Auction 031 Online Property Auction Catalogue November 2017 Property

Starts // Ends // Wednesday Thursday 16th November 15th November from 11.00am

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John Pye Property Auctions Calendar 2017

Auc No. Auction date Deadline for Entries Full Catalogue Released

20 30-31 January 2017 22 December 2016 10 January 2017

21 22-23 February 2017 26 January 2017 07 February 2017

22 15-16 March 2017 16 February 2017 28 February 2017

23 05 - 06 April 2017 09 March 2017 21 March 2017

24 26 - 27 April 2017 30 March 2017 11 April 2017

25 17 - 18 May 2017 20 April 2017 02 May 2017

26 28 - 29 June 2017 07 June 2017 13 June 2017

27 26 - 27 July 2017 30 June 2017 07 July 2017

28 16 - 17 August 2017 20 July 2017 01 August 2017

29 13 - 14 September 2017 24 August 2017 31 August 2017

30 18 - 19 October 2017 28 September 2017 05 October 2017

31 15 - 16 November 2017 26 October 2017 02 November 2017

32 18 - 19 December 2017 28 November 2017 05 December 2017

NATIONWIDE ONLINE PROPERTY AUCTION

% NO MARKETING COSTS SELLER FEES NO ENTRY FEE

/ Residential / 0115 970 6060 / [email protected] / Commercial / 020 7456 6750 / johnpye.co.uk JOHN PYE ONLINE COMMERCIAL VALUATIONS PROPERTY AUCTIONS RESIDENTIAL AGENCY Overview MAINTENANCE & SECURITY *Guide Price: Each property is subject to Online Property Auction a Reserve Price which may be different of Properties Lot Listing from the Guide Price Lot Property Address Guide Price* in this Auction 1 34-35 Western Road, Brighton, BN1 2EB £1,800,000 2 30-32 Bold Street, Liverpool, L1 4LF £2,700,000

3 65-66 Broad Street, Reading, RG1 2AF £4,500,000

4 20-22 Stockwell Gate, Mansfield, NG18 1LE £1,100,000

5 55-57 Northgate, Darlington, DL1 1TR £1,125,000

6 22-26 Head Street, Colchester, CO1 1NG £3,450,000

7 21-22 High Street, Chelmsford, CM1 1BE £4,500,000

8 35 Victoria Street South, Grimsby DN31 1DL £1,000,000

9 3,7,8 Fountayne House, Lawrence Square, York, YO10 3FG £590,000

10 316 Whitchurch Lane, Edeware, Middlesex, HA8 6QX £1,100,000

11 16 Dracaena Place, Falmouth, TR11 2ET £135,000

12 16 Morland Place, Birmingham, B31 2PF £165,000

13 4-6 Atkinson Street, Shipley, West Yorkshire BD18 3QS £112,500

14 211 Bobbersmill Road, Nottingham, NG7 5JP £95,000

15 26 Broadley Close, Hull, HU9 1EL £25,000

16 281 Mount Pleasant, Newton Road, St Helens, WA9 2PU £49,000

17 31 Greenfield Road, Rotherham, South Yorkshire, S65 3XN £55,000

18 2a Warneford Road, Cleethorpes, Lincolnshire, DN35 7QL £81,500

19 2b Warneford Road, Cleethorpes, Lincolnshire, DN35 7QL £67,500

20 50 Olive Lane, Darwen BB3 0ET £31,500

21 49 Watson Road, Worksop S80 2BA £79,500

22 28 Diamond Avenue, Plymouth, PL4 8QD £225,000

23 5 Wilson Street, Workington, Cumbria CA14 4AZ £150,000

24 15 Lisson Grove, Plymouth PL4 7DL £225,000

25 11 Warwick place, Tewkesbury, Gloucestershire GL20 5EQ £ 65,000

26 4h Steamer Street, Barrow In Furness, LA14 2SG £15,000 - £17,000

27 10A Steamer Street, Barrow In Furness, LA14 2SG £16,500

28 13h Island Road, Barrow In Furness, LA14 2SG £22,500

29 2F Steamer Street, Barrow In Furness, LA14 2SG £17,000

30 The Wellington Hotel, Wellington Street, Clayton Le Moors, Accrington, BB5 5HU £125,000

Important Notice - Proof of Identification Two forms of identification (from the list below) MUST be provided by the winning bidder within 24 hours of the auction finishing. Identity Documents • Current signed passport • Current UK photo card driving licence • Current driving licence (old version) • Residential permit issued by the Home Office to EU Nationals • Inland revenue tax notification • Firearms certificate Evidence of address • Current driving licence (old version) • A utility bill issued within the last 3 months • Local authority tax bill (current year) • Bank, building society or credit union statement • Most recent mortgage statement from a UK lender. Alternatively your solicitor can write to us to confirm your identity.

4 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 5 Prior to Auction BUYERS GUIDE Property particulars and 1. Guide Prices 5. Survey Property auction information All properties being sold through Have a surveyor look at the property, John Pye Property online auction if necessary. Appointments can be will have guide prices, which will made for the surveyor to access the feature in the property online auction property, please email John Pye All information regarding the catalogue. This catalogue will be Property via email with any such online auction, properties available prior to the auction start requests. for sale, previews and the date. Guide prices are subject to Online Auction Catalogue change. Up to date guide prices can also be found on our website: 6. Arrange Finance can be found on our website: johnpye.co.uk/property johnpye.co.uk/property It is important your finances are in place prior to bidding on a lot. If borrowing is required, the lenders 2. Property Viewings may require a surveyor to undertake We strongly advise any interested a valuation report prior to making parties to view a property before a mortgage offer. It is important a bid is placed. Viewings will be to make a mortgage application co-ordinated as either open day as early as possible, as successful viewings on specific dates or by bids are subject to 20 working days prior appointment. Details of completion, unless stated otherwise. specific viewing arrangements You should discuss the nature of can be found in the online the auction sale and timescales catalogue. with your lender. We operate a two day online auction bidding process, affording buyers 3. Legal Documents more time to arrange their necessary For each property the vendor’s finances. Any successful bidder will solicitors will prepare a legal pack. be required to pay a 10% deposit of All property legal packs are available the purchase price within 24 hours of to download on our website johnpye. the online auction ending. co.uk/property, or from the vendor’s solicitors - details of which will be disclosed in the online auction 7. Read and Understand catalogue for each individual lot. All all Terms and Conditions legal packs will be made available to It is important to read and download at least 7 days prior to the understand all of the Terms and online auction commencing. Conditions of the online property auction and legal documentation of the individual lots. 4. Legal Advice The full Terms and We recommend you obtain Conditions can be found at: independent legal advice prior johnpye.co.uk/propertyterms to bidding. Property legal packs and documentation should be passed to your legal adviser, who should be able to help you make an informed decision about the lot. Further information may be available from the vendor’s solicitors.

6 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 7 BUYERS GUIDE

1. Registration to bid 2. Addendum Before bidding on any property Before the start of the online during the online auction you must auction, all bidders should check provide the following through our the addendum sheet, this will detail website: any changes to the property online auction catalogue details. • Registration of bidder The addendum sheet can be found • Payment of refundable at: johnpye.co.uk/property registration fee

3. Bidding Process Registration of Bidder The bidding process will take place You can register to bid on our typically over a two day online website johnpye.co.uk. auction. Bidding on all lots will begin You will be required to provide your at the same time. name, address and contact details All lots will be offered for sale subject - you can provide your solicitor’s to an undisclosed reserve price, details if you have them. The unless stated otherwise. refundable registration fee can be paid at this stage, which will When bidding begins, bidders can allow you to bid. bid on lots once the refundable registration fee has been paid. We advise all seriously interested Refundable Registration Fee – parties provide their proof of Single Purchase Account identity at this stage. In order to set up an online auction Bids prior to auction may only be bidding account, each bidder must made through the online platform. register and pay a refundable registration fee of £500 per auction, The online auction will conclude per property (to bid on one property with a staggered finish of 10 minute only). The auctioneers reserve the intervals per lot. Once this time right to increase the refundable has elapsed and the 3 minute rule has registration fee at their discretion. been applied, the virtual gavel will effectively fall and the sale will close. The registration fee is refunded if no property is purchased; it is also refunded if your bid is successful and 3 Minute Rule will be refunded, once the property has exchanged contracts and the This rule mirrors the principals of a deposit (which includes the buyer’s live traditional auction whereby an premium) has been paid. auctioneer will still entertain bids from interested parties, enabling all bidders to lodge their interest. In the event of last minute bids a 3 minute rule will apply. This 3 minute rule stipulates any party who bids online within the last 3 minutes of any Lot’s scheduled closing time will trigger an automatic extension of a further 3 minutes of online bidding. This 3 minute trigger will continue until 3 minutes has elapsed without any further competing bids and a winning bid is achieved

8 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 9 ONLINE BIDDING BUYERS GUIDE & AFTER AUCTION

Reserve Not Met ONLY ONCE IDENTIFICATION 5. John Pye Auction Fees Registration Points IS VERIFIED WILL BUYERS for Proof of Identification If the reserve has not been met, John Pye Auctions Buyer’s Premium PAYMENT BE ACCEPTED the auctioneer may then invite is charged at 2% (minimum £2,500) East Midlands Office West Midlands Office Birmingham Office interested parties to engage in the + VAT of the purchase price. The James Shipstone House, 39-40 Marchington Industrial One Victoria Square, submission of revised bids and the buyer’s premium will be included in Radford Road, New Basford, Estate, Marchington, Birmingham B1 1BD 10% Buyer’s Payment reserve price may be disclosed at this the 10% buyer’s payment payable Nottingham NG7 7FQ Staffordshire ST14 8LP (by appointment only) stage. Sales can still be agreed after The 10% buyer’s payment within 24 hours. Derby Office London Office Northampton Office the auction if a price can be agreed (made-up of the deposit and Failure to pay will result in losing 50 Chequers Road, 5 Old Bond Street 7 West Street, Rusden, with the seller. buyer’s premium) must be made the registration fee and you may West Meadows Industrial Estate, Mayfair, London Northampton. NN10 0RT by online transfer only. The be banned from bidding again. Derby DE21 6EN W1S 4PD (by appointment only) minimum buyer’s payment is 4. Successful Bids & £5,000. 10% Buyer’s Payment Failure to pay within the allocated 6. Completion Once the online auction has time (24 hours of auction close) Completion will occur within 20 concluded and the time has elapsed, will mean your winning bid will be working days from the end of the the successful bidder has won withdrawn and potentially offered to auction, unless specifically stated in the lot by law. At this point your other buyers. The seller has the right Take a break from the the special conditions of sale in the identification must be proved to pursue you for the proceeds of sale legal documents. The full balance of (if not done so already) and the 10% should you fail to pay. hassles of house buying... sale will be payable on completion buyers payment of the final auction of the sale and will be co-ordinated purchase price (made-up of the through all designated solicitors. deposit and buyer’s premium) must be paid within 24 hours of

auction end. 10% Buyer’s Payment Explained

As a basic example: Proof of Identification Auction purchase price £150,000 = 10% Buyers Payment of £15,000* It is best practice to prove identity *10% Buyers Payment breakdown: prior to the auction commencing to Buyer’s Premium 2% = £3,600 inc. VAT, Deposit of £11,400. avoid complications toward the end Leaving £138,600 to complete. of the auction. Satisfactory proof of identity must be proved within 24 hours of bidding ending, otherwise we cannot accept your bid and you may be banned from bidding again. Two forms of identification will be required from the winning bidder, including photo ID ( passport or driving licence) AND proof of your address (bank statement or utility bill - no more than three months old). Your identification will need to be provided in person at one of our four registration points throughout the country (details opposite). Alternatively, your solicitor can write to us confirming your identity. All proof of identity used will be subject to satisfactory verification by John Pye & Sons Ltd.

10 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 11 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 34-35 Western Road £1,800,000+ 15th & 16th November 2017 [email protected] LOT 1 Brighton 0115 970 6060 LOT 1 East Sussex, BN1 2EB

Accommodation Ground floor ITZA: 74.78 Sq. M (805 Sq. BRIGHTON, EAST SUSSEX Ft) Ground floor: 137.87 Sq. M (1,484 Sq. Ft) First floor: 47.65 Sq. M (512 Sq. Ft) Second floor: 63.51 Sq. M (683 Sq. Ft) Third floor: 27.10 Sq. M (291 Sq. Ft) Basement: 91.45 Sq. M (984 Sq. Ft) Total NIA: 367.58 Sq. M (3,956 Sq. Ft) (Net internal floor area)

Services We understand the property is connected to mains electricity, water and drainage. We advise all interested parties to make their own enquiries.

Tenure Freehold, subject to occupational tenancy.

Business Rates The property has a current rateable value of £85,000 per annum. We advise all interested parties to make their own enquiries.

VAT Investment Analysis The property is not elected for VAT. The property is let to Halifax Plc at a passing rent of £111,900 pa, representing a gross initial yield of 6.22% based on the guide price. Buyers Premium 2% (min. £2,500) plus VAT. The lease is full repairing and insuring from 15th June 2007 to 14th June 2022.

Freehold Bank Investment; 6.22% Gross Initial Yield Guide Price* Blue Chip Tenant; Halifax Plc - Current Rent £111,900 pa Sold On Behalf Of Joint LPA Receivers £1,800,000+

FEATURES Location Description

• Auction Date: 15th & 16th November 2017 The bank is located on the southern side of This retail premises fronting Western Road, the busy Western Road, in the popular enjoys full glazed frontage to the ground • Prime freehold retail investment south coast city of Brighton, East Sussex. floor with two cash dispensaries and electric • Completion date: 12th January 2018 double doors on entry. • Blue chip tenant – Let to Halifax Plc Neighbouring occupiers include H & M, • Passing rent of £111,900 pa Primark and Marks & Spencer’s, in addition The accommodation is arranged over lower Churchill Square Shopping Centre is ground, ground and three upper floors. • Gross initial yield of 6.22% located just a short walk from the property Occupied by Halifax Plc, the accommodation • GF ITZA: 74.78 Sq. M (805 Sq. Ft) and the famous Brighton Lanes are located is well presented, benefiting from air • Total: 367.58 Sq. M (3,956 Sq. Ft) just 8 minute walk to the east. conditioning, cat II lighting, suspended ceilings and a CCTV security system. • FRI Lease from 15 June 2007 - 14 June 2022 The building is easily accessed by public transport as Western Road is a main The ground floor is predominantly open plan • Nearby occupiers include M & S, Primark, thoroughfare through the City. with a customer seating area, cash H & M dispensaries and a small partitioned office, Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James The main A23 provides good access to cashiers desk and a rear stairwell to the lower Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: Central London that lies just 54 miles to the and upper floors. The lower ground, first and 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance north. Brighton has a population of second floors are utilised as partitioned of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any approximately 300,000, however as it is a offices and storage space. The staff facilities purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Shoosmiths Solicitors popular tourist location Brighton also are located to the third floor together with suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye attracts around 7.5 million day visitors each male and female wash rooms. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings year. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 121 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 13 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 30-32 Bold Street £2,700,000+ 15th & 16th November 2017 [email protected] LOT 2 Liverpool 0115 970 6060 LOT 2 Merseyside, L1 4LF

Accommodation Ground floor ITZA: 158.63 m2/ 1,708 ft2 LIVERPOOL, MERSEYSIDE Ground floor: 391.92m2/ 4,219 ft2 First floor: 242.93 m2/ 2,615 ft2 Second floor: 291.51 m2/ 3,138 ft2 Third floor: 287.07 m2/ 3,090 ft2 Total area: 1,465.56 m2/ 15,775 ft2 (Net internal floor area)

Services We understand the property is connected to mains electricity, water and drainage. We advise all interested parties to make their own enquiries.

Rateable Value The current rateable value is £90,500. We advise all interested parties to make their own enquiries.

Tenure Freehold, subject to occupational tenancy.

VAT The property is not elected for VAT. Investment Analysis Buyers Premium The property is let to Halifax Plc at a passing rent of £191,600 pa, 2% (min. £2,500) plus VAT representing a gross initial yield of 7.1% based on the guide price.

The lease is full repairing and insuring for a term of 15 years from 15 June 2007- 14 June 2022. There are five yearly upwards only rent reviews to open market rent.

Freehold Bank Investment; 7.1% Gross Initial Yield Guide Price* Blue Chip Tenant; Halifax Plc - Current Rent £191,600 pa Sold On Behalf Of Joint LPA Receivers £2,700,000+

Location Description FEATURES The property is prominently located on The property is an attractive period building, • Auction Date: 15th / 16th November 2017 Bold Street on the south east side of with accommodation arranged over Liverpool City Centre, in an area better basement, ground and three upper floors. • Prime freehold retail investment known as Rope Walks or the ‘Independent There is large glazed frontage at street level • Blue chip tenant – Let to Halifax Plc Quarter’. The property benefits from and the main retail space is accessed via a set excellent passing footfall. of double doors. • Passing rent of £191,600 pa • Gross initial yield of 7.1% based on guide Nearby occupiers include Caffé Nero, To the ground floor the property benefits price Holland & Barratt, Santander, Lloyds Bank from a predominantly open plan layout, with • FRI Lease from 15 June 2007-14 June and the Body Shop. ten small partitioned offices, four cashiers 2022 desks and an internal cash dispensary. The Bold Street is located off Hanover Street accommodation benefits from suspended • Total area: 1,465.56 m2/ 15,775 ft2 and is well placed for the A562 and the ceilings, air conditioning and a CCTV • Ground floor ITZA: 158.63 m2 / 1,708 ft2 M62 Motorway. Liverpool Central railway security system. Stairs to the lower ground • Nearby occupiers Caffé Nero, The Body station (Mersey Line) is easily accessible floor provide access to a staff room, kitchen Shop, Holland and Barratt and is adjacent to the property off Ranelagh facilities and male and female wash rooms. Street. • Completion date: 12th January 2018 Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James To the first floor there is a large board room, Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself The nearby Liverpool One Shopping five further small offices and a storage and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Centre attracts many other high street cupboard. The second and third floors are of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors retailers and is approximately 500 metres not currently occupied, and have exposed should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Shoosmiths Solicitors west of the property. The famous Liverpool brickwork and beams throughout the Docks, Echo Arena and Chinatown, are all suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye predominantly open plan space. There may Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential within 20 minutes’ walk from Bold Street. be an opportunity to convert the second and land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings third floors into residential in the future, services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are subject to the necessary consents being quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. obtained. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 141 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 15 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 65-67 Broad Street £4,500,000+ 15th & 16th November 2017 [email protected] LOT 3 Reading 0115 970 6060 LOT 3 Berkshire, RG1 2AF

Description Continued Externally, there are two cash dispensaries. Parking is available in the nearby NCP READING, BERKSHIRE Broad Street Mall located just a few hundred metres away. Accommodation GF ITZA: 127.98 m2/ 1,377 ft2 Ground floor: 304.98 m2 / 3282 ft2 First floor: 237.10 m2 / 2,552 ft2 Second floor: 72.47 m2 / 780 ft2 Third floor: 31.75 m2 / 341 ft2 Total NIA: 646.30 m2 / 6956 ft2 (Net internal floor area)

Tenure Freehold, subject to occupational tenancy Services We understand the property to have mains gas, electricity, water and drainage. We advise all interested parties to make their own enquiries.

