property auction catalogue atalogue

Transcription

LOCAL EXPERTISE | NATIONAL COVERAGE
E YEAR
•
15
20
TH
RT
AU
C TI
EO
F
Y
GR O S V E N O R HO USE HO TE L , 86- 90 PA R K LA NE ,
LO NDO N W1K 7TN
W
ARDS INNER
AW
PROPE
day one, London
THURSDAy 10 DECEMBER 2015 at 2:00 pm
• NA
VA
PROPERTY AUCTION CATALOGUE
ON HOUS
day two, birmingham
WEDNESDAy 16 DECEMBER 2015 at 11:00 am
THE L E G E ND S LO UNG E , B I R M I NG HA M CI Ty FO O TB A LL CLUB ,
ST AND R E W’S STA DI UM , B I R M I NG HA M B9 4NH
www.networkauctions.co.uk
NA_Cover_DEC 15.indd 3
17/11/2015 11:35
venue LoCations
grosvenor house hoteL
birmingham City footbaLL CLub
86-90 PARK LANE. LONDON W1K 7TN
ST ANDREW’S STADIUM, BIRMINGHAM B9 4NH
G
W
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VENETIA ROAD
ED
WATERY LANE
Heathrow Express
at Paddington Station
3/4 mile
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To M6
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GARRISON LANE
BO
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M1, M45 & M40
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HERBERT ROAD
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BIRMINGHAM CITY
FOOTBALL CLUB
ARTHUR ROAD
GR
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A4540 WATERY LANE
D
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ST
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TILTON ROAD
N
ST. ANDREW’S STREET
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Grosvenor House Hotel is located in
Central London’s elegant Mayfair district, on
world-famous Park Lane overlooking Hyde Park.
Birmingham City Football Club is located
just outside the city centre and just off the
A4540 Inner Circle ring road.
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 touches, including the original
Lutyens wrought-iron gates that lead into our elegant forecourt.
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.
Directions
Directions
nearest tube station:
Marble Arch
nearest train stations:
Birmingham New Street / Birmingham Moor Street
www.marriott.co.uk
www.bcfc.com
The 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.
Birmingham 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.
For more information on either auction date/venue, please contact us:
t 020 7871 0420 | e [email protected]
w w w. n e t w o r k a u c t i o n s . c o . u k
17/11/2015 11:35
ORDeR OF SALe: DAY One, LOnDOn
THURSDAY 10 DecembeR 2015 at 2:00 pm
G r o sv e no r Ho u se H o te l , 86- 90 Pa r k la ne , lo ndo n W1k 7tn
LOT ADDReSS
LOT ADDReSS
LOT ADDReSS
1
flat 3 aboyne, Waldron road, Harrow
on the Hill, middlesex, Ha1 3ln
11 Plot 6, maypole road, maldon,
essex, cm9 4ta
21 115 Pattiswick square, basildon,
essex, ss14 2rd
2
19 souther cross, Good easter,
chelmsford, essex, cm1 4rX
12 154a lancaster road, barnet,
Hertfordshire, en4 8al
22 7 lascelles Gardens, rochford,
essex, ss4 3bP
3
4a crayford Way, the Parade,
crayford, dartford, kent, da1 4Ja
13 flat 9, 82a Holloway road,
london, n7 8JG
23 37 drew street, brixham, devon,
tQ5 9la
4
11 finchley road, Westcliff-on-sea,
essex, ss0 8ad
5
flat 1, 1a Wellington square,
Hastings, east sussex, tn34 1Pb
14 Plot 35, Granborough road,
north marston, buckingham,
buckinghamshire, mk18 3Pa
24 Plot 11, lot a4b, Home farm,
Hulcote, towcester, northamptonshire,
nn12 7bb
15 Plot 81, Hale street, east Peckham,
tonbridge, kent, tn12 5Pd
25 land to the north of merrybook,
evesham, Worcestershire, Wr11 2Qf
16 flat 1, 82a Holloway road,
london, n7 8JG
26 14 Gordon road, Highcliffe,
christchurch, dorset, bH23 5Hn
17 139 meadgate avenue, chelmsford,
essex, cm2 7nH
27 Plot 6, new inns lane, rednal,
birmingham, West midlands, b45 9af
18 69 chapel lane, High Wycombe,
buckinghamshire, HP12 4bs
28 Plot 7, new inns lane, rednal,
birmingham, West midlands, b45 9af
19 the victoria, 56 middlesbrough road,
middlesbrough, cleveland, ts6 6lZ
29 56 friern Park, finchley, london,
n12 9dP
6
7
flat 5, 1a Wellington square,
Hastings, east sussex, tn34 1Pb
Garden flat, 4b Grosvenor road,
Watford, Hertfordshire, Wd17 2Qt
8
land adjoining 93 clarendon road,
luton, bedfordshire, lu2 7PJ
9
river Parrett inn, 11 salmon Parade,
bridgwater, somerset, ta6 5an
10 Plot 13, maypole road, maldon,
essex, cm9 4ta
20 34 luscombe road, Paignton,
devon, tQ3 3XW
ORDeR OF SALe: DAY TWO, bIRmInGHAm
WeDneSDAY 16 DecembeR 2015 at 11:00 am
bi r m inGHam city f o o tb al l club , st a ndr e W ’s sta di um , b i r m i nG Ha m b 9 4n H
LOT ADDReSS
LOT ADDReSS
LOT ADDReSS
30 61 daisy street, bilston,
Wolverhampton, Wv14 8QQ
39 401a Warwick road, tyseley,
birmingham, West midlands, b11 2Jr
47 92 baltimore road, birmingham,
Great barr, b42 1Qn
31 68 charnwood close, rubery,
birmingham, b45 0JZ
40 401b Warwick road, tyseley,
48 49 Gordon street, coventry,
West midlands, cv1 3et
32 9 church street, bromsgrove,
Worcestershire, b61 8dd
33 42 & 48 Pennine road, bromsgrove,
Worcestershire, b61 0te
49 25 & 26 bridge street,
stourport-on-severn,
Worcestershire, dy13 8ur
34 116 & 118 Pennine road, bromsgrove,
Worcestershire, b61 0tn
43 90-92 & 94-96 Worcester road
and 10 oxford road, malvern,
Worcestershire, Wr14 1ny
35 54, 64 & 66 Pennine road,
bromsgrove, Worcestershire, b61 0te
36 78, 82 & 132 Pennine road,
bromsgrove, Worcestershire, b61 0tG
37 1 Johns lane, tividale, oldbury, West
midlands, b69 3HX
38 land adjacent to 87 addison road,
birmingham, kings Heath, b14 7en
44 39 longmore road, shirley, solihull,
West midlands, b90 3dZ
50 25 bridge street,
51 26 bridge street,
45 10 Whitmore avenue, Werrington,
stoke-on-trent, staffordshire, st9 0lW
46 141 lordswood road, birmingham,
Harborne, b17 9bl
1
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
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.
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
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.
NA_EiG Internet Viewing_NA_EiG Internet Viewing 31/05/2011 17:09 Page 1
Internet Viewing -
Additional Auction Service - Internet Viewing
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 can
watch the bidding as it happens.
It is not possible to bid using this service.
The Essential Information Group Ltd
2
Tel: 0870 112 30 40
IDenTIFIcATIOn DOcUmenTS
Important Notice
Money 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
evidence of Address
• Current signed Passport
• Local Authority tax bill (current year)
• Current full UK Photo Card
driving licence
• A utility bill issued within the last
3 months
• Current full UK Driving Licence
(old version) (Provisional driving
licence will not be accepted)
• 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
• Bank Building Society or Credit
union statement
• Most recent original mortgage
statement from a uk lender
• Firearms Certificate
PRe-AUcTIOn OFFeRS
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.
cATALOGUe mAILInG LIST
Printed Catalogues
Email
Printed catalogues are available for each auction. We charge £15.00 plus vat
for a 12 month subscription, catalogues are sent by first class post.
Title (mr / mrs / ms) .......................................................................................................
email 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
First name .................................................................................................................
Website
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.
Surname.....................................................................................................................
Address .....................................................................................................................
a 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.
.....................................................................................................................................
Tel no. ........................................................................................................................
mobile ........................................................................................................................
133 the Parade, Watford,
Hertfordshire Wd17 1na
3
LOT
1
GUIDE PRICE:
HARROW ON THE HILL
FLAT 3 ABOYNE, WALDRON ROAD, MIDDLESEX, HA1 3LN
£310,000+
By order of the executor
An 2 double bedroom/2 bathroom conversion
flat within an attractive building, vacant.
Description/Location:
Situated just a short walk from Harrow on the Hill's High Street and
Harrow train station (0.6miles). A spacious second floor 2 double
bedroom flat (721 sq/ft, source EPC) with en-suite bathroom to the main
bedroom as well as a separate bathroom. The property also benefits
from a share of freehold and a parking space to the rear.
Accommodation:
Second Floor: Entrance hall, large living room with open plan kitchen,
bedroom with en-suite bathroom, 2nd bedroom, bathroom.
Outside: Parking space to the rear.
Energy Rating : D/62.
