DECEMBER 2018 NATIONAL STRETTONS PROPERTY AUCTION FUTURE NATIONAL AUCTION DATES PROPERTY RESIDENTIAL AUCTION & COMMERCIAL RESIDENTIAL
WEDNESDAY 6th FEBRUARY 2019 & COMMERCIAL
MONDAY 25th MARCH 2019
TUESDAY 21st MAY 2019
TUESDAY 16th JULY 2019
THURSDAY 17th OCTOBER 2019
MONDAY 16th DECEMBER 2019
OTHER SERVICES:
RESIDENTIAL & COMMERCIAL
SALES & LETTINGS VALUATION LEASE ADVISORY LANDLORD/TENANT REPRESENTATION LEASEHOLD REFORM EXPERT WITNESS & LITIGATION COMPULSORY PURCHASE PROPERTY & ESTATE MANAGEMENT INSOLVENCY & RECEIVERSHIP DEVELOPMENT VIABILITY & CONSULTANCY AFFORDABLE HOUSING CHARITY & THIRD SECTOR PROPERTY INSURANCE
CERTIFICATE NO. 1361 MONDAY 10th DECEMBER 2018, 11am DE VERE GRAND CONNAUGHT ROOMS 61-65 Great Queen Street, Kingsway, London WC2B 5DA
ST_Cover_DEC 18.indd 1 20/11/2018 11:28 IMPORTANT NOTICE AUCTION TO PROSPECTIVE BUYERS INFORMATION SERVICES The notices below apply to all properties within this catalogue and are essential reading before you bid. Please also check strettons.co.uk for updates.
AUCTIONS 1. Properties are offered subject to the “Common 7. No employee of the auctioneers has the authority to make LEGAL DOCUMENTS Cavendish Legal Group is a leading team SERVICES PROVIDED Waltham House Auction Conditions (4th Edition April 2018)” which are or give any representation or warranty about any of the lots reproduced with the consent of the Royal Institution of to be offered. Legal documents may be inspected/ of solicitors, providing practical advice to 11 Kirkdale Road, London BY ESSENTIAL Chartered Surveyors. 8. The successful bidder must pay the deposit by personal bank businesses and individuals from our offices E11 1HP downloaded free via the internet. Just INFORMATION GROUP These Conditions have three main sections: debit card (but not business debit or credit card), bankers log on to our ‘on line’ catalogue at across London and the South East. a. Glossary draft, building society draft or by cheque. If this requirement 020 7637 4000 This gives special meanings to some words used in the is not complied with then we reserve the right to offer the strettons.co.uk enter the lot in rest of the conditions. lot elsewhere or again by auction and claim any loss from question, click on the ‘Legal Documents’ [email protected] you. Drafts should be made payable to Strettons. We are AUCTION DEPOSITS strettons.co.uk b. The conduct of the auction unable to accept the deposit payment in cash. button and follow the simple instructions. These conditions regulate the conduct of the auction. You are specifically referred back to the If you read our catalogue or attend the auction you do so 9. If you are successful in the bidding then you have entered into a binding contract to purchase the lot subject to Alternatively you may inspect this “Notices” printed on the inside front cover Also; on the basis that you accept them. Legals the conditions of sale. You must immediately give to the documentation at our Auction office during to this catalogue, including that relating to c. Conditions of sale auctioneer’s clerk your name and address and that of your CITY & CITY FRINGE If you buy you will sign a sale memorandum under normal opening hours, and in the auction the payment of the contractural deposit. 020 7375 1801 solicitor, provide two forms of proof of identity to which you agree to be bound by the conditions of sale for include both the name and address of the buyer, room on the day of the sale. If photocopies that lot. These conditions are: pay the 10% deposit (or £3,000 whichever is the greater) As members of the Auctioneers EAST & NORTH LONDON are required then there will be a charge, • General conditions that apply to all lots. and sign the sale memorandum before leaving the room. Completion and Deposit Scheme (ACADS) 020 8520 9911 • Any extra conditions in the catalogue or an addendum. which may be paid by debit card. • Special conditions that only apply to the lot you are 10. If you are successful then, unless otherwise stated in the details of any dishonoured cheque are Legal documents for some of our lots are WEST END buying (and which may vary the general conditions). conditions of sale, the lot will be at your risk upon the fall of Please be aware that the legal package circulated to other principal auctioneers, the gavel and so you are recommended to arrange insurance nowON or AIR will be available online. 020 7637 8080 These conditions are legally binding. as soon as possible. There will be an insurance desk at the may be amended at any time prior to the which could preclude any defaulter from Legals 2. A prudent buyer before bidding will: auction from where in most cases immediate cover may be sale and you should thus check for any late future bidding at other London auctions in Click the link within the property details • Take professional advice from a solicitor and, in arranged. online to view and download the legal appropriate cases, a surveyor and an accountant. changes on the day of the auction. addition to Strettons. 11. Each successful buyer will be required to pay to documentation available. • Read the conditions. Strettons a BUYER’S ADMINISTRATION FEE • Inspect the lot. of £750 including VAT on exchange of contracts • Carry out usual searches and make usual enquiries. for each lot purchased (or £375 including VAT for COMMERCIAL FUNDING OTHER SERVICES: • Check the content of all documents. transactions of less than £10,000). STRETTONS’ GUIDE • Check the accuracy of the catalogue. See adverts in the catalogue. • Have finance available for the deposit and the purchase price. 12. Various non-optional fixed or variable additional TO BUYING AT AUCTION ON AIR RESIDENTIAL • Check whether VAT registration and election is advisable. fees and costs may be payable by the buyer on & COMMERCIAL top of the purchase price. These will include a buyer’s If you are unfamiliar with procedures, The conditions assume that the buyer has acted administration fee and may include a contribution towards like a prudent buyer. If you choose to buy a lot the seller’s and/or their solicitor’s costs, documentation please call our auction department on BIDDING BY PROXY SALES & LETTINGS without taking these normal precautions you do costs, ground rent, apportionment of rent/service charge, 020 7637 4000 to obtain a buyers’ guide. You are strongly recommended to attend VALUATION so at your own risk. rent/service charge arrears, VAT, Stamp Duty Land Tax etc. Visit eigpropertyauctions.co.uk 3. Photographs or plans are for identification purposes only To establish the full cost of purchasing a property please the auction to bid personally. LEASE ADVISORY and select ‘Search Auctions’. to assist you in the location of the property and they are not obtain your own independent advice and inspect the legal LANDLORD/TENANT REPRESENTATION intended to show the interest to be sold. Such photographs documentation/special conditions. LEGAL ADVICE If you are unable to do so then it may be Choose the option ‘Live Stream’. and plans are expressly excluded from the contract of 13. No responsibility is accepted for any information unless taken possible, by prior arrangement, for you LEASEHOLD REFORM sale. Location plans are reproduced with permission of We have arranged for an independent You will see details of the lot being offered from our own catalogue or web site, or specifically provided to bid by proxy up to your previously EXPERT WITNESS & LITIGATION Ordnance Survey under licence number ES100004608. All by a member of the Strettons’ auction team. firm of Solicitors to provide initial LEGAL and can watch the bidding as measurements and dimensions are approximate. No services ADVICE to prospective Purchasers prior to specified limit. COMPULSORY PURCHASE or systems (e.g. central heating, fire and burglar alarms) have 14. Most Sellers will not allow us to release keys until after it happens. completion. In other cases we will only release keys after the auction and on the day of the London PROPERTY & ESTATE MANAGEMENT been tested. The accommodation describes the number of Proxy bids may be by specific authority for rooms as currently arranged. A statement for one lot does deposits have cleared which will usually be two or three days Sale in the auction room. Please contact the It is not possible to bid using INSOLVENCY & RECEIVERSHIP not imply that it does/does not apply to another. In any and then only with the Sellers consent. a member of our staff to bid on your this service. ‘LEASE DETAILS’ information ground rent may be payable 15. Some of the lots in this catalogue may be in poor repair. auction team: DEVELOPMENT VIABILITY & CONSULTANCY behalf, by telephone, or by internet. and may rise whether or not it is stated. Please take care when inspecting. All viewings are undertaken Whichever method is chosen a proxy AFFORDABLE HOUSING entirely at your own risk. 4. There may be updates to information issued either in this bidding form (available from our office or CHARITY & THIRD SECTOR catalogue or elsewhere. A notice detailing such changes will 16. Guide prices are for guidance purposes only, and represent be available at the auction, or an announcement may be the range within which the reserve (the minimum figure at via our web site on strettons.co.uk) must PROPERTY INSURANCE made from the rostrum. Updates are also posted online which a lot can be sold) may be set at the time of catalogue be completed in full and returned to us at strettons.co.uk You are advised to check with us on printing. Guides may change at any time before the auction, and Howard Freeman or Matt Conroy arrival at the auction as to whether there are any changes properties could sell above or below the figures quoted, but 33 Cavendish Square, at least 2 clear working days before the affecting the lot for which you intend to bid. If you do bid we do update them on our auction web site each working day London W1G 0PW auction. It should be accompanied by your you will be assumed to do so with knowledge of any such up to the last such day before the auction, and they are shown changes. You should also check whether a lot in which you on the printed auction day announcement sheet. If a change deposit, in the prescribed form, for 10% are interested has been withdrawn or sold prior. occurs after this publication deadline then an announcement 020 7016 3016 of your maximum bid price, subject to a 5. Offers can be submitted to buy a lot before the auction will be made from the rostrum. If the guide price is stated as a [email protected] minimum of £3,000. CERTIFICATE NO. 1361 and if acceptable a sale can proceed but the property will single figure then the reserve will be within 10% of the stated www.clglaw.co.uk not be withdrawn from the auction until contracts have figure. been exchanged. 17. The word “Equivalent” in relation to rent means the 6. Some sellers require the buyer to contribute towards corresponding annual amount due. their legal/administrative costs by specifying an additional 18. Before bidding all bidders need to provide valid ID. amount payable on completion. If applicable then it will be Please refer to the bidder identity registration notice in the detailed in the special conditions of sale applying to that lot. catalogue/online or contact us.
NEXT AUCTION: 6th FEBRUARY 2019 strettons.co.uk CERTIFICATE NO. 1361 CATALOGUE ONLINE: 16th JANUARY – HARD COPIES AVAILABLE: 18th JANUARY FOR UP-TO-THE-MINUTE INFORMATION ON GUIDE PRICES, AMENDMENTS, ANNOUNCEMENTS, LEGAL DOCUMENTATION
© COPYRIGHT STRETTONS 2018. All rights are reserved. No part of this catalogue may be reproduced, stored or transmitted in any form or by any means without our prior permission. Unauthorised reproduction will result in enforcement action.
ST_Cover_DEC 18.indd 2 20/11/2018 11:28 NATIONAL PROPERTY AUCTION MONDAY 10th DECEMBER 2018, 11am De Vere Grand Connaught Rooms, 61-65 Great Queen Street, Kingsway, London WC2B 5DA
BY ORDER OF Various mortgagees, receivers, public and private companies, trustees, executors, housing associations, charities and others, including:
JCDecaux
B. Tobin & S. Tilsiter of Strettons as LPA Receivers
B.TOBIN & S.TILSITER
B. Tobin & J. Bacon of Strettons as LPA Receivers
B.TOBIN & J.BACON
S. Tilsiter & J. Bacon of Strettons as LPA Receivers
S.TILSITER & J.BACON
B. Tobin & P. Joseph of Strettons as LPA Receivers
B.TOBIN & P. JOSEPH
NATIONWIDE PROPERTY SERVICE AUCTION VENUE: FROM OUR CENTRAL & EAST LONDON OFFICES DE VERE GRAND CONNAUGHT ROOMS 61-65 Great Queen Street, Kingsway FOR AUCTION London WC2B 5DA 020 8616 8008 grandconnaughtrooms.com
ENQUIRIES HOW TO GET THERE CALL THE AUCTION TEAM TODAY ON LONDON UNDERGROUND NEAREST STATIONS: Covent Garden (Piccadilly line) and 020 7637 4000 Holborn (Piccadilly/Central lines)
NEW TO AUCTIONS OR HAVE A QUERY? IF YOU WOULD LIKE TO DISCUSS THE BENEFITS OF BUYING OR SELLING AT AUCTION, OUR TEAM ARE HAPPY TO ANSWER YOUR QUESTIONS. WE ARE AVAILABLE FROM 9.30am ON THE DAY TO CHAT BEFORE AND/OR AFTER THE AUCTION.
1
ST_Auction Catalogue_Start Section_DEC 18.indd 1 21/11/2018 15:30 Fast property finance SPEED At Commercial Acceptances speed alone is not enough. Speak MEETS straight to decision makers: a quick and personal service. No arrangement fees, no extension fees and no end KNOWLEDGE fees. Interest charged from only 020 7655 3388 0.75% per calendar month.
Your property may be repossessed if you do not keep up on your mortgage repayments or any other debt secured on it. A rate from 0.75% will be chargeable on the amount borrowed every calendar month. However rates are subject to change and will increase or decrease in line with movements in 3m LIBOR (The London Inter-Bank Offered Rate For Three Month Sterling Deposits). Rates will be adjusted on each calendar month anniversary of the facility. The overall cost for comparison is 10.6% APR. 2
ST_AuctionCA_Boat_Ad_Strettons_210x297mm.indd Catalogue_Start Section_DEC 18.indd1 2 21/11/20189/18/18 3:33 15:30 PM MEET THE TEAM AUCTION & INVESTMENTS 020 7637 4000
BENJAMIN TOBIN PHILIP WATERFIELD Chairman and Auctioneer Auction Director and Auctioneer
GRAHAM SLYPER IAN MANN Consultant Associate Director & Auction Surveyor A WARM WELCOME AND INTRODUCTION FROM OUR AUCTION DIRECTOR
Welcome to our final sale of 2018 If you haven’t registered please do so – which ends a somewhat economic we promise not fill your inbox with lots of
GILES OWENS BARRY WISE roller coaster 12 months with Brexit emails and you can unsubscribe at any time! Associate Director & Auction Surveyor Auction Surveyor dominating the headlines. On behalf of the auction team and all at Although there was a small mid-year base Strettons I wish you Compliments of the rate increase, lending (and saving) rates Season and best wishes for 2019. have remained low allowing investors to continue to put their money into property. Recent sales, however, have demonstrated that the shrewd investor
has an eye to the future and has become more cautious about what to buy. SAM HARBORNE ROBERT WOOLFE PHILIP WATERFIELD Auction Surveyor Auction Surveyor Fuelled by tax changes, the residential buy-to-let market has faltered in the Auction Director past year or so and, whilst, it hasn’t come [email protected] to a complete standstill, we have seen a Direct Dial: 020 8509 4411 shift towards commercial/industrial lots, development opportunities and other investments. I hope that this last sale of 2018 provides WHAT’S the usual catalogue of properties to MY PROPERTY Fast property finance NATALIE YOUNG JANICE HORNSBY appeal to the wide variety of buyers who Senior Administrator Administrator (Solicitor Liaison) attend our auctions. I would remind you WORTH? SPEED At Commercial Acceptances that you can, of course, also look for Thinking of selling or just speed alone is not enough. Speak private treaty opportunities listed on our straight to decision makers: a quick intrigued as to what your property MEETS Contact a member website or give one of the agents a call to and personal service. No arrangement might fetch at auction? of our experienced discuss your requirements. KNOWLEDGE fees, no extension fees and no end team for advice Come and have an informal fees. Interest charged from only on buying and selling Our first sale of the New Year is on chat before or after the auction 0.75% per calendar month. at auctions Wednesday 6th February so please contact with one of our team or call us to discuss any potential sales. If you 020 7655 3388 020 7637 4000 have registered for email updates you will us on 020 7637 4000. [email protected] LIANNE BARBIER automatically be notified when the new Your property may be repossessed if you do not keep up on your mortgage repayments or any other debt secured on it. A rate from 0.75% will be chargeable on the amount borrowed Administrator (Accounts) every calendar month. However rates are subject to change and will increase or decrease in line with movements in 3m LIBOR (The London Inter-Bank Offered Rate For Three Month catalogue is available on about 17th January. Sterling Deposits). Rates will be adjusted on each calendar month anniversary of the facility. The overall cost for comparison is 10.6% APR. 3
CA_Boat_Ad_Strettons_210x297mm.indd 1 9/18/18 3:33 PM ST_Auction Catalogue_Start Section_DEC 18.indd 3 21/11/2018 15:30 Call Now 020 3889 4403 Lines open from 9am to 9pm
BRIDGING & DEVELOPMENT FINANCE
Providing Funding Solutions for Success
AUCTION FINANCE DEVELOPMENT FINANCE
Terms Issued Within 15 Mins Fast Credit Backed Terms 75% LTV Rates From 0.70% 70% GDV 90% LTC Rates From 10% pa 65% LTV Rates From 0.53% 65% GDV 90% LTC Rates From 7.25% pa 50% LTV Rates From 0.43% 60% GDV 70% LTC Rates From 4.6% pa No Exit Fee No Exit Fee
KEY FEATURES
Open Market Valuations Same Day Approvals Interest Rolled Up/Serviced 2nd Charge Lending 100% of Refurbishment Cost Sharia Finance Options Funding Available in Days UK & Offshore Companies
CONTACT A MEMBER OF OUR TEAM TODAY
SHIRAZ KHAN KAREN RABY JORDAN SCRAGGS CONNOR KUS 07747 83 43 99 07956 88 22 88 07955 26 95 54 07447 49 92 43 [email protected] [email protected] [email protected] [email protected]
ST_Auction Catalogue_Start Section_DEC 18.indd 4 21/11/2018 15:30 Call Now 020 3889 4403 PRIVATE TREATY Lines open from 9am to 9pm EAST & NORTH LONDON | CITY & CITY FRINGE | WEST END
FREEHOLD A3 SHOP DEVELOPMENT OPPORTUNITY OFFICE & RESIDENTIAL UPPER PARTS
FOR SALE FOR SALE FOR SALE BRIDGING & DEVELOPMENT FINANCE
Providing Funding Solutions for Success
469 BETHNAL GREEN ROAD 124 DALBERG ROAD 764 LEA BRIDGE ROAD LONDON LONDON WALTHAMSTOW E2 9QH SW2 1AP E17 9DN
AREA: 11,513 ft² (1,069.7 m²) AREA: AREA: 567 ft² (52.7 m²) AREA: 968 ft² (89.9 m²) PLUS REAR YARD PRICE: OFFERS IN EXCESS OF £5,000,000 PRICE: OFFERS IN EXCESS OF £300,000 PRICE: £550,000
AUCTION FINANCE DEVELOPMENT FINANCE [email protected] [email protected] [email protected] 020 7614 0900 020 8509 4404 020 8509 4436 Terms Issued Within 15 Mins Fast Credit Backed Terms
75% LTV Rates From 0.70% 70% GDV 90% LTC Rates From 10% pa RETAIL SHOP WITH DEVELOPMENT COMMERCIAL INVESTMENT SELF-CONTAINED OFFICES POTENTIAL 65% LTV Rates From 0.53% 65% GDV 90% LTC Rates From 7.25% pa FOR SALE FOR SALE FOR SALE 50% LTV Rates From 0.43% 60% GDV 70% LTC Rates From 4.6% pa No Exit Fee No Exit Fee
KEY FEATURES
Open Market Valuations Same Day Approvals 2/2A, 386-388 HAROLD ROAD 1-5 THE PARADE, MONARCH WAY 104 NORTH STREET Interest Rolled Up/Serviced 2nd Charge Lending LONDON NEWBURY PARK ROMFORD E13 9AP IG2 7HT RM1 1DA 100% of Refurbishment Cost Sharia Finance Options AREA: 972 ft² (90.2 m²) AREA 1,247 ft² (116 m²) AREA: 1,610 ft² (149.5 m²) Funding Available in Days UK & Offshore Companies PRICE: £515,000 PRICE: OFFERS IN THE REGION OF £395,000 PRICE: OFFERS IN EXCESS OF £500,000 [email protected] [email protected] [email protected] 020 8509 4477 020 8509 4404 020 8509 4477 CONTACT A MEMBER OF OUR TEAM TODAY
SHIRAZ KHAN KAREN RABY JORDAN SCRAGGS CONNOR KUS 07747 83 43 99 07956 88 22 88 07955 26 95 54 07447 49 92 43 For more information & opportunities please visit strettons.co.uk 5 [email protected] [email protected] [email protected] [email protected]
