Property Auction Catalogue Atalogue

LOCAL EXPERTISE | NATIONAL COVERAGE

PROPERTY AUCTION CATALOGUE

RDS WINN WA ER A 2 A 0 V 1 A 5 N day one, London •

P • R

O THURSDAy 10 DECEMBER 2015 at 2:00 pm E P Y E R E GROSVENOR HOUSE HOTEL, 86-90 PARK LANE, T H Y T F AU O LONDON W1K 7TN C E TION HOUS

day two, birmingham WEDNESDAy 16 DECEMBER 2015 at 11:00 am THE LEGENDS LOUNGE, BIRMINGHAM CITy FOOTBALL CLUB, ST ANDREW’S STADIUM, BIRMINGHAM B9 4NH

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NA_Cover_DEC 15.indd 3 17/11/2015 11:35 venue LoCations

Heathrow Express at Paddington Station grosvenor house hoteL birmingham City footbaLL CLub 3/4 mile 86-90 PARK LANE. LONDON W1K 7TN ST ANDREW’S STADIUM, BIRMINGHAM B9 4NH

E D G W A R E R O A D WATERY LANE WATERY

N E W B To M6 ROAD VENETIA

GARRISON LANE

O N D S T R E E T ST. ANDREW’S STREET

A45 TO DIGBETH HIGH STREET BIRMINGHAM CITY

FOOTBALL CLUB

ROAD TILTON

A4540 WATERY LANE WATERY A4540 G R E E N S T

COVENTRY ROAD CATTELL ROAD W O O D S M E W S

A45 SMALL HEATH HIGHWAY UPPER BROOK ST COVENTRY ROADTO NEC M42 (J6)

ARTHUR ROAD ARTHUR M1, M45 & M40

C U L R O S S S T HERBERT ROAD HERBERT UPPER GROSVENOR TE RT S APRK ST

A4540 HIGHGATE MIDDLEWAY

Grosvenor House Hotel is located in Birmingham City Football Club is located Central London’s elegant Mayfair district, on just outside the city centre and just off the world-famous Park Lane overlooking Hyde Park. A4540 Inner Circle ring road. This 5-star hotel was first opened in 1929. It was meticulously St Andrews Stadium has been the home of Birmingham restored to the highest standard before reopening as a JW Marriott City Football Club since 1906 and is a well-known Birmingham hotel in 2008, and retains many historic touches, including the original landmark. The Legends Lounge is a smart and comfortable Lutyens wrought-iron gates that lead into our elegant forecourt. venue and has been home to our auction saleroom since 2004. Directions Directions The hotel is approximately Midway between Marble Arch Birmingham City Football Club is located a mile and a & Hyde Park Corner. The main entrance, however is on Park half from Birmingham city centre and is easily accessible from Street (between upper Grosvenor Street and Mount Street) all major road routes and motorway networks. There is which runs parallel to Park Lane in a one way direction ample free parking in the club’s car park right outside the towards Oxford Street. main entrance. nearest tube station: nearest train stations: Marble Arch Birmingham New Street / Birmingham Moor Street www.marriott.co.uk www.bcfc.com

For more information on either auction date/venue, please contact us: t 020 7871 0420 | e [email protected] www.networkauctions.co.uk

NA_Cover_DEC 15.indd 4 17/11/2015 11:35 www.networkauctions.co.uk

ORDeR OF SALe: DAY One, LOnDOn

THURSDAY 10 DecembeR 2015 at 2:00 pm Grosvenor House Hotel, 86-90 Park lane, london W1k 7tn

LOT ADDReSS LOT ADDReSS LOT ADDReSS 1 f lat 3 aboyne, Waldron road, Harrow 11 Plot 6, maypole road, maldon, 21 115 Pattiswick square, basildon, on the Hill, middlesex, Ha1 3ln essex, cm9 4ta essex, ss14 2rd 2 19 souther cross, Good easter, 12 154a lancaster road, barnet, 22 7 lascelles Gardens, rochford, chelmsford, essex, cm1 4rX Hertfordshire, en4 8al essex, ss4 3bP 3 4a crayford Way, the Parade, 13 f lat 9, 82a Holloway road, 23 37 drew street, brixham, devon, crayford, dartford, kent, da1 4Ja london, n7 8JG tQ5 9la 4 11 finchley road, Westcliff-on-sea, 14 Plot 35, Granborough road, 24 Plot 11, lot a4b, Home farm, essex, ss0 8ad north marston, buckingham, Hulcote, towcester, northamptonshire, buckinghamshire, mk18 3Pa nn12 7bb 5 f lat 1, 1a Wellington square, Hastings, east sussex, tn34 1Pb 15 Plot 81, Hale street, east Peckham, 25 l and to the north of merrybook, tonbridge, kent, tn12 5Pd evesham, Worcestershire, Wr11 2Qf 6 f lat 5, 1a Wellington square, Hastings, east sussex, tn34 1Pb 16 f lat 1, 82a Holloway road, 26 14 Gordon road, Highcliffe, london, n7 8JG christchurch, dorset, bH23 5Hn 7 Garden flat, 4b Grosvenor road, Watford, Hertfordshire, Wd17 2Qt 17 139 meadgate avenue, chelmsford, 27 Plot 6, new inns lane, rednal, essex, cm2 7nH birmingham, West midlands, b45 9af 8 l and adjoining 93 clarendon road, luton, bedfordshire, lu2 7PJ 18 69 chapel lane, High Wycombe, 28 Plot 7, new inns lane, rednal, buckinghamshire, HP12 4bs birmingham, West midlands, b45 9af 9 r iver Parrett inn, 11 salmon Parade, bridgwater, somerset, ta6 5an 19 t he victoria, 56 middlesbrough road, 29 56 friern Park, finchley, london, middlesbrough, cleveland, ts6 6lZ n12 9dP 10 Plot 13, maypole road, maldon, essex, cm9 4ta 20 34 luscombe road, Paignton, devon, tQ3 3XW

ORDeR OF SALe: DAY TWO, bIRmInGHAm

WeDneSDAY 16 DecembeR 2015 at 11:00 am birminGHam city football club, st andreW’s stadium, birminGHam b9 4nH

LOT ADDReSS LOT ADDReSS LOT ADDReSS 30 61 daisy street, bilston, 39 401a Warwick road, tyseley, 47 92 baltimore road, birmingham, Wolverhampton, Wv14 8QQ birmingham, West midlands, b11 2Jr Great barr, b42 1Qn 31 68 charnwood close, rubery, 40 401b Warwick road, tyseley, 48 49 Gordon street, coventry, birmingham, b45 0JZ birmingham, West midlands, b11 2Jr West midlands, cv1 3et 32 9 church street, bromsgrove, 41 405a Warwick road, tyseley, 49 25 & 26 bridge street, Worcestershire, b61 8dd birmingham, West midlands, b11 2Jr stourport-on-severn, Worcestershire, dy13 8ur 33 42 & 48 Pennine road, bromsgrove, 42 409a Warwick road, tyseley, Worcestershire, b61 0te birmingham, West midlands, b11 2Jr 50 25 bridge street, stourport-on-severn, 34 116 & 118 Pennine road, bromsgrove, 43 90-92 & 94-96 Worcester road Worcestershire, dy13 8ur Worcestershire, b61 0tn and 10 oxford road, malvern, Worcestershire, Wr14 1ny 51 26 bridge street, 35 54, 64 & 66 Pennine road, stourport-on-severn, bromsgrove, Worcestershire, b61 0te 44 39 longmore road, shirley, solihull, Worcestershire, dy13 8ur West midlands, b90 3dZ 36 78, 82 & 132 Pennine road, bromsgrove, Worcestershire, b61 0tG 45 10 Whitmore avenue, Werrington, stoke-on-trent, staffordshire, st9 0lW 37 1 Johns lane, tividale, oldbury, West midlands, b69 3HX 46 141 lordswood road, birmingham, Harborne, b17 9bl 38 l and adjacent to 87 addison road, birmingham, kings Heath, b14 7en

1 ImPORTAnT nOTeS FOR AUcTIOn bIDDeRS

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

Deposit: shown as a range of prices above which the Administration charge: at auction the fall of the gavel creates a reserve price will not be set, or as a single an administration charge of £750 + vat binding contract and we, as auctioneers, figure within 10% of which the reserve price will applies to each lot. this is paid by the buyer immediately require a deposit of 10% of the be set. both the guide price and reserve price in the saleroom immediately after the lot purchase price (subject to a minimum of can be subject to change at any time prior to has been ‘knocked down’. in the event of £2,500). this deposit can be paid by cheque, the auction commencing. non-payment of the administration charge a banker’s draft or debit card. Payments by a reserve price is the minimum price at which deduction of £750 + vat will be made from the credit card or cash cannot be accepted the seller allows the auctioneers to sell the lot buyer’s deposit and this will need to be ‘made up’ by the buyer prior to completion. Telephone, Proxy and Internet bidding: at. it remains confidential between the seller We are pleased to be able to offer remote and the auctioneers. Legal Documents & Additional costs: bidding to anyone who is unable to attend Particulars of Sale: it is essential that bidders check the legal the saleroom. remote bidding can be by documents prior to bidding and take bidders should check the particulars relating to telephone, proxy and at our london saleroom professional advice. special conditions of sale any lot for which they intend to bid and ensure by internet. Please download and complete can contain additional costs (that is costs over that they are satisfied with the accuracy of all the remote bidding form that is available on and above the price that the lot is ‘knocked measurements, areas, details, leases and other our website. Please note this form must be down’ at) and bidders are deemed to be matters referred to in the particulars of the lot delivered to our office no later than twenty aware of any additional costs prior to bidding. or the conditions of sale and all other matters four hours prior to the auction and must be subject to which the properties are sold or accompanied by identification documents, Rents, Information Regarding Tenants & have the benefit of. bidders should check that the 10% deposit and the auctioneers’ Price estimates: any contents, fixtures or fittings described as administration fee. any estimates provided by the auctioneers included in the sale and are the property of the regarding the price at which a property may Prior Sales & Withdrawn Lots: seller. this should be done by inspecting the be sold cannot be accepted by a buyer as Prospective buyers should contact us prior to property and by making the necessary enquiries advice or any form of valuation. any estimates the auction to confirm whether a lot has been with the auctioneers, the seller or the sellers’ or suggestions given by the auctioneers sold or withdrawn. We and our clients shall not solicitors. bidders should make all necessary regarding current or future rental prices must be responsible for any losses or abortive costs searches and enquiries of appropriate bodies not be relied upon as a valuation, but merely incurred by prospective buyers against lots including local authorities and service providers. as estimates for guidance purpose only. that are withdrawn or sold prior to the auction. all measurements and areas referred to in the particulars are approximate. bidders will Addendum & Auctioneer’s Definition of ‘Guide Price’ & be considered to have inspected the relevant Announcements: ‘Reserve Price’: property and have made all necessary and amendments to the catalogue particulars a guide price is an indication of the seller’s appropriate enquiries and searches. or conditions of sale (addendum) will be current minimum acceptable sale price. the displayed in the saleroom and will be read by guide price, or range of guide prices, is given Sale of Property & completion: the auctioneer at the commencement of the to assist interested parties in deciding whether bidders should note that a legally enforceable auction. addendum form part of the contract or not to pursue their interest. it is usual, but contract of sale of the relevant property on the of sale and the addendum sheet may have to not always the case, that a provisional reserve terms set out in these notices and the general be signed by the buyer. bidders are deemed price is set by the seller prior to the catalogue and special conditions of sale is created to be aware of any addendum and any other being published. as the reserve price may not as soon as it has been ‘knocked down’ to announcements made by the auctioneer, be fixed at this stage, and can be adjusted by the bidder by the auctioneer. completion is and bid subject to these. it is important the seller at any time prior to auction, a guide required twenty working days after the auction therefore to arrive at the saleroom prior to the price is published. this guide price can be date, unless specified otherwise. commencement of the auction.

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

Internet Viewing - Additional Auction Service - Internet Viewing

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

The Essential Information Group Ltd Tel: 0870 112 30 40

2 www.networkauctions.co.uk

IDenTIFIcATIOn DOcUmenTS

Important Notice Money Laundering Regulations 2003 came into effect on the 1st March 2004. as a requirement under this legislation, Identity Documents evidence of Address any person buying or bidding at auction, • Current signed Passport • Local Authority tax bill (current year) must produce documentation to • A utility bill issued within the last confirm their name and residential • Current full UK Photo Card 3 months address. Please find below a schedule driving licence of acceptable documentation. • Current full UK Driving Licence • Current full UK Driving Licence (old version) (Provisional driving (old version) (Provisional driving you must provide one document licence will not be accepted) from each list. licence will not be accepted) • Bank Building Society or Credit Please note that a driving licence can be • Resident Permit issued by the Home union statement office to eu nationals used as evidence for one or the other • Most recent original mortgage but not botH. • Inland Revenue Tax Notification statement from a uk lender • Firearms Certificate

PRe-AUcTIOn OFFeRS

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

cATALOGUe mAILInG LIST

Printed Catalogues Email Printed catalogues are available for each auction. We charge £15.00 plus vat email subscribers receive every for a 12 month subscription, catalogues are sent by first class post. catalogue, notification of changes to price guides and details of properties To join the mailing list please complete the attached form and return it to us with your cheque for £18.00 made payable to network Auctions Ltd. that may be available prior to or outside auction. this service is free of charge, register at Title (mr / mrs / ms) ...... www.networkauctions.co.uk

First name ...... Website a Pdf of the catalogue can be downloaded in full from the network Surname ...... auctions website approximately 3 weeks prior to the auction. this service is free of charge. Address ......