Tenure:
Share of freehold
To View:
Please contact Elliott Network Auctions on 020 7871 0420
Local Authority:
Harrow Council
020 8863 5611 www.harrow.gov.uk
4
GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE
LOT
2
CHELMSFORD
GUIDE PRICE:
19 SOUTHER CROSS, GOOD EASTER, ESSEX, CM1 4RX
£200,000 - £210,000
A 2 bedroom freehold house requiring
refurbishment, vacant.
The property is situated in a sought after village and provides attractive
views across farmland to the rear. The house would benefit from
refurbishment and provides potential for extension subject to the usual
consents.
Accommodation:
Ground Floor; Entrance hall and cloakroom / wc, living room, kitchen.
First Floor: Landing, 2 double bedrooms, bathroom.
Outside: Front garden and parking, rear garden 110ft.
Energy Rating: D/61
Tenure:
Freehold with vacant possession.
To View:
Please contact Elliott Network Auctions on 01923 240420
Local Authority:
Chelmsford City Council
01245 606606 www.chelmsford.gov.uk
5
LOT
3
GUIDE PRICE:
DARTFORD
4A CRAYFORD WAY, THE PARADE, CRAYFORD, KENT, DA1 4JA
£50,000+
Current Rental Value: £4200 pa
rising to £4750 from 25/12/2016
A freehold commercial investment
(approximately 400 sq ft built area, source lease plan) comprising a single storey retail
unit and forecourt, development potential, let
producing £4200 pa.
Ideally situated in a predominantly residential location close to the town
centre and Crayford Station (zone 6, 0.4 miles). St Paulinas School and
Haberdasher Aske's Academy are nearby. Let to Allergy UK (the seller
advises they have been in occupation since 1996 and that the lease is
contracted out of the Landlord & Tenant Act 1954 ) for 5 years from
25/12/2014 at a current rent of £4400 pa rising to £4750 pa from
25/12/2016. The property has potential for alternative commercial use
and residential development subject to the usual consents.
Accommodation:
Ground Floor: Trade area, kitchen and staff area, cloakroom / wc.
Outside: Forecourt.
Energy Rating: EPC commissioned
Tenure:
Freehold
To View:
Local Authority:
London Borough of Bexley
01322 524682 www.bexley.gov.uk
Auctioneers Note: on the fall of the gavel and in addition to the deposit
and buyers administration fee the buyer will pay £1200 including VAT
to the auctioneer as a contribution towards the sellers costs.
6
LOT
4
WESTCLIFF-ON-SEA
11 FINCHLEY ROAD, ESSEX, SS0 8AD
GUIDE PRICE:
£135,000+
Potential rental : £9,000 pa
A 2 bedroom ground floor flat situated in a
popular residential location, vacant
The property is situated in a residential road in Westcliff on Sea,
approximately 0.3 miles from Westcliff railway station and would make
an excellent rental investment, we estimate the current rental value is
750 pcm. The property is fitted with gas heating via radiators and
double glazing.
Accommodation:
Ground floor: Entrance hall, lounge, kitchen, 2 bedrooms, bathroom.
Tenure:
Leasehold for 99 years from 1984 - approximately 68 years remaining.
To View:
Please contact Balgores Network Auctions on 01268 271110
Local Authority:
Southend on Sea Borough Council
01702 215000 www.southend.gov.uk
7
LOT
5
HASTINGS
FLAT 1, 1A WELLINGTON SQUARE, EAST SUSSEX,
TN34 1PB
GUIDE PRICE:
£40,000 - £45,000
Estimated Rental Value: £4800 pa
A well presented, ground floor studio flat
let on an AST.
Ideally situated close to the town centre and seafront, Hastings
Station 0.3 miles. The flat is currently let on an AST producing
£330 pcm, we believe there is scope to increase the rent in line
with market rates to £400 pcm.
Accommodation:
Ground Floor: Communal entrance, dual aspect living room,
kitchen area, shower room.
Energy Rating: G/13
Tenure:
Leasehold: New 99 year lease from completion.
To View:
Local Authority:
Hastings Borough Council
01424 781066 www.hastings.gov.uk
LOT
6
HASTINGS
FLAT 5, 1A WELLINGTON SQUARE, EAST SUSSEX,
TN34 1PB
GUIDE PRICE:
£35,000 - £40,000
Estimated Rental Value: £4800 pa.
Ideal for investment or occupation, a
second floor studio flat with sea views,
vacant.
The flat is situated in an attractive building close to the town
centre and sea front and benefits from sea views.
Accommodation:
Second Floor: Communal entrance, front door to hallway, living
room, kitchenette and shower area, non-self contained wc.
Energy Rating: F/30
Tenure:
Leasehold - new 99 year lease from completion.
To View:
Local Authority:
Hastings Borough Council
01424 781066 www.hastings.gov.uk
8
LOT
7
GUIDE PRICE:
WATFORD
GARDEN FLAT, 4B GROSVENOR ROAD, HERTFORDSHIRE,
WD17 2QT
£185,000+
A ground floor maisonette (share of freehold)
with cellar and private garden requiring
refurbishment, development potential, vacant.
Ideally situated in a sought after residential location between the town
centre and Junction Station with potential to create additional
accommodation utilising the cellar.
Accommodation:
Ground Floor: Front door to entrance hall, living room with stairs down
to cellar (window and 6ft+ ceiling height), kitchen, bathroom, double
bedroom with door to private garden.
Outside: Private garden to the rear.
Tenure:
Shared freehold
To View:
Local Authority:
Watford Borough Council
01923 226400 www.watford.gov.uk
9
LOT
8
GUIDE PRICE:
LUTON
LAND ADJOINING 93 CLARENDON ROAD, BEDFORDSHIRE,
LU2 7PJ
£49,000+
A freehold site of 0.05 acres with lapsed
planning consent for the erection of a 2
bedroom detached bungalow, vacant.
The property is situated in a sought after residential location just off Old
Bedford Road, Luton station 0.4 miles. Planning was granted by Luton
Borough Council Ref: 10/00039/FUL on 01/04/2010 and lapsed in 2013
with access across land facing Wenslydale which is not included in this
title. We believe there is an opportunity to reinstate or upgrade the
planning consent utilising the accessway leading into Clarendon Road
across which the land has the benefit of a right of way.
Accommodation:
Proposed Accomodation: Entrance hall, living room and kitchen, 2
bedrooms, bathroom, gardens and parking.
Tenure:
Freehold, vacant.
To View:
Local Authority:
Luton Borough Council
Telephone: 01582 546000 | www.luton.gov.uk
10
LOT
9
GUIDE PRICE:
BRIDGWATER
RIVER PARRETT INN, 11 SALMON PARADE, SOMERSET, TA6 5AN £175,000+
A vacant freehold public house
The property is situated close to the town centre and comprises a ground floor pub with living
accommodation above and an enclosed beer garden and single storey skittle alley to the rear.
Accommodation:
Ground Floor Public bar with server, pool room, kitchen, beer cellar, male & female w.c.'s, skittle
alley.
Living Accommodation A ground floor lobby provides access to the kitchen and staircase to
first floor landing which has been previously used as a kitchenette. Access to living room, 2
double bedrooms, bathroom.
Outside Beer garden to the rear.
