Property Auction Catalogue Atalogue

LoCaL eXPerTISe | naTIonaL CoveraGe

PROPERTY AUCTION CATALOGUE ARDS AW WI A NN V E A R N •

DAy one, lonDon P •

R A

E WedneSday 3 May 2017 aT 2:00 pm P Y E R E T H GroSvenor HouSe HoTeL, 86-90 Park Lane, Y T A F London W1k 7Tn U O CT E ION HOUS

DAy tWo, bIrmInGHAm WedneSday 10 May 2017 aT 11:00 am THe LeGendS LounGe, bIrMInGHaM CITy FooTbaLL CLub, ST andreW’S STadIuM, bIrMInGHaM b9 4nH

www.networkauctions.co.uk venue loCAtIons

Heathrow Express at Paddington Station Grosvenor House Hotel bIrmInGHAm CIty footbAll Club 3/4 mile 86-90 Park Lane. London W1k 7Tn ST andreW’S STadIuM, bIrMInGHaM b9 4nH

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

N E W B To M6 ROAD VENETIA

GARRISON LANE

O N D S T R E E T ST. ANDREW’S STREET

A45 TO DIGBETH HIGH STREET BIRMINGHAM CITY

FOOTBALL CLUB

ROAD TILTON

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

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

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

ARTHUR ROAD ARTHUR M1, M45 & M40

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

A4540 HIGHGATE MIDDLEWAY

Grosvenor House Hotel is located in birmingham City Football Club is located Central London’s elegant Mayfair district, on just outside the city centre and just off the world-famous Park Lane overlooking Hyde Park. a4540 Inner Circle ring road. This 5-star hotel was first opened in 1929. It was meticulously St andrews Stadium has been the home of birmingham restored to the highest standard before reopening as a JW Marriott City Football Club since 1906 and is a well-known birmingham hotel in 2008, and retains many historic touches, including the original landmark. The Legends Lounge is a smart and comfortable Lutyens wrought-iron gates that lead into our elegant forecourt. venue and has been home to our auction saleroom since 2004. directions directions The hotel is approximately Midway between Marble arch birmingham City Football Club is located a mile and a & Hyde Park Corner. The main entrance, however is on Park half from birmingham city centre and is easily accessible from Street (between upper Grosvenor Street and Mount Street) all major road routes and motorway networks. There is which runs parallel to Park Lane in a one way direction ample free parking in the club’s car park right outside the towards oxford Street. main entrance. nearest tube station: nearest train stations: Marble arch birmingham new Street / birmingham Moor Street www.marriott.co.uk www.bcfc.com

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

introducing tHE Auction tEAM

Toby Limbrick Guy Charrison Stuart Elliott Penny Nichol [email protected] [email protected] [email protected] [email protected]

Richard Worrall Sam Moxon Mark Limebear Mike Day [email protected] [email protected] [email protected] [email protected] Energy

COMMERCIAL & DOMESTIC EPCs NATIONWIDE COVERAGE IMMEDIATE RESPONSE

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

NA_Lot Section_MAY 17.indd 1 12/04/2017 15:39 ordEr oF SALE: dAY onE, London

WEdnESdAY 3 MAY 2017 at 2:00 pm Grosvenor House Hotel, 86-90 Park lane, london W1k 7tn

Lot AddrESS Lot AddrESS Lot AddrESS

1 8 st. Marys road, Watford, 16 47 Havengore, Basildon, 28 82 Bushey Hall road, Bushey, Hertfordshire, Wd18 0eF essex, ss13 1Ju Hertfordshire, Wd23 2eQ 2 64 - 70 High street, Potters Bar, 17 Midge Hole Mill, 29 Bury Farm, sharpenhoe road, Hertfordshire, en6 5aB streatley, luton, Bedfordshire, County Brook lane, Foulridge, 3 39b High street, Harrow, lu3 3Ps Colne, lancashire, BB8 7ls Middlesex, Ha1 3Ht 30 3B George street, teignmouth, 4 50 Ingram avenue, aylesbury, 18 l and and former cottage, devon, tQ14 8aH Buckinghamshire, HP21 9dn Bells drove, Welney, Wisbech, 31 t he ordulph arms and terrace, 5 Flat 1 Hanover House, Cambridgeshire, Pe14 9tG Pym street, tavistock, 78 High street, Brentwood, 19 t orcot Flats, 16 norman road, devon, Pl19 0aW essex, CM14 4aP Paignton, devon, tQ3 2Be 32 l and off Beta road, Cove, 6 r ejarne, Carntiscoe road, Farnborough, Hampshire, Gu14 8PJ lelant downs, Hayle, st Ives, 20 113 london road, Bexhill-on-sea, Cornwall, tr27 6ll east sussex, tn39 3lB 33 20 Meadowdale Close, Middlesbrough, Cleveland, ts2 1tJ 7 121 Penny lane, Haydock, 21 93 redhouse road, Cardiff, st. Helens, Merseyside, Wa11 0QX 34 51/51a Plashet road, south Glamorgan, CF5 4FH 8 53 ryedene Close, Basildon, Plaistow, london, e13 0Qa essex, ss16 4te 22 96 Hughenden road, Hastings, 35 Hillsborough, 36 new road, east sussex, tn34 3te 9 1 oakridge lane, aldenham, Port Isaac, Cornwall, Pl29 3sd radlett, Hertfordshire, Wd25 8Bt 23 Warehouse and yard, 36 128b Hurst Grove, Bedford, 10 75 ryedene Close, Basildon, rear of unit 3d rainham road south, Bedfordshire, Mk40 4dt essex, ss16 4te sterling Industrial estate, 37 264 sandridge road, 11 23 Mitchell Close, dartford, dagenham, essex, rM10 8tX st. albans, Hertfordshire, al1 4aJ kent, da1 1PJ 24 47 Gunnersbury avenue, 38 194 seven sisters road, 12 146 rochester Way, Basildon, london, W5 4lP Finsbury Park, london, n4 3nX essex, ss14 3Ql 39 14 rutland street, nelson, 25 High view, Bickerton, 13 Flat 26 Princes Court, lancashire, BB9 7rP Prince avenue, southend-on-sea, kingsbridge, devon, tQ7 2eu essex, ss2 6rn 40 l and to the rear of Pentland avenue, 26 Brynawelon, darowen, Chelmsford, essex, CM1 4dP 14 99 saxon Gardens, Machynlleth, Powys, sY20 8ns shoeburyness, southend-on-sea, 41 33a duke street, Huntly, essex, ss3 9PP 27 3 Westminster Mansions, aberdeenshire, aB54 8dl 15 50 Craylands, Basildon, Westminster drive, Westcliff-on-sea, 42 170 Marmot road, Hounslow, essex, ss14 3rH essex, ss0 9sH Middlesex, tW4 7Pt

ordEr oF SALE: dAY tWo, BirMingHAM

WEdnESdAY 10 MAY 2017 at 11:00 am BIrMInGHaM CItY FootBall CluB, st andreW’s stadIuM, BIrMInGHaM B9 4nH

Lot AddrESS Lot AddrESS Lot AddrESS

51 19 Market Place, Warwick, 54 41 thynne street, West Bromwich, 57 28 Pingle lane, Warwickshire, Cv34 4sa West Midlands, B70 6PH Hammerwich, Burntwood, staffordshire, Ws7 0JJ 52 2, 8, 10, 11 & 12 Fallowfield, 55 75 & 79 Yoxall road, shirley, 29 norfolk road, 58 227 Merridale street West, solihull, West Midlands, B90 3rP edgbaston, Birmingham, Wolverhampton, West Midlands, B15 3Pu 56 Flat 5 saldavian Court, slaney West Midlands, Wv3 0rP 53 1 lawley street, West Bromwich, road, Walsall, West Midlands, 59 u pper lichfield street, Willenhall, West Midlands, B70 9du Ws2 9aG West Midlands, Wv13 1PB

NA_Lot Section_MAY 17.indd 2 12/04/2017 15:39 www.networkauctions.co.uk

iMPortAnt notES For Auction BiddErS

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

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

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

Internet Viewing - Additional Auction Service - Internet Viewing

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

The Essential Information Group Ltd Tel: 0870 112 30 40

NA_Lot Section_MAY 17.indd 3 12/04/2017 15:39 idEntiFicAtion docuMEntS

Important Notice Money Laundering Regulations 2007.

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

PrE-Auction oFFErS

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

cAtALoguE LotS inVitEd

AGENTS OWNERS ENTRIES INVITED INVESTORS foR foRTHCo MING AUCTIo NS l Development opportunities l Sites with & without planning l Residential & commercial investments l Ground rent investments NOW l Land contact us for advice & appraisal of properties TAKING ANywHERE IN THE UK 020 7871 0420 LOTS www.networkauctions.co.uk

4 FOR OUR NEXT AUCTION

NA_Lot Section_MAY 17.indd 4 12/04/2017 15:39

LOCAL EXPERTISE | NATIONAL COVERAGE LOT WATFORD GUIDE PRICE: 1 8 ST. MARYS ROAD, HERTFORDSHIRE, WD18 0EF £165,000+

A 1 bedroom ground floor flat, ideally situated close to the town centre. Description/Location: The property is situated in a residential street close to the town centre, Watford High Street station (0.3 miles) and the Girls Grammar school. There is good potential to increase or remodel the existing accommodation by utilising the store room adjacent to the kitchen. Accommodation: Ground Floor; Front door to entrance hall, bedroom, living room, kitchen, store, bathroom. Energy Rating: E/49 Tenure: Leasehold: 99 years from 01/06/2003 To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Watford Borough Council 01923 226400 www.watford.gov.uk

5 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT POTTERS BAR GUIDE PRICE: 64 - 70 HIGH STREET, HERTFORDSHIRE, EN6 5AB £250,000+ 2 Gross Rents: £99,940 pa

A long leasehold mixed use investment, let producing £99,940 pa subject to head lease rent. Description/Location: The properties are prominently situated at the junction of High Street and Goodacre Close, Potters Bar station 0.7 miles. They front directly onto the High Street and benefit from parking forecourts. Held by way of a FRI lease at a rent of £51,560 pa subject to a review on 25/03/2018 and 7 yearly thereafter assessed at 73.5% of gross rents receivable. Tenure: Leasehold: 99 years expiring 18/08/2067 Important Note: Bids will only be accepted from bidders issued with a bidding authorisation card. Cards will be issued to those who register with the auctioneers at least 72 hours prior to the auction and undertake to provide references in accordance with section 1.3 of the extra special conditions attached to the legal pack.

