Tuesday 11th June 2019 6.30pm Thonock Park The Belt Road Thonock Gainsborough DN21 1PZ AUCTION VENUE

Tuesday 11th June 2019 6.30pm Thonock Park The Belt Road Thonock Gainsborough DN21 1PZ

LEGAL PACKS

We remind all prospective buyers that prior to auction day, the legal documents can be viewed at our offices, or online for free, thus making the process of purchasing at auction much easier and open to everyone.

We also offer a service for non attending bids by way of telephone or proxy if you cannot make the auction day. Non Attending Bid Forms are included to the rear of this Catalogue.

auctionhouse.co.uk/lincolnshire AUCTION MANAGER’S MESSAGE

GUY LEEDER DANIELLE KINCH MARTIN G. THOMSON A. IAN WILLOWS

AUCTION MANAGER AUCTION COORDINATOR AUCTIONEER AUCTIONEER

Welcome to our June auction

Unbelievably, we are half way through the year, entering our 3rd auction of 2019! And despite political and economic uncertainties, we continue to not only outperform our competition locally, but nationally as well. We have seen an average success rate of 93% in our sales this year, along with sustained and consistent growth in the numbers of properties we are selling.

I have welcomed many new business introducers along with a wide range clients who were new to the traditional auction process but are already sold on the benefits it offers over and above the ‘conditional or modern method’, and want to say thank you, for the continued support and platform for growth it has afforded us all here at Auction House Lincolnshire.

This auction I am pleased to offer a wide range of lots across the length and breadth of all 4 counties we cover, including: a range of investment properties in Gainsborough ideal for the buy to let market, coastal bungalows in both Sutton on Sea and Mablethorpe, further residential and commercial investment properties in Grimsby, ideal investment opportunities in Newark and Doncaster and much more.

We are in full swing for our August auction, and are actively taking entries, so if you are looking to sell, or are wanting some advice on either selling or buying, please speak with myself or a member of the team.

We are now taking lots for our August Auction, a wide range of property types sell well at auction

There are many different types of property that sell well at Auction, and if you have one that falls into any of these categories you certainly should consider the Auction route.

Properties for Improvement • Tenanted Properties • Residential Investments • Building Land / Development Propositions Mixed Use Properties • Commercial Investments • Unique Properties • Paddock, Arable and Amenity Land

If it is property or land that is surplus to requirements, the likelihood is that we could find a buyer at Auction. If it has a value, and is worth marketing, it is worth considering a disposal by Auction.

Contact the Auction Team to discuss any aspect of buying / selling property or land at auction

We are now taking entries for our next auction. Please call 01427 616436 AUCTION INFORMATION

Administration Charge Purchasers will be required to pay by cheque, an Pre Auction Sales Offers made on property included in this auction may be administration charge of £750.00 (£625.00 + VAT) or the fixed figure as accepted by the Vendor prior to the auction. In such instances all buyer stated in the property details, in addition to the deposit. A VAT receipt will charges will be payable including the Administration Charge, any Buyers be issued after the auction. Premium plus all other payments detailed in the Special Conditions of Sale. If you are intending to bid at the auction for a specific lot, we recommend Attending the Auction It is always wise to allow sufficient time to that you keep in contact with the Auctioneer's office. get to the auction. Legal packs for most of the properties will be The Auctioneers or Vendors cannot be held responsible for costs incurred in available for inspection. It is important you read these and the final respect of any lot which is withdrawn or sold prior to auction. addendum/amendment sheet which will also be available as any purchase will be subject to these. Post Auction Sales If a property you are interested in is not sold during the auction please speak to the Auctioneer and make an offer at, above or below Bidding Each property will be offered individually by the Auctioneer. Ensure the Guide. Your offer will be put forward to the Vendor and if accepted, you that your bids are clear and noticed by the Auctioneer. If you are successful will be able to proceed with your purchase under auction rules. Offers should in bidding for the property you will be approached by a member of Auction take into account the Administration Charge, any Buyers Premium plus all House staff who will request your personal information and identification. other payments detailed in the Special Conditions of Sale as all of these are You will then be guided to our administration area and then the cashier desk still payable irrespective of the circumstances. for payment of the deposit. Proof of Identification In order to comply with Anti-Money Laundering Bidding by Proxy or Telephone If you are unable to attend the auction you regulations we ask that all prospective purchasers provide Proof of Identity are invited to contact us to discuss special arrangements for bidding by proxy and Residence. Please bring your passport or photographic UK driving licence or telephone. A Non-Attending Bid or Telephone Bid form and conditions and a recent utility bill, bank statement or council tax bill to the auction. If are included in auction catalogues or can be downloaded from the Bidding purchasing on behalf of a company you will also need a letter of authority Form links on our website. on company letterhead. We will carry out Electronic AML checks on successful

Buyers Premium Purchasers of some lots will be required to pay a Buyers buyers and remote bidders. It will include a search with Experian who may Premium to the auctioneer in addition to the deposit - see individual check the details you supply against any particulars on any database (public property details. or otherwise) to which they have access. They may also use your details in the future to assist other companies for verification purposes. A record of Deposit When you sign the Memorandum of Sale you will be asked to pay the search will be retained. a deposit of 10% of the purchase price subject to a minimum deposit of Reserve Price Each property will be offered subject to a reserve price which £3,000. Deposits can only be paid by electronic bank transfer, bankers draft, we expect will be set within the guide price range or no more than 10% above personal cheque, debit card or building society cheque. Cash or credit card a single figure guide. This is a confidential figure set between the Vendor and payments will not be accepted. Please note, should the cheque have to be the Auctioneer just prior to the auction. It is a figure below which the represented, a processing charge of £60.00 (£50.00 + VAT) will be charged Auctioneer cannot sell the property during the auction. After the auction by deduction from the deposit. offers will be sought and considered on Unsold Lots at prices below the Disbursements Some disbursements may become payable by the purchaser reserves. on completion, these will be detailed in the Special Conditions of Sale within Solicitors Details The name, address and telephone number of the solicitor the property’s Legal Pack. who will be acting for you in any purchase will be required before you leave Disclaimer Particulars on the website and within our catalogue are believed the auction room. to be correct but their accuracy is not guaranteed. Information relating to The Catalogue Details of the property and land to be sold are set out in our Rating matters has been obtained by verbal enquiry only. Prospective catalogue and on our website auctionhouse.co.uk All lots are sold subject to purchasers are advised to make their own enquiries of the appropriate Special Conditions of Sale. It is important that prospective purchasers satisfy Authority. All measurements, areas and distances are approximate only. themselves as to the location, boundaries, condition and state of the lots Potential purchasers are advised to check them. before the auction.

Energy Performance Certificates (EPCs) Where required we include EPC The Contract The Memorandum of Sale will be signed in duplicate. One ratings within Full Details and on the lot page within our catalogue. When copy will be given to you, which you must give to your solicitor. The second available EPC Graphs can be viewed online at auctionhouse.co.uk. copy will be retained by the Vendors’ solicitor. Completion usually takes place after 28 days but this date can vary. The legal pack of each property will state General Data Protection Regulations (GDPR) This defines new customer the completion date due. The date may also be announced immediately prior rights and company obligations introduced on 25th May 2018. For full to the commencement of bidding of each lot. details please refer to the Privacy Policy showing on our website www.auctionhouse.co.uk/lincolnshire. The Legal Aspect Buying at auction is a contractual commitment. Before making an offer prior to auction or bidding at the auction or post auction, it *Guide Prices Guide prices quoted online and in the catalogue are provided is advisable to consult a solicitor regarding the General and Special Conditions as an indication of each seller’s minimum expectation. They are not of Sale, the local authority search and other legal documentation. necessarily figures which a property will sell for and may change at any time prior to the auction. The sale price will be dependent on bidding in the Viewing Due to the nature and condition of auction properties we highlight auction room and on the Vendors' instructions. the potential risk that viewing such properties carries and advise all to proceed with caution and take necessary requirements to ensure their own Insurance On some properties the seller will continue to insure through to safety whilst viewing any lot in this catalogue. Viewings are conducted completion. Others will need to be insured by the purchaser, and auctioneers entirely at your own risk, these properties are not owned or controlled by advice to all purchasers is that they should consider insuring from the date Auction House and we cannot be held liable for loss or injury caused while of exchange. viewing or accessing any Lot. Plans, Maps and Photographs The plans, floorplans, maps, photograph’s Due to the nature of some auction properties, electricity may not be turned and video tours published on our website and in the catalogue are to aid on therefore viewing times are restricted. Viewers will also have to bring their identification of the property only. The plans are not to scale. own lighting/ladders if wanting to inspect cupboards, cellars and roof spaces.

***Please refer to the common auction conditions included on our website or at the back of our catalogue*** ORDER OF SALE

Tuesday 11th June 2019 6.30pm Thonock Park, The Belt Road, Thonock, Gainsborough DN21 1PZ

LOT ADDRESS *GUIDE PRICE LOT TYPE

1 15 Gordon Street, Gainsborough, Lincolnshire £30,000 - £35,000 Residential Investment

2 19 Malpas Avenue, Gainsborough, Lincolnshire WITHDRAWN Residential Investment

3 15 Frampton Terrace, Gainsborough, Lincolnshire WITHDRAWN Residential Investment

4 35 Green Lane, Askern, Doncaster, South Yorkshire £35,000 - £40,000 Residential for Improvement

5 6 Chesswick Avenue, Keadby, Scunthorpe, Lincolnshire £110,000 - £130,000 Residential for Improvement

6 31 Donnington Street, Grimsby, Lincolnshire £26,000 Residential Investment

7 145 Patrick Street, Grimsby, Lincolnshire £33,000 - £39,000 Residential Investment

8 13-21 Church Street, Grimsby, Lincolnshire £50,000 - £75,000 Commercial

9 41 South Road, Sutton-On-Sea, Mablethorpe, Lincolnshire £135,000 - £155,000 Residential

10 37 Spansyke Street, Doncaster, South Yorkshire £30,000 Residential for Improvement

11 11 Main Street, Upton, Gainsborough, Lincolnshire £80,000 - £100,000 Residential for Improvement

12 57 Hawthorn Avenue, Gainsborough, Lincolnshire £90,000 - £110,000 Residential for Improvement

13 17 The Old School, Lovett Street, Cleethorpes, Lincolnshire £75,000 - £85,000 Residential Investment

14 30 Willow Road, New Balderton, Newark, Nottinghamshire £90,000 Residential for Improvement

15 Holly House, 14 Mill Lane, Morton, Gainsborough, Lincolnshire £275,000 - £325,000 Residential for Improvement

16 39 Morton Terrace, Gainsborough, Lincolnshire £70,000 - £90,000 Residential for Improvement

Elm Tree Cottage & Sycamore Cottage, Kettlebridge Lane, East Halton, 17 £190,000 - £210,000 Residential for Improvement Immingham, Lincolnshire

18 58 Church Lane, Mablethorpe, Lincolnshire £75,000 - £95,000 Residential for Improvement

7.26 Acres or Therabouts Grass Field Off, Canal Lane, West Stockwith, 19 £7,000 - £8,000 per acre Agricultural/Amenity Land Doncaster, South Yorkshire

Next Auction Date 14th August 2019 NOW TAKING ENTRIES FOR THIS AUCTION If you are thinking of selling at auction, one of our Auction valuers will be happy to offer you a free market appraisal and advice.

For further information please call Auction House on 01427 616436

or email [email protected]

*Description on Auction Information page Residential Investments 1 15 Gordon Street, Gainsborough, Lincolnshire DN21 1DW

*GUIDE PRICE: £30,000 - £35,000 (plus fees)

Situation: The property is situate on Gordon Street, amongst other properties of a similar style, in a popular and central area of this Lincolnshire market town. Gainsborough itself offers a wealth of facilities and amenities including the Marshalls Yard Retail & Leisure complex.

Description: A traditionally constructed mid terrace house offered for sale in reasonable order throughout, with the benefit of full uPVC double glazing throughout, and gas fired central heating. The property would provide the ideal buy to let investment opportunity.

