We hold quarterly property auctions. Selling by auction has many advantages particularly in difficult cases where you have to be seen to achieve the best value for your client in a limited time scale or where the property is unique with many potential uses, development opportunities or structural problems. Unlike an informal tender or sealed bids, at the fall of the gavel there is a binding contract. A deposit of 10% is paid when the buyer signs the Memorandum of Sale and the completion date is specified, thus eliminating any uncertainty and any unforeseen delays associated with a conventional property sale. All entries have an agreed reserve and cannot be sold for less without prior written consent of the seller.
The cost of entering a property into one of our quarterly sales is £250 plus VAT which covers the production of the catalogue and the advertising. The sale commission is 2% plus VAT on completion, whether the property was sold prior to, during or post auction. In addition to the agency fees, the seller is responsible for the cost of the auction legal pack which forms part of the sale documentation in conjunction with the common auction conditions and any special conditions of sale.
For further details contact Chris Leeson
Our property auctions are held quarterly. The next one will be held Monday 11th February 2013 commencing at 11am
3 Bed Semi-Detached Town House
Please read these details in conjunction with the General and Extra Conditions of Sale of the Catalogue.
You are advised to ask the auctioneers for a copy of the Special Conditions of Sale which apply exclusively to this lot
61 Irvine Road, Colchester, Essex
GUIDE PRICE £200,00 - £225,000 FREEHOLD
UPVC Double glazed windows
Off Road Parking
Rear Garden, approximately 75'
Requiring renovation throughout
Potential to extend to side or rear (STPP)
The accomodation and approximate room sizes are as follows:-
UPVC front door leading into entrance hall with under-stair cupboard, radiator and doors to:-
Dining Room 11' x 10' Window to front. Radiator
Lounge 13' x 13'2" Window to front. French doors and side lights to rear. Thermoplastic floor tiles. Radiator.
Kitchen 9'6" x 9' Window to rear. Stainless steel sink with white unit and work surface to side. Thermoplastic floor tiles. Baxi wall mounted gas boiler. Radiator.
Side Lobby With UPVC door part glazed. Thermoplastic floor tiles. Store cupboard.
Toilet With window to rear. High level cistern WC and thermoplastic floor tiles.
Landing and stairs with window to front, loft hatch and doors to:-
Bedroom 10'11" x x10'2" Window to front. Radiator. Exposed floorboards.
Bedroom 9' x 9' Window to rear. Radiator.
Bathroom Window to rear. White suite comprising basin, WC and bath. Radiator.
12'10" max x 13' Window to front and rear. Fitted cupboard. Radiator. Exposed floorbaords.
Small front garden and off road parking. Overgrown rear garden, approximately 75'.