Address Lessee Type Lease Term Current Rent 64 VIP Nails FRI Until 14 October 2020 (rent review 24.06.16) £9,900 pa 66-68 Dulux Decorating Centre FRI Until 30 April 2027 (rent review 01.05.17) £23,000 pa 66A Technical Detail Limited FRI Until 06 October 2023 (rent review 27.03.18) £14,000 pa 70 Ital Living Limited FRI Until 22 March 2031 (rent review 22.03.21) £30,000 pa 70A Individual AST - 1 bed maisonette To 2 December 2017 £9,900 pa 70B Individual AST - 3 bed maisonette To 31 May 2017 £13,140 pa

Enquiries Please contact Elliott Network Auctions on 01923 240420 Local Authority Hertsmere Borough Council 020 8207 2277 www.hertsmere.gov.uk

6 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT HARROW GUIDE PRICE: 39B HIGH STREET, MIDDLESEX, HA1 3HT £295,000+ 3 Potential rental value £19,200 pa

An exceptionally spacious 3 bedroom flat - 1,003 sq.ft. (source EPC) located in the heart of Harrow on the Hill - Leasehold - Vacant Description/Location: A 3 bedroom flat situated on the 2nd floor of this period building above a small parade on the historic High Street with its selection of cafes, wine bars and restaurants. The property offers flexible accommodation and has a parking space to the rear. Accommodation: Second floor: Entrance hall, living room, kitchen, 3 bedrooms, bathroom. Outside: One parking space, use of communal garden. EPC rating D/66 Tenure: Leasehold - we understand that there are 93 years unexpired. To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Harrow Council 020 8863 5611 www.harrow.gov.uk

7 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT AYLESBURY GUIDE PRICE: 4 50 INGRAM AVENUE, BUCKINGHAMSHIRE, HP21 9DN £130,000 - £140,000

A first floor maisonette with 2 double bedrooms, garden and garage - Leasehold - Vacant Description/Location: Situated in the popular area of Bedgrove and within easy reach of local amenities, the property is fitted with gas central heating and double glazed windows. It also benefits from it's own garden and garage. Closest railway stations are Stoke Mandeville, approx. 1.2 miles and Aylesbury 1.9 miles. Accommodation: First floor: Entrance hallway, lounge, kitchen, bathroom, 2 double bedrooms. Outside: Garden and garage. Tenure: Leasehold - 99 years from the 29th September 1962 To View: Please contact Michael Anthony Network Auctions on 01296 433666 Local Authority: Aylesbury Vale District Council 01296 585858 www.aylesburyvaledc.gov.uk

8 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BRENTWOOD GUIDE PRICE: FLAT 1 HANOVER HOUSE, 78 HIGH STREET, ESSEX, CM14 4AP £165,000+ 5 Current rent reserved £11,400 p.a.

A spacious 1 bedroom first floor flat currently let at £11,400 per annum. Description/Location: This first floor flat is centrally located in the town centre and is 0.4 miles from Brentwood railway station. The block is served by a video entry phone system and also a lift. The property is currently let on an Assured Shorthold Tenancy at £950 per calendar month commencing 09/11/2016. Please note that the photographs shown were taken prior to the commencement of the current tenancy. Accommodation: First floor: Entrance hall, open plan living/dining room and kitchen, bedroom, bathroom. EPC rating C/80 Tenure: Leasehold To View: Please contact Balgores Network Auctions on 01277 216800 Local Authority: Brentwood Borough Council 01277 312500 www.brentwood.gov.uk

9 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT ST IVES GUIDE PRICE: REJARNE, CARNTISCOE ROAD, LELANT DOWNS, HAYLE, £135,000+ 6 CORNWALL, TR27 6LL

A 3 bedroom detached bungalow for refurbishment or development, vacant. Description/Location: The property is of concrete construction and requires cosmetic refurbishment, a Mundic Report dated 03/03/2007 is available from the auctioneers upon request. Lelant Downs is a sought after semi rural location situated on the outskirts of the village of Lelant with easy access to the nearby sandy beaches and towns of Hayle, St Ives and Penzance. The Hayle estuary is an internationally renowned sanctuary for wading birds and area of Special Scientific Interest, there is a rail link at Lelant for the main Penzance to Paddington service at St Erth in addition to the coastal railway to the harbour resort of St Ives. Accommodation: Ground Floor: Sitting room, kitchen, 3 bedrooms, bathroom. Outside: Gardens, driveway and garage. Tenure: Freehold with vacant possession To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Cornwall Council 0300 1234 100 www.cornwall.gov.uk

10 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT ST. HELENS GUIDE PRICE: 7 121 PENNY LANE, HAYDOCK, MERSEYSIDE, WA11 0QX £125,000+

By order of the mortgagees in possession A substantial detached house (2110 sq ft, source EPC) providing flexible accommodation to include 2 self contained annex units, the property requires complete refurbishment. Description/Location: Accommodation across 2 floors comprising 2 x annex units in addition to 3 reception rooms and a kitchen, a cellar plus 3 bedrooms and 3 bathrooms on the first floor. Great potential for conversion to flats, HMO or a variety commercial uses subject to planning. Accommodation: Ground Floor: Entrance hall and stair down to cellar, sitting room, living room, study, kitchen / dining room. Annex 1: entrance hall, kitchen, bedroom, bathroom. Annex 2: entrance hall, kitchen, sitting room, bedroom, bathroom. First Floor: Landing, bedroom, bathroom, 2 large bedrooms both with en-suite bathrooms. Basement: Cellar. Outside: Extensive gardens to the front, side and rear with front gates leading to a parking forecourt. Energy Rating: E/50 Tenure: Freehold with vacant possession. To View: Please contact Network Auctions on 020 7871 0420 Local Authority: St Helens Council 01744 676789 sthelens.gov.uk

11 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE Bridging finance ® Auction finance Commercial mortgages Buy-to-Let mortgages Commercial ﬁnance Development funding

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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 BASILDON GUIDE PRICE: 53 RYEDENE CLOSE, ESSEX, SS16 4TE £69,000+ 8 Current rent reserved at £5,400 pa A studio flat with balcony located approximately 2 miles from Basildon Hospital - Leasehold Description/Location: The property is currently rented at £450 per calendar month and is located approximately 1 mile from Pitsea railway station. Accommodation: First floor: Entrance hall, living room/bedroom, kitchen, bathroom, balcony. EPC rating C/70 Tenure: Leasehold To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Basildon Council 01268 294949 www.basildon.gov.uk

cataloGue lots iNVited

13 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT RADLETT GUIDE PRICE: 9 1 OAKRIDGE LANE, ALDENHAM, HERTFORDSHIRE, WD25 8BT £575,000+

A well presented 4 bedroom detached house occupying a site of 0.38 acres. Freehold, vacant. Description/Location: The property is situated in a rural location within 1 mile of Radlett station. The house is presented in excellent order and the site provides potential for further development subject to planning. There are 2 gated entrances, one leads to an extensive parking forecourt, the other to a self contained yard with parking for commercial type vehicles and a mobile home / store. Accommodation: Ground Floor: Entrance porch, hallway with stairs to the first floor, living room with real fire, large open plan kitchen / family room with dining area and wood burner. First Floor: Landing, 4 bedrooms, bathroom. Outside: Extensive gardens with landscaped areas of lawn and patio, parking for several cars. Yard area to the front with direct gated access from the lane and space to accommodate commercial vehicles, the seller has advised they erected a mobile home on the site in 2005. Tenure: Freehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Hertsmere Borough Council 020 8207 2277 www.hertsmere.gov.uk Auctioneers Note: Completion is 30 working days from 03/05/2017.

14 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE RADLETT 1 OAKRIDGE LANE, HERTFORDSHIRE, WD25 8BT Continued...

15 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BASILDON GUIDE PRICE: 75 RYEDENE CLOSE, ESSEX, SS16 4TE £69,000+ 10 Current rent reserved at £5,400 pa A studio flat with balcony situated approximately 1 mile from Pitsea railway station - Leasehold Description/Location: The property is currently rented at £450 per calendar month and is located approximately 2 miles from Basildon hospital. Accommodation: Second floor: Entrance hall, living room/bedroom, kitchen, bathroom, balcony. EPC rating E/50 Tenure: Leasehold To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Basildon Council 01268 294949 www.basildon.gov.uk

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16 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT DARTFORD GUIDE PRICE: 11 23 MITCHELL CLOSE, KENT, DA1 1PJ £150,000+

A 2 bedroom ground floor maisonette with garden and garage - Leasehold - Vacant Description/Location: This two-bedroom property with rear garden is situated in Dartford and is close to a wide range of local amenities including shops/restaurants and schools such as Oakfield Community Primary School and North Kent College. Bluewater Shopping Centre and Darenth Country Park are also a short distance away. Transport links can be found via Dartford railway station and M25 and A2 road networks. Accommodation: Ground floor: Entrance hall, living room, kitchen, 2 bedrooms, bathroom. Outside: Garden and garage. EPC rating D/59 Tenure: Leasehold - 99 years from 25th December 1962 To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Dartford Borough Council 01322 343434 www.dartford.gov.uk

17 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BASILDON GUIDE PRICE: 146 ROCHESTER WAY, ESSEX, SS14 3QL £120,000+ 12 Current rent reserved at £14,400 pa A 3 bedroom split level maisonette (700 sq.ft source EPC) - Leasehold Description/Location: Located approximately 1.3 miles from Pitsea railway station, the property is currently rented at £1,200 per calendar month. Accommodation: Second floor: Living room, kitchen. Third floor: 3 bedrooms, bathroom. EPC rating D/60 Tenure: Leasehold To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Basildon Council 01268 294949 www.basildon.gov.uk

LOT SOUTHEND-ON-SEA GUIDE PRICE: FLAT 26 PRINCES COURT, PRINCE AVENUE, ESSEX, SS2 6RN £75,000+ 13 Current rent reserved at £6,000 pa A 1 bedroom flat held on a long lease and well placed for both Southend Airport and Hospital. Description/Location: Currently rented at £500 per calendar month, this fifth floor flat has it's own garden area and is extremely well placed for both Southend Airport and hospital. Accommodation: Ground floor: Communal security controlled entrance. Fifth floor: Entrance hall, living room with kitchen area, bedroom, shower room. Outside: Own garden area and storage shed. EPC rating F/22 Tenure: Leasehold To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Southend on Sea Borough Council 01702 215000 www.southend.gov.uk

