Property Auction Catalogue

PROPERTY AUCTION CATALOGUE

day one, LONDON THURSDAY 10 september 2015 at 2:00 pm Grosvenor House hotel, 86-90 Park Lane, London W1K 7TN

day two, birmingham TUESDAY 15 september 2015 at 11:00 am the legends lounge, birmingham city football club, st andrew’s stadium, birmingham b9 4nh

www.pennycuick.co.uk VENUE LOCATIONS

Heathrow Express

at Paddington Station Grosvenor House hotel birmingham city football club 3/4 mile 86-90 Park Lane. London W1K 7TN st andrew’s stadium, birmingham b9 4nh

E D Y LANE Y

G R W TE A A R W E

ROAD VENETIA R O N To M6 E A W D GARRISON LANE B O N D ST. ANDREW’S STREET S T

R E

E LANE Y T A45 TO DIGBETH HIGH STREET

R TE

A BIRMINGHAM CITY

ROAD TON FOOTBALL CLUB

L TI

W E E N S T A4540 GR

MEWS COVENTRY ROAD CATTELL ROAD O DS WO

B R O O K S T A45 SMALL HEA U P P E R Y

A COVENTR TO NEC M42 (J6)

THUR ROAD THUR R A M1, M45 & M40 R S T ROAD T C U L R O S S S T N O VE TE MIDDLEW Y ROAD

TH HIGHW R P P E R G R O S HERBE U RET S APRK

A4540 HIGHGA

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Grosvenor House Hotel is located in Birmingham City Football Club is located Central London’s elegant Mayfair district, on just outside the city centre and just off the world-famous Park Lane overlooking Hyde Park. A4540 Inner Circle ring road. This 5-star hotel was first opened in 1929. It was meticulously St Andrews Stadium has been the home of Birmingham restored to the highest standard before reopening as a JW City Football Club since 1906 and is a well-known Birmingham Marriott hotel in 2008, and retains many historic features. landmark. The Legends Lounge is a smart and comfortable venue and has been home to our auction saleroom since 2004. Directions The hotel is approximately Midway between Marble Arch Directions & Hyde Park Corner. The main entrance, however is on Park Birmingham City Football Club is located a mile and a Street (between upper Grosvenor Street and Mount Street) half from Birmingham city centre and is easily accessible from which runs parallel to Park Lane in a one way direction all major road routes and motorway networks. There is towards Oxford Street. ample free parking in the club’s car park right outside the main entrance. Nearest tube station: Marble Arch Nearest train stations: Birmingham New Street / Birmingham Moor Street www.marriott.co.uk www.bcfc.com

For more information on either auction date/venue, please contact us: T 0121 456 1700 | E [email protected] www.pennycuick.co.uk www.networkauctions.co.uk

introducing THE AUCTION TEAM

Toby Limbrick Stuart Tullah Guy Charrison Stuart Elliott Emma Brooks [email protected] [email protected] [email protected] [email protected] [email protected]

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

PRE-AUCTIONFREE JOIN US BEFORE THE AUCTION! SEMINAR

Thursday 10th SEPTEMBER 2015, 12.30 – 1.30pm Grosvenor House, 86-90 Park Lane, London, W1K 7TN

YOU ARE INVITED TO JOIN US FOR AN Melanie Jones Head of Residential INFORMATIVE SEMINAR PRIOR TO THE Property at the Market LONDON AUCTION. Harborough offices of Taylor Rose Law LLP “Conveyancing update on matters of

interest to investors” Melanie will update attendees on a range of issues to include: Our special guest speaker is Melanie Jones, Head • Section 21 Notices of Residential Property at the Market Harborough • Beneficial interests claimed by non owning spouses offices of Taylor Rose Law LLP. Melanie has a wealth and why declarations of trust should be considered • The Immigration Order relating to residential of experience in dealing with all types of residential tenancies conveyancing transactions and acts for a wide • Shale Gas Mining spectrum of clients ranging from first time buyers to Melanie has kindly agreed to take questions from attendees so whether you are an experienced auction investors and large scale developers. buyer or a novice investor this is an opportunity not to be missed.

NA_Lot Section_SEPT 15.indd 1 20/08/2015 15:44 ORDER OF SALE: day one, LONDON

THURSDAY 10 SEPTEMBER 2015 at 2:00 pm Grosvenor House hotel, 86-90 Park Lane, London W1K 7TN

LOT ADDRESS LOT ADDRESS LOT ADDRESS 1 flat 10 Locke Close, 16-20 Bluebell Cemetery, Watercrofts 38 8 Castle Street, Poole, Intalbury Avenue, Aylesbury, Wood, Old London Road, Badgers Dorset, BH15 1BQ Buckinghamshire, HP19 8UZ Mount, Sevenoaks, Kent, TN14 7AE 39 The Modbury Inn, 2 3 Orbital Crescent, Watford, 21 34, 44 & 59 Preston Avenue, Brownston Street, Modbury, Hertfordshire, WD25 0HB Walmley, Sutton Coldfield, Ivybridge, Devon, PL21 0RQ 3 Site adjacent to 24 Hunts Drive, Writtle, West Midlands, B76 1NZ 40 The Butchers Arms, 31 High Street, Chelmsford, Essex, CM1 3HH 22 13, 15 & 19 Gigmill Way, Stourbridge, Yatton, Bristol, Avon, BS49 4JD 4 12 Walnut Tree Cottages, West Midlands, DY8 3HN 41 New Inn, 10-16 High Street, Broads Green, Great Waltham, 23 land between Lascotts Road and Amesbury, Salisbury, Chelmsford, Essex, CM3 1DX Spencer Road, Palmers Green, Wiltshire, SP4 7DL 5 ryan’s Bar, 25 Abbey Road, London, N22 8JN 42 river Parrett Inn, 11 Salmon Parade, Torquay, Devon, TQ2 5NF 24 Springside Cottage, Bridgwater, Somerset, TA6 5AN 6 The Royal Oak, 53 Cooling Road, Combeinteignhead, Newton Abbot, 43 unit A5, Westwood Industrial Estate, Rochester, Kent, ME2 4RP Devon, TQ12 4RA Continental Approach, Margate, 7 25 Selden Road, Nunhead, 25 23 Holly Road, Retford, Kent, CT9 4JG London, SE15 2JF Nottinghamshire, DN22 6BE 44 5 Orbital Crescent, Watford, 8 50 A Viceroy Court, 26 The Avenue, Hertfordshire, WD25 0HB High Street South, Dunstable, 1 Padwell Road, Southampton, 45 Site adjacent to 45 Pleshey Road, Bedfordshire, LU6 3HP Hampshire, SO14 6QY Ford End, Chelmsford, 9 royal Naval Arms, 188-192 Saltash 27 Jolly Judge, 168-170 Union Street, Essex, CM3 1LF Road, Keyham, Plymouth, Torquay, Devon, TQ2 5QP 46 The Golden Lion, 1 The Square, Devon, PL2 2BD 28 cobblestones, 71 Eastover, Barnstaple, Devon, EX32 8LS 10 Scalesceugh Hall, Carleton, Bridgwater, Somerset, TA6 5AP 47 The Green Dragon, 23 South Street, Carlisle, Cumbria, CA4 0BT 29 10 Whitmore Avenue, Wellington, Somerset, TA21 8NR 11 The Lamb Inn, Hackwood Road, Werrington, Stoke-on-Trent, 48 22 Adelphi Road, Paignton, Basingstoke, Hampshire, RG21 3AF Staffordshire, ST9 0LW Devon, TQ4 6AW 12 8 Burnley Road, 30 The White Swan, 33 High Street, 49 6 & 9 Beechwood Close, Mytholmroyd, Hebden Bridge, Crediton, Devon, EX17 3JP Cheswick Green, Solihull, West West Yorkshire, HX7 5LH 31 cork & Bottle, 3-5 Torquay Road, Midlands, B90 4HU 13 180 Rye Lane, Peckham, Paignton, Devon, TQ3 3DU 50 3, 6, 8 & 11 Briarwood Close, London, SE15 4NF 32 126 Risegate Road, Cheswick Green, Solihull, West 14 51 Sovereign Heights, Gosberton Risegate, Spalding, Midlands, B90 4HT Slough, Berkshire, SL3 8PZ Lincolnshire, PE11 4EY 51 Site Adjacent to, 26 Wessex Road, 15 flat 7, 82A Holloway Road, 33-37 Bluebell Cemetery, Watercrofts Wood, Didcot, Oxfordshire, OX11 8BT London, N7 8JG Old London Road, Badgers Mount, Sevenoaks, Kent, TN14 7AE

ORDER OF SALE: day TWO, BIRMINGHAM

TUESDAY 15 SEPTEMBER 2015 at 11:00 am birmingham city football club, st andrew’s stadium, birmingham b9 4nh

LOT ADDRESS LOT ADDRESS LOT ADDRESS 52 88 Sisefield Road, 57 223 Bushbury Lane, 62 2 & 6 Oakenhayes Crescent, Birmingham, B38 9JA Wolverhampton, WV10 9TY Sutton Coldfield, B76 9RP 53 198 A Dawlish Road, 58 180 Albert Road, 63 27, 66 & 72 Norman Road, Selly Oak, B29 7AR Stechford, B33 8UE Penkridge, ST19 5EX 54 2 & 14 Kingfisher, 59 110 Somerton Drive, 64 Building Plot adjacent to Tamworth, B77 5NZ Erdington, B23 5SS number 18, St. Giles Close, 55 Garages 5 & 7 Braemar Drive 60 158 & 160 Quarry Lane, Rowley Regis, B65 9EL Birmingham, B23 7HW Northfield, B31 2QJ 65 275 Jockey Road, 56 304 Rocky Lane, 61 561 Warwick Road, Tyseley, B11 2EX Sutton Coldfield, B73 5XE Birmingham, B42 1NQ 66 land at 273/275/277/279 Jockey Road, Sutton Coldfield, B73 5XE

NA_Lot Section_SEPT 15.indd 2 20/08/2015 15:44 www.networkauctions.co.uk

IMPORTANT NOTES FOR AUCTION BIDDERS

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

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

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

Internet Viewing - Additional Auction Service - Internet Viewing

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

The Essential Information Group Ltd Tel: 0870 112 30 40

NA_Lot Section_SEPT 15.indd 3 20/08/2015 15:44 IDENTIFICATION DOCUMENTS

Important Notice Money Laundering Regulations 2003 came into effect on the 1st March 2004.

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

pre-auction offers

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

catalogue mailing list

Printed Catalogues Email Printed catalogues are available for each auction. We charge £15.00 plus VAT Email subscribers receive every for a 12 month subscription, catalogues are sent by first class post. catalogue, notification of changes to price guides and details of properties To join the mailing list please complete the attached form and return it to us with your cheque for £18.00 made payable to Network Auctions Ltd. that may be available prior to or outside auction. This service is free of charge, register at Title (Mr / Mrs / Ms) ...... www.networkauctions.co.uk

First Name...... Website A PDF of the catalogue can be downloaded in full from the Network Surname...... Auctions website approximately 3 weeks prior to the auction. This service is free of charge. Address ......

......

Tel No...... 133 The Parade, Watford, Mobile...... Hertfordshire WD17 1NA

NA_Lot Section_SEPT 15.indd 4 20/08/2015 15:44 LOT GUIDE PRICE: AYLESBURY £92,000+ FLAT 10 LOCKE CLOSE, INTALBURY AVENUE, Current Rental Value : £6,600 p.a 1 BUCKINGHAMSHIRE, HP19 8UZ

A modern 1 bedroom top floor flat let on an Assured Shorthold Tenancy Description/Location: A modern well presented top floor flat let on an Assured Shorthold Tenancy for 12 months from 8th December 2014 at a rent of £550 p.c.m. The property also benefits from a garage and double glazed windows. Aylesbury Train Station approx. 1.3 miles. Accommodation: Ground Floor: Entry phone system, doorway to communal entrance hall, staircase to top floor. Top Floor: Entrance hall, living room, kitchen, double bedroom, bathroom. Outside: Garage in block. Communal parking area. Tenure: Leasehold 99 years from 29th September 1989 To View: Please contact Hartwell Network Auctions on 01296 710200. Local Authority: Aylesbury Vale District Council 01296 585858 www.aylesburyvaledc.gov.uk

5 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WATFORD GUIDE PRICE: 2 3 ORBITAL CRESCENT, HERTFORDSHIRE, WD25 0HB £150,000+

A vacant ground floor retail unit with consent to convert into 2 x 1 bedroom flats Description/Location: Change of use under 'Permitted Development' was granted by Watford Borough Council on 12 December 2014 (Planning Ref 14/01532/IAAPD) to convert the existing ground floor retail unit to 2 x 1 bedroom flats. Accommodation: Existing Ground floor retail unit Proposed 2 X 1 bedroom flats comprising entrance hall, lounge with kitchen area, double bedroom, bathroom. Tenure: Leashold - New 999 year lease To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Watford Borough Council 01923 226400 www.watford.gov.uk

6 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT CHELMSFORD GUIDE PRICE: SITE ADJACENT TO 24 HUNTS DRIVE, WRITTLE, ESSEX, £125,000+ 3 CM1 3HH

A vacant freehold site with planning consent for the erection of a 3 bedroom / 2 bathroom detached house. Description/Location: The site occupies a corner position at the junction of Hunts Drive and Hunts Close in a popular residential location. Planning granted by Chelmsford City Council on 08/05/2014 Ref: 14/00413/FUL. Accommodation: Proposed Accommodation Ground Floor: Entrance hall and cloakroom / wc, living room, dining room and kitchen. First Floor: Landing, master bedroom and en-suite, 2 further bedrooms, bathroom. Outside: Gardens and off street parking. Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk

7 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT CHELMSFORD GUIDE PRICE: 12 WALNUT TREE COTTAGES, BROADS GREEN, GREAT £179,000+ 4 WALTHAM, ESSEX, CM3 1DX Estimated Rental Value: £11,400 pa

A 3 bedroom semi detached house (Airey construction) requiring modernisation and occupying a site of 0.3 acres with development potential, vacant. Description/Location: The property is situated in a popular village and adjacent to the village green, Chelmsford Station 3.4 miles. The house is Airey non standard construction and requires modernisation. There is potential to extend the existing property or create an additional dwelling or dwellings subject to planning consent. Accommodation: Ground Floor: Entrance hall, through lounge / dining room, kitchen. First Floor: Landing, 3 bedrooms, bathroom. Outside: Extensive gardens to the front, side and rear. Tenure: Freehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk

8 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT TORQUAY GUIDE PRICE: 5 RYAN'S BAR, 25 ABBEY ROAD, DEVON, TQ2 5NF £140,000+

A vacant freehold public house with 2 x 2 bedroom flats on the first and second floors(3939 sq ft, source EPC) Description/Location: A substantial 3 storey end terrace building. There are 2 independent bars on the ground floor and lower ground floor level and 2 x 2 bedroom flats which comprise the first and second floors. The property fronts onto Abbey Road and has a pedestrian pathway to the side leading to Lower Union Street. Torquay is a large seaside town with a population of approx. 64,000. Accommodation: Lower Ground Floor Bar & servery, inner lobby, male & female w.c's, kitchen, beer cellar, staircase to ground floor. Ground Floor Bar & servery, staircase to first and second floor accommodation. First Floor Flat Living room, kitchen, 2 bedrooms, bathroom. Second Floor Flat Landing to inner hallway, living room, 2 bedrooms, shower room. Energy Rating : D/100 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk VAT IS APPLICABLE TO THIS LOT

9 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT ROCHESTER GUIDE PRICE: 6 THE ROYAL OAK, 53 COOLING ROAD, KENT, ME2 4RP £275,000+

A vacant freehold public house (3400 sq ft, source EPC) with accommodation on 3 floors occupying a corner site of 0.25 acres with development potential. Description/Location: The property is situated in a predominantly residential location and is not listed. The car park and garden could accommodate new residential dwellings, the existing building provides potential for existing and alternative commercial use or could be converted / demolished for further residential development - all subject to planning. Accommodation: Ground Floor: Large open plan bar, function room, trade kitchen. First Floor and attic rooms Managers flat. Outside: Trade gardens and car park. Energy Rating : C/53. Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Medway Council 01634 306000 www.medway.gov.uk VAT IS APPLICABLE TO THIS LOT

10 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LONDON GUIDE PRICE: 7 25 SELDEN ROAD, NUNHEAD, SE15 2JF £335,000+ A 3 bedroom end terraced house. Vacant Description/Location: A freehold 3 bedroom end terraced house with garden. The property is available with vacant possession. Nunhead Station 0.2 miles, Queens Road Peckham Station 0.3 miles Accommodation: Ground Floor: Living room, kitchen/diner. First Floor: 3 bedrooms, bathroom. Outside: Garden. Tenure: Freehold To View: Please contact Surelock Network Auctions on 0121 400 7980 Local Authority: Southwark Council 0207 525 5000 www.southwark.gov.uk

LOT DUNSTABLE GUIDE PRICE: 50A VICEROY COURT, HIGH STREET SOUTH, £40,000+ 8 BEDFORDSHIRE, LU6 3HP Estimated Rental Value £4,800 p.a A second floor purpose built studio apartment, vacant. Description/Location: Viceroy Court is situated close to Dunstable town centre, the apartment has been well maintained and benefits from UPVC double glazed windows and a balcony. Accommodation: Front door to: Entrance hall, living room/bedroom, separate kitchen, bathroom. Outside: Communal gardens. Parking for residents & guests. Tenure: Leasehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Dunstable Town Council 01582 513 000 www.dunstable.gov.uk

11 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT PLYMOUTH GUIDE PRICE: ROYAL NAVAL ARMS, 188-192 SALTASH ROAD, KEYHAM, DEVON, £170,000+ 9 PL2 2BD

A vacant freehold public house (4876 sq ft, source EPC) Description/Location: The Royal Naval Arms is situated in Keyham, a suburb to the West of Plymouth city centre. The property comprises a ground floor public house with living accommodation to the first floor with both internal and external access and is arranged as 1 x 2 bedroom and 1 x 1 bedroom flats with separate kitchens, bathrooms and living rooms, although planning currently allows for one larger flat. The property is Grade II listed due to the ceramic tiles to the ground floor elevation. Accommodation: Ground Floor Public bar and servery, male and female w.c's, lounge bar and servery. Access to basement beer cellar, male and female w.c's, 2 store rooms. First Floor Inner hallway with 2 bathrooms, 2 reception rooms, 2 kitchens, 3 bedrooms. Outside Enclosed beer garden to rear. Separate garden for owners use. Energy Rating : D/100 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Plymouth City Council 01752 668000 www.plymouth.gov.uk VAT IS APPLICABLE TO THIS LOT

12 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE Visit at the ou auction!

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Bank House, 8 Cherry Street, Birmingham, B2 5AL Call us free on T 0121 233 1188 W 0800 779 7097 LOT CARLISLE GUIDE PRICE: 10 SCALESCEUGH HALL, CARLETON, CUMBRIA, CA4 0BT £675,000+

An Edwardian country house (14,159 sq ft, source EPC) with outbuildings occupying a site of 3 approximately acres. Planning consent for conversion to a 47 bed residential care home with 6 associated close care cottages, development potential, vacant. Description/Location: The property comprises a grade II listed 2 storey building with basement and lower ground floor storage. Originally a private dwelling it was used for many years as a charity care home and now requires refurbishment. Planning consent was granted by Carlisle City Council Ref 13/0799 dated 27/11/2013 for the residential care home and additional close care cottages. We believe there is potential for alternative commercial and residential uses including restoration of the hall to a fine family home subject to planning. Accommodation: The main premises are constructed of stone beneath slate and tiled roofs with 17 bedrooms and 6 bathrooms at first floor level with a selection of reception rooms, lounges, dining rooms, bedrooms, bathrooms and kitchen facilities at ground level. To the rear is a modern single storey former day centre (1744 sq ft, source EPC). The site is accessed via a private driveway which is shared by 5 executive homes which have previously been built to the rear within the former grounds. The hall is set within extensive formal gardens and woodland with extensive car parking facilities. Energy Rating : E/114 Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Carlisle City Council 01228 817200 www.carlisle.gov.uk

14 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE CARLISLE SCALESCEUGH HALL, CUMBRIA, CA4 0BT

15 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BASINGSTOKE GUIDE PRICE: 11 THE LAMB INN, HACKWOOD ROAD, HAMPSHIRE, RG21 3AF £300,000+

A freehold public house (2400 sq ft) occupying a site of 0.33 acres with development potential, vacant. Description/Location: The property occupies a corner site at the junction of Hackwood Road and Cliddesdon Road a predominantly residential area, there is car park to the rear with access from Cliddesdon Road and a garden of 0.11 acres facing Hackwood Road with approximately 65ft road frontage. We understand the building is locally listed and located within a conservation area, there is potential for existing use and alternative commercial uses subject to planning. In addition there is potential for residential conversion of the building and both the car park and gardens could accommodate additional residential development all subject to planning. Accommodation: Ground Floor: 1243 sq ft - trade areas including bar and servery, customer wc's. First Floor: 715 sq ft - 4 rooms, kitchen and bathroom. Outside: Outbuilding 442 sq ft, car park to the rear and large garden to the side. Energy Rating : D/77 Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Basingstoke and Dean Borough Council 01256 844844 www.basingstoke.gov.uk VAT IS APPLICABLE TO THIS LOT

16 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT HEBDEN BRIDGE GUIDE PRICE: 8 BURNLEY ROAD, MYTHOLMROYD, WEST YORKSHIRE, £69,000+ 12 HX7 5LH ERV as shop and flat: £9600 pa.

A spacious 3 storey, double fronted house with development potential, vacant. Description/Location: An attractive stone built house situated in the village centre, the layout across 3 floors makes the property an ideal rental investment. There is potential for change of use at ground level to create an office / retail unit (we estimate rental value at £400 pcm) with a self contained flat above (rental value £400 pcm). Accommodation: Ground Floor: 393 sq ft, 2 rooms. First Floor: 387 sq ft, 2 bedrooms. Energy Rating: F/37 Second Floor: 289 sq ft, bedroom, bathroom. Tenure: Leasehold - 999 years from 12 October 1872. Ground Rent is £7.9s.4d To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Calderdale Council 0845 245 6000 www.calderdale.gov.uk

17 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE We’re making some bi changes

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Auction Finance Limited. Registered in England and Wales. Company Registration No 04949929. Registered o ce: Lake View, Lakeside, Cheadle, Cheshire SK8 3GW LOT LONDON GUIDE PRICE: 180 RYE LANE, PECKHAM, SE15 4NF £275,000+ 13 Current Rental Value : £27,000 pa

A spacious retail investment (3530 sq ft, source EPC) let producing £27,000pa. Description/Location: Ground floor commercial retail unit let on a full repairing and insuring lease (F.R.I.) for a term of 20 years, commencing 2/10/2012 with 5 yearly rent reviews. Current rent £27,000 p.a. The property is located in a busy retail area close to major retailers including Barclays Bank, Asda and Coral. Energy Rating: C/69 Tenure: Leasehold 125 years from October 2012 To View: Please contact Fairview International Network Auctions on 0203 011 0177 Local Authority: Southwark Council 0207 525 5000 www.southwark.gov.uk

19 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SLOUGH GUIDE PRICE: 51 SOVEREIGN HEIGHTS, BERKSHIRE, SL3 8PZ £205,000 - £215,000 14 Current Rental Value : £11,400pa A 2 bedroom apartment with a modern gated development, let on AST Description/Location: Located within an exclusive gated development on the Langley/Datchet borders this 2 bedroom ground floor apartment offers convenient access to local amenities and transport links. Accommodation: Ground Floor: Entrance hall, living room, master bedroom with en suite shower, bedroom 2, fitted kitchen, family bathroom. Outside: Landscaped communal gardens and allocated parking space. Tenure: Leasehold - balance of 999 year lease. To View: Please contact Fairview International Network Auctions on 0203 011 0177 Local Authority: Slough Borough Council 01753 475111 www.slough.gov.uk

LOT LONDON GUIDE PRICE: FLAT 7, 82A HOLLOWAY ROAD, N7 8JG £185,000+ 15 Estimated rental value: £12,000 pa A well presented first floor studio apartment, ideal for rental investment, vacant. Description/Location: Situated in a small courtyard style development set back from the road and close to the exclusive shops and restaurants of Highbury and Islington, Highbury & Islington tube 0.3 miles, Holloway 0.3 miles. London Metropolitan University is within 0.2 miles. Accommodation: Ground floor entrance with staircase to first floor, door to living room/bedroom, kitchen, shower room. Tenure: Leasehold 122 years from 14th May 2015. Ground rent £250 p.a. To View: Please contact Fairview International Network Auctions on 0203 011 0177 Local Authority: Islington council 020 7527 2000 www.islington.gov.uk

20 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SEVENOAKS GUIDE PRICE: 16-20 BLUEBELL CEMETERY, WATERCROFTS WOOD, OLD LONDON £6,150+ each ROAD, BADGERS MOUNT, KENT, TN14 7AE

Investment opportunity. Individual freehold burial plots. Description/Location An opportunity to purchase a single burial plot off plan within Bluebell Cemetery, a 27.9 acre site (source RICS valuation report) being developed as a burial park with facilities including a chapel, burial area, car parking and vehicular service roads. The scheme will occupy a third of the site with the remainder remaining as woodland. The RICS valuation report (refer to legal pack) states that all 130 cemeteries in and around London will be at full capacity by 2019 (source Bolt Burden report) and that supply will outstrip demand leading to a rise in prices. The site is situated 3 miles south east of Orpington and 5 miles north of Sevenoaks. Accommodation LOT 16 Single burial plot no B001. Guide price £6150+ LOT 17 Single burial plot no B002. Guide price £6150+ LOT 18 Single burial plot no B003. Guide price £6150+ LOT 19 Single burial plot no B004. Guide price £6150+ LOT 20 Single burial plot no B005. Guide price £6150+ Enquiries: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Sevenoaks District Council Telephone: 01732 227000 | www.sevenoaks.gov.uk

21 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SUTTON COLDFIELD GUIDE PRICE: 34, 44 & 59 PRESTON AVENUE, WALMLEY, WEST MIDLANDS, £15,000 21 B76 1NZ A Parcel of 3 Freehold Ground Rents Description/Location: A freehold ground rent investment secured on one detached house and two semi detached houses.

Preston Avenue lies off Sir Alfred's Way and forms part of the popular Newhall Estate.

The photographs shown are house numbers 59 & 34. Tenure: Freehold - subject to leases for a term of 99 years from 25/03/1980. The unexpired terms are approximately 63.5 years.

The annual ground rents are currently £75 for each house rising to £100 in 2046.

The buyer's administration fee for this lot is reduced to £450 plus vat.

Enquiries: Birmingham Office at 0121 456 1700

LOT STOURBRIDGE GUIDE PRICE: 22 13, 15 & 19 GIGMILL WAY, WEST MIDLANDS, DY8 3HN £21,000 A Parcel of 3 Freehold Ground Rents Description/Location: A freehold ground rent investment secured on 3 semi detached houses.

Stourbridge is a well regarded town around twelve miles to the west of Birmingham and Gigmill Way is a cul-de-sac off The Broadway.

The photographs are house numbers 13 & 19. Tenure: Freehold - subject to leases for a term of 99 years from 25/12/1961. The unexpired terms are approximately 45 years.

The annual ground rents are £25 for each house.

The buyer's administration fee for this lot is reduced to £525 plus vat.

Enquiries: Birmingham Office at 0121 456 1700

22 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT LONDON GUIDE PRICE: LAND BETWEEN LASCOTTS ROAD AND SPENCER ROAD, £100,000+ 23 PALMERS GREEN, N22 8JN

A freehold site of 2555 sq ft with speculative development potential, vacant. Description/Location: Situated between Spencer Road and Lascotts Road to the west of the High Road with vehicle access adjacent to 1a Spencer Road. The site was originally occupied by a block of 4 lock up garages and a forecourt, the garages have been removed. The land has potential for immediate use as a car park or storage area and the garages could be re-instated subject to planning consent. The sale will include copy architect drawings and proposals for the erection a 3 storey cantilevered building comprising 2 x 2 bedroom and 1 x 3 bedroom 3 self contained flats, planning would be required to implement the scheme. The land is subject to rights of way to the rear of properties from 1A to 15 Spencer Avenue. We refer potential bidders to the legal pack for clarification of the rights of way and to the special conditions for details of contributions towards the sellers costs associated with the sale. Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Haringay Council 020 8489 0000 www.haringay.gov.uk

23 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT NEWTON ABBOT GUIDE PRICE: SPRINGSIDE COTTAGE, COMBEINTEIGNHEAD, DEVON £165,000 - £175,000 24 TQ12 4RA Estimated rental value : £8,100 pa

A Grade II listed period cottage in the sought after village of Combeinteignhead, vacant. Description/Location: The property has previously been let, it is well presented and is now vacant. Interest is expected from investors and second home owners as well as those who are looking to find their ideal cottage in a superb village location. Accommodation: Ground Floor: Hall, living room, kitchen/breakfast room. First Floor: Three bedrooms, bathroom. Outside: Crazy paved patio to the rear. Tenure: Freehold To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Teignbridge District Council 01626 361101 www.teignbridge.gov.uk Auctioneers Note: We refer bidders to the Property Information Form and associated document contained within the auction legal pack which refers to the flood prevention measures carried out at Springside Cottage.

24 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT RETFORD GUIDE PRICE: 23 HOLLY ROAD, NOTTINGHAMSHIRE, DN22 6BE £175,000+ 25 Current Rental Value : £29,900pa

A well presented semi detached house arranged as a 7 room licensed HMO, let producing £29,900pa. Description/Location: Situated in a sought after residential road with access to the town centre. Retford station 0.6 miles. The HMO licence was issued by Bassetlaw District Council on 04/08/2014. There are 7 letting rooms, currently rooms 1 & 4 produce £65pw, room 2 £110pw and rooms 3 & 5 both produce £90pw, room 6 produces £60pw and room 7 produces £95pw equivalent to a combined annual rent of £29,900. The property provides modern fixtures and décor. Accommodation: Ground Floor: Entrance hall, large kitchen/common room, bedroom, utility room, bathroom/wc. First Floor: 4 bedrooms, bathroom. Second Floor: 2 bedrooms, bathroom. Outside: Gardens, front and rear. Tenure: Freehold To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Bassetlaw District Council 01909 533 533 www.bassetlaw.gov.uk

25 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SOUTHAMPTON GUIDE PRICE: 26 THE AVENUE, 1 PADWELL ROAD, HAMPSHIRE, SO14 6QY £325,000

A freehold, semi detached public house with potential for conversion or development, vacant. Description/Location: The property is situated in a residential area close to the city centre fronting Padwell Road with rear access via Mordaunt Road. The property occupies a site of 0.08 acres and is not listed, there is potential to create a new dwelling to the rear of the site Accommodation: Ground Floor: Bar with U shaped servery leading to raised seating area with additional bar area, kitchen, customer wc's. Basement: Cellar. First Floor: 2 bedrooms, lounge, kitchen, bathroom. Outside: Rear garden approx. 65 ft depth.

Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Southampton City Council 023 8083 3000 www.southampton.gov.uk VAT IS APPLICABLE TO THIS LOT

26 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT TORQUAY GUIDE PRICE: 27 JOLLY JUDGE, 168-170 UNION STREET, DEVON, TQ2 5QP £250,000+

A vacant freehold public house (2873 sq ft, source EPC) with 3 x 2 bedroom and 2 x 1 bedroom flats above Description/Location: A substantial property comprising a refurbished vacant ground floor pub with 5 vacant flats above that would benefit from refurbishment. Occupying a prominent position towards the higher end of Torquay town centre. Accommodation: Ground Floor Trading area, commercial kitchen, beer cellar, utility area, ladies & gents w.c.'s Managers Flat Internal & external access to half landing leading to kitchen and bathroom. Stairs to first floor comprising living room, separate dining room, double bedroom. Stairs to top floor bedroom. Flat A Living room with kitchen area, bedroom with en-suite bathroom. Flat B Living room, kitchen, bedroom, bathroom. Flat C Living room, kitchenette, 2 bedrooms, bathroom. NB: Flats A, B, C have separate access from a communal outside stairway leading to the back of the building, fronting Higher Union Lane.

