1 BED Flat For sale

Auction Terms

The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

Binding contracts of sale will be exchanged at the point of sale.

Auction Deposit and Fees

The following deposits and non-refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1320 inc. VAT

There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.

Guide Price & Reserve Price

The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).

Plans

Plans shown are for identification purposes only.

Services

The agent understands that mains gas, electricity, water and drainage are connected to the property.

Directions

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Tenure and Possession

The property and land are leasehold and is being sold with a tenant in situ (please refer to the Legal Pack for further details). There are currently 123 years unexpired on the Lease. Annual ground rent: £100, annual service charge: £450

Bidder Registration and Auction Legal Pack

Following your viewing, we are delighted to invite you to register with our Auction Passport service, please head to the ‘Online Auctions’ section of the Sheldon Bosley Knight Auction site, select the Lot you are interested in, follow the link to register. Once you have registered, you will be authorised to bid on the Lot, once the auction starts. You will also be able to download the Auction Legal Pack. If you register before the Auction Legal Pack has been completed by the sellers solicitor, you will be automatically notified once it has been uploaded.

If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account. Following your initial registration, you will receive an SMS and email from LexisNexis, a company we use to verify ID and conduct an anti-money laundering check. Please click on the link within the SMS or email and follow the instructions to complete the check.

Legal Documents & Additional Costs

It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.

Viewings

All viewings are by appointment only through the Auction Department.