PROPERTY AUCTION CATALOGUE - Pennycuick Collins · city football club since 1906 and is a...

w w w . p e n n y c u i c k . c o . u k

P R O P E R T Y A U C T I O N C A T A L O G U E

day one, London TUeSDAy 3 MArch 2015 at 2:00 pm

GrOSveNOr hOUSe hOTeL , 86-90 pArK LANe, LONDON W1K 7TN

day two, birmingham WeDNeSDAy 11 MArch 2015 at 11:00 am

The LeGeNDS LOUNGe, BIrMINGhAM cITy fOOTBALL cLUB, ST ANDreW’S STADIUM, BIrMINGhAM B9 4Nh

PCC_Cover_MAR 15.indd 3 06/02/2015 11:59

E DG

WA

R E ROA

D

NEW

BO

ND

S TR

E E T

Heathrow Expressat Paddington Station3/4 mile

PA

RK

ST

RE

ET

U P P E R G R O S V E N O R S T

U P P E R B R O O K S T

G R E E N S T

W O O D S M E W S

C U L R O S S S T

grosvenor house hoteL 86-90 pArK LANe. LONDON W1K 7TN

Grosvenor house hotel is located in central London’s elegant Mayfair district, on world-famous park Lane overlooking hyde park.This 5-star hotel was first opened in 1929. It was meticulously restored to the highest standard before reopening as a JW Marriott hotel in 2008, and retains many historic features.

DirectionsThe hotel is approximately Midway between Marble Arch & hyde park corner. The main entrance, however is on park Street (between upper Grosvenor Street and Mount Street) which runs parallel to park Lane in a one way direction towards Oxford Street.

nearest tube station: Marble Arch

www.marriott.co.uk

venue LoCations

birmingham City footbaLL CLub ST ANDreW’S STADIUM, BIrMINGhAM B9 4Nh

Birmingham city football club is located just outside the city centre and just off the A4540 Inner circle ring road.St Andrews Stadium has been the home of Birmingham city football club since 1906 and is a well-known Birmingham landmark. The Legends Lounge is a smart and comfortable venue and has been home to our auction saleroom since 2004.

DirectionsBirmingham city football club is located a mile and a half from Birmingham city centre and is easily accessible from all major road routes and motorway networks. There is ample free parking in the club’s car park right outside the main entrance.

nearest train stations: Birmingham New Street / Birmingham Moor Street

www.bcfc.com

For more information on either auction date/venue, please contact us:

T 0121 665 4150 | E [email protected] w w. p e n n y c u i c k . c o . u k


1

w w w . n e t w o r k a u c t i o n s . c o . u k

introducing tHE Auction tEAM

Toby Limbrick [email protected]

Penny Nichol [email protected]

Stuart Tullah [email protected]

Richard Worrall [email protected]

Guy Charrison [email protected]

Sam Moxon [email protected]

Stuart Elliott [email protected]

Mark Limebear [email protected]

JOIN US BEFORE THE AUCTION!

Tuesday 3rd March 2015, 12.30 – 13.30grosvenor House, 86-90 Park Lane, London, W1K 7tn

You are invited to join us for an informative and topical seminar prior to the London Auction. From April 2015 the rules that govern personal pension pots will disappear and savers over the age of 55 will be free to do what they want with their savings. This seminar will outline the facts surrounding those changes and address matters of interest to anyone considering investing cash, finance or pension funds in property.

Our expert presenter is Ray Boulger and the seminar will be hosted by Guy Charrison of Network Auctions. Ray Boulger will also take questions from the floor, a unique opportunity for investors to get straight talking advice from one of the leading lights in the industry.

Ray is well known for his extensive PR work with broadcast and print journalists, including frequent TV and radio interviews on topical mortgage and housing related issues for various broadcasters, including the BBC, Sky, ITN, Channel 4, CNBC and LBC.

He is also invited to Regular meetings with the Bank of England and Government to discuss the mortgage and/or housing markets and advises John Charcol staff as necessary on the macro economic environment, specifically on the interest rate and economic outlook.

ray Boulger Senior Technical Manager John Charcol

JOIN US BEFORE THE AUCTION!

March 2015, 12.30 – 13.30rosvenor House, 86-90 Park Lane, London, W1K 7tn

ray Boulger

FREE

PRE-AUCTION

SEMINAR

Emma [email protected]

Mike Day [email protected]

2

ordEr oF SALE

Lot AddrESS Lot AddrESS

1 186-188 Warley Hill, Warley, Brentwood, Essex CM14 5HF

2 1 Church Street, Paignton, Devon TQ3 3AF

3 66 Oriel Road, Daventry, Northamptonshire NN11 4SP

4 16 Fisher Street, Paignton, Devon TQ4 5EL

5 30 Avenue Road, Chadwell Heath, Romford, Essex RM6 4JF

6 20A Middle Street, Worcester, Worcestershire WR1 1NQ

7 4 Wellswood Heights, Higher Erith Road, Torquay, Devon TQ1 2NH

8 Flats 1-8, 1 St Augustine Road, Littlehampton, West Sussex BN17 5NG

9 37 Drew Street, Brixham, Devon TQ5 9LA

10 Flats 1-32 St Georges Court, Bellrock Close, Torquay, Devon TQ2 8SD

11 53 Pentland Road, Worthing, West Sussex BN13 2PR

12 12 Pritchard Avenue, Liverpool, Merseyside L21 1EJ

13 Land at The Friars, King’s Lynn, Norfolk PE30 5AH

14 Flat B, 148 High Street, London NW10 4SP

15 62-70 Victoria Street, Paignton, Devon TQ4 5DS

16 2-8 Wills Street, Lozells, Birmingham, West Midlands B19 1PP

17 6 Sutton Square, Minworth, Sutton Coldfield, West Midlands B76 9DN

18 26-28 Bromham Road, Bedford, Bedfordshire MK40 2QD

19 7 Church Street, Paignton, Devon TQ3 3AF

20 33 Church Street, Paignton, Devon TQ3 3AJ

21 Barlands, Rectory Road, Dolton, Devon EX19 8QL

22 59 Morris Lane, St Thomas, Swansea, West Glamorgan SA1 8BE

23 73 Quarry View, Camp Hill, Newport, Isle of Wight PO30 5PJ

24 50E Chaucer Road, Bedford, Bedfordshire MK40 2AP

25 3 Aylett Close, Brading, Sandown, Isle of Wight PO36 0AP

26 36 Church Street, Paignton, Devon TQ3 3AH



29 209B Shenley Road, Borehamwood, Hertfordshire WD6 1AT

30 5 Hale Way, Shoeburyness, Southend on Sea, Essex SS3 9GB

31 25 High Street, Hemel Hempstead, Hertfordshire HP1 3AA

32 51 Mayflower Street, Plymouth, Devon PL1 1QL

33 21 Nelson Crescent, Ryde, Isle of Wight PO33 3QN

34 11 Weldon Close, Ruislip, Middlesex HA4 6RA

35 Hyde Corner, 60-62 Torquay Road and 2-6 Hyde Road, Paignton, Devon TQ3 3AA

36 Land to the south side of Station Road, Bramley, Guildford, Surrey GU5 0DP

37 Flats 1-8 Maple Court, Sands Road, Paignton, Devon TQ4 5AS

38 227 and 227A Mary Vale Road, Birmingham, West Midlands B30 2DL

39 112 West Street, Farnham, Surrey GU9 7HH

40 Land to the rear of 129–145 Broad Oak Way, Stevenage, Hertfordshire SG2 8RG

41 Land adj to Staines Rugby Club, Snakey Lane, Feltham, Middlesex TW13 7NB

42 Church Cottage, Cheriton Fitzpaine, Crediton, Devon, EX17 4JG

43 101 Arden Road, Smethwick, West Midlands B67 6EW

44 218 Alvechurch Road, West Heath, Birmingham B31 3PS

45 16 Burton Road, Dudley, West Midlands DY1 3TB

46 256 Great Lister Street, Birmingham B7 4DA

47 207 Warstock Lane, Kings Heath, Birmingham B14 4BB

48 44 Silver Birch Road, Kingshurst, Birmingham B37 6AA

49 Land at Reservoir Retreat, Off Reservoir Road, Edgbaston, Birmingham B16 9EH

50 37 Reginald Road, Alum Rock, Birmingham B8 1LS

51 39 Reginald Road, Alum Rock, Birmingham B8 1LS

52 208 Halesowen Road, Old Hill, Cradley Heath, West Midlands B64 6HN

53 Land & Garages off Trinity Street, Old Hill, Cradley Heath, West Midlands B64 6HT

54 17 Willes Road, Leamington Spa, Warwickshire CV32 4PP

55 2 Dalton Lodge, Styvechale Avenue, Coventry, West Midlands CV5 6DW

56 Flat 11 Blossomfield Court, Blossomfield Close, Kings Norton, Birmingham B38 8NE

57 8 Kingswood Road, Moseley, Birmingham B13 9AL

58 Apartment 49 St. Cecilias, Okement Drive, Wednesfield, Wolverhampton, West Midlands WV11 1XD

59 161 Ross, Rowley Regis, West Midlands B65 8BS

60 Garages at George Chetwood Court, Dawley, Telford, Shropshire TF4 2QS

61 115 Birkenshaw Road, Great Barr, Birmingham B44 8UN

62 225 Merritts Brook Lane, Northfield, Birmingham B31 1UJ

3


iMPortAnt notES For Auction BiddErS

These notes and the Conditions of Sale of each lot are available at the auctioneers’ office. Prospective buyers and their legal advisors should read them carefully. Both the auctioneers and their seller clients have taken all reasonable steps to ensure that the properties in this catalogue are fairly described and that every opportunity has been given to enable prospective buyers to make the necessary enquiries and investigations prior to the auction. Details of the seller’s solicitors are available upon request.

deposit:At auction the fall of the gavel creates a binding contract and we, as auctioneers, immediately require a deposit of 10% of the purchase price (subject to a minimum of £2,500). This deposit can be paid by cheque, banker’s draft or debit card. Payments by credit card or cash cannot be accepted

telephone, Proxy and internet Bidding:We are pleased to be able to offer remote bidding to anyone who is unable to attend the saleroom. Remote bidding can be by telephone, proxy and at our London saleroom by internet. Please download and complete the remote bidding form that is available on our website. Please note this form must be delivered to our office no later than twenty four hours prior to the auction and must be accompanied by identification documents, the 10% deposit and the auctioneers’ administration fee.

Prior Sales & Withdrawn Lots:Prospective buyers should contact us prior to the auction to confirm whether a lot has been sold or withdrawn. We and our clients shall not be responsible for any losses or abortive costs incurred by prospective buyers against lots that are withdrawn or sold prior to the auction.

definition of ‘guide Price’ & ‘reserve Price’:A guide price is an indication of the seller’s current minimum acceptable sale price. The guide price, or range of guide prices, is given to assist interested parties in deciding whether or not to pursue their interest. It is usual, but not always the case, that a provisional reserve price is set by the seller prior to the catalogue being published. As the reserve price may not be fixed at this stage, and can be adjusted by the seller at any time prior to auction, a guide price is published. This guide price can be

shown as a range of prices above which the reserve price will not be set, or as a single figure within 10% of which the reserve price will be set. Both the guide price and reserve price can be subject to change at any time prior to the auction commencing.

A reserve price is the minimum price at which the seller allows the auctioneers to sell the lot at. It remains confidential between the seller and the auctioneers.

Particulars of Sale:Bidders should check the particulars relating to any lot for which they intend to bid and ensure that they are satisfied with the accuracy of all measurements, areas, details, leases and other matters referred to in the particulars of the lot or the conditions of sale and all other matters subject to which the properties are sold or have the benefit of. Bidders should check that any contents, fixtures or fittings described as included in the sale and are the property of the seller. This should be done by inspecting the property and by making the necessary enquiries with the auctioneers, the seller or the sellers’ solicitors. Bidders should make all necessary searches and enquiries of appropriate bodies including local authorities and service providers. All measurements and areas referred to in the particulars are approximate. Bidders will be considered to have inspected the relevant property and have made all necessary and appropriate enquiries and searches.

Sale of Property & completion:Bidders should note that a legally enforceable contract of sale of the relevant property on the terms set out in these notices and the general and special conditions of sale is created as soon as it has been ‘knocked down’ to the bidder by the auctioneer. Completion is required twenty working days after the auction date, unless specified otherwise.

Administration charge:An administration charge of £750 + vat applies to each lot. This is paid by the buyer in the saleroom immediately after the lot has been ‘knocked down’. In the event of non-payment of the administration charge a deduction of £750 + vat will be made from the buyer’s deposit and this will need to be ‘made up’ by the buyer prior to completion.

Legal documents & Additional costs: It is essential that 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 that the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.

rents, information regarding tenants & Price Estimates:Any estimates provided by the auctioneers regarding the price at which a property may be sold cannot be accepted by a buyer as advice or any form of valuation. Any estimates or suggestions given by the auctioneers regarding current or future rental prices must not be relied upon as a valuation, but merely as estimates for guidance purpose only.

Addendum & Auctioneer’s Announcements:Amendments to the catalogue particulars or conditions of sale (addendum) will be displayed in the saleroom and will be read by the Auctioneer at the commencement of the auction. Addendum form part of the contract of sale and the addendum sheet may have to be signed by the buyer. Bidders are deemed to be aware of any addendum and any other announcements made by the Auctioneer, and bid subject to these. It is important therefore to arrive at the saleroom prior to the commencement of the auction.

Internet Viewing - Additional Auction Service - Internet Viewing

The Essential Information Group Ltd Tel: 0870 112 30 40

Visit www.eigroup.co.uk and select ‘Online Auctions’.Choose the auction and then ‘Viewing Gallery’.You will then see details of the lot being offered and canwatch the bidding as it happens.It is not possible to bid using this service.

NA_EiG Internet Viewing_NA_EiG Internet Viewing 31/05/2011 17:09 Page 1

4

idEntiFicAtion docuMEntS

PrE-Auction oFFErS

cAtALoguE MAiLing LiSt

Important NoticeMoney Laundering Regulations 2003 came into effect on the 1st March 2004.

As a requirement under this legislation, any person buying or bidding at auction, MUST produce documentation to confirm their name and residential address. Please find below a schedule of acceptable documentation.

You must provide one document from each list.

Please note that a driving licence can be used as evidence for one or the other BUT NOT BOTH.

identity documents

• Current signed Passport

• Current full UK Photo Card Driving Licence

• Current full UK Driving Licence (old version) (Provisional driving licence will not be accepted)

• Resident Permit issued by the Home Office to EU Nationals

• Inland Revenue Tax Notification

• Firearms Certificate

Evidence of Address

• Local Authority tax bill (current year)

• A utility bill issued within the last 3 months

• Current full UK Driving Licence (old version) (Provisional driving licence will not be accepted)

• Bank Building Society or Credit Union Statement

• Most recent original mortgage statement from a UK lender

Pre-auction offers must be submitted in writing to the Auctioneers’ office by letter or e.mail, including name, address, telephone number and details of solicitors. Any pre-auction offer received is assumed to be a ‘best offer’ and no guarantee is given that there will be an opportunity to increase or review the offer should it not be accepted or should a better offer be received. Pre-auction offers can only be considered on the basis of an exchange of contracts prior to auction with a 10% deposit and payment of the auctioneers’ administration fee. If an offer is accepted the lot will not be withdrawn from the catalogue or advertising programme until exchange of contracts has taken place.

Printed CataloguesPrinted catalogues are available for each auction. We charge £15.00 plus VAT for a 12 month subscription, catalogues are sent by first class post.

to join the mailing list please complete the attached form and return it to us with your cheque for £18.00 made payable to network Auctions Ltd.

EmailEmail subscribers receive every catalogue, notification of changes to price guides and details of properties that may be available prior to or outside auction. This service is free of charge, register at www.networkauctions.co.uk

WebsiteA PDF of the catalogue can be downloaded in full from the Network Auctions website approximately 3 weeks prior to the auction. This service is free of charge.

title (Mr / Mrs / Ms) .......................................................................................................