Flat D Separate access from Union Street. Stairs to first floor. Living room, kitchen, 2 bedrooms, bathroom with w.c, separate w.c Energy Rating : C/53 Tenure: Freehold, vacant possession To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk VAT IS APPLICABLE TO THIS LOT

27 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BRIDGWATER GUIDE PRICE: 28 COBBLESTONES, 71 EASTOVER, SOMERSET, TA6 5AP £150,000+

A substantial freehold public house (6008 sq ft, source EPC) with accommodation across 3 floors, vacant. Description/Location: The property is situated on the outskirts of the town centre with trade areas at ground level and residential accommodation on the first and second floors. The building is Grade II listed and is situated in a mixed use area of retail and office buildings, great potential for existing and alternative commercial use. Accommodation: Ground Floor: Public bar with servery, seating area, games room, trade kitchen, customer wc's. Basement: Store room, beer cellar. First Floor: Lounge, kitchen, 2 bedrooms, bathroom. Second Floor: Lounge, 2 bedrooms, kitchen, bathroom. Outside: Enclosed beer garden, skittle alley / function room. Energy Rating : F/136 Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Sedgmoor District Council 01278 435435 www.sedgmoor.gov.uk VAT IS APPLICABLE TO THIS LOT

28 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT STOKE-ON-TRENT GUIDE PRICE: 10 WHITMORE AVENUE, WERRINGTON, STAFFORDSHIRE, £110,000 - £120,000 29 ST9 0LW Estimated Rental Value: £8,400 pa

A 3 bedroom detached house located in the popular area of Werrington. Description/Location: The property is situated in a popular area with schooling and offers easy access into Hanley & Leek. The A50 and A500 are also easily accessible. Accommodation: Ground Floor: Porch, entrance hall, shower room, sitting room, dining room, kitchen, study. First Floor: 3 bedrooms, bathroom. Outside: Front and rear gardens with off street parking.

Tenure: Freehold with vacant possession. To View: Please contact Goodchilds Network Auctions on 01782 206713 Local Authority: Stoke on Trent City Council 01782 234567 www.stoke.gov.uk

29 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT CREDITON GUIDE PRICE: 30 THE WHITE SWAN, 33 HIGH STREET, DEVON, EX17 3JP £180,000+

A vacant freehold public house (2766 sq ft, source EPC) with accommodation on 3 floors. Description/Location: The property is well positioned in the High Street, close to Lloyds Bank, Tesco Express and Betrfred. The property comprises a ground floor public house with residential accommodation on above. The property is Grade II listed. Accommodation: Ground Floor Public bar with servery, access to basement beer cellar, inner trade area, pool room, skittle alley/function room, male and female w.c.'s. First Floor Living room, kitchen, bedroom, bathroom. Additional flat having external and internal access comprising, Living room/kitchen, bedroom, shower room, split level storage area. Second Floor 3 bedrooms. Outside Patio beer garden to rear. Energy Rating : C/69 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Mid Devon District Council 01392 277888 www.middevon.gov.uk VAT IS APPLICABLE TO THIS LOT

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

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NA_Partner Ad_2015_v2.indd 30 18/06/2015 12:47 LOT PAIGNTON GUIDE PRICE: 31 CORK & BOTTLE, 3-5 TORQUAY ROAD, DEVON, TQ3 3DU £250,000+

Land Registry Title number DN442729 Ordnance Survey map reference SX8860NE Official copy of Scale 1:1250 title plan Administrative area Torbay

©Crown Copyright. Produced by Land Registry. Reproduction in whole or in part is prohibited without the prior written permission of Ordnance Survey. Licence Number 100026316.

A 3 storey town centre public house (5104 sq ft, source EPC) incorporating a 4 bedroom managers flat and 2 self contained flats (1 x 2 bed, 1 x 3 bed), freehold, vacant. Description/Location: The property is situated at the junction of Torquay Road and Bishops Place in the town centre and provides great potential for existing and alternative commercial use. Nearby operators include Halifax and Tesco Metro. The managers flat is arranged across the 2 upper floors, the 3 bedroom flat at first floor level with the 2 bedroom flat on the second floor. Accommodation: Ground Floor: Extensive trade areas, servery and customer wc's. Basement: Beer cellar. First Floor: Managers flat (access via ground floor trade area) comprising hallway and stairs to second floor, living room, former trade kitchen. Flat 1 with independent access to rear, large hallway with kitchen units, living room, 3 bedrooms, bathroom, wc. Second Floor: Managers Flat (continued) 4 bedrooms, bathroom and wc. Flat 2 with independent rear access, large hallway, living room, 2 bedrooms, kitchen, bathroom and wc. Outside: Rear yard with potential for a parking space. Energy Rating : C/59 Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Torbay Council

This official copy is incomplete without the preceding notes page. 01803 201201 www.torbay.gov.uk VAT IS APPLICABLE TO THIS LOT

32 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT GUIDE PRICE: SPALDING £120,000+ 126 RISEGATE ROAD, GOSBERTON RISEGATE, LINCOLNSHIRE, Estimated rental value £6600 pa 32 PE11 4EY

A Freehold detached bungalow with farmland views to the rear. Description/Location: A spacious 3 double bedroom detached bungalow with a large front garden located on the edge of the village of Gosberton Risegate, the property has a refitted kitchen and bathroom and oil fired central heating and is approximately 3 miles from Gosberton. Accommodation: Ground Floor: Entrance hall, lounge, dining area, kitchen, 3 double bedrooms, bathroom. Outside: Driveway, single garage, front garden, rear garden. Energy rating: D/57 Tenure: Freehold with vacant possession. To View: Please contact Hill & Clark Network Auctions on 01775 725300 Local Authority: South Holland District Council 01775 761161 www.sholland.gov.uk

33 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SEVENOAKS GUIDE PRICE: 33-37 BLUEBELL CEMETERY, WATERCROFTS WOOD, OLD LONDON £6,150+ each ROAD, BADGERS MOUNT, KENT, TN14 7AE

Investment opportunity. Individual freehold burial plots. Description/Location An opportunity to purchase single burial plot off plan within Bluebell Cemetery, a 27.9 acre site (source RICS valuation report) being developed as a burial park with facilities including a chapel, burial area, car parking and vehicular service roads. The scheme will occupy a third of the site with the remainder remaining as woodland. The RICS valuation report (refer to legal pack) states that all 130 cemeteries in and around London will be at full capacity by 2019 (source Bolt Burden report) and that supply will outstrip demand leading to a rise in prices. The site is situated 3 miles south east of Orpington and 5 miles north of Sevenoaks. Accommodation LOT 33 Single burial plot no B006. Guide price £6150+ LOT 34 Single burial plot no B007. Guide price £6150+ LOT 35 Single burial plot no B008. Guide price £6150+ LOT 36 Single burial plot no B009. Guide price £6150+ LOT 37 Single burial plot no B010. Guide price £6150+ Enquiries: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Sevenoaks District Council Telephone: 01732 227000 | www.sevenoaks.gov.uk

34 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT POOLE GUIDE PRICE: 8 CASTLE STREET, DORSET, BH15 1BQ £235,000+ Estimated rental £12,000 per 38 annum

A 2 bedroom town house with car port located close to Poole Quay. Description/Location: Converted from a former warehouse this 2 bedroomed town house offers open plan living space with vaulted ceilings and original features. The property has the added benefit of secure parking and is superbly situated for the quayside. Accommodation: Ground Floor: Car Port. First Floor: 2 bedrooms, bathroom. Second Floor: Open plan living space incorporating lounge, kitchen and dining areas. Energy Rating: E/54 Tenure: Leasehold with vacant possession. To View: Please contact Quay Living Network Auctions on 01202 683444 Local Authority: Poole Borough Council 01202 633633 www.poole.gov.uk

35 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT IVYBRIDGE GUIDE PRICE: THE MODBURY INN, BROWNSTON STREET, MODBURY, DEVON, £250,000 39 PL21 0RQ

A freehold public house (5381 sq ft, source EPC) with 5 en-suite letting rooms and owners accommodation. Description/Location: Modbury is a popular town in The South Hams, in South West Devon, with road links to Plymouth and Kinsbridge. The property is Grade II listed with accommodation over 2 main floors with dormer windows to the attic space which comprises the majority of the managers flat. The property is subject to a Tenancy at Will. For more information please refer to the legal pack. Accommodation: Ground Floor Public bar with servery, lounge bar with servery, conservatory, kitchen, 2 rooms providing space for approx. 28 covers, store room. First Floor 5 en-suite letting rooms. Owners Accommodation First floor living room, stairway to attic rooms comprising living room, bedroom, inner lobby with return staircase, office and bathroom. Outside Rear beer garden. Gated access to walled cobbled courtyard leading to private rear garden. Energy Rating : D/88 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: South Hams District Council 01803 81234 www.southhams.gov.uk VAT IS APPLICABLE TO THIS LOT

36 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BRISTOL GUIDE PRICE: THE BUTCHERS ARMS, 31 HIGH STREET, YATTON, AVON, £175,000+ 40 BS49 4JD

A freehold semi detached public house (2360 sq ft, source EPC) occupying a site of 0.14 acres, vacant. Description/Location: The property is situated in the village centre, an area popular with commuters and approximately 11 south west of Bristol. Potential for existing and alternative commercial use or conversion to residential subject to planning. Accommodation: ground Floor: Main bar and servery, back bar, customer wc's, kitchen, store, cold store. First Floor: Living room, 3 bedrooms, bathroom. Outside: Trade garden, yard. Energy Rating: C/70 Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: North Somerset Council 01934 888888 http://www.n-somerset.gov.uk VAT IS APPLICABLE TO THIS LOT

37 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SALISBURY GUIDE PRICE: 41 NEW INN, 10-16 HIGH STREET, AMESBURY, WILTSHIRE, SP4 7DL £275,000+

A vacant freehold public house (7631 sq ft, source EPC) on a site of 0.25 acres with development potential Description/Location: The property is prominently situated in the centre of Amesbury adjacent HSBC Bank. The building is 2 storey plus basement. There is a single storey extension to the rear (approx. 1560 sq ft) and parking for approx. 10 cars. The property is Grade II listed. EPC rating D92. Accommodation: Ground Floor Large central bar & server, kitchen, male & female w.c.'s. L-shaped outbuilding with 2 bar servery's, cellar and storage room. First Floor Living room, office, 6 bedrooms, 2 bathrooms, w.c. Outside Car park. Energy Rating : D/92 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Wiltshire Council 01225 713000 www.wiltshire.gov.uk VAT IS APPLICABLE TO THIS LOT

38 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BRIDGWATER GUIDE PRICE: 42 RIVER PARRETT INN, 11 SALMON PARADE, SOMERSET, TA6 5AN £200,000+

