NORTH WEST AUCTION
Thursday 24th May 2018 at 6.30pm AJ Bell Stadium, 1 Stadium Way, Salford Manchester M30 7EY
0161 774 7333 www.sdlauctions.co.uk AUCTION VENUE
M60
M602 M60 (Jct 12)
M62
M60 (Jct 11)
D A AJ BELL O R STADIUM L OO RP VE M60 LI
M60
Thursday 24th May 2018 M60 (Registration desk opens at 5.30pm) Commencing 6.30pm AJ Bell Stadium, 1 Stadium Way Salford, Manchester M30 7EY
Call the team on 0161 774 7333 for further information
UPCOMING AUCTIONS
Derby auction: Thursday 31st May 2018 Venue: Pride Park Stadium, Pride Park, Derby DE24 8XL GRAHAM PENNY
Leicester auction: Thursday 14th June 2018 Venue: Leicester City F.C, King Power Stadium, Filbert Way, Leicester LE2 7FL GRAHAM PENNY
Nottingham auction: Tuesday 26th June 2018 Venue: Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE GRAHAM PENNY
Cheshire & North Wales auction: Wednesday 27th June 2018
CHESHIRE & Venue: Chester Racecourse, New Crane Street, Chester CH1 2LY NORTH WALES
Birmingham auction: Wednesday 18th July 2018 BIGWOOD Venue: Aston Villa FC, Villa Park Stadium, Birmingham B6 6HE
2 | www.sdlauctions.co.uk Closing date for next Auction: 2nd July 2018 - Entries Invited MESSAGE FROM THE AUCTIONEER
Edward Feather Senior Valuer & Auctioneer at SDL Auctions North West
Welcome to our May Manchester auction catalogue
We’re back at the AJ Bell Stadium for the third time this year Commercial lots with another packed catalogue. This month we have 29 A star commercial property lot in our auction this month is the residential property, commercial property and land lots from former NatWest Bank & Conservative Club at 20/20a King across the North West region and the rest of the UK. Street in Stretford, Manchester (LOT 25) which has an attractive guide price of £160,000-£170,000. In Burnley is the former George Street Mill (LOT 15) which is also attracting interest. The site, which measures over 2 acres, has expired planning permission for a large mixed residential and commercial development. It has a guide price of £350,000. For sale in Stoke-on-Trent is the former Tunstall Health Centre on Dunning Street (LOT 22). With a guide price of £295,000- £300,000 this vacant site has approved outline planning permission for the construction of 19 semi-detached houses and would make an excellent development opportunity. Other potential building plots in the catalogue include a site at Sefton Fold Gardens in Billinge, St Helens (LOT 13) with a guide price of £25,000-£30,000 and a site at Meadow Walk, Residential highlights off Highfield Road in Farnworth, Bolton (LOT 10) with a guide Our catalogue kicks off with a one bedroomed mid-terraced price of £15,000-£20,000. property at 3 Short Street in Bacup (LOT 1) with an attractive If you’re interested in any of the lots in this catalogue please *guide price of £20,000+ and it concludes with 59 Ainsworth visit our website to view further property details, book a Road in Bury (LOT 28) viewing and download the legal packs. If you’re not able to A residential development opportunity awaits in Wigan at make it to the auction room on Thursday 24th May then you Incefield House, 234 Ince Green Lane in Ince (LOT 2). This can submit a Proxy, Telephone and Online Bidding Form – vacant building has expired planning permission to convert found on page 33 of this catalogue – or you can watch the into 10 residential apartments and is being offered with a auction live from our website. guide price of £100,000-£125,000. We’re already inviting entries to our next Manchester auction Heading out to Morecambe we have 1 Ousby Road (LOT 14), a on Monday 23rd July, so if you’d like to arrange a free no three bedroomed semi-detached property on a corner plot obligation appraisal see our team in the auction room or call with a guide price of £70,000+. us on 0161 744 7333. In the North East we have two properties going under the hammer. 44 Alphonsus Street in Middlesbrough (LOT 21) is a The full 40-date auction calendar – featuring auctions in three bedroomed end of terraced house with a guide price of Birmingham, Derby, Nottingham, Leicester, Chester and £30,000+ and 1 Garside Drive in Hartlepool (LOT 27) is a Manchester - can be found on our website at three bedroomed semi-detached house with a guide price of www.sdlauctions.co.uk or on the back page of this £55,000+. catalogue.
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*Please see Important Notices for definition of guide price Next Auction: 23rd July 2018 | 3 and auction fees MEET THE SDL AUCTIONS TEAM
The Auctioneers & Directors
Rory Daly Andrew Parker Gurpreet Bassi Ian Tudor Edward Feather Graham Penny Chief Executive Officer & Managing Director & Director & Head of Residential Director & Head of Director & Auctioneer Auctioneer Auctioneer Auctioneer Auctions Commercial Auctions [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
The Valuers
Ron Darlington Carl Finch Jonathan Hackett Vejay Pal Senior Valuer Senior Valuer Senior Valuer Senior Valuer [email protected] [email protected] [email protected] [email protected]
Robert Stone Colin Totney Andy Thompson Nick Trow Senior Valuer Senior Valuer Senior Valuer Commercial Auction Valuer [email protected] [email protected] [email protected] [email protected]
Laura Wiles James Rossiter Chris Theocharides Valuer Assistant Valuer Assistant Valuer [email protected] [email protected] [email protected]
The Auctions Team
Abigail Selwood Perm Daley Aimee Rossiter Naomi Fearn Jess Gaunt Operations Manager Head of Auctions - Birmingham Assistant Manager - Birmingham Auction Negotiator Administrator [email protected] [email protected] [email protected] [email protected] [email protected]
4 | www.sdlauctions.co.uk Closing date for next Auction: 2nd July 2018 - Entries Invited The Auctions Team
Sarah Barfield Emma Holness Sarah Miles Hollie Murray Rachael Parker Administrator Derby Property Manager Nottingham Property Manager Junior Administrator Leicester Property Manager [email protected] [email protected] [email protected] [email protected] [email protected]
Natalie Price Ally Rowell Margaret Thompson Damien Triplett Emily Waterland Auction Negotiator Administrator Administrator Auction Negotiator North West and Cheshire & North [email protected] [email protected] [email protected] [email protected] Wales Property Manager [email protected]
Kylie Pearson Alison Jeffery Teresa Allen Ruth Allen Executive Assistant & Auction Negotiator Accounts Manager - Derby Accounts Manager - Birmingham Accounts Manager [email protected] [email protected] [email protected] [email protected] The Marketing Team
Chrissie Watterson Sue Randell Rachael Brazier Head of Marketing & Communications Head of B2B Marketing Marketing & Social Media Executive [email protected] [email protected] [email protected] SDL Auction Partners
Dean Slack Tom Rawlinson Rachel Clarkestone Kate Atkin Jessica Royce Auction Expert Auction Expert Auction Expert Auction Expert Auction Expert [email protected] [email protected] [email protected] [email protected] [email protected]
Jason Lee Bobby Chatha Fred Hopkins Tina Waterfall National Sales Manager Auction Growth Specialist Auction Growth Specialist Auction Growth Specialist [email protected] [email protected] [email protected] [email protected]
Louise Jefferies Lennie Knight Annabelle Brough Director of Business Development Administrator Sales Co-ordinator [email protected] [email protected] [email protected]
www.sdlauctions.co.uk Next Auction: 23rd July 2018 | 5 IMPORTANT NOTICES TO BE READ BY ALL BIDDERS
BUYING AT AUCTION 7. If a successful purchaser wishes to remain in the 19. If the purchaser wishes to complete earlier than 1. This catalogue contains details about properties sale room and bid for later lots before the proposed completion date (granted prior being sold at auction. Those details are subject transferring to the contracts area, he/she shall agreement with the Vendor), then we strongly to change up to and including the day of the be required to surrender to the Auctioneers recommend that the deposit is paid by cleared auction. Please check our website regularly at: clerk one form of identity for retention by the funds e.g, Banker’s Draft, Building Society Draft www.sdlauctions.co.uk and look out for any auctioneers until such time as the memorandum or Debit Card. The purchaser must notify the additional materials available on the day of the of sale is completed. Auctioneer as early as possible of their intention auction, in order to stay fully informed with the 8. The Vendor has a right to sell before auction or to complete early in order that arrangements up to date information. withdraw the lot and neither the Auctioneer nor can be made to transfer the deposit monies 2. Prospective purchasers are advised that sales the Vendor is responsible for any abortive costs, held. The Auctioneers also reserve the right to are subject to (a) the Common Auction loss or damages of a prospective purchaser. pass on any charges levied from the bank to the Conditions of Sale printed in the catalogue; (b) Information as to pre-sale or withdrawal of a lot purchaser for early transfer of monies. can be obtained from enquiry of the Special Conditions of Sale which are available 20. Offers – We will not forward any offer to our for inspection at the office of the Vendors Auctioneers at any time prior to the auction but valid only up to the time of enquiry. Vendors, unless the offer is above the guide Solicitors, the office of the Auctioneers, in the price and prospective purchasers have viewed auction room and online from our website; (c) 9. Prospective purchasers are strongly advised to check these particulars as to measurements, the property (where applicable) and have any addendums or alterations made available perused the legal pack. for inspection; (d) any late amendments areas and all other matters to which the distributed in the room or made by the properties are expressed to be subject or have PROPERTY INSURANCE auctioneers from the rostrum. the benefit of and in respect of any contents, Once the hammer falls at a Property Auction the 2A. Prospective purchasers should always check the fixtures and fittings expressed to be included in purchaser becomes liable for the insurance of the addendum sheet on the day of the sale to see if the sale by making an inspection of the property he has bought. property and all the necessary enquiries with there are any alterations or amendments to the DEFINITION OF GUIDE PRICES particulars or special conditions on the property SDL Auctions, the Vendor, the Vendor’s professional advisors and all other appropriate The guide price is an indication of the seller’s reserve that they are interested in bidding for. The price and is given to assist prospective purchasers. It catalogue has been prepared on the basis of authorities. All measurements and areas referred to in these particulars are approximate only. is usual, but not always the case, that a provisional information provided. In some cases, for reserve is agreed between the seller and the whatever reason, verification has not been 10. The dimensions and/or areas shown in this catalogue are intended to be accurate to within auctioneer at the start of marketing. The guide price possible prior to printing. Consequently can be adjusted by the seller at any time up to the amendments may be made and the purchaser + 5% of the figure shown. If greater accuracy is day of the auction in light of the interest shown deemed to have full knowledge of them. required we advise intending purchasers to during the marketing period. The guide price can be 3. Prospective purchasers shall be deemed to have carry out check measuring. 11. All location plans published in the particulars of shown in the form of a minimum and maximum inspected the relevant property and made all price range within which an acceptable sale price usual and necessary searches and enquiries with sale are copyright and are to enable prospective (reserve) would fall, or as a single price figure within all relevant authorities and other bodies. It is purchasers to locate the property only. The 10% of which the minimum acceptable price advisable to arrange for a survey of the plans are photographically reproduced and (reserve) would fall. Please note the reserve price will property prior to the auction. therefore not to scale and are not intended to depict the interest to be sold but are for not exceed the top end of the guide price but the 4. As soon as the Auctioneer’s gavel falls on a bid, identification purposes only. The boundary lines actual sale price can exceed the guide price. On the successful bidder is under a binding contract and numbers on the photographs are again only occasions the sale price does exceed the guide price to purchase the relevant property. The to enable prospective purchasers to locate the significantly. purchaser is immediately at risk in relation to the property and are not intended to depict the AUCTION FEES property and should therefore have confirmed interest to be sold. Purchasers are advised to bank or building society finance arranged (if view the special conditions in respect of the The purchase of any property may include required) and will also be deemed to have made precise interest to be conveyed. associated fees not listed here. Any additional fees prior arrangements for any insurance cover that 12. Any guide prices issued or any estimates or will be confirmed in the legal pack which can be is required. (See footnote). values mentioned in negotiations or discussion downloaded from our website, 4A. Each bidder will be deemed to be personally with the Auctioneers or any of their www.sdlauctions.co.uk or to find out more about any liable on making an accepted bid even though representatives cannot be relied upon by a additional fees associated with any property please he/she purports to act as an agent for the prospective purchaser as representing call SDL Auctions on 0161 774 7333. Stamp Duty, principal purchaser or purports to sign the professional valuations for any purpose in Land Tax or Land and Buildings Transaction Tax may Memorandum of Sale in a respective capacity. accordance with the requirements or guidance also apply in some circumstances. These costs will 5. On the fall of the gavel, the successful bidder notes of relevant professional bodies or other not be confirmed in the legal pack, it is up to the must immediately present to the Auctioneers authorities. In all respects prospective bidder to make their own enquiries via Clerk his name and address and if appropriate, purchasers are deemed to have relied upon their www.gov.uk/stamp-duty-land-tax or the name and address of the person or own knowledge or the advice of their own www.revenue.scot/land-buildings-transaction-tax. company on whose behalf he has been bidding. professional or other advisors. DEFINITION OF RESERVE PRICE All successful bidders are required to sign and 13. Inspection of investment properties is by The reserve price is the seller’s minimum acceptable exchange unconditional contracts, or a courtesy of the tenant. Inspection of properties price at auction and the figure below which the reservation contract if applicable, with the with vacant possession only by arrangement auctioneer cannot sell. The reserve price is not Auctioneers prior to leaving the room and pay with the Auctioneers. Interested parties should disclosed and remains confidential between the to the Auctioneers a deposit of 10% (or 5% for refer to the viewing schedule in the front of the an unconditional reservation fee sale) of the catalogue or alternatively contact the seller and the auctioneer. purchase price (subject to a minimum of Auctioneers. CONDITION OF SALE £5,000) with completion on or before 20 14. Purchasers should be aware that they will not be The Lots will, unless previously withdrawn, be sold business days unless an alternative date has entitled to the keys or access to the property subject to the Special and General Conditions of Sale been specified for a given property within the (except by special arrangement) until which have been settled by the Vendors’ Solicitors. Contract and/or within our Vendor’s Special completion date of the sale. These Conditions can usually be inspected during Conditions of Sale. All properties must have 15. The Auctioneers announcements at the the usual office hours at the offices of the Vendor’s deposits paid by Bank/Building Society Draft or commencement of the sale are an important Solicitors mentioned in these particulars during the Visa debit card. Please contact the relevant part of the proceedings. Thereafter the Auction five days (exclusive of Saturday and Sunday), auction office for advice about acceptable will proceed without delay and the Auctioneer immediately before and exclusive of the day of the payments. In default of any of the the above, the will not describe the properties in detail nor Sale. Most auction packs may be viewed online, visit Auctioneer shall be entitled as Agent for the read out the special conditions or amendments. www.sdlauctions.co.uk The Conditions may also be Vendor, to treat the failure or default as a 16. The services, kitchen and sanitary ware, inspected in the Sale Room at the time of the Sale, repudiation and rescind the Contract. electrical appliances and fittings, plumbing and but they will NOT then be read. The Purchaser shall Thereafter the Auctioneer shall be entitled to re- heating installations (if any) have NOT been be deemed to bid on those terms, whether he shall submit the property for sale and if a successful tested by the Selling Agents. Prospective have inspected the Conditions or not. bidder does not pay a deposit and/or complete purchasers should therefore undertake their the memorandum, the Vendor reserves the right own investigations/survey to clarify the PROPERTY MISREPRESENTATION to claim any loss he suffers as a result. suitability of such services to meet their The Agents for themselves and for the Vendors of 6. All purchasers whether buying prior, during or particular requirements. these Lots, whose Agents they are, give notice that: post Auction are required to pay a buyers 17. We are advised by the Vendor, where These Particulars do not constitute any part of an administration fee of £1074 inc VAT (unless appropriate, that an EPC (Energy Performance offer, or a contract. All the statements contained in stated otherwise), this fee is to be added to the Certificate) has been commissioned and will be these particulars as to the Lots are made without deposit, irrespective what costs may be available within the legal pack. responsibility and are not to be relied on as included within the Contract or Special 18. The plans provided in this catalogue are for statements or representations of fact and they do Conditions. A buyers administration fee does identification purposes only and their accuracy not make or give any representations or warranty not apply where a reservation fee is payable. is not guaranteed. All Ordnance Survey maps whatsoever in relation to these Lots. The reservation fee will be 4.8% inc VAT of the are reproduced with the sanction of the Any intending Purchaser must satisfy himself by purchase price, subject to a minimum of £6,000 Controller of HM Stationery Office (Crown inspection or otherwise as to the correctness of each inc VAT, unless stated otherwise. Copyright Reserved Licence No. LIG0183). of the statements contained in these Particulars.