First name .................................................................................................................

Surname .....................................................................................................................

Address .....................................................................................................................

.....................................................................................................................................

tel no. ........................................................................................................................

Mobile ........................................................................................................................

133 The Parade, Watford, Hertfordshire WD17 1NA

A freehold investment comprising 2 x shops, 3x 1 bedroom flats (held on long leases) withparking spaces and a detached business unitwith development potential.Description/Location:The property is situated in a predominantly residential area, BrentwoodStation 0.5 miles. Flats 1 & 3 are held on leases for 99 years from24/06/1992 producing rising ground rents of £50 pa each. Flat 2 is heldon a lease expiring 23/06/2181 with no ground rent payable. Shop 186is let on FRI terms until 31/08/2021, the current rent is £5200 paincreasing to £6000 pa on 31/08/2015 with a review on 31/08/2019.Shop 188 is let on FRI terms until 31/12/2021, the current rent is £6000pa with reviews on 01/01/2017 and 01/01/2021. The business unit is letproducing £6350 pa, the lease is periodic.We are advised by the seller that the current service charges (inclusiveof insurance) for each of the flats is £925 pa and the business unit£490 pa, equivalent to £3265 pa.We believe the business unit has potential for residential development,the site may be suitable for a detached bungalow subject to planningconsent.

To View:Please contact Balgores Hayes on 01277 216800.

Local Authority:Brentwood Borough Council01277 312500 www.brentwood.gov.uk

Note: In accordance with section 5b of the Landlord and Tenant Act1987 notices have been served on the lessees and they have notreserved their rights of first refusal.

LOT

1BRENTWOOD186-188 WARLEY HILL, WARLEY, ESSEX, CM14 5HF

GUIDE PRICE:£225,000+Current Rent Reserved: £17,650 paplus service charge

5GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE

A 2 storey freehold building occupying aprominent corner site comprising a ground floorcommercial unit (872 sq ft, source EPC) with aself contained 2 bedroom flat above (613 sq ft,source EPC), let.Description/Location:The property is situated at the junction of Church Street, Torquay Roadand Hyde Road. The commercial unit enjoys a prominent return frontagein a busy trading position. The flat is let separately to the shop on anAST from 12/1/2014 now periodic, current rent £607 pcm. Commercialunit let at £654 pcm from 1/11/2014 for 6 months reverting to a monthlyrolling contract at term.

Accommodation:Ground Floor: Commercial unit with return frontage.First Floor: 2 Bedroom self contained apartment.Energy Ratings: Ground Floor D/91, First Floor F/137.

Tenure:Freehold

To View:Please contact Charles Darrow on 01626 330022

Local Authority:Torbay Council01803 201201 www.torbay.gov.uk

LOT

2PAIGNTON1 CHURCH STREET, DEVON, TQ3 3AF

GUIDE PRICE:£125,000+Current Rental Value: £15,132 pa

6GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUEGUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE

A modern 2 bedroom terrace house withdriveway and garden, vacant.Description/Location:Situated in a cul-de-sac on the popular Stefen Hill development on thefringes of Daventry town centre. The property is presented in goodorder and would suit an owner occupier or buy to let investor, weestimate the current rental value is in the region of £550 pcm.

Accommodation:Ground Floor:Entrance hall, sitting room, kitchen/breakfast room.First Floor:Landing, 2 double bedrooms, bathroom.Outside:Front garden with driveway, rear garden.

Tenure:Freehold: vacant possession.

To View:Please contact Underwoods Town & County on 01604 232400.

Local Authority:Daventry District Council01327 871100 www.daventrydc.gov.uk

LOT

3DAVENTRY66 ORIEL ROAD, NORTHAMPTONSHIRE, NN11 4SP

GUIDE PRICE:£99,000+Estimated Rental Value: £6600 pa


A freehold site of 0.15 acres comprising anattractive period house arranged as 2 x 1bedroom, 1 x 2 bedroom and 1 x 3 bedroomself contained flats with a plot to the rear withdevelopment potential.Description/Location:The property is situated in a popular residential location, PaigntonStation 0.3 miles. The flats are let producing a current rent of £29,904pa and are arranged across the ground, first and second floors of thehouse, the loft void is vacant and provides potential for furtheraccommodation subject to planning. There is a garden to the rear ofthe property and beyond that is a vacant site with potential to buildnew dwellings subject to planning.

Tenure:Freehold



Floor Accommodation Current Rent Start date and term of lease

Ground 1 bed flat £520 pcm 27/1/2014, periodic


First 2 bed flat £715 pcm 9/7/2012, periodic

Second 3 bed flat £650 pcm 11/1/2013, periodic

Equivalent to £29,904pa

LOT

4PAIGNTON16 FISHER STREET, DEVON, TQ4 5EL

GUIDE PRICE:£300,000 - £325,000Current Rental Value: £29,904 pa


LOT

5ROMFORD30 AVENUE ROAD, CHADWELL HEATH, ESSEX, RM6 4JF

GUIDE PRICE:£140,000+Estimated Rental Value : £12,000 pa

By order of the mortgagees in possession

A 2 bedroom top floor flat forming part ofa modern purpose built block, vacantDescription/Location:Situated in the sought after Chadwell Heath district,Goodmayes station 0.4 miles. The flat requires some cosmeticrefurbishment.

Accommodation:Second Floor: Front door to entrance hall, living room, kitchen,2 bedrooms, bathroom.Outside: Communal gardens, parking for residents and guests.

Tenure:Leasehold - 99 years from 29th September 1987

To View:Please contact Network Auctions on 020 7871 0420

Local Authority:London Borough of Havering01708 434343 www.havering.gov.uk

LOT

6WORCESTER20A MIDDLE STREET, WORCESTERSHIRE, WR1 1NQ

GUIDE PRICE:£39,000+Estimated Rental Value: £4,500 pa

A top floor studio flat (387 sq ft, sourceEPC) ideally situated in the Arboretumdistrict on the edge of the city centre,vacant.Description/Location:The flat is situated on the second floor with far reaching viewsacross the city to the front and rear. Situated in an establishedresidential district and ideal for rental investment with access tothe city centre amenities and Worcester Foregate Street Station0.2 miles.

Accommodation:Ground Floor: Communal front entrance and stairs to secondfloor.Second Floor: Front door to kitchen/dining room, inner hallway,studio room, bathroom.Outside: Unreserved parking area to the rear.

Tenure:Leasehold for 99 years from 1984. Ground rent £30 pa.

To View:Please contact Elliott Network Auctions on 020 7871 0420

Local Authority:Worcester City Council01905 722233 www.worcester.gov.uk


A spacious 2 bedroom ground floor garden flat(764 sq ft, source EPC) with a conservatoryand garage.Description/Location:The property is situated in a small block of just 4 apartments inelevated position with views across the surrounding area, Torquaytown centre and Quayside are nearby. The property would make anideal buy to let investment, we estimate the current rental value is £700pcm. The single garage is adjacent to the block and has a useful storeroom below and the private sun terrace provides an attractive outdoorspace.

Accommodation:Ground Floor: Entrance hall, living room, fitted kitchen, bathroom,separate wc, 2 bedrooms, conservatory, garage.Outside: Single garage with store room below, private sun terrace.

Tenure:Leasehold - Lease 999 years from 1972.

To View:Please contact Torquay Real Estates on 01803 327287


LOT

7TORQUAY4 WELLSWOOD HEIGHTS, HIGHER ERITH ROAD, DEVON,TQ1 2NH

GUIDE PRICE:£80,000 - £90,000Estimated Rental Value: £8,400 pa


An attractive 3 storey freehold buildingcomprising 8 self contained flats (4 x 1 bed, 4 xstudio), all let on AST's producing £40,236 pa.Description/Location:Situated at the end of an attractive terrace of substantial Victorianproperties in a popular residential area adjacent to the sea front,Littlehampton Station 0.7 miles. An ideal, high yielding investmentopportunity with the option to break up and sell off individual flats forprofit.

Floor Flat Accommodation Rent

Ground Flat 1 Studio flat £350 pcm

Ground Flat 2 Studio flat with own entrance £390 pcm

Ground Flat 3 1 bed flat with garden £520 pcm

First Flat 4 1 bed flat £435 pcm

First Flat 5 Studio flat £390 pcm

First Flat 6 1 bed flat £475 pcm

Second Flat 7 1 bed flat £435 pcm

Second Flat 8 Studio flat £358 pcm


Local Authority:Arun District Council01903 737500 www.arun.gov.uk

LOT

8LITTLEHAMPTONFLATS 1-8, 1 ST. AUGUSTINE ROAD, WEST SUSSEX,BN17 5NG

GUIDE PRICE:£425,000+Current Rental Income: £40,236 pa


Call us free on 0800 779 7097Bank House, 8 Cherry Street, Birmingham, B2 5AL

T 0121 233 1188 W

Auction funding with fast turnaround

Residential, semi-commercial, commercial, land - all considered

Renovation and refurbishment funding available

Up to 12 months facilities

Borrow from £26,000 up to £5,000,000

Speak with the decision makers for speedy decisions

Each case considered on its own merits

Lending throughout England and Wales

Rates from 0.74%pmü

ü

ü

ü

ü

ü

Speedy, personal service

We underwrite on day one

No rigid tick-box processes

Common sense view on each proposition

Knowledgeable team

We talk your language

Not all lenders are the same. GREENFIELDCAPITAL , Proud to be different.

Principal Lenders for auction funding

Visit our stand

at the auction!

A freehold building comprising ground floorcommercial unit and 7 flats (6 x 1 bedroom, 1 xstudio). The property is refurbished to 2ndphase fixings with some works required tocomplete the project.Description/Location:Situated in a residential area with strong demand for rentalaccommodation. We are advised that the side elevation was let as anadvertising hoarding at £40 per week.

Tenure:Freehold


Floor Accommodation Estimated Rental Value

Ground Shop £65 p/w

Ground 1 bed flat £110 p/w

First 1 bed flat £120 p/w


Ground Separate 1 bed flat £100 p/w

Ground mid/rear 1 bed flat £120 p/w

First Studio £120 p/w


Advertising hoarding External £40 p/w

Equivalent to£915 p/w/£47,580 pa

LOT

9BRIXHAM37 DREW STREET, DEVON, TQ5 9LA



A freehold site of 0.82 acres comprising a block of 32 self contained flats arranged as 1 x 3bedroom, 2 x 1 bedroom, 1 x 2 bedroom and 28 x studio flats, 19 let - 13 vacant.Description/Location:The site was built in 1979 and was originally designed to provide sheltered housing for the elderly. The seller has advised that all the flats haverecently had new bathrooms installed and some have new kitchens. The building has been rewired and re-plumbed and a new fire alarm systeminstalled within the last 4 years.In addition to the current accommodation there is a vacant unit with potential for conversion to a further flat and an area of land at the rear of thesite that may be suitable for further development subject to planning.

Schedule of Tenancies Term of Lease Current RentFlat 3 16/01/2013, periodic £564 pcm

Flat 4 22/07/2013, periodic £477 pcm




Flat 10 7/10/2013 £477 pcm








Flat 25 29/8/2014 - 28/2/2015 £477 pcm




The Keep £600 pcm

Drawbridge 31/1/2014, periodic £607 pcm

Equivalent to £114,408 pa

Tenure:Freehold

Local Authority:Torbay Council

LOT

10TORQUAYFLATS 1 - 32 ST. GEORGES COURT, BELLROCK CLOSE, DEVON,TQ2 8SD

GUIDE PRICE:£1.25m+Current Rental Value: £114,408 paPotential Rental Value: £188,768 pa


TORQUAYFLATS 1 - 32 ST. GEORGES COURT, BELLROCK CLOSE, DEVON,TQ2 8SD

Schedule of Vacant Flats Term of Lease Estimated Rent ValueFlat 1 Vacant £110 p/w

Flat 2 Vacant £110 p/w













To view:Charles Darrow View01803 201201 www.torbay.gov.uk


FACT FILE - LIFE TEnAnCy InvEsTmEnTs

Love investing in property but bored of buy-to-let? With the UK economy back on its feet and the housing market booming, there’s never been a better time to invest in bricks and mortar, especially for pension provision.

For many individuals purchasing a traditional buy-to-let property has been the investment of choice but for years some of the largest financial institutions and listed property companies have been choosing a different yet equally simple, straightforward and high yielding investment path – Life Tenancy Investments.

Life Tenancy Investments have long been the preserve of institutions such as Grainger PLC (the largest owner of residential property in the UK), William Pears, Mountview Estates and Santander but now this attractive opportunity is available to the everyday property investor.

What is a Life Tenancy Investment?Life Tenancy Investments offer a simple and straightforward way to invest for your and your family’s future and are a viable alternative to buy-to-let investments.

In return for the freehold or leasehold interest in their property being sold to an investor the occupier receive a lease for their lifetime with no rent payable. The occupier maintains and insures the building. The property then fully reverts to the investor on death or moving to long term care.

What makes a Life Tenancy Investment an attractive property investment?The investor has the opportunity to purchase a property for a fraction of its current open market vacant possession value offering superb potential for capital growth, especially in a rising market. The investment will have a Life Tenant in residence at completion that will remain in the property until they either die or move into full time residential care.

How does it work in practice?A Life Tenancy Investment is made available to investors at a substantial discount to the open market vacant possession value. Investors are able to purchase the property and will be the named owners on the title deeds, the ownership is subject to the lifetime lease granted to the Life Tenant.

The property continues to be occupied by the Life Tenant who is aged 60 years or over. The lifetime lease entitles them to live in the property rent free until they either die or permanently move into long term care. When the Life Tenant vacates the property permanently, the Life Tenancy ends and the investor gains vacant possession at which point they are free to sell the property and realise their investment.

The investor is entitled to all the sale proceeds unless the Life Tenant has retained a percentage of the property value in which case the investor will send the Life Tenant’s proportion of the proceeds to them once the sale completes. If the Life Tenant has retained a percentage this is reflected in the investor’s purchase price of the investment.

What are the Investor’s main legal obligations?To allow the life tenants to live peacefully and quietly in the property for the rest of their lifetime rent free.

What are the Life Tenant’s main legal obligations?During the Life Tenants occupation, they repair and maintain the property and are responsible for all associated expenditure including maintenance and repairs, utility bills, council tax and any service charges or ground rent (if applicable). They are also required to inform the investor if they are going to be away from the property for more than 1 month.

What happens when the Life Tenant vacates the property?At the point the Life Tenant vacates the property permanently the property is the investors’ to do with as they wish. They can choose one of the following options:

• Sell the property and realise their investment with potential substantial capital growth

• Rent out the property and enjoy the monthly income obtaining a high return on capital as the property was purchased at a Life Tenant price

• Move into the property and live there

• Early exit opportunity – Lease can be resold to an alternative investor at an earlier stage if required

Guy Charrison, Director of network Auctions has personally invested in Life Tenancy Investments for over 20 years“ They are easy to manage as the occupier maintains and insures the building and are an ideal investment for you, your children or grandchildren. Historically these Life Tenancy Leases have offered a fantastic return on initial investment – they certainly have for me! The investment is growing in value due to the increasing age of the Life Tenant in addition to any capital growth – the ‘double line’ growth opportunity. Ideally, to maximise profit, Life Tenancy Investment should be purchased as medium/longer term investments but I also am aware from first-hand experience that investor’s needs may change over the years and there can be a requirement to realise the investment before the Life Tenant permanently vacates hence Leases can be resold to an alternative investor at an earlier stage if required.”

For further information please contact Guy Charrison on 020 7871 0420 or email [email protected]

16

NA_Lot Section_MAR 15_v4.indd 8 10/02/2015 14:35

LOT

11WORTHING53 PENTLAND ROAD, WEST SUSSEX, BN13 2PR

GUIDE PRICE:£75,000+

A lifetime tenancy investmentDescription/Location:A 3 bedroom end terrace house. We are selling a 100% intereston a life tenancy basis, the current tenants are a male aged 62and a female aged 63. We believe the current vacantpossession value to be in the region of £218,000.

