Lot B - Old Frome Road, Shepton Mallet, BA4

Description

Approximately 59.45 acres (24.06 hectares) of level to sloping pastureland, together with an agricultural building. Offered for sale in four lots varying size. Boasting outstanding views over neighbouring countryside, with each lot having separate access directly from the Council maintained highway. Enclosures are bound and divided by a mixture of stock-proof fencing and natural hedges. Ideally suited for anyone with an agricultural, equestrian or amenity interest, subject to any necessary planning consents required. The soil comprises of freely draining, slightly acidic loam type, which is Classified as Grade III/IV according to the DEFRA Land Classification Map. We are informed the existing tenant farms the land under an Organic status, and there is scope to improve each lot.

Tenancy

Each lot is offered for sale subject to an existing Farm Business Tenancy (FBT). Notice to Quit has been served on the tenant which will bring the tenancy to an end on 31st March 2027. Further details contained within the auction legal pack.

Lot A - Guide Price: £70,000 to £100,000

Single enclosure of level to gently sloping pastureland extending to approximately 5.01 acres (2.03 hectares). Direct highway access from Old Frome Road. Rent: £599 per annum.

Lot B - Guide Price: £80,000 to £120,000

Extending to approximately 6.58 acres (2.66 hectares) and held within a single enclosure. Direct access from Old Frome Road. Rent £785 per annum.

Lot C - Guide Price: £320,000 to £350,000

Benefiting from direct highway access from Old Frome Road. Extending to approximately 39.48 acres (15.98 hectares) and held within four useful sized enclosures. Rent: £4,720 per annum.

Lot D - Guide Price: £100,000 to £150,000

Approximately 8.38 acres (3.39 hectares) of pastureland together with a 3-bay agricultural building situated within the northeast corner of the lot. The building is constructed of a concrete frame and is enclosed in part by concrete block/asbestos clad elevations under an asbestos roof. Total footprint of building approximately 200m². Rent: £1,000 per annum.

Designations

The land is not situated within an AONB or SSSI. Lots C and D are within the Sheppey NVZ.

Uplift / overage clause

Lot D is subject to an uplift clause to take effect on residential development. 15% of the increase in value of the land is payable on the approval of the planning consent. Term: 15 years. Further details contained within the legal pack.

Other Schemes

We are informed each lot is subject to a countryside stewardship schemes, which expires January 2026.

Footpaths and Rights of Way

Not subject to any public footpaths. Information relating to any further rights of way (if applicable) will be contained within the auction legal pack.

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.

Fees

Potential buyers should be aware that there may be additional fees payable to the Vendor’s solicitor on completion of the sale, details of which will be contained within the auction pack for each lot. At the launch of the property onto the market this information is not always available and so interested parties must refer to the auction pack and satisfy their enquiries.

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.

Services: No mains water connected. Any existing water supply is from a private source and will be disconnected. Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Solicitors

Mogers Drewett LLP, Sherborne

Telephone: 01935 811 635

Tracy Neal acting.

Tenure: Freehold subject to an existing Farm Business Tenancy (FBT).

VAT: The purchase price is not subject to VAT.

Viewing: Strictly by appointment only via Cooper and Tanner, Glastonbury Office – 01458 834 288 (option 2). Tenant will require at least 48 hours’ notice prior to any viewing.

Closest Postcode: BA4 4FU

What3words (Lot A) – resemble.clear.hotspots

Local Council: Somerset Council.

Telephone: 0300 123 2224.

Completion

Completion has been set for 23rd October 2025 or earlier by mutual agreement.

Ref: GPT/11201

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