FOR SALE BY MODERN METHOD OF AUCTION: STARTING BID £110,000 PLUS RESERVATION FEE. An opportunity to convert the existing dilapidated property subject to planning permissions and building regulation approval in a mixed use development of ground floor retail properties and first floor offices/residential dwellings with approximately 1775 sq ft net internal space on the ground floor and a further 1030 sq ft on the first floor. The property requires full refurbishment.
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, but grant 28 days to achieve exchange of contracts from the date the buyer?s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. 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 put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal 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 the Lancashire Property Auction powered by Iam-sold Ltd
To view or make a bid contact Kirkham Property or visit www.kirkham-property.co.uk
Through enquiries with the Valuation Office Agency website it is noted that the property attracts a Rateable Value in the 2017 Ratings List of £8,200. Please note the Rateable Value is not what you pay.
For Sale by Auction-T & C Apply
Subject to Undisclosed Reserve Price
Buyers Fees Apply
The Modern Method of Auction
View, Bid, Buy
Online Bidding Available
Fixed Timescales for Exchange and Completion
Strictly by appointment with the agent-Kirkham Property, 509 Middleton Road, Chadderton, Oldham, OL9 9SH. Please call 0161 925 3759 or email email@example.com