Accommodation:Ground Floor: Entrance hall, living/dining room, kitchen, sunroom.First Floor: Landing, 3 bedrooms, bathroom.Outside: Front garden with parking for 2/3 cars, rear garden.

Tenure:Freehold

Enquiries:Please contact Elliott Network Auctions on 020 7871 0420

Local Authority:Worthing Borough Council01903 221062 www.adur-worthing.gov.uk

EXTERNAL VIEWING ONLY

LOT

12LIVERPOOL12 PRITCHARD AVENUE, MERSEYSIDE, L21 1EJ


A lifetime tenancy investmentDescription/Location:A refurbished and well presented 3 bedroom semi detachedhouse with gardens. We are selling 100% interest on a lifetenancy basis, the tenant is a male aged 69. We believe thecurrent vacant possession value to be in the region of£132,500.

Accommodation:Ground Floor: Entrance hall, living room/dining room, kitchen.First Floor: Landing, 3 bedrooms, bathroom.Outside: Gardens front and rear.Energy Rating: E/49.

Tenure:Freehold


Local Authority:Liverpool City Council0151 233 3000 www.liverpool.gov.uk



We offer a tailored mortgage broking service like no other

Book an appointment with one of our helpful mortgage experts

John Charcol is the UK’s leading independent mortgage adviser.

We have been successfully helping our clients with residential and commercial property finance for over 40 years.

We have built our reputation on market expertise that we believe is second to none.

john-charcol /johncharcol @JohnCharcol

0844 346 3650 [email protected] www.charcol.co.uk

John Charcol is a trading style of Towergate Financial (West) Ltd, which is authorised and regulated by the Financial Conduct Authority; our registration number is 147692.John Charcol Associates LLP is an appointed representative of Towergate Financial (West) Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered office: Towergate House, Eclipse Park, Sittingbourne Road, Maidstone, Kent ME14 3EN. Registered in England No: 02292688. The FCA does not regulate some investment mortgage contracts. For our fee information please visit www.charcol.co.ukCALLS MAY BE RECORDED FOR MONITORING AND TRAINING PURPOSES. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

LOT

13KING'S LYNNLAND AT, THE FRIARS, NORFOLK, PE30 5AH


A freehold site of approx. 0.23 acrescomprising a number of plotsDescription/Location:Situated to the south of the town centre and south west ofWhitefriars Road. The site as a whole was granted planningpermission for 20 houses by Kings Lynn & West NorfolkCouncil on 2nd January 2007 (planning ref no. 06/02684/FM).

A compulsory purchase order (CPO) was placed on the site aspart of the proposed Marina development in Kings Lynn. TheCPO was subsequently withdrawn in 2009 as the councildecided to put the marina development on hold.The site was sub divided into numerous plots of whichapproximately two thirds have been sold and it is the remainderof the site comprising approx. 0.23 acres which is beingoffered.

Tenure:Freehold


Local Authority:Borough Council of Kings Lynn and West Norfolk01553 616200 www.west-norfolk.gov.uk

LOT

14LONDONFLAT B, 148 HIGH STREET, HARLESDEN, NW10 4SP


A 2 bedroom first floor flat let on aperiodic AST producing £15,080 pa.possession.Description/Location:Ideally situated close to the local amenities on Harlesden HighStreet while Willesden Green is easily accessible, WillesdenGreen tube 0.2 miles. The flat is let on an AST producing £290per week, the tenancy is periodic.

Accommodation:First Floor: Entrance, living room and kitchen, 2 bedrooms,bathroom.

To View:Please contact Queens Park Network Auctions on 0207 3725950

Local Authority:Brent Council020 8937 1234 www.brent.gov.uk


A landmark freehold building occupying a prime town centre site opposite Paignton Station. Theproperty is let with one shop vacant, potential for further development of the roof space and avacant maisonette to the rear.Description/Location:Ideally situated in a prime town centre trading position, nearby operators include Ladbrookes, Santander, Superdrug and Sports Direct. The vacantshop has potential for retail or alternative commercial uses subject to planning, estimated rental value £20,000 pa. The night club has recently beentaken over by a major local operator who is currently investing in a programme of refurbishment. There is a large managers flat on the top floor. Webelieve the vacant roof space provides potential for development, either for commercial use (restaurant etc) or residential flats subject to planning.To the rear there is a yard and 2 garages with a vacant maisonette above in need of refurbishment.


Ground Yankees Shop (559 sq ft, source EPC) £13,500 pa 20 years from 17/4/2012 FRI

Ground The Italian Job Shop (1615 sq ft, sourceEPC)

£15,000 pa 20 years from 29/9/2011 FRI

Ground Vacant Shop (818 sq ft, source EPC) ERV: £15,000 pa Vacant

Ground Winstons (3693 sq ft, source EPC) Ground Rent: £100 pa 24/6/1970 - 23/6/2069

UpperFloors

Nightclub and Manager flat (8300 sq ft,source EPC)

£39,000 pa 12 month lease from December 2014 with option toextend for 10 years

Outside Yard Vacant maisonette withgaraging below

Equivalent to: £67,600 pa

Tenure:Freehold



LOT

15PAIGNTON62-70 VICTORIA STREET, DEVON, TQ4 5DS

GUIDE PRICE:£675,000 - £700,000Current Rental Value: £67,600 paPotential Rental Value: £82,600 pa


PAIGNTON62-70 VICTORIA STREET, DEVON, TQ4 5DS


A 07/10/14 L.B. B.M.

North

VICTORIA WORKS 21C GRAHAM STREET BIRMINGHAM B1 3JR Tel:+ 44(0) 121 212 3373 E-mail: [email protected] www.archi-tekt.co.uk

daterev. chk'ddrawn

permission.This drawing must be read and checked against any

discrepancy to be verified with the Architect before proceeding with

dimensions only to be taken from this drawing. The contractor is commencement of construction. Do not scale prints. Figured specialist drawings and information provided prior to the

the Architects and may not be reproduced except by written This drawing and the building works depicted are the copyright of

responsible for checking dimensions, tolerances and references. Any

the works.Royal Institute of British

Architects

communication comes in many forms

PARTNERSHIP

purpose of issue

project

drawing

scal

eda

tedr

awn

chk'd

num

ber

PRE-PLANNING

WILLS STREETLOZELLS, B19 1PP

OS PLAN & LOCATION PLAN

1:1250/1:500@A3

10.06.2014

AB BsM

2014-0014-001

OS PLAN1:1250

LOCATION PLAN1:500

A freehold site of 0.39 acres with consent forthe erection of 7 houses, comprising 6 newdwellings and the conversion and extension ofan existing building to create a dwelling house.Description/Location:The site is a former builders yard and is situated in a residential street.Planning was granted by Birmingham City Council on 16/10/2014 Ref:2014/05344/PA, copies of the permission can be downloaded from thecouncil website.

Accommodation:Detached Houses: 5End Terrace Houses: 2Mid Terrace Houses: 3


To View:Please contact Surelock Network Auctions on 0121 400 7980

Local Authority:Birmingham City Council0121 303 1111 www.birmingham.gov.uk

LOT

16BIRMINGHAM2-8 WILLS STREET, LOZELLS, WEST MIDLANDS, B19 1PP



A freehold site of 0.13 acres comprising a semidetached house with planning consent for anadditional 4 bedroom / 2 bathroom detacheddwelling.Description/Location:The property is situated in a residential cul-de-sac off Kingsbury Road,the existing house requires refurbishment. Planning consent grantedby Birmingham City Council on 03/06/2013 Ref:APP/P4605/A/12/2186980, copies of the permission and associateddrawings can be downloaded from the council's website.

Accommodation:Existing House:Ground Floor: Entrance hall, 2 reception rooms, kitchen, utility room.First Floor: Landing, 3 bedrooms, bathroom.Outside: Gardens and off street parking.




LOT

17SUTTON COLDFIELD6 SUTTON SQUARE, MINWORTH, WEST MIDLANDS,B76 9DN



A pair of substantial 4 storey buildings (GIA6768 sq ft, source floor plans) arranged asoffices and let to Bedfordshire NHS,development potential.Description/Location:The property forms part of an attractive Grade II listed Georgian styleterrace close to the town centre, Bedford Station 0.3 miles. Currently leton FRI terms until 2017 at an annual rent of £37,500. Potential for avariety of commercial uses or conversion to luxury apartments subjectto planning. There is a 7 bay car park to the rear.

Tenure:Freehold

To View:Please contact Elliott Network Auctions on 01923 240420

Local Authority:Bedford Borough Council01234 267422 www.bedford.gov.uk

In March 2007 Network Auctions sold 34-36 Bromham Road withplanning consent for conversion to 7 flats at £900,000.

LOT

18BEDFORD26-28 BROMHAM ROAD, BEDFORDSHIRE, MK40 2QD

GUIDE PRICE:£650,000 - £700,000Current Rental Income: £37,500 pa


BEDFORD26-28 BROMHAM ROAD, BEDFORDSHIRE, MK40 2QD Continued...

UP

010Office

Admin (Non Patient)24.38

009Clinic

Treatment14.66

008WC

Amenity (Patient)3.02

007Office


005Office


003Store

Support5.77

002Store

Support5.77

001Office


006Lobby/Stair

Circulation (Patient)18.37

004Office


HLK-01-0BGEA172.88

HLK-01-0BGIA154.02

LEGEND ROOM TYPE FLOOR AREA

Admin (Non Patient) (Non Patient) 94.73

Support (Non Patient) 11.54

Circulation (Patient) (Patient) 18.37

Amenity (Patient) (Patient) 3.02

Treatment (Patient) 14.66

TOTAL 142.32

Rev. Description Date By

A3

This drawing must not be scaled from, in either digital orpaper print format. The drawing has been prepared forSpace Management purposes only and is not intendedfor construction detail. Designers and Contractors musttake their own site measurements. Visible constructionlines are indicated purely as a guide to define internalusable space and may or may not include structuralelements or a variety of final finish claddings. 3iSurveystake no responsibility for construction details.

2 Brookfield Duncan CloseMoulton ParkNorthamptonNN3 6WL

T +44 (0) 845 675 5055F +44 (0) 845 675 5056E [email protected] www.3iSurveys.com

Drawing No:Issue Date:Scale:Drawn By:

Rev

Drawing:

Site:

Drawing Source: Page Size

Notes:

Health Link26-28 Bromham Road, BedfordBedfordshire, MK40 2QD

Basement PlanSpace Layout

15/06/20101:100TB

hlk-01--1-s

BLPT

Mental Health and Social Care Partnership NHS TrustBedfordshire and Luton

UP

UP

UP

UP

012IT RoomIT Areas

24.74

013WC


011Clinic

Treatment8.5

010WC


009Lobby


008Lobby/Stair


007Conference

Support31.83

006Lobby


005Lobby/Stair


004Lobby/Stair


003Lobby


002Reception


001Waiting Area

Support18.41

HLK-01-00GIA156.48

HLK-01-00GEA185.87





Amenity (Patient) (Patient) 7.23


IT Areas (Non Patient) 24.74

TOTAL 141.57


A3





Rev

Drawing:

Site:


Notes:


Ground Floor PlanSpace Layout

15/06/20101:100TB

hlk-01-00-s

BLPT


UPUP

UP

UP

005Lobby/StairNon Patient

10.08

004Lobby/StairNon Patient

10.04

001Office/Counseling

Non Patient20.38

002Corridor

Non Patient4.33


Non Patient14.86


Non Patient20.06

007Corridor

Non Patient4.36


Non Patient14.6

009Kitchen

Non Patient2.94

010Lobby

Non Patient12.27

011Store

Non Patient2.09

012Counseling Room

Patient5.64

013Staff RoomNon Patient

24.68

HLK-01-01GEA180.75

HLK-01-01GIA158.64


Other (Non Patient) 69.9

Circulation (Non Patient) (Non Patient) 41.08

Amenity (Non Patient) (Non Patient) 27.62



TOTAL 146.33


A3





Rev

Drawing:

Site:


Notes:


First Floor PlanSpace Layout

15/06/20101:100TB

hlk-01-01-s

BLPT


UP UP

008Lobby/Stair


014Office


013CounselingTreatment

8.5012WC

Amenity (Non Patient)3.67

011Lobby

Circulation (Non Patient)7.88

010WC

Amenity (Non Patient)3.56

007Office


006Office


005Admin Office


004Corridor


003CounselingTreatment

6.18

002Office


001Office


009Lobby/Stair


HLK-01-02GIA159.44

HLK-01-02GEA180.5





Amenity (Non Patient) (Non Patient) 7.23

Circulation (Non Patient) (Non Patient) 7.88

TOTAL 147.76


A3





Rev

Drawing:

Site:


Notes:


Second Floor PlanSpace Layout

15/06/20101:100TB

hlk-01-02-s

BLPT



A freehold building arranged as 6 selfcontained flats, 3 are let producing £17,680 pa.Description/Location:Situated close to the town centre and Paignton Hospital, we areadvised by the seller that in the last 5 years the property has beenrefurbished to include rewiring, a new fire alarm installed, new kitchensand bathrooms installed, new double glazing to the rear aspect andredecorated.

Flat AccommodationCurrent Rent Start date and term oflease

1 studio ERV £110 p/w Vacant

2 2 bed flat ERV £150 p/w Vacant

3 1 bed flat £110 p/w 12/12/2011, periodic

4 1 bed flat £120 p/w 19/3/2009, periodic

5 1 bed flat ERV £120 p/w Vacant

6 1 bed flat £110 p/w 6 August 2012, periodic

Equivalent to £17,680pa



LOT

19PAIGNTON7 CHURCH STREET, DEVON, TQ3 3AF

GUIDE PRICE:£225,000+Current Rental Value: £17,680 paEstimated Rental Value: £37,440 pa


A substantial 4 storey building comprising 2ground floor shops, 4 x studio flats, 1 x 1bedroom flat and 1 x 2 bedroom flat. All letproducing £41,604 paDescription/Location:We are advised by the seller that improvements have beenundertaken in the last 18 months to include new plumbing and wiring,new fire alarm installed, new kitchens, new bathrooms and a new roof.

Tenure:Freehold




Ground Shop £260 pcm 18/09/2014 - monthly rolling contract

Ground Shop £216 pcm 29/10/2013 - monthly rolling contract

Ground rear 1 bed flat £520 pcm 19/07/2012, periodic

First Studio flat £477 pcm 08/03/2014, periodic

First Studio flat £477 pcm 30/06/2014, periodic

Second Studio flat £390 pcm 8/9/2014 - 7/3/2015

Second Studio flat £477 pcm 2/3/2014, periodic

Second and Third 2 bed flat £650 pcm 15/9/2014 - 14/3/2015


LOT

20PAIGNTON33 CHURCH STREET, DEVON, TQ3 3AJ



An imposing and extremely spacious formerVictorian Gentlemans Residence, offering hugeversatility, set in grounds totalling over half anacre.Description/Location:Situated in a popular village midway between Okehampton andBarnstaple, the property is ideal for duel occupancy, multi generationliving, various commercial enterprises or possible development subjectto necessary planning consents.

Auctioneers Note: The internal photographs were taken prior to theclients vacating the premises. Most fittings and personal effects havenow been removed.

Accommodation:Ground Floor: 5 reception rooms, 2 kitchens, conservatory, utility room.One bedroom annexe with living room, bedroom, kitchen and showerroom.First Floor: 6 bedrooms (2 en suite), bathroom, shower room.Outside: Long gated driveway, generous parking, timber built summerhouse, in all the grounds extend to over half and acre.

Tenure:Freehold

To View:Please contact Bushnell & Green on 01769 574363.