Accommodation: Sitting Room: 3.71m x 3.63m (12’2 x 11’11) Dining Room: 3.66m x 3.56m (12’0 x 11’8) Kitchen: 2.18m x 1.96m (7’2 x 6’5) Rear Entrance Lobby Bathroom Bedroom: 3.71m x 3.63m (12’2 x 11’11) Bedroom: 3.76m x 3.63m (12’4 x 11’11) maximum measurements Loft Room: 3.33m x 3.73m (10’11 x 12’3) Outside: Enclosed rear garden

Tenure: Freehold Additional Fees Local Authority: West Lindsey District Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: Andrew Jay & Co, 26 Lord Street, Gainsborough, DN21 2DB. Tel: 01427 612412. Ref: Mr G Bembridge. Disbursements: Please see the legal pack for any disbursements listed that may Energy Performance Certificate (EPC): Current Rating D become payable by the purchaser on completion. Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 6 29/05/2019 09:52 Residential Investments 2 19 Malpas Avenue, Gainsborough, Lincolnshire DN21 2HH

*GUIDE PRICE: £45,000 - £50,000 (plus fees)

WITHDRAWN

Situation: The property is situate on Malpas Avenue, a popular and central area of this Lincolnshire market town. Gainsborough itself offers a wealth of facilities and amenities along with good access to surrounding towns and the City of Lincoln.

Description: A traditionally constructed 2 bedroom mid terrace house, currently let on an AST, for £4979per annum and the property provides an ideal investment opportunity.

Although no internal inspection was possible at the time of preparing these details, we beleive the accommodation breifly comprises:

Lounge Kitchen/Dining Room 2 Bedrooms Bathroom Enclosed rear garden.

Tenure: Freehold Additional Fees Local Authority: West Lindsey District Council Buyer's Premium: £600 inc VAT payable on exchange of contracts. Solicitors: Andrew Jay & Co, 26 Lord Street, Gainsborough, DN21 2DB. Tel: 01427 612412. Ref: Mr Bembridge. Administration Charge: £750 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating D Disbursements: Please see the legal pack for any disbursements listed that may Possession: Subject to exisiting tenancy agreement. become payable by the purchaser on completion. Viewing: Strictly by appointment with Auction House.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 7 29/05/2019 09:52 Residential Investments 3 15 Frampton Terrace, Gainsborough, Lincolnshire DN21 1BN

*GUIDE PRICE: £35,000 - £40,000 (plus fees)

WITHDRAWN

Situation: The property is situate on Frampton Terrace, a popular and central area of this Lincolnshire market town. Gainsborough itself offers a wealth of facilities and amenities along with good access to surrounding towns and the City of Lincoln.

Description: A traditionally constructed 3 bedroom mid terrace house, currently let on an AST, for £4355 per annum. The property is an ideal investment opportunity.

Although no internal inspection was available at the time of preparing these details, we believe the acommodation comprises:

Lounge Kitchen/Dining Room Bathroom 3 Bedrooms Enclosed Rear Yard

Tenure: Freehold Additional Fees Local Authority: West Lindsey District Council Buyer's Premium: £600 inc VAT payable on exchange of contracts. Solicitors: Andrew Jay & Co, 26 Lord Street, Gainsborough, DN21 2DB. Tel: 01427 612412. Ref: Mr Bembridge. Administration Charge: £750 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating D Disbursements: Please see the legal pack for any disbursements listed that may Possession: Subject to exisiting tenancy agreement. become payable by the purchaser on completion. Viewing: Strictly by appointment with Auction House.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 8 29/05/2019 09:52 Residential for improvement 4 35 Green Lane, Askern, Doncaster, South Yorkshire DN6 0PT

*GUIDE PRICE: £35,000 - £40,000 (plus fees)

Situation: This two bedroom mid terrace home requires a scheme of modernisation and improvement. The property would make an ideal investment with a rental potential of approximately £475pcm.

Description: The property benefits from a kitchen/diner, lounge and a downstairs wc. Upstairs there are two double bedrooms and a four piece bathroom suite.The property occupies a good sized plot with gardens to front and rear with access via a passageway.

Tenure: Freehold Additional Fees Local Authority: Doncaster Metropolitan Borough Council Buyer's Premium: £1800 inc VAT payable on exchange of contracts. Solicitors: Taylor Bracewell, 17-23 Thorne Road, Doncaster, DN1 2RP. Tel: 01302 640401. Ref: Richard Ellis. Administration Charge: £750 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating D Disbursements: Please see the legal pack for any disbursements listed that may Possession: Vacant possession will be given on completion. become payable by the purchaser on completion. Viewing: Strictly by appointment with Auction House.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 9 29/05/2019 09:52 extending... renovating... a new start...

our architectural services can make your project a reality. contact us today. benson D E S I G N architecture with you in mind.

t: +44 (0)7717 874794 e: [email protected] w: www.benson-design.co.uk Residential for improvement 5 6 Chesswick Avenue, Keadby, Scunthorpe, Lincolnshire DN17 3DG

*GUIDE PRICE: £110,000 - £130,000 (plus fees)

Situation: This two bedroom semi detached property requires a scheme of modernisation and improvements works. It benefits from a parcel of land to the side approximately 109ft x 96ft which may be suitable for development (subject to the relevant planning permission being obtained). The property has the added benefit of owning a lane to the rear leading to a timber garage giving it rear vehicular access.

Description: The house itself requires a scheme of improvement works and consists of: Entrance hall, lounge, dining room, kitchen and a wet room. Upstairs there are two bedrooms and a bathroom.

Tenure: Freehold Additional Fees Local Authority: North Lincolnshire Council Solicitors: Butterworths, 3 Walker Terrace, Gateshead, Tyne & Wear, NE8 1EB. Tel: 0191 482 7458. Buyer's Premium: £2200 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating F Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House. Administration Charge: £900 inc VAT payable on exchange of contracts.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 11 29/05/2019 09:52 Residential Investments 6 31 Donnington Street, Grimsby, Lincolnshire DN32 9EN

*GUIDE PRICE: £26,000 (plus fees)

Situation: The property is situate on Donnington Street, Grimsby, a popular and central area close to the town centre. Grimsby itself offers a wealth of facilities and amenities, and good access to the M180 motorway network.

Description: A traditionally constructed mid terrace house offered for sale in need of a scheme of modernization and improvement works throughout, but benefiting from gas fired central heating and well proportioned accommodation throughout. Ideal for investors, developers and owner occupiers.

Sitting Room: 10’8 x 8’7 (3.25m x 2.44m)

Dining Room: 12’ x 11’1 (3.66m x 3.38m)

Kitchen: 7’11 x 6’11 (2.41m x 2.11m)

Bathroom: Low level flush WC, panel bath, pedestal wash hand basin.

Stairs to First floor landing:

Bedroom: 11’10 x 10’9 (3.61m x 3.28m)

Bedroom: 8’11 x 10’11 (2.72m x 3.33m)

Bedroom: 11’6 x 6’10 (3.51m x 2.08)

Outside: Enclosed rear yard.

Tenure: Freehold Additional Fees Local Authority: North East Lincolnshire Council Buyer's Premium: £1140 inc VAT payable on exchange of contracts. Solicitors: Walker Morris - LBG, Kings Court, 12 King Street, Leeds, LS1 2HL. Tel: 01132 2832505. Administration Charge: £750 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating D Disbursements: Please see the legal pack for any disbursements listed that may Viewing: Strictly by appointment with Auction House. become payable by the purchaser on completion.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 12 29/05/2019 09:52 Residential for Investment 7 145 Patrick Street, Grimsby, Lincolnshire DN32 9PQ

*GUIDE PRICE: £33,000 - £39,000 (plus fees)

Situation: The property is situate on Patrick Street, Grimsby, a popular and central area of Grimsby, close to the town centre and local amenities, surrounded by other properties of a similar style. The town itself offers a wealth of facilities and excellent access to the M180/A15 road network.

Description: A traditionally constructed end of terrace house, offered for sale in need of some improvements throughout, but providing excellent accommodation and the perfect opportunity for both investors and owner occupiers alike. The property comprises: Lounge, Dining Room, Kitchen, Utility, WC, 3 Bedrooms and Bathroom, and has the benefit of partial uPVC double glazing.

Tenure: Freehold Additional Fees Local Authority: North East Lincolnshire Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: Bude Nathan Iwanier LLP, 1-2 Temple Fortune Parade, London, NW11 0QN. Tel: 0208 2092482. Disbursements: Please see the legal pack for any disbursements listed that may Energy Performance Certificate (EPC): Current Rating E become payable by the purchaser on completion. Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 13 29/05/2019 09:52 No sale, no let, no fee % – no problem!

customer satisfaction* Our local knowledge and expertise drives great results.

Come see us in branch, book online or give us a call.

SALES / LETTINGS / MANAGEMENT / HUNTERS.COM

* The commission sale/let fee will become due on exchange of unconditional contracts as detailed in the Terms of Business. Other charges may apply. 96% source: customer surveys Jan-Sept 2018; full details at hunters.com/terms-and-conditions. If you are under contract with another agent you may still be liable also to pay their fee. Commercial Investment 8 13-21 Church Street, Grimsby, Lincolnshire DN32 7SR

*GUIDE PRICE: £50,000 - £75,000 (plus fees)

An excellent opportunity to purchase a substantial industrial unit with the Canteen: 4.75m x 2.86m (15’7in x 9’5) With radiator, electric wall heater and benefit of parking for numerous vehicles.The premises are currently let out uPVC double glazed window. on a 3 year lease from May 2017 and achieves a rent of £14,000 per annum. Office: 5.02m x 2.86m (16’6 x 9’5) The ground floor offers in the region of 395sqm (4,250sqft) of space and With radiator and uPVC double glazed window. briefly comprises office with store cupboard, extensive workshop area, w.c. Womens W.C.: and store room. The first floor offers additional office space, canteen room, With sink, toilet, radiator, timber framed single glazed window and a uPVC store room and w.c.'s. double glazed window. AN EXCELLENT INVESTMENT OPPORTUNITY WITH TENANTS ALREADY IN Mens W.C.: PLACE. With sink, toilet, radiator and timber framed single glazed window. Rear Yard: Description: Accessed down the side of the property, providing parking for numerous Ground Floor: vehicles and enjoying the benefit of a secure palisade gate and a flood light. Workshop Area: 26.73m x 29.64m (87’8 x 97’ 3) gross internal area Office and store, separate workshop, store room and two separate w.c.'s. Intoducer Agent: Access for loading with manual roller shutter. Workshop Area: Store: 1.94m x 2.86m (6’4 x 9’5) With uPVC double glazed window. Office: First Floor

Tenure: Leasehold Additional Fees Local Authority: East Lindsey District Council Buyer's Premium: £1200 inc VAT payable on exchange of contracts. Solicitors: Bridge McFarland, 9 Cornmarket, Louth, LN11 0EN. Tel: 01507 605 883. Ref: Dale Crombleholme. Administration Charge: £750 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating E Disbursements: Please see the legal pack for any disbursements listed that may Possession: Subject to exisiting tenancy agreement. become payable by the purchaser on completion. Viewing: Strictly by appointment with Auction House.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 15 29/05/2019 09:52 Residential 9 41 South Road, Sutton-On-Sea, Mablethorpe, Lincolnshire LN12 2NE

*GUIDE PRICE: £135,000 - £155,000 (plus fees)

Situation: Bedroom: 3.40m x 2.74m (11'2 x 9' 0) The property is situate on South Road, Sutton on Sea being well placed for Single glazed window to the rear (into the conservatory) and radiator. easy access into Sutton town centre, along with the beach and sea front. Sutton offers a wealth of facilities and amenities, and proves a popular Bedroom: : 2.74m x 2.59m (9'0 x 8'6) Lincolnshire coastal town. Presently being used as a study with single glazed window (into the conservatory), built in double wardrobe, radiator and single glazed door Description: giving access to the conservatory. A traditionally constructed detached bungalow offered for sale in good order throughout, with the benefit of uPVC double glazing, central heating and Conservatory: 5.84m x 2.36m (19'2 x 7'9) well proportioned accommodation throughout. The property sits on a Double glazed windows to three sides and double glazed door giving access pleasant plot, with parking and detached garage. to the rear garden. Space and plumbing for an automatic washing machine, space for a tumble dryer, radiator. Accommodation: Bathroom: 2.13m x 1.8m (7'0 x 5'11) Entrance Hall: With a three piece white suite comprising W.C., pedestal wash hand basin and panel bath with electric shower over. Floor to ceiling wall tiling, radiator Lounge/Diner: 5.56m x 3.91m (18'3 x 12'10) (maximum measurements) and obscured double glazed window to the side. Dual aspect double glazed windows to the front and side, feature marble effect fireplace with matching hearth and an inset coal effect gas fire and Garage: 5.18m x 2.54m (17'0 x 8'4) two radiators. With up and over door to the front, window to the side, power points and lighting. Kitchen: 3.78m x 2.84m (12'5 x 9'4) Fitted kitchen comprising base units with rolled edge work surfaces over, Outside: To the front of the property is a spacious driveway providing off- matching wall units and larder cupboard. Inset single stainless steel sink and road parking and giving access to the semi-detached garage. A pathway drainer unit with mixer tap, splash back wall tiling, space and plumbing for a gives access to the front entrance door and there is a pebbled front garden. dishwasher, space for a fridge freezer, space and connection for a gas cooker Gated side access leads to the enclosed pebbled rear garden. (there is also an electric cooker point). Floor standing Glow Worm gas boiler, double glazed window to the rear and double glazed door giving access to the side of the property.

