Plot of Land Adjoining 35, Pen Y Lan Penclawdd, Swansea, SA4 3LL
For Sale
£70,000
5th Of March 2025
Brief Description
FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 5TH OF MARCH 2025 AT 3PM IN THE SWANSEA.COM STADIUM.
REGISTRATION NOW OPEN!
https://passport.eigroup.co.uk...
An opportunity to acquire a Freehold self-build plot for which Outline Consent has been granted for the construction of a detached dormer bungalow.
Outline consent has been granted by Swansea City Council which can be viewed online www.swansea.gov.uk. planning application no. 2022/2427/OUT or alternatively, contact our offices.
Please note there is an overage clause added into the draft TR5, Please find further information regarding the clause in the legal pack avalible.
Link To Access The Legal Pack - https://auctioneertemplates.ei...
Full Description
Further Information -
As a prospective bidder, it's crucial to understand and adhere to the following key points regarding the auction process:
1. Due Diligence: You are responsible for thoroughly investigating all aspects of the property you intend to bid on. This includes scrutinising the legal pack, which is available upon request from Dawsons Auction House. Make sure to assess property conditions, legal title, and any potential obligations or restrictions.
2. Legal Advice: Seeking legal advice before participating in the auction is highly recommended. This can help clarify any questions or concerns you may have regarding the property or the bidding process.
3. Contractual Obligations: If you are the successful bidder, you will be legally bound to exchange contracts immediately. This requires you to pay a deposit of 10% of the purchase price. Additionally, you will need to pay a buyer's premium of £2,400, which includes VAT. Be prepared to make these payments on the auction day itself, as they are pivotal in securing your purchase.
4. Completion Timeline: The completion of the purchase must occur within 28 days, unless the contract specifies otherwise. Thus, having your finances ready and approved prior to the auction is essential to meet this timeline without complications.
5. Fees: It’s important to note that the buyer’s premium of £2,400 (inclusive of VAT) applies even if the property sells before the auction event.
By ensuring you are well-informed and prepared, you can navigate the auction process more effectively.