Local Authority:Torridge District Council01237 428700 www.torridge.gov.uk

LOT

21DOLTONBARLANDS, RECTORY ROAD, DEVON, EX19 8QL



LOT

22SWANSEA59 MORRIS LANE, ST. THOMAS, WEST GLAMORGAN,SA1 8BE

GUIDE PRICE:£49,000+Current Rental Value £6,600 pa

By order of the asset manager

A 2 bedroom freehold house requiringcosmetic refurbishment, vacantDescription/Location:A traditional style property situated in the popular St. Thomasresidential area, Swansea station 0.4 miles. An ideal buy to letinvestment.

Accommodation:Ground Floor: Living room, kitchen, bathroom.First Floor: Landing, 2 double bedrooms.Outside: Courtyard style garden.

Tenure:Freehold - vacant possession.


Local Authority:Swansea City & County Council01792 636000 www.swansea.gov.uk

LOT

23NEWPORT73 QUARRY VIEW, CAMP HILL, ISLE OF WIGHT, PO30 5PJ


A lifetime tenancy investmentDescription/Location:A 3 bedroom semi detached, freehold house with driveway. Weare selling a 100% interest on a life tenancy basis, the currenttenants are a male aged 69 and a female aged 63. We believethe current vacant possession value to be in the region of£142,000.

Accommodation:Ground Floor: Entrance hall, living room, dining room, kitchen,conservatory.First Floor: Landing, 3 bedrooms, bathroom.Outside: Gardens front and rear, driveway.Energy Rating: D/68.

Tenure:Freehold


Local Authority:Isle of Wight Council01903 821000 www.iwight.com



LOT

24BEDFORD50E CHAUCER ROAD, BEDFORDSHIRE, MK40 2AP

GUIDE PRICE:£80,000 - £85,000Estimated Rental Value: £550 pcm

A spacious 1 bedroom ground floormaisonette requiring refurbishment, new99 year lease, vacant.Description/Location:Situated in the popular Poets Estate, Bedford station 0.4 miles.The maisonette is situated at the rear of the building accessedvia a private front door, the property requires cosmeticrefurbishment but has a new 99 year lease. Ideal buy to letinvestment, we estimate the current rental value is £525 pcm.

Accommodation:Ground Floor: Private front door, living room, kitchen, doublebedroom and bathroom.Outside: Communal gardens

Tenure:Leasehold

To View:Please contact Lane & Holmes on 01234 327744

Local Authority:Bedford Borough Council01234 267422 www.bedford.gov.uk

LOT

25SANDOWN3 AYLETT CLOSE, BRADING, ISLE OF WIGHT, PO36 0AP


A lifetime tenancy investmentDescription/Location:An attractive 2 bedroom semi detached house, situated in amodern cul-de-sac development. We are selling a 100%interest on a life tenancy basis, the tenants are a female age 68and male aged 66. We believe the current vacant possessionvalue to be in the region of £153,000.

Accommodation:Ground Floor: Entrance hall, living room, kitchen/dining room,cloakroom/wc.First Floor: Landing, 2 double bedrooms, bathroom.Outside: Gardens front and rear, allocated parking.

Tenure:Freehold





A 3 storey freehold building comprising adouble fronted ground floor retail unit and 4 x1 bedroom flats, let producing £27,576 paDescription/Location:The property is situated in the town centre and is fully let. The sellerhas advised us that a new roof was installed in 2014, the rearelevation is double glazed and that refurbishment to include re-plumbing, wiring, new carpet and redecoration was carried out in thelast 4 years, internal and external decoration was undertaken in thelast 18 months.

Tenure:Freehold




Ground Shop £282 pcm 18/2/2012

First 1 bed flat £477 pcm 8/9/2014 - 6 months





LOT

26PAIGNTON36 CHURCH STREET, DEVON, TQ3 3AH



A 3 storey freehold building comprising aground floor shop, 1 x 1 bedroom flat, 1 x 2bedroom flat and 1 x 2 bedroom maisonette,all let producing £23,688 paDescription/Location:The shop, flats and maisonette are all self contained, the maisonetteis situated on the ground floor at the rear of the building.

Tenure:Freehold




Ground Shop £282 pcm 28/05/2014 - rolling monthly contract

Ground 2 bed maisonette £564 pcm 6/6/2011, periodic


Second 2 bed flat £564 pcm 10/10/2014 - 6 months


LOT




A substantial 4 storey freehold buildingcomprising a ground floor shop, 1 x studio flat,1 x 3 bedroom flat and an 8 room HMO. Inaddition, there is a potential forextension/development to the rear.Description/Location:The property is situated in the town centre, the shop is currentlyvacant with an estimated rental value of £5,200 pa. There is potentialto develop further accommodation utilising the outside space to therear, subject to planning consent.

Tenure:Freehold




Ground Shop £100 p/w estimated Currently vacant

Ground Studio flat £110 p/w estimated Currently vacant

First/Second 8 bedsit HMO £629 p/w Various

Third 3 bed flat £160 p/w 21/4/2014, periodic


LOT


GUIDE PRICE:£300,000Current Rental Value: £41,028 paEstimated Rental Value: £51,948 pa


A spacious 2 bedroom second floor flat situatedin the town centre, let on an AST producing£10,200 pa.Description/Location:The property is situated on the top floor above a commercial parade inthe town centre with private access to the rear. A convenient, centrallocation and ideal for rental investment, Elstree & BorehamwoodStation 0.5 miles. The property provides double glazed windows, gasheating via radiators and modern fixtures.The flat is currently let on an Assured Shorthold Tenancy producing£850 pcm.

Accommodation:Second Floor: Front door to entrance hall, living room, kitchen, 2bedrooms, bathroom.

Tenure:Leasehold


Local Authority:Hertsmere Borough Council020 8207 2277 www.hertsmere.gov.uk

LOT

29BOREHAMWOOD209B SHENLEY ROAD, HERTFORDSHIRE, WD6 1AT

GUIDE PRICE:£125,000+Current Rent Reserved: £10,200 pa


LOT

30SOUTHEND-ON-SEA5 HALE WAY, SHOEBURYNESS, ESSEX, SS3 9GB

GUIDE PRICE:£95,000 - £100,000

A Lifetime Tenancy InvestmentDescription/Location:An attractive modern 2 bedroom / 2 bathroom house, theproperty is freehold. We are selling a 100% interest on a lifetenancy basis, the tenants are male aged 66 and female aged64.We believe the current vacant possession value is in the regionof £229,000.

Accommodation:Ground Floor: Entrance hall, living room, kitchen andcloakroom/wc.First Floor: Landing, master bedroom with en-suite bathroom,second bedroom, family bathroom.Outside: Gardens front and rear.

Tenure:Freehold


Local Authority:Southend on Sea Borough Council01702 215000 www.southend.gov.uk


LOT

31HEMEL HEMPSTEAD25 HIGH STREET, HERTFORDSHIRE, HP1 3AA


Vacant former bar/nightclubDescription/Location:Situated within the Old Town of Hemel Hempstead and withinclose proximity to the Town Centre and Hemel HempsteadTrain Station (1.4 miles).

Accommodation:Ground Floor: Entrance: own entrance from the High Street.Lower Ground Floor: Approx. 1162 sq ft (108 sq meters)comprising bar/nightclub. Staircase to upper floor leading toseparate Ladies and Gents wc's.

Tenure:Leasehold - Balance of 999 year lease remaining


Local Authority:Dacorum Borough CouncilTelephone: 01442 228000 www.dacorum.gov.uk


Scott HendryDirector

FAST FLEXIBLE

When the property won’t hang around, neither will we.When you’re competing for a property you can’t afford to wait. That’s why our experts are on hand before, during and after the auction to help arrange � nance as quickly as possible. So you can bid with con� dence and gain the edge.

SERVICE

Auction Finance Limited. Registered in England and Wales. Company Registration No 04949929. Registered of� ce: Lake View, Lakeside, Cheadle, Cheshire SK8 3GW

we’ll back your bid

• Decisions ‘in principle’ within 1 hour

• Funds available within 24 hours of approval *

• Free valuation service

• No lenders legal fees

• No commitment fee for enquiries

*Subject to con� rmation at application stage

Call us on 0161 933 7155visit www.auction� nance.co.uk

MM9558_AF_Agents_Property_A4P_02.indd 1 09/01/2015 16:11

A 2 storey city centre retail investment (1580sq ft, source EPC), let producing £28,000 paDescription/Location:Situated in the eastern section of the city centre in a busy retailthoroughfare. The premises were recently refurbished including re-glazing of the shop front. Let to Pertemps Group Limited for a term of15 years from July 2004.

Accommodation:Ground and first floor: Sales and trade areas across 2 floors withancillary storage and office space.Outside: Rear. Shared service yard with parking bays (to rent viaPlymouth City Council) and multi-storey car park beyond.

Tenure:Leasehold - Lease 125 years from 24 October 2000.


Local Authority:Plymouth City Council01752 668000 www.plymouth.gov.uk

LOT

32PLYMOUTH51 MAYFLOWER STREET, DEVON, PL1 1QL



LOT

33RYDE21 NELSON CRESCENT, ISLE OF WIGHT, PO33 3QN


A lifetime tenancy investmentDescription/Location:A freehold detached bungalow with driveway and garage. Weare selling a 100% interest on a life tenancy basis, the tenantsare a couple, both aged 67. We believe the current vacantpossession value to be in the region of £185,000.

Accommodation:Ground Floor: Entrance hall, lounge/dining room, kitchen, 2double bedrooms, bathroom.Outside: Gardens front and rear, driveway and garage.Energy Rating: C/78.

Tenure:Freehold




LOT

34RUISLIP11 WELDON CLOSE, MIDDLESEX, HA4 6RA


A spacious 2 bedroom ground floormaisonette with garden and garage.Description/Location:The property is situated in a small cul-de-sac in the soughtafter South Ruislip district, South Ruislip tube 0.5 miles.

Accommodation:Ground Floor: Entrance hall, living room, kitchen, 2 bedrooms,bathroom.Outside: Private garden, driveway to single garage.

Tenure:Leasehold: vacant possession.


Local Authority:London Borough of HillingdonTelephone: 01895 250111 www.hillingdon.gov.uk


An unbroken freehold parade comprising a 3storey landmark building with clock towerarranged as 4 ground floor retail units (1vacant) with offices and flats above.Description/Location:The property occupies a prominent corner site and provides greatpotential to increase the current rental income and further develop theupper parts. The building was recently double glazed and shop 62has had central heating fitted. New bathroom and kitchen have beeninstalled and the whole building has been redecorated.

Tenure:Freehold




Ground Shop - 60 Torquay Rd £1,950 per quarter 2012 - 2018

Ground Shop - 62 Torquay Rd Vacant Estimated rental value of £12,000 pa

Ground Shop - 2 Hyde Rd £434 pcm 12/10/2013 - rolling monthly contract

Ground Shop - 4-6 Hyde Rd £750 pcm rising to £1,000 pcm 24/08/2014 - rolling monthly contract


First and second 3 bed flat £780 pcm 30/6/2014, periodic


Second Further office space plus storage rooms Vacant

Equivalent to £50,424 per annum

LOT

35PAIGNTONHYDE CORNER, 60-62 TORQUAY ROAD AND 2-6 HYDE ROAD,DEVON, TQ3 3AA

GUIDE PRICE:£595,000+Current Rental Income: £50,424 paPotential Rental Value: £62,424 pa


A freehold site of approximately 3.2 acres withroad frontage, speculative developmentpotential vacant.Description/Location:The site is situated in Bramley and approximately 3 miles south ofGuildford. The site is currently arranged as open scrubland andpasture but may be suitable for alternative uses including equestrian,agricultural and storage. There are residential properties to the north,east and west of the site and there may be potential for futureresidential development subject to planning.


Local Authority:Surrey County Council03456 009 009 www.surreycc.gov.uk

LOT

36GUILDFORDLAND TO THE SOUTH OF STATION ROAD, BRAMLEY, SURREY,GU5 0DP

GUIDE PRICE:£150,000 - £200,000


A detached freehold building arranged as 8self contained flats occupying a corner site of0.2 acres. The flats are let producing £51,240pa.Description/Location:The property is situated at the junction of Sands Road and DartmouthRoad, close to the seafront and harbour, Paignton Station 0.2 miles.The property provides gardens to the front and a car park to the rear.

Tenure:Freehold




Lower Ground 3 bed flat £150 p/w 17/2/2007, periodic


Ground 1 bed flat £520 pcm 7/11/2014 - 6 months



First Studio £477 pcm 7/10/2013, periodic

First Studio £455 pcm 1/2/2014, periodic

Second Studio £477 pcm 21/10/2010, periodic


LOT

37PAIGNTONFLATS 1 - 8 MAPLE COURT, SANDS ROAD, DEVON, TQ4 5AS



A freehold building comprising ground flooroffices with a 3 bedroom duplex maisonetteabove, development potential, vacant.Description/Location:Situated close to the junction of Mary Vale Road and Linden Road,Bourneville Station 0.3 miles. Both Kings Norton Girls' School andBourneville Junior School are within 1 mile of the property. The groundfloor has potential for a variety of commercial uses and may besuitable for conversion to residential use subject to planning. Weestimate the current rental values are £800 pcm (ground floor) and£600 pcm (upper parts).

Accommodation:Ground Floor: Reception / office, 2 further offices, kitchen, toilets.Upper Parts: Arranged across 2 floors with separate access to thefront, living room, kitchen, bathroom, 3 bedrooms.Outside: Rear garden with service road access.

Tenure:Freehold with vacant possession.



LOT

38BIRMINGHAM227 & 227A MARY VALE ROAD, WEST MIDLANDS, B30 2DL



Freehold Commercial InvestmentDescription/Location:Situated with a prominent location next to major retail traders includingHolland & Barrett, Costa Coffee and Halifax Building Society. Theproperty comprises a recently renovated ground floor retail unit withbasement, let to Brissi Ltd on a ten year lease from April 2014 with a rentreview after 5 years.The rent is staggered over the first 5 years.Year 1 - £37,500Year 2 - £40,000Year 3 - £42,500Year 4 - £42,500Year 5 - £45,000

Brissi Ltd have 5 retail outlets across the country including 3 in London(Notting Hill, Kings Road in Chelsea, Battersea,) and 1 in Bath.

The upper parts comprise 2 x 2 bedroom flats which have been sold on125 year leases, with a ground rent of £200 each p.a.

Tenure:Freehold


Local Authority:Waverley Council01483 523333 www.waverley.gov.uk

LOT

39FARNHAM112 WEST STREET, SURREY, GU9 7HH

GUIDE PRICE:£640,000+Rent from April 2015 £40,400p.a


By Order of Stevenage Borough Council

Freehold site of 0.44 acres with planningpermission for 4 x 4 bedroom detached housesDescription/Location:Outline planning permission has recently been granted by StevenageBorough Council (application ref 14/00581/REG3) for 4 x 4 bedroomdetached houses on a site of approximately 0.44 acres (1800sq/meters). Access to the site is at the end of a cul-de-sac adjacent to145 Broad Oak Way.

Tenure:Freehold


Local Authority:Stevenage Borough Council01438 242242 www.stevenage.gov.uk

NB: The site plan is for guidance only. Please refer to the legal.

LOT

40STEVENAGELAND TO THE REAR OF 129-145 BROAD OAK WAYHERTFORDSHIRE, SG2 8RG



A freehold site of approx 1.2 acres comprising97 plots, vacant.Description/Location:The site is situated to the south of Snakey Lane and adjacent toStaines Rugby Club. We understand the land is currently designatedgreen belt, however, there is potential for future development subject toplanning and an opportunity to generate profits by selling off individualplots.

Tenure:Freehold


Local Authority:London Borough of Hounslow020 8583 5555 www.hounslow.gov.uk

On the fall of the gavel and in addition to the deposit andadministration fee the buyer will pay to the auctioneer a sum of £2,000plus VAT as a contribution towards the sellers auction costs.

