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Corn Mill and Mill House, Clee St Margaret, Ludlow, SY7 9DT

Lot no: 200 Sold Prior to Auction
 

Guide Price £325,000+ plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.

Thursday 29th April 2021

10.00am
Key Features
  • A Very Rare Opportunity
  • Enormous Potential
  • Abundance of Original Features
  • Three Storey Former Corn Mill
  • EPC Rating: G
  • Village Setting
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Sold Prior to Auction

Detached house

Property Description:

A grade II listed stone built historic former farmhouse and an ancient cornmill all requiring complete modernisation and restoration set in about three quarters of an acre of gardens and
grounds within the pretty quintessential village of Clee St Margaret in popular South Shropshire. Detached stone house in need of renovation.

Clee St Margaret typifies old England. About eight miles from the medieval market town of Ludlow, it is a most desirable village surrounded by some of the most beautiful countryside in Shropshire.

Here is a very rare commodity these days and is ideal for anyone looking for a project to be able to create a lovely country home with a history behind it.

The house itself is in need of complete renovation and presently includes two reception rooms on the ground floor and two bedrooms, a landing bedroom, box room and bathroom on the first floor. There is a cellar accessed from outside which has an original flagstone floor and salting bench.

Adjoining the house is a stone barn and attached pig sty which offers the potential to extend into, subject to obtaining necessary planning consent.

It has been said that there has been a mill on the site dating back as far as the Doomsday Book. The present mill is a detached three storey stone building. The cogged driving wheels are still intact and other mill workings. There is an abundance of exposed timbers and other historic features. There is also evidence of the mill race running up to the building.

Another feature of the property is a detached stone built former bake house. Presently used for storage, it still has the amazing old bake oven and other features.

The grounds amount to around three quarters of an acre and includes the old mill pond, which is now dry. There are numerous mature trees and bushes and the old well is still visible. Part of the grounds are bordered by a brook.

Electricity is connected to the house and adjoining barn. There is mains water and a relatively modern private sewage treatment plant.

Please Note ** The buyer will have a right of water for the Mill Leat **

Tenure:

Freehold.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.