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3 & 3a Lane Bottom, Rochdale, Greater Manchester OL16 3TD

Lot no: 131a Sold Prior to Auction
 

Guide Price in excess of £169,000 plus fees

ConditionalOn the fall of the hammer, the successful bidder will enter into a reservation agreement with the seller. This agreement confers an exclusivity period of 60-days on the successful bidder, in which to exchange contracts and complete the purchase. The non-refundable Reservation Fee will be payable to us immediately on the fall of the hammer, the amount of which will be stated on the property description. This fee does not contribute to the purchase price. The deposit will be payable later on exchange of contracts via your solicitor. You must make every effort to exchange contracts of sale and complete the purchase within the 60-day exclusivity period, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 6th September 2018

10.30am
Key Features
  • End Terrace
  • Mid Terrace
  • Situated in a Quiet Hamlet
  • Each Set Over Three Floors
  • EPC Rating:
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Sold Prior to Auction

Residential Development

Property Description:

We are pleased to offer for sale these Two End of Terrace and Mid Terrace properties situated in a quiet hamlet comprising of a handful of properties and a country pub. The properties are unfinished and require completion offering the buyer the ability to put their own stamp on them. Both are set over three floors, windows and staircases have been installed, however internal walls, fixtures and fittings will be required. We are informed that the utilities are also in place. There is potential to complete and sell on, or to perhaps rent out. Alternatively the buyer may wish to live in one and rent or sell the other. The homes are situated conveniently within reach for local schools, bus routes, shops, Newhey Metro Link station and motorway links (M62).
The property is offered CHAIN FREE and is available for viewing.
This property is being sold as Conditional with a Reservation Fee.

Viewings

Pearson Ferrier - 01706 671 434

IN PARTNERSHIP WITH
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.