6 | *Please see Important Notices for definition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees FREQUENTLY ASKED QUESTIONS
Q. What order will the lots be offered in? Q. If I am unable to attend the Auction, can someone bid on A. The Lots are offered as listed in the catalogue my behalf? (Yes we are asked this question frequently!) A. Yes, however they must bring with them 2 forms of original identification for you and for themselves, along with Q. Can I view the properties before the Auction? an authorisation letter from yourself. It must be noted that A. Yes, please contact the office or book onto the set should you default, the bidder will be liable. viewing appointments online at www.sdlauctions.co.uk. Q. Can I make an offer prior to the Auction? Q. What is a reserve price? A. Yes, some vendors will consider selling prior to the A. A reserve price is the price stipulated as the lowest auction but only on the condition that an unconditional acceptable by the vendor. This figure is confidential between contract is exchanged before the auction with a cleared the vendor and auctioneer. funds deposit. Q. Is the guide price the same as the reserve price? Q. How can I make this offer? A. No, not always. The guide is an indication given by the A. Offers must be made in writing or by email to Auctioneer. Where the guide price is a bracket figure, the [email protected] Verbal offers will not be reserve cannot exceed the top end of the bracket price. If accepted. Offers may not be acknowledged, but you will be the guide price is a single figure, then the reserve can be up contacted within 7 days if your offer is accepted. to 10% in excess of this. Q. Can I have the property surveyed before the auction? A. Yes, your surveyor must contact us for access. Q. How do I register to bid at the auction? A. You must register on the day of the Auction at the auction Q. Do some lots not sell? venue, you will need 2 forms of original or certified A. Yes, if a reserve price is not reached the lot will not sell. identification (one photo and one proof of address) to We continue to market most unsold properties after the register. To save you time on auction day, you can fill in the auction so you may still purchase these lots, however all registration form within this catalogue and bring it with you post-auction sales are under auction terms. on the day. Q. Are there any further costs to pay in addition to the sale Q. How long does it take to offer each lot? price? A. Each lot varies; there is no set amount of time per lot A. A buyers administration fee of £1074 inc VAT (see although it is generally approximately 2-3 minutes per lot. Important Notices in the catalogue) is payable on exchange to SDL Auctions if the lot is sold unconditionally. If a Q. If I am a successful bidder how much deposit do I have to property is an unconditional reservation fee lot or pay? conditional reservation fee lot then a reservation fee of 4.8% A. Normally 10% of the purchase price for an unconditional inc VAT (subject to a minimum fee of £6000 inc VAT) is sale, however we do recommend checking the legal pack to payable (unless stated otherwise). Any further additional confirm this as some lots vary. If the property is sold via the costs, which are payable in addition to the purchase price unconditional reservation fee method then a 5% deposit is will be included within the Special Conditions that are payable. The deposits are subject to a minimum fee of attached to the Contract. Therefore all prospective £5,000. purchasers must inspect the legal packs and we strongly advise that all prospective purchasers request a legal Q. How is the deposit payable? representative to go through the pack for every lot that you A. Either by banker’s draft (made payable to “SDL may wish to bid on, in order to be made fully aware of any Auctions”) or debit card. additional costs, if applicable. Q. How much should I make my bank draft for? Q. Why is a reservation fee payable on some lots? A. 10% of your maximum offer, if you purchase the property A. A buyers reservation fee is payable by the buyer where a for less than your maximum offer, the full amount of monies seller has opted to sell with no fees. However, as a result, a will be used as your deposit i.e. more than 10% deposit paid lower reserve price is usually agreed. The reservation fee does and you will pay less on completion. If you purchase the not contribute toward the purchase price. A buyers property for slightly more than your intended maximum administration fee is not payable on these lots. offer you can top your deposit up with a debit card. Q. If I do not complete the sale are there any penalties? Q. If I am a successful purchaser when do I have to complete A. Yes, firstly you will lose your deposit and admin fee, the purchase and pay the balance monies? furthermore the Vendor may sue you for the balance owed A. The normal completion period is 20 business days after and any further losses caused. the sale, although you should inspect the legal pack to Q. Will I be able to get a mortgage on the property? confirm this as some lots vary. A. Not all properties are suitable for mortgage security and we strongly recommend that you arrange for an Q. How can I view the legal pack and contract before the independent survey to be carried out if you require auction? mortgage finance. A. These are available to view on our website and are uploaded as and when we receive them from the appointed Q. How do I know whether the details given in the catalogue solicitor. They can also be inspected on the day of the change or a property is withdrawn or sold prior? A. An addendum is available on our website auction in the auction room. (www.sdlauctions.co.uk) at all times and is updated regularly Q. If I am unable to attend the auction can I bid by proxy, and is also available at the auction. telephone or internet? Alternatively, you can register for our email alert service by A. Yes, a proxy, telephone or internet bidding form is emailing us on [email protected] It is essential available within the catalogue or on our website. This form that you see the addendum prior to bidding. must be completed and returned to the Auctioneers along Q. Can I go on the permanent mailing list to receive future with a bank draft or building society draft for the deposit auction catalogues? and buyers fee at least 48 hours prior to the Auction Sale for A. Yes, contact us by telephone (0161 774 7333) or by email telephone and internet bids and 24 hours for proxy bids. ([email protected])
*Please see Important Notices for definition of guide price Next Auction: 23rd July 2018 | 7 and auction fees PROOF OF IDENTITY & ADDRESS
All bidders and buyers must provide two forms of identification, one photographic and one proof of address in order to register and receive a bidding paddle. Original documents MUST be provided. Photocopies are NOT acceptable.
PHOTOGRAPHIC ID EVIDENCE OF ADDRESS
• Current signed passport • Current full UK/ EU driving licence* • Current full UK/ EU driving licence* • Utility bill issued with the last 3 months • Resident Permit issued by the Home • Local Authority tax bill Office to EU Nationals • Bank, Building Society or Credit Union • Inland Revenue Tax Notification statement from a UK lender • State Pension, Benefit Book or • State Pension, Benefit Book or notification letter* notification letter*
*These documents may be used as proof of identification or evidence of address but NOT both.
WHAT ELSE DO I NEED TO BRING...
• If I am bidding as an agent for the buyer? • Full names of board of directors (unless • Written authority from the buyer stating company is listed on a regulated market) they give you authority to bid on their • ID for shareholders holding more than 25% behalf. of share capital • ID for the bidder and buyer • If I am bidding for an unincorporated • If there is more than one individual business or partnership? purchasing jointly? • ID is required for each buyer. • ID for the bidder • Written authority from the company that • If the provider of funds is different to the you have the authority to purchase on bidder or buyer? behalf of the company at the auction • ID for the funds provider • Certificate of incorporation • ID for the bidder and buyer • If I am bidding for a Limited company or • If I am bidding for a Trust (or similar)? Limited Liability Partnership (LLP)? • ID for the bidder • ID for the bidder • ID for each beneficial owner • Certificate of incorporation • ID relating to the settler of the trust • Proof of registered office address • ID for each trustee
8 | www.sdlauctions.co.uk Closing date for next Auction: 2nd July 2018 - Entries Invited REGISTRATION OF BIDDERS BIDDERS NO:
You will be required to register before you can take part in the auction. If you would like to be prepared you can fill in our Auction Registration Form below ready to bring with you on the day. BIDDER DETAILS
First Name: Surname:
Company:
Address:
Postcode: Telephone:
Email:
BUYERS DETAILS * ONLY APPLICABLE IF BIDDING ON SOMEONE ELSES BEHALF
First Name: Surname:
Company:
Address:
Postcode: Telephone:
Email:
SOLICITORS/CONVEYANCER DETAILS
First Name: Surname:
Company:
Address:
Postcode: Telephone:
Person Dealing:
MEANS OF IDENTIFICATION NB: TWO FORMS OF ORIGINAL I.D. MUST BE BROUGHT TO THE AUCTION IN ORDER TO BID
Passport: Driving Licence: Bank Statement: Utility Bill:
Other:
MEANS OF DEPOSIT PAYMENT
Building Society Debit Card: Bankers Draft: Draft:
I confirm I will pay the required deposit and the Auctioneer’s buyers fee once the hammer has fallen. I confirm that I will purchase Lots with full knowledge and acceptance of the Important Notices, Common Auction Conditions, Legal Pack and Addendum. I hereby acknowledge that I take full responsibility of all bids undertaken with the above bidders number. Privacy Notice: SDL Auctions Registration of Bidders SDL Auctions is part of the SDL Group (www.sdlgroup.co.uk). We collect the above information from you so that we can conduct the bidding process. We may also use your data to send you relevant marketing from within the Group. We will store your data for six years. To opt out or if you have any questions about how we handle your data please contact [email protected].
SIGNATURE: DATE:
*Please see Important Notices for definition of guide price Next Auction: 23rd July 2018 | 9 and auction fees A COFFEE WITH...
Sue Randell Head of B2B Marketing at SDL Auctions
I joined the business in 1992 as an office junior straight from our corporate clients over the years. I think it’s important to school. My journey started at Bond Wolfe, with the owners always offer a friendly, professional and honest service and to buying Bigwood who were acquired by the SDL Group. I’ve always do your best for them, that way they’re more likely to worked in various roles over the years including residential and use you again and again. commercial agency, surveying and auctions before finally Who has inspired you most in your business life, and why? settling on marketing, with my focus being on B2B marketing for our busy auction department - a role I absolutely love. It has got to be Rory Daly, I have worked for him for over 25 years and I couldn’t ask for a better boss. He has supported and encouraged me to be the best that I can be and I don’t think I’d be where I am today without him.
What is your proudest achievement in business? When we launched Bond Wolfe auctions, Rory and I literally started from scratch and grew them over the years into a very successful business. Since then, the company has merged and evolved into what it is today. It’s been a pretty amazing journey.
What drives and motivates you? Doing a good job. I’m a bit of a perfectionist so if I’m going to do something I like to do it properly, I don’t like to cut corners and I like everything to be on brand.
If you hadn’t been Head of B2B Marketing at SDL Auctions, what would you do instead? What is your business motto? I would like to have worked with children, maybe as a paediatric I don’t have one as such but, being as you spend so much time nurse, in a special needs school or with vulnerable children, at work, I believe it’s important to enjoy what you do so I something that could make a difference to their young lives. suppose this quote by Steve Jobs pretty much sums it up “The What time of day are you at your best, and why? only way to do great work is to love what you do”. Probably mid-morning, I hate getting up and it takes me a What is the best quality of SDL Auctions, and how is it good few hours to get myself ready and motivated. different to other auction businesses? It has got to be our dedicated team, everyone works so hard to Do you use Facebook, Twitter or other social media? put together great auctions, to offer an exceptional service and I do a bit but not as much as I should for someone working in to achieve the best prices for each and every property. It’s more marketing. I never find the time for it personally and luckily we than just a job, it’s what we love doing and I’m not sure many have a social media executive in the department so I can get businesses could replicate it. away with it at work.
What is office life like for you and your team? If you could have a coffee with anyone, who would it be, and Busy, busy, busy - but in a good way. We are always looking for what would be your choice? new ways of doing things so nothing ever stands still and with Probably my mom, she’s such a rock to the whole family and at least 40 auctions during the year, there are always so many we’re as busy as each other so we don’t catch up as much as deadlines but I think that’s what drives us. we should. However, John Bishop could be fun, I think we could What is your approach to work / life balance? share some amusing stories about our kids. Either way I don’t I am lucky to work part time and to have a degree of flexible drink coffee so it would have to be a good old English cup of working, which is a good job as I also have two very busy tea. children. They have sporting activities every day of the week so How do you relax outside of work? we’re always dashing somewhere. I am very blessed to have fantastic family and friends, I love to What is your approach to making contacts which are useful spend time with them whether that being having a cider at the for the business? local cricket club on a Friday night, a family meal at our Working in marketing I don’t have much direct contact with our favourite restaurant, playing board games or getting away on clients however, I have built up some good relationships with holiday, it’s important to live life to the maximum.
10 | www.sdlauctions.co.uk Closing date for next Auction: 2nd July 2018 - Entries Invited ORDER OF SALE & *GUIDE PRICES
All guide prices are subject to additional non-optional fees, including the buyers administration fee. Please see Important Notices in the catalogue for a definition of Auction Fees.
LOT 1. 3 Short Street, Bacup, Lancashire £20,000+
LOT 2. Incefield House, 234 Ince Green Lane, Ince, Wigan £100,000 - £125,000
LOT 3. 3A Jetson Street, Manchester £63,000+
LOT 4. Ground Rents at The White House, Wilmslow Road, Handforth, Wilmslow, Cheshire WITHDRAWN
LOT 5. 25 Stanway Street, Moston, Manchester £63,000+
LOT 6. 36 Carberry Road, Abbey Hey, Manchester £73,000+
LOT 6A. 15 Minnie Street, Bolton £60,000+
LOT 7. 258 Newcastle Street, Stoke on Trent, Staffordshire £165,000+
LOT 8. 50a Coleridge Way, Crewe, Cheshire £45,000+
LOT 9. 5 Elmbridge Walk, Moston, Manchester £73,000+
Potential Building Plot at Meadow Walk, Off Highfield Road, Farnworth, Bolton, Greater LOT 10. £15,000 - £20,000 Manchester
LOT 11. 11 Stanley Street, Tyldesley, Manchester £38,000+
LOT 12. 51 Madison Street, Abbey Hey, Manchester £63,000+
LOT 13. Potential Building Plot at Sefton Fold Gardens, Billinge, St. Helens, Merseyside £25,000 - £30,000
LOT 14. 1 Ousby Road, Morecambe, Lancashire £70,000+
LOT 15. Former George Street Mill, George Street, Burnley £350,000+
LOT 16. 39 Spreadbury Street, Moston, Manchester £63,000+
LOT 17. 28 Briscoe Lane, Newton Heath, Manchester £63,000+
LOT 18. 32 Melbourne Street, Moston, Manchester £63,000+
LOT 19. 7 Low Bank Road, Ashton-In-Makerfield, Wigan £135,000+
LOT 20. 30 Broadwood Street, Liverpool £50,000 - £60,000
LOT 21. 44 Alphonsus Street, Middlesbrough £30,000+
LOT 22. Former Tunstall Healthcentre, Dunning Street, Stoke-On-Trent £295,000 - £325,000
LOT 23. 38 Gill Street, Moston, Manchester £73,000+
LOT 24. 24 Romney Street, Moston, Manchester £63,000+
LOT 25. Former Natwest Bank & Conservative Club, 20/20a King Street, Stretford, Manchester £160,000 - £170,000
LOT 26. 124 Stavely Street, Edlington, Doncaster, South Yorkshire £25,000+
LOT 27. 1 Garside Drive, Hartlepool, County Durham £55,000+
LOT 28. 59 Ainsworth Road, Bury, Lancashire £37,000+
*Please see Important Notices for definition of guide price Next Auction: 23rd July 2018 | 11 and auction fees UNCONDITIONAL & CONDITIONAL AUCTIONS EXPLAINED
U Unconditional Upon the fall of the hammer the buyer shall... • Be legally bound to buy the property • Pay a 10% deposit, subject to a minimum of £5,000 (this will contribute towards the purchase price) • Pay a buyers administration fee of £1074 including VAT (unless an alternative administration fee has been quoted in the important notices to bidders at the front of the catalogue) • Please note additional charges may apply and these will be included in the special conditions of sale, which are available in the legal pack • Exchange contracts on the fall of the hammer and sign the special conditions of sale held with the auctioneer or solicitor • Complete the purchase within 28 days (unless an alternative date has been specified in the special conditions of sale) Please note all lots in this catalogue are being sold subject to unconditional terms unless otherwise stated (and showing the UR or CR icon).
