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7 bedroom house for sale
Princess Road, Poole, Dorset, BH12
£650,000
Princess Road, Poole, Dorset, BH12
£650,000
Our Summary
- ** For Sale By Online Auction** Pre Auction Offers Considered** Guide Price - **£650,000 - £725,000** Five flats situated within a character converted development
- Traditional Terms & Conditions - 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 auction will run for 3 hours on a set date and time chosen by the vendor of the property
- The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- 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
- 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
- Auction Pack Available On Request
- Pre Auction Offers Considered
- Well Progressed But Building Work Required To Finish Development
Description
This property is a unique opportunity to purchase one of five flats within a character converted development. The conversion is well progressed, with some flats nearing completion, and building work will be required to finish the remaining flats and obtain final building regulation sign-off. The property is being sold via online auction, with the auction running for three hours on a set date and time. The winning bidder will be legally bound to exchange on the property, pay a 10% deposit, and complete within 28 days. A non-refundable reservation fee of 3.6% (inclusive of VAT) of the winning bid, subject to a minimum fee of £5,940 inclusive of VAT, will also be payable. It's essential to review the legal documents and seek legal advice before bidding, as the reservation fees are payable in addition to the sale price and may attract stamp duty liability.