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Property Description
Being sold via Secure Sale online bidding. Terms & Conditions
apply. Starting Bid £345,000
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 3.75% 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 bid lot 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 £1,000 minimum bid
?£250,001 to £750,000 £2,500 minimum bid&nb
Auctioneers Additional Comments
Pattinson 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 bidders buyers 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
buyers obligations and sellers commitments. It is strongly advised
that you seek the counsel of a solicitor prior to proceeding with
any property and or Land Title purchase.
Auctioneers Additional Comments
In 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.
Video Viewings
If proceeding without a physical viewing please note that you must
make all necessary additional investigations to satisfy yourself
that all requirements you have of the property will be met. Video
content and other marketing materials shown are believed to fairly
represent the property at the time they were created.
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