U R Unconditional Reservation Fee Upon the fall of the hammer the buyer shall... • Be legally bound to buy the property • Pay a 5% deposit, subject to a minimum of £5,000 (this will contribute towards the purchase price) • Pay a reservation fee of 4.8% including VAT or 3.5% including VAT in London, subject to a minimum of £6,000 including VAT. The reservation fee does not contribute towards the purchase price. • Exchange contracts on the fall of the hammer and sign the special conditions of sale held with the auctioneer or solicitor • Complete the purchase within 28 days (unless an alternative date has been specified in the special conditions of sale)
C R Conditional Reservation Fee Upon the fall of the hammer the buyer shall... • Pay a reservation fee of 4.8% including VAT or 3.5% including VAT in London, subject to a minimum of £6,000 including VAT. The reservation fee does not contribute towards the purchase price. • Sign the reservation contract with the auctioneer • Exchange contracts within 28 days • Complete the purchase within an additional 28 days of the exchange (unless an alternative date has been specified in the reservation contract)
*The reservation fee represents a different set of charges to the regular auction lots. A reservation fee is payable by the buyer where a seller has opted to sell with no fees. However, as a result, a lower reserve price is usually agreed. The reservation fee does not contribute toward the purchase price. Please ensure you understand the difference between conditional and unconditional auctions (and which type of auction you are bidding on), the associated costs and your legal obligation. If you are unsure or have any questions please contact one of our auction specialists or speak to a member of staff on the day before bidding. Please note ALL fees and deposits are non-refundable
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12 | www.sdlauctions.co.uk Closing date for next Auction: 2nd July 2018 - Entries Invited DEPOSITS Important Information
All properties are subject to a 10% deposit* (subject to a £5000 minimum deposit) which is payable on the exchange of contracts.
Deposits can be paid by debit card or bankers draft.
There is also a buyers administration fee or reservation fee to pay on exchange. An explanation of additional fees can be found overleaf.
*Unless stated otherwise in the legal pack.
NO LONGER ACCEPTING CHEQUES
All deposits must be paid by:- As an extra safeguard to our Bank/Building vendors we NO longer Society Draft accept any cheques. To benefit all purchasers there will be Debit Card no card charges for payments made by debit card.
www.sdlauctions.co.uk A GUIDE TO ADDITIONAL FEES Important notice relating to fees, costs and charges payable by the buyer in addition to the purchase price
BUYERS ADMINISTRATION FEE All buyers will be required to pay a Buyers Administration Fee of £1074 inc VAT (unless otherwise stated in the important notices or where a reservation fee is applicable) payable on each lot purchased whether purchasing prior, during or after the auction.
ADDITIONAL FEES, COSTS AND CHARGES In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs or reservation fees. All prospective buyers are advised to inspect the legal documents including the contract and special conditions and seek their own independent legal advice as to the full cost of purchasing a specific property.
All bidders are assumed to have inspected the legal packs available on our website – www.sdlauctions.co.uk – and in the auction room prior to bidding and are fully aware of all terms and conditions including any fees, costs, charges, completion dates and other relevant matters which may be applicable, once they have successfully purchased the property.
FOR FURTHER INFORMATION If you have any questions about a lot you would like to bid on, please contact the team on 0161 774 7333 or email at [email protected]
14 | *Please see Important Notices for definition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees LOTLOT 1 3 SHORT STREET, BACUP, LANCASHIRE OL13 0LH
A VACANT ONE BEDROOM MID TERRACE HOUSE
PROPERTY DESCRIPTION: The property is situated in a convenient location with a range of shops, schools and transport links all within easy reach. The accommodation benefits from gas central heating and UPVC double glazing but would benefit from a scheme of cosmetic improvements.
ACCOMMODATION: Ground Floor: Lounge, kitchen. First Floor: Bedroom, bathroom. Outside: On street parking, outhouse.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk *GUIDE PRICE £20,000+ (plus fees) For identification purposes only. Not to scale.
LOT 22 INCEFIELD HOUSE, 234 INCE GREEN LANE, INCE, WIGAN WN3 4RJ
VACANT FORMER PUBLIC HOUSE WITH EXPIRED PLANNING PERMISSION TO CONVERT INTO 10 RESIDENTIAL APARTMENTS
PROPERTY DESCRIPTION: A former public house located on the corner of Ince Green Lane and High Street in a predominantly residential area, close to a number of local amenities and facilities including a local primary school and Ince train station. Planning permission was initially granted in January 2015 for the conversion of the existing building into 10 residential apartments, but the approval has since expired (application A/14/ 79561). This period property is sure to be of strong interest to local investors and developers looking for their next project, although any interested parties are advised to make their own planning enquiries For identification purposes only. Not to scale. with the local authority.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
Parking area *GUIDE PRICE £100,000 - £125,000 (plus fees) For identification purposes only. Not to scale.
If you can’t make the auction room, you can bid on the telephone, by proxy or online. See the form at the back of this catalogue.
*Please see Important Notices for defi nition of guide price Next Auction: 23rd July 2018 | 15 and auction fees
SDL NW May18 Lots.indd 15 08/05/2018 16:58 LOT 33 3A JETSON STREET, ABBEY HEY, MANCHESTER M18 8SU
A TWO BEDROOMED RESIDENTIAL INVESTMENT OPPORTUNITY - CURRENT RENTAL INCOME £6,300 PER ANNUM
PROPERTY DESCRIPTION: A tenanted two bedroom terraced house conveniently located with easy access to local amenities, as well as excellent transport links into Manchester city centre. The accommodation benefits from gas central heating and double glazing.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Kitchen, two reception rooms. First Floor: Two bedrooms, bathroom. Outside: Yard.
ENERGY EFFICIENCY RATING: Awaited TENURE: Freehold SUBJECT TO TENANCY VIEWING: Viewings can be booked online at www.sdlauctions.co.uk *GUIDE PRICE £63,000+ (plus fees) For identification purposes only. Not to scale.
LOT 4 GROUND RENTS AT THE WHITE HOUSE, WILMSLOW ROAD, HANDFORTH, LOT 4 WILMSLOW, CHESHIRE SK9 3BD EXCELLENT OPPORTUNITY TO ACQUIRE 12 GROUND RENTS
PROPERTY DESCRIPTION: 12 ground rents of £150 each per annum. The term for each is 250 years with a fixed increase to £250 per annum half way through the term. N TENURE: Freehold W SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk WITHDRA GROUND RENT ONLY
*GUIDE PRICE £20,000+ (plus fees) For identification purposes only. Not to scale.
LOT 55 25 STANWAY STREET, MOSTON, MANCHESTER M9 4JQ
RESIDENTIAL INVESTMENT OPPORTUNITY - CURRENT RENTAL INCOME £6,240 PER ANNUM.
PROPERTY DESCRIPTION: A two bedroom terraced property in the popular residential area of Moston, close to a range of local amenities as well as providing excellent transport links into Manchester city centre. The accommodation benefits from gas central heating. We understand this property is tenanted with an income of £520 pcm.
ACCOMMODATION: Ground Floor: Through lounge and kitchen. First Floor: Two bedrooms, bathroom. Outside: Rear yard.
ENERGY EFFICIENCY RATING: D
TENURE: Freehold
SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £63,000+ (plus fees) For identification purposes only. Not to scale.
16 | *Please see Important Notices for defi nition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees
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* Other fees and charges apply and are variable based RQWKHORDQDPRXQW SPLVDSSOLFDEOHIRUWKHÀUVW 6 months of the loan. Standard construction only. * Any property used as security, including your home, may be repossessed if you do not keep up on repayments on a mortgage or any other debt secured on it. LOTLOT 6 36 CARBERRY ROAD, ABBEY HEY, MANCHESTER M18 8PG
RESIDENTIAL INVESTMENT OPPORTUNITY - THREE BEDROOM TERRACE HOUSE. CURRENT RENTAL INCOME £6,900 PER ANNUM.
PROPERTY DESCRIPTION: A tenanted three bedroom, bay-fronted, terrace house producing £6,900 per annum. Conveniently located with easy access to local amenities as well as excellent transport links into Manchester city centre. The accommodation benefits from gas central heating and double glazing.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Kitchen, two reception rooms. First Floor: Three bedrooms, bathroom. Outside: Rear yard.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £73,000+ (plus fees) For identification purposes only. Not to scale.
LOT 6A6A 15 MINNIE STREET, BOLTON, GREATER MANCHESTER BL3 4EF
A VACANT THREE BEDROOMED MID-TERRACE HOUSE
PROPERTY DESCRIPTION: The property is ideally positioned for all local facilities and transport links within driving distance of Bolton town centre.The accommodation would benefit from a scheme of updating and improvement throughout.
ACCOMMODATION: Ground Floor: Entrance vestibule, lounge, dining kitchen. First Floor: Three bedrooms, bathroom. Outside: Small front garden and rear yard.
ENERGY EFFICIENCY RATING: Awaited LOT OFFERED IN PARTNERSHIP WITH: TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk *GUIDE PRICE £60,000+ (plus fees) For identification purposes only. Not to scale.
LOTLOT 7 258 NEWCASTLE STREET, STOKE ON TRENT, STAFFORDSHIRE ST6 3RQ
EXCELLENT FREEHOLD OPPORTUNITY TO ACQUIRE A BLOCK OF SEVEN FLATS. CURRENT RENTAL INCOME £22,920 PER ANNUM.
PROPERTY DESCRIPTION: An excellent freehold opportunity to acquire a block of seven flats comprising six one bedroom flats and one two bedroom flat. The flats are currently let producing an annual rental income of £22,920. The property is situated within 0.2 miles of Longport train station and located within easy access to local shops, schools and amenities.
ENERGY EFFICIENCY RATINGS: Flat 1 - E; Flat 2 - E; Flat 3 - E; Flat 4 - Awaited; Flat 5 - F; Flat 6 - E; Flat 7 - E
TENURE: Freehold
SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £165,000+ (plus fees) For identification purposes only. Not to scale.
18 | *Please see Important Notices for defi nition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees
SDL NW May18 Lots.indd 18 08/05/2018 16:58 LOT 88 50A COLERIDGE WAY, CREWE, CHESHIRE CW1 5JX
IDEAL PURCHASE FOR FIRST TIME BUYER OR BUY TO LET LANDLORD
PROPERTY DESCRIPTION: A spacious first floor flat situated in a mainly residential area, within easy reach of local shops within the immediate vicinity and a short distance from Crewe town centre. Benefiting from UPVC double glazing and electric heating the property would make an ideal investment for a first time buyer or buy to let landlord. The property would benefit from some cosmetic updating in parts.
ACCOMMODATION: First Floor: Entrance hall, kitchen, living room, two bedrooms, bathroom.
ENERGY EFFICIENCY RATING: G
TENURE: Leasehold VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £45,000+ (plus fees) For identification purposes only. Not to scale.
LOTLOT 9 5 ELMBRIDGE WALK, MOSTON, MANCHESTER M40 5ND
RESIDENTIAL INVESTMENT OPPORTUNITY - CURRENT RENTAL INCOME £6,300 PER ANNUM.
PROPERTY DESCRIPTION: A three bedroomed tenanted house producing £6,300 per annum. The property is conveniently located with easy access to local amenities as well as excellent transport links into Manchester city centre. The accommodation benefits from gas central heating and double glazing.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Kitchen, reception room, wc. First Floor: Three bedrooms, bathroom. Outside: Small front garden, rear yard.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £73,000+ (plus fees) For identification purposes only. Not to scale. SIGN UP FOR 2018 PRINTED CATALOGUES
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*Please see Important Notices for defi nition of guide price Next Auction: 23rd July 2018 | 19 and auction fees
SDL NW May18 Lots.indd 19 08/05/2018 16:58 LOT 10 POTENTIAL BUILDING PLOT AT MEADOW WALK, OFF HIGHFIELD ROAD, LOT FARNWORTH, BOLTON, GREATER MANCHESTER BL4 0AF A FREEHOLD VACANT PARCEL OF LAND WITH DEVELOPMENT POTENTIAL (STPC)
PROPERTY DESCRIPTION: A vacant parcel of land believing to measure approximately 290 m sq. We understand from the vendor that utility services and public mains drainage are in close proximity and could be connected, however interested parties are advised to carry out their own enquiries. Please note the drawings provided have not been submitted for planning approval and are for illustrative purposes only.
ACCOMMODATION: If built in accordance with the drawings, the accommodation would comprise - Ground Floor: Integral garage, lounge/diner, kitchen, utility room, wc. First Floor: Two bedrooms, bathroom. For identification purposes only. Not to scale. Second Floor: Two bedrooms, shower room.
TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Direct on site.
*GUIDE PRICE £15,000 - £20,000 (plus fees) For identification purposes only.For Not illustrative to scale. purposes only. Not to scale.
LOT 1111 11 STANLEY STREET, TYLDESLEY, MANCHESTER M29 8AE
A VACANT GROUND FLOOR RETAIL UNIT
PROPERTY DESCRIPTION: Shop unit located in the centre of Tyldesley close to Tyldesley primary school and within walking distance to St Georges Park and Tyldesley rugby club. The property benefits from ample local parking and has previously been tenanted by a charity at £500pcm.
ACCOMMODATION: Ground Floor: Retail area (approx 40 sqm), staff/store room (approx 20 sqm), access to basement (approx 60 sqm). Outside: Shared yard to rear.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk *GUIDE PRICE £38,000+ (plus fees) For identification purposes only. Not to scale.
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20 | *Please see Important Notices for defi nition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees
SDL NW May18 Lots.indd 20 08/05/2018 16:58 LOT 1212 51 MADISON STREET, ABBEY HEY, MANCHESTER M18 8SE
RESIDENTIAL INVESTMENT OPPORTUNITY - TWO BEDROOM MID-TERRACE. CURRENT RENTAL INCOME £6,300 PER ANNUM.
PROPERTY DESCRIPTION: The property is conveniently located with easy access to local amenities as well as excellent transport links into Manchester city centre. The accommodation benefits from gas central heating and double glazing.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Two reception rooms and kitchen. First Floor: Two bedrooms and bathroom. Outside: Rear yard.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £63,000+ (plus fees) For identification purposes only. Not to scale.
LOT 13 POTENTIAL BUILDING PLOT AT SEFTON FOLD GARDENS, BILLINGE, ST. HELENS, LOT MERSEYSIDE WN5 7QS A FREEHOLD VACANT PARCEL OF LAND WITH DEVELOPMENT POTENTIAL (STPC)
PROPERTY DESCRIPTION: A vacant parcel of land believing to measure approximately 298 m sq. We understand from the vendor that utility services and public mains drainage are in close proximity and could be connected, however interested parties are advised to carry out their own enquiries. Please note the drawings provided have not been submitted for planning approval and are for illustrative purposes only.
ACCOMMODATION: For identification purposes only. Not to scale. If built in accordance with the drawings, the accommodation would comprise - For illustrative purposes only. Not to scale. Ground Floor: Entrance hall, wc, kitchen, utility room, living room, dining room. First Floor: Master Bedroom with en-suite, three bedrooms, bathroom.
TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Direct on site.
*GUIDE PRICE £25,000 - £30,000 (plus fees)
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*Please see Important Notices for defi nition of guide price Next Auction: 23rd July 2018 | 21 and auction fees
SDL NW May18 Lots.indd 21 08/05/2018 16:58 LOT 1414 1 OUSBY ROAD, MORECAMBE, LANCASHIRE LA3 3DR
A VACANT THREE BEDROOMED SEMI DETACHED HOUSE
PROPERTY DESCRIPTION: Situated in a popular residential area, close to a number of amenities including local schools, shops and recreational facilities. The property is in need of a scheme of renovation but is set on a corner plot and benefits from some UPVC double glazing. Nearby Lancaster is easily accessible by public transport.
ACCOMMODATION: Ground Floor: Entrance hall, kitchen, through living/dining room. First Floor: Three bedrooms, bathroom. Outside: Off street parking, low maintenance rear garden.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £70,000+ (plus fees) For identification purposes only. Not to scale.
LOT 1515 FORMER GEORGE STREET MILL, GEORGE STREET, BURNLEY BB11 1LZ
SITE MEASURING OVER 2 ACRES WITH EXPIRED PLANNING PERMISSION FOR LARGE MIXED RESIDENTIAL & COMMERCIAL DEVELOPMENT.
PROPERTY DESCRIPTION: A large freehold site believing to extend to approximately 2.6 acres comprising a former textile mill which has expired planning permission for the construction of 143 residential apartments and approximately 40,000 square feet of commercial space. Fronting the Leeds and Liverpool Canal and forming part of the Weaver Triangle in Burnley town centre, outline consent was granted in November 2013 for a proposed mixed use development of residential and commercial (use classes A2, A3, A4, B1 & C3) (application APP/2009/0306).
Interested parties are advised to consult the local AUCTIONEERS NOTE: For identification purposes only. Not to scale. authority for any information with regards to future planning potential.
TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £350,000+ (plus fees)
If you can’t make the auction room, you can bid on the telephone, by proxy or online. See the form at the back of this catalogue.
22 | *Please see Important Notices for defi nition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees
SDL NW May18 Lots.indd 22 08/05/2018 16:58 LOTLOT 16 39 SPREADBURY STREET, MOSTON, MANCHESTER M40 9DR
RESIDENTIAL INVESTMENT OPPORTUNITY - TWO BEDROOM MID-TERRACE PROPERTY PRODUCING £6,240 PER ANNUM
PROPERTY DESCRIPTION: A two bedroomed mid-terrace property currently let and producing an annual rental income of £6,240 (£520 pcm). The accommodation benefits from UPVC double glazing and gas central heating.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Kitchen/diner, reception room. First Floor: Two bedrooms. bathroom.
ENERGY EFFICIENCY RATING: D
TENURE: Freehold SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £63,000+ (plus fees) For identification purposes only. Not to scale.
LOT 1717 28 BRISCOE LANE, NEWTON HEATH, MANCHESTER M40 1JX
RESIDENTIAL INVESTMENT OPPORTUNITY - TWO BEDROOM MID-TERRACE PROPERTY. CURRENT RENTAL INCOME £6,240 PER ANNUM.
PROPERTY DESCRIPTION: A two bedroomed mid-terrace property currently let and producing an annual rental income of £6,240 (£520 pcm). The accommodation benefits from part UPVC double glazing and gas central heating.
ACCOMMODATION: Ground Floor: Kitchen, two reception rooms. First Floor: Two bedrooms, bathroom.
ENERGY EFFICIENCY RATING: G
TENURE: Leasehold
SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £63,000+ (plus fees) For identification purposes only. Not to scale.
LOTLOT 18 32 MELBOURNE STREET, MOSTON, MANCHESTER M9 4EH
RESIDENTIAL INVESTMENT OPPORTUNITY - TWO BEDROOM END TERRACE PROPERTY CURRENTLY LET PRODUCING £6,240 PER ANNUM
PROPERTY DESCRIPTION: A two bedroomed end-terrace property currently let producing an annual rental income of £6,240 (£520 pcm). The accommodation benefits from gas central heating and UPVC double glazing.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Kitchen, two reception rooms. First Floor: Two bedrooms, bathroom.
ENERGY EFFICIENCY RATING: D
TENURE: Freehold SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk *GUIDE PRICE £63,000+ (plus fees) For identification purposes only. Not to scale.
*Please see Important Notices for defi nition of guide price Next Auction: 23rd July 2018 | 23 and auction fees
SDL NW May18 Lots.indd 23 08/05/2018 16:58 LOTLOT 19 7 LOW BANK ROAD, ASHTON-IN-MAKERFIELD, WIGAN WN4 9QS
AN EXTENSIVE FIVE BEDROOMED PROPERTY WITH THREE RECEPTION ROOMS.
PROPERTY DESCRIPTION: A substantial five bed (formerly six) extended detached house of circa 1650 sq ft over three floors. It would make an ideal HMO (subject to planning, licensing etc) or a spacious family home. There is potential for off road parking with a garage to the rear which has been used as an office/ store. There are three lounges, an extended diner/kitchen with conservatory and three bath/shower rooms including an en suite to the large (formerly two bedrooms) master bedroom which also has a balcony. The property benefits from gas central heating (not tested) and is mainly double glazed.
ACCOMMODATION: For identification purposes only. Not to scale. Ground Floor: Porch, three receptions rooms, kitchen/diner, conservatory. First Floor: Three bedrooms, shower room. Second Floor: Two bedrooms, bathroom. Outside: Small front garden. Block paved/decked rear garden, brick built utility room with wc and a brick built garage now used as an office/store.
ENERGY EFFICIENCY RATING: Awaited
LOT OFFERED IN TENURE: Freehold PARTNERSHIP WITH:
VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £135,000+ (plus fees) For identification purposes only. Not to scale.
LOT 2020 30 BROADWOOD STREET, LIVERPOOL L15 1EH
AN ATTRACTIVE VACANT TWO BEDROOM MID TERRACE PROPERTY
PROPERTY DESCRIPTION: The property is conveniently situated to local amenities with excellent transport links to Liverpool city centre. This property would make an ideal buy to let investment.
ACCOMMODATION: Ground Floor: Hallway, lounge, kitchen. First Floor: Two bedrooms, bathroom.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold
VACANT POSSESSION ON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £50,000 - £60,000 (plus fees) For identification purposes only. Not to scale.
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24 | *Please see Important Notices for defi nition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees
SDL NW May18 Lots.indd 24 08/05/2018 16:58 LOTLOT 21 44 ALPHONSUS STREET, MIDDLESBROUGH TS3 6EA
A FREEHOLD THREE BEDROOM END-TERRACE PROPERTY
PROPERTY DESCRIPTION: The property is conveniently located for Middlesbrough town centre, just a short distance from Teesside University and The James Cook University Hospital. The accommodation benefits from gas central heating and double glazing.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Two reception rooms, kitchen. First Floor: Three bedrooms, bathroom. Outside: Driveway.
ENERGY EFFICIENCY RATING: D
TENURE: Freehold VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £30,000+ (plus fees)
LOT 22 FORMER TUNSTALL HEALTH CENTRE, DUNNING STREET, STOKE-ON-TRENT, ST6 LOT 22 5AP A VACANT SITE WITH APPROVED OUTLINE PLANNING PERMISSION FOR THE CONSTRUCTION OF 19 SEMI- DETACHED HOUSES.
PROPERTY DESCRIPTION: A vacant parcel of land directly accessed off Dunning Street and situated within easy walking distance to Tunstall town centre. The site benefits from approved outline planning permission granted 4th February 2014 for the construction of 19 residential properties reference 55794/OUT. Believing to extend to approximately 1 acre, the cleared site should be of interest to developers and housing associations. Dunning Street is located just off Tunstall High Street which itself offers a wide variety of local shops, whilst being close to the A50 which in turn leads to the M6 motorway network. ForFor identification identification purposes purposes only. only. Not Not to to scale. scale. TENURE: Freehold
VACANT POSSESSION UPON COMPLETION
VIEWING: Direct on site.
*GUIDE PRICE £295,000 - £325,000 (plus fees) For identification purposes only. Not to scale.
You can now book viewings on our website www.sdlauctions.co.uk
*Please see Important Notices for defi nition of guide price Next Auction: 23rd July 2018 | 25 and auction fees
SDL NW May18 Lots.indd 25 08/05/2018 16:58 LOTLOT 23 38 GILL STREET, MOSTON, MANCHESTER M9 4FZ
RESIDENTIAL INVESTMENT OPPORTUNITY - CURRENT RENTAL INCOME £6,900 PER ANNUM.
PROPERTY DESCRIPTION: An attractive three bedroomed terraced house producing £6,900 per annum (£575 pcm). Conveniently located with easy access to local amenities as well as excellent transport links into Manchester city centre. The accommodation benefits from gas central heating and double glazing.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Kitchen, two reception rooms. First Floor: Three bedrooms, bathroom. Outside: Small front garden, rear yard.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £73,000+ (plus fees) For identification purposes only. Not to scale.
LOTLOT 24 24 ROMNEY STREET, MOSTON, MANCHESTER M40 9JY
RESIDENTIAL INVESTMENT OPPORTUNITY - CURRENT RENTAL INCOME £6,300 PER ANNUM.
PROPERTY DESCRIPTION: A traditional two bedroomed terraced house producing £6,300 per annum (£525 pcm). Conveniently located with easy access to local amenities as well as excellent transport links into Manchester city centre. The accommodation benefits from gas central heating and double glazing.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Kitchen, two reception rooms. First Floor: Two bedrooms, bathroom. Outside: Rear yard.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold SUBJECT TO TENANCY
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £63,000+ (plus fees) For identification purposes only. Not to scale. SIGN UP FOR 2018 PRINTED CATALOGUES
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26 | *Please see Important Notices for defi nition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees
SDL NW May18 Lots.indd 26 08/05/2018 16:58 LOT 25 FORMER NATWEST BANK & CONSERVATIVE CLUB, 20/20A KING STREET, LOT 25 STRETFORD, MANCHESTER M32 8AE
VACANT BUILDING/S ARRANGED AS THREE STOREY FORMER BANK PREMESIS AND ANCILLIARY ACCOMMODATION ALONG WITH A FORMER CONSERVATIVE CLUB PROPERTY DESCRIPTION: Located at the entrance to Stertford shopping precinct, just off Chester Road / A56 is this now vacant former bank premises and adjoining former conservative club. Believing to extend in total to approximately 641 square meters (6899 sq ft) the property could be suitable for a variety of future uses including possible part residential development, subject to any necessary planning consents. Nearby commercial occupiers include Pure Gym, Boots and Aldi.
ACCOMMODATION: 20a King Street: 247.9 square meters 20 King Street: 393.86 square meters
AUCTIONEERS NOTE: The accommodation details and measurements have been provided by the vendor and not verified by the auctioneers at the time of catalogue publication.
ENERGY EFFICIENCY RATING: Awaited
TENURE: Freehold VACANT POSSESSION UPON COMPLETION
VIEWING: Viewings can be booked online at www.sdlauctions.co.uk
*GUIDE PRICE £160,000 - £170,000 (plus fees)
*Please see Important Notices for defi nition of guide price Next Auction: 23rd July 2018 | 27 and auction fees
SDL NW May18 Lots.indd 27 08/05/2018 16:58 THE FOLLOWING LOTS ARE BEING SOLD UNCONDITIONALLY WITH A RESERVATION FEE OR CONDITIONALLY WITH A RESERVATION FEE.
UNCONDITIONAL & CONDITIONAL AUCTIONS EXPLAINED
U R Unconditional Reservation Fee Upon the fall of the hammer the buyer shall... • Be legally bound to buy the property • Pay a 5% deposit, subject to a minimum of £5,000 (this will contribute towards the purchase price) • Pay a reservation fee of 4.8% including VAT or 3.5% including VAT in London, subject to a minimum of £6,000 including VAT. The reservation fee does not contribute towards the purchase price. • Exchange contracts on the fall of the hammer and sign the special conditions of sale held with the auctioneer or solicitor • Complete the purchase within 28 days (unless an alternative date has been specified in the special conditions of sale) C R Conditional Reservation Fee Upon the fall of the hammer the buyer shall... • Pay a reservation fee of 4.8% including VAT or 3.5% including VAT in London, subject to a minimum of £6,000 including VAT. The reservation fee does not contribute towards the purchase price. • Sign the reservation contract with the auctioneer • Exchange contracts within 28 days • Complete the purchase within an additional 28 days of the exchange (unless an alternative date has been specified in the reservation contract)
*The reservation fee represents a different set of charges to the regular auction lots. A reservation fee is payable by the buyer where a seller has opted to sell with no fees. However, as a result, a lower reserve price is usually agreed. The reservation fee does not contribute toward the purchase price. Please ensure you understand the difference between conditional and unconditional auctions (and which type of auction you are bidding on), the associated costs and your legal obligation. If you are unsure or have any questions please contact one of our auction specialists or speak to a member of staff on the day before bidding. Please note ALL fees and deposits are non-refundable www.sdlauctions.co.uk
28 | www.sdlauctions.co.uk Closing date for next Auction: 2nd July 2018 - Entries Invited LOT 2626 124 STAVELY STREET, EDLINGTON, DONCASTER, SOUTH YORKSHIRE UR DN12 1BP A VACANT TWO BEDROOM END TERRACE HOUSE
PROPERTY DESCRIPTION: In need of modernisation and suitable for a builder/investor, this spacious property is in a popular rental location and benefits from spacious downstairs living accommodation. Potential rental income of approximately £475 pcm. Due to access issues the property has not been inspected internally and a full inspection is recommended prior to purchase.
ACCOMMODATION: Ground Floor: Lounge, kitchen/diner. First Floor: Two bedrooms, bathroom. LOT OFFERED IN Outside: Small garden. PARTNERSHIP WITH:
ENERGY EFFICIENCY RATING: E TENURE: See Legal Pack VACANT POSSESSION UPON COMPLETION
VIEWING: Strictly by appointment via Century 21 Doncaster 01302 637121 *GUIDE PRICE £25,000+ (plus fees) For identification purposes only. Not to scale.
LOT 2727 1 GARSIDE DRIVE, HARTLEPOOL, COUNTY DURHAM TS24 9HF U R A VACANT THREE BEDROOMED SEMI-DETACHED PROPERTY
PROPERTY DESCRIPTION: Situated on a large corner plot and is ideal for investors with a potential yield of over 8%.