ST_Auction Catalogue_Start Section_DEC 18.indd 5 21/11/2018 15:30 ORDER OF SALE MONDAY 10th DECEMBER 2018, 11am Please refer to additional sheet (if applicable) for extra lots
LOT ADDRESS
1 13 Dorset Road, Tottenham N15 5AJ 39 55 Meadow Street, & 31 Orchard Street, Weston-Super-Mare, 2 196 Capworth Street, Leyton E10 7HL Somerset BS23 1QJ 3 12 Staines Road, Ilford, Essex IG1 2XF 40 65 Meadow Street, Weston-Super-Mare Somerset BS23 1QL 4 110 Geere Road, Stratford E15 3PW 41 7,9 & 11 Locking Road, Weston-Super-Mare, Somerset BS23 3BY 5 The Cottage, R/O 20 Queens Road, Buckhurst Hill, Essex IG9 5BY 42 19 & 21 Locking Road, Weston-Super-Mare, Somerset BS23 3BY 6 6 Blanche Street, Canning Town E16 4JR 43 20 Orchard Place, Weston-Super-Mare, Somerset BS23 1QP 7 18 Beverley Road, Dagenham, Essex RM9 5HR 44 3, 5, 7 & 9 Silver Street, Enfield, Middlesex EN1 3EF 8 39 Saxon Road, Selhurst SE25 5EQ 45 Land on London Road, Reigate, Surrey RH2 9HY 9 The Brambles, 72E Capel Gardens, Pinner, Middlesex HA5 5RG 46 Land on the North Side of Mitcham Lane, Streatham SW16 1QJ 10 Flat 2, The Saddlery,1B Buttercross Lane, Epping, Essex CM16 5AA 47 Land at the Junction of Grange Road and Crescent Road, Ramsgate, Kent CT11 9RE 11 203 Dyke Road & 15 Caburn Road, Hove East, Sussex BN3 6EF 48 Land on the North East of Seymour Road, Chatham, Kent ME5 7AN 12 1 Suckley Villas, Nelson Road, Harrow-On-The Hill, Middlesex HA1 3ET 49 Land on the North Side of Dixon Street, Lincoln, Lincolnshire LN6 7DA 13 7 The Laurels, 65 Palmerston Road, Buckhurst Hill, Essex IG9 5NT 50 Land on the South East Side of Derby Road, Chesterfield, 14 26 Selsdon Road, Plaistow E13 9BX Derbyshire S40 2EU 15 42 Dunkirk Street, West Norwood SE27 9JQ 51 40-52 (Even) Willenhall Road and Adjoining Sites, Wolverhampton, 16 Flat 1, 14 Seymour Gardens, Ilford Essex IG1 3LN West Midlands WV1 2HF 17 20 Charlemont Road, East Ham E6 6HL 52 Land at Willenhall Road, Wolverhampton, West Midlands WV1 2HJ 18 15 Newport Road, Leyton E10 6PH 53 Land on the South West Side of Castle Street, Tyldesley, 19 90 Carr Road, Walthamstow E17 5EN Manchester M29 8GG 20 1-2 Clear View House, 12 Upper Sunbury Road, Hampton, 54 Land on the South Side of Bridge Street, Heywood, Middlesex TW12 2DL Manchester OL10 1JF 21 Flat 14 Grove End House, Grove End Road, St John’s Wood NW8 9HS 55 Land on the East Side of Chesterfield Road, Sheffield, South Yorkshire S8 0RW 22 66 Latona Road, Peckham SE15 6RY 56 Land at the Junction of Mount View Avenue & Derbyshire Lane, Flat 80 Rainier Apartments, 43 Cherry Orchard Road, Croydon, 23 Sheffield, South Yorkshire S8 8SG Surrey CR0 6FA 57 Land Adjacent 14 Blackburn Road, Rotherham, South Yorkshire S61 2DR 24 Flat A, 52 Chamberlayne Road, Kensal Rise NW10 3JH 58 Land on Albion Road, North Shields, Tyne & Wear NE29 0HS 25 77 Wharf Road, Grays, Essex RM17 5YX 59 Land Adjoining 103 High Street, Burton-on-Trent, Staffordshire DE14 1LJ 26 245c High Road, South Woodford E18 2PB 60 1-6 The Plains, Crescent Road, Chingford E4 6AU 27 66 Beulah Road, Walthamstow E17 9LQ 61 24/26 Bramley Close, Twickenham, Middlesex TW2 7EU 28 328 Romford Road, Forest Gate E7 8BS 62 16/18 Bramley Close, Twickenham, Middlesex TW2 7EU 29 25-27 Hockerill Street, Bishop’s Stortford, Hertfordshire CM23 2DH 63 40/42 Bramley Close, Twickenham, Middlesex TW2 7EU 30 523 Seven Sisters Road, Tottenham N15 6EP 64 20/22 Bramley Close, Twickenham, Middlesex TW2 7EU 31 379 Barking Road, East Ham E6 1LA 65 32/34 Bramley Close, Twickenham, Middlesex TW2 7EU 32 18 Queens Square, High Wycombe, Buckinghamshire HP11 2DF 66 48/50 Bramley Close, Twickenham, Middlesex TW2 7EU 33 54 High Street, Barnet, Hertfordshire EN5 5SJ 67 197/199 Kneller Road, Twickenham, Middlesex TW2 7DY 34 146 North Street, Romford, Essex RM1 1DL 68 44/46 Bramley Close, Twickenham, Middlesex TW2 7EU 35 The Compass Inn, 61 Green Street, Milton Malsor, Northampton, Northamptonshire NN7 3AT 69 193/195 Kneller Road, Twickenham, Middlesex TW2 7DY 36 58 Wordsworth Road, Loughborough, Leicestershire LE11 4LQ 70 Land at 75 Bramley Close, Twickenham, Middlesex TW2 7EU 37 81 & 83 Meadow Street, Weston-Super-Mare, Somerset BS23 1QL 71 9 Loftus Road, Shepherd’s Bush W12 7EH 38 47 Meadow Street, & 2 Hopkins Street, Weston-Super-Mare, 72 246-262 Central Park Road, East Ham E6 3AD Somerset BS23 1QJ 73 6 New King’s Road, Fulham SW6 4SA 74 Land R/O, 454-460 High Road, Leyton, E10 6QE
6
ST_Auction Catalogue_Start Section_DEC 18.indd 6 26/11/2018 14:39 ALPHABETICAL INDEX MONDAY 10th DECEMBER 2018, 11am Please refer to additional sheet (if applicable) for extra lots
E4 BUCKINGHAMSHIRE Lot 61 24/26 Bramley Close, Twickenham, Lot 60 1-6 The Plains, Crescent Road, Chingford Lot 32 18 Queens Square, High Wycombe Middlesex TW2 7EU E4 6AU Buckinghamshire HP11 2DF Lot 62 16/18 Bramley Close, Twickenham, Middlesex TW2 7EU E6 DERBYSHIRE Lot 63 40/42 Bramley Close, Twickenham, Lot 31 379 Barking Road, East Ham E6 1LA Lot 50 Land on the South East Side of Derby Road, Middlesex TW2 7EU Lot 72 246-262 Central Park Road, East Ham Chesterfield, Derbyshire S40 2EU Lot 64 20/22 Bramley Close, Twickenham, E6 3AD EAST SUSSEX Middlesex TW2 7EU Lot 17 20 Charlemont Road, East Ham E6 6HL Lot 11 203 Dyke Road & 15 Caburn Road, Lot 65 32/34 Bramley Close, Twickenham, Middlesex TW2 7EU E7 Hove, East Sussex BN3 6EF Lot 66 48/50 Bramley Close, Twickenham, Lot 28 328 Romford Road, Forest Gate E7 8BS ESSEX Middlesex TW2 7EU E10 Lot 10 Flat 2, The Saddlery,1B Buttercross Lane, Lot 68 44/46 Bramley Close, Twickenham, Lot 2 196 Capworth Street, Leyton E10 7HL Epping Essex CM16 5AA Middlesex TW2 7EU Lot 3 12 Staines Road, Ilford Essex IG1 2XF Lot 18 15 Newport Road, Leyton E10 6PH NORTHAMPTONSHIRE Lot 74 Land R/O, 454-460 High Road, Lot 16 Flat 1, 14 Seymour Gardens, Ilford, Essex IG1 3LN Lot 35 The Compass Inn, 61 Green Street, Leyton, E10 6QE Milton Malsor, Northampton, Lot 5 The Cottage, R/O 20 Queens Road, Northamptonshire NN7 3AT E13 Buckhurst Hill, Essex IG9 5BY Lot 14 26 Selsdon Road, Plaistow E13 9BX Lot 13 7 The Laurels, 65 Palmerston Road, SOUTH YORKSHIRE Buckhurst Hill, Essex IG9 5NT E15 Lot 57 Land Adjacent 14 Blackburn Road, Lot 34 146 North Street, Romford, Essex RM1 1DL Rotherham, South Yorkshire S61 2DR Lot 4 110 Geere Road, Stratford E15 3PW Lot 25 77 Wharf Road, Grays Essex RM17 5YX Lot 55 Land on the East Side of Chesterfield Road, E16 Lot 7 18 Beverley Road, Dagenham, Essex RM9 5HR Sheffield, South Yorkshire S8 0RW Lot 6 6 Blanche Street, Canning Town E16 4JR Lot 56 Land at the Junction of Mount View Avenue HERTFORDSHIRE & Derbyshire Lane, Sheffield South Yorkshire E17 Lot 29 25-27 Hockerill Street, Bishop’s Stortford S8 8SG Lot 19 90 Carr Road, Walthamstow E17 5EN Hertfordshire CM23 2DH STAFFORDSHIRE Lot 27 66 Beulah Road, Walthamstow E17 9LQ Lot 33 54 High Street, Barnet, Hertfordshire EN5 5SJ Lot 59 Land Adjoining 103 High Street, E18 KENT Burton-on-Trent, Staffordshire DE14 1LJ Lot 26 245c High Road, South Woodford E18 2PB Lot 47 Land at the Junction of Grange Road and Crescent Road, Ramsgate, Kent CT11 9RE SURREY N15 Lot 48 Land on the North East of Seymour Road, Lot 23 Flat 80 Rainier Apartments, 43 Cherry Lot 1 3 Dorset Road, Tottenham N15 5AJ Chatham Kent ME5 7AN Orchard Road, Croydon, Surrey CR0 6FA Lot 30 523 Seven Sisters Road, Tottenham N15 6EP Lot 45 Land on London Road, Reigate, LEICESTERSHIRE Surrey RH2 9HY NW8 Lot 36 58 Wordsworth Road, Loughborough, Lot 21 Flat 14 Grove End House, Grove End Road, Leicestershire LE11 4LQ SOMERSET St John’s Wood NW8 9HS Lot 39 55 Meadow Street, & 31 Orchard Street, LINCOLNSHIRE Weston-Super-Mare Somerset BS23 1QJ NW10 Lot 49 Land on the North Side of Dixon Street, Lot 38 47 Meadow Street, & 2 Hopkins Street, Lot 24 Flat A, 52 Chamberlayne Road, Kensal Rise Lincoln, Lincolnshire LN6 7DA Weston-Super-Mare Somerset BS23 1QJ NW10 3JH MANCHESTER Lot 37 81 & 83 Meadow Street, Weston-Super-Mare Somerset BS23 1QL SE15 Lot 53 Land on the South West Side of Castle Lot 40 65 Meadow Street, Weston-Super-Mare, Street, Tyldesley, Manchester M29 8GG Lot 22 66 Latona Road, Peckham SE15 6RY Somerset BS23 1QL Lot 54 Land on the South Side of Bridge Street, Lot 43 20 Orchard Place, Weston-Super-Mare, SE25 Heywood, Manchester OL10 1JF Lot 8 39 Saxon Road, Selhurst SE25 5EQ Somerset BS23 1QP MIDDLESEX Lot 41 7,9 & 11 Locking Road, Weston-Super-Mare, SE27 Lot 12 1 Suckley Villas, Nelson Road, Harrow-On- Somerset BS23 3BY Lot 15 42 Dunkirk Street, West Norwood SE27 9JQ The Hill, Middlesex HA1 3ET Lot 42 19 & 21 Locking Road, Weston-Super-Mare, Somerset BS23 3BY SW6 Lot 44 3, 5, 7 & 9 Silver Street, Enfield, Middlesex EN1 3EF Lot 73 6 New King’s Road, Fulham SW6 4SA TYNE & WEAR Lot 9 The Brambles, 72E Capel Gardens, Pinner, Lot 58 Land on Albion Road, North Shields, Middlesex HA5 5RG SW16 Tyne & Wear NE29 0HS Lot 46 Land on the North Side of Mitcham Lane, Lot 20 1-2 Clear View House, 12 Upper Sunbury Streatham SW16 1QJ Road, Hampton Middlesex TW12 2DL WEST MIDLANDS Lot 69 193/195 Kneller Road, Twickenham, Lot 51 40-52 (Even) Willenhall Road and W12 Middlesex TW2 7DY Adjoining Sites, Wolverhampton, Lot 71 9 Loftus Road, Shepherd’s Bush W12 7EH Lot 70 Land at 75 Bramley Close, Twickenham, West Midlands WV1 2HF Middlesex TW2 7EU Lot 52 Land at Willenhall Road, Wolverhampton, Lot 67 197/199 Kneller Road, Twickenham, West Midlands WV1 2HJ Middlesex TW2 7DY
7
ST_Auction Catalogue_Start Section_DEC 18.indd 7 26/11/2018 14:39 PRIVATE TREATY – RESIDENTIAL RESIDENTIAL | SALES | LETTINGS
3 BED TERRACED HOUSE 3 BED TERRACED HOUSE GROUND FLOOR FLAT
BELGRAVE ROAD, QUEENS ROAD, VICTORY ROAD, WALTHAMSTOW, WALTHAMSTOW, WANSTEAD, E17 8QD E17 8QP E11 1UL
3 Bedrooms, 1 Reception, 3 Bedrooms, 1 Reception, 2 Bedroom, Reception, 1 Bathroom 2 Bathrooms, Cellar Bathroom
OFFERS IN EXCESS OF OFFERS IN EXCESS OF OFFERS IN REGION OF £550,000 (FREEHOLD) £599,950 (FREEHOLD) £375,000 (LEASEHOLD)
1 & 2 BED APARTMENTS FIRST FLOOR FLAT GROUND FLOOR FLAT WALTHAMSTOW THE SHRUBBERY, SOLD NEWMAN ROAD, GATEWAY, GROSVENOR ROAD, WALTHAMSTOW, WALTHAMSTOW, E11 2EL E17 7AZ E17 9GY 2 Bedrooms, 1 Reception, (Leasehold) Own private A collection of spacious highly 1 Bathroom garden, 1 Bedroom, specified 1 & 2 Bedroom Reception, Bathroom apartments ranging from: SOLD AT £299,995 1 BEDS £380,000 OFFERS IN REGION OF (LEASEHOLD) MORE 2 BEDS £480,000 £375,000 (LEASEHOLD) PROPERTIES REQUIRED
CONTACT: 020 8520 9911 [email protected] Michael Mercer Nerissa Harris Stephen Agathangelou Sales & Lettings Manager Residential Surveyor Head of New Homes Residential Agency & New Homes Valuation & Advisory Services East & North London 020 8509 4406 020 8509 4418 020 8509 4457
ARE YOUR INSURANCE Instant Cover, PREMIUMS No Proposal Forms, COMPETITIVE? Commercial and Residential Property Let us save you money on your buildings insurance. FOR MORE INFORMATION Our expertise is in understanding property Visit us at our Insurance owners requirements. We have made savings in Desk at the Auction or contact: premiums for a range of property owning clients. Ram Bekir [email protected] Special Arrangement with 020 8520 9911
Strettons is authorised and regulated by the Financial Conduct Authority (FCA). Our reference number is 304388 which can be checked at www.fca.org.uk/register NIG policies are underwritten by UK Insurance Limited, The Wharf, Neville Street, Leeds, LS1 4AZ. Company No. 1179980. UK Insurance Limited is authorised and regulated by the Financial Conduct Authority. strettons.co.uk
8
ST_Auction Catalogue_Start Section_DEC 18.indd 8 21/11/2018 16:42
AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 1 13 DORSET ROAD, TOTTENHAM, N15 5AJ FREEHOLD VACANT HOUSE FOR REPAIR/MODERNISATION WITH POTENTIAL FOR CONVERSION INTO FLATS LOCATION & DESCRIPTION A large double fronted terraced property in this cul-de-sac off West Green Road opposite Avenue Road and ½ mile from Seven Sisters mainline & underground station (Victoria line) in the Clyde Circus conservation area. ACCOMMODATION First Floor: 4 rooms, bathroom/WC Ground Floor: 2 rooms, kitchen leading to WC Tunnel walkway from front to the rear garden Part double glazed, central heating OFFERED VACANT FOR REPAIR/MODERNISATION WITH POTENTIAL FOR CONVERSION INTO FLATS (STPP) Historically used as a shop but most recently as a house and now listed for Council Tax only as a mixed use property in band C. EPC RATING: On application VIEWINGS All at 10.45am Tuesday 27th November and Thursday 29th November Tuesday 4th December and Thursday 6th December JOINT AUCTIONEER A & G Guiver 01992 467676 Ref: Mark Guiver
*GUIDE PRICE: £390,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
LOT 2 196 CAPWORTH STREET, LEYTON, E10 7HL FREEHOLD VACANT HOUSE FOR IMPROVEMENT LOCATION & DESCRIPTION A two storey double-bayed terraced house. On the north side of Capworth Street between Manor Road and Vicarage Road accessed via both Church Road and Lea Bridge Road (A104). Leyton Midland Road mainline station is just over ½ mile away. ACCOMMODATION First Floor: 3 rooms, bathroom/WC Ground Floor: Throughroom, kitchen, utility room, sep. WC Cellar Central heating, double glazing Rear garden. OFFERED VACANT FOR IMPROVEMENT EPC RATING: D
*GUIDE PRICE: £390,000 - £400,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 10 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 3 12 STAINES ROAD, ILFORD, ESSEX, IG1 2XF FREEHOLD VACANT HOUSE FOR REPAIR/MODERNISATION LOCATION & DESCRIPTION A two storey terraced house on the south side and at the west end of Staines Road reached from Ilford Lane (A123). Between both central Ilford and central Barking each with their mainline stations and with Barking having its underground (District and Hammersmith & City line) station, as well as numerous shops and restaurants. ACCOMMODATION First Floor: 3 rooms Ground Floor: 2 rooms, kitchen with shower External WC Gardens to front and rear OFFERED VACANT FOR REPAIR/MODERNISATION AND WITH SOME ORIGINAL FEATURES EPC RATING: G VIEWINGS All at 10.30 am Wednesday 28th & Friday 30th November Monday 3rd December & Wednesday 5th December
*GUIDE PRICE: £275,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 4 110 GEERE ROAD, STRATFORD, E15 3PW FREEHOLD VACANT HOUSE FOR REPAIR LOCATION & DESCRIPTION A single bayed terraced house on the west side of Geere Road, a residential cul-de-sac linking Portway to the north and providing pedestrian access south to Plaistow Road. Stratford town centre is about a mile away and Plaistow underground station (District & Metropolitan lines) within a ¼ mile. ACCOMMODATION Second/Attic Floor: 1 room (reduced headroom) First Floor: 4 rooms Ground Floor: 2 rooms, kitchen, bathroom/shower/WC Rear lean-to Gardens front and rear
PLANNING GRANTED Ref: 17/03321 & 17/02902 for a two storey rear extension and loft conversion. OFFERED VACANT FOR REPAIR WITH CONSENT TO EXTEND EPC RATING: D
*GUIDE PRICE: £450,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 11 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 5 THE COTTAGE, R/O 20 QUEENS ROAD, BUCKHURST HILL, ESSEX, IG9 5BY FREEHOLD VACANT COTTAGE FOR MODERNISATION LOCATION & DESCRIPTION A two storey terraced cottage within a small courtyard accessed via a tunnel between 20 & 22 Queens Road, directly opposite the Waitrose supermarket. Buckhurst Hill underground station (Central line) and 'village' centre is close by. ACCOMMODATION First Floor: 2 rooms Ground Floor: 1 room, WC
PLANNING GRANTED by Epping Forest District Council (Ref: EPF/0426/17) for the retention of the existing rear structure in residential use. OFFERED VACANT FOR MODERNISATION EPC RATING: On application
*GUIDE PRICE: £225,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 6 6 BLANCHE STREET, CANNING TOWN, E16 4JR FREEHOLD VACANT HOUSE FOR REPAIR LOCATION & DESCRIPTION A two storey terraced house with attic floor on the south side of Blanche Street off Hermit Road just north of its junction with Barking Road (A124). Local shopping facilities are along Hermit Road, Barking Road and Canning Town underground (Jubilee line) and DLR stations are about ½ mile away. ACCOMMODATION Top (Attic) Floor: 3 rooms (2 with sloping ceilings) shower room (no fittings) First Floor: 3 rooms, bathroom/WC (no fittings) Ground Floor: 2 rooms, L shaped kitchen/dining room (no fittings) Rear patio garden, outbuilding Front garden with off street parking OFFERED VACANT FOR REPAIR EPC RATING: On application
*GUIDE PRICE: £350,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 12 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 7 18 BEVERLEY ROAD, DAGENHAM, ESSEX, RM9 5HR FREEHOLD VACANT HOUSE WITH POTENTIAL FOR OTHER USES LOCATION & DESCRIPTION An end of terrace property with large driveway providing parking for a number of cars. Forming part of a cul-de-sac south of Wood Lane close to Valence Park about a mile from Dagenham Heathway station (District line). Dagenham has good road links with the A13 which links to the A406 and M25. ACCOMMODATION Second/Top Floor: 2 rooms (both with en-suite shower room/WC) First Floor: 2 rooms (both with en-suite shower room/WC) Ground Floor: 2 rooms (one with en-suite shower room/WC and one with en-suite bathroom/WC), fitted kitchen, boiler room Large driveway Small rear garden NOTE Subject to the necessary planning permission the property may be suitable for alternative uses including doctors surgery, dentist or nursery. OFFERED VACANT EPC RATING: B
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £425,000 plus ES100004608 ES100004608
IN SAME FAMILY LOT OWNERSHIP FOR 8 OVER 50 YEARS 39 SAXON ROAD, SELHURST, SE25 5EQ FREEHOLD PAIR OF FLATS EACH LET ON AN AST LOCATION & DESCRIPTION A two storey double bayed semi-detached property comprising two self- contained flats each benefiting from central heating and double glazing. On the south side of Saxon Road at the junction with Eileen Road and just off Whitehorse Road (A212) which links with Thornton Heath High Street about ½ mile north. Selhurst mainline station is about ¼ mile away and Croydon University Hospital about a mile away. ACCOMMODATION First Floor Flat: 3 rooms (one in attic), kitchen, bathroom, sep. WC Let on a 12 month AST from 29.05.2015 (holding over) at £912.60 pcm Ground Floor Flat: 3 rooms, kitchen, bathroom, sep. WC Sole use of rear garden Let on a 12 month AST from 03.12.2013 (holding over) at £737.58 pcm. NOTE There may be potential to extend the ground floor flat subject to all necessary consents. EQUIVALENT TO £19,802.16 p.a. EPC RATING: Ground Floor Flat: D First Floor Flat: E JOINT AUCTIONEER Peter James Estates Tel: 020 3906 1925 Ref: Peter Burchell or Lee Davis
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £430,000 - £440,000 ES100004608 ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 13 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 9 THE BRAMBLES, 72E CAPEL GARDENS, PINNER, MIDDLESEX, HA5 5RG FREEHOLD VACANT HOUSE FOR MODERNISATION LOCATION & DESCRIPTION A two storey semi-detached house forming part of a cul-de-sac within an established residential area north of Pinner Road, west of George V Avenue (A404), close to local schools and about ¾ mile from the popular town centre and Pinner underground station (Metropolitan line). Pinner lies about 14 miles from central London. ACCOMMODATION First Floor: 4 rooms (one with en-suite shower room/WC) bathroom/WC Ground Floor: Lounge leading through to dining room, kitchen, sep. WC Integral garage Front and rear gardens NOTE There may be potential to convert the garage into a room subject to all necessary consents. OFFERED VACANT FOR MODERNISATION EPC RATING: D
*GUIDE PRICE: £400,000 - £420,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 10 FLAT 2 THE SADDLERY, 1B BUTTERCROSS LANE, EPPING, ESSEX, CM16 5AA LONG LEASEHOLD VACANT FLAT LOCATION & DESCRIPTION A recently refurbished self-contained first floor flat above 'Fat Face' accessed via Buttercross Lane and forming part of a Grade II listed building. In the heart of Epping High Street with its numerous multiple retailers, restaurants, cafe's and banks. Epping underground station (Central line) is approximately ½ mile away. ACCOMMODATION Lobby with sep. WC, 2 rooms (one with open plan fitted kitchen), bathroom/WC Central heating. OFFERED VACANT FOR OCCUPATION OR INVESTMENT LEASE DETAILS 125 years from 04.04.2017 EPC RATING: On application
