Guide Price £8,000
- 2.95 Acres
Fishing Rights At Peakfield Farm, Frosterley
Bishop Auckland, Durham
- 341.50 metres of single bank fishing on the River Wear
- Accessible and attractive location
- Ideal Salmon and Trout fishing
- River bank extending to 0.79 Hectares (1.97 Acres)
- The whole site extends to approximately 1.19 Hectares (2.95 Acres)
For Sale by Public Auction. Whole site extending to approximately 1.19 Hectares (2.95 Acres). River bank extending to 0.79 Hectares (1.97 Acres) and 341.50 metres of single bank fishing on the River Wear.
This is an excellent opportunity to acquire fishing rights along the River Wear. The whole site extends to approximately 1.19 Hectares (2.95 Acres) while the river bank extends to 0.79 Hectares (1.97 Acres). Included within the sale are the rights to single bank fishing along approximately 341.50 metres of the River Wear.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 days in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance. Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT - this is subject to a minimum of £6,000.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market. The Reservation Fee is paid in addition to the final negotiated selling price. A non-refundable Buyer Information Pack fee of £200.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by iamsold. The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification for this must be sought from your legal representative. The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed. A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded from the auction section of our website, or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the Great North Property Auction powered by iamsold.
Please note that the property is not sold with the benefit of planning permission, nor is it suitable for a dwelling/structure.