18 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SOUTHEND-ON-SEA GUIDE PRICE: 99 SAXON GARDENS, SHOEBURYNESS, ESSEX, SS3 9PP £109,000+ 14 Current rent reserved at £10,200 pa A 3 bedroom split level maisonette - 990 sq.ft ( source EPC ) within 0.5 miles of Thorpe Bay C2C station - Leasehold Description/Location: Currently rented at £850 per calendar month, this three bedroom maisonette in the heart of Shoeburyness is conveniently located for local amenities and Thorpe Bay C2C mainline station with routes to London Fenchurch Street Station. The property has gas central heating. Accommodation: Second floor: Living room, kitchen. Third floor: 3 bedrooms, bathroom, separate wc. EPC rating D/60 Tenure: Leasehold To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Southend on Sea Borough Council 01702 215000 www.southend.gov.uk

LOT BASILDON GUIDE PRICE: 50 CRAYLANDS, ESSEX, SS14 3RH £120,000+ 15 Current rent reserved £14,400 pa A 3 bedroom split level maisonette (861 sq.ft -source EPC) - Leasehold Description/Location: The property is currently let on an assured shorthold tenancy producing £1,200 per calendar month. Pitsea railway station is approximately 1.3 miles and Basildon railway station 1.5 miles. Accommodation: Second floor: Living room, kitchen. Third floor: 3 bedrooms, bathroom. EPC rating E/48 Tenure: Leasehold To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Basildon Council 01268 294949 www.basildon.gov.uk

19 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BASILDON GUIDE PRICE: 47 HAVENGORE, ESSEX, SS13 1JU £77,000+ 16 Current rent reserved at £5,400 pa A first floor studio apartment with balcony - 344 sq.ft. ( source EPC ) - Leasehold Description/Location: This studio apartment is approximately 1 .3 miles from Pitsea railway station and is curretly rented at £450 per calendar month. Accommodation: First floor: Living room/bedroom, kitchen, bathroom, balcony. EPC rating E/49 Tenure: Leasehold To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Basildon Council 01268 294949 www.basildon.gov.uk

LOT COLNE GUIDE PRICE: MIDGE HOLE MILL, COUNTY BROOK LANE, FOULRIDGE, £10,000 - £12,000 17 LANCASHIRE, BB8 7LS The freehold site of a former water mill, approximately 0.23 acres, development potential, vacant. Description/Location: The site extends to approximately 932 sq m and has potential for further development subject to planning consent. Situated in the village of Foulridge near Colne. Nearby, Mount Pleasant Methodist Church on County Brook Lane is now a private dwelling. Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Pendle Borough Council 01282 661661 www.pendle.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £1200 including VAT as a contribution towards the sellers auction costs.

20 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WISBECH GUIDE PRICE: LAND AND FORMER COTTAGE, BELLS DROVE, WELNEY, £25,000+ 18 CAMBRIDGESHIRE, PE14 9TG

A freehold site of 0.25 acres, formerly the site of a now derelict cottage, development potential, vacant. Description/Location: The site is situated adjacent to a number of semi detached and detached dwellings and is surrounded by attractive countryside. Potential for a detached dwelling or dwellings subject to the necessary consents. A planning application Ref: 01/00863/FUL for the erection of detached cottage style dwelling on site of former cottage was refused on 01/11/2001. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: East Cambridgeshire District Council 01353 66555 www.eastcambs.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £1200 including VAT as a contribution towards the sellers auction costs.

21 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT GUIDE PRICE: PAIGNTON £285,000+ 19 TORCOT FLATS, 16 NORMAN ROAD, DEVON, TQ3 2BE Current rental £40,560 per annum

A freehold investment opportunity comprising 2 x 2 bedroom, 3 x 1 bedroom and 2 x studio flats, let on Assured Shorthold Tenancies producing £40,560 pa. Description/Location: The property is situated in a quiet no through road within a short level walk of Paignton seafront and the pier. The property has 2 parking spaces at the rear. We understand that the property has been let in its current format for the last 10 years by the present owner. Tenure: Freehold To View: Please contact Charles Darrow Network Auctions on 01626 330022 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk

Floor Accommodation Current Rent Start date and term of lease Ground floor 2 bedroom flat £140 per week 6 month AST from 03/02/2014 Ground floor 1 bedroom flat £120 per week 6 month AST from 14/01/2017 First floor 1 bedroom flat £100 per week 6 month AST from 03/02/2017 First floor Studio flat £70 per week 6 month AST from 18/12/2016 Second floor Studio flat £80 per week 6 month AST from 06/06/2014 Second floor 1 bedroom flat £100 per week 6 month AST from 16/10/2015 Top floor 2 bedroom flat £110 per week 6 month AST from 05/09/2016 Rear 2 x parking spaces £60 per week By mutual arrangement

22 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BEXHILL-ON-SEA GUIDE PRICE: 113 LONDON ROAD, EAST SUSSEX, TN39 3LB £56,000+ 20 Ground Rent Reserved: £250 pa

Vacant ground floor shop with 2 flats above Description/Location: A vacant shop of approximately 330 sq/ft. In addition there are 2 flats above which have been sold off on long leases and produce a total ground rent of £125 p.a. There is also a parcel of land to the rear of offering potential development subject to the relevant consents. Accommodation: Shop: Vacant, approx 330 sq/ft. Flat 113A: 99 year lease from 29th September 2004. Flat 113B: 99 year lease from 15th August 2003. Energy Rating D80 Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Rother District Council 01424 787000 www.rother.gov.uk

23 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT CARDIFF GUIDE PRICE: 21 93 REDHOUSE ROAD, SOUTH GLAMORGAN, CF5 4FH £80,000 - £85,000

By order of the executors A 3 bedroom semi detached house with driveway and gardens, vacant Description/Location: The property is situated in an established residential location, Waun-gron Park station 0.9 miles. The house is habitable but will benefit from cosmetic refurbishment. Accommodation: Ground Floor: Entrance hall, 2 reception rooms, kitchen. First Floor: Landing, 3 bedrooms, bathroom. Outside: Front garden and driveway, rear garden. Tenure: Freehold To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Vale of Glamorgan Council 01446 700111 www.valeofglamorgan.gov.uk

LOT HASTINGS GUIDE PRICE: 22 96 HUGHENDEN ROAD, EAST SUSSEX, TN34 3TE £129,000+ A freehold 2 bedroom house requiring modernisation. Vacant possession. Description/Location: An attractive 2 double bedroom, 2 reception, bay fronted terraced house requiring modernisation. The property benefits from double glazing and gas central heating. The property is conveniently positioned for local amenities. Ore railway station 0.3 miles, Hastings railway station 0.7 miles Accommodation: Ground Floor Entrance hall, living room, dining room, kitchen. First Floor 2 double bedrooms, bathroom. Outside Front and rear gardens Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: East Sussex County Counci 0345 608 0190 www,eastsusssex.gov.uk

24 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT DAGENHAM GUIDE PRICE: WAREHOUSE AND YARD, REAR OF UNIT 3D RAINHAM ROAD £450,000+ 23 SOUTH, STERLING INDUSTRIAL ESTATE, ESSEX, RM10 8TX

A freehold site comprising a single storey warehouse of 2188 sq ft on a secure site of 0.22 acres, development potential, vacant. Description/Location: Situated in a well established industrial location adjacent to Dagenham & Redbridge FC, access to the estate is via a gated and monitored entrance. The site provides great potential to extend or develop the existing warehouse subject to planning and will be of interest to developers and owner occupiers. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: London Borough of Barking and Dagenham 020 8215 3000 www.lbbd.gov.uk

25 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LONDON GUIDE PRICE: 47 GUNNERSBURY AVENUE, W5 4LP £1,950,000+ 24 Current rent reserved £84,876 pa

A substantial freehold investment property comprising 1 x 4 bedroom, 1 x 3 bedroom, 1 x 2 bedroom and 1 x 1 bedroom apartments, all let on ASTs. Potential for further development to create more apartments subject to planning and to increase the current rental income. Description/Location: The property is conveniently situated for both Ealing Broadway and Ealing Common stations providing for underground and overground links to Central London. There is potential to extend to the rear to create an additional apartment/s subject to planning. Accommodation: Ground floor: Flat 1 - entrance hall, living area, kitchen, master bedroom with en suite, 3 further bedrooms, shower room and garden. EPC rating D/63 Ground floor: Flat 2 - entrance hall, living area, kitchen, bedroom, bathroom and garden. EPC rating C/73 First floor: Flat 3 - entrance hall, living room, 3 bedrooms and bathroom. EPC rating D/61 First and second floor: Flat 4 - entrance hall, living room, kitchen, 2 bedrooms and bathroom. EPC rating D/64 Tenure: Freehold To View: Please contact Smile Network Auctions on 020 8571 7614 Local Authority: London Borough of Ealing 020 8825 5000. www.ealing.gov.uk

26 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LONDON 47 GUNNERSBURY AVENUE, W5 4LP Continued...

27 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT KINGSBRIDGE GUIDE PRICE: 25 HIGH VIEW, BICKERTON, DEVON, TQ7 2EU £375,000+

A 4 bedroom house (1776 sq ft, source EPC) occupying a site of approximately 0.7 acres with a self contained annex and a barn with consent for conversion to 3 bedroom holiday accommodation. Freehold, vacant. Description/Location: Bickerton is situated in the beautiful South Hams countryside close Hallsands beach and the dramatic headland of Start Point. The South Devon Coastal Path is nearby leading to many coves and beaches along the stunning coastline. Planning Ref: 53/0753/15/F (150672) for conversion of the barn to 2 storey, 3 bedroom holiday accommodation. Accommodation: Ground Floor: Living room, dining room, glass walled sitting room, kitchen, 2 en-suite bedrooms, bathroom. colour="31,0,95,0">Lower Ground Floor: Front door to glass walled studio, bedroom. colour="31,0,95,0">Annex: Ideal for holiday letting, self contained with a front door leading to a hall with kitchen area, sitting room / bedroom, shower room, double bedroom. Outside: Landscaped gardens and hard standing parking area. colour="31,0,95,0">Detached Barn: Stone construction with power, light, water and roller shutter garage door. Services: Mains electricity and water, private drainage. Energy Rating: F/36 (house) E/44 (annex). To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: South Hams District Council 01803 81234 www.southhams.gov.uk

28 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE KINGSBRIDGE HIGH VIEW, DEVON, TQ7 2EU Continued...