Rateable Value The property has a current rateable value of £216,000. We advise all interested parties Investment analysis to make their own enquiries. The property is let to Halifax Plc currently achieving £245,500 pa this representing a gross initial yield of 5.5% based on the guide price. VAT The property is not elected for VAT. The lease in place is a full repairing and insuring lease from 15 June 2007 to Buyers Premium 14 June 2022. 2% (min. £2,500) plus VAT

Freehold Bank Investment; 5.5% Gross Initial Yield Guide Price* Blue Chip Tenant; Halifax Plc - Current Rent: £245,500pa Sold On Behalf Of Joint LPA Receivers £4,500,000+

Location Description FEATURES The property is located on the northern side This large double fronted period brick built • Auction date: 15th/16th November 2017 of the pedestrianised Broad Street between property is set over four floors and is the junctions of Union Street and West occupied by Halifax Plc. • Prime freehold retail investment Street in the increasingly popular commuter • Blue chip tenant - Let to Halifax Plc town of Reading, Berkshire. The property is entered at ground floor level • FRI Lease from 15 June 2007-14 June to the large customer area that hosts several 2022 Reading has a population of around cash dispensers towards the front with • Passing rent of £245,500 pa 320,000 and attracts the likes of Microsoft, various customer seating areas and frosted ING Direct and Prudential to have their UK glass partitioned meeting rooms to the left. • Gross initial yield of 5.5% based on the guide price head offices situated there. The main banking counters are located to the rear of the ground floor. • GF ITZA: 127.98 m2/ 1,377 ft2 Neighboring occupiers of nearby properties • Total NIA: 646.30 m2 / 6,956 ft2 include Lloyds TSB, Boots, Barclays bank, The first floor has the advantage of further • Nearby occupiers John Lewis, Next, Broad John Lewis, Superdrug and Caffé Nero. office space and training rooms. The second Street Mall Broad Street Mall is adjacent to the building floor has additional office space and staff • Completion date: 12th January 2018 and hosts a good range of national and kitchen/ restroom area. The third floor is Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James international brands that are keen to have a currently used as storage space. Most of the Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: presence in the area. areas have plastered and painted walls, cat II 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance lighting and air conditioning. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any Well placed for commuters the property is purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Shoosmiths Solicitors within close proximity to the M4 Motorway suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye and Reading Station is just a short walk Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings away. Reading is 75 miles (121 km) east of services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are Bristol, 25 miles (40 km) south of Oxford, quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or 42 miles (68 km) west of London. their employees has any authority to make or give representation or warranty whatsoever in relation to the property.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide 161 Property Auction November 2017Price - Catalogue Property Auction November 2017 - Catalogue 2 17 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 20-22 Stockwell Gate £1,100,000+ 15th & 16th November 2017 [email protected] LOT 4 Mansfield 0115 970 6060 LOT 4 Nottinghamshire, NG18 1LE

Description Continued To the first floor there is a spacious staff room/ kitchen, board room, two further MANSFIELD, NOTTINGHAMSHIRE small offices, storage cupboard and male and female wash rooms. The second floor has three storage rooms, and provides access to the roof space where the plant room is located. Rateable Value The current rateable value is £98,500 pa. Figures taken from the VOA and we advise all interested parties to make their own enquiries.

Accommodation Ground Floor ITZA: 171.14 m2 / 1,842 ft2 Ground Floor: 365.32 m2 / 3,932 ft2 First floor: 159.07 m2 / 1,712 ft2 Second floor: 29.34 m2/ 316 ft2 Total area: 553.73 m2/ 5,960 ft2 (Net internal floor area) Services We understand the property is connected to mains electricity, water and drainage however we advise all interested parties to Investment Analysis make their own enquiries. The property is let to Halifax Bank Plc at a passing rent of £107,000 pa, representing a gross initial yield of 9.7% based on the guide price. Tenure Freehold, subject to occupational tenancy. The lease is full repairing and insuring for a term of 15 years from 15 June VAT 2007- 14 June 2022. The property is not elected for VAT. Buyers Premium Freehold Bank Investment; 9.7% Gross Initial Yield Guide Price* 2% (min. £2,500) plus VAT Blue Chip Tenant; Halifax Plc - Current Rent £107,000 pa Sold On Behalf Of Joint LPA Receivers £1,100,000+

Location Description FEATURES The property is situated on Stockwell Gate, The property is modern, double fronted retail • Auction date: 15th/16th November 2017 within the busy town centre of Mansfield, a premises offering accommodation, over market town in Nottinghamshire. Mansfield ground and two upper floors. To the rear of • Prime freehold retail investment is located approximately 15 miles north of the building there are 6/7 allocated car • Blue chip tenant – Let to Halifax Bank Plc Nottingham, and is easily accessed by Road parking spaces, which is extremely beneficial • Passing rent of £107,000 pa via the A60. and rare in such a prominent town centre • Gross initial yield of 9.7% based on guide location. price More specifically, the property is situated • FRI Lease from 15 June 2007-14 June towards the eastern end of Stockwell Gate, To the ground floor the property benefits 2022 close to the junction with West Gate, and from a predominantly open plan layout, with • Ground Floor ITZA: 171.14 m2 / 1,842 on the southern side of the Four Seasons a large glazed frontage and three external ft2 Shopping centre. cash machines fronting Stockwell Gate. • Total area: 553.73 m2/ 5,960 ft2 Nearby occupiers include Santander Bank, The main retail space is accessed from street • Nearby occupiers include Superdrug, Barclays and Santander Barclays Bank, Superdrug, The Co- level via a set of electric double doors. To operative Travel and Greggs Bakers. the front section of the retail space, there are • Completion date: 12th January 2018 Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Mansfield town centre market place is a cash dispensers immediately to the right Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: short walk from the property, down the hand side, and towards the rear section of the 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance pedestrianised section of Stockwell Gate, ground floor there are six partitioned offices of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors towards West Gate. and a separate cashier’s area to the right should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Shoosmiths Solicitors hand side. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 181 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 19 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 55-57 Northgate £1,125,000+ 15th & 16th November 2017 [email protected] LOT 5 Darlington 0115 970 6060 LOT 5 County Durham, DL1 1TR

Description Continued To the first floor there are four partitioned offices for public use and further office and DARLINGTON, COUNTY DURHAM storage space for staff use only, accessible by a separate set of stairs. The second floor gives access to a large staff room with kitchen facilities and male and female wash rooms and two further office/ storage rooms.

Accommodation Ground floor ITZA: 127.42 m2 /1,371 ft2 Ground floor: 164.46 m2 /1,770 ft2 First floor net: 135.74 m2 /1,461 ft2 Second floor: 129.07 m2 /1,389 ft2 Total area: 459.33 Sq. m2 /4,942 ft2 (Net internal floor area)

Services We understand the property is connected to mains electricity, water and drainage however we advise all interested parties to make their own enquiries.

Tenure Freehold, subject to the occupational tenancy. Investment Analysis Business Rates The property is let to Halifax Plc at a passing rent of £102,500 pa, The property has a current ratable value of representing a gross initial yield of 9.1% based on the guide price. £53,000, however we would advise all parties to make their own enquiries. The lease is full repairing and insuring for a term of 15 years from 15 June VAT 2007- 14 June 2022. The property is not elected for VAT. Freehold Bank Investment - 9.1% Gross Initial Yield Buyers Premium Guide Price* 2% (min. £2,500) plus VAT. Blue Chip Tenant; Halifax Plc - Current Rent £102,500 pa Sold On Behalf Of Joint LPA Receivers £1,125,000+

Location Description FEATURES The property is located in the heart of The property is a prominent retail premises Darlington Town Centre, toward the fully occupied by Halifax Plc. The • Auction date: 15th/16th November 2017 northern end of Northgate. Darlington lies accommodation is arranged over three • Prime freehold retail investment 15 miles to the west of Middlesbrough and storeys and benefits from air conditioning, • Blue chip tenant – Let to Halifax Plc 40 miles to the south of Newcastle Upon suspended ceilings, fire alarm and CCTV • Passing rent of £102,500 pa Tyne. security systems. • Gross initial yield of 9.1% based on guide The town benefits from excellent transport The main retail space is entered at ground price links, being close to the A1(M) and A66(M), floor level and has a large glazed frontage • FRI Lease from 15 June 2007-14 June and having a good selection of public onto Northgate. There are two external cash 2022 transport options, with regular bus services dispensaries and glazed electric double • Total area: 459.33 Sq. M (4,942 Sq. Ft) operating close to the property. Darlington doors leading onto the shop floor. • Ground floor ITZA: 127.42 m2 / 1,371 ft2 and North Road railway stations are both within 1 mile from the property. The well-appointed and open plan layout • Nearby occupiers Boots, McDonalds, Next and River Island provides excellent retail space, fitted out to The main pedestrianised section of the town meet the specific requirements of Halifax Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James • Completion date: 12th January 2018 centre is immediately to the south of the Bank. There are two small partitioned offices Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself property, at the junction with Crown Street. within the main ground floor space and stairs and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The immediate area is characterised by leading to the first floor. A cashier’s desk has of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors predominantly retail and commercial been fitted to the right hand side of the should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Shoosmiths Solicitors occupiers. Nearby retailers include River ground floor. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Island, Boots, Next, MacDonald’s and Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Starbucks. In addition both the Cornmill land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are and Queen Street Shopping Centres are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or located just a short walk away. their employees has any authority to make or give representation or warranty whatsoever in relation to the property.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 201 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 21 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 22-26 Head Street £3,450,000+ 15th & 16th November 2017 [email protected] LOT 6 Colchester 0115 970 6060 LOT 6 Essex, CO1 1NG

Accommodation Ground floor ITZA: 127.35 m2 (1,370 ft2) Ground floor: 389.44 m2 (4,191 ft2) COLCHESTER, ESSEX First floor: 338.21 m2 (4,178 ft2) Second floor: 408.74 m2 (4,399 ft2) Third floor: 342.04 m2 (3,681 ft2) Basement: 300.27 m2 (3,232 ft2) Total NIA: 1,778.70 m2 (19,145 ft2) (Net internal floor area)

Services We understand the property to have mains gas, electricity, water and drainage. We advise all interested parties to make their own enquiries.

Tenure Freehold, subject to occupational tenancy.

Business Rates The property has a rateable value of £99,000. We advise all interested parties to make their own enquiries.

VAT The property is not elected for VAT. Investment Analysis Buyers Premium The property is let to Halifax Plc currently achieving £205,700 pa this representing a 2% (min. £2,500) plus VAT. gross initial yield of 6% based on the guide price.

The lease in place is a full repairing and insuring lease from 15 June 2007 to 14 June 2022.

Freehold Bank Investment; 6% Gross Initial Yield Guide Price* Blue Chip Tenant; Halifax Plc - Current Rent £205,700 pa Sold On Behalf Of Joint LPA Receivers £3,450,000+

Location Description FEATURES The bank is located on the eastern side of This modern retail premises occupies a • Auction Date: 15th & 16th November 2017 the Head Street at the junction with Culver prominent corner position fronting both Head Street and Culver Street West, with • Prime freehold retail investment Street in the popular historical town of Colchester, Essex. well-presented accommodation arranged • Completion date: 12th January 2018 over five storeys. • Blue chip tenant: Halifax Plc Neighbouring occupiers of nearby properties include Lloyds, RBS and The property is entered at ground floor level • Passing rent £205,700 Barclays banks, Debenhams, H & M, and into a predominantly open plan retail space • Gross initial yield of 6% based on the Nandos. Culver Square is also close by and with several glazed partitioned offices, cash guide price hosts a good range of national and dispensaries and cashiers desk. Access is • FRI lease from 15th June 2007 – 14th international brands that are attracted to the provided to the lower and upper floors via June 2022 area due to its increasing population and two separate stairwells and service lift. good employment prospects. • Ground floor ITZA: 127.35 m2 (1,370 ft2) To the basement level there is a kitchen/ staff • Total NIA: 1,778.70 m2 (19,145 ft2) Colchester is just 50 miles northeast of room, storage space and male/ female wash • Nearby occupiers include Debenhams, London and is connected to the capital by rooms. The first floor gives access to a large Caffé Nero & Lloyds TSB the A12 road and its railway station which mostly open plan office with kitchenette and Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James some partitioned singular offices. The Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself is on the Great Eastern Main Line. It is seen and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: as a popular town for commuters, and is second and third floors are vacant and 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Solicitors less than 30 miles away from Stansted unused by the current occupiers Halifax Plc, of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Airport and 20 miles from the passenger but are large open plan rooms and are of a should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Shoosmiths Solicitors ferry port of Harwich. good standard internally. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Colchester has a population of around Externally, the property enjoys large glazed land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings frontage to the front and side of the premises services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are 120,000 and has been named as one of quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or Britain's fastest growing towns. with two cash dispensaries and a separate their employees has any authority to make or give representation or warranty whatsoever in relation to the property. staff entrance. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide 221 Property Auction NovemberJuly 2017 - 2017CataloguePrice - Catalogue Property Auction November 2017 - Catalogue 2 23 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 21-22 High Street £4,500,000+ 15th & 16th November 2017 [email protected] LOT 7 Chelmsford 0115 970 6060 LOT 7 Essex, CM1 1BE

Accommodation GF ITZA: 146.34 Sq. M (1,575 Sq. Ft) CHELMSFORD, ESSEX Ground Floor: 353.96 Sq. M (3,810 Sq. Ft) First Floor: 171.48 Sq. M (1,845 Sq. Ft) Total: 525.44 Sq. M (5,655 Sq. Ft)

(Net internal floor area)

Services We understand the property is connected to mains electricity, water and drainage. We advise all interested parties to make their own enquiries.

Tenure Freehold, subject to occupational tenancy.

Business Rates The property has a rateable value of £235,000 per annum. We advise all interested parties to make their own enquiries.

VAT The property is not elected for VAT. Investment analysis Buyers Premium The property is let to Halifax Plc currently achieving £25,333 pcm (£304,000 2% plus VAT (Minimum £2,500 + VAT). pa). Representing a gross annual yield of 6.75% based on the guide price.

The lease in place is a full repairing and insuring lease from 15 June 2007-14 June 2022.

Freehold Bank Investment - 6.75% Gross Yield Guide Price* Blue Chip Tenant; Halifax Plc - Current Rent £304,000 pa Sold On Behalf Of Joint LPA Receivers £4,500,000+

Location Description FEATURES The bank is located on the eastern side of This modern, double fronted retail premises the pedestrianised High Street in the fronting Chelmsford High Street offers over • Auction Date: 15th & 16th November 2017 popular historical city of Chelmsford, 5,655 Sq. Ft of accommodation arranged Essex. Chelmsford is located in the London • Prime freehold retail investment over three storeys. The property benefits commuter belt, approximately 32 miles from suspended ceilings, cat II lighting, air • Completion date: 12th January 2018 northeast of the centre of and approximately conditioning and a CCTV security system. • Blue chip tenant – Let to Halifax Plc 22 miles from Colchester. The city has a • Passing rent of £304,000 pa population of approximately 168,000. The property is entered at ground floor level via glazed electric double doors into a • Gross initial yield of 6.75% Chelmsford's population consists of a large predominantly open plan retail space and has • GF ITZA: 146.34 Sq. M (1,575 Sq. Ft) number of City and Docklands commuters, the benefit of a large cashier’s desk, several • Total: 525.44 Sq. M (5,655 Sq. Ft) attracted by the 30–35 minute journey into cash dispensaries, a waiting area and several Central London via the Great Eastern Main • FRI Lease from 15 June 2007 - 14 June partitioned offices. A rear stairwell provides 2022 Line railway. The same journey takes access to the upper floors. approx. 60 minutes by road via the A12. • Nearby occupants Santander, Marks & Spencer's, John Lewis The first floor has private offices/ training Neighbouring occupants of nearby rooms along with an open plan modern fitted Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James properties include Santander, Natwest and Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself kitchen/ staff room and male and female and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: TSB banks, John Lewis, Marks and Spencer wash rooms. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance and Boots. The High Chelmer Shopping of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any Centre is opposite the building and hosts a The second floor has not been accessed as purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Shoosmiths Solicitors good range of national and international this is unused space by the current occupier. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye brands that are attracted to the area due to Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings its increasing population, good services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are employment prospects and its close quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or proximity to London. their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 241 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 25 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 35 Victoria Street South £1,000,000+ 15th & 16th November 2017 [email protected] LOT 8 LOT 8 Grimsby 0115 970 6060 Lincolnshire, DN31 1DL

Description Continued Externally, the property features an attractive stucco façade with two inset cash dispensaries and two GRIMSBY, LINCOLNSHIRE separate entry points with glazed automatic doors to the front and side elevations. Accommodation Ground Floor ITZA: 116 m2 / 1,252 ft2 Ground Floor: 276.70 m2 / 2,978 ft2 First Floor: 234.13 m2 / 2,520 ft2 Second Floor: 205.84 m2 / 2,215 ft2 Total Area: 716.67 m2 / 7,714 ft2 (Net internal floor area) Tenure Freehold, subject to occupational tenancy. Services We understand the property is connected to mains gas, electricity, water and drainage however we advise all interested parties to make their own enquiries. Rateable Value The premises have a current rateable value of £83,680 with the rate payable equating to approximately £40,082.72 (2017/2018). VAT The property is not elected for VAT. Investment Analysis Viewings The property is let to Barclays Bank Plc at a passing rent of £95,000 pa, There will be two opportunities to the view the representing a gross initial yield of 9.5% based on the guide price. premises. Dates will be confirmed shortly. Buyers Premium The lease is full repairing and insuring for a term of 20 years from 1st May 2% (min. £2500) plus VAT 2006. There is a break clause in 2021, Subject to six months written notice. There are rent reviews in January 2020 and 2025.