*GUIDE PRICE: £210,000 - £215,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 14 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000
BY ORDER OF B TOBIN & P JOSEPH LOT 11 OF STRETTONS AS LPA RECEIVERS 203 DYKE ROAD, & 15 CABURN ROAD, HOVE, EAST SUSSEX, BN3 1TL & BN3 6EF TWO INTERCOMMUNICATING FREEHOLD SEMI-DETACHED HOUSES
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
• 2 Substantial Properties LOCATION & DESCRIPTION • High Income Potential A pair of intercommunicating semi-detached houses in need of modernisation at the junction of Dyke Road (A2010) • Development Potential and Old Shoreham Road with return frontage to Caburn Road within walking distance of Brighton mainline station in the heart of the city and just under ½ mile from the main Brighton beach front. • Sought After Location ACCOMMODATION 203 Dyke Road: 8 bedrooms, 3 bathrooms, 2 kitchens, 2 separate WC's, sitting room, courtyard, rear garden JOINT AUCTIONEER 15 Caburn Road: 13 bedrooms (3 ensuite), 4 bathrooms, large dining area/lounge, sitting room, 2 separate WC's, Flude Commercial small rear garden, 3 parking spaces Tel: 01273 727070 PLANNING 203 Dyke Road: Planning permission granted for use as an HMO under planning ref BH2012/03680 15 Caburn Rd: Planning application made (BH2018/00014) in January 2018 for conversion into 5 x 1 bed & 3 x 2 bed flats (decision awaited) TENANCY DETAILS Subject to such occupation as is subsisting at completion. EPC RATING: 203 Dyke Road: On Application 15 Caburn Road: D
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
*GUIDE PRICE: On application
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 15 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
IN SAME OWNERSHIP LOT 12 FOR OVER 50 YEARS 1 SUCKLEY VILLAS, NELSON ROAD, HARROW-ON-THE-HILL, MIDDLESEX, HA1 3ET FREEHOLD RESIDENTIAL INVESTMENT - ASSURED TENANCY LOCATION & DESCRIPTION A two storey semi-detached house within this picturesque cul-de-sac forming part of the Harrow-on-the-Hill Village conservation area, close to Churchfields public space and a short distance from the High Street which includes the well known Harrow School. St Anns shopping centre and Harrow-on-the-Hill station (Metropolitan line and mainline) are within about ¾ mile. ACCOMMODATION First Floor: 3 rooms, sep. WC Ground Floor: Through room, kitchen, bathroom/WC Front and rear gardens
Let on an Assured Tenancy at £191.38 per week. NOTE The rent will increase to a maximum sum as may be awarded to the tenant by Harrow Council in respect of housing benefit up until 17.05.2022. After that, the tenant is to pay the market rent. EQUIVALENT TO £9,951.76 p.a. EPC RATING: E
*GUIDE PRICE: £380,000 - £400,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
BY ORDER OF LOT 13 EXECUTORS 7 THE LAURELS, 65 PALMERSTON ROAD, BUCKHURST HILL, ESSEX, IG9 5NT LONG LEASEHOLD VACANT FLAT FOR IMPROVEMENT LOCATION & DESCRIPTION A ground floor purpose built flat within this mansion block on the north side of Palmerston Road close to its junction with Roebuck Lane and Kings Avenue and about ⅓ mile from Buckhurst Hill underground (Central line) station. Queens Road is within a few minutes walk offering a selection of shops, bars and restaurants. ACCOMMODATION 3 bedrooms (2 double and 1 single), lounge, kitchen Bathroom/WC, communal gardens OFFERED VACANT FOR IMPROVEMENT LEASE DETAILS 999 years from 1963 EPC RATING: D
*GUIDE PRICE: £275,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 16 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 14 26 SELSDON ROAD, PLAISTOW, E13 9BX FREEHOLD VACANT HOUSE FOR MODERNISATION LOCATION & DESCRIPTION A two storey terraced house on the west side of Selsdon Road just off Green Street between Walton Road and Harold Road close to the corner with Orwell Road. Within walking distance of Upton Park station (District line) and Queens Market local shopping area. ACCOMMODATION First Floor: 3 rooms Ground Floor: Through-room, further room, kitchen, shower room/WC Rear garden OFFERED VACANT FOR MODERNISATION EPC RATING: E JOINT AUCTIONEER Falconer and Co Tel: 020 8472 2870
*GUIDE PRICE: £350,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 15 42 DUNKIRK STREET, WEST NORWOOD, SE27 9JQ FREEHOLD RESIDENTIAL INVESTMENT - HOUSE LET ON AST LOCATION & DESCRIPTION A two storey, end of terrace house just off Norwood High Street and about ¼ mile from West Norwood mainline station. Norwood Park is within ¾ mile. West Norwood has good roads access via the A205 South Circular Road and lies about 6 miles south east of central London. ACCOMMODATION First Floor: 2 rooms, bathroom/WC Ground Floor: 1 room, kitchen
Front and rear garden
Let on a 6 month AST from 13.11.2018 at £1,000 pcm EQUIVALENT TO £12,000 p.a. EPC RATING: D
*GUIDE PRICE: £370,000 - £380,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 17 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 16 FLAT 1, 14 SEYMOUR GARDENS, ILFORD, ESSEX, IG1 3LN LONG LEASEHOLD VACANT FLAT WITH PLANNING PERMISSION, LICENCE TO ALTER & SHARE OF FREEHOLD LOCATION & DESCRIPTION A self-contained ground floor flat forming part of a double fronted two storey property. On the west side of Seymour Gardens off The Drive Gardens close to Ilford town centre with its shopping facilities and Ilford mainline station which will benefit from Crossrail. ACCOMMODATION Living/bedroom, kitchen, bathroom/WC PLANNING GRANTED (ref: 0036/17) for a single storey rear extension. OFFERED VACANT WITH PLANNING PERMISSION, LICENCE TO ALTER & SHARE OF FREEHOLD LEASE DETAILS Approximately 964 years unexpired. NOTE 1. A six week completion is offered. 2. The seller is the freeholder by agreement with the other leaseholders and after completion intends to transfer the freehold in equal shares to all of the other leaseholders. The building is managed by the leaseholders of the 4 flats and ground rent is not collected. EPC RATING: D *GUIDE PRICE: £155,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 17 20 CHARLEMONT ROAD, EAST HAM, E6 6HL LONG LEASEHOLD VACANT FLAT LOCATION & DESCRIPTION A ground floor flat with own street entrance on the south side of Charlemont Road off High Street South (A117) between Johnstone Road and Norman Road. Within a mile of Becton Station (DLR) and within close proximity of the A13 and A406. ACCOMMODATION Ground Floor Flat: 3 rooms, kitchen, bathroom/WC Central heating, double glazing Own section of rear garden. THE GROUND FLOOR FLAT IS OFFERED VACANT FOR OCCUPATION OR INVESTMENT LEASE DETAILS A new lease to be granted on completion on terms similar to that for the first floor flat, with modifications, for 99 years from 01.01.2018 at a ground rent of £100 p.a. rising every 20 years. NOTE A six week completion is available EPC RATING: D
*GUIDE PRICE: £225,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 18 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 18 15 NEWPORT ROAD, LEYTON, E10 6PH LONG LEASEHOLD VACANT FLAT FOR REPAIR/IMPROVEMENT LOCATION & DESCRIPTION A ground floor self-contained flat with own street door on the north west side of Newport Road off Francis Road and within walking distance of central Leyton with its underground station (Central line). Close also to the A12 which leads to the Queen Elizabeth Park and Westfield Stratford City about 1½ miles away. ACCOMMODATION 3 rooms, kitchen, bath(small)/WC Central heating, double glazing Own section of rear garden. OFFERED VACANT FOR SOME REPAIR/IMPROVEMENT ALTHOUGH THE FLAT HAS RECENTLY BEEN REDECORATED LEASE DETAILS New 125 year lease at £250 p.a. (rising) EPC RATING: D VIEWINGS All at 9.30 am Tuesday 27th November and Thursday 29th November Tuesday 4th December and Thursday 6th December
*GUIDE PRICE: £295,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 19 90 CARR ROAD, WALTHAMSTOW, E17 5EN LEASEHOLD VACANT FLAT LOCATION & DESCRIPTION A purpose built ground floor Warner style flat with own street entrance. On the east side of Carr Road off Winns Avenue and within walking distance of Lloyd Park, William Morris Gallery and Forest Road (A503). Walthamstow town centre, bus, underground and mainline station are just under a mile away. ACCOMMODATION 3 rooms, kitchen, bathroom/WC Own section of rear garden Double glazing, central heating OFFERED VACANT LEASE DETAILS 99 years from 29.9.1985 at a ground rent of £60 p.a. EPC RATING: D
*GUIDE PRICE: £300,000 - £305,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 19 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
B TOBIN & P JOSEPH LOT OF STRETTONS AS LPA 20 RECEIVERS 1 - 2 CLEAR VIEW HOUSE, 12 UPPER SUNBURY ROAD, HAMPTON, MIDDLESEX, TW12 2DL LONG LEASEHOLD VACANT FLAT LOCATION & DESCRIPTION A split level flat arranged over ground and lower ground floors within a modern purpose built detached building. Located on the north side of Upper Sunbury Road (A308) close to its junction with Percy Road and Lower Sunbury Road and opposite Thames Water. The River Thames runs along the southern side of the A308 which is a prime traffic route leading to Sunbury-on-Thames approximately 2 miles to the west and Kingston. The nearest station is Hampton approximately 200m to the north. ACCOMMODATION Ground Floor: Open plan reception, kitchen, sep. WC Lower Ground Floor: 3 bedrooms (1 ensuite), bathroom/WC Rear garden OFFERED VACANT AND SUITABLE FOR INVESTMENT/OCCUPATION LEASE DETAILS Available on request EPC RATING: D JOINT AUCTIONEER Dexters Tel: 020 8255 7777
*GUIDE PRICE: £450,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 21 14 GROVE END HOUSE, GROVE END ROAD, ST JOHN'S WOOD, NW8 9HS LEASEHOLD VACANT FLAT FOR IMPROVEMENT/MODERNISATION LOCATION & DESCRIPTION A ground floor flat within this mansion block on the west side of Grove End Road at its junction with St John's Wood Road (A5205) about ¾ mile from St John's Wood Underground station (Jubilee line). Lords Cricket Ground and St John's Wood High Street are within walking distance. ACCOMMODATION Communal entrance lobby with concierge Courtyard with access to ground floor flat 2 rooms, kitchen, bathroom/WC Outside store cupboard Landscaped communal gardens OFFERED VACANT FOR IMPROVEMENT/MODERNISATION LEASE DETAILS 99 years from 29.09.1981 EPC RATING: C
*GUIDE PRICE: £390,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 20 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 22 66 LATONA ROAD, PECKHAM, SE15 6RY LONG LEASEHOLD VACANT SPLIT-LEVEL FLAT LOCATION & DESCRIPTION A split level second floor flat with a balcony, within a purpose built block located on the south side of Latona Road close to its junction with Haymerle Road within the Willowbrook Estate, south of the Old Kent Road and east of Burgess Park. Within a residential area approximately 2 miles south east of the City of London. ACCOMMODATION Top Floor: 2 rooms, bathroom, sep. WC Second Floor: Reception with balcony, kitchen OFFERED VACANT, RECENTLY REFURBISHED AND SUITABLE FOR OCCUPATION OR INVESTMENT LEASE DETAILS Available on request EPC RATING: D
*GUIDE PRICE: £275,000 - £290,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
BY ORDER OF LOT 23 RECEIVERS FLAT 80 RAINIER APARTMENTS, 43 CHERRY ORCHARD ROAD, CROYDON, SURREY, CR0 6FD LONG LEASEHOLD VACANT NEWLY BUILT APARTMENT LOCATION & DESCRIPTION A 12th floor apartment within this recently constructed 18 storey block close to Croydon East railway station (trains to London Bridge & Victoria stations) and about 2 miles from the A23 (Purley Way) connecting with the M23 & M25. The Centrale/Whitgift shopping centre is about a half mile away. ACCOMMODATION Ground Floor: Communal lobby with 24 hour concierge. 12th Floor: Bedroom, living room/kitchen, bathroom/WC, utility room, balcony Community scheme heating and hot water system, double glazing OFFERED VACANT FOR OWNER OCCUPATION OR INVESTMENT LEASE DETAILS 999 years from 01.01.2014 EPC RATING: B
*GUIDE PRICE: £260,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 21 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 24 FLAT A 52 CHAMBERLAYNE ROAD, KENSAL RISE, NW10 3JH LONG LEASEHOLD FLAT LET ON AN AST LOCATION & DESCRIPTION A well presented ground floor self-contained flat to the rear of a three storey mixed commercial/residential property on the west side of Chamberlayne Road within walking distance of Kensal Rise mainline station and Kensal Green underground station (Bakerloo line). There are local shopping and restaurant facilities and Queen's Park public open space is within close proximity. ACCOMMODATION Front communal entrance. Inner door to hallway 3 rooms, ensuite bathroom, shower room/WC, kitchen Central heating, double glazing Let on AST for 6 months from November 2018 at £1,581.67 pcm. EQUIVALENT TO £18,980 p.a. LEASE DETAILS 999 years from 2007 EPC RATING: C
*GUIDE PRICE: £285,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 25 77 WHARF ROAD, GRAYS, ESSEX, RM17 5YX LONG LEASEHOLD RESIDENTIAL INVESTMENT LOCATION & DESCRIPTION A ground floor self-contained flat within a two storey block on the east side of Wharf Road between its junction with London Road (A126) and Argent Street just north of the River Thames. Grays town centre and the mainline station are within about a ½ mile. ACCOMMODATION 3 rooms, kitchen, bathroom/WC Garage en bloc and allocated parking space. Let on an AST for 1 year from 30.08.2018 at £780 pcm. EQUIVALENT TO £9,360 p.a. LEASE DETAILS 125 years from 01.10.1989 EPC RATING: E
*GUIDE PRICE: £130,000 - £140,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 22 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 26 245C HIGH ROAD, SOUTH WOODFORD, E18 2PB LONG LEASEHOLD VACANT FLAT LOCATION & DESCRIPTION A first floor self-contained flat above a beauty salon on High Road South Woodford on the corner with Derby Road facing the Tesco Express. Public transport is provided by bus routes along the High Road and South Woodford Underground station (Central line) is within ¾ mile. ACCOMMODATION First Floor Flat: Living room with recessed kitchen area, bedroom, shower room/WC. OFFERED VACANT FOR INVESTMENT OR OWNER OCCUPATION LEASE DETAILS 99 years from 29.09.2011 EPC RATING: D
*GUIDE PRICE: £190,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
ON THE MARKET FOR LOT THE FIRST TIME IN 27 OVER 100 YEARS 66 BEULAH ROAD, WALTHAMSTOW, E17 9LQ FREEHOLD REGULATED INVESTMENT LOCATION & DESCRIPTION A three story terraced house located on the west side of Beulah Road close to the junction with Grosvenor Park East in the popular Walthamstow Village approximately ½ mile from Walthamstow stations and town centre. ACCOMMODATION We are advised the accommodation comprises: Second Floor/Attic: 1 room First Floor: 2 rooms Ground Floor: 1 room, kitchen Basement: 1 room, bathroom/WC
Subject to a regulated tenancy at a registered rent of £58 per week effective from March 2015 and due for re-registration. EQUIVALENT TO £3,016 p.a. EPC RATING: On application
*GUIDE PRICE: £400,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 23 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 28 328 ROMFORD ROAD, FOREST GATE E7 8BS FREEHOLD VACANT PLACE OF WORSHIP (D1) WITH DEVELOPMENT/CONVERSION POTENTIAL
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
• Religious/Community LOCATION & DESCRIPTION Building A substantial four storey detached building (including lower ground floor) in a prominent corner position on the south • Prominent Location side of Romford Road (A118) at its junction with Palmerston Road midway between Upton Lane and Green Street. Within a mixed residential and commercial area opposite a McDonalds 'drive thru' close to Forest Gate mainline • Potential for Alternative station. Uses (stc) The lower ground, ground and first floors are used for worship and community activities with the ground and first floor predominantly in open plan. The top floor is in residential use. There are various WC/wash facilities. The lower ground floor is arranged as individual rooms, kitchen and store areas JOINT AUCTIONEER and additional WC's. The second floor is accessed internally and comprises five rooms, kitchen, bathroom and sep. Kemsley WC. There is car parking for about 8-10 vehicles. Tel: 01245 342051 Ref: Chris Cornhill ACCOMMODATION Ground 1,216 sq ft (113 sq m) First 1,259 sq ft (117 sq m) Second (Flat) 1,249 sq ft (116 sq m) Lower Ground 1,119 sq ft (104 sq m) TOTAL 4,843 sq ft (450 sq m)
OFFERED VACANT WITH DEVELOPMENT/CONVERSION POTENTIAL (SUBJECT TO PLANNING PERMISSION) EPC RATING: Not applicable
*GUIDE PRICE: £1.7m plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 24 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 29 25/27 HOCKERILL ST, BISHOP'S STORTFORD HERTFORDSHIRE CM23 2DH FREEHOLD VACANT COMMERCIAL PROPERTY WITH DEVELOPMENT POTENTIAL
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
• Vacant Freehold LOCATION & DESCRIPTION • Close to the Town Centre & A Grade II listed, substantial two storey property comprising a ground floor commercial premises and separate front Mainline Station access to office accommodation above. On the north side of Hockerill Street (A1250), within the Bishop's Stortford conservation area, close to the town • Development Potential centre and just over ¼ mile from Bishop’s Stortford mainline station. Bishop’s Stortford is a popular market town about (subject to consents) 30 miles north of central London and has good road access via the M11. Stansted Airport is within about a 15 minute drive. ACCOMMODATION Ground Floor: 2,393 sq ft (222.3 sq m) plus 3 WCs and kitchenette First Floor Offices (25a): 1,254 sq ft (116.5 sq m) First Floor Offices (25b): 1,049 sq ft (97.5 sq m) - Based on VOA. See Planning First Floor: Male & Female WCs
PLANNING Granted by East Herts Council on 02.01.2014 (Ref: 3/13/1920/FP) (now lapsed) for change of use of the offices at 25b Hockerill Street to form 1x1 bed flat and 1x 2 bed flat with external alterations. OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO CONSENTS)
EPC RATING: On application
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: £425,000 - £450,000
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 25 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 30 523 SEVEN SISTERS ROAD, TOTTENHAM N15 6EP FREEHOLD COMMERCIAL INVESTMENT & 4 VACANT FLATS
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
• Shop let at £15,000 p.a. LOCATION & DESCRIPTION rising to £17,500 p.a. in A mainly three storey property comprising a ground floor shop and four self-contained flats above (partly over an 2020 accessway). On the north side of the A503 Seven Sisters Road which links with Holloway Road to the west and the A10 High Road • 4 Vacant Flats for Repair to the east and forming part of an established parade. Seven Sisters (overground and Victoria line), Stamford Hill and • Development Potential South Tottenham overground stations are all within ½ mile. (subject to consents) ACCOMMODATION • Close to Seven Sisters, Ground Floor: 997 sq ft (92.6 sq m) – From floor plan. South Tottenham & Let on a repairing and insuring lease to Barrington Hemans (trading as a bakery) for 10 years from 20.01.2018 at Stamford Hill Stations £15,000 p.a. (by way of a personal concession) rising to £17,500 p.a. on 20.01.2020. Rent review 2023. The provisions • EPC Rating: On Application of sections 24-28 of the Landlord & Tenant Act 1954 (security of tenure) are excluded. First Floor Flat A: Bedroom, living room/kitchen, bathroom/WC First Floor Flat B: Studio room, shower room/WC Second Floor Flat C: Studio room, shower room/WC Second Floor Flat D: Bedroom, living room/kitchen, shower room/WC EQUIVALENT TO £15,000 p.a. PLUS 4 VACANT FLATS FOR REPAIR NOTE 1. Potential to extend at the back of the second floor and into the roof subject to consents. 2. Potential to convert the rear of the shop into residential subject to possession and consents.