Energy Rating : D/100
Tenure:
Freehold
To View:
Local Authority:
Sedgmoor District Council
01278 435435 www.sedgmoor.gov.uk
VAT IS APPLICABLE TO THIS LOT
11
OUR
PARTNER
AUCTIONEERS
Balgores Network Auctions
Brentwood CM14 4DB
Tel: 01277 216800
www.balgoresproperty.co.uk
Fairview Network Auctions
London W1S 1DX
Tel: 020 3011 0177
www.fairviewnetworkauctions.com
Chelmsford CM1 1EH
Tel: 01245 492424
Goodchilds Network Auctions
Aldridge WS9 8PT
Tel: 01922 745512
www.goodchilds-uk.com
Hornchurch RM11 1RL
Tel: 01708 470756
Birmingham B3 3AG
Tel: 0121 506 7670
Romford RM1 2HU
Tel: 01708 755507
Burntwood WS7 0HQ
Tel: 01543 687803
Upminster RM14 2SU
Tel: 01708 259530
Cannock WS11 1BS
Tel: 01543 500011
Christies Network Auctions
Cheam SM3 8BU
Tel: 020 8770 1624
www.christiesworld.com
Erdington B23 6TE
Tel: 0121 270 9744
Cooke & Co Network Auctions
Cliftonville CT9 2QY
Tel: 01843 231833
www.cookeandco.com
Lichfield WS13 6LL
Tel: 01543 251310
Diamond Move Network Auctions
Hounslow TW4 5JP
Tel: 020 8577 8855
www.diamondmove.co.uk
Stafford ST16 2JU
Tel: 01785 225791
Elliott Network Auctions
Watford WD17 1NA
Tel: 01923 240420
Stoke-on-Trent ST1 1EG
Tel: 01782 206713
Sutton Coldfield B74 4AA
Tel: 0121 323 4691
Tamworth B79 7HL
Tel: 01827 54156
Telford TF1 1DG
Tel: 01952 701019
Walsall WS3 2EX
Tel: 01922 711444
Wednesbury SW10 7HQ
Tel: 0121 506 7670
Wednesfield WV11 1SP
Tel: 01902 305044
Wolverhampton WV1 1TX
Tel: 01902 267111
Grey & Co Network Auctions
Wembley HA0 2AF
Tel: 020 8903 3909
www.greyandco.net
Grey & Co Network Auctions
Wembley Park HA9 9JS
Tel: 020 8904 1235
www.greyandco.net
Haarer & Motts Network Auctions
Devon TQ1 3HP
Tel: 01803 322557
www.haarerandmotts.co.uk
Haigh Network Auctions
Bristol BS6 7PY
Tel: 0117 973 5889
www.haighandsons.co.uk
Hartwell Network Auctions
Aylesbury HP20 2LD
Tel: 01296 710200
www.hartwellpartnership.co.uk
Hill & Clark Network Auctions
Boston PE21 7TQ
Tel: 01205 352019
www.hillandclark.co.uk
Labbett Coast & Country
Property Auctions
Malden (Essex)
Tel: 01702 445584
Richard Godsell
Network Auctions
Highcliffe BH23 5ET
Tel: 01425 272163
www.richardgodsell.com
Lane & Holmes
Network Auctions
Bedford MK40 2QH
Tel: 01234 327744
www.hea.co.uk
Richard Godsell
Network Auctions
Southbourne BH6 3RE
Tel: 01202 424214
Lettings & Sales
Network Auctions
Birmingham B23 6LT
Tel: 0121 603 2727
www.lettings-sales.com
Marshalls Network Auctions
Royston SG8 9LD
Tel: 01763 247788
www.marshallsproperties.co.uk
Olive Branch
Network Auctions
Canary Wharf E14
Tel: 020 8269 2469
www.olivebranchestate.co.uk
Pennycuick Collins
Network Auctions
Birmingham B16 8PE
Tel: 0121 456 1700
www.pennycuick.co.uk
Power Bespoke
Network Auctions
Reigate RH2 9RJ
Tel: 01737 246777
www.powerbespoke.co.uk
Property Hub Network Auctions
Harrow HA0 3HS
Tel: 020 8903 1002
www.propertyhubltd.com
Quay Living Network Auctions
Poole BH5 1EG
Tel: 01202 683444
www.quayliving.co.uk
Queens Park Network Auctions
London NW6 6NH
Tel: 020 7372 5950
www.queensparkrealestates.co.uk
Richard Godsell
Network Auctions
Christchurch BH23 1BW
Tel: 01202 499466
Roberts Newby
Network Auctions
Chalfont St Giles HP8 4QF
Tel: 01494 871991
www.robertsnewby.com
Roberts Newby
Network Auctions
Gerrards Cross SL9 8PJ
Tel: 01753 891188
www.robertsnewby.com
Shaw & Co
Network Auctions
Hayes UB4 0RW
Tel: 020 8561 6888
www.shawandcoestates.com
Shaw & Co
Network Auctions
Hounslow TW5 0LH
Tel: 020 8570 7258
www.shawandcoestates.com
SIA Network Auctions
Brighton, West Sussex
Tel: 01273 636545
www.siagroup.co.uk
St. Quintin Property Group
Network Auctions
Ferndown BH22 9HZ
Tel: 01202 877123
www.stqpropertygroup.co.uk
Surelock Network Auctions
Birmingham B25 8AQ
Tel: 0121 400 7980
www.surelockhomes.co.uk
Thurman Rye Network Auctions
Southampton SO31 5DG
Tel: 023 8045 8054
www.thurmanrye.co.uk
Tudor Network Auctions
Southend on Sea SS2 6NE
Tel: 01702 346818
www.trustintudor.co.uk/auctions
Woodland Network Auctions
Ilford IG1 4TD
Tel: 020 8554 5544
www.woodlandltd.co.uk
To find out more about selling property at auction or
to discuss becoming an auction partner please contact us.
30
020 7871 0420 | [email protected]
LOT
10
MALDON
PLOT 13, MAYPOLE ROAD, ESSEX, CM9 4TA
GUIDE PRICE:
NO
RESERVE
No Reserve
By order of the executors
A freehold parcel of land (0.15 acres /
6546 sq ft, source title plan), vacant.
The land is situated near to Maypole Road between Heybridge
and Wycombe Bishops, speculative future development
potential subject to planning.
Tenure:
Freehold with vacant possession
Enquiries:
Please contact Network Auctions on 020 7871 0420
Local Authority:
Maldon District Council
01621 854477 maldon district council
On the fall of the gavel and in addition to the deposit and
buyers administration fee the buyer will pay the auctioneer
£600 including VAT as a contribution towards the sellers
auction costs.
LOT
11
MALDON
PLOT 6, MAYPOLE ROAD, ESSEX, CM9 4TA
GUIDE PRICE:
NO
RESERVE
No Reserve
4038 sq ft), vacant.
The land is situated near to Maypole Road between Heybridge
and Wycombe Bishops, speculative future development
potential subject to planning.
Tenure:
Enquiries:
Local Authority:
Maldon District Council
01621 854477 maldon district council
auction costs.
13
LOT
12
BARNET
GUIDE PRICE:
154A LANCASTER ROAD, HERTFORDSHIRE, EN4 8AL
£225,000+
Estimated Rental Value: £15,000 pa
A 2 bedroom first floor flat that has been
completely refurbished, ideal for occupation or
rental investment, vacant.
The property is situated in a popular residential location at the junction
of Lancaster Road and Longmore Avenue, Cockfosters tube 1 mile,
New Barnet station 0.4 miles. Features include wooden floors, gas
heating via radiators and double glazed windows. We estimate the
current rental value is £1250 pcm.
Accommodation:
First Floor: Entrance hall, sitting room, kitchen, bathroom, 2 bedrooms.
Tenure:
Leasehold with vacant possession.
To View:
Local Authority:
London Borough of Barnet
020 8359 2000 www.barnet.gov.uk
14
LOT
13
GUIDE PRICE:
LONDON
£140,000+
FLAT 9, 82A HOLLOWAY ROAD, N7 8JG
A top floor studio flat, let on an AST
producing £6000 pa.
The property is situated in central London close to the
exclusive shops and restaurants of Highbury and Islington,
London Metropolitan University is within 0.2 miles, Highbury &
Islington tube 0.3 miles. The flat is currently let on an AST (now
periodic) producing £500 pcm, we estimate the current rental
value is £800 pcm.
Accommodation:
A top floor studio apartment comprising, studio room, kitchen,
bathroom.
Tenure:
Leasehold
To View:
Please contact Fairview International Network Auctions on 0203
011 0177
Local Authority:
Islington council
020 7527 2000 www.islington.gov.uk
LOT
14
BUCKINGHAM
PLOT 35, GRANBOROUGH ROAD, NORTH MARSTON,
BUCKINGHAMSHIRE, MK18 3PA
GUIDE PRICE:
NO
RESERVE
No Reserve
The land is situated to the east of residential dwellings at
Elmers Meadow with potential for storage / agricultural use and
a speculative opportunity for future development subject to
planning.
Tenure:
Freehold, vacant possession.
Enquiries:
Local Authority:
Aylesbury Vale District Council
01296 585858 www.aylesburyvaledc.gov.uk
auction costs.
15
LOT
15
TONBRIDGE
PLOT 81, HALE STREET, EAST PECKHAM, KENT, TN12 5PD
GUIDE PRICE:
NO
RESERVE
No Reserve
The land is situated to the north of Whitebine Gardens and
Henham Gardens and south of Hale Street. Potential for
storage and agricultural uses and speculative future
development potential subject to planning.
Tenure:
Freehold, vacant possession.
Enquiries:
Local Authority:
Tonbridge & Malling District Council
01732 844522 www.tmbc.gov.uk
auction costs.
LOT
16
LONDON
FLAT 1, 82A HOLLOWAY ROAD, N7 8JG
GUIDE PRICE:
£295,000+
Estimated Rental Value: £15,000 pa
A 1 bedroom first floor flat situated in a
central location, ideal for occupation or
rental investment, vacant.
The property is situated in central London close to the
exclusive shops and restaurants of Highbury and Islington,
London Metropolitan University is within 0.2 miles, Highbury &
Islington tube 0.3 miles. We estimate the current rental value is
£1250 pcm.
Accommodation:
First Floor: Entrance hall, sitting room, kitchen and utility room,
bedroom, bathroom.
Energy Rating: D/69
Tenure:
Leasehold for 122 years from 14/05/2015.
To View:
Please contact Fairview International Network Auctions on 0203
011 0177
Local Authority:
Islington council
020 7527 2000 www.islington.gov.uk
16
LOT
17
CHELMSFORD
139 MEADGATE AVENUE, ESSEX, CM2 7NH
GUIDE PRICE:
£115,000+
A 1 bedroom purpose built ground floor flat
(516 sq ft, source EPC) requiring
refurbishment, vacant.
The property is situated in a popular residential location, Chelmsford
Station 1.2 miles. The flat provides UPVC double glazing and gas
heating via radiators but will benefit from cosmetic refurbishment. An
ideal first time buy or rental investment.
Accommodation:
Ground Floor: Hall, living room, kitchen, double bedroom, lobby,
bathroom and separate wc.
Outside: Communal gardens.
Energy Rating: C/70
Tenure:
Leasehold: 125 years from 1989, ground rent £150 pa.