A vacant freehold public house Description/Location: The property is situated close to the town centre and comprises a ground floor pub with living accommodation above and an enclosed beer garden and single storey skittle alley to the rear. Accommodation: Ground Floor Public bar with server, pool room, kitchen, beer cellar, male & female w.c.'s, skittle alley. Living Accommodation A ground floor lobby provides access to the kitchen and staircase to first floor landing which has been previously used as a kitchenette. Access to living room, 2 double bedrooms, bathroom. Outside Beer garden to the rear. Energy Rating : D/100 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Sedgmoor District Council 01278 435435 www.sedgmoor.gov.uk VAT IS APPLICABLE TO THIS LOT

39 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT MARGATE GUIDE PRICE: UNIT A5, WESTWOOD INDUSTRIAL ESTATE, CONTINENTAL £350,000+ 43 APPROACH, KENT, CT9 4JG Current rent: £37,716 per annum

Freehold Industrial Unit (4460 sq ft, source EPC) let producing £37,716pa. Description/Location: An opportunity to acquire a substantial freehold building on this sought after industrial estate. The building is currently arranged as individual offices with shared toilet, kitchen and conference room facilities which are let on short term leases. An ideal investment opportunity or HQ acquisition. Energy Rating: C/73

Office 1 38 sqm £494 pcm Office 2 18.55 sqm £225 pcm Office 3 18.55 sqm £225 pcm Office 4 13.5 sqm £134 pcm Office 5 19.84 sqm £260 pcm Office 6 19.84 sqm £225 pcm Office 7 24.2 sqm £315 pcm Office 8 20.68 sqm £205 pcm Office 9 31.36 sqm £399 pcm Office 10 33.48 sqm £499 pcm Office 11 33 sqm £290 pcm Office 12 30.80 sqm £365 pcm

Tenure: Freehold To View: Please contact Cooke & Co on 01843 231833 Local Authority: Thanet District Council 01843 577000 www.thanet.gov.uk

40 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE MARGATE UNIT A5, WESTWOOD INDUSTRIAL ESTATE, CONTINENTAL APPROACH, KENT, CT9 4JG

41 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LIVE ONLINE PROPERTY AUCTIONS FIND OUT MORE

Network Auctions Launch Network E – New Online Auction Service We are excited about the potential for Network E, exchanging contracts and during this period a new hybrid method of sale combining the the seller undertakes not to sell to anyone else. speed and certainty of a traditional auction The buyer pays a deposit of 1% of the purchase with the best elements of a private treaty sale. price (minimum £3500) in part payment for Our research shows this approach will be the property. The seller has a serious buyer attractive to buyers with related sales and committed to the transaction and the buyer sellers who wouldn’t normally enter their knows their purchase is secure. Failure to properties in an auction where a contract is exchange contracts results in a forfeited deposit. formed as the hammer falls. There is no limit on the number of online Network E provides greater commitment auctions that will take place and an electronic than private treaty transactions. Properties catalogue showing forthcoming lots can be are marketed with a legal pack, an auction accessed via the Network Auctions website closing date and time. When the auction where buyers will be able to register and bid. closes an Exclusivity Agreement grants the Find out more about Network E at winning bidder time to undertake surveys and www.networkauctions.co.uk or contact secure a mortgage (useally 4 weeks) prior to us for advice about selling your property.

Properties already listed for sale via Network E include:

5 Icen Mews 6 Victoria Road, Redhill 8 Victoria Road, Redhill Dorchester A freehold investment opportunity A four bedroom semi detached house A 3 bedroom freehold house in a prime currently let on a 2 year full repairing set over 3 floors close to Redhill Railway town centre location, vacant. lease at £25,920 per annum. Station, vacant. Starting Bid: £190,000 Starting Bid: £360,000 Starting Bid: £325,000

Online E-Auctions.indd 1 20/08/2015 12:36 LOT WATFORD GUIDE PRICE: 44 5 ORBITAL CRESCENT, HERTFORDSHIRE, WD25 0HB £150,000+

A vacant ground floor retail unit with consent to convert into 2 x 1 bedroom flats Description/Location: Change of use under 'Permitted Development' was granted by Watford Borough Council on 12 December 2014 (Planning Ref 14/01532/IAAPD) to convert the existing ground floor retail unit to 2 x 1 bedroom flats. Accommodation: Existing Ground floor retail unit Proposed 2 X 1 bedroom flats comprising entrance hall, lounge with kitchen area, double bedroom, bathroom. Tenure: Leasehold - 999 years To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Watford Borough Council 01923 226400 www.watford.gov.uk

43 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT CHELMSFORD GUIDE PRICE: SITE ADJACENT TO 45 PLESHEY ROAD, FORD END, ESSEX, £120,000+ 45 CM3 1LF

A vacant freehold site with planning consent for the erection of a 3 bedroom / 2 bathroom detached house. Description/Location: The property comprises a corner plot at the junction Pleshey Road and Woods Road in the sought after village of Ford End. Planning was granted by Chelmsford City Council on 11/07/2014 Ref: 14/00829/FUL. Accommodation: Proposed Accommodation: Ground Floor: Entrance hall and cloakroom / wc, living room, kitchen / dining room, utility room. First Floor: Landing, master bedroom with en-suite, 2 further bedrooms, bathroom. Outside: Gardens, off street parking. Tenure: Freehold, vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk

44 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BARNSTAPLE GUIDE PRICE: 46 THE GOLDEN LION, 1 THE SQUARE, DEVON, EX32 8LS £375,000+

A town centre public house (5330 sq ft, source EPC) comprising bars and restaurant, a separate lodge with 7 letting rooms, a function room / nightclub and 2 self contained flats, vacant. Description/Location: Occupying a prominent position in the busy town centre close to the bus station, the property is listed Grade II. The building is arranged over 3 floors with a self contained letting lodge to the rear. Accommodation: Ground Floor: Public bar with and covered inner courtyard, games room, nightclub/function room with bar and wc's, cold store. First Floor: Bar and seating area, Pendulum Room (40 covers), Restaurant (32 covers plus space for another 12), trade kitchen. Flat 1 (self contained), living room, bedroom, store room, kitchen and bathroom. Second Floor: Flat 2 (self contained) Living room, bedroom, kitchen, utility room, bathroom. Outside: 2 storey letting lodge to the rear with 7 en-suite rooms, 10 bay car park and external store. Tenure: Freehold, vacant possession. Energy Rating: D/76 To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: North Devon Council 01271 327711 www.northdevon.gov.uk VAT IS APPLICABLE TO THIS LOT

45 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WELLINGTON GUIDE PRICE: 47 THE GREEN DRAGON, 23 SOUTH STREET, SOMERSET, TA21 8NR £225,000+

A 3 storey freehold public house with owners accommodation and 6 letting rooms (4260 sq ft, source EPC) occupying a site of 0.1 acres, vacant. Description/Location: The property is located in a central position just off the main high street and opposite Wellington School. The property provides potential for existing and alternative commercial use or further development all subject to planning. Accommodation: Ground Floor: Trade areas comprising 2 bars and central servery, beer cellar, customer wc's, skittle alley, domestic kitchen and sitting room. In addition there are 6 letting bedrooms arranged over the ground, first and attic floors serviced by 3 bathrooms. First Floor: Owners accommodation comprising 2 bedrooms, living room and bathroom. Outside: Courtyard and storage areas. Energy Rating: C/70 Tenure: Freehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Rushmoor Borough Council 01252 398399 www.rushmoor.gov.uk VAT IS APPLICABLE TO THIS LOT

46 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT PAIGNTON GUIDE PRICE: 22 ADELPHI ROAD, DEVON, TQ4 6AW £350,000 - £375,000 48 Estimated Rental Value: £40,000 pa

A substantial property located close to the sea front, currenlty split into 6 apartments set over 4 floors with excellent rental potential. Vacant Description/Location: The property is currently used as holiday lettings but we understand it has a planning consent for residential usage. The property also offers a "Lifestyle" business opportunity for owner occupation as well as being suitable for extended family living. Accommodation: Lower Ground Floor: 2 x 1 bedroom apartments. Ground Floor :1 x 2 bedroom apartment (possibly 1 x 1 bed and 1 x studio - subject to Planning Permission). First Floor: 1 x 2 bedroom apartment. Second Floor: 2 x 1 bedroom apartments. Outside: Hard landscaped garden and garage to the rear, off street parking to the front. Tenure: Freehold - Vacant Possession To View: Please contact Charles Darrow on 01626 330022 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk

47 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SOLIHULL GUIDE PRICE: 6 & 9 BEECHWOOD CLOSE, CHESWICK GREEN, WEST £10,000 49 MIDLANDS, B90 4HU A Parcel of 2 Freehold Ground Rents Description/Location: A freehold ground rent investment secured on two town house residences.

Beechwood Close lies off Foxland Close which can be approached from Cheswick Way around three miles south of Solihull town centre.

The upper photograph is house number 9 and the lower photograph is house number 6. Tenure: Freehold - subject to leases for a term of 99 years from 29/09/1970. The unexpired terms are approximately 54 years.

The annual ground rents are £30 for each house.

The buyer's administration fee for this lot is reduced to £350 plus vat.

Enquiries: Birmingham Office at 0121 456 1700

LOT SOLIHULL GUIDE PRICE: 3, 6, 8 & 11 BRIARWOOD CLOSE, CHESWICK GREEN, WEST £20,000 50 MIDLANDS, B90 4HT A Parcel of 4 Freehold Ground Rents Description/Location: A freehold ground rent investment secured on four town house residences.

Briarwood Close lies off Foxland Close which can be approached from Cheswick Way around three miles south of Solihull town centre.

The upper photograph is house number 6 and the lower photograph is house number 11. Tenure: Freehold - subject to leases for a term of 99 years from 29/09/1970. The unexpired terms are approximately 54 years.

The annual ground rents are £30 for each house.

The buyer's administration fee for this lot is reduced to £525 plus vat.

Enquiries: Birmingham Office at 0121 456 1700

48 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT DIDCOT GUIDE PRICE: SITE ADJACENT TO, 26 WESSEX ROAD, OXFORDSHIRE, £79,000+ 51 OX11 8BT

A freehold site with planning consent for the erection of a 2 storey contemporary dwelling. Description/Location: The site is situated in a residential location close to the High Street, Didcot Parkway 0.6 miles. Planning was granted by South Oxfordshire District Council on 20/02/2015 Ref: P14/S4017/FUL. Details of the planning together with drawings are available via the councils website. Accommodation: Proposed Accommodation: Entrance hall with cloakroom / wc, open living space with living room, kitchen and dining area. On the first floor there is a landing with bathroom, double bedroom and a large study. There is off street parking to the front and a garden to the rear. Tenure: Freehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: South Oxfordshire District Council 01225 540546 www.southoxon.gov.uk

49 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE Advance Notice of Lots Confirmed for 21st October Auction

Sutton, First Church of Christ Scientist, 42 Cheam Road, Surrey, SM1 2SS

A freehold site of 0.32 acres comprising modern 2 storey church buildings and a car park, development potential vacant.