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
*GUIDE PRICE: £825,000 - £850,000
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 26 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 31 379 BARKING ROAD, EAST HAM E6 1LA FREEHOLD COMMERCIAL INVESTMENT
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
• Equivalent to £18,000 p.a. LOCATION & DESCRIPTION • Rent Review Outstanding A mainly two storey property comprising a ground floor shop with first floor ancillary accommodation. Towards the • Development Potential rear is a further two storey property which is accessed via High Street North. On the northern side of the busy A124 Barking Road, close to the town hall and near to the junction with High Street (subject to consents) North where there is a variety of multiple retailers including Betfred, Lloyds Bank, Paddy Power and McDonald's • Adjoining Site has PP for amongst others. East Ham underground station (District, Hammersmith & City lines) is about ½ mile away. Substantial Scheme PLANNING • EPC Rating: D The adjoining site has planning permission granted by London Borough Newham on 09.05.2018 (Ref:16/03805/FUL) to provide two retail units, a gym and 98 residential units ACCOMMODATION (Details provided by the seller) Front Building Ground Floor: 635 sq ft (59 sq m) First Floor: 300 sq ft (27.8 sq m) Rear Building Ground Floor: 312 sq ft (29 sq m) First Floor: 312 sq ft (29 sq m) The entire property is let on a repairing and insuring lease to Paul John Barter (trading as a beds/furniture store) for 15 years from 08.03.2011 at £18,000 p.a. Rent reviews 2017 (outstanding) and 3 yearly.
EQUIVALENT TO £18,000 p.a. WITH 2017 RENT REVIEW OUTSTANDING
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 PROPOSED VIEW OF ADJOINING DEVELOPMENT
*GUIDE PRICE: £390,000 - £400,000
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 27 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 32 IN SAME FAMILY OWNERSHIP SINCE 1985 18 QUEENS SQUARE, HIGH WYCOMBE BUCKINGHAMSHIRE HP11 2DF FREEHOLD COMMERCIAL INVESTMENT
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
• Let to Scrivens Limited LOCATION & DESCRIPTION • Equivalent to £23,000 p.a. An attractive three storey property comprising a ground floor optician with internal access to ancillary accommodation • Town Centre Location on two upper floors. Occupying a prominent trading position within the heart of the pedestrianised town centre adjacent to Sally Beauty just opposite Greggs and Betfred and close to a number of other multiple retailers including Lloyds, Paddy Power, Shoe Zone and William Hill. The Eden Centre with multi-storey car park is within close proximity. High Wycombe mainline station is about ¼ mile away. ACCOMMODATION Ground Floor: 749 sq ft (69.5 sq m) First Floor: 544 sq ft (50.5 sq m) Second Floor: 378 sq ft (35.1 sq m) Let on a repairing and insuring lease to Scrivens Ltd for 5 years from 09.10.2017 at £23,000 p.a. This is a renewal of a previous 15 year lease. EQUIVALENT TO £23,000 p.a. EPC RATING: D NOTE 1. Tenant Profile: www.scrivens.com Having over 175 branches. For the year ended 29.10.2017, Scrivens Ltd reported a turnover of £39.33m, a pre-tax profit of £2.29m and net assets of £4.84m. 2. We understand the property has been used as an Optician since 1958.
VIEW FROM THE PROPERTY TOWARDS THE EDEN CENTRE
*GUIDE PRICE: £280,000 - £300,000
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 28 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 33 54 HIGH STREET, BARNET, MIDDLESEX, EN5 5SJ FREEHOLD VACANT SHOP & UPPER PARTS FOR REPAIR/MODERNISATION LOCATION & DESCRIPTION A terraced property arranged as a ground floor shop and upper parts within a Grade II listed building forming part of a local parade. On the east side of Barnet High Street close to the junction with Park Road and within the Wood Street conservation area, approximately ½ mile north of High Barnet underground station (Northern line). Other retailers within the parade include Tesco Express, Domino's Pizza and Londis convenience store. To the rear is an off road car parking area which provides secondary access to the property. ACCOMMODATION First Floor 1 room 495 sq ft (46.1 sq m) Ground Floor Retail Area 406 sq ft (37.8 sq m) Ground Floor Storage 96 sq ft (9 sq m) TOTAL 997 sq ft (92.90 sq m)
OFFERED VACANT IN A SHELL CONDITION SO FOR REPAIR/MODERNISATION
*GUIDE PRICE: £300,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 34 146 NORTH STREET, ROMFORD, ESSEX, RM1 1DL FREEHOLD VACANT SHOP & SELF-CONTAINED FLAT LOCATION & DESCRIPTION A two storey terraced property comprising a shop and self-contained flat (with own street access), off street parking and yard. On the east side of North Street (A125). Forming part of a local parade of mixed use shops and opposite Matalan and Sainsbury's local. Within a short distance of Romford town centre, The Brewery and The Liberty shopping centre. ACCOMMODATION First Floor Flat: 2 rooms, kitchen, bathroom/WC Central heating, double glazing Potential for further bedroom in the loft.
Ground Floor Shop: Sales Area: 414 sq ft (38.47 sq m), kitchen area, sep. WC Forecourt with parking for two cars, yard with further parking. OFFERED VACANT EPC RATING: E JOINT AUCTIONEER Bunch & Duke Tel: 020 8986 3521
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £325,000 plus ES100004608 ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 29 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 35 THE COMPASS INN, 61 GREEN STREET, MILTON MALSOR, NORTHAMPTONSHIRE, NN7 3AT FREEHOLD COMMERCIAL INVESTMENT LOCATION & DESCRIPTION A Grade II listed two storey semi-detached period property with cellar, rear outbuildings and a car park in the centre of Milton Malsor, a small attractive village within a rural environment approximately 4 miles south west of Northampton town centre, 15 miles north of Milton Keynes and 10 miles from Silverstone.
The entire property is subject to a 20 year lease from September 2017 at £29,000 p.a. rising annually by approximately £1,000 p.a. until the first review (see website for lease). NOTE 1. Lessee has an option to purchase, see lease details on website. 2. VAT is payable. EQUIVALENT TO £29,000 p.a.
*GUIDE PRICE: £340,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 36 58 WORDSWORTH ROAD, LOUGHBOROUGH, LEICESTERSHIRE, LE11 4LQ LONG LEASEHOLD COMMERCIAL INVESTMENT LOCATION & DESCRIPTION A ground floor shop forming part of a local parade, opposite a One Stop convenience store. Loughborough Hospital is about ½ mile away and the University is within about ¾ mile. Loughborough lies some 12 miles north of Leicester and 18 miles south east of Derby. ACCOMMODATION (Based on VOA website) Ground Floor Shop: 781 sq ft (72.6 sq m) incl WCs and external store. Let on repairing and insuring lease to Coral Racing Ltd for 16 years from 28.02.2011 at £9,500 p.a. Rent Review 2021 by a minimum of 2.5% per annum compounded or open market rental value. The rent will therefore rise to a minimum of £10,748.38 in June 2021. EQUIVALENT TO £9,500 p.a. RISING TO A MINIMUM OF £10,748.38 p.a. in 2021 LEASE DETAILS 125 years from 14.11.2003 at a fixed ground rent of £10 p.a. NOTE 1. The current rent was increased from £5,000 p.a. at the 2016 review. This was based on a minimum of £5,657 p.a. or open market rental value. 2. Ladbrokes and Coral merged in 2016 to create Ladbrokes Coral Group Ltd with some 3,500 branches. For the year ended 31.12.2016, Coral Racing Ltd reported a turnover of £867.4m a pre-tax profit of £91.1m and shareholders' funds of £215.7m *GUIDE PRICE: £110,000 - £120,000
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 30 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000
M GETLIFFE & D HILL LOT OF CLB COOPERS 37 LTD AS JOINT RECEIVERS 81-83 MEADOW STREET, WESTON- SUPER-MARE, SOMERSET, BS23 1QL FREEHOLD COMMERCIAL AND RESIDENTIAL INVESTMENT LOCATION & DESCRIPTION A pair of terraced properties arranged as a single ground floor commercial unit with two self-contained flats above. On the north side of Meadow Street close to other local retailers and a short distance from the High Street and town centre. ACCOMMODATION 81A: 2 rooms, kitchen, bathroom/WC Subject to an AST (holding over) at £6,840 p.a. 83A: 2 rooms, kitchen, bathroom/WC Subject to an AST for 6 months from September 2018 at £5,940 p.a.
Ground Floor: Retail/Commercial Area: 1,340 sq ft (124.6 sq m) Let to North Somerset Council as a Children's Centre for a term of 10 years from 2018 at £11,000 p.a. The tenant has a rolling break clause on every second anniversary. EQUIVALENT TO £23,700 p.a. JOINT AUCTIONEER The Property Source Tel: 01934 628285 Attn: Dean Smith
*GUIDE PRICE: £225,000 - £250,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
M GETLIFFE & D HILL LOT OF CLB COOPERS 38 LTD AS JOINT RECEIVERS 47 MEADOW STREET & 2 HOPKINS STREET, WESTON-SUPER-MARE, SOMERSET, BS23 1QJ FREEHOLD COMMERCIAL INVESTMENT & VACANT FLAT LOCATION & DESCRIPTION An end of terrace corner property located within a local retail position on the north side of Meadow Street at its junction with Hopkins Street, close to the town centre. Arranged as a ground floor shop and self-contained two bedroom flat above. ACCOMMODATION Upper Parts: 3 rooms, kitchen, bathroom/WC - Vacant The flat requires some finishing work
Ground Floor: Retail Area: 770 sq ft (71.5 sq m) Subject to a 3 year lease from March 2017 at £710 pcm EQUIVALENT TO £8,520 p.a. WITH THE BENEFIT OF A VACANT FLAT
The property is currently in the process of some remedial work to the shop fascia and parapet wall and any scaffolding will become the Buyer's responsibility. JOINT AUCTIONEER The Property Source Tel: 01934 628285 Attn: Dean Smith
*GUIDE PRICE: £110,000 - £135,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 31 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
M GETLIFFE & D HILL LOT OF CLB COOPERS 39 LTD AS JOINT RECEIVERS 55 MEADOW STREET & 31 ORCHARD STREET, WESTON-SUPER-MARE, SOMERSET, BS23 1QJ FREEHOLD COMMERCIAL INVESTMENT & 3 FLATS, 2 VACANT FOR IMPROVEMENT PLUS OFFICE AREA LOCATION & DESCRIPTION An end of terrace three storey corner property close to the town centre arranged as a ground floor hairdresser with three flats and an office area at the junction of Meadow Street & Orchard Street within a local retail area, ACCOMMODATION Second Floor Flat: 2 rooms, kitchen, bathroom/WC Let on AST (holding over) at £7,440 p.a. First Floor Office: 1 room, WC First Floor Flat: 2 rooms, kitchen/bathroom Ground Floor Flat: 2 rooms, kitchen, bathroom The 2 vacant flats are in need of improvement/modernisation
Ground Floor Retail Area: 750 sq ft (70 sq m) Subject to a 5 year lease expiring March 2019 at £6,000 p.a. EQUIVALENT TO £13,440 p.a. WITH THE BENEFIT OF 2 VACANT FLATS & OFFICE AREA JOINT AUCTIONEER The Property Source Tel: 01934 628285 Attn: Dean Smith
*GUIDE PRICE: £180,000 - £190,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
M GETLIFFE & D HILL LOT OF CLB COOPERS 40 LTD AS JOINT RECEIVERS 65 MEADOW STREET, WESTON-SUPER- MARE, SOMERSET, BS23 1QL FREEHOLD VACANT SHOP AND FLAT ABOVE FOR MODERNISATION/REPAIR LOCATION & DESCRIPTION A mid terrace property arranged as a ground floor shop with a split level maisonette above. Located within a local retail parade on the north side of Meadow Street almost opposite its junction with Alma Street. ACCOMMODATION Upper Part Second Floor: 1 room (restricted access) First Floor: 1 room, kitchen, bathroom/WC
Ground Floor Retail: 795 sq ft (73.83 sq m) OFFERED VACANT AND IN NEED OF IMPROVEMENT/REPAIR THROUGHOUT JOINT AUCTIONEER The Property Source Tel: 01934 628285 Attn: Dean Smith
*GUIDE PRICE: £70,000 - £75,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 32 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000
M GETLIFFE & D HILL LOT OF CLB COOPERS 41 LTD AS JOINT RECEIVERS 7, 9 & 11 LOCKING ROAD, WESTON- SUPER-MARE, SOMERSET, BS23 3BY FREEHOLD PART VACANT COMMERCIAL INVESTMENT AND 6 FLATS FOR IMPROVEMENT LOCATION & DESCRIPTION A substantial end of terrace corner property arranged as 3 lock-up shops with 11 flats above at the junction with Jubilee Road close to Weston- super-Mare mainline station and a Tesco superstore. ACCOMMODATION Second Floor: Flat 11: 3 rooms, galley kitchen, bathroom/WC - VACANT Flat 10: 2 rooms, kitchen, bathroom/WC - VACANT Flat 9: 2 rooms, kitchen, shower/WC - VACANT First Floor: Flat 8: 1 room, kitchen, shower/WC - Let on AST (holding over) at £4,800 p.a. Flat 7: 1 room, kitchen, shower/WC - VACANT Flats 1, 2 & 6 : Sold off Flat 4: 1 room, kitchen, shower/WC - VACANT Flat 3: 1 room, kitchen, shower/WC - VACANT Flat 5: Details to be advised Ground Floor 7 & 9 Retail: 1,460 sq ft (135 sq m) - Vacant Ground Floor 11 Retail: 385 sq ft (35 sq m) Subject to 3 year lease expiring May 2018 (holding over) at £4,000 p.a. EQUIVALENT TO £8,800 p.a. WITH THE BENEFIT OF 2 VACANT SHOPS & 6 VACANT FLATS REQUIRING IMPROVEMENT
*GUIDE PRICE: £270,000 - £295,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
M GETLIFFE & D HILL LOT OF CLB COOPERS 42 LTD AS JOINT RECEIVERS 19-21 LOCKING ROAD, WESTON-SUPER- MARE, SOMERSET, BS23 3BY FREEHOLD PART VACANT COMMERCIAL/RESIDENTIAL INVESTMENT LOCATION & DESCRIPTION Located on the north side of Locking Road at the junction with Camden Terrace within a local retail parade close to Weston-super-Mare mainline station and a Tesco Superstore. ACCOMMODATION 21A Second Floor: 3 rooms, kitchen, bathroom Let on AST (holding over) at £6,300 p.a. 19A First Floor: 2 rooms, reception - Shell finish - VACANT
Ground Floor Retail Area: 1,396 sq ft (129 sq m) Subject to a 3 year lease from March 2016 at £11,000 p.a. EQUIVALENT TO £17,300 p.a. WITH THE BENEFIT OF 1 VACANT FLAT WHICH REQUIRES IMPROVEMENT JOINT AUCTIONEER The Property Source Tel: 01934 628285 Attn: Dean Smith
*GUIDE PRICE: £195,000 - £205,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 33 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
M GETLIFFE & D HILL LOT OF CLB COOPERS 43 LTD AS JOINT RECEIVERS 20 ORCHARD PLACE, WESTON-SUPER- MARE, SOMERSET, BS23 1QP FREEHOLD COMMERCIAL INVESTMENT WITH VACANT UPPER PARTS FOR REPAIR/IMPROVEMENT LOCATION & DESCRIPTION A three storey terraced property arranged as a ground floor shop with two flats above, accessed via an alleyway off Meadow Street. Located on the east side of Orchard Place to the south of its junction with Meadow Street, within a local shopping area. ACCOMMODATION Second Floor: 2 rooms, kitchen, bathroom/WC - Vacant First Floor: 2 rooms, kitchen, bathroom/WC - Vacant The property is in need of repair.