To View:
Local Authority:
Chelmsford City Council
01245 606606 www.chelmsford.gov.uk
17
LOT
18
GUIDE PRICE:
HIGH WYCOMBE
69 CHAPEL LANE, BUCKINGHAMSHIRE, HP12 4BS
£305,000+
3 Bedroom detached house requiring
modernisation. Vacant.
Situated to the west of High Wycombe's town centre, a 3 bedroom
detached house requiring modernisation, with a large rear garden (total
grounds of approx. 0.14 acres).
The property would be suitable for extension to the rear or potential
redevelopment subject to planning.
Accommodation:
Ground Floor Entrance hall, living room, dining room, kitchen.
First Floor 3 bedrooms.
Outside Large rear garden.
Tenure:
Freehold
To View:
Local Authority:
Wycombe District Council
01494 461000 www.wycombe.gov.uk
18
LOT
19
MIDDLESBROUGH
THE VICTORIA, 56 MIDDLESBROUGH ROAD, CLEVELAND,
TS6 6LZ
GUIDE PRICE:
£45,000+
A vacant freehold public house (4284 sq ft source EPC) with
planning permission to convert to 10 flats
A 3 storey detached former public house available with vacant possession. Planning permission
was passed by Redcar & Cleveland Borough Council on January 26th 2015 (Planning Ref No.
R/2014/0667/FFM) for conversion of the existing building to 5 x 2 bedroom flats & 5 x 1
bedroom flats.
Accommodation:
Existing Accommodation Comprising ground, first and second floors.
Proposed Accommodation
Ground Floor: 3 x 2 bedroom flats, ground floor level of Flat 4, (a 2 bedroom flat with
accommodation on ground & first floors).
First Floor: 1 x 2 bedroom flat, 2 x 1 bedroom flat, first floor accommodation for Flat 4.
Second Floor 3 x 1 bedroom flats.
Tenure:
Freehold
To View:
Local Authority:
Redcar and Cleveland Borough Council
01642 774774 www.redcar-cleveland.gov.uk
19
LOT
20
PAIGNTON
34 LUSCOMBE ROAD, DEVON, TQ3 3XW
GUIDE PRICE:
£225,000+
A 3-4 bedroom detached bungalow occupying a
generous plot with 2 driveways and an adjoining
garage. Offering versatile accommodation and
the scope to extend subject to planning, vacant.
Well planned and spacious accommodation with double glazing and
central heating.
Located just off the A380 providing good access to Plymouth and Exeter
with Paignton town centre approx. 1 mile.
Accommodation:
Ground floor: Entrance hall, cloakroom, lounge, kitchen, dining area, 3
bedrooms, utility/bedroom 4, bathroom.
Outside: A good level frontage with 2 driveways allowing space for
caravan/boat, one of which leads to an attached garage with inspection
pit. The rear garden is mainly laid to lawn.
Tenure:
Freehold with vacant possession.
To View:
Please contact Taylors Estate Agents on 01803 663561
Local Authority:
Torbay Council
01803 201201 www.torbay.gov.uk
20
LOT
21
BASILDON
115 PATTISWICK SQUARE, ESSEX, SS14 2RD
GUIDE PRICE:
£75,000 - £80,000
Estimated Rental Value: £7,200 pa.
A ground floor studio flat, ideal buy to let
investment, vacant
A ground floor, purpose built studio flat located in the popular
residential area of Fryens with double glazing and gas central heating.
We estimate the current rental value is £600 pcm.
Accommodation:
Ground floor: : Entrance hall, living/bedroom area, kitchen, bathroom,
communal gardens.
Tenure:
Leasehold : 125 year lease from October 2004 at a ground rent of £10
per annum.
To View:
Please contact Balgores Network Auctions on 01268 271110
Local Authority:
Basildon Council
01268 294949 www.basildon.gov.uk
Auctioneers Note: On the fall of the gavel and in addition to their
deposit the buyer will pay to the auctioneer the sum of £600 including
VAT by way of contribution towards the sellers auction costs.
21
LOT
22
ROCHFORD
7 LASCELLES GARDENS, ESSEX, SS4 3BP
GUIDE PRICE:
£200,000 - £210,000
A 2 bedroom detached bungalow in need of
modernisation, development potential, vacant.
The property is situated in a popular residential area with a 60ft south
facing garden, off street parking and carport. Convenient for local
amenities and being approx. 1.4 miles from Rochford Mainline station.
The property provides scope to extend subject to the usual planning
conditions.
Accommodation:
Ground floor: Entrance hall, lounge/diner, two bedrooms, kitchen,
shower room, sun room.
Outside: South backing garden, front garden, car port, off street
parking.
Tenure:
To View:
Please contact Tudor Network Auctions on 01702 346818
Local Authority:
Rochford District Council
01702 546366 www.rochford.gov.uk
22
LOT
23
GUIDE PRICE:
BRIXHAM
Refer
37 DREW STREET, DEVON, TQ5 9LA
A freehold building requiring refurbishment and
repair.
Situated in a residential area with strong demand for rental
accommodation. We are advised that the side elevation was let as an
advertising hoarding at £40 per week.
Tenure:
Freehold
To View:
Please contact Charles Darrow on 01626 330022
23
LOT
24
TOWCESTER
GUIDE PRICE:
NO
RESERVE
No Reserve
PLOT 11, LOT A4B, HOME FARM, HULCOTE,
NORTHAMPTONSHIRE, NN12 7BB
2239 sq ft, source - title plan), vacant.
The land is situated east of the A43 and opposite the junction
with Northampton Road. Potential for storage and agricultural
type uses with speculative potential for future development
subject to planning.
Tenure:
Freehold - vacant possession.
Enquiries:
Local Authority:
South Northamptonshire Council
01327 322322 www.southnorthants.gov.uk
auction costs.
LOT
25
GUIDE PRICE:
EVESHAM
LAND TO THE NORTH OF MERRYBOOK, WORCESTERSHIRE,
WR11 2QF
NO
RESERVE
No Reserve
Freehold Land of approx 0.8 acres
(coloured yellow on the plan).
Freehold land of approx. 0.8 acres situated to the north of
Merrybrook, Evendene Road and Highfield Road adjacent to
existing urban development. Evesham is a market town roughly
equidistant between Worcester, Cheltenham and Stratfordupon-Avon.
Tenure:
Freehold
Enquiries:
Local Authority:
Worcestershire County Council
01905 763763 www.worcestershire.gov.uk
auction costs.
24
Secured
loans
Residential
mortgages
Nick Jones
Tracey Bailey
Bridging
finance
All
together
now.
Buy-to-let
and
commercial
mortgages
Irene Thomas
Chris Baguley
If you liked us as Auction Finance,
you’re going to love us as Together.
As a group, we’ve been lending for over 40 years and we’re able
to help with bridging finance, residential mortgages, secured
loans, commercial and buy-to-let mortgages.
There’s a new name and still the same expert knowledge
available in person at auctions up and down the country. Good
property doesn’t hang around, so neither will we when it comes
to securing your funding. People, not computers make our
lending decisions. It’s just common sense.
For fast, flexible auction finance call
the auction team on 0161 933 7155
For other products visit togethermoney.com
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Together is a trading style of Auction Finance Limited. Auction Finance Limited is registered in England and Wales Company Registration Number 04949929. Registered office address: Lake View, Lakeside, Cheadle, Cheshire SK8 3GW.
Auction
finance
Scott Hendry
LOT
26
GUIDE PRICE:
CHRISTCHURCH
14 GORDON ROAD, HIGHCLIFFE, DORSET, BH23 5HN
£350,000 - £380,000
A freehold detached bungalow requiring
refurbishment occupying a site of 0.4 acres,
development potential, vacant.
The property is situated in the centre of Highcliffe with easy access to
the cliff top and beach, Hinton Admiral station 1 mile. The site provides
potential for development and the opportunity to create more dwellings
subject to planning.
Accommodation:
Ground Floor: Entrance hall, living room, kitchen and utility room, 3
bedrooms, bathroom.
Outside: The property is set back from the road with extensive gardens
and several outbuildings.
Tenure:
Freehold
To View:
Local Authority:
Christchurch Borough Council
01305 251000 www.dorsetforyou.gov.uk
26
LOT
27
GUIDE PRICE:
BIRMINGHAM
PLOT 6, NEW INNS LANE, REDNAL, WEST MIDLANDS,
B45 9AF
NO
RESERVE
No Reserve
A freehold site of 0.21 acres / 9422 sq ft),
vacant.
The land is situated between Gunner Lane and New Inns Lane,
speculative future development potential subject to planning.
Tenure:
Freehold, vacant.
Enquiries:
Local Authority:
Birmingham City Council
0121 303 1111 www.birmingham.gov.uk
auction costs.
LOT
28
BIRMINGHAM
GUIDE PRICE:
PLOT 7, NEW INNS LANE, REDNAL, WEST MIDLANDS,
B45 9AF
NO
RESERVE
No Reserve
5330 sq ft), vacant.
The land is situated between Gunner Lane and New Inns Lane,
speculative future development potential subject to planning.
Enquiries:
Local Authority:
Birmingham City Council
0121 303 1111 www.birmingham.gov.uk
auction costs.
27
LOT
29
LONDON
56 FRIERN PARK, FINCHLEY, N12 9DP
GUIDE PRICE:
£350,000+
Current Rental Value: £14,400 pa
A well presented 2 bedroom, ground floor
maisonette (646 sq ft, source EPC) with private
gardens and off street parking, let on an AST
producing £14,400 pa.
