North East Auction | Tuesday 30th May 2017 | Registration 5:00 pm | NE13 8AF
Auction House Of The Year 2016!
Kings Park, Scotland Gate, Choppington NE62 5SD
Let’s talk property... Starting Bid £39,950
In this issue...
A word from the auctioneer I Success stories I Feature property
North East Auction . Newcastle Falcons . Kingston Park . Upper Level 2 . Brunton Road . Kenton Bank Foot . Newcastle . NE13 8AF North WestEast Auction Auction North East Auction WednesdayTuesday 30th 25 Mayth January 2017 2017 Tuesday 31st January 2017
A word from our auctioneer Justin... With summer well and truly on its way, we’ve got auctions aplenty on the way.Firstly We’ve I’d like just to takehad ourthe opportunityMidlands and to Yorkshirewish you auctionall a very at happy Nottingham new Raceyear! Course which proved very popular.
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We host North EastEast AuctionsAuctions onon thethe last last Tuesday Tuesday of of the the month month at at The The Newcastle Falcons Rugby ClubClub andand NationalNational Auctions Auctions across across the the UK UK on aon regular a regular basis. basis. Come Come along along to tospeak speak with with one one of of our our specialists specialists who who will help you familiarise yourself with the auction process. We will help you familiarise yourself with the auction process. We advise advise everyone to arrive early to give you the opportunity to discuss everyone to arrive early to give you the opportunity to discuss any lots any lots you’re interest in with a member of the auction team and toyou’re have interest a look inat withthe legal a member packs ofavailable the auction if you’re team bidding and to on have an a look unconditionalat the legal packs lot. available if you’re bidding on an unconditional lot.
North East North West Midlands & Yorkshire Newcastle Falcons Rugby Club BlackpoolBloomfield FC, Road, Bloomfield Blackpool Road Nottingham Racecourse NE13 8AF FY1 6JJ NG2 4BE Registration 5pm Registration 1pm Registration 1pm
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
2 | Pattinson AuctionAuction Upcoming Pattinson Auctions
Let’s talk property...
Grab one of the Pattinson Buyers and Sellers guides available in any of the Pattinson Branches across the North East, online at pattinsonauctions.co.uk or at any of the live events across the UK.
Don’t miss out...
May June July August September North East th th th th th Auction 30 27 25 29 26
May June July August September North West st th th th th Auction 31 28 26 30 27
Midlands July August & Yorkshire th st Auction 4 31
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 3 Commercial Success Stories
Pattinson continues to be the North East regions primary auctioneer of commercial property. With over twenty years of experience in selling at auction we offer a monthly sale of commercial property with continued success. As always, our service continues to be supported by many of our counterparts and organisations producing great results. We are now taking instructions for June 2017. For more information about selling at auction please contact us on 0191 425 1507.
5-6 Lansdowne Terrace, Gosforth, NE3 1HW Lovaine House, Lovaine Terrace, North Shields, NE29 0HJ
Starting Bid £275,000 Starting Bid £115,000
Sold For £361,000 Sold For £248,000
• Office Accommodation • Two Storey, Three Floor Property • Three Floors • Currently Converted to Offices • 3,623sq. ft (337m2) • NIA 331sqm (3,563sqft)
Park Road, Hartlepool, Durham, TS24 7PW West Road, Denton Burn, Newcastle, NE15 7QQ
Starting Bid £89,950 Starting Bid £78,000
Sold For £95,000 Sold For £116,500
• Prominent Corner Position • Former Probation Service Office • Large Window Frontage • Two Storey Detached • Open Plan Layout • Multiple Office Rooms and Staff Facilities
To see how we can help you buy, sell and move call our property specialists on 0191 206425 93351507 or visit www.pattinsonauctions.co.ukpattinson.co.uk/commercial Let’s talk property
4 | Pattinson Commercial 2, 4 and 6-8 Church Street, Guisborough, TS14 6BS Station Road, Whitley Bay, Tyne and Wear, NE26 2QY
Starting Bid £230,000 Starting Bid £165,000
Sold For £250,000 Sold For £180,000
• Tenanted Investment • Tenanted Investment • Three Retail Units and First Floor Offices • Hot Food Takeaway • Units Let at £7,000 PA, £6,750 PA and £15,000 PA • Income £19,760 Per Annum
Rudyerd Street, North Shields, Tyne and Wear, NE29 6NF Milbank House, Milbank Street, Middlesbrough, TS6 6DD
Starting Bid £89,000 Starting Bid £27,000
Sold For £100,000 Sold For £43,000
• Tenanted Investment • Significant Building • Hot Food Takeaway • Mainly Office Accommodation • Income £11,440 Per Annum • Detached Structure
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
PattinsonPattinson Commercial Auction | 5 North East Auction Tuesday 30th May 2017
North East Auction Index
Lot | Address | Starting Bid Lot | Address | Starting Bid
29 Albion Terrace, Lynemouth, Morpeth, NE61 5TA £59,950 4 East View, Choppington, NE62 5UF £79,950
25 Alexandrina Street, Seaham, Durham, SR7 7HU £39,950 54 Ellesmere Road, Benwell, Newcastle upon Tyne, NE4 8TR £80,000
76 Alma Place, North Shields, NE29 0LZ £115,000 2 Furness Street, Hartlepool, Durham, TS24 8DN £19,950
35 Angus Close, Killingworth, Newcastle upon Tyne, NE12 6QR £59,950 50 Furness Street, Hartlepool, Durham, TS24 8DN £19,950
33 Argyle Square, Ashbrooke, Sunderland, SR2 7BS £120,000 80 Garages at Avalon Drive, East Denton, Newcastle, NE15 7SZ £27,500
5 Axbridge Gardens, Grainger park, Newcastle upon Tyne, NE4 8EB £35,000 87 Gladstone Terrace, Penshaw, Houghton Le Spring, DH4 7PJ £20,000
30 Azalea Terrace North, Ashbrooke, Sunderland, SR2 7ES £270,000 71 Hall Crescent, Horden, Peterlee, Durham, SR8 4AA £39,950
19 Balkwell Avenue, North Shields, NE29 7DH £59,950 6 Hall Gardens, West Boldon, East Boldon, NE36 0PU £85,000
20 Balliol Close, Peterlee, Durham, SR8 2NX £54,950 22 Hanover Drive, Winlaton, Blaydon-on-Tyne, NE21 6BA £100,000
65 Belsay Close, Pegswood, Morpeth, NE61 6XQ £64,950 59 Haydon Close, Red House Farm, Newcastle upon Tyne, NE3 2BY £59,950
60 Bilbrough Gardens, Benwell, Newcastle upon Tyne, NE4 8YA £69,950 44 Helmsley Drive, Wallsend, NE28 6JU £64,950
13 Blue House, Corporation Road, Hendon, Sunderland, SR2 8PF £180,000 84 Holly Avenue, Wallsend, NE28 6PE £39,950
86 Bradley Street, Easington, Peterlee, Durham, SR8 3SB £14,950 34 Hylton Road, Millfield, Sunderland, SR4 7XU £45,000
57 Briardale, Consett, Durham, DH8 7BD £30,000 63 Inleborough Drive, Ryton, NE40 3NN £58,000
41 Brookside Lodge Brookside Terrace, Ashbrooke, Sunderland, SR2 7RN £55,000 26 Irthing Avenue, Walker, Newcastle upon Tyne, NE6 2TQ £72,000
46 Calder Walk, Sunniside, Newcastle upon Tyne, NE16 5XS £65,000 38 John Williamson Street, Laygate, South Shields, NE33 5HP £34,950
27 Caroline Street, Fencehouses, Houghton Le Spring, DH5 9DE £22,000 74 Kenilworth, Great Lumley, Chester Le Street, Durham, DH3 4LZ £135,000
68 Chowdene Bank, Gateshead, NE9 6JD £114,950 51 Kings Park, Scotland Gate, Choppington, NE62 5SD £39,950
81 Clough Close, Linthorpe , Middlesbrough, Cleveland, TS5 5EU £54,000 37 Kingsmere Gardens, Walker, Newcastle upon Tyne, NE6 3NP £39,950
53 Colchester Terrace, Barnes, Sunderland, SR4 7RY £65,000 75 Land at Holly Bush Trade Zone, Skelton Industrial Estate, TS12 2LQ £89,950
64 Coquet Grove, Throckley, Newcastle upon Tyne, NE15 9JU £105,000 47 Lombardy House, Thornhill Gardens, Ashbrooke, Sunderland, SR2 7LE £200,000
9 Coquet Terrace, Dudley, Cramlington, NE23 7JD £69,950 28 Mainsforth Terrace, Sunderland, SR2 8JX £40,000
3 Coronation Street, Wallsend, NE28 7LT £49,950 82 Market Place, Wooler, NE71 6LF £75,000
31 Cowpen Road, Cowpen, Blyth, NE24 5EZ £94,950 42 Marlborough Terrace, Scotland Gate, Choppington, NE62 5SY £50,000
69 Davy Street, Ferryhill, Durham, DL17 8PN £18,500 36 Matlock Square, Lynemouth, Morpeth, NE61 5YF £59,950
62 Dilston Grange, Wallsend, NE28 6JH £70,000 32 Midmoor Road, Pallion, Sunderland, SR4 6NP £55,000
67 Durham Place, Birtley, Chester-Le-Street, DH3 2AY £160,000 40 Norfolk Street, Sunderland, SR1 1EA £135,000
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
6 | Pattinson Auction North East Auction Index
Lot | Address | Starting Bid Lot | Address | Starting Bid
58 Norham Close, Wideopen, Newcastle upon Tyne, NE13 7HS £154,950 23 St Anselm Crescent, North Shields, NE29 8BL £105,000
24 North Road, East Boldon, NE36 0DJ £155,000 15 Stanley Street West, North Shields, NE29 6RG £89,950
56 Nursery Lane, Gateshead, NE10 9TB £75,000 17 Strathisla, Hebron, Morpeth, NE61 3LA £350,000
10 Parsons Gardens, Dunston, Gateshead, NE11 9ET £45,000 55 The Avenue, Seaham, County Durham, SR7 8NS £110,000
73 Pele House Middle Road, Shilbottle, Alnwick, NE66 2XS £850,000 12 The Beacons, Astley Road, Seaton Delaval, Whitley Bay, NE25 0EZ £59,950
70 Penzance Court, Murton, Seaham, Durham, SR7 9JT £139,950 66 The Leazes, Bowburn, Durham, Durham, DH6 5AA £44,950
78 Portland Mews, Sandyford, Newcastle upon Tyne, NE2 1RW £850,000 21 Thistley Close, Walkerville, Newcastle upon Tyne, NE6 4PE £160,000
72 Quarry Lane, South Shields, NE34 7NP £118,000 7 Thurlow Way, Houghton Le Spring, DH5 8NW £59,950
1 Riversdale House, Stakeford, Choppington, NE62 5LG £5,000 49 Villette Road, Hendon, Sunderland, SR2 8RN £45,000
83 Roman Avenue, Walker, Newcastle upon Tyne, NE6 2RE £65,000 52 Warwick Terrace, Silksworth, Sunderland, SR3 1BP £55,000
43 School Street, Peterlee, Durham, SR8 3PR £32,000 8 Weldon Crescent, High Heaton, Newcastle upon Tyne, NE7 7HX £89,950
16 Seabank Cottage Old Mill Road, Hendon, Sunderland, SR2 8NU £35,000 18 West View, Penshaw, Houghton Le Spring, DH4 7HP £42,000
11 Western Terrace South, Murton, Seaham, Durham, SR7 9BA £29,950 Seaton Hand Car Wash, Seaton Lane, Seaton Carew, Hartlepool, 79 £119,950 TS25 1JG 77 Westgate Road, Newcastle upon Tyne, NE4 6AJ £109,950
45 Shields Place, Hetton Le Hole, DH5 8AX £22,000 14 Wilberforce Street, Jarrow, NE32 3AR £34,950
85 South Riggs, Bedlington, NE22 5SQ £85,000 39 Windsor Court, Bedlington, NE22 5PB £160,000
61 South Street, Chester Le Street, Durham, DH2 2JG £120,000 48 Woodbine Avenue, Wallsend, NE28 8HB £60,000
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 7 North East Auction Tuesday 30th May 2017
Definition of Auction Terms
We’ve outlined the key terms of each auction lot so you know exactly what you’re bidding on. For more information speak to one of our auction specialists at the auction event or call us on 0191 206 9335.
