FOR SALE BY AUCTION 29th May 10 am.

Description

Looking for your next property development or hoping to add another property to your portfolio? Check out our latest new listing:

- 77 Sherlock Lane, CH44 5TF: 1/2 bed house currently rented at £360 PCM with potential for £600 PCM
- 79 Sherlock Lane, CH44 5TF: 1 bed flat currently vacant with potential for £500 PCM
- 59 Limekiln Lane, CH44 5SS: 1 bed flat currently rented at £320 PCM with potential for £500 PCM
- 59a Limekiln Lane, CH44 5SS: 1 bed flat currently rented at £320 PCM with potential for £500 PCM
- 59b Limekiln Lane, CH44 5SS: 1 bed flat currently vacant with potential for £500 PCM
- 59c Limekiln Lane, CH44 5SS: 1 bed flat currently vacant with potential for £500 PCM

This property is currently generating £1,000 PCM but has the potential to increase to £3,100 PCM by renting out the vacant properties and increasing the current rents. This means any new buyer could potentially achieve over 22% yield based on the guide price.

This investment is located close to the largest and most exciting regeneration project in the UK, Wirral Waters, providing ample opportunity for any potential buyer.

Information from The Auction Company

Please note that all marketing including property description and imagery is for illustration purposes only and must not be relied upon. The Auction Company strongly recommends interested parties arrange an in-person viewing (strictly by appointment only) to fully appreciate all the property has to offer and to satisfy your own requirements.

Method of Auction:

- This is a ‘Timed Online’ auction, meaning bidding takes place online.
- Visit The Auction Company website find the property details and the bidding method.
- How long the bidding process is open for, is clearly stated as is the closing date and end time.

Registering to bid:

- In order to bid on the property, you are required to register your details.
- You will be required to undertake identity checks as this is the law.
- You will be required to register your payment details. This is to ensure you have funds available to settle the Buyer’s Premium and deposit.
- A hold/shadow will be placed on £1,000 for this.
- If you place a bid, it is deemed you have read, understood and agree to the Terms and Conditions of The Auction Company in their entirety.
- T&Cs, Buyers Terms and Special Auction Conditions are found on each property details. You must read these before bidding.

Auction type - Traditional Method of Auction (Unconditional):

- If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end and complete with 28 days.
- The held amount of £1,000 will be deducted from your account and forms the Buyer’s Premium minimum amount.
- You will be contacted within 24 hours to settle the deposit amount payable and any remaining Buyers Premium due.
- The Buyer’s Premium is set at 4% + VAT (£5,000 + VAT minimum). This is non-refundable and does not constitute towards the cost of the property.
- The deposit amount is 10% of the sale price and will be collected within 24 hours of the close of auction.

Legal Pack:

- The legal pack is a set of documents that relate to the property and the sale of it.
- It is highly recommended that you download and consider the provided legal pack for the property you are interested in bidding on.
- It is also advisable that you seek legal advice regarding the content of the legal pack, to ensure certainty before bidding.
- To download the legal pack, search for The Auction Company website and find the property of interest. There is a tab for ‘legals’ where you will find the documents. To download, you must create a free account with The Auction Passport.
- The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

Special Conditions of Sale:

- These conditions are not set by The Auction Company. They are conditions stipulated by the seller and are contractually binding.
- You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.