Freehold Bank Investment - 9.5% Gross Initial Yield Guide Price* Blue Chip Tenant; Barclays Bank Plc - Rent £95,000 pa Sold On Behalf Of Joint LPA Receivers £1,000,000+

Location Description FEATURES This property is prominently located on This imposing Grade II listed building is Victoria Street South which acts as a central located in a prime corner position fronting • Auction Date: 15th & 16th November 2017 pedestrianised shopping area for the town Victoria Street South and Brewery Street • Prime freehold retail investment just off Frederick Ward Way (A1136). The which is an entrance for Freshney Place street attracts a large footfall due to being shopping centre. The property is occupied • Blue chip tenant – Let to Barclays Bank Plc parallel to Freshney Place Shopping Centre. by Barclays Bank Plc who utilise the three • Passing rent of £95,000 pa Victoria Street South and the immediate storeys of accommodation within this period vicinity to the bank boasts a wide range of property. Having recently undergone a • Gross initial yield of 9.5% based on the blue chip tenants such as McDonalds, guide price programme of refurbishment, it is in good House of Fraser, Marks and Spencer, • FRI Lease from 1 May 2006 – April 2026 Money Shop, Santander, Lloyds TSB and condition and boasts period features in the ground floor customer area. • GF ITZA: 116.37 Sq. M (1,252 Sq. Ft) Boots. • Total NIA: 716.67 Sq. M (7,714 Sq. Ft) Grimsby is a large town and seaport in The property is entered at ground floor level • Listed building Lincolnshire, on the South Bank of the having a predominantly open plan layout • 20 Working Day Completion Humber close to where the river meets the with a cashier’s desk, several cash North Sea. The town of Scunthorpe is dispensaries, three private offices and the located 25 miles west and the larger city of strong room/safes. To the first floor there is Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Hull is approximately 30 miles north. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself a large board room, a further three private and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: TBC offices and a large customer area/ waiting 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Well placed within the town with Grimsby room. The staff canteen, training room, two of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given train station just 0.2 miles away and the should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any Solicitors storage areas and server rooms can be found purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Riverhead exchange bus station is just a on the third floor. There are two separate suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Shazan Miah - Gateley Plc short walk away. The A16, A46 & A180 are Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential all easily accessible to the property stairwells and two lifts servicing the land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings building. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are providing access north, south and west out quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or of Grimsby. their employees has any authority to make or give representation or warranty whatsoever in relation to the property.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 261 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 27 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS Apartments 3, 7 and 8 [email protected] Fountayne House, Lawrence Square £590,000+ 15th/16th November 2017 0115 970 6060 LOT 9 York LOT 9 YO10 3FG

Accommodation Flat 3; 109m2 (1173 ft2) Flat 7; 108 m2 (1162 ft2) YORK Flat 8; 106m2 (1140 ft2) Measurements taken from energy performance certificate

Services We understand the property to have mains electricity, water and drainage.

Tenure Long leasehold

Annual Service Charges & Ground Rent Flat 3; Service charge £850 pa & ground rent £250 pa Flat 7; Service charge £650 pa & ground rent £250 pa Flat 8; Service charge £650 pa & ground rent £250 pa

Council Tax Council tax band is D. The council tax payable is £1,533.44 pa. All the apartments are let, with one AST in place per apartment, commencing 1st July Guide Price 2017 – 31st June 2018. £590,000+ Each apartment is achieving £19,760 pa, providing a combined annual income of Buyers Premium £59,280pa. The rental income referred to above, reflects a yield of 10% based on the guide price. 2% (min. £2,500) plus VAT

Three Income Producing Student Let Apartments Guide Price* Current Rent - £59,280 per annum – 10% Yield £590,000+

FEATURES Location Description

• Auction date: 15th/16th November 2017 The property is located on Lawrence Square and is Situated within a purpose built block, each situated close by to many local amenities, including; duplex apartment has four bedrooms, one • Four bedroom duplex apartments Coop supermarket, Shell garage, St Lawrence church bathroom, one en-suite and a kitchen. • Student let with AST’s in place and Hull Road park. The property has good road links and is approximately 1.8 miles east of York centre and • Each apartment let for £19,760 pa The apartments are of a neutral décor and 15 minutes by car. modern finish. Heating is via an electrical • Combined income of £59,280 pa University of York is 0.6 miles and 3 min via A1079. heated hot water tank and the room heaters • 10% yield based on guide price York is a historic walled city at the confluence of the are convector and run individually on a • AST’s in place from July 1st 2017 – 31st rivers Ouse and Foss in North Yorkshire, England. The thermostat. June 2018 municipality is the traditional county town of the • Well maintained apartments historic county of Yorkshire to which it gives its name. All fixtures and fittings are supplied in the property for sale and bonds will be • Long leasehold The city has a rich heritage and has provided the transferred to the new owner upon • Close to University backdrop to major political events in England completion. throughout much of its two millennia of existence. The city offers a wealth of historic attractions, of Parking spaces are provided and permits are Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James which York Minster is the most prominent, and a issued by the management company. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself variety of cultural and sporting activities making it a and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: popular tourist destination for millions. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 281 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 29 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 316 Whitchurch Lane £1,100,000+ 15th & 16th November 2017 [email protected] LOT 10 Edgware 0115 970 6060 LOT 10 Middlesex, HA8 6QX

Location Continued Canons Park offers a wide range of local EDGWARE, MIDDLESEX schools, shops, public open spaces and leisure facilities. Whitchurch Lane also sits just quarter of a mile from the proposed Avanti House secondary school in Stanmore which is due to open in September 2018.

Accommodation 276 Sq. M (2,973 Sq. Ft) Approx. gross internal floor area

Services We understand the property to have mains gas, electricity, water and drainage however we advise any interested parties to make their own enquiries.

Tenure The property is freehold.

Council Tax The property is rated in Council Tax Band F. Council Tax payable (2017/18) is approximately £2,253.00 pa.

Guide Price £1,100,000+

Buyers Premium 2% + VAT (Minimum £2,500 + VAT)

Imposing Link-Detached 8 Bedroom House Guide Price* with Private Indoor Swimming Pool & £1,100,000+ Salon with Potential for Conversion (STP)

Description Location FEATURES This large eight bedroom link-detached The property is located on Whitchurch Lane and occupies a prominent position on this • Auction date: 15th & 16th November 2017 property offers space in abundance with well-appointed accommodation arranged delightful tree lined road. Bordering the quiet • Eight bedrooms & three bathrooms over three floors. Also having the potential suburbs of Canons Park/ Stanmore the area • Studio/ Salon which would suit a variety to create a large self-contained flat (STP) sits between Edgware and Stanmore in of different uses (STP) which is currently utilised as a beauty north-west London, 11 miles from the city • Indoor heated swimming pool salon. centre. • Vacant possession The house features a large L-shaped living The residential district of Edgware is in the • Rear garden with two large storage sheds room, large kitchen including a walk-in London Borough of Harrow and is a popular • Two kitchens and utility room fridge, utility room and three bathrooms in choice for residents to escape some of the • Driveway parking total. There are six bedrooms to the first hustle and bustle of city living. The floor and a further two on the second floor immediate area is characterised mainly by • Within 3 minutes’ walk from Canons Park residential property with many amenities Station (Jubilee Line) plus a bathroom and a small kitchenette. The master bedroom also benefits from an close by. • Close to amenities en-suite bathroom. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James The property is conveniently situated a 3 Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself minute walk from Canons Park tube station and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D Externally, to the front of the property there 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance is driveway parking for four vehicles. To (Jubilee Line) and the stations of Stanmore of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors the rear of the property is a large garden and Queensbury are both within 1 mile, in should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or with an indoor heated swimming pool and a addition there are three bus routes passing suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye sizable storage shed. by the property which is also within close Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential proximity to junction 4 of the M1 motorway. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 301 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 31 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 16 Dracaena Place £135,000+ 15th/16th November 2017 [email protected] LOT 11 Falmouth 0115 970 6060 LOT 11 Cornwall, TR11 2ET

Description Continued The first floor gives access to three bedrooms, as well as a second bathroom. FALMOUTH, CORNWALL One of the two bedrooms benefits from sea views as it is located to the rear of the property. The first floor second bathroom suite comprises of a wash hand basin, low level WC, panelled bath with shower overhead and a window to the rear.

Externally, the property benefits from off street parking and a private garage. There is side access leading to the rear garden with a raised decked area.

Tenure The property is freehold.

Services We understand the property has connections to mains gas, electricity, water and drainage, however interested parties should make their own enquiries.

Council Tax The property is rated in council tax band B. The amount payable for 2017/2018 is £1,311.

Guide Price £135,000+

Buyer's Premium 2% (min. £2,500) plus VAT.

Viewing Three bedroom semi-detached property Guide Price* To arrange a viewing of the property, please contact one of the property team on To be sold with vacant possession £135,000+ 0115 9706060.

FEATURES Location Description

• Auction Date:15th/16th November 2017 This property is located on Dracaena Place, The accommodation is arranged over two between Kimberley Park Road and storeys and to the ground floor there is an • Guide Price: £135,000+ Dracaena Avenue. open plan kitchen and dining room, lounge, • Spacious semi-detached property bathroom and a garden room. The lounge • Three bedrooms Falmouth is a town aside the River Fal on has a fireplace with wood surround and coal the south coast of Cornwall, with many effect electric fire with a double-glazed bay • Open plan kitchen/ dining room attractive old shops, cafes and restaurants. window to the front. The dining room • Garage and on street parking Falmouth has a good selection of health and includes a feature fireplace with tile surround • UPVC double glazed windows schooling options. The town centre of and wood mantle, storage cupboard, and a • Recent improvements to property by the Falmouth is less than one mile away from square archway leading into the kitchen. vendor the property and benefits from a nearby train station. The kitchen includes base and wall units with • To be sold with vacant possession roll top work surfaces and a stainless-steel Cornwall is bordered to the north and west sink. The ground floor also includes a by the Celtic Sea, to the south by the bathroom with low-level WC, wash hand English Channel and to the east by the basin and a shower cubicle with an electric Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James county of Devon. It is located southwest of shower and tiled walls. The garden room Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself London and Brighton, both of which can be leads into the rear yard area and is accessed and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance accessed via the M4 and A30. via double glass doors. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 321 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 33 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 16, Morland Place £165,000+ 15th/16th November 2017 [email protected] LOT 12 Birmingham 0115 970 6060 LOT 12 Warwickshire, B31 2PF

Description Continued The second floor gives access to the master bedroom, which benefits from a large BIRMINGHAM, WARWICKSHIRE dressing area and en suite. The en suite comprises a fitted toilet and sink, as well as a shower cubicle. The walls are partially tiled with fitted carpeting.

Externally, the property benefits from off road parking and a secluded garden to the rear.

Services We understand the property has mains gas, electricity, water and drainage.

Council Tax The property is rated in Council Tax Band C. Council Tax payable (2017/18) is approximately £1,285.

Tenure The property is freehold.

Guide Price £165,000+

Buyer's Premium 2% (minimum £2,500) + VAT.

Viewing To arrange a viewing of the property, please contact one of the property team on 0115 9706060.

Three Bedroom Mid Terrace Town House Guide Price* Situated In A Desirable Location £165,000+

FEATURES Location Description

• Auction Date: 15th/16th November 2017 This property is located on Morland Place, This mid terrace property comprises Birmingham. Morland Place is situated accommodation arranged over three storeys. • Three-bedroom town house between William Road and Impey Road, • Well-presented throughout within a short distance to the city centre of The property is entered at ground floor. The • Modern fitted kitchen Birmingham and the Bull Ring shopping lounge area is located to the immediate right, centre. The town centre can be reached via which includes a feature fire place with wood • Spacious back garden the A38 or alternatively trains run through surroundings, plastered and painted walls • Dressing area and master suite to the city centre. Northfield and and laminate effect flooring. The lounge • Desirable location Longbridge train stations are within a short leads into the first bathroom, comprising a • Within close proximity to Birmingham city distance from the property. toilet and sink. The kitchen is located to the centre rear of the property, which includes wood The property has a selection of amenities effect base and eye level units, tiling to the • Excellent transport links close by, with the additional benefit of the walls and tile effect flooring. The kitchen also • UPVC double glazed windows Queen Elizabeth Hospital also within close benefits from an integrated oven and proximity. The property has nearby access stainless-steel sink. to good road links such as the M5 and M6. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Birmingham is located 44 miles southwest There are two spacious bedrooms to the first Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself of Leicester and 51 miles southwest of floor and a family bathroom which and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Nottingham. comprises a bath with shower overhead, of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors: TBC toilet and sink. The walls are part tiled with should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any fitted carpeting. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 341 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 35 JP 13-10-18 Xmas A4 Advert.qxp_JP 13-10-18 Xmas A4 Advert 13/10/2017 11:30 Page 1

ADDRESS GUIDE PRICE* 4-6 Atkinson Street £112,500+ LOT 13 Shipley Auction Date Auctions Yorkshire, BD18 3QS 15th/16th November 2017 THE THINGS YOUR FAMILY NEED - ONLY SHIPLEY, WEST YORKSHIRE CHEAPER! this Christmas!

Residential Development Opportunity Guide Price* Planning Permission for Six Flats £112,500+

FEATURES Location Description • Auction Date 15th/16th November 2017 This property is situated on Atkinson street A large four story semi-detached property of traditional in Shipley. Atkinson street is located in- brick construction. The building is currently in a poor • Planning permission for 6 Flats state but has planning permission for six good sized between Westgate Road to the south and stylish flats. • 3 x 1 bedroom flats & 3 x 2 bedroom flats the A657 to the north. The property is in a • Estimated GDV of £600,000 - £650,000 very central location with great access to Planning permission has been granted for 3x1 bedroom flats ranging from 385 - 627 sq.ft. As well as 3x 2 • Excellent transport links Shipley train station which is half a mile bedroom flats ranging from 628 - 890 sq.ft. away and Braford city centre which is • Freehold Three miles away. Planning • Planning Application Ref: 16/09391/FUL Planning permission was granted by Bradford Immediately to the north of Atkinson street Metropolitan District Council on 24 February 2017, • Planning granted 24 Feb 2017 under application reference 16/09391/FUL. on Westgate Road there is a good selection of Banks, restaurants and an Asda which is Services only a five-minute walk. We understand the property has connections to mains gas, electricity, water and drainage, however interested parties should make their own enquiries. Tenure PLAYSTATION 4 R/C CAR iPHONE 7 EPC Rating: N/A Freehold Buyers Premium SOLD £83.52 SOLD £53.26 SOLD £345.60 2% (min. £2,500) plus VAT RRP £199.99 RRP £180 RRP £549 Solicitors: Norton Connor

RRP prices are used as a guide only. Sold prices include buyer’s premium and vat.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price View. Bid. Buy. johnpye.co.uk 36 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 37 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 211 Bobbers Mill Road £95,000+ 15th/16th November 2017 [email protected] LOT 14 Nottingham 0115 970 6060 LOT 14 Nottinghamshire, NG7 5JP

Description Continued The first floor comprises two spacious bedrooms. Both have painted walls, one with carpeted flooring NOTTINGHAMSHIRE and the other with laminate wood effect. The second floor is where the third bedroom is situated, with carpeting and wallpapered walls, this room looks out the front of the property.

Externally, the property benefits from a small yard area to the rear with a gate to enter the alleyway. Accommodation Ground floor: 37.95 Sq. M (408.49 Sq. Ft) First floor: 25.36 Sq. M (272.97 Sq. Ft) Second Floor: 2.64 Sq. M (136.05 Sq. Ft) Total: 75.95 Sq. M (817.51 Sq. Ft) Approx. gross internal floor area Services We understand the property has connections to mains electricity, water and drainage, however interested parties should make their own enquiries.

Tenure The property is freehold. Council Tax The property is rated in council tax band A. The amount payable for 2017/2018 is £1,234.49.

Guide Price Investment analysis £95,000+ The property could let for £90 per room, per week with a potential rental income of £14,040 pa. This reflects a Buyer's Premium potential yield of 14.7%, based on the guide price. 2% (min. £2,500) plus VAT. On this basis, an HMO license may be required, and we advise interested parties to contact Nottingham city council for further information. Viewing To arrange a viewing of the property, please contact There is potential to increase the rental income if let as four bedrooms and add capital value by undertaking one of the property team on 0115 9706060. some minor modernisation works throughout.