......

Tel no...... 133 the Parade, Watford, mobile ...... Hertfordshire Wd17 1na

3 LOT HARROW ON THE HILL GUIDE PRICE: 1 FLAT 3 ABOYNE, WALDRON ROAD, MIDDLESEX, HA1 3LN £310,000+

By order of the executor An 2 double bedroom/2 bathroom conversion flat within an attractive building, vacant. Description/Location: Situated just a short walk from Harrow on the Hill's High Street and Harrow train station (0.6miles). A spacious second floor 2 double bedroom flat (721 sq/ft, source EPC) with en-suite bathroom to the main bedroom as well as a separate bathroom. The property also benefits from a share of freehold and a parking space to the rear. Accommodation: Second Floor: Entrance hall, large living room with open plan kitchen, bedroom with en-suite bathroom, 2nd bedroom, bathroom. Outside: Parking space to the rear. Energy Rating : D/62. Tenure: Share of freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Harrow Council 020 8863 5611 www.harrow.gov.uk

4 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT CHELMSFORD GUIDE PRICE: 2 19 SOUTHER CROSS, GOOD EASTER, ESSEX, CM1 4RX £200,000 - £210,000

A 2 bedroom freehold house requiring refurbishment, vacant. Description/Location: The property is situated in a sought after village and provides attractive views across farmland to the rear. The house would benefit from refurbishment and provides potential for extension subject to the usual consents. Accommodation: Ground Floor; Entrance hall and cloakroom / wc, living room, kitchen. First Floor: Landing, 2 double bedrooms, bathroom. Outside: Front garden and parking, rear garden 110ft. Energy Rating: D/61 Tenure: Freehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk

5 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT DARTFORD GUIDE PRICE: 4A CRAYFORD WAY, THE PARADE, CRAYFORD, KENT, DA1 4JA £50,000+ Current Rental Value: £4200 pa 3 rising to £4750 from 25/12/2016

A freehold commercial investment (approximately 400 sq ft built area, source - lease plan) comprising a single storey retail unit and forecourt, development potential, let producing £4200 pa. Description/Location: Ideally situated in a predominantly residential location close to the town centre and Crayford Station (zone 6, 0.4 miles). St Paulinas School and Haberdasher Aske's Academy are nearby. Let to Allergy UK (the seller advises they have been in occupation since 1996 and that the lease is contracted out of the Landlord & Tenant Act 1954 ) for 5 years from 25/12/2014 at a current rent of £4400 pa rising to £4750 pa from 25/12/2016. The property has potential for alternative commercial use and residential development subject to the usual consents. Accommodation: Ground Floor: Trade area, kitchen and staff area, cloakroom / wc. Outside: Forecourt. Energy Rating: EPC commissioned Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: London Borough of Bexley 01322 524682 www.bexley.gov.uk Auctioneers Note: on the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay £1200 including VAT to the auctioneer as a contribution towards the sellers costs.

6 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT GUIDE PRICE: WESTCLIFF-ON-SEA £135,000+ 4 11 FINCHLEY ROAD, ESSEX, SS0 8AD Potential rental : £9,000 pa

A 2 bedroom ground floor flat situated in a popular residential location, vacant Description/Location: The property is situated in a residential road in Westcliff on Sea, approximately 0.3 miles from Westcliff railway station and would make an excellent rental investment, we estimate the current rental value is 750 pcm. The property is fitted with gas heating via radiators and double glazing. Accommodation: Ground floor: Entrance hall, lounge, kitchen, 2 bedrooms, bathroom. Tenure: Leasehold for 99 years from 1984 - approximately 68 years remaining. To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Southend on Sea Borough Council 01702 215000 www.southend.gov.uk

7 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT HASTINGS GUIDE PRICE: FLAT 1, 1A WELLINGTON SQUARE, EAST SUSSEX, £40,000 - £45,000 TN34 1PB Current Rental Value: £3960 pa 5 Estimated Rental Value: £4800 pa A well presented, ground floor studio flat let on an AST. Description/Location: Ideally situated close to the town centre and seafront, Hastings Station 0.3 miles. The flat is currently let on an AST producing £330 pcm, we believe there is scope to increase the rent in line with market rates to £400 pcm. Accommodation: Ground Floor: Communal entrance, dual aspect living room, kitchen area, shower room. Energy Rating: G/13 Tenure: Leasehold: New 99 year lease from completion. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Hastings Borough Council 01424 781066 www.hastings.gov.uk

LOT HASTINGS GUIDE PRICE: FLAT 5, 1A WELLINGTON SQUARE, EAST SUSSEX, £35,000 - £40,000 6 TN34 1PB Estimated Rental Value: £4800 pa. Ideal for investment or occupation, a second floor studio flat with sea views, vacant. Description/Location: The flat is situated in an attractive building close to the town centre and sea front and benefits from sea views. Accommodation: Second Floor: Communal entrance, front door to hallway, living room, kitchenette and shower area, non-self contained wc. Energy Rating: F/30 Tenure: Leasehold - new 99 year lease from completion. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Hastings Borough Council 01424 781066 www.hastings.gov.uk

8 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WATFORD GUIDE PRICE: GARDEN FLAT, 4B GROSVENOR ROAD, HERTFORDSHIRE, £185,000+ 7 WD17 2QT

A ground floor maisonette (share of freehold) with cellar and private garden requiring refurbishment, development potential, vacant. Description/Location: Ideally situated in a sought after residential location between the town centre and Junction Station with potential to create additional accommodation utilising the cellar. Accommodation: Ground Floor: Front door to entrance hall, living room with stairs down to cellar (window and 6ft+ ceiling height), kitchen, bathroom, double bedroom with door to private garden. Outside: Private garden to the rear. Tenure: Shared freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Watford Borough Council 01923 226400 www.watford.gov.uk

9 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LUTON GUIDE PRICE: LAND ADJOINING 93 CLARENDON ROAD, BEDFORDSHIRE, £49,000+ 8 LU2 7PJ

A freehold site of 0.05 acres with lapsed planning consent for the erection of a 2 bedroom detached bungalow, vacant. Description/Location: The property is situated in a sought after residential location just off Old Bedford Road, Luton station 0.4 miles. Planning was granted by Luton Borough Council Ref: 10/00039/FUL on 01/04/2010 and lapsed in 2013 with access across land facing Wenslydale which is not included in this title. We believe there is an opportunity to reinstate or upgrade the planning consent utilising the accessway leading into Clarendon Road across which the land has the benefit of a right of way. Accommodation: Proposed Accomodation: Entrance hall, living room and kitchen, 2 bedrooms, bathroom, gardens and parking. Tenure: Freehold, vacant. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Luton Borough Council Telephone: 01582 546000 | www.luton.gov.uk

10 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BRIDGWATER GUIDE PRICE: 9 RIVER PARRETT INN, 11 SALMON PARADE, SOMERSET, TA6 5AN £175,000+

A vacant freehold public house Description/Location: The property is situated close to the town centre and comprises a ground floor pub with living accommodation above and an enclosed beer garden and single storey skittle alley to the rear. Accommodation: Ground Floor Public bar with server, pool room, kitchen, beer cellar, male & female w.c.'s, skittle alley. Living Accommodation A ground floor lobby provides access to the kitchen and staircase to first floor landing which has been previously used as a kitchenette. Access to living room, 2 double bedrooms, bathroom. Outside Beer garden to the rear. Energy Rating : D/100 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Sedgmoor District Council 01278 435435 www.sedgmoor.gov.uk VAT IS APPLICABLE TO THIS LOT

11 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOCAL EXPERTISE | NATIONAL COVERAGE

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30 020 7871 0420 | [email protected] LOT MALDON GUIDE PRICE: 10 PLOT 13, MAYPOLE ROAD, ESSEX, CM9 4TA NONo ReserveRESERVE

By order of the executors A freehold parcel of land (0.15 acres / 6546 sq ft, source title plan), vacant. Description/Location: The land is situated near to Maypole Road between Heybridge and Wycombe Bishops, speculative future development potential subject to planning. Tenure: Freehold with vacant possession Enquiries: Please contact Network Auctions on 020 7871 0420 Local Authority: Maldon District Council 01621 854477 maldon district council On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

LOT MALDON GUIDE PRICE: 11 PLOT 6, MAYPOLE ROAD, ESSEX, CM9 4TA NONo ReserveRESERVE

By order of the executors A freehold parcel of land (0.09 acres / 4038 sq ft), vacant. Description/Location: The land is situated near to Maypole Road between Heybridge and Wycombe Bishops, speculative future development potential subject to planning. Tenure: Freehold with vacant possession Enquiries: Please contact Network Auctions on 020 7871 0420 Local Authority: Maldon District Council 01621 854477 maldon district council On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

13 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BARNET GUIDE PRICE: 154A LANCASTER ROAD, HERTFORDSHIRE, EN4 8AL £225,000+ 12 Estimated Rental Value: £15,000 pa

A 2 bedroom first floor flat that has been completely refurbished, ideal for occupation or rental investment, vacant. Description/Location: The property is situated in a popular residential location at the junction of Lancaster Road and Longmore Avenue, Cockfosters tube 1 mile, New Barnet station 0.4 miles. Features include wooden floors, gas heating via radiators and double glazed windows. We estimate the current rental value is £1250 pcm. Accommodation: First Floor: Entrance hall, sitting room, kitchen, bathroom, 2 bedrooms. Tenure: Leasehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: London Borough of Barnet 020 8359 2000 www.barnet.gov.uk

14 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LONDON GUIDE PRICE: FLAT 9, 82A HOLLOWAY ROAD, N7 8JG £140,000+ 13 Current Rental Value: £6000 pa A top floor studio flat, let on an AST producing £6000 pa. Description/Location: The property is situated in central London close to the exclusive shops and restaurants of Highbury and Islington, London Metropolitan University is within 0.2 miles, Highbury & Islington tube 0.3 miles. The flat is currently let on an AST (now periodic) producing £500 pcm, we estimate the current rental value is £800 pcm. Accommodation: A top floor studio apartment comprising, studio room, kitchen, bathroom. Tenure: Leasehold To View: Please contact Fairview International Network Auctions on 0203 011 0177 Local Authority: Islington council 020 7527 2000 www.islington.gov.uk

LOT BUCKINGHAM GUIDE PRICE: PLOT 35, GRANBOROUGH ROAD, NORTH MARSTON, NONo ReserveRESERVE 14 BUCKINGHAMSHIRE, MK18 3PA A freehold parcel of land (0.065 acres / 2864 sq ft, source title plan), vacant. Description/Location: The land is situated to the east of residential dwellings at Elmers Meadow with potential for storage / agricultural use and a speculative opportunity for future development subject to planning. Tenure: Freehold, vacant possession. Enquiries: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Aylesbury Vale District Council 01296 585858 www.aylesburyvaledc.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

15 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT TONBRIDGE GUIDE PRICE: 15 PLOT 81, HALE STREET, EAST PECKHAM, KENT, TN12 5PD NONo ReserveRESERVE A freehold parcel of land (0.069 acres / 3015 sq ft, source title plan), vacant. Description/Location: The land is situated to the north of Whitebine Gardens and Henham Gardens and south of Hale Street. Potential for storage and agricultural uses and speculative future development potential subject to planning. Tenure: Freehold, vacant possession. Enquiries: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Tonbridge & Malling District Council 01732 844522 www.tmbc.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

LOT LONDON GUIDE PRICE: FLAT 1, 82A HOLLOWAY ROAD, N7 8JG £295,000+ 16 Estimated Rental Value: £15,000 pa A 1 bedroom first floor flat situated in a central location, ideal for occupation or rental investment, vacant. Description/Location: The property is situated in central London close to the exclusive shops and restaurants of Highbury and Islington, London Metropolitan University is within 0.2 miles, Highbury & Islington tube 0.3 miles. We estimate the current rental value is £1250 pcm. Accommodation: First Floor: Entrance hall, sitting room, kitchen and utility room, bedroom, bathroom. Energy Rating: D/69 Tenure: Leasehold for 122 years from 14/05/2015. To View: Please contact Fairview International Network Auctions on 0203 011 0177 Local Authority: Islington council 020 7527 2000 www.islington.gov.uk

16 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT CHELMSFORD GUIDE PRICE: 139 MEADGATE AVENUE, ESSEX, CM2 7NH £115,000+ 17 Estimated Rental Value: £7200 pa

