2 bedroom property for sale in Bacup

To be sold via online auction on Wednesday 18th September. The auction will run for 30 minutes. Register to bid today.

Please note that the Auction will be an online auction with remote bidding. You must pre register to bid. Reservation Fee Applies.

All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

For further information including viewing times and legal packs please visit enquire today.

This is fantastic renovation project located on Rochdale Road, Bacup. If a big renovation project excites you then this is the property for you. Two back to back terraces located on a commercial row of properties to the front and houses to the rear. The front was operating as a hair salon to the ground floor premises and also has a first and second level. The rear is an unaltered terrace laid out of three levels.

Disclaimer

For sale by Unconditional Online Auction.

Terms
Auction Method:
The auction for this property will be conducted online through our online-bidding platform. This is a `Timed Auction`, so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed online.
Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to Buyers Terms (England & Wales) which are available upon request.

Auction type - Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the Auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.

Auction Fees
The following non-refundable fees apply:
Buyer`s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including ?250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over ?250,000
The Buyer`s Fee is subject always to a minimum of ?6,000 (including VAT). The Buyer`s Fee does not contribute to the purchase price.

Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of ?5,000. The deposit contributes towards the purchase price.

Payment Method
When you register to bid, you will be prompted to provide your payment details to Auction company. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer`s Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of ?150,000, but the actual purchase price is ?170,000. At this point your bid is successful you will be charged as follows:
Buyer`s Fee of ?7,200- 4.8% of guide price
Deposit of ?7,500- 5% of the guide price
As the actual purchase price amounted to ?170,000, after the auction, you will be required to pay the f