Bedroom: 3.71m x 3.1m (12'2 x 10'2) Double glazed window to the front, radiator and coving to the ceiling.

Tenure: Freehold Additional Fees Local Authority: East Lindsey District Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: Wilkin Chapman LLP, 15 South Market Place, Alford, LN13 9AE. Tel: 01507 464080. Ref: Mr Houltby. Disbursements: Please see the legal pack for any disbursements listed that may Energy Performance Certificate (EPC): Current Rating D become payable by the purchaser on completion. Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 16 29/05/2019 09:52

Selling Commercial Lots

David Stewart Commercial Expert at Better Prices to the Best Buyers

Paul Rogers Commercial Auctioneer

Colin West Commercial Expert

Adrian Harrison Commercial Auctioneer James Pank Commercial Expert

Stuart Cooper Commercial Expert

Ian Hill David Tate Guy Leeder Commercial Expert Auctioneer Commercial Expert

Danny Mayer Commercial Expert Robert Hurst Commercial Expert

Richard Greener Commercial Auctioneer Bryan Baxter Commercial Auctioneer

Chris Edwards Commercial Expert Sally Smith Commercial Expert

Dave Jones Charles Lovell Commercial Expert Commercial Expert Andrew Binstock Commercial Auctioneer

Andrew Stallard Commercial Expert

David Beddoe Commercial Expert Nick Muston Commercial Auctioneer

Steve Sprake Commercial Expert Adam Cook Commercial Auctioneer

Call us now on 0345 8731366

For more information visit our website auctionhouse.co.uk/commercial Residential for improvement 10 37 Spansyke Street, Doncaster, South Yorkshire DN4 0AX

*GUIDE PRICE: £30,000 (plus fees)

Situation: The property is situated on Spansyke Street, Doncaster, a popular and central area of this South Yorkshire town, close to the railway station and town centre. Doncaster itself offers a wealth of facilities and amenities and excellent access to the M18/M180 motorway network.

Description: Traditionally constructed mid terrace house, well-proportioned accommodation ideal for the investor or owner occupier.

Accommodation: Entrance Hall Lounge: 11'5 x 7'6 plus recess (3.48m x 2.29m plus recess) Dining Room: 12'1 plus door recess to max point x 10'7 plus recess (3.68m plus door recess to max point x 3.23m plus recess) Kitchen: 8'8 plus door recess x 6'10 max point (2.64m plus door recess x 2.08m max point). First Floor: Bedroom One: 11' 5 x 12' into recess (3.48m x 3.66m into recess) Bedroom Two: 9' 3 x 7' 10 plus recess (2.82m x 2.39m plus recess) Bathroom: Fitted with three piece suite comprising low level WC, pedestal wash hand basin and bath unit. With rear facing double glazed window and a wall mounted boiler. Exterior: Enclosed rear garden.

Tenure: See Legal Pack Additional Fees Solicitors: Walker Morris - LBG, Kings Court, 12 King Street, Leeds, LS1 2HL. Tel: 01132 2832505. Buyer's Premium: £1140 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating D Administration Charge: £750 inc VAT payable on exchange of contracts. Viewing: Strictly by appointment with Auction House. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

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AH Lincs lotpages jun19.indd 19 29/05/2019 09:52 Residential for improvement 11 11 Main Street, Upton, Gainsborough, Lincolnshire DN21 5NU

*GUIDE PRICE: £80,000 - £100,000 (plus fees)

Sitaution: Bedroom: 2.74m x 4.88m (9’0 x 16’0) The property benefits from a corner plot in the popular Village of Upton with uPVC double glazed window to rear. Radiator access to the market town of Gainsborough. Gainsborough provides a wealth of facilities and amenities including Marshalls Yard retail and leisure Shower Room: 1.68m x 3.46m (5’6 x 11’4) complex. The property also offers good access to surrounding towns of Metal double glazed window to rear, radiator, w.c., hand basin in vanity unit, Scunthorpe, Retford and the city of Lincoln. double shower cubicle.

Description: Outside: The property comprises a two bedroom semi detached bungalow of non- Driveway allowing off road parking leading to brick built garage with up and standard construction, requiring a scheme of improvment and over door. Garden mainly set to lawn with mature planted borders. modernisation, which may be of interest to the owner occupier or investor alike.

Accommodation:

Double glazed door into:

Hallway: Storage Cupboard, door to:

L - Shaped Lounge through Dining: 5.30m x 8.26m (maximum measurements) (17’5 x 27’1) Metal double glazed window to front, radiator, uPVC double glazed window to the rear, stone fireplace.

Kitchen: 3.45m x 2.94m (11’4 x 9’8) uPVC double glazed window and door to rear. Fitted kitchen to include base, drawer and wall units, with complimentary work surface over, stainless steel and drainer, space for cooker.

Bedroom: 3.33m x 4.88m (10’11 x 16’0) Metal double glazed window to front, 2 radiators, built in wardrobes

Tenure: Freehold Additional Fees Local Authority: West Lindsey District Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: Andrew & Co, St Swithin's Court, Nettleham Road, Lincoln, LN2 4GR. Tel: 01522 781483. Disbursements: Please see the legal pack for any disbursements listed that may Energy Performance Certificate (EPC): Current Rating E become payable by the purchaser on completion. Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House.

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AH Lincs lotpages jun19.indd 20 29/05/2019 09:52 Residential for Improvement 12 57 Hawthorn Avenue, Gainsborough, Lincolnshire DN21 1HA

*GUIDE PRICE: £90,000 - £110,000 (plus fees)

Situation: Bedroom One: 3.82m x 3.73m (12'6 x 12'3) The property is situate on Hawthorn Avenue, a popular area of this Having uPVC double glazed window to the front elevation radiator below, Lincolnshire market town, close to the town centre. Gainsborough has a wardrobe built into the alcove with drawers below. wealth of facilities and amenities along with good accesss to surrounding Bedroom Two: 3.82m x 3.43m (12'6 x 11'3) towns and City of Lincoln. 2 x wooden single glazed windows to the rear elevation overlooking the Description: garden with radiator below. Double wardrobe built into the alcove beside the A traditionally constructed detached house occupying a larger than average chimney breast. plot in need of a full scheme of modernisation and improvement works Bedroom Three: 2.14m x 2.74m (7'0 x 9'0) throughout but benefitting from well proportioned accommodation. An Having a wooden single glazed window to the rear elevation overlooking the internal viewing is a must to appreciate the scope this property offers. garden with radiator below. Bathroom: 1.84m x 1.92m (6'0 x 6'4) Entrance Hallway: Having uPVC double glazed window to the front elevation, radiator, three Wooden part glazed Entrance door with side windows and decorative fan piece bathroom suite comprising of low level w.c., pedestal wash hand basin light, stairs rising to first floor, access to under stairs storage which has and bath with tiled splashbacks. single glazed wooden window to the side elevation. Radiator. Externally: To the front is a hedged lined and gated garden which is Lounge: 3.80m x 3.73m (12'6 x 12'3) gravelled for low maintenance with planted borders, a driveway allowing off Having uPVC double glazed bow window to the front elevation, radiator, road parking for multiple vehicles leading to single brick built Garage with up brick effect fire place and hearth with wooden decorative surround and gas and over door, brick built storage unit to the rear one housing a w.c. To the fire. rear of the property is an enclosed garden with crazy paving patio feature, Dining Room: 3.84m x 3.74m (12'7 x 12'3) mainly set to lawn with mature planted borders a pathway leading down to Having a single glazed bay window to the rear elevation, radiator, and the garden to the rear where there is further mature shrubs and bushes and fireplace with electric fire feature. a variety of trees including fruiting tree. First Floor Landing: : Wooden single glazed window to the side elevation, loft access. Doors to:

Tenure: Freehold Additional Fees Local Authority: West Lindsey District Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: Andrew Jay & Co, 26 Lord Street, Gainsborough, DN21 2DB. Tel: 01427 612412. Ref: Mr G Bembridge. Disbursements: Please see the legal pack for any disbursements listed that may Energy Performance Certificate (EPC): Current Rating D become payable by the purchaser on completion. Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House.

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AH Lincs lotpages jun19.indd 21 29/05/2019 09:52 Residential Investments 13 17 The Old School, Lovett Street, Cleethorpes, Lincolnshire DN35 7BH

*GUIDE PRICE: £75,000 - £85,000 (plus fees)

Situation: Mezzanine Floor - LEADING TO THE FURTHER ACCOMMODATION OF:- The property is situate on Lovett Street, Cleethorpes a popular and central Kitchen Dining Room: area of this North East Lincolnshire town, close to the sea front and primary 7.50m x 2.30m opening to 3.60m at its max (24'7") shopping areas. Cleethorpes offers a wealth of facilities and amenities and Bedroom: good access to Grimsby, along with the M180 road network and main rail 4.20m x 3.70m (13'9" x 12'1") station. Parking: Description: Through double gates there is a block paved driveway. A Grade II listed semi detached converted school house offering well proportioned accommodation throughout, in the form of:

Ground Floor Accommodation: Entrance Hall: Bedroom: 3.70m x 4.60m (12'1" x 15'1") Bedroom: 3.55m x 3.15m (11'7" x 10'4") Cloakroom/Study: Introducer Agent: 2.40m x 1.60m (7'10" x 5'2") Bathroom: 4.80m x 1.80m (15'8" x 5'10") First Floor Accommodation: Lounge: 5m x 4.4m (16'4" x 14'5")

Tenure: See Legal Pack Additional Fees Local Authority: North East Lincolnshire Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: Hetts Johnson Whiting, 11 Bigby Street, Brigg, DN20 8EP. Tel: 01652 655101. Ref: Annabel Ford. Disbursements: Please see the legal pack for any disbursements listed that may Possession: Vacant possession will be given on completion. become payable by the purchaser on completion. Viewing: Strictly by appointment with Auction House.

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AH Lincs lotpages jun19.indd 22 29/05/2019 09:52 We’re for the Renovating your property to sell for a tidy ones who want profit? Our auction finance could support your plans. Our flexible approach to lending to improve lot will get you going, going, gone in no time. Call us on 0333 920 6977 number 37, a lot. or find out more at togethermoney.co.uk/auction-finance Lending for the new normal.

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Visit our website for more information on why Auction is the best option for your property auctionhouse.co.uk Residential for improvement 14 30 Willow Road, New Balderton, Newark, Nottinghamshire NG24 3DA

*GUIDE PRICE: £90,000 (plus fees)

Situation: Bathroom: 1.51m x 2.32m (4’11 x 7’7) A two bedroom semi detached house located in a popular well established Wooden single glazed window to rear, W.C., pedestal wash hand basin, panel residential area of Newark. sided bath and tiled splash backs.

Description: Accommodation comprising: Lounge, Kitchen, to the first floor are two Bedrooms and Bathroom. Externally to the front is a lawned gardenand driveway allowing off road parking. The rear garden is mainly set to lawn with patio area.

Accommodation:

Wooden entrance door into:

Lounge: 3.55m x 3.82m (max) (11’8 x 12’6) Wooden single glazed window to front elevation, electric storage heater, brick built fireplace, stairs rising to first floor, door to

Kitchen: 3.57m x 3.19m (11’9 x 10’6) Wooden single glazed window to rear, double glazed entrance to rear leading to garden, fitted kitchen including, base, drawer, larder and wall units, work surface over with tiled splashbacks, stainless steel sink and drainer unit. Provision for automatic washing machine, space for cooker. Storage heater.

First Floor Landing: Wooden single glazed window to side, storage heater, loft access, doors to:

Bedroom One: 3.56m x 2.69m (11’8 x 8’10) Wooden single glazed window to front and airing cupboard

Bedroom Two: 3.24m x 1.95m (10’8 x 6’5) plus recess to door Wooden single glazed window to rear.

