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FOR SALE VIA MODERN AUCTION. We are pleased to offer via auction this pair of Tyneside flats situated on Grey Street, North Shields. The ground floor flat has a lounge, two double bedrooms, a room that would serve as a kitchen and a bathroom/wc. The first floor flat has a lounge, two bedrooms, a room that would serve as a kitchen and a bathroom/wc. Externally there is town gardens to both flats at the front and a yard to the rear. In need of a full refurbishment, this property would make an ideal investment. (Please be aware that due to the level or work required, this property is not suitable for a mortgage).
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.
Fresh Property Centre, 63 Church Way, North Shields, Tyne & Wear, NE29 0AE
Tel: 0191 257 6823 | Email: firstname.lastname@example.org