Spacious Three Storey Property Guide Price* Area Of High Rental Demand £95,000+

FEATURES Location Description

• Auction date: 15th/16th November 2017 The property is conveniently located on Bobbers Mill This three/four bedroom property has an entrance Road less than two miles to the north of Nottingham leading to the lounge, a second reception/dining room • Three/four bedrooms city centre. Bobbers Mill Road is the main area, kitchen and bathroom to the ground floor. The • Fitted kitchen & bathroom thoroughfare between Radford Road and Alfreton ground floor also provides access to a large basement Road, both being main roads into the city. with plenty of storage space. The property includes • Ideal investment or owner occupier three double bedrooms, two of which are located on the • Previously let on a room by room basis Nearby amenities include; an Asda superstore, Castle first floor and a further bedroom on the second floor. Retail Park which has a Maplins, Aldi and Poundland, • Potential income of £1,170 pcm (£14,040 pa) amongst other national retailers, all being within 10 The lounge area could be used as a fourth bedroom, is • Small rear yard area minutes walk of the property. There is a Tesco Express front facing and has Artech walls and laminate flooring conveniently located on the opposite side of Alfreton with the benefit of a feature fireplace. The second • GCH & UPVC double glazing Road, but within the immediate vicinity of Bobbers reception/ dining room has laminate flooring and • Vacant possession Mill Road. Numerous restaurants and independent papered walls. This room looks out to the rear yard of retailers can be found on Gregory Boulevard, also a the property and leads into the kitchen. • Freehold short walk from the property. A good range of health and leisure facilities are also situated close to Bobbers The kitchen comprises wood effect units with laminate Mill Road. tops. There is plenty of space for appliances such as a washing machine and gas hob/oven. To the far rear of The NET Tram system also operates through the area the property is the bathroom, which includes a toilet, and provides easy access to the centre of Nottingham sink and bath with electric shower overhead. via Radford Road. Nottingham offers an excellent Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James range of shops, restaurants, bars and leisure facilities. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: E The M1 Motorway is located just 6 minutes from the 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance property via the A610. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors: TBC should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 381 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 39 INVITING ENTRIES.... Property NEXT AUCTION STARTS DECEMBER 2017 % SELLER 0 FEES

To arrange a FREE property auction appraisal for a 0% NIL COST launch seller fee rate contact John Pye Auctions Property Division on 0115 970 60 60 or email: [email protected]

40 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 41 ADDRESS GUIDE PRICE* 26 Broadley Close £25,000+ LOT 15 Hull ONLINE AUCTION DATES Yorkshire, HU9 1EL 15th & 16th November 2017

HULL, YORKSHIRE

Studio Flat Currently let £3,000 pa Guide Price* Ideal Investment Opportunity £25,000+

FEATURES Location Description • Auction Date 15th & 16th November 2017 This studio flat is situated on Broadley Close, which is located within the highly The property comprises a ground floor studio flat having • Ground floor studio open plan living accommodation, a fitted kitchen and coveted city of culture granted to Hull for • Ideal buy to let investment bathroom. 2017. It is local to Asda supermarket, MT • Leasehold retail park, famous Humber bridge and Hull The kitchen has base and eye level units and single • Popular residential location university. drainer sink unit with mixer taps. • Currently tenanted Hull city centre is located approximately The bathroom has a white three piece suite comprising of • Rental income of £250pcm 2.1 miles to the west of the property. a sink, bath and W.C. • Gross yield of 12% based on the guide price • Close to amenities The city has recently become increasingly Investment Analysis attractive to investors as it is currently We understand the property is currently let for £250 pcm • Good transport links undergoing major regeneration. As such (£3,000 pa), representing a gross annual yield of 12% companies including Siemens are locating based on the guide price. to the area creating thousands of new jobs. Tenure The city of Hull also benefits from strong We understand the property to be a long leasehold road networks with the A63 and M62 Motorway close by. There are numerous Services EPC Rating: transportation facilities available. We understand the property is connected to mains electricity, water and drainage. Solicitors Buyers Premium 2% (min. £2,500) plus VAT

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price

42 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 43 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 281 Mount Pleasant, Newton Road £49,000+ 15th/16th November 2017 [email protected] LOT 16 St. Helens 0115 970 6060 LOT 16 Merseyside, WA9 2PU

Tenure Long Leasehold

ST HELENS, MERSEYSIDE Services We believe the building is connected to mains gas, electricity, water and drainage.

Accommodation Lounge: 3.62m x 4.55m Kitchen: 1.88m x 3.00m Bed 1: 3.29m x 3.50m Bed 2: 3.11m x 3.31m Bathroom: 1.85m x 1.89m Study: 1.89m x 1.89m Hallway: 6.90m x 1.12m

Investment Analysis Current rental income of £450 pcm ( £5,400 pa ) reflecting a yield of 11% based on the guide price

Buyers Premium Buyers premium fee of 2% plus V.A.T ( Minimum fee £2,500 + V.A.T )

Viewing Arrangements Please contact a member of John Pye Property Team on 0115 970 6060

Guide Price £49,000 +

Ground Floor 2 Bedroom Apartment Guide Price* £49,000+ Ideal Buy To Let - Potential 11%

FEATURES Location Description

• Auction date: 15th/16th November 2017 The property is located on Newton Road in This modern ground floor apartment is entered via a St Helens, which is a large town within communal entrance. Upon entry to the apartment the • High yielding investment opportunity Merseyside just east of Liverpool. kitchen is located to the right and has the benefit of • Ideal Buy To Let beech base and eye level units, integrated appliances and a double -glazed window to the rear elevation. • Ground floor apartment The property is situated on the A572 near to other modern housing estates and close • Two bedrooms The lounge located to the front of the property has by to many local amenities such as co- • Long leasehold double glazed windows to the front elevation allowing operative supermarket, restaurants and plentiful natural daylight, a feature fireplace and carpets. • Anticipated rental income of £450 pcm ( schools such as The Broad Oak primary There are two good sized bedrooms, the master £5,400 pa ) school is within walking distance. bedroom having the benefit of dual aspect double • Potential rental yield of 11% based on glazing. In addition, there is a small office study area. guide price The Ravenhead retail park is 3.0 miles The bathroom comprises a white three-piece suite with • Total floor area 654.30 sq.ft away, approximately a 10 minute drive. mains powered shower over the bath. • High demand for rental property The major city of Liverpool lies just 16 The property also benefits from an intercom, alarm system, smoke detectors, gas central heating, being miles to the east, while Manchester is just Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James 22 miles to the east, and is easily accessible neutrally decorated and carpeted throughout. To the Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself via the M62 motorway. outside of the property there is communal gardens and and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D 1 allocated parking space. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Tbc suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 441 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 45 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 31 Greenfield Road £55,000+ 15th/16th November 2017 [email protected] LOT 17 Rotherham 0115 970 6060 LOT 17 South Yorkshire, S65 3NX

Accommodation 82 Sq.M (882 Sq. Ft) Approx. gross internal floor area taken ROTHERHAM, SOUTH YORKSHIRE from the EPC.

Services We understand the property has connections to mains gas, electricity, water and drainage, however interested parties should make their own enquiries.

Tenure The property is freehold.

Council Tax The property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1,081.06.

Viewings Please contact one of the property team on 0115 9706060.

Guide Price £55,000 +

Buyers Premium 2% (min. £2,500) plus VAT

Investment Analysis The property is currently rented for £490 pcm (£5,880 pa), representing a gross annual yield of 10.7% based on the lower guide price.

Three Bedroom Semi Detached House Guide Price* Income Producing Residential £55,000 + Investment Good Rental Location

FEATURES Location Description

• Auction date: 15th/16th November 2017 The property is located fronting Greenfield This semi-detached property offers spacious Road in East Herringthorpe, a suburb on accommodation set over two floors. • Guide price: £55,000+ the eastern side of Rotherham just three • Semi-detached house miles from the town centre. Rotherham is a The accommodation comprises; entrance • Three bedrooms large town in South Yorkshire, 7 miles hall, living room, and a fitted kitchen/ diner north east of Sheffield and 13 miles south and utility area to the ground floor. • Currently tenanted at £490 pcm (£5,880 pa) west of Doncaster. • Current rental yield of approx. 10.7% on To the first floor are three well-proportioned lower guide price Located within close proximity to the A630, bedrooms and a family bathroom. • Good condition throughout the property benefits from direct access into • Freehold Rotherham town centre, where there are a Externally the property benefits from wealth of amenities and leisure facilities, driveway parking and a small garden to the • Driveway parking and well-proportioned gardens including; the Parkgate Shopping Park, front. To the side and rear of the property Trinity Croft and High Greave junior and there is a large covered porch which can be • Good transport links infant schools, all being within walking used as storage, a workshop area or a play distance to the property. area and a low maintenance garden to the Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James rear. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself Rotherham benefits from excellent transport and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: C 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance links with a regular bus service running of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors close to the property. Rotherham central should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any railway station is located within 2.5 miles of purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye the property providing direct access up and Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential down the country. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 461 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 47 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 2A Warneford Road £81,500+ 15th - 16th November 2017 [email protected] LOT 18 Cleethorpes 0115 970 6060 LOT 18 Lincolnshire, DN35 7QL

Investment Analysis We estimate the property could let out at CLEETHORPES, LINCOLNSHIRE £575 pcm (£6,900 pa). This reflects a potential gross yield of 8.5%, based on the guide price.

Services We understand the property has mains electricity, water and drainage.

Tenure Freehold.

Council Tax The property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1,132.

Buyer's Premium 2% (minimum of £2,500) + VAT.

Viewing Please contact a member of John Pye Property to arrange a viewing on 0115 970 6060 or [email protected].

Guide Price £81,500+

Three Bedroom Detached Property Guide Price* Good Rental Location £81,500+ Ready For Immediate Occupation

FEATURES Location Description

• Auction date: 15th – 16th November This property is located on Warneford Road, within The property offers accommodation set over two 2017 close proximity to the sea front and the town centre of storeys. To the ground floor, there is an entrance hall Cleethorpes. The sea front has many attractions such with laminate effect flooring and a staircase leading to • Three bedroom detached property as a choice of restaurants and bars, not to mention the the first-floor accommodation. The lounge area also has panoramic sea views. Cleethorpes town centre less laminate effect flooring, UPVC double glazed window to • Master bedroom with en-suite than one mile away from the property, which can be the front elevation and an electric radiator. The kitchen • Potential rental income of £575 pcm accessed via Grimsby Road or there are public includes fitted base and eye level units, a stainless-steel (£6,900 pa) transport options available. sink, tiling to the walls and laminate effect flooring. The ground floor also benefits from a cloakroom with low • Potential gross yield of 8.5% The property is situated close by to Grimsby, just 1.9 flush WC, pedestal wash hand basin and part tiled walls. • Good condition miles away. Grimsby can be reached via Queen Mary’s Avenue. A variety of amenities are offered in the area, The first floor comprises two double bedrooms and a • Close proximity to the city centre including; an Asda Superstore, The Freshney Place master bedroom. Each room provide spacious Shopping Centre, a museum and much more. accommodation with laminate effect flooring. The • Excellent transport links master bedroom has a UPVC double glazed window to • Designated private parking Grimsby is a historic fishing port and only a short the front elevation and an electric radiator, giving access drive from the city of culture, Hull. Grimsby is also to the en-suite bathroom. This includes a white three- Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James • Freehold located 69 miles East of Sheffield, accessible via the piece suite with panel bath, pedestal wash hand basin Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself M18 and 77 miles Southeast of Leeds, which is easily and low flush WC. There is tiling to the walls and floor. and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: E accessed by road via the M62. The first floor also benefits from a shower room which 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance comprises a shower cubicle, pedestal wash hand basin of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors: TBC should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any and low flush WC. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Externally, the property has space for off-road parking Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential to the front elevation. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 481 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 49 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 2B Warneford Road £67,500+ 15th - 16th November 2017 [email protected] LOT 19 Cleethorpes 0115 970 6060 LOT 19 Lincolnshire, DN35 7QL

Investment Analysis We estimate the property could let out at CLEETHORPES, LINCOLNSHIRE £525 pcm (£6,300 pa). This reflects a potential gross yield of 9.33%, based on the guide price.

Services We understand the property has mains electricity, water and drainage.

Tenure Freehold.

Council Tax The property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1,132.

Buyer's Premium 2% (minimum of £2,500) + VAT.

Viewing Please contact a member of John Pye Property to arrange a viewing on 0115 970 6060 or [email protected].

Two Bedroom Detached Property Guide Price* Good Rental Location £67,500+ Ready For Immediate Occupation

FEATURES Location Description

• Auction date: 15th – 16th November The property is located on Warneford Road, within The property offers accommodation set over two 2017 close proximity to the sea front and Cleethorpes town storeys. To the ground floor, there is an entrance hall centre. The sea front has many attractions such as a with a staircase leading to the first floor accommodation. • Two bedroom detached property choice of restaurants and bars, not to mention the The lounge area has partially wallpapered walls, panoramic sea views. Cleethorpes town centre is less carpeting to the floor and a UPVC double glazed • Good condition throughout than one mile away from the property, and can be window to the front elevation. The kitchen includes • Potential rental income of £525 pcm accessed by car via Grimsby Road. The immediate area fitted base and eye level units, an integrated oven and a (£6,300 pa) has good public transport links available. stainless steel sink with additional space for other appliances. The ground floor also benefits from a • Potential gross yield of 9.33% The property is situated close by to Grimsby, just 1.9 cloakroom with low flush WC, wall mounted wash hand • Good condition miles away. Grimsby can be reached via Queen Mary’s basin and part tiled walls with tile effect flooring. Avenue. A variety of amenities are offered in the area, • Close proximity to the city centre including; an Asda Superstore, The Freshney Place The first floor comprises two spacious bedrooms and a Shopping Centre, a museum and much more. family bathroom. Each bedroom is carpeted and has a • Excellent transport links wall mounted electric heater. The bathroom comprises a • Designated private parking Grimsby is a historic fishing port and only a short three-piece sweet with panel bath and shower drive from the city of culture, Hull. Grimsby is also attachment, pedestal wash hand basin and low flush Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James • Freehold located 69 miles East of Sheffield, accessible via the WC. The walls and floor are tiled. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself M18 and 77 miles Southeast of Leeds, which is easily and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: E accessed by road via the M62. Externally, the property has space for off-road parking 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance to the side elevation. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors: TBC should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 501 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 51 JP 13-10-18 Xmas A4 Advert.qxp_JP 13-10-18 Xmas A4 Advert 13/10/2017 11:30 Page 1

ADDRESS GUIDE PRICE* LOT 20 50 Olive Lane £31,500+ Darwen ONLINE AUCTION DATES Auctions Lancashire, BB3 0ET 15th & 16th November 2017 THE THINGS YOUR FAMILY NEED - ONLY DARWEN - LANCASHIRE CHEAPER! this Christmas!

Two Bedroom Terrace Property Guide Price* Currently Let To Rossendale Council £31,500+ Ideal Investment - 10.29% Gross Yield

FEATURES Location Description This stone built mid terrace property is entered from • Auction Date: 15th & 16th November 2017 The property is located on the Southern side of Olive Lane in the district of Darwen, Lancashire. street level. The ground floor comprises a living room • Two Bedroom Mid Terrace House Nearby local amenities include an Asda Superstore, area with a feature fireplace and a window to the front Leisure Centre, Schools, Parkland and various bars elevation. There is a spacious kitchen area located to the • Currently let to Rossendale Counci and Undergoing rear of the property, comprising a range of units and Refurbishment and restaurants. door to a spacious rear yard area. • Generating an Income of £3,240 pa The regular local bus service is located within a four To the first floor there are two well-proportioned • Gross Yield 10.29% minute walk and provides good access to the larger town of Blackburn where there are a wider range of bedrooms and a family bathroom, fitted with a three- • Rental Guarantee Until March 2019 amenities. piece suite. The property also benefits from double glazing, gas fired central heating as well as unrestricted • Excellent Transport Links The M65 motorway is situated just 1.5 miles from the on street parking. • Vacant property and provides good access to the rest of the • In Area of High Rental Demand Northwest of England and the M6 Motorway linking Investment Analysis Carlisle to Birmingham • Freehold We understand the property is currently let to Rossendale Council on contract until March 2019 and generates an income of £270 pcm (£3,240 per annum) representing a gross yield of 10.29%.

Council tax EPC Rating: The property is council tax band A, the current rate PLAYSTATION 4 R/C CAR iPHONE 7 Solicitors payable for 2017/2018 is £1166.21 SOLD £83.52 SOLD £53.26 SOLD £345.60 TBC Buyers Premium 2% (min. £2,500) plus VAT RRP £199.99 RRP £180 RRP £549

RRP prices are used as a guide only. Sold prices include buyer’s premium and vat.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price View. Bid. Buy. johnpye.co.uk 52 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 53 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 49 Watson Road £79,500+ 15th & 16th November 2017 [email protected] LOT 21 Worksop 0115 970 6060 LOT 21 Nottinghamshire, S80 2BA

Rateable value The property has a rateable value of WORKSOP, NOTTINGHAMSHIRE £4,900. We advise all interested parties to make their own enquiries.

Accommodation Total 266 m2 (2,863.22 Ft 2) taken from the EPC

Services We understand the property to have mains gas, electricity, water and drainage. We advise all interested parties to make their own enquiries.

Tenure The property is freehold

Guide Price £79,500+

Buyers Premium 2% (min. £2,500) plus VAT

Viewings Viewing by appointment. To view this Investment Analysis property, please contact John Pye Property The ground floor café and first/ second floor flat were previously let to the same - [email protected] - 0115 970 occupier with a combined income of £14,500 pa. 6060 The land utilised as a carpark to the rear of 47 Watson road has 12 clients paying between £25.00-£30.00 per month, providing an annual income of £3,600

The total potential income is £18,100 pa, reflecting a gross yield of 22.6% based on the guide price.

Mixed Use Retail & Residential Property Guide Price* Cafe & Flat - Previously Let For £14,500 pa £79,500+ Rear Car Park - Current Income £3,600 pa

FEATURES Location Description

• Auction date: 15th/16th November 2017 The property is in a prominent position The property comprises a traditional semi- close to the junction of Watson Road and detached building providing accommodation • Mixed use part income producing investment Ryton Street which are both main arterial over ground, first and second floors. The routes through the town of Worksop. property is constructed in brick under a slate • Ground floor café - previous rent £9,100 roof and previously traded as a commercial pa This area of Watson Road is a popular retail café with a residential flat above. • First and second floor three bedroom flat location, with further commercial premises • Flat previously rented for £5,400 pa operating nearby, such as hair by reality The property at ground floor level is laid out • Land /car park to the rear of the property salon, let’s talk wellbeing, Mavrix wine bar, to provide accommodation for the café with office uses and residential properties. The the upper floors being configured as a three • Rental income from car park £3,600 pa property is located within easy walking bedroom flat. The property requires • Potential rental of £18,100 pa distance of the town centre and their refurbishment throughout. • Potential gross yield 22.6% based on the amenities. guide price In addition to the subject premises there is a • Refurbishment required throughout Worksop is a North Nottinghamshire good-sized plot of land to the rear of the Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James market town, centrally positioned and property currently utilised as a car park and Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: E within easy reach of the surrounding has potential for development, subject to 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance centres of Doncaster, Sheffield, Rotherham, planning. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any Lincoln and Nottingham. The A1and A57 purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or SGC Solicitors Intersection are within approximately 20 suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye minutes driving distance and the M1, M18 Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings and M62 are within easy reach also. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 541 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 55 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 28 Diamond Avenue £225,000+ 15th/16th November 2017 [email protected] LOT 22 Plymouth 0115 970 6060 LOT 22 Devon PL4 8QD

Accommodation: 1,584 ft 2 (taken from the EPC) PLYMOUTH, DEVON Tenure Freehold

Services: We believe the building to be connect to mains, electricity, water and drainage, however, we recommend that interested parties make their own enquiries.

Buyers Premium 2% (min. £2,500) plus VAT

Five rooms let on fixed AST’s until July 31st 2018, achieving £441.00 pcm per room over an 11 month period ( £24,255.00 pa ) with further income potential once the sixth single room is let.

The current rent reflects a yield of 10.8% based on the guide price.

The vendor currently pays for all water, gas, electric, broadband and buildings insurance.

