Graham Penny

GRAHAM PENNY

DERBY AUCTION

Thursday 20th October 2016 at 11.30am

The Pedigree Suite, iPro Stadium, Derby, DE24 8XL

NOW PART OF THE SDL 01332 242 880 GROUP www.sdlgrahampenny.co.uk Auction Venue

The Pedigree Suite, iPro Stadium, Pride Park, Derby DE24 8XL

Thursday 20th October 2016 Commencing 11.30am

Proof of identity & address

All bidders must provide PROOF OF IDENTITY & ADDRESS to the Auctioneers in order to register and receive a bidding card. Original documents MUST be provided. Photocopies are NOT acceptable

TO PROVE IDENTITY EVIDENCE OF ADDRESS • Current signed passport • Current full UK Driving Licence (old style)* • Current full UK/EU Photo Card Driving Licence* (a provisional licence will not be accepted) • Current full UK Driving Licence • A utility bill issued within the last three months (old style)* (a provisional licence will not be (not a mobile phone bill) accepted) • Local Authority tax bill (valid for the current year) • Resident Permit issued by the Home Office to EU • Bank, Building Society or Credit Union statement Nationals containing a current address • Inland Revenue Tax Notification • The most recent original mortgage statement • Firearms Certificate from a UK lender * These documents may be used as an identity document or evidence but NOT both.

If the successful bidder is buying on behalf of someone else then the actual buyer will also be required to show photo and address identification along with a letter giving authority for someone else to bid for them.

DEPOSITS Deposits must be made in the form of either: • Personal Cheque • Company Cheque • Debit/Credit Card • Banker’s Draft Can’t make the next auction?

Now you can bid live online!

Visit: www.sdlgrahampenny.co.uk/onlinebidding

SDL Graham Penny is now offering online bidding for all auctions in Derby, Nottingham and Leicester.

FREE service • Watch and listen to our live video and audio feeds as you bid • Bid in real time • Telephone bidding and proxy bidding still available

Please note: bidders are required to register online at least 24 hours ahead of the auction.

Derby Nottingham Leicester 01332 242880 0115 958 8702 0116 254 9654 [email protected] [email protected] [email protected]

GRAHAM PENNY

www.sdlgrahampenny.co.uk Registration of Bidders

You will be required to register before you can take part in the auction. This is a quick process and provides us with your name, address and telephone numbers, two forms of identification and your solicitor/conveyancer details.

Registration form for intending bidders AUCTION DATE: //

BIDDERS NO:

BIDDER DETAILS BUYERS DETAILS

Name(s): Name(s):

Address: Address:

Post Code Post Code

Telephone: Telephone:

Email: Email:

SOLICITORS/CONVEYANCER DETAILS

Name(s):

Address:

Post Code

Telephone:

Person Dealing:

MEANS OF PAYING DEPOSIT MEANS OF IDENTIFICATION

For Auctioneers use only

Personal Cheque Passport

Bankers Draft Driving Licence

Company Cheque Utility Bill

Debit/Credit Card Bank Statement

Building Society Other (please state) Cheque

If you do not wish to be added to our mailing list tick here

4 | www.sdlgrahampenny.co.uk Notice to Bidders

1. Prospective purchasers are advised that sales are subject to 8. The vendors have the right to withdraw or sell their property (a) the Common Auction Conditions of Sale printed in the at any time prior to the Auction. The Auctioneers or Vendors are catalogue; (b) Special Conditions of Sale available on application not responsible for any abortive costs, losses or damages to the Auctioneers; (c) any addendums or alterations made incurred by the prospective purchasers in respect of lots that are available for inspection; (d) any late amendments distributed in withdrawn or sold prior to Auction. Information as to prior sale the room or made by the auctioneer from the rostrum. or withdrawal of the Lot can be obtained from enquiry of the Auctioneers but is valid only up to the time of enquiry. 2. The successful purchaser will be required to pay the Auctioneers a buyers fee of £750.00 inc. VAT on exchange of 9. Each bidder will be deemed to be personally liable on making contracts for each Lot purchased. an accepted bid even though he/she purports to act as an agent for the principal purchaser or purports to sign the Memorandum of Sale in a respective capacity. 3. Prospective purchasers should always check the amendment sheet on the day of the sale to see if there are any alterations or amendments to the particulars or special conditions on the 10. The successful bidder is under a Binding Contract as soon as property they are interested in bidding for. The catalogue has the Auctioneers gavel falls on his/her bid. Immediately thereafter, been prepared on the basis of information provided. In some the Purchaser will be handed the Purchasers slip by the cases, for whatever reason, verification has not been possible Auctioneers Clerk which should be completed in full. This prior to printing. Consquently amendments may be made and information will be used to draw up two copies of a the purchaser deemed to have full knowledge of them. Memorandum of Sale. The successful bidder must sign and exchange this memorandum with the Auctioneer’s staff and provide a 10% deposit of the purchase price or the minimum 4. It is deemed that prospective purchasers have inspected the deposit of £5,000 whichever is higher by cheque or bankers property and have made the ususal pre-contract searches and draft on an approved bank. The Purchaser will be required to enquiries and are relying on their own knowledge and advice of prove identification. CASH DEPOSITS ARE NOT ACCEPTED. their own professional or other adviser. The published information in the catalogue is not warranted and may need to be verified by inspection of the legal package generally only 10a. If a successful purchaser wishes to remain in the sale room available after the catalogue has gone to press. Purchasers must and bid for later lots before transferring to the contracts area, satisfy themselves as to correctness of details of leases, he/she shall be required to surrender to the auctioneers clerk tenancies, licences, rent payable, rent reviews, service charges, one form of identity for retention by the auctioneers until such outgoings and other matters. time as the memorandum of sale is completed.

5. Prospective purchasers are advised to check the Particulars of 11. If the purchaser should fail or default in any of the above the Sale printed in the catalogue to ensure they are satisfied to their Auctioneers as an agent for the vendor shall be entitled to treat accuracy in regard to measurements, areas and all other matters the failure or default as a repudiation and rescind the contract. to which the properties are expressed to be subject to or have Thereafter the Auctioneer shall be entitled to resubmit the benefit of, and in respect to any measurements and areas property for sale. The Vendor reserves the right to claim any loss referred to in these particulars are approximate only. Services or he/she suffers as a result. appliances included in the property have not been tested. Any statement by the Auctioneers’ staff is without responsibility and is not a representation. 12. Purchasers should be aware that they will not be entitled to the keys or access to the property (except by special arrangement) until completion date of the sale. 6. Any photograph and plans shown in the Particulars of Sale are to enable prospective purchasers to locate the property only. The plans are photographically reproduced and therefore not to 13. The Auctioneers announcements at the commencement of scale and are intended to depict the interest to be sold but are the sale are an important part of the proceedings. Thereafter the for identification only. The boundary lines and the numbers on Auction will proceed without delay and the Auctioneer will not the photographs are again only to enable prospective describe the properties in detail nor read out the special purchasers to locate the property and are not intended to depict conditions or amendments. the interest to be sold. Prospective purchasers must rely on inspection of the property concerned and the Special Conditions of Sale as to full descriptions and the extent of the relevant 14. If a purchaser requires to complete the purchase of any property to be sold. Such plans and photographs are expressly particular lot prior to the stated completion date (where excluded from the contract of sale. practical), he/she will be required to advise the auctioneers upon signing the memorandum. The Auctioneers also reserve the right to pass on any charges levied from the bank to the purchaser 7. Guide prices given by SDL Graham Penny to prospective for early transfer of monies. purchasers cannot be accepted by the purchaser as representing a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies 15. Energy Performance Certificates (EPC’s) in respect of each or other authorities. Prospective purchasers should satisfy property (where applicable) can be viewed/downloaded from themselves as to a possible purchase price. our website: www.sdlgrahampenny.co.uk

www.sdlgrahampenny.co.uk | 5 Message from the Auctioneer

NEW membership card In response to bidder feedback, I’m pleased to announce the launch of our new membership card scheme. We appreciate that it’s time-consuming completing our registration form each time you attend our auction room so we’ve launched a new barcode membership card to speed up the process. To register for a membership card you simply: • Fill in the registration form next time you attend an auction and we’ll take a copy of your photo and address ID • We’ll post you a membership card • Bring your membership card to our next auction and we’ll simply scan it and give you a bidding card We’re busy working on a few other new services for our customers which we should be able to announce over the coming months including online auctions and booking viewings online. If you’re interested in any of the lots in this catalogue please visit Welcome to our Derby catalogue our website to download the legal packs and view further property details. If you’re not able to make it to the auction room For this, our sixth Derby auction of the year, we’re also teaming up on Thursday 20th October then you can submit a Proxy, with EMPO (East Midlands Property Owners) who are simultaneously Telephone and Online Bidding Form – found on page 53 of this holding their Derbyshire Landlords & Lettings Expo at the iPro catalogue – or you can watch the auction live from our website. Stadium which is set to feature over 40 exhibitors and a busy programme of FREE seminars. We’re already inviting entries to our final Derby auction of the year on Wednesday 7th December so if you’d like to arrange a Once again we have a packed catalogue of 61 residential property, free no obligation appraisal see Robert Stone or Andrew Parker commercial property and land lots going under the hammer, in the auction room or call us on 01332 242 880. including: Our next auction is at Nottingham Racecourse on Thursday 3rd • Lot 1: 25 Cambridge Street in Spondon – a three bedroomed November. We then head to the King Power Stadium in Leicester semi-detached house requiring a scheme of improvements and on Thursday 24th November and we’re back at the iPro Stadium with a *guide price of £65,000+. on Wednesday 7th December. • Lot 29: 2 Park View, Dungreave Avenue in Matlock – a stone- built three bedroomed cottage with a guide price of £78,000+

• Lot 51: Cuckoowell Lodge in Bradley in the Moors, Alton – a traditionally-built two double bedroomed detached bungalow ideal as a holiday let investment. The guide price is £95,000+.

• Lot 52: a barn conversion on Clifton Road in Ashbourne – Andrew Parker which requires a complete scheme of renovation and which has a guide price of £125,000+

GRAHAM is now PENNY

Following our acquisition by the SDL Group earlier this year, Graham Penny Auctions has been integrated into the £60m a year turnover SDL brand and will now be known as SDL Graham Penny. NEW NAME, NEW LOOK, SAME TEAM.

*Each property is subject to a Reserve Price which may be different from the Guide Price. 6 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. Meet the SDL Graham Penny team

The Directors

Andrew Parker Graham Penny Managing Director & Auctioneer Auctioneer The Valuers

Robert Stone Vejay Pal Carl Finch Senior Valuer Senior Valuer Senior Valuer

The Auctions Team

Abigail Selwood Ruth Allen Laura Annable Naomi Fearn Operations Manager PA to Vejay Pal Auction Negotiator Auction Negotiator

Alison Jeffery Jayne Harrison Emma Holness Sarah Miles PA to Andrew Parker Auction Negotiator Auction Negotiator Auction Negotiator

Rachael Parker Sam Rashid Chrissie Walker Emily Waterland Auction Negotiator Auction Negotiator Head of Marketing & PR Auction Negotiator

www.sdlgrahampenny.co.uk | 7 Order of Sale & *Guide Prices

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue.

1 25 Cambridge Street, Spondon, Derby £65,000+ 36 18 New Street, South Normanton, Alfreton, Derbyshire £59,000+

2 52 Moss Street, Derby £57,000+ 37 219 Nottingham Road, Somercotes, Alfreton, Derbyshire 3 5 Dickinson Street, Wilmorton, Derby £65,000+ £39,000+

4 29 Kitchener Avenue, Derby £65,000+ 38 8 Sleetmoor Lane, Somercotes, Alfreton, Derbyshire £55,000+ 5 84 Caxton Street, Sunnyhill, Derby £55,000+ 39 92-94 Nottingham Road, Somercotes, Alfreton, Derbyshire 6 192 Woods Lane, Derby £35,000+ £110,000+ 7 5 Westbury Street, Derby £59,000+ 40 Alpha House, George Street, Alfreton, Derbyshire £130,000+ 8 65 Cedar Street, Derby £85,000+ 41 32 Milton Avenue, Alfreton, Derbyshire £59,000+ 9 Flat 6, 46 Hartington Street, Derby £27,000+ 42 Development site at Rectory Road, Clowne, Chesterfield, 10 Flat 7, 46 Hartington Street, Derby £27,000+ Derbyshire £95,000+ 11 72 Newdigate Street, Derby £45,000+ 43 Land adj 10 Jackson Avenue, Sandiacre, Nottinghamshire 12 168 Balfour Road, Derby £81,000+ £45,000+ 13 1 Harriet Street, Derby £120,000+ 44 Flat One, White Hart Court, King Street, Market Rasen, 14 Land and Garages adjacent to 45 & 47 Mount Street, Derby £45,000+ Lincolnshire £35,000+

15 Flat One, Five Lamps Court, Kedleston Street, Derby £35,000+ 45 Flat 4, 95 St. Andrews Road, Northampton £68,000+

16 Residential Development Site, Park Street, Burton on Trent, 46 2 Hillside Road, Carharrack, Redruth, Cornwall £68,000+ Staffordshire £58,000+ 47 First and Second Floor, Bank House, 8 Mill Street, Cannock, 17 40 New Street, Burton on Trent, Staffordshire £75,000+ Staffordshire £130,000+ 18 224 Stafford Street, Burton on Trent, Staffordshire £55,000+ 48 Ground Floor, Bank House, 8 Mill Street, Cannock, Staffordshire 19 46 Hill Street, Stapenhill, Burton on Trent, Staffordshire £140,000+ £165,000+ 49 15 Woodford End, Chadsmoor, Cannock, Staffordshire £50,000+ 20 14 Elm Drive, Hilton, Derbyshire £85,000+

21 17 Rutland Avenue, Borrowash, Derby £115,000+ 50 Building Plot adjacent to 190 Old Road, Bignall End, Stoke on Trent, Staffordshire £40,000+ 22 252 Derby Road, Chellaston, Derby £130,000+

23 24 Burdock Close, Oakwood, Derby £97,000+ 51 Cuckoowell Lodge, Bradley in the Moors, Alton, Staffordshire £95,000+ 24 8 Farm Street, Derby £75,000+

25 Building Plot at 9 Dukes Place, Ilkeston, Derbyshire £50,000+ 52 Barn Conversion, Clifton Road, Clifton, Ashbourne, Derbyshire £125,000+ 26 Development Site to the rear of The Derby Arms, 37 High Street, Heanor, Derbyshire £36,000+ 53 58 Mayfield Road, Ashbourne, Derby, Derbyshire £100,000+ 27 53 Wilmot Street, Heanor, Derby, Derbyshire £95,000+ 54 190 Crich Common, Fritchley, Belper, Derbyshire £145,000+ 28 14a Laund Hill, Belper, Derbyshire £80,000+ 55 Chapel House, 27-31 Chapel Street, Bramcote, Nottinghamshire 29 2 Park View, Dungreave Avenue, Darley Dale, Matlock, Derbyshire SOLD PRIOR £78,000+

30 Development Site, Luke Avenue, Cassop, Durham, County 56 13-19 Chatsworth Street, Derby £150,000+ Durham £22,000+ 57 55 Havelock Road, Derby £62,000+ 31 Land adjoining 86 Norman Road, Ripley, Derbyshire £39,000+ 58 30 Boylestone Road, Littleover, Derby £78,000+ 32 75 & 75a Derby Road, Ripley, Derbyshire £38,000+ 59 22 Princes Drive, Littleover, Derby £145,000+ 33 77 & 77a Derby Road, Ripley, Derbyshire £38,000+

34 17 Lyncroft Avenue, Ripley, Derbyshire £75,000+ 60 32 Lawn Heads Avenue, Littleover, Derby £140,000+

35 93 Jessop Street, Codnor, Ripley, Derbyshire £95,000+ 61 19 Lawn Heads Avenue, Littleover, Derby £170,000+

8 | www.sdlgrahampenny.co.uk LOT 1 25 CAMBRIDGE STREET, SPONDON, DERBY DE21 7PZ

A three bedroomed semi-detached house with the benefit of double glazing and gas central heating but otherwise requiring a scheme of improvements. The property is well positioned for he A52 and local shops.

ACCOMMODATION: Ground Floor: Entrance lobby, lounge, breakfast kitchen, rear lobby, bathroom. First Floor: Landing, three bedrooms. Outside: Car standing space to front. Enclosed garden to rear backing onto an open field. We feel there is potential for an extension (subject to the usual planning consents).

ENERGY EFFICIENCY RATING: E

TENURE: Freehold

VACANT POSSESSION ON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880 For identification purposes only. Not to scale.

*GUIDE PRICE £65,000+ For identification purposes only. Not to scale.

LOT 2 52 MOSS STREET, DERBY DE22 3WE

A well maintained, uPVC double glazed and gas centrally heated two double bedroomed mid-terraced property situated close to local shops and park, in very popular and convenient location ideal for renting.

ACCOMMODATION: Ground Floor: Through lounge/dining room, kitchen. First Floor: Landing, two bedrooms, bathroom. Outside: Yard and gadren to the rear.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £57,000+ For identification purposes only. Not to scale.

VIEWINGS We hold regular group viewings on our properties. If you are interested in attending a viewing please call the office on 01332 242 880

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 9 LOT 3 5 DICKINSON STREET, WILMORTON, DERBY DE24 8WJ

A three double bedroomed mid-terraced property situated within easy reach of Pride Park and the City centre which could potentially be converted into two one bed self-contained flats subject to the usual planning consents. The accommodation has the benefit of sealed unit uPVC double glazing but otherwise requires a scheme of refurbishment.

ACCOMMODATION: Ground Floor: Entrance vestibule, entrance hallway, dining room, lounge, kitchen. First Floor: Landing, three bedrooms, bathroom. Outside: Enclosed rear yard.

ENERGY EFFICIENCY RATING: F

TENURE: Freehold VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £65,000+ For identification purposes only. Not to scale.

LOT 4 29 KITCHENER AVENUE, DERBY DE23 8WH

A three bedroomed semi-detached house occupying an established and convenient residential location. The property benefits from double glazing and gas central heating however a scheme of improvements are required. Excellent investment opportunity.

ACCOMMODATION: Ground Floor: Entrance hall, lounge, kitchen diner, bathroom. First Floor: Landing, three bedrooms. Outside: Front and rear gardens.

ENERGY EFFICIENCY RATING: Awaited

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £65,000+ For identification purposes only. Not to scale.

LOT 5 84 CAXTON STREET, SUNNYHILL, DERBY DE23 8BE

Investment opportunity - A three bedroomed mid-town house situated in an established location currently let and producing £4,800 p.a.

ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Entrance hall, lounge, kitchen. First Floor: Landing, three bedrooms, bathroom. Outside: Gated access with car standing space, rear garden.

Tenancy details The property is let and produces £400 per calendar month (£4,800 p.a.). ENERGY EFFICIENCY RATING: Awaited TENURE: Freehold SUBJECT TO TENANCY VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £55,000+ For identification purposes only. Not to scale.

*Each property is subject to a Reserve Price which may be different from the Guide Price. 10 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. Auction ÀQDQFH

Decisions on the spot…

With an expert team and all-together different approach to lending, we look at your individual situation to get you the right decision, right away.*

• Pre-approved funding available • Flexible terms - 3,6,9,12 months • Free valuation and legal scheme • Employed, self employed, limited companies, LLPs, sole traders, and partnerships accepted

For on the spot decisions you can rely on, call us on 0161 933 7155, visit us at WRJHWKHUPRQH\FRPDXFWLRQÀQDQFH or speak to us at auction.

Residential and commercial, first and second charge mortgages | Buy-to-let * We can make in principle Bridging finance | Auction finance decisions on the same day

Any property used as a security, including your home, may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. LOT 6 192 WOODS LANE, DERBY DE22 3UE

An excellent opportunity to acquire a purpose built one bedroomed flat with parking currently let and producing £3,720 p.a. The property is positioned towards the end of Woods Lane with well kept communal gardens and parking. ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise – Entrance hall, bed-sitting room, kitchen, bathroom. Outside: Communal grounds and parking. TENANCY DETAILS: The property is let producing £310 pcm (£3,720 p.a.) ENERGY EFFICIENCY RATING: Awaited TENURE: Leasehold SUBJECT TO TENANCY VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £35,000+ For identification purposes only. Not to scale.

LOT 7 5 WESTBURY STREET, DERBY DE22 3PP

RESIDENTIAL INVESTMENT OPPORTUNITY - A two bedroomed mid-terraced property currently let and producing an income of £5,400 per annum.

ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Two reception rooms, kitchen. First Floor: Two bedrooms, bathroom. Outside: Rear garden.

Tenancy Details: The property is let and producing £450 pcm (£5,400 per annum).

ENERGY EFFICIENCY RATING: Awaited TENURE: Freehold SUBJECT TO TENANCY VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £59,000+ For identification purposes only. Not to scale.

LOT 8 65 CEDAR STREET, DERBY, DERBYSHIRE DE22 1GE

RESIDENTIAL INVESTMENT - A two bedroomed mid-terraced property well positioned for Derby University and the City centre, let and producing £4,984.80 per annum and which offers scope for increase. ACCOMMODATION: The auctioneers have not inspected the property internally but believe it to comprise - Ground Floor: Two reception rooms, fitted kitchen. First Floor: Two bedrooms, bathroom. Outside : Garden to rear TENANCY DETAILS: The property is let at £415.50 pcm (£4,984.80 p.a.) ENERGY EFFICIENCY RATING: Awaited TENURE: Freehold SUBJECT TO TENANCY VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £85,000+ For identification purposes only. Not to scale.

*Each property is subject to a Reserve Price which may be different from the Guide Price. 12 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 9 FLAT 6, 46 HARTINGTON STREET, DERBY DE23 8EA

Occupying a tree lined avenue close to the City centre and intu shopping centre, a one bedroomed second floor flat requiring a scheme of improvements.

ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise – Ground Floor: Communal Entrance with stairs leading to - Second Floor: Lounge, kitchen area, separate bedroom, shower room/wc.

ENERGY EFFICIENCY RATING: D

TENURE: Leasehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £27,000+ For identification purposes only. Not to scale.

LOT 10 FLAT 7, 46 HARTINGTON STREET, DERBY DE23 8EA

Occupying a tree lined avenue close to the City centre and intu shopping centre, a one bedroomed third floor flat requiring a scheme of improvements.

ACCOMMODATION: Ground Floor: Communal entrance with staircase leading to - Third Floor: Lounge with kitchen area, separate bedroom and shower room/wc

ENERGY EFFICIENCY RATING: E

TENURE: Leasehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £27,000+ For identification purposes only. Not to scale.

Entries are now invited for our next Derby auction Wednesday 7th December 2016 Please call 01332 242 880 for a FREE valuation GRAHAM PENNY www.sdlgrahampenny.co.uk

Investment opportunity - A two bedroomed mid-terraced property in need of refurbishment/renovation currently let at £83 per week. The property is situated in an established and convenient location being well positioned for several retail parks and the City centre.

ACCOMMODATION: Ground Floor: Dining room, lounge, kitchen. First Floor: Two bedrooms, bathroom. Outside: Rear garden.

ENERGY EFFICIENCY RATING: F

TENURE: Freehold

SUBJECT TO TENANCY

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £45,000+ For identification purposes only. Not to scale.

LOT 12 168 BALFOUR ROAD, DERBY DE23 8UQ

A spacious and modern three bedroomed semi-detached house occupying a cul-de-sac location. The property has well proportioned and maintained living accommodation with the benefit of uPVC double glazing and gas central heating. ACCOMMODATION: Ground Floor: Entrance hall, guest cloakroom, lounge, kitchen diner. First Floor: Landing, three bedrooms, bathroom. Outside: Low maintenance front and rear gardens. ENERGY EFFICIENCY RATING: C TENURE: Freehold. Service Charge - £214.36 p.a. Management Fee - £32.34 p.a. VAT on Management - £6.47 p.a. Please Note - The property has solar panels installed and there are legal obligations for any potential purchaser who has to take on the remaining term of the lease (currently 20 years) - please refer to the legal documents. VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £81,000+ For identification purposes only. Not to scale.

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For those who are not already on our email alert system, please send an email to [email protected] for updates on properties, catalogues, auction results and more!

GRAHAM PENNY www.sdlgrahampenny.co.uk

*Each property is subject to a Reserve Price which may be different from the Guide Price. 14 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. Another opportunity GRAHAM to sell your home PENNY under the hammer.

OUR FIRST STOKE AUCTION

Call us today for a FREE valuation and sell your home under the hammer

01782 481 232 www.sdlgrahampenny.co.uk LOT 13 1 HARRIET STREET, DERBY DE23 8EQ

A substantial freehold investment property comprising a former church with ground floor meeting room and residential accommodation above with adjacent two bedroomed terraced house.

There are two staircases at the property so it could easily be converted back to provide one terraced house with further accommodation and subject to obtaining the necessary planning consents could quite easily be converted to provide self-contained flats or indeed a house of multiple occupation.

ACCOMMODATION: Ground Floor: Entrance hall, kitchen, male and female toilets, two meeting rooms. First Floor: Landing, three bedrooms, bathroom.

ENERGY EFFICIENCY RATING: Awaited

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION For identification purposes only. Not to scale.

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £120,000+

VALUE, SERVICE, EXPERIENCE “We have a depth of knowledge and experience that is difficult to match and you will be surprised at our attitude and cost” John Beighton

4 Victoria Street, Derby DE1 1EQ Tel: 01332 346430 Castle Cavendish, Dorking Road, Nottingham NG7 5PN Tel: 0115 8962345 www.beightons.com

OPEN SATURDAYS

*Each property is subject to a Reserve Price which may be different from the Guide Price. 16 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 14 LAND AND GARAGES ADJACENT TO 45 & 47 MOUNT STREET, DERBY DE1 2HH

An excellent opportunity to acquire ten lock-up garages located close to the City centre and Normanton Road. The site which extends to approx 466 sq. metres could allow itself to be a potential building plot subject to the usual planning consents.

TENANCY DETAILS: We are informed by the seller that the garages are producing an approximate annual income of £662.76.

TENURE: Freehold

PART LET; PART VACANT

VIEWING ARRANGEMENTS: Direct on site or enquiries to the auctioneers - 01332 242880.

*GUIDE PRICE For identification purposes only. £45,000+ Not to scale. FFoorr iidentifitificacatitionon pu purposesrposes onl yon. Nloyt. tNo oscat tloe. scale.

LOT 15 FLAT ONE, FIVE LAMPS COURT, KEDLESTON STREET, DERBY DE1 3JW

A one bedroomed first floor flat in need of refurbishment, enjoying a highly convenient location which is popular with first time buyers and landlords and represents an excellent investment opportunity.

ACCOMMODATION: Ground Floor: Communal entrance hall. First Floor: Private entrance hall, shower room, kitchenette, lounge through diner, bedroom. Outside: Communal grounds.

ENERGY EFFICIENCY RATING: E

TENURE: Leasehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £35,000+ For identification purposes only. Not to scale.

LOT 16 RESIDENTIAL DEVELOPMENT SITE, PARK STREET, BURTON, STAFFS DE14 3SW

A superb residential development site extending to 0.01 acres with planning permission granted for the erection of one pair of three bedroomed semi-detached dwellings situated in a pleasant and convenient cul-de-sac location.

Planning Details Planning permission was granted on 16/05/2016 for the erection of one pair of semi-detached dwellings under application number P/ 2015/01451. Further enquiries can be made of East Staffordshire Borough council Planning Department on 01283-508000.

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

JOINT AUCTIONEERS: Rushton Hickman Limited, 186 Horninglow Street, Anson Court, Burton on Trent, Staffs DE14 1NG - telephone 01283-517747.

For identification purposes only. *GUIDE PRICE £58,000+ Not to scale. FFoor ri denidentifitificacatitionon pu purposesrposes on onlyly. .N Noott t too sca scalele..

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 17 LOT 17 40 NEW STREET, BURTON ON TRENT, STAFFS DE14 3QW

A freehold two storey take-away premises offering potential to be split into separate ground floor retail unit with a self-contained apartment above subject to the usual planning consents. The property is located just on the fringe of Burton town centre in an area of mixed retail and leisure uses with excellent road network connections. Superb investment opportunity.

The substantial premises which have planning consent for A5 hot food takeaway rarely become available at such an attractive guide price offering such huge and exciting potential.

ACCOMMODATION: Ground Floor: Sales/Kitchen area, preparation area. First Floor: Four separate rooms, bathroom.

ENERGY EFFICIENCY RATING: E

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION For identification purposes only. Not to scale. JOINT AUCTIONEERS: Rushton Hickman Limited, 186 Horninglow Street, Anson Court, Burton on Trent, Staffs DE14 1NG – telephone 01283-517747.

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £75,000+

LOT 18 224 STAFFORD STREET, BURTON ON TRENT, STAFFS ST14 2QS

EXCELLENT INVESTMENT OPPORTUNITY - A three bedroomed mid-terraced property let on an assured shorthold tenancy producing £550 per calendar month, situated in an established residential location close to the town centre. ACCOMMODATION: Ground Floor: Lounge, inner lobby, dining room, kitchen, rear lobby, bathroom. First Floor: Passaged landing, three bedrooms. Outside: Garden to rear. TENANCY DETAILS: The property is let on an assured shorthold tenancy producing £550 pcm (£6,600 p.a.) ENERGY EFFICIENCY RATING: E TENURE: Freehold SUBJECT TO TENANCY VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £55,000+ For identification purposes only. Not to scale.

VIEWINGS

We hold regular group viewings on our properties. If you are interested in attending a viewing please call the office on 01332 242 880

*Each property is subject to a Reserve Price which may be different from the Guide Price. 18 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 19 46 HILL STREET, STAPENHILL, BURTON ON TRENT, STAFF DE15 9LB

For identification purposes only. Not to scale.

A four bedroomed semi-detached property with en-suite which occupies a corner plot having the potential for a building plot subject to the necessary planning consents. The property has ample parking, four garages and former Post Office which could be converted into annexe (stpc).

ACCOMMODATION: Main Residence Accommodation - Ground Floor: Entrance hall, front sitting room, kitchen diner. First Floor: Landing, master bedroom, en-suite bathroom, three further bedrooms, family bathroom. Post Office Accommodation- Ground Floor: Long corridor, guest cloakroom, separate store room, shop (T-shaped). Outside: Prominent corner plot position with established formal garden mainly laid to lawn. Adjoining gated driveway providing car standing space for comfortably seven vehicles leading to four adjoining garages, three open plan with up and over doors and adjoining garage to the main residence For identification purposes only. Not to scale. with double doors.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £165,000+

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 19 LOT 20 14 ELM DRIVE, HILTON, DERBYSHIRE DE65 5GS

A two bedroomed dormer style property situated in quiet cul-de- sac location. The property has the benefit of double glazing and gas central heating however there is a scheme of improvements required. John Port School catchment area. Excellent investment opportunity.

ACCOMMODATION: Ground Floor: Side entrance hall, lounge, kitchen diner. First Floor: Two bedrooms, bathroom. Outside: Driveway, single garage, front and rear gardens.

ENERGY EFFICIENCY RATING: E

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £85,000+ For identification purposes only. Not to scale.

LOT 21 17 RUTLAND AVENUE, BORROWASH, DERBY DE72 3JF

A spacious three bedroomed semi-detached property occupying a substantial plot with potential to extend (stpc). Situated within a popular residential location within easy reach of a full range of local amenities.

ACCOMMODATION: Ground Floor: Entrance hall, lounge, kitchen, dining room. First Floor: Landing, three bedrooms, bathroom. Outside: Garden to front with off road parking. Garden to rear and two brick built stores to side.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £115,000+ For identification purposes only. Not to scale.

GRAHAM is now PENNY

*Each property is subject to a Reserve Price which may be different from the Guide Price. 20 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. GRAHAM PENNY

Sell your property on our new online auction in 4 simple steps.

1 2

Get in touch with us Choose an auction date on 01332 242 880 for that suits you, putting the a free market appraisal power in your hands. 3 4

Set a reserve price, sit Exchange immediately back and watch the bids and complete on your come in. property within 28 days

www.sdlgrahampenny.co.uk LOT 22 252 DERBY ROAD, CHELLASTON, DERBY DE73 6RU

A stylish modern three bedroomed semi-detached house arranged over three floors situated within the noted Chellaston Secondary school catchment area. Parking and garage located to the rear. Excellent investment opportunity.

ACCOMMODATION: Ground Floor: Entrance hall, guest cloakroom, lounge, spacious kitchen diner. First Floor: Landing, principal bedroom, bedroom two and family bathroom. Second Floor: Attic room/bedroom three (restricted height). Outside: Gardens to front and rear. Parking and garage located to the rear.

ENERGY EFFICIENCY RATING: Awaited

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: (FRoear idenr etifilecavtiaonti on)purposes only. Not to scale. By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £130,000+ For identification purposes only. Not to scale.

MOVING HOUSE? Get a free quote by calling our Conveyancing team in Derby: 01332 340 211 or in Ashbourne: Your first choice law firm 01335 342 208 Flint Bishop Solicitors

Your home is likely to be one of the We do not charge any administration largest assets you’ll ever own, which is fees and you will always be kept in the why you’ll want to be reassured that if loop during your transaction. you were to buy or sell a property, that Discover the difference of a multi-award you’ll be dealing with experts in their field. winning law firm at prices you can Independent research voted Flint Bishop afford. as the most popular conveyancing firm in Derbyshire, coupled with excellent For more information and a free no customer service - which evidences that obligation quote, call our Residential we always put your needs at the heart of Conveyancing team on: our advice. This is something we have been doing for over a century. Derby: 01332 340 211 or Ashbourne: 01335 342 208

Jane Aves Senior Conveyancer

www.flintbishop.co.uk

*Each property is subject to a Reserve Price which may be different from the Guide Price. 22 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 23 24 BURDOCK CLOSE, OAKWOOD, DERBY DE21 2BX

A three bedroomed mid-town house that requires minor refurbishment tucked away in an extremely popular cul-de-sac location within the sought after suburb of Oakwood. Excellent investment opportunity.

ACCOMMODATION: Ground Floor: Entrance lobby, front sitting room, kitchen diner. First Floor: Landing, three bedrooms, bathroom. Outside: Low maintenance front and rear gardens. Communal parking area to the rear.

Please Note – The property has solar panels installed and there are legal obligations for any potential purchaser who has to take on the remaining term of the lease (currently 20 years) – please refer to the legal documents for further information.

ENERGY EFFICIENCY RATING: C

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION For identification purposes only. Not to scale.

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £97,000+ For identification purposes only. Not to scale.

HOUSE SALE OR HOUSE PURCHASE? This can be one of life’s most stressful experiences and whether you’re looking for your first home or moving for the second time you need a good lawyer. At Eddowes Waldron we know that we are working for you to ensure that your move takes place as quickly efficiently and most importantly, smoothly as possible. When searching for the right solicitors choose Eddowes Waldron for a caring and professional service. Eddowes Waldron Solicitors 12 St Peter’s Churchyard DERBY DE1 1TZ Tel: 01332 348484

A well presented and maintained two bedroomed mid-terraced situated a short distance of the City centre and fashionable Friar Gate area of Derby. Ideal first-time-buy or investment.

ACCOMMODATION: Ground Floor: Lounge through diner, kitchen. First Floor: Landing, two bedrooms, bathroom. Outside: Enclosed gadren to rear.

ENERGY EFFICIENCY RATING: E

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £75,000+ For identification purposes only. Not to scale.

LOT 25 BUILDING PLOT AT 9 DUKES PLACE, ILKESTON, DERBYSHIRE DE7 8QH

A building plot with planning consent approved for the erection of a pair of three bedroomed semi-detached two and a half storey dwellings, located on the fringe of Ilkeston.

ACCOMMODATION: If built in accordance with the approved plans, the accommodation would comprise – Ground Floor: Entrance hall, fitted kitchen, lounge. First Floor: Landing, two bedrooms, family bathroom. Second Floor: Master bedroom with en-suite facility. Outside: Off road parking and enclosed garden to rear PLANNING DETAILS: Planning consent was granted by Erewash Borough Council under reference : ERE/1015/0052. TENURE: Freehold VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £50,000+ For identification purposes only. Not to scale.

LOT 26 DEV. SITE R-O THE DERBY ARMS, 37 HIGH STREET, HEANOR, DERBYS DE75 7EX

A prominent development site situated within easy reach of a full range of local amenities with the benefit of outline planning consent for residential development. Excellent opportunity for a builder/developer.

Planning Details: Planning consent was granted on 26th July 2016 under application number AVA/2016/0506.

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: Direct on site or enquiries to the auctioneers - 01332 242880

*GUIDE PRICE £36,000+ FFoorr i denidentifitificacatitionon pu purrposesposes on onllyy. . NNoott ttoo scascallee..

*Each property is subject to a Reserve Price which may be different from the Guide Price. 24 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 27 53 WILMOT STREET, HEANOR, DERBYSHIRE DE75 7EF

A freehold investment opportunity to acquire a former Co-op two storey building situated on a prominent corner plot position and located within short walking distance of Heanor town centre.

ACCOMMODATION: Ground Floor: Large storage area, inner lobby. First Floor: Large storage area, toilets, further storage space, numerous offices. Outside: Gated access to the rear, car standing space for approx. 7 vehicles.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £95,000+ For identification purposes only. Not to scale.

LOT 28 14A LAUND HILL, BELPER, DERBYSHIRE DE56 1FH

A rare and exciting opportunity to acquire a brick and stone built property located within walking distance of Belper town centre that has planning permission approved for change of use from two ancillary buildings into one substantial residential dwelling.

EXISTING ACCOMMODATION: Ground Floor: Lounge (former shop), kitchen, shower room. Adjoining Two Storey Stone Built Building: Accommodation measuring 20’7” x 9’7” approx. Outside: Ample off road parking and elevated private garden.

PLANNING DETAILS: Planning permssion was granted by Amber Valley Borough Council under reference AVA/2016/0647 on 17th August 2016.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION ON COMPLETION For identification purposes only. Not to scale. VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £80,000+ For identification purposes only. Not to scale.

VIEWINGS

We hold regular group viewings on our properties. If you are interested in attending a viewing please call the office on 01332 242 880

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 25 LOT 29 2 PARK VIEW, DUNGREAVE AVENUE, DARLEY DALE, MATLOCK, DERBYS DE4 2HZ

Superb investment opportunity in a highly desirable rural location - A charming stone built three bedroomed, three storied cottage which requires a comprehensive scheme of improvements throughout. The accommodation benefits from double glazing and gas central heating.

Darley Dale is an extremely pleasant semi-rural village location situated close to the River Derwent and has an excellent range of amenities and is located just under 4 miles away from the historic spa town of Matlock and the renowned worldwide famous Chatsworth House.

ACCOMMODATION: Ground Floor: Lounge, inner lobby, dining room, kitchen. First Floor: Landing, two bedrooms, bathroom. Second Floor: Landing leading to attic bedroom. Outside: Foregarden with potential space for a driveway/car standing space (stpc). Generous sized enclosed rear garden.

ENERGY EFFICIENCY RATING: F For identification purposes only. Not to scale. TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £78,000+ For identification purposes only. Not to scale.

Nelsons Solicitors Derby | Leicester | Nottingham

Nelsons has one of the largest residential conveyancing practices in the East Midlands helping hundreds of families move home each year. Going. We are accredited members of the Connvveyancing Quality Scheme which is a recognised Law Society standard for providing a high quality and efﬁcient connvveyancing service. If you are selling a property at auction and would like details of our ﬁxed-price pre-sale pack, please contact our Going. specialist auction property lawyers. Gone!

call 0800 328 6410 or email [email protected]

*Each property is subject to a Reserve Price which may be different from the Guide Price. 26 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 30 DEVELOPMENT SITE, LUKE AVENUE, CASSOP, DURHAM DH6 4RD

RESIDENTIAL DEVELOPMENT OPPORTUNITY - A residential development site in village location with detailed planning consent for a pair of three bedroomed semi-detached houses with garages.

PLANNING DETAILS: Planning was granted by Durham County Council on 19th March 2014 under reference DM/14/00035/OUT.

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE For identification purposes only. FNoro itden to tifiscacaleti.on purposes only. Not £22,000+ to scale. For identification purposes only. Not to scale.

LOT 31 LAND ADJOINING 86 NORMAN ROAD, RIPLEY, DERBYSHIRE DE5 3GN

An opportunity to acquire a substantial site with lapsed planning permission for the construction of two semi-detached bungalows. Excellent potential.

PROPOSED ACCOMMODATION: If built in accordance with the plans, the properties would both offer two bedroomed accommodation, living room, kitchen and bathroom. Externally there is forecourt parking (shared access) and an easily maintained rear garden.

PLANNING DETAILS: The site has previously been granted consent for a pair of semi detached bungalows by Amber Valley Borough Council under reference AVA/2012/1052 dated 24th January 2013.

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: Direct on site or enquiries to the auctioneers - 01332 242880 FFoor riden identifitificacationtion pu rpuposesrposes onl yon. Nlyo.t Ntoo scat tole sca. le.

*GUIDE PRICE £39,000+ For identification purposes only. Not to scale.

VIEWINGS

We hold regular group viewings on our properties. If you are interested in attending a viewing please call the office on 01332 242 880

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 27 LOT 32 75 & 75A DERBY ROAD, RIPLEY, DERBYSHIRE DE5 3HS

End terraced property converted into two flats, each flat with one bedroom. Requires some internal refurbishment. Excellent investment opportunity with potential rental income of £8,400pa.

ACCOMMODATION: Ground Floor: Flat with lounge, kitchen, bedroom and bathroom. First Floor: Flat with lounge, kitchen, bedroom and bathroom.

ENERGY EFFICIENCY RATING: 75 - G; 75a - E

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £38,000+ For identification purposes only. Not to scale.

LOT 33 77 & 77A DERBY ROAD, RIPLEY, DERBYSHIRE DE5 3HS

A mid-terraced property converted into two flats, each flat with one bedroom. Requires some internal refurbishment. Excellent investment opportunity with potential rental income of £8,400pa.

ACCOMMODATION: Ground Floor: Flat with lounge, kitchen, bedroom and bathroom. First Floor: Flat with lounge, kitchen, bedroom and bathroom.

ENERGY EFFICIENCY RATING: 77 - D; 77a - D

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £38,000+ For identification purposes only. Not to scale.

LOT 34 17 LYNCROFT AVENUE, RIPLEY, DERBYSHIRE DE5 3BB

A bay fronted three bedroomed semi-detached house benefiting from majority gas central heating and part uPVC double glazing but otherwise in need of a comprehensive scheme of improvements throughout. Potential for an extension (stpc).

ACCOMMODATION: Ground Floor: Recessed porch, entrance hall, lounge, dining room, kitchen, rear lobby. First Floor: Landing, three bedrooms, family bathroom. Outside: Small garden to front and generous sized enclosed garden to rear. ENERGY EFFICIENCY RATING: Awaited TENURE: Freehold VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £75,000+ For identification purposes only. Not to scale.

*Each property is subject to a Reserve Price which may be different from the Guide Price. 28 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 35 93 JESSOP STREET, CODNOR, RIPLEY, DERBYSHIRE DE5 9RP

A three bedroomed semi-detached house situated in a popular residential location having spacious driveway providing ample off street parking and garage space to the rear (stpc).

ACCOMMODATION: Ground Floor: Entrance hall, through lounge/dining room, fitted kitchen. First Floor: Landing, shower room, three bedrooms. Outside: Gardens to front and rear, ample off road parking and space for garage (stpc).

ENERGY EFFICIENCY RATING: E

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £95,000+ For identification purposes only. Not to scale.

LOT 36 18 NEW STREET, SOUTH NORMANTON, ALFRETON, DERBYSHIRE DE55 2BS

A three bedroomed mid-terraced property offering well maintained and presented living accommodation having the benefit of uPVC double glazing and gas central heating. The property is well positioned for the A38 and M1 motorway.

ACCOMMODATION: Ground Floor: Lounge, dining room, kitchen, bathroom/wc. First Floor: Three bedrooms. Outside: Enclosed low maintenance garden to the rear.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION ON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £59,000+ For identification purposes only. Not to scale.

LOT 37 219 NOTTINGHAM ROAD, SOMERCOTES, AFRETON, DERBYS DE55 4JG

A palisaded two double bedroomed mid-terraced property with the benefit of uPVC double glazing and gas central heating however a comprehensive scheme of improvements is required. Excellent investment opportunity.

ACCOMMODATION: Ground Floor: Lounge, inner lobby, dining room, kitchen, rear lobby, bathroom. First Floor: Landing, two bedrooms. Outside: Small forecourt, rear yard and garden.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £39,000+ For identification purposes only. Not to scale.

AUCTION DEAL LET OR SELL THROUGH US.

From 6% (inc.VAT) per month for Full Management, with no setup fee*

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Or, resell from auction for only 0.75% (inc.VAT)* 01332 242 923

7HUPVDQGFRQGLWLRQVDSSO\7KHPLQLPXPIHHRQVHOOLQJLV (DFK&RIÀFHLV independently owned and operated. QUOTE ‘C21AUCTION’

LET YOUR PROPERTY WITH THE TOP DOG

[email protected] century21uk.com/grahampenny LOT 38 8 SLEETMOOR LANE, SOMERCOTES, ALFRETON, DERBYS DE55 1RB

A two bedroomed mid terraced property with further attic room. The property benefits from gas central heating and majority upvc double glazing. However, is in need of modernisation and improvement. Popular location close to major road networks.

ACCOMMODATION: Ground Floor: Lounge/dining room, kitchen, utility, bathroom, conservatory. First Floor: Landing, two bedrooms. Second Floor: Attic room. Outside: Walled fore garden, enclosed rear garden.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880 For identification purposes only. Not to scale.

*GUIDE PRICE £55,000+ For identification purposes only. Not to scale.

Free expert advice. Exclusive products. MONEYQUEST Flexible appointments.

0141 243 5590 [email protected] Monday - Friday: 9.00am - 5.00pm www.moneyquest.co.uk

*Each property is subject to a Reserve Price which may be different from the Guide Price. 32 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 39 92-94 NOTTINGHAM RD, SOMERCOTES, ALFRETON, DERBYS DE55 4HQ

A substantial two storey bingo hall and two adjoining lock-up sales shops. The total accommodation extends to approximately 691.69 square metres (7,445 sq ft). The bingo hall offers an excellent opportunity for conversion to provide residential accommodation (stpc). Adjacent to the bingo hall are two lock-up shops offering excellent investment opportunity. ACCOMMODATION: Ground Floor: Bingo club, two lock-up sales shops. First Floor: Staff and ancillary accommodation. ENERGY EFFICIENCY RATING: D TENURE: Freehold VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: For identification purposes only. Not to scale.

FFoorr i denidentifitificacatitionon pu purrposesposes on onlyly. .N Noott t too scascallee..

*GUIDE PRICE £110,000+ For identification purposes only. Not to scale.

LOT 40 ALPHA HOUSE, GEORGE STREET, ALFRETON, DERBYSHIRE DE55 7HP

An excellent opportunity to acquire a substantial corner premises arranged over three floors boasting 1,538 sq ft of office space situated within literally yards of the bustling town centre and would allow itself for conversion into luxury apartments (subject to planning consents).

The accommodation offers a high finish and contemporary style office layout including wheelchair friendly facilities, gas central heating and sealed unit uPVC double glazing.

ACCOMMODATION: Ground Floor: Side porch, boiler room, kitchen, office, wheelchair friently wc, toilet, reception office, inner hallway, cellar. First Floor: Five offices (please note offices three, four and five are inter-connected) Second Floor: Attic room.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold For identification purposes only. Not to scale. VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £130,000+ For identification purposes only. Not to scale.

Auction Finance • Rates from 0.45% • Quick turnaround • Up to 75% open market value loans • Loans from £50k to £1million 0121 746 3130 Call us before, during or after the auction signatureprivatefinance.co.uk to arrange your ﬁnance fast.

...putting prroopeerty fifirrsst LOT 41 32 MILTON AVENUE, ALFRETON, DERBYS DE55 7LA

A part uPVC double glazed and gas centrally heated three bedroomed semi-detached house which is in need of a comprehensive scheme of improvements. Conveniently positioned to Alfreton town centre, A38 and M1 motorway

ACCOMMODATION: Ground Floor: Entrance lobby, lounge, breakfast kitchen room, inner lobby, guest cloakroom, bathroom. First Floor: Landing, three bedrooms. Outside: Gardens to front and rear, driveway providing off road parking and acess to garage. ENERGY EFFICIENCY RATING: Awaited TENURE: Freehold VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £59,000+ For identification purposes only. Not to scale.

LOT 42 DEV. SITE AT RECTORY ROAD, CLOWNE, CHESTERFIELD S43 4BH

An attractive residential development site with detailed planning consent approved by Bolsover district Council in 2016 ref: 16/00198/FUL for the erection of six semi detached houses.

Select cul-de-sac development close to the centre of the town with open aspect to rear.

The accommodation will comprise: 4x 3 bedroomed semis and 2x 2 bedroomed semis – each with gardens and parking for 2 cars.

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: Direct on site or enquiries to the auctioneers - 01332 242880

FFoorr iidentdentificatiionon pu purposesrposes on onlyl. yN. otNot to tosca scale. le.

*GUIDE PRICE £95,000+ FFoorr iidentdentificatiionon pu purposesrposes on onlyl. yN. otNot to tosca scale. le.

VIEWINGS

We hold regular group viewings on our properties. If you are interested in attending a viewing please call the office on 01332 242 880

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 35 LOT 43 LAND ADJ 10 JACKSON AVENUE, SANDIACRE, NOTTS NG10 5GA

A parcel of land occupying a prominent corner plot position and having full planning permission for a stylish three bedroomed detached dwelling and parking for two vehicles.

PLANNING DETAILS: Planning permission was granted by Erewash Borough Council under reference ERE/0216/0043 for a three bed detached dwelling.

If built in accordance with the approved plans, the accommodation will consist of -

Ground Floor: Entrance hall, guest cloakroom, front sitting room, open plan living kitchen diner. First Floor: Landing, master bedroom with en-suite shower room, three further bedrooms and a family bathroom. Outside: Enclosed garden to the rear.

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION For identification purposes only. Not to scale. VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £45,000+ For identification purposes only. Not to scale.

Oct 16 MAILING LIST APPLICATION

If you would like to receive auction catalogues please fill in your details below and return it to:

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*Each property is subject to a Reserve Price which may be different from the Guide Price. 36 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 44 FLAT ONE, WHITE HART COURT, KING STREET, MARKET RASEN LN8 3BB

Ideal investment opportunity - Situated close to local amenities and transport links is this two bedroomed ground floor flat currently let out and achieving £325 pcm.

Tenancy details The property is let and achieving £325 pcm on a periodic tenancy which commenced on 6th October 2014.

ENERGY EFFICIENCY RATING: F

TENURE: Leasehold

SUBJECT TO TENANCY

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £35,000+ For identification purposes only. Not to scale.

LOT 45 FLAT 4, 95 ST. ANDREWS ROAD, NORTHAMPTON NN2 6BW

A double glazed and gas centrally heated two bedroomed duplex apartment. Scheme of improvements required. Ideal first time buy or investment.

ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise –

Entrance hall, kitchen, lounge, bathroom, bedroom one with en-suite, bedroom two.

ENERGY EFFICIENCY RATING: C

TENURE: Leasehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £68,000+ For identification purposes only. Not to scale.

Entries are now invited for our next Derby auction Wednesday 7th December 2016 Please call 01332 242 880 for a FREE valuation GRAHAM PENNY www.sdlgrahampenny.co.uk

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 37 LOT 46 2 HILLSIDE ROAD, CARHARRACK, REDRUTH, CORNWALL TR16 5RZ

Located in the village of Carharrack is the opportunity to acquire a two bedroomed terraced property in need of a comprehensive scheme of repairs and improvements.

ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise –

Ground Floor: Kitchen, lounge. First Floor: Bathroom, two bedrooms.

ENERGY EFFICIENCY RATING: Awaited

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £68,000+ For identification purposes only. Not to scale.

LOT 47 FIRST & SECOND FLOOR, BANK HOUSE, 8 MILL ST, CANNOCK WS11 0DL

The top two floors of this Grade II listed property, located on the edge of Cannock Town Centre.

The property is currently arranged as eleven offices, however benefits from full planning permission for conversion into three, two bedroomed flats. There are four allocated parking spaces to rear.

The auctioneers have not inspected the property but believe the existing layout to comprise:

EXISTING ACCOMMODATION: First Floor - Eight offices, male and female wc, kitchen area. Second Floor - Three offices.

If converted in accordance with the planning permission the accommodation would comprise:

Flat One: Two bedrooms, sitting room, bathroom/wc, kitchen/diner. Flat Two: Two bedrooms, sitting room, kitchen, bathroom/wc. Flat Three: Bedroom one, stairs to second floor, bedroom two, sitting room, kitchen, bathroom/wc. For identification purposes only. Not to scale. Outside: Four allocated parking spaces to rear. PLANNING DETAILSs: Planning permission was granted by Cannock Chase Council under reference CH/16/122 on 20 July 2016. ENERGY EFFICIENCY RATING: N/A - Listed building TENURE: Leasehold VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £130,000+ For identification purposes only. Not to scale.

VIEWINGS

We hold regular group viewings on our properties. If you are interested in attending a viewing please call the office on 01332 242 880

*Each property is subject to a Reserve Price which may be different from the Guide Price. 38 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 48 GROUND FLOOR, BANK HOUSE, 8 MILL STREET, CANNOCK WS11 0DL

For identification purposes only. Not to scale.

A ground floor double fronted retail premises forming part of a Grade II listed building. The showroom has been fully renovated and benefits from ten allocated car parking spaces to rear. The property is prominently situated on the main A34 ringway on the edge of Cannock Town Centre.

The auctioneers have not inspected the property but believe it to comprise:

ACCOMMODATION: Ground Floor: Main Retail Area (37'7" frontage), office, customer wc, kitchen area. Outside: Driveway to side leading to rear allocated car parking for 10 vehicles.

ENERGY EFFICIENCY RATING: N/A - Listed building

TENURE: Leasehold For identification purposes only. Not to scale. VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £140,000+ For identification purposes only. Not to scale.

Why sell by online auction?

1 2 3

Exchange faster Set a reserve Sell to motivated than private treaty and get the cash buyers sale price you want 4 5 6

Avoid price National and Flexible marketing negotiation and International and sale periods sale fall throughs marketing

www.sdlgrahampenny.co.uk LOT 49 15 WOODFORD END, CHADSMOOR, CANNOCK, STAFFS WS11 5JQ

A one bedroomed flat located in a modern residential courtyard and is close to all local amenities and facilities. Popular with first time buyers and landlords and represents an excellent investment opportunity.

ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Hall, lounge, kitchen, bathroom, double bedroom.

ENERGY EFFICIENCY RATING: C

TENURE: Leasehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £50,000+ For identification purposes only. Not to scale.

LOT 50 BUILDING PLOT ADJ. 190 OLD ROAD, BIGNALL END, STOKE ON TRENT ST7 8QH

An excellent opportunity to acquire a superb plot with outline consent for one residential property situated in a delightful semi- rural location in the ever popular village of Bignall End within easy reach of the village centre.

PLANNING DETAILS: Planning consent was granted by Newcastle-Under-Lyme Borough Council on 9th September 2016 under application number 16/00582/ OUT for one residential dwelling.

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: Direct on site or enquiries to the auctioneers - 01332 242880

*GUIDE PRICE £40,000+ FFoor ri denidentifitificacatitionon pu purposesrposes on onlyly. .N Noott t too sca scalele..

EMAIL ALERTS

For those who are not already on our email alert system, please send an email to [email protected] for updates on properties, catalogues, auction results and more!

GRAHAM PENNY www.sdlgrahampenny.co.uk

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 41 LOT 51 CUCKOOWELL LODGE, BRADLEY IN THE MOORS, ALTON, STAFFS ST10 4DG

A unique opportunity to acquire a sensibly priced holiday home - A traditionally built two double bedroomed detached bungalow with external wood cladding incorporates a log cabin effect style dwelling. The property enjoys an idyllic and tranquil woodland setting in a former quarry. Internally the well-appointed living accommodation has the benefit of oil fired central heating and uPVC double glazing. Excellent holiday let investment.

ACCOMMODATION: Ground Floor: Entrance hall, open plan living/dining kitchen, two bedrooms, shower room. Outside: Garden with raised decked seating area, off road parking

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

For identification purposes only. Not to scale.

*GUIDE PRICE £95,000+ For identification purposes only. Not to scale.

LOT 52 BARN CONVERSION, CLIFTON ROAD, CLIFTON, ASHBOURNE, DERBYS DE6 2DH

An excellent opportunity to acquire a barn conversion on a site area of approx 0.85 acres with splendid far reaching views and situated just to the north of Clifton village. A scheme of works to complete the project is required and offers excellent potential. ACCOMMODATION: When complete, the property will provide the following accommodation - Ground Floor: Living room, kitchen, cloakroom. First Floor: Landing, two bedrooms, bathroom. PLANNING DETAILS: The barn has the benefit of planning permission granted in November 2014 for the conversion of an agricultural dwelling to a residential home. TENURE: Freehold VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS:

*GUIDE PRICE £125,000+ For identification purposes only. Not to scale.

VIEWINGS

We hold regular group viewings on our properties. If you are interested in attending a viewing please call the office on 01332 242 880

*Each property is subject to a Reserve Price which may be different from the Guide Price. 42 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 53 58 MAYFIELD ROAD, ASHBOURNE, DERBYSHIRE DE6 1AS

A traditional two bedroomed mid-terraced town house occupying a convenient location within level walking distance of the town centre. The property requires a scheme of modernisation and improvement.

ACCOMMODATION: Ground Floor: Entrance hall, cellar, sitting room, dining room, kitchen. First Floor: Landing, two bedrooms, shower room, separate wc. Outside: Small forecourt, paved rear garden.

ENERGY EFFICIENCY RATING: E

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £100,000+ For identification purposes only. Not to scale.

LOT 54 190 CRICH COMMON, FRITCHLEY, BELPER, DERBYSHIRE DE56 2FL

A particularly attractive traditionally built two bedroomed detached house (formerly three bedrooms) offering the potential for a large extension subject to the usual planning consents. Internally there is scope for a scheme of improvements however the property has the benefit of part sealed unit uPVC double glazing.

The sale provides a genuine opportunity for the discerning purchaser looking to acquire a charming family home offering excellent potential and at a very sensible and realistic guide price.

ACCOMMODATION: Ground Floor: Porch, entrance hall, lounge, dining room, kitchen, utility. First Floor: Open plan galleried style landing, two bedrooms, bathroom. Outside: Foregarden, driveway providing off road parking, generous sized enclosed rear garden.

ENERGY EFFICIENCY RATING: G

TENURE: Freehold For identification purposes only. Not to scale.

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £145,000+

VIEWINGS

We hold regular group viewings on our properties. If you are interested in attending a viewing please call the office on 01332 242 880

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 43 Sonia Shortland Associate Director LOT 55 CHAPEL HOUSE, 27-31 CHAPEL STREET, BRAMCOTE, NOTTS NG9 3HB

Charming five double bedroomed extended period detached residence which could be split into a pair of three bed semi- detached houses (stpc), ideally placed for A52, the M1, Long Eaton and Derby. In need of a comprehensive scheme of modernisation and improvement.

ACCOMMODATION: Ground Floor: Entrance hall, guest cloakroom, lounge, separate dining room, study/playroom, breakfast kitchen room First Floor: Landing, five bedrooms, family bathroom, shower room. Outside: Low maintenance fore garden with driveway leading to the larger than average integral garage. Beautiful enclosed rear garden. R ENERGY EFFICIENCY RATING: E I O TENURE: Freehold R VACANT POSSESSION UPON COMPLETION P VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 L242880 D For identification purposes only. Not to scale. S O

*GUIDE PRICE £225,000+ For identification purposes only. Not to scale.

VALUE, SERVICE, EXPERIENCE “We have a depth of knowledge and experience that is difficult to match and you will be surprised at our attitude and cost” John Beighton

4 Victoria Street, Derby DE1 1EQ Tel: 01332 346430 Castle Cavendish, Dorking Road, Nottingham NG7 5PN Tel: 0115 8962345 www.beightons.com

OPEN SATURDAYS

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 45 Another opportunity to sell your home BIGWOOD under the hammer.

OUR FIRST COVENTRY AUCTION

Our ﬁrst auction is on WEDNESDAY, 9th NOVEMBER at The Village Hotel

www.sdlbigwood.co.uk LOT 56 13-19 CHATSWORTH STREET, DERBY DE23 6NR

A retail sales shop and upper floor accommodation which could readily become self-contained. In addition there is a sizeable lock- up yard containing seven/eight lock-up garages and parking spaces, some of which are occupied on an informal arrangement. The yard and garage area would lend itself to an alternative form of development, or additional garages, but interested parties should make their own enquiries of the local planning authority (Derby City Council).

ACCOMMODATION: Ground Floor: Double fronted retail sales shop, inner hall, kitchen. First Floor: Three rooms, bathroom. Outside: Small rear garden area.

Lock-Up Yard: Containing seven/eight garages with two or three parking spaces in addition. We are given to understand that some of the garages and parking spaces are occupied on informal arrangements and generate approx £100 per week. The site may have other building potential (stpc). For identification purposes only. Not to scale.

ENERGY EFFICIENCY RATING: E

TENURE: Freehold

PART LET/PART VACANT

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £150,000+

SURVEYING

HomeBuyer Reports. We can guide you on 0115 951 7520 Building Surveys. which type of survey your [email protected] Specialist Surveys. new property needs... www.sdlsurveying.co.uk

A well presented two double bedroomed palisaded mid-terraced property offering well presented and maintained accommodation. uPVC double glazed and gas centrally heated.

ACCOMMODATION: Ground Floor: Lounge, inner lobby, separate dining room, kitchen. First Floor: Landing, two bedrooms, bathroom. Outside : Small forecourt; enclosed low maintenance garden to rear.

ENERGY EFFICIENCY RATING: E

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £62,000+ For identification purposes only. Not to scale.

LOT 58 30 BOYLESTONE ROAD, LITTLEOVER, DERBY DE23 2PL

A well presented and maintained two double bedroomed end-town house with gas central heating and double glazing. The property occupies a substantial plot offering the potential for extension subject to the usual planning consents.

ACCOMMODATION: Ground Floor: Entrance hall, lounge through diner, kitchen. First Floor: Two bedrooms, bathroom. Outside: Front and rear gardens.

ENERGY EFFICIENCY RATING: D

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £78,000+ For identification purposes only. Not to scale.

LOT 59 22 PRINCES DRIVE, LITTLEOVER, DERBY DE23 6DW

A well maintained and traditionally built two double bedroomed semi-detached house located within the Littleover School catchment area. The property has the benefit of gas central heating and uPVC double glazing. Excellent investment opportunity.

ACCOMMODATION: Ground Floor: Entrance hall, guest wc, sitting room, kitchen, conservatory. First Floor: Two bedrooms, bathroom. Outside: Driveway providing car standing space, generous sized rear garden.

ENERGY EFFICIENCY RATING: C

TENURE: Freehold VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £145,000+ For identification purposes only. Not to scale.

*Each property is subject to a Reserve Price which may be different from the Guide Price. 48 | www.sdlgrahampenny.co.uk For full definitions see the glossary at the back of this catalogue. LOT 60 32 LAWN HEADS AVENUE, LITTLEOVER, DERBY DE23 6DQ

A particularly attractive period three bedroomed semi-detached house situated within a short walk of Village centre and requiring a comprehensive scheme of improvements throughout. Littleover School catchment area.

ACCOMMODATION: Ground Floor: Entrance porch, entrance hall, lounge, dining room, breakfast kitchen, side porch. First Floor: Landing, three bedrooms, bathroom, separate wc. Outside: Front and rear gardens.

ENERGY EFFICIENCY RATING: F

TENURE: Freehold

VACANT POSSESSION UPON COMPLETION

VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £140,000+ For identification purposes only. Not to scale.

LOT 61 19 LAWN HEADS AVENUE, LITTLEOVER, DERBY DE23 6DR

An attractive three bedroomed detached house situated within short level walking distance of the village centre and within the noted Littleover Community School catchment area. The property has the benefit of double glazing but otherwise requires a scheme of repair and improvement.

ACCOMMODATION: Ground Floor: Porch, entrance hall, lounge, conservatory, wc, dining room, breakfast kitchen. First Floor: Landing, three bedrooms, bathroom, separate wc. Outside: Gardens to front and rear. Single detached garage. Potential for extensions (stpc) ENERGY EFFICIENCY RATING: Awaited TENURE: Freehold VACANT POSSESSION UPON COMPLETION VIEWING ARRANGEMENTS: By arrangement with the auctioneers - 01332 242880

*GUIDE PRICE £170,000+ For identification purposes only. Not to scale.

GRAHAM is now PENNY

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue. www.sdlgrahampenny.co.uk | 49 AUCTIONS

Now available!

Coming Soon!

Save time at the registration desk by becoming an SDL Auctions membership card holder in 3 simple steps.

1 2 3

Fill in the registration form We’ll send you a membership Bring your membership card* in the auction room and we’ll card in the post. to our next auction and we’ll take a copy of your ID. simply scan it and give you a bidding card. Auction Results for Thursday 8th September

*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see the glossary at the back of this catalogue.

1 34 Cummings Street, Normanton, Derby £61,000 38 Two Storey Barn at Windley Hill Farm, Wirksworth Road, Duffield, Derbyshire SOLD POST 2 2 Twyford Street, Derby £65,500 39 Single Storey Barn at Windley Hill Farm, Wirksworth Road, 3 8 Crosby Street, Derby SOLD POST Duffield, Derbyshire £219,000 4 94 Clarence Road, Normanton, Derby £79,500 40 Windley Hill Farm, Wirksworth Road, Duffield, Derbyshire 5 70 Pear Tree Street, Normanton, Derby £64,000 UNDER OFFER

6 80 Newdigate Street, Derby SOLD POST 41 The Derby Arms, 37 High Street, Heanor, Derbyshire SOLD POST 7 Land at Dunstall Park Road, Derby £5,000 42 8 Land to the rear of 53 Bedford Street, Derby £28,000 Development Site to the rear of The Derby Arms, 37 High Street, Heanor, Derbyshire RE-ENTRY 9 2D Henry Street, Derby £49,000 43 123-125 Derby Road, Long Eaton, Nottinghamshire SOLD PRIOR 10 25 Stenson Avenue, Sunnyhill, Derby £108,000 44 Morton Guest House, 78 Bondgate, Castle Donington, 11 17 Sinclair Close, Sinfin, Derby WITHDRAWN Derbyshire £200,000

12 4 Harlow Close, Alvaston, Derby £80,000 45 6 Victoria Street, Burton on Trent, Staffordshire AVAILABLE 13 £55,000 81 King Street, Burton on Trent, Staffordshire 46 77 Reservoir Road, Shobnall, Burton on Trent, 14 Former Chapel Premises & Children's Centre, Mount Pleasant Staffordshire SOLD POST £134,000 Road, Church Gresley, Swadlincote, Derbyshire 47 The Acorns, Callingwood, Needwood, Burton on Trent, 15 St. Stephens Church Hall, Moira Road, Woodville, Staffordshire AVAILABLE Swadlincote, Derbyshire £67,000 48 180 Horninglow Street, Burton on Trent, Staffordshire £154,000 16 55 Manor Road, Stanton, Burton on Trent, Staffordshire 49 14 Ashby Road, Burton on Trent, Staffordshire £500,000 £100,000 50 1 Wilson Street, Derby £275,000 17 2 Winston Close, Coventry, Warwickshire SOLD POST 51 59 Osmaston Road, Derby £114,000 18 76 Hoylake Drive, Farcet, Peterborough, Northamptonshire £138,000 52 86-88 St. Thomas Road, Derby SOLD POST

19 260 Werrington Road, Bucknall, Stoke on Trent, 53 42-44 Harrington Street, Derby WITHDRAWN POST Staffordshire WITHDRAWN POST 54 70 Stanton Road, Ilkeston, Derbyshire £96,500 20 1 Conrad Close, Meir Hay, Stoke on Trent, Staffordshire £104,000 55 52 Lord Haddon Road, Ilkeston, Derbyshire AVAILABLE 21 70 Hawthornden Avenue, Uttoxeter, Staffordshire £150,000 56 49 Watkinson Street, Heanor, Derbyshire £66,000 22 95 High Street, Uttoxeter, Staffordshire SOLD PRIOR 57 59 Loscoe Denby Lane, Heanor, Derbyshire £101,000 23 107 Mayfield Road, Ashbourne, Derbyshire £110,000 58 76 Loscoe Denby Lane, Loscoe, Heanor, Derbyshire £222,000 24 70 Highfield Road, Ashbourne, Derbyshire SOLD POST 59 229 Derby Road, Denby, Ripley, Derbyshire £125,000 25 2 Hoptonwood Close, Middleton by Wirksworth, Matlock, Derbyshire £121,000 60 Chapel House, 27-31 Chapel Street, Bramcote, Nottinghamshire AVAILABLE 26 43 Saltash Close, Brookvale, Runcorn, Cheshire SOLD POST 61 120 Alfreton Road, Pinxton, Nottinghamshire SOLD POST 27 26 Hollingwood Crescent, Chesterfield, Derbyshire £55,000 62 8 Lindley Street, Selston, Nottinghamshire SOLD PRIOR 28 11 Birchwood Close, South Normanton, Alfreton, Derbyshire £50,000 63 50 Farnsworth Grove, Huthwaite, Nottinghamshire £87,000

29 18 New Street, South Normanton, Alfreton, Derbyshire 64 1 Thornton Street, Sutton in Ashfield, Nottinghamshire £61,500 WITHDRAWN 65 Meadow View, Flagshaw Lane, Kirk Langley, Derbys AVAILABLE 30 50 Market Street, South Normanton, Alfreton, Derbyshire 66 £98,000 AVAILABLE 4 Well Yard, Holbrook, Derbyshire 31 162 Alfreton Road, Newton, Alfreton, Derbyshire £151,500 67 Building Plot to the rear of 397-399 Burton Road, Derby AVAILABLE 32 31-32 South Street, Riddings, Alfreton, Derbyshire AVAILABLE 68 20 Louvain Road, Derby £326,000 33 72 Mansfield Road, Alfreton, Derbyshire SOLD POST 69 5 Kingsley Road, Allestree, Derby £192,500 34 13 John Street, Alfreton, Derbyshire £54,000 70 300 Kedleston Road, Derby POSTPONED 35 4 Amber Road, Bullbridge, Ambergate, Belper, Derbyshire SOLD POST 71 35 Trent Avenue, Willington, Derbyshire £145,000 36 6 Moorfield Road, Holbrook, Belper, Derbyshire SOLD POST 72 26 Bendall Green, Littleover, Derbyshire £97,000 37 159 Sandbed Lane, Belper, Derbyshire £178,000 73 5 Glenwood Road, Chellaston, Derby £150,000

