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0.18 ACRES LAND WITH POTENTIAL
For Sale by Traditional Auction
Auction Online Bidding Opens 11th December
Auction Online Bidding Closes 18th December
Freehold with Vacant Possession
A gated plot of land currently accessed via a residential cul-de-sac situated on Loats Lane in North Bersted. The site is considered to offer development potential for one or two dwellings, subject to all necessary planning permissions and consents.
It is further understood that an alternative access point may be achievable from Greystone Avenue, also subject to obtaining the relevant approvals.
The property will be sold with vacant possession on completion.
Auction
To be sold by Traditional Auction (Online).
Registration
All potential buyers are required to register to be able to bid, please visit our website to set-up an online auction account.
Tenure
Freehold with vacant possession
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor and available to download. You are advised to complete your own due diligence before bidding.
Additional fees
A buyers charge of £1,250 plus VAT is payable to the Auctioneer on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £5,000 (which forms part of the deposit) and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot.
*Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the “Guide Range” or no more than 10% above a “Single Figure Guide”.
