Studio apartment for sale

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Studio apartment for sale

Princess Road, Poole, Dorset, BH12
£650,000

Our Summary

  • Traditional T&C'sThis 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 Date - Tuesday 15th July 2025
  • Auction Pack Available On Request
  • Well progressed but building work required to finish development

Description

This property is being sold through an online auction, where bidders can participate in a 3-hour bidding period on a set date and time. The winning bidder, assuming the reserve price is met, will be legally bound to complete the sale within 28 days and pay a 10% deposit. Additionally, a non-refundable reservation fee of 3.6% of the winning bid, subject to a minimum fee of £5,940, will be payable. It is essential to review the legal documents and seek advice before bidding, as the fees paid to the auctioneer may be considered part of the chargeable consideration and may attract stamp duty liability. Bidders will need to register and complete identity checks to participate in the auction.