LOT

41FELTHAMLAND COMPRISING 97 PLOTS ADJACENT TO STAINES RUGBYCLUB, SNAKEY LANE, MIDDLESEX, TW13 7NB

GUIDE PRICE:£10,000 - £12,000


By order of the asset manager

A 4 bedroom Grade II listed detached houserequiring refurbishment and modernisation,vacant.Description/Location:Cheriton Fitzpaine is a substantial village approximately 1.5 milesnorth-east of the Crediton/Tiverton A3072 road. It is a typical MidDevon village with traditional white cottages and thatched roofs. Thereare 2 pubs, a post office/store and a doctors surgery, a church built inthe 15th century, and a recently built primary school. The city of Exeteris about 9 miles away and the town of Crediton 5 miles with itsshopping centre and schooling facilities. The property comprises thehouse and gardens, an adjoining barn and detached garage /workshop. The property requires refurbishment and repair and astructural survey is available on request from the auctioneers.

Accommodation:Ground Floor: Entrance porch, sitting room, dining room, kitchen /breakfast room, lobby, cloakroom/wc.First Floor: Landing, 4 bedrooms, bathroom.Outside: Attractive gardens, detached garage / workshop, outbuilding /barn with potential for development subject to planning.

Tenure:Freehold, vacant possession.


Local Authority:Mid Devon District Council01392 277888 www.middevon.gov.uk

LOT

42CREDITONCHURCH COTTAGE, CHERITON FITZPAINE, DEVON,EX17 4JG



© Crown copyright 2014. All rights reserved. Licence Number 100047514

A traditional three bedroom terraced residenceStatus:Vacant Possession

Location:Arden Road runs between Meadow Road and Watery Road and theproperty is situated close to its junction with Parkes Street

Crocketts Community Primary School, Harry Mitchell Leisure Centreand Victoria Park are all nearby

Description:A traditional mid terrace residence

The property offers three bedroom accommodation and is in need ofsome improvement, although the roof was renewed in 2009 and isunder guarantee until 2019

Accommodation:Ground FloorPorch, vestibule, hallway, two reception rooms, kitchen,lobby, shower roomFirst FloorLanding 3 bedrooms, separate wcGardensThere are gardens to front and rear

Tenure:Freehold

Completion:Completion will be twenty eight days after exchange of contracts

43SMETHWICK101 ARDEN ROAD, WEST MIDLANDS, B67 6EW

GUIDE PRICE:£65,000-£70,000

LOT



A well presented freehold town house residenceStatus:Vacant Possession

Location:The property is situated on Alvechurch Road close to its junction withSir Hiltons Road.Alvechurch Road can be approached from either Cofton Road orRedditch Road

Description:A traditionally styled mid town town house residence in a wellestablished residential area close to Birmingham's southern fringe

The property offers gas centrally heated and double glazedaccommodation

The property is well presented and would make an excellent first homeor an ideal letting investment

Accommodation:Ground FloorEntrance hall, lounge, fitted kitchen (with oven & hob) andwith breakfast areaFirst FloorLanding, 3 bedrooms, tiled bathroom with showerFront GardenThere is a front garden with pathwayRear GardenThere is a very good size mainly lawned rear gardenParking SpaceThere is potential to the property's frontage to create aparking space subject to minor alterations

Tenure:Freehold


44BIRMINGHAM218 ALVECHURCH ROAD, WEST HEATH, B31 3PS

GUIDE PRICE:£90,000-£95,000

LOT


A freehold mid terrace house requiringrefurbishment, vacantStatus:Vacant Possession

Location:The property is situated on Burton Road between The Broadway andJew's Lane/Eve Lane around 1.5 miles north west of Dudley town centre

Description:The house is situated in a residential street close to the town centre. Anideal buy to let investment, we estimate the current rental value is £500cm

Accommodation:Ground Floor: Entrance, 2 reception rooms, kitchen, bathroom.First Floor: Landing, 2 bedrooms.Outside: Rear garden.

Tenure:Freehold

Viewing/EnquiriesJoint Auctioneers

45DUDLEY16 BURTON ROAD, WEST MIDLANDS, DY1 3TB


LOT

A substantial freehold building comprising aformer restaurant with cellar storage and firstfloor ancillary space - development potential.Status:Vacant Possession

Location:The property is located at the corner of Great Lister Street and WindsorStreet just off Dartmouth Middleway (inner ring road). The property is afew hundred yards from Aston Science Park and Aston Expressway

Description:The property occupies a prominent corner site on the fringe of the citycentre at the junction of Great Lister Street and Windsor Street. AstonScience Park and Expressway are nearby. The property has goodpotential for existing and alternative commercial use as well as potentialfor residential development of the upper parts subject to planning.

Accommodation:Ground Floor: Extensive restaurant trade area, kitchen, 2 store rooms,loading bay.Cellar: Storage space.First Floor: 5 rooms, bathroom and WC.

Tenure:Freehold


46BIRMINGHAM256 GREAT LISTER STREET, WEST MIDLANDS, B7 4DA


LOT



A Freehold End Town House ResidenceStatus:Vacant Possession

Location:Warstock Lane connects Haunch Lane with Warstock Road and theproperty is situated close to its junction with The Woodleys

Description:A traditional end town house residence

The property offers gas centrally heated two bedroom accommodation

Accommodation:Ground Floor Entrance hall, lounge, kitchen with breakfast areaFirst Floor Landing, 2 double bedrooms, bathroomFront Garden There is a front garden with pathwayRear Garden There is a paved patio and mainly lawned rear garden

There is potential to the property's frontage to create a parking spacesubject to a 'dropped kerb' and minor alterations

Tenure:The property is Freehold


47BIRMINGHAM207 WARSTOCK LANE, KINGS HEATH, B14 4BB

GUIDE PRICE:£88,000-£92,000

LOT



A three bedroom end town house residenceStatus:Vacant Possession

Location:The property is situated on Silver Birch Road at its junction with AcaciaAvenue

Silver Birch Road connects Over Green Drive with LongmeadowCrescent

Kingshurst Primary School is nearby and was rated as 'Good' by Ofsted(November 2012)

Description:An end town residence offering three bedroom accommodation andoccupying a generous corner plot with parking space

The property has double glazing and partial central heating and is inneed of some improvement

There is scope to enlarge the accommodation, subject to planningconsent, by extending the accommodation to the side where there is asingle storey utility area and workshop

Accommodation:Ground FloorEntrance Hall (with wc off), lounge, good size kitchen,utility area and workshopFirst FloorLanding, 3 good size bedrooms, bathroom with showerGardensThere are gardens to front, side and rearParking SpaceThere is a driveway to the side of the house providingoff-road parking space

Tenure:Freehold


48BIRMINGHAM44 SILVER BIRCH ROAD, KINGSHURST, B37 6AA


LOT


Freehold LandStatus:Vacant Possession

Location:Reservoir Retreat is a cul-de-sac off Reservoir Road which can beapproached from either Monument Road or Harold Road

Description:The freehold interest in a piece of land to the rear of 8 Noel Road,Edgbaston and having road frontage to Reservoir Retreat

There is a gate from Reservoir Retreat to access the land

The land measures approximately 34 ft x 25 ft (maximum) and has anapproximate area of 84 sq.yd (70 sq.m)

Tenure:The land is freehold and is held under title number WM975841


49EDGBASTONLAND AT RESERVOIR RETREAT, OFF RESERVOIR ROAD,BIRMINGHAM, B16 9EH


LOT


A refurbished 3 bedroom freehold houseStatus:Vacant Possession

Location:The property is situated on Reginald Road which connects Alum RockRoad and St Saviour's Road

Description:A traditional terraced house situated in a popular residential locationaround half a mile from Adderley Park station

The property is well located for letting being close to the city centre andcampuses of the City University

Accommodation:Ground Floor: Entrance hall, 2 reception rooms, kitchen.First Floor: Landing, 3 bedrooms, bathroom.Outside: Rear garden 100 ft.

Tenure:Freehold



50ALUM ROCK37 REGINALD ROAD, BIRMINGHAM, WEST MIDLANDS, B8 1LS


LOT

A refurbished 3 bedroom freehold houseStatus:Vacant Possession

Location:The property is situated on Reginald Road which connects Alum RockRoad and St Saviour's Road

Description:A traditional terraced house situated in a popular residential locationaround half a mile from Adderley Park station

The property is well located for letting being close to the city centre andcampuses of the City University

Accommodation:Ground Floor: Entrance hall, 2 reception rooms, kitchen.First Floor: Landing, 3 bedrooms, bathroom.Outside: Rear garden 100 ft.

Tenure:Freehold



51ALUM ROCK39 REGINALD ROAD, BIRMINGHAM, WEST MIDLANDS, B8 1LS


LOT


Freehold Shop with First Floor AccommodationStatus:Vacant Possession

Location:The property is situated on the busy Halesowen Road betweenHighgate Street and Heathfield Way

Description:A prominently positioned retail shop in a busy parade in the centre ofOld Hill

The ground floor has been extended and provides around 768 sq.ft ofspace with a well laid out retail area, stockroom and wc

The first floor has additional rooms, used previously for storage andoffices, and provides around 420 sq.ft of space

To the rear there is a small garden area

For many years the property has operated as a convenience store (UseClass A1), but may be suitable for other purposes subject to Change ofUse

The rateable value is £4,800 and Small Business Rates Relief mayapply

Tenure:Freehold


52CRADLEY HEATH208 HALESOWEN ROAD, OLD HILL, WEST MIDLANDS, B64 6HN

GUIDE PRICE:£60,000-£65,000

LOT


A Freehold Site with Seven GaragesStatus:Vacant Possession

Location:The site lies off Trinity Street, close to its junction with Haden Road

Trinity Street connects Halesowen Road and Lawrence Lane

Description:A freehold site off Trinity Street and to the rear of 204, 206 & 208Halesowen Road

The site is approximately 252 sq.m (301 sq.yd) and currently housesseven garages which are in need of repair

The land has direct road frontage to Trinity Street and offers potentialfor re-development, subject to planning consent

The Auctioneers estimate the letting value of lock-up garages in thisarea at around £10 per week, giving a potential annual rental income of£3,640

Tenure:Freehold


53CRADLEY HEATHLAND & GARAGES OFF TRINITY STREET, OLD HILL, WESTMIDLANDS, B64 6HT

GUIDE PRICE:£15,000-£20,000

LOT



Ground Floor Retail Unit with Potential forConversionStatus:Vacant Possession

Location:The property is situated on Willes Road at the corner with LansdowneStreet, approximately half a mile north of the town centre

Description:Located in the Royal Town of Leamington Spa the property comprisesthe ground floor of a striking four storey building in the Leamington SpaConservation Area. The property has in recent years been used as ahair & beauty salon and as a betting shop

There is potential to convert the property to a residential flat, subject toplanning consent . The first, second and third floors of the building areresidential self-contained flats owned on long leases

Accommodation:The accommodation comprises a large retail/reception area, 2 separaterooms, wc, rear lobby and store

There is also a basement and in total the accommodation extends toaround 986 sq.ft

To the front of the property there is a paved frontage and to the rearthere is a storage/amenity area

Tenure:Leasehold, subject to a lease commencing on 29/09/2011 and expiringon 24/03/2161 subject to a 'peppercorn' ground rent

The unexpired term is therefore approximately 146 years


54LEAMINGTON SPA17 WILLES ROAD, WARWICKSHIRE, CV32 4PP

GUIDE PRICE:£70,000

LOT


A lifetime tenancy investmentStatus:Residential Investment

Location:The property is around 1.3 miles south west of Coventry city centre andclose to Coventry Hearsall Golf Course

Styvechale Avenue runs between Beechwood Avenue and EarlsdonAvenue South

Description:A ground floor studio apartment within a warden controlled purposebuilt retirement complex

We are offering for sale a 100% interest on a life tenancy basis. Thetenant is a male aged 68

Please note that the property can be viewed externally only

Tenure:Leasehold for a term of 99 years from 01/01/1994


55COVENTRY2 DALTON LODGE, STYVECHALE AVENUE, WEST MIDLANDS,CV5 6DW


LOT


Well Presented Long Leasehold 2nd Floor FlatStatus:Vacant Possession

Location:Blossomfield Close is a cul-de-sac off Redditch Road (A441) betweenits junctions with Aversley Road and Redhill Road close toBirmingham's southern fringe and the Worcestershire boundary

Description:A second floor flat in a very pleasant block surrounded by well tendedgardens and in a cul-de-sac position

The accommodation is very well presented, double glazed and has anundefloor heating system

The lease has been extended and has an unexpired term of 146 years

Accommodation:The accommodation includes an outer hallway with storage space anddesk space, inner hallway, spacious lounge, double bedroom, re-fittedkitchen with tiled floor and bathroom with white suite and electricshower

The block has a recently redecorated entrance lobby with a door entrysystem

The block is surrounded by attractive gardens and there is a parkingspace

Tenure:Leasehold for a term of 189 years from 25th March 1972 subject to a'peppercorn' ground rent

The management and maintenance of Blossomfield Court isundertaken by Pennycuick Collins

56KINGS NORTONFLAT 11 BLOSSOMFIELD COURT, BLOSSOMFIELD CLOSE,BIRMINGHAM, B38 8NE

GUIDE PRICE:£58,000-£60,000

LOT



A traditional three bedroom home in MoseleyStatus:Vacant Possession.

Location:The property is situated on Kingswood Road which can be approachedfrom Brighton Road or Church Road, Moseley.

Description:A traditional terraced residence situated in the very popular suburb ofMoseley. The property benefits from both gas radiator central heatingand double glazing.

Accommodation:Ground Floor Vestibule, hallway, 2 reception rooms, kitchen, fully tiledshower roomFirst Floor Landing, 3 good size bedroomsGardens There are front and rear gardens.

Tenure:Leasehold for a term of 50 years from 20th June 1976 at a ground rentof £500 per annum.

The buyer of this lot will be entitled to acquire the Freehold interest aftertwo years of ownership in accordance with the terms of the LeaseholdReform Act 1967 (as amended)

Completion:Completion will be twenty eight days after exchange of contracts.

57MOSELEY8 KINGSWOOD ROAD, BIRMINGHAM, B13 9AL


LOT


The complete insurance solution for your property portfolio.

