5/6/2023 0 Comments Property evaluator definition![]() ![]() These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The property is sold subject to any Special Conditions of Sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. An addendum may be issued outlining any late changes. 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. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents. The legal pack can be viewed against the property details, where there is a sub-heading "Legal Packs". The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate. This is the collection of legal documents that apply to the sale. If we cannot make contact with you within 24 hours after the auction ends, we reserve the right to charge your card if you do not respond to this email.īefore bidding, you must view the legal pack for the property. In this case, you will be contacted by one of our representatives to make payment. Payment will only be taken from you in the event of a winning bid. Your card details will be stored on their secure online payment platform. Prior to the auction, we will email you to register your card details with our third-party provider, Stripe. We do not accept payment by cash or cheque. The deposit contributes towards the purchase price.Īpplicable fees/deposit must be paid immediately after a winning bid has been placed. On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. SDL Property Auctions has limited control over the content of the Special Conditions of Sale. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. You must read the Special Conditions carefully before bidding. ![]() There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the legal pack. The Buyer's Fee does not contribute to the purchase price. The Buyer's Fee is subject always to a minimum of £6,000 (including VAT). (b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000 (a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000 This is calculated as a percentage of the actual purchase price of the property. Buyer's Fee- payable on exchange of contracts. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise. You must then pay the applicable fees and deposit. 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. When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales).Īuction Type - Unconditional with Variable Fee: If you do not provide this information, your registration will not be processed. You must also provide your payment details. You are required to undertake identity checks before you can be authorised to bid. The auction date applicable for the property is 25th August 2022 It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold. The auction can be watched in real-time on the auction date on our home page: Bids must be placed remotely- please see the below section on "Registration Process". ![]() The property will be sold alongside several other lots. The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The entrance to Tilehurst rail station is just a few meters away. The plot is situated on the North East side of Oxford Road opposite it's junction with Carlisle Road. The property comprises an overgrown, predominantly rectangular shaped plot of land measuring approximately 0.335 acres. Ideal for property developers or self-build property owners. Suitable for a variety of uses (subject to obtaining all necessary planning consents). A well located plot of land in a popular residential area in Reading, measuring approximately 0.335 Acres. ![]()
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