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PROPERTY DETAILS

Date of Auction: // Lot Number:

Address of Lot: Proxy Bid : Post Code Maximum By entering a figure in this box it authorises the auctioneer to Telephone Bid : Bid Price: £ bid to this amount on your behalf. In words: Internet Bid :

BIDDER DETAILS BUYERS DETAILS

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I enclose a cheque payable to Graham Penny Auctions or debit/credit card details for the 10% deposit (subject to a minimum of £5,000) plus the Buyers Fee of £750.00 inc. VAT. I attach Banker Draft/ (words ) Personal /Company Cheque for: £

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www.sdlgrahampenny.co.uk | 53 Terms and Conditions for Proxy, Telephone and Internet Bidders

These terms and conditions apply to and are binding upon all remote 6. Unless the relevant lot is sold to the prospective Buyer the amount of prospective Buyers whether you bid by proxy, telephone or internet. the prospective Buyers bid will not be disclosed to the Seller or any other person during or after the sale without the consent of the prospective 1. A prospective Buyer should complete and sign the registration form Buyer. printed. In particular the prospective proxy Buyer should complete the 7. The auctioneer reserves the right to bid himself or through an agent up form showing the maximum price which the prospective Buyer authorises to the reserve price for the particular lot. the auctioneer to bid for a particular property. The maximum price to which the auctioneer is authorised to bid must be an exact figure 8. The prospective Buyer will be advised if the relevant lot has been (accordingly wording such as “£100 over the highest bid in the room” will successfully purchased on his behalf as soon as possible after the auction. not be acceptable). The auctioneer reserves the right not to bid on behalf Where the lot has not been purchased with a proxy bid the prospective of the prospective Buyer should there be any error or confusion in respect Buyer will be notified by telephone as soon as reasonably possible. of these instructions or the accompanying deposit. 9. SDL Graham Penny shall not be obliged to account to You for any A separate form must be completed for each lot for which a prospective interest accrued on any deposits that You provide in respect of any remote bid. Buyer requires the auctioneer to bid. The completed form or forms together with a copy of driving licence or passport and a recent utility bill 10. If Your bid is successful the Auctioneer or any person authorised by the must be delivered to SDL Graham Penny, 2-6 The Strand, Derby DE1 1BA Auctioneer, will sign the Contract for Sale or sale contract relating to the by hand, post or via email so that it is received not less than 24 hours prior Lot on Your behalf. In the event that Your bid is successful the details to the time of the commencement of the auction at which the particular appearing in the Buyers Details section of the Registration Form will be property is to be sold. The commencement time of the auction is shown entered on the Contract for Sale for the Lot. in the catalogue. Identification is required for the Bidder and the Buyer. 11. Prospective Buyers are advised to telephone SDL Graham Penny Any agreement to alter any Proxy, Telephone and Internet Bidding Form (tel: 01332 242 880) between 8.45am and 9.30am on the day of the at any time prior to, or on the day of the auction, must be in writing. auction to ensure that there are no amendments to the particulars of sale 2. The prospective proxy Buyer appoints the auctioneer as agent and or conditions relating to the relevant lot or other matters relating to it. The authorises the auctioneer to bid for the relevant lot on behalf of the prospective Buyer will be deemed to have knowledge of such prospective Buyer in such manner as the auctioneer thinks fit in his amendments and will buy subject to them in any event. If the prospective absolute discretion. Buyer does not telephone and such amendments have been made, the auctioneer may in his absolute discretion decide not to bid for the relevant 3. The prospective Buyer shall be considered to have inspected the lot on the prospective Buyer’s behalf or refuse to accept bids by or on auction catalogue for the relevant lot, all conditions of sale, and notices to behalf of prospective Buyers and the auctioneer will not be responsible prospective buyers and also any addenda relating to the lot and have full for any losses, costs or damages incurred by the prospective Buyer as a knowledge thereof in accordance with the terms and conditions of the result thereof. auction catalogue. SDL Graham Penny, or any person authorised by SDL 12. Should the prospective Buyer wish to bid at the auction in person or Graham Penny will sign any memorandum or contract incorporating such through an agent, such intention must be notified in writing to the matters on behalf of the relevant parties. auctioneer in person prior to the lot being offered for sale. In this case, the auctioneer will not make any bids on behalf of the prospective Buyer. 4. Prospective proxy, telephone and internet Buyers should send with this form with a valid cheque or banker’s draft drawn on a United Kingdom 13. There is no substitute for being present in the room. SDL Graham branch of a bank representing 10% of the maximum price (minimum Penny strongly recommend that you attend the auction personally in £5,000) to which the prospective Buyer wishes the auctioneer to bid. order to bid. However SDL Graham Penny will use reasonable endeavours Alternatively the Buyer can provide SDL Graham Penny with debit/credit to provide remote bidding facilities at the auction in accordance with card details at the bottom of the form. Where the particular lot is these Terms and Conditions and will make no additional charge for the purchased below the maximum bid figure the balance of the deposit will service. be considered as an additional deposit towards the purchase price and the prospective Buyer authorises the auctioneer to retain the same for SDL Graham Penny will have no liability or responsibility whatsoever such purpose. In the case of telephone and internet bidding, prospective towards You in the event of Your remote bid not being made as a result Buyers may instead provide a blank cheque which, if the prospective of: Buyer is successful in purchasing the relevant property, the auctioneer will • Unclear instructions complete on behalf of the prospective Buyer for the amount of the deposit. The buyers fee is payable at the time of exchange (£750.00 inc. • Error, lack of clarity or confusion regarding the Registration Form or the VAT). deposit • Any change in the date, time and/or venue for the Auction. 5. The prospective Buyer may in writing only at any time up to the commencement of the auction in which the particular lot is to be sold, • Interruption or suspension of telephone/ internet bidding services. withdraw the auctioneer’s authority to bid. It is the prospective Buyer’s • You being unobtainable by telephone or becoming disconnected responsibility to ensure that the auctioneer personally receives such during the course of the bidding by telephone or via the internet. instructions and he should check to ensure such instructions have been received. • Any other factor beyond the control of SDL Graham Penny.

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54 | www.sdlgrahampenny.co.uk Sales Memorandum

Date: //

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The Lot:

The Price: Balance Payable: (excluding any VAT)

Deposit Paid: Completion Date:

The seller agrees to sell and the buyer agrees to buy the lot for the price. This agreement is subject to the conditions so far as they apply to the lot.

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Signed by or on behalf of the buyer: If signing on behalf of buyer print name: Signed by us as agent for the seller: The Buyer’s Solicitor/Conveyancer is: Name(s):

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www.sdlgrahampenny.co.uk | 55 Glossary In the conditions wherever it makes sense

• singular words can be read as plurals, and plurals as singular words; Special conditions • a “person” includes a corporate body; Those of the sale conditions so headed that relate to the lot. • words of one gender include the other genders; Tenancies • references to legislation are to that legislation as it may have been modified or re-enacted by the Tenancies, leases, licences to occupy and agreements for lease and any documents varying or date of the auction or the contract date (as applicable); and supplemental to them. • where the following words printed in bold they have the specified meanings. Tenancy schedule Actual completion date The tenancy schedule (if any) forming part of the special conditions. The date when completion takes place or is treated as taking place for the purposes of Transfer apportionment and calculating interest. Transfer includes a conveyance or assignment (and “to transfer” includes “to convey” or “to assign”). Addendum TUPE An amendment or addition to the conditions or to the particulars or to both whether contained The Transfer of Undertakings (Protection of Employment) Regulations 2006. in a supplement to the catalogue, a written notice from the auctioneers or an oral announcement VAT at the auction. Value Added Tax or other tax of a similar nature. Agreed completion date VAT option Subject to condition 9.3: An option to tax. (a) the date specified in the special conditions; or We (and us and our) (b) if no date is specified, 15 business days after the The auctioneers. contract date; You (and your) but if that date is not a business day the first subsequent Someone who has a copy of the catalogue or who attends or bids at the auction, whether or not business day. a buyer. Approved financial institution Any bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise acceptable to the auctioneers. Arrears Auction Conduct Conditions Arrears of rent and other sums due under the tenancies and still outstanding on the actual 1 Introduction completion date. 1.1 Words in bold have special meanings, which are defined in the Glossary. Arrears schedule The arrears schedule (if any) forming part of the special conditions. 1.2 The catalogue is issued only on the basis that you accept these auction conduct conditions. Auction They govern our relationship with you and cannot be disapplied or varied by the sale conditions The auction advertised in the catalogue. (even by a condition purporting to replace the whole of the Common Auction Conditions). They Auction conduct conditions can be varied only if we agree. The conditions so headed, including any extra auction conduct conditions. 2 Our role Auctioneers 2.1 As agents for each seller we have authority to: The auctioneers at the auction. (a) prepare the catalogue from information supplied by or on behalf of each seller; Business day (b) offer each lot for sale; Any day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Wales; or (c) Good (c) sell each lot; Friday or Christmas Day. (d) receive and hold deposits; Buyer (e) sign each sale memorandum; and The person who agrees to buy the lot or, if applicable, that person’s personal representatives: if two (f) treat a contract as repudiated if the buyer fails to sign a sale memorandum or pay a deposit as or more are jointly the buyer their obligations can be enforced against them jointly or against each required by these auction conduct conditions. of them separately. 2.2 Our decision on the conduct of the auction is final. Catalogue 2.3 We may cancel the auction, or alter the order in which lots are offered for sale. We may also The catalogue to which the conditions refer including any supplement to it. combine or divide lots. A lot may be sold or withdrawn from sale prior to the auction. Completion 2.4 You acknowledge that to the extent permitted by law we owe you no duty of care and you have Unless otherwise agreed between seller and buyer (or their conveyancers) the occasion when both seller and buyer have complied with their obligations under the contract and the balance of no claim against us for any loss. the price is unconditionally received in the seller’s conveyancer’s client account. 3 Bidding and reserve prices Condition 3.1 All bids are to be made in pounds sterling exclusive of any applicable VAT. One of the auction conduct conditions or sales conditions. 3.2 We may refuse to accept a bid. We do not have to explain why. Contract 3.3 If there is a dispute over bidding we are entitled to resolve it, and our decision is final. The contract by which the seller agrees to sell and the buyer agrees to buy the lot. 3.4 Unless stated otherwise each lot is subject to a reserve price (which may be fixed just before Contract date the lot is offered for sale). If no bid equals or exceeds that reserve price the lot will be withdrawn The date of the auction or, if the lot is not sold at the auction: from the auction. (a) the date of the sale memorandum signed by both the seller and buyer; or 3.5 Where there is a reserve price the seller may bid (or ask us or another agent to bid on the (b) if contracts are exchanged, the date of exchange. If exchange is not effected in person or by an seller’s behalf) up to the reserve price but may not make a bid equal to or exceeding the reserve irrevocable agreement to exchange made by telephone, fax or electronic mail the date of exchange price. You accept that it is possible that all bids up to the reserve price are bids made by or on is the date on which both parts have been signed and posted or otherwise placed beyond normal behalf of the seller. retrieval. 3.6 Where a guide price (or range of prices) is given that guide is the minimum price at which, or Documents range of prices within which, the seller might be prepared to sell at the date of the guide price. But Documents of title (including, if title is registered, the entries on the register and the title plan) and guide prices may change. The last published guide price will normally be at or above any reserve other documents listed or referred to in the special conditions relating to the lot. price, but not always – as the seller may fix the final reserve price just before bidding commences. Financial charge 4 The particulars and other information A charge to secure a loan or other financial indebtness (not including a rentcharge). General conditions 4.1 We have taken reasonable care to prepare particulars that correctly describe each lot. The That part of the sale conditions so headed, including any extra general conditions. particulars are based on information supplied by or on behalf of the seller. You need to check that Guide Price the information in the particulars is correct. The Guide Price is an indication of the sellers minimum acceptable price at auction at the time of 4.2 If the special conditions do not contain a description of the lot, or simply refer to the relevant entering the property into an auction. The Guide Price is given to assist consumers in deciding lot number, you take the risk that the description contained in the particulars is incomplete or whether or not to pursue a purchase. As the Reserve Price is not fixed at this stage and can be inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to adjusted by the seller at any time up to the day of the auction in light of the interest shown during form part of a legal contract. the marketing period, a Guide Price is issued. We would normally expect the Reserve Price to be 4.3 The particulars and the sale conditions may change prior to the auction and it is your within a range of approx. + or - 10% of the Guide Price. Both the Guide Price and the Reserve Price responsibility to check that you have the correct versions. can be subject to change up to and including the day of the auction. 4.4 If we provide information, or a copy of a document, provided by others we do so only on the Interest rate basis that we are not responsible for the accuracy of that information or document. If not specified in the special conditions, 4% above the base rate from time to time of Barclays 5 The contract Bank plc. (The interest rate will also apply to judgment debts, if applicable.) 5.1 A successful bid is one we accept as such (normally on the fall of the hammer). This condition Lot 5 applies to you if you make the successful bid for a lot. Each separate property described in the catalogue or (as the case may be) the property that the 5.2 You are obliged to buy the lot on the terms of the sale memorandum at the price you bid plus seller has agreed to sell and the buyer to buy (including chattels, if any). VAT (if applicable). Old arrears 5.3 You must before leaving the auction: Arrears due under any of the tenancies that are not “new tenancies” as defined by the Landlord and Tenant (Covenants) Act 1995. (a) provide all information we reasonably need from you to enable us to complete the sale Particulars memorandum (including proof of your identity if required by us); The section of the catalogue that contains descriptions of each lot (as varied by any addendum). (b) sign the completed sale memorandum; and Practitioner (c) pay the deposit. An insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in relation to jurisdictions 5.4 If you do not we may either: outside the United Kingdom, any similar official). (a) as agent for the seller treat that failure as your repudiation of the contract and offer the lot for Price sale again: the seller may then have a claim against you for breach of contract; or The price that the buyer agrees to pay for the lot. (b) sign the sale memorandum on your behalf. Ready to complete 5.5 The deposit: Ready, willing and able to complete: if completion would enable the seller to discharge all financial (a) is to be held as stakeholder where VAT would be chargeable on the deposit were it to be held charges secured on the lot that have to be discharged by completion, then those outstanding as agent for the seller, but otherwise is to be held as stated in the sale conditions; and financial charges do not prevent the seller from being ready to complete. (b) must be paid in pounds sterling by cheque or by bankers’ draft made payable to us on an Reserve Price approved financial institution. The extra auction conduct conditions may state if we accept any The Reserve Price is the sellers minimum acceptable price at auction and the figure below which other form of payment. the auctioneer cannot sell. The Reserve Price is normally agreed between the auctioneer and the 5.6 We may retain the sale memorandum signed by or on behalf of the seller until the deposit has seller within approx. 48 hours prior to the auction. The Reserve Price is not disclosed prior to auction been received in cleared funds. and remains confidential between the seller and the auctioneer. Both the Guide Price and the 5.7 If the buyer does not comply with its obligations under the contract then: Reserve Price can be subject to change up to and including the day of the auction. Sale conditions (a) you are personally liable to buy the lot even if you are acting as an agent; and The general conditions as varied by any special conditions or addendum. (b) you must indemnify the seller in respect of any loss the seller incurs as a result of the buyer’s Sale memorandum default. The form so headed (whether or not set out in the catalogue) in which the terms of the contract 5.8 Where the buyer is a company you warrant that the buyer is properly constituted and able to for the sale of the lot are recorded. buy the lot. Seller 6 Extra Auction Conduct Conditions The person selling the lot. If two or more are jointly the seller their obligations can be enforced 6.1 Despite any special condition to the contrary the minimum deposit we accept is 10% (or the total against them jointly or against each of them separately. price, if less than £5,000). A special condition may, however, require a higher minimum deposit.

