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Residential & Commercial Property Auction /2017

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Residential & Commercial Property Auction /2017 Auction Dates for 2016/2017 Residential & Commercial Property Auction 15th December 16th February 2017 27th April 2017 8th June 2017 27th July 2017 21st September 2017 The Centenary Suite, Nottingham Racecourse, Colwick Park, Colwick Road, Nottingham NG2 4BE savills.co.uk/auctions Thursday 20th October 2016 at 2.30 pm Contents Auction Venue 2 Information 3 Viewings List, Order of Sale and Guide Prices 4 Auction Notices 5 Common Auction Conditions of Sale 23 Savills Extra Conditions of Sale 29 Sale Memorandum 30 Remote Bidding Form 32 By Order of: Nottinghamshire County Council Nottingham City Council Anglian Water ASRA Joint Agents: Cushman & Wakefield, Birmingham NG Chartered Surveyors FHP Property Consultants Auction Team Robert Crocker Katie Riley Brian Daniel Claire Brice Chris Charlton Victor Ktori Jo Pearson The Office Enfield Chambers 18 Low Pavement, Nottingham NG1 7DG T 0115 934 8080 F 0115 934 8001 www.savills.co.uk/auctions Follow us on Twitter @SavillsAuctions 1 Auction Venue 30 Lots A residential and commercial auction, including freehold and leasehold property and land for occupation, investment and development Thursday 20th October 2016 at 2:30 pm The Centenary Suite – Nottingham Racecourse Colwick Park, Colwick Road Nottingham NG2 4BE T 0870 850 7634 F 0115 958 4515 D A O R N O L T R A H C U 8 6 N 6 T B I N G D O N S T R E E T COLWICK WOOD N O T T I N G H A M M A I N L I N E R A I L W A Y S T A T I O N M O A D K R A C W I A D N L R O C O E V I D E S E A L R D S E T T R E S A L S C A N T N O T T I N G H A M R A C E C O U R S E R E E T E T N S T R E D S T A T I O A L O R O E N I D D E S O L D A Q U E E N S R O A D N B 6 8 6 COLWICK R O PARK A D E N A L L A D W Y O B D A T A Y R N E IVER TRE B M R I 1 D 1 G 0 E 6 A 2 Information Step one: Before the auction 1 Guide Prices Please note that guide prices either quoted within this catalogue or available separately should not be relied upon to reflect the value of the individual properties. They are indicative only and are subject to variation during the period of marketing the property. Eventual sales prices can be above as well as below guide prices quoted, with the final sales price dependent upon demand and completion during the Auction marketing period. Viewings If you are interested in a particular property, please check the viewing schedule on page 4. Please note, some investment properties that are let may not be available for internal viewing and in some instances pre-arranged block viewings will apply. Deposit and finance Arrange your deposit prior to the sale day. A 10% (minimum of £1,000 plus Buyer’s Fee) is due on the fall of the hammer. Payment is accepted by personal cheque, banker’s draft, solicitor’s client account cheque or debit card (purchasers must have a PIN number for the card they intend to use). Deposit payments by cash or credit cards are not accepted. Any questions? If you have any questions or wish to talk about any aspect of buying at the sale please ring us on 0115 934 8080. Step two: On the sale day 2 Check availability You are strongly advised to check the property has not been sold prior to the Auction, as some sellers may accept an offer in advance. Be prepared Arrive in plenty of time to check if there are any late amendments. Read through the legal package if you have not already received that information. An addendum/alteration list may be available showing any last minute changes. Your purchase will be subject to this. Check lot numbers Make sure you know what lot number relates to your property. The sale will proceed quite quickly, so familiarise yourself with the order of sale (page 4) to avoid disappointment. How to bid Each property will be offered individually by the Auctioneer who will invite you to bid for the property. Make sure you attract his attention if you intend to bid. A raised arm or catalogue is the most effective way to make sure you are noticed – a raised finger or a nod of the head may not be seen. Each property will be ‘knocked’ by the Auctioneer quite clearly. The purchase If your bid is successful, you should fill in the Purchaser’s Form and hand it to a Savills representative. You should then report to the Contracts Area to complete