School Road, Donnington, Telford, Shropshire, TF2

For sale by Public Auction on Wednesday 25th September 2024 at 18:00, Castle Hall, Bridgenorth Flats 1-4 School Road is a freehold detached building of 4 one bedroom flats, all of which have tenants in situ. The approximate rent per flat is £475.00 per month. The building is located on a good sized plot next to the playing fields in Donnington, there is also development potential subject to usual planning consent. There is also an overage, which needs to be included and this is 20% clawback on any more than 4 dwellings on the Property for a period of 25 years. The ground floor comprises of one, one bed flat and a one and a half bed flat. The larger of the two comprises of a separate kitchen, living/dining room, large master bedroom, single second bedroom/office and bathroom. Next to the flat is a communal storage room with external access. The further three flats are all 1 bedroom flats with a kitchen/living/dining room, bedroom and en-suite. All flats have separate front doors with flats three and four having access out on to the metal walkway around the property. There is ample off road parking available with the property, enough for at least eight cars. Auction Details: Nock Deighton Land and Property Auction Wednesday 25th September 2024 at 6.00pm Castle Hall, Bridgnorth Auction Terms The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not. The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction. Binding contracts of sale will be exchanged at the point of sale. Auction Deposit and Fees The following deposits and non-refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Premium of £1320 inc. VAT There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding. Guide Price & Reserve Price The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition). Directions What3words///starting.remaining.treaties Tenure and Possession The property and land are freehold. Vacant possession will be given upon completion which is normally 20 working days after the auction. Please refer to the Legal Pack for further details. Bidder Registration and Auction Legal Pack If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/ You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you. If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account. Following your initial registration, you will receive an SMS from LexisNexis, a company we use to verify ID and conduct an anti-money laundering check. Please click on the link within the SMS and follow the instructions to complete the check. Legal Documents & Additional Costs It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding. Viewings All viewings are by appointment only through the Auction Department.