Flat 7, Courtlands, 29C Clarence Parade, Southsea, PO5

Auction Property

This property is available via online auction. Please visit the Berrys website then click "What We Do" and then "Online Auctions". In order to bid you will need to first register and verify your email then, via the dashboard; - pass an ID check - enter your card details - enter your Solicitor details

Location

The property overlooks Southsea Common and the Sea front in the enviable location of Clarence Parade. Shops, services and amenities are within walking distance.

Description

The property is a two-bedroom second floor flat within a converted period building. The accommodation comprises lounge / diner, kitchen, bathroom and two bedrooms. The flat requires modernisation throughout.

Services

We understand that all mains services are connected however these have not been tested by the agent.

Method of Sale / Tenure

The long leasehold interest is available for sale via Public Online Traditional Auction. The Vendor reserves the right to withdraw or alter the property prior to the auction end date. The bidding page can be found at order to bid, click “Register” and then do the following via the Dashboard; Pass the ID check Enter your payment details Enter your solicitor details.

Auction Legal Pack

This will be available to download from our website Online Auctions (berrys.uk.com) free of charge to those who have registered. It is the Purchaser’s responsibility to make all necessary enquiries prior to the auction and we strongly recommend purchasers instruct a solicitor to assist.

Completion Date

Normally up to 28 days or sooner following exchange of contracts.

Buyer's and Administrative Fees

The successful Purchaser will be required to pay £5,000 on sale. From this a Buyer’s fee of £3,600 inclusive of VAT is retained by Berrys/Bamboo Auctions as a contribution to the online platform costs, and £1,400 forms part of the 10% contract deposit. The purchaser will be required to pay the balance of the 10% contract deposit monies within 24 hours of the auction via their solicitor to the Vendors solicitor. It will be the purchaser’s responsibility to reimburse the vendors costs for the provision of the Legal Pack and the agents additional administration fee as stipulated.

Definition of Auction Guide and Reserve Price

Guide price(s) is an indication of the Seller’s expectations. Reserve price(s) is a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range. Guide prices may change at any time prior to the auction.

Anti-Money Kaundering Act 2007

Under current Money Laundering Regulations 2007 it is a legal requirement for Estate Agents and Solicitors to perform due diligence checks to any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sale site and complete the ID checks. There is no charge for registration.

General Auction Conditions of Sale

1. The highest bidder shall be the purchaser and if any dispute arises between two or more bidders, the Lot or Lots in question shall be put up again at the last undisputed bidding and resold at the Auctioneer's sole discretion. 2. No bidder shall withdraw his bid. 3. All lots shall be taken to with all their faults or misdescriptions if any and the purchase money shall be paid in full at any time during the progress or at the close of the sale, when demanded by the Auctioneers or their clerk. Under no circumstances will any lot be removed from the place of sale without a Delivery Note from the Auctioneers. 4. The risk in the goods shall pass to the Purchaser on the fall of the hammer, but the equitable and beneficial ownership of the goods shall not pass until payment in full to the Auctioneers by the purchaser of all funds due to the vendor has been made. 5. In these conditions of sale, the words "The Goods" shall be deemed to include all manner of things, living or (truncated)