FOR SALE BY CONDITIONAL ONLINE AUCTION. In partnership with SDL Auctions
Full terms and conditions are available on the SDL Auctions website. Plas Llwyndu Cottage is a dual purpose style of property. Plas Llwyndu Cottage is a dual purpose style of property. It can be occupied as one whole five bedroom residence or divided into two self contained units. It can be occupied as one whole five bedroom residence or divided into two self contained units. It can be occupied as one whole five bedroom residence or divided into two self contained units. Originally, a former barn conversion offering a sitting room, kitchen and three bedrooms (one en suite ) and bathroom to the lower ground floor. In 2010 a substantial two floor extension was built onto the barn, a very modern contemporary design providing high end accommodation with an open plan lounge/ dining and well equipped rear kitchen with two bedrooms (one en suite, with jet and steam shower) and bathroom to the lower ground floor. Raised Balcony areas to the three sides of this part of the extension. The properties benefit from propane gas fired central heating and under floor heating to the living areas, and solar panels.
Externally there is a court yard area in front of the property and good vehicular parking space for up to five cars. Lovely south facing open countryside views and bordering onto Abersoch golf course. The village amenities are some 0.5 mile away.
The present owner has built up a holiday letting income from one side of the house, with prices ranging from 600 - 1,500 per week.
See Legal Pack
The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our SDL Auctions website.
Online Auction Registration
Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/
This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction Terms and Conditions. Once you have done this you will be able to search, watch lots and download legal documents.
After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.
In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.
Conditional Online Auction Procedure
If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period the sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.
The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of 6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.
We will automatically charge you a minimum fee of 6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.
Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf