Residential & Commercial Property Auction
Monday 2nd March 2015 Radisson Blu Portman Hotel London 22 Portman Square, London W1H 7BG Starting 12 noon
CONTENTS
Contents and Auctioneer’s Note ...... 1
Guide to Auction ...... 2
Auction Team ...... 3
Lot Order and Guide Prices ...... 4
Auction Information ...... 5
Auction Conditions ...... 30
Index of Seller’s Solicitors ...... 36
EPCs ...... 37
Registration Form for Proxy, Telephone or Internet Bidding ...... 38
Memorandum of Sale ...... 39
Auction Bidder’s Registration Form ...... 40
AUCTIONEER’S NOTE
Dear Reader Welcome to our March auction catalogue: the fi rst for 2015. The UK property world has had some mixed messages to absorb in the last few months. On one side, the recovering economy is at last seeing wage growth beginning to rise into line with the continuing upturn in productivity. On the other hand, the “north/south divide” in property values is showing no sign of abating and, if anything, the gap seems to be ever-widening. On top of that, whilst we have the prospect (rather than a mere promise) of an election and even its date known months in advance, there is great uncertainty surrounding the likely result of that election. Steven Norris predicted months ago that neither of the main parties will command a majority come 8th May and, indeed, it seems that it will be post-election bargaining, rather than our votes, that decides who sites where in the House of Commons going forward: something we may have to get used to. I believe that uncertainty represents opportunity. For the committed property investor, now is a time when it may be opportune to buy, just as others are adopting a “wait and see” attitude. On 1st December last year, I conducted my fi rst auction for MS Auctions (some of you will remember that I joined last September). Amongst the successes on the day was the sale of a vacant residential development opportunity in Germany. As far as I can recall across 17 years on the rostrum, this is the fi rst time I’ve ever knocked down a property outside the UK. This catalogue provides more such opportunities because, as well as the usual selection of property from around the country, we also have some international entries, including property in Canada and Turkey. Do make sure you inform us before the auction of your interest in a property, in case we receive a pre-auction offer that tempts the vendor to sell prior. Likewise, do make sure you read the legal pack and this entire catalogue – including all the “small print” – because that will give you the best guarantee of making a successful purchase. Our next auction in 2015 will be on 30th April. Do contact us if you’d like to sell something in the New Year and would like our opinion as to saleability. Finally, do remember we’re here to help – we always take even “beginner” questions seriously – and good luck! Felix Rigg B.Mus. Auctioneer
1 YOUR GUIDE TO BUYING AT AUCTION
Regular auction buyers know it is a simple process. But before For those of you who cannot attend it’s possible to follow the coming to our sale we recommend prospective buyers: auction online via our website. This service will be available from the start of the auction. • Browse upcoming sales or search for a specifi c property online. Keep in touch with us We are here to help. If you register your interest with us via our • View the property details in the online catalogue website or by contacting us directly this will help us keep in • Tell us about your interest. We may be able to help and tell you touch with you if there are changes. We want you though to be about any updates comfortable once you join us, so here is an outline of the process. Read • Auctioneer’s announcements: The auctioneers will open The Common Auction Conditions of Sale (CAC) have been proceedings with preliminary remarks and announcements. published by the Royal Institution of Chartered Surveyors and are They may affect the property you aim to buy so please arrive reproduced on our website and towards the end of this catalogue. promptly even though the lot you are interested in may be As surveyors and auctioneers we have adopted the CAC and the towards the end of the auction. sale of properties in England and Wales are subject to them. They • Auction day amendments: Sellers/solicitors may amend details set out the duties and obligations of the buyers and sellers and of up to the time of auction. Do check whether your property the auctioneer. This is an important document. As far as possible has sold prior/been withdrawn/subject to change. Don’t forget it has been written in plain English but it does form part of your to get a copy of the Addendum, which is available in the contract of purchase and some terms will inevitably use legal auction room. Ensure that you have seen and understand any phraseology. addenda relating to the property for which you are bidding. You should consult with your legal adviser before bidding and Guide prices may also change during the marketing period. An also your accountant regarding the impact of VAT, if applicable, up to date guide price list is also available in the auction room. on the sale price. The CAC are divided into three parts. If you are • Auction day assistance: Any of the MS Auction team are there intending to bid for yourself or another please read the Conduct to help you. If you have any special needs regarding access or of the Auction section carefully before arrival. If you need help in seating or disabilities where you require our assistance please understanding them please contact us, preferably by e-mail or let us know. We will do our utmost to be of service. consult your legal adviser. Auction Procedure Each property will have its own legal documents including the 1. Please bid in time and clearly. You are important to us and we Special Conditions of Sale which are supplied by the seller’s don’t want to miss your bid. solicitor. If you receive copies they should be checked against the originals before the auction to make sure they have been scanned 2. If you are the highest accepted bidder when the gavel falls correctly. Seller’s solicitors usually hold title deeds, leases and you are under a binding contract to purchase the property. other documents relevant to the sale. They are usually available An MS Auction team member will give you a purchaser’s card to download free from our website. Please let us know if getting a confi rming this. legal pack is problematic. 3. Write your name and address as the bidder; details of the Check buyer, (if this is different) and the name and address of the The information on each property in this catalogue has been solicitor who is acting for the buyer. This information is used to provided and checked by the seller and their solicitor. We can only complete the memorandum of sale, a copy of which is printed give a short overview of what is being sold and the photographs in the back of the catalogue. and plans are for identifi cation only. As a potential purchaser you 4. You will then need to provide a deposit cheque for 10% of the will know there is no substitute for your own research. Where we purchase price, drawn on a UK clearing bank and payable to are aware of any changes before the auction these will be listed on the seller’s solicitor unless the Special Conditions of Sale say the website under the Addendum. otherwise. Ensure you have adequate funds in your account. Inspect We cannot accept cash. The property: You must inspect the building inside and outside. 5. At the same time you will be asked for two original forms You may need professional advice to survey the condition of the of identifi cation to meet the Money Laundering Regulations building and the boundaries. Where properties are occupied, 2007 (Further information can be obtained by viewing the core viewings must be arranged through us. guidance notes on the OFT website). Double Check 6. Next you will attend the contract table to sign the Sometimes properties are sold or withdrawn prior to auction. At memorandum of sale and any other relevant contact other times information with which we have been supplied requires documents. We will give you copies of the signed documents, updating as the marketing period progresses. This may include the which you should pass on to your solicitor. information in the catalogue as well as the legal documentation. We may also wish to change the guide price in response to 7. A charge of £500 plus VAT must be paid by the buyer (or interest generated by our marketing. We publish these changes sucessful bidder) of each lot purchased, at the same time on our website as well as in the Addendum, which is available on as, and in addition to the deposit. If this charge is not paid the auction day. The Addendum is part of the contract of sale. separately, it will be deducted from the amount of monies Sometimes we are informed of changes at the last moment and received before the balance is applied to the contractual therefore please make sure you arrive early at the auction to hear deposit. If the purchaser fails to complete no refund will be any pre-sale announcements by the auctioneer. given, whether prior, during or post auction. Can’t make the Auction 8. If VAT is charged on the purchase price, this will be stated Making an offer prior to auction: All offers to purchase prior to in the Special Conditions of Sale relevant to the lot you are auction should be made to the auctioneers. Please note some bidding for. sellers will not or cannot sell prior. 9. In most cases, if you are the successful buyer, you will need to We provide a proxy and telephone bidding service, details of immediately put in place insurance upon the property. which, together with the terms and conditions, can be found on the website or at the end of this catalogue.
*GUIDE PRICE An indication of the seller’s current minimum price fi gure within 10% of which the minimum acceptable price acceptable price at auction. The guide price or range of guide (reserve) would fall. A guide price is different to a reserve price (see prices is given to assist consumers in deciding whether or not separate defi nition). Both the guide price and the reserve price can to pursue a purchase. It is usual, but not always the case that a be subject to change up to and including the day of the auction. provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fi xed *RESERVE PRICE The seller’s minimum acceptable price at at this stage and can be adjusted by the seller at any time up to auction and the fi gure below which the auctioneer cannot sell. The the day of the auction in the light of interest shown during the reserve price is not disclosed and remains confi dential between marketing period, a guide price is issued. This guide price can be the seller and the auctioneer. Both the guide price and the reserve shown in the form of a minimum and maximum price range within can and may be subject to change up to and including the day of which an acceptable sale price (reserve) would fall, or as a single the auction. 2 OFFICE LOCATION
141 Viglen House Alperton Lane London HA0 1HD Phone: 020 8998 8464 020 8997 5878 Email: [email protected] Web: www.msauctions.co.uk
AUCTION VENUE
Radisson Blu Portman Hotel London 22 Portman Square London W1H 7BG Phone: 020 7208 6000
Nearest Tube Stations: Marble Arch & Bond Street Monday 2nd March 2015 Starting 12 noon
THE AUCTION TEAM
Amjad Sabir Raja Samra Ali Khan Managing Director Accounts Manager [email protected] [email protected]
Felix Rigg Ahsan Sultan Auctioneer Business Development Executive [email protected] [email protected]
Shad Azad Rehan Khawaja Director Business Development Executive [email protected] [email protected]
Masooma Asim Auction Administrator [email protected]
3 LOT ORDER AND GUIDE PRICES
Lot 1 50 Wolseley Road, Mitcham, Surrey CR4 4JQ £130,000 Lot 2 18 Hubbard Road, West Norwood, London SE27 9PJ £160,000 Lot 3 41 Lynwood Close, South Woodford E18 1DP £190,000 Lot 4 133 Cheriton High Street, Folkestone CT19 4HQ £130,000 Lot 5 Flat 5, 103 Earls Court Road, Kensington, London W8 6QH £600,000 Lot 6 52 Hazelwood Road, Nottingham NG7 5LB £75,000 Lot 7 55–57 Main Street, Coatbridge, Lanarkshire ML5 3AE £175,000+ Lot 8 Flat 5, 26 Rosendale Road, Dulwich, London SE21 8DR £260,000 Lot 9 5a Lewisham Way, New Cross, London SE14 6PP £230,000 Lot 10 335 Holderness Road, Hull HU8 8SH £140,000 Lot 11 330 Lea Bridge Road, Leyton E10 7LA £TBC Lot 12 Land At Rogate Road, Nyewood, Hampshire £TBC Lot 13 Oakley Lodge, 326 Brownhill Road, Catford SE6 1AX £170,000 Lot 14 182 Manchester Road, Oldham, Lancashire OL9 7BN £85,000 Lot 15 Unit 5, Via Terre Gialle 1, 58033 Castel Del Piano, Tuscany, Italy £75,000 Lot 16 404–424 High Road, Leyton, London E10 6QE £1,450,000 Lot 17 26 Studley Road, London E7 9LX £245,000 Lot 18 134 Steade Road, Sheffi eld S7 1DU £170,000 Lot 19 7 Market Street, Leigh, Lancaster WN7 1ED £85,000 Lot 20 Former Miskin Community Education Centre, Mountain Ash CF45 3BD £75,000 Lot 21 131 Cleethorpe Road, Grimsby DN31 3EY £50,000 Lot 22 Garage & Land at 229 Phipps Bridge Road SW19 2SS £20,000 Lot 23 Land In New Brunswick, Canada £15,000 Lot 24 Adra 9 Lakeside Apartment, Bodrum, Turkey BOD 165 £50,000 Lot 25 49 Finsbury House, Partridge Way, Wood Green, London N22 8DU £135,000 Lot 26 28 Houseman Gardens, Nottingham NG2 2HX £90,000 Lot 27 Land At Mynydd Brithweun, Trealaw, Tonypandy CF43 3PW £20,000 Lot 28 Former Leisure Centre, Waltwood Road, Underwood NP18 2EY £90,000 Lot 29 Garage and Land at 424 Lynmouth Avenue, Mordon SM4 4RU £10,000 Lot 30 15 King Street, Whitehaven CA28 7LA £80,000 Lot 31 37 Clifton Road, Greenford UB6 8SP Nil Reserve Lot 32 111 Stewart Road, Falkirk FK2 7AQ £18,000 Lot 33 36 Hovis Street, Openshaw, Manchester M11 2JD £85,000 Lot 34 48 & 49 Caves Road, St Leonards-on-sea TN38 0BY £100,000 Lot 35 7 Boundary Road, Hove BN3 4EH £245,000 Lot 36 Land To The South Of Hinderton Road, Birkenhead CH41 9AA Nil Reserve
4 AUCTION INFORMATION
Auction Enquiries For all enquiries about any of the properties within the catalogue, bidding at auction or to submit a property into our next auction on 30th April 2015, please telephone 020 8998 8464.
*Guide Prices To obtain up to date Lot guide prices, simply visit www.msauctions.co.uk. Or obtain the list from www.eigroup.co.uk * See page 2 for de nition of prices.
Legal Packs Anyone wishing to bid at the auction must read the legal documentation rst. This is available to download from www.msauctions.co.uk. Alternatively please telephone the auction team on 020 8998 8464 if you want to view a copy of the legal pack.
Remote bidding If you are unable to attend the auction, you can bid in a number of ways. These include proxy bidding (by paper bid to the auctioneer), telephone bidding (with a member of the auction team) or internet bidding through our live system on www.eigroup.co.uk
In order to do this, please ll out and sign the remote bidding form printed in the catalogue as well as the special conditions and sale of memorandum. We will also require a signed cheque for 10% of your intended maximum bid as a deposit. Your remote bidding request will only be deemed registered once you have been informed by a member of the auction team that this is so.
