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Property Description
Being sold via Secure Sale online bidding. Terms & Conditions
apply. Starting Bid £240,000
Property Details
This property is being sold subject to unconditional
reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in
which to complete the purchase.
Legal Pack
A legal pack is available to download. Special
conditions may apply.
We strongly recommend buyers familiarise themselves
with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a
deposit of 5% which contributes towards the overall purchase price
of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable
reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000
inc VAT) This does not form part of the purchase
price.
A reservation fee is payable by the buyer where a
seller has opted to sell with no fees. As a result, a lower reserve
price is usually agreed on lots where a reservation fee is
applicable.
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the
following:
My bid may be accepted by the seller at any time
before the close of the auction. It is subject to the terms and
conditions of the auction which I have read and understood. I have
read and understood the legal pack applicable to my bidlot and
agree to be bound by any special conditions within that
pack.
If my bid is successful (whether as the highest bid
or upon acceptance by the seller in the course of the auction) I
shall be bound by the lot terms and conditions as advertised
online.
Any amount payable at the close of the auction must
be paid within 1 hour.
Please note that the bidding process will work in a
different way to an eBay auction, so there is NO advantage to
bidding at the last second.
Each auction will automatically stay open until there
has not been a bid within the final
10 minutes. If no bid has been submitted within the
final 10 minutes of the auction, the auction will close
and the highest bidder will be successful subject to the reserve
price being met or upon acceptance of an offer by the seller
throughout the auction cycle. If there is another bid within 10
minutes of the last bid, the auction countdown timer will be
restarted for another 10 minutes to allow further bidding. This
system avoids last-minute (or second) bidding and makes for a
fairer auction as in a live-room auction
situation.
Please bid in good time before the end of the auction,
delaying your bid to the last seconds may disadvantage you if your
connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech
issues, power outage or error messages which hampers or eliminates
an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid
has been lodged with the auctioneer. It is therefore
beneficial to bid on your chosen lot at your earliest
opportunity.
The auctioneer accepts no responsibility for bids that are
not received or are received late and reserves the right to reject
any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - &po
Auctioneers Additional CommentsPattinson Auction are working in
Partnership with the marketing agent on this online auction sale
and are referred to below as 'The Auctioneer'.This auction lot is
being sold under unconditional (Traditional) auction terms and
overseen by the auctioneer in partnership with the marketing
agent.The property is available to be viewed strictly by
appointment only via the Marketing Agent or The Auctioneer. Bids
can be made via the Marketing Agents or via The Auctioneers
website.Please be aware that any enquiry, bid or viewing of the
subject property will require your details being shared between
both any marketing agent and The Auctioneer in order that all
matters can be dealt with effectively. The property is being sold
via a transparent online auction.In order to submit a bid upon any
property being marketed by The Auctioneer, all biddersbuyers will
be required to adhere to a verification of identity process in
accordance with Anti Money Laundering procedures. Bids can be
submitted at any time and from anywhere.Our verification process is
in place to ensure that AML procedure are carried out in accordance
with the law.A Legal Pack associated with this particular property
is available to view upon request and contains details relevant to
the legal documentation enabling all interested parties to make an
informed decision prior to bidding. The Legal Pack will also
outline the buyersâ-- obligations and sellersâ-- commitments. It is
strongly advised that you seek the counsel of a solicitor prior to
proceeding with any property andor Land Title purchase.Auctioneers
Additional CommentsIn order to secure the property and ensure
commitment from the seller, upon exchange of contracts the
successful bidder will be expected to pay a non-refundable deposit
equivalent to 5% of the purchase price of the property. The deposit
will be a contribution to the purchase price. A non-refundable
reservation fee of up to 6% inc VAT (subject to a minimum of 6,000
inc VAT) is also required to be paid upon agreement of sale. The
Reservation Fee is in addition to the agreed purchase price and
consideration should be made by the purchaser in relation to any
Stamp Duty Land Tax liability associated with overall purchase
costs.Both the Marketing Agent and The Auctioneer may believe
necessary or beneficial to the customer to pass their details to
third party service suppliers, from which a referral fee may be
obtained. There is no requirement or indeed obligation to use these
recommended suppliers or services.
Details:
Please
login to view legal packs for this property.
If you‘d like to talk to us about this property, quote reference
5392909 when calling.
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