Conditional Lots Unconditional Lots Upon the fall of the gavel the buyer shall... Upon the fall of the gavel the buyer shall...
• Exchange contracts within 28 days • Exchange of contracts on the fall of the hammer. Special conditions may apply • Complete the purchase within an additional 28 days of the exchange • The sale must complete within 28 days
• A non-refundable £3,600 deposit • A 10% deposit must be paid subject to a minimum of £3,600 • Pay an administration fee of £780 (inc VAT) • Pay an administration fee of £780 (inc VAT)
Conditional Lots - Unconditional Lots - Reservation Fee Reservation Fee Upon the fall of the gavel the buyer shall... Upon the fall of the gavel the buyer shall...
• Pay a non-refundable 5% plus VAT • Exchange contracts immediately. Reservation Fee. (to a minimum of £5,000 plus VAT) • Pay a 5% Deposit and a 5% Reservation Fee. (to a minimum of £5,000 plus VAT) • Exchange contracts within 28 days. • Be legally bound to buy the property / lot and • Complete the purchase within an the vendor is legally bound to sell. additional 28 days of the exchange. • The sale must complete within 28 days.
* Reservation fee denotes a different set of charges to the regular auction lots. Reservation fee lots will be either Unconditional or Conditional the reservation fee does not contribute toward the purchase price. Please read the differences between these auction formats carefully above so you understand the associated costs of each one and the requirements of each auction. If you have any questions please don’t hesitate to ask a member of staff on the day.
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
8 | Pattinson Auction Unsure of Auctions? How to bid What is the difference between a start bid and a reserve price? A starting bid is simply the price the bidding begins at. The reserve price is the undisclosed amount the seller would accept for the property. The reserve ensures the property cannot be sold for less than the seller is prepared to accept. The reserve and starting bid are subject to change. In Person The starting bid may be a price that the property cannot be sold for. Come along to our auction
What is the difference between a conditional and unconditional auction? An unconditional auction is what most people understand an auction to be i.e. the property is sold on the fall of a hammer. A Pattinson Auction Proxy Bid innovation is the conditional auction which gives both parties If you can’t attend the auction 28 days (unless otherwise agreed) to exchange contracts on the property we can bid on your behalf following the fall of the hammer, providing sellers and buyers with a fixed time scale for the sale.
What payment methods do you accept? We accept debit or credit cards and BACS transfer Online (3% surcharge on credit cards). We do NOT accept cheque payments. Bid on a property Alternatively cleared funds may be banked with Keith Pattinson prior to the on our website auction which would be refunded the day after the auction if unsuccessful.
Phone We can telephone you from the auction room and bid on your behalf
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 9 Online and live auction success stories
Let’s talk property...