Description/Location: Occupying a prominent position on Cheam Road opposite Sutton High School and close to Sutton station. The site and buildings have great potential for existing use and a wide variety of alternative commercial uses subject to planning. In addition, the site is adjacent to a 3 storey block of apartments with more residential dwellings located to the north and west, we believe there is potential for residential development of the site subject to planning. Local Authority: Aylesbury Vale District Council GUIDE PRICE: Telephone: 01296 585 858 £700,000+ www.aylesburyvaledc.gov.uk

Christchurch, Quartleys, 22 Castle Street, Dorset, BH23 1DT

A fine 19th century 3 storey town house of classical proportions with a detached coach house to the rear and outstanding southerly waterside views of the River Avon, the historic Constables House and Priory.

Description/Location: This Grade II listed dwelling offers versatile accommodation over 3 floors plus 2 additional large attic bedrooms. On the first floor there is a self contained 1 bedroom annex ideal for a relative or income purposes, whilst on the upper first floor a quite magnificent 43’ drawing room enjoys stunning riverside views. On the ground floor there is direct access from the full width lounge/dining room into an enclosed walled rear garden where The Coach House incorporates a 1 bedroom garden GUIDE PRICE: flat.A passageway from the garden provides direct access to the river. This property would benefit from sympathetic tuESDAY 15 September 2015 at 11:00 am £850,000 modernisation and redecoration but is nonetheless one of the finest homes in the historic town centre of Christchurch.. the legends lounge, birmingham city football club, To view: Richard Godsell Network Auctions on 01202 499466 st andrew’s stadium, birmingham b9 4nh

NA_Lot Section_SEPT 15.indd 6 20/08/2015 15:44 DAY TWO: BIRMINGHAM tuESDAY 15 SEptEmbEr 2015 At 11:00 Am

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

51 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: 52 88 SISEFIELD ROAD, KINGS NORTON, B38 9JA £40/45,000

A very spacious three bedroom maisonette Status: Vacant Possession Location: The property is situated at the corner of Sisefield Road and Barratts Road.

Sisefield Road can be approached from Primrose Hill or Shannon Road and is around three quarters of a mile south of The Green, Kings Norton. Description: The property is a ground floor maisonette offering very spacious accommodation with the benefits of gas radiator central heating and double glazing.

The property would be an ideal letting investment and the auctioneers are of the view that the letting value is around £550 per month. Accommodation: The accommodation includes a canopy porch, entrance hall (with storage cupboard off), kitchen, lounge, 3 good bedrooms and shower room.

There are gardens to both front and rear. Tenure: The property is leasehold for a 99 year term from 24/6/1972 at a current ground rent of £52.50 per annum, rising to £70 per annum in 2038. Completion: Completion is required twenty working days after exchange of contracts.

52 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE SPECIALIST INSURANCE FOR PROPERTY PEOPLE

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LOT SELLY OAK GUIDE PRICE: 53 198A DAWLISH ROAD, BIRMINGHAM, B29 7AR £95/100,000

A traditional terraced house close to the University of Birmingham Status: Vacant Possession. Location: Dawlish Road runs between Bristol Road and Raddlebarn Road.

The University of Birmingham and the Queen Elizabeth Hospital are nearby and within easy walking distance.

Selly Oak railway station is within around 0.4 of a mile and there are bus services on Bristol Road and Raddlebarn Road. Description: The property is a traditional end of terrace which occupies an excellent position close to the heart of the 'university quarter' of Selly Oak around 3.5 miles south of Birmingham city centre.

The property has been extended to the rear, has spacious rooms and is in need of some improvement. Accommodation: Ground Floor: Vestibule entrance, hallway, front reception room, rear reception room, kitchen, lobby, cloakroom with wc. First Floor: Landing, two double bedrooms, bathroom. Outside: There are gardens to both front and rear. Tenure: Freehold. Completion: Completion is required twenty working days after exchanger of contracts.

55 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT TAMWORTH GUIDE PRICE: 54 2 & 14 KINGFISHER, WILNECOTE, STAFFORDSHIRE, B77 5NZ £6,750

A parcel of 2 Freehold Ground Rents Description: A freehold ground rent investment secured on 2 semi detached houses.

Kingfisher can be approached from either Tinkers Green Road or Overwoods Road and is around three miles south of Tamworth town centre.

The upper photograph is number 2 and the lower photograph is number 14. Tenure: Freehold - subject to leases for a 99 year term from 29/9/1976.

The unexpired terms are approximately 60 years.

The annual ground rents are currently £60 for each house, rising to £80 in 2042.

The buyer's administration fee for this lot is reduced to £250 plus vat.

All enquiries should be directed to Pennycuick Collins at 0121-456- 1700. Completion: Completion is required twenty working days after exchange of contracts.

LOT BIRMINGHAM GUIDE PRICE: 55 GARAGES 5 & 7 BRAEMAR DRIVE, ERDINGTON, B23 7HW £500+

Freehold Ground Rent Investment Location: Braemar Drive is a cul-de-sac off Ivyfield Road which leads off Marsh Hill (A4040). Description: A freehold ground rent investment secured on two purpose built garages.

The garages are located in a block of twelve on the left hand side of Braemar Drive as entering from Ivyfield Close. They are the first and eighth garages in the block as viewed from left to right and are set back behind a forecourt and grassed area. Tenure: Freehold - subject to leases for a 99 year term from 25/3/1969.

The unexpired terms are approximately 52.5 years.

The ground rents are £24 per annum for each garage.

All enquiries should be directed to Pennycuick Collins at 0121-456-1700 Completion: Completion is required twenty working days after exchange of contracts.

56 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT BIRMINGHAM GUIDE PRICE: 56 304 ROCKY LANE, GREAT BARR, B42 1NQ £75/79,000

A Traditional Semi Detached House Status: Vacant Possession. Location: The property is located on Rocky Lane, between its junctions with Dorrington Road and Baltimore Road, which forms part of the well established Perry Hall Estate.

'Hamstead Village' and Hamstead railway station (providing train services to Birmingham New Street and Walsall) are around a fifth of a mile away. Description: A traditionally styled semi detached house offering double glazed three bedroom accommodation.

© Crown copyright and database rights 2015 OS 100047514 Accommodation: Ground Floor: Fully enclosed porch, entrance hall, spacious through lounge, kitchen. First Floor: Landing, 3 bedrooms, bathroom. Outside: There are gardens to both front and rear. Tenure: The property is leasehold for a term of 99 years from 29/9/1938 at a ground rent of £6 per annum.

The purchaser will have the right to acquire the freehold interest after two years of ownership. Completion: Completion is required twenty working days after exchange of contracts.

57 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT WOLVERHAMPTON GUIDE PRICE: 57 223 BUSHBURY LANE, WEST MIDLANDS, WV10 9TY £58/62,000

A High Quality Freehold Residential Investment Status: Residential Investment - subject to an Assured Shorthold Tenancy. Location: The property is situated on Bushbury Lane, close to its junction with Fordhouse Road, around two miles north of Wolverhampton City Centre.

Description: An end town residence offered for sale in good order and let on an Assured Shorthold Tenancy that commenced on 25/9/14. The current rent is £550 per month - equivalent to £6,600 per annum.

The tenancy is managed by Dixons Countrywide Lettings (Wolverhampton office) who have provided a rent statement to show that the rent is reliably paid.

Accommodation: Ground Floor: Entrance hall, lounge, dining kitchen. First Floor: Landing, 3 good size bedrooms, bathroom with shower. Outside: There is a front garden with a parking space and a rear garden with paved and lawned areas. The property has both gas radiator central heating and double glazing. Tenure: Freehold.

Completion: Completion is required twenty working days after exchange of contracts.

58 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT STECHFORD GUIDE PRICE: 58 180 ALBERT ROAD, BIRMINGHAM, B33 8UE £175,000

High Yielding Residential Investment - Freehold Status: The property is subject to six Assured Shorthold Tenancies. Location: The property is located on Albert Road close to its junction with Richmond Road. Description: A three storey extended property that has been converted to six fully self-contained flats. The flats are all separately metered.

Flats 180B & 180C have gas radiator central heating and the other four flats have electric panel heaters.

Flat 180 is a one bedroom ground floor flat let at £380 per month. Flat 180A is a ground floor studio flat let at £320 per month. Flat 180B is a two bedroom first floor flat let at £430 per month. Flat 180C is a one bedroom second floor flat let at £420 per month. Flat 180D is a two bedroom first floor flat let at £400 per month. Flat 180E is a one bedroom ground floor flat let at £385 per month.

Current total rent is £2,335 per month which is £28,020 per annum.

There is a brick paved forecourt and a garden to the rear where there is a garage.

Viewing is by arrangement with the auctioneers at 0121-456-1700. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

59 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT ERDINGTON GUIDE PRICE: 59 110 SOMERTON DRIVE, BIRMINGHAM, B23 5SS £80/85,000

Refurbished first floor two bedroom maisonette with extended lease Status: Vacant Possession. Location: Somerton Drive lies off Gravelly Lane between its junctions with Chester Road, Boldmere and Somerset Road, Erdington.

Both Chester Road and Erdington railway stations are within around half a mile. Description: The property is a first floor maisonette occupying a pleasant 'corner position' in Somerton Drive.

The property is double glazed and has just been refurbished to include re-fitting of the kitchen (with oven & hob) and bathroom and redecoration.

The accommodation includes a ground floor entrance, hallway, spacious front facing lounge, kitchen, bathroom and two double bedrooms with built-in wardrobes. Tenure: The property is leasehold and the lease has been extended for a term expiring on 6/2/2149. The unexpired term is therefore approximately 133½ years. Completion: Completion is required twenty working days after exchange of contracts.

60 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT NORTHFIELD GUIDE PRICE: 60 158 & 160 QUARRY LANE, BIRMINGHAM, B31 2QJ £275,000

A pair of semi detached houses on a quarter acre plot offering potential for re-development

Vacant Possession - Freehold.

Description: 158 (left hand side) & 160 Quarry Lane (right hand side) are semi detached houses with both offering very spacious accommodation including 2 reception rooms, 3 bedrooms, bathroom and shower room. In addition number 158 has an attic/fourth bedroom.

Both houses have the benefits of gas central heating and double glazing.

The overall plot size is approximately 1,042 sq.m - 0.257 acre.

Number 158 has a paved driveway leading to the rear garden where there is a garage and brick store/workshop. Number 160 has a driveway to a side garage and rear garden.

The two houses require minor improvement and are being offered for sale together. The site however may well be suitable for redevelopment, subject to the necessary planning permission. A letter from Birmingham City Council's planning department dated 28/4/15 has been placed in the legal pack and states that the principle of residential redevelopment of the site with 12 apartments in two blocks is accepted.

Tenure: Freehold.

Location: The property is situated on Quarry Lane close to Northfield railway station and between the junctions with Mill Lane and South Road.

Completion: Completion is required twenty working days after exchange of contracts.