ACCOMMODATION: Ground Floor: Entrance hall, living room, breakfast kitchen. First Floor: Three bedrooms, bathroom. Outside: Large corner plot with lawned areas to the front and sides, paved rear garden.
ENERGY EFFICIENCY RATING: D LOT OFFERED IN PARTNERSHIP WITH: TENURE: See Legal Pack
VACANT POSSESSION UPON COMPLETION
VIEWING: Strictly by appointment via Belvoir Sutton 020 3859 3444
*GUIDE PRICE £55,000+ (plus fees) For identification purposes only. Not to scale.
LOT 2828 59 AINSWORTH ROAD, BURY, LANCASHIRE BL8 2QA U R TWO BEDROOMED MID TERRACE HOUSE
PROPERTY DESCRIPTION: Two bedroomed mid-terraced property requiring full renovation throughout.
ACCOMMODATION: The auctioneers have not inspected the property but believe it to comprise - Ground Floor: Lounge, dining kitchen. First Floor: Two bedrooms, bathroom. Outside: Rear yard. LOT OFFERED IN ENERGY EFFICIENCY RATING: Awaited PARTNERSHIP WITH:
TENURE: See Legal Pack
VACANT POSSESSION UPON COMPLETION
VIEWING: Strictly by appointment via Miller Metcalfe Bury 0161 710 2168 *GUIDE PRICE £37,000+ (plus fees) For identification purposes only. Not to scale.
*Please see Important Notices for defi nition of guide price Next Auction: 23rd July 2018 | 29 and auction fees
SDL NW May18 Lots.indd 29 08/05/2018 16:58 PARTNER AGENTS
PROUD TO WORK IN PARTNERSHIP WITH
sales & lettings
ESTATE AGENTS & PROFESSIONAL LETTING AGENTS
Interested in joining us as an Auction Partner? Get in touch to find out more or to arrange to meet with one of the team.
0345 222 0197 [email protected]
30 | *Please see Important Notices for definition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees PARTNER AGENTS
AUCTION PARTNERS
*Please see Important Notices for definition of guide price Next Auction: 23rd July 2018 | 31 and auction fees GROUP
The SDL Group. Your partner in property services.
RISK AUCTION SURVEYING MANAGEMENT AUCTIONS PARTNERS
PROPERTY PROPERTY MANAGEMENT PARTNERS UNITED KINGDOM
sdlgroup.co.uk PROXY, TELEPHONE & INTERNET BIDDING FORM Please complete one form per property you wish to bid for. Please tick to either bid by:
Date of Telephone Proxy Internet Lot No Auction
I hereby instruct and authorise the relevant auctioneers to bid on my behalf in accordance with the terms and conditions as set out in this catalogue and I understand that should my bid be successful the offer will be binding upon me. LOT DETAILS
Lot Address:
Postcode:
Max Bid Price: £
Price in Words:
All successful purchasers are required to pay a buyers administration fee of £1074 inc VAT (unless otherwise stated in the Important Notices) per property purchased and this is to be added to the deposit amount (see general condition 8). Deposits should be paid by Banker’s Draft, Building Society Draft or Debit Card. Drafts to be made out for 10% of the maximum proposed purchase price or £5,000 minimum where the bid is below £50,000.
Payment for 10% Deposit and Buyers Administration Fee £ (is enclosed herewith)
PURCHASER DETAILS
Name:
Company:
Address:
Postcode:
Tel. no to contact on the day: Additional tel no:
Email:
BIDDER DETAILS
Name:
Company:
Address:
Postcode:
Tel. no to contact on the day: Additional tel no:
Email:
SOLICITORS DETAILS
Name:
Company:
Address:
Postcode:
Telephone: Mobile:
Email:
Please see overleaf for Payment Details
*Please see Important Notices for definition of guide price Next Auction: 23rd July 2018 | 33 and auction fees PAYMENT DETAILS
I enclose a Bank/Building Society Draft or debit card details for the 10% deposit (subject to a minimum of £5,000) plus the Buyers Administration Fee of £1074 inc VAT (unless otherwise stated in the Important Notices) I attach Bank Draft/Building Society Draft for: £ In words:
Card Number:
Valid from: Expires End: Issue: CSC:
Name (as it appears on card):
NOTE: Any drafts and/or debit card details supplied will be shredded unless otherwise requested in the event of an unsuccessful proxy, telephone or internet bid.
TERMS & CONDITIONS FOR PROXY, TELEPHONE & INTERNET BIDDING
Anyone not able to attend the Auction to make their own bidding so that the maximum authorised bid actually falls to the written bids may utilise the facilities available for telephone, bidder. internet or written bids on the following Terms and 8. SDL Auctions reserve the right not to bid on behalf of the Conditions. telephone/written/ internet Bidders in the event of any error, doubt, omission, uncertainty as to their bid, or for any reason whatsoever, and 1. The Bidder must complete a separate authority form for each Lot give no warranty, or guarantee, that a bid would be made on behalf of the involved, and provide a separate Banker’s Draft or Building Society Draft or Debit Card details (cleared funds) for 10% of the maximum amount of Bidder and accept no liability. the bid for each Lot subject to a minimum of £5,000 per Lot, plus the 9. In the event that the telephone/written bid is successful the Auctioneer buyers administration fee of £1074 inc VAT (unless otherwise stated in the will sign the Memorandum of Contract on behalf of the Bidder (a Contract Important Notices). having been formed on the fall of the hammer). 2. The form must be hand delivered, posted or emailed to the relevant 10. In the event of a Contract the deposit monies will be applied so far as auction office to arrive prior to the auction day. It is the Bidder’s necessary to meet the requirement for a 10% deposit subject to a responsibility to check that the form is received by SDL Auctions and this minimum of £5,000 per Lot, plus the buyers administration fee of £1074 can be done by telephoning the office. inc VAT (unless specified differently on the Important Notices clause 6), 3. Due to money laundering obligations we require two forms of identity, one however if monies are received over 10%, this will result in the purchaser photo identification i.e passport or driving licence and one proof of paying a lesser sum on completion. address i.e bank statement or utility bill, no more than 3 months old. By 11. In the event that the Bidder is unsuccessful in gaining the Contract the signing this agreement you understand that we will undertake a search deposit monies shall be returned to the Bidder promptly. However, if paid with Experian for the purposes of verifying your identity. To do so by debit card or bank transfer, these monies may take up to 10 working Experian may check the details you supply against any particulars on any days to refund. database (public or otherwise) to which they have access. This system 12. Once delivered to the Auctioneers the authority to bid is binding on the allows us to verify you from basic details using electronic data, however it Bidder up to 8.00pm on the day on which the particular Lot is auctioned. is not a credit check of any kind so will have no effect on you or your credit history. They may also use your details in the future to assist other This is to allow for the possibility of a Vendor agreeing to sell post auction companies for verification purposes. A record of the search will be where the bidding has not reached the reserve. retained. 13. The authority can only be withdrawn by notification in writing delivered to 4. The Bidder shall be deemed to have read the ‘Notice to all Bidders’, the the auction office by 4pm the day before the Auction or into the hands of particulars of the relevant Lot in the Catalogue and the General and the Auctioneer in the Auction Room half an hour before the start of that Special Conditions of Sale. The Bidder shall be deemed to have taken all day’s auction. It is the Bidder’s responsibility to obtain a receipt on a copy necessary professional and legal advice and to have made enquiries and of the withdrawal notification signed by one of the Auctioneers and have knowledge of any announcements to be made from the rostrum without such a receipt the authority stands and any successful Contract is and any of the addendum relating to the relevant Lot. The addendum binding on the Bidder. can, and should, be checked by visiting our website www.sdlauctions.co.uk 14. If the Bidder, or an agent, actually bids at the Auction without having or at the Auction prior to bidding. previously withdrawn the authority, the Auctioneer is at liberty to accept 5. In the case of telephone bids, at about the time the Lot comes up for such bid in addition to any bid from SDL Auctions staff as empowered auction, attempts will be made to contact the Bidder by telephone and, if under the telephone/written/internet authority. successful, the Bidder may then compete in the bidding up to the SDL Auctions would have no liability whatsoever if the price achieved is maximum of the amount authorised in the completed authority form. the result only of this competition in bidding without intervention from The Bidder accepts that such contact is at the Bidder’s risk and in the other bidders. event that the telephone link is not established, or breaks down, or there is 15. The receipt of a telephone, written or internet bid shall not in any way any confusion or disruption, then the Bidder will not be able to participate hinder the right of the Vendor to withdraw any Lot or to sell prior to in the Auction. auction to a third party and neither the Vendor nor SDL Auctions shall be 6. In the case of internet bidding, all bidders who have registered can commence bidding when the intended Lot is being offered, however SDL under any liability to the telephone or written Bidder in the event that the Auctions do not take any liability or responsibility should there be any Lot is not offered at the Auction. interruption or suspension of internet services. 16. The auctioneer may disclose to the Vendor the existence of these 7. In the case of written bids, SDL Auctions staff will compete in the bidding instructions but not the amount of the maximum bid. up to the maximum of the authorisation. If no maximum is inserted, SDL NOTE: Visit our website www.sdlauctions.co.uk to print further Auctions will not bid. SDL Auctions do not guarantee to regulate the copies of the Authority Form.
I hereby confirm that I have read the General, Additional and Special Conditions of Sale. I accept that it is my Signature of prospective purchaser responsibility to check for any amendments which may be read by the Auctioneers on the Auction Day. I authorise the Auctioneers to sign the contract on my behalf and, recognise that I will then be the fully bound purchaser of the property referred to above and must complete this transaction within the time specified in the Conditions of Sale. IMPORTANT NOTICE TO ALL TELEPHONE BIDDERS: A member of staff will attempt to contact the bidder by telephone prior to the lot concerned being offered for sale. If contact is made then the bidder may compete in the bidding through the Auctioneer’s staff. The Auctioneer will Date of Signature not be held responsible for instructions or authorisations given to them which are unclear or incomplete and these bids will not be accepted. If it is impossible to obtain telephone contact or the link breaks down, the auctioneer is authorised to continue to bid on behalf of the telephone bidder up to the maximum bid stated on this form. Once you have completed this form please send it to SDL Auctions together with your draft for the 10% deposit and buyers administration fee and also your identification documents in accordance with the money laundering legislation detailed in this catalogue. SDL Auctions may send you details of future auctions. Please tick here if you do not wish to receive further communication from us. (Please note, your details will not be shared with any third party, but may be shared within the SDL Group).
34 | *Please see Important Notices for definition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees Common Auction Conditions (Edition 3 August 2009) Reproduced with the consent of the RICS
(Covenants) Act 1995. SELLER. GLOSSARY PARTICULARS A3.6 Where a guide price (or range of prices) is given that This glossary applies to the AUCTION CONDUCT The section of the CATALOGUE that contains descriptions of guide is the minimum price at which, or range of CONDITIONS and the SALE CONDITIONS. each LOT (as varied by any ADDENDUM). prices within which, the SELLER might be prepared Wherever it makes sense: PRACTITIONER to sell at the date of the guide price. But guide prices • singular words can be read as plurals, and plurals as singular An insolvency practitioner for the purposes of the Insolvency may change. The last published guide price will words; Act 1986 (or, in relation to jurisdictions outside the United normally be at or above any reserve price, but not • a ‘person’ includes a corporate body; Kingdom, any similar official). always – as the SELLER may fix the final reserve • words of one gender include the other genders; PRICE price just before bidding commences. • references to legislation are to that legislation as it may have The price that the BUYER agrees to pay for the LOT. A4 THE PARTICULARS AND OTHER INFORMATION been modified or re-enacted by the date of the AUCTION or READY TO COMPLETE the CONTRACT DATE (as applicable); and A4.1 WE have taken reasonable care to prepare Ready, willing and able to complete: if COMPLETION would PARTICULARS that correctly describe each LOT. The • where the following words printed in blue capitals appear in enable the SELLER to discharge all FINANCIAL CHARGES PARTICULARS are based on information supplied by black capitals they have the specified meanings. secured on the LOT that have to be discharged by ACTUAL COMPLETION DATE COMPLETION, then those outstanding financial charges do or on behalf ofthe SELLER. YOU need to check that The date when COMPLETION takes place or is treated as not prevent the SELLER from being READY TO COMPLETE. the information in the PARTICULARS is correct. taking place for the purposes of apportionment and SALE CONDITIONS A4.2 If the SPECIAL CONDITIONS do not contain a calculating interest. The GENERAL CONDITIONS as varied by any SPECIAL description of the LOT, or simply refer to the relevant ADDENDUM CONDITIONS or ADDENDUM. LOT number, you take the risk that the description An amendment or addition to the CONDITIONS or to the SALE MEMORANDUM contained in the PARTICULARS is incomplete or PARTICULARS or to both whether contained in a supplement The form so headed (whether or not set out in the inaccurate, as the PARTICULARS have not been to the CATALOGUE, a written notice from the CATALOGUE) in which the terms of the CONTRACT for the prepared by a conveyancer and are not intended to AUCTIONEERS or an oral announcement at the AUCTION. sale of the LOT are recorded. form part of a legal contract. AGREED COMPLETION DATE SELLER A4.3 The PARTICULARS and the SALE CONDITIONS may Subject to CONDITION G9.3: The person selling the LOT. If two or more are jointly the change prior to the AUCTION and it is YOUR (a) the date specified in the SPECIAL CONDITIONS; or SELLER their obligations can be enforced against them jointly responsibility to check that YOU have the correct (b) if no date is specified, 20 BUSINESS DAYS after the or against each of them separately. versions. CONTRACT DATE; but if that date is not a BUSINESS DAY SPECIAL CONDITIONS A4.4 If WE provide information, or a copy of a document, the first subsequent BUSINESS DAY. Those of the SALE CONDITIONS so headed that relate to the provided by others WE do so only on the basis that APPROVED FINANCIAL INSTITUTION LOT. WE are not responsible for the accuracy of that Any bank or building society that has signed up to the TENANCIES information or document. Banking Code or Business Banking Code or is otherwise Tenancies, leases, licences to occupy and agreements for A5 THE CONTRACT acceptable to the AUCTIONEERS. lease and any documents varying or supplemental to them. A5.1 A successful bid is one WE accept as such (normally ARREARS TENANCY SCHEDULE on the fall of the hammer). Arrears of rent and other sums due under the TENANCIES The tenancy schedule (if any) forming part of the SPECIAL and still outstanding on the ACTUAL COMPLETION DATE. CONDITIONS. This CONDITION A5 applies to YOU if YOU make the ARREARS SCHEDULE TRANSFER successful bid for a LOT. The arrears schedule (if any) forming part of the SPECIAL Transfer includes a conveyance or assignment (and ‘to A5.2 YOU are obliged to buy the LOT on the terms of the CONDITIONS. transfer’ includes ‘to convey’ or ‘to assign’). SALE MEMORANDUM at the PRICE YOU bid plus AUCTION TUPE VAT (if applicable). The auction advertised in the CATALOGUE. The Transfer of Undertakings (Protection of Employment) A5.3 YOU must before leaving the AUCTION: AUCTION CONDUCT CONDITIONS Regulations 2006. (a) provide all information WE reasonably need from The conditions so headed, including any extra auction VAT YOU to enable us to complete the SALE conduct conditions. Value Added Tax or other tax of