A 1 bedroom purpose built ground floor flat (516 sq ft, source EPC) requiring refurbishment, vacant. Description/Location: The property is situated in a popular residential location, Chelmsford Station 1.2 miles. The flat provides UPVC double glazing and gas heating via radiators but will benefit from cosmetic refurbishment. An ideal first time buy or rental investment. Accommodation: Ground Floor: Hall, living room, kitchen, double bedroom, lobby, bathroom and separate wc. Outside: Communal gardens. Energy Rating: C/70 Tenure: Leasehold: 125 years from 1989, ground rent £150 pa. To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk

17 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT HIGH WYCOMBE GUIDE PRICE: 18 69 CHAPEL LANE, BUCKINGHAMSHIRE, HP12 4BS £305,000+

3 Bedroom detached house requiring modernisation. Vacant. Description/Location: Situated to the west of High Wycombe's town centre, a 3 bedroom detached house requiring modernisation, with a large rear garden (total grounds of approx. 0.14 acres). The property would be suitable for extension to the rear or potential redevelopment subject to planning. Accommodation: Ground Floor Entrance hall, living room, dining room, kitchen. First Floor 3 bedrooms. Outside Large rear garden. Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Wycombe District Council 01494 461000 www.wycombe.gov.uk

18 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT MIDDLESBROUGH GUIDE PRICE: THE VICTORIA, 56 MIDDLESBROUGH ROAD, CLEVELAND, £45,000+ 19 TS6 6LZ

A vacant freehold public house (4284 sq ft source EPC) with planning permission to convert to 10 flats Description/Location: A 3 storey detached former public house available with vacant possession. Planning permission was passed by Redcar & Cleveland Borough Council on January 26th 2015 (Planning Ref No. R/2014/0667/FFM) for conversion of the existing building to 5 x 2 bedroom flats & 5 x 1 bedroom flats. Accommodation: Existing Accommodation Comprising ground, first and second floors. Proposed Accommodation Ground Floor: 3 x 2 bedroom flats, ground floor level of Flat 4, (a 2 bedroom flat with accommodation on ground & first floors). First Floor: 1 x 2 bedroom flat, 2 x 1 bedroom flat, first floor accommodation for Flat 4. Second Floor 3 x 1 bedroom flats. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Redcar and Cleveland Borough Council 01642 774774 www.redcar-cleveland.gov.uk

19 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT PAIGNTON GUIDE PRICE: 20 34 LUSCOMBE ROAD, DEVON, TQ3 3XW £225,000+

A 3-4 bedroom detached bungalow occupying a generous plot with 2 driveways and an adjoining garage. Offering versatile accommodation and the scope to extend subject to planning, vacant. Description/Location: Well planned and spacious accommodation with double glazing and central heating. Located just off the A380 providing good access to Plymouth and Exeter with Paignton town centre approx. 1 mile. Accommodation: Ground floor: Entrance hall, cloakroom, lounge, kitchen, dining area, 3 bedrooms, utility/bedroom 4, bathroom. Outside: A good level frontage with 2 driveways allowing space for caravan/boat, one of which leads to an attached garage with inspection pit. The rear garden is mainly laid to lawn.

Tenure: Freehold with vacant possession. To View: Please contact Taylors Estate Agents on 01803 663561 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk

20 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT GUIDE PRICE: BASILDON £75,000 - £80,000 21 115 PATTISWICK SQUARE, ESSEX, SS14 2RD Estimated Rental Value: £7,200 pa.

A ground floor studio flat, ideal buy to let investment, vacant Description/Location: A ground floor, purpose built studio flat located in the popular residential area of Fryens with double glazing and gas central heating. We estimate the current rental value is £600 pcm. Accommodation: Ground floor: : Entrance hall, living/bedroom area, kitchen, bathroom, communal gardens. Tenure: Leasehold : 125 year lease from October 2004 at a ground rent of £10 per annum. To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Basildon Council 01268 294949 www.basildon.gov.uk Auctioneers Note: On the fall of the gavel and in addition to their deposit the buyer will pay to the auctioneer the sum of £600 including VAT by way of contribution towards the sellers auction costs.

21 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT ROCHFORD GUIDE PRICE: 22 7 LASCELLES GARDENS, ESSEX, SS4 3BP £200,000 - £210,000

A 2 bedroom detached bungalow in need of modernisation, development potential, vacant. Description/Location: The property is situated in a popular residential area with a 60ft south facing garden, off street parking and carport. Convenient for local amenities and being approx. 1.4 miles from Rochford Mainline station. The property provides scope to extend subject to the usual planning conditions. Accommodation: Ground floor: Entrance hall, lounge/diner, two bedrooms, kitchen, shower room, sun room. Outside: South backing garden, front garden, car port, off street parking.

Tenure: Freehold with vacant possession To View: Please contact Tudor Network Auctions on 01702 346818 Local Authority: Rochford District Council 01702 546366 www.rochford.gov.uk

22 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BRIXHAM GUIDE PRICE: 23 37 DREW STREET, DEVON, TQ5 9LA Refer

A freehold building requiring refurbishment and repair. Description/Location: Situated in a residential area with strong demand for rental accommodation. We are advised that the side elevation was let as an advertising hoarding at £40 per week. Tenure: Freehold To View: Please contact Charles Darrow on 01626 330022

23 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT TOWCESTER GUIDE PRICE: PLOT 11, LOT A4B, HOME FARM, HULCOTE, NONo ReserveRESERVE 24 NORTHAMPTONSHIRE, NN12 7BB A freehold parcel of land (0.05 acres / 2239 sq ft, source - title plan), vacant. Description/Location: The land is situated east of the A43 and opposite the junction with Northampton Road. Potential for storage and agricultural type uses with speculative potential for future development subject to planning. Tenure: Freehold - vacant possession. Enquiries: Please contact Elliott Network Auctions on 01923 240420 Local Authority: South Northamptonshire Council 01327 322322 www.southnorthants.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

LOT EVESHAM GUIDE PRICE: LAND TO THE NORTH OF MERRYBOOK, WORCESTERSHIRE, NONo ReserveRESERVE 25 WR11 2QF Freehold Land of approx 0.8 acres (coloured yellow on the plan). Description/Location: Freehold land of approx. 0.8 acres situated to the north of Merrybrook, Evendene Road and Highfield Road adjacent to existing urban development. Evesham is a market town roughly equidistant between Worcester, Cheltenham and Stratford- upon-Avon.

Tenure: Freehold Enquiries: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Worcestershire County Council 01905 763763 www.worcestershire.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

24 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE Secured loans Residential Nick Jones mortgages Tracey Bailey

Buy-to-let and commercial All mortgages together Irene Thomas now. Bridging ﬁ n a n c e Chris Baguley

If you liked us as Auction Finance, Auction you’re going to love us as Together. fi n a n c e As a group, we’ve been lending for over 40 years and we’re able Scott Hendry to help with bridging fi nance, residential mortgages, secured loans, commercial and buy-to-let mortgages. There’s a new name and still the same expert knowledge available in person at auctions up and down the country. Good property doesn’t hang around, so neither will we when it comes to securing your funding. People, not computers make our lending decisions. It’s just common sense. For fast, fl exible auction fi nance call the auction team on 0161 933 7155 For other products visit togethermoney.com

For professional use only. Together is a trading style of Auction Finance Limited. Auction Finance Limited is registered in England and Wales - Company Registration Number 04949929. Registered o ce address: Lake View, Lakeside, Cheadle, Cheshire SK8 3GW. LOT CHRISTCHURCH GUIDE PRICE: 26 14 GORDON ROAD, HIGHCLIFFE, DORSET, BH23 5HN £350,000 - £380,000

By order of the executors A freehold detached bungalow requiring refurbishment occupying a site of 0.4 acres, development potential, vacant. Description/Location: The property is situated in the centre of Highcliffe with easy access to the cliff top and beach, Hinton Admiral station 1 mile. The site provides potential for development and the opportunity to create more dwellings subject to planning. Accommodation: Ground Floor: Entrance hall, living room, kitchen and utility room, 3 bedrooms, bathroom. Outside: The property is set back from the road with extensive gardens and several outbuildings. Tenure: Freehold To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Christchurch Borough Council 01305 251000 www.dorsetforyou.gov.uk

26 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: PLOT 6, NEW INNS LANE, REDNAL, WEST MIDLANDS, NONo ReserveRESERVE 27 B45 9AF A freehold site of 0.21 acres / 9422 sq ft), vacant. Description/Location: The land is situated between Gunner Lane and New Inns Lane, speculative future development potential subject to planning. Tenure: Freehold, vacant. Enquiries: Please contact Network Auctions on 020 7871 0420 Local Authority: Birmingham City Council 0121 303 1111 www.birmingham.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

LOT BIRMINGHAM GUIDE PRICE: PLOT 7, NEW INNS LANE, REDNAL, WEST MIDLANDS, NONo ReserveRESERVE 28 B45 9AF A freehold parcel of land (0.13 acres / 5330 sq ft), vacant. Description/Location: The land is situated between Gunner Lane and New Inns Lane, speculative future development potential subject to planning. Enquiries: Please contact Network Auctions on 020 7871 0420 Local Authority: Birmingham City Council 0121 303 1111 www.birmingham.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

27 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LONDON GUIDE PRICE: 56 FRIERN PARK, FINCHLEY, N12 9DP £350,000+ 29 Current Rental Value: £14,400 pa

A well presented 2 bedroom, ground floor maisonette (646 sq ft, source EPC) with private gardens and off street parking, let on an AST producing £14,400 pa. Description/Location: Situated in a sought after residential location, Woodside Park underground station 0.6 miles, West Finchley 0.8 miles. The property is let on an AST for 3 years from 07/09/2013 at a rent of £1200 pcm and provides gas heating via radiators, double glazing and a modern fitted kitchen and bathroom. There are gardens to the front and rear with a secure parking space to the rear with electric gates proving access to Northwood Gardens. Accommodation: Ground Floor: Front door to entrance hall, living room, kitchen, 2 double bedrooms, bathroom. Outside: Private gardens to the front and rear, parking to the rear with electric gate access. Energy Rating: D/67 Tenure: Leasehold - 218 years from 29/09/1958 To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: London Borough of Barnet 020 8359 2000 www.barnet.gov.uk

28 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SOUTHAMPTON GUIDE PRICE: 38 LINCOLN COURT, HAMPSHIRE, SO15 7PY £120,000+ 29A Estimated Rental Value: £9600 pa

By order of the mortgagees in possession. A 2 bedroom first floor flat (678 sq ft, source EPC) requiring refurbishment with a garage to the rear, vacant. Description/Location: The property is situated in the sought after Upper Shirley area and opposite Southampton Common open space, the University of Southampton Campuses at Highfield and Avenue and University Hospital are nearby. Accommodation: First Floor: Front door to entrance hall, living room, kitchen, 2 bedrooms, bathroom. Outside: Garden, garage to the rear. Energy Rating: D/58 Tenure: Leasehold for 999 years from 01/07/1974 To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Southampton City Council 023 8083 3000 www.southampton.gov.uk

29 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE DAY TWO: BIRMINGHAM WEDNESDAY 16 DECEMBER 2015 at 11:00 am

the legends lounge, birmingham city football club, st andrew’s stadium, birmingham b9 4nh

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

LOT BILSTON GUIDE PRICE: 30 61 DAISY STREET, WOLVERHAMPTON, WV14 8QQ £45/50,000

Freehold Three Bedroom Semi Detached House Status: Vacant Possession. Location: The property is situated on Daisy Street opposite its junction with Fieldview Close.

The property is around 0.6 of a mile from Coseley Railway Station and around 1.4 miles south of Bilston town centre and the Black Country Route. Description: The property is a traditionally styled semi detached house in a well established residential area.

The property benefits from gas radiator central heating and double glazing and is in need of some repair.

There is a driveway to the front offering off-road parking space. Accommodation: Ground Floor: Fully enclosed porch, entrance hall, front reception room, dining kitchen. First Floor: Landing, three bedrooms, bathroom. Outside: The front garden provides parking space and there is a good size rear garden with a paved patio. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

31 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: 31 68 CHARNWOOD CLOSE, RUBERY, B45 0JZ £90,000

A 3 Bedroom Town House - Freehold Status: Vacant Possession. Location: Charnwood Close is a cul-de-sac off Holly Hill Road which can be approached from Frogmill Road.

The property is around 1.5 miles from Northfield town centre and occupies a pleasant position on Birmingham's south western fringe. Description: 68 Charnwood Close is a mid town house residence offering both gas radiator central heating and double glazing.

The property would be an excellent letting investment and the auctioneers estimate its rental value is around £600 per month (£7,200 per annum).

Accommodation: Ground Floor: Entrance hall, lounge, breakfast kitchen (with patio doors to rear garden). First Floor: Landing, 3 bedrooms, bathroom with shower. Gardens: There are lawned gardens to both front and rear. Parking: There are parking bays in Charnwood Close. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

32 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BROMSGROVE GUIDE PRICE: 32 9 CHURCH STREET, WORCESTERSHIRE, B61 8DD £100/110,000

Freehold Commercial/Residential Investment Location: The property is within the pedestrian shopping area of Bromsgrove town centre between Crown Close and High Street.