Situated in a sought after residential location, Woodside Park
underground station 0.6 miles, West Finchley 0.8 miles. The property is
let on an AST for 3 years from 07/09/2013 at a rent of £1200 pcm and
provides gas heating via radiators, double glazing and a modern fitted
kitchen and bathroom. There are gardens to the front and rear with a
secure parking space to the rear with electric gates proving access to
Northwood Gardens.
Accommodation:
Ground Floor: Front door to entrance hall, living room, kitchen, 2
double bedrooms, bathroom.
Outside: Private gardens to the front and rear, parking to the rear with
electric gate access.
Energy Rating: D/67
Tenure:
Leasehold - 218 years from 29/09/1958
To View:
Local Authority:
London Borough of Barnet
020 8359 2000 www.barnet.gov.uk
28
LOT
29A
SOUTHAMPTON
38 LINCOLN COURT, HAMPSHIRE, SO15 7PY
GUIDE PRICE:
£120,000+
By order of the mortgagees in possession.
A 2 bedroom first floor flat (678 sq ft, source
EPC) requiring refurbishment with a garage to
the rear, vacant.
The property is situated in the sought after Upper Shirley area and
opposite Southampton Common open space, the University of
Southampton Campuses at Highfield and Avenue and University
Hospital are nearby.
Accommodation:
First Floor: Front door to entrance hall, living room, kitchen, 2
bedrooms, bathroom.
Outside: Garden, garage to the rear.
Energy Rating: D/58
Tenure:
Leasehold for 999 years from 01/07/1974
To View:
Local Authority:
Southampton City Council
023 8083 3000 www.southampton.gov.uk
29
DAY TWO: BIRMINGHAM
WEDNESDAY 16 DECEMBER 2015 at 11:00 am
t he l e ge n ds lo ung e , birmin g ha m city footba ll club,
s t an dr e w ’s sta dium, birming ha m b9 4 nh
29
LOT
30
GUIDE PRICE:
BILSTON
61 DAISY STREET, WOLVERHAMPTON, WV14 8QQ
£45/50,000
Freehold Three Bedroom Semi Detached House
Status:
Vacant Possession.
Location:
The property is situated on Daisy Street opposite its junction with
Fieldview Close.
The property is around 0.6 of a mile from Coseley Railway Station and
around 1.4 miles south of Bilston town centre and the Black Country
Route.
Description:
The property is a traditionally styled semi detached house in a well
established residential area.
The property benefits from gas radiator central heating and double
glazing and is in need of some repair.
There is a driveway to the front offering off-road parking space.
Accommodation:
Ground Floor: Fully enclosed porch, entrance hall, front reception
room, dining kitchen.
First Floor: Landing, three bedrooms, bathroom.
Outside: The front garden provides parking space and there is a
good size rear garden with a paved patio.
Tenure:
Freehold.
Completion:
Completion is required twenty working days after exchange of
contracts.
© Crown copyright and database rights 2015 OS 100047514
31
LOT
31
GUIDE PRICE:
BIRMINGHAM
£90,000
68 CHARNWOOD CLOSE, RUBERY, B45 0JZ
A 3 Bedroom Town House - Freehold
Status:
Vacant Possession.
Location:
Charnwood Close is a cul-de-sac off Holly Hill Road which can be
approached from Frogmill Road.
The property is around 1.5 miles from Northfield town centre and
occupies a pleasant position on Birmingham's south western fringe.
Description:
68 Charnwood Close is a mid town house residence offering both gas
radiator central heating and double glazing.
The property would be an excellent letting investment and the
auctioneers estimate its rental value is around £600 per month (£7,200
per annum).
Accommodation:
Ground Floor: Entrance hall, lounge, breakfast kitchen (with patio
doors to rear garden).
First Floor: Landing, 3 bedrooms, bathroom with shower.
Gardens: There are lawned gardens to both front and rear.
Parking: There are parking bays in Charnwood Close.
Tenure:
Freehold.
Completion:
contracts.
32
LOT
32
GUIDE PRICE:
BROMSGROVE
9 CHURCH STREET, WORCESTERSHIRE, B61 8DD
£100/110,000
Freehold Commercial/Residential Investment
Location:
The property is within the pedestrian shopping area of Bromsgrove
town centre between Crown Close and High Street.
There are extensive parking facilities close to the town centre, including
at Asda which is around two minutes' walk.
Description:
The property is a prominently positioned three storey freehold building
that comprises a retail shop to the ground floor and a self contained flat
to both the first floor and second floor.
The shop is let to Cheque Centres Ltd on a ten year lease from 4th April
2012 at a rent of £12,000 per annum. The lease provides for a rent
review on 4th April 2017 and there is a 'break clause' in the tenant's
favour on 4th April 2017 (subject to the tenant serving notice six months
prior). The rent is demanded monthly and paid reliably.
The first floor flat is known as Flat 1, 9 Church Street and the second
floor flat is known as Flat 2, 9 Church Street. Flat 1 is subject to a lease
for a term of 85 years from 14/11/1980 and Flat 2 is subject to a lease
for a term of 85 years from 1/1/1980 at ground rents of £25 per annum.
The unexpired terms of the leases are therefore around 50 years for Flat
1 and around 49 years for Flat 2. The two lessees have the right to
extend their leases by 90 years subject to payment of a suitable
premium to the freeholder.
Total income is currently £12,050 per annum.
Tenure:
Freehold.
Completion:
contracts.
33
LOT
33
GUIDE PRICE:
BROMSGROVE
42 & 48 PENNINE ROAD, WORCESTERSHIRE, B61 0TE
£6,000
Freehold Ground Rent Investment - Parcel of 2
Location:
Pennine Road is around a mile north of Bromsgrove town centre and
lies off Stourbridge Road (B4091).
Description:
Two freehold ground rent investments secured on mid town houses.
The upper photograph is house number 48 and the lower is house
number 42.
The buyer's administration fee for this lot is reduced to £250 plus vat.
Tenure:
Freehold - subject to leases for a term of 99 years from 25th March
1973.
The unexpired terms are approximately 56 years.
The current ground rents are £52.50 per annum, rising to £70 per
annum in 2039.
The ground rent management of these properties is currently
undertaken by Pennycuick Collins and the rent accounts are all up to
date.
Completion:
contracts.
LOT
34
GUIDE PRICE:
BROMSGROVE
116 & 118 PENNINE ROAD, WORCESTERSHIRE, B61 0TN
£6,000
Location:
Description:
Two freehold ground rent investments secured on mid town houses.
The photograph is house number 118 and the map relates to lot
numbers 41 to 44.
Tenure:
1973.
annum in 2039.
date.
Completion:
contracts.
34
LOT
35
GUIDE PRICE:
BROMSGROVE
54, 64 & 66 PENNINE ROAD, WORCESTERSHIRE, B61 0TE
£9,450
Location:
Description:
Three freehold ground rent investments secured on end town houses.
number 64.
Tenure:
1973.
annum in 2039.
date.
Completion:
contracts.
LOT
36
BROMSGROVE
GUIDE PRICE:
78, 82 & 132 PENNINE ROAD, WORCESTERSHIRE, B61 0TG
£10,500
Location:
Description:
Three freehold ground rent investments secured on semi detached
houses.
number 78.
Tenure:
1973.
annum in 2039.
date.
Completion:
contracts.
35
LOT
37
OLDBURY
1 JOHNS LANE, TIVIDALE, WEST MIDLANDS, B69 3HX
GUIDE PRICE:
£350,000+
Four Storey Office Building on 3 Acre Site
Status:
Vacant Possession - FREEHOLD.
Location:
The property occupies a prominent position at the junction of Tipton
Road (A457) and Johns Lane, around 2.6 miles from M5 junction2 and
8 miles west of Birmingham city centre.
Description:
The property is known as THE STONES BUILDING and forms a
purpose built four storey office building with approximately 23,000 sq.ft
(2,139 sq.m) 'net internal area' of space.
The accommodation offers flexible space consisting of various size
offices and rooms with ample kitchen and wc facilities. The ground, first
and second floor are each around 7,000 sq.ft and the second floor is
around 1,500 sq.ft.
The site is around 3.025 acres, provides extensive parking and storage
facilities and fronts the busy Tipton Road.
The site is fully fenced and there are several gated access points.
EPC rating - D/100.
The site may be suitable for redevelopment subject to the necessary
planning consents.
This lot is subject to VAT.
Completion:
contracts.
36
LOT
37
OLDBURY
1 JOHNS LANE, TIVIDALE, WEST MIDLANDS, B69 3HX
GUIDE PRICE:
£350,000+
37
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LOT
38
GUIDE PRICE:
KINGS HEATH
LAND ADJACENT TO 87 ADDISON ROAD, BIRMINGHAM, B14 7EN
£70,000+
Freehold Land Site with Development Potential
Status:
Vacant Possession.
Location:
The land is situated on Addison Road close to its junction with
Goldsmith Road and to the right hand side of house number 87.
Addison Road lies directly off Kings Heath High Street.
Description:
The property is a piece of freehold land between house number 87 and
Goldsmith Road.
The site is level, 'regularly shaped' and has direct road frontage to
Addison Road.