For further enquiries please call the of ce or email [email protected]
For information directly from the auctioneers please contact: Amjad Raja Of ce: 020 8997 5878 Mobile: 07973 828053 Email: [email protected]
Felix Rigg Of ce: 020 8997 5878 Mobile: 07962 953304 Email: [email protected]
To follow the auction live on the internet Please visit www.msauctions.co.uk and you will be able to see details of the lots currently being offered and watch the bidding as it happens.
Auction Results To obtain the result of the auctions, visit www.msauctions.co.uk
5 *Guide Price £130,000 Lot 1 LEASEHOLD RESIDENTIAL INVESTMENT 50 Wolseley Road, Mitcham, Surrey CR4 4JQ Description A two-bedroom ground oor at within a two storey mid-terraced building of modern construction. Accommodation Two bedrooms, reception, kitchen, bathroom/WC. Location The south west London suburb of Mitcham lies about 7.4 miles from the capital’s West End and between the A23 and A24 arterial routes. Wolseley Road lies about 1.3 miles south of Mitcham town centre. The property lies on the west side of the road in a mianly residential area. Tenure Leasehold with about 65 years remaining. Further information will be available in the legal pack Tenancy Let on an Assured Shorthold Tenancy at a rent of £850 per calendar month (£10,200 per annum). Local Authority London Borough of Sutton tel: 020 8770 5070. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*Guide Price£160,000 Lot 2 LEASEHOLD RESIDENTIAL INVESTMENT 18 Hubbard Road, West Norwood, London SE27 9PJ Description A two bedroom rst oor at within a corner-terraced building of traditional construction. Accommodation Reception, two bedrooms, kitchen, bathroom/WC. Location The south London suburb of West Norwood lies about six miles from the capital’s West End. West Norwood Station provides Southern Rail services. Hubbard Road runs north off Auckland Hill, to the east of the town centre. The property occupies the 1st oor of a corner-terraced building at the junction of Hubbard Road with St Cloud Road and lies within an established residential area. Tenure Long leasehold for a term of 99 years from 29th September 2004. Tenancy Let on an Assured Shorthold Tenancy at a rent of £1,000 per calendar month (£12,000 per annum). Local Authority London Borough of Lambeth tel: 020 7926 1180. Viewings Rehan Khawaja Tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
6 *See page 2 for information on Guide and Reserve Prices. *Guide Price £190,000 Lot 3 LEASEHOLD RESIDENTIAL INVESTMENT 41 Lynwood Close, South Woodford E18 1DP Description A two bedroom at on the second oor of a ve storey modern purpose built block. Accommodation Reception, two bedrooms, kitchen and bathroom/WC. Location The London suburb of South Woodford lies about 8.9 miles north east of the capital’s West End. Both South Woodford and Woodford Underground stations (Central line) lie about a mile away. Lynwood Close runs north off Gordon Road, to the north of the junction of the North Circular Road (A406) and Southend Road (A1400). The property is close to local amenities and parks. Tenure Leasehold for a term of 99 years from 25th December 1967. We are informed that a 50 year extension may be available for about £25,000. Tenancy Holding over by way of an AST for 6 months from 19th December 2011 at a rent equating to £9,600 per annum. Local Authority London Borough of Redbridge tel: 020 8554 5000. Viewings Rehan Khawaja Tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*Guide Price: £130,000 LOT 4 FREEHOLD VACANT SHOP AND LET FLAT 133 Cheriton High Street, Folkestone CT19 4HQ Description A three storey semi-detached building of traditional construction providing a vacant ground oor shop with a tenanted two bedroom maisonette above. Location The channel port of Folkestone lies about 63 miles south east of London and 14 miles south of Canterbury. Folkestone has a population of about 66,000 (2011 census) and is the southern terminus of the M20 motorway. Cheriton lies about 1.6 miles to the west of Folkestone. The Eurotunnel terminal lies to the north of Cheriton on the other side of the M20. Cheriton High Street (B2064) is the town’s main thoroughfare. The property lies on the south side of the street in a mixed commercial/residential area. Tenure Freehold with part vacant possession. Local Authority Shepway District Council tel: 01303 853278. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection. Demise Dimensions m2 sq ft Tenant Tenancy Rent £pa Reviews Comments Shop Sales 22.2 239 VACANT Storage 18.2 196 Maisonette Reception, 3 bedrooms, kitchen, bathroom/WC Individual Assured Shorthold 6,000
*See page 2 for information on Guide and Reserve Prices. 7 *Guide Price £600,000 Lot 5 LEASEHOLD RESIDENTIAL INVESTMENT Flat 5, 103 Earls Court Road, Kensington, London W8 6QH Description A rst oor two bedroom split-level at within a mid-terraced converted house of traditional construction. Accommodation Open plan reception/kitchen, two bedrooms, bathroom/WC. Location The af uent London suburb of Kensington lies about three miles west of the capital’s West End and lies within the Royal Borough of Kensington and Chelsea. Kensington is famous for its Royal Palace, educational institutions, museums and attractions such as the Royal Albert Hall and Albert Memorial. Earl’s Court Road forms part of the A3220 and is a major one way thoroughfare running south. The property lies on the east side of the road just south of its junction with Lexham Gardens. Tenure Long leasehold with about 80 years remaining at a ground rent of £50 per annum. Further information will be available in the legal pack. Tenancy Let on an Assured Shorthold Tenancy at £1,700 per calendar month (£20,400 per annum). Local Authority Royal Borough of Kensington & Chelsea tel: 020 7937 5464. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*Guide Price £75,000 Lot 6 FREEHOLD RESIDENTIAL INVESTMENT 52 Hazelwood Road, Nottingham NG7 5LB Description A two storey terraced house of traditional construction. Accommodation Two reception rooms, two bedrooms, kitchen and bathroom. Location The east Midlands city of Nottingham lies about 32 miles south of Shef eld and 45 miles north east of Birmingham. Nottingham has a population of about 311,000 (2013 ONS estimate) and is important as an educational centre, with about 61,000 students attending its two universities. The city lies to the east of the M1 motorway, from which it can be accessed at junctions 25 and 26. Hazelwood Road lies in an established residential area to the north west of the city centre. Tenure Freehold. Tenancy Let on an Assured Shorthold Tenancy at £5,400 per annum. Local Authority Nottingham City Council tel: 0115 8764447. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
8 *See page 2 for information on Guide and Reserve Prices. *Guide Price £175,000+ Lot 7 HERITABLE COMMERCIAL INVESTMENT
55–57 Main Street, Coatbridge, Lanarkshire ML5 3AE Description A mid terraced part three storey building of modern construction providing about 1,480 m2 (16,000 sq ft) retail accommodation. There may be potential for sub division and development/conversion, subject to gaining all necessary consents. Planning Development potential to convert part of the building into apartments subject to planning. Location The Lanarkshire town of Coatbridge lies about 9 miles east of Glasgow and can be accessed from the A8 (M8) via the A725. The property occupies a prime location opposite the Coatbridge Shopping Centre in the middle of Main Street with nearby operators including Asda, Superdrug, Peacocks, Clydesdale Bank and Boots. Coatbridge (population 47,000 source North Lanarkshire Council) is located 10 miles east of Glasgow city centre with good road and rail links to both Glasgow and Edinburgh. Planning and development Tenure The vendor is applying for planning permission for three shops with Heritable. seven large ats above with parking. Further information available Local Authority upon request. North Lanarkshire Council tel: 01398 403200. Viewings Tanveer Singh Mokha tel: 020 8998 8464.
Demise Dimensions (metric) (Imperial) Tenant Tenancy Rent £pa Reviews Comments Entire Ground oor 699.09 m2 7,525 sq ft Lochfern Ltd Licence from 12,000 (licence fee) No further Licence expired 1st oor 761.98 m2 8,202 sq ft 18/11/2011 review 07/11/2012; 2nd oor 18.21 m2 196 sq ft holding over. N.B. The above oor areas have been supplied by the vendor and should be veri ed. The auctioneers have not inspected the property.
*See page 2 for information on Guide and Reserve Prices. 9 *Guide Price £260,000 Lot 8 LEASEHOLD VACANT ONE BEDROOM FLAT Flat 5, 26 Rosendale Road, Dulwich, London SE21 8DR Description A vacant one double bedroom at on the rst oor of a converted mid-terraced house of traditional construction. Accommodation Reception, bedroom, kitchen, bathroom/WC. Location The af uent south London suburb of Dulwich lies about ve miles south of the capital’s West End and a similar distance north of Croydon. Dulwich is famous for its Picture Gallery and College, as well as being home to members of parliament and media personalities. The area bestrides the South Circular Road (A205) and is served by a number of stations including East Dulwich and West Dulwich. Rosendale Road intersects with the South Circular Road. The property lies on the east side of the road, south of its junction with Park Hall Road, in an established residential area. Tenure Lease 159 years. Further information will be available in the legal pack. Local Authority London Borough of Lambeth tel: 020 7926 1180. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
GUIDE PRICE: An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fi xed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price fi gure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate defi nition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction. RESERVE PRICE: The seller’s minimum acceptable price at auction and the fi gure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confi dential between the seller and the auctioneer. Both the guide price and the reserve can and may be subject to change up to and including the day of the auction.
10 *See page 2 for information on Guide and Reserve Prices. *Guide Price £230,000 Lot 9 LONG LEASEHOLD RESIDENTIAL INVESTMENT 5a Lewisham Way, New Cross, London SE14 6PP Description A three bedroom maisonette on the rst and second oors of a mid- terraced building of traditional construction. Accommodation Three bedrooms, reception, kitchen, bathroom/WC Location The south east London suburb of New Cross lies about 4.5 miles from the capital’s West End and within the London Borough of Lewisham. Lewisham Way forms part of the A20 arterial route. The property lies on the north east side of the street in an established retail parade. Tenure Long leasehold with about 102 years remaining at a peppercorn ground rent. Tenancy Let on an Assured Shorthold Tenancy at £1,500 per calendar month (£18,000 per annum). Local Authority London Borough of Lewisham tel: 020 8314 6000. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
* FREEHOLD COMMERCIAL/RESIDENTIAL Guide Price £140,000 Lot 10 INVESTMENT 335 Holderness Road, Hull HU8 8SH Description A corner terraced building of traditional construction providing a ground oor shop with a self-contained 2 bed maisonette. Accommodation (see schedule) Location The Humberside city of Kingston upon Hull lies about 50 miles east of Leeds and can be accessed from the M62 Trans-Pennine motorway from the A63, its eastern continuation. Hull has a population of about 386,000 (2011 census). Holderness Road forms part of the A165 and is an arterial route running north east out of the town centre. The property lies on the north west side of the road, at its junction with Durham Street, within an established retail area. Tenure Freehold Local Authority Hull City Council tel: 01482 300300. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
Demise Dimensions (metric) (Imperial) Tenant Tenancy Rent £pa Comments Shop Sales 44.00 474 Asif Bilal t/a Next Move Estate New lease upon 12,000 See legal pack. Ancillary 9.50 102 Agents completion Flat 2 bedrooms, reception/kitchen, bathroom/WC Individual Assured Shorthold 4,800 Total 16,800
*See page 2 for information on Guide and Reserve Prices. 11 *Guide Price £2,150,000 Lot 11 DEVELOPMENT OPPORTUNITY
330 Lea Bridge Road, Unit Floor Description NIA sq.ft NIA sq.m. 1 Ground Commericial Unit 500 46.5 Leyton E10 7LA 2 Ground Commericial Unit 501 46.6 Description 3 Ground Commericial Unit 548 50.9 4 Ground Commericial Unit 513 47.7 A 0.21 acre site with planning permission for 19 apartments and 5 5 Ground Commericial Unit 512 47.6 commercial units to be sold with vacant possession upon completion. Commercial Total 2574 239.3 Planning permission 1 Ground 1 Bed Apartment-S106 Affordable 667 62 Planning permission (Ref: 2014/0173) was granted on 01/04/14 for 19 2 Ground 3 Bed Apartment-S106 Affordable 1108 103 apartments (9 × 1 bed, 5 × 2 bed and 5 × 3 bed) and 5 shop units at 3 First 2 Bed Apartment 667 62 ground oor level. See accommodation schedule for further details. 4 First 1 Bed Apartment 560 52 Location 5 First 1 Bed Apartment 538 50 6 First 1 Bed Apartment 538 50 The north east London suburb of Leyton lies about 6.22 miles north 7 First 3 Bed Apartment 861 80 east of the capital’s West End. Leyton can be accessed from the 8 First 1 Bed Apartment 538 50 A12 arterial route via Eastway, whilst the area is served by Leyton 9 First 2 Bed Apartment 753 70 Underground (Central Line) and Leyton Midland Road (Overground) 10 Second 3 Bed Apartment 1065 99 stations. Lea Bridge Road (A104) is one of the suburb’s main 11 Second 1 Bed Apartment 538 50 thoroughfares. The property lies on the south side of the road 12 Second 3 Bed Apartment 861 80 opposite its junction with Blyth Road and within a mixed commercial 13 Second 1 Bed Apartment 538 50 and residential area. 14 Second 2 Bed Apartment 753 70 Local Authority 15 Third 1 Bed Apartment 560 52 London Borough of Waltham Forest tel: 020 8496 3000. 16 Third 3 Bed Apartment 861 80 Viewings 17 Third 2 Bed Apartment 807 75 18 Fourth 2 Bed Apartment 796 74 No appointment necessary. 19 Fourth 1 Bed Apartment 538 50 Residential Total 13,547 1259 Grand Total 16,121 1498.3
12 *See page 2 for information on Guide and Reserve Prices. *Guide Price To be advised Lot 12 DEVELOPMENT LAND Land At Rogate Road, Nyewood, Hampshire Description A roughly rectangular area of farmland comprising about 911.37 m2 (0.22 acres). Location The picturesque hamlet of Nyewood lies in the Chichester district of West Sussex, about 3.65 miles from Peters eld. Rogate Road is the town’s main thoroughfare, running south through the village from Rogate to the north. The property lies on the west side of Rogate Road, just north of a disused railway cutting, at the northern edge of the village. Tenure Freehold with vacant possession. Local Authority Chichester Borough Council tel: 01243 534734. Viewings No appointment necessary.
