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Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £82,500

The property is located on Morgan Street in Southwick, Sunderland and comprises of a 4 bed HMO.

Morgan Street offers a convenient location for access to Sunderland City Centre, local shops, amenities and good transport links.

Internally the property briefly comprises of: Entrance Hall, Room 1, Room 2, Kitchen, First Floor, Bathroom, Room 3, Room. Externally there is a side yard.

Auctioneers Additional Comments 

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and  are referred to below as 'The Auctioneer'. 

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction  terms and overseen by the auctioneer in partnership with the marketing agent. 

The property is available to be viewed strictly by appointment only via the Marketing Agent or The  Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. 

Please be aware that any enquiry, bid or viewing of the subject property will require your details being  shared between both any marketing agent and The Auctioneer in order that all matters can be dealt  with effectively. 

The property is being sold via a transparent online auction.  

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will  be required to adhere to a verification of identity process in accordance with Anti Money Laundering  procedures. Bids can be submitted at any time and from anywhere.  

Our verification process is in place to ensure that AML procedure are carried out in accordance with  the law. 

A Legal Pack associated with this particular property is available to view upon request and contains  details relevant to the legal documentation enabling all interested parties to make an informed  decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding  with any property and/or Land Title purchase. 

Auctioneers Additional Comments 

In order to secure the property and ensure commitment from the seller, upon exchange of contracts  the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the  purchase price of the property. The deposit will be a contribution to the purchase price. A non refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also  required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed  purchase price and consideration should be made by the purchaser in relation to any Stamp Duty  Land Tax liability associated with overall purchase costs.