For sale via Modern Method of Auction
Important Information for Buyers
The seller may consider pre-auction offers. Any offer accepted prior to the auction end date will be subject to the same auction terms, reservation fee, and conditions as a sale achieved via the auction.
Modern Method of Auction – Buyer Fees & Key Costs
This property is offered for sale via the Modern Method of Auction.
A non-refundable Reservation Fee of 4.5% including VAT of the final purchase price (minimum £6,600 including VAT) is payable by the successful buyer. This fee secures the property exclusively during the Reservation Period.
The Reservation Fee is separate from the purchase price but will be taken into account when calculating Stamp Duty Land Tax (SDLT).
A Buyer Information Pack / Auction Legal Pack is available and must be reviewed prior to bidding or making an offer.
All marketing information, including descriptions, photographs, floor plans, measurements, and adverts, is provided for guidance only. Buyers must not rely on marketing materials and should rely solely on the Auction Legal Pack, which takes absolute precedence.
Buyers are responsible for carrying out their own inspections, searches, enquiries, and due diligence and for taking independent legal and financial advice prior to bidding or making an offer.
By bidding or submitting an offer, the buyer confirms that they have reviewed and deemed the Auction Legal Pack satisfactory. If additional information, consents, or documentation are later required, this shall be the buyer’s responsibility.
Enquiries may be raised prior to bidding; however, responses are provided at the seller’s solicitor’s discretion, may be limited or withheld, and must not be relied upon. Any replies given do not form part of the contract or vary the auction terms.
Buyers must ensure that suitable finance is in place prior to bidding. Failure to obtain finance shall not be grounds for withdrawal, delay, renegotiation, or refund of the Reservation Fee.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.