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

LOT TYSELEY GUIDE PRICE: 61 561 WARWICK ROAD, BIRMINGHAM, B11 2EX £125/130,000

Freehold Commercial Premises - Part Let Status: Vacant possession is offered of the ground floor commercial/retail element of the building while the first floor flat is let on an Assured Shorthold Tenancy. Location: The property is prominently situated on Warwick Road (A41) between its junctions with Reddings Lane and Knights Road. Description: The property is a two storey traditionally constructed building that occupies a very prominent position.

The property has been extended and the main roof has been replaced. The ground floor comprises a retail area, rear room/food preparation area and store room with wc - in all around 56 sq.m/605 sq,ft.

The property has been extended to the rear where there is a substantial store room/garage of around 13.8 sq.m/149 sq.ft.

There is gas central heating and double glazing and to the front of the ground floor there is an electronic roller shutter.

To the first floor there is a one bedroom flat with kitchen (including breakfast area), lounge and bathroom that is let on an AST at £400 per month. The flat is accessed by a private entry door to the side of the building. Tenure: Freehold Completion: Completion is required twenty working days after exchange of contracts.

63 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SUTTON COLDFIELD GUIDE PRICE: 62 2 & 6 OAKENHAYES CRESCENT, MINWORTH, B76 9RP £8,000

A Parcel of 2 Freehold Ground Rents Description: A freehold ground rent investment secured on two detached houses.

Oakenhayes Crescent is close to the Minworth Island Roundabout, Walmley, on Sutton Coldfield's south east fringe.

The upper photograph is house number 2 and the lower photograph is house number 6. Tenure: Freehold - subject to leases for a term of 99 years from 25/06/1981.

The unexpired terms are approximately 64.8 years.

The annual ground rents are currently £75 for each house rising to £100 in 2047.

The buyer's administration fee for this lot is reduced lot to £250 plus vat.

All enquiries should be directed to Pennycuick Collins at 0121-456- 1700. Completion: Completion is required twenty working days after exchange of contracts.

LOT PENKRIDGE GUIDE PRICE: 63 27, 66 & 72 NORMAN ROAD, STAFFORDSHIRE, ST19 5EX £12,000

A Parcel of 3 Freehold Ground Rents Description: A freehold ground rent investment secured on one detached house and two semi detached houses.

Penkridge is a very pleasant town in South Staffordshire and Norman Road can be found off Wolgarston Way.

The photographs shown are house numbers 72 & 27. Tenure: Freehold - subject to leases for a term of 99 years from 25/03/1970.

The unexpired terms are approximately 53.5 years.

The annual ground rents are currently £37.50 for each house rising to £50 in 2036.

The buyer's administration fee for this lot is reduced lot to £375 plus vat.

All enquiries should be directed to Pennycuick Collins at 0121-456- 1700. Completion: Completion is required twenty working days after exchange of contracts.

64 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT ROWLEY REGIS GUIDE PRICE: BUILDING PLOT ADJACENT TO NUMBER 18 ST. GILES CLOSE, £60-70,000 64 WEST MIDLANDS, B65 9EL

Freehold Building Plot with planning permission for a three bedroom detached house Location: St Giles Close is a cul-de-sac off Hanover Road close to St Giles Church. It backs onto Rowley Regis golf course, and is made up of detached houses. Description: Situated in a corner position of this very pleasant cul-de-sac the plot has planning permission for the construction of a detached house.

The proposed accommodation includes a porch, entrance hall, guests' cloaks, lounge with doors out to the garden, kitchen with dining area and family area, three good size bedrooms, family bathroom and en- suite shower room. In addition the plans show front and rear gardens and a two car driveway.

Planning permission was granted by Sandwell Metropolitan Borough Council on 30/10/2014 under application number DC/14/57507.

The planning permission documents and plans can be viewed online at www.sandwell.gov.uk/planning (search using the application number shown above).

In the opinion of the auctioneers the proposed house will have a 'when built' market value of around £180/200,000. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

65 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SUTTON COLDFIELD GUIDE PRICE: 65 275 JOCKEY ROAD, BOLDMERE, SUTTON COLDFIELD, B73 5XE £150/155,000

Freehold Investment - Shop & Two Flats Producing £13,240 per annum Location: The property is situated on Jockey Road between its junctions with Boldmere Road and Oakwood Road. Description: Freehold premises arranged as a ground floor hairdressing salon, a ground floor studio flat and a two bedroom first floor flat.

275 Jockey Road is a hairdressing salon has operated since June 2000 and a new five year lease at a rent of £4,300 is currently being concluded.

275A Jockey Road is a good size two bedroom first floor flat let on an Assured Shorthold Tenancy at a rent of £395 per month. This letting commenced in January 2013 and the rent account is fully up to date.

275B Jockey Road is a ground floor studio flat let on an Assured Shorthold Tenancy at a rent of £350 per month. This letting commenced in April 2014 and the rent account is fully up to date.

Both flats are individually metered, are accessed from a hallway entrance, are well maintained and are gas centrally heated.

There is a paved forecourt which is included in the shop lease.

Tenure: Freehold Completion: Completion is required twenty working days after exchange of contracts.

66 GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE LOT SUTTON COLDFIELD GUIDE PRICE: 66 LAND AT 273/275/277/279 JOCKEY ROAD, BOLDMERE, B73 5XE £15/20,000

A Parcel of Freehold Land Status: Vacant Possession. Location: The land is located to the rear of 273, 275, 277 & 279 Jockey Road which are situated on Jockey Road between its junctions with Boldmere Road and Oakwood Road.

The land has a right of access from a pathway to the side of 275 Jockey Road. Description: A parcel of freehold land roughly rectangular in shape sitting to the rear of four properties on Jockey Road, Boldmere, Sutton Coldfield.

The land has an area of approximately 510 square meters (610 square yards) and a perimeter of approximately 101 meters (110 yards).

Historically the land has been used for a nursery garden and a greenhouse structure remains, although it is need of replacement or removal.

The land has a variety of potential usages and may be suitable for development, subject to planning consent, especially as part of a larger scheme including neighbouring land.

All enquiries should be directed to the auctioneers at 0121-456-1700. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