The frontage to Addison Road is approximately 30 feet (9.1 meters) and
the overall site has an area of approximately 360 square yards (300
square meters).
The site has significant potential for development, subject to obtaining
the necessary planning permission. Interested parties should direct
planning related enquiries to Birmingham City Council's Planning
Department (0121-303-1115).
Interested parties can self-view the site from the roadside.
Tenure:
Freehold.
Completion:
contracts.
39
LOT
39
GUIDE PRICE:
BIRMINGHAM
401A WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR
£46/50,000
First Floor Flat let on an AST - 113 year lease
Location:
The flat forms part of a purpose built block facing Warwick Road from
the front and facing Weston Lane to the rear.
Description:
A first floor flat let on an Assured Shorthold Tenancy at £375 per month
(£4,500 per annum).
The letting commenced on 14/6/2013 and the rent account is well
conducted. The letting is managed by Nicholas George Letting Agents
based in Moseley.
In addition there is a garage that is let separately at £30 per month
(£360 per annum).
Total rental income is £4,860 per annum.
Accommodation:
The block has a gated approach off Weston Lane leading to a mainly
lawned communal garden with drying area.
The flat offers an entrance hall, lounge, kitchen, one double bedroom
and bathroom with shower.
Tenure:
The property is leasehold for a term of 125 years from 25/3/2004 at a
ground rent of £50 per half year.
The unexpired term is approximately 113 years.
Completion:
contracts.
40
LOT
40
GUIDE PRICE:
BIRMINGHAM
401B WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR
£46/50,000
Second Floor Flat let on an AST: 113 year lease
Location:
Description:
A second floor flat let on an Assured Shorthold Tenancy at £375 per
month (£4,500 per annum).
based in Moseley.
There is a garage, fronting Weston Lane, that is included in the lease
but that is not included in the AST letting. This garage could be let
separately to generate additional rental income and the Auctioneers'
estimate that the rental value is around £10 per week (£520 per
annum). Alternatively the garage could be sold individually to generate
a capital sum.
Accommodation:
Tenure:
Completion:
contracts.
41
LOT
41
GUIDE PRICE:
BIRMINGHAM
£46/50,000
Location:
Description:
based in Moseley.
a capital sum.
Accommodation:
Tenure:
Completion:
contracts.
42
LOT
42
GUIDE PRICE:
BIRMINGHAM
£56/60,000
Location:
Description:
based in Moseley.
a capital sum.
Accommodation:
The flat offers an entrance hall, lounge, kitchen, two bedrooms and
bathroom with shower.
Tenure:
Completion:
contracts.
43
LOT
43
GUIDE PRICE:
MALVERN
90-92 & 94-96 WORCESTER ROAD AND 10 OXFORD ROAD,
WORCESTERSHIRE, WR14 1NY
£350,000 - £375,000
Current Rental Value: £55,800 pa.
A freehold and part leasehold investment comprising a restaurant and 4 flats, let producing
£55,800 pa.
Description:
Forming part of a retail parade, the restaurant fronts Worcester Road with a self contained flat above, the three other flats are situated in the block
to the rear facing Oxford Road. The restaurant is undergoing a programme of refurbishment and improvement by the tenant. The leasehold title
comprises the lower ground floor and basement at 94 & 96 Worcester Road for a term of 99 years from 10/06/1999 at a fixed ground rent of £1 pa.
On the plan edged red the area shaded pink is lower ground floor only, the area shaded blue is lower ground floor and basement only.
Floor/No.
Present
Lessee
Accommodation
Lease Terms
Ground &
Individual
Basement
90-92 & Lower
Ground
& Basement
94-96
Ground Floor Restaurant
Lower Ground Floor Restaurant
Bar, Kitchen, Store
Basement Cellarage & WCs
6 years from 15.01.2014
£30,000
Rent review on the 3rd anniversary
pa
FR & I
(1) The lease provides a rolling break option
from the 2nd anniversary of the lease
subject to 6 months' written notice
First & Second Individual
First and Second Floor flat comprising 12 Month AST from 01.04.2014
6 rooms, kitchen, bathroom with
separate WC
£12,000
pa
Floors 90/92
Current
Rent
Next
Review/Reversion
£30,000 pa
Holding over
10 Oxford
Road
Individual
First Floor flat comprising 2 rooms,
kitchen and bathroom
12 month AST from 10.12.2013
£4,800 pa Holding over
10A Oxford
Road
Individual
Second Floor flat comprising 2 rooms, 12 month AST from 01.12.2012
10B Oxford
Road
Individual
Third Floor flat comprising 3 rooms,
12 month AST from 01.08.2015
£56,100
pa
To View:
44
LOT
43
MALVERN
90-92 & 94-96 WORCESTER ROAD AND 10 OXFORD ROAD,
WORCESTERSHIRE, WR14 1NY
GUIDE PRICE:
£350,000 - £375,000
Current Rental Value: £55,800 pa.
45
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LOT
44
GUIDE PRICE:
SOLIHULL
39 LONGMORE ROAD, SHIRLEY, WEST MIDLANDS, B90 3DZ
£260,000+
Traditional Semi Detached House - Freehold
Status:
Residential Investment - the property is let on an Assured Shorthold
Tenancy at a rent of £775 per month (£9,300 per annum).
Location:
Longmore Road lies off Stratford Road (A34) and is well served by local
shopping, schooling and transport services. Solihull town centre is a
little over two miles to the east.
Description:
The property is a traditional semi detached house offering centrally
heated and double glazed accommodation. The house has been
considerably extended and has a side garage.
Longmore Road falls within a highly regarded area, within Solihull
Borough, around seven miles south of Birmingham city centre.
Accommodation:
Ground Floor: Fully enclosed porch, entrance hall (with guests'
cloaks off), front reception room, rear reception room, extended
open plan area including kitchen, dining area and study.
First Floor: Landing, 3 bedrooms, bathroom with shower cubicle.
Front Garden: There is a front garden with driveway leading to a side
garage.
Rear Garden: There is a good size garden with paved patio, lawn
and dining area.
Tenure:
Freehold.
47
LOT
45
GUIDE PRICE:
STOKE-ON-TRENT
10 WHITMORE AVENUE, WERRINGTON, STAFFORDSHIRE,
ST9 0LW
£110,000 - £120,000
A 3 bedroom freehold detached house located
in the popular area of Werrington
Status:
Vacant Possession.
Location:
Whitmore Avenue cab be approached from the A52 Ash Bank Road via
Washerwall Lane and Cotehill Road. The A520 & A50 are easily
accessible.
Description:
A modern detached house situated in a popular area close to
Werrington Primary School and with easy access to Hanley & Leek.
Accommodation:
Ground Floor: Porch, hall, shower room, sitting room, dining room,
kitchen, study.
First Floor: 3 bedrooms, bathroom.
Outside: Front and rear gardens with driveway parking.
Tenure:
Freehold.
Completion:
contracts.
Viewing/Enquiries
Please contact Goodchilds Network Auctions on 01782 206713.Joint
Auctioneers
48
LOT
46
GUIDE PRICE:
HARBORNE
141 LORDSWOOD ROAD, BIRMINGHAM, B17 9BL
£4,000
Freehold Ground Rent Investment
Description:
A freehold ground rent investment secured on an end town house
residence.
The property is situated on Lordswood Road close to its junction with
Carless Avenue in what is a very popular and highly regarded suburb of
Birmingham.
Tenure:
Freehold - subject to a lease for a term of 99 years from 29/9/1972.
The annual ground rent is £75.
date.
The buyer's administration fee is reduced to £250 plus vat.
All enquiries should be directed to the auctioneers at 0121-456-1700.
Completion:
contracts.
49
LOT
47
GUIDE PRICE:
GREAT BARR
92 BALTIMORE ROAD, BIRMINGHAM, B42 1QN
£75/80,000
A Freehold End Town House Residence
Status:
Vacant Possession.
Location:
Baltimore Road forms part of the highly popular Perry Hall Estate and
lies off Rocky Lane which connects Walsall Road with Hamstead Hill.
Hamstead railway station and the shops at Hamstead 'Village' are within
a few minutes walk.
Description:
The property is a traditional end town house which offers gas centrally
heated and double glazed accommodation.
There is a garage at the rear.
The property is in need of some improvement.
Accommodation:
Ground Floor: Fully enclosed porch, hallway, through lounge,
kitchen, veranda.
First Floor: Landing, 2 double bedrooms, bathroom with shower.
Gardens: There are gardens to both front and rear.
Garage: There is a single garage to the rear approached from a
driveway that runs to the rear.
Tenure:
Freehold.
Completion:
contracts.
50
LOT
48
GUIDE PRICE:
COVENTRY
49 GORDON STREET, WEST MIDLANDS, CV1 3ET
£175,000
A High Yielding HMO - Freehold/Licenced
Status:
Residential Investment - the property is let on an Assured Shorthold
Tenancy and has the benefit of an HMO licence (House in Multiple
Occupation). The sale will include fixtures/furnishings/white goods.
Location:
The property is at the corner of Gordon Street and Bedford Street and
occupies a highly convenient position off Albany Road around 0.4 of a
mile from the A4053 - Coventry Ring Road.
