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Land  Sold Guide Price £800,000

Farley Lane, Romsley, B62

Development Opportunity (STP)

House, Outbuildings & Land

Approximately 45.75 acres

For Sale by Online Auction

Thursday 19th January 2023

SITUATION
Romsley Hill Farm enjoys a semi rural setting to the south of the popular village of Romsley and is the perfect property for those wishing to enjoy the obvious benefits of rural living but staying within easy reach of urban civilisation. The property enjoys a fantastic elevated position providing far reaching views over open countryside.

The popular village of Hagley offers schooling of both Primary and Secondary level, and St Kenelm’s primary school in Romsley is also a short distance. Hagley train station provides services to Birmingham, Worcester and beyond. Junction 3 and Junction 4 of the M5 are also easily accessible. The village of Clent is a short distance where you are spoilt for fine eateries, public houses and country walks through the National Trust hills.

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ROMSLEY HILL FARM
The property provides a rare opportunity to purchase a small holding with House, Outbuildings and Land extending in all to circa. 45.75 acres (18.51 ha).

Romsley Hill Farmhouse is a detached two storey brick property occupying a prominent position with fantastic views over open countryside. We understand the house has been unoccupied since the 1960s but offers a complete blank canvas for renovation to create a fantastic country home (subject to necessary consents).

The house enjoys a spacious plot, sitting back from the council highway, providing the purchaser with the opportunity to create parking and landscaped gardens as they wish (subject to necessary consents).

Sitting to the rear of the farmhouse there is a range of brick outbuildings requiring repair and refurbishment. The buildings offer potential for conversion to an array of alternative uses (subject to necessary consents).

There are two relatively level paddocks lying conveniently to either side of the house and buildings, they have been utilised in recent times for horse grazing. The remainder of the land lies to the north which comprises of rough grazing, steep in parts, utilised in recent times for cattle grazing. The land forms the Romsley Hill Site of Special Scientific Interest due to its diverse mosaic of grasses and rush pasture.


SERVICES
We understand there is a mains water connection to the property and an electric supply cable has been fitted. None of the services, appliances, plumbing or electrical systems have been tested by the selling agents and purchasers are to make their own enquiries.

Basic Payment Scheme and Environmental Stewardship

No Basic Payment Scheme entitlements are included within the sale. The property is entered into the Higher Level Stewardship scheme.


MINERALS SPORTING & TIMBER RIGHTS
As far as they are owned, the mineral and sporting rights, as well as standing timber are included in the freehold sale.


TENURE
The property is freehold and is subject to some existing grazing arrangements. Please see auction pack for full details.


FIXTURES & FITTINGS
Only those items described in these sales particulars are included in the sale.


BOUNDARIES, ROADS AND FENCES
The purchaser(s) shall be deemed to have full knowledge of the boundaries and neither the Vendors, nor their Agents will be responsible for defining ownership of the boundary hedges or fences.


RIGHTS OF WAY, EASEMENTS & COVENANTS
The property will be sold subject to any wayleaves, public or private rights of way, easements and covenants and all outgoings whether mentioned in these particulars or not.


LOCAL AUTHORITY
Bromsgrove District Council, Parkside, Market St, Bromsgrove B61 8DA. T: 01527 881288


VIEWING
Strictly by appointment via the Sole Agents on 01905 672 072.


VENDORS SOLICITORS
Nicholas A R Hughes, HB 121 Solicitors, 7 Church Street, Kidderminster, Worcestershire, DY10 2AD
T: 01562 702655
E:nah@hb121solicitors.co.uk


METHOD OF SALE
The property will be offered for sale by Online Auction, see more information and bid on the Lovatt & Nott website.

Completion is due to take place 28 days after the auction or earlier if mutually agreed. The Property will be offered subject to an undisclosed reserve price and the vendor reserves the right, through the auctioneers, to bid up to these set reserve prices.

A legal pack will be available on Lovatt & Nott’s online auction page and interested parties will need to register before accessing the legal documents.

For further information about the Online Auction process, please speak to the selling agent.


CONDITIONS OF SALE
The Property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of sale which may be found in the legal documents section on the Lovatt & Nott online auction page. Each purchaser shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not.

A legally binding exchange of contracts occurs where the reserve is met and the timer reaches zero. A holding deposit will be taken from the purchaser and they have until 12pm the next working day to pay the balance of the deposit to total 10% of the purchase price.


IMPORTANT NOTICES
Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. Buyers should allow sufficient time to complete this process before the time period expires.

The successful purchaser(s) will be liable to pay the sum of £5,000. From this a “buyer’s fee” of £2,400 (inc VAT) is retained by Lovatt & Nott/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Fees

Refundable Holding depositCapped at 1 weeks rent
Security DepositCapped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
RentThe agreed monthly rent
Changes to tenancyCapped at £50 inc VAT
Early termination chargeNot exceeding the landlord’s financial losses
Late payment of rentInterest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keysReasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etcTenants own responsibility unless otherwise stated in contract
Client Money Protection Scheme Membership detailsThe law requires your membership details
Property Redress Scheme Membership detailsThe law requires your membership details