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

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

NA_Back Section_SEPT 15 lhp.indd 44 20/08/2015 15:22 www.networkauctions.co.uk

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

NA_Back Section_SEPT 15 lhp.indd 45 20/08/2015 15:22 the balance of the price is unconditionally received in equal daily rate assuming 365 days in a year, and G13.2 If the rent deposit is not assignable the seller must the seller’s conveyancer’s client account. income and expenditure relating to some other on completion hold the rent deposit on trust for the G6.5 If completion takes place after 1400 hours for a period accrues at an equal daily rate during the buyer and, subject to the terms of the rent deposit reason other than the seller’s default it is to be treated, period to which it relates; and deed, comply at the cost of the buyer with the buyer’s for the purposes of apportionment and calculating (c) where the amount to be apportioned is not known lawful instructions. interest, as if it had taken place on the next business at completion apportionment is to be made by G13.3 Otherwise the seller must on completion pay and day. reference to a reasonable estimate and further assign its interest in the rent deposit to the buyer G6.6 Where applicable the contract remains in force payment is to be made by seller or buyer as under an assignment in which the buyer covenants following completion. appropriate within fivebusiness days of the date with the seller to: G7. Notice to complete when the amount is known. (a) observe and perform the seller’s covenants and G7.1 The seller or the buyer may on or after the agreed G11. Arrears conditions in the rent deposit deed and indemnify completion date but before completion give the Part 1 Current rent the seller in respect of any breach; other notice to complete within ten business days G11.1 “Current rent” means, in respect of each of the (b) give notice of assignment to the tenant; and (excluding the date on which the notice is given) tenancies subject to which the lot is sold, the (c) give such direct covenant to the tenant as may be making time of the essence. instalment of rent and other sums payable by the required by the rent deposit deed. G7.2 The person giving the notice must be ready to tenant in advance on the most recent rent payment G14. VAT complete. date on or within four months preceding completion. G14.1 Where a sale condition requires money to be paid or G7.3 If the buyer fails to comply with a notice to complete G11.2 If on completion there are any arrears of current rent other consideration to be given, the payer must also the seller may, without affecting any other remedy the the buyer must pay them, whether or not details of pay any VAT that is chargeable on that money or seller has: those arrears are given in the special conditions. (a) of the buyer’s VAT registration; consideration, but (a) terminate the contract; G11.3 Parts 2 and 3 of this condition G11 do not apply to only if given a valid VAT invoice. (b) claim the deposit and any interest on it if held by a arrears of current rent. G14.2 Where the special conditions state that no VAT stakeholder; Part 2 Buyer to pay for arrears option has been made the seller confirms that none (c) forfeit the deposit and any interest on it; G11.4 Part 2 of this condition G11 applies where the special has been made by it or by any company in the same conditions give details of arrears. (d) resell the lot; and VAT group nor will be prior to completion. G11.5 The buyer is on completion to pay, in addition to any (e) claim damages from the buyer. G15. Transfer as a going concern other money then due, an amount equal to all arrears Where the special conditions so state: G7.4 If the seller fails to comply with a notice to complete of which details are set out in the special conditions. the buyer may, without affecting any other remedy the (a) the seller and the buyer intend, and will take all G11.6 If those arrears are not old arrears the seller is to buyer has: practicable steps (short of an appeal) to procure, assign to the buyer all rights that the seller has to that the sale is treated as a transfer of a going (a) terminate the contract; and recover those arrears. concern; and (b) recover the deposit and any interest on it from the Part 3 Buyer not to pay for arrears (b) this condition G15 applies. The seller confirms seller or, if applicable, a stakeholder. G11.7 Part 3 of this condition G11 applies where the that the seller G8. If the contract is brought to an end special conditions: (a) is registered for VAT, either in the seller’s name If the contract is lawfully brought to an end: (a) so state; or or as a member of the same VAT group; and (a) the buyer must return all papers to the seller (b) give no details of any arrears. (b) has (unless the sale is a standard-rated supply) and appoints the seller its agent to cancel any G11.8 While any arrears due to the seller remain unpaid the made in relation to the lot a VAT option that registration of the contract; and buyer must: remains valid and will not be revoked before (b) the seller must return the deposit and any (a) try to collect them in the ordinary course of completion. interest on it to the buyer (and the buyer may management but need not take legal proceedings G15.3 The buyer confirms that: claim it from the stakeholder, if applicable) unless or forfeit the tenancy; the seller is entitled to forfeit the deposit under (a) it is registered for VAT, either in the buyer’s name condition G7.3. (b) pay them to the seller within fivebusiness days or as a member of a VAT group; of receipt in cleared funds (plus interest at the G9. Landlord’s licence (b) it has made, or will make before completion, interest rate calculated on a daily basis for each G9.1 Where the lot is or includes leasehold land and licence a VAT option in relation to the lot and will not subsequent day’s delay in payment); to assign is required this condition G9 applies. revoke it before or within three months after (c) on request, at the cost of the seller, assign to completion; G9.2 The contract is conditional on that licence being the seller or as the seller may direct the right to obtained, by way of formal licence if that is what the (c) article 5(2B) of the Value Added Tax (Special demand and sue for old arrears, such assignment landlord lawfully requires. Provisions) Order 1995 does not apply to it; and to be in such form as the seller’s conveyancer may G9.3 The agreed completion date is not to be earlier than (d) it is not buying the lot as a nominee for another reasonably require; the date fivebusiness days after the seller has given person. (d) if reasonably required, allow the seller’s notice to the buyer that licence has been obtained. G15.4 The buyer is to give to the seller as early as possible conveyancer to have on loan the counterpart of any G9.4 The seller must: before the agreed completion date evidence: tenancy against an undertaking to hold it to the (a) of the buyer’s VAT registration; (a) use all reasonable endeavours to obtain the buyer’s order; licence at the seller’s expense; and (b) that the buyer has made a VAT option; and (e) not without the consent of the seller release any (c) that the VAT option has been notified in writing to (b) enter into any authorised guarantee agreement tenant or surety from liability to pay arrears or HM Revenue and Customs; properly required. accept a surrender of or forfeit any tenancy under G9.5 The buyer must: which arrears are due; and and if it does not produce the relevant evidence at least two business days before the agreed completion (a) promptly provide references and other relevant (f) if the buyer disposes of the lot prior to recovery of date, condition G14.1 applies at completion. information; and all arrears obtain from the buyer’s successor in title (b) comply with the landlord’s lawful requirements. a covenant in favour of the seller in similar form to G15.5 The buyer confirms that aftercompletion the buyer G9.6 If within three months of the contract date (or such part 3 of this condition G11. intends to: longer period as the seller and buyer agree) the G11.9 Where the seller has the right to recover arrears it (a) retain and manage the lot for the buyer’s own licence has not been obtained the seller or the buyer must not without the buyer’s written consent bring benefit as a continuing business as a going may (if not then in breach of any obligation under this insolvency proceedings against a tenant or seek the concern subject to and with the benefit of the condition G9) by notice to the other terminate the removal of goods from the lot. tenancies; and contract at any time before licence is obtained. That G12. Management (b) collect the rents payable under the tenancies and termination is without prejudice to the claims of either G12.1 This condition G12 applies where the lot is sold charge VAT on them seller or buyer for breach of this condition G9. subject to tenancies. G15.6 If, after completion, it is found that the sale of the lot is G10. Interest and apportionments G12.2 The seller is to manage the lot in accordance with its not a transfer of a going concern then: G10.1 If the actual completion date is after the agreed standard management policies pending completion. (a) the seller’s conveyancer is to notify the buyer’s completion date for any reason other than the G12.3 The seller must consult the buyer on all management conveyancer of that finding and provide aVAT seller’s default the buyer must pay interest at the issues that would affect the buyer after completion invoice in respect of the sale of the lot; interest rate on the price (less any deposit paid) from (such as, but not limited to, an application for licence; (b) the buyer must within fivebusiness days of the agreed completion date up to and including the a rent review; a variation, surrender, agreement to receipt of the VAT invoice pay to the seller the actual completion date. surrender or proposed forfeiture of a tenancy; or a new VAT due; and G10.2 Subject to condition G11 the seller is not obliged tenancy or agreement to grant a new tenancy) and: (c) if VAT is payable because the buyer has not to apportion or account for any sum at completion (a) the seller must comply with the buyer’s complied with this condition G15, the buyer must unless the seller has received that sum in cleared reasonable requirements unless to do so would pay and indemnify the seller against all costs, funds. The seller must pay to the buyer after (but for the indemnity in paragraph (c)) expose interest, penalties or surcharges that the seller completion any sum to which the buyer is entitled the seller to a liability that the seller would not incurs as a result. that the seller subsequently receives in cleared funds. otherwise have, in which case the seller may act G16. Capital allowances G10.3 Income and outgoings are to be apportioned at actual reasonably in such a way as to avoid that liability; G16.1 This condition G16 applies where the special completion date unless: (b) if the seller gives the buyer notice of the seller’s conditions state that there are capital allowances (a) the buyer is liable to pay interest; and intended act and the buyer does not object within available in respect of the lot. (b) the seller has given notice to the buyer at any fivebusiness days giving reasons for the objection G16.2 The seller is promptly to supply to the buyer all time up to completion requiring apportionment the seller may act as the seller intends; and information reasonably required by the buyer on the date from which interest becomes payable (c) the buyer is to indemnify the seller against all loss or in connection with the buyer’s claim for capital by the buyer; in which event income and liability the seller incurs through acting as the buyer allowances. outgoings are to be apportioned on the date from requires, or by reason of delay caused by the buyer. G16.3 The value to be attributed to those items on which which interest becomes payable by the buyer. G13. Rent deposits capital allowances may be claimed is set out in the G10.4 Apportionments are to be calculated on the basis that: G13.1 This condition G13 applies where the seller is holding special conditions. (a) the seller receives income and is liable for or otherwise entitled to money by way of rent deposit G16.4 The seller and buyer agree: outgoings for the whole of the day on which in respect of a tenancy. In this condition G13 “rent (a) to make an election on completion under Section apportionment is to be made; deposit deed” means the deed or other document 198 of the Capital Allowances Act 2001 to give (b) annual income and expenditure accrues at an under which the rent deposit is held. effect to this condition G16; and

NA_Back Section_SEPT 15 lhp.indd 46 20/08/2015 15:22 www.networkauctions.co.uk

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

NA_Back Section_SEPT 15 lhp.indd 47 20/08/2015 15:22 AUTHORISATION FORM FOR BIDDING BY TELEPHONE, internet OR PROXY

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

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

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

TELEPHONE NUMBERS

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

Email address ......

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

Lot No......

Amount of deposit ......

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

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

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

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

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

TERMS & CONDITIONS FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

1. The completed form must be delivered to Network the Auctioneers will not be liable to the bidder if he/ In addition to the above terms and conditions the Auctions (133 The Parade, Watford, Hertfordshire, she fails to check. following four apply to telephone bidders only: WD17 1NA) no later than twenty four hours prior 6. The bidder is deemed to have read the auction 1. The Auctioneers will attempt to make contact with the to the auction with the appropriate payment. If you catalogue, the Auctioneers’ ‘Important Notes For bidder on the telephone number/s provided but take no intend to bid for more than one lot then a separate Auction Bidders’ and to be aware of the guide price responsibility for the availability, quality or sustainability form for each lot must be completed. that the Auctioneers are quoting. of ‘the line’. When contact is made a member of the 2. The completed form must be delivered with Auctioneers’ staff will take bids from the bidder and 7. If the bidder attends the saleroom without having a payment to include the deposit of 10% of the relay them to the Auctioneer. cancelled this agreement and bids for the lot in maximum bid (subject to a minimum of £2,500) and 2. If telephone contact is ‘lost’ or a connection cannot the auctioneers’ administration fee of £750 plus person, the Auctioneers are free to accept such bids in addition to any bids made under this agreement. be made the bidder hereby authorises the Auctioneers vat (£900). This payment can be made by cheque to bid on his/her behalf up to the maximum bid amount or banker’s draft (payable to Network Auctions). 8. The Auctioneers assume that the bidder is bidding shown on page 1 of this agreement. Payments by credit card or cash cannot be accepted. for himself/herself. If the bidder intends to purchase 3. A bidder bidding by telephone may exceed the Cheques supplied by unsuccessful bidders will be the lot in a name other than his/her personal name maximum bid amount shown on page 1 and undertakes destroyed. (and other than as shown on page 1 of thisagreement), to provide the additional deposit funds (the difference arrangements must be made with the Auctioneers 3. If the bidder purchases the lot at less than ten between the deposit provided and 10% of the purchase times the sum of the deposit provided, the whole in advance. price) to the Auctioneers immediately post auction. of the deposit provided will be used as the deposit 4. The Auctioneers reserve the right not to bid on behalf payment and an adjustment will be made at Proof of Identity of the bidder in the event of any uncertainty, error or completion by the seller’s solicitors who will provide a The completed form must be delivered with proofs of disagreement and give no guarantee that any bid can completion statement showing the adjustment. identity as detailed in the auction catalogue. Without these the Auctioneers will be unable to action this bid. be communicated to the Auctioneer prior to any other 4. The bidder is deemed to have inspected the legal bids made in the saleroom. pack and to have taken all necessary legal and other In addition to the above terms and conditions the professional advice prior to bidding. The bidder is following applies to internet bidders only: In addition to the above terms and conditions the also deemed to have viewed the property (where 1. Internet bidders accept that access to Essential following two apply to proxy bidders only: viewings are made available by the Auctioneers). information Group’s (EIG) services (via EIG’s or 1. The Auctioneers will make bids for the bidder up 5. The bidder is deemed to have full knowledge Network Auctions’ website or services) could be to the maximum amount shown on page 1 of this of the General and Special Conditions of Sale and interrupted or withdrawn at any time. If you intend agreement, but not higher under any circumstances. the Notice to All Prospective Buyers therein. The to bid by internet you should also consider making 2. The Auctioneers undertake with the bidder to make bidder is also deemed to have full knowledge of any an alternative provision for making bids prior to the an initial bid on the bidder’s behalf at a figure no higher addendum produced by the Auctioneers at or prior auction. Neither the Auctioneers nor EIG have any than the reserve price and further undertake to bid to the auction. Bidders are advised to check whether liability if a bid fails to be received by us or if the bid is incrementally on the bidder’s behalf as per other bids any relevant addendum has or will be produced, but delayed or made in error for any reason. made in the saleroom.

NA_Back Section_SEPT 15 lhp.indd 48 20/08/2015 15:22 www.pennycuick.co.uk

MEMORANDUM

Date:......

Name of Seller:......

Address of Seller:......

Name of Buyer:......

Address of Buyer:......

Phone Number:...... Email:......

Lot Number:......

Address:......

‘The Price’:......

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

‘The Completion Date’:......

Deposit Paid to Auctioneers:......

Balance due at Completion:......

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

This agreement is subject to the Auctioneers’ Conditions of Sale, Common Auction Conditions (Edition 3) and General Conditions of Sale (as published in the auction catalogue) and the Special Conditions of Sale (as provided in the Legal Pack and as settled by the seller’s solicitors).

Signed on behalf of the Seller:...... By Pennycuick Collins for and on behalf of the seller

Signed by the Buyer:......

Buyer’s Solicitors:......

Phone Number:...... Email:......

Name of Solicitor:...... Property to Sell? Talk to us We are pleased to advise on all aspects of selling by auction and provide appraisals for properties anywhere in the UK.

Our unique approach combines major auction events in London and Birmingham with a network of partner firms throughout the country. Sellers benefit from the best of both worlds – expert local marketing combined with national exposure, it’s the right way to achieve the best possible price for your property.

FUTURE AUCTIONS LONDON Wednesday 21 October 2015 Thursday 10 December 2015 Thursday 25 February 2016 Thursday 5 May 2016 Thursday 7 July 2016 Thursday 8 September 2016 Wednesday 19 October 2016 Thursday 8 December 2016

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