We are pleased to offer this excellent investment opportunity in need of a complete renovation. This substantial semi-detached property is situated close to local amenities in a sought-after area in Clydach.
Please be advised that no additional information is available on the property as The Property Auction House are NOT allowed access (see below).
Please be aware that the property is being sold via the Council Enforced Sale Process using Section 103 of the Law of Property Act of 1925.
As such there are NO RIGHTS OF ENTRY and it will NOT be possible to conduct viewings.
We advise all interested parties to conduct their own investigations.
The property is not registered with HM Land Registry, and we are not in possession of any title deeds or documents
AUCTION REGISTRATION IS NOW OPEN.THE BIDDING WILL OPEN ON THE 22RD FEBRUARY 2023 AT MID DAY AND WILL CLOSE ON THE
23RD FEBRUARY 2023 AT MID DAY.
ALL BIDDERS PAY A HOLDING FEE IN ORDER TO BID IN THE ONLINE AUCTION. THE WINNING BIDDER WILL BE REQUIRED TO PAY THE DEPOSIT WHICH IS 10% OF THE FINAL BID AND THEIR HOLDING FEE IS RETAINED BY THE AUCTIONEERS.
IF SOLD PRIOR TO AUCTION NO HOLDING FEE APPLIES BUT A BUYERS’ PREMIUM IS REQUIRED TO EXCHANGE. COMPLETION WILL BE 28 DAYS AFTER EXCHANGE. (UNLESS STATED DIFFERENT ON THE CONTRACT)
It is the responsibility of all purchasers to conduct their own investigation into all aspects of the property, and also seek legal advice. The Legal Pack will be available on our website prior to bidding commencing. Please note legal packs can be downloaded through The Property Auction House website.
PAYMENTSTo bid online you will be required to pay a holding fee this will only be withdrawn from your account should you be the successful bidder. To exchange you will be required to pay a 10% deposit and sign the contract within 24 hours and complete the transaction paying the balance of funds within 28 days, (this timescale may vary always read the contract in the Legal Pack for confirmation).
We always strongly recommend to ensure your finances are in place prior to the auction, due to the timescales involved.
A buyer’s premium fee is only payable should a property be sold pre auction, this fee is 2% subject to a minimum fee of £2250.
THE BIDDING WILL OPEN ON THE 22nd FEBRUARY 2023 AT MIDDAY AND WILL CLOSE ON THE 23rd FEBRUARY 2023 AT MIDDAY
Ideal investment opportunity
Ideal location close to local amenities
* 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.