a similar nature. MEMORANDUM (including proof of your identity if AUCTIONEERS VAT OPTION required by US); The auctioneers at the AUCTION. An option to tax. (b) sign the completed SALE MEMORANDUM; and BUSINESS DAY WE (AND US AND OUR) (c) pay the deposit. Any day except (a) a Saturday or a Sunday; (b) a bank The AUCTIONEERS. A5.4 If YOU do not WE may either: holiday in England and Wales; or (c) Good Friday or YOU (AND YOUR) Christmas Day. (a) as agent for the SELLER treat that failure as Someone who has a copy of the CATALOGUE or who YOUR repudiation of the CONTRACT and offer the BUYER attends or bids at the AUCTION, whether or not a BUYER. The person who agrees to buy the LOT or, if applicable, that LOT for sale again: the SELLER may then have a person’s personal representatives: if two or more are jointly claim against YOU for breach of contract; or the BUYER their obligations can be enforced against them Auction Conduct Conditions (b) sign the SALE MEMORANDUM on YOUR behalf. jointly or against each of them separately. A1 INTRODUCTION A5.5 The deposit: CATALOGUE A1.1 Words in CAPITALS have special meanings, which (a) is to be held as stakeholder where VAT would be The catalogue to which the CONDITIONS refer including any are defined in the Glossary. chargeable on the deposit were it to be held as agent supplement to it. A1.2 The CATALOGUE is issued only on the basis that for the SELLER, but otherwise is to be held as stated COMPLETION YOU accept these AUCTION CONDUCT in the SALE CONDITIONS; and Unless otherwise agreed between SELLER and BUYER (or CONDITIONS. They govern OUR relationship with (b) must be paid in pounds sterling by cheque or by their conveyancers) the occasion when both SELLER and YOU and cannot be disapplied or varied by the SALE bankers’ draft made payable to US on an BUYER have complied with their obligations under the CONDITIONS (even by a CONDITION purporting to APPROVED FINANCIAL INSTITUTION. The extra CONTRACT and the balance of the PRICE is unconditionally replace the whole of the Common Auction auction conduct conditions may state if WE accept received in the SELLER’S conveyancer’s client account. Conditions). They can be varied only if WE agree. any other form of payment. CONDITION A2 OUR ROLE One of the AUCTION CONDUCT CONDITIONS or SALE A2.1 As agents for each SELLER we have authority to: A5.6 WE may retain the SALE MEMORANDUM signed by CONDITIONS. (a) prepare the CATALOGUE from information or on behalf of the SELLER until the deposit has been CONTRACT supplied by or on behalf of each SELLER; received in cleared funds. The contract by which the SELLER agrees to sell and the (b) offer each LOT for sale; A5.7 If the BUYER does not comply with its obligations BUYER agrees to buy the LOT. (c) sell each LOT; under the CONTRACT then: CONTRACT DATE (d) receive and hold deposits; (a) YOU are personally liable to buy the LOT even if The date of the AUCTION or, if the LOT is not sold at the (e) sign each SALE MEMORANDUM; and YOU are acting as an agent; and AUCTION: (f) treat a CONTRACT as repudiated if the BUYER (b) YOU must indemnify the SELLER in respect of (a) the date of the SALE MEMORANDUM signed by both the fails to sign a SALE MEMORANDUM or pay a deposit any loss the SELLER incurs as a result of the SELLER and BUYER; or as required by these AUCTION CONDUCT BUYER’S default. (b) if contracts are exchanged, the date of exchange. If CONDITIONS. A5.8 Where the BUYER is a company YOU warrant that exchange is not effected in person or by an irrevocable A2.2 OUR decision on the conduct of the AUCTION is the BUYER is properly constituted and able to buy agreement to exchange made by telephone, fax or electronic final. the LOT. mail the date of exchange is the date on which both parts A2.3 WE may cancel the AUCTION, or alter the order in A6 EXTRA AUCTION CONDUCT CONDITIONS have been signed and posted or otherwise placed beyond which LOTS are offered for sale. A6.1 Despite any CONDITION to the contrary: normal retrieval. WE may also combine or divide LOTS. A LOT may DOCUMENTS be sold or withdrawn from sale prior to the (a) The minimum deposit WE accept is £5,000 (or Documents of title (including, if title is registered, the entries AUCTION. the total PRICE, if less). A SPECIAL CONDITION may, on the register and the title plan) and other documents listed A2.4 YOU acknowledge that to the extent permitted by however, require a higher minimum deposit or referred to in the SPECIAL CONDITIONS relating to the law WE owe YOU no duty of care and YOU have no (b) WE do not accept cash for all or any part of the LOT. claim against US for any loss. deposit FINANCIAL CHARGE A3 BIDDING AND RESERVE PRICES (c) Sub-clause (a) of AUCTION CONDUCT A charge to secure a loan or other financial indebtedness (not A3.1 All bids are to be made in pounds sterling exclusive CONDITION A5.5 shall be deemed to be deleted and including a rentcharge). of any applicable VAT. shall be replaced with the following: GENERAL CONDITIONS A3.2 WE may refuse to accept a bid. WE do not have to “(a) is to be held as agent for the SELLER unless That part of the SALE CONDITIONS so headed, including any explain why. expressly stated otherwise in the SPECIAL extra general conditions. A3.3 If there is a dispute over bidding WE are entitled to CONDITIONS Provided That where VAT would be INTEREST RATE resolve it, and OUR decision is final. chargeable on the deposit were it to be held as agent If not specified in the SPECIAL CONDITIONS, 4% above the A3.4 Unless stated otherwise each LOT is subject to a for the SELLER, the deposit will be held as stake base rate from time to time of Barclays Bank plc. (The reserve price (which may be fixed just before the holder despite any contrary provision in any INTEREST RATE will also apply to judgment debts, if LOT is offered for sale). If no bid equals or exceeds CONDITION; and” applicable.) that reserve price the LOT will be withdrawn from LOT the AUCTION. (d) where the deposit is paid to US to be held as stakeholder, WE may if WE choose transfer all or part Each separate property described in the CATALOGUE or (as A3.5 Where there is a reserve price the SELLER may bid the case may be) the property that the SELLER has agreed (or ask US or another agent to bid on the SELLER’S of it to the SELLER’S conveyancer for them to hold to sell and the BUYER to buy (including CHATTELS, if any). behalf) up to the reserve price but may not make a as stakeholder in OUR place. Any part of the deposit OLD ARREARS bid equal to or exceeding the reserve price. YOU not so transferred will be held by US as stakeholder. ARREARS due under any of the TENANCIES that are not accept that it is possible that all bids up to the A6.2 WE may refuse admittance to any person attending ‘new tenancies’ as defined by the Landlord and Tenant reserve price are bids made by or on behalf of the the AUCTION. WE do not have to explain why.
*Please see Important Notices for definition of guide price Next Auction: 23rd July 2018 | 35 and auction fees Common Auction Conditions of Sale premium, use reasonable endeavours to increase the to the LOT (or a TENANCY) following COMPLETION sum insured or make other changes to the policy; the BUYER is specifically to covenant in the (Edition Three August 2009 (d) at the request of the BUYER use reasonable TRANSFER to indemnify the SELLER against that Reproduced with the Consent of the endeavours to have the BUYER’S interest noted on liability. RICS) the policy if it does not cover a contracting G5.3 The SELLER cannot be required to TRANSFER the purchaser; LOT to anyone other than the BUYER, or by more Words in CAPITALS have special meanings, which are (e) unless otherwise agreed, cancel the insurance at than one TRANSFER. defined in the Glossary. COMPLETION, apply for a refund of premium and G6. COMPLETION The GENERAL CONDITIONS (including any extra general (subject to the rights of any tenant or other third conditions) apply to the CONTRACT except to the extent G6.1 COMPLETION is to take place at the offices of the party) pay that refund to the BUYER; and SELLER’S conveyancer, or where the SELLER may that they are varied by SPECIAL CONDITIONS or by an (f) (subject to the rights of any tenant or other third ADDENDUM. reasonably require, on the AGREED COMPLETION party) hold on trust for the BUYER any insurance DATE. The SELLER can only be required to complete G1. THE LOT payments that the SELLER receives in respect of loss on a BUSINESS DAY and between the hours of 0930 G1.1 The LOT (including any rights to be granted or or damage arising after the CONTRACT DATE or and 1700. reserved, and any exclusions from it) is described in assign to the BUYER the benefit of any claim; and the G6.2 The amount payable on COMPLETION is the balance the SPECIAL CONDITIONS, or if not so described the BUYER must on COMPLETION reimburse to the of the PRICE adjusted to take account of LOT is that referred to in the SALE MEMORANDUM. SELLER the cost of that insurance (to the extent not apportionments plus (if applicable) VAT and interest. already paid by the BUYER or a tenant or other third G1.2 The LOT is sold subject to any TENANCIES disclosed G6.3 Payment is to be made in pounds sterling and only party) for the period from and including the by the SPECIAL CONDITIONS, but otherwise with by: CONTRACT DATE to COMPLETION. vacant possession on COMPLETION. (a) direct transfer to the SELLER’S conveyancer’s G3.2 No damage to or destruction of the LOT nor any G1.3 The LOT is sold subject to all matters contained or client account; and deterioration in its condition, however caused, entitles referred to in the DOCUMENTS, but excluding any (b) the release of any deposit held by a stakeholder. FINANCIAL CHARGES: these the SELLER must the BUYER to any reduction in PRICE, or to delay G6.4 Unless the SELLER and the BUYER otherwise agree, discharge on or before COMPLETION. COMPLETION, or to refuse to complete. COMPLETION cannot take place until both have G1.4 The LOT is also sold subject to such of the following G3.3 Section 47 of the Law of Property Act 1925 does not apply. complied with their obligations under the as may affect it, whether they arise before or after CONTRACT and the balance of the PRICE is G3.4 Unless the BUYER is already lawfully in occupation of the CONTRACT DATE and whether or not they are unconditionally received in the SELLER’S the LOT the BUYER has no right to enter into disclosed by the SELLER or are apparent from conveyancer’s client account. inspection of the LOT or from the DOCUMENTS: occupation prior to COMPLETION. G6.5 If COMPLETION takes place after 1400 hours for a (a) matters registered or capable of registration as G4. TITLE AND IDENTITY reason other than the SELLER’S default it is to be local land charges; G4.1 Unless CONDITION G4.2 applies, the BUYER accepts treated, for the purposes of apportionment and (b) matters registered or capable of registration by the title of the SELLER to the LOT as at the calculating interest, as if it had taken place on the any competent authority or under the provisions of CONTRACT DATE and may raise no requisition or next BUSINESS DAY. any statute; objection except in relation to any matter that occurs G6.6 Where applicable the CONTRACT remains in force (c) notices, orders, demands, proposals and after the CONTRACT DATE. following COMPLETION. requirements of any competent authority; G4.2 If any of the DOCUMENTS is not made available G7. NOTICE TO COMPLETE (d) charges, notices, orders, restrictions, agreements before the AUCTION the following provisions apply: G7.1 The SELLER or the BUYER may on or after the and other matters relating to town and country (a) The BUYER may raise no requisition on or AGREED COMPLETION DATE but before planning, highways or public health; objection to any of the DOCUMENTS that is made COMPLETION give the other notice to complete (e) rights, easements, quasi-easements, and available before the AUCTION. within ten BUSINESS DAYS (excluding the date on wayleaves; (b) If the LOT is registered land the SELLER is to give (f) outgoings and other liabilities; which the notice is given) making time of the to the BUYER within five BUSINESS DAYS of the essence. (g) any interest which overrides, within the meaning CONTRACT DATE an official copy of the entries on G7.2 The person giving the notice must be READY TO of the Land Registration Act 2002; the register and title plan and, where noted on the COMPLETE. (h) matters that ought to be disclosed by the register, of all documents subject to which the LOT is G7.3 If the BUYER fails to comply with a notice to searches and enquiries a prudent buyer would make, being sold. complete the SELLER may, without affecting any whether or not the BUYER has made them; and (i) (c) If the LOT is not registered land the SELLER is to other remedy the SELLER has: anything the SELLER does not and could not give to the BUYER within five BUSINESS DAYS an reasonably know about. abstract or epitome of title starting from the root of (a) terminate the CONTRACT; G1.5 Where anything subject to which the LOT is sold title mentioned in the SPECIAL CONDITIONS (or, if (b) claim the deposit and any interest on it if held by would expose the SELLER to liability the BUYER is to none is mentioned, a good root of title more than a stakeholder; comply with it and indemnify the SELLER against fifteen years old) and must produce to the BUYER (c) forfeit the deposit and any interest on it; that liability. the original or an examined copy of every relevant (d) resell the LOT; and G1.6 The SELLER must notify the BUYER of any DOCUMENT. (e) claim damages from the BUYER. notices, orders, demands, proposals and (d) If title is in the course of registration, title is to G7.4 If the SELLER fails to comply with a notice to requirements of any competent authority of which it consist of certified copies of: complete the BUYER may, without affecting any learns after the CONTRACT DATE but the BUYER (i) the application for registration of title made to the other remedy the BUYER has: must comply with them and keep the SELLER land registry; (a) terminate the CONTRACT; and indemnified. (ii) the DOCUMENTS accompanying that application; (b) recover the deposit and any interest on it from G1.7 The LOT does not include any tenant’s or trade (iii) evidence that all applicable stamp duty land tax the SELLER or, if applicable, a stakeholder. fixtures or fittings. relating to that application has been paid; and G8. IF THE CONTRACT IS BROUGHT TO AN END G1.8 Where chattels are included in the LOT the BUYER (iv) a letter under which the SELLER or its If the CONTRACT is lawfully brought to an end: takes them as they are at COMPLETION and the conveyancer agrees to use all reasonable endeavours (a) the BUYER must return all papers to the SELLER SELLER is not liable if they are not fit for use. to answer any requisitions raised by the land registry and appoints the SELLER its agent to cancel any G1.9 The BUYER buys with full knowledge of: and to instruct the land registry to send the registration of the CONTRACT; and completed registration documents to the BUYER. (a) the DOCUMENTS, whether or not the BUYER has (b) the SELLER must return the deposit and any read them; and (e) The BUYER has no right to object to or make interest on it to the BUYER (and the BUYER may (b) the physical condition of the LOT and what could requisitions on any title information more than seven claim it from the stakeholder, if applicable) unless the reasonably be discovered on inspection of it, whether BUSINESS DAYS after that information has been SELLER is entitled to forfeit the deposit under or not the BUYER has inspected it. given to the BUYER. CONDITION G7.3. G1.10 The BUYER is not to rely on the information G4.3 Unless otherwise stated in the SPECIAL CONDITIONS contained in the PARTICULARS but may rely on the the SELLER sells with full title guarantee except that G9. LANDLORD’S LICENCE SELLER’S conveyancer’s written replies to (and the TRANSFER shall so provide): G9.1 Where the LOT is or includes leasehold land and preliminary enquiries to the extent stated in those (a) the covenant set out in section 3 of the Law of licence to assign is required this CONDITION G9 replies. Property (Miscellaneous Provisions) Act 1994 shall applies. not extend to matters recorded in registers open to G9.2 The CONTRACT is conditional on that licence being G2. DEPOSIT public inspection; these are to be treated as within obtained, by way of formal licence if that is what the G2.1 The amount of the deposit is the greater of: the actual knowledge of the BUYER; and landlord lawfully requires. (a) any minimum deposit stated in the AUCTION (b) the covenant set out in section 4 of the Law of G9.3 The AGREED COMPLETION DATE is not to be earlier CONDUCT CONDITIONS (or the total PRICE, if this is Property (Miscellaneous Provisions) Act 1994 shall than