There are extensive parking facilities close to the town centre, including at Asda which is around two minutes' walk. Description: The property is a prominently positioned three storey freehold building that comprises a retail shop to the ground floor and a self contained flat to both the first floor and second floor.

The shop is let to Cheque Centres Ltd on a ten year lease from 4th April 2012 at a rent of £12,000 per annum. The lease provides for a rent review on 4th April 2017 and there is a 'break clause' in the tenant's favour on 4th April 2017 (subject to the tenant serving notice six months prior). The rent is demanded monthly and paid reliably.

The first floor flat is known as Flat 1, 9 Church Street and the second floor flat is known as Flat 2, 9 Church Street. Flat 1 is subject to a lease for a term of 85 years from 14/11/1980 and Flat 2 is subject to a lease for a term of 85 years from 1/1/1980 at ground rents of £25 per annum.

The unexpired terms of the leases are therefore around 50 years for Flat 1 and around 49 years for Flat 2. The two lessees have the right to extend their leases by 90 years subject to payment of a suitable premium to the freeholder.

Total income is currently £12,050 per annum. Tenure: Freehold. Completion:

© Crown copyright and database rights 2015 OS 100047514 Completion is required twenty working days after exchange of contracts. 33 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BROMSGROVE GUIDE PRICE: 33 42 & 48 PENNINE ROAD, WORCESTERSHIRE, B61 0TE £6,000

Freehold Ground Rent Investment - Parcel of 2 Location: Pennine Road is around a mile north of Bromsgrove town centre and lies off Stourbridge Road (B4091). Description: Two freehold ground rent investments secured on mid town houses.

The upper photograph is house number 48 and the lower is house number 42.

The buyer's administration fee for this lot is reduced to £250 plus vat. Tenure: Freehold - subject to leases for a term of 99 years from 25th March 1973.

The unexpired terms are approximately 56 years.

The current ground rents are £52.50 per annum, rising to £70 per annum in 2039.

The ground rent management of these properties is currently undertaken by Pennycuick Collins and the rent accounts are all up to date. Completion: Completion is required twenty working days after exchange of contracts.

LOT BROMSGROVE GUIDE PRICE: 34 116 & 118 PENNINE ROAD, WORCESTERSHIRE, B61 0TN £6,000

The photograph is house number 118 and the map relates to lot numbers 41 to 44.

The buyer's administration fee for this lot is reduced to £250 plus vat. Tenure: Freehold - subject to leases for a term of 99 years from 25th March 1973.

The unexpired terms are approximately 56 years.

The current ground rents are £52.50 per annum, rising to £70 per annum in 2039.

34 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BROMSGROVE GUIDE PRICE: 35 54, 64 & 66 PENNINE ROAD, WORCESTERSHIRE, B61 0TE £9,450

Freehold Ground Rent Investment - Parcel of 3 Location: Pennine Road is around a mile north of Bromsgrove town centre and lies off Stourbridge Road (B4091). Description: Three freehold ground rent investments secured on end town houses.

The upper photograph is house number 54 and the lower is house number 64.

The buyer's administration fee for this lot is reduced to £375 plus vat. Tenure: Freehold - subject to leases for a term of 99 years from 25th March 1973.

The unexpired terms are approximately 56 years.

The current ground rents are £52.50 per annum, rising to £70 per annum in 2039.

LOT BROMSGROVE GUIDE PRICE: 36 78, 82 & 132 PENNINE ROAD, WORCESTERSHIRE, B61 0TG £10,500

The upper photograph is house number 132 and the lower is house number 78.

The buyer's administration fee for this lot is reduced to £375 plus vat. Tenure: Freehold - subject to leases for a term of 99 years from 25th March 1973.

The unexpired terms are approximately 56 years.

The current ground rents are £52.50 per annum, rising to £70 per annum in 2039.

35 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT OLDBURY GUIDE PRICE: 37 1 JOHNS LANE, TIVIDALE, WEST MIDLANDS, B69 3HX £350,000+

Four Storey Office Building on 3 Acre Site Status: Vacant Possession - FREEHOLD. Location: The property occupies a prominent position at the junction of Tipton Road (A457) and Johns Lane, around 2.6 miles from M5 junction2 and 8 miles west of Birmingham city centre. Description: The property is known as THE STONES BUILDING and forms a purpose built four storey office building with approximately 23,000 sq.ft (2,139 sq.m) 'net internal area' of space.

The accommodation offers flexible space consisting of various size offices and rooms with ample kitchen and wc facilities. The ground, first and second floor are each around 7,000 sq.ft and the second floor is around 1,500 sq.ft.

The site is around 3.025 acres, provides extensive parking and storage facilities and fronts the busy Tipton Road.

The site is fully fenced and there are several gated access points.

EPC rating - D/100.

The site may be suitable for redevelopment subject to the necessary planning consents.

This lot is subject to VAT. Completion: Completion is required twenty working days after exchange of contracts.

36 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT OLDBURY GUIDE PRICE: 37 1 JOHNS LANE, TIVIDALE, WEST MIDLANDS, B69 3HX £350,000+

37 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE SPECIALIST INSURANCE FOR PROPERTY PEOPLE

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Freehold Land Site with Development Potential Status: Vacant Possession. Location: The land is situated on Addison Road close to its junction with Goldsmith Road and to the right hand side of house number 87.

Addison Road lies directly off Kings Heath High Street. Description: The property is a piece of freehold land between house number 87 and Goldsmith Road.

The site is level, 'regularly shaped' and has direct road frontage to Addison Road.

The frontage to Addison Road is approximately 30 feet (9.1 meters) and the overall site has an area of approximately 360 square yards (300 square meters).

The site has significant potential for development, subject to obtaining the necessary planning permission. Interested parties should direct planning related enquiries to Birmingham City Council's Planning Department (0121-303-1115).

Interested parties can self-view the site from the roadside. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

39 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: 39 401A WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR £46/50,000

First Floor Flat let on an AST - 113 year lease Location: The flat forms part of a purpose built block facing Warwick Road from the front and facing Weston Lane to the rear. Description: A first floor flat let on an Assured Shorthold Tenancy at £375 per month (£4,500 per annum).

The letting commenced on 14/6/2013 and the rent account is well conducted. The letting is managed by Nicholas George Letting Agents based in Moseley.

In addition there is a garage that is let separately at £30 per month (£360 per annum).

Total rental income is £4,860 per annum.

Accommodation: The block has a gated approach off Weston Lane leading to a mainly lawned communal garden with drying area.

The flat offers an entrance hall, lounge, kitchen, one double bedroom and bathroom with shower. Tenure: The property is leasehold for a term of 125 years from 25/3/2004 at a ground rent of £50 per half year.

The unexpired term is approximately 113 years. Completion: Completion is required twenty working days after exchange of contracts.

40 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: 40 401B WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR £46/50,000

Second Floor Flat let on an AST: 113 year lease Location: The flat forms part of a purpose built block facing Warwick Road from the front and facing Weston Lane to the rear. Description: A second floor flat let on an Assured Shorthold Tenancy at £375 per month (£4,500 per annum).

The letting commenced on 24/8/2015 and the rent account is well conducted. The letting is managed by Nicholas George Letting Agents based in Moseley.

There is a garage, fronting Weston Lane, that is included in the lease but that is not included in the AST letting. This garage could be let separately to generate additional rental income and the Auctioneers' estimate that the rental value is around £10 per week (£520 per annum). Alternatively the garage could be sold individually to generate a capital sum. Accommodation: The block has a gated approach off Weston Lane leading to a mainly lawned communal garden with drying area.

The unexpired term is approximately 113 years. Completion: Completion is required twenty working days after exchange of contracts. © Crown copyright and database rights 2015 OS 100047514

41 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: 41 405A WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR £46/50,000

The letting commenced on 22/6/2012 and the rent account is well conducted. The letting is managed by Nicholas George Letting Agents based in Moseley.

The unexpired term is approximately 113 years. Completion: Completion is required twenty working days after exchange of contracts. © Crown copyright and database rights 2015 OS 100047514

42 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: 42 409A WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR £56/60,000

The letting commenced on 30/8/2013 and the rent account is well conducted. The letting is managed by Nicholas George Letting Agents based in Moseley.

The flat offers an entrance hall, lounge, kitchen, two bedrooms and bathroom with shower. Tenure: The property is leasehold for a term of 125 years from 25/3/2004 at a ground rent of £50 per half year.

The unexpired term is approximately 113 years. Completion: Completion is required twenty working days after exchange of contracts. © Crown copyright and database rights 2015 OS 100047514

43 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT MALVERN GUIDE PRICE: 90-92 & 94-96 WORCESTER ROAD AND 10 OXFORD ROAD, £350,000 - £375,000 43 WORCESTERSHIRE, WR14 1NY Current Rental Value: £55,800 pa.

A freehold and part leasehold investment comprising a restaurant and 4 flats, let producing £55,800 pa. Description: Forming part of a retail parade, the restaurant fronts Worcester Road with a self contained flat above, the three other flats are situated in the block to the rear facing Oxford Road. The restaurant is undergoing a programme of refurbishment and improvement by the tenant. The leasehold title comprises the lower ground floor and basement at 94 & 96 Worcester Road for a term of 99 years from 10/06/1999 at a fixed ground rent of £1 pa. On the plan edged red the area shaded pink is lower ground floor only, the area shaded blue is lower ground floor and basement only.

Floor/No. Present Accommodation Lease Terms Current Next Lessee Rent Review/Reversion Ground & Individual Ground Floor Restaurant 6 years from 15.01.2014 £30,000 £30,000 pa Basement Lower Ground Floor Restaurant Rent review on the 3rd anniversary pa 90-92 & Lower Bar, Kitchen, Store FR &I Ground Basement Cellarage & WCs (1) The lease provides a rolling break option & Basement from the 2nd anniversary of the lease 94-96 subject to 6 months' written notice First & Second Individual First and Second Floor flat comprising 12 Month AST from 01.04.2014 £12,000 Holding over 6 rooms, kitchen, bathroom with pa Floors 90/92 separate WC 10 Oxford Individual First Floor flat comprising 2 rooms, 12 month AST from 10.12.2013 £4,800 pa Holding over Road kitchen and bathroom 10A Oxford Individual Second Floor flat comprising 2 rooms, 12 month AST from 01.12.2012 £4,500 pa Holding over Road kitchen and bathroom 10B Oxford Individual Third Floor flat comprising 3 rooms, 12 month AST from 01.08.2015 £4,800 pa Holding over Road kitchen and bathroom £56,100 pa To View: Please contact Elliott Network Auctions on 020 7871 0420

44 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT MALVERN GUIDE PRICE: 90-92 & 94-96 WORCESTER ROAD AND 10 OXFORD ROAD, £350,000 - £375,000 43 WORCESTERSHIRE, WR14 1NY Current Rental Value: £55,800 pa.

45 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE Phone: 0330 088 1973 Web: www.secureemptyproperty.com Email: [email protected]

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Ask for a ‘No obligation’ Risk Assesment Today - It’s FREE 1. Call 0330 088 1973 and give your assigned Risk Assesment Expert the Property Postcode and number. 2. They will view your property and surrounding area using Google Maps and risk assess your property with you. 3. They will then give you a ‘Guaranteed - No Over Secure’ price. 4. If you are happy - we will conduct an ‘on site’ survey and can even protect your property the same day! Do you know just how many opportunities you may be giving your insurance company NOT to pay out on a claim? We GUARANTEE our risk assesments and our knowledge of legislation and compliance requirments are insurance approved. • Nationwide Service • Insurance Compliance Guarantee • Full Range Of 20+ Services • Fully Accredited • Flexible Pricing • Fast Response £7 per day is based on a typical end terrace property situated in the North West UK LOT SOLIHULL GUIDE PRICE: 44 39 LONGMORE ROAD, SHIRLEY, WEST MIDLANDS, B90 3DZ £260,000+

Traditional Semi Detached House - Freehold Status: Residential Investment - the property is let on an Assured Shorthold Tenancy at a rent of £775 per month (£9,300 per annum). Location: Longmore Road lies off Stratford Road (A34) and is well served by local shopping, schooling and transport services. Solihull town centre is a little over two miles to the east. Description: The property is a traditional semi detached house offering centrally heated and double glazed accommodation. The house has been considerably extended and has a side garage.

Longmore Road falls within a highly regarded area, within Solihull Borough, around seven miles south of Birmingham city centre. Accommodation: Ground Floor: Fully enclosed porch, entrance hall (with guests' cloaks off), front reception room, rear reception room, extended open plan area including kitchen, dining area and study. First Floor: Landing, 3 bedrooms, bathroom with shower cubicle. Front Garden: There is a front garden with driveway leading to a side garage. Rear Garden: There is a good size garden with paved patio, lawn and dining area. Tenure: Freehold.