*Guide Price £170,000 Lot 13 LEASEHOLD RESIDENTIAL INVESTMENT Oakley Lodge, 326 Brownhill Road, Catford SE6 1AX Description Two ground oor self-contained studio ats within a two storey terraced building on one title. Accommodation Flat A: Reception, bedroom, kitchen and bathroom. Flat B: Reception, bedroom, kitchen and bathroom. Allocated parking space. Location Catford lies in the south west of Lewisham about 8 miles east of the capital’s West End. The property lies on the east of Brownhill Road at the junction with Minard Road. Hither Green rail station lies just under a mile away and the property is close to local amenities and parks. Tenure Leasehold with share of freehold. Held on a lease for a term of 99 years from 24/06/1989 at a ground rent of £125 per annum. Tenancy Let on an Assured Shorthold Tenancy at £17,700 per annum. Local Authority London Borough of Lewisham tel: 020 8314 6000. Viewings Rehan Khawaja tel: 0208 9988 464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*See page 2 for information on Guide and Reserve Prices. 13 *Guide Price £85,000 Lot 14 FREEHOLD VACANT SHOP AND FLAT 182 Manchester Road, Oldham, Lancashire OL9 7BN
Description A vacant two-storey (plus basement) mid-terraced building of traditional construction providing a ground oor shop with a self-contained three-room at above. Accommodation (see separate table) Location The Lancashire town of Oldham lies about seven miles north east of Manchester and has a population of about 103,544 (2011 census). Oldham can be accessed from the M60 Manchester orbital motorway at junction 22 via the A62, of which Manchester Road forms part. The property lies on the west side of the Manchester Road just south of its junction with Norfolk Street and forms part of an established retail parade. Tenure Freehold with vacant possession. Local Authority Oldham Metropolitan Borough Council tel: 0161 770 4105. Viewings Rehan Khawaja tel: 020 8998 8464. Demise Dimensions m2 sq ft N.B. All areas, dimensions and accommodation details have been Shop Ground oor 19.70 212 supplied via the vendor and should be veri ed: the auctioneers have Basement (not measured) not conducted an internal inspection. Flat Three rooms, kitchen, bathroom/WC
*Guide Price £75,000 Lot 15 FREEHOLD HOLIDAY FLAT Unit 5, Via Terre Gialle 1, 58033 Castel Del Piano, Tuscany, Italy Description A furnished ground oor studio at. Accommodation Double bedroom, bathroom/WC, store room, kitchen, garden, parking and shared swimming pool. Location The at is located within Terre Gialle Residence and is on the slopes of Mount Amiata, overlooking the wild Maremma, the most unspoiled Tuscan countryside. This is the region of the sunny hills, amazing medieval villages, incredible beaches and natural parks. Tenancy Freehold with vacant possession. Viewings Rehan Khawaja tel: 0208 9988 464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
14 *See page 2 for information on Guide and Reserve Prices. *Guide Price £1,450,000 Lot 16 POTENTIAL 404–424 High Road, Leyton, London E10 6QE Description A running MOT service centre comprising about 529.54m2 (5,700 sq ft). The workshop is a single storey building of modern construction providing six vehicle service bays with forecourt parking in front. Location The north east London suburb of Leyton lies about 6.22 miles north east of the capital’s West End. Leyton can be accessed from the A12 arterial route via Eastway, whilst the area is served by Leyton Underground (Central Line) and Leyton Midland Road (Overground) stations. Leyton’s High Road forms part of the A112; the property lies on the east side of the High Road within the town centre and forms part of an established retail parade. Tenure Freehold with vacant possession. Local Authority London Borough of Waltham Forest tel: 020 8496 3000. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*Guide Price £245,000 Lot 17 LEASEHOLD VACANT TWO BED FLAT 26 Studley Road, London E7 9LX Description A vacant two bedroom rst oor at within a two storey mid terraced building of traditional construction. Accommodation Two bedrooms, open plan kitchen/reception, bathroom/WC, private balcony. Location The east London suburb of Forest Gate lies about seven miles from the capital’s West End. Studley Road lies between Upton Lane (A114) and Green Street (B167), to the south of the town centre. The property lies on the south side of the road in a mainly residential area. Tenure Please refer to the legal pack for lease details. To be sold with vacant possession. Local Authority London Borough of Newham tel: 020 3373 3107. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*See page 2 for information on Guide and Reserve Prices. 15
FREE YOUSELF FROM THE STRESS OF AUCTION SALES & PURCHASES!
FREE CONSULTATION
FREE AUCTION PACKS*
WE OFFER FAST, CLEAR AND TRANSPARENT ADVICE ON:
Auction sales and purchases
Residential and commercial sales, purchases & leases
Landlord & Tenant disputes
Right to buy from the local authority
Re-mortgages (including Islamic/Halal mortgages)
Transfer of Equity
Lease extensions
TO ARRANGE A NO FEE CONSULTATION CONTACT US ON 020 8740 7007 OR BY EMAIL AT [email protected]
Location: 130A Uxbridge Road, Shepherds Bush, London W12 8AA *for freehold and leasehold properties with vacant possession
EXPERTS HERE TO GUIDE YOU EVERY STEP OF THE WAY
16 *Guide Price £170,000 Lot 18 LEASEHOLD VACANT HOUSE 134 Steade Road, Shef eld S7 1DU Description A vacant two storey detached three bedroom house of modern construction in a sought after residential location with garden to the rear. Accommodation Reception, dining room, large kitchen, three bedrooms, bathroom/ WC. Location The South Yorkshire city of Shef eld lies about 30 miles south of Leeds and alongside the M1 motorway, from which it can be accessed at junctions 33 and 34. Steade Road lies about 1.3 miles south of the city centre and runs west off Abbeydale Road (A261). The property lies on the west side of the road in an established residential area. Tenure Long leasehold with about 800 years remaining at a ground rent of £4 per annum. Further information will be available within the legal pack. To be sold with vacant possession. Local Authority Shef eld City Council tel: 0114 203 9183. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
* LEASEHOLD RESIDENTIAL DEVELOPMENT Guide Price £85,000+ Lot 19 WITH PLANNING 7 Market Street Leigh, Lancaster WN7 1ED
Description The second oor only of a three storey corner-terraced building of traditional construction The lower oors of the building are occupied by the Royal Bank of Scotland. Accommodation Second oor of ces: approx. 186m2 (2,000sq ft) Location The Lancashire town of Leigh has a population of about 46,000 (local authority estimate) and lies about ten miles west of Manchester. Wigan lies to the east of the M6 motorway, from which it can be accessed at junction 26. Market Street lies in the town centre. The property occupies a prominent corner position at the junction of Market Street and Bradshawgate, in an established commercial area. Tenure Long leasehold for a term of 125 years from 5th October 2009 at a current ground rent of £100 per annum. Local Authority Wigan Borough Council tel: 01942 244991. Planning & development The property has the bene t of a planning consent for conversion into 1 two-bedroom and 3 one-bedroom ats. Application No: A/10/74936. Viewings Rehan Khawaja Tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*See page 2 for information on Guide and Reserve Prices. 17 *Guide Price £75,000 Lot 20 FREEHOLD VACANT FORMER SCHOOL
Former Miskin Community Education Centre, Clarence Street, Mountain Ash CF45 3BD Description A former school occupying a split-level site of about 0.24 hectares (0.60 acres). The school building, which has a gross external “footprint” of about 4,000 sq ft, is two-storey and constructed of local stone under a multi-pitched roof, with each oor comprising a main central hall with rooms off. The site is split into three levels: the front being occupied largely by the school building and the two rear levels being playgrounds. Local Authority Location Rhondda Cynon Taf County Borough Council tel: 01443 494742. Miskin is a sub-district of Mountain Ash, lying to the south of the Planning and development latter’s town centre. Mountain Ash has a population of about 11,200 The property has an existing D1 use, which permits a variety of uses (2011 census) and can be accessed from the M4 motorway via including non-residential education and training, halls of worship, the A470 and A4059 New Road. Mountain Ash station lies on the healthcare day centres, museums and public halls. Uses outside Aberdare branch of the Merthyr line and provides a regular service to D1 user class will require formal planning consent. Verbal enquiries Cardiff. The property lies on the south west side of Clarence Street at with the local authority indicate that a change of use would be its southern end, within a mainly residential area. considered on its merits, albeit that there is a preference for retaining Tenure the existing structure. The property is not listed, nor does it lie within Freehold with vacant possession. a conservation area. Directly opposite the building is a substantial site Demise Area Metric Imperial that recently (August 2012 & December 2013) was granted planning permissions for residential development. Ground oor Main hall 413m2 Snooker Room Viewings Eight rooms Rehan Khawaja tel: 020 8998 8464. Not measured WC’s 1st oor Main hall 88.16m2 N.B. All areas, dimensions and accommodation details have been Four rooms supplied via the vendor and should be veri ed: the auctioneers have Of ces Not measured not conducted an internal inspection. WC’s Total site area 25,000 sq ft
18 *See page 2 for information on Guide and Reserve Prices. *Guide Price £50,000 Lot 21 LEASEHOLD VACANT FORMER BANKING HALL 131 Cleethorpe Road, Grimsby DN31 3EY
Description A two storey (with basement) former banking unit forming part of a terraced building of modern construction. There is parking for four cars to the rear. Accommodation Demise Dimensions m2 sq ft Ground oor Banking hall & ancillary 234.57 2,525 Basement Ancillary 45.98 495 1st Floor Of ces/ancillary 99.4 1,070
Location The Lincolnshire port of Grimsby lies on the south side of the Humber estuary and forms a conurbation with Cleethorpes. Grimsby has a population of about 88,240 (2011 census) and can be reached via the A180, which is the easterly continuation of the M180 motorway. Cleethorpe Road forms part of the A180 and is one of the town’s main thoroughfares. The property lies on the north side of the road and forms part of an established retail parade. Nearby occupiers include Lloyds Bank and Stevensons Furnishing Centre. Tenure Long leasehold for a term of 99 years from 1st May 1965 at a ground N.B. All areas, dimensions and accommodation details have been rent of £802 per annum. supplied via the vendor and should be veri ed: the auctioneers have Local Authority not conducted an internal inspection. North East Lincolnshire Council tel: 01472 324213. Viewings Rehan Khawaja tel: 020 8998 8464.
*Guide Price £20,000 Lot 22 FREEHOLD VACANT GARAGE AND BACKLAND Garage & Land at 229 Phipps Bridge Road SW19 2SS
Description A garage and backland comprising in all about 151.92m2 (1,635.21 sq ft/0.04 acres). Location The south west London suburb of Mitcham lies about 7.4 miles from the capital’s West End and between the A23 and A24 arterial routes. Phipps Bridge Road lies within an established residential estate to the west of Church Road, which runs south off Merantun Way (A24). The property lies on the east side of the road; rear access may be available from a service road to the rear running off Home eld Gardens. Tenure Freehold with vacant possession. Local Authority London Borough of Merton tel: 020 8545 3777. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed.
*See page 2 for information on Guide and Reserve Prices. 19 Guide Price: £15,000 LOT 23 FREEHOLD VACANT LAND (ABOUT 6.7 ACRES) Land In New Brunswick, Canada Description A roughly level residential waterfront development site of about 16.56 hectares (6.7 acres). The site has a frontage of about 225 ft onto South Shore Road (Route 960). We are informed that all services including phone, electricity, high speed internet and cable TV are provided on site, which also bene ts from ocean access. Location The Timber River district lies about 101 miles north of Halifax, 35 miles east of Moncton and some 1.83 miles north east of Port Elgin, in the County of Westmorland and the Province of New Brunswick. South Shore Road forms part of Route 960. The property fronts the west side of South Shore Road with another boundary to the north side of John A Trenholm Road. The property lies in a mainly rural area and has ocean access to the Northumberland Strait, which runs between the mainland and Prince Edward Island. Shopping and other amenities may be found at Port Elgin, whilst Greater Moncton Airport provides a national and international air service. Planning and development Further information may be available from the auctioneers. Viewings No appointment necessary.
