- For sale by TRADITIONAL AUCTION +
- Auction held at The Graeme Hick Pavilion, Worcestershire County Cricket Club, New Road, Worcester, WR2 4RL +
- Auction start time: 14:00 +
- To complete within 28 days from auction date. +
- Two bedrooms +
- First floor flat +
- Current Rent = £700 PCM +
- Lease = 66 Years Remaining +
- Service Charge = £1139.18 per annum +
For sale by auction held at The Graeme Hick Pavilion, Worcestershire County Cricket Club, New Road, Worcester, WR2 4RL. Wednesday 5th March Auction start time: 14:00.
An exciting opportunity to buy a two-bedroom flat in a convenient WR4 location. The property features living area kitchen, two bedrooms and bathroom.
The flat currently has a lease of 66 years with it being sold with tenants in situ and paying £700 PCM
BUYER’S PREMIUM
Please be aware all purchasers are subject to a 1.5% + VAT (1.8% inc VAT) min fee of £3000 + VAT (£3600 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.
GUIDE PRICE
The guide price is an estimate of the seller's minimum acceptable price at auction. It helps potential buyers decide whether to pursue a purchase. Typically, a provisional reserve price range is agreed upon between the seller and auctioneer at the start of marketing. Since the reserve price isn't fixed and can be adjusted up until the auction day, the guide price is issued. It may be presented as a price range or a single figure within 10% of the final reserve price. The guide price is different from the reserve price and can change up to the auction day.
RESERVE PRICE
The reserve price is the minimum amount the seller is willing to accept at auction. It is confidential between the seller and auctioneer and represents the lowest price at which the property can be sold. Like the guide price, the reserve price can be adjusted up until the auction day.
REGISTRATION PROCESS
The registration process is extremely simple – visit the Hills website and click on the “Register to Bid” button at the top of the home page.
Please note this function is not available on Rightmove or On The Market.
Stage 1 – Complete the Online Bidding Form
Stage 2 – Upload your certified ID
Stage 3 – Register your Solicitors
Stage 4 – Invitation to Bid
Stage 5 – Pay your security deposit (£5000)
You are now ready to bid!
For successful bidders, the buyer’s premium (1.8% including VAT, with a minimum of £3,600 including VAT) will be deducted from the £5,000 security deposit, along with an administration fee of 1.5% of the purchase price.
The 10% deposit must be paid by your solicitor to the seller’s solicitor within 24–48 hours, depending on the terms specified in the contract for that particular lot.
SURVEYS AND VALUATIONS
If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction, please instruct your appointed surveyor to contact Hills and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hills office in Worcester City Centre.
AUCTION FINANCE & BRIDGING LOANS
Some properties may require specialist auction finance- please contact Hills for access to expert advice and whole of market rates from our independent brokers.
AUCTION PROPERTY DETAILS DISCLAIMER
Hills Estate Agents endeavor to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All Hills references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.