Description:
49 Gordon Street is a traditionally constructed three storey end of
terrace house in an excellent position for letting purposes around one
mile west of Coventry city centre and University and around three
quarters of a mile from Coventry railway station.
The property is let on a single Assured Shorthold Tenancy at a rent of
£1,500 per month - £18,000 per annum. The rent account is up to date
and well conducted.
Accommodation:
The property has been refurbished and offers gas radiator central
heating and double glazing throughout. It is fully furnished and
equipped for student letting.
To the ground floor there is a hallway, lounge, bedroom, kitchen and
shower room. To the first floor there are three bedrooms and to the
second floor there is a fifth bedroom and bathroom with shower.
There is a small rear garden.
Tenure:
Freehold.
Completion:
contracts.
51
LOT
49
GUIDE PRICE:
STOURPORT-ON-SEVERN
25 & 26 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR
£150,000 - £175,000
A pair of town centre mixed use freehold
buildings arranged as ground floor retail
promises (let) with residential upper parts
(vacant)
Status:
FREEHOLD - Part let
Description:
Situated in the town centre in a prominent trading position. Each
property comprises a ground floor retail unit with associated store area
and a self contained split level flat above with independent rear access.
25 Bridge Street retail is let for 3 years from 05.06.2014 at a rent of
£6,000 pa, the maisonette is vacant with an estimated rental value of
£425 pcm.
26 Bridge Street retail is let for 6 years from 25.12.1987 at a rent of
£6,000 pa, the maisonette is vacant (ERV £425 pcm).
Accommodation:
25 Bridge Street
Ground Floor: Retail area, store, staff wc, kitchen.
Upper Floors: Bedroom, reception room, kitchen, bathroom/wc.
26 Bridge Street
Ground Floor: Retail area, office, internal store.
Upper Floors: 3 bedrooms, 2 reception rooms, kitchen, bathroom/wc.
Completion:
Auctioneers' Note: Network Auctions have not inspected the properties
and all information shown is supplied by the seller. We are advised the
upper floors require refurbishment.
Joint Auctioneers
52
LOT
50
GUIDE PRICE:
STOURPORT-ON-SEVERN
25 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR
£75,000 - £87,500
A mixed use freehold building comprisng
ground floor retail unit (let) and a split level self
contained flat above (vacant)
Status:
Part let
Description:
Situated in the town centre. The ground floor is let for 3 years from
05/06/2014 at a rent of £6,000 pa, the first and second floors comprise
a vacant self contained maisonette (ERV £425 pcm).
Accommodation:
Ground Floor: Retail area, store, staff wc, kitchen.
First and Second Floors: Bedroom, reception room, kitchen,
bathroom/wc.
Tenure:
Freehold
Completion:
20 working days
Auctioneers Note: Network Auctions have not inspected the properties,
information supplied by the seller, we are advised the upper floors
require refurbishment.
Viewing/Enquiries
Joint Auctioneers
LOT
51
GUIDE PRICE:
STOURPORT-ON-SEVERN
26 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR
£75,000 - £87,500
A mixed use freehold building comprising
ground floor retail unit (let) and a 3 bedroom
self contained flat above (vacant)
Status:
Part let
Description:
Situated in the town centre. The ground floor is let for 6 years from
25.12.1987 (holding over), the upper floors comprise a vacant, self
contained maisonette (ERV £425 pcm).
Accommodation:
Ground Floor: Retail area, office, internal store.
First and Second Floors: 3 Bedrooms, 2 reception rooms, kitchen,
bathroom/wc.
Tenure:
Freehold
Completion:
20 working days
Auctioneers Note: Network Auctions have not inspected the properties,
information supplied by the seller, we are advised the upper floors
require refurbishment.
Viewing/Enquiries
Joint Auctioneers
53
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55
COMMON AUCTION CONDITIONS
INTRODUCTION
The 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:
Glossary
The glossary gives special meanings to certain words used in
both sets of conditions.
Auction Conduct Conditions
The 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 Conditions
The 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 Notice
A 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.
GLOSSARY
This 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 Date
The date when completion takes place or is treated as taking
place for the purposes of apportionment and calculating interest.
Addendum
An 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 Date
Subject 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 Institution
Any bank or building society that has signed up to the Banking
Code or Business Banking Code or is otherwise acceptable to
the auctioneers.
Arrears
Arrears of rent and other sums due under the tenancies and
still outstanding on the actual completion date.
Arrears Schedule
The arrears schedule (if any) forming part of the special
conditions.
Auction
The auction advertised in the catalogue.
Auction Conduct Conditions
The conditions so headed, including any extra auction
conduct conditions.
Auctioneers
The auctioneers at the auction.
Business Day
Any day except (a) a Saturday or a Sunday; (b) a bank holiday
in England and Wales; or (c) Good Friday or Christmas Day.
56
Buyer
The 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.
Catalogue
The catalogue to which the conditions refer including any
supplement to it.
Completion
Unless 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.
Condition
One of the auction conduct conditions or sales conditions.
Contract
The contract by which the seller agrees to sell and the buyer
agrees to buy the lot.
Contract Date
The 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.
Documents
Documents 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 Charge
A charge to secure a loan or other financial indebtedness (not
including a rent charge).
General Conditions
That part of the sale conditions so headed, including any
extra general conditions.
Interest Rate
If 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.)
Lot
Each 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 Arrears
Arrears due under any of the tenancies that are not “new
tenancies” as defined by the Landlord and Tenant (Covenants)
Act 1995.
Particulars
The section of the catalogue that contains descriptions of
each lot (as varied by any addendum).
Practitioner
An insolvency practitioner for the purposes of the Insolvency
Act 1986 (or, in relation to jurisdictions outside the United
Kingdom, any similar official).
Price
The price that the buyer agrees to pay for the lot.
Ready to Complete
Ready, 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 Conditions
The general conditions as varied by any special conditions
or addendum.
Sale Memorandum
The 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.
Seller
The 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 Conditions
Those of the sale conditions so headed that relate to the lot.
Tenancies
Tenancies, leases, licences to occupy and agreements for
lease and any documents varying or supplemental to them.
Tenancy Schedule
The tenancy schedule (if any) forming part of the special
conditions.
Transfer
Transfer includes a conveyance or assignment (and “to
transfer” includes “to convey” or “to assign”).
TUPE
The Transfer of Undertakings (Protection of Employment)
Regulations 2006.
VAT
Value Added Tax or other tax of a similar nature.
VAT Option
An 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 CONDITIONS
A1
Introduction
A1.1 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 role
A2.1 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 prices
A3.1 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 information
A4.1 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.
A5
A5.1
A5.2
A5.3
A5.4
A5.5
A5.6
A5.7
A5.8
A6
A6.1
The contract
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.
You are obliged to buy the lot on the terms of the
sale memorandum at the price you bid plus VAT (if
applicable).
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.
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.
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.
We may retain the sale memorandum signed by
or on behalf of the seller until the deposit has been
received in cleared funds.
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.
Where the buyer is a company you warrant that the
buyer is properly constituted and able to buy the lot.
Extra auction conduct conditions
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 SALE
Words 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 lot
G1.1 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.
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.
Deposit
G2.1 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 completion
G3.1 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 identity
G4.1 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
G1.6
G4.3
G4.4
G4.5
G4.6
G5.
G5.1
G5.2
G5.3
G6.
G6.1
G6.2
G6.3
G6.4
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.
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.
The transfer is to have effect as if expressly subject
to all matters subject to which the lot is sold under the
contract.
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.
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.
Transfer
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.
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.
The seller cannot be required to transfer the lot to
anyone other than the buyer, or by more than one
transfer.
Completion
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.
The amount payable on completion is the balance of
the price adjusted to take account of apportionments
plus (if applicable) VAT and interest.
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.
Unless the seller and the buyer otherwise agree,
completion cannot take place until both have
complied with their obligations under the contract and
57
G6.5
G6.6
G7.
G7.1
G7.2
G7.3
G7.4
G8.
G9.
G9.1
G9.2
G9.3
G9.4
G9.5
G9.6
G10.
G10.1
G10.2
G10.3
G10.4
58
the balance of the price is unconditionally received in
the seller’s conveyancer’s client account.
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.
Where applicable the contract remains in force
following completion.
Notice to complete
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.
The person giving the notice must be ready to
complete.
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.
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.
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.
Landlord’s licence
Where the lot is or includes leasehold land and licence
to assign is required this condition G9 applies.
The contract is conditional on that licence being
obtained, by way of formal licence if that is what the
landlord lawfully requires.
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.
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.
The buyer must:
(a) promptly provide references and other relevant
information; and
(b) comply with the landlord’s lawful requirements.
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.
Interest and apportionments
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.
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.
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.
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
G11.
Part 1
G11.1
G11.2
G11.3
Part 2
G11.4
G11.5
G11.6
Part 3
G11.7
G11.8
G11.9
G12.
G12.1
G12.2
G12.3
G13.
G13.1
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.
Arrears
Current rent
“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.
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.
Parts 2 and 3 of this condition G11 do not apply to
arrears of current rent.
Buyer to pay for arrears
Part 2 of this condition G11 applies where the special
conditions give details of arrears.
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.
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.
Buyer not to pay for arrears
Part 3 of this condition G11 applies where the
special conditions:
(a) so state; or
(b) give no details of any arrears.
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.