Income Producing Investment Opportunity Guide Price* £225,000+ Six Bed Student Property

FEATURES Location Description

• Auction date 15th/ 16th November 2017 Plymouth is a port city in Devon, southwest England. It’s The property is a double bay fronted mid terrace of traditional known for its marmite heritage and historic barbican district brick construction, with a pitched and tiled roof. • Income producing investment opportunity with narrow, cobbled streets. The property briefly comprises a hallway, lounge, kitchen, five double bedrooms, one single bedroom, shower room and • Substantial two storey mid terrace The property is located on Diamond Avenue, toward the end bathroom. • Five rooms let to students of a cul-de-sac. It is close to Freedom Fields park open green space, within 9 minute walking distance of Plymouth College The owners inform us the property is of a high standard being • One single room vacant of art and 15 to the university of Plymouth . There is a bus fully refurbished in 2008 and is very popular with students, • Let until July 2018 service running along Lisson road making for easy access into many of whom stay on as a group for two years. Fixtures and the University and city centre. fittings are included with the sale, and there is a fridge freezer, • Current rental income of £24,255 per annum dishwasher, microwave, washing machine and tumble dryer. • Current rental yield of 10.8% based on the guide price The harbour of Plymouth is one mile South of the property which homes the tourist attractions of the National marine In the dining room there is a two leather sofas, flat screen tv, • Fully refurbished 2008 aquarium, together with many restaurants with sea views. solid oak table and six leather / solid wood chairs. • Excellent student rental location To the north east there is Dartmoor National park approximately 6.5 miles. The bedrooms have Devonshire Pine double wardrobes and chests of drawers, double metal framed beds and solid built in The property also benefits from good road links to the A38 beech desks with pneumatic chairs. The rooms have been providing access to the M5 motorway. furnished with desk lamps, stylish window dressings with either curtains or blinds.

Throughout the house there is a mixture of flooring. The stairs have a wool carpet, stylish rugs in each bedroom and ELKA Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James rustic dark oak solid wood flooring in the living room/kitchen. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 561 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 57 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 5 Wilson Street £150,000+ 15th/16th November 2017 [email protected] LOT 23 Workington 0115 970 6060 LOT 23 Cumbria, CA14 4AZ

Services We understand the property has WORKINGTON, CUMBRIA connections to mains gas, electricity, water & drainage

Tenure The property is freehold.

Business Rates The premises have a current rateable value of £7,500.

Guide Price £150,000+

VAT TBA

Investment Analysis The restaurant is currently leased on full repairing and insuring terms with an unexpired term of 11 years.

The current income is £21,500 per annum, representing a net yield of between 10% and 11% based on the guide price

Restaurant In Busy Town Centre Location Guide Price* £21,500 pa - 10% - 11% Net Yield £150,000+ 11 Years Remaining On Lease

FEATURES Location Description

• Auction Dates 15th/16th November 2017 The subject property is located on the The restaurant was established in 2012 and Eastern Side of Wilson Street in the busy due to its popularity has continued to grow • Currently Let To Well Established Restaurant northwestern coastal town of Workington. over the past few years to now provide seating for up to 100 covers plus a stylish • 11 Years Unexpired Term Workington lies 32 miles south of Carlisle cocktail lounge spread over two floors. • Current Rent £21,500 pa and is just 10 miles west of the Lake • Net Yield 10% - 11% based on the guide District. Various amenities within the The air conditioned restaurant is furnished to price vicinity include a large shopping centre, a high standard with a storm porch upon various leisure facilities and a wide range of entry, wooden flooring, neutrally decorated • Close To All Amenities independent, local, national and walls and ceilings. Lighting is provided by • Air Conditioned international retailers. modern spotlights and wall lights. In • Full Repairing and Insuring Lease addition to the ground floor there is a large • Freehold Workington has good road links with the kitchen preparation area and raised stylish A596 linking to the other smaller coastal cocktail bar. • Popular Town Centre Location towns. The main A66 connects to the M6 Motorway at Penrith and further afield to Stairs to the first floor provide additional Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James the A1 at Scotch Corner. seating with sinilar decoration and Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself furnishings. and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance In addition, there is a railway station in the of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors town following the Northern Line which in The restaurant is highly rated on trip should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any turn connects to the larger rail networks advisor. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye such as Virgin and Scotrail. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 581 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 59 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 15 Lisson Grove £225,000+ 15th - 16th November 2017 [email protected] LOT 24 Plymouth 0115 970 6060 LOT 24 PL4 7DL

Description Continued... Externally, the property benefits from on PLYMOUTH, DEVON street parking within the vicinity. Accommodation Total – 1,455 ft2 (Taken from the EPC).

Tenure Freehold.

Services We understand the property has mains electricity, water and drainage, however, we recommend interested parties make their own enquires.

Council Tax This property is rated council tax band C. Council tax payable 2017/18 is £1,480.

Buyer’s Premium 2% (minimum of £2,500 + VAT).

Viewing Please contact a member of John Pye Investment Analysis Property for viewing on 0115 970 6060 or Over recent years, each double room has let for £99 per week and the single room at £89 per week, over a 48 week period, providing a total rent of approximately £28,000 per annum. [email protected]. The house is currently occupied by post graduates who are all paying slightly different rents, but totalling Guide Price approximately £23,000 per annum. £225,000+ The single room is currently vacant, although this has not normally been the case in past years, and can be tenanted by the new owner if required.

Six Bedroom Student Investment Guide Price* Opportunity £225,000+ Potential Gross Yield Of 12.45%

FEATURES Location Description

• Auction date: 15th – 16th November 2017 This property is located towards the top The property comprises accommodation set over two end of Lisson Grove, just off Mutley Plain, storeys. The ground floor includes; hallway, two double • Six letting rooms – five doubles & one Plymouth. The street is situated close by to bedrooms, reception room, kitchen, shower room and single lobby area. The hallway is carpeted, providing access to a variety of amenities including; doctor’s the first floor accommodation via a single stairway, with • Current income £23,132.48 pa (one single surgery on the corner, Boots, Tesco’s and a vacant) a turning landing. The kitchen includes all appliances Sainsbury’s. The property also benefits such as a ceramic hob, fan oven, Bosch dishwasher • Current gross yield 10.3% from a nearby park, offering plenty of open purchased in 2016, stainless steel sink, microwave, pots • Previously generated approx. £28,000 pa space and within walking distance. and pans as well as other appliances. There is also a large capacity washing machine and tumble dryer. • Potential gross yield of 12.45% Plymouth is located on the south coast of • Freehold The shower room includes a fitted toilet, sink and Devon. The city offers attractive coastlines shower cubicle. • Good condition and historic market towns, it is the perfect • UPVC double glazed windows student and tourist location. Plymouth train The first floor includes three double bedrooms, one station is located within close proximity of single bedroom and bathroom. The bathroom comprises • On street parking a recently fitted three piece suite including a bath with the property. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James shower over head and tiled walls. Each bedroom offers Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself spacious accommodation, with fitted carpets and and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D Devon is situated 170 miles south of Wales plastered and painted walls, each individually styled. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance and 190 miles south west of London. Each of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any of which are accessed via the M5 or by purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or train. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 601 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 61 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 11 Warwick Place £65,000+ 15th & 16th November 2017 [email protected] LOT 25 Tewkesbury 0115 970 6060 LOT 25 Gloucestershire, GL20 5EQ

Accommodation 53 Sq. M (570 Sq. Ft) TEWKESBURY, GLOUCESTERSHIRE Approx. gross internal floor area

Services We understand the property to have mains electricity, water and drainage however we advise any interested parties to make their own enquiries.

Tenure The property is leasehold, please refer to legal pack for further details.

Council Tax The property is rated in Council Tax Band A. Council Tax payable (2016/17) is approximately £1,053.45.

Buyers Premium 2% + VAT (Minimum £2,500 + VAT)

Two Bedroom Flat Ideal Residential Guide Price* Investment Property Potential Gross Yield £65,000+ of 9.69%

Location Description FEATURES The property is conveniently located on The property is located within a purpose • Auction date: 15th & 16th November 2017 Warwick Place, a quiet cul-de-sac on the built block of traditional brick construction, outskirts of Tewkesbury town centre, situated on the second floor the flat offers • Second floor flat occupying a prominent position within comfortable yet spacious accommodation • Two double bedrooms close proximity to Tewkesbury Nature throughout. Reserve. The immediate area is • Well-presented and spacious characterised mainly by residential property The block is entered at ground floor level via • In an area of high rental demand with a wealth of amenities, leisure facilities a communal entrance hall with stairs to the • Ideal investment or owner occupier and schooling options available nearby. upper floors. The accommodation briefly comprises; entrance hallway, living room, • Potential rental of £525 pcm (£6,300 pa) Located in Gloucestershire, Tewkesbury is kitchen, two double bedrooms and a family • Potential gross yield of 9.69% a small town at the convergence of the bathroom. River Seven and the River Avon with the • Vacant possession smaller rivers of Swilgate and Carrant The property also benefits from electric • Good transport links Brook passing through the town. Popular storage heating and uPVC double glazing with commuters the area offers excellent throughout. road links with the A38, A46, M5 & M50 Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Motorway all within close proximity. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The City of Worcester is located 17 miles of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given EPC Rating: C north of Tewkesbury, Cheltenham and should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any Gloucester are both within 10 miles to the purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Solicitors south. Ashchurch for Tewkesbury Railway suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential station is located 2 miles east of the town land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings centre and is easily accessible via the A438. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 621 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 2 63 ADDRESS GUIDE PRICE* ADDRESS GUIDE PRICE* 4H Steamer Street £15,000-£17,000+ 10A Steamer Street £17,000 - £18,000+ LOT 26 Barrow-In-Furness ONLINE AUCTION DATES LOT 27 Barrow-In-Furness ONLINE AUCTION DATES Lancashire LA14 2SG 15th & 16th November 2017 Lancashire, LA14 2SH 15th & 16th November 2017

BARROW IN FURNESS, LANCASHIRE BARROW-IN-FURNESS, LANCASHIRE

Third Floor, One Bedroom Apartment Guide Price* One Bedroom Ground Floor Apartment Guide Price* £15,000 - £17,000+ £17,000 - £18,000+ Ideal Investment Opportunity Ideal Buy To Let Investment Opportunity FEATURES Location Description FEATURES Location Description • Auction Date: 15th/16th November 2017 Barrow in Furness is a busy town and sea The one-bedroom apartment is located on the • Auction Date 15th/16th November 2017 Barrow in Furness is a busy town and sea This one bedroom apartment is located on the ground floor briefly comprising of a reception room, kitchen, • Guide Price: £15,000-£17,000+ port in the county of Cumbria, close to the third floor, comprising of an entrance hall, • Guide Price: £17,000 - £18,000+ port in the county of Cumbria, close to the Lake District National Park and bordered reception room, kitchen, bathroom and one Lake District National Park and bordered bathroom and one bedroom. • Ideal buy to let investment opportunity • Ground floor apartment by Morecombe Bay. Lancaster is bedroom. by Morecombe Bay. Lancaster is We have been advised that the property is in a good • One bedroom apartment approximately 50 miles to the south. • One bedroom approximately 50 miles to the south. condition. • Currently tenanted We have been advised that the property is in • Currently tenanted Barrow in Furness is accessed from the Barrow in Furness is accessed from the a good condition. south via the M6 motorway and in turn the Externally the property benefits from on street parking. • Achieving £325 pcm (£3,900 pa) • Achieving £325 pcm (£3,900 pa) south via the M6 motorway and in turn the A590. Accommodation • 26% Gross yield based on lower guide A590. Externally the property benefits from on street • Gross yield of 22.94% based on guide The subject property is situated towards 462 sq ft (taken from EPC) price parking. price the western end of Steamer Street, close to • 462 sq ft (taken from EPC) The subject property is situated towards • 462 sq ft (taken from EPC) the junction with Ship Street. Tenure • Long leasehold the western end of Steamer Street, close to Accommodation • High demand for rentals in area Long Leasehold – Please refer to legal pack. the junction with Ship Street. 462 (sq. ft) taken from the energy performance Services • Close to local amenities certificate. • Ideal buy to let investment We understand the property to be connected to gas, electricity, water and drainage. Services EPC Rating: We believe the building to be connect to Solicitors Council Tax EPC Rating: F mains electricity, water and drainage. Council Tax band A £1149.15 pa Solicitors Investment Analysis Council Tax band A £1149.15pa The property is currently achieving a rent £325 pcm (£3900 pa) reflecting a gross yield of 22.94% based on David Morgan Jones Solicitors. Buyers Premium the guide price. 2% ( subject to a minimum fee of £2,500) + Buyer’s Premium V.A.T 2% (minimum of £2,500) + VAT.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 64 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 65 ADDRESS GUIDE PRICE* £21,000 - £23,000+ Residential 13H Island Road LOT 28 Barrow-In-Furness ONLINE AUCTION DATES Commercial Property Lancashire, LA14 2QN 15th - 16th November 2017 Nationwide

BARROW IN FURNESS, LANCASHIRE

Three Bedroom Third Floor Apartment Guide Price* Ideal Buy To Let Investment £21,000 - £23,000+ Opportunity FEATURES Location Description • Auction Date: 15th - 16th November 2017 Barrow in Furness is a busy town and sea This three-bedroom apartment is located on the third floor of this residential apartment block. The • Guide Price: £21,000 - £23,000+ port in the county of Cumbria, close to the Lake District National Park and bordered accommodation comprises of a kitchen, living room, • Third floor flat bathroom and three bedrooms. by Morecombe Bay. Lancaster is • Three Bedrooms approximately 50 miles to the south. Externally, the property benefits from on street parking. • Currently vacant Barrow in Furness is accessed from the • Previously tenanted at £433.33 pcm south via the M6 motorway and in turn the Tenure (£5,199.96 pa) A590. Long Leasehold – please see legal pack for further details. • Potential gross yield of 24.78% based on Services the guide price The subject property is situated towards No hassle, peace We understand the property to have mains gas, • Strong rental area the eastern end of Island Road, close to the electricity, water and drainage. junction with Steamer Street. • Kitchen and bathroom Investment Analysis of mind solutions... • Ideal buy to let investment The flat was previously tenanted at £433.33 per calendar month (£5,199.96 per annum), reflecting a gross yield of EPC Rating: 24.78% based on the guide price. We have a very experienced team, offering: Solicitors Guide Price / Valuations / Agency / Maintenance / Security / Auctions £21,000 £23,000+ Buyer’s Premium 2% (minimum of £2,500) + VAT. Contact one of the team to discuss your requirements on 0115 970 60 60 or [email protected] johnpye.co.uk *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price

66 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 67 ADDRESS GUIDE PRICE* ADDRESS GUIDE PRICE* 2F Steamer Street £17,000 - £18,000+ The Wellington Wellington Street £125,000+ LOT 29 Barrow-In-Furness ONLINE AUCTION DATES LOT 30 Clayton-le-moors, Accrington ONLINE AUCTION DATES Lancashire, LA14 2SG 15th - 16th November 2017 Lancashire, BB5 5HU 15th & 16th November 2017

BARROW IN FURNESS, LANCASHIRE CLAYTON-LE-MOORS - LANCASHIRE

One Bedroom Second Floor Apartment Guide Price* A Substantial Public House With Guide Price* Ideal Buy To Let Investment £17,000 - £18,000+ Generous Living Accommodation £125,000+ Opportunity Previously Let for £14,300 pa FEATURES Location Description FEATURES Location Description • Auction Date: 15th - 16th November 2017 Barrow in Furness is a busy town and sea The one bedroom apartment is located on the second • Auction date 15th / 16th November 2017 The property is located on Wellington This substantial two storey corner property port in the county of Cumbria, close to the floor, comprising of an entrance hall, reception room, • Guide Price: £17,000 - £18,000+ • Ideal investment opportunity Street in the village of Clayton le Moors, briefly comprises of a lounge bar, games Lake District National Park and bordered kitchen, bathroom and one bedroom. two miles north of Accrington in room and two function rooms to the ground • Second floor apartment by Morecombe Bay. Lancaster is • Substantial Two storey property of Lancashire. floor. To the first floor there is a flat with three We have been advised by the managing agents that the traditional construction • One Bedroom approximately 50 miles to the south. property is in a good condition. bedrooms. • Currently tenanted Barrow in Furness is accessed from the • Trading public house Conveniently positioned just off Whalley south via the M6 motorway and in turn the Externally the property benefits from on street parking. Road (A680) the main connecting road We have been advised that the property • Achieving £325 pcm ( £3,900 pa ) • Three bed living accommodation to first A590. floor passing through the village giving direct benefits from being in a reasonable condition • Gross yield of 22.94% based on guide Accommodation access to the M65 Motorway, providing through out with a patio/smoking area and price 462 (sq. ft) taken from the energy performance certificate • Potential to residential conversion (subject The subject property is situated towards to planning) easy access east to Burnley (8 miles) or garage to the outside. • 462 sq ft ( taken from EPC ) the western end of Steamer Street, close to Tenure • Virtual freehold south west to Blackburn (5 Miles) making • High demand for rentals in area the junction with Ship Street. Long Leasehold – Please see legal pack for further details. this a popular choice for commuting Accommodation: • Previous rental income of £14,300 per families. Total floor area 5,134 sq. ft (taken from • Ideal buy to let investment opportunity Services annum energy performance certificate) We understand the property to be connect to mains gas, electricity, water and drainage. • Previous rental yield of 11% based on Clayton le Moors offers a wealth of local EPC Rating: guide price amenities with national and international Services: Solicitors Council Tax retailers on the doorstep providing good We understand the property is connections to Council Tax band A £1149.15pa passing footfall. mains gas, electricity, water and drainage, TBC EPC Rating: Investment Analysis however interested parties should make their The property is currently tenanted for £325pcm (£3,900 Solicitors The Large town of Blackburn offers a wide own enquiries. pa) reflecting a gross yield of 22.94% based on the guide variety of amenities, leisure facilities and price. transport option with Blackburn Railway Buyer’s Premium TBC 2% (minimum of £2,500) + VAT. Buyer’s Premium Station (northern line) providing regular 2% (minimum of £2,500) + VAT. access across the country.