47 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT STOKE-ON-TRENT GUIDE PRICE: 10 WHITMORE AVENUE, WERRINGTON, STAFFORDSHIRE, £110,000 - £120,000 45 ST9 0LW

A 3 bedroom freehold detached house located in the popular area of Werrington Status: Vacant Possession. Location: Whitmore Avenue cab be approached from the A52 Ash Bank Road via Washerwall Lane and Cotehill Road. The A520 & A50 are easily accessible. Description: A modern detached house situated in a popular area close to Werrington Primary School and with easy access to Hanley & Leek. Accommodation: Ground Floor: Porch, hall, shower room, sitting room, dining room, kitchen, study. First Floor: 3 bedrooms, bathroom. Outside: Front and rear gardens with driveway parking. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts. Viewing/Enquiries Please contact Goodchilds Network Auctions on 01782 206713.Joint Auctioneers

48 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT HARBORNE GUIDE PRICE: 46 141 LORDSWOOD ROAD, BIRMINGHAM, B17 9BL £4,000

Freehold Ground Rent Investment Description: A freehold ground rent investment secured on an end town house residence.

The property is situated on Lordswood Road close to its junction with Carless Avenue in what is a very popular and highly regarded suburb of Birmingham. Tenure: Freehold - subject to a lease for a term of 99 years from 29/9/1972.

The unexpired term is approximately 56 years.

The annual ground rent is £75.

The ground rent management of these properties is currently undertaken by Pennycuick Collins and the rent accounts are all up to date.

The buyer's administration fee is reduced to £250 plus vat.

All enquiries should be directed to the auctioneers at 0121-456-1700. Completion: Completion is required twenty working days after exchange of contracts.

49 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT GREAT BARR GUIDE PRICE: 47 92 BALTIMORE ROAD, BIRMINGHAM, B42 1QN £75/80,000

A Freehold End Town House Residence Status: Vacant Possession. Location: Baltimore Road forms part of the highly popular Perry Hall Estate and lies off Rocky Lane which connects Walsall Road with Hamstead Hill.

Hamstead railway station and the shops at Hamstead 'Village' are within a few minutes walk. Description: The property is a traditional end town house which offers gas centrally heated and double glazed accommodation.

There is a garage at the rear.

The property is in need of some improvement. Accommodation: Ground Floor: Fully enclosed porch, hallway, through lounge, kitchen, veranda. First Floor: Landing, 2 double bedrooms, bathroom with shower. Gardens: There are gardens to both front and rear. Garage: There is a single garage to the rear approached from a driveway that runs to the rear. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

50 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT COVENTRY GUIDE PRICE: 48 49 GORDON STREET, WEST MIDLANDS, CV1 3ET £175,000

A High Yielding HMO - Freehold/Licenced Status: Residential Investment - the property is let on an Assured Shorthold Tenancy and has the benefit of an HMO licence (House in Multiple Occupation). The sale will include fixtures/furnishings/white goods. Location: The property is at the corner of Gordon Street and Bedford Street and occupies a highly convenient position off Albany Road around 0.4 of a mile from the A4053 - Coventry Ring Road. Description: 49 Gordon Street is a traditionally constructed three storey end of terrace house in an excellent position for letting purposes around one mile west of Coventry city centre and University and around three quarters of a mile from Coventry railway station.

The property is let on a single Assured Shorthold Tenancy at a rent of £1,500 per month - £18,000 per annum. The rent account is up to date and well conducted. Accommodation: The property has been refurbished and offers gas radiator central heating and double glazing throughout. It is fully furnished and equipped for student letting.

To the ground floor there is a hallway, lounge, bedroom, kitchen and shower room. To the first floor there are three bedrooms and to the second floor there is a fifth bedroom and bathroom with shower. There is a small rear garden. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of © Crown copyright and database rights 2015 OS 100047514 contracts.

51 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT STOURPORT-ON-SEVERN GUIDE PRICE: 49 25 & 26 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR £150,000 - £175,000

A pair of town centre mixed use freehold buildings arranged as ground floor retail promises (let) with residential upper parts (vacant) Status: FREEHOLD - Part let Description: Situated in the town centre in a prominent trading position. Each property comprises a ground floor retail unit with associated store area and a self contained split level flat above with independent rear access.

25 Bridge Street retail is let for 3 years from 05.06.2014 at a rent of £6,000 pa, the maisonette is vacant with an estimated rental value of £425 pcm. 26 Bridge Street retail is let for 6 years from 25.12.1987 at a rent of £6,000 pa, the maisonette is vacant (ERV £425 pcm). Accommodation: 25 Bridge Street Ground Floor: Retail area, store, staff wc, kitchen. Upper Floors: Bedroom, reception room, kitchen, bathroom/wc. 26 Bridge Street Ground Floor: Retail area, office, internal store. Upper Floors: 3 bedrooms, 2 reception rooms, kitchen, bathroom/wc. Completion: Auctioneers' Note: Network Auctions have not inspected the properties and all information shown is supplied by the seller. We are advised the upper floors require refurbishment. Joint Auctioneers

52 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT STOURPORT-ON-SEVERN GUIDE PRICE: 50 25 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR £75,000 - £87,500

A mixed use freehold building comprisng ground floor retail unit (let) and a split level self contained flat above (vacant) Status: Part let Description: Situated in the town centre. The ground floor is let for 3 years from 05/06/2014 at a rent of £6,000 pa, the first and second floors comprise a vacant self contained maisonette (ERV £425 pcm). Accommodation: Ground Floor: Retail area, store, staff wc, kitchen. First and Second Floors: Bedroom, reception room, kitchen, bathroom/wc. Tenure: Freehold Completion: 20 working days

Auctioneers Note: Network Auctions have not inspected the properties, information supplied by the seller, we are advised the upper floors require refurbishment. Viewing/Enquiries Joint Auctioneers

LOT STOURPORT-ON-SEVERN GUIDE PRICE: 51 26 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR £75,000 - £87,500

A mixed use freehold building comprising ground floor retail unit (let) and a 3 bedroom self contained flat above (vacant) Status: Part let Description: Situated in the town centre. The ground floor is let for 6 years from 25.12.1987 (holding over), the upper floors comprise a vacant, self contained maisonette (ERV £425 pcm). Accommodation: Ground Floor: Retail area, office, internal store. First and Second Floors: 3 Bedrooms, 2 reception rooms, kitchen, bathroom/wc. Tenure: Freehold Completion: 20 working days

Auctioneers Note: Network Auctions have not inspected the properties, information supplied by the seller, we are advised the upper floors require refurbishment. Viewing/Enquiries Joint Auctioneers

53 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE AGENTS OWNERS THE AUCTION TEAM INVESTORS

Toby Limbrick Stuart Tullah Guy Charrison Stuart Elliott Emma Brooks [email protected] [email protected] [email protected] [email protected] [email protected] NOW TAKING Penny Nichol Richard Worrall Sam Moxon Mark Limebear Mike Day [email protected] [email protected] [email protected] [email protected] [email protected] LOTS Energy

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Domestic EPCs For quotes contact us: from £40 +VAT 0207 871 0420 Commercial EPCs [email protected] from £95 +VAT LOCAL EXPERTISE | NATIONAL COVERAGE

54 www.networkauctions.co.uk AGENTS OWNERS INVESTORS

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55 COMMON AUCTION CONDITIONS

INTRODUCTION Buyer transfer” includes “to convey” or “to assign”). The Common Auction Conditions have been produced for The person who agrees to buy the lot or, if applicable, that TUPE real estate auctions in England and Wales to set a common person’s personal representatives: if two or more are jointly the The Transfer of Undertakings (Protection of Employment) standard across the industry. They are in three sections: buyer their obligations can be enforced against them jointly or Regulations 2006. Glossary against each of them separately. VAT The glossary gives special meanings to certain words used in Catalogue Value Added Tax or other tax of a similar nature. both sets of conditions. The catalogue to which the conditions refer including any VAT Option Auction Conduct Conditions supplement to it. An option to tax. The Auction Conduct Conditions govern the relationship Completion We (and us and our) between the auctioneer and anyone who has a catalogue, or Unless otherwise agreed between seller and buyer (or their The auctioneers. who attends or bids at the auction. They cannot be changed conveyancers) the occasion when both seller and buyer have You (and your) without the auctioneer’s agreement. complied with their obligations under the contract and the balance of the price is unconditionally received in the seller’s Someone who has a copy of the catalogue or who attends or We recommend that these conditions are set out in a two-part bids at the auction, whether or not a buyer. notice to bidders in the auction catalogue, part one containing conveyancer’s client account. AUCTION CONDUCT CONDITIONS advisory material – which auctioneers can tailor to their needs Condition A1 Introduction – and part two the auction conduct conditions. One of the auction conduct conditions or sales conditions. A1.1 Words in bold green type have special meanings, Contract Sale Conditions which are defined in the Glossary. The Sale Conditions govern the agreement between each The contract by which the seller agrees to sell and the buyer A1.2 The catalogue is issued only on the basis that you seller and buyer. They include general conditions of sale and agrees to buy the lot. accept these auction conduct conditions. They template forms of special conditions of sale, tenancy and Contract Date govern our relationship with you and cannot be arrears schedules and a sale memorandum. The date of the auction or, if the lot is not sold at the auction: disapplied or varied by the sale conditions (even by (a) the date of the sale memorandum signed by both the Important Notice a condition purporting to replace the whole of the seller and buyer; or A prudent buyer will, before bidding for a lot at an auction: Common Auction Conditions). They can be varied only • Take professional advice from a conveyancer and, in (b) if contracts are exchanged, the date of exchange. If if we agree. exchange is not effected in person or by an irrevocable appropriate cases, a chartered surveyor and an accountant; A2 Our role agreement to exchange made by telephone, fax or • Read the conditions; A2.1 As agents for each seller we have authority to: • Inspect the lot; electronic mail the date of exchange is the date on which both parts have been signed and posted or otherwise (a) prepare the catalogue from information supplied • Carry out usual searches and make usual enquiries; placed beyond normal retrieval. by or on behalf of each seller; • Check the content of all available leases and other Documents (b) offer each lot for sale; documents relating to the lot; Documents of title (including, if title is registered, the entries on (c) sell each lot; • Check that what is said about the lot in the catalogue is the register and the title plan) and other documents listed or (d) receive and hold deposits; accurate; referred to in the special conditions relating to the lot. (e) sign each sale memorandum; and • Have finance available for the deposit and purchase price; Financial Charge (f) treat a contract as repudiated if the buyer fails • Check whether VAT registration and election is advisable; A charge to secure a loan or other financial indebtedness (not to sign a sale memorandum or pay a deposit as The conditions assume that the buyer has acted like a including a rent charge). required by these auction conduct conditions. prudent buyer. General Conditions A2.2 Our decision on the conduct of the auction is final. If you choose to buy a lot without taking these normal That part of the sale conditions so headed, including any A2.3 We may cancel the auction, or alter the order in which precautions you do so at your own risk. extra general conditions. lots are offered for sale. We may also combine or GLOSSARY Interest Rate divide lots. A lot may be sold or withdrawn from sale This glossary applies to the auction conduct conditions and If not specified in thespecial conditions, 4% above the base prior to the auction. the sale conditions. rate from time to time of Barclays Bank plc. (The interest rate A2.4 You acknowledge that to the extent permitted by law Wherever it makes sense: will also apply to judgment debts, if applicable.) we owe you no duty of care and you have no claim • singular words can be read as plurals, and plurals as Lot against us for any loss. singular words; Each separate property described in the catalogue or (as the A3 Bidding and reserve prices • a “person” includes a corporate body; case may be) the property that the seller has agreed to sell A3.1 All bids are to be made in pounds sterling exclusive of • words of one gender include the other genders; and the buyer to buy (including chattels, if any). any applicable VAT. • references to legislation are to that legislation as it may Old Arrears A3.2 We may refuse to accept a bid. We do not have to Arrears due under any of the tenancies that are not “new have been modified or re-enacted by the date of the auction explain why. tenancies” as defined by the Landlord and Tenant (Covenants) or the contract date (as applicable); and A3.3 If there is a dispute over bidding we are entitled to Act 1995. • where the following words printed in bold black type appear resolve it, and our decision is final. Particulars in bold green type they have the specified meanings. A3.4 Unless stated otherwise each lot is subject to a reserve The section of the catalogue that contains descriptions of Actual Completion Date price (which may be fixed just before thelot is offered each lot (as varied by any addendum). The date when completion takes place or is treated as taking for sale). If no bid equals or exceeds that reserve price Practitioner place for the purposes of apportionment and calculating interest. the lot will be withdrawn from the auction. An insolvency practitioner for the purposes of the Insolvency Addendum A3.5 Where there is a reserve price the seller may bid (or Act 1986 (or, in relation to jurisdictions outside the United ask us or another agent to bid on the seller’s behalf) An amendment or addition to the conditions or to the Kingdom, any similar official). particulars or to both whether contained in a supplement to up to the reserve price but may not make a bid equal Price the catalogue, a written notice from the auctioneers or an to or exceeding the reserve price. You accept that it is The price that the buyer agrees to pay for the lot. oral announcement at the auction. possible that all bids up to the reserve price are bids Ready to Complete Agreed Completion Date made by or on behalf of the seller. Ready, willing and able to complete: if completion would Subject to condition G9.3: A3.6 Where a guide price (or range of prices) is given that enable the seller to discharge all financial charges secured (a) the date specified in thespecial conditions; or guide is the minimum price at which, or range of prices on the lot that have to be discharged by completion, then within which, the seller might be prepared to sell at the (b) if no date is specified, 20business days after the those outstanding financial charges do not prevent theseller date of the guide price. But guide prices may change. contract date; but if that date is not a business day the from being ready to complete. The last published guide price will normally be at or above first subsequentbusiness day. Sale Conditions any reserve price, but not always – as the seller may fix Approved Financial Institution The general conditions as varied by any special conditions the final reserve price just before bidding commences. Any bank or building society that has signed up to the Banking or addendum. A4 The particulars and other information Code or Business Banking Code or is otherwise acceptable to Sale Memorandum A4.1 We have taken reasonable care to prepare particulars the auctioneers. The form so headed (whether or not set out in the catalogue) that correctly describe each lot. The particulars are Arrears in which the terms of the contract for the sale of the lot are based on information supplied by or on behalf of the Arrears of rent and other sums due under the tenancies and recorded. seller. You need to check that the information in the still outstanding on the actual completion date. Seller particulars is correct. Arrears Schedule The person selling the lot. If two or more are jointly the seller A4.2 If the special conditions do not contain a description The arrears schedule (if any) forming part of the special their obligations can be enforced against them jointly or of the lot, or simply refer to the relevant lot number, conditions. against each of them separately. you take the risk that the description contained in Auction Special Conditions the particulars is incomplete or inaccurate, as the The auction advertised in the catalogue. Those of the sale conditions so headed that relate to the lot. particulars have not been prepared by a conveyancer Auction Conduct Conditions Tenancies and are not intended to form part of a legal contract. The conditions so headed, including any extra auction Tenancies, leases, licences to occupy and agreements for A4.3 The particulars and the sale conditions may change conduct conditions. lease and any documents varying or supplemental to them. prior to the auction and it is your responsibility to Auctioneers Tenancy Schedule check that you have the correct versions. The auctioneers at the auction. The tenancy schedule (if any) forming part of the special A4.4 If we provide information, or a copy of a document, Business Day conditions. provided by others we do so only on the basis that we Any day except (a) a Saturday or a Sunday; (b) a bank holiday Transfer are not responsible for the accuracy of that information in England and Wales; or (c) Good Friday or Christmas Day. Transfer includes a conveyance or assignment (and “to or document.