Unique Policy Cover

Immediate Quotations

Delegated Claims Handling

Online Documentation

Remuneration

For further information visit our website

www.pi-propertyinsurance.co.uk

Professional Indemnity

Directors and O�cers

O�ce

Fleet

High Net Worth Home Insurance

For further information visit our website

www.pi-professionalinsurance.co.uk

The Award Winning Solution for Property Portfolio Insurance

S P E C I A L I S T I N S U R A N C E F O R P R O P E R T Y P E O P L E

Telephone: 01789 761 6601 Arrow Court, Adams Way, Alcester, Warwickshire B49 6PU

Pi-Property Insurance and Pi-Professional Insurance are trading names of Morrison Edwards Insurance Services Limited.Authorised & Regulated by the Financial Conduct Authority

A Long Leasehold 8th Floor ApartmentStatus:Residential Investment

The apartment is let on an Assured Shorthold Tenancy at a rent of £350per month

Location:St Cecilias lies off Okement Drive which can be approached fromGraiseley Lane near its junction with Wolverhampton Road. New CrossHospital is very nearby

Description:An eighth floor apartment offering gas centrally heated accommodationto include an entrance hall, spacious lounge with balcony, fitted kitchenwith oven & hob, bedroom and bathroom with shower

There is a ground floor entrance lobby with a door entry system and alift

There is an allocated parking space

EPC Rating: D - 66

Tenure:Leasehold for a term expiring on 31/12/2118 subject to a currentground rent of £50 half yearly

The unexpired is approximately 104 years


58WOLVERHAMPTONAPARTMENT 49 ST. CECILIAS, OKEMENT DRIVE, WEDNESFIELD,WEST MIDLANDS, WV11 1XD


LOT


A freehold building comprising a fish & chipshop with a flat aboveStatus:Commercial Investment Property

Location:The property is situated on Ross at the junction with Shepherds Foldclose to High Street/Powke Lane and Blackheath town centre

Description:The property comprises two storey premises with a fish & chip shopbusiness to the ground floor and with residential accommodation to thefirst floor

The entire building is let on a 21 year lease from 14/09/2004 subject to5 yearly rent reviews

The rent was reviewed to £9,250 pa on 14/09/2014

Accommodation:Ground Floor: Double glazed shop front, sales area, kitchen foodpreparation rooms and store.First Floor: The first floor accommodation is accessed via an internalstaircase and forms a 1 bedroom flatOutside: Rear garden and parking area approached from ShepherdsFold via a roller shutter door

Tenure:Freehold


59ROWLEY REGIS161 ROSS, WEST MIDLANDS, B65 8BS

GUIDE PRICE:£100,000 - £110,000

LOT


A Freehold site with twelve recently constructedhigh quality garagesStatus:Garage Letting Investment

Location:George Chetwood Court is a cul-de-sac off Matlock Avenueapproximately 1.5 miles south west of Telford town centre

Turn into George Chetwood Court from Matlock Avenue and thegarages can be found on the right hand side at the head of the cul-de-sac

Description:This well maintained site comprises twelve high quality lock-up garagesin two opposing blocks of six

The garages were constructed in 2010

The block to the left (when entered from the roadway) includes garages1-6 and the block to the right (when entered from the roadway) includesgarages 7-12

Presently seven of the garages are let producing rental income of£3,400 per annum. When the remaining four garages are let this will riseto circa £5,900 per annum

Tenure:Freehold


60TELFORDGARAGES AT GEORGE CHETWOOD COURT, DAWLEY,SHROPSHIRE, TF4 2QS


LOT



A Freehold Town House ResidenceStatus:Vacant Possession

Location:Birkenshaw Road links Dyas Road with Old Oscott Lane and lies in awell established residential area

The property is close to Birmingham Metropolitan College, GlenmeadPrimary School and Great Barr School

Description:The property is a traditionally constructed and styled mid townresidence in a very popular residential area

The three bedroom accommodation is partially double glazed and inneed of some improvement

The property would be an excellent letting investment due to the natureof the area and the proximity of schools and the auctioneers estimate aletting value after improvement at around £625 per month

Accommodation:Front GardenThere is a lawned front garden with pathwayGround FloorEntrance hall, front reception room, rear reception room,kitchenFirst FloorLanding, 3 bedrooms, bathroomRear GardenThere is a patio area and a mainly lawned rear garden

Tenure:Freehold


61GREAT BARR115 BIRKENSHAW ROAD, BIRMINGHAM, B44 8UN


LOT


A freehold, semi detached building comprisingan extended ground floor retail/office unit (1095sq ft) with a self contained office above (415 sqft), development potential - VacantDescription:The property is situated opposite the junction with Waterworks Drive.Northfield lies approximately 6 miles south-west of the Birmingham citycentre.

The ground floor provides a main office area, kitchen and 2 WCs. Thefirst floor offices are accessed independently with a front door at theside of the building. There is off street parking to the front while a sidewalkway and rear service road provide access to the rear of theproperty and the garden.

The first floor offices provide a development opportunity with thepotential for conversion to a 1 bedroom flat (estimated rental value£400 pcm) subject to planning. The ground floor could be separated toprovide 2 self contained units, potentially with a residential unit to therear, again subject to planning.

Accommodation:Ground Floor: Approximately 1095 sq ft comprising 20 ft grossfrontage and 78 ft depth arranged as main office, kitchen and 2 WC's.First Floor: Approximately 415 sq ft with independent side access.Outside: Parking forecourt and garden to the rear.

Tenure:Freehold

Viewing/EnquiriesStrictly by arrangements with the Auctioneers Pennycuick CollinsNetwork Auctions0121 665 4150Joint Auctioneers

62BIRMINGHAM225 MERRITTS BROOK LANE, NORTHFIELD, WEST MIDLANDS,B31 1UJ


LOT


68

INTRODUCTIONThe Common Auction Conditions have been produced for real estate auctions in England and Wales to set a common standard across the industry. They are in three sections:GlossaryThe glossary gives special meanings to certain words used in both sets of conditions.Auction Conduct ConditionsThe Auction Conduct Conditions govern the relationship between the auctioneer and anyone who has a catalogue, or who attends or bids at the auction. They cannot be changed without the auctioneer’s agreement. We recommend that these conditions are set out in a two-part notice to bidders in the auction catalogue, part one containing advisory material – which auctioneers can tailor to their needs – and part two the auction conduct conditions.Sale ConditionsThe Sale Conditions govern the agreement between each seller and buyer. They include general conditions of sale and template forms of special conditions of sale, tenancy and arrears schedules and a sale memorandum.Important NoticeA prudent buyer will, before bidding for a lot at an auction:• Take professional advice from a conveyancer and, in

appropriate cases, a chartered surveyor and an accountant;• Read the conditions;• Inspect the lot;• Carry out usual searches and make usual enquiries;• Check the content of all available leases and other

documents relating to the lot;• Check that what is said about the lot in the catalogue is

accurate;• Have finance available for the deposit and purchase price;• Check whether VAT registration and election is advisable;The conditions assume that the buyer has acted like a prudent buyer.If you choose to buy a lot without taking these normal precautions you do so at your own risk.GLOSSARYThis glossary applies to the auction conduct conditions and the sale conditions.Wherever it makes sense:• singular words can be read as plurals, and plurals as

singular words;• a “person” includes a corporate body;• words of one gender include the other genders;• references to legislation are to that legislation as it may

have been modified or re-enacted by the date of the auction or the contract date (as applicable); and

• where the following words printed in bold black type appear in bold green type they have the specified meanings.

Actual Completion DateThe date when completion takes place or is treated as taking place for the purposes of apportionment and calculating interest.AddendumAn amendment or addition to the conditions or to the particulars or to both whether contained in a supplement to the catalogue, a written notice from the auctioneers or an oral announcement at the auction.Agreed Completion DateSubject to condition G9.3:(a) the date specified in the special conditions; or(b) if no date is specified, 20 business days after the

contract date; but if that date is not a business day the first subsequent business day.

Approved Financial InstitutionAny bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise acceptable to the auctioneers.ArrearsArrears of rent and other sums due under the tenancies and still outstanding on the actual completion date.Arrears ScheduleThe arrears schedule (if any) forming part of the special conditions.AuctionThe auction advertised in the catalogue.Auction Conduct ConditionsThe conditions so headed, including any extra auction conduct conditions.AuctioneersThe auctioneers at the auction.Business DayAny day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Wales; or (c) Good Friday or Christmas Day.

BuyerThe person who agrees to buy the lot or, if applicable, that person’s personal representatives: if two or more are jointly the buyer their obligations can be enforced against them jointly or against each of them separately.CatalogueThe catalogue to which the conditions refer including any supplement to it.CompletionUnless otherwise agreed between seller and buyer (or their conveyancers) the occasion when both seller and buyer have complied with their obligations under the contract and the balance of the price is unconditionally received in the seller’s conveyancer’s client account.ConditionOne of the auction conduct conditions or sales conditions.ContractThe contract by which the seller agrees to sell and the buyer agrees to buy the lot.Contract DateThe date of the auction or, if the lot is not sold at the auction:(a) the date of the sale memorandum signed by both the

seller and buyer; or(b) if contracts are exchanged, the date of exchange. If

exchange is not effected in person or by an irrevocable agreement to exchange made by telephone, fax or electronic mail the date of exchange is the date on which both parts have been signed and posted or otherwise placed beyond normal retrieval.

DocumentsDocuments of title (including, if title is registered, the entries on the register and the title plan) and other documents listed or referred to in the special conditions relating to the lot.Financial ChargeA charge to secure a loan or other financial indebtedness (not including a rent charge).General ConditionsThat part of the sale conditions so headed, including any extra general conditions.Interest RateIf not specified in the special conditions, 4% above the base rate from time to time of Barclays Bank plc. (The interest rate will also apply to judgment debts, if applicable.)LotEach separate property described in the catalogue or (as the case may be) the property that the seller has agreed to sell and the buyer to buy (including chattels, if any). Old ArrearsArrears due under any of the tenancies that are not “new tenancies” as defined by the Landlord and Tenant (Covenants) Act 1995.ParticularsThe section of the catalogue that contains descriptions of each lot (as varied by any addendum).PractitionerAn insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in relation to jurisdictions outside the United Kingdom, any similar official).PriceThe price that the buyer agrees to pay for the lot.Ready to CompleteReady, willing and able to complete: if completion would enable the seller to discharge all financial charges secured on the lot that have to be discharged by completion, then those outstanding financial charges do not prevent the seller from being ready to complete.Sale ConditionsThe general conditions as varied by any special conditions or addendum.Sale MemorandumThe form so headed (whether or not set out in the catalogue) in which the terms of the contract for the sale of the lot are recorded.SellerThe person selling the lot. If two or more are jointly the seller their obligations can be enforced against them jointly or against each of them separately.Special ConditionsThose of the sale conditions so headed that relate to the lot.TenanciesTenancies, leases, licences to occupy and agreements for lease and any documents varying or supplemental to them.Tenancy ScheduleThe tenancy schedule (if any) forming part of the special conditions.TransferTransfer includes a conveyance or assignment (and “to

transfer” includes “to convey” or “to assign”).TUPEThe Transfer of Undertakings (Protection of Employment) Regulations 2006.VATValue Added Tax or other tax of a similar nature.VAT OptionAn option to tax.We (and us and our) The auctioneers.You (and your)Someone who has a copy of the catalogue or who attends or bids at the auction, whether or not a buyer.AUCTION CONDUCT CONDITIONSA1 IntroductionA1.1 Words in bold green type have special meanings,

which are defined in the Glossary.A1.2 The catalogue is issued only on the basis that you

accept these auction conduct conditions. They govern our relationship with you and cannot be disapplied or varied by the sale conditions (even by a condition purporting to replace the whole of the Common Auction Conditions). They can be varied only if we agree.

A2 Our roleA2.1 As agents for each seller we have authority to: (a) prepare the catalogue from information supplied

by or on behalf of each seller; (b) offer each lot for sale; (c) sell each lot; (d) receive and hold deposits; (e) sign each sale memorandum; and (f) treat a contract as repudiated if the buyer fails

to sign a sale memorandum or pay a deposit as required by these auction conduct conditions.

A2.2 Our decision on the conduct of the auction is final.A2.3 We may cancel the auction, or alter the order in which

lots are offered for sale. We may also combine or divide lots. A lot may be sold or withdrawn from sale prior to the auction.

A2.4 You acknowledge that to the extent permitted by law we owe you no duty of care and you have no claim against us for any loss.

A3 Bidding and reserve pricesA3.1 All bids are to be made in pounds sterling exclusive of

any applicable VAT.A3.2 We may refuse to accept a bid. We do not have to

explain why.A3.3 If there is a dispute over bidding we are entitled to

resolve it, and our decision is final.A3.4 Unless stated otherwise each lot is subject to a reserve

price (which may be fixed just before the lot is offered for sale). If no bid equals or exceeds that reserve price the lot will be withdrawn from the auction.

A3.5 Where there is a reserve price the seller may bid (or ask us or another agent to bid on the seller’s behalf) up to the reserve price but may not make a bid equal to or exceeding the reserve price. You accept that it is possible that all bids up to the reserve price are bids made by or on behalf of the seller.

A3.6 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 might be prepared to sell at the date of the guide price. But guide prices may change. The last published guide price will normally be at or above any reserve price, but not always – as the seller may fix the final reserve price just before bidding commences.

A4 The particulars and other informationA4.1 We have taken reasonable care to prepare particulars

that correctly describe each lot. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct.

A4.2 If the special conditions do not contain a description of the lot, or simply refer to the relevant lot number, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.

A4.3 The particulars and the sale conditions may change prior to the auction and it is your responsibility to check that you have the correct versions.

A4.4 If we provide information, or a copy of a document, provided by others we do so only on the basis that we are not responsible for the accuracy of that information or document.

COMMON AUCTION CONDITIONS

69


A5 The contractA5.1 A successful bid is one we accept as such (normally

on the fall of the hammer). This condition A5 applies to you if you make the successful bid for a lot.

A5.2 You are obliged to buy the lot on the terms of the sale memorandum at the price you bid plus VAT (if applicable).

A5.3 You must before leaving the auction: (a) provide all information we reasonably need

from you to enable us to complete the sale memorandum (including proof of your identity if required by us);

(b) sign the completed sale memorandum; and (c) pay the deposit.A5.4 If you do not we may either: (a) as agent for the seller treat that failure as your

repudiation of the contract and offer the lot for sale again: the seller may then have a claim against you for breach of contract; or

(b) sign the sale memorandum on your behalf.A5.5 The deposit: (a) is to be held as stakeholder where VAT would be

chargeable on the deposit were it to be held as agent for the seller, but otherwise is to be held as stated in the sale conditions; and

(b) must be paid in pounds sterling by cheque or by bankers’ draft made payable to us on an approved financial institution. The extra auction conduct conditions may state if we accept any other form of payment.

A5.6 We may retain the sale memorandum signed by or on behalf of the seller until the deposit has been received in cleared funds.

A5.7 If the buyer does not comply with its obligations under the contract then:

(a) you are personally liable to buy the lot even if you are acting as an agent; and

(b) you must indemnify the seller in respect of any loss the seller incurs as a result of the buyer’s default.

A5.8 Where the buyer is a company you warrant that the buyer is properly constituted and able to buy the lot.

A6 Extra auction conduct conditionsA6.1 Despite any special condition to the contrary the

minimum deposit we accept is £2000 (or the total price, if less). A special condition may, however, require a higher minimum deposit.

GENERAL CONDITIONS OF SALEWords in bold green type have special meanings, which are defined in the Glossary.The general conditions (including any extra general conditions) apply to the contract except to the extent that they are varied by special conditions or by an addendum.G1. The lotG1.1 The lot (including any rights to be granted or reserved,

and any exclusions from it) is described in the special conditions, or if not so described the lot is that referred to in the sale memorandum.

G1.2 The lot is sold subject to any tenancies disclosed by the special conditions, but otherwise with vacant possession on completion.

G1.3 The lot is sold subject to all matters contained or referred to in the documents, but excluding any financial charges: these the seller must discharge on or before completion.

G1.4 The lot is also sold subject to such of the following as may affect it, whether they arise before or after the contract date and whether or not they are disclosed by the seller or are apparent from inspection of the lot or from the documents:

(a) matters registered or capable of registration as local land charges;

(b) matters registered or capable of registration by any competent authority or under the provisions of any statute;

(c) notices, orders, demands, proposals and requirements of any competent authority;

(d) charges, notices, orders, restrictions, agreements and other matters relating to town and country planning, highways or public health;

(e) rights, easements, quasi-easements, and wayleaves;

(f) outgoings and other liabilities; (g) any interest which overrides, within the meaning of

the Land Registration Act 2002; (h) matters that ought to be disclosed by the

searches and enquiries a prudent buyer would make, whether or not the buyer has made them; and

(i) anything the seller does not and could not reasonably know about.

G1.5 Where anything subject to which the lot is sold would expose the seller to liability the buyer is to comply with it and indemnify the seller against that liability.

G1.6 The seller must notify the buyer of any notices, orders, demands, proposals and requirements of any competent authority of which it learns after the contract date but the buyer must comply with them and keep the seller indemnified.

G1.7 The lot does not include any tenant’s or trade fixtures or fittings.

G1.8 Where chattels are included in the lot the buyer takes them as they are at completion and the seller is not liable if they are not fit for use.

G1.9 The buyer buys with full knowledge of: (a) the documents, whether or not the buyer has

read them; and (b) the physical condition of the lot and what could

reasonably be discovered on inspection of it, whether or not the buyer has inspected it.

G1.10 The buyer is not to rely on the information contained in the particulars but may rely on the seller’s conveyancer’s written replies to preliminary enquiries to the extent stated in those replies.