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price

68 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 69 COMMON AUCTION Reproduced with TERMS & CONDITIONS the consent of the RICS CONDITIONS Property (Edition 3 August 2009)

COMMON AUCTION Glossary Auctioneers CONDITIONS This glossary applies to the auction conduct The auctioneers at the auction. conditions and the sale conditions. Introduction Wherever it makes sense: Business day The Common Auction Conditions have been • singular words can be read as plurals, and Any day except (a) a Saturday or a Sunday; produced for real estate auctions in England plurals as singular words; (b) a bank holiday in England and Wales; or and Wales to set a common standard across • a “person” includes a corporate body; words (c) Good Friday or Christmas Day. the industry. They are in three sections: of one gender include the other genders; references to legislation are to that legislation Buyer as it may have been modified or re-enacted Glossary The person who agrees to buy the lot or, if The glossary gives special meanings to certain by the date of the auction or the contract date (as applicable); and applicable, that person’s personal words used in both sets of conditions. representatives: if two or more are jointly the • where the following words printed in bold buyer their obligations can be enforced against black type appear in bold blue type they have them jointly or against each of them Auction Conduct Conditions the specified meanings. The Auction Conduct Conditions govern the separately. relationship between the auctioneer and Actual completion date anyone who has a catalogue, or who attends or Catalogue The date when completion takes place or is Online Property bids at the auction. They cannot be changed The catalogue to which the conditions refer treated as taking place for the purposes of without the auctioneer’s agreement. including any supplement to it. We recommend that these conditions are set apportionment and calculating interest. Auction Terms & out in a two-part notice to bidders in the Completion auction catalogue, part one containing Addendum An amendment or addition to advisory material – which auctioneers can the conditions or to the particulars or to both Unless otherwise agreed between seller and tailor to their needs – and part two the auction whether contained in a supplement to the buyer (or their conveyancers) the occasion Conditions conduct conditions. catalogue, a written notice from the when both seller and buyer have complied with auctioneers or an oral announcement at the their obligations under the contract and the auction. balance of the price is unconditionally received Sale Conditions in the seller’s conveyancer’s client account. The Sale Conditions govern the agreement Agreed completion date between each seller and buyer. They include Condition general conditions of sale and template forms Subject to condition G9.3: - Common Auction Conditions One of the auction conduct conditions or sales of special conditions of sale, tenancy and (a) the date specified in the special conditions; conditions. arrears schedules and a sale memorandum. or (b) if no date is specified, 20 business days - Amendments to after the contract date; but if that date is Contract Important Notice not a business day the first subsequent The contract by which the seller agrees to sell business day. and the buyer agrees to buy the lot. Common Auction Conditions A prudent buyer will, before bidding for a lot at an auction: Approved financial institution Contract date • Take professional advice from a conveyancer The date of the auction or, if the lot is not sold and, in appropriate cases, a chartered Any bank or building society that has signed at the auction: - Extra Auction Conduct Conditions surveyor and an accountant; up to the Banking Code or Business Banking Code or is otherwise acceptable to the • Read the conditions; auctioneers. (a) the date of the sale memorandum signed • Inspect the lot; by both the seller and buyer; or • Carry out usual searches and make usual Arrears (b) if contracts are exchanged, the date of enquiries; Arrears of rent and other sums due under the exchange. If exchange is not effected in • Check the content of all available leases and person or by an irrevocable agreement to other documents relating to the lot; tenancies and still outstanding on the actual completion date. exchange made by telephone, fax or • Check that what is said about the lot in the electronic mail the date of exchange is the catalogue is accurate; date on which both parts have been signed • Have finance available for the deposit and Arrears schedule and posted or otherwise placed beyond purchase price; The arrears schedule (if any) forming part of normal retrieval. • Check whether VAT registration and election the special conditions. is advisable; Documents Auction Documents of title (including, if title is The conditions assume that the buyer The auction advertised in the catalogue. registered, the entries on the register and the has acted like a prudent buyer. If you title plan) and other documents listed or choose to buy a lot without taking Auction conduct conditions referred to in the special conditions relating to the lot. these normal precautions you do so The conditions so headed, including any extra at your own risk. auction conduct conditions. Financial charge A charge to secure a loan or other financial indebtness (not including a rentcharge).

Property Auction November 2017 - Catalogue 71 COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS (Edition 3 August 2009) (Edition 3 August 2009)

General conditions Tenancies A2.3 We may cancel the auction, or alter the A5 The contract General conditions of sale G1.7 The lot does not include any tenant’s or That part of the sale conditions so headed, Tenancies, leases, licences to occupy and order in which lots are offered for sale. A5.1 A successful bid is one we accept as such trade fixtures or fittings. including any extra general conditions. agreements for lease and any documents We may also combine or divide lots. A (normally on the fall of the hammer). G1.8 Where chattels are included in the lot varying or supplemental to them. lot may be sold or withdrawn from sale This condition A5 applies to you if you Words in bold red type have special the buyer takes them as they are at prior to the auction. meanings, which are defined in the Interest rate make the successful bid for a lot. completion and the seller is not liable A2.4 You acknowledge that to the extent Glossary. if they are not fit for use. If not specified in the special conditions, Tenancy schedule A5.2 You are obliged to buy the lot on the permitted by law we owe you no duty of G1.9 The buyer buys with full knowledge of: 4% above the base rate from time to time of The tenancy schedule (if any) forming part of terms of the sale memorandum at the care and you have no claim against us for price you bid plus VAT (if applicable). The general conditions (including any extra (a) the documents, whether or not the Barclays Bank plc. (The interest rate will also the special conditions. any loss. apply to judgment debts, if applicable.) A5.3 You must before leaving the auction general conditions) apply to the contract buyer has read them; and : except to the extent that they are varied by (b) the physical condition of the lot and Transfer (a) provide all information we reasonably A3 Bidding and reserve prices need from you to enable us to complete special conditions or by an addendum. what could reasonably be discovered on Lot Transfer includes a conveyance or assignment A3.1 All bids are to be made in pounds the sale memorandum (including proof of inspection of it, whether or not the buyer Each separate property described in the (and “to transfer” includes “to convey” or “to sterling exclusive of any applicable VAT. your identity if required by us); has inspected it. catalogue or (as the case may be) the property assign”). G1. The lot A3.2 We may refuse to accept a bid. We do that the seller has agreed to sell and the buyer (b) sign the completed sale G1.1 The lot (including any rights to be not have to explain why. memorandum; and granted or reserved, and any exclusions G1.10 The buyer is not to rely on the to buy (including chattels, if any). TUPE A3.3 If there is a dispute over bidding we are (c) pay the deposit. from it) is described in the special information contained in the particulars The Transfer of Undertakings (Protection of entitled to resolve it, and our decision is A5.4 If you do not we may either: conditions, or if not so described the lot but may rely on the seller’s Old arrears Employment) Regulations 2006. final. conveyancer’s written replies to (a) as agent for the seller treat that failure is that referred to in the sale Arrears due under any of the tenancies that preliminary enquiries to the extent A3.4 Unless stated otherwise each lot is as your repudiation of the contract and memorandum. are not “new tenancies” as defined by the stated in those replies. VAT subject to a reserve price (which may be offer the lot for sale again: the seller may G1.2 The lot is sold subject to any tenancies Landlord and Tenant (Covenants) Value Added Tax or other tax of a similar fixed just before the lot is offered for then have a claim against you for breach disclosed by the special conditions, but Act 1995. nature. sale). If no bid equals or exceeds that of contract; or otherwise with vacant possession on G2. Deposit reserve price the lot will be withdrawn (b) sign the sale memorandum on your completion. G2.1 The amount of the deposit is the greater from the auction. Particulars VAT option behalf. G1.3 The lot is sold subject to all matters of: A3.5 Where there is a reserve price the seller The section of the catalogue that contains A5.5 The deposit: contained or referred to in the (a) any minimum deposit stated in the An option to tax. may bid (or ask us or another agent to descriptions of each lot (as varied by any (a) is to be held as stakeholder where documents, but excluding any financial auction conduct conditions (or the total bid on the seller’s behalf) up to the charges: these the seller must discharge addendum). VAT would be chargeable on the deposit price, if this is less than that minimum); We (and us and our) reserve price but may not make a bid on or before completion. and The auctioneers. equal to or exceeding the reserve price. were it to be held as agent for the seller, Practitioner but otherwise is to be held as stated in G1.4 The lot is also sold subject to such of the (b) 10% of the price (exclusive of any You accept that it is possible that all bids following as may affect it, whether they An insolvency practitioner for the purposes of the sale conditions and VAT on the price). up to the reserve price are bids made by ; arise before or after the contract date and the Insolvency Act 1986 (or, in relation to You (and your) G2.2 The deposit or on behalf of the seller. (b) must be paid in pounds sterling by whether or not they are disclosed by the jurisdictions outside the United Kingdom, any Someone who has a copy of the catalogue or cheque or by bankers’ draft made (a) must be paid in pounds sterling by A3.6 Where a guide price (or range of prices) seller or are apparent from inspection of similar official). who attends or bids at the auction, whether or payable to us on an approved financial cheque or banker’s draft drawn on an not a buyer. is given that guide is the minimum price the lot or from the documents: at which, or range of prices within which, institution. The extra auction conduct approved financial institution (or by any conditions may state if we accept any (a) matters registered or capable of other means of payment that the Price the seller might be prepared to sell at the registration as local land charges; Auction conduct conditions date of the guide price. But guide prices other form of payment. auctioneers may accept); and The price that the buyer agrees to pay for the (b) matters registered or capable of may change. The last published guide A5.6 We may retain the sale memorandum (b) is to be held as stakeholder unless the lot. A1 Introduction registration by any competent authority price will normally be at or above any signed by or on behalf of the seller until auction conduct conditions provide that A1.1 Words in bold red type have special or under the provisions of any statute; reserve price, but not always – as the the deposit has been received in cleared it is to be held as agent for the seller. meanings, which are defined in the Ready to complete seller may fix the final reserve price just funds. (c) notices, orders, demands, proposals G2.3 Where the auctioneers hold the deposit and requirements of any competent Ready, willing and able to complete: if Glossary. before bidding commences. A5.7 If the buyer does not comply with its as stakeholder they are authorised to authority; completion would enable the seller to A1.2 The catalogue is issued only on the basis obligations under the contract then: release it (and interest on it if applicable) discharge all financial charges secured on the (d) charges, notices, orders, restrictions, that you accept these auction conduct (a) you are personally liable to buy the to the seller on completion or, if lot that have to be discharged by completion, A4 The particulars and other agreements and other matters relating to conditions. They govern our relationship lot even if you are acting as an agent; completion does not take place, to the then those outstanding financial charges do information town and country planning, highways or with you and cannot be disapplied or and person entitled to it under the sale not prevent the seller from being ready to varied by the sale conditions (even by a A4.1 We have taken reasonable care to public health; (b) you must indemnify the seller in conditions. complete. condition purporting to replace the prepare particulars that correctly (e) rights, easements, quasi-easements, respect of any loss the seller incurs as G2.4 If a cheque for all or part of the deposit whole of the Common Auction describe each lot. The particulars are and wayleaves; a result of the buyer’s default. is not cleared on first presentation the Sale conditions Conditions). They can be varied only if based on information supplied by or on (f) outgoings and other liabilities; seller may treat the contract as at an end we agree. behalf of the seller. You need to check The general conditions as varied by any (g) any interest which overrides, within and bring a claim against the buyer for that the information in the particulars is A5.8 Where thebuyer is a company you special conditions or addendum. the meaning of the Land Registration Act breach of contract. correct. warrant that the buyer is properly A2 Our Role 2002; G2.5 Interest earned on the deposit belongs to A4.2 If the special conditions do not contain a constituted and able to buy the lot. A2.1 As agents for each seller we have (h) matters that ought to be disclosed by the seller unless the sale conditions Sale memorandum description of the lot, or simply refer to authority to: the searches and enquiries a prudent provide otherwise. The form so headed (whether or not set out in the relevant lot number, you take the risk A6 Extra Auction Conduct buyer would make, whether or not the the catalogue) in which the terms of the (a) prepare the catalogue from that the description contained in the Conditions buyer has made them; and contract for the sale of the lot are recorded. information supplied by or on behalf of particulars is incomplete or inaccurate, G3. Between contract and completion A6.1 Despite anyspecial condition to the (i) anything the seller does not and could each seller; as the particulars have not been prepared G3.1 Unless the special conditions state contrary the minimum deposit we accept not reasonably know about. (b) offer each lot for sale; by a conveyancer and are not intended otherwise, the seller is to insure the lot Seller is £250 (or the total price, if less). A (c) sell each lot; to form part of a legal contract. G1.5 Where anything subject to which the lot from and including the contract date to The person selling the lot. If two or more are special condition may, however, require a (d) receive and hold deposits; is sold would expose the seller to liability completion and: jointly the seller their obligations can be A4.3 The particulars and the sale conditions higher minimum deposit. (e) sign each sale memorandum; and may change prior to the auction and it is the buyer is to comply with it and (a) produce to the buyer on request all enforced against them jointly or against each indemnify the seller against that liability. of them separately. (f) treat a contract as repudiated if the your responsibility to check that you relevant insurance details; buyer fails to sign a sale memorandum or have the correct versions. G1.6 The seller must notify the buyer of any (b) pay the premiums when due; pay a deposit as required by these A4.4 If we provide information, or a copy of a notices, orders, demands, proposals and (c) if the buyer so requests, and pays any Special conditions requirements of any competent authority auction conduct conditions. document, provided by others we do so additional premium, use reasonable Those of the sale conditions so headed that of which it learns after thecontract date A2.2 Our decision on the conduct of the only on the basis that we are not endeavours to increase the sum insured relate to the lot. but the buyer must comply with them auction is final. responsible for the accuracy of that or make other changes to the policy; and keep the seller indemnified. information or document. (d) at the request of the buyer use.

72 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 73 COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS (Edition 3 August 2009) (Edition 3 August 2009)