Tenure: Freehold Additional Fees Local Authority: Newark and Sherwood District Council Buyers Premium: £1140 inc VAT payable on exchange of contracts. Solicitors: Savage Crangle, 15 High Street, Skipton, North Yorkshire, BD23 1AJ. Tel: 01756 794611. Administration Charge: £750 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating E Disbursements: Please see the legal pack for any disbursements listed that may Viewing: Strictly by appointment with Auction House. become payable by the purchaser on completion.

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AH Lincs lotpages jun19.indd 25 29/05/2019 09:52 Residential for improvement 15 Holly House, 14 Mill Lane, Morton, Gainsborough, Lincolnshire DN21 3BW

*GUIDE PRICE: £275,000 - £325,000 (plus fees)

Situation: Drawing Room: The property is situate on Mill Lane, Morton, a central area of this popular 5.77m plus Entrance recess x 4.50m (18’11 plus Entrance recess x 14’9) Lincolnshire village, to the North of Gainsborough. Morton itself offers a Three sash windows to the side elevation, skirting, coved cornice to ceiling, range of facilities and amenities, including St Pauls Church, a Public House cast iron fireplace with tiled surround timber mantle, two bespoke fitted and Co-Op convenience store, along with excellent access to the surrounding glazed bookcases. Further timber door to: towns of Scunthorpe, Doncaster, Retford and the City of Lincoln. Strong Room: Description: With range of fitted shelves. A traditionally constructed period Manor house, offered for sale in need of a complete scheme of improvement and renovation works throughout, but Doorway understairs into the “working area” of the house and “staff benefitting from many original features and extremely well proportioned accommodation” with continuation of the ornate tiled flooring from the accommodation throughout. The property occupies a plot of approx. 1.25 Hallway. acres, with range of outbuildings, along with tremendous potential. Steps leading down to the Cellar: Accommodation: Entrance Hallway: Pantry: Original timber and glazed front Entrance Door with ornate tiled flooring, With sash window to the side elevation, range of timber pantry units coved cornice to ceiling. Door to: including cold shelf.

Sitting Room: Kitchen: 5.51m x 4.57m (18’1 x 15’0) 4.27m x 5.18m (14’0 x 17’0) Sash window to side elevation with original shutters and timber and glazed With original Carlisle Range fireplace, original tiled flooring, skirting and sash bay window to the front elevation, original skirting and coved cornice to timber door to the rear aspect of the property. ceiling. Kitchen Store: Dining Room: Range of fitted timber storage cupboards and shelter. 4.57m x 5.49m (15’0 x 18’0) Sash bay window to the front elevation, skirting, coved cornice to ceiling, open fire with timber surround and mantle and tiled inset.

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AH Lincs lotpages jun19.indd 26 29/05/2019 09:52 Inner Hallway: Family Bathroom: With two sash windows to the rear elevation, low level flush w.c., pedestal Scullery: wash hand basin, cast iron bath. Skirting, access to loft space. 4.70m x 3.86m (15’5 x 12’8) Range of windows to the side elevation, timber door to the rear of the Storage Cupboard: property, original tiled flooring, under-stairs storage area. Landing with stairs to half Landing: Stairs to rear landing on first floor and staff quarters: Sash window to rear elevation

Galleried Landing: Further stairs into “Staff Quarters” with timber door opening to: First Floor Landing with seating area, sash window to front aspect and original timber and glazed atrium roof light window. Bedroom: 3.89m x 3.02m (12’9 x 9’11 max) First Floor Accommodation: Window to side elevation and further timber door to further

Bedroom: Bedroom: 4.70m x 4.72m (15’5 x 15’6) 3.89m x 2.29m (12’9 x 7’6) Sash window to the front elevation, ornate tiled and cast iron fireplace, With single glazed window and cast iron fireplace. coved cornice to ceiling, original skirting. Externally: Bedroom: The property is approached by two driveways to the northern elevation of 4.70m x 3.96m (15’5 x 13’0) the property leading to a detached brick built double Garage hinged timber Sash window to the front elevation, coved cornice to ceiling, original door, there is also a detached brick built Stable block with first floor skirting. storage, a range of further brick built outhouses including: toilet and covered store area and Victorian greenhouse, although in a state of Bedroom: disrepair. 4.75m x 4.09m (15’7 x 13’5) With entrance recess, sash windows to the side and rear elevation, open The property occupies an enclosed and private plot of approximately 1.25 fireplace, coved cornice to ceiling, original skirting. Further timber door to: acres, with a wide range of mature trees and shrubs as well as areas of lawned garden interspersed with wild flower and blossom trees. Nursery Bedroom: 1.80m x 4.70m (5’11 x 15’5) Sash window to the side elevation, skirting and coved cornice to ceiling.

Bedroom: 2.92m x 4.37m (9’7 x 14’4) Sash window to the side elevation, coved cornice to ceiling, skirting.

Bedroom: 2.87m x 4.34m (9’5 x 14’3) Sash window to the side elevation, original cast iron fireplace, skirting.

Tenure: Freehold Additional Fees Solicitors: HSR Law, Newborn Court, Chapel Street, Epworth, DN9 1HH. Tel: 01427 872206. Ref: Mr M White. Administration Charge: £750 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating G Disbursements: Please see the legal pack for any disbursements listed that may Possession: Vacant possession will be given on completion. become payable by the purchaser on completion. Viewing: Strictly by appointment with Auction House.

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AH Lincs lotpages jun19.indd 27 29/05/2019 09:52 Commercial finance built around you NeilNeil SpruceSpruce CeMAPCeMAP Mortgage & Protection Advisor M: 07734 114206 Auction Commercial Buy to Let T: 01302 898066 Finance Mortgages Mortgages E: [email protected] Ensuring you’re Arranged quickly Competitive EXPERIENCED ready to buy. with minimum deals for COMMERCIAL hassle. all types of FINANCIAL EXPERTS landlord. • Professional qualified team. • Whole of the market. Bridging Development Secured • In depth market Finance Finance Loans knowledge. • Highly customer Short term Working with When a second focused. effective you to develop charge may • Finance for all lending. returns. be the right sectors. solution. • Smooth hassle free transactions.

Abacus Funding Limited | 2b Somersby Avenue | Doncaster DN5 8H Head Office: 01302 786543 | www.abacusfunding.co.uk | [email protected]

Abacus Funding Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 648976. Registered in England No. 09093986. count on us Registered office address for Abacus Funding Limited is 2b, Somersby Avenue Doncaster DN5 8HB. The FCA does not regulate some Buy to Let mortgage contracts. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

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AH Lincs lotpages jun19.indd 28 29/05/2019 09:52 Residential for improvement 16 39 Morton Terrace, Gainsborough, Lincolnshire DN21 2RF

*GUIDE PRICE: £70,000 - £90,000 (plus fees)

Situation: Stairs to first floor landing The property is situate on Morton Terrace, Gainsborough a popular and central area of this Lincolnshire market town. Gainsborough provides a Bedroom 1: 5.16m x 3.96m (16′11 x 13′) wealth of facilities and amenities and this property is ideally located for 2 uPVC windows to front elevation access to the town centre and Marshalls Yard retail and leisure complex. Gainsborough offers good access to surrounding towns of Scunthorpe, Bedroom 2: 4.22m x 3.30m (13′10 x 10′10) Retford, Doncaster and the city of Lincoln. uPVC window to rear elevation

Description: Bathroom A traditionally constructed bay fronted semi detached house requiring a full uPVC window to side elevation, low level flush WC, pedestal wash hand scheme of modernisation and improvement works throughout yet basin, bath. benefitting from well proportioned accommodation and retaining many original features. The property has previously been converted into 2 flats, Bedroom 3: 2.92m x 3.48m (9′7 x 11′5) and subsequently converted back to one residence. The property comprises: uPVC window to rear elevation Entrance Hall, Sitting Room, Dining Room, Kitchen, 5 Bedrooms over 2 floors and 2 Bathrooms as well as a garden. Stairs rising to second floor landing:

Accommodation: Bedroom 4: 4.83m x 2.21m (15′10 x 7′3) Entrance Hall uPVC window to side elevation

Sitting Room: 3.66m x 3.94m (12′ x 12′11) Bedroom 5: 3.33m x 5.13m (10′11 max x 16′10) uPVC Bay window to front elevation uPVC window to side elevation

Dining Room: 4.09m x 4.06m (13′5 x 13′4) Outside: To the front of the property is an enclosed area of garden, laid to uPVC window to rear elevation lawn. To the rear of the property is a further enclosed lawned garden.

Kitchen: 3.48m x 5.23m (11′5 x 17′2) uPVC windows to rear and side elevations, and door to side elevation.

Bathroom: uPVC window to side elevation, Low level flush WC, pedestal wash hand basin and bath.

Tenure: Freehold Additional Fees Local Authority: West Lindsey District Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: HSR Law, Staynor House, Chapel Street, Epworth, DN9 1HH. Tel: 01427 872206. Ref: Matthew White. Disbursements: Please see the legal pack for any disbursements listed that may Energy Performance Certificate (EPC): Current Rating G become payable by the purchaser on completion. Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

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AH Lincs lotpages jun19.indd 29 29/05/2019 09:52 Residential for improvement 17 Elm Tree Cottage & Sycamore Cottage, Kettlebridge Lane, East Halton,

*GUIDE PRICE: £190,000 - £210,000 (plus fees)

Situation: of fitted floor level unit, complementary rolled edged work surface, space The property is situate on Kettlebridge Lane, East Holton, a popular and and plumbing for automatic washing machine and dishwasher. One and a sought after North Lincolnshire village well positioned for access to half bowl sink and drainer unit, tiled splash, range of eye level units, space surrounding villages along with the A/M180 leading to Grimsby, Brigg and for gas cooker. Scunthorpe, all of which offer a wide range of facilities and amenities. Entrance Hallway stairs rising to the first floor landing: : Bedroom: 2.29m x 3.33m (7’6 x 10’11) plus recess Description: uPVC double glazed window to the front elevation, radiator. An interesting opportunity to purchase a detached property currently split Bedroom: 3.89m x 2.41m (12’9 x 7’11) maximum into a three bedroom cottage and a one bedroom cottage respectively, uPVC double glazed window to the rear elevation, radiator. occupying a pleasant plot and offering scope for further redevelopment or Bedroom: 3.78m x 5.16m (12’5 x 16’11) reconversion into one dwelling subject to the relevant planning permission uPVC double glazed window to the front elevation, radiator. being obtained. The property has a prominent position and offers well W.C.: proportioned accommodation in the form of: With uPVC double glazed window to the front elevation, fully tiled walls, radiator, low level flush w.c. Elm Tree Cottage Accommodation: Family Bathroom: uPVC front entrance door into Entrance Porch, tiled floor and further door to: uPVC double glazed window to the rear elevation, radiator, range of fitted Entrance Hallway: cupboards housing combination boiler. Corner panelled bath with electric Radiator, uPVC double glazed window to the front elevation, under stairs shower over, tiled surround, wash hand basin. storage cupboard. Door to: Externally: Sitting Room: 3.73m x 5.08m (12’3 x 16’8) Enclosed garden area with large patio seating area, raised beds and lawned uPVC double glazed windows to the front and side elevations, radiator, garden area, storage shed. Driveway to the side of the property allowing fireplace with log burner and brick surround, hearth and timber mantle. parking. Entrance Hallway to: Dining Room: 2.34m x 3.78m (7’8 x 12’5) maximum uPVC double glazed window to the rear elevation, radiator, log burning stove with brick hearth and further door to: Kitchen: 4.98m x 2.06m (16’4 x 6’9) uPVC double glazed windows to the rear and side elevation, uPVC double glazed door leading to the rear of the property, fully tiled floor and a range

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AH Lincs lotpages jun19.indd 30 29/05/2019 09:52 Sycamore Cottage Accommodation:

Kitchen: 2.41m x 3.51m (7’11 x 11’6) maximum uPVC side entrance door, radiator, uPVC double glazed window to the rear elevation, floor level units with complementary rolled edge work surface, stainless steel sink and drainer unit, space and provision for gas cooker. Door to:

Sitting Room: 3.28m x 3.51m (10’9 x 11’6) maximum uPVC double glazed window to the front elevation, radiator, wood burner with tiled hearth and mantle.

