An opportunity has arisen for potential buyers looking to invest in a piece of Dorset’s countryside.
The former High Lea Farm buildings, located in Witchampton near Wimborne, are now up for sale via online auction with a guide price starting at £600,000.
However, prospective buyers should proceed with caution as an overage clause attached to the sale could mean additional costs in the future, depending on how the land is developed. Here’s everything you need to know about this building plot and how to get involved in the auction on the Plotfinder website.
Historic plot with former farm buildings
Set in the former High Lea Farm, this plot boasts a versatile array of structures, formerly used as farm buildings.
These buildings include a two-storey red brick structure previously used as a butcher’s shop with office space above, a modern WC and shower block and barns arranged in a ‘U’ shape.
The property also includes a derelict grain mill and additional structures formerly housing a shop and café. The site also has dual access points, off-road parking and a paddock.
Buyers warned about overage clause
Plotfinder.net
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Prospective buyers of High Lea should be aware of the overage clause attached to the sale.
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This clause entitles the seller to a share of any increase in the property’s value that arises from future development or change of use. For example, if the new owner converts the existing buildings into residential dwellings or holiday cottages and this increases the property’s worth, a percentage of the value uplift would be paid back to the seller.
The specific terms of the overage clause, including the percentage of uplift owed and the number of units allowed under permitted development, are detailed in the legal pack available through the selling agents.
Auction details and how to bid
The auction for High Lea Farm buildings in Witchampton, Dorset, is being held as an online auction through a secure bidding process.
While there is currently no fixed auction date, bids can be submitted at any time through the auctioneer’s website with details included on the Plotfinder website.
To participate, prospective buyers must register, complete identity verification, and review the legal pack available through the marketing agent or auctioneer. For more details or to arrange a viewing, contact the agent directly.
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