29 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT MACHYNLLETH GUIDE PRICE: 26 BRYNAWELON, DAROWEN, POWYS, SY20 8NS £95,000+

A 3 bedroom detached bungalow (914 sq ft, source EPC) that will benefit from cosmetic refurbishment. The property occupies a site of 0.19 acres and enjoys far reaching views, vacant. Description/Location: The property is of Wooloway construction (concrete section / timber frame) situated in a rural hamlet in the beautiful Mid Wales countryside just south of the Dyfi Valley. The property provides spacious accommodation which is habitable but will benefit from some modernisation, it enjoys stunning views to the rear. Accommodation: Ground Floor: Entrance hall, living room, kitchen, 3 bedrooms, bathroom. Outside: Front garden with driveway to car port and garage, rear garden. Energy Rating: F/28 Tenure: Freehold with vacant possession To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Powys County Council 0845 602 7054 www.powys.gov.uk

30 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WESTCLIFF-ON-SEA GUIDE PRICE: 3 WESTMINSTER MANSIONS, WESTMINSTER DRIVE, ESSEX, £129,000+ 27 SS0 9SH Current Rent Reserved: £7992 pa A spacious 3 bedroom top floor flat (581 sq ft, source EPC) with a private garden, let on an assured shorthold tenancy producing £7992 pa. Description/Location: The property is situated in a sought after residential location close to the A13 with transport links to Southend High Street and shopping facilities. Westcliff Station (0.9 miles) provides direct links to London’s Fenchurch street. The flat provides double glazing and gas heating via radiators, it is let on an AST (now periodic) producing £666 pcm. Accommodation: Second Floor: Front door to entrance hall, living room, 3 bedrooms, bathroom. Outside: Private area of rear garden. Energy Rating: E/54 Tenure: Leasehold: 99 years from 01/01/1977 To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Southend on Sea Borough Council 01702 215000 www.southend.gov.uk

LOT BUSHEY GUIDE PRICE: 82 BUSHEY HALL ROAD, HERTFORDSHIRE, WD23 2EQ £695,000+ 28 £51,000 p.a. A substantial 4 bedroom semi detached house with a rear garden of 100 ft, currently arranged as an HMO, freehold. Description/Location: A character 4 bedroom semi detached house situated in the popular area of Bushey. The property is currently let as a 6 room HMO (house of multiple occupation) producing an annual rent of £51,000. The rooms are let on 6 month assured shorthold tenancies. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Hertsmere Borough Council 020 8207 2277 www.hertsmere.gov.uk

31 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LUTON GUIDE PRICE: BURY FARM, SHARPENHOE ROAD, STREATLEY, £275,000+ 29 BEDFORDSHIRE, LU3 3PS

An attractive and spacious 3 bedroom semi detached period house occupying a site of approximately 0.38 acres with potential for development, vacant. Description/Location: The property is situated in the sought after village of Streatley and enjoys far reaching countryside views to the front and rear. The property is an unfinished project and requires refurbishment, the large plot faces south west and combined with a derelict outbuilding provides great potential for extension or development subject to planning. Accommodation: Ground Floor: Entrance hall, living room with fireplace, dining room with log burner, kitchen. Cellar: Door and staircase from the entrance hall, excellent storage space, small window to ground level. First Floor: Landing, 3 double bedrooms, bathroom. Outside: Large gravel driveway with parking for multiple vehicles, extensive rear garden with derelict outbuilding. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Central Bedfordshire Council 0300 300 8301 www.centralbedfordshire.gov.uk Japanese Knotweed was previously discovered on site, a horticulturists report is available from the auctioneers on request.

32 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT TEIGNMOUTH GUIDE PRICE: 3B GEORGE STREET, DEVON, TQ14 8AH £85,000 - £95,000 30 Estimated rental income £6,600 pa

A 2 bedroom split level apartment situated in the heart of Teignmouth, previously let at £6,300 per annum - vacant Description/Location: Situated in the centre of the popular seaside resort of Teignmouth this spacious apartment has accommodation on 2 levels with views to the main thoroughfare from the living room. The property was recently let at £6,300 per annum. Accommodation: First floor: Kitchen/dining room, hallway, living room, bathroom Second floor: 2 bedrooms Outside: Paved courtyard EPC rating F/31 Tenure: Leasehold To View: Please contact Dart & Partners on 01626 772507 Local Authority: Teignbridge District Council 01626 361101 www.teignbridge.gov.uk

33 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT TAVISTOCK GUIDE PRICE: THE ORDULPH ARMS AND TERRACE, PYM STREET, DEVON, £375,000+ 31 PL19 0AW

An substantial Grade II listed bar and restaurant in the centre of the historic town of Taistock with residential accommodation to the upper floor. May suit change of use subject to planning. Freehold - Vacant Description/Location: A historic Grade II listed property which has in recent years been the subject of a significant investment with the addition of the first floor ‘Terrace Restaurant’. The property incorporates a ground floor public bar, first floor restaurant and lounge bar, outdoor dining terrace and commercial kitchen. The private areas include 3 x 1 bedroom apartments and 2 x studio apartments. Tavistock is an ancient stannary (tin-assaying and tin-marketing) town on the south-west edge of Dartmoor National Park, 15 miles north of the maritime city of Plymouth. Accommodation: Ground floor: Large open plan public bar lounge area, Snug, Vestibule, Kitchen and food prep area, Store Room, Ladies and gentlemen’s wc's, office. First floor: Restaurant, which could seat 60+, is self-contained with a private staircase entrance and lift and includes Bar, Ante Room, private dining area. The restaurant could be used as a private function rooms for circa (100+) covers. Glazed doors lead to outside terrace. Ladies and gentlemen’s wc's. Second floor: 3 x 1 bedroom apartments and 2 studios. Outside: There is a courtyard via an archway to the front of the property which provides parking. Tenure: Freehold To View: Please contact Charles Darrow Network Auctions on 01626 330022 Local Authority: West Devon Borough Council 01822 813600 www.westdevon.gov.uk

34 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT FARNBOROUGH GUIDE PRICE: 32 LAND OFF BETA ROAD, COVE, HAMPSHIRE, GU14 8PJ £35,000+ A freehold plot (approx 0.03 acres) with development potential for a residential dwelling subject to planning Description/Location: A parcel of freehold land situated in a residential area with development potential subject to obtaining all necessary planning consents. Tenure: Freehold Joint Auctioneers: Please contact Clive Slade Network Auctions on 07463 206666. Local Authority: Rushmoor Borough Council 01252 398399 www.rushmoor.gov.uk Auctioneers Note: The coloured plan is for identification purposes, bidders should refer to the legal pack for confirmation of the site boundary.

LOT MIDDLESBROUGH GUIDE PRICE: 20 MEADOWDALE CLOSE, CLEVELAND, TS2 1TJ £28,000 33 Estimated Rental Value: £4800 pa A 3 bedroom mid terrace house, ideal for investment or occupation Description/Location: The property is situated on the east side of Meadowdale Close near local shops. More facilities are available in Middlesbrough town centre to the south. The house benefits from off street parking and gas fired central heating. The house was recently let at £390 pcm. Accommodation: Ground Floor: Entrance hall, reception room, kitchen. First Floor: Landing, 3 bedrooms, bathroom. Outside: Gardens front and rear. Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Middlesbrough Council 01642 245432 www.middlesbrough.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £1200 including VAT as a contribution towards the sellers auction costs.

35 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LONDON GUIDE PRICE: 51/51A PLASHET ROAD, PLAISTOW, E13 0QA £450,000+ 34 Current Rent Reserved: £15,000

A 3 storey freehold building, comprising ground floor shop and basement (vacant) with a 3 bedroom duplex flat above (let on an AST), development potential Description/Location: The property is situated on Plashet Road near the junction with Dacre Road, Upton Park tube 0.4 miles. The adjoining property (53) was granted planning consent in 2013 to convert the former ground floor retail unit into a 1 bedroom flat, there is good potential to convert the ground floor and basement (51) into a self contained flat or create a large single dwelling subject to planning. The flat (51A) is let on an AST producing £1250 pcm. Accommodation: Ground Floor: Retail area 434 sq ft, WC. Basement: 277 sq ft, restricted roof height. First Floor and attic: 892 sq ft, 3 rooms, kitchen, bathroom, attic room. Outside: Rear yard. Energy Ratings: 51- E, 51A - D. Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: London Borough of Newham 020 8430 2000 www.newham.gov.uk

36 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT PORT ISAAC GUIDE PRICE: 35 HILLSBOROUGH, 36 NEW ROAD, CORNWALL, PL29 3SD £295,000+

Exciting freehold development opportunity in Port Issac - Vacant Description/Location: Set on a large plot in this favoured location, the property offers the opportunity of redevelopment to create a large four bedroom split level house with an integral 2 bedroom annexe on the lower ground floor (subject to detailed planning permission) or refurbish the existing detached dormer bungalow. Outline Planning consent PA16/03654 was granted in June 2016 to replace the existing house with a new dwelling. Accommodation: Existing property: Ground floor: Entrance hall, 2 reception rooms, kitchen, 2 bedrooms, bathroom. First floor: Loft room. Outside: Large gardens, ample parking. Energy Rating : G/15 Tenure: Freehold - vacant possession. To View: Please contact My Place in Cornwall Network Auctions on 01208 813874. Local Authority: Cornwall Council 0300 1234 100 www.cornwall.gov.uk

37 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BEDFORD GUIDE PRICE: 36 128B HURST GROVE, BEDFORDSHIRE, MK40 4DT £145,000+

A very spacious ( 846 sq.ft. - 78.5 sq.m ) 3 double bedroomed apartment with loft area which could provide further accommodation, subject to any necessary consents - Vacant Description/Location: This exceptionally spacious first floor apartment occupies the first floor of this attractive detached house which is within walking distance of the mainline railway station and Bedford town centre. There is a large loft space which could potentially provide further accommodation subject to any necessary permissions or approvals. The property has been refurbished throughout and is fitted with gas central heating and double glazing. Accommodation: Ground floor: Entrance hall with stairs to first floor. First floor: Living room, kitchen, 3 double bedrooms, shower room, access to loft space. EPC rating E/53 Tenure: We understand that the property owns 50% of the freehold interest in the building. To View: Please contact Lane & Holmes Network Auctions on 01234 327744 Local Authority: Bedford Borough Council 01234 267422 www.bedford.gov.uk

