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" ***EXCELLENT INVESTMENT OPPORTUNITY***FOR SALE BY MODERN METHOD OF AUCTION***SELLING WITH A SITTING TENANT**
For sale by Modern Method of Auction: Starting Bid Price £50,000 plus Reservation Fee. Excellent investment opportunity, SELLING WITH SITTING TENANT
Generating a current rental income of £380 pcm, the property is located in a popular residential area, close to local amenities and transportation links.
The property briefly comprises of lounge, kitchen, two bedrooms and family bathroom.
This property is for sale by iamsold.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be
shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received
by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2%
of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition
to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp
duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the
purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not
tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A
sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make
payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed
they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are
accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of
any referral arrangement and payment prior to any services being taken by you.

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