*Guide Price: £59,000 Lot 24 LEASEHOLD HOLIDAY APARTMENT Adra 9 Lakeside Apartment, Bodrum, Turkey BOD 165 Description A two bedroom two bathroom holiday at on the rst oor of a purpose-built gated resort complex. Amenities at or near the resort include swimming pools, private lakeside beach and club, 24 hour security, poolside bars and restaurants, a nine-hole golf course and regular shuttle bus services to Bodrum city centre. Accommodation Reception with open plan kitchen, two bedrooms, two bathrooms, private balcony. Location The Aegean port of Bodrum lies on the south west coast of Turkey, about 287 miles south west of Istanbul and 155 miles south of Izmir. The city has become famous as a summer tourist destination, whilst its Mausoleum of Mausolus is listed as one of the Seven Wonders of the Ancient World. Bodrum has a population of about 135,000. Bogazici is a traditional working shing village that is gradually undergoing modernisation. The property is part of a purpose built holiday complex on the south side of Lakeside Gardens, inland and to the south of the village. Tenure Leasehold with vacant possession – further details are available from the auctioneers. Viewings Amjad Raja tel: 020 8998 8464.
20 *See page 2 for information on Guide and Reserve Prices. Capital Allowance Advisory Service Property & construction, the industry to lead UK economic growth
“Let’s get Britain investing... we mean it” - Chancellor “Let’s get Britain investing... we mean it” - Chancellor
www.signaturetax.co.uk www.signaturetax.co.uk 23 Hanover Square | Mayfair | London | W1S 1JB 23 Hanover Square | Mayfair | London | W1S 1JB 21 Tel: 0203 700 8905 Tel: 0203 700 8905
Capital Allowance Advisory Service Property & construction, the industry to lead UK economic growth
“Let’s get Britain investing... we mean it” - Chancellor
www.signaturetax.co.uk
23 Hanover Square | Mayfair | London | W1S 1JB
Tel: 0203 700 8905 *Guide Price £135,000 Lot 25 LEASEHOLD RESIDENTIAL INVESTMENT 49 Finsbury House, Partridge Way, Wood Green, London N22 8DU Description A one bed at on the ninth oor of a modern tower block. Accommodation Reception, bedroom, kitchen, bathroom/WC, private balcony. Location The north London suburb of Wood Green lies about 6.33 miles from the capital’s West End. Wood Green Underground station provides Piccadilly Line services. Partridge Way runs off Bounds Green Road (A109). Finsbury House is a tower-block lying within a modern residential estate. Tenure Long leasehold for a term of 125 years from 12th June 1998 at a ground rent of £10 per annum. Tenancy Let on an Assured Shorthold Tenancy at £850 per calendar month (£10,200 per annum). Local Authority London Borough of Haringey tel: 020 8489 1478. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*Guide Price £90,0003 Lot 26 FREEHOLD RESIDENTIAL INVESTMENT 28 Houseman Gardens, Nottingham NG2 2HX Description A four bedroom mid terraced three storey house Accommodation Four bedrooms, reception, kitchen, bathroom/WC and separate WC. Garden. Location The east Midlands city of Nottingham lies about 32 miles south of Shef eld and 45 miles north east of Birmingham. Nottingham has a population of about 311,000 (2013 ONS estimate) and is important as an educational centre, with about 61,000 students attending its two universities. The city lies to the east of the M1 motorway, from which it can be accessed at junctions 25 and 26. Houseman Gardens lies to the south west of the city centre and runs north off Robin Hood Way. The property lies on the east side of Houseman Gardens within an established modern housing estate. Tenure Freehold Tenancy Let on an Assured Shorthold Tenancy at £650 per calendar month. However, the vendor has been receiving £560 per calendar month (£6,720 per annum). Local Authority Nottingham City Council tel: 0115 876 4447. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
22 *See page 2 for information on Guide and Reserve Prices. *Guide Price £20,000 Lot 27 FREEHOLD VACANT LAND (APPROX. 32 ACRES)
Land At Mynydd Brithweun, Trealaw, Tonypandy CF43 3PW Description An area of vacant land comprising about 12.9 hectares (32 acres) that can be accessed from Buckley Close. Location The south Wales town of Tonypandy lies about 16 miles north of Cardiff and can be accessed from the M4 motorway (junction 32) via the A470 and A4058. Tonypandy has a population of about 62,500 (2011 census). Buckley Close is at the southern end of Buckley Road, on the eastern edge of the town’s urban envelope. The land lies to the east of Buckley Road/Close. Tenure Freehold with vacant possession. Local Authority Rhondda Cynon Taf County Borough Council tel: 01443 494742. Viewings No appointment necessary.
*See page 2 for information on Guide and Reserve Prices. 23 *Guide Price £90,000 Lot 28 FREEHOLD VACANT FORMER INDOOR SPORTS HALL Former Leisure Centre, Waltwood Road, Underwood NP18 2EY Description A stand-alone single storey high-eaves sports hall with an adjoining two-storey block, both of modern construction, together with car parking and occupying a site of about 0.63 hectares (1.56 acres). Location Underwood is an outer suburb of the south Wales city of Newport, which lies about 11 miles north east of Cardiff, 20 miles west of Bristol and has a population of about 145,700 (2011 Census). Underwood lies alongside the M4 motorway (junction 24). Waltwood Road forms the western boundary of the town’s built-up area. The property is accessible via a driveway running north off Waltwood Road. Underwood Leisure Centre, Waltwood Road, Llanmartin Tenure Freehold with vacant possession. Local Authority Newport City Council tel: 01633 656656.
Planning and development Demise Dimesions m2 sq ft Further information may be available from the auctioneers or direct Sports Hall 633.59 6,820 from the local planning authority (see above). Ground oor Various including gym, squash courts, changing Not measured Viewings rooms Rehan Khawaja tel: 020 8998 8464 Ground oor Various including function rooms, kitchen, bar Not measured and viewing gallery. N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*Guide Price £10,000 Lot 29 FREEHOLD VACANT GARAGE AND BACKLAND Garage and land at 424 Lynmouth Avenue, Morden SM4 4RU Description A garage and an area of land that formerly formed part of the rear garden of No. 422 Lynmouth Avenue. The total area comprises about 60m2 (650sq ft). Location The south west London suburb of Morden lies about 8.27 miles from the capital’s West End. Morden Underground station is the southern terminus of the Northern Line. Lynmouth Avenue lies to the northwest of Stonecot Hill (A24) and runs south west off Tudor Drive (B279). The property lies within an established residential estate. Tenure Freehold with vacant possession. Local Authority London Borough of Merton tel: 020 8545 3777. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed.
24 *See page 2 for information on Guide and Reserve Prices. *Guide Price £80,000 Lot 30 FREEHOLD VACANT PRIME SHOP 15 King Street, Whitehaven CA28 7LA
Description A three storey (with basement) mid-terraced building of traditional construction providing a ground oor shop with ancillary basement and upper oor accommodation. Location The Cumbrian town of Whitehaven lies about 36 miles south west of Carlisle and 7 miles south of Workington. Whitehaven has a population of about 24,000 (2011 census) and can be accessed from Carlisle via the A595. King Street is part-pedestrianised and forms Whitehaven’s main town centre shopping street. The property occupies a strong retail trading position, with nearby occupiers including Boots, Dorothy Perkins, Greggs, Costa Coffee and The Money Shop. Tenure Freehold with vacant possession. Local Authority Copeland Borough Council tel: 0845 054 8600. Planning and development Verbal enquiries of the local planning authority indicate that there may be potential for conversion of the upper oors for residential. Viewings Ahsan Sultan tel: 020 8998 8464. Demise Area m2 sq ft Ground oor Sales 39.2 422 N.B. All areas, dimensions and accommodation details have been Kitchen & storage 6.2 67 supplied via the vendor and should be veri ed: the auctioneers have 1st oor Ancillary 20.1 216 not conducted an internal inspection. 2nd oor Ancillary 32.9 354 3rd oor Ancillary 16.8 181
*Guide Price Nil Reserve Lot 31 LEASEHOLD RESDIENTIAL INVESTMENT 37 Clifton Road, Greenford UB6 8SP Description A ground oor two bedroom at within a semi detached former house. Accommodation Reception room, two bedrooms, kitchen and bathroom. Location The West London commuter suburb of Greenford lies about 10 miles west of the capital’s West End and lies south of Western Avenue (A40), from which it can be accessed via Greenford Road (A4127). Clifton Road lies east of Greenford Road and is ingressed from Ruislip Road East (B455) and egressing onto the A4127. The property lies on the east side of Clifton Road in an established residential area. Tenure Leasehold. Please refer to the legal pack for details of the lease. Tenancy Let on an AST at £800 per calendar month (£9,600 per annum). Local Authority London Borough of Ealing tel: 020 8825 6600. Viewings Rehan Khawaja tel: 020 8998 8464.
*See page 2 for information on Guide and Reserve Prices. 25 *Guide Price £18,000 Lot 32 LEASEHOLD VACANT ONE BED FLAT 111 Stewart Road, Falkirk FK2 7AQ Description A one bedroom rst oor at to be sold with vacant possession. Accommodation Reception room, one bedroom, bathroom/WC, kitchen and store room. Location Falkirk lies in the Forth Valley abut 23.26 miles west of Edinburgh and 20.42 miles east of Glasgow. The town has a population of about 156,000 (ONS estimate) and can be accessed from the M9 motorway at junction 6. Stewart Road lies east of the town centre and runs north off Kerse Lane (A904). The property lies on the east side of the road in an established residential area. Tenure Leasehold. Please refer to legal pack for details of the lease. Local Authority Falkirk Council tel: 01324 506070. Viewings Ahsan Sultan tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
*Guide Price £85,000 Lot 33 FREEHOLD RETAIL INVESTMENT 36 Hovis Street, Openshaw, Manchester M11 2JD
Description A two storey corner-terraced building of traditional construction providing a ground oor shop with residential accommodation above. Location The densely populated Manchester suburb of Openshaw lies about 3 miles east of the city centre and can be accessed via the Ashton Old Road (A635). The property lies at the junction of Hovis Street with Victoria Street, which runs north off the A635, within a residential area. Tenure Freehold. Local Authority Manchester City Council tel: 0161 234 4490. Viewings Rehan Khawaja tel: 020 8998 8464.
N.B. All areas, dimensions and accommodation details have been supplied via the vendor and should be veri ed: the auctioneers have not conducted an internal inspection.
Demise Dimensions (metric) (Imperial) Tenant Tenancy Rent £pa Reviews Comments Entire Ground oor sales 20.70 m2 223 sq ft Individual 10 years from 23/06/2014 12,600 Next FRI Lease 23/06/2017 and 3 yearly 1st oor Reception, 2 bedrooms, residential kitchen, bathroom/WC N.B. The auctioneers have not yet inspected the property. 26 *See page 2 for information on Guide and Reserve Prices. *Guide Price £100,000 Lot 34 FREEHOLD RESIDENTIAL DEVELOPMENT SITE 48 & 49 Caves Road, St Leonards-on-Sea TN38 0BY Description A pair of vacant adjoining two-storey terraced buildings upon an irregularly-shaped site of about 0.04 hectares (0.11 acres). Location St Leonards-on-Sea, once a town in its own right, is now a subdistrict of the seaside resort town of Hastings, which has a population of about 133,400 (2011 census). St Leonards lies on the seafront to the west of Hastings’ town centre. Caves Road runs parallel to the coast, just behind the A259 Marina/Grosvenor Crescent. The property lies on the north side of the road in a mixed commercial/residential area. Tenure Freehold with vacant possession. Local Authority Hastings Borough Council tel: 01424 783259. Planning and development Planning permission was granted on 4th December 2014 (application HS/FA/14/00527) for the proposed demolition of “minimal structures” and the erection of 6 one bed and 1 two-bed ats, together with an access drive and parking for seven cars. Viewings Rehan Khawaja tel: 020 8998 8464.
*Guide Price £245,000 Lot 35 FREEHOLD RESTAURANT AND VACANT FLAT 7 Boundary Road, Hove BN3 4EH Description A three storey mid terraced building of traditional construction providing a ground oor restaurant with a self-contained three bedroom at above. The at is currently vacant. Location The West Sussex seaside town of Hove lies about 1.44 miles west of Brighton: the two towns together form a conurbation that has a population of about 229,700 (2011 census). Boundary Road (B2194) runs north off Wellington Road (A259), to the west of the town centre. The property lies on the east side of Boundary Road and forms part of an established retail parade. Tenure Freehold with part vacant possession. Local Authority Brighton & Hove City Council tel: 01273 292222. Viewings Rehan Khawaja tel: 020 8998 8464.
Demise Dimensions m2 sq ft Tenant Tenancy Rent £pa Reviews Comments Ground Shop 83.05 894 Mr Abdul t/a Golden Annual licence 10,000 N/A Vacant possession oor Tandoori available upon 3 months’ notice. 1st & 2nd 3 bedrooms, reception, (not measured) VACANT oors kitchen, bathroom/WC
*See page 2 for information on Guide and Reserve Prices. 27 *Guide Price Nil reserve Lot 36 FREEHOLD VACANT BACK LAND Land To The South Of Hinderton Road, Birkenhead CH41 9AA
Description An area of vacant land comprising about 294 m2 (0.07 acres). The property lies in a residential area and comprises backland, some of which may have been encroached by the gardens of neighbouring occupiers. Location Birkenhead is arguably the main town on the Wirral peninsula, which lies to the west of the river Mersey. The city of Liverpool. The town has a population of about 143,000 (2011 census). Hinderton Road lies to the south of the town centre and to the west of the A41, from which it may be accessed via Green Lane. The property lies behind houses on the south side of the road, in a mainly residential area. Tenure Freehold with vacant possession. Local Authority Wirral Metropolitan Borough Council tel: 0151 691 8399. Planning & development We are not aware of any planning history. Interested parties should make their own enquiries through the local authority regarding the likelihood (or otherwise) of obtaining permission for any use other than amenity land. Viewings No appointment necessary.