Ground Floor Retail Area: 550 sq ft (51 sq m) Subject to a 10 year lease (5 year rent review) from December 2016 at £5,400 p.a. EQUIVALENT TO £5,400 p.a. WITH THE BENEFIT OF 2 VACANT FLATS IN NEED OF REPAIR JOINT AUCTIONEER The Property Source Tel: 01934 628285 Attn: Dean Smith
*GUIDE PRICE: £90,000 - £95,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
BY ORDER OF JOINT LOT 44 LPA RECEIVERS 3, 5, 7 & 9 SILVER STREET, ENFIELD, MIDDLESEX, EN1 3EF FREEHOLD VACANT SHOP & GROUND RENT INVESTMENT LOCATION & DESCRIPTION A substantial part four and part five storey property comprising three shops and 14 flats above. In the town centre, near to the junction with Southbury Road and close to a variety of multiple retailers including Pizza Express (opposite), Lloyds Bank (adjacent), Foxtons, Nandos, William Hill and HSBC. Enfield Town overground station is within close proximity. Enfield has good road links via the A10 Great Cambridge Road which links with the M25 and the A406 North Circular Road. Enfield lies about 12 miles from central London. ACCOMMODATION (Details provided by seller) 3 Silver Street (Shop): Sold on a 125 year lease from 2014 at £250 p.a. rising. 5 Silver Street (Shop): 970 sq ft (90 sq m), WC - Offered VACANT 7 Silver Street (Florentina Court - 14 Flats): Each sold on a 125 year lease from 2014 at £250 p.a. rising. 9 Silver Street (Shop): Sold on a 999 year lease from 2015 at £250 p.a. rising. NOTE VAT is payable.
EQUIVALENT TO £4,000 p.a. PLUS VACANT SHOP EPC RATING: C
*GUIDE PRICE: £380,000 - £400,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 34 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000
BY ORDER OF JCDECAUX LOT 45 LAND ON LONDON ROAD, REIGATE, SURREY, RH2 9HY FREEHOLD SITE - LET ON LICENCE LOCATION & DESCRIPTION On the A25 London Road, adjacent to a Mr Exhaust repair centre and about ½ mile from Reigate mainline station. SITE AREA: (from digital mapping) 2,800 sq ft (260.1 sq m) Let on a licence to Mr Exhaust Supercentres for two years from 01.07.2004 at £1,250 p.a. for the purpose of a yard area. EQUIVALENT TO £1,250 p.a. WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 *GUIDE PRICE: £45,000 - £50,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
BY ORDER OF JCDECAUX LOT 46 LAND ON THE NORTH SIDE OF MITCHAM LANE, STREATHAM, SW16 1QJ FREEHOLD VACANT SITE LOCATION & DESCRIPTION A rectangular site on the A216 Mitcham Lane, near to the junction with Riggindale Road and about ½ mile from Streatham mainline station and the High Road. ACCOMMODATION 5 x 48 sheet advert hoardings Site Frontage (from digital mapping): 130’ Site Area (from digital mapping): 950 sq ft (88.2 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608 *GUIDE PRICE: £55,000 - £60,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 35 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
BY ORDER OF JCDECAUX LOT 47 LAND AT GRANGE ROAD/CRESCENT ROAD, RAMSGATE, KENT, CT11 9RE FREEHOLD VACANT SITE LOCATION & DESCRIPTION A corner site in a mainly residential area south of the A255 Park Road and about ½ mile from Ramsgate mainline station and the town centre. ACCOMMODATION Former 5 x 48 sheet advert hoardings Site Area (from digital mapping): 3,000 sq ft (278.7 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: £45,000 - £50,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
BY ORDER OF JCDECAUX LOT 48 LAND ON THE NORTH EAST OF SEYMOUR ROAD, CHATHAM, KENT, ME5 7AN FREEHOLD VACANT SITE LOCATION & DESCRIPTION A site with dual frontage onto Seymour Road and the A2 Chatham Hill. Chatham town centre and the mainline station are about a mile away and Medway Maritime hospital is within close proximity. ACCOMMODATION Former 1 x 16 & 1 x 48 sheet advert hoardings Site Area (from digital mapping): 2,300 sq ft (213.6 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 *GUIDE PRICE: £45,000 - £50,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 36 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000
BY ORDER OF JCDECAUX LOT 49 LAND ON, DIXON STREET, LINCOLN, LINCOLNSHIRE, LN6 7DA LEASEHOLD VACANT SITE LOCATION & DESCRIPTION A rectangular site in front of a car service centre, close to a Stoneacre car dealership, a Lidl supermarket and a short distance from the High Street. ACCOMMODATION 2 x 48 (formerly 6 x 48) sheet advert hoardings. Site Frontage (from digital mapping): 110 ft Site Area (from digital mapping): 2,300 sq ft (213.6 sq m). Lease details: 99 years from 1961 (about 42 years unexpired) at £4 p.a. OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608 *GUIDE PRICE: £9,000 - £10,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
BY ORDER OF JCDECAUX LOT 50 LAND ON DERBY ROAD, CHESTERFIELD, DERBYSHIRE, S40 2EU FREEHOLD VACANT SITE LOCATION & DESCRIPTION A corner site at the junction with Storforth Lane and the A61 Derby Road about 1½ miles from Chesterfield town centre and Chesterfield station. ACCOMMODATION Former 4 x 48 sheet advert hoardings Site Area (from digital mapping): 8,200 sq ft (761.8 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
*GUIDE PRICE: £45,000 - £50,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 37 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
BY ORDER OF JCDECAUX LOT 51 40-52 WILLENHALL ROAD & ADJ. SITES, WOLVERHAMPTON, WV1 2HF FREEHOLD VACANT SITE LOCATION & DESCRIPTION A rectangular site on the south side of the A454 Willenhall Road, connecting with the A4150 Wolverhampton Ring Road, near the junction with Cross Street and about a mile from Wolverhampton city centre. ACCOMMODATION Former 3 x 48 sheet advert hoardings. Frontage (from digital mapping): 175' Site Area (from digital mapping): 12,350 sq ft (1,147.3 sq m) OFFERED VACANT WITH DEVT. POTENTIAL (STC)
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: £120,000 - £125,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
BY ORDER OF JCDECAUX LOT 52 LAND AT WILLENHALL ROAD, WOLVERHAMPTON, WEST MIDLANDS, WV1 2HJ FREEHOLD VACANT SITE LOCATION & DESCRIPTION An irregular shaped site on the south side of the A454 Willenhall Road, connecting with the (A4150) Wolverhampton Ring Road, opposite Old Heath Road and about a mile from Wolverhampton city centre. SITE AREA: (from digital mapping) 1,050 sq ft (97.25 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: £9,000 - £10,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 38 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000
BY ORDER OF JCDECAUX LOT 53 LAND ON CASTLE STREET, TYLDESLEY, MANCHESTER, M29 8GG FREEHOLD VACANT SITE LOCATION & DESCRIPTION A roughly square site on the south side of the A577 Castle Street, adjacent to a car service centre and about a mile from Atherton. ACCOMMODATION Former 2 x 48 sheet advert hoardings Site Frontage (from digital mapping): 125' Site Area (from digital mapping): 11,700 sq ft (1,086.9 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 *GUIDE PRICE: £115,000 - £125,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
BY ORDER OF JCDECAUX LOT 54 LAND ON BRIDGE STREET, HEYWOOD, GREATER MANCHESTER, OL10 1JF LONG LEASEHOLD VACANT SITE LOCATION & DESCRIPTION A roughly square site with parking to the rear, on the south side of the A58 Bridge Street and opposite an Iceland supermarket. SITE AREA: (from digital mapping) 3,700 sq ft (343.7 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL LEASE DETAILS 999 years from 01.11.1791 at a peppercorn
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: £80,000 - £85,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 39 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
BY ORDER OF JCDECAUX LOT 55 LAND ON CHESTERFIELD ROAD, SHEFFIELD, SOUTH YORKSHIRE, S8 0RW FREEHOLD VACANT SITE LOCATION & DESCRIPTION A roughly rectangular site on the east side of the A61 Chesterfield Road (adjacent to No. 381) and about 2¼ miles south of Sheffield city centre. ACCOMMODATION Site Frontage (from digital mapping): 190' Site Area (from digital mapping): 16,200 sq ft (1,505 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
*GUIDE PRICE: £90,000 - £100,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
BY ORDER OF JCDECAUX LOT 56 LAND AT THE JUNCTION OF MOUNT VIEW AVENUE AND DERBYSHIRE LANE, SHEFFIELD, SOUTH YORKSHIRE, S8 8SG FREEHOLD VACANT SITE LOCATION & DESCRIPTION An irregular shaped site, part of which is used for parking, in a mainly residential area, to the front of the car park at the Mount View pre- school/Methodist Church. SITE AREA: (from digital mapping) 4,000 sq ft (371.6 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: Reserve Below £100 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 40 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000
BY ORDER OF JCDECAUX LOT 57 LAND ADJ. TO 14 BLACKBURN ROAD, ROTHERHAM, SOUTH YORKS, S61 2DR FREEHOLD VACANT SITE LOCATION & DESCRIPTION A roughly square site in between housing and a public house, about a mile from Meadowhall Interchange station and Meadow shopping centre. Sheffield city centre is about 5 miles away. SITE AREA: (from digital mapping) 8,600 sq ft (799 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: £65,000 - £70,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
BY ORDER OF JCDECAUX LOT 58 LAND ON ALBION ROAD, NORTH SHIELDS, TYNE AND WEAR, NE29 0HS FREEHOLD VACANT SITE LOCATION & DESCRIPTION A rectangular site on the north side of the A193 Albion Road, opposite the junction with Sidney Street and about ¼ mile from the town centre. ACCOMMODATION 8 x 48 sheet advert hoardings Site Frontage (from digital mapping): 135' Site Area (from digital mapping): 6,000 sq ft (557.4 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 *GUIDE PRICE: £75,000 - £80,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 41 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
BY ORDER OF JCDECAUX LOT 59 LAND ADJOINING 103 HIGH STREET, BURTON-ON-TRENT, STAFFORDSHIRE, DE14 1LJ FREEHOLD VACANT SITE LOCATION & DESCRIPTION A triangular site on the east side of the High Street, near to the junction with the A511 Bridge Street. Burton-on-Trent lies about 13 miles from Derby. SITE AREA: (from digital mapping) 120 sq ft (11.1 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: Reserve Below £100 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
LOT 60 FLATS 1-6 THE PLAINS, CRESCENT ROAD, CHINGFORD, E4 6AU FREEHOLD GROUND RENT INVESTMENT ON 6 FLATS - 1 LEASE 41 YEARS UNEXPIRED PLUS 12 GARAGES ACCOMMODATION A large attractive detached purpose built block comprising 6 self-contained flats together with 12 garages to the rear (accessed from Gordon Road). Just off Rangers Road (A1069) a short distance from Station Road with its numerous shops and restaurants and mainline station and within a short walk of Chingford Golf Club and Epping Forest.
Flat 1 & Garage 1: 99 years from 01.10.1993 at £650 p.a. (rising) Flat 2 & Garage 2: 99 years from 25.03.1961 at £610.50 p.a. (rising) Approx. 41 years unexpired. Flat 3 & Garage 3: 189 years from 01.10.1993 at a peppercorn Flat 4 & Garage 4: 99 years from 01.10.1993 at £650 p.a. (rising) Flat 5 & Garage 5: 99 years from 01.10.1993 at £650 p.a. (rising) Flat 6 & Garage 6: 99 years from 01.10.1993 at £650 p.a. (rising) Garages 7-12: 4 let at £2,400 p.a. and 2 VACANT EQUIVALENT TO £5,610.50 p.a PLUS 2 VACANT GARAGES AND 1 LEASE WITH 41 YEARS AND 4 WITH 74 YEARS UNEXPIRED. JOINT AUCTIONEER OA Chapman & Son 01603 624298 Attn: Jeff Fuller
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £240,000 plus ES1000004608 ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 42 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000
BY ORDER OF A CHARITY LOTS 61-70
A PORTFOLIO OF GROUND RENTS IN BRAMLEY CLOSE & KNELLER ROAD, TWICKENHAM, MIDDLESEX TW2 7EU/7DY 10 FREEHOLD GROUND RENTS - 1 FLAT WITH 69 YEARS UNEXPIRED
24-26 BRAMLEY CLOSE 16-18 BRAMLEY CLOSE 40-42 BRAMLEY CLOSE 20-22 BRAMLEY CLOSE 32-34 BRAMLEY CLOSE
48-50 BRAMLEY CLOSE 197-199 KNELLER ROAD 44-46 BRAMLEY CLOSE 193-195 KNELLER ROAD LAND AT 75 BRAMLEY CLOSE
LOCATION & DESCRIPTION Ten freehold properties comprising nine pairs of flats (18 in total) and an area of garden land all within a short walk of each other. Whitton mainline station is about ½ mile away and Twickenham Rugby Union Ground is ¾ mile to the east. LOT Address Term in Years Rent p.a. Guide Price 61 24 Bramley Close TW2 7EU 189 from 24.12.1988 Peppercorn £12,000 plus 26 Bramley Close TW2 7EU 100 from 25.12.1987 - 69 years unexpired £50 p.a. (rising)
62 16 Bramley Close TW2 7EU 137 from 29.09.1999 £100 p.a. (rising) £3,500 - £4,000 18 Bramley Close TW2 7EU 116 from 29.09.2000 £100 p.a. (rising)
63 40 Bramley Close TW2 7EU 189 from 29.09.1938 Peppercorn £2,500 - £3,000 42 Bramley Close TW2 7EU 189 from 29.09.1938 £150 p.a. (rising)
64 20 Bramley Close TW2 7EU 190 from 25.12.1987 Peppercorn £1,750 - £2,000 22 Bramley Close TW2 7EU 120 from 29.09.2000 £100 p.a. (rising)
65 32 Bramley Close TW2 7EU 131 from 29.09.1996 Peppercorn £1,750 - £2,000 34 Bramley Close TW2 7EU 137 from 29.09.1999 £100 p.a. (rising)
66 48 Bramley Close TW2 7EU 189 from 25.12.1991 Peppercorn £1,750 - £2,000 50 Bramley Close TW2 7EU 126 from 25.12.2001 £100 p.a. (rising)
67 197 Kneller Road TW2 7DY 126 from 25.12.2001 £100 p.a. (rising) £1,750 - £2,000 199 Kneller Road TW2 7DY 131 from 29.09.1998 Peppercorn
68 44 Bramley Close TW2 7EU 122 from 25.06.2005 Peppercorn £50 - £100 46 Bramley Close TW2 7EU 189 from 29.09.1938 Peppercorn
69 193 Kneller Road TW2 7DY 190 from 25.12.1987 Peppercorn £50 - £100 195 Kneller Road TW2 7DY 131 from 29.09.1996 Peppercorn
70 Land at 75 Bramley Close TW2 7EU 125 from 25.03.2014 £66 p.a. (doubling every 25 years) £1,000 - £1,250
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 43 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | Enquiries 020 7637 4000
LOT 71 9 LOFTUS ROAD, SHEPHERD'S BUSH, W12 7EH FREEHOLD GROUND INVESTMENT - 4 FLATS, 1 WITH 67½ YEARS UNEXPIRED LOCATION & DESCRIPTION A large terraced period property comprising four self-contained flats on the west side of Loftus Road off Uxbridge Road (A4020). Within walking distance are Queens Park Rangers' football stadium, the Television Centre, Westfield London, Shepherd's Bush Market, and various underground stations including Shepherd's Bush (Central line). ACCOMMODATION Second Floor Flat: Sold on 175 year lease from 24.06.2009 at £50 p.a. First Floor Flat: Sold on 189 year lease from 25.03.1986 at a peppercorn Ground Floor Flat: Sold on 189 year lease from 25.03.1986 at a peppercorn Basement Flat: Sold on 99 year lease from 25.03.1986 at £100 p.a. - approximately 67½ years unexpired. EQUIVALENT TO £150 p.a. WITH ONE LEASE HAVING ABOUT 67½ YEARS UNEXPIRED JOINT AUCTIONEER McDowalls Tel: 020 8472 4422 Ref: Chris Baker
*GUIDE PRICE: £20,000 PLUS NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 72 246 - 262 CENTRAL PARK ROAD, EAST HAM, E6 3AD FREEHOLD GROUND RENT INVESTMENT - 9 FLATS LOCATION & DESCRIPTION A detached block of 9 self-contained flats on the south side of Central Park Road at the corner with Cheltenham Gardens and backing on to Central Park. Shopping and transport facilities can be found along Barking Road (A124) and High Street North and South. ACCOMMODATION All flats sold on 125 year leases from 25.12.1989 at £125 p.a. rising by £50 every 25 years (each flat approximately 96 years remaining). EQUIVALENT TO £1,125 p.a.
*GUIDE PRICE: £22,500 plus NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 44 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 10 December 2018 | ENQUIRIES: 020 7637 4000 LOT 73 6 NEW KING'S ROAD, FULHAM, SW6 4SA FREEHOLD GROUND INVESTMENT LOCATION & DESCRIPTION An attractive terraced period property comprising four self-contained flats on the north side of New King's Road, in the Moore Park conservation area. Fulham Broadway underground (District line) station and Chelsea's football stadium are both a short walk away. ACCOMMODATION Second/Third Floor Flat: 150 years from 04.07.2014 at £200 p.a. (rising) First Floor Flat: 150 years from 31.07.2014 at £200 p.a. (rising) Ground Floor Flat: 150 years from 04.07.2014 at £200 p.a. (rising) Lower Ground Floor Flat: 150 years from 04.07.2014 at £200 p.a. (rising) EQUIVALENT TO £800 p.a. RISING
*GUIDE PRICE: £15,000 - £16,000 NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
LOT 74 LAND R/O, 454-460 HIGH ROAD, LEYTON, E10 6QE FREEHOLD VACANT SITE WITH RESIDENTIAL PLANNING PERMISSION LOCATION & DESCRIPTION A rectangular shaped site with planning permission for a two storey house with roof terrace. Accessed via Lindley Road between Church Road and Dawlish Road. Local shops and amenities are within walking distance along with Leyton Midland Road (mainline) station. SITE AREA: (from digital mapping) 978 sq ft (86.21 sq m) PLANNING Planning permission dated 28.06.2018 (Ref: 1813/5) has been GRANTED for construction of a two storey building with roof terrace and glass screen surround, with associated refuse and cycle storage to provide a two bedroom single dwelling house. OFFERED VACANT WITH PLANNING PERMISSION
*GUIDE PRICE: £235,000 - £240,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 45 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. THE SMART TIME IS NOW... LOTS INVITED FOR OUR NEXT AUCTION
AUCTION ENQUIRIES: 020 7637 4000
46 Strettons_Catalogue Filler Ad_Full Page_v3.indd 1 21/11/2018 14:59 COMMON AUCTION CONDITIONS 4TH EDITION – APRIL 2018 GENERAL CONDITIONS OF SALE APPLICABLE TO ALL LOTS Special Conditions of sale for each lot available on application to the Auctioneers
AUCTION SALE: MONDAY 10th DECEMBER 2018, 11am PARTICULARS OF SALE ARE AS DESCRIBED IN THE CATALOGUE.
