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Tollgate, Maerdy, Corwen LL21 0NP

Timed Auction
 

Guide Price £88,000+ plus fees

Unconditional with Variable FeeOn 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.
Timed Auction

Saturday 1st January 4000

12.00am
Key Features
  • Grade II Listed former Tollgate Cottage set within large gardens
  • In need of some repair and with scope for extension
  • Side entrance with store
  • Double glazed windows and oil heating
  • Large lawn gardens with driveway and detached garage
  • Living room, kitchen, two bedrooms and bathroom
  • Workshop and stores
  • Rural setting about 1 mile from Rhug Farm Shop
  • About 1.5 miles West of Corwen
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Cottage

Property Description:

An attractive two bedroom Grade II Listed former tollgate standing in mature grounds of approximately 0.23 acres in a predominately rural setting with far reaching views to the front over the A5 and to the rear over rolling farmland.

The property being a former tollgate stands to one side of the A5 trunk road approximately a quarter of a mile from the centre of Maerdy.

The property stands within grounds of approximately 0.23 acres with entrance off an adopted and minor lane which leads from the A5 across to the A494 near Glanravon. There is a five bar gate leading into a driveway providing space for parking 2 or 3 vehicles and access to the detached garage. The gardens are mainly to either side of the bungalow being mainly lawned with established hedges in the main. A pathway leads down from the garage and the entrance gates to the rear of the Tollgate where the main entrance is and with pathway around leading to either side. Beyond steps lead up to the far garden where there is a very useful outbuilding providing a workshop/log store and a fuel store with a modern Titan oil storage tank. There is a further flagged area adjoining.

Tenure:

Freehold. Vacant possession upon completion.



Auction Details

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).

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 fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 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.