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

LOT ST. ALBANS GUIDE PRICE: 264 SANDRIDGE ROAD, HERTFORDSHIRE, AL1 4AJ £1,050,000 37 Current Rent Reserved: £13,800 pa

A development site of 0.17 acres comprising a modern 2 bedroom / 2 bathroom detached bungalow (1206 sq ft, source EPC) and planning for an additional, detached 4 bedroom / 3 bathroom house with garage. Description/Location: The property is situated in a sought after tree lined road convenient for well regarded schooling, St Albans City Centre and Bernards Heath open space. St Albans Station 1.1 miles. The bungalow provides spacious accommodation, planning granted for a first floor addition creating a 2 storey, 4/5 bedroom dwelling. The bungalow is let on an AST (now periodic) producing £1150 pcm. The new dwelling was granted planning consent by St Albans City and District Council Ref: 5/2016/1656 on 26/08/2016. Plans and notices for both schemes are available from the local authority website. Accommodation: Existing Bungalow Entrance hall, dual aspect living room, kitchen / breakfast room, utility room, master bedroom with en-suite bathroom, double bedroom, family bathroom. Outside: Gardens front and rear, brick outbuilding approx. 15 ft x 10 ft. Energy Rating: D/56 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: St Albans City and District Council 01727 866100 www.stalbans.gov.uk

40 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE ST. ALBANS 264 SANDRIDGE ROAD, HERTFORDSHIRE, AL1 4AJ Continued...

41 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LONDON GUIDE PRICE: 194 SEVEN SISTERS ROAD, FINSBURY PARK, N4 3NX SOLD PRIOR 38 Current Rent Reserved: £37,560 pa

By order of the liquidator A freehold mixed use building comprising a retail unit to the ground floor and basement and 3 x 1 bedroom flats above. Description/Location: Ideal central location close to Finsbury Park tube (0.2 miles). The ground floor and basement is arranged as a retail unit, let informally at a current rent of £15,000 pa. The ground floor and basement requires refurbishment, there is potential to develop the outside space to the rear subject to planning. The flats are let on an AST (now periodic) to a managing agent at a collective rent of £1880 pcm, there is great potential to increase the rents in line with current market rates. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Islington council 020 7527 2000 www.islington.gov.uk

42 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT NELSON GUIDE PRICE: 14 RUTLAND STREET, LANCASHIRE, BB9 7RP £32,500+ 39 Estimated Rental Value: £3600 pa A 2 bedroom mid terrace house, ideal for investment or occupation. Description/Location: A mid terrace dwelling situated in a popular residential area off Leeds Road, located a short distance away from local amenities and schools, Nelson Station 0.6 miles. Accommodation: Ground Floor: Living room, kitchen. First Floor: Landing, 2 bedrooms, bathroom. Outside: Rear yard. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Pendle Borough Council 01282 661661 www.pendle.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £1200 including VAT as a contribution towards the sellers auction costs.

LOT CHELMSFORD GUIDE PRICE: 40 LAND TO THE REAR OF PENTLAND AVENUE, ESSEX, CM1 4DP £29,000+ A freehold site of 0.02 acres with lapsed planning consent for the erection of a 2 storey detached workshop with associated parking, development potential, vacant. Description/Location: Situated to the rear of Broomfield Road shopping parade, adjacent to recent residential development on Pentland Avenue. Copies of the planning permission at Chelmsford City Council website under Reference - 06/01651/FUL. Potential to reinstate the original planning consent or develop the site for commercial / residential use subject to planning. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £1200 including VAT as a contribution towards the sellers auction costs.

43 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT HUNTLY GUIDE PRICE: 33A DUKE STREET, ABERDEENSHIRE, AB54 8DL SOLD PRIOR 41 Estimated Rental Value: £9,600 pa

A spacious 3 bedroom duplex maisonette (1593 sq/ft, source Home Report) requiring refurbishment. Ideal rental investment, estimated rental value £9,600 pa. Description/Location: The property is situated in the town center and provides general accommodation, we estimate the potential rental value is £800 pcm, the Home Report dated 27 October 2015 stated market value in present condition was £90,000. Accommodation: First Floor: Entrance hall, 2 reception rooms, kitchen, bedroom, bathroom. Second Floor: 2 bedrooms. Energy Rating: F/21 Tenure: Feudal To View: Please contact Network Auctions on 020 7871 0420

44 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT GUIDE PRICE: HOUNSLOW £190,000+ 170 MARMOT ROAD, MIDDLESEX, TW4 7PT 42 Current Rent Reserved: £15,000 pa

A spacious 2 bedroom split level flat (796 sq ft, source EPC) currently let on an AST producing £15,000 pa Description/Location: The property is of concrete construction and ideally situated in Hounslow West, convenient for Heathrow, Hounslow West tube 0.6 miles. The property is let on an AST producing £1250 pcm. Accommodation: Living room, kitchen, 2 bedrooms, bathroom. Unreserved parking for residents and guests. Tenure: Leasehold: 124 years unexpired, ground rent £50 pa. To View: Please contact Clive Slade Network Auctions on 07463 206666. Local Authority: London Borough of Hounslow 020 8583 5555 www.hounslow.gov.uk

45 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT STANMORE GUIDE PRICE: 43 53 WETHERAL DRIVE, MIDDLESEX, HA7 2HQ £565,000+

A 4 bedroom semi detached house (1022 sq ft, source EPC) requiring refurbishment, vacant. Description/Location: Situated in an established and sought after residential location, Canons Park tube 0.8 miles and convenient for a number of well regarded schools. The house provides generous, family accommodation with potential for further extension to the rear. Accommodation: Ground Floor: Entrance hall and cloakroom/wc, living room, conservatory, kitchen/breakfast room. First Floor: Landing with loft access, 4 bedrooms, bathroom. Outside: Front garden with driveway to garage, rear garden extends approximately 60 ft depth. Energy Rating: D/61 Tenure: Freehold To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Harrow Council 020 8863 5611 www.harrow.gov.uk

46 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT STOKE-ON-TRENT GUIDE PRICE: PLOUGH MOTEL, CAMPBELL ROAD, STAFFORDSHIRE, ST4 4EN £1,100,000 - £1,200,000 44 Ground Rents: £100,000 pa rising

Freehold ground rent investment secured on a 36 room hotel and restaurant occupying a site of 0.69 acres. Description/Location: Occupying a prominent position in the heart of Stoke on Trent, adjacent to one of the city's major employers Michelin and opposite the Britannia Stadium. The property comprises a popular commercial motel, busy sports bar and restaurant. The original building is a 2 storey public house with spacious bars and dining areas, to the rear are 2 contemporary purpose built blocks containing 36 en suite letting rooms. The freehold title is subject to a new 125 year lease producing ground rent of £100,000 pa rising every 25 years. We are advised that the leaseholder is currently subletting at a rent equivalent to £169,000 pa. Accommodation: Public House and Restaurant: Large public bar with servery, pool area, 60 cover restaurant, trade kitchen, storage and cellarage. On the first floor is a 2 bedroom managers flat with lounge, kitchen and bathroom. Potential to extend the first floor accommodation to create additional letting rooms subject to planning. Accommodation: 36 en suite twin and double rooms. Outside: Tarmac car park for 50 vehicles with potential for further development subject to planning. Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Stoke on Trent City Council 01782 234567 www.stoke.gov.uk

47 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT TEIGNMOUTH GUIDE PRICE: 45 3A GEORGE STREET, DEVON, TQ14 8AH £75,000+

A very spacious 3 bedroom split level flat (947 sq ft, source EPC) requiring refurbishment, vacant. Description/Location: The property is ideally situated in the town centre above a retail parade and close to the seafront. There are 3 double bedrooms, 2 reception rooms, a kitchen and bathroom to the second floor with 3 further rooms in the loft space currently accessed via a space saver staircase. In addition to the loft rooms there is extensive further eaves space providing potential for additional accommodation subject to the necessary consents. Accommodation: Second Floor: Entrance to the rear with stairs to the second floor. Private front door to kitchen, inner hallway, living room with door to dining room/study, 3 double bedrooms, shower room. Loft Space: Currently arranged as 3 rooms, additional eaves space with potential for further accommodation. Energy Rating : G/15 Tenure: Leasehold: 99 years from 1988 To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Teignbridge District Council 01626 361101 www.teignbridge.gov.uk

