Wednesday 23 September 2015 at 5.00Pm Leicester Racecourse Oadby, Leicester LE2 4AL
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AUCTION Wednesday 23 September 2015 at 5.00pm Leicester Racecourse Oadby, Leicester LE2 4AL SINCE 1990 Auction: Wednesday 23 September 2015 Order of Sale LOT PROPERTY ADDRESS 1 Unit 1, 17 Newarke Street, Leicester LE1 5SJ 2 83 Avenue Road Extension, Clarendon Park, Leicester LE2 3EP 3 20 Rookery Lane, Groby, Leicester LE6 0GL 4 249A Belvoir Road, Coalville, Leicestershire LE67 3PL 5 35 Larchmont Road, Leicester LE4 0BW 6 5 High Street, Evington, Leicester LE5 6FH 7 Unit 2, 17 Newarke Street, Leicester LE1 5SJ 8 28 Woodstock Road, Leicester LE4 2HH 9 West Lodge, Hine Park, Gipsy Lane, Humberstone, Leicester LE5 0TD 10 Land adjacent to 31 and 33 Heathcote Drive, Sileby LE12 7ND & Land adjacent to 36 Collingwood Drive, Sileby, Leicestershire LE12 7NT 11 206 Duncan Road, Aylestone, Leicester LE2 8EE 12 103A, B & C High Street, Syston, Leicester LE7 1GQ 13 15 Brook Street, Thurmaston, Leicester LE4 8DA 14 Land at Kelmarsh Avenue, Wigston, Leicester LE18 3QW 15 129/129A High Street, Earl Shilton, Leicestershire LE9 7LR 16 17 Thurmaston Lane, Humberstone, Leicester LE5 0TE 17 Former Snibston Primary School, Leicester Road, Snibston, Coalville, Leicestershire LE67 2AR 18 33 Lindridge Lane, Desford, Leicester LE9 9GN 19 Land & House at 384 Gipsy Lane, Leicester LE4 7DA 20 75 Braunstone Avenue, Leicester LE3 1LA 21 100 Loughborough Road, Hathern, Loughborough, Leicestershire LE12 5JB 22 66 Wellingborough Road, Northampton NN1 4DN 23 Elizabeth House, 73 High Street, Syston, Leicester LE7 1GQ 24 Flat 4B, Rectory Court, 4 Belvoir Drive, Aylestone, Leicester LE2 8PW 25 15 Blaby Road, South Wigston, Leicester LE18 4PA 26 Former Caretakers Bungalow, Dalby Road, Melton Mowbray, Leicestershire LE13 0BJ 27 Land adjacent to 23 Lisle Street, Loughborough, Leicestershire LE11 1AW 28 24 River View, Low Street, Sunderland, Tyne and Wear SR1 2AT 29 East Lodge, Hine Park, Gipsy Lane, Humberstone, Leicester LE5 0TD 30 71 Saxthorpe Road, Hamilton, Leicester LE5 1PT 31 21 John Street, Enderby, Leicester LE19 4LF 32 116 Vernon Road, Aylestone, Leicester LE2 8GB 33 45 Flamborough Road, Thurnby Lodge, Leicester LE5 2HN 34 169 Narborough Road, Leicester LE3 0PE 2 NEXT AUCTION DATE: 55 London Road, Leicester LE2 0PE 25 November 2015 Tel: 0116 254 3373 Fax: 0116 285 4491 Email: [email protected] Entries now being taken www.shonkibrothers.com Auction: Wednesday 23 September 2015 Welcome to our September auction sale – To date our 2015 auction sales have been very busy and we have achieved a consistent 90% plus sales success. The only downside seems to have been that there has not been enough stock, I am therefore pleased to be able to offer 34 lots in our next auction sale on 23rd September. There is something for everyone and with prices ranging from £100 to £550,000 there will be plenty of opportunity to pick up a bargain. In terms of property prices, where are we? The strength of the economy, rising wages and continuing shortage of supply means it is definitely going in the right direction. Shortage of supply continues to drive up prices which are up by approximately £14,000 than last year. Furthermore, it is predicted that we can expect to see prices increasing by more than 30% over the next 4 years. With demand for houses at its highest for a decade, it is worrying that despite assurances from the Government that progress is being made to tackle the problem, the number of new homes started has actually decreased. But until we do not see more bricks and mortar there may be no hope of meeting this demand and solving the housing crisis. With prices increasing the number of first-time buyers entering the market has steadily fallen. It is difficult to see an easy solution but it is hoped that the extension to the Help to Buy schemes, designed to aid people with small deposits onto the property ladder from 2016 to 2020, will assist. Also, from December the Help to Buy ISA Scheme will become available which will further help those saving for a deposit. Mortgage approvals have picked up although sales are taking slightly longer to complete. The competitive deals on fixed-rate mortgages and also ahead of a possible rise in the interest rates has led to an increase in the number of people remortgaging. This demonstrates that investment in property is still the preferred route to shares and bonds. For sale in this auction we have a mix of properties both residential and commercial and for all types of buyers. If you are looking for your next home, there is a selection of properties from those that can be