Reconditioned farm structures present renovation potential, yet prospective purchasers cautioned regarding the hidden overage clause
High Lea Farm, a unique property located in Witchampton, near Wimborne, is being offered for sale via an online auction with a guide price starting at £600,000. The property boasts dual access points, off-road parking, and a paddock, making it an attractive prospect for potential buyers.
The auction for High Lea Farm is being held through a secure bidding process on the auctioneer's website. Prospective buyers can submit their bids at any time during the auction period, with details provided on the Plotfinder website. To participate, buyers must first register, complete identity verification, and review the legal pack available through the marketing agent or auctioneer.
The property includes a variety of structures, such as a modern WC and shower block, barns arranged in a 'U' shape, a derelict grain mill, and additional structures that were once a shop and café. One of the most notable buildings is a two-storey red brick structure, previously used as a butcher's shop with office space above.
It's essential for buyers to be aware of an overage clause attached to the sale, which could result in additional costs in the future, depending on how the land is developed. This clause entitles the seller to a share of any future increase in the property's value from development or change of use. 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.
If the new owner develops the existing buildings into residential dwellings or holiday cottages, a percentage of the value uplift would be paid back to the seller. For more details or to arrange a viewing, contact the agent directly.
Subscribing to Plotfinder.net provides access to over 15,000 building plots and properties, making it an excellent resource for potential buyers seeking their next project. However, it's important to note that the search results do not provide specific terms of the overage clause for the High Lea Farm building plot in Witchampton, Dorset, nor details about the online auction process on the Plotfinder website.
For precise, legally binding details for the High Lea Farm overage clause or Plotfinder’s auction process, checking the official auction listing or contacting the website’s customer support or the selling agent is recommended. As of now, there is no fixed auction date for High Lea Farm.
- The overage clause attached to High Lea Farm could lead to additional costs if the land is developed, as it entitles the seller to a share of any future increase in the property's value.
- The legal pack available through the marketing agent or auctioneer provides details about the specific terms of the overage clause, including the percentage of uplift owed and the number of units allowed under permitted development.
- If the new owner develops the existing buildings into residential dwellings or holiday cottages, a percentage of the value uplift would be paid back to the seller.
- To participate in the auction for High Lea Farm, prospective buyers must first register, complete identity verification, and review the legal pack available through the marketing agent or auctioneer.
- The auction for High Lea Farm is being held through a secure bidding process on the auctioneer's website, and details can be found on the Plotfinder website.