From Kitchen stairs rising to First Floor:

Bedroom: 3.53m x 3.25m (11’7 x 10’8) uPVC double glazed window to the front elevation, fitted cupboard space/wardrobe. Doorway to

Bathroom: With low level flush w.c., pedestal wash hand basin, panelled bath, uPVC double glazed window to the rear elevation, radiator. Cupboard housing the combination boiler.

Externally: Enclosed garden area with raised patio seating area and raised beds.

Elm Tree Cottage Sycamore Cottage

Tenure: Freehold Additional Fees Local Authority: West Lindsey District Council Solicitors: Wilkin Chapman, Cartergate House, 26 Chantry Lane, Grimsby, DN31 2LJ. Tel: 01472 262626. Administration Charge: £750 inc VAT payable on exchange of contracts. Energy Performance Certificate (EPC): Current Rating TBC Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House. Disbursements: Please see the legal pack for any disbursements listed that may

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AH Lincs lotpages jun19.indd 31 29/05/2019 09:52 Residential for improvement 18 58 Church Lane, Mablethorpe, Lincolnshire LN12 2NU

*GUIDE PRICE: £75,000 - £95,000 (plus fees)

Situation: The property is sistuate on Church Lane, Mablethorpe, a prominent position within easy access of the town centre. Mablethorpe offers a wide range of facilities and amenties along with excellent access to the coastal roads leading both North and South.

Description: The property comprises a detached bungalow in need of a full scheme of modernisation and improvement works or the plot may be suitable for redevelopment subject to the necessary planning permissions being obtained.

Accommodation:

Sitting Room: 4.60m x 3.15m (15’1 x 10’4) Window to front elevation, radiator. Kitchen: 4.06m x 2.79m (13’4 x 9’2) Range of floor and wall units, one and a half bowl sink and drainer unit space for gas cooker, window to side elevation, door to rear. Gas central heating boiler. Bedroom: 3.38m x 3.17m (11’1 x 10’5) Window to front elevation, radiator. Bedroom: 4.09m x 4.14m (13’5 x 13’7) Window to rear elevation, radiator. Bathroom: Panel bath, pedestal wash hand basin, window to the rear elevation Separate WC: low level flush, window to rear elevation Outside: Garage, 2x driveway and enclosed garden.

Tenure: Freehold Additional Fees Local Authority: East Lindsey District Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: Wilkin Chapman LLP, 11-15 Brayford, Wharf East, Lincoln, LN5 7AY. Tel: 01522 515981. Disbursements: Please see the legal pack for any disbursements listed that may Energy Performance Certificate (EPC): Current Rating E become payable by the purchaser on completion. Possession: Vacant possession will be given on completion. Viewing: Strictly by appointment with Auction House.

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AH Lincs lotpages jun19.indd 32 29/05/2019 09:52 Agricultural/Amenity Land 19 Approx 7.26 Acres Grass Field Off, Canal Lane, West Stockwith, DN10 4ET

*GUIDE PRICE: £7,000 - £8,000 per acre (plus fees)

Situation: Tenantright: The land lies to the west of West Stockwith between Misterton and There will be no claim for tenantright nor shall the purchaser have the right Stockwith village with the Chesterfield Canal to the south and the Mother to claim for any deductions or dilapidations whatsoever. Drain to the north. RPA Payments: Description: The land has been registered for the receipt of payments under the Basic 7.26 acres grass field with access off Canal Lane through the Waterfront Payment Scheme. Public House car park and the adjoining caravan park along a track running parallel to the Mother Drain. Land Note: Please would all interested parties register their interest with the Auctioneers Schedule: in order that they may be kept up to date with any developments. N.G. Nos Area – Acres RPA No. Area – Hectares 2178 7.26 2079 2.94 Introducer Agent:

Soil Type: Marine alluvium.

Outgoings: Drainage Rates payable to the Internal Drainage Board.

Tenure: Freehold Additional Fees Local Authority: Bassetlaw District Council Administration Charge: £750 inc VAT payable on exchange of contracts. Solicitors: Burton & Dyson, 22 Market Place, Gainsborough, DN21 2BZ. Tel: 01427 610761. Ref: Lisa Whitelam. Disbursements: Please see the legal pack for any disbursements listed that may Possession: Vacant possession will be given on completion. become payable by the purchaser on completion. Viewing: At any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.

auctionhouse.co.uk/lincolnshire *Description on Auction Information page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ĸ gures

AH Lincs lotpages jun19.indd 33 29/05/2019 09:52 MEMORANDUM OF SALE

Property Address: Lot No.

Price:

The Vendor:

The Purchaser:

Post Code: Tel:

It is agreed that the Vendor sells and the Purchaser buys the property described in the accompanying particulars and *conditions of sale subject to their provisions and the terms and stipulations in them at the price above mentioned.

Purchase Price: £

Less Deposit: £

Balance: £

Dated:

Completion Date:

Signed:

Authorised Agent for Vendor As Agents for the Vendor we acknowledge receipt of the deposit in the form of:

Dated:

Signed:

The Purchaser

Purchasers Solicitor:

Post Code: Tel:

Vendors Solicitor:

Post Code: Tel:

* For the purpose of this contract, the conditions of sale include the three sections of the RICS Common Auction Conditions, the Glossary, Conduct of the Auction and the General Conditions and any special and extra special conditions included within the legal pack. In addition and at the same time, the purchaser is required to pay by cheque to the Auctioneer an Administration Charge of £750.00 (£625.00 + VAT) plus Buyers Premium if applicable. NON-ATTENDING BID OR TELEPHONE BID Please also sign and return the reverse side of this form

AUTHORISATION FOR BIDDING BY PROXY OR TELEPHONE

Full Name (s):

Name of Company (if applicable):

Home or Company (address): Postcode:

Tel: Mobile:

Email:

Hereby authorise Auction House to bid on my behalf by proxy / telephone (delete as applicable) bid for the property detailed below.

I confirm that I have read and understood the General Conditions of Sale and signed the Conditions of Bidding by Proxy or Telephone set out overleaf. PROPERTY AND BID DETAILS

Lot No.: Property Address:

My maximum bid (proxy bids only) will be: £

(amount in words): DEPOSIT (tick as applicable)

I attach a cheque for 10% of my proxy bid or £3000, whichever is the greater, plus £750.00 (£625.00 + VAT Administration Charge) plus Buyers Premium if applicable. OR

I attach a blank cheque to be completed by the Auctioneer if my bid is successful, within which he will include £750.00 (£625.00 + VAT Administration Charge) plus Buyers Premium if applicable.

My cheque of £ payable to AUCTION HOUSE LINCOLNSHIRE (amount if applicable)

I hereby authorise Auction House to undertake Proof of Identification checks using the information provided.

Date of Birth Period living at current address NI Number

Passport Number

Driving Licence Number

Previous address if less than 6 months

SOLICITORS

My solicitors are:

Of (address):

Postcode:

Tel: Person Acting:

If my bid is successful, I authorise the Auctioneer to sign the Memorandum of Sale on my behalf and recognise that I will be the legally bound purchaser of the property referred to above and must complete the purchase of the property within the time specified in the General/Special Conditions of Sale.

Signed: Date:

PLEASE MARK THE ENVELOPE EITHER PROXY OR TELEPHONE BID TERMS AND CONDITIONS FOR TELEPHONE BIDS AND BIDDING BY LETTER Anyone not able to attend the auction and wishing to make a bid for any property, do so on the following terms and conditions:

1. The bidder must complete a separate authority form for each Lot involved, and provide a bankers draft, solicitor’s client’s account cheque or personal cheque for 10% of the maximum amount of the bid for each Lot. Please note the minimum deposit for any bid is £3,000 PER LOT.

2. The bidder must upload Proof of Identity in the form of a scan of a driving licence or passport, and a scan of a utility bill to the Auctions Passport Service that accesses the property’s Legal Pack. Also you authorise Auction House to undertake a search with Experian for the purpose of verifying your identity. To do so Experian may check the details you supply against any particulars on any database (public or otherwise) to which they have access. They may also use your details in the future to assist other companies for verification purposes. A record of the search will be retained.

3. The form must be sent to, or delivered to: Written & Telephone Bids, Auction House Lincolnshire, North Notts and South Yorks, Rebrook House, 124 Trinity Street, Gainsborough DN21 1JD to arrive before 6pm two working days prior to the start of the auction. It is the bidders responsibility to check that the form is received by Auction House Lincolnshire, North Notts and South Yorks and this can be done by telephoning the office.

4. In the case of a telephone bid the prospective purchaser should provide a blank cheque in the name of the purchaser which the Auctioneer will complete on behalf of the prospective purchaser if the prospective purchaser is successful in purchasing the relevant property for 10% of the purchase price, plus the administration charge or in accordance with the General or Special Conditions of Sale relating to the lot.

5. The bidder shall be deemed to have read the “Important Notice to be read by all bidders”; the particulars of the relevant Lot in the catalogue the general and special conditions of sale. The bidder shall be deemed to have taken all necessary professional and legal advice and to have made enquiries and have knowledge of any announcements to be made from the rostrum of any amendments relating to the relevant Lot. Announcements can and should be checked by bidders on the day before the auction. However, the Auctioneers will advise the bidders of any announcements as soon as possible prior to the Auction.

6. In the case of a written bid, Auction House staff will compete in the bidding up to the maximum of the authorisation. If no maximum is inserted, Auction House reserve the right not to bid.

7. Auction House reserve the right not to bid on behalf of written bidders, in the event of any error, doubt, omission, uncertainty as to the bid, any failure to validate Proof of Identification, or for any reason whatsoever and give no warranty, or guarantee, that a bid would be made on behalf of the bidder and accept no liability.

8. In the event that the written or telephone bid is successful, the Auctioneer will sign the Memorandum of the Contract on behalf of the bidder (a Contract would have been formed on the fall of the hammer).

9. In the event of a Contract, the deposit monies will be applied so far as necessary to meet the requirement for a 10% deposit (minimum £3,000) and the balance of the deposit (if any) will be held by the vendors solicitor pending completion. An Administration charge of £750.00 (£625.00 + VAT) should be added to the deposit cheque or a separate cheque should be made payable to Auction House.

10. In the event that the bidder is unsuccessful in gaining the Contract, the deposit monies shall be returned to the bidder promptly.

11. The Auctioneer will make no charge to a prospective purchaser for this service and will accept no liability whatsoever for any bid not being made on behalf of the prospective purchaser whether through lack of clarity of instructions or for any other reason whatsoever. Prospective telephone purchasers will not hold Auction House liable for any loss or claims relating to the telephone bidding system.The prospective purchaser will be advised if the relevant lot has been successfully purchased on his behalf as soon as possible after the auction. Where the lot has not been purchased the prospective purchaser will be notified by post and the deposit returned as soon as reasonably possible.

12. Once delivered to the Auctioneers, the authority to bid is binding on the bidder on the day on which the particular Lot is auctioned. This is to allow for the possibility of a Vendor agreeing to sell post auction where the bidding has not reached the reserve.

13. The authority can only be withdrawn by notification in writing delivered to Auction House at their office two hours before the start of the auction on the day the relevant Lot is scheduled to be auctioned, or by delivery into the hands of the Auctioneer in the auction room half- an-hour before the start of that day’s auction. It is the bidders responsibility to obtain a receipt on a copy of the withdrawal notification signed by one of the Auctioneers and without such a receipt the authority stands, any successful Contract is binding on the bidder.

14. If the bidder, or an agent, actually bids at the auction without having previously withdrawn the authority, the Auctioneer is at liberty to accept such bid in addition to any bid from Auction House staff as empowered under the written authority. Auction House will have no liability whatsoever if the price achieved is the result only of this competition in bidding without intervention from other bidders.

15. Prospective purchasers are advised in respect of telephone bids should they become disconnected during bidding or are unobtainable, Auction House will not be held responsible or liable for any loss suffered in respect thereof. I hereby confirm that I have read and understood the above terms and conditions to bid by letter.

Signed: ...... Date: ......

