ON LINE AUCTION - Pre Auction Offers Considered - EXCELLENT INVESTMENT & DEVELOPMENT OPPORTUNITY - Arranged as 2 x 2 Bed Flats. Established Use as 2 x Student Flats INCOME = £2500PM Let Until 15/8/26 SCOPE TO EXTEND AND/OR SPLIT UNITS
ON LINE AUCTION - Pre Auction Offers Considered - EXCELLENT INVESTMENT & DEVELOPMENT OPPORTUNITY - Arranged as 2 x 2 Bed Flats. Established Use as 2 x Student Flats INCOME = £2500PM Let Until 15/8/26 SCOPE TO EXTEND AND/OR SPLIT UNITS
NB Clarkes Estate Agents are contracted as Managing Agents until 15/8/26. Exit fees will apply if the vendor or buyer wishes to end the contract early.
Modern Auction T&Cs
This property is for sale via Online Auction. This is a modern twist on the traditional auction room
sale where buyers can bid for the property via an online platform. The winning bidder, assuming the
reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which
they must exchange, or the vendor reserves the right to remarket the property, and the reservation
fee will not be returned, they will then have a further 28 days to complete. The auction will run for 3
hours on a set date and time chosen by the vendor of the property. Upon completion of a successful
auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive
of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940
inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms &
conditions which will form part of the auction pack which will be available to download for free once
produced by the vendors legal representatives. We strongly recommend that you review the legal
documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES
ARE PAYABLE IN ADDITION TO THE SALE PRICE.
Fees paid to the auctioneer may be considered as part of the chargeable consideration and may
attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’,
if you choose to bid on the property, you will be required to complete further identity checks for
anti-money laundering purposes, provide card and solicitors details before you are able to place a
bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller’s minimum expectations at auction and is not
necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior
to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during
the auction then the property will not be sold. In normal circumstances the reserve price should be
no more than 10% above the guide price.
For further details on this property please call us on: 01202 533377