Wellington Street, Lemington, Newcastle, NE15 8RH Hare Law Gardens, Stanley, Durham, DH9 8DE
Starting Bid £34,950 Starting bid £29,950
Sold For £48,000 Sold For £43,500
Enfield Road, Gateshead, Tyne and Wear, NE8 4JJ St. Cuthberts Drive, Gateshead, NE10 9AA
Starting bid £42,000 Starting bid £29,950
Sold For £73,500 Sold For £48,000
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
10 | Pattinson Auction North East Auction 30th May 2017 5pm Registration - 5:30pm Start
Newcastle Falcons Upper Level 2 Kingston Park Stadium Brunton Road Newcastle NE13 8AF
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 11 North East Auction Tuesday 30th May 2017
Riversdale House, Stakeford, NE62 5LG
Upper Flat Lot One Bedroom Balcony 1 Ideal Buy to Let Double Glazing Potential Rental Income £3,600 PA
EPC - Unconditional Starting Bid £5,000 01670 568097 Bedlington
Furness Street, Hartlepool, TS24 8DN
Terraced Property Lot Three Bedrooms Double Glazing 2 Gas Central Heating Ideal Investment Potential Rental Income £4,800 PA
EPC - Unconditional Starting Bid £19,950 01642 210132 Teesside Office
Coronation Street, Wallsend, NE28 7LT
Lower Flat Lot Two Bedrooms Double Glazing 3 Gas Central Heating Built-In Appliances Potential Rental Income £5,400 PA
EPC - Unconditional Starting Bid £49,950 0191 2345681 Wallsend
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
12 | Pattinson Auction East View, Choppington, NE62 5UF
Terraced Property Lot Three Bedrooms Gas Central Heating 4 Double Glazing Rear Garden Potential Rental Income £6,000 PA
EPC - Unconditional Starting Bid £79,950 01670 568097 Bedlington
Axbridge Gardens, Grainger Park, NE4 8EB
Upper Flat Lot Two Bedrooms Gas Central Heating 5 Gardens Double Glazing Potential Rental Income £5,400 PA
EPC - Unconditional Starting Bid £35,000 0191 2725880 West Road
Hall Gardens, West Boldon, NE36 0PU
Mid Terraced Property Lot Two Bedrooms Conservatory 6 Gardens Front & Rear Off Street Parking Potential Rental Income £6,600 PA
EPC - Unconditional Starting Bid £85,000 0191 4251 509 North East Auction
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 13 North East Auction Tuesday 30th May 2017
Thurlow Way, Houghton Le Spring, DH5 8NW
End Terraced Property Lot Three Bedrooms Two Reception Rooms 7 Double Glazing Conservatory Ideal First Time Buy or Investment Opportunity
EPC - Unconditional Starting Bid £59,950 0191 4251 509 North East Auction
Weldon Crescent, High Heaton, NE7 7HX
Terraced Property Lot Three Bedrooms Off Street Pakring 8 Gas Central Heating Rear Yard Potential Rental Income £8,400 PA
EPC - Conditional Reservation Fee Starting Bid £89,950 0191 2049601 Heaton
Coquet Terrace, Dudley, NE23 7JD
Terraced Property Lot Two Bedrooms Double Glazing 9 Gas Central Heating Off Street Parking Potential Rental Income £6,000 PA
EPC - Unconditional Starting Bid £69,950 0191 4251 509 North East Auction
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
14 | Pattinson Auction Parsons Gardens, Dunston, NE11 9ET
Upper Flat Lot Three Bedrooms Requires Updating 10 Gas Central Heating Ideal Investment Potential Rental Income £5,700 PA
EPC - Unconditional Starting Bid £45,000 0191 4775116 Whickham
Western Terrace South, Murton, SR7 9BA
Terraced Property Lot Two Bedrooms Requires Updating 11 Two Reception Rooms Gas Central Heating Potential Rental Income £5,400 PA
EPC - Unconditional Reservation Fee Starting Bid £29,950 0191 5143929 Sunderland
The Beacons, Astley Road, Seaton Delaval, NE25 0EZ
Upper Flat Lot Two Bedrooms Garage 12 Transport Links Ideal First Buy/Investment Potential Rental Income £5,400 PA
EPC - Unconditional Starting Bid £59,950 01670 568098 Cramlington
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 15 North East Auction Tuesday 30th May 2017
Corporation Road, Hendon, SR2 8PF
Two Storey Lot Detached Tenanted Investment 13 Rental Income of £49,800 PA Prominent Position Freehold Title
EPC - Unconditional Reservation Fee Starting Bid £180,000 0191 425 1507 Commercial
Wilberforce Street, Jarrow, NE32 3AR
Upper Flat Lot Three Bedrooms Investment Opportunity 14 Double Glazing Gas Central Heating Potential Rental Income £5,100 PA
EPC - Unconditional Starting Bid £34,950 0191 4897431 Jarrow
Stanley Street West, North Shields, NE29 6RG
Maisonette Lot Three Bedrooms Period Features 15 Two Stories Gas Central Heating Potential Rental Income £6,600 PA
EPC - Unconditional Starting Bid £89,950 0191 2960696 North Shields
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
16 | Pattinson Auction Old Mill Road, Hendon, SR2 8NU
Detached Cottage Lot Two Bedrooms Two Reception Rooms 16 Gas Central Heating Office Area Garage Providing Off Street Parking
EPC - Unconditional Reservation Fee Starting Bid £35,000 0191 5143929 Sunderland
Hebron, Hebron, NE61 3LA
Bungalow Lot Four Bedrooms Three Reception Rooms 17 Gas Central Heating Garage Garden
EPC - Unconditional Starting Bid £350,000 01670 568099 Morpeth
West View, Penshaw, DH4 7HP
Mid Terraced Property Lot Two Bedrooms Double Glazing 18 Gas Central Heating Spacious Garden Potential Rental Income £6,000 PA
EPC - Conditional Reservation Fee Starting Bid £42,000 0191 4154467 Washington
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 17 North East Auction Tuesday 30th May 2017
Balkwell Avenue, North Shields, NE29 7DH
Lower Flat Lot Two Bedrooms Double Glazing 19 Gas Central Heating Great Investment Potential Rental Income £5,400 PA
EPC - Unconditional Starting Bid £59,950 0191 4251 509 North East Auction
Balliol Close, Peterlee, SR8 2NX
Semi Detached Property Lot Three Bedrooms Gas Central Heating 20 Double Glazing Ideal First Time Buy Potential Rental Income £5,400 PA
EPC - Unconditional Starting Bid £54,950 0191 4251 509 North East Auction
Thistley Close, Walkerville, NE6 4PE
Detached Bungalow Lot Two Bedrooms Two Reception Rooms 21 Conservatory Gardens Front & Rear Off Street Parking
EPC - Unconditional Starting Bid £160,000 0191 4251 509 North East Auction
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
18 | Pattinson Auction Hanover Drive, Winlaton, NE21 6BA
Bungalow Lot Two Bedrooms Double Glazed 22 Driveway & Garage Ideal Project Potential Rental Income £7,800 PA
EPC - Unconditional Starting Bid £100,000 01661 834198 Prudhoe
St Anselm Crescent, North Shields, NE29 8BL
Pair of Bungalows Lot Potential Development Ideal Investment 23 Off Street Parking Garden to Rear
EPC - Unconditional Reservation Fee Starting Bid £105,000 0191 2960696 North Shields
North Road, East Boldon, NE36 0DJ
Semi Detached Property Lot Three Bedrooms Spacious Lounge / Dining Area 24 Gas Central Heating Conservatory Garage & Drive
EPC - Unconditional Starting Bid £155,000 0191 4251 509 North East Auction
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 19 North East Auction Tuesday 30th May 2017
Alexandrina Street, Seaham, SR7 7HU
End Terraced Property Lot Three Bedrooms Double Glazing 25 Gas Central Heating Rear Yard Potential Rental Income £5,400 PA
EPC - Conditional Reservation Fee Starting Bid £39,950 0191 5183521 Peterlee
Irthing Avenue, Walker, NE6 2TQ
Pair of Flats Lot Three Bedroom Upper Two Bedroom Lower 26 Off Street Parking Private Rear Yard Current Rental Income £9,000 PA
EPC - Unconditional Starting Bid £72,000 0191 2049601 Heaton
Caroline Street, Fencehouses, DH5 9DE
Mid Terraced Property Lot Two Bedroom Gas Central Heating 27 Ideal Investment Opportunity Freehold Title Potential Rental Income £5,400 PA
EPC - Unconditional Reservation Fee Starting Bid £22,000 0191 425 1507 Commercial
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
20 | Pattinson Auction Mainsforth Terrace, Sunderland, SR2 8JX
Mid Terraced Property Lot Three Bedrooms Gas Central Heating 28 Tenanted Investment Freehold Title Rental Income of £5,400 PA
EPC - Unconditional Reservation Fee Starting Bid £40,000 0191 425 1507 Commercial
Albion Terrace, Lynemouth, NE61 5TA
Terraced Property Lot Three Bedrooms Two Reception Rooms 29 New Conservatory Garden Yard (newly concreted)
EPC - Unconditional Starting Bid £59,950 01670 568096 Ashington
Azalea Terrace North, Ashbrooke, SR2 7ES
Tenanted Investment Lot Rental Income of £50,400 PA Excellent Location 30 Nineteen Bedsits Two Storey, Three Floor Property Freehold title
EPC - Unconditional Reservation Fee Starting Bid £270,000 0191 425 1507 Commercial
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 21 North East Auction Tuesday 30th May 2017
Cowpen Road, Cowpen, NE24 5EZ
Semi Detached Property Lot Four Bedrooms Double Glazing 31 Gas Central Heating Investment Opportunity Potential Rental Income £7,200 PA
EPC - Conditional Starting Bid £94,950 01670 369000 Blyth
Midmoor Road, Pallion, SR4 6NP
Mid Terraced Property Lot Two Bedrooms Gas Central Heating 32 Tenanted Investment Freehold Title Rental Income of £5,400 PA
EPC - Unconditional Reservation Fee Starting Bid £55,000 0191 425 1507 Commercial
Argyle Square, Ashbrooke, SR2 7BS
Four Flats Lot Gas Central Heating Ideal Investment 33 Ideal Location Rear Yard Excellent Transport Links
EPC - Unconditional Starting Bid £120,000 0191 5143929 Sunderland
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
22 | Pattinson Auction Hylton Road, Millfield, SR4 7XU
Tenanted Investment Lot Ground Floor Retail Prominent Position 34 Popular Area Commercial & Residential Location Rental Income of £4,680 PA
EPC - Unconditional Reservation Fee Starting Bid £45,000 0191 425 1507 Commercial
Angus Close, Killingworth, NE12 6QR
Terraced Property Lot Three Bedrooms Off Street Parking 35 Gas Central Heating Double Glazing Potential Rental Income £5,700 PA
EPC - Conditional Starting Bid £59,950 0191 2150677 Forest Hall
Matlock Square, Lynemouth, NE61 5YF
Semi Detached Property Lot Three Bedrooms Gas Central Heating 36 Double Glazing Garden Potential Rental Income £4,320 PA
EPC - Conditional Starting Bid £59,950 01670 568096 Ashington
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 23 North East Auction Tuesday 30th May 2017
Kingsmere Gardens, Walker, NE6 3NP
Apartment Lot Two Bedrooms Gas Central Heating 37 Off Street Parking Communal Gardens Transport Links
EPC - Unconditional Reservation Fee Starting Bid £39,950 0191 2049601 Heaton
John Williamson Street, Laygate, NE33 5HP
Lower Flat Lot Two Bedrooms Gas Central Heating 38 Ideal Investment Double Glazing Currently Achieving £4,680 PA
EPC - Unconditional Starting Bid £34,950 0191 4540488 South Shields
Windsor Court, Bedlington, NE22 5PB
Bungalow Lot Two Bedrooms Two Reception Rooms 39 Gas Central Heating Garage Double Glazing
EPC - Conditional Starting Bid £160,000 01670 568097 Bedlington
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
24 | Pattinson Auction Norfolk Street, Sunderland, SR1 1EA
Mid Terraced Property Lot Two Storey Four Residential Flats 40 Investment Opportunity City Centre Location Freehold Title
EPC - Unconditional Reservation Fee Starting Bid £135,000 0191 425 1507 Commercial
Brookside Terrace, Ashbrooke, SR2 7RN
Apartment Lot Two Bedrooms Allocated Parking 41 Communal Garden Potential Rental Income £5,940 PA
EPC - Unconditional Starting Bid £55,000 0191 5143929 Sunderland
Marlborough Terrace, Scotland Gate, NE62 5SY
Terraced Property Lot Three Bedrooms Rear Yard 42 Garage & Off Street Parking Gas Central Heating Potential Rental Income £5,400 PA
EPC - Conditional Starting Bid £50,000 01670 568097 Bedlington
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 25 North East Auction Tuesday 30th May 2017
School Street, Peterlee, SR8 3PR
Terraced Property Lot Three Bedrooms Tenanted Investment 43 Gas Central Heating Freehold Title Rental Income £5,200 PA
EPC - Unconditional Reservation Fee Starting Bid £32,000 0191 425 1507 Commercial
Helmsley Drive, Wallsend, NE28 6JU
Terraced Property Lot Three Bedrooms Two Reception Rooms 44 Ideal Investment Gardens Garage
EPC - Unconditional Starting Bid £64,950 0191 2345681 Wallsend
Shields Place, Hetton Le Hole, DH5 8AX
Upper Flat Lot One Bedroom Gas Central Heating 45 Ideal Investment Freehold Title Potential Rental Income £4,000 PA
EPC - Unconditional Reservation Fee Starting Bid £22,000 0191 425 1507 Commercial
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26 | Pattinson Auction Calder Walk, Sunniside, NE16 5XS
Upper Flat Lot Two Bedrooms Gas Central Heating 46 Detached Garage Double Glazing Potential Rental Income £5,400 PA
EPC - Conditional Starting Bid £65,000 0191 4775116 Whickham
Thornhill Gardens, Ashbrooke , SR2 7LE
Terraced Property Lot Six Bedrooms Desirable Location 47 Double Glazing Gas Central Heating Ideal Project
EPC - Unconditional Starting Bid £200,000 0191 4251 509 North East Auction
Woodbine Avenue, Wallsend, NE28 8HB
Lower Flat Lot Two Bedrooms Double Glazing 48 Gas Central Heating Off Street Parking Potential Rental Income £5,400 PA
EPC - Conditional Starting Bid £60,000 0191 4251 509 North East Auction
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Pattinson Auction | 27 North East Auction Tuesday 30th May 2017
Villette Road, Hendon, SR2 8RN
End Terraced Property Lot Three Bedrooms Tenanted Investment 49 Freehold Title Gas Central Heating Rental Income of £5,400 PA
EPC - Unconditional Reservation Fee Starting Bid £45,000 0191 425 1507 Commercial
Furness Street, Hartlepool, TS24 8DN
Terraced Property Lot Three Bedrooms Great Investment 50 Double Glazing Gas Central Heating Potential Rental Income £4,800 PA
EPC - Unconditional Starting Bid £19,950 01642 210132 Teesside Office
Kings Park, Scotland Gate, NE62 5SD
Semi Detached Property Lot Two Bedrooms Double Glazing 51 Garage Rear Garden Potential Rental Income £5,100 PA
EPC - Unconditional Starting Bid £39,950 01670 568097 Bedlington
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28 | Pattinson Auction Warwick Terrace, Silksworth, SR3 1BP
Terraced Property Lot Pair of Flats Residential Area 52 Vacant Possession Busy Location Freehold Title
EPC - Unconditional Reservation Fee Starting Bid £55,000 0191 425 1507 Commercial
Colchester Terrace, Barnes, SR4 7RY
Mid Terraced Property Lot Three Bedrooms Two Reception Rooms 53 Updating Required Front & Rear Gardens Potential Rental Income £7,200 PA
EPC - Unconditional Reservation Fee Starting Bid £65,000 0191 5143929 Sunderland
Ellesmere Road, Benwell, NE4 8TR
Terraced Property Lot Four Bedrooms Two Reception Rooms 54 Ground Floor WC Great Investment Opportunity Potential Rental Income £7,200 PA
EPC - Unconditional Starting Bid £80,000 0191 4251 509 North East Auction
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Pattinson Auction | 29 North East Auction Tuesday 30th May 2017
The Avenue, Seaham, SR7 8NS
Mid Terraced Property Lot Ground Floor Retail First Floor Accommodation 55 Land Site Included Planning Permission Granted Ground Floor Tenanted at £5,200 PA
EPC - Unconditional Reservation Fee Starting Bid £110,000 0191 425 1507 Commercial
Nursery Lane, Gateshead, NE10 9TB
End Terraced Property Lot Two Bedrooms Two Reception Rooms 56 Yard Gas Central Heating Double Glazing
EPC - Unconditional Starting Bid £75,000 0191 4897431 Jarrow
Briardale, Consett, DH8 7BD
Terraced Property Lot Two Bedrooms Double Glazing 57 Some Updating Required Gardens Off Street Parking
EPC - Unconditional Reservation Fee Starting Bid £30,000 01207 508262 Consett
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
30 | Pattinson Auction Norham Close, Wideopen, NE13 7HS
Detached Property Lot Three Bedrooms Gardens to Front & Rear 58 Garage & Driveway Double Glazing Conservatory
EPC - Unconditional Starting Bid £154,950 0191 2303365 Gosforth
Haydon Close, Red House Farm, NE3 2BY
Second Floor Flat Lot Two Bedrooms Situated in Red House Farm 59 Garage in Block Double Glazed Windows Electric Heating
EPC - Unconditional Starting Bid £59,950 0191 2303365 Gosforth
Bilbrough Gardens, Benwell, NE4 8YA
Pair of Flats Lot Upper Flat - Two Bedrooms Lower Flat - Two Bedrooms 60 Double Glazing Great Investment Potential Rental Income £4,500 PA
EPC - Unconditional Starting Bid £69,950 0191 4251 509 North East Auction