56 www.networkauctions.co.uk

A5 The contract G1.6 The seller must notify the buyer of any notices, to the buyer within fivebusiness days of the A5.1 A successful bid is one we accept as such (normally orders, demands, proposals and requirements of contract date an official copy of the entries on on the fall of the hammer). This condition A5 applies any competent authority of which it learns after the the register and title plan and, where noted on the to you if you make the successful bid for a lot. contract date but the buyer must comply with them register, of all documents subject to which the lot A5.2 You are obliged to buy the lot on the terms of the and keep the seller indemnified. is being sold. sale memorandum at the price you bid plus VAT (if G1.7 The lot does not include any tenant’s or trade fixtures (c) If the lot is not registered land the seller is to applicable). or fittings. give to the buyer within fivebusiness days an A5.3 You must before leaving the auction: G1.8 Where chattels are included in the lot the buyer takes abstract or epitome of title starting from the root (a) provide all information we reasonably need them as they are at completion and the seller is not of title mentioned in the special conditions (or, if from you to enable us to complete the sale liable if they are not fit for use. none is mentioned, a good root of title more than memorandum (including proof of your identity if G1.9 The buyer buys with full knowledge of: fifteen years old) and must produce to thebuyer required by us); (a) the documents, whether or not the buyer has the original or an examined copy of every relevant (b) sign the completed sale memorandum; and read them; and document. (c) pay the deposit. (b) the physical condition of the lot and what could (d) If title is in the course of registration, title is to A5.4 If you do not we may either: reasonably be discovered on inspection of it, consist of certified copies of: (a) as agent for the seller treat that failure as your whether or not the buyer has inspected it. (i) the application for registration of title made to repudiation of the contract and offer the lot for G1.10 The buyer is not to rely on the information contained the land registry; sale again: the seller may then have a claim in the particulars but may rely on the seller’s (ii) the documents accompanying that against you for breach of contract; or conveyancer’s written replies to preliminary enquiries to application; (b) sign the sale memorandum on your behalf. the extent stated in those replies. (iii) evidence that all applicable stamp duty land A5.5 The deposit: G2. Deposit tax relating to that application has been paid; and (a) is to be held as stakeholder where VAT would be G2.1 The amount of the deposit is the greater of: chargeable on the deposit were it to be held as (a) any minimum deposit stated in the auction (iv) a letter under which the seller or its agent for the seller, but otherwise is to be held as conduct conditions (or the total price, if this is conveyancer agrees to use all reasonable stated in the sale conditions; and less than that minimum); and endeavours to answer any requisitions raised by the land registry and to instruct the land (b) must be paid in pounds sterling by cheque or (b) 10% of the price (exclusive of any VAT on the by bankers’ draft made payable to us on an price). registry to send the completed registration documents to the buyer. approved financial institution. The extra auction G2.2 The deposit (e) The buyer has no right to object to or make conduct conditions may state if we accept any (a) must be paid in pounds sterling by cheque or requisitions on any title information more than other form of payment. banker’s draft drawn on an approved financial seven business days after that information has A5.6 We may retain the sale memorandum signed by institution (or by any other means of payment been given to the buyer. or on behalf of the seller until the deposit has been that the auctioneers may accept); and G4.3 Unless otherwise stated in the special conditions the received in cleared funds. (b) is to be held as stakeholder unless the auction seller sells with full title guarantee except that (and the A5.7 If the buyer does not comply with its obligations under conduct conditions provide that it is to be held transfer shall so provide): the contract then: as agent for the seller. (a) the covenant set out in section 3 of the Law of (a) you are personally liable to buy the lot even if you G2.3 Where the auctioneers hold the deposit as Property (Miscellaneous Provisions) Act 1994 shall are acting as an agent; and stakeholder they are authorised to release it (and not extend to matters recorded in registers open (b) you must indemnify the seller in respect of any interest on it if applicable) to the seller on completion to public inspection; these are to be treated as loss the seller incurs as a result of the buyer’s or, if completion does not take place, to the person within the actual knowledge of the buyer; and default. entitled to it under the sale conditions. (b) the covenant set out in section 4 of the Law of A5.8 Where the buyer is a company you warrant that the G2.4 If a cheque for all or part of the deposit is not cleared Property (Miscellaneous Provisions) Act 1994 shall buyer is properly constituted and able to buy the lot. on first presentation theseller may treat the contract not extend to any condition or tenant’s obligation as at an end and bring a claim against the buyer for relating to the state or condition of the lot where A6 Extra auction conduct conditions breach of contract. the lot is leasehold property. A6.1 Despite any special condition to the contrary the G2.5 Interest earned on the deposit belongs to the seller G4.4 The transfer is to have effect as if expressly subject minimum deposit we accept is £2000 (or the total unless the sale conditions provide otherwise. price, if less). A special condition may, however, to all matters subject to which the lot is sold under the G3. Between contract and completion contract. require a higher minimum deposit. G3.1 Unless the special conditions state otherwise, the G4.5 The seller does not have to produce, nor may the seller is to insure the lot from and including the GENERAL CONDITIONS OF SALE buyer object to or make a requisition in relation to, contract date to completion and: Words in bold green type have special meanings, any prior or superior title even if it is referred to in the which are defined in the Glossary. (a) produce to the buyer on request all relevant documents. insurance details; The general conditions (including any extra general G4.6 The seller (and, if relevant, the buyer) must produce conditions) apply to the contract except to the extent that they (b) pay the premiums when due; to each other such confirmation of, or evidence of, their are varied by special conditions or by an addendum. (c) if the buyer so requests, and pays any additional identity and that of their mortgagees and attorneys (if G1. The lot premium, use reasonable endeavours to increase any) as is necessary for the other to be able to comply G1.1 The lot (including any rights to be granted or reserved, the sum insured or make other changes to the with applicable Land Registry Rules when making and any exclusions from it) is described in the special policy; application for registration of the transaction to which conditions, or if not so described the lot is that (d) at the request of the buyer use reasonable the conditions apply. referred to in the sale memorandum. endeavours to have the buyer’s interest noted G5. Transfer G1.2 The lot is sold subject to any tenancies disclosed on the policy if it does not cover a contracting G5.1 Unless a form of transfer is prescribed by the special by the special conditions, but otherwise with vacant purchaser; conditions: possession on completion. (e) unless otherwise agreed, cancel the insurance at (a) the buyer must supply a draft transfer to the G1.3 The lot is sold subject to all matters contained or completion, apply for a refund of premium and seller at least ten business days before the referred to in the documents, but excluding any (subject to the rights of any tenant or other third agreed completion date and the engrossment financial charges: these the seller must discharge on party) pay that refund to the buyer; and (signed as a deed by the buyer if condition G5.2 or before completion. (f) (subject to the rights of any tenant or other third applies) fivebusiness days before that date or (if G1.4 The lot is also sold subject to such of the following party) hold on trust for the buyer any insurance later) two business days after the draft has been as may affect it, whether they arise before or after the payments that the seller receives in respect of approved by the seller; and contract date and whether or not they are disclosed loss or damage arising after the contract date (b) the seller must approve or revise the draft by the seller or are apparent from inspection of the lot or assign to the buyer the benefit of any claim; transfer within fivebusiness days of receiving it or from the documents: and the buyer must on completion reimburse to from the buyer. (a) matters registered or capable of registration as the seller the cost of that insurance (to the extent G5.2 If the seller remains liable in any respect in relation to local land charges; not already paid by the buyer or a tenant or other the lot (or a tenancy) following completion the buyer (b) matters registered or capable of registration by third party) for the period from and including the is specifically to covenant in thetransfer to indemnify any competent authority or under the provisions contract date to completion. the seller against that liability. of any statute; G3.2 No damage to or destruction of the lot nor any G5.3 The seller cannot be required to transfer the lot to (c) notices, orders, demands, proposals and deterioration in its condition, however caused, entitles anyone other than the buyer, or by more than one requirements of any competent authority; the buyer to any reduction in price, or to delay transfer. (d) charges, notices, orders, restrictions, agreements completion, or to refuse to complete. G6. Completion and other matters relating to town and country G3.3 Section 47 of the Law of Property Act 1925 does not G6.1 Completion is to take place at the offices of the planning, highways or public health; apply. seller’s conveyancer, or where the seller may (e) rights, easements, quasi-easements, and G3.4 Unless the buyer is already lawfully in occupation of reasonably require, on the agreed completion date. wayleaves; the lot the buyer has no right to enter into occupation The seller can only be required to complete on a (f) outgoings and other liabilities; prior to completion. business day and between the hours of 0930 and (g) any interest which overrides, within the meaning of G4. Title and identity 1700. the Land Registration Act 2002; G4.1 Unless condition G4.2 applies, the buyer accepts the G6.2 The amount payable on completion is the balance of (h) matters that ought to be disclosed by the title of the seller to the lot as at the contract date and the price adjusted to take account of apportionments searches and enquiries a prudent buyer would may raise no requisition or objection except in relation plus (if applicable) VAT and interest. make, whether or not the buyer has made them; to any matter that occurs after the contract date. G6.3 Payment is to be made in pounds sterling and only by: and G4.2 If any of the documents is not made available before (a) direct transfer to the seller’s conveyancer’s client (i) anything the seller does not and could not the auction the following provisions apply: account; and reasonably know about. (a) The buyer may raise no requisition on or objection (b) the release of any deposit held by a stakeholder. G1.5 Where anything subject to which the lot is sold would to any of the documents that is made available G6.4 Unless the seller and the buyer otherwise agree, expose the seller to liability the buyer is to comply before the auction. completion cannot take place until both have with it and indemnify the seller against that liability. (b) If the lot is registered land the seller is to give complied with their obligations under the contract and

