You can find the addendum for this month’s auction by taking a look at the link below.
The addendum is where you can find any last minute updates or changes to the lots on offer – it can change at any time, including on auction day itself, so if you’re bidding on Thursday, make sure to regularly check back to stay in the know.
Welcome to our October catalogue
Managing Director & Auctioneer at
SDL Property Auctions
It’s time for us to launch our October National Property Auction catalogue – our tenth catalogue of the year so far. This month we have over 180 lots from across the UK for sale in our live-streamed auction and open to remote bidding on the phone, online and by proxy.
Buyers looking for vacant or tenanted properties, mixed-use or retail units, commercial developments, land or building plots, will find something of interest on auction day: Thursday 26th October.
Our auction kicks off with lot 1: 35 Main Street in Long Eaton. This vacant freehold semi-detached two storey property comprises a shop trading area to the front, with fitted kitchen area to the rear and landing, two storage rooms and a bathroom to the first floor. With a guide price of £50,000-£60,000 (plus fees) we recommend booking a viewing on our website for this property as it has potential for the creation of an HMO or a mixed-use scheme (subject to planning).
Not far away in Derby is the School House Business Centre on London Road, a period detached vacant former school on a 0.45 acre site with substantial accommodation extending to approx. 5,000 sq ft. Formerly let as a business centre with 16 individual suites, the building has 30 parking spaces and offers the potential for alternative commercial or residential conversion.
In the capital, is 2-6 High Street in Colliers Wood, six apartments boasting more than 3,800 sq ft of accommodation. This excellent long term investment opportunity has a guide price of £2,450,000+ (plus fees) and generates a yearly income of £200,000.
7 Church Avenue in Liverpool, located only a short distance from the Aintree racecourse, is a four bedroomed semi-detached house offering lots of potential. This property is full of character and has potential for use as a large family home, flat conversion, or HMO (subject to planning). Potential buyers can book a viewing on our website and/or watch the virtual viewing on the listing.
You can browse all the lots in our October National Property Auction here.
Once you’ve found a lot you’re interested in, it’s easy to book your viewing and download the legal pack directly from the property listing on our website.
If you’d like to register to bid in the auction, all you need to do is fill in our online form and complete a few pre-auction checks. Or you can watch the auction for free and without registering – simply click here or head to the homepage on auction day.
Frequently asked questions
Over the past few months we have naturally received some questions from our bidders about how the buying process works. Largely we are operating as we always have been, we’re simply not able to see you in the auction room when you bid. We’ve put together these frequently asked questions to help guide you through your auction purchase.
A reserve price is the price stated as the lowest acceptable figure by the seller. This figure is confidential between the seller and auctioneer.
No, not always. The guide is an indication given by the auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.
After the auction has ended one of our team will contact you to advise you of the result.
Yes, and these vary depending on the method of sale associated with the property and the country in which you are purchasing. These are listed below – please note the reservation fee does not contribute towards the purchase price. Any further additional costs, which are payable in addition to the purchase price will be included within the Special Conditions that are attached to the Contract. Therefore all prospective purchasers must inspect the legal packs thoroughly. We also strongly advise prospective purchasers to request a legal representative reviews the pack for every lot that you may wish to bid on, so that you are fully aware of any additional costs, if applicable.
Unconditional with Fixed Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1,500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.
Unconditional with Variable Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.
Conditional with Reservation Fee: On the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.
There are a number of options when selling by auction which can include paying no fees at all and having the buyer an additional fee instead.This is often an attractive option when you are selling due to a bereavement or a divorce and you have limited cash prior to the auction to fund the sale. Alternatively as a seller you can pay an initial fee and commission price for the sale of the property, meaning the buyer doesn’t have to pay anything extra, maximising the final sale price of the property
Regardless of which auction route is selected, there are solicitor fees to prepare the legal pack for your property, which typically costs around £350 to £500. After your home is sold, you will also need to instruct a solicitor for the conveyancing of the property, which can cost anywhere from £450 to £750.
Yes, if a reserve price is not met during the bidding process, then the lot will not sell. We continue to market our unsold properties after the auction and if a post-auction sale is agreed it will be carried out under auction conditions.
Bidding registration closes at 5pm the day before the auction.
Registering to bid in one of our National Property Auctions is quick, easy and painless. By completing our online form, you can register for bidding online, on the phone and by proxy, meaning you can bid from the comfort of your own home. There’s no need to wait for the legal pack to be completed before registering, there’s no obligation to bid on the day and there’s no money taken prior to bidding.
SDL Property Auctions celebrates triple shortlisting at the Negotiator Awards
SDL Property Auctions is delighted to announce it has been shortlisted for three categories in the highly acclaimed Negotiator Awards, highlighting its unwavering commitment to excellence in the property auction industry.
The Negotiator Awards, which celebrates excellence within the UK residential and commercial property industry, has shortlisted SDL Property Auctions in the Residential Auction Service, Marketing Campaign and Rising Star of the Year categories. The winners will be announced at the Negotiator Awards gala dinner on Friday 24th November at Grosvenor House Hotel in London.
The Negotiator Awards proudly holds its position as the UK’s foremost independent awards programme, celebrating excellence within the estate and letting agent industry, as well as recognising the contributions of suppliers and the wider residential property sector.
The Negotiator Awards black tie gala dinner and winner’s presentation will be hosted by a top celebrity and attended by 1,000 property professionals from across the UK on Friday 24th November at the iconic Grosvenor House, Park Lane in London.
Remember to tune in!
Our Auction Events are broadcast online, live from our auction studio in Nottingham.
It’s really easy to tune in and watch on the day. The auction begins at 10am and will run throughout the day, with our each of our auctioneers taking to the rostrum. Simply visit our website where you’ll be able find a link to the auction on the day or follow the link below!
Important notice relating to fees, costs and charges payable by the buyer in addition to the purchase price.
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs or reservation fees. All prospective buyers are advised to inspect the legal documents including the contract and special conditions of sale and seek their own independent legal advice as to the full cost of purchasing a specific property.
Homes under the Hammer
If you’re successful in this month’s auction, you could take part!
The hit TV show Homes under the Hammer are always looking for properties to feature in upcoming episodes. If you’re interested in taking part in the programme or would like any information about what is involved in taking part please contact Calum Thomson on 07966 167076 or Alice Williams on 07814 079910 or alternatively click below to contact them via email.
We recommend reading the legal pack prior to the auction, to make sure you’re aware of all the information before bidding.
It’s really important that you take a thorough look through the legal pack for the property you’re interested in buying before placing a bid, as they lots of important information regarding your purchase. We recommend going through the pack with your solicitor prior to the auction.
To view the legal pack, find a property you’re interested in using the list linked below, and select ‘legal pack’ on the right-hand panel.