INTRODUCTION BUSINESS DAY SALE CONDITIONS Any day except (a) Saturday or Sunday or (b) a bank or public holiday in The GENERAL CONDITIONS as varied by any SPECIAL CONDITIONS or The Common Auction Conditions are designed for real estate auctions, England and Wales. ADDENDUM. to set a consistent practice across the industry. There are three sections, all of which must be included without variation, except where stated: BUYER SALE MEMORANDUM The person who agrees to buy the LOT or, if applicable, that person’s personal The form so headed (whether or not set out in the CATALOGUE) in which Glossary representatives: if two or more are jointly the BUYER their obligations can be the terms of the CONTRACT for the sale of the LOT are recorded. The glossary gives special meanings to certain words used in the enforced against them jointly or against each of them separately. SELLER conditions. Catalogue The person selling the LOT. If two or more are jointly the SELLER their Auction Conduct Conditions The catalogue for the AUCTION as it exists at the date of the AUCTION obligations can be enforced against them jointly or against each of them separately. The Auction Conduct Conditions govern the relationship between the (or, if the catalogue is then different, the date of the CONTRACT) including auctioneer and anyone who participates in the auction. They apply any ADDENDUM and whether printed or made available electronically. SPECIAL CONDITIONS wherever the property is located, and cannot be changed without the COMPLETION Those of the SALE CONDITIONS so headed that relate to the LOT. auctioneer’s agreement. Unless the SELLER and the BUYER otherwise agree, the occasion when TENANCIES We recommend that these conditions are set out in a two-part notice to they have both complied with the obligations under the CONTRACT that TENANCIES, leases, licences to occupy and agreements for lease and bidders, part one containing advisory material – which auctioneers can they are obliged to comply with prior to COMPLETION, and the amount any DOCUMENTS varying or supplemental to them. payable on COMPLETION has been unconditionally received in the tailor to their needs – and part two the auction conduct conditions and TENANCY SCHEDULE any extra auction conduct conditions. SELLER’S conveyancer’s client account (or as otherwise required by the terms of the CONTRACT). The schedule of TENANCIES (if any) forming part of the SPECIAL Sale Conditions CONDITIONS. Condition The Sale Conditions apply only to property in England and Wales, and One of the AUCTION CONDUCT CONDITIONS or SALE CONDITIONS. TRANSFER govern the agreement between each seller and buyer. They include TRANSFER includes a conveyance or assignment (and “to TRANSFER” general conditions of sale and template forms of special conditions CONTRACT includes “to convey” or “to assign”). The CONTRACT by which the SELLER agrees to sell and the BUYER agrees of sale, tenancy and arrears schedules and a sale memorandum. They TUPE to buy the LOT. must not be used if other standard conditions apply. The TRANSFER of Undertakings (Protection of Employment) Regulations CONTRACT DATE 2006. GLOSSARY The date of the AUCTION or, if the LOT is sold before or after the VAT AUCTION: This glossary applies to the AUCTION CONDUCT CONDITIONS and the Value Added Tax or other tax of a similar nature. SALE CONDITIONS. It is a compulsory section of the Common AUCTION a) the date of the SALE MEMORANDUM signed by both the SELLER Conditions that must be included without variation (but the SPECIAL and BUYER; or VAT OPTION An option to tax. CONDITIONS may include defined words that differ from the glossary b) if CONTRACTs are exchanged, the date of exchange. If exchange so long as they apply only to the SPECIAL CONDITIONS). The laws of is not effected in person or by an irrevocable agreement to exchange WE (and US and OUR) England and Wales apply to the CONDITIONS and YOU, WE, the SELLER made by telephone, fax or electronic mail the date of exchange is the The AUCTIONEERS. and the BUYER all submit to the jurisdiction of the Courts of England date on which both parts have been signed and posted or otherwise YOU (and YOUR) and Wales. placed beyond normal retrieval. Someone who has seen the CATALOGUE or who attends or bids at or Wherever it makes sense: DOCUMENTS otherwise participates in the AUCTION, whether or not a BUYER. • singular words can be read as plurals, and plurals as singular words; DOCUMENTS of title including, if title is registered, the entries on the • a “person” includes a corporate body; register and the title plan and other DOCUMENTS listed or referred to Auction Conduct Conditions • words of one gender include the other genders; in the SPECIAL CONDITIONS relating to the LOT (apart from FINANCIAL Words in small capitals have the special meanings defined in the • references to legislation are to that legislation as it may have been CHARGES). Glossary. modified or re-enacted by the date of the AUCTION or the CONTRACT EXTRA GENERAL CONDITIONS The AUCTION CONDUCT CONDITIONS (as supplemented or varied by DATE (as applicable); and Any CONDITIONS added or varied by the AUCTIONEERS starting at CONDITION A6, if applicable) are a compulsory section of the Common • where the following words appear in small capitals they have the CONDITION G30. AUCTION Conditions. They cannot be disapplied or varied without OUR specified meanings. agreement, even by a CONDITION purporting to replace the Common Financial Charge AUCTION Conditions in their entirety. ACTUAL COMPLETION DATE A charge to secure a loan or other financial indebtedness (but not A1 Introduction The date when COMPLETION takes place or is treated as taking place including a rentcharge or local land charge). for the purposes of apportionment and calculating interest. A1.1 The AUCTION CONDUCT CONDITIONS apply wherever the LOT General Conditions is located. ADDENDUM The SALE CONDITIONS headed ‘GENERAL CONDITIONS OF SALE’, A1.2 If YOU make a bid for a LOT or otherwise participate in the An amendment or addition to the CONDITIONS or to the PARTICULARS including any EXTRA GENERAL CONDITIONS. AUCTION it is on the basis that YOU accept these AUCTION or to both whether contained in a supplement to the CATALOGUE, a INTEREST RATE CONDUCT CONDITIONS. They govern OUR relationship with written notice from the If not specified in the SPECIAL CONDITIONS, the higher of 6% and YOU. They can be varied only if WE agree. AUCTIONEERS or an oral announcement at the AUCTION. 4% above the base rate from time to time of Barclays Bank plc. The A2 OUR role Agreed COMPLETION Date INTEREST RATE will also apply to any judgment debt, unless the A2.1 As agents for each SELLER we have authority to statutory rate is higher. Subject to CONDITION G9.3: (a) prepare the CATALOGUE from information supplied by or on a) the date specified in the SPECIAL CONDITIONS; or LOT behalf of each SELLER; b) if no date is specified, 20 BUSINESS DAYS after the CONTRACT Each separate property described in the CATALOGUE or (as the case (b) offer each LOT for sale; may be) the property that the SELLER has agreed to sell and the BUYER DATE; but if that date is not a BUSINESS DAY the first subsequent (c) sell each LOT; to buy (including chattels,if any). BUSINESS DAY. (d) receive and hold deposits; Old ARREARS Approved Financial Institution (e) sign each SALE MEMORANDUM; and Any bank or building society that is regulated by a competent UK ARREARS due under any of the TENANCIES that are not “new TENANCIES” as defined by the Landlord and Tenant (Covenants) Act 1995. (f) treat a CONTRACT as repudiated if the BUYER fails to regulatory authority or is otherwise acceptable to the AUCTIONEERS. sign a SALE MEMORANDUM or pay a deposit as required by PARTICULARS ARREARS these AUCTION CONDUCT CONDITIONS or fails to provide The section of the CATALOGUE that contains descriptions of each LOT ARREARS of rent and other sums due under the TENANCIES and still identification as required by the AUCTIONEERS. (as varied by any ADDENDUM). outstanding on the ACTUAL COMPLETION DATE. A2.2 OUR decision on the conduct of the AUCTION is final. PRACTITIONER ARREARS Schedule A2.3 WE may cancel the AUCTION, or alter the order in which LOTS An insolvency PRACTITIONER for the purposes of the Insolvency Act The ARREARS schedule (if any) forming part of the SPECIAL are offered for sale. WE may also combine or divide LOTS. A LOT 1986 (or, in relation to jurisdictions outside the United Kingdom, a CONDITIONS. may be sold or withdrawn from sale prior to the AUCTION. person undertaking a similar role). A2.4 YOU acknowledge that to the extent permitted by law WE owe AUCTION PRICE YOU no duty of care and YOU have no claim against US for any The AUCTION advertised in the CATALOGUE. The PRICE (exclusive of VAT) that the BUYER agrees to pay for the LOT. loss. AUCTION CONDUCT CONDITIONS Ready To Complete A2.5 WE may refuse to admit one or more persons to the AUCTION The conditions so headed, including any extra AUCTION CONDUCT Ready, willing and able to complete: if COMPLETION would enable the without having to explain why. CONDITIONS. SELLER to discharge all FINANCIAL CHARGES secured on the LOT that A2.6 YOU may not be allowed to bid unless YOU provide such AUCTIONEERS have to be discharged by COMPLETION, then those outstanding financial evidence of YOUR identity and other information as WE The AUCTIONEERS at the AUCTION. charges do not prevent the SELLER from being READY TO COMPLETE. reasonably require from all bidders.
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 47 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections RHP 6 pages_DEC 2018.indd 47 21/11/2018 14:53 AUCTION: 10 DECEMBER 2018 | ENQUIRIES: 020 7637 4000
A3 Bidding and reserve PRICEs G1 The LOT and the BUYER must on COMPLETION reimburse to the A3.1 All bids are to be made in pounds sterling exclusive of VAT. G1.1 The LOT (including any rights to be granted or reserved, SELLER the cost of that insurance as from the CONTRACT A3.2 WE may refuse to accept a bid. WE do not have to explain why. and any exclusions from it) is described in the SPECIAL DATE (to the extent not already paid by the BUYER or a tenant A3.3 If there is a dispute over bidding WE are entitled to resolve it, CONDITIONS, or if not so described is that referred to in the or other third party). and OUR decision is final. SALE MEMORANDUM. G3.3 No damage to or destruction of the LOT, nor any deterioration A3.4 Unless stated otherwise each LOT is subject to a reserve PRICE G1.2 The LOT is sold subject to any TENANCIES disclosed by the in its condition, however caused, entitles the BUYER to any (which may be fixed just before the LOT is offered for sale). If SPECIAL CONDITIONS, but otherwise with vacant possession reduction in PRICE, or to delay COMPLETION, or to refuse to no bid equals or exceeds that reserve PRICE the LOT will be on COMPLETION. complete. withdrawn from the AUCTION. G1.3 The LOT is sold subject to all matters contained or referred to G3.4 Section 47 of the Law of Property Act 1925 does not apply to the A3.5 Where there is a reserve PRICE the SELLER may bid (or ask US in the DOCUMENTS. The SELLER must discharge FINANCIAL CONTRACT. CHARGES on or before COMPLETION. or another agent to bid on the SELLER’s behalf) up to the reserve G3.5 Unless the BUYER is already lawfully in occupation of the PRICE but may not make a bid equal to or exceeding the reserve G1.4 The LOT is also sold subject to such of the following as may affect LOT the BUYER has no right to enter into occupation prior to PRICE. YOU accept that it is possible that all bids up to the it, whether they arise before or after the CONTRACT DATE and COMPLETION. reserve PRICE are bids made by or on behalf of the SELLER. whether or not they are disclosed by the SELLER or are apparent G4 Title and identity A4 The PARTICULARS and other information from inspection of the LOT or from the DOCUMENTS: (a) matters registered or capable of registration as local land G4.1 Unless CONDITION G4.2 applies, the BUYER accepts the title of A4.1 WE have taken reasonable care to prepare PARTICULARS that the SELLER to the LOT as at the CONTRACT DATE and may raise correctly describe each LOT. The PARTICULARS are based on charges; no requisition or objection to any of the DOCUMENTS that is information supplied by or on behalf of the SELLER. YOU need to (b) matters registered or capable of registration by any made available before the AUCTION or any other matter, except check that the information in the PARTICULARS is correct. competent authority or under the provisions of any statute; one that occurs after the CONTRACT DATE. A4.2 If the SPECIAL CONDITIONS do not contain a description of (c) notices, orders, demands, proposals and requirements of the LOT, or simply refer to the relevant LOT number, you take any competent authority; G4.2 The following provisions apply only to any of the following the risk that the description contained in the PARTICULARS is (d) charges, notices, orders, restrictions, agreements and other DOCUMENTS that is not made available before the AUCTION: incomplete or inaccurate, as the PARTICULARS have not been matters relating to town and country planning, highways or (a) If the LOT is registered land the SELLER is to give to the prepared by a conveyancer and are not intended to form part of public health; BUYER within five BUSINESS DAYS of the CONTRACT DATE a legal CONTRACT. (e) rights, easements, quasi-easements, and wayleaves; an official copy of the entries on the register and title plan and, A4.3 The PARTICULARS and the SALE CONDITIONS may change prior (f) outgoings and other liabilities; where noted on the register, of all DOCUMENTS subject to to the AUCTION and it is YOUR responsibility to check that YOU which the LOT is being sold. (g) any interest which overrides, under the Land Registration have the correct versions. Act 2002; (b) If the LOT is not registered land the SELLER is to give to A4.4 If WE provide information, or a copy of a DOCUMENT, WE do so the BUYER within five BUSINESS DAYS of the CONTRACT (h) matters that ought to be disclosed by the searches and only on the basis that WE are not responsible for the accuracy of enquiries a prudent BUYER would make, whether or not the DATE an abstract or epitome of title starting from the root of that information or DOCUMENT. BUYER has made them; and title mentioned in the SPECIAL CONDITIONS (or, if none is A5 The CONTRACT mentioned, a good root of title more than fifteen years old) and (i) anything the SELLER does not and could not reasonably must produce to the BUYER the original or an examined copy of A5.1 A successful bid is one WE accept as such (normally on the fall know about. of the hammer). This CONDITION A5 applies to YOU only if YOU every relevant DOCUMENT. G1.5 Where anything subject to which the LOT is sold would expose the make the successful bid for a LOT. SELLER to liability the BUYER is to comply with it and indemnify the (c) If title is in the course of registration, title is to consist of: A5.2 YOU are obliged to buy the LOT on the terms of the SALE SELLER against that liability. (i) certified copies of the application for registration of MEMORANDUM at the PRICE YOU bid (plus VAT, if applicable). G1.6 The SELLER must notify the BUYER of any notices, orders, title made to the Land Registry and of the DOCUMENTS A5.3 YOU must before leaving the AUCTION demands, proposals and requirements of any competent accompanying that application; (a) provide all information WE reasonably need from YOU to authority of which it learns after the CONTRACT DATE but the (ii) evidence that all applicable stamp duty land tax relating enable US to complete the SALE MEMORANDUM (including BUYER must comply with them and keep the SELLER indemnified. to that application has been paid; and proof of your identity if required by US); G1.7 The LOT does not include any tenant’s or trade fixtures or fittings. (iii) a letter under which the SELLER or its conveyancer (b) sign the completed SALE MEMORANDUM; and The SPECIAL CONDITIONS state whether any chattels are included agrees to use all reasonable endeavours to answer any (c) pay the deposit. in the LOT, but if they are: requisitions raised by the Land Registry and to instruct A5.4 If YOU do not WE may either (a) the BUYER takes them as they are at COMPLETION and the the Land Registry to send the completed registration (a) as agent for the SELLER treat that failure as YOUR SELLER is not liable if they are not fit for use, and DOCUMENTS to the BUYER. repudiation of the CONTRACT and offer the LOT for sale again: (b) the SELLER is to leave them at the LOT. (d) The BUYER has no right to object to or make requisitions the SELLER may then have a claim against YOU for breach of G1.8 The BUYER buys with full knowledge of on any title information more than seven BUSINESS DAYS after CONTRACT; or (a) the DOCUMENTS, whether or not the BUYER has read them; that information has been given to the BUYER. (b) sign the SALE MEMORANDUM on YOUR behalf. and G4.3 Unless otherwise stated in the SPECIAL CONDITIONS the A5.5 The deposit (b) the physical condition of the LOT and what could reasonably SELLER sells with full title guarantee except that (and the (a) must be paid in pounds sterling by cheque or by bankers’ be discovered on inspection of it, whether or not the BUYER has TRANSFER shall so provide): draft made payable to US (or, at OUR option, the SELLER’S inspected it. (a) the covenant set out in section 3 of the Law of Property conveyancer) drawn on an APPROVED FINANCIAL INSTITUTION G1.9 The BUYER admits that it is not relying on the information (Miscellaneous Provisions) Act 1994 shall not extend to matters (CONDITION A6 may state if WE accept any other form of contained in the PARTICULARS or on any representations made recorded in registers open to public inspection; these are to be payment); by or on behalf of the SELLER but the BUYER may rely on the treated as within the actual knowledge of the BUYER; and SELLER’S conveyancer’s written replies to written enquiries to (b) may be declined by US unless drawn on YOUR account, or that (b) the covenant set out in section 4(1)(b) of the Law of Property of the BUYER, or of another person who (we are satisfied) would the extent stated in those replies. (Miscellaneous Provisions) Act 1994 shall not extend to any not expose US to a breach of money laundering regulations; G2 Deposit condition or tenant’s obligation relating to the state or condition (c) is to be held by US (or, at OUR option, the SELLER’S G2.1 The amount of the deposit is the greater of: of the LOT where the LOT is leasehold property. conveyancer); and (a) any minimum deposit stated in the AUCTION CONDUCT G4.4 The TRANSFER is to have effect as if expressly subject to all (d) is to be held as stakeholder where VAT would be chargeable CONDITIONS (or the total PRICE, if this is less than that matters subject to which the LOT is sold under the CONTRACT. on the deposit were it to be held as agent for the SELLER, minimum); and G4.5 The SELLER does not have to produce, nor may the BUYER object but otherwise is to be held as stakeholder unless the SALE (b) 10% of the PRICE (exclusive of any VAT on the PRICE). CONDITIONS require it to be held as agent for the SELLER. to or make a requisition in relation to, any prior or superior title G2.2 If a cheque for all or part of the deposit is not cleared on first even if it is referred to in the DOCUMENTS. A5.6 WE may retain the SALE MEMORANDUM signed by or on presentation the SELLER may treat the CONTRACT as at an end G4.6 The SELLER (and, if relevant, the BUYER) must produce to each behalf of the SELLER until the deposit has been received in and bring a claim against the BUYER for breach of CONTRACT. cleared funds. other such confirmation of, or evidence of, their identity and that G2.3 Interest earned on the deposit belongs to the SELLER unless the of their mortgagees and attorneys (if any) as is necessary for the A5.7 Where WE hold the deposit as stakeholder WE are authorised SALE CONDITIONS provide otherwise. to release it (and interest on it if applicable) to the SELLER on other to be able to comply with applicable Money Laundering G3 Between CONTRACT and COMPLETION COMPLETION or, if COMPLETION does not take place, to the Regulations and Land Registry Rules. person entitled to it under the SALE CONDITIONS. G3.1 From the CONTRACT DATE the SELLER has no obligation to insure G5 TRANSFER the LOT and the BUYER bears all risks of loss or damage unless A5.8 If the BUYER does not comply with its obligations under the G5.1 Unless a form of TRANSFER is prescribed by the SPECIAL (a) the LOT is sold subject to a TENANCY that requires the CONTRACT then CONDITIONS SELLER to insure the LOT or (a) YOU are personally liable to buy the LOT even if YOU are (a) the BUYER must supply a draft TRANSFER to the SELLER (b) the SPECIAL CONDITIONS require the SELLER to insure the LOT. acting as an agent; and at least ten BUSINESS DAYS before the AGREED COMPLETION (b) YOU must indemnify the SELLER in respect of any loss the G3.2 If the SELLER is required to insure the LOT then the SELLER DATE and the engrossment (signed as a deed by the BUYER SELLER incurs as a result of the BUYER’s default. (a) must produce to the BUYER on request all relevant insurance if CONDITION G5.2 applies) five BUSINESS DAYS before that A5.9 Where the BUYER is a company YOU warrant that the BUYER is details; date or (if later) two BUSINESS DAYS after the draft has been properly constituted and able to buy the LOT. (b) must use reasonable endeavours to maintain that or approved by the SELLER; and A6 Extra Auction Conduct Conditions equivalent insurance and pay the premiums when due; (b) the SELLER must approve or revise the draft TRANSFER A6.1 Despite any SPECIAL CONDITION to the contrary the minimum (c) gives no warranty as to the adequacy of the insurance; within five BUSINESS DAYS of receiving it from the BUYER. deposit WE accept is £3000 (or the total PRICE, if less). A SPECIAL (d) must at the request of the BUYER use reasonable endeavours to G5.2 If the SELLER has any liability (other than to the BUYER) in CONDITION may, however, require a higher minimum deposit. have the BUYER’s interest noted on the policy if it does not cover a relation to the LOT or a TENANCY following COMPLETION, the contracting purchaser; BUYER is specifically to covenant in the TRANSFER to indemnify General Conditions of Sale (e) must, unless otherwise agreed, cancel the insurance at the SELLER against that liability. Words in small capitals have the special meanings defined in the Glossary. COMPLETION, apply for a refund of premium and (subject to the G5.3 The SELLER cannot be required to TRANSFER the LOT to anyone rights of any tenant or other third party) pay that refund to the The GENERAL CONDITIONS (as WE supplement or change them by other than the BUYER, or by more than one TRANSFER. any EXTRA GENERAL CONDITIONS or ADDENDUM) are compulsory BUYER; and but may be disapplied or changed in relation to one or more LOTS by (f) (subject to the rights of any tenant or other third party) hold G5.4 Where the SPECIAL CONDITIONS state that the SELLER is to SPECIAL CONDITIONS. The template form of SALE MEMORANDUM is on trust for the BUYER any insurance payments that the grant a new lease to the BUYER not compulsory but is to be varied only if WE agree. The template forms SELLER receives in respect of loss or damage arising after (a) the CONDITIONS are to be read so that the TRANSFER of SPECIAL CONDITIONS and schedules are recommended, but are not the CONTRACT DATE, or assign to the BUYER the benefit of refers to the new lease, the SELLER to the proposed landlord compulsory and may be changed by the SELLER of a LOT. any claim; and the BUYER to the proposed tenant;
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 48 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections RHP 6 pages_DEC 2018.indd 48 21/11/2018 14:53 AUCTION: 10 DECEMBER 2018 | ENQUIRIES: 020 7637 4000