reasonable endeavours to have the duty land tax relating to that application indemnify the seller against that liability. G8. If the contract is brought (a) the buyer is liable to pay interest; G11.8 While anyarrears due to the seller buyer’s interest noted on the policy if it has been paid; and G5.3 The seller cannot be required to transfer to an end and remain unpaid the buyer must: does not cover a contracting purchaser; (iv) a letter under which the seller or its the lot to anyone other than the buyer, or If the contract is lawfully brought to an (b) the seller has given notice to the (a) try to collect them in the ordinary (e) unless otherwise agreed, cancel the conveyancer agrees to use all reasonable by more than one transfer. end: buyer at any time up to completion course of management but need not insurance at completion, apply for a endeavours to answer any requisitions requiring apportionment on the date (a) the buyer must return all papers to the take legal proceedings or forfeit the refund of premium and (subject to the raised by the land registry and to instruct from which interest becomes payable tenancy; G6. Completion seller and appoints the seller its agent to rights of any tenant or other third party) the land registry to send the completed by the buyer; in which event income G6.1 Completion is to take place at the offices cancel any registration of the contract; (b) pay them to the seller within five pay that refund to the buyer; and registration documents to the buyer. and outgoings are to be apportioned on of the seller’s conveyancer, or where the and business days of receipt in cleared (f) (subject to the rights of any tenant or (e) The buyer has no right to object to or the date from which interest becomes seller may reasonably require, on the (b) the seller must return the deposit and funds (plus interest at the interest rate other third party) hold on trust for the make requisitions on any title information payable by the buyer. agreed completion date. The seller can any interest on it to the buyer (and the calculated on a daily basis for each buyer any insurance payments that the more than seven business days after that subsequent day’s delay in payment); only be required to complete on a buyer may claim it from the stakeholder, G10.4 Apportionments are to be calculated on seller receives in respect of loss or information has been given to the buyer. business day and between the hours of if applicable) unless the seller is entitled the basis that: (c) on request, at the cost of the seller, damage arising after the contract date or 0930 and 1700. to forfeit the deposit under condition (a) the seller receives income and is assign to the seller or as the seller may assign to the buyer the benefit of any G4.3 Unless otherwise stated in the special G6.2 The amount payable on completion is G7.3. liable for outgoings for the whole of the direct the right to demand and sue for claim; and the buyer must on completion conditions the seller sells with full title the balance of the price adjusted to take day on which apportionment is to be old arrears, such assignment to be in reimburse to the seller the cost of that guarantee except that (and the transfer account of apportionments plus (if made; such form as the seller’s conveyancer insurance (to the extent not already paid shall so provide): G9. Landlord’s licence may reasonably require; applicable) VAT and interest. (b) annual income and expenditure by the buyer or a tenant or other third G9.1 Where the lot is or includes leasehold (d) if reasonably required, allow the (a) the covenant set out in section 3 of G6.3 Payment is to be made in pounds sterling accrues at an equal daily rate assuming party) for the period from and including land and licence to assign is required this seller’s conveyancer to have on loan the the Law of Property (Miscellaneous and only by: 365 days in a year, and income and the contract date to completion. Provisions) Act 1994 shall not extend to condition G9 applies. expenditure relating to some other counterpart of any tenancy against an (a) direct transfer to the seller’s G3.2 No damage to or destruction of the lot matters recorded in registers open to G9.2 The contract is conditional on that period accrues at an equal daily rate undertaking to hold it to the buyer’s conveyancer’s client account; and nor any deterioration in its condition, public inspection; these are to be treated licence being obtained, by way of formal during the period to which it relates; order; however caused, entitles the buyer to as within the actual knowledge of the (b) the release of any deposit held by a licence if that is what the landlord and (e) not without the consent of the seller stakeholder. any reduction in price, or to delay buyer; and lawfully requires. (c) where the amount to be apportioned release any tenant or surety from completion, or to refuse to complete. (b) the covenant set out in section 4 of G6.4 Unless the seller and the buyer otherwise G9.3 The agreed completion date is not to be is not known at completion liability to pay arrears or accept a G3.3 Section 47 of the Law of Property Act the Law of Property (Miscellaneous agree, completion cannot take place until earlier than the date five business days apportionment is to be made by surrender of or forfeit any tenancy 1925 does not apply. Provisions) Act 1994 shall not extend to both have complied with their obligations after the seller has given notice to the reference to a reasonable estimate and under which arrears are due; and G3.4 Unless the buyer is already lawfully in any condition or tenant’s obligation under the contract and the balance of the buyer that licence has been obtained. further payment is to be made by seller (f) if the buyer disposes of the lot prior occupation of the lot the buyer has no relating to the state or condition of the price is unconditionally received in the G9.4 The seller must: (a) use all reasonable or buyer as appropriate within five to recovery of all arrears obtain from right to enter into occupation prior to lot where the lot is leasehold property. seller’s conveyancer’s client account. endeavours to obtain the licence at the business days of the date when the the buyer’s successor in title a covenant completion. seller’s expense; and (b) enter into any amount is known. in favour of the seller in similar form to G6.5 If completion takes place after 1400 G4.4 The transfer is to have effect as if authorised guarantee agreement properly part 3 of this condition G11. hours for a reason other than the seller’s G4. Title and identity expressly subject to all matters subject to required. G11. Arrears G11.9 Where theseller has the right to default it is to be treated, for the which the lot is sold under the contract. G4.5 G9.5 The buyer must: recover arrears it must not without the G4.1 Unless condition G4.2 applies, the buyer purposes of apportionment and Part 1 Current rent The seller does not have to produce, nor (a) promptly provide references and other buyer’s written consent bring accepts the title of the seller to the lot as calculating interest, as if it had taken G11.1 “Current rent” means, in respect of may the buyer object to or make a relevant information; and insolvency proceedings against a at the contract date and may raise no place on the next business day each of the tenancies subject to which requisition or objection except in relation requisition in relation to, any prior or . (b) comply with the landlord’s lawful tenant or seek the removal of goods G6.6 Where applicable the contract remains in the lot is sold, the instalment of rent to any matter that occurs after the superior title even if it is referred to in requirements. from the lot. force following completion. and other sums payable by the tenant contract date. the documents. G9.6 If within three months of the contract in advance on the most recent rent G4.2 If any of the documents is not made G4.6 The seller (and, if relevant, the buyer) date (or such longer period as the seller payment date on or within four months G12. Management available before the auction the following must produce to each other such G7. Notice to complete and buyer agree) the licence has not been preceding completion. G12.1 This condition G12 applies where the obtained the seller or the buyer may (if provisions apply: confirmation of, or evidence of, their G7.1 The seller or the buyer may on or after G11.2 If on completion there are any arrears lot is sold subject to tenancies. identity and that of their mortgagees and not then in breach of any obligation (a) The buyer may raise no requisition on the agreed completion date but before of current rent the buyer must pay G12.2 The seller is to manage the lot in under this condition G9) by notice to the or objection to any of the documents that attorneys (if any) as is necessary for the completion give the other notice to them, whether or not details of those accordance with its standard other terminate the contract at any time is made available before the auction. other to be able to comply with complete within ten business days arrears are given in the special management policies pending before licence is obtained. That (b) If the lot is registered land the seller is applicable Land Registry Rules when (excluding the date on which the notice conditions. completion. making application for registration of the is given) making time of the essence. termination is without prejudice to the to give to the buyer within five business G11.3 Parts 2 and 3 of this condition G11 do G12.3 The seller must consult the buyer on all transaction to which the conditions apply. claims of either seller or buyer for breach days of the contract date an official copy G7.2 The person giving the notice must be not apply to arrears of current rent. of this condition G9. management issues that would affect of the entries on the register and title ready to complete. the buyer after completion (such as, but plan and, where noted on the register, of G7.3 If the buyer fails to comply with a notice Part 2 Buyer to pay for arrears not limited to, an application for all documents subject to which the lot is G5. Transfer to complete the seller may, without G10. Interest and apportionments licence; a rent review; a variation, being sold. G5.1 Unless a form of transfer is prescribed by affecting any other remedy the seller has: G10.1 If the actual completion date is after the G11.4 Part 2 of this condition G11 applies surrender, agreement to surrender or (c) If the lot is not registered land the the special conditions: (a) terminate the contract; agreed completion date for any reason where the special conditions give proposed forfeiture of a tenancy; or a details of arrears. seller is to give to the buyer within five (a) the buyer must supply a draft transfer (b) claim the deposit and any interest on other than the seller’s default the buyer new tenancy or agreement to grant a business days an abstract or epitome of to the seller at least ten business days it if held by a stakeholder; must pay interest at the interest rate on G11.5 The buyer is on completion to pay, in new tenancy) and: addition to any other money then due, title starting from the root of title before the agreed completion date and (c) forfeit the deposit and any interest on the price (less any deposit paid) from (a) the seller must comply with the an amount equal to all arrears of which mentioned in the special conditions (or, the engrossment (signed as a deed by the it; the agreed completion date up to and buyer’s reasonable requirements unless including the actual completion date. details are set out in the special if none is mentioned, a good root of title buyer if condition G5.2 applies) five (d) resell the lot; and to do so would (but for the indemnity in more than fifteen years old) and must G10.2 Subject to condition G11 the seller is conditions. paragraph (c)) expose the seller to a business days before that date or (if later) (e) claim damages from the buyer. produce to the buyer the original or an two business days after the draft has been not obliged to apportion or account for G11.6 If those arrears are not old arrears the liability that the seller would not examined copy of every relevant approved by the seller; and any sum at completion unless the seller seller is to assign to the buyer all rights otherwise have, in which case the seller document. (b) the seller must approve or revise the G7.4 If the seller fails to comply with a notice has received that sum in cleared funds. that the seller has to recover those may act reasonably in such a way as to arrears. (d) If title is in the course of registration, draft transfer within five business days of to complete the buyer may, without The seller must pay to the buyer after avoid that liability; title is to consist of certified copies of: receiving it from the buyer. affecting any other remedy the buyer completion any sum to which the buyer (b) if the seller gives the buyer notice of has: (i) the application for registration of title is entitled that the seller subsequently Part 3 Buyer not to pay for arrears the seller’s intended act and the buyer (a) terminate the contract; and receives in cleared funds. does not object within five business made to the land registry; G5.2 If the seller remains liable in any respect G11.7 Part 3 of this condition G11 applies (b) recover the deposit and any interest G10.3 Income and outgoings are to be days giving reasons for the objection (ii) the documents accompanying in relation to the lot (or a tenancy) where the special conditions: on it from the seller or, if applicable, a apportioned at actual completion date the seller may act as the seller intends; that application; following completion the buyer is (a) so state; or stakeholder. unless: and (iii) evidence that all applicable specifically to covenant in the transfer to (b) give no details of any arrears. stamp

74 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 75 COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS (Edition 3 August 2009) (Edition 3 August 2009)

(c) the buyer is to indemnify the seller (b) it has made, or will make before special conditions to HM Revenue and G20. TUPE is not attributable to any tenancy G23.4 The seller must promptly: against all loss or liability the seller completion, a VAT option in relation to Customs for the purposes of their G20.1 If the special conditions state “There and is for that reason irrecoverable. (a) give to the buyer full details of all incurs through acting as the buyer the lot and will not revoke it before or respective capital allowance are no employees to which TUPE G22.4 In respect of each tenancy, if the rent review negotiations and requires, or by reason of delay caused within three months after completion; computations. applies”, this is a warranty by the seller service charge account shows that: proceedings, including copies of all by the buyer. (c) article 5(2B) of the Value Added to this effect. (a) payments on account (whether correspondence and other papers; and Tax (Special Provisions) Order 1995 G17. Maintenance agreements G20.2 If the special conditions do not state received or still then due from a tenant) (b) use all reasonable endeavours to does not apply to it; and G13. Rent deposits G17.1 The seller agrees to use reasonable “There are no employees to which exceed attributable service charge substitute the buyer for the seller in any rent review proceedings. G13.1 This condition G13 applies where the (d) it is not buying the lot as a nominee endeavours to transfer to the buyer, at TUPE applies” the following expenditure, the seller must pay to the seller is holding or otherwise entitled to for another person. the buyer’s cost, the benefit of the paragraphs apply: buyer an amount equal to the excess G23.5 The seller and the buyer are to keep money by way of rent deposit in G15.4 The buyer is to give to the seller as maintenance agreements specified in (a) The seller must notify the buyer of when it provides the service charge each other informed of the progress of respect of a tenancy. In this condition early as possible before the agreed the special conditions. those employees whose contracts of account; the rent review and have regard to any G13 “rent deposit deed” means the completion date evidence: G17.2 The buyer must assume, and indemnify employment will transfer to the buyer (b) attributable service charge proposals the other makes in relation to expenditure exceeds payments on deed or other document under which (a) of the buyer’s VAT registration; the seller in respect of, all liability on completion (the “Transferring it. account (whether those payments have the rent deposit is held. (b) that the buyer has made a VAT under such contracts from the actual Employees”). This notification must be G23.6 When the rent review has been agreed been received or are still then due), the G13.2 If the rent deposit is not assignable the option; and completion date. given to the buyer not less than 14 days or determined the buyer must account before completion. buyer must use all reasonable seller must on completion hold the rent (c) that the VAT option has been to the seller for any increased rent and endeavours to recover the shortfall from deposit on trust for the buyer and, notified in writing to HM Revenue and (b) The buyer confirms that it will interest recovered from the tenant that G18. Landlord and Tenant Act 1987 the tenant at the next service charge subject to the terms of the rent deposit comply with its obligations under TUPE relates to the seller’s period of Customs; G18.1 This condition G18 applies where the reconciliation date and pay the amount deed, comply at the cost of the buyer and any special conditions in respect of ownership within five business days of and if it does not produce the relevant sale is a relevant disposal for the with the buyer’s lawful instructions. the Transferring Employees. so recovered to the seller within five receipt of cleared funds. evidence at least two business days purposes of part I of the Landlord and business days of receipt in cleared G13.3 Otherwise the seller must on (c) The buyer and the seller G23.7 If a rent review is agreed or before the agreed completion date, Tenant Act 1987. funds; but in respect of payments on completion pay and assign its interest in condition G14.1 applies at completion. acknowledge that pursuant and subject determined before completion but the G18.2 The seller warrants that the seller has account that are still due from a tenant the rent deposit to the buyer under an to TUPE, the contracts of employment increased rent and any interest G15.5 The buyer confirms that after complied with sections 5B and 7 of condition G11 (arrears) applies. assignment in which the buyer between the Transferring Employees recoverable from the tenant has not completion the buyer intends to: that Act and that the requisite majority G22.5 In respect of service charge covenants with the seller to: and the seller will transfer to the buyer been received by completion the (a) retain and manage the lot for the of qualifying tenants has not accepted expenditure that is not attributable to (a) observe and perform the seller’s on completion. increased rent and any interest buyer’s own benefit as a continuing the offer. any tenancy the seller must pay the recoverable is to be treated as arrears. covenants and conditions in the rent (d) The buyer is to keep the seller business as a going concern subject to expenditure incurred in respect of the deposit deed and indemnify the seller in indemnified against all liability for the G23.8 The seller and the buyer are to bear and with the benefit of the tenancies; period before actual completion date respect of any breach; G19. Sale by practitioner Transferring Employees after their own costs in relation to rent and and the buyer must pay the expenditure G19.1 This condition G19 applies where the completion. review negotiations and proceedings. (b) give notice of assignment to the (b) collect the rents payable under the incurred in respect of the period after sale is by a practitioner either as seller tenant; and tenancies and charge VAT on them actual completion date. Any necessary or as agent of the seller. (c) give such direct covenant to the G15.6 If, aftercompletion , it is found that the G21. Environmental monetary adjustment is to be made G24. Tenancy renewals G19.2 The practitioner has been duly tenant as may be required by the rent sale of the lot is not a transfer of a G21.1 This condition G21 only applies where within five business days of the seller G24.1 This condition G24 applies where the appointed and is empowered to sell the deposit deed. going concern then: the special conditions so provide. providing the service charge account to tenant under a tenancy has the right to lot. (a) the seller’s conveyancer is to notify G21.2 The seller has made available such the buyer. remain in occupation under part II of G19.3 Neither thepractitioner nor the firm or G14. VAT the buyer’s conveyancer of that finding reports as the seller has as to the G22.6 If the seller holds any reserve or sinking the Landlord and Tenant Act 1954 (as any member of the firm to which the amended) and references to notices and G14.1 Where a sale condition requires money and provide a VAT invoice in respect of environmental condition of the lot and fund on account of future service practitioner belongs has any personal proceedings are to notices and to be paid or other consideration to be the sale of the lot; has given the buyer the opportunity to charge expenditure or a depreciation liability in connection with the sale or proceedings under that Act. given, the payer must also pay any VAT carry out investigations (whether or not fund: (b) the buyer must within five business the performance of the seller’s that is chargeable on that money or the buyer has read those reports or (a) the seller must pay it (including any G24.2 Where practicable, without exposing the days of receipt of the VAT invoice pay obligations. The transfer is to include a consideration, but only if given a valid to the seller the VAT due; and carried out any investigation) and the interest earned on it) to the buyer on seller to liability or penalty, the seller declaration excluding that personal buyer admits that the price takes into must not without the written consent of VAT invoice. (c) if VAT is payable because the buyer completion; and liability. account the environmental condition of the buyer (which the buyer must not G14.2 Where the special conditions state that has not complied with this condition (b) the buyer must covenant with the G19.4 The lot is sold: the lot. unreasonably withhold or delay) serve no VAT option has been made the seller G15, the buyer must pay and indemnify seller to hold it in accordance with the (a) in its condition at completion; or respond to any notice or begin or confirms that none has been made by it the seller against all costs, interest, G21.3 The buyer agrees to indemnify the terms of the tenancies and to indemnify continue any proceedings. or by any company in the same VAT penalties or surcharges that the seller (b) for such title as the seller may have; seller in respect of all liability for or the seller if it does not do so. group nor will be prior to completion. incurs as a result. and resulting from the environmental G24.3 If the seller receives a notice the seller condition of the lot. must send a copy to the buyer within (c) with no title guarantee; and the G23. Rent reviews buyer has no right to terminate the five business days and act as the buyer G23.1 This condition G23 applies where the G15. Transfer as a going concern G16. Capital allowances contract or any other remedy if reasonably directs in relation to it. G22. Service Charge lot is sold subject to a tenancy under G15.1 Where the special conditions so state: G16.1 This condition G16 applies where the information provided about the lot is G24.4 Following completion the buyer must: G22.1 This condition G22 applies where the which a rent review due on or before the (a) the seller and the buyer intend, and special conditions state that there are inaccurate, incomplete or missing. (a) with the co-operation of the seller lot is sold subject to tenancies that actual completion date has not been will take all practicable steps (short of capital allowances available in respect G19.5 Where relevant: include service charge provisions. agreed or determined. take immediate steps to substitute itself an appeal) to procure, that the sale is of the lot. as a party to any proceedings; (a) the documents must include certified G22.2 No apportionment is to be made at G23.2 The seller may continue negotiations or treated as a transfer of a going concern; G16.2 The seller is promptly to supply to the (b) use all reasonable endeavours to copies of those under which the completion in respect of service rent review proceedings up to the and buyer all information reasonably conclude any proceedings or practitioner is appointed, the document charges. actual completion date but may not (b) this condition G15 applies. required by the buyer in connection negotiations for the renewal of the of appointment and the practitioner’s G22.3 Within two months after completion agree the level of the revised rent or with the buyer’s claim for capital tenancy and the determination of any G15.2 The seller confirms that the seller acceptance of appointment; and the seller must provide to the buyer a commence rent review proceedings allowances. interim rent as soon as reasonably (a) is registered for VAT, either in the (b) the seller may require the transfer to detailed service charge account for the without the written consent of the G16.3 The value to be attributed to those practicable at the best rent or rents seller’s name or as a member of the be by the lender exercising its power of service charge year current on buyer, such consent not to be items on which capital allowances may reasonably obtainable; and same VAT group; and sale under the Law of Property Act completion showing: unreasonably withheld or delayed. be claimed is set out in the special (c) if any increased rent is recovered (b) has (unless the sale is a standard- 1925. (a) service charge expenditure G23.3 Following completion the buyer must conditions. from the tenant (whether as interim rent rated supply) made in relation to the lot attributable to each tenancy; complete rent review negotiations or G16.4 The seller and buyer agree: or under the renewed tenancy) account a VAT option that remains valid and will G19.6 The buyer understands this condition (b) payments on account of service proceedings as soon as reasonably (a) to make an election on completion to the seller for the part of that increase not be revoked before completion. G19 and agrees that it is fair in the charge received from each tenant; practicable but may not agree the level under Section 198 of the Capital that relates to the seller’s period of G15.3 The buyer confirms that: circumstances of a sale by a of the revised rent without the written Allowances Act 2001 to give effect to (c) any amounts due from a tenant that ownership of the lot within five business (a) it is registered for VAT, either in the practitioner. consent of the seller, such consent not this condition G16; and have not been received; days of receipt of cleared funds. buyer’s name or as a member of a VAT (d) any service charge expenditure that to be unreasonably withheld or delayed. group; (b) to submit the value specified in the