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Pattinson Auction | 31 North East Auction Tuesday 30th May 2017
South Street, Chester Le Street, DH2 2JG
End Terraced Property Lot Four Bedrooms Converted Garage 61 Gas Central Heating Double Glazing Potential Rental Income £5,700 PA
EPC - Conditional Starting Bid £120,000 0191 3892944 Chester Le Street
Dilston Grange, Wallsend, NE28 6JH
Top Floor Apartment Lot Two Bedrooms Double Glazing 62 Gas Central Heating Allocated Parking Potential Rental Income £5,400 PA
EPC - Conditional Starting Bid £70,000 0191 2345681 Wallsend
Inleborough Drive, Ryton, NE40 3NN
Semi Detached Property Lot Three Bedrooms Gas Central Heating 63 Double Glazing Rear Garden Potential Rental Income £6,000 PA
EPC - Unconditional Starting Bid £58,000 0191 4251 509 North East Auction
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32 | Pattinson Auction Coquet Grove, Throckley, NE15 9JU
Semi Detached Property Lot Three Bedrooms Garage 64 Gas Central Heating Sought After Location Potential Rental Income £7,800 PA
EPC - Conditional Starting Bid £105,000 0191 2725880 West Road
Belsay Close, Pegswood, NE61 6XQ
Semi Detached Property Lot Two Bedrooms Gas Central Heating 65 Double Glazing Garden to Rear Potential Rental Income £5,400 PA
EPC - Unconditional Starting Bid £64,950 01670 568099 Morpeth
The Leazes, Bowburn, DH6 5AA
Terraced Property Lot Two Bedrooms Vacant Possession 66 Gas Central Heating Double Glazing Potential Rental Income £5,400 PA
EPC - Unconditional Starting Bid £44,950 0191 3832133 Durham City
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 33 North East Auction Tuesday 30th May 2017
Durham Place, Birtley, DH3 2AY
Detached Property Lot Four Bedrooms Lounge / Dining Room 67 Kitchen / Utility Room Garage & Driveway Front & Rear gardens
EPC - Unconditional Starting Bid £160,000 0191 3892944 Chester Le Street
Chowdene Bank, Gateshead, NE9 6JD
Semi Detached Property Lot Two Bedrooms Gas Central Heating 68 Double Glazing Desirable Location Potential Rental Income £7,500 PA
EPC - Conditional Starting Bid £114,950 0191 4878898 Low Fell
Davy Street, Ferryhill, DL17 8PN
Mid Terraced Property Lot Two Bedrooms Double Glazing 69 Gas Central Heating Yard to Rear Potential Rental Income £4,200 PA
EPC - Conditional Reservation Fee Starting Bid £18,500 0191 5183521 Peterlee
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
34 | Pattinson Auction Penzance Court, Murton, SR7 9JT
Spacious Bungalow Lot Four Bedrooms Two Reception Rooms 70 Garage Fantastic Road Links Gas Central Heating
EPC - Unconditional Starting Bid £139,950 0191 5183521 Peterlee
Hall Crescent, Horden, SR8 4AA
Semi Detached Property Lot Three Bedrooms Ideal Investment 71 Gas Central Heating Double Glazing Potential Rental Income £4,800 PA
EPC - Conditional Reservation Fee Starting Bid £39,950 0191 5183521 Peterlee
Quarry Lane, South Shields, NE34 7NP
Semi Detached Property Lot Three Bedrooms Detached Garage 72 Gas Central Heating Double Glazing Garden to Front & Rear
EPC - Conditional Starting Bid £118,000 01207 508262 Consett
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Pattinson Auction | 35 North East Auction Tuesday 30th May 2017
Middle Road, Shilbottle, NE66 2XS
Character Property Lot Grade II Listed Eight Bedrooms 73 Adjoining Annex Established Garden Conservatory
EPC - Conditional Starting Bid £850,000 01665 604193 Alnwick
Kenilworth, Great Lumley, DH3 4LZ
Semi Detached Bungalow Lot Two Bedrooms Conservatory 74 Gas Central Heating & Double Glazing Garden, Driveway & Garage to Front Enclosed Garden to Rear
EPC - Conditional Starting Bid £135,000 0191 3892944 Chester Le Street
Skelton Industrial Estate, Skelton-in-Cleveland, TS12 2LQ
Development Opportunity Lot Land Site Approx 1.74 acres Local Development Order Available 75 Planning Permission Granted For B1, B2 or B8 Use Class Freehold Title
EPC - Unconditional Reservation Fee Starting Bid £89,950 0191 425 1507 Commercial
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
36 | Pattinson Auction Alma Place, North Shields, NE29 0LZ
Ground Floor Flat Lot One Bedroom Spacious Accomodation 76 Gas Central Heating & Double Glazing Sought After Location Shared Yard
EPC - Unconditional Starting Bid £115,000 0191 2960696 North Shields
Westgate Road, Newcastle upon Tyne, NE4 6AJ
Maisonette Lot Four Bedrooms Close to City Centre & Universities 77 Well Presented Throughout Gas Central Heating Current Tenanted Investment Until August 2017
EPC - Unconditional Starting Bid £109,950 0191 2725880 West Road
Portland Mews, Sandyford, NE2 1RW
Great Investment Opportunity Lot Freehold Apartment Block 9 Individual Apartments 78 3 x Two Bedrooms + 6 x One Bedrooms Approx £4100 PCM Rental Income In accordance with the Estate Agents Act we are obligated to advise that the seller is a Connected Party. EPC - Unconditional Starting Bid £850,000 0191 2324392 Newcastle
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 37 North East Auction Tuesday 30th May 2017
Seaton Lane, Seaton Carew, TS25 1JG
Land & Development Lot Former Filling Station Outline Planning Permission for 7 Dwellings 79 Area Approximately 0.4 Acres Prominent Position Freehold Title
EPC - Unconditional Starting Bid £119,950 0191 425 1507 Commercial
Avalon Drive, East Denton, NE15 7SZ
