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Unsuccessful

Profitable 5 Bedroom(s) Two Freehold House's, Wingate, TS28 5DP County Durham

  • Starting Bid: £89,000.00 GBP
  • 0 Bid(s) Reserve Price Not Met
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Details
  • Area Info Durham/Wingate
  • House Condition Renovated and tenanted
  • Property Type Terraced
  • Completion Location of exchange Keys and contracts United Kingdom & Europe

  • Item # 6674095
  • End Date
  • Start Date
Description

6 and 5a,  Front St, Station Town, Wingate TS28 5DP, UK

Guide Price: £89,000 +

Property Description

Two freehold residential properties which will be sold on one title. 

Both properties are currently occupied making for an excellent investment opportunities.

6: Two reception rooms, kitchen, family bathroom, three bedrooms and a rear garden. This property is achieving £475pcm. 

5a: Two reception rooms, kitchen, family bathroom, two bedrooms and a rear garden. This property is achieving £425pcm. 

Please be aware that the Estate Agent's have not visually inspected this property, all details supplied have been provided by the current vendor. Bidders are advised to make their own enquiries and bid at their own discretion. 

Energy Performance Rating

See Legal Pack

Auctioneers Note

The deposit for exchange of contracts on this property is 5% subject to a minimum of £ 5,000. The completion period for this property is 56 days

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy and from inspection of the legal pack. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property. If the property is currently occupied during the term of the auction but is to be sold with vacant possession, the auctioneer and selling agent take no responsibility if the property is not vacated on or before completion.

 

Details

Unconditional Online Auction Details

If the reserve is met or exceeded when the auction ends, the successful bidder will be charged a 5% deposit (subject to a minimum of £5,000) and exchange of contracts will take place immediately. At this point, you will be legally bound to buy the property for the full purchase price. The deposit will contribute towards the purchase price. The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% + VAT of the purchase price, which is payable at the end of the auction.

Timescale

The completion period for this property is 56 days.

Legal Pack / Auction Pack

Once you have registered your account the legal pack will be available to download. Special conditions may apply. We strongly recommend buyers familiarise themselves with the legal pack prior to bidding and advise for you to clarify any information with your solicitor. If you are not entirely happy with the information in the legal pack our advice is ‘Do Not Bid’. If you do bid, you will be bound by any matters that may arise.

Bidding Terms

Any bid placed within the last 2 minutes will activate the first time extension, back to 2 minutes. When the clock reaches 0 seconds (fall of the hammer), if the reserve is met or exceeded and you are the winning bidder, you will automatically be charged a minimum of the deposit amount and auction administration fee due (using the payment details provided at the registration stage) which includes the deposit and auction administration fee. By placing a bid, you are authorising the auctioneer to sign the contract of sale on your behalf.

Buyer Fees

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded or to find out more about any additional fees associated with this property please contact the auction office

Freeholdinvestment2 Bathrooms5 Bedrooms4 Reception RoomInvestment PropertyRear Garden

Questions & Answers

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