57 the balance of the price is unconditionally received in equal daily rate assuming 365 days in a year, and G13.2 If the rent deposit is not assignable the seller must the seller’s conveyancer’s client account. income and expenditure relating to some other on completion hold the rent deposit on trust for the G6.5 If completion takes place after 1400 hours for a period accrues at an equal daily rate during the buyer and, subject to the terms of the rent deposit reason other than the seller’s default it is to be treated, period to which it relates; and deed, comply at the cost of the buyer with the buyer’s for the purposes of apportionment and calculating (c) where the amount to be apportioned is not known lawful instructions. interest, as if it had taken place on the next business at completion apportionment is to be made by G13.3 Otherwise the seller must on completion pay and day. reference to a reasonable estimate and further assign its interest in the rent deposit to the buyer G6.6 Where applicable the contract remains in force payment is to be made by seller or buyer as under an assignment in which the buyer covenants following completion. appropriate within fivebusiness days of the date with the seller to: G7. Notice to complete when the amount is known. (a) observe and perform the seller’s covenants and G7.1 The seller or the buyer may on or after the agreed G11. Arrears conditions in the rent deposit deed and indemnify completion date but before completion give the Part 1 Current rent the seller in respect of any breach; other notice to complete within ten business days G11.1 “Current rent” means, in respect of each of the (b) give notice of assignment to the tenant; and (excluding the date on which the notice is given) tenancies subject to which the lot is sold, the (c) give such direct covenant to the tenant as may be making time of the essence. instalment of rent and other sums payable by the required by the rent deposit deed. G7.2 The person giving the notice must be ready to tenant in advance on the most recent rent payment G14. VAT complete. date on or within four months preceding completion. G14.1 Where a sale condition requires money to be paid or G7.3 If the buyer fails to comply with a notice to complete G11.2 If on completion there are any arrears of current rent other consideration to be given, the payer must also the seller may, without affecting any other remedy the the buyer must pay them, whether or not details of pay any VAT that is chargeable on that money or seller has: those arrears are given in the special conditions. (a) of the buyer’s VAT registration; consideration, but (a) terminate the contract; G11.3 Parts 2 and 3 of this condition G11 do not apply to only if given a valid VAT invoice. (b) claim the deposit and any interest on it if held by a arrears of current rent. G14.2 Where the special conditions state that no VAT stakeholder; Part 2 Buyer to pay for arrears option has been made the seller confirms that none (c) forfeit the deposit and any interest on it; G11.4 Part 2 of this condition G11 applies where the special has been made by it or by any company in the same conditions give details of arrears. (d) resell the lot; and VAT group nor will be prior to completion. G11.5 The buyer is on completion to pay, in addition to any (e) claim damages from the buyer. G15. Transfer as a going concern other money then due, an amount equal to all arrears Where the special conditions so state: G7.4 If the seller fails to comply with a notice to complete of which details are set out in the special conditions. the buyer may, without affecting any other remedy the (a) the seller and the buyer intend, and will take all G11.6 If those arrears are not old arrears the seller is to buyer has: practicable steps (short of an appeal) to procure, assign to the buyer all rights that the seller has to that the sale is treated as a transfer of a going (a) terminate the contract; and recover those arrears. concern; and (b) recover the deposit and any interest on it from the Part 3 Buyer not to pay for arrears (b) this condition G15 applies. The seller confirms seller or, if applicable, a stakeholder. G11.7 Part 3 of this condition G11 applies where the that the seller G8. If the contract is brought to an end special conditions: (a) is registered for VAT, either in the seller’s name If the contract is lawfully brought to an end: (a) so state; or or as a member of the same VAT group; and (a) the buyer must return all papers to the seller (b) give no details of any arrears. (b) has (unless the sale is a standard-rated supply) and appoints the seller its agent to cancel any G11.8 While any arrears due to the seller remain unpaid the made in relation to the lot a VAT option that registration of the contract; and buyer must: remains valid and will not be revoked before (b) the seller must return the deposit and any (a) try to collect them in the ordinary course of completion. interest on it to the buyer (and the buyer may management but need not take legal proceedings G15.3 The buyer confirms that: claim it from the stakeholder, if applicable) unless or forfeit the tenancy; the seller is entitled to forfeit the deposit under (a) it is registered for VAT, either in the buyer’s name condition G7.3. (b) pay them to the seller within five business days or as a member of a VAT group; of receipt in cleared funds (plus interest at the G9. Landlord’s licence (b) it has made, or will make before completion, interest rate calculated on a daily basis for each G9.1 Where the lot is or includes leasehold land and licence a VAT option in relation to the lot and will not subsequent day’s delay in payment); to assign is required this condition G9 applies. revoke it before or within three months after (c) on request, at the cost of the seller, assign to completion; G9.2 The contract is conditional on that licence being the seller or as the seller may direct the right to obtained, by way of formal licence if that is what the (c) article 5(2B) of the Value Added Tax (Special demand and sue for old arrears, such assignment landlord lawfully requires. Provisions) Order 1995 does not apply to it; and to be in such form as the seller’s conveyancer may G9.3 The agreed completion date is not to be earlier than (d) it is not buying the lot as a nominee for another reasonably require; the date fivebusiness days after the seller has given person. (d) if reasonably required, allow the seller’s notice to the buyer that licence has been obtained. G15.4 The buyer is to give to the seller as early as possible conveyancer to have on loan the counterpart of any G9.4 The seller must: before the agreed completion date evidence: tenancy against an undertaking to hold it to the (a) of the buyer’s VAT registration; (a) use all reasonable endeavours to obtain the buyer’s order; licence at the seller’s expense; and (b) that the buyer has made a VAT option; and (e) not without the consent of the seller release any (c) that the VAT option has been notified in writing to (b) enter into any authorised guarantee agreement tenant or surety from liability to pay arrears or HM Revenue and Customs; properly required. accept a surrender of or forfeit any tenancy under G9.5 The buyer must: which arrears are due; and and if it does not produce the relevant evidence at least two business days before the agreed completion (a) promptly provide references and other relevant (f) if the buyer disposes of the lot prior to recovery of date, condition G14.1 applies at completion. information; and all arrears obtain from the buyer’s successor in title (b) comply with the landlord’s lawful requirements. a covenant in favour of the seller in similar form to G15.5 The buyer confirms that aftercompletion the buyer G9.6 If within three months of the contract date (or such part 3 of this condition G11. intends to: longer period as the seller and buyer agree) the G11.9 Where the seller has the right to recover arrears it (a) retain and manage the lot for the buyer’s own licence has not been obtained the seller or the buyer must not without the buyer’s written consent bring benefit as a continuing business as a going may (if not then in breach of any obligation under this insolvency proceedings against a tenant or seek the concern subject to and with the benefit of the condition G9) by notice to the other terminate the removal of goods from the lot. tenancies; and contract at any time before licence is obtained. That G12. Management (b) collect the rents payable under the tenancies and termination is without prejudice to the claims of either G12.1 This condition G12 applies where the lot is sold charge VAT on them seller or buyer for breach of this condition G9. subject to tenancies. G15.6 If, after completion, it is found that the sale of the lot is G10. Interest and apportionments G12.2 The seller is to manage the lot in accordance with its not a transfer of a going concern then: G10.1 If the actual completion date is after the agreed standard management policies pending completion. (a) the seller’s conveyancer is to notify the buyer’s completion date for any reason other than the G12.3 The seller must consult the buyer on all management conveyancer of that finding and provide aVAT seller’s default the buyer must pay interest at the issues that would affect the buyer after completion invoice in respect of the sale of the lot; interest rate on the price (less any deposit paid) from (such as, but not limited to, an application for licence; (b) the buyer must within fivebusiness days of the agreed completion date up to and including the a rent review; a variation, surrender, agreement to receipt of the VAT invoice pay to the seller the actual completion date. surrender or proposed forfeiture of a tenancy; or a new VAT due; and G10.2 Subject to condition G11 the seller is not obliged tenancy or agreement to grant a new tenancy) and: (c) if VAT is payable because the buyer has not to apportion or account for any sum at completion (a) the seller must comply with the buyer’s complied with this condition G15, the buyer must unless the seller has received that sum in cleared reasonable requirements unless to do so would pay and indemnify the seller against all costs, funds. The seller must pay to the buyer after (but for the indemnity in paragraph (c)) expose interest, penalties or surcharges that the seller completion any sum to which the buyer is entitled the seller to a liability that the seller would not incurs as a result. that the seller subsequently receives in cleared funds. otherwise have, in which case the seller may act G16. Capital allowances G10.3 Income and outgoings are to be apportioned at actual reasonably in such a way as to avoid that liability; G16.1 This condition G16 applies where the special completion date unless: (b) if the seller gives the buyer notice of the seller’s conditions state that there are capital allowances (a) the buyer is liable to pay interest; and intended act and the buyer does not object within available in respect of the lot. (b) the seller has given notice to the buyer at any fivebusiness days giving reasons for the objection G16.2 The seller is promptly to supply to the buyer all time up to completion requiring apportionment the seller may act as the seller intends; and information reasonably required by the buyer on the date from which interest becomes payable (c) the buyer is to indemnify the seller against all loss or in connection with the buyer’s claim for capital by the buyer; in which event income and liability the seller incurs through acting as the buyer allowances. outgoings are to be apportioned on the date from requires, or by reason of delay caused by the buyer. G16.3 The value to be attributed to those items on which which interest becomes payable by the buyer. G13. Rent deposits capital allowances may be claimed is set out in the G10.4 Apportionments are to be calculated on the basis that: G13.1 This condition G13 applies where the seller is holding special conditions. (a) the seller receives income and is liable for or otherwise entitled to money by way of rent deposit G16.4 The seller and buyer agree: outgoings for the whole of the day on which in respect of a tenancy. In this condition G13 “rent (a) to make an election on completion under Section apportionment is to be made; deposit deed” means the deed or other document 198 of the Capital Allowances Act 2001 to give (b) annual income and expenditure accrues at an under which the rent deposit is held. effect to this condition G16; and