56 | www.sdlgrahampenny.co.uk Common Auction Conditions of Sale (Edition Three August 2009 reproduced with consent of RICS)

The general conditions (including any extra general conditions) apply to the contract except (a) The buyer may raise no requisition on or objection to any of the documents that is made to the extent that they are varied by special conditions or by an addendum. available before the auction. 1. THE LOT (b) If the lot is registered land the seller is to give to the buyer within five business days of the 1.1 The lot (including any rights to be granted or reserved, and any exclusions from it) is contract date an official copy of the entries on the register and title plan and, where noted on described in the special conditions, or if not so described the lot is that referred to in the sale the register, of all documents subject to which the lot is being sold. memorandum. (c) If the lot is not registered land the seller is to give to the buyer within five business days an 1.2 The lot is sold subject to any tenancies disclosed by the special conditions, but otherwise abstract or epitome of title starting from the root of title mentioned in the special conditions with vacant possession on completion. (or, if none is mentioned, a good root of title more than fifteen years old) and must produce to the buyer the original or an examined copy of every relevant document. 1.3 The lot is sold subject to all matters contained or referred to in the documents, but excluding any financial charges: these the seller must discharge on or before completion. (d) If title is in the course of registration, title is to consist of certified copies of: 1.4 The lot is also sold subject to such of the following as may affect it, whether they arise before (i) the application for registration of title made to the land registry; or after the contract date and whether or not they are disclosed by the seller or are apparent (ii) the documents accompanying that application; from inspection of the lot or from the documents: (iii) evidence that all applicable stamp duty land tax relating to that application has been (a) matters registered or capable of registration as local land charges; paid; and (b) matters registered or capable of registration by any competent authority or under the (iv) a letter under which the seller or its conveyancer agrees to use all reasonable provisions of any statute; endeavours to answer any requisitions raised by the land registry and to instruct the (c) notices, orders, demands, proposals and requirements of any competent authority; land registry to send the completed registration documents to the buyer. (d) charges, notices, orders, restrictions, agreements and other matters relating to town and (e) The buyer has no right to object to or make requisitions on any title information more country planning, highways or public health; than seven business days after that information has been given to the buyer. (e) rights, easements, quasi-easements, and wayleaves; 4.3 Unless otherwise stated in the special conditions the seller sells with full title guarantee except that (and the transfer shall so provide): (f) outgoings and other liabilities; (a) the covenant set out in section 3 of the Law of Property (Miscellaneous Provisions) Act (g) any interest which overrides, within the meaning of the Land Registration Act 2002; 1994 shall not extend to matters recorded in registers open to public inspection; these are to (h) matters that ought to be disclosed by the searches and enquiries a prudent buyer would be treated as within the actual knowledge of the buyer; and make, whether or not the buyer has made them; and b) the covenant set out in section 4 of the Law of Property (Miscellaneous Provisions) Act (i) anything the seller does not and could not reasonably know about. 1994 shall not extend to any condition or tenant’s obligation relating to the state or condition 1.5 Where anything subject to which the lot is sold would expose the seller to liability the buyer is of the lot where the lot is leasehold property. to comply with it and indemnify the seller against that liability. 4.4 The transfer is to have effect as if expressly subject to all matters subject to which the lot is 1.6 The seller must notify the buyer of any notices, orders, demands, proposals and requirements sold under the contract. of any competent authority of which it learns after the contract date but the buyer must 4.5 The seller does not have to produce, nor may the buyer object to or make a requisition in comply with them and keep the seller indemnified. relation to, any prior or superior title even if it is referred to in the documents. 1.7 The lot does not include any tenant’s or trade fixtures or fittings. 4.6 The seller (and, if relevant, the buyer) must produce to each other such confirmation of, or 1.8 Where chattels are included in the lot the buyer takes them as they are at completion and the evidence of, their identity and that of their mortgagees and attorneys (if any) as is necessary seller is not liable if they are not fit for use. for the other to be able to comply with applicable Land Registry Rules when making 1.9 The buyer buys with full knowledge of: application for registration of the transaction to which the conditions apply. (a) the documents, whether or not the buyer has read them; and 5. TRANSFER (b) the physical condition of the lot and what could reasonably be discovered on inspection 5.1 Unless a form of transfer is prescribed by the special conditions: of it, whether or not the buyer has inspected it. (a) the buyer must supply a draft transfer to the seller at least ten business days before the 1.10 The buyer is not to rely on the information contained in the particulars but may rely on the agreed completion date and the engrossment (signed as a deed by the buyer if condition 5.2 seller’s conveyancer’s written replies to preliminary enquiries to the extent stated in those applies) five business days before that date or (if later) two business days after the draft has replies. been approved by the seller; and 2. DEPOSIT (b) the seller must approve or revise the draft transfer within five business days of receiving it from the buyer. 2.1 The amount of the deposit is the greater of: 5.2 If the seller remains liable in any respect in relation to the lot (or a tenancy) following (a) any minimum deposit stated in the auction conduct conditions (or the total price, if this is completion the buyer is specifically to covenant in the transfer to indemnify the seller against less than that minimum); and that liability. (b) 10% of the price (exclusive of any VAT on the price). 5.3 The seller cannot be required to transfer the lot to anyone other than the buyer, or by more 2.2 The deposit than one transfer. (a) must be paid in pounds sterling by cheque or banker’s draft drawn on an approved 6. COMPLETION financial institution (or by any other means of payment that the auctioneers may accept); and 6.1 Completion is to take place at the offices of the seller’s conveyancer, or where the seller may (b) is to be held as stakeholder unless the auction conduct conditions provide that it is to be reasonably require, on the agreed completion date. The seller can only be required to held as agent for the seller. complete on a business day and between the hours of 0930 and 1700. 2.3 Where the auctioneers hold the deposit as stakeholder they are authorised to release it (and 6.2 The amount payable on completion is the balance of the price adjusted to take account of interest on it if applicable) to the seller on completion or, if completion does not take place, to apportionments plus (if applicable) VAT and interest. the person entitled to it under the sale conditions. 6.3 Payment is to be made in pounds sterling and only by: 2.4 If a cheque for all or part of the deposit is not cleared on first presentation the seller may treat (a) direct transfer to the seller’s conveyancer’s client account; and the contract as at an end and bring a claim against the buyer for breach of contract. (b) the release of any deposit held by a stakeholder. 2.5 Interest earned on the deposit belongs to the seller unless the sale conditions provide otherwise. 6.4 Unless the seller and the buyer otherwise agree, completion cannot take place until both have complied with their obligations under the contract and the balance of the price is 3. BETWEEN CONTRACT AND COMPLETION unconditionally received in the seller’s conveyancer’s client account. 3.1 Unless the special conditions state otherwise, the seller is to insure the lot from and including 6.5 If completion takes place after 1400 hours for a reason other than the seller’s default it is to the contract date to completion and: be treated, for the purposes of apportionment and calculating interest, as if it had taken place (a) produce to the buyer on request all relevant insurance details; on the next business day. (b) pay the premiums when due; 6.6 Where applicable the contract remains in force following completion. (c) if the buyer so requests, and pays any additional premium, use reasonable endeavours to 7. NOTICE TO COMPLETE increase the sum insured or make other changes to the policy; 7.1 The seller or the buyer may on or after the agreed completion date but before completion (d) at the request of the buyer use reasonable endeavours to have the buyer’s interest noted give the other notice to complete within ten business days (excluding the date on which the on the policy if it does not cover a contracting purchaser; notice is given) making time of the essence. (e) unless otherwise agreed, cancel the insurance at completion, apply for a refund of 7.2 The person giving the notice must be ready to complete. premium and (subject to the rights of any tenant or other third party) pay that refund to the 7.3 If the buyer fails to comply with a notice to complete the seller may, without affecting any buyer; and other remedy the seller has: (f) (subject to the rights of any tenant or other third party) hold on trust for the buyer any (a) terminate the contract; insurance payments that the seller receives in respect of loss or damage arising after the (b) claim the deposit and any interest on it if held by a stakeholder; contract date or assign to the buyer the benefit of any claim; (c) forfeit the deposit and any interest on it; and the buyer must on completion reimburse to the seller the cost of that insurance (to the extent not already paid by the buyer or a tenant or other third party) for the period from and (d) resell the lot; and including the contract date to completion. (e) claim damages from the buyer. 3.2 No damage to or destruction of the lot nor any deterioration in its condition, however caused, 7.4 If the seller fails to comply with a notice to complete the buyer may, without affecting any entitles the buyer to any reduction in price, or to delay completion, or to refuse to complete. other remedy the buyer has: 3.3 Section 47 of the Law of Property Act 1925 does not apply. (a) terminate the contract; and 3.4 Unless the buyer is already lawfully in occupation of the lot the buyer has no right to enter (b) recover the deposit and any interest on it from the seller or, if applicable, a stakeholder. into occupation prior to completion. 8. IF THE CONTRACT IS BROUGHT TO AN END 4. TITLE AND IDENTITY If the contract is lawfully brought to an end: 4.1 Unless condition 4.2 applies, the buyer accepts the title of the seller to the lot as at the (a) the buyer must return all papers to the seller and appoints the seller its agent to cancel contract date and may raise no requisition or objection except in relation to any matter that any registration of the contract; and occurs after the contract date. (b) the seller must return the deposit and any interest on it to the buyer (and the buyer may 4.2 If any of the documents is not made available before the auction the following provisions claim it from the stakeholder, if applicable) unless the seller is entitled to forfeit the deposit apply: under condition 7.3.