G2. DepositG2.1 The amount of the deposit is the greater of: (a) any minimum deposit stated in the auction

conduct conditions (or the total price, if this is less than that minimum); and

(b) 10% of the price (exclusive of any VAT on the price).

G2.2 The deposit (a) must be paid in pounds sterling by cheque or

banker’s draft drawn on an approved financial institution (or by any other means of payment that the auctioneers may accept); and

(b) is to be held as stakeholder unless the auction conduct conditions provide that it is to be held as agent for the seller.

G2.3 Where the auctioneers hold the deposit as stakeholder they are authorised to release it (and interest on it if applicable) to the seller on completion or, if completion does not take place, to the person entitled to it under the sale conditions.

G2.4 If a cheque for all or part of the deposit is not cleared on first presentation the seller may treat the contract as at an end and bring a claim against the buyer for breach of contract.

G2.5 Interest earned on the deposit belongs to the seller unless the sale conditions provide otherwise.

G3. Between contract and completionG3.1 Unless the special conditions state otherwise, the

seller is to insure the lot from and including the contract date to completion and:

(a) produce to the buyer on request all relevant insurance details;

(b) pay the premiums when due; (c) if the buyer so requests, and pays any additional

premium, use reasonable endeavours to increase the sum insured or make other changes to the policy;

(d) at the request of the buyer use reasonable endeavours to have the buyer’s interest noted on the policy if it does not cover a contracting purchaser;

(e) unless otherwise agreed, cancel the insurance at completion, apply for a refund of premium and (subject to the rights of any tenant or other third party) pay that refund to the buyer; and

(f) (subject to the rights of any tenant or other third party) hold on trust for the buyer any insurance payments that the seller receives in respect of loss or damage arising after the contract date or assign to the buyer the benefit of any claim; and the buyer must on completion reimburse to the seller the cost of that insurance (to the extent not already paid by the buyer or a tenant or other third party) for the period from and including the contract date to completion.

G3.2 No damage to or destruction of the lot nor any deterioration in its condition, however caused, entitles the buyer to any reduction in price, or to delay completion, or to refuse to complete.

G3.3 Section 47 of the Law of Property Act 1925 does not apply.

G3.4 Unless the buyer is already lawfully in occupation of the lot the buyer has no right to enter into occupation prior to completion.

G4. Title and identityG4.1 Unless condition G4.2 applies, the buyer accepts the

title of the seller to the lot as at the contract date and may raise no requisition or objection except in relation to any matter that occurs after the contract date.

G4.2 If any of the documents is not made available before the auction the following provisions apply:

(a) The buyer may raise no requisition on or objection to any of the documents that is made available before the auction.

(b) If the lot is registered land the seller is to give

to the buyer within five business days of the contract date an official copy of the entries on the register and title plan and, where noted on the register, of all documents subject to which the lot is being sold.

(c) If the lot is not registered land the seller is to give to the buyer within five business days an abstract or epitome of title starting from the root of title mentioned in the special conditions (or, if none is mentioned, a good root of title more than fifteen years old) and must produce to the buyer the original or an examined copy of every relevant document.

(d) If title is in the course of registration, title is to consist of certified copies of:

(i) the application for registration of title made to the land registry;

(ii) the documents accompanying that application;

(iii) evidence that all applicable stamp duty land tax relating to that application has been paid; and

(iv) a letter under which the seller or its conveyancer agrees to use all reasonable endeavours to answer any requisitions raised by the land registry and to instruct the land registry to send the completed registration documents to the buyer.

(e) The buyer has no right to object to or make requisitions on any title information more than seven business days after that information has been given to the buyer.

G4.3 Unless otherwise stated in the special conditions the seller sells with full title guarantee except that (and the transfer shall so provide):

(a) the covenant set out in section 3 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to matters recorded in registers open to public inspection; these are to be treated as within the actual knowledge of the buyer; and

(b) the covenant set out in section 4 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to any condition or tenant’s obligation relating to the state or condition of the lot where the lot is leasehold property.

G4.4 The transfer is to have effect as if expressly subject to all matters subject to which the lot is sold under the contract.

G4.5 The seller does not have to produce, nor may the buyer object to or make a requisition in relation to, any prior or superior title even if it is referred to in the documents.

G4.6 The seller (and, if relevant, the buyer) must produce to each other such confirmation of, or evidence of, their identity and that of their mortgagees and attorneys (if any) as is necessary for the other to be able to comply with applicable Land Registry Rules when making application for registration of the transaction to which the conditions apply.

G5. TransferG5.1 Unless a form of transfer is prescribed by the special

conditions: (a) the buyer must supply a draft transfer to the

seller at least ten business days before the agreed completion date and the engrossment (signed as a deed by the buyer if condition G5.2 applies) five business days before that date or (if later) two business days after the draft has been approved by the seller; and

(b) the seller must approve or revise the draft transfer within five business days of receiving it from the buyer.

G5.2 If the seller remains liable in any respect in relation to the lot (or a tenancy) following completion the buyer is specifically to covenant in the transfer to indemnify the seller against that liability.

G5.3 The seller cannot be required to transfer the lot to anyone other than the buyer, or by more than one transfer.

G6. CompletionG6.1 Completion is to take place at the offices of the

seller’s conveyancer, or where the seller may reasonably require, on the agreed completion date. The seller can only be required to complete on a business day and between the hours of 0930 and 1700.

G6.2 The amount payable on completion is the balance of the price adjusted to take account of apportionments plus (if applicable) VAT and interest.

G6.3 Payment is to be made in pounds sterling and only by: (a) direct transfer to the seller’s conveyancer’s client account; and (b) the release of any deposit held by a stakeholder.

G6.4 Unless the seller and the buyer otherwise agree, completion cannot take place until both have complied with their obligations under the contract and

70

the balance of the price is unconditionally received in the seller’s conveyancer’s client account.

G6.5 If completion takes place after 1400 hours for a reason other than the seller’s default it is to be treated, for the purposes of apportionment and calculating interest, as if it had taken place on the next business day.

G6.6 Where applicable the contract remains in force following completion.

G7. Notice to complete G7.1 The seller or the buyer may on or after the agreed

completion date but before completion give the other notice to complete within ten business days (excluding the date on which the notice is given) making time of the essence.

G7.2 The person giving the notice must be ready to complete.

G7.3 If the buyer fails to comply with a notice to complete the seller may, without affecting any other remedy the seller has:

(a) terminate the contract; (b) claim the deposit and any interest on it if held by a

stakeholder; (c) forfeit the deposit and any interest on it; (d) resell the lot; and (e) claim damages from the buyer.G7.4 If the seller fails to comply with a notice to complete

the buyer may, without affecting any other remedy the buyer has:

(a) terminate the contract; and (b) recover the deposit and any interest on it from the

seller or, if applicable, a stakeholder.G8. If the contract is brought to an end If the contract is lawfully brought to an end: (a) the buyer must return all papers to the seller

and appoints the seller its agent to cancel any registration of the contract; and

(b) the seller must return the deposit and any interest on it to the buyer (and the buyer may claim it from the stakeholder, if applicable) unless the seller is entitled to forfeit the deposit under condition G7.3.

G9. Landlord’s licenceG9.1 Where the lot is or includes leasehold land and licence

to assign is required this condition G9 applies.G9.2 The contract is conditional on that licence being

obtained, by way of formal licence if that is what the landlord lawfully requires.

G9.3 The agreed completion date is not to be earlier than the date five business days after the seller has given notice to the buyer that licence has been obtained.

G9.4 The seller must: (a) use all reasonable endeavours to obtain the

licence at the seller’s expense; and (b) enter into any authorised guarantee agreement

properly required.G9.5 The buyer must: (a) promptly provide references and other relevant

information; and (b) comply with the landlord’s lawful requirements.G9.6 If within three months of the contract date (or such

longer period as the seller and buyer agree) the licence has not been obtained the seller or the buyer may (if not then in breach of any obligation under this condition G9) by notice to the other terminate the contract at any time before licence is obtained. That termination is without prejudice to the claims of either seller or buyer for breach of this condition G9.

G10. Interest and apportionmentsG10.1 If the actual completion date is after the agreed

completion date for any reason other than the seller’s default the buyer must pay interest at the interest rate on the price (less any deposit paid) from the agreed completion date up to and including the actual completion date.

G10.2 Subject to condition G11 the seller is not obliged to apportion or account for any sum at completion unless the seller has received that sum in cleared funds. The seller must pay to the buyer after completion any sum to which the buyer is entitled that the seller subsequently receives in cleared funds.

G10.3 Income and outgoings are to be apportioned at actual completion date unless:

(a) the buyer is liable to pay interest; and (b) the seller has given notice to the buyer at any

time up to completion requiring apportionment on the date from which interest becomes payable by the buyer; in which event income and outgoings are to be apportioned on the date from which interest becomes payable by the buyer.

G10.4 Apportionments are to be calculated on the basis that: (a) the seller receives income and is liable for

outgoings for the whole of the day on which apportionment is to be made;

(b) annual income and expenditure accrues at an

equal daily rate assuming 365 days in a year, and income and expenditure relating to some other period accrues at an equal daily rate during the period to which it relates; and

(c) where the amount to be apportioned is not known at completion apportionment is to be made by reference to a reasonable estimate and further payment is to be made by seller or buyer as appropriate within five business days of the date when the amount is known.

G11. ArrearsPart 1 Current rentG11.1 “Current rent” means, in respect of each of the

tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

G11.2 If on completion there are any arrears of current rent the buyer must pay them, whether or not details of those arrears are given in the special conditions.

G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of current rent.

Part 2 Buyer to pay for arrearsG11.4 Part 2 of this condition G11 applies where the special

conditions give details of arrears.G11.5 The buyer is on completion to pay, in addition to any

other money then due, an amount equal to all arrears of which details are set out in the special conditions.

G11.6 If those arrears are not old arrears the seller is to assign to the buyer all rights that the seller has to recover those arrears.

Part 3 Buyer not to pay for arrearsG11.7 Part 3 of this condition G11 applies where the

special conditions: (a) so state; or (b) give no details of any arrears.G11.8 While any arrears due to the seller remain unpaid the

buyer must: (a) try to collect them in the ordinary course of

management but need not take legal proceedings or forfeit the tenancy;

(b) pay them to the seller within five business days of receipt in cleared funds (plus interest at the interest rate calculated on a daily basis for each subsequent day’s delay in payment);

(c) on request, at the cost of the seller, assign to the seller or as the seller may direct the right to demand and sue for old arrears, such assignment to be in such form as the seller’s conveyancer may reasonably require;

(d) if reasonably required, allow the seller’s conveyancer to have on loan the counterpart of any tenancy against an undertaking to hold it to the buyer’s order;

(e) not without the consent of the seller release any tenant or surety from liability to pay arrears or accept a surrender of or forfeit any tenancy under which arrears are due; and

(f) if the buyer disposes of the lot prior to recovery of all arrears obtain from the buyer’s successor in title a covenant in favour of the seller in similar form to part 3 of this condition G11.

G11.9 Where the seller has the right to recover arrears it must not without the buyer’s written consent bring insolvency proceedings against a tenant or seek the removal of goods from the lot.

G12. ManagementG12.1 This condition G12 applies where the lot is sold

subject to tenancies.G12.2 The seller is to manage the lot in accordance with its

standard management policies pending completion.G12.3 The seller must consult the buyer on all management

issues that would affect the buyer after completion (such as, but not limited to, an application for licence; a rent review; a variation, surrender, agreement to surrender or proposed forfeiture of a tenancy; or a new tenancy or agreement to grant a new tenancy) and:

(a) the seller must comply with the buyer’s reasonable requirements unless to do so would (but for the indemnity in paragraph (c)) expose the seller to a liability that the seller would not otherwise have, in which case the seller may act reasonably in such a way as to avoid that liability;

(b) if the seller gives the buyer notice of the seller’s intended act and the buyer does not object within five business days giving reasons for the objection the seller may act as the seller intends; and

(c) the buyer is to indemnify the seller against all loss or liability the seller incurs through acting as the buyer requires, or by reason of delay caused by the buyer.

G13. Rent depositsG13.1 This condition G13 applies where the seller is holding

or otherwise entitled to money by way of rent deposit in respect of a tenancy. In this condition G13 “rent deposit deed” means the deed or other document under which the rent deposit is held.

G13.2 If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer and, subject to the terms of the rent deposit deed, comply at the cost of the buyer with the buyer’s lawful instructions.

G13.3 Otherwise the seller must on completion pay and assign its interest in the rent deposit to the buyer under an assignment in which the buyer covenants with the seller to:

(a) observe and perform the seller’s covenants and conditions in the rent deposit deed and indemnify the seller in respect of any breach;

(b) give notice of assignment to the tenant; and (c) give such direct covenant to the tenant as may be

required by the rent deposit deed.G14. VATG14.1 Where a sale condition requires money to be paid or

other consideration to be given, the payer must also pay any VAT that is chargeable on that money or (a) of the buyer’s VAT registration; consideration, but only if given a valid VAT invoice.

G14.2 Where the special conditions state that no VAT option has been made the seller confirms that none has been made by it or by any company in the same VAT group nor will be prior to completion.

G15. Transfer as a going concern Where the special conditions so state: (a) the seller and the buyer intend, and will take all

practicable steps (short of an appeal) to procure, that the sale is treated as a transfer of a going concern; and

(b) this condition G15 applies. The seller confirms that the seller

(a) is registered for VAT, either in the seller’s name or as a member of the same VAT group; and

(b) has (unless the sale is a standard-rated supply) made in relation to the lot a VAT option that remains valid and will not be revoked before completion.

G15.3 The buyer confirms that: (a) it is registered for VAT, either in the buyer’s name

or as a member of a VAT group; (b) it has made, or will make before completion,

a VAT option in relation to the lot and will not revoke it before or within three months after completion;

(c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and

(d) it is not buying the lot as a nominee for another person.

G15.4 The buyer is to give to the seller as early as possible before the agreed completion date evidence:

(a) of the buyer’s VAT registration; (b) that the buyer has made a VAT option; and (c) that the VAT option has been notified in writing to

HM Revenue and Customs; and if it does not produce the relevant evidence at least

two business days before the agreed completion date, condition G14.1 applies at completion.

G15.5 The buyer confirms that after completion the buyer intends to:

(a) retain and manage the lot for the buyer’s own benefit as a continuing business as a going concern subject to and with the benefit of the tenancies; and

(b) collect the rents payable under the tenancies and charge VAT on them

G15.6 If, after completion, it is found that the sale of the lot is not a transfer of a going concern then:

(a) the seller’s conveyancer is to notify the buyer’s conveyancer of that finding and provide a VAT invoice in respect of the sale of the lot;

(b) the buyer must within five business days of receipt of the VAT invoice pay to the seller the VAT due; and

(c) if VAT is payable because the buyer has not complied with this condition G15, the buyer must pay and indemnify the seller against all costs, interest, penalties or surcharges that the seller incurs as a result.

G16. Capital allowancesG16.1 This condition G16 applies where the special

conditions state that there are capital allowances available in respect of the lot.

G16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer in connection with the buyer’s claim for capital allowances.

G16.3 The value to be attributed to those items on which capital allowances may be claimed is set out in the special conditions.

G16.4 The seller and buyer agree: (a) to make an election on completion under Section

198 of the Capital Allowances Act 2001 to give effect to this condition G16; and

71


(b) to submit the value specified in the special conditions to HM Revenue and Customs for the purposes of their respective capital allowance computations.

G17. Maintenance agreementsG17.1 The seller agrees to use reasonable endeavours to

transfer to the buyer, at the buyer’s cost, the benefit of the maintenance agreements specified in the special conditions.

G17.2 The buyer must assume, and indemnify the seller in respect of, all liability under such contracts from the actual completion date.

G18. Landlord and Tenant Act 1987G18.1 This condition G18 applies where the sale is a relevant

disposal for the purposes of part I of the Landlord and Tenant Act 1987.

