Penygroes

** For sale by online auction Friday 24th May 2024 ** Pre-Auction offers considered **

NEW GUIDE PRICE - £65,000-£75,000

An opportunity awaits in Penygroes, Carmarthenshire, where land with lapsed planning permission for five dwellings is offered for sale through the traditional method of auction.

Penygroes boasts convenient commuting links and essential amenities, making it an appealing location for potential residents. Here are some key features:

Carmarthen and Llanelli Towns: Easy access to Carmarthen and Llanelli offers diverse opportunities for work, leisure, and services.
M4/A48 Link: The proximity to the M4/A48 link enhances connectivity, facilitating efficient travel to nearby towns and cities.

These amenities create a well-rounded living environment, providing residents with essential services, educational facilities, and recreational spaces. The diverse public transport options further enhance connectivity, making Penygroes an attractive location for both convenience and community living.

Please note, THIS LAND HAS LAPSED PLANNING PERMISSION. SATALITE OUTLINE OF THE PLOT IS APPROXIMATE, PLEASE ENQUIRE FOR FURTHER SPECIFIC DETAILS.

Auction Terms - This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.