Land for sale

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Land for sale

Land, Sandford Road
£40,000

Our Summary

  • 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 land will not be sold

Description

This property is being sold via an online auction, where bidders can participate in a 3-hour auction on a set date and time chosen by the vendor. The winning bidder, assuming the reserve is met, will be legally bound to exchange on the property and pay a 10% deposit, similar to a traditional auction house sale. Additionally, the winning bidder will be required to pay 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. It is important to review the legal documents prior to bidding and seek legal advice, as the reservation fees are payable in addition to the sale price.
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