Flat
A two bedroomed ground floor flat located in the village of Seaton Delaval, close to the coastal town of Whitley Bay.
The Auctioneers have not inspected the property internally but believe it to comprise two bedrooms, a bathroom, a living room and a kitchen. Externally, there is a yard to the rear.
The property is sold as seen. All services/appliances have not and will not be tested. We are informed that there may be Artex asbestos in the bathroom ceiling but this has not been confirmed, access to the bathroom on viewings will not be possible. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
NOTE: Bidders will be required to pay a £5,000 deposit prior to auction before being authorised to bid. Payments will be returned to any unsuccessful bidders following the auction.
999 years from 15 April 1988. Ground Rent: Peppercorn. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Vacant possession upon completion.
962
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers 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.