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.
Management
This condition G12 applies where the lot is sold
subject to tenancies.
The seller is to manage the lot in accordance with its
standard management policies pending completion.
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.
Rent deposits
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. VAT
G14.1 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 allowances
G16.1 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
G17.
G17.1
G17.2
G18.
G18.1
G18.2
G19.
G19.
G19.2
G19.3
G19.4
G19.5
G19.6
G20.
G20.1
G20.2
G21.
G21.1
G21.2
G21.3
G22.
G22.1
G22.2
G22.3
(b) to submit the value specified in the special
conditions to HM Revenue and Customs for the
purposes of their respective capital allowance
computations.
Maintenance agreements
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.
The buyer must assume, and indemnify the seller in
respect of, all liability under such contracts from the
actual completion date.
Landlord and Tenant Act 1987
This condition G18 applies where the sale is a relevant
disposal for the purposes of part I of the Landlord and
Tenant Act 1987.
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.
Sale by practitioner
This condition G19 applies where the sale is by a
practitioner either as seller or as agent of the seller.
The practitioner has been duly appointed and is
empowered to sell the lot.
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.
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.
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.
The buyer understands this condition G19 and
agrees that it is fair in the circumstances of a sale by a
practitioner.
TUPE
If the special conditions state “There are no
employees to which TUPE applies”, this is a warranty
by the seller to this effect.
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.
Environmental
This condition G21 only applies where the special
conditions so provide.
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.
The buyer agrees to indemnify the seller in respect
of all liability for or resulting from the environmental
condition of the lot.
Service Charge
This condition G22 applies where the lot is sold subject
to tenancies that include service charge provisions.
No apportionment is to be made at completion in
respect of service charges.
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 reviews
G23.1 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 renewals
G24.1 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 Registry
G27.1 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 communications
G28.1 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
59
AUTHORISATION FORM FOR BIDDING BY TELEPHONE, INTERNET OR PROXY
I hereby instruct Network Auctions (the ‘Auctioneers’) to bid on my behalf in accordance with the terms and conditions shown in this agreement.
I acknowledge that if my bid is successful I will have entered into a binding contract to purchase the lot and authorise the Auctioneers herewith
to sign the auction contract on my behalf.
Name .......................................................................................
Telephone (tick)
Internet (tick)
Proxy (tick)
Address ............................................................................................................................ Postcode ......................................................
TELEPHONE NUMBERS
Business ................................................... Home ............................................................ Mobile ..........................................................
Email address ..........................................................................................................................................................................................
Address of Lot ................................................................................................................ Postcode ......................................................
Lot No. .......................................................................................................................................................................................................
Amount of deposit ...................................................................................................................................................................................
Maximum bid (Figures) .............................................................................. (Words) ...............................................................................
Solicitors ................................................................................................................... Solicitors Tel No. ................................................
Contact Name ................................................................................................................. Email .............................................................
Solicitors Address .......................................................................................................... Postcode ......................................................
Signed .............................................................................................................................. Date ..............................................................
TERMS & CONDITIONS FOR BIDDING BY TELEPHONE, INTERNET OR PROXY
1. The completed form must be delivered to Network
Auctions (133 The Parade, Watford, Hertfordshire,
WD17 1NA) no later than twenty four hours prior
to the auction with the appropriate payment. If you
intend to bid for more than one lot then a separate
form for each lot must be completed.
2. The completed form must be delivered with
a payment to include the deposit of 10% of the
maximum bid (subject to a minimum of £2,500) and
the auctioneers’ administration fee of £750 plus
vat (£900). This payment can be made by cheque
or banker’s draft (payable to Network Auctions).
Payments by credit card or cash cannot be accepted.
Cheques supplied by unsuccessful bidders will be
destroyed.
3. If the bidder purchases the lot at less than ten
times the sum of the deposit provided, the whole
of the deposit provided will be used as the deposit
payment and an adjustment will be made at
completion by the seller’s solicitors who will provide a
completion statement showing the adjustment.
4. The bidder is deemed to have inspected the legal
pack and to have taken all necessary legal and other
professional advice prior to bidding. The bidder is
also deemed to have viewed the property (where
viewings are made available by the Auctioneers).
5. The bidder is deemed to have full knowledge
of the General and Special Conditions of Sale and
the Notice to All Prospective Buyers therein. The
bidder is also deemed to have full knowledge of any
addendum produced by the Auctioneers at or prior
to the auction. Bidders are advised to check whether
any relevant addendum has or will be produced, but
60
the Auctioneers will not be liable to the bidder if he/
she fails to check.
In addition to the above terms and conditions the
following four apply to telephone bidders only:
6. The bidder is deemed to have read the auction
catalogue, the Auctioneers’ ‘Important Notes For
Auction Bidders’ and to be aware of the guide price
that the Auctioneers are quoting.
1. The Auctioneers will attempt to make contact with the
bidder on the telephone number/s provided but take no
responsibility for the availability, quality or sustainability
of ‘the line’. When contact is made a member of the
Auctioneers’ staff will take bids from the bidder and
relay them to the Auctioneer.
7. If the bidder attends the saleroom without having
cancelled this agreement and bids for the lot in
person, the Auctioneers are free to accept such bids in
addition to any bids made under this agreement.
8. The Auctioneers assume that the bidder is bidding
for himself/herself. If the bidder intends to purchase
the lot in a name other than his/her personal name
(and other than as shown on page 1 of thisagreement),
arrangements must be made with the Auctioneers
in advance.
Proof of Identity
The completed form must be delivered with proofs of
identity as detailed in the auction catalogue. Without
these the Auctioneers will be unable to action this bid.
following applies to internet bidders only:
1. Internet bidders accept that access to Essential
information Group’s (EIG) services (via EIG’s or
Network Auctions’ website or services) could be
interrupted or withdrawn at any time. If you intend
to bid by internet you should also consider making
an alternative provision for making bids prior to the
auction. Neither the Auctioneers nor EIG have any
liability if a bid fails to be received by us or if the bid is
delayed or made in error for any reason.
2. If telephone contact is ‘lost’ or a connection cannot
be made the bidder hereby authorises the Auctioneers
to bid on his/her behalf up to the maximum bid amount
shown on page 1 of this agreement.
3. A bidder bidding by telephone may exceed the
maximum bid amount shown on page 1 and undertakes
to provide the additional deposit funds (the difference
between the deposit provided and 10% of the purchase
price) to the Auctioneers immediately post auction.
4. The Auctioneers reserve the right not to bid on behalf
of the bidder in the event of any uncertainty, error or
disagreement and give no guarantee that any bid can
be communicated to the Auctioneer prior to any other
bids made in the saleroom.
following two apply to proxy bidders only:
1. The Auctioneers will make bids for the bidder up
to the maximum amount shown on page 1 of this
agreement, but not higher under any circumstances.
2. The Auctioneers undertake with the bidder to make
an initial bid on the bidder’s behalf at a figure no higher
than the reserve price and further undertake to bid
incrementally on the bidder’s behalf as per other bids
made in the saleroom.
memorandum
date: ..................................................................................................................................................................................................
name of seller: .................................................................................................................................................................................
address of seller: ............................................................................................................................................................................
name of buyer: .................................................................................................................................................................................
address of buyer: ............................................................................................................................................................................
Phone number: .................................................................... email: ................................................................................................
Lot number: ......................................................................................................................................................................................
address: ............................................................................................................................................................................................
‘the Price’: ........................................................................................................................................................................................
‘Administration Charge’: £750 +VAT payable by the buyer to The Auctioneers in addition to ‘The Price’
‘the Completion date’: ....................................................................................................................................................................
deposit Paid to auctioneers: ..........................................................................................................................................................
balance due at Completion:............................................................................................................................................................
The seller agrees to sell and the buyer agrees to buy ‘The Lot’ for ‘The Price’ and to complete the purchase on
‘The Completion Date’.
This agreement is subject to the Auctioneers’ Conditions of Sale, Common Auction Conditions (Edition 3) and General Conditions
of Sale (as published in the auction catalogue) and the Special Conditions of Sale (as provided in the Legal Pack and as settled by
the seller’s solicitors).
signed on behalf of the seller: .......................................................................................................................................................
By Network Auctions for and on behalf of the seller
signed by the buyer: .......................................................................................................................................................................
buyer’s solicitors: ............................................................................................................................................................................
Phone number: .................................................................... email: ................................................................................................
name of solicitor: ............................................................................................................................................................................
17/11/2015 11:35
ProPerty to Sell?
talk to uS
We 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.
F UT URE AUCTIONS
LO NDON
THURSDAy 25 FEBRUARy 2016
THURSDAy 5 MAy 2016
THURSDAy 7 JULy 2016
WEDNESDAy 14 SEPTEMBER 2016
WEDNESDAy 19 OCTOBER 2016
THURSDAy 8 DECEMBER 2016
B I R M I N G HAM
WEDNESDAy 2 MARCH 2016
WEDNESDAy 11 MAy 2016
WEDNESDAy 13 JULy 2016
TUESDAy 25 OCTOBER 2016
WEDNESDAy 14 DECEMBER 2016
e [email protected]
t 020 7871 0420
133 The Parade, Watford, Hertfordshire WD17 1NA
17/11/2015 11:35

property auction catalogue atalogue

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