the contracts and supply the deposit monies, Buyer’s Fee together with your form of identification. What next? You are then free to leave the sale secure in the knowledge that you have purchased the property of your choice (with the completion date set generally 28 days from the day of sale), or of course, return to the sale room if you are interested in any of the other lots. To order your copy of our next catalogue, please call Savills on 0115 934 8080 or online at www.savills.co.uk/auctions Our next sale will be held on 1st September 2016. Legal advice Buying at Auction is a contractual commitment and we recommend you take legal advice. In addition to studying the Notices to Prospective Buyers and the General Conditions of Sale, separate legal documents for each property will be available for inspection at the Auction Sale. Alternatively a package of legal documentation can be sent to you at a cost of £25 per lot. Please make cheques payable to Savills (UK) Limited and specify which properties you require, with your correspondence details. You should check with Savills or the relevant solicitors for each lot prior to the auction, to see whether any alterations have been made. An addendum may be available on the sale day. A representative of the solicitors may also be in attendance to help with enquiries. Remember: Cheque book, banker’s draft or cash for the deposit and Identification documentation Step three: Can’t get to the auction? 3 Proxy bidding By prior agreement, the Auctioneer will bid on your behalf up to an agreed limit. You will be contacted after the sale regarding the outcome. Telephone bidding It is possible for us to receive bids over the telephone in the auction room by prior arrangement, please contact the Auction Office on 0115 934 8080. Online bidding It is possible for us to receive bids online in the auction room by prior arrangement, please contact the Auction Office on 0115 934 8080. If you wish to utilise these services, please complete the form and read the relevant terms and conditions included on page 32. It is your responsibility to ensure the forms are received by Savills at least two full working days before the Auction. 3 Order of Sale, Viewings List & Guide Prices There is no need to pre-register with the Auction Office before you attend a viewing. Where specified, prospective buyers are asked to attend the viewings listed at the start times detailed. Each viewing lasts between 20-30 minutes. Please be prompt as it may not be possible to accommodate any late arrivals. Please view the individual entry for viewing details. Viewers are advised to check the availability of properties prior to your journey. Savills will not be responsible for any abortive costs should a property be sold or withdrawn prior to the viewing date. All viewings are conducted at the risk of prospective buyers. Savills and their clients take no responsibility for any accidents, losses or injury incurred while viewing the properties. Please contact Savills on 0115 934 8080 for details of viewings not listed or with any queries. LOT Address of Property Guide Price Viewing Schedule (To Commence Friday 30th September) 1 23 Jackson Terrace, Meden Vale, Mansfield, Nottingham NG20 9PP £45,000 to £50,000 Friday/Saturday 12 noon 2 Plot I, Coney Green Business Park, Clay Cross, Derbyshire £310,000+ To site. Contact Jo Pearson on 0115 934 8024. 3 92 Exeter Road, Forest Fields, Nottingham NG7 6LS £80,000 to £90,000 Friday/Saturday 11.30 am 4 Land at the Corner of Sherwood Street/Debdale Lane, Mansfield Woodhouse, Nottingham NG19 9NE £50,000 to £60,000 To site Viewing strictly by prior appointment. 5 36 Sadler Gate, Derby DE1 3NR £225,000 to £250,000 Please contact Jo Pearson on 0115 934 8024. 6 Flat 102 High Point, Noel Street, Forest Fields, Nottingham NG7 6BP £30,000 to £35,000 Friday/Saturday 12.15 pm 7 Retford Road, Worksop S80 2PU £300,000 to £350,000 Please contact Jo Pearson on 0115 934 8024. 8 11 Hillcrest Road, Stockport SK2 5QJ £225,000 to £250,000 Sundays 9th and 16th October 12.30 pm 9 Former Anglian Water Site, Main Road, Drayton Parslow, Buckinghamshire £5,000+ To site 10 Development Site, 602 Wells Road, St Anns, Nottingham NG3 5GJ £150,000 To site Viewing strictly by prior appointment. 11 Abbey Street, Ilkeston, Derbyshire DE7 8DN £215,000+ Please contact Jo Pearson on 0115 934 8024.
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