NEXT AUCTION 30 APRIL 2015 Radisson Blu Portman Hotel, Portman Square, London W1H 7BG We have already begun accepting entries for our next auction. If you are thinking of selling a commercial or residential property (tenanted or vacant) anywhere in the UK, do contact the MS Auctions team for a free appraisal and initial advice. MS Auctions tel: 020 8998 8464 [email protected]
28 *See page 2 for information on Guide and Reserve Prices. Landlords... Looking to rent a single property or a whole portfolio? would love to hear from you. We offer:
Incentives, grants, upfront financing
Hassle-free management Guaranteed, competitive rents with no hidden costs
Flexible lease terms Specialsing in hard to let and empty properties all over London with more than 20 years experience
Contact us on:
020 8357 4840
nottinghillhousing.org.uk/landlords
29 COMMON AUCTION CONDITIONS
Glossary Lot This glossary applies to the auction conduct conditions and the sale Each separate property described in the catalogue or (as the case may conditions. be) the property that the seller has agreed to sell and the buyer to buy Wherever it makes sense: (including chattels, if any). • singular words can be read as plurals, and plurals as singular words; • a ‘person’ includes a corporate body; Old arrears • words of one gender include the other genders; Arrears due under any of the tenancies that are not ‘new tenancies’ as • references to legislation are to that legislation as it may have been modifi ed defi ned by the Landlord and Tenant (Covenants) Act 1995. or re-enacted by the date of the auction or the contract date (as applicable); and where the following words printed in bold red type appear in bold black Particulars type they have the speci ed meanings. The section of the catalogue that contains descriptions of each lot (as varied by any addendum). Actual completion date The date when completion takes place or is treated as taking place for the Practitioner purposes of apportionment and calculating interest. An insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in relation to jurisdictions outside the United Kingdom, any similar offi cial). Addendum An amendment or addition to the conditions or to the particulars or to both Price whether contained in a supplement to the catalogue, a written notice from the The price that the buyer agrees to pay for the lot. auctioneers or an oral announcement at the auction. Ready to complete Agreed completion date Ready, willing and able to complete: if completion would enable the seller Subject to condition G9.3: to discharge all nancial charges secured on the lot that have to be (a) the date specifi ed in thespecial conditions; or discharged by completion, then those outstanding fi nancial charges do not (b) if no date is specifi ed, 20business days after the contract date; prevent the seller from being ready to complete. but if that date is not a business day the fi rst subsequentbusiness day. Sale conditions Approved nancial institution The general conditions as varied by any special conditions or addendum. Any bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise acceptable to the auctioneers. Sale memorandum The form so headed (whether or not set out in the catalogue) in which the Arrears terms of the contract for the sale of the lot are recorded. Arrears of rent and other sums due under the tenancies and still outstanding on the actual completion date. Seller The person selling the lot. If two or more are jointly the seller their Arrears schedule obligations can be enforced against them jointly or against each of them The arrears schedule (if any) forming part of the special conditions. separately. Auction Special conditions The auction advertised in the catalogue. Those of the sale conditions so headed that relate to the lot. Auction conduct conditions Tenancies The conditions so headed, including any extra auction conduct conditions. Tenancies, leases, licences to occupy and agreements for lease and any documents varying or supplemental to them. Auctioneers The auctioneers at the auction. Tenancy schedule The tenancy schedule (if any) forming part of the special conditions. Business day Any day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Transfer Wales; or (c) Good Friday or Christmas Day. Transfer includes a conveyance or assignment (and ‘to transfer’ includes ‘to convey’ or ‘to assign’). Buyer The person who agrees to buy the lot or, if applicable, that person’s personal TUPE representatives: if two or more are jointly the buyer their obligations can be The Transfer of Undertakings (Protection of Employment) Regulations 2006. enforced against them jointly or against each of them separately. VAT Catalogue Value Added Tax or other tax of a similar nature. The catalogue to which the conditions refer including any supplement to it. VAT option Completion An option to tax. Unless otherwise agreed between seller and buyer (or their conveyancers) the occasion when both seller and buyer have complied with their obligations We (and us and our) under the contract and the balance of the price is unconditionally received in The auctioneers. the seller’s conveyancer’s client account. You (and your) Condition Someone who has a copy of the catalogue or who attends or bids at the One of the auction conduct conditions or sales conditions. auction, whether or not a buyer. Contract Auction Conduct Conditions The contract by which the seller agrees to sell and the buyer agrees to buy the lot. A1 Introduction A1.1 Words in bold black type have special meanings, which are defi ned Contract date in the Glossary. The date of the auction or, if the lot is not sold at the auction: A1.2 The catalogue is issued only on the basis that you accept these (a) the date of the sale memorandum signed by both the seller and buyer; or auction conduct conditions. They govern our relationship with (b) if contracts are exchanged, the date of exchange. If exchange is not effected you and cannot be disapplied or varied by the sale conditions in person or by an irrevocable agreement to exchange made by telephone, (even by a condition purporting to replace the whole of the fax or electronic mail the date of exchange is the date on which both parts Common Auction Conditions). They can be varied only if we agree. have been signed and posted or otherwise placed beyond normal retrieval. A2 Our role Documents A2.1 As agents for each seller we have authority to: Documents of title (including, if title is registered, the entries on the register (a) prepare the catalogue from information supplied by or on behalf and the title plan) and other documents listed or referred to in the special of each seller; conditions relating to the lot. (b) offer each lot for sale; (c) sell each lot; Financial charge (d) receive and hold deposits; A charge to secure a loan or other fi nancial indebtedness (not including a rent (e) sign each sale memorandum; and charge). (f) treat a contract as repudiated if the buyer fails to sign a sale memorandum or pay a deposit as required by these auction General conditions conduct conditions. That part of the sale conditions so headed, including any extra general A2.2 Our decision on the conduct of the auction is fi nal. conditions. A2.3 We may cancel the auction, or alter the order in which lots are offered for sale. We may also combine or divide lots. A lot may be Interest rate sold or withdrawn from sale prior to the auction. If not specifi ed in thespecial conditions, 4% above the base rate from time A2.4 You acknowledge that to the extent permitted by law we owe you to time of Barclays Bank plc. (The interest rate will also apply to judgment no duty of care and you have no claim against us for any loss. debts, if applicable.) 30 A3 Bidding and reserve prices G1.4 The lot is also sold subject to such of the following as may affect it, A3.1 All bids are to be made in pounds sterling exclusive of any whether they arise before or after the contract date and whether or applicable VAT. not they are disclosed by the seller or are apparent from inspection A3.2 We may refuse to accept a bid. We do not have to explain why. of the lot or from the documents: A3.3 If there is a dispute over bidding we are entitled to resolve it, and (a) matters registered or capable of registration as local land our decision is fi nal. charges; A3.4 Unless stated otherwise each lot is subject to a reserve price (b) matters registered or capable of registration by any competent (which may be fi xed just before thelot is offered for sale). If no bid authority or under the provisions of any statute; equals or exceeds that reserve price the lot will be withdrawn from (c) notices, orders, demands, proposals and requirements of any the auction. competent authority; A3.5 Where there is a reserve price the seller may bid (or ask us or (d) charges, notices, orders, restrictions, agreements and other another agent to bid on the seller’s behalf) up to the reserve price matters relating to town and country planning, highways or but may not make a bid equal to or exceeding the reserve price. public health; You accept that it is possible that all bids up to the reserve price (e) rights, easements, quasi-easements, and wayleaves; are bids made by or on behalf of the seller. (f) outgoings and other liabilities; A3.6 Where a guide price (or range of prices) is given that guide is the (g) any interest which overrides, within the meaning of the Land minimum price at which, or range of prices within which, the seller Registration Act 2002; might be prepared to sell at the date of the guide price. But guide (h) matters that ought to be disclosed by the searches and prices may change. The last published guide price will normally be enquiries a prudent buyer would make, whether or not the buyer at or above any reserve price, but not always – as the seller may fi x has made them; and the fi nal reserve price just before bidding commences. (i) anything the seller does not and could not reasonably know about. A4 The particulars and other information G1.5 Where anything subject to which the lot is sold would expose the A4.1 We have taken reasonable care to prepare particulars that seller to liability the buyer is to comply with it and indemnify the correctly describe each lot. The particulars are based on seller against that liability. information supplied by or on behalf of the seller. You need to G1.6 The seller must notify the buyer of any notices, orders, demands, check that the information in the particulars is correct. proposals and requirements of any competent authority of which A4.2 If the special conditions do not contain a description of the it learns after the contract date but the buyer must comply with lot, or simply refer to the relevant lot number, you take the risk them and keep the seller indemnifi ed. that the description contained in the particulars is incomplete G1.7 The lot does not include any tenant’s or trade fi xtures or fi ttings. or inaccurate, as the particulars have not been prepared by a G1.8 Where chattels are included in the lot the buyer takes them as they conveyancer and are not intended to form part of a legal contract. are at completion and the seller is not liable if they are not fi t for A4.3 The particulars and the sale conditions may change prior to the use. auction and it is your responsibility to check that you have the G1.9 The buyer buys with full knowledge of: correct versions. (a) the documents, whether or not the buyer has read them; and A4.4 If we provide information, or a copy of a document, provided by (b) the physical condition of the lot and what could reasonably be others we do so only on the basis that we are not responsible for discovered on inspection of it, whether or not the buyer has the accuracy of that information or document. inspected it. G1.10 The buyer is not to rely on the information contained in the A5 The contract particulars but may rely on the seller’s conveyancer’s written A5.1 A successful bid is one we accept as such (normally on the fall of replies to preliminary enquiries to the extent stated in those replies. the hammer). This condition A5 applies to you if you make the successful bid for a lot. G2. Deposit A5.2 You are obliged to buy the lot on the terms of the sale G2.1 The amount of the deposit is the greater of: memorandum at the price you bid plus VAT (if applicable). (a) any minimum deposit stated in the auction conduct conditions A5.3 You must before leaving the auction: (or the total price, if this is less than that minimum); and (a) provide all information we reasonably need from you to enable (b) 10% of the price (exclusive of any VAT on the price). us to complete the sale memorandum (including proof of your identity if required by us); G2.2 The deposit (b) sign the completed sale memorandum; and (a) must be paid in pounds sterling by cheque or banker’s draft (c) pay the deposit. drawn on an approved nancial institution (or by any other A5.4 If you do not we may either: means of payment that the auctioneers may accept); and (a) as agent for the seller treat that failure as your repudiation of (b) is to be held as stakeholder unless the auction conduct the contract and offer the lot for sale again: the seller may then conditions provide that it is to be held as agent for the seller. have a claim against you for breach of contract; or G2.3 Where the auctioneers hold the deposit as stakeholder they are (b) sign the sale memorandum on your behalf. authorised to release it (and interest on it if applicable) to the seller on completion or, if completion does not take place, to the person A5.5 The deposit: entitled to it under the sale conditions. (a) is to be held as stakeholder where VAT would be chargeable G2.4 If a cheque for all or part of the deposit is not cleared on fi rst on the deposit were it to be held as agent for the seller, but presentation the seller may treat the contract as at an end and otherwise is to be held as stated in the sale conditions; and bring a claim against the buyer for breach of contract. (b) must be paid in pounds sterling by cheque or by bankers’ draft G2.5 Interest earned on the deposit belongs to the seller unless the sale made payable to us on an approved nancial institution. The conditions provide otherwise. extra auction conduct conditions may state if we accept any other form of payment. G3. Between contract and completion A5.6 We may retain the sale memorandum signed by or on behalf of G3.1 Unless the special conditions state otherwise, the seller is to the seller until the deposit has been received in cleared funds. insure the lot from and including the contract date to completion A5.7 If the buyer does not comply with its obligations under the and: contract then: (a) produce to the buyer on request all relevant insurance details; (a) you are personally liable to buy the lot even if you are acting as (b) pay the premiums when due; an agent; and (c) if the buyer so requests, and pays any additional premium, use (b) you must indemnify the seller in respect of any loss the seller reasonable endeavours to increase the sum insured or make incurs as a result of the buyer’s default. other changes to the policy; A5.8 Where the buyer is a company you warrant that the buyer is (d) at the request of the buyer use reasonable endeavours to have properly constituted and able to buy the lot. the buyer’s interest noted on the policy if it does not cover a contracting purchaser; A6 Extra Auction Conduct Conditions (e) unless otherwise agreed, cancel the insurance at completion, A6.1 Despite any special condition to the contrary the minimum deposit apply for a refund of premium and (subject to the rights of any we accept is £2,000 (or the total price, if less). A special condition tenant or other third party) pay that refund to the buyer; and may, however, require a higher minimum deposit. (f) (subject to the rights of any tenant or other third party) hold on trust for the buyer any insurance payments that the seller General conditions of sale receives in respect of loss or damage arising after the contract Words in bold black type have special meanings, which are defi ned in the date or assign to the buyer the benefi t of any claim; Glossary. and the buyer must on completion reimburse to the seller the cost The general conditions (including any extra general conditions) apply to the of that insurance (to the extent not already paid by the buyer or contract except to the extent that they are varied by special conditions or a tenant or other third party) for the period from and including the by an addendum. contract date to completion. G3.2 No damage to or destruction of the lot nor any deterioration in its G1. The lot condition, however caused, entitles the buyer to any reduction in G1.1 The lot (including any rights to be granted or reserved, and any price, or to delay completion, or to refuse to complete. exclusions from it) is described in the special conditions, or if not G3.3 Section 47 of the Law of Property Act 1925 does not apply. so described the lot is that referred to in the sale memorandum. G3.4 Unless the buyer is already lawfully in occupation of the lot the G1.2 The lot is sold subject to any tenancies disclosed by the special buyer has no right to enter into occupation prior to completion. conditions, but otherwise with vacant possession on completion. G1.3 The lot is sold subject to all matters contained or referred to in the G4. Title and identity documents, but excluding any nancial charges: these the seller G4.1 Unless condition G4.2 applies, the buyer accepts the title of must discharge on or before completion. the seller to the lot as at the contract date and may raise no 31 AUCTION CONDITIONS (continued)
