Land (commercial) for sale

£120,000

Guide Price 120,000 LOT 2 is located to the north of LOT 1 Sunnyside Farm and comprises a single parcel of productive permanent pasture land extending to approximately 7.36 acres (2.98 Ha). FOR SALE BY INFORMAL TENDER IN THREE LOTS OR AS A WHOLE.

LOCATION
Sunnyside Farm is situated in a quiet rural location approximately 2.8 miles south of the village of Longburton and approximately 4.4 miles east of the village of Leigh. The town centre of Sherborne lies approximately 7 miles distant to the north offering a monthly market, range of quirky and artisan local shops as well as a vintage quarter. The towns amenities include restaurants and hotels, a leisure centre, supermarkets, a museum, a health centre and a number of excellent primary schools and secondary schooling. Sherborne has good access to the local train station which has a direct line to London Waterloo. Other local towns include Yeovil approximately 10 miles to the NorthWest and the Town of Crewkerne approximately 17 miles to the West with an intercity train service which also runs to London (Waterloo, approximately 2 hrs). The A303 can be accessed approximately 14 miles distant to the north east. The M5 motorway at Junction 25 (approximately 35 miles distant from the subject property), providing access to the wider motorway network.

LOT 2 - LAND ADJOINING SUNNYSIDE FARM
LOT 2 is located to the north of LOT 1 Sunnyside Farm and comprises a single parcel of productive permanent pasture land extending to approximately 7.36 acres (2.98 Ha). The land benefits from access directly from the public highway via a gateway and Is bounded by a mixture of mature hedgerows and stock fencing. The land has been well maintained and offers potential for agricultural, equestrian or amenity use subject to the necessary consents.

ACCESS
LOT 2 benefits from an access gateway directly from the public highway

TENURE AND POSSESSION
LOT 2 and 3 are occupied on a grazing licence agreement until 31st October 2025.

LOCAL AUTHORITY
Dorset Council
County Hall
Hall
CollitonPark
Dorchester
Dorset
DT1 1XJ
Telephone:

SERVICES
LOT 2 Land Adjoining Sunnyside Farm: We understand the land has a water supply to a trough on the land which originates from Lot 1. Perspective purchasers to make their own investigations into a new supply directly from the main.


SPORTING & MINERAL RIGHTS
Sporting and mineral rights are included within the sale.

VIEWINGS
All viewings are strictly by appointment with the selling agents.


RIGHTS OF WAY, EASEMENTS, WAYLEAVES, ETC.
We arent aware of any footpaths traversing the property. The property is offered for sale subject to and with the benefit of all matters contained in or referred to in the property charges
register of the registered title together with all public and private rights of way, wayleaves, easements and other rights of way whether these are specifically referred to or not.
Note:- The above plan has been reproduced from the Ordnance Survey Map with the permission of the Controller of H. M. Stationery Office. Crown copyright licence number Greenslade Taylor Hunt.

METHOD OF SALE
The property is being offered for sale by Informal Tender. Tenders are to be received in writing to the agent Greenslade Taylor Hunt, 22 Princes Street, Yeovil, BA20 1EQ by no later than Friday 27th June 2025 at 12 noon. Tender form available from the selling agent.

SALES PRIOR
It is possible that the land may be withdrawn/sold prior to the tender date. It is advisable for interested parties to register their interest with the agents and it is their responsibility to check
with the selling agent whether the land is being offered or if it has been withdrawn.

DIRECTIONS
What3words: ///toast.bullion.pounces
From Sherborne, head south on the A352 continuing through the villages of Longburton and
Holnest. After approximately 6 miles, turn right through the estate pillars and continue on Hermitage Lane for approximately 2 miles and the property will be located on the right hand side. The property will also be indicated by the agents for sale boards.

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

£ 95700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 3000
  • 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

£ 5700
  • 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

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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

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  %

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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