Historic farm structures up for sale, purchasing potential buyers advised to beware of excess charge provision
High Lea Farm Buildings Up for Sale in Online Auction
The former High Lea Farm buildings in Witchampton, Dorset, are now available for purchase through an online auction process. The property, which includes a two-storey red brick structure previously used as a butcher's shop with office space above, a modern WC and shower block, barns arranged in a 'U' shape, a derelict grain mill, and additional structures formerly housing a shop and café, is listed on the Plotfinder website with a guide price of £600,000.
If the new owner decides to develop the existing buildings into residential dwellings or holiday cottages, a percentage of the value uplift would be paid back to the seller, as per the overage clause attached to the sale. However, the specific terms of this clause, including the percentage of uplift owed and the number of units allowed under permitted development, are detailed in the legal pack available through the selling agents.
To participate in the online auction, prospective buyers must first register, complete identity verification, and review the legal pack available through the marketing agent or auctioneer. Bids can be submitted at any time through the auctioneer's website, with details provided on the Plotfinder website. It's essential to note that the auction does not have a fixed auction date.
To find the specific terms of the overage clause, buyers can check the auction catalogue or legal pack associated with the High Lea Farm auction, contact the auction house or agent managing the sale, or review any public planning records or land registry entries for detailed covenants related to the property.
The site has dual access points, off-road parking, and a paddock. To arrange a viewing, contact the agent directly. For the most accurate and detailed information, it is recommended to contact the auctioneer or the Plotfinder customer support directly.
Prospective buyers should be aware of the overage clause attached to the sale, which could result in additional costs in the future, depending on how the land is developed. The property offers an exciting opportunity for those looking to undertake a unique development project.
Plotfinder.net offers access to over 15,000 building plots and properties that could become your next project. (Advertisement)
- The guide price for High Lea Farm Buildings, up for sale in an online auction, is £600,000, but potential buyers should note that the overage clause could lead to additional costs in the future.
- To participate in the auction, interested buyers must register, complete identity verification, and review the legal pack available through the selling agents.
- If the new owner decides to develop the buildings into residential dwellings or holiday cottages, as per the overage clause, a percentage of the value uplift would be paid back to the seller.
- The specific terms of the overage clause, including the percentage of uplift owed and the number of units allowed under permitted development, are detailed in the legal pack available through the selling agents.
- The site offers dual access points, off-road parking, and a paddock, making it a potential real-estate investment, especially for those interested in undertaking a unique development project.
