale subject to an overage clause. Term of overage: 10 years at 10% uplift, triggered on the granting of planning permission for residential or commercial use. Full details of the overage clause will be contained within the auction legal pack. Other Schemes The land is not subject to any environmental or countryside stewardship schemes. Footpaths and Rights of Way Subject to single public footpath which is fenced off. Subject to a 15’ wide right of way access (highlighted blue on the sale plan) leading from the Council highway. Further details contained within the auction legal pack. Solicitors Chubb Bulleid Solicitors, Wells Telephone: 01749 836 100 Laura Maden acting. Registering to bid and Administration fee Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1,395 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable on all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds. Deposit Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from. Local Council: Somerset Council. Telephone: 0300 123 2224 Drainage Rates: None. Services: Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services. Completion Completion has been set for 10th July 2025 or earlier by arrangement. Tenure: Freehold with vacant possession. VAT: The purchase price is not subject to VAT Viewing: At any reasonable time on foot with a set of the sale details. Closest Postcode: TA10 0JS What3words – occupiers.airports.jetted Ref: GPT/11154 Website tags: auction-property, june-auction, land-property