Land off Back Lane, Market Bosworth

Approximately 0.47 acres of land on the edge of Market Bosworth.
Situation
The land is accessed via a right of way off Back Lane leading on to the property’s own access. The land sits on the northern edge of Market Bosworth, adjoining open countryside and yet is only about 200 metres from Market Place.
Description
The property is comprised of agricultural grazing land extending to about 0.47 acres, including the area of the access. The land is bounded by hedging and fencing.
Restrictive covenants
The land is sold subject to pre-existing restrictive covenants. This includes a covenant contained in a transfer from 1932 that, in summary, bars erecting or placing ‘…any hut or temporary dwelling tent caravan house on wheels or encampment intended for use as a dwelling except for horticultural purposes or as a suitable amenity to a residence or as temporarily required during building operations.’ Please see the legal pack for full details.
Planning
The land sits in open countryside and development for a house or houses, for example, would be contrary to current planning policy. For any queries regarding planning, please contact the local planning authority directly.
Overage clause
The land is sold subject to an overage clause whereby 25% of any uplift in value upon implementation of sale (whichever is the sooner) following the grant of planning permission and successive grants of planning permission for uses other than agriculture and equestrian use, will be payable to the vendor. The clause is to run for a period of 50 years.
Rights of way, wayleaves and easements
A public footpath crosses the land as shown on the sale plan. We understand that Leicestershire County Council will be installing a gate to replace the current stile that gives access to the site. Correspondence relating to this can be found with the legal pack. The property is sold subject to all rights of way, wayleaves and easements whether or not they are defined in this brochure.

This property is available for sale by online auction, ending at 12 noon on Tuesday 15th March 2022. Please visit: fishergerman.co.uk/current-auctions for further information. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. You should allow sufficient time to complete this process before the time period expires. This document is not a legal document and shall not form part of the auction legal pack or any contract or offer. Buyers should not rely on the information in this document as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
All properties available for sale by Fisher German’s online auction are traditional (or unconditional) online auctions; exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. The winning buyer will be charged a holding deposit of £2,600 online, with the amount being held in a secure client account, pursuant to the terms of a holding deposit agreement. In addition the buyer shall pay an auction admin fee for this lot which will be £2400, inclusive of vat, plus a buyer's premium of £300 inclusive of vat. These fees shall be charged to the winning buyer online, immediately at the end of the auction using the payment details provided in advance of bidding. Any remaining amounts of the auction administration fee shall be payable by the buyer in the usual manner.
Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Fisher German shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.