G18.2 The seller warrants that the seller has complied with sections 5B and 7 of that Act and that the requisite majority of qualifying tenants has not accepted the offer.

G19. Sale by practitionerG19. This condition G19 applies where the sale is by a

practitioner either as seller or as agent of the seller.G19.2 The practitioner has been duly appointed and is

empowered to sell the lot.G19.3 Neither the practitioner nor the firm or any member

of the firm to which the practitioner belongs has any personal liability in connection with the sale or the performance of the seller’s obligations. The transfer is to include a declaration excluding that personal liability.

G19.4 The lot is sold: (a) in its condition at completion; (b) for such title as the seller may have; and (c) with no title guarantee; and the buyer has no right to terminate the contract or

any other remedy if information provided about the lot is inaccurate, incomplete or missing.

G19.5 Where relevant: (a) the documents must include certified copies

of those under which the practitioner is appointed, the document of appointment and the practitioner’s acceptance of appointment; and

(b) the seller may require the transfer to be by the lender exercising its power of sale under the Law of Property Act 1925.

G19.6 The buyer understands this condition G19 and agrees that it is fair in the circumstances of a sale by a practitioner.

G20. TUPEG20.1 If the special conditions state “There are no

employees to which TUPE applies”, this is a warranty by the seller to this effect.

G20.2 If the special conditions do not state “There are no employees to which TUPE applies” the following paragraphs apply:

(a) The seller must notify the buyer of those employees whose contracts of employment will transfer to the buyer on completion (the “Transferring Employees”). This notification must be given to the buyer not less than 14 days before completion.

(b) The buyer confirms that it will comply with its obligations under TUPE and any special conditions in respect of the Transferring Employees.

(c) The buyer and the seller acknowledge that pursuant and subject to TUPE, the contracts of employment between the Transferring Employees and the seller will transfer to the buyer on completion.

(d) The buyer is to keep the seller indemnified against all liability for the Transferring Employees after completion.

G21. Environmental G21.1 This condition G21 only applies where the special

conditions so provide.G21.2 The seller has made available such reports as the

seller has as to the environmental condition of the lot and has given the buyer the opportunity to carry out investigations (whether or not the buyer has read those reports or carried out any investigation) and the buyer admits that the price takes into account the environmental condition of the lot.

G21.3 The buyer agrees to indemnify the seller in respect of all liability for or resulting from the environmental condition of the lot.

G22. Service ChargeG22.1 This condition G22 applies where the lot is sold subject

to tenancies that include service charge provisions.G22.2 No apportionment is to be made at completion in

respect of service charges. G22.3 Within two months after completion the seller must

provide to the buyer a detailed service charge account for the service charge year current on completion showing:

(a) service charge expenditure attributable to each tenancy;

(b) payments on account of service charge received from each tenant;

(c) any amounts due from a tenant that have not been received;

(d) any service charge expenditure that is not attributable to any tenancy and is for that reason irrecoverable.

G22.4 In respect of each tenancy, if the service charge account shows that:

(a) payments on account (whether received or still then due from a tenant) exceed attributable service charge expenditure, the seller must pay to the buyer an amount equal to the excess when it provides the service charge account;

(b) attributable service charge expenditure exceeds payments on account (whether those payments have been received or are still then due), the buyer must use all reasonable endeavours to recover the shortfall from the tenant at the next service charge reconciliation date and pay the amount so recovered to the seller within five business days of receipt in cleared funds;

but in respect of payments on account that are still due from a tenant condition G11 (arrears) applies.

G22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller must pay the expenditure incurred in respect of the period before actual completion date and the buyer must pay the expenditure incurred in respect of the period after actual completion date. Any necessary monetary adjustment is to be made within five business days of the seller providing the service charge account to the buyer.

G22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure or a depreciation fund:

(a) the seller must pay it (including any interest earned on it) to the buyer on completion; and

(b) the buyer must covenant with the seller to hold it in accordance with the terms of the tenancies and to indemnify the seller if it does not do so.

G23. Rent reviewsG23.1 This condition G23 applies where the lot is sold

subject to a tenancy under which a rent review due on or before the actual completion date has not been agreed or determined.

G23.2 The seller may continue negotiations or rent review proceedings up to the actual completion date but may not agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, such consent not to be unreasonably withheld or delayed.

G23.3 Following completion the buyer must complete rent review negotiations or proceedings as soon as reasonably practicable but may not agree the level of the revised rent without the written consent of the seller, such consent not to be unreasonably withheld or delayed.

G23.4 The seller must promptly: (a) give to the buyer full details of all rent review

negotiations and proceedings, including copies of all correspondence and other papers; and

(b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings.

G23.5 The seller and the buyer are to keep each other informed of the progress of the rent review and have regard to any proposals the other makes in relation to it.

G23.6 When the rent review has been agreed or determined the buyer must account to the seller for any increased rent and interest recovered from the tenant that relates to the seller’s period of ownership within five business days of receipt of cleared funds.

G23.7 If a rent review is agreed or determined before completion but the increased rent and any interest recoverable from the tenant has not been received by completion the increased rent and any interest recoverable is to be treated as arrears.

G23.8 The seller and the buyer are to bear their own costs in relation to rent review negotiations and proceedings.

G24. Tenancy renewalsG24.1 This condition G24 applies where the tenant under

a tenancy has the right to remain in occupation under part II of the Landlord and Tenant Act 1954 (as amended) and references to notices and proceedings are to notices and proceedings under that Act.

G24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not without the written consent of the buyer (which the buyer must not unreasonably withhold or delay) serve or respond to any notice or begin or continue any proceedings.

G24.3 If the seller receives a notice the seller must send a copy to the buyer within five business days and act as the buyer reasonably directs in relation to it.

G24.4 Following completion the buyer must: (a) with the co-operation of the seller take immediate

steps to substitute itself as a party to any proceedings;

(b) use all reasonable endeavours to conclude any proceedings or negotiations for the renewal of the tenancy and the determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably obtainable; and

(c) if any increased rent is recovered from the tenant (whether as interim rent or under the renewed tenancy) account to the seller for the part of that increase that relates to the seller’s period of ownership of the lot within five business days of receipt of cleared funds.

G24.5 The seller and the buyer are to bear their own costs in relation to the renewal of the tenancy and any proceedings relating to this.

G25. Warranties G25.1 Available warranties are listed in the special conditions.G25.2 Where a warranty is assignable the seller must: (a) on completion assign it to the buyer and give

notice of assignment to the person who gave the warranty; and

(b) apply for (and the seller and the buyer must use all reasonable endeavours to obtain) any consent to assign that is required. If consent has not been obtained by completion the warranty must be assigned within five business days after the consent has been obtained.

G25.3 If a warranty is not assignable the seller must after completion:

(a) hold the warranty on trust for the buyer; and (b) at the buyer’s cost comply with such of the lawful

instructions of the buyer in relation to the warranty as do not place the seller in breach of its terms or expose the seller to any liability or penalty.

G26. No assignment The buyer must not assign, mortgage or otherwise

transfer or part with the whole or any part of the buyer’s interest under this contract.

G27. Registration at the Land RegistryG27.1 This condition G27.1 applies where the lot is leasehold

and its sale either triggers first registration or is a registrable disposition. The buyer must at its own expense and as soon as practicable:

(a) procure that it becomes registered at Land Registry as proprietor of the lot;

(b) procure that all rights granted and reserved by the lease under which the lot is held are properly noted against the affected titles; and

(c) provide the seller with an official copy of the register relating to such lease showing itself registered as proprietor.

G27.2 This condition G27.2 applies where the lot comprises part of a registered title. The buyer must at its own expense and as soon as practicable:

(a) apply for registration of the transfer; (b) provide the seller with an official copy and title plan for the buyer’s new title; and (c) join in any representations the seller may properly

make to Land Registry relating to the application.G28. Notices and other communicationsG28.1 All communications, including notices, must be in

writing. Communication to or by the seller or the buyer may be given to or by their conveyancers.

G28.2 A communication may be relied on if: (a) delivered by hand; or (b) made electronically and personally acknowledged

(automatic acknowledgement does not count); or (c) there is proof that it was sent to the address of the

person to whom it is to be given (as specified in the sale memorandum) by a postal service that offers normally to deliver mail the next following business day.

G28.3 A communication is to be treated as received: (a) when delivered, if delivered by hand; or (b) when personally acknowledged, if made

electronically; but if delivered or made after 1700 hours on a

business day a communication is to be treated as received on the next business day.

G28.4 A communication sent by a postal service that offers normally to deliver mail the next following business day will be treated as received on the second business day after it has been posted.

G29. Contracts (Rights of Third Parties) Act 1999 No one is intended to have any benefit under the

contract pursuant to the Contract (Rights of Third Parties) Act 1999.

G30. Extra General Conditions

72

AUTHORISATION FORM FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

TERMS & CONDITIONS FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

1. A prospective buyer wishing to make a telephone, proxy and/or internet bid (a “Bidder”) must complete, sign and date the form within this catalogue. Separate forms must be completed for each lot on which a bid is to be placed.

2. The form must be delivered to Network Auctions Limited, 133 The Parade, Watford, Hertfordshire WD17 1NA at least 24 hours prior to the start of the Auction together with the appropriate payment as mentioned below.

3. Forms must be accompanied by a deposit payment of 10% of the maximum bid (minimum £2,000). The deposit payment shall be made by cheque or bankers draft.

4. In the case of a proxy bid the Bidder authorizes the Auctioneers or their staff to bid on their behalf as their agent up to the maximum amount of the authorised bid the whole of the Bidder’s deposit will be used as deposit towards the purchase price. If the Bidder is unsuccessful the full amount of the Bidder’s deposit will be refunded to the Bidder promptly after the Auction (without interest).

5. In the case of a telephone bid a member of the Auctioneers’ staff will attempt to contact the

Bidder by telephone before the lot in question is offered for sale. If contact is made the Bidder may compete in the bidding through the Auctioneers’ staff. However if telephone contact cannot be made or the connection is lost the Bidder hereby authorises the Auctioneers and their staff to bid on their behalf up to the maximum authorised bid for the lot in question. If the Bidder is successful at a price which is less than the guide price the whole of the Bidder’s deposit will be used as a deposit towards the purchase price. If the Bidder is unsuccessful the full amount of the Bidder’s deposit will be refunded to the Bidder promptly after the Auction (without interest).

6. Internet Bidders accept access to Essential Information Group’s (EIG) services (via EIG or Network Auctions (NA) website or services) could be interrupted or withdrawn at any time. If you intend to bid via the internet you should also consider making an alternative provision for making bids prior to the auction, you must not rely on the use of EIG or NA services or the use of their websites to make bids because internet services may be interrupted by factors within and outside our control. Network Auctions have no liability if a bid fails to be received by us or if the bid is delayed or made in error for any reason.

7. If the Bidder is successful the Bidder hereby authorises the Auctioneers to sign the Memorandum of Agreement on their behalf.

8. If the Bidder wishes to withdraw or alter his instructions or to attend the Auction to bid it is their responsibility to notify the Auctioneers in writing before the Auction and also to notify the auctioneer in charge of the Auction before the lot in question is offered for sale.

9. The Auctioneers shall not be liable for any failure to bid due to inadequate or unclear instructions being received or for any other reason. The Auctioneers have absolute discretion as to whether or not and in what manner to bid.

10. The Bidder is deemed to have full knowledge of the General and Special Conditions of Sale and the Notice to All Prospective Buyers herein. The Bidder is also deemed to have full knowledge of any addendum produced by the Auctioneers at or prior to the Auction. The Bidder is therefore advised to check whether any relevant addendum has or will be produced but the Auctioneers will not be liable to the Bidder if he fails to so check.

Name ....................................................................................... Telephone (tick) Internet (tick) Proxy (tick)

Address ............................................................................................................................ Postcode ......................................................

TELEPHONE NUMBERS

Business ................................................... Home ............................................................ Mobile ..........................................................

Email ..........................................................................................................................................................................................................

I authorise Network Auctions Limited (“the Auctioneers”) to bid on my behalf whether by telephone, internet or proxy for the property referred to below subject to the Terms and Conditions for Bidding by Telephone, Internet or Proxy published in the Auctioneers’ catalogue and subject also to the General Conditions of Sale and the Special Conditions of Sale applicable and to any addendum produced at or prior to the Auction.

Address of Lot ................................................................................................................ Postcode ......................................................

Lot No. .......................................................................................................................................................................................................

Maximum bid (Figures) .............................................................................. (Words) ...............................................................................

N.B. The bid must be a specified amount. A bid which is expressed to be relative to any other bid will not be accepted. I attach a cheque/bankers draft for 10% of the maximum bid. If my bid is successful I confirm the Auctioneers are authorised to sign the Memorandum of Agreement on my behalf.

Solicitors ................................................................................................................... Solicitors Tel No. ................................................

Contact Name ................................................................................................................. Email .............................................................

Solicitors Address .......................................................................................................... Postcode ......................................................

Signed .............................................................................................................................. Date ..............................................................


memorandum

i/we .............................................................................................................................................................................................................

of .................................................................................................................................................................................................................

Postcode ........................................................................................................ email ...............................................................................

home tel. ............................................................................ mobile/business tel. ...............................................................................

Do hereby confirm that I have this day purchased the property described in the aforementioned particulars of Sale

as Lot number ..........................................................................................................

address ......................................................................................................................................................................................................

.....................................................................................................................................................................................................................

in the sum of £................................................... Subject to the General/common and Special conditions and that I have

paid to peNNycUIcK cOLLINS, The Auctioneers, the sum of £................................................... as a deposit and in part payment

of the purchase price and I hereby agree to pay the remainder of the said purchase money and to complete the said purchase

according to the aforementioned particulars and the General/common and Special conditions of Sale.

dated .................................................................................... ... day of ......................................................................................... 2015

Purchase money ....................................................................................................... Administration fee £750 + vAT

sub total .................................................................................................................... Less deposit .......................................................

balance to Pay ..........................................................................................................

buyers signature ......................................................................................................................................................................................

as agents for the seller ..........................................................................................................................................................................

we hereby confirm this sale and acknowledge receipt of the deposit in accordance with the within conditions.

signed on behalf of the seller ................................................................................ ..............................................................................

buyers solicitor ........................................................................................................................................................................................

....................................................................................................................................Postcode ..............................................................

tel no. .............................................................................................. Contact name ..............................................................................


E [email protected]

T 0121 665 4150


9 The Square, 111 Broad Street, Birmingham B15 1AS

P R O P E R T Y A U C T I O N C A T A L O G U E

ProPErTy To SEll?

Talk To uSWe are pleased to advise on all aspects of selling by auction and provide appraisals for properties anywhere in the UK.

Our unique approach combines major auction events in London and Birmingham with a network of partner firms throughout the country. Sellers benefit from the best of both worlds – expert local marketing combined with national exposure, it’s the right way to achieve the best possible price for your property.

FUTURE AUCTIONSLONDONThUrSDAy 7 MAy 2015

ThUrSDAy 9 JULy 2015

ThUrSDAy 10 SepTeMBer 2015

WeDNeSDAy 21 OcTOBer 2015

ThUrSDAy 10 DeceMBer 2015

BIrMINGhAMWeDNeSDAy 13 MAy 2015

WeDNeSDAy 15 JULy 2015

TUeSDAy 27 OcTOBer 2015

WeDNeSDAy 16 DeceMBer 2015

day one, London TUeSDAy 3 MArch 2015 at 2:00 pm

GrOSveNOr hOUSe hOTeL , 86-90 pArK LANe, LONDON W1K 7TN

day two, birmingham WeDNeSDAy 11 MArch 2015 at 11:00 am

The LeGeNDS LOUNGe, BIrMINGhAM cITy fOOTBALL cLUB, ST ANDreW’S STADIUM, BIrMINGhAM B9 4Nh


Date post:	25-Jul-2020
Category:	Documents
Upload:	others
View:	1 times
Download:	0 times