Please sign this page and ensure the form overleaf is completed COMMON AUCTION CONDITIONS (EDITION 3) REPRODUCED WITH THE CONSENT OF THE RICS

INTRODUCTION general conditions. information supplied by or on behalf of the seller. You need The Common Auction Conditions have been produced for real estate Interest rate to check that the information in the particulars is correct. auctions in England and Wales to set a common standard across the If not specified in the special conditions, 4% above the base rate A4.2 If the special conditions do not contain a description of the industry. They are in three sections: from time to time of Barclays Bank plc. (The interest rate will also lot, or simply refer to the relevant lot number, you take the apply to judgment debts, if applicable.) risk that the description contained in the particulars is GLOSSARY Lot incomplete or inaccurate, as the particulars have not been The glossary gives special meanings to certain words used in both Each separate property described in the catalogue or (as the case prepared by a conveyancer and are not intended to form part sets of conditions.. may be) the property that the seller has agreed to sell and the buyer of a legal contract. AUCTION CONDUCT CONDITIONS to buy (including chattels, if any). A4.3 The particulars and the sale conditions may change prior to The Auction Conduct Conditions govern the relationship between Old arrears the auction and it is your responsibility to check that you the auctioneer and anyone who has a catalogue, or who attends or Arrears due under any of the tenancies that are not “new tenancies” have the correct versions. bids at the auction. They cannot be changed without the as defined by the Landlord and Tenant (Covenants) Act 1995. A4.4 If we provide information, or a copy of a document, provided auctioneer’s agreement. Particulars by others we do so only on the basis that we are not The section of the catalogue that contains descriptions of each lot SALE CONDITIONS responsible for the accuracy of that information or (as varied by any addendum). document. The Sale Conditions govern the agreement between each seller and Practitioner buyer. They include general conditions of sale and template forms An insolvency practitioner for the purposes of the Insolvency Act A5 THE CONTRACT of special conditions of sale, tenancy and arrears schedules and a 1986 (or, in relation to jurisdictions outside the United Kingdom, A5.1 A successful bid is one we accept as such (normally on the sale memorandum. any similar official). fall of the hammer). This condition A5 applies to you if you IMPORTANT NOTICE Price make the successful bid for a lot. A prudent buyer will, before bidding for a lot at an auction: The price that the buyer agrees to pay for the lot. A5.2 You are obliged to buy the lot on the terms of the sale • take professional advice from a conveyancer and, in appropriate Ready to complete memorandum at the price you bid plus VAT (if applicable). cases, a chartered surveyor and an accountant; Ready, willing and able to complete: if completion would enable the A5.3 You must before leaving the auction: • read the conditions; seller to discharge all financial charges secured on the lot that have (a) provide all information we reasonably need from you to • inspect the lot; to be discharged by completion, then those outstanding financial enable us to complete the sale memorandum (including • carry out usual searches and make usual enquiries; charges do not prevent the seller from being ready to complete. proof of your identity if required by us); • check the content of all available leases and other documents Sale conditions (b) sign the completed sale memorandum; and relating to the lot; The general conditions as varied by any special conditions or (c) pay the deposit. • check that what is said about the lot in the catalogue is accurate; addendum. A5.4 If you do not we may either: • have finance available for the deposit and purchase price; Sale memorandum The form so headed (whether or not set out in the catalogue) in (a) as agent for the seller treat that failure as your • check whether VAT registration and election is advisable; repudiation of the contract and offer the lot for sale again: The conditions assume that the buyer has acted like a prudent buyer. which the terms of the contract for the sale of the lot are recorded. Seller the seller may then have a claim against you for breach of If you choose to buy a lot without taking these normal precautions contract; or you do so at your own risk. The person selling the lot. If two or more are jointly the seller their obligations can be enforced against them jointly or against each of (b) sign the sale memorandum on your behalf. them separately. A5.5 The deposit: GLOSSARY Special conditions (a) is to be held as stakeholder where VAT would be This glossary applies to the auction conduct conditions and the sale Those of the sale conditions so headed that relate to the lot. chargeable on the deposit were it to be held as agent for the conditions. Tenancies seller, but otherwise is to be held as stated in the sale Wherever it makes sense: Tenancies, leases, licences to occupy and agreements for lease and conditions; and • singular words can be read as plurals, and plurals as singular words; any documents varying or supplemental to them. (b) must be paid in pounds sterling by cheque or by bankers’ • a “person” includes a corporate body; Tenancy schedule draft made payable to us on an approved financial • words of one gender include the other genders; The tenancy schedule (if any) forming part of the special conditions. institution. The extra auction conduct conditions may state • references to legislation are to that legislation as it may have been Transfer if we accept any other form of payment. modified or re-enacted by the date of the auction or the contract Transfer includes a conveyance or assignment (and “to transfer” A5.6 We may retain the sale memorandum signed by or on behalf date (as applicable); and includes “to convey” or “to assign”). of the seller until the deposit has been received in cleared • where the following words are printed in bold type they have the TUPE funds. specified meanings. The Transfer of Undertakings (Protection of Employment) A5.7 If the buyer does not comply with its obligations under the Actual completion date Regulations 2006. contract then: The date when completion takes place or is treated as taking place VAT (a) you are personally liable to buy the lot even if you are for the purposes of apportionment and calculating interest. Value Added Tax or other tax of a similar nature. acting as an agent; and Addendum VAT option (b) you must indemnify the seller in respect of any loss the An amendment or addition to the conditions or to the particulars or An option to tax. seller incurs as a result of the buyer’s default. to both whether contained in a supplement to the catalogue, a We (and us and our) A5.8 Where the buyer is a company you warrant that the buyer is written notice from the auctioneers or an oral announcement at the The auctioneers. properly constituted and able to buy the lot. auction. You (and your) Agreed completion date Someone who has a copy of the catalogue or who attends or bids at A6 EXTRA AUCTION CONDUCT CONDITIONS Subject to condition G9.3: the auction, whether or not a buyer. A6.1 Despite any special condition to the contrary the minimum (a) the date specified in the special conditions; or deposit we accept is £3,000 (or the total price, if less). A (b) if no date is specified, 20 business days after the contract date; AUCTION CONDUCT CONDITIONS special condition may, however, require a higher minimum but if that date is not a business day the first subsequent business deposit. day. A1 INTRODUCTION Approved financial institution A1.1 Words in bold type have special meanings, which are defined GENERAL CONDITIONS OF SALE Any bank or building society that has signed up to the Banking Code in the Glossary. A1.2 The catalogue is issued only on the basis that you accept Words in bold type have special meanings, which are defined or Business Banking Code or is otherwise acceptable to the in the Glossary auctioneers. these auction conduct conditions. They govern our Arrears relationship with you and cannot be disapplied or varied by G1. THE LOT Arrears of rent and other sums due under the tenancies and still the sale conditions (even by a condition purporting to replace G1.1 The lot (including any rights to be granted or reserved, and outstanding on the actual completion date. the whole of the Common Auction Conditions). They can be any exclusions from it) is described in the special conditions, Arrears schedule varied only if we agree. or if not so described the lot is that referred to in the sale The arrears schedule (if any) forming part of the special conditions. A2 OUR ROLE memorandum. Auction A2.1 As agents for each seller we have authority to: G1.2 The lot is sold subject to any tenancies disclosed by the special The auction advertised in the catalogue. (a) prepare the catalogue from information supplied by or conditions, but otherwise with vacant possession on Auction conduct conditions on behalf of each seller; completion. The conditions so headed, including any extra auction conduct G1.3 The lot is sold subject to all matters contained or referred to conditions. (b) offer each lot for sale; (c) sell each lot; in the documents, but excluding any financial charges: these Auctioneers the seller must discharge on or before completion. (d) receive and hold deposits; The auctioneers at the auction. G1.4 The lot is also sold subject to such of the following as may Business day (e) sign each sale memorandum; and affect it, whether they arise before or after the contract date Any day except (a) a Saturday or a Sunday; (b) a bank holiday in (f) treat a contract as repudiated if the buyer fails to sign a and whether or not they are disclosed by the seller or are England and Wales; or (c) Good Friday or Christmas Day. sale memorandum or pay a deposit as required by these apparent from inspection of the lot or from the documents: Buyer auction conduct conditions. (a) matters registered or capable of registration as local land The person who agrees to buy the lot or, if applicable, that person’s A2.2 Our decision on the conduct of the auction is final. charges; personal representatives: if two or more are jointly the buyer their A2.3 We may cancel the auction, or alter the order in which lots (b) matters registered or capable of registration by any obligations can be enforced against them jointly or against each of are offered for sale. We may also combine or divide lots. A them separately. competent authority or under the provisions of any lot may be sold or withdrawn from sale prior to the auction. statute; Catalogue A2.4 You acknowledge that to the extent permitted by law we The catalogue to which the conditions refer including any (c) notices, orders, demands, proposals and requirements of owe you no duty of care and you have no claim against us any competent authority; supplement to it. for any loss. Completion (d) charges, notices, orders, restrictions, agreements and Unless otherwise agreed between seller and buyer (or their A3 BIDDING AND RESERVE PRICES other matters relating to town and country planning, conveyancers) the occasion when both seller and buyer have A3.1 All bids are to be made in pounds sterling exclusive of any highways or public health; complied with their obligations under the contract and the balance applicable VAT. (e) rights, easements, quasi-easements, and wayleaves; of the price is unconditionally received in the seller’s conveyancer’s A3.2 We may refuse to accept a bid. We do not have to explain (f) outgoings and other liabilities; client account. why. (g) any interest which overrides, within the meaning of the Condition A3.3 If there is a dispute over bidding we are entitled to resolve Land Registration Act 2002; One of the auction conduct conditions or sales conditions. it, and our decision is final. (h) matters that ought to be disclosed by the searches and Contract A3.4 Unless stated otherwise each lot is subject to a reserve price enquiries a prudent buyer would make, whether or not the The contract by which the seller agrees to sell and the buyer agrees (which may be fixed just before the lot is offered for sale). If buyer has made them; and to buy the lot. no bid equals or exceeds that reserve price the lot will be (i) anything the seller does not and could not reasonably Contract date withdrawn from the auction. know about. The date of the auction or, if the lot is not sold at the auction: A3.5 Where there is a reserve price the seller may bid (or ask us G1.5 Where anything subject to which the lot is sold would expose (a) the date of the sale memorandum signed by both the seller and or another agent to bid on the seller’s behalf) up to the the seller to liability the buyer is to comply with it and buyer; or reserve price but may not make a bid equal to or exceeding indemnify the seller against that liability. (b) if contracts are exchanged, the date of exchange. If exchange is the reserve price. You accept that it is possible that all bids G1.6 The seller must notify the buyer of any notices, orders, not effected in person or by an irrevocable agreement to exchange up to the reserve price are bids made by or on behalf of the made by telephone, fax or electronic demands, proposals and requirements of any competent seller. authority of which it learns after the contract date but the mail the date of exchange is the date on which both parts have been A3.6 Where a guide price (or range of prices) is given that guide signed and posted or otherwise placed beyond normal retrieval. buyer must comply with them and keep the seller is the minimum price at which, or range of prices within indemnified. Documents which, the seller might be prepared to sell at the date of the Documents of title (including, if title is registered, the entries on the G1.7 The lot does not include any tenant’s or trade fixtures or guide price. But guide prices may change. The last published fittings. register and the title plan) and other documents listed or referred guide price will normally be at or above any reserve price, to in the special conditions relating to the lot. G1.8 Where chattels are included in the lot the buyer takes them but not always – as the seller may fix the final reserve price as they are at completion and the seller is not liable if they Financial charge just before bidding commences A charge to secure a loan or other financial indebtness (not including are not fit for use. a rentcharge). A4 THE PARTICULARS AND OTHER INFORMATION G1.9 The buyer buys with full knowledge of: General conditions A4.1 We have taken reasonable care to prepare particulars that (a) the documents, whether or not the buyer has read them; That part of the sale conditions so headed, including any extra correctly describe each lot. The particulars are based on and COMMON AUCTION CONDITIONS (EDITION 3) REPRODUCED WITH THE CONSENT OF THE RICS

