The plot is available with a guide price of £600,000 with bids already being
accepted
The conversion opportunity is available via an online auction(Image credit: Plotfinder)
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
Historic farm buildings are included on the plot(Image credit: Plotfinder)
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
(Image credit: Future)
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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.
Plotfinder.net is Homebuilding & Renovating's sister site that has thousands of self build and renovation opportunities from estate agents and auction sites across the UK. Subscribe today and get email alerts for potential plots straight to your inbox.(Image credit: Future)
News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals. Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.
