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76 Oak Avenue, Bare, Morecambe, Lancashire LA4 6HY

Lot no: 27 Sold Prior to Auction
 

Guide Price £105,000+ plus fees

Conditional with Reservation FeeOn 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.

Monday 26th March 2018

6.30pm
Key Features
  • Two Bedroom Semi Detached Bungalow
  • In Need of Renovation
  • Fantastic Opportunity
  • Detached Garage
  • EPC Rating: E
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Sold Prior to Auction

Bungalow

Property Description:

Oak Avenue Bare is situated in a level area of similar properties. Bare is a popular choice for many as it is the quieter residential part of Morecambe. A short drive will take you to the train station or the bustling parade of shops in Princess Crescent or perhaps Happy Mount Park and the Golf Club. The Promenade is close by too, offering delightful views and walks of Morecambe Bay.

Brief Description
This two bedroom bungalow is in need of modernisation, however we believe it would make the perfect down size or investment. This character bungalow has two double bedrooms, living room, kitchen, bathroom, rear garden, driveway and also a front garden.

Living Accommodation
With a large living room and kitchen these rooms are a perfect size for a couple downsizing. The living room and kitchen are very bright and welcoming, the rear kitchen is not overlooked to the rear as there is not property behind.

Bedrooms & Bathroom
This bungalow has two double bedrooms along with a shower room.

Outside
The rear garden is very private and enclosed it is also flagged, the front is gravelled for easy maintenance. There is also a good size drive way leading to a detached garage.

Tenure:

See Legal Pack. Vacant possession upon completion.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.