Lot 44 19 Park Avenue, Derry, BT48 0EH

Property Enquiries

Dominic Smith

dominic.smith@bidx1.com
+44 (0) 7770 754 424

Property Enquiries

Joel Ferree

joel.ferree@bidx1.com
+44 (0) 7732 681 165

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Jonathan Scullion

jscullion@mckees-law.com
+44 (0) 28 9023 2303
Description
Map
Viewings

Addendum
Please note that while the Receiver believes that the Property may be occupied, they have no knowledge of who is in occupation. Prior to placing the Property in auction the Receiver had commenced formal legal proceedings to obtain vacant possession of the Property. The registered owner of the Property had indicated that he was going to defend the action. Please note that the Property is ‘sold as seen’ and the Receivers will not be providing any further information in relation to the occupancy status of the Property. Also, on completion, any proceeding brought by the register owner and/or the occupant(s) will be the sole responsibility of the purchaser.
Property Summary
  • Freehold terraced house
  • Arranged as two x one bedroom self-contained flats (not verified)
  • Subject to occupational tenancies (not verified)
  • Total gross internal floor area 89 sq.m (958 sq.ft)
Tenure

Freehold

Location

Derry / Londonderry is the second largest City in Northern Ireland and currently has a residential population of c. 107,877 and a cross border catchment of 400,000.

The subject property is located on Park Avenue to the North West of the City Centre (c. 2.5 miles away) and in close proximity to Northland Road, one of the main thoroughfares running through the City.  The subject property is situated in close proximity to the Magee Campus of the Ulster University, Brooke Park and Creggan Park.  The immediate area has a number of local shops, services and amenities.

Accommodation

Flat 2: Bedroom, reception room / kitchen, bathroom/wc
Flat 1: Bedroom, reception room / kitchen, bathroom/wc

Please refer to the legal pack regarding the occupational tenancies for further information.

The property has not been inspected by the auctioneers, and prospective purchasers must rely on their own enquiries

Tenancy

We understand that flat 1 is currently tenanted at £350 per month and flat 2 is at £350 per month

Rental Information

Total Current Rent Reserved £8,400 per annum

VAT
VAT Not Applicable.

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


Contact Dominic about this property