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

Hill and clark network auctions rolfe east network auctions Goodchilds network auctions Holbeach Pe12 London W13 (northfields) sutton coldfield B74 tel: 01406 420066 tel: 020 8579 1111 tel: 0121 323 4691 www.hillandclark.co.uk www.rolfe-east.com www.goodchilds-uk.com Balgores network auctions rolfe east network auctions Goodchilds network auctions Hornchurch rM11 London W5 (ealing) tamworth B79 tel: 01708 470756 tel: 020 8567 2242 Our tel: 01827 54156 www.balgoresproperty.co.uk www.rolfe-east.com Victor Michael network auctions www.goodchilds-uk.com rolfe east network auctions London e11 (Leytonstone) London W5 (acton) redstones network auctions tel: 020 3208 0007 tel: 020 8993 7755 telford tF3 (shropshire) Partner www.victormichael.com www.rolfe-east.com tel: 01952 787 777 Victor Michael network auctions www.redstones.co.uk London e13 (canning town) Labbett coast & country auctiOneers tel: 020 7540 9696 Property auctions Balgores network auctions www.victormichael.com Malden (essex) upminster rM14 tel: 01702 445584 Goodchilds network auctions Haigh & sons network auctions Victor Michael network auctions tel: 01708 259530 www.networkauctions.co.uk aldridge Ws9 Bristol Bs6 London e15 (stratford) www.balgoresproperty.co.uk tel: 01922 745512 tel: 0117 973 5889 tel: 020 8519 2000 stratford network auctions www.goodchilds-uk.com www.haighandsons.co.uk My Place in cornwall www.victormichael.com Milton Keynes MK17 network auctions Hartwell network auctions Goodchilds network auctions Grey & co network auctions tel: 01908 630100 aylesbury HP20 Wadesbridge PL27 (cornwall) Burntwood Ws7 London Ha0 (Wembley) www.stratfords.co.uk tel: 01296 710200 tel: 01543 687803 tel: 01208 813874 tel: 020 8903 3909 charles Darrow network auctions www.hartwellpartnership.co.uk www.goodchilds-uk.com www.myplaceincornwall.co.uk www.greyandco.net newton abbot tQ12 Balgores network auctions Goodchilds network auctions Goodchilds network auctions Hinton & Downes network auctions tel: 01626 330022 Basildon ss14 cannock Ws11 London Ha3 (Harrow) www.charlesdarrow.co.uk Walsall Ws3 tel: 01268 271110 tel: 01543 500011 tel: 020 8861 1066 tel: 01922 711444 www.balgoresproperty.co.uk Quay Living network auctions www.goodchilds-uk.com www.hintonanddownes.co.uk www.goodchilds-uk.com Poole BH5 Lane & Holmes network auctions Balgores network auctions Woodlands network auctions tel: 01202 683444 redstones network auctions Bedford MK40 chelmsford cM1 London iG1 (ilford) www.quayliving.co.uk Walsall Ws1 (West Midlands) tel: 01234 327744 tel: 01245 492424 www.hea.co.uk tel: 020 8554 5544 tel: 01922 235 350 www.balgoresproperty.co.uk www.woodlandltd.co.uk Power Bespoke network auctions www.redstones.co.uk Belvoir network auctions richard Godsell network auctions reigate rH2 9rJ Birmingham B18 clive slade network auctions tel: 01737 246777 christchurch BH23 London Kt1 (Kingston) elliott network auctions tel: 0121 212 0122 tel: 01202 499466 www.powerbespoke.co.uk Watford WD17 www.belvoir.co.uk tel: 07463 206666 www.richardgodsell.com www.cgspropertyconsultants.co.uk Balgores network auctions tel: 01923 240420 Goodchilds network auctions Belvoir network auctions romford rM1 2Hu www.networkauctions.co.uk Birmingham B3 Bennett & Walden network auctions Daventry nn11 tel: 01708 755507 tel: 0121 506 7670 London n14 (southgate) Goodchilds network auctions tel: 01327 703000 www.balgoresproperty.co.uk www.goodchilds-uk.com tel 0208 886 1666 Wednesbury sW10 www.belvoir.co.uk www.bennett-walden.co.uk Marshalls network auctions Lettings & sales network auctions tel: 0121 506 7670 Goodchilds network auctions royston sG8 Birmingham B23 6Lt Bennett & Walden network auctions www.goodchilds-uk.com erdington B23 tel: 01763 247788 tel: 0121 603 2727 London n21 (Palmers Green) tel: 0121 270 9744 Goodchilds network auctions www.lettings-sales.com tel: 020 8886 1777 www.marshallsproperties.co.uk www.goodchilds-uk.com www.bennett-walden.co.uk Wednesfield WV11 Pennycuick collins thurman rye network auctions tel: 01902 305044 network auctions Belvoir network auctions Queens Park network auctions southampton sO31 Birmingham B16 Grantham nG31 London nW6 tel: 023 8045 8054 www.goodchilds-uk.com tel: 01476 542100 tel: 0121 456 1700 tel: 020 7372 5950 www.thurmanrye.co.uk Goodchilds network auctions www.belvoir.co.uk www.queensparkrealestates.co.uk www.pennycuick.co.uk richard Godsell network auctions Wellington tF1 surelock network auctions Balgores network auctions christies network auctions southbourne BH6 tel: 01952 701019 Gravesend Da12 Birmingham B25 London sM3 (cheam) tel: 01202 424214 www.goodchilds-uk.com tel: 01474 369955 tel: 0121 400 7980 tel: 020 8770 1624 www.richardgodsell.com www.surelockhomes.co.uk www.balgoresproperty.co.uk www.christiesworld.com Hartwell network auctions Hill & clark network auctions Belvoir network auctions Diamond Move network auctions Wing Lu7 eric clarke network auctions spalding Pe11 Guildford Gu1 London tW4 (Hounslow) tel: 01296 688889 Bolton BL4 tel: 01775 725300 tel: 01204 571283 tel: 01483 537200 tel: 020 8577 8855 www.hartwellpartnership.co.uk www.belvoir.co.uk www.hillandclark.co.uk www.ericclarke.co.uk www.diamondmove.co.uk redstones network auctions Goodchilds network auctions Hill & clark network auctions Goodchilds network auctions rolfe east network auctions Wolverhampton WV1 stafford st16 Boston Pe21 Lichfield Ws13 London tW7 (isleworth) tel: 01902 504455 tel: 01543 251310 tel: 020 8568 4422 tel: 01785 225791 tel: 01205 352019 www.redstones.co.uk www.hillandclark.co.uk www.goodchilds-uk.com www.rolfe-east.com www.goodchilds-uk.com Victor Michael network auctions Balgores network auctions richard Godsell network auctions rolfe east network auctions Goodchilds network auctions Brentwood cM14 Highcliffe BH23 London uB6 (Greenford) stoke-on-trent st1 Woodford Green iG8 (essex) tel: 01277 216800 tel: 01425 272163 tel: 020 8575 1144 tel: 01782 206713 tel: 0208 559 7040 www.balgoresproperty.co.uk www.richardgodsell.com www.rolfe-east.com www.goodchilds-uk.com www.victormichael.com

www.networkauctions.co.uk to find out more about selling property at auction or to discuss becoming an auction partner please contact us. 30020 7871 0420 | [email protected]

NA_Partner Ad_2017.indd 30 12/04/2017 14:14 DAY TWO: BIRMINGHAM WEDNESDAY 10 MAY 2017 at 11:00 am

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

ORDER OF SALE: DAY TWO, BIRMINGHAM

WEDNESDAY 10 MAY 2017 at 11:00 am birmingham city football club, st andrew’s stadium, birmingham b9 4nh

LOT ADDRESS

51 19 market Place, warwick, warwickshire, cV34 4sa

52 2, 8, 10, 11 & 12 fallowfield, 29 norfolk road, edgbaston, birmingham, west midlands, b15 3Pu

53 1 lawley street, west bromwich, west midlands, b70 9du

54 41 thynne street, west bromwich, west midlands, b70 6Ph

55 75 & 79 yoxall road, shirley, solihull, west midlands, b90 3rP

56 f lat 5 saldavian court, slaney road, walsall, west midlands, ws2 9ag

57 28 Pingle lane, hammerwich, burntwood, staffordshire, ws7 0JJ

58 227 merridale street west, wolverhampton, west midlands, wV3 0rP

59 u pper lichfield street, willenhall, west midlands, wV13 1Pb

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

PCC INTRO SECTION_v2.indd 1 12/04/2017 15:28 LOT WARWICK GUIDE PRICE: 51 19 MARKET PLACE, WARWICKSHIRE, CV34 4SA £200/210,000

A 3 storey mixed use building comprising a ground floor shop with a self-contained flat over. Status: Tenanted Location: The property is located in Warwick town centre. Description: A 3 storey building comprising ground floor shop with a self-contained flat above. The building is currently let to a single tenant trading as Party Creations on a lease dated 21st July 2015 for a term of 6 years expiring 22nd August 2020.

The current rent is £15,500pa and there is a rent review on the 23rd August 2017, no Notice has yet been served by the current owners. Accommodation: Ground FLoor: Commercial shop First & Second Floor: Self-contained Flat Tenure: Freehold Completion: Completion is required twenty working days after exchange of contracts in the auction saleroom.

© Crown copyright and database rights 2015 OS 100047514 48 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: 2, 8, 10, 11 & 12 FALLOWFIELD, 29 NORFOLK ROAD, EDGBASTON, £3/5,000 52 WEST MIDLANDS, B15 3PU

Head Leasehold Interest of 5 Flats Location: This development is located off Norfolk Road close to its junction with the Hagley Road A456, a main route into Birmingham City. Description: Held on flats in a purpose built three storey development in the favoured residential suburb of Edgbaston. Tenure: The interests comprise head leases on five units, four of which remain as the original term i.e. 99 years less 3 days. Completion: Completion is required twenty working days after exchange of contracts in the auction saleroom.

© Crown copyright and database rights 2015 OS 100047514 49 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE SPECIALIST INSURANCE FOR PROPERTY PEOPLE

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Telephone: 01789 761 660 1 Arrow Court, Adams Way, Alcester, Warwickshire B49 6PU Pi-Property Insurance and Pi-Professional Insurance are trading names of Morrison Edwards Insurance Services Limited. Authorised & Regulated by the Financial Conduct Authority LOT WEST BROMWICH GUIDE PRICE: 53 1 LAWLEY STREET, WEST MIDLANDS, B70 9DU £115/120,000

Traditional Semi Detached House - Freehold Status: Vacant Possession. Location: Lawley Street lies off Oldbury Road (A4166) between its junctions with Greet Green Road and Albion Road.

West Bromwich town centre and Oldbury town centre are both within around 1.3 miles. Description: The property is a traditionally styled three bedroom semi detached house that has gas radiator central heating and double glazing. It has been fully refurbished and modernised including a kitchen extension with large open plan dining area and downstairs cloakroom.

Subject to planning permission there is potential to extend the living accommodation to the side (where the garage stands) at both ground and first floor level. Accommodation: Front Garden: The front garden provides parking space and leads to a side garage Ground Floor: Fully enclosed porch, entrance hall, lounge, kitchen with dining area, cloakroom with toilet and sink First Floor: Landing, 3 bedrooms, bathroom Rear Garden: There is a good size rear garden Garage There is a side garage which is suitable for a smaller car Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts in the auction saleroom.

51 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WEST BROMWICH GUIDE PRICE: 54 41 THYNNE STREET, WEST MIDLANDS, B70 6PH £90/95,000

A 4 Bed Semi Detached House Status: Tenanted Location: Local transport services are available on nearby West Bromwich High Street offering commuter services to Birmingham City Centre and neighbouring localities together with local shopping facilities and Metro Tram stations are located close by. Description: The property is a traditional terraced house, with a gas central heating system, in a very popular area let on an Assured Shorthold Tenancy.

The tenancy is currently running on a periodic basis and the current rent is £600 per month. Accommodation: Ground Floor: Entrance Hall, Front Reception Room, Kitchen and Bathroom with Shower. First Floor: Stairs and Landing, Four bedrooms, Toilet with Shower. Outside: Front: Small Paved Patio Rear: Lawned Garden with Storage at Rear Tenure: Freehold Completion: Completion is required twenty working days after exchange of contracts in the auction saleroom.

