Old Street, Ludlow, Shropshire, SY8

For Sale By Public Auction - 12th June 2024 starting at 6pm, doors open at 5pm. Venue is the Castle Hall, West Castle Street, Bridgnorth. Auction Terms This property is offered through a traditional auction. Should you view, offer or bid your data will be shared with the Auctioneer, Sheldon Bosley Knight Limited. The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor's Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. Please contact either Nock Deighton or the Sheldon Bosley Knight auction department for details on how to register to bid. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not. The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction. Binding contracts of sale will be exchanged at the point of sale. Auction Deposit and Fees The following deposits and non-refundable auctioneer's fee apply: 10% deposit (subject to a minimum of £5,000) Buyer's Premium of £1320 inc. VAT There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Guide Price & Reserve Price The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition). Plans Plans shown are for identification purposes only. Tenure and Possession The property and land are freehold. Vacant possession will be given upon completion which is normally 20 working days after the auction (please refer to the Legal Pack for further details). Bidder Registration and Auction Legal Pack If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/ You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you. If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side 'Click here to sign up for free' to create a new account. Following your initial registration, you will receive an SMS from LexisNexis, a company we use to verify ID and conduct an anti-money laundering check. Please click on the link within the SMS and follow the instructions to complete the check. Legal Documents & Additional Costs It is essential bidders check the legal documents prior to bidding and take professional advice. Special conditions of sale can contain additional costs (that is costs over and above the price the lot is 'knocked down' at) and bidders are deemed to be aware of any additional costs prior to bidding. Located on Old Street this property occupies a great position in Ludlow just a short walk from the Town. The market town of Ludlow has an abundance of independent shops and eateries, plus hosts nationally acclaimed food festivals, which ensures a bright and vibrant local community. Ludlow is rich in history and period architecture with a large volume of listed dwellings, including the famous Feathers Hotel which has recently been refurbished. Ludlow also is known for its practical amenities including supermarkets, train station, leisure centre, doctor's surgeries and a local produce weekly market. There are some highly rated restaurants within easy reach, and a good selection of cafés, bistros, and inns. Here is a period town property which could be an ideal investment property or could alternatively be a family home. The property can be accessed via two doors, one leading into the entrance hall and the other leading down the side of the property and into the kitchen. The ground floor comprises of two reception rooms, both benefitting from period features such as fireplaces, high ceilings and large sash windows. The kitchen is well appointed with floor units, space for a dining table and door leading into the utility. Stairs rise up to the first floor comprising of 2 spacious double bedrooms with ample space for storage and a family bathroom. The family bathroom is well appointed with bath with shower over, WC and wash hand basin. Outside the property features a small patio area with steps leading up to the garden which is paved with raised flower beds and a couple of sheds. Buyers Compliance Administration Fee: In accordance with The Money Laundering Regulations 2007, Agents are required to carry out due diligence on all Clients to confirm their identity, including eventual buyers of a property. The Agents use electronic verification system to verify Clients’ identity. This is not a credit check so will have no effect on credit history though may check details you supply against any particulars on any database to which they have access. By placing an offer on a property, you agree that if your offer is accepted, subject to contract, we as Agents for the seller can complete this check for a fee of £60 inc VAT (£50 + VAT) per property transaction, non-refundable under any circumstance. A record of the search will be retained by the Agents.