****ONLINE AUCTION ENDING AT 1PM ON WEDNESDAY 2nd FEBRUARY.
PLEASE CONTACT AUCTION TEAM TO REGISTER 0191 2128806.
STARTING BIDS £39,950 - FOR BOTH FLATS.
THESE PROPERTIES ARE FOR SALE BY THE MODERN METHOD OF AUCTION *** FOR SALE BY MODERN METHOD OF AUCTION - RESERVATION FEE APPLIES Flat 3A and Flat 4A Vaughan Centre are 2 upper floor flats available to purchase together (both are on individual title deeds with new 999 year leases in place).
These first floor flats offer an investment opportunity to those looking in the Buy To Let Sector.
Located over a the popular local shopping precinct, Vaughan Centre, the apartments offers accommodation that includes: Private entrances that are to the rear of the centre, Lounge, two bedrooms and a bathroom.
999 year lease.
Virtual Tour https://youtu.be/qkST9O8eAd0
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market.
The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed.
Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change.
Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction powered by iam-sold Ltd
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