the date five BUSINESS DAYS after the SELLER less than that minimum); and not extend to any condition or tenant’s obligation has given notice to the BUYER that licence has been (b) 10% of the PRICE (exclusive of any VAT on the relating to the state or condition of the LOT where obtained. PRICE). the LOT is leasehold property. G9.4 The SELLER must: G2.2 The deposit G4.4 The TRANSFER is to have effect as if expressly (a) use all reasonable endeavours to obtain the (a) must be paid in pounds sterling by cheque or subject to all matters subject to which the LOT is sold licence at the SELLER’S expense; and banker’s draft drawn on an APPROVED FINANCIAL under the CONTRACT. (b) enter into any authorised guarantee agreement INSTITUTION (or by any other means of payment G4.5 The SELLER does not have to produce, nor may the properly required. that the AUCTIONEERS may accept); and BUYER object to or make a requisition in relation to, G9.5 The BUYER must: (b) is to be held as stakeholder unless the AUCTION any prior or superior title even if it is referred to in the (a) promptly provide references and other relevant CONDUCT CONDITIONS provide that it is to be held DOCUMENTS. information; and as agent for the SELLER. G4.6 The SELLER (and, if relevant, the BUYER) must (b) comply with the landlord’s lawful requirements. G2.3 Where the AUCTIONEERS hold the deposit as produce to each other such confirmation of, or G9.6 If within three months of the CONTRACT DATE (or stakeholder they are authorised to release it (and evidence of, their identity and that of their such longer period as the SELLER and BUYER agree) interest on it if applicable) to the SELLER on mortgagees and attorneys (if any) as is necessary for the licence has not been obtained the SELLER or the COMPLETION or, if COMPLETION does not take the other to be able to comply with applicable Land BUYER may (if not then in breach of any obligation place, to the person entitled to it under the SALE Registry Rules when making application for under this CONDITION G9) by notice to the other CONDITIONS. registration of the transaction to which the terminate the CONTRACT at any time before licence G2.4 If a cheque for all or part of the deposit is not cleared CONDITIONS apply. is obtained. That termination is without prejudice to on first presentation the SELLER may treat the G5. TRANSFER the claims of either SELLER or BUYER for breach of CONTRACT as at an end and bring a claim against this CONDITION G9. the BUYER for breach of contract. G5.1 Unless a form of TRANSFER is prescribed by the G2.5 Interest earned on the deposit belongs to the SPECIAL CONDITIONS: G10. INTEREST AND APPORTIONMENTS SELLER unless the SALE CONDITIONS provide (a) the BUYER must supply a draft TRANSFER to the G10.1 If the ACTUAL COMPLETION DATE is after the otherwise. SELLER at least ten BUSINESS DAYS before the AGREED COMPLETION DATE for any reason other AGREED COMPLETION DATE and the engrossment than the SELLER’S default the BUYER must pay G3. BETWEEN CONTRACT AND COMPLETION (signed as a deed by the BUYER if CONDITION G5.2 interest at the INTEREST RATE on the PRICE (less G3.1 Unless the SPECIAL CONDITIONS state otherwise, applies) five BUSINESS DAYS before that date or (if any deposit paid) from the AGREED COMPLETION the SELLER is to insure the LOT from and including later) two BUSINESS DAYS after the draft has been DATE up to and including the ACTUAL the CONTRACT DATE to COMPLETION and: approved by the SELLER; and COMPLETION DATE. (a) produce to the BUYER on request all relevant (b) the SELLER must approve or revise the draft G10.2 Subject to CONDITION G11 the SELLER is not obliged insurance details; TRANSFER within five BUSINESS DAYS of receiving to apportion or account for any sum at (b) pay the premiums when due; it from the BUYER. COMPLETION unless the SELLER has received that (c) if the BUYER so requests, and pays any additional G5.2 If the SELLER remains liable in any respect in relation sum in cleared funds. The SELLER must pay to the
36 | *Please see Important Notices for definition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees BUYER after COMPLETION any sum to which the intends; and purposes of their respective capital allowance BUYER is entitled that the SELLER subsequently (c) the BUYER is to indemnify the SELLER against all computations. receives in cleared funds. loss or liability the SELLER incurs through acting as G17. MAINTENANCE AGREEMENTS G10.3 Income and outgoings are to be apportioned at the BUYER requires, or by reason of delay caused by G17.1 The SELLER agrees to use reasonable endeavours to ACTUAL COMPLETION DATE unless: the BUYER. transfer to the BUYER, at the BUYER’S cost, the (a) the BUYER is liable to pay interest; and G13. RENT DEPOSITS benefit of the maintenance agreements specified in (b) the SELLER has given notice to the BUYER at G13.1 This CONDITION G13 applies where the SELLER is the SPECIAL CONDITIONS. any time up to COMPLETION requiring holding or otherwise entitled to money by way of G17.2 The BUYER must assume, and indemnify the SELLER apportionment on the date from which interest rent deposit in respect of a TENANCY. In this in respect of, all liability under such contracts from becomes payable by the BUYER; in which event CONDITION G13 ‘rent deposit deed’ means the deed the ACTUAL COMPLETION DATE. income and outgoings are to be apportioned on the or other document under which the rent deposit is G18. LANDLORD AND TENANT ACT 1987 date from which interest becomes payable by the held. G18.1 This CONDITION G18 applies where the sale is a BUYER. G13.2 If the rent deposit is not assignable the SELLER must G10.4 Apportionments are to be calculated on the basis relevant disposal for the purposes of part I of the on COMPLETION hold the rent deposit on trust for Landlord and Tenant Act 1987. that: the BUYER and, subject to the terms of the rent G18.2 The SELLER warrants that the SELLER has complied (a) the SELLER receives income and is liable for deposit deed, comply at the cost of the BUYER with with sections 5B and 7 of that Act and that the outgoings for the whole of the day on which the BUYER’S lawful instructions. apportionment is to be made; requisite majority of qualifying tenants has not G13.3 Otherwise the SELLER must on COMPLETION pay accepted the offer. (b) annual income and expenditure accrues at an and assign its interest in the rent deposit to the equal daily rate assuming 365 days in a year, and BUYER under an assignment in which the BUYER G19. SALE BY PRACTITIONER income and expenditure relating to some other covenants with the SELLER to: G19.1 This CONDITION G19 applies where the sale is by a period accrues at an equal daily rate during the (a) observe and perform the SELLER’S covenants PRACTITIONER either as SELLER or as agent of the period to which it relates; and and conditions in the rent deposit deed and SELLER. (c) where the amount to be apportioned is not indemnify the SELLER in respect of any breach; G19.2 The PRACTITIONER has been duly appointed and is known at COMPLETION apportionment is to be (b) give notice of assignment to the tenant; and empowered to sell the LOT. made by reference to a reasonable estimate and (c) give such direct covenant to the tenant as may be G19.3 Neither the PRACTITIONER nor the firm or any further payment is to be made by SELLER or BUYER required by the rent deposit deed. member of the firm to which the PRACTITIONER as appropriate within five BUSINESS DAYS of the belongs has any personal liability in connection with date when the amount is known. G14. VAT the sale or the performance of the SELLER’S G14.1 Where a SALE CONDITION requires money to be obligations. The TRANSFER is to include a G11. ARREARS paid or other consideration to be given, the payer Part 1 Current rent declaration excluding that personal liability. must also pay any VAT that is chargeable on that G19.4 The LOT is sold: G11.1 ‘Current rent’ means, in respect of each of the money or consideration, but only if given a valid VAT (a) in its condition at COMPLETION; TENANCIES subject to which the LOT is sold, the invoice. (b) for such title as the SELLER may have; and instalment of rent and other sums payable by the G14.2 Where the SPECIAL CONDITIONS state that no VAT tenant in advance on the most recent rent payment OPTION has been made the SELLER confirms that (c) with no title guarantee; and the BUYER has no date on or within four months preceding none has been made by it or by any company in the right to terminate the contract or any other remedy if COMPLETION. same VAT group nor will be prior to COMPLETION. information provided about the LOT is inaccurate, G11.2 If on COMPLETION there are any ARREARS of incomplete or missing. current rent the BUYER must pay them, whether or G15. TRANSFER AS A GOING CONCERN G19.5 Where relevant: not details of those ARREARS are given in the G15.1 Where the SPECIAL CONDITIONS so state: (a) the DOCUMENTS must include certified copies of SPECIAL CONDITIONS. (a) the SELLER and the BUYER intend, and will take those under which the PRACTITIONER is appointed, G11.3 Parts 2 and 3 of this CONDITION G11 do not apply to all practicable steps (short of an appeal) to procure, the document of appointment and the ARREARS of current rent. that the sale is treated as a transfer of a going PRACTITIONER’S acceptance of appointment; and Part 2 BUYER to pay for ARREARS concern; and (b) the SELLER may require the TRANSFER to be by G11.4 Part 2 of this CONDITION G11 applies where the (b) this CONDITION G15 applies. the lender exercising its power of sale under the Law SPECIAL CONDITIONS give details of ARREARS. G15.2 The SELLER confirms that the SELLER of Property Act 1925. G11.5 The BUYER is on COMPLETION to pay, in addition to (a) is registered for VAT, either in the SELLER’S name G19.6 The BUYER understands this CONDITION G19 and any other money then due, an amount equal to all or as a member of the same VAT group; and agrees that it is fair in the circumstances of a sale by ARREARS of which details are set out in the SPECIAL (b) has (unless the sale is a standard-rated supply) a PRACTITIONER. CONDITIONS. made in relation to the LOT a VAT OPTION that G20. TUPE G11.6 If those ARREARS are not old ARREARS the SELLER remains valid and will not be revoked before G20.1 If the SPECIAL CONDITIONS state ‘There are no is to assign to the BUYER all rights that the SELLER COMPLETION. employees to which TUPE applies’, this is a warranty has to recover those ARREARS. G15.3 The BUYER confirms that: by the SELLER to this effect. Part 3 BUYER not to pay for ARREARS (a) it is registered for VAT, either in the BUYER’S G20.2 If the SPECIAL CONDITIONS do not state ‘There are G11.7 Part 3 of this CONDITION G11 applies where the name or as a member of a VAT group; no employees to which TUPE applies’ the following SPECIAL CONDITIONS: (b) it has made, or will make before COMPLETION, a paragraphs apply: (a) so state; or VAT OPTION in relation to the LOT and will not (a) The SELLER must notify the BUYER of those (b) give no details of any ARREARS. revoke it before or within three months after employees whose contracts of employment will transfer to the BUYER on COMPLETION (the G11.8 While any ARREARS due to the SELLER remain COMPLETION; ‘Transferring Employees’). This notification must be unpaid the BUYER must: (c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and given to the BUYER not less than 14 days before (a) try to collect them in the ordinary course of COMPLETION. management but need not take legal proceedings or (d) it is not buying the LOT as a nominee for another (b) The BUYER confirms that it will comply with its forfeit the TENANCY; person. obligations under TUPE and any SPECIAL (b) pay them to the SELLER within five BUSINESS G15.4 The BUYER is to give to the SELLER as early as possible before the AGREED COMPLETION DATE CONDITIONS in respect of the Transferring DAYS of receipt in cleared funds (plus interest at the Employees. INTEREST RATE calculated on a daily basis for each evidence: (c) The BUYER and the SELLER acknowledge that subsequent day’s delay in payment); (a) of the BUYER’S VAT registration; (b) that the BUYER has made a VAT OPTION; and pursuant and subject to TUPE, the contracts of (c) on request, at the cost of the SELLER, assign to employment between the Transferring Employees the SELLER or as the SELLER may direct the right to (c) that the VAT OPTION has been notified in writing to HM Revenue and Customs; and if it does not and the SELLER will transfer to the BUYER on demand and sue for OLD ARREARS, such COMPLETION. assignment to be in such form as the SELLER’S produce the relevant evidence at least two (d) The BUYER is to keep the SELLER indemnified conveyancer may reasonably require; BUSINESS DAYS before the AGREED COMPLETION DATE, CONDITION G14.1 applies at COMPLETION. against all liability for the Transferring Employees (d) if reasonably required, allow the SELLER’S after COMPLETION. conveyancer to have on loan the counter part of any G15.5 The BUYER confirms that after COMPLETION the TENANCY against an undertaking to hold it to the BUYER intends to: G21. ENVIRONMENTAL BUYER’S order; (a) retain and manage the LOT for the BUYER’S own G21.1 This CONDITION G21 only applies where the (e) not without the consent of the SELLER release benefit as a continuing business as a going concern SPECIAL CONDITIONS so provide. any tenant or surety from liability to pay ARREARS subject to and with the benefit of the TENANCIES; G21.2 The SELLER has made available such reports as the or accept a surrender of or forfeit any TENANCY and SELLER has as to the environmental condition of the under which ARREARS are due; and (b) collect the rents payable under the TENANCIES LOT and has given the BUYER the opportunity to (f) if the BUYER disposes of the LOT prior to and charge VAT on them carry out investigations (whether or not the BUYER recovery of all ARREARS obtain from the BUYER’S G15.6 If, after COMPLETION, it is found that the sale of the has read those reports or carried out any successor in title a covenant in favour of the SELLER LOT is not a transfer of a going concern then: investigation) and the BUYER admits that the PRICE in similar form to part 3 of this CONDITION G11. (a) the SELLER’S conveyancer is to notify the takes into account the environmental condition of the G11.9 Where the SELLER has the right to recover BUYER’S conveyancer of that finding and provide a LOT. ARREARS it must not without the BUYER’S written VAT invoice in respect of the sale of the LOT; G21.3 The BUYER agrees to indemnify the SELLER in consent bring insolvency proceedings against a (b) the BUYER must within five BUSINESS DAYS of respect of all liability for or resulting from the tenant or seek the removal of goods from the LOT. receipt of the VAT invoice pay to the SELLER the environmental condition of the LOT. VAT due; and G12. MANAGEMENT G22. SERVICE CHARGE (c) if VAT is payable because the BUYER has not G12.1 This CONDITION G12 applies where the LOT is sold G22.1 This CONDITION G22 applies where the LOT is sold complied with this CONDITION G15, the BUYER must subject to TENANCIES that include service charge subject to TENANCIES. pay and indemnify the SELLER against all costs, G12.2 The SELLER is to manage the LOT in accordance provisions. interest, penalties or surcharges that the SELLER G22.2 No apportionment is to be made at COMPLETION in with its standard management policies pending incurs as a result. COMPLETION. respect of service charges. G12.3 The SELLER must consult the BUYER on all G16. CAPITAL ALLOWANCES G22.3 Within two months after COMPLETION the SELLER management issues that would affect the BUYER G16.1 This CONDITION G16 applies where the SPECIAL must provide to the BUYER a detailed service charge after COMPLETION (such as, but not limited to, an CONDITIONS state that there are capital allowances account for the service charge year current on application for licence; a rent review; a variation, available in respect of the LOT. COMPLETION showing: surrender, agreement to surrender or proposed G16.2 The SELLER is promptly to supply to the BUYER all (a) service charge expenditure attributable to each forfeiture of a TENANCY; or a new tenancy or information reasonably required by the BUYER in TENANCY; agreement to grant a new tenancy) and: connection with the BUYER’S claim for capital (b) payments on account of service charge received (a) the SELLER must comply with the BUYER’S allowances. from each tenant; reasonable requirements unless to do so would (but G16.3 The value to be attributed to those items on which (c) any amounts due from a tenant that have not for the indemnity in paragraph (c)) expose the capital allowances may be claimed is set out in the been received; SELLER to a liability that the SELLER would not SPECIAL CONDITIONS. (d) any service charge expenditure that is not otherwise have, in which case the SELLER may act G16.4 The SELLER and BUYER agree: attributable to any TENANCY and is for that reason reasonably in such a way as to avoid that liability; (a) to make an election on COMPLETION under irrecoverable. (b) if the SELLER gives the BUYER notice of the Section 198 of the Capital Allowances Act 2001 to G22.4 In respect of each TENANCY, if the service charge SELLER’S intended act and the BUYER does not give effect to this CONDITION G16; and account shows that: object within five BUSINESS DAYS giving reasons for (b) to submit the value specified in the SPECIAL (a) payments on account (whether received or still the objection the SELLER may act as the SELLER CONDITIONS to HM Revenue and Customs for the then due from a tenant) exceed attributable service
