Auction
To be sold by online auction on Friday 30th August 2024 with an 8 WEEK EXCHANGE, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Reservation Deposit
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Deposit of £6,000 to the Auctioneer in return for the grant of the Exclusivity Period. The Reservation Deposit forms part of the purchase price for the property.
Exclusivity Period
Exclusivity Period means the period of 56 days from the date the Reservation Deposit is received by the Auctioneer, during which the Buyer and Seller will endeavour to exchange Contracts for the Transaction. Full details and a sample copy of the Reservation Agreement and Terms and Conditions are available in the Legal Pack.
Additional fees
Please ensure that you check the Legal Pack for each lot that you are interested in, prior to bidding. Paid in addition to the purchase price on completion, the Buyer shall reimburse the Seller's solicitors in respect of disbursements incurred in obtaining the Local Search results, Drainage search results and Environmental search results, and the sellers auction fees relating to the sale charged at £6,000 inc VAT.
Sold with tenant in situ on a periodic AST for £465 PCM, gross yield 4.29%. This spacious three bedroom property is ideally located with excellent access to Bolton and the M61. Upon entering the property the entrance hall has stairs rising to the first floor, and access to the reception space.
The large reception space is open plan, with ample space for living and dining, in addition to a kitchen to the rear. The kitchen briefly comprises: selection of wall and base units, sink with drainer, oven with hob and space for appliances. To the rear there is an external courtyard with rear access.
To the first floor, the main bedroom is well proportioned and situated to the rear of the property. To the front are a further two comfortable bedrooms. The bathroom briefly comprises; bath with shower over the top, wash hand basin and WC.
Legal Pack
Legal Pack is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are on the basis of the Reservation Agreement and Terms and Conditions.
EPC rating
D
Tenure
Freehold and leasehold with tenant in situ
Ground rent and service charge
Please see Legal Pack for further details.
Lease
970 years from 1 May 1902
Council tax band
A - Bolton
* 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.
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.
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