For Sale by Online Auction - Marcombe Road is a ground floor garden apartment located in the popular area of Chelston. The accommodation consists of: lounge/diner, kitchen, double bedroom and bathroom. Double glazing, gas central heating. Spacious basement, off road parking and garden.
Offered for sale by traditional auction. Auction bidding will commence at Midday on Tuesday 14 November 2023 and will conclude at Midday on Thursday 16 November 2023.
Taylors Estate Agents of Union Street, Torquay we will be conducting viewings of the property. Please contact their offices on 01803 201904 to book your viewing.
Agent Notes:
Local search awaited and to follow.
Taylors Estates offer this property for sale by online auction through Hammertime Property Auctions Ltd. This auction will be carried out under the traditional (also referred to as unconditional) method of auction. If you wish to register an interest in this property please visit https://hammertime-property-auctions.eigonlineauctions.com/ and follow the link for current properties where you will be able to register for the auction, view auction terms and conditions and download the legal pack. Full guides to buying and selling at auction are also available. Hammertime Property Auctions is an innovative auction platform that allows for you to register and bid on properties from the comfort of your home rather than having to travel to an auction in person.
On the fall of the hammer you agree to exchange contracts on the property and you will need to pay a 10% deposit (of the final purchase price) and also the auctioneers fees of 1.5%+vat of the purchase price, (subject to a minimum of £2,500 plus vat). An automated payment of £7,500 will be deducted from your nominated card on completion of the auction and you will receive a memorandum of sale straight after the auction which will itemise payments required for exchange and completion. Attached to the memorandum of sale will be an exclusivity agreement that you will be required to digitally sign that will commence the legal purchase process. We advise you access all of the legal paperwork in advance for your solicitor to check over. You may need to pre-arrange your finances, please ensure to do so prior to bidding. To make the auction fair to everyone, virtual bidding is carried out online and the bidding window is open for 48 hours so you have plenty of time to secure the property. Register your details on the live auctions page and to access the bidding portal and download legal documents.
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