52 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SOLIHULL GUIDE PRICE: 55 75 & 79 YOXALL ROAD, SHIRLEY, WEST MIDLANDS, B90 3RP £100+

Headlease interest in 2 semi detached houses Location: Yoxall Road runs between Danford Lane and Longmoor Road. The properties are within easy reach of Shirley, offering a wide variety of amenities and good transport connections Description: These interests are held upon traditional semi detached dwellings. Tenure: The interest sold is the Headlease in both properties for a term of 99 years less 6 days from 29th September 1932 and enjoying a combined profit of £6.50pa. Completion: Completion is required twenty working days after exchange of contracts in the auction saleroom. © Crown copyright and database rights 2015 OS 100047514

53 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE www.networkauctions.co.uk

DAY TWO: BIRMINGHAM

Bridging finance ® Auction finance Commercial mortgages Commercial ﬁnance Buy-to-Let mortgages Development funding

Decisions on the spot… With 42 years’ experience helping customers find financial solutions to suit their individual needs, we’re happy to say we’re experts at what we do.

With our wide range of flexible products and all-together different approach to lending, we are on hand to help when you need us.

For on the spot decisions you can rely on call us on 0161 933 7155, visit us at togethermoney.com/auctionfinance or speak to us at auction.

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.

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

PCC INTRO SECTION_v2.indd 2 12/04/2017 15:28 LOT WALSALL GUIDE PRICE: FLAT 5 SALDAVIAN COURT, SLANEY ROAD, WEST MIDLANDS, £45/50,000 56 WS2 9AG

A 2 bedroomed Flat in quiet cul-de-sac Status: Vacant Possession Location: Set in a quiet cul-de-sac location with views to Pleck Park and less than 1 mile from junction 9 M6. Description: A very spacious 2 bedroom top floor flat benefiting from wooden flooring, electric heating and double glazing.

The property has had a brand new modern fitted kitchen with built in appliances with a south facing balcony which offers stunning views of Pleck Park. There is also a modern bathroom with shower.

This is ideal buy to let investment. We estimate current rental value at £5700pa.

We have been informed by the seller that there are 68 years left on the lease. Tenure: Leasehold Completion: Completion is required twenty working days after exchange of contracts in the auction saleroom.

55 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BURNTWOOD GUIDE PRICE: 57 28 PINGLE LANE, HAMMERWICH, STAFFORDSHIRE, WS7 0JJ £240/245,000

A 3 Bedroomed End Terrace house with Garage and Gardens Status: Vacant Possession Location: Hammerwich is a sought after rural village with beautiful countryside views. Located just two miles from the M6 Toll road and three miles from Lichfield City Centre, this property is conveniently positioned for local transport routes. Description: This well presented and recently decorated 3 bedroomed period family property is set behind a lawned fore garden and driveway and access is via a side entrance. Accommodation: Ground Floor: Lounge, Dining Room, Conservatory, Kitchen, Hallway, Bathroom, WC, Garage.

First Floor: Stairs, Landing, Three Bedrooms. Tenure: Freehold Completion: Completion is required twenty working days after exchange of contracts in the auction saleroom.

56 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WOLVERHAMPTON GUIDE PRICE: 58 227 MERRIDALE STREET WEST, WEST MIDLANDS, WV3 0RP £72,000+

A Traditional Style 3 Bedroom Freehold House Status: Vacant Possession Location: Merridale Street West comprises of a cul-de-sac located off Owen Road, conveniently within approximately 0.25 miles from Wolverhampton City Centre. Description: A traditional mid-terraced house with two-storey brick construction. The property benefits from UPVC double glazed windows, gas-fired central heating and three bedrooms Accommodation: Ground Floor: Front Reception Room, Rear Reception Room, Kitchen, Bathroom, WC.

First Floor: Stairs and Landing, Bedroom One (Double), Bedroom Two (Double), Bedroom Three (Single).

Outside: Rear: Yard, Lawned Garden. Tenure: Freehold Completion: Completion is required twenty working days after exchange of contracts in the auction saleroom.

57 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WILLENHALL GUIDE PRICE: 59 UPPER LICHFIELD STREET, WEST MIDLANDS, WV13 1PB £330/£340,000

Freehold Commercial Investment with Lapsed Planning for Conversion of Part of the Ground Floor and Upper Parts to 5 Apartments Location: The property is located on Upper Lichfield Street near to the junction with Cross Street. Nearby operators include William Hill and Morrisons Superstore. Description: The property is arranged over ground, first and second floor with basement. At the rear and to the right is a garden and car park. The ground floor retail unit is let to Dominos Pizza, the upper floors are vacant.

PLANNING Planning was granted to convert part of the ground floor and upper floors to Five one and two bedroom apartments with the retention of the retail unit on the ground floor. Planning Application Number 12/1595/FL lapsed November 2015.

DOMINOS The ground floor retail unit and 5 parking spaces is let to D P Realty trading as Dominos for a period of 20 years from October 2009 at £15,000 per annum with a rent review in 2014 and 5 yearly thereafter. The tenant has a break clause in 2020.

VAT may be applicable. Tenure: Leasehold Completion: Completion is required twenty working days after exchange of contracts © Crown copyright and database rights 2015 OS 100047514 in the auction saleroom.

58 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE 595 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE

PCC INTRO SECTION_v2.indd 5 12/04/2017 15:29 COMMON AUCTION CONDITIONS

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

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

NA_Back Section_MAY 17 lhp.indd 43 12/04/2017 15:23 the balance of the price is unconditionally received in equal daily rate assuming 365 days in a year, and G13.2 If the rent deposit is not assignable the seller must the seller’s conveyancer’s client account. income and expenditure relating to some other on completion hold the rent deposit on trust for the G6.5 If completion takes place after 1400 hours for a period accrues at an equal daily rate during the buyer and, subject to the terms of the rent deposit reason other than the seller’s default it is to be treated, period to which it relates; and deed, comply at the cost of the buyer with the buyer’s for the purposes of apportionment and calculating (c) where the amount to be apportioned is not known lawful instructions. interest, as if it had taken place on the next business at completion apportionment is to be made by G13.3 Otherwise the seller must on completion pay and day. reference to a reasonable estimate and further assign its interest in the rent deposit to the buyer G6.6 Where applicable the contract remains in force payment is to be made by seller or buyer as under an assignment in which the buyer covenants following completion. appropriate within fivebusiness days of the date with the seller to: G7. Notice to complete when the amount is known. (a) observe and perform the seller’s covenants and G7.1 The seller or the buyer may on or after the agreed G11. Arrears conditions in the rent deposit deed and indemnify completion date but before completion give the Part 1 Current rent the seller in respect of any breach; other notice to complete within ten business days G11.1 “Current rent” means, in respect of each of the (b) give notice of assignment to the tenant; and (excluding the date on which the notice is given) tenancies subject to which the lot is sold, the (c) give such direct covenant to the tenant as may be making time of the essence. instalment of rent and other sums payable by the required by the rent deposit deed. G7.2 The person giving the notice must be ready to tenant in advance on the most recent rent payment G14. VAT complete. date on or within four months preceding completion. G14.1 Where a sale condition requires money to be paid or G7.3 If the buyer fails to comply with a notice to complete G11.2 If on completion there are any arrears of current rent other consideration to be given, the payer must also the seller may, without affecting any other remedy the the buyer must pay them, whether or not details of pay any VAT that is chargeable on that money or seller has: those arrears are given in the special conditions. (a) of the buyer’s VAT registration; consideration, but (a) terminate the contract; G11.3 Parts 2 and 3 of this condition G11 do not apply to only if given a valid VAT invoice. (b) claim the deposit and any interest on it if held by a arrears of current rent. G14.2 Where the special conditions state that no VAT stakeholder; Part 2 Buyer to pay for arrears option has been made the seller confirms that none (c) forfeit the deposit and any interest on it; G11.4 Part 2 of this condition G11 applies where the special has been made by it or by any company in the same conditions give details of arrears. (d) resell the lot; and VAT group nor will be prior to completion. G11.5 The buyer is on completion to pay, in addition to any (e) claim damages from the buyer. G15. Transfer as a going concern other money then due, an amount equal to all arrears Where the special conditions so state: G7.4 If the seller fails to comply with a notice to complete of which details are set out in the special conditions. the buyer may, without affecting any other remedy the (a) the seller and the buyer intend, and will take all G11.6 If those arrears are not old arrears the seller is to buyer has: practicable steps (short of an appeal) to procure, assign to the buyer all rights that the seller has to that the sale is treated as a transfer of a going (a) terminate the contract; and recover those arrears. concern; and (b) recover the deposit and any interest on it from the Part 3 Buyer not to pay for arrears (b) this condition G15 applies. The seller confirms seller or, if applicable, a stakeholder. G11.7 Part 3 of this condition G11 applies where the that the seller G8. If the contract is brought to an end special conditions: (a) is registered for VAT, either in the seller’s name If the contract is lawfully brought to an end: (a) so state; or or as a member of the same VAT group; and (a) the buyer must return all papers to the seller (b) give no details of any arrears. (b) has (unless the sale is a standard-rated supply) and appoints the seller its agent to cancel any G11.8 While any arrears due to the seller remain unpaid the made in relation to the lot a VAT option that registration of the contract; and buyer must: remains valid and will not be revoked before (b) the seller must return the deposit and any (a) try to collect them in the ordinary course of completion. interest on it to the buyer (and the buyer may management but need not take legal proceedings G15.3 The buyer confirms that: claim it from the stakeholder, if applicable) unless or forfeit the tenancy; the seller is entitled to forfeit the deposit under (a) it is registered for VAT, either in the buyer’s name condition G7.3. (b) pay them to the seller within five business days or as a member of a VAT group; of receipt in cleared funds (plus interest at the G9. Landlord’s licence (b) it has made, or will make before completion, interest rate calculated on a daily basis for each G9.1 Where the lot is or includes leasehold land and licence a VAT option in relation to the lot and will not subsequent day’s delay in payment); to assign is required this condition G9 applies. revoke it before or within three months after (c) on request, at the cost of the seller, assign to completion; G9.2 The contract is conditional on that licence being the seller or as the seller may direct the right to obtained, by way of formal licence if that is what the (c) article 5(2B) of the Value Added Tax (Special demand and sue for old arrears, such assignment landlord lawfully requires. Provisions) Order 1995 does not apply to it; and to be in such form as the seller’s conveyancer may G9.3 The agreed completion date is not to be earlier than (d) it is not buying the lot as a nominee for another reasonably require; the date fivebusiness days after the seller has given person. (d) if reasonably required, allow the seller’s notice to the buyer that licence has been obtained. G15.4 The buyer is to give to the seller as early as possible conveyancer to have on loan the counterpart of any G9.4 The seller must: before the agreed completion date evidence: tenancy against an undertaking to hold it to the (a) of the buyer’s VAT registration; (a) use all reasonable endeavours to obtain the buyer’s order; licence at the seller’s expense; and (b) that the buyer has made a VAT option; and (e) not without the consent of the seller release any (c) that the VAT option has been notified in writing to (b) enter into any authorised guarantee agreement tenant or surety from liability to pay arrears or HM Revenue and Customs; properly required. accept a surrender of or forfeit any tenancy under G9.5 The buyer must: which arrears are due; and and if it does not produce the relevant evidence at least two business days before the agreed completion (a) promptly provide references and other relevant (f) if the buyer disposes of the lot prior to recovery of date, condition G14.1 applies at completion. information; and all arrears obtain from the buyer’s successor in title (b) comply with the landlord’s lawful requirements. a covenant in favour of the seller in similar form to G15.5 The buyer confirms that aftercompletion the buyer G9.6 If within three months of the contract date (or such part 3 of this condition G11. intends to: longer period as the seller and buyer agree) the G11.9 Where the seller has the right to recover arrears it (a) retain and manage the lot for the buyer’s own licence has not been obtained the seller or the buyer must not without the buyer’s written consent bring benefit as a continuing business as a going may (if not then in breach of any obligation under this insolvency proceedings against a tenant or seek the concern subject to and with the benefit of the condition G9) by notice to the other terminate the removal of goods from the lot. tenancies; and contract at any time before licence is obtained. That G12. Management (b) collect the rents payable under the tenancies and termination is without prejudice to the claims of either G12.1 This condition G12 applies where the lot is sold charge VAT on them seller or buyer for breach of this condition G9. subject to tenancies. G15.6 If, after completion, it is found that the sale of the lot is G10. Interest and apportionments G12.2 The seller is to manage the lot in accordance with its not a transfer of a going concern then: G10.1 If the actual completion date is after the agreed standard management policies pending completion. (a) the seller’s conveyancer is to notify the buyer’s completion date for any reason other than the G12.3 The seller must consult the buyer on all management conveyancer of that finding and provide aVAT seller’s default the buyer must pay interest at the issues that would affect the buyer after completion invoice in respect of the sale of the lot; interest rate on the price (less any deposit paid) from (such as, but not limited to, an application for licence; (b) the buyer must within fivebusiness days of the agreed completion date up to and including the a rent review; a variation, surrender, agreement to receipt of the VAT invoice pay to the seller the actual completion date. surrender or proposed forfeiture of a tenancy; or a new VAT due; and G10.2 Subject to condition G11 the seller is not obliged tenancy or agreement to grant a new tenancy) and: (c) if VAT is payable because the buyer has not to apportion or account for any sum at completion (a) the seller must comply with the buyer’s complied with this condition G15, the buyer must unless the seller has received that sum in cleared reasonable requirements unless to do so would pay and indemnify the seller against all costs, funds. The seller must pay to the buyer after (but for the indemnity in paragraph (c)) expose interest, penalties or surcharges that the seller completion any sum to which the buyer is entitled the seller to a liability that the seller would not incurs as a result. that the seller subsequently receives in cleared funds. otherwise have, in which case the seller may act G16. Capital allowances G10.3 Income and outgoings are to be apportioned at actual reasonably in such a way as to avoid that liability; G16.1 This condition G16 applies where the special completion date unless: (b) if the seller gives the buyer notice of the seller’s conditions state that there are capital allowances (a) the buyer is liable to pay interest; and intended act and the buyer does not object within available in respect of the lot. (b) the seller has given notice to the buyer at any fivebusiness days giving reasons for the objection G16.2 The seller is promptly to supply to the buyer all time up to completion requiring apportionment the seller may act as the seller intends; and information reasonably required by the buyer on the date from which interest becomes payable (c) the buyer is to indemnify the seller against all loss or in connection with the buyer’s claim for capital by the buyer; in which event income and liability the seller incurs through acting as the buyer allowances. outgoings are to be apportioned on the date from requires, or by reason of delay caused by the buyer. G16.3 The value to be attributed to those items on which which interest becomes payable by the buyer. G13. Rent deposits capital allowances may be claimed is set out in the G10.4 Apportionments are to be calculated on the basis that: G13.1 This condition G13 applies where the seller is holding special conditions. (a) the seller receives income and is liable for or otherwise entitled to money by way of rent deposit G16.4 The seller and buyer agree: outgoings for the whole of the day on which in respect of a tenancy. In this condition G13 “rent (a) to make an election on completion under Section apportionment is to be made; deposit deed” means the deed or other document 198 of the Capital Allowances Act 2001 to give (b) annual income and expenditure accrues at an under which the rent deposit is held. effect to this condition G16; and

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

NA_Back Section_MAY 17 lhp.indd 45 12/04/2017 15:23 AUTHORISATION FORM FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

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

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

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

TELEPHONE NUMBERS

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

Email address ......

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

Lot No......

Amount of deposit ......

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

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

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

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

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

TERMS & CONDITIONS FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

1. The completed form must be delivered to the Auctioneers will not be liable to the bidder if he/ In addition to the above terms and conditions the Network Auctions (42-44 Clarendon Road, Watford, she fails to check. following four apply to telephone bidders only: Hertfordshire WD17 1JJ) no later than twenty four 6. The bidder is deemed to have read the auction 1. The Auctioneers will attempt to make contact with the hours prior to the auction with the appropriate catalogue, the Auctioneers’ ‘Important Notes For bidder on the telephone number/s provided but take no payment. If you intend to bid for more than one lot Auction Bidders’ and to be aware of the guide price responsibility for the availability, quality or sustainability then a separate form for each lot must be completed. that the Auctioneers are quoting. of ‘the line’. When contact is made a member of the 2. The completed form must be delivered with Auctioneers’ staff will take bids from the bidder and 7. If the bidder attends the saleroom without having a payment to include the deposit of 10% of the relay them to the Auctioneer. cancelled this agreement and bids for the lot in maximum bid (subject to a minimum of £2,500) and 2. If telephone contact is ‘lost’ or a connection cannot the auctioneers’ administration fee of £750 plus person, the Auctioneers are free to accept such bids in addition to any bids made under this agreement. be made the bidder hereby authorises the Auctioneers vat (£900). This payment can be made by cheque to bid on his/her behalf up to the maximum bid amount or banker’s draft (payable to Network Auctions). 8. The Auctioneers assume that the bidder is bidding shown on page 1 of this agreement. Payments by credit card or cash cannot be accepted. for himself/herself. If the bidder intends to purchase 3. A bidder bidding by telephone may exceed the Cheques supplied by unsuccessful bidders will be the lot in a name other than his/her personal name maximum bid amount shown on page 1 and undertakes destroyed. (and other than as shown on page 1 of thisagreement), to provide the additional deposit funds (the difference arrangements must be made with the Auctioneers 3. If the bidder purchases the lot at less than ten between the deposit provided and 10% of the purchase times the sum of the deposit provided, the whole in advance. price) to the Auctioneers immediately post auction. of the deposit provided will be used as the deposit 4. The Auctioneers reserve the right not to bid on behalf payment and an adjustment will be made at Proof of Identity of the bidder in the event of any uncertainty, error or completion by the seller’s solicitors who will provide a The completed form must be delivered with proofs of disagreement and give no guarantee that any bid can completion statement showing the adjustment. identity as detailed in the auction catalogue. Without these the Auctioneers will be unable to action this bid. be communicated to the Auctioneer prior to any other 4. The bidder is deemed to have inspected the legal bids made in the saleroom. pack and to have taken all necessary legal and other In addition to the above terms and conditions the professional advice prior to bidding. The bidder is following applies to internet bidders only: In addition to the above terms and conditions the also deemed to have viewed the property (where 1. Internet bidders accept that access to Essential following two apply to proxy bidders only: viewings are made available by the Auctioneers). information Group’s (EIG) services (via EIG’s or 1. The Auctioneers will make bids for the bidder up 5. The bidder is deemed to have full knowledge Network Auctions’ website or services) could be to the maximum amount shown on page 1 of this of the General and Special Conditions of Sale and interrupted or withdrawn at any time. If you intend agreement, but not higher under any circumstances. the Notice to All Prospective Buyers therein. The to bid by internet you should also consider making 2. The Auctioneers undertake with the bidder to make bidder is also deemed to have full knowledge of any an alternative provision for making bids prior to the an initial bid on the bidder’s behalf at a figure no higher addendum produced by the Auctioneers at or prior auction. Neither the Auctioneers nor EIG have any than the reserve price and further undertake to bid to the auction. Bidders are advised to check whether liability if a bid fails to be received by us or if the bid is incrementally on the bidder’s behalf as per other bids any relevant addendum has or will be produced, but delayed or made in error for any reason. made in the saleroom.

NA_Back Section_MAY 17 lhp.indd 46 12/04/2017 15:23 www.networkauctions.co.uk

memorAnDum

Date: ...... name of seller: ......

Address of seller: ...... name of buyer: ......

Address of buyer: ......

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

Address: ......

‘the Price’: ......

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

‘the Completion Date’: ......

Deposit Paid to Auctioneers: ...... balance due at Completion: ......

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

This agreement is subject to the auctioneers’ Conditions of Sale, Common auction Conditions (edition 3) and General Conditions of Sale (as published in the auction catalogue) and the Special Conditions of Sale (as provided in the Legal Pack and as settled by the seller’s solicitors). signed on behalf of the seller: ...... by network auctions for and on behalf of the seller signed by the buyer: ...... buyer’s solicitors: ......

Phone number: ...... email: ...... name of solicitor: ...... ProPErTy To SEll? Talk To uS We are pleased to advise on all aspects of selling by auction and provide appraisals for properties anywhere in the uk. our unique approach combines major auction events in London and birmingham with a network of partner firms throughout the country. Sellers benefit from the best of both worlds – expert local marketing combined with national exposure, it’s the right way to achieve the best possible price for your property.

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