occupied immediately and others that are exciting renovations that you can put your own stamp on. We have both small and larger projects for developers all of which are competitively priced. For those looking for a commercial property, there is also a mix of properties that are suitable for both for owner occupation or investment. We anticipate that there will be a lot of interest in the lots offered, therefore if you are interested in any particular lot please do register your interest as soon as possible. If you are thinking of buying do take note of the following: Legal Documents: Check Availability of Lots: For all the properties offered for sale the Special Conditions of Do check lots have not been sold or withdrawn prior Sale and the legal documents will be available for inspection to Auction. prior to the Auction. If you are interested in any of the lots the Auction Contract: legal documents will be available to download or alternatively If you are the successful bidder you will be required to please make an appointment to view these at our office. complete the Auction contract, supply the deposit and the Viewings: buyer’s fee with 2 forms of identification on the day of All properties can be viewed before the Auction, to arrange purchase. viewings please contact the office (0116) 254 3373. Deposit: Buying At Auctions (pages 4 and 5): A 10% (minimum £1,000) deposit is required on the fall of Please do read the Buying at Auctions Important Notice to the hammer. Cheques should be made payable to “Shonki Bidders to familiarise yourself with the Auction procedure. Brothers Limited” and drawn on a UK clearing bank. All Check Addendum List: cheques are presented the following day and therefore you should ensure that you have adequate funds in your account. Any changes or alterations that your purchase will be subject Please note we do not accept cash, but credit/debit cards to will be specified on an addendum sheet. facilities are available but may be subject to a fee. Proxy / Telephone Bidding: Completion: If you cannot attend the Auction you may arrange to make a Completion is normally 28 days from the day of the sale, proxy or telephone bid. This facility needs to agreed by prior unless specified otherwise in the contract, when the arrangement. Please contact us for a registration form. balance will be required. Finally, please arrive on time so that you are able to read the addendum / alteration list, look through the legal documents if you have not already done so and check any changes made to the order of sale. If you require any further information please do not hesitate to contact the office and we will do all we can to assist you. We are currently taking entries for our next Auction to be held on Wednesday 25 November 2015, so do contact us if you are considering selling and require an Auction appraisal. My staff and I look forward to welcoming you on Wednesday 23 September 2015. K S Sangra FRICS FNAVA Auctioneer IMPORTANT NOTICE: 3 All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of £600 (plus VAT). No Cash Deposits. Buying at Auctions - Important Notice to Bidders DO’S AND DON’TS 7. The Vendor has the right to sell before Auction, or withdraw the Lot, and neither the Auctioneer nor the Vendor is responsible q Do go through the catalogue carefully. for any abortive costs, losses or damages of a prospective q Do go and view any properties in which you are interested. purchaser. Information as to presale or withdrawal of a Lot can q Do take legal advice. be obtained by enquiry to the Auctioneers at any time prior to q Do bring means of identification to the Auction. the auction but is valid only at the time of the enquiry. q Do read the important notice to bidders. q Do allow time to arrange a survey, if required. 8. Prospective purchasers are strongly advised to check these q Do arrange to have a 10% deposit before the day of the particulars as to measurements, areas and all other matters Auction and the balance of purchase monies by the time set to which the properties are expressed to be subject to or have for completion in the Contract. the benefit of and in respect of any contents, fixtures or fittings expressed to be included in the sale by making inspection DON’TS AT AUCTIONS of the property and all the necessary enquiries with Shonki Brothers Ltd, the Vendor, the Vendor’s professional advisors q Don’t panic, our Auctioneers understand the pressures. and all other appropriate authorities. q Don’t be late; watching other lots being sold helps to follow the procedure. All statements contained in these particulars as to the q Don’t lose track, some lots go quickly, you could miss out.