(b) the form of new lease is that described by the SPECIAL G10 Interest and apportionments G12.2 The SELLER is to manage the LOT in accordance with its CONDITIONS; and G10.1 If the ACTUAL COMPLETION DATE is after the AGREED standard management policies pending COMPLETION. (c) the SELLER is to produce, at least five BUSINESS DAYS COMPLETION DATE for any reason other than the SELLER’S G12.3 The SELLER must consult the BUYER on all management before the AGREED COMPLETION DATE, the engrossed default the BUYER must pay interest at the INTEREST RATE on issues that would affect the BUYER after COMPLETION (such counterpart lease, which the BUYER is to sign and deliver to the the money due from the BUYER at COMPLETION for the period as, but not limited to, an application for licence; a rent review; SELLER on COMPLETION. starting on the AGREED COMPLETION DATE and ending on the a variation, surrender, agreement to surrender or proposed forfeiture of a TENANCY; or a new TENANCY or agreement to G6 COMPLETION ACTUAL COMPLETION DATE. G10.2 Subject to CONDITION G11 the SELLER is not obliged to grant a new TENANCY) and: G6.1 COMPLETION is to take place at the offices of the SELLER’S apportion or account for any sum at COMPLETION unless the (a) the SELLER must comply with the BUYER’s reasonable conveyancer, or where the SELLER may reasonably require, SELLER has received that sum in cleared funds. The SELLER requirements unless to do so would (but for the indemnity in on the AGREED COMPLETION DATE. The SELLER can only be must promptly pay to the BUYER after COMPLETION any sum paragraph (c)) expose the SELLER to a liability that the SELLER required to complete on a BUSINESS DAY and between the to which the BUYER is entitled that the SELLER subsequently would not otherwise have, in which case the SELLER may act hours of 0930 and 1700. receives in cleared funds. reasonably in such a way as to avoid that liability; G6.2 The amount payable on COMPLETION is the balance of the G10.3 Income and outgoings are to be apportioned at the ACTUAL (b) if the SELLER gives the BUYER notice of the SELLER’s PRICE adjusted to take account of apportionments plus (if COMPLETION DATE unless: intended act and the BUYER does not object within five applicable) VAT and interest, but no other amounts unless (a) the BUYER is liable to pay interest; and BUSINESS DAYS giving reasons for the objection the SELLER specified in the SPECIAL CONDITIONS. may act as the SELLER intends; and (b) the SELLER has given notice to the BUYER at any time up to G6.3 Payment is to be made in pounds sterling and only by COMPLETION requiring apportionment on the date from which (c) the BUYER is to indemnify the SELLER against all loss or (a) direct TRANSFER from the BUYER’s conveyancer to the interest becomes payable by the BUYER; in which event income liability the SELLER incurs through acting as the BUYER requires, SELLER’S conveyancer; and and outgoings are to be apportioned on the date from which or by reason of delay caused by the BUYER. (b) the release of any deposit held by a stakeholder or in such interest becomes payable by the BUYER. G13 Rent deposits other manner as the SELLER’S conveyancer may agree. G10.4 Apportionments are to be calculated on the basis that: G13.1 Where any TENANCY is an assured shorthold TENANCY, the G6.4 Unless the SELLER and the BUYER otherwise agree, (a) the SELLER receives income and is liable for outgoings for SELLER and the BUYER are to comply with their respective COMPLETION cannot take place until both have complied with the whole of the day on which apportionment is to be made; statutory duties in relation to the protection of tenants’ deposits, and to demonstrate in writing to the other (before COMPLETION, the obligations under the CONTRACT that they are obliged to (b) annual income and expenditure accrues at an equal daily so far as practicable) that they have complied. comply with prior to COMPLETION, and the amount payable rate assuming 365 days in a year (or 366 in a leap year), and on COMPLETION is unconditionally received in the SELLER’S income and expenditure relating to some other period accrues G13.2 The remainder of this CONDITION G13 applies where the conveyancer’s client account or as otherwise required by the at an equal daily rate during the period to which it relates; and SELLER is holding or otherwise entitled to money by way of rent deposit in respect of a TENANCY. In this CONDITION G13 terms of the CONTRACT. (c) where the amount to be apportioned is not known at “rent deposit deed” means the deed or other DOCUMENT under COMPLETION apportionment is to be made by reference to G6.5 If COMPLETION takes place after 1400 hours for a reason other which the rent deposit is held. than the SELLER’S default it is to be treated, for the purposes of a reasonable estimate and further payment is to be made by G13.3 If the rent deposit is not assignable the SELLER must on apportionment and calculating interest, as if it had taken place SELLER or BUYER as appropriate within five BUSINESS DAYS of COMPLETION hold the rent deposit on trust for the BUYER and, on the next BUSINESS DAY. the date when the amount is known. subject to the terms of the rent deposit deed, comply at the cost G10.5 If a payment due from the BUYER to the SELLER on or after G6.6 Where applicable the CONTRACT remains in force following of the BUYER with the BUYER’s lawful instructions. COMPLETION. COMPLETION is not paid by the due date, the BUYER is to pay interest to the SELLER at the INTEREST RATE on that payment G13.4 Otherwise the SELLER must on COMPLETION pay and assign its G7 Notice to complete from the due date up to and including the date of payment. interest in the rent deposit to the BUYER under an assignment in G7.1 The SELLER or the BUYER may on or after the AGREED which the BUYER covenants with the SELLER to: G11 ARREARS COMPLETION DATE but before COMPLETION give the other (a) observe and perform the SELLER’s covenants and conditions Part 1 – Current rent notice to complete within ten BUSINESS DAYS (excluding the in the rent deposit deed and indemnify the SELLER in respect of date on which the notice is given) making time of the essence. G11.1 “Current rent” means, in respect of each of the TENANCIES any breach; subject to which the LOT is sold, the instalment of rent and other G7.2 The person giving the notice must be READY TO COMPLETE. (b) give notice of assignment to the tenant; and sums payable by the tenant on the most recent rent payment G7.3 If the BUYER fails to comply with a notice to complete the SELLER date on or within four months preceding COMPLETION. (c) give such direct covenant to the tenant as may be required may, without affecting any other remedy the SELLER has: by the rent deposit deed. G11.2 If on COMPLETION there are any ARREARS of current rent (a) terminate the CONTRACT; the BUYER must pay them, whether or not details of those G14 VAT (b) claim the deposit and any interest on it if held by a stakeholder; ARREARS are given in the SPECIAL CONDITIONS. G14.1 Where a SALE CONDITION requires money to be paid or other consideration to be given, the payer must also pay any VAT that (c) forfeit the deposit and any interest on it; G11.3 Parts 2 and 3 of this CONDITION G11 do not apply to ARREARS of current rent. is chargeable on that money or consideration, but only if given a (d) resell the LOT; and valid VAT invoice. Part 2 – BUYER to pay for ARREARS (e) claim damages from the BUYER. G14.2 Where the SPECIAL CONDITIONS state that no VAT OPTION has G7.4 If the SELLER fails to comply with a notice to complete the G11.4 Part 2 of this CONDITION G11 applies where the SPECIAL been made the SELLER confirms that none has been made by it BUYER may, without affecting any other remedy the BUYER has: CONDITIONS give details of ARREARS. or by any company in the same VAT group nor will be prior to G11.5 The BUYER is on COMPLETION to pay, in addition to any other (a) terminate the CONTRACT; and COMPLETION. money then due, an amount equal to all ARREARS of which G15 TRANSFER as a going concern (b) recover the deposit and any interest on it from the SELLER or, details are set out in the SPECIAL CONDITIONS. if applicable, a stakeholder. G15.1 Where the SPECIAL CONDITIONS so state: G11.6 If those ARREARS are not OLD ARREARS the SELLER is to assign (a) the SELLER and the BUYER intend, and will take all G8 If the CONTRACT is brought to an end to the BUYER all rights that the SELLER has to recover those practicable steps (short of an appeal) to procure, that the sale If the CONTRACT is lawfully brought to an end: ARREARS. is treated as a TRANSFER of a going concern; and (a) the BUYER must return all papers to the SELLER and Part 3 – BUYER not to pay for ARREARS (b) this CONDITION G15 applies. appoints the SELLER its agent to cancel any registration of the G11.7 Part 3 of this CONDITION G11 applies where the SPECIAL G15.2 The SELLER confirms that the SELLER: CONTRACT; and CONDITIONS (a) is registered for VAT, either in the SELLER’S name or as a (b) the SELLER must return the deposit and any interest on it to (a) so state; or member of the same VAT group; and the BUYER (and the BUYER may claim it from the stakeholder, if (b) give no details of any ARREARS. (b) has (unless the sale is a standard-rated supply) made in applicable) unless the SELLER is entitled to forfeit the deposit G11.8 While any ARREARS due to the SELLER remain unpaid the under CONDITION G7.3. relation to the LOT a VAT OPTION that remains valid and will not BUYER must: be revoked before COMPLETION. G9 Landlord’s licence (a) try to collect them in the ordinary course of management but G15.3 The BUYER confirms that G9.1 Where the LOT is or includes leasehold land and licence to need not take legal proceedings or forfeit the TENANCY; (a) it is registered for VAT, either in the BUYER’S name or as a assign or sublet is required this CONDITION G9 applies. (b) pay them to the SELLER within five BUSINESS DAYS of member of a VAT group; G9.2 The CONTRACT is conditional on that licence being obtained, receipt in cleared funds (plus interest at the INTEREST RATE (b) it has made, or will make before COMPLETION, a VAT by way of formal licence if that is what the landlord lawfully calculated on a daily basis for each subsequent day’s delay in OPTION in relation to the LOT and will not revoke it before or requires. payment); within three months after COMPLETION; (c) on request, at the cost of the SELLER, assign to the SELLER G9.3 The AGREED COMPLETION DATE is not to be earlier than the (c) article 5(2B) of the Value Added Tax (Special Provisions) or as the SELLER may direct the right to demand and sue for OLD date five BUSINESS DAYS after the SELLER has given notice to Order 1995 does not apply to it; and the BUYER that licence has been obtained (“licence notice”). ARREARS, such assignment to be in such form as the SELLER’S (d) it is not buying the LOT as a nominee for another person. G9.4 The SELLER must conveyancer may reasonably require; (d) if reasonably required, allow the SELLER’S conveyancer G15.4 The BUYER is to give to the SELLER as early as possible before (a) use all reasonable endeavours to obtain the licence at the to have on loan the counterpart of any TENANCY against an the AGREED COMPLETION DATE evidence SELLER’S expense; and undertaking to hold it to the BUYER’s order; (a) of the BUYER’S VAT registration; (b) enter into any Authorised Guarantee Agreement (“AGA”) (e) not without the consent of the SELLER release any tenant or (b) that the BUYER has made a VAT OPTION; and properly required (procuring a guarantee of that AGA if lawfully surety from liability to pay ARREARS or accept a surrender of or (c) that the VAT OPTION has been notified in writing to required by the landlord). forfeit any TENANCY under which ARREARS are due; and HM Revenue and Customs; and if it does not produce the G9.5 The BUYER must promptly (f) if the BUYER disposes of the LOT prior to recovery of relevant evidence at least two BUSINESS DAYS before the (a) provide references and other relevant information; and all ARREARS obtain from the BUYER’S successor in title a AGREED COMPLETION DATE, CONDITION G14.1 applies at (b) comply with the landlord’s lawful requirements. covenant in favour of the SELLER in similar form to part 3 of this COMPLETION. G9.6 If within three months of the CONTRACT DATE (or such longer CONDITION G11. G15.5 The BUYER confirms that after COMPLETION the BUYER intends to period as the SELLER and BUYER agree) the SELLER has not G11.9 Where the SELLER has the right to recover ARREARS it must (a) retain and manage the LOT for the BUYER’S own benefit as given licence notice to the BUYER the SELLER or the BUYER may not without the BUYER’S written consent bring insolvency a continuing business as a going concern subject to and with the (if not then in breach of any obligation under this CONDITION proceedings against a tenant or seek the removal of goods from benefit of the TENANCIES; and G9) by notice to the other terminate the CONTRACT at any time the LOT. (b) collect the rents payable under the TENANCIES and charge before the SELLER has given licence notice. That termination is G12 Management VAT on them. without prejudice to the claims of either SELLER or BUYER for G12.1 This CONDITION G12 applies where the LOT is sold subject to G15.6 If, after COMPLETION, it is found that the sale of the LOT is not breach of this CONDITION G9. TENANCIES. a TRANSFER of a going concern then:
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 49 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections RHP 6 pages_DEC 2018.indd 49 21/11/2018 14:53 AUCTION: 10 DECEMBER 2018 | ENQUIRIES: 020 7637 4000
(a) the SELLER’s conveyancer is to notify the BUYER’s G21 Environmental G24.2 Where practicable, without exposing the SELLER to liability or conveyancer of that finding and provide a VAT invoice in respect G21.1 This CONDITION G21 only applies where the SPECIAL penalty, the SELLER must not without the written consent of the of the sale of the LOT; CONDITIONS so provide. BUYER (which the BUYER must not unreasonably withhold or (b) the BUYER must within five BUSINESS DAYS of receipt of G21.2 The SELLER has made available such reports as the SELLER delay) serve or respond to any notice or begin or continue any the VAT invoice pay to the SELLER the VAT due; and has as to the environmental condition of the LOT and has given proceedings. (c) if VAT is payable because the BUYER has not complied with the BUYER the opportunity to carry out investigations (whether G24.3 If the SELLER receives a notice the SELLER must send a copy to this CONDITION G15, the BUYER must pay and indemnify the or not the BUYER has read those reports or carried out any the BUYER within five BUSINESS DAYS and act as the BUYER SELLER against all costs, interest, penalties or surcharges that investigation) and the BUYER admits that the PRICE takes into reasonably directs in relation to it. the SELLER incurs as a result. account the environmental condition of the LOT G24.4 Following COMPLETION the BUYER must: G21.3 The BUYER agrees to indemnify the SELLER in respect of G16 Capital allowances (a) with the co-operation of the SELLER take immediate steps to all liability for or resulting from the environmental condition of substitute itself as a party to any proceedings; G16.1 This CONDITION G16 applies where the SPECIAL CONDITIONS the LOT. state that there are capital allowances available in respect of (b) use all reasonable endeavours to conclude any proceedings or G22 Service Charge the LOT. negotiations for the renewal of the TENANCY and the determination G22.1 This CONDITION G22 applies where the LOT is sold subject to of any interim rent as soon as reasonably practicable at the best rent G16.2 The SELLER is promptly to supply to the BUYER all information TENANCIES that include service charge provisions. or rents reasonably obtainable; and reasonably required by the BUYER in connection with the G22.2 No apportionment is to be made at COMPLETION in respect of BUYER’s claim for capital allowances. (c) if any increased rent is recovered from the tenant (whether service charges. as interim rent or under the renewed TENANCY) account to the G16.3 The value to be attributed to those items on which capital G22.3 Within two months after COMPLETION the SELLER must provide SELLER for the part of that increase that relates to the SELLER’S allowances may be claimed is set out in the SPECIAL to the BUYER a detailed service charge account for the service period of ownership of the LOT within five BUSINESS DAYS of CONDITIONS. charge year current on COMPLETION showing: receipt of cleared funds. G16.4 The SELLER and BUYER agree: (a) service charge expenditure attributable to each TENANCY; G24.5 The SELLER and the BUYER are to bear their own costs in (a) to make an election on COMPLETION under Section (b) payments on account of service charge received from each relation to the renewal of the TENANCY and any proceedings 198 of the Capital Allowances Act 2001 to give effect to this tenant; relating to this. CONDITION G16; and (c) any amounts due from a tenant that have not been received; G25 Warranties (b) to submit the value specified in the SPECIAL CONDITIONS to (d) any service charge expenditure that is not attributable to any G25.1 Available warranties are listed in the SPECIAL CONDITIONS. HM Revenue and Customs for the purposes of their respective TENANCY and is for that reason irrecoverable. G25.2 Where a warranty is assignable the SELLER must: capital allowance computations. G22.4 In respect of each TENANCY, if the service charge account (a) on COMPLETION assign it to the BUYER and give notice of G17 Maintenance agreements shows: assignment to the person who gave the warranty; and G17.1 The SELLER agrees to use reasonable endeavours to (a) that payments that the tenant has made on account exceed (b) apply for (and the SELLER and the BUYER must use all TRANSFER to the BUYER, at the BUYER’s cost, the benefit attributable service charge expenditure, the SELLER must pay to reasonable endeavours to obtain) any consent to assign that is of the maintenance agreements specified in the SPECIAL the BUYER an amount equal to that excess when it provides the required. CONDITIONS. service charge account; or If consent has not been obtained by COMPLETION the warranty G17.2 The BUYER must assume, and indemnify the SELLER in respect (b) that attributable service charge expenditure exceeds payments made on account, the BUYER must use all reasonable must be assigned within five BUSINESS DAYS after the consent of, all liability under such agreements from the ACTUAL has been obtained. COMPLETION DATE. endeavours to recover the shortfall from the tenant as soon as practicable and promptly pay the amount so recovered to the G25.3 If a warranty is not assignable the SELLER must after G18 Landlord and Tenant Act 1987 SELLER; but in respect of payments on account that are still due COMPLETION: G18.1 This CONDITION G18 applies where the sale is a relevant from a tenant CONDITION G11 (ARREARS) applies. (a) hold the warranty on trust for the BUYER; and disposal for the purposes of part I of the Landlord and Tenant G22.5 In respect of service charge expenditure that is not attributable (b) at the BUYER’s cost comply with such of the lawful Act 1987 to any TENANCY the SELLER must pay the expenditure incurred instructions of the BUYER in relation to the warranty as do not G18.2 The SELLER warrants that the SELLER has complied with in respect of the period before ACTUAL COMPLETION DATE and place the SELLER in breach of its terms or expose the SELLER to sections 5B and 7 of that Act and that the requisite majority of the BUYER must pay the expenditure incurred in respect of the any liability or penalty. qualifying tenants has not accepted the offer. period after ACTUAL COMPLETION DATE. Any necessary monetary G26 No assignment G19 Sale by PRACTITIONER adjustment is to be made within five BUSINESS DAYS of the SELLER providing the service charge account to the BUYER. The BUYER must not assign, mortgage or otherwise TRANSFER G19.1 This CONDITION G19 applies where the sale is by a or part with the whole or any part of the BUYER’S interest under G22.6 If the SELLER holds any reserve or sinking fund on account of PRACTITIONER either as SELLER or as agent of the SELLER. this CONTRACT. future service charge expenditure or a depreciation fund: G19.2 The PRACTITIONER has been duly appointed and is empowered G27 Registration at the Land Registry to sell the LOT. (a) the SELLER must pay it (including any interest earned on it) to the BUYER on COMPLETION; and G27.1 This CONDITION G27.1 applies where the LOT is leasehold G19.3 Neither the PRACTITIONER nor the firm or any member of the (b) the BUYER must covenant with the SELLER to hold it in and its sale either triggers first registration or is a registrable firm to which the PRACTITIONER belongs has any personal accordance with the terms of the TENANCIES and to indemnify disposition. The BUYER must at its own expense and as soon as liability in connection with the sale or the performance of the the SELLER if it does not do so. practicable: SELLER’s obligations. The TRANSFER is to include a declaration G23 Rent reviews (a) procure that it becomes registered at the Land Registry as excluding that personal liability. proprietor of the LOT; G23.1 This CONDITION G23 applies where the LOT is sold subject G19.4 The LOT is sold to a TENANCY under which a rent review due on or before (b) procure that all rights granted and reserved by the lease (a) in its condition at COMPLETION; the ACTUAL COMPLETION DATE has not been agreed or under which the LOT is held are properly noted against the (b) for such title as the SELLER may have; and determined. affected titles; and (c) with no title guarantee; G23.2 The SELLER may continue negotiations or rent review (c) provide the SELLER with an official copy of the register and the BUYER has no right to terminate the CONTRACT or any proceedings up to the ACTUAL COMPLETION DATE but may relating to such lease showing itself registered as proprietor. other remedy if information provided about the LOT is inaccurate, not agree the level of the revised rent or commence rent review G27.2 This CONDITION G27.2 applies where the LOT comprises part incomplete or missing. proceedings without the written consent of the BUYER, such of a registered title. The BUYER must at its own expense and as consent not to be unreasonably withheld or delayed. soon as practicable: G19.5 Where relevant: G23.3 Following COMPLETION the BUYER must complete rent review (a) apply for registration of the TRANSFER; (a) the DOCUMENTS must include certified copies of those negotiations or proceedings as soon as reasonably practicable (b) provide the SELLER with an official copy and title plan for the under which the PRACTITIONER is appointed, the DOCUMENT but may not agree the level of the revised rent without BUYER’S new title; and of appointment and the PRACTITIONER’S acceptance of the written consent of the SELLER, such consent not to be appointment; and unreasonably withheld or delayed. (c) join in any representations the SELLER may properly make to the Land Registry relating to the application. (b) the SELLER may require the TRANSFER to be by the lender G23.4 The SELLER must promptly: G28 Notices and other communications exercising its power of sale under the Law of Property Act 1925. (a) give to the BUYER full details of all rent review negotiations G19.6 The BUYER understands this CONDITION G19 and agrees that it and proceedings, including copies of all correspondence and G28.1 All communications, including notices, must be in writing. is fair in the circumstances of a sale by a PRACTITIONER. other papers; and Communication to or by the SELLER or the BUYER may be given G20 TUPE (b) use all reasonable endeavours to substitute the BUYER for to or by their conveyancers. G28.2 A communication may be relied on if: G20.1 If the SPECIAL CONDITIONS state “there are no employees to the SELLER in any rent review proceedings. which TUPE applies”, this is a warranty by the SELLER to this G23.5 The SELLER and the BUYER are to keep each other informed of (a) delivered by hand; or effect. the progress of the rent review and have regard to any proposals (b) made electronically and personally acknowledged the other makes in relation to it. G20.2 If the SPECIAL CONDITIONS do not state “there are no (automatic acknowledgement does not count); or employees to which TUPE applies” the following paragraphs G23.6 When the rent review has been agreed or determined the (c) there is proof that it was sent to the address of the apply: BUYER must account to the SELLER for any increased rent and person to whom it is to be given (as specified in the SALE interest recovered from the tenant that relates to the SELLER’S (a) The SELLER must notify the BUYER of those employees MEMORANDUM) by a postal service that offers normally to period of ownership within five BUSINESS DAYS of receipt of deliver mail the next following BUSINESS DAY. whose CONTRACTs of employment will TRANSFER to the cleared funds. BUYER on COMPLETION (the “Transferring Employees”). This G28.3 A communication is to be treated as received: G23.7 If a rent review is agreed or determined before COMPLETION notification must be given to the BUYER not less than 14 days (a) when delivered, if delivered by hand; or but the increased rent and any interest recoverable from the before COMPLETION. tenant has not been received by COMPLETION the increased (b) when personally acknowledged, if made electronically; (b) The BUYER confirms that it will comply with its obligations rent and any interest recoverable is to be treated as ARREARS. but if delivered or made after 1700 hours on a BUSINESS under TUPE and any SPECIAL CONDITIONS in respect of the G23.8 The SELLER and the BUYER are to bear their own costs in DAY a communication is to be treated as received on the next TRANSFERring Employees. relation to rent review negotiations and proceedings. BUSINESS DAY. (c) The BUYER and the SELLER acknowledge that pursuant and G24 TENANCY renewals G28.4 A communication sent by a postal service that offers normally to deliver mail the next following BUSINESS DAY will be treated as subject to TUPE, the CONTRACTs of employment between the G24.1 This CONDITION G24 applies where the tenant under a received on the second BUSINESS DAY after it has been posted. TRANSFERring Employees and the SELLER will TRANSFER to TENANCY has the right to remain in occupation under part II of the BUYER on COMPLETION. the Landlord and Tenant Act 1954 (as amended) and references G29 CONTRACTs (Rights of Third Parties) Act 1999 (d) The BUYER is to keep the SELLER indemnified against all to notices and proceedings are to notices and proceedings under No one is intended to have any benefit under the CONTRACT liability for the TRANSFERring Employees after COMPLETION. that Act. pursuant to the CONTRACTs (Rights of Third Parties) Act 1999.
