Land (commercial) for sale

£70,000

Floorplan

An accessible and attractive level pasture enclosure occupying a delightful rural position

In all about 2.02 acres (0.81 hectares)

For Sale by Informal Tender (unless previously sold)
All Tenders to be submitted by Thursday 3 July 2025 at 12 noon



The sale of this land affords prospective purchasers a rare opportunity to acquire an accessible and attractive parcel of level pasture land in this favoured part of East Devon. The land is situated in a renowned agricultural area and enjoys an attractive rural position, enclosed within natural hedgerow and stock fence boundaries.

In total the land extends to about 2.02 acres (0.81 Ha) and is offered for sale by informal tender as a whole as shown on the accompanying plan.

SERVICES
The land is being sold with no mains or any services. Prospective purchasers should make their own enquiries with regards to the availability of services in the locality.

BASIC PAYMENT SCHEME
The land is being sold without any entitlements to the Basic Payment Scheme or any de-linked payments.

RIGHTS OF WAY, EASEMENTS, ETC
The property is sold, and as far as required by the vendor, will be conveyed, subject to all rights of way, easements, and wayleaves of telegraph and telephone poles, stays and wires, electric pylons, poles and cables, water and gas pipes at present erected on and passing over or under the property and subject to the agreements affecting the same (if any) and to the Town and Country Planning Scheme affecting the same.

TOWN & COUNTRY PLANNING
The property, notwithstanding any description contained in these particulars, is sold subject to any Development Plan, Tree Preservation Order, Town Planning Scheme, Resolution Notice, which may be or may come to be in force and also subject to any statutory provision or by-laws without any obligation on the part of the vendor to specify them.

TENURE
The land is of Freehold tenure offering vacant possession at the completion of the sale.

LOTTING
It is intended that the property will be offered as a whole as described within these particulars. The right is reserved however to alter or amend the prospective lotting and prospective purchasers shall not raise any requisition or objection whatsoever to any such change. Offers may be made for the property as a whole or with less land. If you are making a tender for the property with less land please attach a plan clearly marking the area to which the offer applies.

OUTGOINGS
The property is sold subject to any further outgoings as assessed whether stated in these sale particulars or not.


LOCAL AUTHORITY
East Devon, District Council Blackdown House, Border Road, Heathpark Industrial Estate, Honiton, EX14 1EJ Tel: .


METHOD OF SALE
The land is offered for sale by Informal Tender with tenders to be received in writing on the attached form of Tender. Please note that on the form of Tender there is the option to submit tenders with or without the overage provisions applying. The tenders should arrive at the Agents offices at 111 High Street, Honiton, Devon, EX14 1LS by 12 noon on Thursday 3 July 2025 in a sealed envelope clearly marked Tender for Land at Clyst William Cross. Any tenders received will be subject to contract and the vendors are not obliged to accept the highest nor any other offer.

SALES PRIOR
It is possible that properties may be withdrawn/sold prior to the tender date. It is advisable for interested parties to register their interest with us and it is their responsibility to check with the selling Agents whether a particular lot will be offered, or if it has been withdrawn.

VIEWING
The land can be viewed at any reasonable time whilst in possession of the sales particulars, at the prospective purchasers own risk. All applicants are asked to respect the Country Code and close all gates.

DIRECTIONS
What3words obvious. Shrugging.talkative

ADDITIONAL INFORMATION
Broadband: N/A
Mobile Coverage: N/A
Flooding: Understood to be very low.
Planning Permission: The vendors have previously submitted an outline application with all matters reserved for the erection of 2 dwelling (22/1138/OUT ) which was refused.
Safety: Please be mindful and respectful of Livestock grazing in field.
Accessibility & Adaptions: We understand that the land is accessed directly from the council lane.

The land occupies a delightful rural position approx. 1.70 miles to the east of Plymtree and 2.1 miles to the north west of Payhembury. The land lies within a predominantly agricultural area primarily comprising pasture and arable land interspersed with residential property and some woodland. The centre of Cullompton lies approximately 5 miles to the north west affording access to the M5 motorway whilst the town of Honiton lies approximately 6.5 miles to the south east and affords access to the A30/A303 together with rail connections to London (Waterloo).
The approximate position of the land is shown on the location plan on the back cover of these particulars.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 56950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 1750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 4450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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