(b) the physical condition of the lot and what could G4.4 The transfer is to have effect as if expressly subject to all G10.2 Subject to condition G11 the seller is not obliged to apportion reasonably be discovered on inspection of it, whether or matters subject to which the lot is sold under the contract. or account for any sum at completion unless the seller has not the buyer has inspected it. G4.5 The seller does not have to produce, nor may the buyer object received that sum in cleared funds. The seller must pay to the G1.10 The buyer is not to rely on the information contained in the to or make a requisition in relation to, any prior or superior buyer after completion any sum to which the buyer is entitled particulars but may rely on the seller’s conveyancer’s written title even if it is referred to in the documents. that the seller subsequently receives in cleared funds. replies to preliminary enquiries to the extent stated in those G4.6 The seller (and, if relevant, the buyer) must produce to each G10.3 Income and outgoings are to be apportioned at actual replies. other such confirmation of, or evidence of, their identity and completion date unless: G2. DEPOSIT that of their mortgagees and attorneys (if any) as is necessary (a) the buyer is liable to pay interest; and G2.1 The amount of the deposit is the greater of: for the other to be able to comply with applicable Land (b) the seller has given notice to the buyer at any time up to Registry Rules when making application for registration of the completion requiring apportionment on the date from (a) any minimum deposit stated in the auction conduct transaction to which the conditions apply. which interest becomes payable by the buyer; conditions (or the total price, if this is less than that minimum); and G5. TRANSFER in which event income and outgoings are to be apportioned on the date from which interest becomes payable by the (b) 10% of the price (exclusive of any VAT on the price). G5.1 Unless a form of transfer is prescribed by the special buyer. G2.2 The deposit conditions: G10.4 Apportionments are to be calculated on the basis that: (a) must be paid in pounds sterling by cheque or banker’s (a) the buyer must supply a draft transfer to the seller at least (a) the seller receives income and is liable for outgoings for draft drawn on an approved financial institution (or by any ten business days before the agreed completion date and the whole of the day on which apportionment is to be other means of payment that the auctioneers may the engrossment (signed as a deed by the buyer if made; accept); and condition G5.2 applies) five business days before that date (b) annual income and expenditure accrues at an equal daily (b) is to be held as stakeholder unless the auction conduct or (if later) two business days after the draft has been rate assuming 365 days in a year, and income and conditions provide that it is to be held as agent for the approved by the seller; and expenditure relating to some other period accrues at an seller. (b) the seller must approve or revise the draft transfer within equal daily rate during the period to which it relates; and G2.3 Where the auctioneers hold the deposit as stakeholder they five business days of receiving it from the buyer. (c) where the amount to be apportioned is not known at are authorised to release it (and interest on it if applicable) to G5.2 If the seller remains liable in any respect in relation to the lot completion apportionment is to be made by reference to the seller on completion or, if completion does not take place, (or a tenancy) following completion the buyer is specifically a reasonable estimate and further payment is to be made to the person entitled to it under the sale conditions. to covenant in the transfer to indemnify the seller against that liability. by seller or buyer as appropriate within five business days G2.4 If a cheque for all or part of the deposit is not cleared on first of the date when the amount is known. presentation the seller may treat the contract as at an end G5.3 The seller cannot be required to transfer the lot to anyone and bring a claim against the buyer for breach of contract. other than the buyer, or by more than one transfer. G11. ARREARS G2.5 Interest earned on the deposit belongs to the seller unless the G6. COMPLETION Part 1 Current rent sale conditions provide otherwise. G6.1 Completion is to take place at the offices of the seller’s G11.1 “Current rent” means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and G3. BETWEEN CONTRACT AND COMPLETION conveyancer, or where the seller may reasonably require, on other sums payable by the tenant in advance on the most G3.1 Unless the special conditions state otherwise, the seller is to the agreed completion date. The seller can only be required to complete on a business day and between the hours of 0930 recent rent payment date on or within four months preceding insure the lot from and including the contract date to completion. completion and: and 1700. G11.2 If on completion there are any arrears of current rent the (a) produce to the buyer on request all relevant insurance G6.2 The amount payable on completion is the balance of the price adjusted to take account of apportionments plus (if buyer must pay them, whether or not details of those arrears details; are given in the special conditions. (b) pay the premiums when due; applicable) VAT and interest. G6.3 Payment is to be made in pounds sterling and only by: G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of (c) if the buyer so requests, and pays any additional premium, current rent. (a) direct transfer to the seller’s conveyancer’s client account; use reasonable endeavours to increase the sum insured or Part 2 Buyer to pay for arrears make other changes to the policy; and (b) the release of any deposit held by a stakeholder. G11.4 Part 2 of this condition G11 applies where the special (d) at the request of the buyer use reasonable endeavours to conditions give details of arrears. have the buyer’s interest noted on the policy if it does not G6.4 Unless the seller and the buyer otherwise agree, completion G11.5 The buyer is on completion to pay, in addition to any other cover a contracting purchaser; cannot take place until both have complied with their obligations under the contract and the balance of the price is money then due, an amount equal to all arrears of which (e) unless otherwise agreed, cancel the insurance at details are set out in the special conditions. completion, apply for a refund of premium and (subject unconditionally received in the seller’s conveyancer’s client account. G11.6 If those arrears are not old arrears the seller is to assign to the to the rights of any tenant or other third party) pay that buyer all rights that the seller has to recover those arrears. refund to the buyer; and G6.5 If completion takes place after 1400 hours for a reason other Part 3 Buyer not to pay for arrears (f) (subject to the rights of any tenant or other third party) than the seller’s default it is to be treated, for the purposes of hold on trust for the buyer any insurance payments that apportionment and calculating interest, as if it had taken G11.7 Part 3 of this condition G11 applies where the special the seller receives in respect of loss or damage arising place on the next business day. conditions: after the contract date or assign to the buyer the benefit G6.6 Where applicable the contract remains in force following (a) so state; or of any claim; completion. (b) give no details of any arrears. and the buyer must on completion reimburse to the seller the G11.8 While any arrears due to the seller remain unpaid the buyer G7. NOTICE TO COMPLETE must: cost of that insurance (to the extent not already paid by the G7.1 The seller or the buyer may on or after the agreed completion buyer or a tenant or other third party) for the period from and (a) try to collect them in the ordinary course of management date but before completion give the other notice to complete but need not take legal proceedings or forfeit the tenancy; including the contract date to completion. within ten business days (excluding the date on which the G3.2 No damage to or destruction of the lot nor any deterioration notice is given) making time of the essence. (b) pay them to the seller within five business days of receipt in its condition, however caused, entitles the buyer to any in cleared funds (plus interest at the interest rate G7.2 The person giving the notice must be ready to complete. calculated on a daily basis for each subsequent day’s delay reduction in price, or to delay completion, or to refuse to G7.3 If the buyer fails to comply with a notice to complete the seller complete. in payment); may, without affecting any other remedy the seller has: (c) on request, at the cost of the seller, assign to the seller or G3.3 Section 47 of the Law of Property Act 1925 does not apply. (a) terminate the contract; G3.4 Unless the buyer is already lawfully in occupation of the lot as the seller may direct the right to demand and sue for (b) claim the deposit and any interest on it if held by a old arrears, such assignment to be in such form as the the buyer has no right to enter into occupation prior to stakeholder; completion. seller’s conveyancer may reasonably require; (c) forfeit the deposit and any interest on it; (d) if reasonably required, allow the seller’s conveyancer to G4. TITLE AND IDENTITY (d) resell the lot; and have on loan the counterpart of any tenancy against an G4.1 Unless condition G4.2 applies, the buyer accepts the title of (e) claim damages from the buyer. undertaking to hold it to the buyer’s order; the seller to the lot as at the contract date and may raise no G7.4 If the seller fails to comply with a notice to complete the buyer (e) not without the consent of the seller release any tenant requisition or objection except in relation to any matter that may, without affecting any other remedy the buyer has: or surety from liability to pay arrears or accept a surrender occurs after the contract date. (a) terminate the contract; and of or forfeit any tenancy under which arrears are due; and G4.2 If any of the documents is not made available before the (b) recover the deposit and any interest on it from the seller (f) if the buyer disposes of the lot prior to recovery of all auction the following provisions apply: or, if applicable, a stakeholder. arrears obtain from the buyer’s successor in title a (a) The buyer may raise no requisition on or objection to any covenant in favour of the seller in similar form to part 3 of G8. IF THE CONTRACT IS BROUGHT TO AN END of the documents that is made available before the this condition G11. If the contract is lawfully brought to an end: auction. G11.9 Where the seller has the right to recover arrears it must not (b) If the lot is registered land the seller is to give to the buyer (a) the buyer must return all papers to the seller and appoints without the buyer’s written consent bring insolvency within five business days of the contract date an official the seller its agent to cancel any registration of the proceedings against a tenant or seek the removal of goods copy of the entries on the register and title plan and, contract; and from the lot. where noted on the register, of all documents subject to (b) the seller must return the deposit and any interest on it which the lot is being sold. to the buyer (and the buyer may claim it from the G12. MANAGEMENT (c) If the lot is not registered land the seller is to give to the stakeholder, if applicable) unless the seller is entitled to G12.1 This condition G12 applies where the lot is sold subject to buyer within five business days an abstract or epitome of forfeit the deposit under condition G7.3. tenancies. G12.2 The seller is to manage the lot in accordance with its standard title starting from the root of title mentioned in the special G9. LANDLORD’S LICENCE conditions (or, if none is mentioned, a good root of title management policies pending completion. G9.1 Where the lot is or includes leasehold land and licence to G12.3 The seller must consult the buyer on all management issues more than fifteen years old) and must produce to the assign is required this condition G9 applies. buyer the original or an examined copy of every relevant that would affect the buyer after completion (such as, but not G9.2 The contract is conditional on that licence being obtained, by document. limited to, an application for licence; a rent review; a variation, way of formal licence if that is what the landlord lawfully surrender, agreement to surrender or proposed forfeiture of (d) If title is in the course of registration, title is to consist of requires. certified copies of: a tenancy; or a new tenancy or agreement to grant a new G9.3 The agreed completion date is not to be earlier than the date (i) the application for registration of title made to the tenancy) and: five business days after the seller has given notice to the buyer (a) the seller must comply with the buyer’s reasonable land registry; that licence has been obtained. (ii) the documents accompanying that application; requirements unless to do so would (but for the indemnity G9.4 The seller must: in paragraph (c)) expose the seller to a liability that the (iii) evidence that all applicable stamp duty land tax (a) use all reasonable endeavours to obtain the licence at the relating to that application has been paid; and seller would not otherwise have, in which case the seller seller’s expense; and may act reasonably in such a way as to avoid that liability; (iv) a letter under which the seller or its conveyancer (b) enter into any authorised guarantee agreement properly (b) if the seller gives the buyer notice of the seller’s intended agrees to use all reasonable endeavours to answer required. any requisitions raised by the land registry and to act and the buyer does not object within five business days G9.5 The buyer must: instruct the land registry to send the completed giving reasons for the objection the seller may act as the registration documents to the buyer. (a) promptly provide references and other relevant seller intends; and information; and (e) The buyer has no right to object to or make requisitions (c) the buyer is to indemnify the seller against all loss or on any title information more than seven business days (b) comply with the landlord’s lawful requirements. liability the seller incurs through acting as the buyer after that information has been given to the buyer. G9.6 If within three months of the contract date (or such longer requires, or by reason of delay caused by the buyer. G4.3 Unless otherwise stated in the special conditions the seller period as the seller and buyer agree) the licence has not been G13. RENT DEPOSITS sells with full title guarantee except that (and the transfer obtained the seller or the buyer may (if not then in breach of G13.1 This condition G13 applies where the seller is holding or shall so provide): any obligation under this condition G9) by notice to the other otherwise entitled to money by way of rent deposit in respect terminate the contract at any time before licence is obtained. (a) the covenant set out in section 3 of the Law of Property of a tenancy. In this condition G13 “rent deposit deed” means That termination is without prejudice to the claims of either (Miscellaneous Provisions) Act 1994 shall not extend to the deed or other document under which the rent deposit is matters recorded in registers open to public inspection; seller or buyer for breach of this condition G9. held. these are to be treated as within the actual knowledge of G10. INTEREST AND APPORTIONMENTS G13.2 If the rent deposit is not assignable the seller must on the buyer; and G10.1 If the actual completion date is after the agreed completion completion hold the rent deposit on trust for the buyer and, (b) the covenant set out in section 4 of the Law of Property date for any reason other than the seller’s default the buyer subject to the terms of the rent deposit deed, comply at the (Miscellaneous Provisions) Act 1994 shall not extend to must pay interest at the interest rate on the price (less any cost of the buyer with the buyer’s lawful instructions. any condition or tenant’s obligation relating to the state deposit paid) from the agreed completion date up to and G13.3 Otherwise the seller must on completion pay and assign its or condition of the lot where the lot is leasehold property. including the actual completion date. interest in the rent deposit to the buyer under an assignment COMMON AUCTION CONDITIONS (EDITION 3) REPRODUCED WITH THE CONSENT OF THE RICS