requisition or objection except in relation to any matter that occurs G7.3 If the buyer fails to comply with a notice to complete the seller after the contract date. may, without affecting any other remedy the seller has: G4.2 If any of the documents is not made available before the auction (a) terminate the contract; the following provisions apply: (b) claim the deposit and any interest on it if held by a stakeholder; (a) The buyer may raise no requisition on or objection to any of the (c) forfeit the deposit and any interest on it; documents that is made available before the auction. (d) resell the lot; and (b) If the lot is registered land the seller is to give to the buyer within (e) claim damages from the buyer. fi ve business days of the contract date an offi cial copy of the G7.4 If the seller fails to comply with a notice to complete the buyer entries on the register and title plan and, where noted on the may, without affecting any other remedy the buyer has: register, of all documents subject to which the lot is being sold. (a) terminate the contract; and (c) If the lot is not registered land the seller is to give to the buyer (b) recover the deposit and any interest on it from the seller or, if within fi ve business days an abstract or epitome of title starting applicable, a stakeholder. from the root of title mentioned in the special conditions (or, if none is mentioned, a good root of title more than fi fteen years G8. If the contract is brought to an end old) and must produce to the buyer the original or an examined If the contract is lawfully brought to an end: copy of every relevant document. (a) the buyer must return all papers to the seller and appoints the (d) If title is in the course of registration, title is to consist of certifi ed seller its agent to cancel any registration of the contract; and copies of: (b) the seller must return the deposit and any interest on it to (i) the application for registration of title made to the land registry; the buyer (and the buyer may claim it from the stakeholder, (ii) the documents accompanying that application; if applicable) unless the seller is entitled to forfeit the deposit (iii) evidence that all applicable stamp duty land tax relating to that under condition G7.3. application has been paid; and (iv) a letter under which the seller or its conveyancer agrees to use G9. Landlord’s licence all reasonable endeavours to answer any requisitions raised by G9.1 Where the lot is or includes leasehold land and licence to assign is the land registry and to instruct the land registry to send the required this condition G9 applies. completed registration documents to the buyer. G9.2 The contract is conditional on that licence being obtained, by way (e) The buyer has no right to object to or make requisitions on of formal licence if that is what the landlord lawfully requires. any title information more than seven business days after that G9.3 The agreed completion date is not to be earlier than the date fi ve information has been given to the buyer. business days after the seller has given notice to the buyer that G4.3 Unless otherwise stated in the special conditions the seller licence has been obtained. sells with full title guarantee except that (and the transfer shall so G9.4 The seller must: provide): (a) use all reasonable endeavours to obtain the licence at the (a) the covenant set out in section 3 of the Law of Property seller’s expense; and (Miscellaneous Provisions) Act 1994 shall not extend to matters (b) enter into any authorised guarantee agreement properly recorded in registers open to public inspection; these are to be required. treated as within the actual knowledge of the buyer; and G9.5 The buyer must: (b) the covenant set out in section 4 of the Law of Property (a) promptly provide references and other relevant information; and (Miscellaneous Provisions) Act 1994 shall not extend to any (b) comply with the landlord’s lawful requirements. condition or tenant’s obligation relating to the state or condition G9.6 If within three months of the contract date (or such longer period of the lot where the lot is leasehold property. as the seller and buyer agree) the licence has not been obtained G4.4 The transfer is to have effect as if expressly subject to all matters the seller or the buyer may (if not then in breach of any obligation subject to which the lot is sold under the contract. under this condition G9) by notice to the other terminate the G4.5 The seller does not have to produce, nor may the buyer object to contract at any time before licence is obtained. That termination is or make a requisition in relation to, any prior or superior title even if without prejudice to the claims of either seller or buyer for breach it is referred to in the documents. of this condition G9. G4.6 The seller (and, if relevant, the buyer) must produce to each other such confi rmation of, or evidence of, their identity and that of their G10. Interest and apportionments mortgagees and attorneys (if any) as is necessary for the other G10.1 If the actual completion date is after the agreed completion date to be able to comply with applicable Land Registry Rules when for any reason other than the seller’s default the buyer must pay making application for registration of the transaction to which the interest at the interest rate on the price (less any deposit paid) conditions apply. from the agreed completion date up to and including the actual completion date. G5. Transfer G10.2 Subject to condition G11 the seller is not obliged to apportion or G5.1 Unless a form of transfer is prescribed by the special conditions: account for any sum at completion unless the seller has received (a) the buyer must supply a draft transfer to the seller at least ten that sum in cleared funds. The seller must pay to the buyer after business days before the agreed completion date and the completion any sum to which the buyer is entitled that the seller engrossment (signed as a deed by the buyer if condition G5.2 subsequently receives in cleared funds. applies) fi ve business days before that date or (if later) two G10.3 Income and outgoings are to be apportioned at actual completion business days after the draft has been approved by the seller; date unless: and (a) the buyer is liable to pay interest; and (b) the seller must approve or revise the draft transfer within fi ve (b) the seller has given notice to the buyer at any time up to business days of receiving it from the buyer. completion requiring apportionment on the date from which G5.2 If the seller remains liable in any respect in relation to the lot interest becomes payable by the buyer; (or a tenancy) following completion the buyer is specifi cally to in which event income and outgoings are to be apportioned on the covenant in the transfer to indemnify the seller against that liability. date from which interest becomes payable by the buyer. G5.3 The seller cannot be required to transfer the lot to anyone other G10.4 Apportionments are to be calculated on the basis that: than the buyer, or by more than one transfer. (a) the seller receives income and is liable for outgoings for the whole of the day on which apportionment is to be made; G6. Completion (b) annual income and expenditure accrues at an equal daily rate G6.1 Completion is to take place at the offi ces of theseller’s assuming 365 days in a year, and income and expenditure conveyancer, or where the seller may reasonably require, on the relating to some other period accrues at an equal daily rate agreed completion date. The seller can only be required to during the period to which it relates; and complete on a business day and between the hours of 0930 and (c) where the amount to be apportioned is not known at 1700. completion apportionment is to be made by reference to a G6.2 The amount payable on completion is the balance of the price reasonable estimate and further payment is to be made by seller adjusted to take account of apportionments plus (if applicable) VAT or buyer as appropriate within fi vebusiness days of the date and interest. when the amount is known. G6.3 Payment is to be made in pounds sterling and only by: (a) direct transfer to the seller’s conveyancer’s client account; and G11. Arrears (b) the release of any deposit held by a stakeholder. G6.4 Unless the seller and the buyer otherwise agree, completion Part 1 Current rent cannot take place until both have complied with their obligations G11.1 ‘Current rent’ means, in respect of each of the tenancies subject to under the contract and the balance of the price is unconditionally which the lot is sold, the instalment of rent and other sums payable received in the seller’s conveyancer’s client account. by the tenant in advance on the most recent rent payment date on G6.5 If completion takes place after 1400 hours for a reason other or within four months preceding completion. than the seller’s default it is to be treated, for the purposes of G11.2 If on completion there are any arrears of current rent the buyer apportionment and calculating interest, as if it had taken place on must pay them, whether or not details of those arrears are given in the next business day. the special conditions. G6.6 Where applicable the contract remains in force following G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of completion. current rent. G7. Notice to complete Part 2 Buyer to pay for arrears G7.1 The seller or the buyer may on or after the agreed completion G11.4 Part 2 of this condition G11 applies where the special conditions date but before completion give the other notice to complete give details of arrears. within ten business days (excluding the date on which the notice is G11.5 The buyer is on completion to pay, in addition to any other money given) making time of the essence. then due, an amount equal to all arrears of which details are set G7.2 The person giving the notice must be ready to complete. out in the special conditions. 32 G11.6 If those arrears are not old arrears the seller is to assign to the (c) article 5(2B) of the Value Added Tax (Special Provisions) Order buyer all rights that the seller has to recover those arrears. 1995 does not apply to it; and (d) it is not buying the lot as a nominee for another person. Part 3 Buyer not to pay for arrears G15.4 The buyer is to give to the seller as early as possible before the G11.7 Part 3 of this condition G11 applies where the special conditions: agreed completion date evidence: (a) so state; or (a) of the buyer’s VAT registration; (b) give no details of any arrears. (b) that the buyer has made a VAT option; and G11.8 While any arrears due to the seller remain unpaid the buyer must: (c) that the VAT option has been notifi ed in writing to HM Revenue (a) try to collect them in the ordinary course of management but and Customs; and if it does not produce the relevant evidence need not take legal proceedings or forfeit the tenancy; at least two business days before the agreed completion date, (b) pay them to the seller within fi vebusiness days of receipt in condition G14.1 applies at completion. cleared funds (plus interest at the interest rate calculated on a G15.5 The buyer confi rms that aftercompletion the buyer intends to: daily basis for each subsequent day’s delay in payment); (a) retain and manage the lot for the buyer’s own benefi t as a (c) on request, at the cost of the seller, assign to the seller or continuing business as a going concern subject to and with the as the seller may direct the right to demand and sue for old benefi t of thetenancies ; and arrears, such assignment to be in such form as the seller’s (b) collect the rents payable under the tenancies and charge VAT conveyancer may reasonably require; on them (d) if reasonably required, allow the seller’s conveyancer to have on G15.6 If, after completion, it is found that the sale of the lot is not a loan the counterpart of any tenancy against an undertaking to transfer of a going concern then: hold it to the buyer’s order; (a) the seller’s conveyancer is to notify the buyer’s conveyancer of (e) not without the consent of the seller release any tenant or surety that fi nding and provide aVAT invoice in respect of the sale of from liability to pay arrears or accept a surrender of or forfeit the lot; any tenancy under which arrears are due; and (b) the buyer must within fi vebusiness days of receipt of the VAT (f) if the buyer disposes of the lot prior to recovery of all arrears invoice pay to the seller the VAT due; and obtain from the buyer’s successor in title a covenant in favour of (c) if VAT is payable because the buyer has not complied with this the seller in similar form to part 3 of this condition G11. condition G15, the buyer must pay and indemnify the seller G11.9 Where the seller has the right to recover arrears it must not against all costs, interest, penalties or surcharges that the seller without the buyer’s written consent bring insolvency proceedings incurs as a result. against a tenant or seek the removal of goods from the lot. G16. Capital allowances G12. Management G16.1 This condition G16 applies where the special conditions state G12.1 This condition G12 applies where the lot is sold subject to that there are capital allowances available in respect of the lot. tenancies. G16.2 The seller is promptly to supply to the buyer all information G12.2 The seller is to manage the lot in accordance with its standard reasonably required by the buyer in connection with the buyer’s management policies pending completion. claim for capital allowances. G12.3 The seller must consult the buyer on all management issues that G16.3 The value to be attributed to those items on which capital would affect the buyer after completion (such as, but not limited allowances may be claimed is set out in the special conditions. to, an application for licence; a rent review; a variation, surrender, G16.4 The seller and buyer agree: agreement to surrender or proposed forfeiture of a tenancy; or a (a) to make an election on completion under Section 198 of the new tenancy or agreement to grant a new tenancy) and: Capital Allowances Act 2001 to give effect to this condition (a) the seller must comply with the buyer’s reasonable G16; and requirements unless to do so would (but for the indemnity in (b) to submit the value specifi ed in thespecial conditions to HM paragraph (c)) expose the seller to a liability that the seller Revenue and Customs for the purposes of their respective would not otherwise have, in which case the seller may act capital allowance computations. reasonably in such a way as to avoid that liability; (b) if the seller gives the buyer notice of the seller’s intended G17. Maintenance agreements act and the buyer does not object within fi vebusiness days G17.1 The seller agrees to use reasonable endeavours to transfer to giving reasons for the objection the seller may act as the seller the buyer, at the buyer’s cost, the benefi t of the maintenance intends; and agreements specifi ed in thespecial conditions. (c) the buyer is to indemnify the seller against all loss or liability the G17.2 The buyer must assume, and indemnify the seller in respect of, all seller incurs through acting as the buyer requires, or by reason liability under such contracts from the actual completion date. of delay caused by the buyer. G18. Landlord and Tenant Act 1987 G13. Rent deposits G18.1 This condition G18 applies where the sale is a relevant disposal for G13.1 This condition G13 applies where the seller is holding or otherwise the purposes of part I of the Landlord and Tenant Act 1987. entitled to money by way of rent deposit in respect of a tenancy. G18.2 The seller warrants that the seller has complied with sections 5B In this condition G13 ‘rent deposit deed’ means the deed or other and 7 of that Act and that the requisite majority of qualifying tenants document under which the rent deposit is held. has not accepted the offer. G13.2 If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer and, subject to the G19. Sale by practitioner terms of the rent deposit deed, comply at the cost of the buyer with G19.1 This condition G19 applies where the sale is by a practitioner the buyer’s lawful instructions. either as seller or as agent of the seller. G13.3 Otherwise the seller must on completion pay and assign its interest G19.2 The practitioner has been duly appointed and is empowered to sell in the rent deposit to the buyer under an assignment in which the the lot. buyer covenants with the seller to: G19.3 Neither the practitioner nor the fi rm or any member of the fi rm (a) observe and perform the seller’s covenants and conditions in to which the practitioner belongs has any personal liability the rent deposit deed and indemnify the seller in respect of any in connection with the sale or the performance of the seller’s breach; obligations. The transfer is to include a declaration excluding that (b) give notice of assignment to the tenant; and personal liability. (c) give such direct covenant to the tenant as may be required by G19.4 The lot is sold: the rent deposit deed. (a) in its condition at completion; (b) for such title as the seller may have; and G14. VAT (c) with no title guarantee; G14.1 Where a sale condition requires money to be paid or other and the buyer has no right to terminate the contract or any consideration to be given, the payer must also pay any VAT that is other remedy if information provided about the lot is inaccurate, chargeable on that money incomplete or missing. G14.2 Where the special conditions state that no VAT option has been G19.5 Where relevant: made the seller confi rms that none has been made by it or by any (a) the documents must include certifi ed copies of those company in the same VAT group nor will be prior to completion. under which the practitioner is appointed, the document of appointment and the practitioner’s acceptance of appointment; G15. Transfer as a going concern and G15.1 Where the special conditions so state: (b) the seller may require the transfer to be by the lender (a) the seller and the buyer intend, and will take all practicable exercising its power of sale under the Law of Property Act 1925. steps (short of an appeal) to procure, that the sale is treated as a G19.6 The buyer understands this condition G19 and agrees that it is fair transfer of a going concern; and (b) this condition G15 applies. in the circumstances of a sale by a practitioner. G15.2 The seller confi rms that theseller (a) is registered for VAT, either in the seller’s name or as a member G20. TUPE of the same VAT group; and G20.1 If the special conditions state ‘There are no employees to which (b) has (unless the sale is a standard-rated supply) made in relation TUPE applies’, this is a warranty by the seller to this effect. to the lot a VAT option that remains valid and will not be G20.2 If the special conditions do not state ‘There are no employees to revoked before completion. which TUPE applies’ the following paragraphs apply: G15.3 The buyer confi rms that: (a) The seller must notify the buyer of those employees whose (a) it is registered for VAT, either in the buyer’s name or as a contracts of employment will transfer to the buyer on member of a VAT group; completion (the ‘Transferring Employees’). This notifi cation (b) it has made, or will make before completion, a VAT option in must be given to the buyer not less than 14 days before relation to the lot and will not revoke it before or within three completion. months after completion; 33 AUCTION CONDITIONS (continued)
(b) The buyer confi rms that it will comply with its obligations under G23.8 The seller and the buyer are to bear their own costs in relation to TUPE and any special conditions in respect of the Transferring rent review negotiations and proceedings. Employees. (c) The buyer and the seller acknowledge that pursuant and G24. Tenancy renewals subject to TUPE, the contracts of employment between the G24.1 This condition G24 applies where the tenant under a tenancy Transferring Employees and the seller will transfer to the buyer has the right to remain in occupation under part II of the Landlord on completion. and Tenant Act 1954 (as amended) and references to notices and (d) The buyer is to keep the seller indemnifi ed against all liability for proceedings are to notices and proceedings under that Act. the Transferring Employees after completion. G24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not without the written consent of the buyer (which G21. Environmental the buyer must not unreasonably withhold or delay) serve or G21.1 This condition G21 only applies where the special conditions so respond to any notice or begin or continue any proceedings. provide. G24.3 If the seller receives a notice the seller must send a copy to the G21.2 The seller has made available such reports as the seller has as to buyer within fi ve business days and act as the buyer reasonably the environmental condition of the lot and has given the buyer the directs in relation to it. opportunity to carry out investigations (whether or not the buyer G24.4 Following completion the buyer must: has read those reports or carried out any investigation) and the (a) with the co-operation of the seller take immediate steps to buyer admits that the price takes into account the environmental substitute itself as a party to any proceedings; condition of the lot. (b) use all reasonable endeavours to conclude any proceedings G21.3 The buyer agrees to indemnify the seller in respect of all liability for or negotiations for the renewal of the tenancy and the or resulting from the environmental condition of the lot. determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably obtainable; and G22. Service charge (c) if any increased rent is recovered from the tenant (whether as G22.1 This condition G22 applies where the lot is sold subject to interim rent or under the renewed tenancy) account to the seller tenancies that include service charge provisions. for the part of that increase that relates to the seller’s period G22.2 No apportionment is to be made at completion in respect of of ownership of the lot within fi ve business days of receipt of service charges. cleared funds. G22.3 Within two months after completion the seller must provide to the G24.5 The seller and the buyer are to bear their own costs in relation to buyer a detailed service charge account for the service charge year the renewal of the tenancy and any proceedings relating to this. current on completion showing: (a) service charge expenditure attributable to each tenancy; G25. Warranties (b) payments on account of service charge received from each G25.1 Available warranties are listed in the special conditions. tenant; G25.2 Where a warranty is assignable the seller must: (c) any amounts due from a tenant that have not been received; (a) on completion assign it to the buyer and give notice of (d) any service charge expenditure that is not attributable to any assignment to the person who gave the warranty; and tenancy and is for that reason irrecoverable. (b) apply for (and the seller and the buyer must use all reasonable G22.4 In respect of each tenancy, if the service charge account shows endeavours to obtain) any consent to assign that is required. that: If consent has not been obtained by completion the warranty (a) payments on account (whether received or still then due from must be assigned within fi vebusiness days after the consent a tenant) exceed attributable service charge expenditure, the has been obtained. seller must pay to the buyer an amount equal to the excess G25.3 If a warranty is not assignable the seller must after completion: when it provides the service charge account; (a) hold the warranty on trust for the buyer; and (b) attributable service charge expenditure exceeds payments on (b) at the buyer’s cost comply with such of the lawful instructions of account (whether those payments have been received or are the buyer in relation to the warranty as do not place the seller in still then due), the buyer must use all reasonable endeavours to breach of its terms or expose the seller to any liability or penalty. recover the shortfall from the tenant at the next service charge reconciliation date and pay the amount so recovered to the G26. No assignment seller within fi vebusiness days of receipt in cleared funds; The buyer must not assign, mortgage or otherwise transfer or but in respect of payments on account that are still due from a part with the whole or any part of the buyer’s interest under this tenant condition G11 (arrears) applies. contract. G22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller must pay the expenditure incurred in G27. Registration at the Land Registry respect of the period before actual completion date and the buyer G27.1 This condition G27.1 applies where the lot is leasehold and its sale must pay the expenditure incurred in respect of the period after either triggers fi rst registration or is a registrable disposition. The actual completion date. Any necessary monetary adjustment is buyer must at its own expense and as soon as practicable: to be made within fi vebusiness days of the seller providing the (a) procure that it becomes registered at Land Registry as proprietor service charge account to the buyer. of the lot; G22.6 If the seller holds any reserve or sinking fund on account of future (b) procure that all rights granted and reserved by the lease under service charge expenditure or a depreciation fund: which the lot is held are properly noted against the affected (a) the seller must pay it (including any interest earned on it) to the titles; and buyer on completion; and (c) provide the seller with an offi cial copy of the register relating to (b) the buyer must covenant with the seller to hold it in accordance such lease showing itself registered as proprietor. with the terms of the tenancies and to indemnify the seller if it G27.2 This condition G27.2 applies where the lot comprises part of a does not do so. registered title. The buyer must at its own expense and as soon as practicable: G23. Rent reviews (a) apply for registration of the transfer; G23.1 This condition G23 applies where the lot is sold subject to a (b) provide the seller with an offi cial copy and title plan for the tenancy under which a rent review due on or before the actual buyer’s new title; and completion date has not been agreed or determined. (c) join in any representations the seller may properly make to Land G23.2 The seller may continue negotiations or rent review proceedings Registry relating to the application. up to the actual completion date but may not agree the level of the revised rent or commence rent review proceedings without the G28. Notices and other communications written consent of the buyer, such consent not to be unreasonably G28.1 All communications, including notices, must be in writing. withheld or delayed. Communication to or by the seller or the buyer may be given to or G23.3 Following completion the buyer must complete rent review by their conveyancers. negotiations or proceedings as soon as reasonably practicable G28.2 A communication may be relied on if: but may not agree the level of the revised rent without the written (a) delivered by hand; or consent of the seller, such consent not to be unreasonably (b) made electronically and personally acknowledged (automatic withheld or delayed. acknowledgement does not count); or G23.4 The seller must promptly: (c) there is proof that it was sent to the address of the person to (a) give to the buyer full details of all rent review negotiations and whom it is to be given (as specifi ed in thesale memorandum) proceedings, including copies of all correspondence and other by a postal service that offers normally to deliver mail the next papers; and following business day. (b) use all reasonable endeavours to substitute the buyer for the G28.3 A communication is to be treated as received: seller in any rent review proceedings. (a) when delivered, if delivered by hand; or G23.5 The seller and the buyer are to keep each other informed of the (b) when personally acknowledged, if made electronically; but progress of the rent review and have regard to any proposals the if delivered or made after 1700 hours on a business day other makes in relation to it. a communication is to be treated as received on the next G23.6 When the rent review has been agreed or determined the buyer business day. must account to the seller for any increased rent and interest G28.4 A communication sent by a postal service that offers normally to recovered from the tenant that relates to the seller’s period of deliver mail the next following business day will be treated as ownership within fi vebusiness days of receipt of cleared funds. received on the second business day after it has been posted. G23.7 If a rent review is agreed or determined before completion but the increased rent and any interest recoverable from the tenant has not G29. Contracts (Rights of Third Parties) Act 1999 been received by completion the increased rent and any interest No one is intended to have any benefi t under thecontract pursuant recoverable is to be treated as arrears. to the Contract (Rights of Third Parties) Act 1999.
34 Extra-Common Auction Conditions
Extra General Conditions of Sale Applicable to All Lots • If a cheque for all or part of the deposit is not cleared on fi rst presentation, theauctioneers are under no obligation to re- present the cheque, but should they do so (at their sole discretion) then the buyer will pay to the auctioneers a fee of £100 plus VAT, such payment being due whether or not the cheque ultimately clears. • Vacant possession of the lot shall be given to the buyer on completion except where stated in the special conditions. The buyer accepts that vacant possession of the whole or any part of the lot offered with vacant possession notwithstanding that: • There may be furniture fi ttings or effects remaining at thelot in which case the buyer shall not be entitled to require the removal of such items or delay completion on the grounds that the existence of such items does not constitute vacant possession, and: • That all or part of the lot whether comprising a house, part of a house, fl at or fl ats may not legally be used for immediate residential occupation. • The buyer will pay to the auctioneers a Buyers Administration Fee of £500 plus VAT. If for any reason this sum is not paid on exchange of contracts then it will be payable to the seller’s solicitors on completion in addition to the purchase price. • Any description of the lot which includes reference to its use does not imply or warrant that it may be legally used for that purpose. • If the buyer is unable to provide adequate means of identifi cation in the auction room either for himself or for the contractual buyer (if this is different) the auctioneers may retain the sale memorandum signed by or on behalf of the seller until such identifi cation is produced and in the absence of its production may (as agents for theseller ) treat this as the buyers repudiation of the contract and re-offer the lot for sale. • The auctioneers shall be under no fi nancial liability in respect of any matters arising out of the auction or the particulars of any lot or any of the conditions relating to any lot. No claims shall be made against the auctioneers by the buyer in respect of any loss or damage or claim actually or allegedly suffered by or made against the buyer by reason of the buyer entering into the contract. • The auctioneers have undertaken their best endeavours to satisfy themselves as to the bona fi des of the seller and that he is the benefi cial owner but we give no warranty.
• The Deposit • Must be paid to the auctioneers by cheque or bankers draft drawn on a UK clearing bank or building society (or by such other means of payment as they may accept) • Is to be held as stakeholder save to the extent of the auctioneers’ fees and expenses which part of the deposit shall be held as agents for the seller
• Buyer’s Administration Charge Should your bid be successful you will pay the auctioneers an administration charge of £500 plus VAT upon exchange of contracts to the Auctioneer.
• Extra Auction Conduct Conditions Despite any special condition to the contrary the minimum deposit we accept is £3,000 (or the total price, if less). A special condition may, however, require a higher minimum deposit.
