33-33a, Kidderminster, DY102EN

This auction has ended!
Sold at Public Auction
   
Final Bid:
£107,500.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

The property is situated in a well-established area of Kidderminster, close to local amenities and within walking distance of Kidderminster town centre.

This area is about to undergo major regeneration with the construction of a new relief road / access to Kidderminster Ring road and creating a one way system down Blackwell Street and access to the major new residential area of Churchfields with enhancements to the public domain.

The property comprises a substantial two storey building to the front with significant out buildings and rear courtyard.

PLANNING

The property has existing use for residential and retail purposes. Building Regulation approval will be required and any interested parties should rely on their own investigations with the local planning authority

Wyre Forest District Council

Wyre Forest House

Fine Point Way

Kidderminster DY11 7WF

TENURE

We understand the property is freehold and free of any onerous conditions. (We recommend prospective Purchasers instruct Solicitors to undertake the necessary searches and due diligence)

Starting Bid and Reserve Price

*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 Unconditional Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.

On exchange of contracts, the buyer is required to make a payment of a 10% deposit, sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to the agreed purchase price and is 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.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.

Walton & Hipkiss

Local Branch: Hagley Road, Stourbridge, DY8 1QH
Head Office: Hagley Road, Stourbridge , DY8 1QH

Fees & Charges Explained

33-33a, Kidderminster, DY102EN

This property is sold unconditionally with the successful purchaser required to place a 10% non refundable deposit and exchange immediately after the auction.

A reservation fee of 4.2% to minimum of £6,000.00 including VAT is also required under this method.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Traditional Method of Auction, which requires immediate exchange of contracts and allows a further 28 days for completion.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

Public Auctions

Any deposit, reservation deposit or reservation fee outlined above, is required to be paid immediately by the successful bidder on fall of the hammer and in cleared funds.

We accept Bank Draft made out to "iamsold", or debit or credit card or any mix of these.

If paying by debit or credit card, please call your bank ahead of the auction to ensure that there will be no difficulty with payment or card limits.

Buyers Information Pack

If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

 

Need More Information?

For further information or to speak to one of our team, please call 0121 366 0539.

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. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.