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 50 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections RHP 6 pages_DEC 2018.indd 50 21/11/2018 14:53 EXTRA – COMMON AUCTION CONDITIONS 4TH EDITION – APRIL 2018 EXTRA GENERAL CONDITIONS OF SALE APPLICABLE TO ALL LOTS
G30 EXTRA GENERAL CONDITIONS (b) that all or part of the LOT whether comprising a house, part (as agents for the SELLER) treat this as the BUYERS repudiation of G30.1 If a cheque for all or part of the deposit is not cleared on first of a house, flat or flats may not legally be used for immediate the CONTRACT and re-offer the LOT for sale. presentation, the AUCTIONEERS are under no obligation to residential occupation. G30.6 The AUCTIONEERS shall be under no financial liability in re-present the cheque, but should they do so (at their sole G30.3 The BUYER will pay to the AUCTIONEERS an Administration respect of any matters arising out of the AUCTION or the discretion) then the BUYER will pay to the AUCTIONEERS a fee Fee of £750 inclusive of VAT (£375 for transactions of less than PARTICULARS of any LOT or any of the CONDITIONS relating of £100 plus VAT, such payment being due whether or not the £10,000). If for any reason this sum is not paid on exchange of to any LOT. No claims shall be made against the AUCTIONEERS contracts then it will be payable to the SELLER’S solicitors on cheque ultimately clears. by the BUYER in respect of any loss or damage or claim actually COMPLETION in addition to the purchase PRICE. G30.2 Vacant possession of the LOT shall be given to the BUYER on or allegedly suffered by or made against the BUYER by reason COMPLETION except where stated in the SPECIAL CONDITIONS. G30.4 Any description of the LOT which includes reference to its use of the BUYER entering into the CONTRACT. The BUYER accepts vacant possession of the whole or any part does not imply or warrant that it may be legally used for that G30.7 The AUCTIONEERS have undertaken their best endeavours to of the LOT offered with vacant possession notwithstanding that: purpose. satisfy themselves as to the bona fides of the SELLER and that (a) there may be furniture, fittings, effects, waste or rubbish G30.5 If the BUYER is unable to provide adequate means of identification he is the beneficial owner but we give no warranty. remaining at the LOT in which case the BUYER shall not in the auction room either for himself or for the contractual be entitled to require the removal of such items or delay BUYER (if this is different) the AUCTIONEERS may retain the sale G30.8 The deposit will be held by the AUCTIONEERS as agents for the COMPLETION on the grounds that the existence of such items memorandum signed by or on behalf of the SELLER until such seller unless the sale is subject to VAT where it will be held as does not constitute vacant possession, and identification is produced and in the absence of its production may stakeholder.
AUCTION MAILING LIST
TO RECEIVE ON-LINE CATALOGUE, AUCTION NEWS, LATE LOTS AND RESULTS SUBSCRIBE TO OUR FREE EMAIL NEWSLETTER (you can unsubscribe at any time).
Send name, email address and contact number to [email protected] Subscription to receive hard copy catalogues by post £55 (£75 overseas) for 6 copies. To make your subscription please complete and return the form below:
Waltham House, 11 Kirkdale Road, London E11 1HP
Auction accounts team on 020 7637 4000
✃
NAME / COMPANY: ......
ADDRESS: ......
......
......
...... POSTCODE:......
TELEPHONE: ...... EMAIL: ......
METHOD OF PAYMENT: Enclose cheque made payable to “Strettons” with completed form or provide Credit/Debit Card details:
TYPE OF PAYMENT CARD:......
NAME ON CARD: ...... CARD NUMBER: ......
EXPIRY DATE ...... 3 DIGIT SECURITY CODE: ......
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 51 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections RHP 6 pages_DEC 2018.indd 51 21/11/2018 14:53 AUCTION MEMORANDUM Please note: we are unable to accept the deposit payment in cash
Date ...... 2018
Name of seller ......
Name and address of buyer ......
......
......
......
The lot number ...... SUBJECT TO SPECIAL CONDITIONS
The price (excl. any vat) ...... ATTACHED OPPOSITE SHEET(S)
Deposit paid ......
The seller agrees to sell and the buyer agrees to buy the lot for the price. This agreement is subject to the conditions so far as they apply to the lot.
We acknowledge receipt of the deposit.
Signed by the buyer ......
Signed by Strettons as
agent for the seller ...... (Ref: ...... )
buyer’s solicitors:
...... Name B/DRAFT £......
Address ...... CHEQUE £......
...... DEBIT CARD £......
...... ADMIN FEE £......
Contact ......
In addition to the deposit to be paid to Strettons on exchange of contracts you are required to pay a Buyer’s Administration Fee of £750 inclusive of VAT (or £375 for transactions less than £10,000). A VAT receipt will be issued on the following working day.
DO NOT DETACH • DO NOT DETACH • DO NOT DETACH • DO NOT DETACH • DO NOT DETACH
52
Strettons_Auction Catalogue_Back Sections RHP 6 pages_DEC 2018.indd 52 21/11/2018 14:53 IMPORTANT NOTICE AUCTION TO PROSPECTIVE BUYERS INFORMATION SERVICES The notices below apply to all properties within this catalogue and are essential reading before you bid. Please also check strettons.co.uk for updates.
AUCTIONS 1. Properties are offered subject to the “Common 7. No employee of the auctioneers has the authority to make LEGAL DOCUMENTS Cavendish Legal Group is a leading team SERVICES PROVIDED Waltham House Auction Conditions (4th Edition April 2018)” which are or give any representation or warranty about any of the lots reproduced with the consent of the Royal Institution of to be offered. Legal documents may be inspected/ of solicitors, providing practical advice to 11 Kirkdale Road, London BY ESSENTIAL Chartered Surveyors. 8. The successful bidder must pay the deposit by personal bank businesses and individuals from our offices E11 1HP downloaded free via the internet. Just INFORMATION GROUP These Conditions have three main sections: debit card (but not business debit or credit card), bankers log on to our ‘on line’ catalogue at across London and the South East. a. Glossary draft, building society draft or by cheque. If this requirement 020 7637 4000 This gives special meanings to some words used in the is not complied with then we reserve the right to offer the strettons.co.uk enter the lot in rest of the conditions. lot elsewhere or again by auction and claim any loss from question, click on the ‘Legal Documents’ [email protected] you. Drafts should be made payable to Strettons. We are AUCTION DEPOSITS strettons.co.uk b. The conduct of the auction unable to accept the deposit payment in cash. button and follow the simple instructions. These conditions regulate the conduct of the auction. You are specifically referred back to the If you read our catalogue or attend the auction you do so 9. If you are successful in the bidding then you have entered into a binding contract to purchase the lot subject to Alternatively you may inspect this “Notices” printed on the inside front cover Also; on the basis that you accept them. Legals the conditions of sale. You must immediately give to the documentation at our Auction office during to this catalogue, including that relating to c. Conditions of sale auctioneer’s clerk your name and address and that of your CITY & CITY FRINGE If you buy you will sign a sale memorandum under normal opening hours, and in the auction the payment of the contractural deposit. 020 7375 1801 solicitor, provide two forms of proof of identity to which you agree to be bound by the conditions of sale for include both the name and address of the buyer, room on the day of the sale. If photocopies that lot. These conditions are: pay the 10% deposit (or £3,000 whichever is the greater) As members of the Auctioneers EAST & NORTH LONDON are required then there will be a charge, • General conditions that apply to all lots. and sign the sale memorandum before leaving the room. Completion and Deposit Scheme (ACADS) 020 8520 9911 • Any extra conditions in the catalogue or an addendum. which may be paid by debit card. • Special conditions that only apply to the lot you are 10. If you are successful then, unless otherwise stated in the details of any dishonoured cheque are Legal documents for some of our lots are WEST END buying (and which may vary the general conditions). conditions of sale, the lot will be at your risk upon the fall of Please be aware that the legal package circulated to other principal auctioneers, the gavel and so you are recommended to arrange insurance nowON or AIR will be available online. 020 7637 8080 These conditions are legally binding. as soon as possible. There will be an insurance desk at the may be amended at any time prior to the which could preclude any defaulter from Legals 2. A prudent buyer before bidding will: auction from where in most cases immediate cover may be sale and you should thus check for any late future bidding at other London auctions in Click the link within the property details • Take professional advice from a solicitor and, in arranged. online to view and download the legal appropriate cases, a surveyor and an accountant. changes on the day of the auction. addition to Strettons. 11. Each successful buyer will be required to pay to documentation available. • Read the conditions. Strettons a BUYER’S ADMINISTRATION FEE • Inspect the lot. of £750 including VAT on exchange of contracts • Carry out usual searches and make usual enquiries. for each lot purchased (or £375 including VAT for COMMERCIAL FUNDING OTHER SERVICES: • Check the content of all documents. transactions of less than £10,000). STRETTONS’ GUIDE • Check the accuracy of the catalogue. See adverts in the catalogue. • Have finance available for the deposit and the purchase price. 12. Various non-optional fixed or variable additional TO BUYING AT AUCTION ON AIR RESIDENTIAL • Check whether VAT registration and election is advisable. fees and costs may be payable by the buyer on & COMMERCIAL top of the purchase price. These will include a buyer’s If you are unfamiliar with procedures, The conditions assume that the buyer has acted administration fee and may include a contribution towards like a prudent buyer. If you choose to buy a lot the seller’s and/or their solicitor’s costs, documentation please call our auction department on BIDDING BY PROXY SALES & LETTINGS without taking these normal precautions you do costs, ground rent, apportionment of rent/service charge, 020 7637 4000 to obtain a buyers’ guide. You are strongly recommended to attend VALUATION so at your own risk. rent/service charge arrears, VAT, Stamp Duty Land Tax etc. Visit eigpropertyauctions.co.uk 3. Photographs or plans are for identification purposes only To establish the full cost of purchasing a property please the auction to bid personally. LEASE ADVISORY and select ‘Search Auctions’. to assist you in the location of the property and they are not obtain your own independent advice and inspect the legal LANDLORD/TENANT REPRESENTATION intended to show the interest to be sold. Such photographs documentation/special conditions. LEGAL ADVICE If you are unable to do so then it may be Choose the option ‘Live Stream’. and plans are expressly excluded from the contract of 13. No responsibility is accepted for any information unless taken possible, by prior arrangement, for you LEASEHOLD REFORM sale. Location plans are reproduced with permission of We have arranged for an independent You will see details of the lot being offered from our own catalogue or web site, or specifically provided to bid by proxy up to your previously EXPERT WITNESS & LITIGATION Ordnance Survey under licence number ES100004608. All by a member of the Strettons’ auction team. firm of Solicitors to provide initial LEGAL and can watch the bidding as measurements and dimensions are approximate. No services ADVICE to prospective Purchasers prior to specified limit. COMPULSORY PURCHASE or systems (e.g. central heating, fire and burglar alarms) have 14. Most Sellers will not allow us to release keys until after it happens. completion. In other cases we will only release keys after the auction and on the day of the London PROPERTY & ESTATE MANAGEMENT been tested. The accommodation describes the number of Proxy bids may be by specific authority for rooms as currently arranged. A statement for one lot does deposits have cleared which will usually be two or three days Sale in the auction room. Please contact the It is not possible to bid using INSOLVENCY & RECEIVERSHIP not imply that it does/does not apply to another. In any and then only with the Sellers consent. a member of our staff to bid on your this service. ‘LEASE DETAILS’ information ground rent may be payable 15. Some of the lots in this catalogue may be in poor repair. auction team: DEVELOPMENT VIABILITY & CONSULTANCY behalf, by telephone, or by internet. and may rise whether or not it is stated. Please take care when inspecting. All viewings are undertaken Whichever method is chosen a proxy AFFORDABLE HOUSING entirely at your own risk. 4. There may be updates to information issued either in this bidding form (available from our office or CHARITY & THIRD SECTOR catalogue or elsewhere. A notice detailing such changes will 16. Guide prices are for guidance purposes only, and represent be available at the auction, or an announcement may be the range within which the reserve (the minimum figure at via our web site on strettons.co.uk) must PROPERTY INSURANCE made from the rostrum. Updates are also posted online which a lot can be sold) may be set at the time of catalogue be completed in full and returned to us at strettons.co.uk You are advised to check with us on printing. Guides may change at any time before the auction, and Howard Freeman or Matt Conroy arrival at the auction as to whether there are any changes properties could sell above or below the figures quoted, but 33 Cavendish Square, at least 2 clear working days before the affecting the lot for which you intend to bid. If you do bid we do update them on our auction web site each working day London W1G 0PW auction. It should be accompanied by your you will be assumed to do so with knowledge of any such up to the last such day before the auction, and they are shown changes. You should also check whether a lot in which you on the printed auction day announcement sheet. If a change deposit, in the prescribed form, for 10% are interested has been withdrawn or sold prior. occurs after this publication deadline then an announcement 020 7016 3016 of your maximum bid price, subject to a 5. Offers can be submitted to buy a lot before the auction will be made from the rostrum. If the guide price is stated as a [email protected] minimum of £3,000. CERTIFICATE NO. 1361 and if acceptable a sale can proceed but the property will single figure then the reserve will be within 10% of the stated www.clglaw.co.uk not be withdrawn from the auction until contracts have figure. been exchanged. 17. The word “Equivalent” in relation to rent means the 6. Some sellers require the buyer to contribute towards corresponding annual amount due. their legal/administrative costs by specifying an additional 18. Before bidding all bidders need to provide valid ID. amount payable on completion. If applicable then it will be Please refer to the bidder identity registration notice in the detailed in the special conditions of sale applying to that lot. catalogue/online or contact us.
NEXT AUCTION: 6th FEBRUARY 2019 strettons.co.uk CERTIFICATE NO. 1361 CATALOGUE ONLINE: 16th JANUARY – HARD COPIES AVAILABLE: 18th JANUARY FOR UP-TO-THE-MINUTE INFORMATION ON GUIDE PRICES, AMENDMENTS, ANNOUNCEMENTS, LEGAL DOCUMENTATION
© COPYRIGHT STRETTONS 2018. All rights are reserved. No part of this catalogue may be reproduced, stored or transmitted in any form or by any means without our prior permission. Unauthorised reproduction will result in enforcement action.
ST_Cover_DEC 18.indd 2 20/11/2018 11:28 DECEMBER 2018 NATIONAL STRETTONS PROPERTY AUCTION FUTURE NATIONAL AUCTION DATES PROPERTY RESIDENTIAL AUCTION & COMMERCIAL RESIDENTIAL
WEDNESDAY 6th FEBRUARY 2019 & COMMERCIAL
MONDAY 25th MARCH 2019
TUESDAY 21st MAY 2019
TUESDAY 16th JULY 2019
THURSDAY 17th OCTOBER 2019
MONDAY 16th DECEMBER 2019
OTHER SERVICES:
RESIDENTIAL & COMMERCIAL
SALES & LETTINGS VALUATION LEASE ADVISORY LANDLORD/TENANT REPRESENTATION LEASEHOLD REFORM EXPERT WITNESS & LITIGATION COMPULSORY PURCHASE PROPERTY & ESTATE MANAGEMENT INSOLVENCY & RECEIVERSHIP DEVELOPMENT VIABILITY & CONSULTANCY AFFORDABLE HOUSING CHARITY & THIRD SECTOR PROPERTY INSURANCE
CERTIFICATE NO. 1361 MONDAY 10th DECEMBER 2018, 11am DE VERE GRAND CONNAUGHT ROOMS 61-65 Great Queen Street, Kingsway, London WC2B 5DA
ST_Cover_DEC 18.indd 1 20/11/2018 11:28