76 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 77 AMENDMENTS TO COMMON COMMON AUCTION Reproduced with AUCTION CONDITIONS CONDITIONS the consent of the RICS (Edition 3 August 2009)

electronic mail the date of exchange is the The Auction Conduct Conditions G24.5 The seller and the buyer are to bear G28. Notices and other AMENDMENTS TO date on which both parts have been signed shall be varied as follows: their own costs in relation to the COMMON AUCTION communications and posted or otherwise placed beyond renewal of the tenancy and any Condition A2.1(f) shall be deleted and replaced G28.1 All communications, including notices, CONDITIONS normal retrieval. proceedings relating to this. must be in writing. Communication to with: “(f) treat a contract as repudiated if the or by the seller or the buyer may be Where The Royal Institution of Chartered G25. Warranties given to or by their conveyancers. Sale Memorandum buyer fails to pay the buyer’s payment Surveyors Common Auction Conditions (third G25.1 Available warranties are listed in the G28.2 A communication may be relied on if: The form so headed (whether or not set out in and/or provide anti-money laundering edition) (“CAC”) are to be construed in the special conditions. (a) delivered by hand; or the catalogue) in which the terms of the information to us as required by these context of an online auction and bidding G25.2 Where a warranty is assignable the (b) made electronically and personally contract for the sale of the lot are recorded auction conduct conditions”. system the CAC shall be varied as follows: seller must: acknowledged (automatic which will either be in email form (where the Condition A5.1 shall be deleted and replaced (a) on completion assign it to the buyer acknowledgement does not count); or lot is won at the auction) or written (where the with: and give notice of assignment to the (c) there is proof that it was sent to the The following definitions in the CAC lot is not sold at the auction). “A5.1 A successful bid is one we accept as such person who gave the warranty; and address of the person to whom it is to Glossary shall be deleted and (normally when the auction time has (b) apply for (and the seller and the be given (as specified in the sale replaced as follows: buyer must use all reasonable memorandum) by a postal service that You (and your) elapsed with a winning bid). This endeavours to obtain) any consent to offers normally to deliver mail the next Someone who has a copy of the catalogue or condition A5 applies to you if you make assign that is required. If consent has following business day. Addendum who views the URL of or who is a bidder at the successful bid for a lot.” not been obtained by completion the G28.3 A communication is to be treated as An amendment or addition to the conditions the auction, whether or not a buyer. Condition A5.3 shall be deleted and replaced warranty must be assigned within five received: or to the particulars or to both whether with: business days after the consent has (a) when delivered, if delivered by contained in a supplement to the catalogue or “A5.3 Within 24 hours of the end of the been obtained. hand; or The following definitions shall be a notice from the auctioneers on the auction, the successful bidder must: G25.3 If a warranty is not assignable the (b) when personally acknowledged, if added as new definitions in the auctioneers website. seller must after completion: made electronically; but if delivered or CAC Glossary: (a) provide anti-money laundering (a) hold the warranty on trust for the made after 1700 hours on a business information to us; and buyer; and day a communication is to be treated Auction (b) provide all information we Anti-Money Laundering Information (b) at the buyer’s cost comply with such as received on the next business day. The auction for each lot advertised in the reasonably need from you to enable us to of the lawful instructions of the buyer G28.4 A communication sent by a postal Means the provision of 2 pieces of catalogue which will take place online via the complete the sale memorandum; and in relation to the warranty as do not service that offers normally to deliver identification for anti-money laundering internet, using the Uniform Resource Locator (c) pay the buyer’s payment in cleared place the seller in breach of its terms mail the next following business day purposes – these must include 1 piece of or expose the seller to any liability or (URL) of on an ongoing basis. funds from an account held with an will be treated as received on the photo identification (a passport or driver’s penalty. second business day after it has been approved financial institution, but we will licence for example) and a utility bill including posted. Auctioneers not accept the buyer’s payment and the the buyer’s/seller’s (as appropriate) home G26. No assignment The auctioneer will be John Pye & Sons Ltd buyer will not be able to pay the buyer’s address which cannot be dated older than 3 The buyer must not assign, mortgage G29. Contracts (Rights of Third T/A John Pye Property & John Pye Auctions. payment until the buyer has complied months. We reserve the right to undertake an or otherwise transfer or part with the Parties) Act 1999 with condition A5.3(a).” electronic money laundering check that will whole or any part of the buyer’s No one is intended to have any benefit Condition A5.4(a) shall be deleted and Buyer leave a soft record on file. interest under this contract. under the contract pursuant to the Contract replaced with: Means the person who has made the highest (Rights of Third Parties) Act 1999. “(a) If you do not we may, as agent for the valid bid once the auction has finished (taking G27. Registration at the Land Buyer’s Payment seller, treat that failure as your into account the application of the 3-minute Registry 10% of the price (minimum £5,000) which will repudiation of the contract and offer the rule) or, if applicable, that person’s personal G27.1 This condition G27.1 applies where the be comprised of the buyer’s premium and the lot for sale again: the seller mzay then representatives: if two or more are jointly the lot is leasehold and its sale either deposit. have a claim against you for breach of triggers first registration or is a buyer their obligations can be enforced against contract and you will be banned from all registrable disposition. The buyer must them jointly or against each of them Buyer’s Premium future auctions.” at its own expense and as soon as separately. Means 2% of the price (minimum £2,500) plus practicable: VAT payable to the auctioneers. Condition A5.5(b) shall be deleted. (a) procure that it becomes registered Condition A5.6 shall be deleted. at Land Registry as proprietor of the Catalogue Deposit Condition A6 shall be deleted and replaced lot; Unless otherwise stated this will take the form with: (b) procure that all rights granted and of online sales particulars, text, hypertext links Means the sum of the buyer’s payment less the “A6 The Extra Auction Conduct Conditions reserved by the lease under which the and associated imagery present upon the buyer’s premium. shall be incorporated into the auction lot is held are properly noted against website which shall be the catalogue to which the affected titles; and conduct conditions as if set out in full in the conditions refer including any supplement Extra Auction Conduct Conditions (c) provide the seller with an official The John Pye & Sons – Extra Auction Conduct the auction conduct conditions.” copy of the register relating to such to it. lease showing itself registered as Conditions for the participation and purchase of property by online auction, available at The General Conditions of proprietor. Contract Date www.johnpye.co.uk/propertyterms.pdf Sale shall be varied as follows: G27.2 This condition G27.2 applies where the The date that the auction has finished (taking lot comprises part of a registered title. and in the catalogue. Condition G2.1 shall be deleted. into account the application of the 3-minute The buyer must at its own expense and Condition G2.2 shall be deleted and replaced rule) or, if the lot is not sold at the auction: as soon as practicable: 3-Minute Rule with: (a) apply for registration of the transfer; (a) the date of the sale memorandum is signed Means the rule which stipulates that any person “The deposit is to be held as stakeholder (b) provide the seller with an official by both the seller and buyer; or who bids online within the last 3 minutes of a unless the auction conduct conditions provide copy and title plan for the buyer’s new (b) if contracts are exchanged, the date of specific lot closing time will instigate the that it is to be held as agent for the seller” title; and exchange. If exchange is not effected in automatic extension of the lot closing time by Condition G2.4 shall be deleted. (c) join in any representations the seller person or by an irrevocable agreement to an additional 3 minutes and so on for any such may properly make to Land Registry exchange made by telephone, fax or relating to the application. subsequent bids until a winning bid is achieved. ONLINE PROPERTY AUCTION ONLINE PROPERTY AUCTION TERMS AND CONDITIONS TERMS AND CONDITIONS

JOHN PYE & SONS – EXTRA 1.6 All lots entered for online auction are JOHN PYE & SONS is not a party to the 5. Completion of purchase 7. Data protection 8. General AUCTION CONDUCT CONDITIONS subject to these Terms and (for the contract of sale and is not liable for any 5.1 Immediately following the contract date, 7.1 JOHN PYE & SONS will only use the 8.1 If any court or competent authority FOR THE PARTICIPATION AND avoidance of doubt) the CAC’s. breach thereof by either the buyer or the and subject to the satisfaction of the personal information provided to them to decides that any of the provisions of PURCHASE OF PROPERTY BY 1.7 All buyers and sellers acknowledge and seller. provisions of condition 4.7 above, JOHN provide the auction services, or to inform these Terms are invalid, unlawful or ONLINE AUCTION agree that these Terms (and, for the 4.2 If a potential buyer is unsuccessful in PYE & SONS will send the buyer’s buyers and sellers about similar services unenforceable to any extent, the term avoidance of doubt, the CAC’s) are buying the lot they may recover their payment invoice to the buyer, and, which they provide, unless told by such will, to that extent only, be severed from 1. Interpretation binding upon them, and by the buyers Conditionally Refundable Registration subject to receipt of payment in cleared parties that they do not want to receive the remaining terms, which will continue 1.1 The definitions in this clause and those completing Registration, and JOHN PYE Fee from JOHN PYE & SONS or, they funds, JOHN PYE & SONS will then the this information by ticking the ‘opt out’ to be valid to the fullest extent permitted definitions set out in the Common & SONS accepting the sellers’ property may request in writing that JOHN PYE & sale memorandum to the buyer, seller, box on the email you receive, or by by law. Auction Conditions apply in these Extra for auction, these Terms are deemed SONS keep the Conditionally Refundable the buyer’s solicitors (provided JOHN ticking the relevant box on the relevant 8.2 If or to the extent that any of these Auction Conduct Conditions (‘Terms’): accepted and incorporated into all Registration Fee against future auctions PYE & SONS are provided with such web page. Terms (as amended from time to time in “Anti-Money Laundering Information” dealings as between the relevant parties. which the potential buyer may details) and seller’s solicitors. All 7.2 The buyers and sellers acknowledge and writing by JOHN PYE & SONS) are means the provision of 2 pieces of participate in, and make them a required payments will be settled in full agree that JOHN PYE & SONS may pass Terms to which any of the provisions of identification for anti-money laundering 2. Entry into Auction registered ‘regular customer’ of JOHN and before the sale memorandum is sent their details to credit reference agencies, the Unfair Contract Terms Act 1977 or PYE & SONS provided they adhere to bi- purposes – these must include 1 piece 2.1 JOHN PYE & SONS sell as agents for the to the buyer, seller and the buyer’s solicitors and other third parties where the Supply of Goods and Services Act annual requests for identification. of photo identification (a passport or seller and as such are not responsible for solicitors and seller’s solicitors and will legally required. 1982 or any subsequent modification or 4.3 Following the contract date, a buyer may be in sterling (GBP) by way of online 7.3 Within this clause, “Data Protection Act” re-enactment thereof apply then such driver’s licence for example) and a utility any default by seller. bill including the buyer’s/seller’s (as choose to recover their Conditionally payment only through Sage Pay or as means the Data Protection Act 1998 and Terms shall be enforceable only to the 2.2 JOHN PYE & SONS reserve the right to appropriate) home address which cannot Refundable Registration Fee from JOHN otherwise specified in the catalogue “Data Controller”, “Data Processor” and extent permitted by those Acts or their refuse to accept any Registration if any be dated older than 3 months; PYE & SONS or, they may request in within 24 hours following issue of the “Personal Data” have the same meanings subsequent modification or re-enactment of the elements of Registration are not “Appointment” means the appointment writing that JOHN PYE & SONS keep buyer’s payment invoice. All queries in as in that Act. and these Terms shall be construed acceptably completed. JOHN PYE & the Conditionally Refundable of JOHN PYE & SONS by the seller relation to methods of payment must be 7.4 Where JOHN PYE & SONS is Data accordingly. SONS reserve the right to refuse to Registration Fee against future auctions pursuant to the Appointment Letter. made to JOHN PYE & SONS accounts Controller and it permits access to the 8.3 If JOHN PYE & SONS fails, at any time accept any Anti-Money Laundering which the potential buyer may “Appointment Letter” means the letter department and unless otherwise agreed Personal Data to the buyer (and/or while these Terms are in force, to insist Information in the event it is not satisfied participate in, and make them a prepared by JOHN PYE & SONS, setting by JOHN PYE & SONS, the timing seller) then the buyer (and/or seller) shall that the Seller and/or Buyer perform as to its authenticity or acceptability. In registered ‘regular customer’ of JOHN out the Services, the remuneration required under these Terms for payment be the Data Processor in respect of such their obligations under these Terms, or if the event that the Anti-Money PYE & SONS provided they adhere to bi- arrangements and other terms and is of the essence, and will under no Personal Data and shall comply with any JOHN PYE & SONS does not exercise Laundering Information is not annual requests for identification. A conditions that form part of the circumstances be adjusted further for a instructions issued by JOHN PYE & any of its rights or remedies under these acceptable or provided, JOHN PYE & Buyer may not use their Conditionally Appointment. failure on the part of the buyer to make SONS. Terms, that will not mean that JOHN SONS will not (as applicable) send or Refundable Registration Fee against their the necessary enquiries and preparations PYE & SONS has waived such rights or “CAC’s” means The Royal Institution of 7.5 If any party is a Data Processor of sign the sale memorandum and the deposit or buyer’s premium. in order to pay the buyer’s premium remedies and will not mean that the Chartered Surveyors Common Auction ‘buyer’s payment will not be accepted Personal Data, that party shall: 4.4 Persons participate in the online auctions and/or price. seller and/or buyer does not have to Conditions (third edition). and in addition to the provisions of the 7.5.1 only process Personal Data in at their own risk and, subject to 5.2 In respect of telegraphic transfers, the comply with those obligations. If JOHN “Conditionally Refundable Registration CAC (as amended), the Buyer will lose accordance with the requirements of the condition 6.2 below, neither the seller remitting bank must include the invoice PYE & SONS do waive a default by the Fee” means the fee paid by the potential the Conditionally Refundable Data Protection Act; nor JOHN PYE & SONS will be number, and any other reference as seller and/or buyer that will not mean buyer upon Registration of either £2000 Registration Fee. 7.5.2 process Personal Data to the extent, and individually or collectively responsible shown in the catalogue, or as otherwise that JOHN PYE & SONS will in such manner, as is necessary for the or £500 as notified by JOHN PYE & 2.3 Unless otherwise agreed by JOHN PYE for any loss or damage whatsoever notified by JOHN PYE & SONS. automatically waive any subsequent provision of the auction services (In the SONS upon Registration. & SONS in writing, JOHN PYE & SONS occasioned to any person or property default by the seller and/or buyer. No case of JOHN PYE & SONS) and/or its “JOHN PYE & SONS” means John Pye will not accept a lot without the due to anything which may be present on waiver by JOHN PYE & SONS of any of 6. Buyer’s Default obligations under these Terms or as is and Sons Limited trading as John Pye information and documentation set out the auction site. these Terms shall be effective unless in its Appointment Letter. 6.1 If the buyer does not honour its required by law or any regulatory body; Property and John Pye Auctions. 4.5 JOHN PYE & SONS shall have the right, JOHN PYE & SONS expressly says that “Registration” means: obligations for payment of the buyer’s 7.5.3 implement appropriate technical and it is a waiver and JOHN PYE & SONS tell at its discretion, to refuse participation in payment then JOHN PYE & SONS as (i) the payment by the potential buyer organisational measures to protect the buyer and seller so in writing. 3. Basis of Sale the online auctions by any person. agents of the seller shall at its absolute of the Conditionally Refundable Personal Data against unauthorised or 8.4 A person who is not party to these Terms 3.1 All lots are sold ‘as they lie’ with all faults 4.6 The catalogue will be made available to discretion and without prejudice to any Registration Fee electronically in cleared unlawful processing and against shall not have any rights under or in and imperfections and errors of potential buyers on JOHN PYE & SONS other rights it may have, be entitled to funds, or as otherwise notified by JOHN accidental loss, destruction, damage, connection with them under the description. Illustrations in catalogues or website www.johnpye.co.uk/property exercise the remedies set out in the CAC PYE & SONS in the registration process; alteration or disclosure. These measures Contracts (Rights of Third Parties) Act brochures are for identification only. before the commencement of the (as amended)as well as retain the shall be appropriate to the harm which (ii) the completion of the relevant 1999. Buyers should satisfy themselves prior to auction. Conditionally Refundable Registration might result from unauthorised or registration form by the potential buyer. 8.5 These Terms shall be governed by sale as to the condition of each lot and 4.7 Anti-Money Laundering Information Fee. unlawful processing or accidental loss, “3-Minute Rule” means the rule which English law and JOHN PYE & SONS, the should exercise and rely on their own must be presented by a successful buyer 6.2 For the avoidance of doubt, nothing in destruction or damage to Personal Data stipulates that any person who bids seller and the buyer all agree to the judgment as to whether the lot accords to JOHN PYE & SONS before the these Terms limits JOHN PYE & SONS’ and to the nature of the Personal Data online within the last 3 minutes of a exclusive jurisdiction of the English with its description. Neither JOHN PYE auction has commenced or within, but liability, nor, where applicable, the which is to be protected; and specific lot closing time will instigate the courts. & SONS, their servants or agents will be no later than, 24 hours of a successful liability of the buyer or seller for: automatic extension of the lot closing 7.5.4 not perform its obligations hereunder or responsible for errors of description or bid (further to the process notified to as otherwise set out in these conditions time by an additional 3 minutes and so (a) death or personal injury caused by for the genuineness or authenticity of Buyers by JOHN PYE & SONS in the negligence; or in such a way as to breach any of its 9. Online terms of participation on for any such subsequent bids until a any lot. catalogue and the Buyers guide). The (b) fraud or fraudulent misrepresentation; or applicable obligations under the Data and sale winning bid is achieved. Anti-Money Laundering Information can 3.2 JOHN PYE & SONS has the right to Protection Act. 9.1 The provisions of all Terms above apply 1.2 Headings do not affect the interpretation be presented to John Pye & Sons’ staff at (c) any breach of the obligations implied by revise and amend these Terms from time 7.6 If the buyer or seller provides Personal to the sale of lots made through of these Terms. one of their four primary hubs section 12 of the Sale of Goods Act 1979 to time to reflect changes in market Data of any third party to JOHN PYE & www.johnpye.co.uk (the “Website”), and (Nottingham, Derby, Marchington or or section 2 of the Supply of Goods and 1.3 The headings of these Terms do not conditions affecting its business, changes SONS, it shall ensure that it has to the extent that such adjustments in Park Royal, London). Alternatively, Services Act 1982; or form part of the Terms. in technology, changes in payment permission to provide the Personal Data practical application of the Terms are buyers may request their solicitors to (d) losses for which it is prohibited by 1.4 Reference to writing or written in these methods, changes in relevant laws and for JOHN PYE & SONS’s use in warranted by virtue of the electronic provide Anti-Money Laundering section 7 of the Consumer Protection Terms includes faxes and e-mail unless regulatory requirements and changes in connection with the auction. medium of participation in any given Information to John Pye & Sons. John Act 1987 to limit liability; or otherwise notified by JOHN PYE & various systems’ capabilities. auction, so such adjustments shall be Pye & Sons reserve the right to refuse (e) any other matter for which it would be SONS. deemed made so to give full application acceptance of any Anti-Money illegal or unlawful to exclude or attempt 1.5 If any of these Terms are inconsistent to all relevant and applicable Terms. 4. Conduct of the Auction Laundering Information. to exclude liability. with any other term of the CAC’s (as 9.2 All participants in the Website auctions 4.1 For the avoidance of doubt, the parties to 4.8 The 3-Minute Rule shall operate as amended), these Terms shall prevail. warrant that they are of legal age and the contract of sale of the lot set on the necessary during the online auction. contract date are the buyer and the seller. legally capable of entering into binding contracts.

80 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 81 Head Office UK Auction Hubs Nottingham. Primary Asset Facilities.

JOHN PYE & SONS LIMITED EAST MIDLANDS James Shipstones House Radford Trading as: Road, Nottingham NG7 7EA

- John Pye Auctioneers & Valuers LONDON - John Pye Corporate Asset 5 Old Bond Street, Mayfair, Management London, W1S - John Pye Property - John Pye Auctions WEST MIDLANDS 39-40 Marchington Industrial Estate James Shipstones House Uttoxeter, Staffordshire ST14 8LP Radford Road Nottingham NG7 7EA GREATER LONDON Alliance Court, Alliance Road, Tel 0115 970 60 60 Park Royal, London W3 0RB

johnpye.co.uk

Please note ‘John Pye Auctions’ and ‘John Pye Property’ are both trading names of John Pye & Sons Ltd. Information is also available on www.johnpye.com © Copyright John Pye & Sons 2010 John Pye & Sons Ltd, Registered Office James Shipstone House, Radford Road, New Basford, NOTTINGHAM. NG7 7FQ Registered Company Number 02564753