www.sdlgrahampenny.co.uk | 57 9. LANDLORD’S LICENCE (but for the indemnity in paragraph (c)) expose the seller to a liability that the seller would 9.1 Where the lot is or includes leasehold land and licence to assign is required this condition 9 not otherwise have, in which case the seller may act reasonably in such a way as to avoid that applies. liability; 9.2 The contract is conditional on that licence being obtained, by way of formal licence if that is (b) if the seller gives the buyer notice of the seller’s intended act and the buyer does not what the landlord lawfully requires. object within five business days giving reasons for the objection the seller may act as the seller intends; and 9.3 The agreed completion date is not to be earlier than the date five business days after the seller has given notice to the buyer that licence has been obtained. (c) the buyer is to indemnify the seller against all loss or liability the seller incurs through acting as the buyer requires, or by reason of delay caused by the buyer. 9.4 The seller must: 13. RENT DEPOSITS (a) use all reasonable endeavours to obtain the licence at the seller’s expense; and 13.1 This condition 13 applies where the seller is holding or otherwise entitled to money by way of (b) enter into any authorised guarantee agreement properly required. rent deposit in respect of a tenancy. In this condition 13 “rent deposit deed” means the deed 9.5 The buyer must: or other document under which the rent deposit is held. (a) promptly provide references and other relevant information; and 13.2 If the rent deposit is not assignable the seller must on completion hold the rent deposit on (b) comply with the landlord’s lawful requirements. trust for the buyer and, subject to the terms of the rent deposit deed, comply at the cost of 9.6 If within three months of the contract date (or such longer period as the seller and buyer the buyer with the buyer’s lawful instructions. agree) the licence has not been obtained the seller or the buyer may (if not then in breach of 13.3 Otherwise the seller must on completion pay and assign its interest in the rent deposit to the any obligation under this condition 9) by notice to the other terminate the contract at any buyer under an assignment in which the buyer covenants with the seller to: time before licence is obtained. That termination is without prejudice to the claims of either (a) observe and perform the seller’s covenants and conditions in the rent deposit deed and seller or buyer for breach of this condition 9. indemnify the seller in respect of any breach; 10. INTEREST AND APPORTIONMENTS (b) give notice of assignment to the tenant; and 10.1 If the actual completion date is after the agreed completion date for any reason other than (c) give such direct covenant to the tenant as may be required by the rent deposit deed. the seller’s default the buyer must pay interest at the interest rate on the price (less any 14. VAT deposit paid) from the agreed completion date up to and including the actual completion 14.1 Where a sale condition requires money to be paid or other consideration to be given, the date. payer must also pay any VAT that is chargeable on that money or consideration, but only if 10.2 Subject to condition 11 the seller is not obliged to apportion or account for any sum at given a valid VAT invoice. completion unless the seller has received that sum in cleared funds. The seller must pay to the 14.2 Where the special conditions state that no VAT option has been made the seller confirms buyer after completion any sum to which the buyer is entitled that the seller subsequently that none has been made by it or by any company in the same VAT group nor will be prior to receives in cleared funds. completion. 10.3 Income and outgoings are to be apportioned at actual completion date unless: 15. TRANSFER AS A GOING CONCERN (a) the buyer is liable to pay interest; and 15.1 Where the special conditions so state: (b) the seller has given notice to the buyer at any time up to completion requiring (a) the seller and the buyer intend, and will take all practicable steps (short of an appeal) to apportionment on the date from which interest becomes payable by the buyer; procure, that the sale is treated as a transfer of a going concern; and in which event income and outgoings are to be apportioned on the date from which interest (b) this condition 15 applies. becomes payable by the buyer. 15.2 The seller confirms that the seller 10.4 Apportionments are to be calculated on the basis that: (a) is registered for VAT, either in the seller’s name or as a member of the same VAT group; (a) the seller receives income and is liable for outgoings for the whole of the day on which and apportionment is to be made; (b) has (unless the sale is a standard-rated supply) made in relation to the lot a VAT option (b) annual income and expenditure accrues at an equal daily rate assuming 365 days in a that remains valid and will not be revoked before completion. year, and income and expenditure relating to some other period accrues at an equal daily rate during the period to which it relates; and 15.3 The buyer confirms that: (c) where the amount to be apportioned is not known at completion apportionment is to be (a) it is registered for VAT, either in the buyer’s name or as a member of a VAT group; made by reference to a reasonable estimate and further payment is to be made by seller or (b) it has made, or will make before completion, a VAT option in relation to the lot and will not buyer as appropriate within five business days of the date when the amount is known. revoke it before or within three months after completion; 11. ARREARS (c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; Part 1 Current rent and 11.1 “Current rent” means, in respect of each of the tenancies subject to which the lot is sold, the (d) it is not buying the lot as a nominee for another person. instalment of rent and other sums payable by the tenant in advance on the most recent rent 15.4 The buyer is to give to the seller as early as possible before the agreed completion date payment date on or within four months preceding completion. evidence: 11.2 If on completion there are any arrears of current rent the buyer must pay them, whether or (a) of the buyer’s VAT registration; not details of those arrears are given in the special conditions. (b) that the buyer has made a VAT option; and 11.3 Parts 2 and 3 of this condition 11 do not apply to arrears of current rent. (c) that the VAT option has been notified in writing to HM Revenue and Customs; Part 2 Buyer to pay for arrears and if it does not produce the relevant evidence at least two business days before the agreed 11.4 Part 2 of this condition 11 applies where the special conditions give details of arrears. completion date, condition 14.1 applies at completion. 11.5 The buyer is on completion to pay, in addition to any other money then due, an amount equal 15.5 The buyer confirms that after completion the buyer intends to: to all arrears of which details are set out in the special conditions. (a) retain and manage the lot for the buyer’s own benefit as a continuing business as a going 11.6 If those arrears are not old arrears the seller is to assign to the buyer all rights that the seller concern subject to and with the benefit of the tenancies; and has to recover those arrears. (b) collect the rents payable under the tenancies and charge VAT on them Part 3 Buyer not to pay for arrears 15.6 If, after completion, it is found that the sale of the lot is not a transfer of a going concern then: 11.7 Part 3 of this condition 11 applies where the special conditions: (a) the seller’s conveyancer is to notify the buyer’s conveyancer of that finding and provide a (a) so state; or VAT invoice in respect of the sale of the lot; (b) give no details of any arrears. (b) the buyer must within five business days of receipt of the VAT invoice pay to the seller the 11.8 While any arrears due to the seller remain unpaid the buyer must: VAT due; and (a) try to collect them in the ordinary course of management but need not take legal (c) if VAT is payable because the buyer has not complied with this condition 15, the buyer proceedings or forfeit the tenancy; must pay and indemnify the seller against all costs, interest, penalties or surcharges that the seller incurs as a result. (b) pay them to the seller within five business days of receipt in cleared funds (plus interest at the interest rate calculated on a daily basis for each subsequent day’s delay in payment); 16. CAPITAL ALLOWANCES (c) on request, at the cost of the seller, assign to the seller or as the seller may direct the right 16.1 This condition 16 applies where the special conditions state that there are capital allowances to demand and sue for old arrears, such assignment to be in such form as the seller’s available in respect of the lot. conveyancer may reasonably require; 16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer (d) if reasonably required, allow the seller’s conveyancer to have on loan the counterpart of in connection with the buyer’s claim for capital allowances. any tenancy against an undertaking to hold it to the buyer’s order; 16.3 The value to be attributed to those items on which capital allowances may be claimed is set (e) not without the consent of the seller release any tenant or surety from liability to pay out in the special conditions. arrears or accept a surrender of or forfeit any tenancy under which arrears are due; and 16.4 The seller and buyer agree: (f) if the buyer disposes of the lot prior to recovery of all arrears obtain from the buyer’s (a) to make an election on completion under Section 198 of the Capital Allowances Act 2001 successor in title a covenant in favour of the seller in similar form to part 3 of this condition 11. to give effect to this condition 16; and 11.9 Where the seller has the right to recover arrears it must not without the buyer’s written (b) to submit the value specified in the special conditions to HM Revenue and Customs for consent bring insolvency proceedings against a tenant or seek the removal of goods from the purposes of their respective capital allowance computations. the lot. 17. MAINTENANCE AGREEMENTS 12. MANAGEMENT 17.1 The seller agrees to use reasonable endeavours to transfer to the buyer, at the buyer’s cost, 12.1 This condition 12 applies where the lot is sold subject to tenancies. the benefit of the maintenance agreements specified in the special conditions. 12.2 The seller is to manage the lot in accordance with its standard management policies pending 17.2 The buyer must assume, and indemnify the seller in respect of, all liability under such completion. contracts from the actual completion date. 12.3 The seller must consult the buyer on all management issues that would affect the buyer after 18. LANDLORD AND TENANT ACT 1987 completion (such as, but not limited to, an application for licence; a rent review; a variation, 18.1 This condition 18 applies where the sale is a relevant disposal for the purposes of part I of the surrender, agreement to surrender or proposed forfeiture of a tenancy; or a new tenancy or Landlord and Tenant Act 1987. agreement to grant a new tenancy) and: 18.2 The seller warrants that the seller has complied with sections 5B and 7 of that Act and that (a) the seller must comply with the buyer’s reasonable requirements unless to do so would the requisite majority of qualifying tenants has not accepted the offer.

58 | www.sdlgrahampenny.co.uk 19. SALE BY PRACTITIONER 23.4 The seller must promptly: 19.1 This condition 19 applies where the sale is by a practitioner either as seller or as agent of the (a) give to the buyer full details of all rent review negotiations and proceedings, including seller. copies of all correspondence and other papers; and 19.2 The practitioner has been duly appointed and is empowered to sell the lot. (b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings. 19.3 Neither the practitioner nor the firm or any member of the firm to which the practitioner belongs has any personal liability in connection with the sale or the performance of the 23.5 The seller and the buyer are to keep each other informed of the progress of the rent review seller’s obligations. The transfer is to include a declaration excluding that personal liability. and have regard to any proposals the other makes in relation to it. 19.4 The lot is sold: 23.6 When the rent review has been agreed or determined the buyer must account to the seller for any increased rent and interest recovered from the tenant that relates to the seller’s period (a) in its condition at completion; of ownership within five business days of receipt of cleared funds. (b) for such title as the seller may have; and 23.7 If a rent review is agreed or determined before completion but the increased rent and any (c) with no title guarantee; interest recoverable from the tenant has not been received by completion the increased rent and the buyer has no right to terminate the contract or any other remedy if information and any interest recoverable is to be treated as arrears. provided about the lot is inaccurate, incomplete or missing. 23.8 The seller and the buyer are to bear their own costs in relation to rent review negotiations and 19.5 Where relevant: proceedings. (a) the documents must include certified copies of those under which the practitioner is 24. TENANCY RENEWALS appointed, the document of appointment and the practitioner’s acceptance of appointment; 24.1 This condition 24 applies where the tenant under a tenancy has the right to remain in and occupation under part II of the Landlord and Tenant Act 1954 (as amended) and references (b) the seller may require the transfer to be by the lender exercising its power of sale under to notices and proceedings are to notices and proceedings under that Act. the Law of Property Act 1925. 24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not 19.6 The buyer understands this condition 19 and agrees that it is fair in the circumstances of a sale without the written consent of the buyer (which the buyer must not unreasonably withhold by a practitioner. or delay) serve or respond to any notice or begin or continue any proceedings. 20. TUPE 24.3 If the seller receives a notice the seller must send a copy to the buyer within five business 20.1 If the special conditions state “There are no employees to which TUPE applies”, this is a days and act as the buyer reasonably directs in relation to it. warranty by the seller to this effect. 24.4 Following completion the buyer must: 20.2 If the special conditions do not state “There are no employees to which TUPE applies” the (a) with the co-operation of the seller take immediate steps to substitute itself as a party to following paragraphs apply: any proceedings; (a) The seller must notify the buyer of those employees whose contracts of employment will (b) use all reasonable endeavours to conclude any proceedings or negotiations for the transfer to the buyer on completion (the “Transferring Employees”). This notification must be renewal of the tenancy and the determination of any interim rent as soon as reasonably given to the buyer not less than 14 days before completion. practicable at the best rent or rents reasonably obtainable; and (b) The buyer confirms that it will comply with its obligations under TUPE and any special (c) if any increased rent is recovered from the tenant (whether as interim rent or under the conditions in respect of the Transferring Employees. renewed tenancy) account to the seller for the part of that increase that relates to the seller’s period of ownership of the lot within five business days of receipt of cleared funds. (c) The buyer and the seller acknowledge that pursuant and subject to TUPE, the contracts of employment between the Transferring Employees and the seller will transfer to the buyer 24.5 The seller and the buyer are to bear their own costs in relation to the renewal of the tenancy on completion. and any proceedings relating to this. (d) The buyer is to keep the seller indemnified against all liability for the Transferring 25. WARRANTIES Employees after completion. 25.1 Available warranties are listed in the special conditions. 21. ENVIRONMENTAL 25.2 Where a warranty is assignable the seller must: 21.1 This condition 21 only applies where the special conditions so provide. (a) on completion assign it to the buyer and give notice of assignment to the person who gave the warranty; and 21.2 The seller has made available such reports as the seller has as to the environmental condition of the lot and has given the buyer the opportunity to carry out investigations (whether or not (b) apply for (and the seller and the buyer must use all reasonable endeavours to obtain) any the buyer has read those reports or carried out any investigation) and the buyer admits that consent to assign that is required. If consent has not been obtained by completion the the price takes into account the environmental condition of the lot. warranty must be assigned within five business days after the consent has been obtained. 21.3 The buyer agrees to indemnify the seller in respect of all liability for or resulting from the 25.3 If a warranty is not assignable the seller must after completion: environmental condition of the lot. (a) hold the warranty on trust for the buyer; and 22. SERVICE CHARGE (b) at the buyer’s cost comply with such of the lawful instructions of the buyer in relation to 22.1 This condition 22 applies where the lot is sold subject to tenancies that include service charge the warranty as do not place the seller in breach of its terms or expose the seller to any liability or penalty. provisions. 26. NO ASSIGNMENT 22.2 No apportionment is to be made at completion in respect of service charges. The buyer must not assign, mortgage or otherwise transfer or part with the whole or any part 22.3 Within two months after completion the seller must provide to the buyer a detailed service of the buyer’s interest under this contract. charge account for the service charge year current on completion showing: 27. REGISTRATION AT THE LAND REGISTRY (a) service charge expenditure attributable to each tenancy; 27.1 This condition 27.1 applies where the lot is leasehold and its sale either triggers first (b) payments on account of service charge received from each tenant; registration or is a registrable disposition. The buyer must at its own expense and as soon as (c) any amounts due from a tenant that have not been received; practicable: (d) any service charge expenditure that is not attributable to any tenancy and is for that (a) procure that it becomes registered at Land Registry as proprietor of the lot; reason irrecoverable. (b) procure that all rights granted and reserved by the lease under which the lot is held are 22.4 In respect of each tenancy, if the service charge account shows that: properly noted against the affected titles; and (a) payments on account (whether received or still then due from a tenant) exceed (c) provide the seller with an official copy of the register relating to such lease showing itself attributable service charge expenditure, the seller must pay to the buyer an amount equal to registered as proprietor. the excess when it provides the service charge account; 27.2 This condition 27.2 applies where the lot comprises part of a registered title. The buyer must (b) attributable service charge expenditure exceeds payments on account (whether those at its own expense and as soon as practicable: payments have been received or are still then due), the buyer must use all reasonable (a) apply for registration of the transfer; endeavours to recover the shortfall from the tenant at the next service charge reconciliation (b) provide the seller with an official copy and title plan for the buyer’s new title; and date and pay the amount so recovered to the seller within five business days of receipt in cleared funds; (c) join in any representations the seller may properly make to Land Registry relating to the application. but in respect of payments on account that are still due from a tenant condition 11 (arrears) applies. 28. NOTICES AND OTHER COMMUNICATIONS 28.1 All communications, including notices, must be in writing. Communication to or by the seller 22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller or the buyer may be given to or by their conveyancers. must pay the expenditure incurred in respect of the period before actual completion date and the buyer must pay the expenditure incurred in respect of the period after actual 28.2 A communication may be relied on if: completion date. Any necessary monetary adjustment is to be made within five business (a) delivered by hand; or days of the seller providing the service charge account to the buyer. (b) made electronically and personally acknowledged (automatic acknowledgement does 22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure not count); or or a depreciation fund: (c) there is proof that it was sent to the address of the person to whom it is to be given (as (a) the seller must pay it (including any interest earned on it) to the buyer on completion; and specified in the sale memorandum) by a postal service that offers normally to deliver mail the (b) the buyer must covenant with the seller to hold it in accordance with the terms of the next following business day. tenancies and to indemnify the seller if it does not do so. 28.3 A communication is to be treated as received: 23. RENT REVIEWS (a) when delivered, if delivered by hand; or 23.1 This condition 23 applies where the lot is sold subject to a tenancy under which a rent review (b) when personally acknowledged, if made electronically; due on or before the actual completion date has not been agreed or determined. but if delivered or made after 1700 hours on a business day a communication is to be treated 23.2 The seller may continue negotiations or rent review proceedings up to the actual completion as received on the next business day. date but may not agree the level of the revised rent or commence rent review proceedings 28.4 A communication sent by a postal service that offers normally to deliver mail the next without the written consent of the buyer, such consent not to be unreasonably withheld or following business day will be treated as received on the second business day after it has delayed. been posted. 23.3 Following completion the buyer must complete rent review negotiations or proceedings as 29. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 soon as reasonably practicable but may not agree the level of the revised rent without the No one is intended to have any benefit under the contract pursuant to the Contract (Rights written consent of the seller, such consent not to be unreasonably withheld or delayed. of Third Parties) Act 1999.

www.sdlgrahampenny.co.uk | 59 AUCTIONS 2016 Auction Dates

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