58 www.networkauctions.co.uk

(b) to submit the value specified in thespecial (b) payments on account of service charge received steps to substitute itself as a party to any conditions to HM Revenue and Customs for the from each tenant; proceedings; purposes of their respective capital allowance (c) any amounts due from a tenant that have not been (b) use all reasonable endeavours to conclude any computations. received; proceedings or negotiations for the renewal of the G17. Maintenance agreements (d) any service charge expenditure that is not tenancy and the determination of any interim rent G17.1 The seller agrees to use reasonable endeavours to attributable to any tenancy and is for that reason as soon as reasonably practicable at the best rent transfer to the buyer, at the buyer’s cost, the benefit irrecoverable. or rents reasonably obtainable; and of the maintenance agreements specified in the G22.4 In respect of each tenancy, if the service charge (c) if any increased rent is recovered from the tenant special conditions. account shows that: (whether as interim rent or under the renewed G17.2 The buyer must assume, and indemnify the seller in (a) payments on account (whether received or still tenancy) account to the seller for the part of respect of, all liability under such contracts from the then due from a tenant) exceed attributable that increase that relates to the seller’s period of actual completion date. service charge expenditure, the seller must pay to ownership of the lot within fivebusiness days of G18. Landlord and Tenant Act 1987 the buyer an amount equal to the excess when it G18.1 This condition G18 applies where the sale is a relevant provides the service charge account; receipt of cleared funds. disposal for the purposes of part I of the Landlord and (b) attributable service charge expenditure exceeds G24.5 The seller and the buyer are to bear their own costs Tenant Act 1987. payments on account (whether those payments in relation to the renewal of the tenancy and any G18.2 The seller warrants that the seller has complied with have been received or are still then due), the proceedings relating to this. sections 5B and 7 of that Act and that the requisite buyer must use all reasonable endeavours to G25. Warranties majority of qualifying tenants has not accepted the offer. recover the shortfall from the tenant at the next G25.1 Available warranties are listed in the special conditions. G19. Sale by practitioner service charge reconciliation date and pay the G25.2 Where a warranty is assignable the seller must: amount so recovered to the seller within five G19. This condition G19 applies where the sale is by a (a) on completion assign it to the buyer and give practitioner either as seller or as agent of the seller. business days of receipt in cleared funds; notice of assignment to the person who gave the but in respect of payments on account that are still due G19.2 The practitioner has been duly appointed and is warranty; and empowered to sell the lot. from a tenant condition G11 (arrears) applies. (b) apply for (and the seller and the buyer must use G19.3 Neither the practitioner nor the firm or any member G22.5 In respect of service charge expenditure that is not all reasonable endeavours to obtain) any consent of the firm to which thepractitioner belongs has any attributable to any tenancy the seller must pay the personal liability in connection with the sale or the expenditure incurred in respect of the period before to assign that is required. If consent has not been performance of the seller’s obligations. The transfer actual completion date and the buyer must pay obtained by completion the warranty must be is to include a declaration excluding that personal the expenditure incurred in respect of the period after assigned within fivebusiness days after the liability. actual completion date. Any necessary monetary consent has been obtained. G19.4 The lot is sold: adjustment is to be made within five business days of G25.3 If a warranty is not assignable the seller must after the seller providing the service charge account to the (a) in its condition at completion; completion: buyer. (b) for such title as the seller may have; and (a) hold the warranty on trust for the buyer; and G22.6 If the seller holds any reserve or sinking fund on (c) with no title guarantee; (b) at the buyer’s cost comply with such of the lawful account of future service charge expenditure or a and the buyer has no right to terminate the contract or depreciation fund: instructions of the buyer in relation to the warranty any other remedy if information provided about the lot as do not place the seller in breach of its terms or (a) the seller must pay it (including any interest is inaccurate, incomplete or missing. earned on it) to the buyer on completion; and expose the seller to any liability or penalty. G19.5 Where relevant: (b) the buyer must covenant with the seller to hold G26. No assignment (a) the documents must include certified copies it in accordance with the terms of the tenancies The buyer must not assign, mortgage or otherwise of those under which the practitioner is and to indemnify the seller if it does not do so. transfer or part with the whole or any part of the appointed, the document of appointment and the G23. Rent reviews buyer’s interest under this contract. practitioner’s acceptance of appointment; and G23.1 This condition G23 applies where the lot is sold G27. Registration at the Land Registry (b) the seller may require the transfer to be by the subject to a tenancy under which a rent review due on G27.1 This condition G27.1 applies where the lot is leasehold lender exercising its power of sale under the Law or before the actual completion date has not been and its sale either triggers first registration or is a of Property Act 1925. agreed or determined. registrable disposition. The buyer must at its own G19.6 The buyer understands this condition G19 and G23.2 The seller may continue negotiations or rent review expense and as soon as practicable: agrees that it is fair in the circumstances of a sale by a proceedings up to the actual completion date (a) procure that it becomes registered at Land practitioner. but may not agree the level of the revised rent or Registry as proprietor of the lot; G20. TUPE commence rent review proceedings without the G20.1 If the special conditions state “There are no written consent of the buyer, such consent not to be (b) procure that all rights granted and reserved by employees to which TUPE applies”, this is a warranty unreasonably withheld or delayed. the lease under which the lot is held are properly by the seller to this effect. G23.3 Following completion the buyer must complete noted against the affected titles; and G20.2 If the special conditions do not state “There are no rent review negotiations or proceedings as soon as (c) provide the seller with an official copy of the employees to which TUPE applies” the following reasonably practicable but may not agree the level register relating to such lease showing itself paragraphs apply: of the revised rent without the written consent of the registered as proprietor. (a) The seller must notify the buyer of those seller, such consent not to be unreasonably withheld G27.2 This condition G27.2 applies where the lot comprises employees whose contracts of employment or delayed. part of a registered title. The buyer must at its own will transfer to the buyer on completion (the G23.4 The seller must promptly: expense and as soon as practicable: “Transferring Employees”). This notification must (a) give to the buyer full details of all rent review (a) apply for registration of the transfer; be given to the buyer not less than 14 days before negotiations and proceedings, including copies of (b) provide the seller with an official copy and title plan completion. all correspondence and other papers; and for the buyer’s new title; and (b) The buyer confirms that it will comply with (b) use all reasonable endeavours to substitute its obligations under TUPE and any special the buyer for the seller in any rent review (c) join in any representations the seller may properly conditions in respect of the Transferring Employees. proceedings. make to Land Registry relating to the application. (c) The buyer and the seller acknowledge that G23.5 The seller and the buyer are to keep each other G28. Notices and other communications pursuant and subject to TUPE, the contracts of informed of the progress of the rent review and have G28.1 All communications, including notices, must be in employment between the Transferring Employees regard to any proposals the other makes in relation to it. writing. Communication to or by the seller or the and the seller will transfer to the buyer on G23.6 When the rent review has been agreed or determined buyer may be given to or by their conveyancers. completion. the buyer must account to the seller for any increased G28.2 A communication may be relied on if: (d) The buyer is to keep the seller indemnified rent and interest recovered from the tenant that (a) delivered by hand; or against all liability for the Transferring Employees relates to the seller’s period of ownership within five (b) made electronically and personally acknowledged after completion. business days of receipt of cleared funds. (automatic acknowledgement does not count); or G21. Environmental G23.7 If a rent review is agreed or determined before G21.1 This condition G21 only applies where the special completion but the increased rent and any interest (c) there is proof that it was sent to the address of the conditions so provide. recoverable from the tenant has not been received person to whom it is to be given (as specified in G21.2 The seller has made available such reports as the by completion the increased rent and any interest the sale memorandum) by a postal service that seller has as to the environmental condition of the recoverable is to be treated as arrears. offers normally to deliver mail the next following lot and has given the buyer the opportunity to carry G23.8 The seller and the buyer are to bear their own costs in business day. out investigations (whether or not the buyer has read relation to rent review negotiations and proceedings. G28.3 A communication is to be treated as received: those reports or carried out any investigation) and the G24. Tenancy renewals (a) when delivered, if delivered by hand; or buyer admits that the price takes into account the G24.1 This condition G24 applies where the tenant under (b) when personally acknowledged, if made environmental condition of the lot. a tenancy has the right to remain in occupation electronically; G21.3 The buyer agrees to indemnify the seller in respect under part II of the Landlord and Tenant Act 1954 (as but if delivered or made after 1700 hours on a of all liability for or resulting from the environmental amended) and references to notices and proceedings business day a communication is to be treated as condition of the lot. are to notices and proceedings under that Act. received on the next business day. G22. Service Charge G24.2 Where practicable, without exposing the seller to G22.1 This condition G22 applies where the lot is sold subject liability or penalty, the seller must not without the G28.4 A communication sent by a postal service that offers to tenancies that include service charge provisions. written consent of the buyer (which the buyer must normally to deliver mail the next following business G22.2 No apportionment is to be made at completion in not unreasonably withhold or delay) serve or respond day will be treated as received on the second respect of service charges. to any notice or begin or continue any proceedings. business day after it has been posted. G22.3 Within two months after completion the seller must G24.3 If the seller receives a notice the seller must send a G29. Contracts (Rights of Third Parties) Act 1999 provide to the buyer a detailed service charge account for copy to the buyer within fivebusiness days and act No one is intended to have any benefit under the the service charge year current on completion showing: as the buyer reasonably directs in relation to it. contract pursuant to the Contract (Rights of Third (a) service charge expenditure attributable to each G24.4 Following completion the buyer must: Parties) Act 1999. tenancy; (a) with the co-operation of the seller take immediate G30. Extra General Conditions

59 AUTHORISATION FORM FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

I hereby instruct Network Auctions (the ‘Auctioneers’) to bid on my behalf in accordance with the terms and conditions shown in this agreement. I acknowledge that if my bid is successful I will have entered into a binding contract to purchase the lot and authorise the Auctioneers herewith to sign the auction contract on my behalf.

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

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

TELEPHONE NUMBERS

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

Email address ......

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

Lot No......

Amount of deposit ......

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

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

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

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

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

TERMS & CONDITIONS FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

1. The completed form must be delivered to Network the Auctioneers will not be liable to the bidder if he/ In addition to the above terms and conditions the Auctions (133 The Parade, Watford, Hertfordshire, she fails to check. following four apply to telephone bidders only: WD17 1NA) no later than twenty four hours prior 6. The bidder is deemed to have read the auction 1. The Auctioneers will attempt to make contact with the to the auction with the appropriate payment. If you catalogue, the Auctioneers’ ‘Important Notes For bidder on the telephone number/s provided but take no intend to bid for more than one lot then a separate Auction Bidders’ and to be aware of the guide price responsibility for the availability, quality or sustainability form for each lot must be completed. that the Auctioneers are quoting. of ‘the line’. When contact is made a member of the 2. The completed form must be delivered with Auctioneers’ staff will take bids from the bidder and 7. If the bidder attends the saleroom without having a payment to include the deposit of 10% of the relay them to the Auctioneer. cancelled this agreement and bids for the lot in maximum bid (subject to a minimum of £2,500) and 2. If telephone contact is ‘lost’ or a connection cannot the auctioneers’ administration fee of £750 plus person, the Auctioneers are free to accept such bids in addition to any bids made under this agreement. be made the bidder hereby authorises the Auctioneers vat (£900). This payment can be made by cheque to bid on his/her behalf up to the maximum bid amount or banker’s draft (payable to Network Auctions). 8. The Auctioneers assume that the bidder is bidding shown on page 1 of this agreement. Payments by credit card or cash cannot be accepted. for himself/herself. If the bidder intends to purchase 3. A bidder bidding by telephone may exceed the Cheques supplied by unsuccessful bidders will be the lot in a name other than his/her personal name maximum bid amount shown on page 1 and undertakes destroyed. (and other than as shown on page 1 of thisagreement), to provide the additional deposit funds (the difference arrangements must be made with the Auctioneers 3. If the bidder purchases the lot at less than ten between the deposit provided and 10% of the purchase times the sum of the deposit provided, the whole in advance. price) to the Auctioneers immediately post auction. of the deposit provided will be used as the deposit 4. The Auctioneers reserve the right not to bid on behalf payment and an adjustment will be made at Proof of Identity of the bidder in the event of any uncertainty, error or completion by the seller’s solicitors who will provide a The completed form must be delivered with proofs of disagreement and give no guarantee that any bid can completion statement showing the adjustment. identity as detailed in the auction catalogue. Without these the Auctioneers will be unable to action this bid. be communicated to the Auctioneer prior to any other 4. The bidder is deemed to have inspected the legal bids made in the saleroom. pack and to have taken all necessary legal and other In addition to the above terms and conditions the professional advice prior to bidding. The bidder is following applies to internet bidders only: In addition to the above terms and conditions the also deemed to have viewed the property (where 1. Internet bidders accept that access to Essential following two apply to proxy bidders only: viewings are made available by the Auctioneers). information Group’s (EIG) services (via EIG’s or 1. The Auctioneers will make bids for the bidder up 5. The bidder is deemed to have full knowledge Network Auctions’ website or services) could be to the maximum amount shown on page 1 of this of the General and Special Conditions of Sale and interrupted or withdrawn at any time. If you intend agreement, but not higher under any circumstances. the Notice to All Prospective Buyers therein. The to bid by internet you should also consider making 2. The Auctioneers undertake with the bidder to make bidder is also deemed to have full knowledge of any an alternative provision for making bids prior to the an initial bid on the bidder’s behalf at a figure no higher addendum produced by the Auctioneers at or prior auction. Neither the Auctioneers nor EIG have any than the reserve price and further undertake to bid to the auction. Bidders are advised to check whether liability if a bid fails to be received by us or if the bid is incrementally on the bidder’s behalf as per other bids any relevant addendum has or will be produced, but delayed or made in error for any reason. made in the saleroom.

60 www.networkauctions.co.uk

memorandum

date: ......

name of seller: ......

address of seller: ......

name of buyer: ......

address of buyer: ......

Phone number: ...... email: ......

Lot number: ......

address: ......

‘the Price’: ......

‘Administration Charge’: £750 +VAT payable by the buyer to The Auctioneers in addition to ‘The Price’

‘the Completion date’: ......

deposit Paid to auctioneers: ......

balance due at Completion: ......

The seller agrees to sell and the buyer agrees to buy ‘The Lot’ for ‘The Price’ and to complete the purchase on ‘The Completion Date’.

This agreement is subject to the Auctioneers’ Conditions of Sale, Common Auction Conditions (Edition 3) and General Conditions of Sale (as published in the auction catalogue) and the Special Conditions of Sale (as provided in the Legal Pack and as settled by the seller’s solicitors).

signed on behalf of the seller: ...... By Network Auctions for and on behalf of the seller

signed by the buyer: ......

buyer’s solicitors: ......

Phone number: ...... email: ......

name of solicitor: ......

NA_Cover_DEC 15.indd 5 17/11/2015 11:35 ProPerty to Sell? talk to uS We are pleased to advise on LOCAL EXPERTISE | NATIONAL COVERAGE all aspects of selling by auction and provide appraisals for properties anywhere in the UK.

Our unique approach combines PROPERTY AUCTION CATALOGUE major auction events in London and Birmingham with a network of partner firms throughout the country. day one, London Sellers benefit from the best of both THURSDAy 10 DECEMBER 2015 at 2:00 pm worlds – expert local marketing GROSVENOR HOUSE HOTEL, 86-90 PARK LANE, combined with national exposure, LONDON W1K 7TN it’s the right way to achieve the best possible price for your property. day two, birmingham WEDNESDAy 16 DECEMBER 2015 at 11:00 am THE LEGENDS LOUNGE, BIRMINGHAM CITy FOOTBALL CLUB, ST ANDREW’S STADIUM, BIRMINGHAM B9 4NH FUTURE AUCTIONS LONDON THURSDAy 25 FEBRUARy 2016 THURSDAy 5 MAy 2016 THURSDAy 7 JULy 2016 WEDNESDAy 14 SEPTEMBER 2016 WEDNESDAy 19 OCTOBER 2016 THURSDAy 8 DECEMBER 2016

BIRMINGHAM WEDNESDAy 2 MARCH 2016 WEDNESDAy 11 MAy 2016 WEDNESDAy 13 JULy 2016 TUESDAy 25 OCTOBER 2016 WEDNESDAy 14 DECEMBER 2016

e [email protected] t 020 7871 0420 www.networkauctions.co.uk

133 The Parade, Watford, Hertfordshire WD17 1NA

NA_Cover_DEC 15.indd 2 17/11/2015 11:35