Flat 3/2 5 Wallace Street, Port Glasgow, PA14 5RA
- One bedroomed flat
- In need of complete modernisation and improvement
- EPC Rating: G
This property remains available and open to offers following the auction on Thursday 25th March 2021.
Please contact the auctioneers on for further details.
One bedroomed purpose built flat
One bedroomed purpose built flat in need of complete modernisation and improvement. Port Glasgow is located on the south side of the Firth of Clyde, approx. 4 miles from Greenock and approx. 20 miles from Glasgow. The town offers a range of local facilities including, shopping, schooling, sporting and public transport services (buses and trains).
The auctioneers have not inspected the property but believe them to comprise:
Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
See Legal Pack
To book a viewing, please contact SDL Auctions to arrange.
This auction is for property located in Scotland; therefore, any sale will be governed by applicable Scottish law.
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 property will be sold alongside several other lots. Bids must be placed remotely.
The auction date applicable for the property is displayed underneath the property description. 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.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Auctions’ Buyers Terms (Scotland) which are available on SDL Auctions website.
Auction type - Unconditional with Fixed Fee
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. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the legal pack state otherwise.
The following non-refundable fees apply:
• Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the legal pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to them. SDL Auctions has limited control over the content of the Special Conditions of Sale.
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Applicable fees must be paid immediately after a winning bid has been placed. SDL Auctions do not accept payment by cash or cheque. Prior to the auction, they will email you to register your card details with their third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by one of SDL Auctions’ representatives to make payment. If they cannot make contact with you within 24 hours after the auction ends, SDL Auctions reserve the right to charge your card.
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Auctions website by searching for the property. On the property details page, there is a sub-heading "Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
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. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
A home report will be provided for residential properties and will give you a better understanding of the nature and condition of the property. The home report will contain: a survey assessing the condition of the home and valuation, an energy report, and property questionnaire.
The home report can be viewed alongside the legal pack on SDL Auctions’ website. Search for the property and click onto the property details, there is a sub-heading "Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
Articles of Roup
The Articles of Roup are the general terms of sale for properties sold at auction in Scotland that will govern this transaction. They are available to view on SDL Auctions website.
The Auction Conditions listed on the website do not apply to properties sold under any of the Scottish sale methods.
To register to bid on the property, visit the SDL Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Flat 3/2 5 Wallace Street, Port Glasgow, PA14 5RA
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Port Glasgow Station0.3 miles
- Woodhall Station1.1 miles
- Bogston Station1.2 miles
About the agent
SDL Property Auctions - Auction Events, Nationwide
155 Great Charles Street Queensway Birmingham B3 3LP
SDL Property Auctions is the UK’s most successful live streamed auctioneer, selling hundreds of lots every month in our National Property Auctions and daily Timed Auctions.
At SDL Property Auctions we pride ourselves on being national auctioneers with a personal service, delighting our customers with great results every single month.
We sell a wide range of residential and commercial properties for both private individuals and corporate clients ranging from investment properties,
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Disclaimer - Property reference sdl_national_1474198_20821. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Property Auctions - Auction Events, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Nationwide on 0800 046 5454.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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