70 Severus Road, Newcastle upon Tyne, Tyne and Wear, NE4 9HU

  • Unconditional Online Auction Sale

Description

FOR SALE BY ONLINE AUCTION ENDING ON 7TH OCTOBER 2021 AT 12PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.

Superb opportunity for buyers looking to place their own stamp and style upon a spacious GROUND FLOOR flat, with AMPLE OFF STREET PARKING, a GARDEN to the rear complete with a GARAGE which is located at the bottom of the garden. There is also a brick built car pit in front of the garage. Originally constructed as three bedrooms the property now offers two bedrooms and two reception rooms. The flat could be converted back by the new owner to provide three bedrooms and one reception room. A fitted kitchen, wet room and separate wc complete the accommodation on offer. Well placed for access to Newcastle’s West Road, the city centre, road links and transport services.

Timescales

Immediate exchange of contracts. Completion must take place within 28 days.

Buyer Fees

This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £2,400 inc VAT. This does not form part of the purchase price.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,000) which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Legal Pack

A legal pack is available for this property. We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.

More Information

For further information please contact our auction department on 0191 239 0812 or email auctions@sarahmains.com

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.

The auction will continue to run if there is a bid within 10 minutes of the closing time. After 10 minutes without a bid, providing the reserve price has been met, the highest bidder will be successful. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system makes it fairer for all parties involved and prevents last second bidding.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late, and reserves the right to reject any bid without notice.

* Generally speaking 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. Virtually 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.

Minimum Opening Bid

£75,000

Set Bid Amount Below

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Agreement Documents

Legal Documents

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