in which the buyer covenants with the seller to: G19.5 Where relevant: interest recovered from the tenant that relates to the seller’s (a) observe and perform the seller’s covenants and conditions (a) the documents must include certified copies of those period of ownership within five business days of receipt of in the rent deposit deed and indemnify the seller in respect under which the practitioner is appointed, the document cleared funds. of any breach; of appointment and the practitioner’s acceptance of G23.7 If a rent review is agreed or determined before completion but (b) give notice of assignment to the tenant; and appointment; and the increased rent and any interest recoverable from the (c) give such direct covenant to the tenant as may be required (b) the seller may require the transfer to be by the lender tenant has not been received by completion the increased rent by the rent deposit deed. exercising its power of sale under the Law of Property Act and any interest recoverable is to be treated as arrears. 1925. G14. VAT G23.8 The seller and the buyer are to bear their own costs in relation G19.6 The buyer understands this condition G19 and agrees that it to rent review negotiations and proceedings. G14.1 Where a sale condition requires money to be paid or other is fair in the circumstances of a sale by a practitioner. consideration to be given, the payer must also pay any VAT G24. TENANCY RENEWALS G20. TUPE that is chargeable on that money or consideration, but only if G24.1 This condition G24 applies where the tenant under a tenancy given a valid VAT invoice. G20.1 If the special conditions state “There are no employees to has the right to remain in occupation under part II of the G14.2 Where the special conditions state that no VAT option has which TUPE applies”, this is a warranty by the seller to this Landlord and Tenant Act 1954 (as amended) and references been made the seller confirms that none has been made by effect. to notices and proceedings are to notices and proceedings it or by any company in the same VAT group nor will be prior G20.2 If the special conditions do not state “There are no employees to completion. to which TUPE applies” the following paragraphs apply: under that Act. G24.2 Where practicable, without exposing the seller to liability or G15. TRANSFER AS A GOING CONCERN (a) The seller must notify the buyer of those employees whose contracts of employment will transfer to the buyer penalty, the seller must not without the written consent of G15.1 Where the special conditions so state: on completion (the “Transferring Employees”). This the buyer (which the buyer must not unreasonably withhold (a) the seller and the buyer intend, and will take all practicable notification must be given to the buyer not less than 14 or delay) serve or respond to any notice or begin or continue steps (short of an appeal) to procure, that the sale is days before completion. any proceedings. treated as a transfer of a going concern; and (b) The buyer confirms that it will comply with its obligations G24.3 If the seller receives a notice the seller must send a copy to (b) this condition G15 applies. under TUPE and any special conditions in respect of the the buyer within five business days and act as the buyer G15.2 The seller confirms that the seller Transferring Employees. reasonably directs in relation to it. (a) is registered for VAT, either in the seller’s name or as a (c) The buyer and the seller acknowledge that pursuant and G24.4 Following completion the buyer must: member of the same VAT group; and subject to TUPE, the contracts of employment between (a) with the co-operation of the seller take immediate steps (b) has (unless the sale is a standard-rated supply) made in the Transferring Employees and the seller will transfer to to substitute itself as a party to any proceedings; relation to the lot a VAT option that remains valid and will the buyer on completion. not be revoked before completion. (b) use all reasonable endeavours to conclude any (d) The buyer is to keep the seller indemnified against all proceedings or negotiations for the renewal of the tenancy G15.3 The buyer confirms that: liability for the Transferring Employees after completion. (a) it is registered for VAT, either in the buyer’s name or as a and the determination of any interim rent as soon as member of a VAT group; G21. ENVIRONMENTAL reasonably practicable at the best rent or rents reasonably (b) it has made, or will make before completion, a VAT option G21.1 This condition G21 only applies where the special conditions obtainable; and in relation to the lot and will not revoke it before or within so provide. (c) if any increased rent is recovered from the tenant three months after completion; G21.2 The seller has made available such reports as the seller has (whether as interim rent or under the renewed tenancy) (c) article 5(2B) of the Value Added Tax (Special Provisions) as to the environmental condition of the lot and has given account to the seller for the part of that increase that Order 1995 does not apply to it; and the buyer the opportunity to carry out investigations (whether relates to the seller’s period of ownership of the lot within or not the buyer has read those reports or carried out any (d) it is not buying the lot as a nominee for another person. five business days of receipt of cleared funds. investigation) and the buyer admits that the price takes into G24.5 The seller and the buyer are to bear their own costs in relation G15.4 The buyer is to give to the seller as early as possible before account the environmental condition of the lot. the agreed completion date evidence: to the renewal of the tenancy and any proceedings relating G21.3 The buyer agrees to indemnify the seller in respect of all to this. (a) of the buyer’s VAT registration; liability for or resulting from the environmental condition of (b) that the buyer has made a VAT option; and the lot. G25. WARRANTIES (c) that the VAT option has been notified in writing to HM G25.1 Available warranties are listed in the special conditions. Revenue and Customs; and if it does not produce the G22. SERVICE CHARGE G25.2 Where a warranty is assignable the seller must: relevant evidence at least two business days before the G22.1 This condition G22 applies where the lot is sold subject to agreed completion date, condition G14.1 applies at tenancies that include service charge provisions. (a) on completion assign it to the buyer and give notice of completion. G22.2 No apportionment is to be made at completion in respect of assignment to the person who gave the warranty; and G15.5 The buyer confirms that after completion the buyer intends service charges. (b) apply for (and the seller and the buyer must use all to: G22.3 Within two months after completion the seller must provide reasonable endeavours to obtain) any consent to assign (a) retain and manage the lot for the buyer’s own benefit as to the buyer a detailed service charge account for the service that is required. If consent has not been obtained by a continuing business as a going concern subject to and charge year current on completion showing: completion the warranty must be assigned within five with the benefit of the tenancies; and (a) service charge expenditure attributable to each tenancy; business days after the consent has been obtained. (b) collect the rents payable under the tenancies and charge (b) payments on account of service charge received from each G25.3 If a warranty is not assignable the seller must after VAT on them tenant; completion: G15.6 If, after completion, it is found that the sale of the lot is not (c) any amounts due from a tenant that have not been (a) hold the warranty on trust for the buyer; and a transfer of a going concern then: received; (b) at the buyer’s cost comply with such of the lawful (a) the seller’s conveyancer is to notify the buyer’s (d) any service charge expenditure that is not attributable to instructions of the buyer in relation to the warranty as do conveyancer of that finding and provide a VAT invoice in any tenancy and is for that reason irrecoverable. not place the seller in breach of its terms or expose the respect of the sale of the lot; G22.4 In respect of each tenancy, if the service charge account shows seller to any liability or penalty. (b) the buyer must within five business days of receipt of the that: VAT invoice pay to the seller the VAT due; and (a) payments on account (whether received or still then due G26. NO ASSIGNMENT (c) if VAT is payable because the buyer has not complied with from a tenant) exceed attributable service charge The buyer must not assign, mortgage or otherwise transfer this condition G15, the buyer must pay and indemnify the expenditure, the seller must pay to the buyer an amount or part with the whole or any part of the buyer’s interest under seller against all costs, interest, penalties or surcharges equal to the excess when it provides the service charge this contract. account; that the seller incurs as a result. G27. REGISTRATION AT THE LAND REGISTRY (b) attributable service charge expenditure exceeds payments G16. CAPITAL ALLOWANCES on account (whether those payments have been received G27.1 This condition G27.1 applies where the lot is leasehold and its G16.1 This condition G16 applies where the special conditions state or are still then due), the buyer must use all reasonable sale either triggers first registration or is a registrable that there are capital allowances available in respect of the endeavours to recover the shortfall from the tenant at the disposition. The buyer must at its own expense and as soon lot. next service charge reconciliation date and pay the as practicable: G16.2 The seller is promptly to supply to the buyer all information amount so recovered to the seller within five business days (a) procure that it becomes registered at Land Registry as reasonably required by the buyer in connection with the of receipt in cleared funds; proprietor of the lot; buyer’s claim for capital allowances. but in respect of payments on account that are still due from (b) procure that all rights granted and reserved by the lease G16.3 The value to be attributed to those items on which capital a tenant condition G11 (arrears) applies. under which the lot is held are properly noted against the allowances may be claimed is set out in the special conditions. G22.5 In respect of service charge expenditure that is not affected titles; and G16.4 The seller and buyer agree: attributable to any tenancy the seller must pay the (c) provide the seller with an official copy of the register (a) to make an election on completion under Section 198 of expenditure incurred in respect of the period before actual relating to such lease showing itself registered as the Capital Allowances Act 2001 to give effect to this completion date and the buyer must pay the expenditure proprietor. condition G16; and incurred in respect of the period after actual completion date. G27.2 This condition G27.2 applies where the lot comprises part of (b) to submit the value specified in the special conditions to Any necessary monetary adjustment is to be made within five a registered title. The buyer must at its own expense and as HM Revenue and Customs for the purposes of their business days of the seller providing the service charge respective capital allowance computations. account to the buyer. soon as practicable: (a) apply for registration of the transfer; G17. MAINTENANCE AGREEMENTS G22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure or a depreciation fund: (b) provide the seller with an official copy and title plan for G17.1 The seller agrees to use reasonable endeavours to transfer to the buyer’s new title; and the buyer, at the buyer’s cost, the benefit of the maintenance (a) the seller must pay it (including any interest earned on it) agreements specified in the special conditions. to the buyer on completion; and (c) join in any representations the seller may properly make G17.2 The buyer must assume, and indemnify the seller in respect (b) the buyer must covenant with the seller to hold it in to Land Registry relating to the application. of, all liability under such contracts from the actual accordance with the terms of the tenancies and to G28. NOTICES AND OTHER COMMUNICATIONS indemnify the seller if it does not do so. completion date. G28.1 All communications, including notices, must be in writing. G18. LANDLORD AND TENANT ACT 1987 G23. RENT REVIEWS Communication to or by the seller or the buyer may be given G18.1 This condition G18 applies where the sale is a relevant disposal G23.1 This condition G23 applies where the lot is sold subject to a to or by their conveyancers. for the purposes of part I of the Landlord and Tenant Act tenancy under which a rent review due on or before the actual G28.2 A communication may be relied on if: 1987. completion date has not been agreed or determined. (a) delivered by hand; or G18.2 The seller warrants that the seller has complied with sections G23.2 The seller may continue negotiations or rent review (b) made electronically and personally acknowledged proceedings up to the actual completion date but may not 5B and 7 of that Act and that the requisite majority of (automatic acknowledgement does not count); or qualifying tenants has not accepted the offer. agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, such (c) there is proof that it was sent to the address of the person G19. SALE BY PRACTITIONER consent not to be unreasonably withheld or delayed. to whom it is to be given (as specified in the sale G19.1 This condition G19 applies where the sale is by a practitioner G23.3 Following completion the buyer must complete rent review memorandum) by a postal service that offers normally to either as seller or as agent of the seller. negotiations or proceedings as soon as reasonably practicable deliver mail the next following business day. G19.2 The practitioner has been duly appointed and is empowered but may not agree the level of the revised rent without the G28.3 A communication is to be treated as received: to sell the lot. written consent of the seller, such consent not to be (a) when delivered, if delivered by hand; or G19.3 Neither the practitioner nor the firm or any member of the unreasonably withheld or delayed. (b) when personally acknowledged, if made electronically; firm to which the practitioner belongs has any personal G23.4 The seller must promptly: but if delivered or made after 1700 hours on a business day a liability in connection with the sale or the performance of the (a) give to the buyer full details of all rent review negotiations communication is to be treated as received on the next seller’s obligations. The transfer is to include a declaration and proceedings, including copies of all correspondence business day. excluding that personal liability. and other papers; and G28.4 A communication sent by a postal service that offers normally G19.4 The lot is sold: (b) use all reasonable endeavours to substitute the buyer for to deliver mail the next following business day will be treated (a) in its condition at completion; the seller in any rent review proceedings. as received on the second business day after it has been (b) for such title as the seller may have; and G23.5 The seller and the buyer are to keep each other informed of posted. (c) with no title guarantee; the progress of the rent review and have regard to any and the buyer has no right to terminate the contract or any proposals the other makes in relation to it. G29. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 other remedy if information provided about the lot is G23.6 When the rent review has been agreed or determined the No one is intended to have any benefit under the contract inaccurate, incomplete or missing. buyer must account to the seller for any increased rent and pursuant to the Contract (Rights of Third Parties) Act 1999. Going once... Auction dates:

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