DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £125,000 plus reservation fee.

The property extends to 1.48 hectares (3.66 acres) and consists of 1.43 hectares (3.53 acres) of grassland with a range of redundant buildings along with a further parcel of 0.05 hectares (0.13 acres) of grassland to the east. The land is described as Grade 2 on the Ministry of Agriculture Land Classification Sheet. The soil is classified as the Blacktoft series which is described as being deep stoneless permeable calcareous fine and coarse silty soils, flat land, groundwater controlled by ditches and pumps.

BUILDING DESCRIPTION
The buildings comprise a brick-built two storey barn (17.40m2), a brick and corrugated steel building (161.39 m2) and a small brick-built store (11.01m2). Access to the buildings is via a track along the southern boundary.
TENURE & POSSESSION
The property is freehold and vacant possession will be given upon completion.
LOCATION
The property is located west of the River Trent, approximately three miles south east of Luddington and seven miles north west of Scunthorpe. Whilst travelling westbound on the A18 from Scunthorpe, cross Gunness Bridge then take the first right onto the B1392, continue north to Amcotts. At the pub go straight onto Trentside Road, follow this road until you reach the land.

This property is for sale by DDM Property Auction powered by iam-sold Ltd.

Auctioneer Comments -
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements -
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

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