*Please see Important Notices for definition of guide price Next Auction: 23rd July 2018 | 37 and auction fees charge expenditure, the SELLER must pay to the G25.2 Where a warranty is assignable the SELLER must: their agreement to such authority) to release it to the BUYER an amount equal to the excess when it (a) on COMPLETION assign it to the BUYER and give person entitled to it under the SALE CONDITIONS provides the service charge account; notice of assignment to the person who gave the G2.4 If a cheque for all or part of the deposit is not cleared (b) attributable service charge expenditure exceeds warranty; and on first presentation the SELLER may treat the payments on account (whether those payments have (b) apply for (and the SELLER and the BUYER must CONTRACT as at an end and bring a claim against been received or are still then due), the BUYER must use all reasonable endeavours to obtain) any consent the BUYER for breach of contract” use all reasonable endeavours to recover the shortfall to assign that is required. If consent has not been from the tenant at the next service charge obtained by COMPLETION the warranty must be G30.2 LANDLORD AND TENANT ACT 1987 reconciliation date and pay the amount so recovered assigned within five BUSINESS DAYS after the The following provisions shall apply in addition to to the SELLER within five BUSINESS DAYS of receipt consent has been obtained. those set out in GENERAL CONDITION 18: in cleared funds; but in respect of payments on G25.3 If a warranty is not assignable the SELLER must after 18.3 Where the provisions of the Landlord and Tenant Act account that are still due from a tenant CONDITION COMPLETION: 1987 and/or the Housing Act 1996 (“the Acts”) apply G11 (ARREARS) applies. (a) hold the warranty on trust for the BUYER; and to the sale of the LOT and the qualifying tenants G22.5 In respect of service charge expenditure that is not (b) at the BUYER’S cost comply with such of the have served all relevant notices in accordance with attributable to any TENANCY the SELLER must pay lawful instructions of the BUYER in relation to the the Acts and have appointed a nominee with the the expenditure incurred in respect of the period warranty as do not place the SELLER in breach of its intention of acquiring the SELLER’S interest in the before ACTUAL COMPLETION DATE and the terms or expose the SELLER to any liability or LOT, the SELLER will inform the BUYER of this as BUYER must pay the expenditure incurred in respect penalty. soon as possible after the date of the CONTRACT of the period after ACTUAL COMPLETION DATE. and of whether the nominee elects to accept the G26. NO ASSIGNMENT Any necessary monetary adjustment is to be made terms of and take over the benefit and burden of the within five BUSINESS DAYS of the SELLER providing The BUYER must not assign, mortgage or otherwise CONTRACT and purchase the LOT. the service charge account to the BUYER. transfer or part with the whole or any part of the BUYER’S interest under this CONTRACT. 18.4 If the nominee does elect to purchase the LOT in G22.6 If the SELLER holds any reserve or sinking fund on accordance with the Acts and pays a deposit to the account of future service charge expenditure or a G27. REGISTRATION AT THE LAND REGISTRY SELLER or the AUCTIONEERS in accordance with depreciation fund: G27.1 This CONDITION G27.1 applies where the LOT is the CONTRACT: (a) the SELLER must pay it (including any interest leasehold and its sale either triggers first registration (a) the SELLER will repay any deposit paid in earned on it) to the BUYER on COMPLETION; and or is a registrable disposition. The BUYER must at its accordance with the CONTRACT to the BUYER but (b) the BUYER must covenant with the SELLER to own expense and as soon as practicable: without any additional payment relating to interest hold it in accordance with the terms of the (a) procure that it becomes registered at Land (b) the CONTRACT shall have effect as if the TENANCIES and to indemnify the SELLER if it does Registry as proprietor of the LOT; nominee had entered into it and the agreement with not do so. (b) procure that all rights granted and reserved by the BUYER shall be null and void and of no further G23. RENT REVIEWS the lease under which the LOT is held are properly effect but without prejudice to the rights of the G23.1 This CONDITION G23 applies where the LOT is sold noted against the affected titles; and SELLER in respect of any previous breach by the subject to a TENANCY under which a rent review (c) provide the SELLER with an official copy of the BUYER register relating to such lease showing itself due on or before the ACTUAL COMPLETION DATE (c) the BUYER shall take all necessary steps to cancel registered as proprietor. has not been agreed or determined. any registrations at Land Registry or Land Charges G27.2 This CONDITION G27.2 applies where the LOT G23.2 The SELLER may continue negotiations or rent Registry entered in respect of the agreement for the comprises part of a registered title. The BUYER must review proceedings up to the ACTUAL sale of the LOT to the BUYER COMPLETION DATE but may not agree the level of at its own expense and as soon as practicable: (a) apply for registration of the TRANSFER; (d) completion of the sale of the LOT to the nominee the revised rent or commence rent review shall take place 22 BUSINESS DAYS after the day on proceedings without the written consent of the (b) provide the SELLER with an official copy and title plan for the BUYER’S new title; and which the nominee complies with the provisions of BUYER, such consent not to be unreasonably the Acts and takes over the CONTRACT withheld or delayed. (c) join in any representations the SELLER may (e) the nominee shall immediately pay to the G23.3 Following COMPLETION the BUYER must complete properly make to Land Registry relating to the AUCTIONEERS the buyer’s fee referred to in the rent review negotiations or proceedings as soon as application. Auctioneers’ Pre-Sale Announcements printed reasonably practicable but may not agree the level of G28. NOTICES AND OTHER COMMUNICATIONS the revised rent without the written consent of the towards the front of the CATALOGUE G28.1 All communications, including notices, must be in 18.5 If the nominee does not comply with the provisions SELLER, such consent not to be unreasonably writing. Communication to or by the SELLER or the withheld or delayed. of the Acts COMPLETION shall be 30 BUSINESS BUYER may be given to or by their conveyancers. DAYS after the date of the SALE MEMORANDUM or G23.4 The SELLER must promptly: G28.2 A communication may be relied on if: (a) give to the BUYER full details of all rent review (if earlier) a date (not earlier than 10 BUSINESS DAYS (a) delivered by hand; or after the date of the SALE MEMORANDUM) which is negotiations and proceedings, including copies of all (b) made electronically and personally acknowledged correspondence and other papers; and 10 BUSINESS DAYS after the SELLER notifies the (automatic acknowledgement does not count); or BUYER in writing that the nominee has served or is (b) use all reasonable endeavours to substitute the (c) there is proof that it was sent to the address of BUYER for the SELLER in any rent review deemed to have served notice of withdrawal under the person to whom it is to be given (as specified in the Acts. proceedings. the SALE MEMORANDUM) by a postal service that G23.5 The SELLER and the BUYER are to keep each other offers normally to deliver mail the next following G30.3 RELEASE OF SELLER FROM COVENANTS IN informed of the progress of the rent review and have BUSINESS DAY. LEASES regard to any proposals the other makes in relation G28.3 A communication is to be treated as received: With regard to the Landlord & Tenant (Covenants) to it. (a) when delivered, if delivered by hand; or Act 1995 (“the 1995 Act”): G23.6 When the rent review has been agreed or (b) when personally acknowledged, if made (a) the SELLER may within the period commencing determined the BUYER must account to the SELLER electronically; but if delivered or made after 1700 on the date of the SALE MEMORANDUM up to for any increased rent and interest recovered from hours on a BUSINESS DAY a communication is to be COMPLETION serve notice on any tenant of the LOT the tenant that relates to the SELLER’S period of treated as received on the next BUSINESS DAY. in accordance with the 1995 Act requesting a ownership within five BUSINESS DAYS of receipt of complete release of the SELLER from future liability cleared funds. G28.4 A communication sent by a postal service that offers normally to deliver mail the next following BUSINESS under the lessor covenants contained in any relevant G23.7 If a rent review is agreed or determined before DAY will be treated as received on the second TENANCIES COMPLETION but the increased rent and any interest BUSINESS DAY after it has been posted. recoverable from the tenant has not been received (b) If the SELLER serves any such notice the SELLER by COMPLETION the increased rent and any interest G29. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 shall use reasonable endeavours to obtain such a recoverable is to be treated as ARREARS. No one is intended to have any benefit under the release without being obliged to apply to the Court G23.8 The SELLER and the BUYER are to bear their own CONTRACT pursuant to the Contract (Rights of for a declaration and the BUYER agrees promptly to costs in relation to rent review negotiations and Third Parties) Act 1999. supply at the BUYER’S cost such information as the proceedings. SELLER reasonably requires to satisfy the tenant G30 EXTRA GENERAL CONDITIONS under any relevant TENANCY or the Court that it is G24. TENANCY RENEWALS G30.1 DEPOSIT reasonable to grant the release requested G24.1 This CONDITION G24 applies where the tenant under GENERAL CONDITION G2 shall be deemed to be (c) In the event of the SELLER failing to obtain any a TENANCY has the right to remain in occupation deleted in its entirety and shall be replaced by the such release from the said covenants by under part II of the Landlord and Tenant Act 1954 (as following: COMPLETION or not serving any such notice then, in amended) and references to notices and proceedings G2 DEPOSIT the TRANSFER, the BUYER shall covenant with the are to notices and proceedings under that Act. G2.1 The amount of the deposit is the greater of: SELLER: G24.2 Where practicable, without exposing the SELLER to (a) any minimum deposit stated in the AUCTION (i) to serve notice in writing on the SELLER on liability or penalty, the SELLER must not without the CONDUCT CONDITIONS (or the total PRICE if this is completion or within 5 BUSINESS DAYS after written consent of the BUYER (which the BUYER less than that minimum); and completion of the transfer of the LOT or any part of it must not unreasonably withhold or delay) serve or respond to any notice or begin or continue any (b) 10% of the PRICE (exclusive of any VAT on the by the BUYER to any transferee of the BUYER proceedings. PRICE) (ii) until such time (if ever) that the SELLER is G24.3 If the SELLER receives a notice the SELLER must G2.2 The deposit: released from the lessor’s covenants in any relevant send a copy to the BUYER within five BUSINESS (a) must be paid to the AUCTIONEERS in pounds TENANCY, the BUYER will obtain a covenant from its DAYS and act as the BUYER reasonably directs in sterling by cheque or banker’s draft drawn on an transferee in favour of the SELLER in identical form relation to it. APPROVED FINANCIAL INSTITUTION (or by any (mutatis mutandis) to this clause and the parties will G24.4 Following COMPLETION the BUYER must: other means that the AUCTIONEERS may accept) apply to the Chief Land Registrar to enter in the and (a) with the co-operation of the SELLER take Proprietorship Register of the title to the property immediate steps to substitute itself as a party to any (b) is to be held as agent for the SELLER unless the transferred a restriction preventing the registration of proceedings; SPECIAL CONDITIONS expressly state otherwise any further transfer of the property except under an Provided That where VAT would be chargeable on (b) use all reasonable endeavours to conclude any Order of the Registrar unless the application is the deposit were it to be held as agent for the proceedings or negotiations for the renewal of the accompanied by a certificate by the solicitors of the SELLER, the deposit will be held as stakeholder TENANCY and the determination of any interim rent registered proprietor stating either that the provisions despite any contrary provision in any CONDITION as soon as reasonably practicable at the best rent or of this clause have been performed or that the rents reasonably obtainable; and G2.3 Where the AUCTIONEERS hold the deposit as SELLER has been fully released from future liability stakeholder, then: (c) if any increased rent is recovered from the tenant under the covenants contained in any relevant (whether as interim rent or under the renewed (a) they are entitled with the consent and irrevocable TENANCY authority of the BUYER (which the BUYER hereby TENANCY) account to the SELLER for the part of G30.4 BUYER’S FEE that increase that relates to the SELLER’S period of acknowledges and grants) to release such deposit to the SELLER’S solicitors upon receipt by the The BUYER and, where applicable, the nominee ownership of the LOT within five BUSINESS DAYS of appointed by qualifying tenants under the provisions receipt of cleared funds. AUCTIONEERS of written confirmation from the SELLER’S solicitors that COMPLETION has taken of the Landlord & Tenant Act 1987 (as amended by G24.5 The SELLER and the BUYER are to bear their own place and, for the avoidance of doubt, upon the the Housing Act 1996) shall be jointly and separately costs in relation to the renewal of the TENANCY and AUCTIONEERS releasing the deposit, their liability as liable to pay to the AUCTIONEERS the buyer’s fee any proceedings relating to this. stakeholder shall be discharged referred to in the Auctioneers’ Pre-Sale G25. WARRANTIES (b) if COMPLETION does not take place, the Announcements printed towards the front of the G25.1 Available warranties are listed in the SPECIAL AUCTIONEERS are authorised (and the SELLER and CATALOGUE. The buyer’s fee is payable in respect of CONDITIONS. the BUYER acknowledge and irrevocably confirm each LOT purchased.
38 | *Please see Important Notices for definition of guide price Closing date for next Auction: 2nd July 2018 - Entries Invited and auction fees SELL YOUR PROPERTY UNDER THE HAMMER WITH ONE OF THE UK’S LARGEST AUCTION NETWORKS
CHESHIRE & NORTH WEST AJ Bell Stadium, Manchester NORTH WALES Call 0161 774 7333 Chester Racecourse Call 01244 401 100 NOTTINGHAM Racecourse Call 0115 958 8702
LEICESTER King Power Stadium STOKE Call 0116 254 9654 bet365 Stadium Call 01782 481 232 DERBY Pride Park Stadium Call 01332 242 880 BIRMINGHAM Villa Park Call 0121 233 5046
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North West Cheshire & Wednesday 28th February North Wales Monday 26th March Tuesday 27th February Thursday 24th May Wednesday 25th April Monday 23rd July Wednesday 27th June Wednesday 12th September Tuesday 11th September Tuesday 30th October Wednesday 31st October Tuesday 11th December Thursday 13th December 0161 774 7333 01244 401 100
Birmingham Derby Thursday 15th February Thursday 22nd February Wednesday 28th March Wednesday 11th April Wednesday 23rd May Thursday 31st May Wednesday 18th July Thursday 26th July Thursday 6th September Thursday 13th September Thursday 18th October Thursday 1st November Wednesday 12th December Friday 14th December 0121 233 5046 01332 242 880
Leicester Nottingham Thursday 8th February Wednesday 31st January Tuesday 17th April Thursday 15th March Thursday 14th June Thursday 3rd May Thursday 9th August Tuesday 26th June Tuesday 9th October Tuesday 4th September Thursday 29th November Thursday 25th October Thursday 6th December 0116 254 9654 0115 958 8702