35 INDEX OF SELLER’S SOLICITORS
1 TBC 2 Sabeers Stone Greene Solicitors,130a Uxbridge Road, Shepherds Bush, London, W12 8AA 0208 7407007 3 Mullis & Peake Solicitors,8 – 10 Eastern Road, Romford, Essex, RM1 3PJ 01708784000 4 Kennard Wells, 718 High Road, Leytonstone, London, E11 3AJ 02085398338 5 TBC 6 TBC 7 MacFarlane Young Ltd, 26 New Street, Paisley, Scotland, PA1 1YB 0149893257 8 TBC 9 TBC 10 TBC 11 Kennard Wells, 718 High Road, Leytonstone, London, E11 3AJ 02085398338 12 Sabeers Stone Greene Solicitors, 130a Uxbridge Road, Shepherds Bush, London, W12 8AA 0208 7407007 13 TBC 14 TBC 15 TBC 16 TBC 17 TBC 18 TBC 19 Sabeers Stone Greene Solicitors, 130a Uxbridge Road, Shepherds Bush, London, W12 8AA 0208 7407007 20 Ra na Solicitors, 795 Harrow Rd, Wembley, Middlesex, HA0 2LP 020 8908 6742 21 Ra na Solicitors, 795 Harrow Rd, Wembley, Middlesex, HA0 2LP 020 8908 6742 22 Fosters Law, 2 Cecil Square, Margate, Kent, CT9 1BD 23 TBC 24 Sabeers Stone Greene Solicitors, 130a Uxbridge Road, Shepherds Bush, London, W12 8AA 0208 7407007 25 TBC 26 Sabeers Stone Greene Solicitors, 130a Uxbridge Road, Shepherds Bush, London, W12 8AA 0208 7407007 27 TBC 28 Ra na Solicitors, 795 Harrow Rd, Wembley, Middlesex, HA0 2LP 020 8908 6742 29 Fosters Law, 2 Cecil Square, Margate, Kent, CT9 1BD 30 TBC 31 DV Solicitors, Mayfair House , 11 Lurke Street , Bedford, MK40 3HZ 01234 350 244 32 TBC 33 Adamson Law Solicitors, Landmark House, 12 Chorley New Road, Bolton, BL1 4AP 34 TBC 35 TBC 36 174 Law Solicitor, 68 Whetstone Lane, Birkenhead, Wirral, CH41 2TF 0151 647 7372
36 EPCs
LOT NO. ADDRESS EPC RATING 1 50 Wolseley Road, Mitcham, Surrey, CR4 4JQ D 2 18 Hubbard Road, West Norwood, London SE27 9PJ D 3 41 Lynwood Close, South Woodford, E18 1DP C 4 133 Cheriton High Street, Folkestone, CT19 4HQ E 5 Flat 5, 103 Earls Court Road, Kensington, London, W8 6QH D 6 52 Hazlewood Road, Nottingham NG7 5LB TBC 7 55–57 Main Street, Coatbridge, Lanarkshire ML5 3AE E 8 Flat 5, 26 Rosendale Road, Dulwich, London SE21 8DR D 9 5a Lewisham Way, New Cross, London, SE14 6PP D 10 335 Holderness Road, Hull HU8 8SH D 11 330 Lea Bridge Road, Leyton, E10 7LA Not required 12 Land at Rogate, Nyewood, Hampshire Not required 13 Oakley Lodge, 326 Brownhill Road, Catford, SE6 1AX D 14 182 Manchester Road, Oldham, Lancashire OL9 7BN D 15 Unit 5, Via Terre Gialle 1, 58033 Castel Del Piano, Tuscany, Italy TBC 16 404–424 High Road, Leyton, London, E10 6QE Not required 17 26 Studley Road, London, E7 9LX D 18 134 Steade Road, Shef eld, S7 IDU E 19 Bank Chambers, 7 Market Street, Leigh, Lancaster, WN7 1ED Not required 20 Former Miskin Community Education Centre, Clarence Street, Mountain Ash, CF45 3BD TBC 21 131 Cleethorpe Road, Grimsby DN31 3EY TBC 22 Garage & Land at 229 Phipps Bridge Road, SW19 2SS Not required 23 Land in New Brunswick, Canada Not required 24 Arda 9 Lakeside Apartment, Bodrum, Turkey TBC 25 49 Finsbury House, Partridge Way, Woodgreen, London, N22 8DU TBC 26 28 Houseman Gardens, Nottingham NG2 2HX D 27 Land at Mynydd Brithweun, Trealaw, Tonypandy CF43 3PW Not required 28 Former Leisure Centre, Waltwood Road, Underwood, NP18 2EY TBC 29 Garage & Land at 424 Lynmouth Avenue, Morden, SM4 4RU Not required 30 15 King Street, Whitehaven, CA28 7LA TBC 31 37 Clifton Road, Greenford UB6 8SP D 32 111 Stewart Road, Falkirk FK2 7AQ TBC 33 36 Hovis Street, Openshaw, Manchester M11 2JD D 34 48 & 49 Caves Road, St Leonards-on-sea TN38 0BY TBC 35 7 Boundary Road, Hove BN3 4EH TBC 36 Land to the south of Hinderton Road, Birkenhead, CH41 9AA Not required
37 Registration Form for Proxy, Telephone or Internet Bidding
MS Auctions will have no liability or responsibility • You being unobtainable by telephone or whatsoever towards You in the event of Your becoming disconnected during the course of • Unclear instructions bidding by telephone or via the internet • Error, lack of clarity or confusion regarding the • Any other factor beyond MS Auctions’ control. Registration Form or the deposit In any such case, neither the Auctioneer nor any • Any change in the date, time and/or venue for the member or employee of MS Auctions shall be held auction responsible or liable for any loss, cost, claim, demand or damage that You may incur as a result. • Interruption or suspension of telephone bidding services
Section One – Registration details Section Two – Details for completion of sale Lot Number(s) memorandum Full name, address and telephone number of the Buyer (ie the person, fi rm or company who is intended to be the owner of the Property. This name will be entered in the Sale Memorandum. Changes may not be made without the seller’s prior consent. References to “nominees”, “associates” or similar are unacceptable.)
Please select a method of bidding Name ......
Proxy Telephone Internet Address ......
Validity: once we receive an authority to bid form from you ...... it is binding for the duration of the auction day. This is to enable the possibility of the seller agreeing to sell after the ...... Postcode ...... auction when the bidding has not reached the reserve in the Tel No ...... room. Fax No ...... Date of Auction ...... E-mail ...... Address of Lot ...... Buyer’s Solicitor’s name, address and telephone number ...... Name of Firm ...... Postcode ...... Address ...... Maximum Bid Price exclusive of VAT ...... £ ...... (in words) ...... Postcode ......
Bidder Contact Details For the Attention of ......
Full Name ...... Tel No ......
Address ...... Fax No ......
...... I acknowledge and agree that MS Auctions may take photocopies of my identifi cation documents and that such ...... Postcode ...... copies may be retained for MS Auctions records in order to comply with their bidder identifi cation procedures and in Business Tel No ...... accordance with RICS Best Practice guidelines on bidder identity Mobile ...... verifi cation. I instruct and authorise MS Auctions to either bid on my behalf Home Tel No ...... in accordance with the Terms and Conditions and I understand that should my bid be successful the offer will be binding upon Email ...... me and that I will be legally bound jointly and separately with the (required for internet bidding) intended Buyer (where the Buyer is different) by the applicable Conditions of Sale (as defi ned in the Terms and Conditions) Identifi cation – Please supply a copy of your driving licence or or MS Auctions will bid on my behalf if required, taking my passport by way of photo identifi cation AND a copy of a recent instructions in this respect on the telephone when the relevant utility bill or bank statement as proof of Your current address. Lot is being sold at the Auction. I authorise you to record such I enclose a cheque payable to MS Auctions (unless otherwise bidding and instructions in order to avoid any doubts or disputes. directed) for 10% deposit (subject to a minimum of £3,000) Signature of the Bidder, for and on behalf of the Bidder and (if (NB. in the case of telephone or internet bidding a pre-signed, different) the intended Buyer: blank cheque may be submitted – please see clause 2 of Terms and Conditions) (cheques will not be banked unless the bid is successful) ......
£ ...... (enclosed within) Name and address of signatory in block capitals
An administration charge is payable by the buyer to the ...... Auctioneers upon the fall of the hammer as follows: ......
...... £500 + VAT Date of Signing ......
38 Memorandum of Sale
Date of Auction ...... Lot ......
Property Address ......
......
......
...... Postcode ......
SELLER ......
Purchase Price £ ......
Deposit (minimum £3,000) £ ......
Balance £ ......
Exchange Date Dated this ...... day of ...... 2015
Completion Date ...... day of ...... 2015
The Buyer(s) Full names ......
Address ......
......
......
...... Postcode ......
Telephone Numbers: Work ...... Home ...... Mobile ......
THE BUYER’S Full Names ...... AGENT
Capacity ......
Address ......
......
...... Postcode ......
Tel ......
SOLICITOR/ Firm ...... CONVEYANCER
Address ......
......
...... Postcode ......
Person Dealing ...... Tel ......
Declarations I/We the above named Buyer(s) hereby acknowledge that I/we have today purchased the property described above and in the attached particulars and have paid to the Auctioneers the above mentioned deposit in part payment of the above mentioned purchase price. I/we confi rm that the above mentioned buyer’s conveyancer is the person duly authorised to accept notices on behalf of the buyer(s) for the purposes of the General and Special Conditions. I/we acknowledge my/our agreement to pay the remainder of the purchase price and to complete the purchase in accordance with the annexed General and Special Conditions of Sale and any relevant entry on the Addendum. It is further acknowledged and warranted that I as the person who bid for the property have signed the Memorandum. If not the buyer(s) named above have authority to act on behalf of the buyer(s). I have read, understand and agree to the page at the beginning of this catalogue headed ‘Your guide to buying at auction’ and the section entitled ‘Auction Conditions’ printed at the rear. We, as agents for the seller, hereby confi rm the sale and acknowledge receipt of the above mentioned deposit in accordance with the General and Special Conditions of Sale applicable and any relevant entry on the Addendum.
Signed by the Buyer or on his behalf ......
Signed by and on behalf of the Auctioneers as agents for the Vendors ......
39 Auction Bidder’s Registration Form
This form is NOT the contract Radisson Blu Portman Hotel London, 22 Portman Square, London W1H 7BG. 2nd March 2015 12 noon Please complete the details below and return this sheet to the Registration Desk where you will be provided with a Bidding Number.
BUYER’S DETAILS BIDDER’S NO.
Name(s) ......
Address ......
......
Postcode ...... Tel ......
Contact Name ...... Email: ......
BUYER’S SOLICITOR’S DETAILS
Name of Company ......
Address ......
......
Postcode ...... Tel ......
Contact Name ...... Email: ......
IF YOU ARE BIDDING ON BEHALF OF SOMEONE ELSE PLEASE COMPLETE THE FOLLOWING BOX: (PROOF OF AUTHORISATION WILL NORMALLY BE REQUIRED). INTENDED BUYER’S DETAILS
Name ...... Contact ......
Address ......
......
Postcode ...... Tel ......
INFORMATION: Are You? Did you respond to: Estates Gazette Direct Mail Marketing Owner Occupier Investor Builder Local Press Web Site Advertisement Developer Other (please state) Sale Board Other (please state)
HOW ARE YOU INTENDING TO PAY YOUR DEPOSIT? PERSONAL CHEQUE COMPANY CHEQUE BUILDING SOCIETY CHEQUE BANKER’S DRAFT MAESTRO/DELTA
NB: If paying by Maestro/Delta your bank needs to be informed beforehand to avoid delay.
PLEASE DO NOT FORGET TO PROVIDE THE MEANS TO ALSO PAY THE ADMINISTRATION CHARGE, EITHER BY SEPARATE CHEQUE OR BY ADDING THE CHARGE TO THE DEPOSIT. List A – Evidence of identity – including photograph • Valid passport • A valid identity card (HM Forces, Police Warrant Card, • New style full driving licence with photograph Prison Offi cer, Government/local authority issued)
List B – Evidence of residence • Inland Revenue tax notifi cation, self assessment statement or • An original utility bill less than three months old tax demand • An original council rent book showing rent paid for the last • An original council tax bill less than three months old three months • An original mortgage statement for the mortgage accounting • An original statement for either current bank, building society or year just ended credit card account which must be less than three months old • Household insurance certifi cate
PLEASE TICK THIS BOX IF YOU WOULD NOT LIKE TO BE PUT ONTO OUR AUCTION DATABASE PLEASE INDICATE WHICH OF OUR PROPERTIES YOU ARE INTERESTED IN TODAY BY LOT NUMBER FOR OFFICIAL USE ONLY
Means of Identi cation LIST A Valid Passport Photocard Driving Licence LIST B Credit Card/Bank Statement Utility Bill
Other (please state) ...... 40
2015 Auction Dates
30th April 2015 1st July 2015 5th October 2015 3rd December 2015
MS Auctions Residential & Commercial Property Auctioneers Phone: +44 (0) 20 8998 8464 +44 (0) 20 8997 5878 Email: [email protected] Web: www.msauctions.co.uk
We are now taking entries for our next auction taking place on 30th April 2015