parties are required to register their interest and provide proof of identity and proof of funds prior to the auction. The buyer will also be required to exchange contracts and make payment of a non-refundable Reservation Fee of 4.2% (inclusive of VAT) of the purchase price within 48 hours of the auction ending. The Reservation Fee is not an additional transaction fee otherwise known as 'completion monies', but a genuine holding deposit. This is why the draft contract will include a clause that the Reservation Fee cannot be claimed back in the event that the Buyer decides not to complete the purchase for reasons not directly the fault of the Seller or their agents. Once the Reservation Fee has been paid, the property is taken off the market and the Seller is not allowed to accept any further offers or attempts to auction the property elsewhere. The Seller will also provide a 12-month warranty against structural defects and will also rectify any defects that may arise as a result of the vendors' occupancy, subject to the terms and conditions of the warranty provided by Iamsold. **General Notes** - **Guide Price** £350,000 - **Viewings** By appointment only through Iamsold Auctions - **Contact** Iamsold Auctions on 0345 450 533 or via email at [email protected] - **Method of Sale** Modern Method of Auction - **Completion** 56 days from the date of exchange - **Tenure** Freehold - **Ground Rent** Vacant Possession - **Council Tax Band** To be assessed upon completion of works - **Energy Performance Certificate** To be provided <>