Six Garages Lot Tenanted Investment Total Income of £3,000 PA 80 Manual Shutters Residential Area Eaves Heights 1.98m to 2.15m
EPC - Unconditional Reservation Fee Starting Bid £27,500 0191 425 1507 Commercial
Clough Close, Linthorpe , TS5 5EU
First Floor Apartment Lot One Bedroom Balcony 81 Allocated Parking Double Glazing Potential Rental Income £5,400 PA
EPC - Unconditional Starting Bid £54,000 01642 210132 Teesside Office
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
38 | Pattinson Auction Market Place, Wooler, NE71 6LF
Ground Floor Retail Lot Two Flats (Sold Vacant) Retail Unit Tenanted 82 Rental Income of £4,800 PA Popular Town Location
EPC - Unconditional Starting Bid £75,000 0191 425 1507 Commercial
Roman Avenue, Walker, NE6 2RE
End Terraced Property Lot Three Bedrooms Double Glazing 83 Gas Central Heating Off Street Parking Potential Rental Income £6,600 PA
EPC - Unconditional Reservation Fee Starting Bid £65,000 0191 2345681 Wallsend
Holly Avenue, Wallsend, NE28 6PE
Lower Flat Lot Two Bedrooms Double Glazing 84 Gas Central Heating Ideal Investment Opportunity Potential Rental Income £4,500 PA
EPC - Conditional Starting Bid £39,950 0191 2345681 Wallsend
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 39 North East Auction Tuesday 30th May 2017
South Riggs, Bedlington, NE22 5SQ
Semi Detached Property Lot Two Double Bedrooms Gas Central Heating & Double Glazing 85 Conservatory Attached Integral Garage Gardens to Front & Rear
EPC - Conditional Starting Bid £85,000 01670 568097 Bedlington
Bradley Street, Easington, SR8 3SB
Terraced Property Lot Two Bedrooms Gas Central Heating 86 Double Glazing Ideal Investment Opportunity Potential Rental Income £4,500 PA
EPC - Conditional Reservation Fee Starting Bid £14,950 0191 5183521 Peterlee
Gladstone Terrace, Penshaw, DH4 7PJ
Cottage Lot One Bedroom Gas Central Heating & Double Glazing 87 Ideal First Time Buy or Investment Opportunity Garden to Front & Yard to Rear
EPC - Unconditional Starting Bid £20,000 0191 4154467 Washington
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40 | Pattinson Auction Feature Property Ideal Investment Opportunity!
Lot Portfolio of 9 properties! 78
Portland Mews, Sandyford, Newcastle upon Tyne, NE2 1RW
• 9 Individual Apartments Starting Bid £850,000
• Great Investment Opportunity
• Approx £4,100 PCM Rental Income
• Freehold Apartment Block
• 3 x Two Bedrooms + 6 x One Bedrooms
• Allocated Parking
• In accordance with the Estate Agents Act we are obligated to advise that the seller is a Connected Party.
To see how we can help you buy, sell and move call our property specialists on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 41 North East Auction Tuesday 30th May 2017 Proxy Form - Reservation Fee
Proxy FormForm for for Conditional CR & UR Lots & Unconditional Reservation Fee Lots
Please Select Method of Bidding: Buyers Details: Proxy: Telephone: Full Name: ...... Date Of Birth: ...... I instruct Pattinson’s to bid on my behalf in accordance with the terms and conditions printed within the Pattinson Address: ...... Auction catalogue and I understand that should my bid be successful I will be bound by those terms. Under the ...... conditional auction I will pay a non refundable reservation ...... fee of 5% plus VAT subject to a minimum of £6,000 including VAT (The reservation fee is not considered Post Code: ...... as part payment of the final negotiated selling price) and exchange contracts within 28 days (subject to any Telephone Number: ...... joint agreement between seller and purchaser to extend Business Number: ...... this period). Under the unconditional auction I will pay a 5% deposit plus a reservation fee of 5% plus VAT subject Mobile Number: ...... to a minimum fee of £6,000 including VAT and exchange contracts on the night of the auction. By signing this form I confirm I have read and understood the contents of the Solicitors Name: ...... legal pack and agree to any special conditions within the Solicitors Address: ...... pack......
Date of auction: ...... Lot Number: ...... The property is offered in the: ...... Conditional Auction: Unconditional Auction: Post Code: ...... Address Of Lot: Phone Number ...... Signed: ...... ...... by the buyer on his/her behalf and on behalf of any principle mentioned above. Please only sign the above if you have read and fully understand this agreement, ...... and have been left a copy of this agreement. In compliance with Anti Money Laundering Regulations an Equifax search will be carried out to verify your identity Post Code: ...... and proof of residency. This does not affect your credit file.
Maximum Bid: £ ...... Date: ...... Maximum Bid in Words: ...... Bidding via a Partner Agent?: ...... Yes: No: If successful and paying by credit or debit card the buyer must be contactable on the night of the auction with Name of Partner Agent: ...... sufficient funds available in the account. Alternatively ...... cleared funds may be banked with Keith Pattinson prior to the auction which would be refunded the day after the ...... auction if unsuccessful. Card Details: Card Number: ...... Cardholder Name: ...... Start Date: ...... Expiry Date: ...... Card Issuer: Visa: Mastercard: Maestro: Issue Number*: ...... Security Code: ...... Switch: Visa Delta: Solo: TO BE SHREDDED AFTER USE Credit Card payments are subject to a surcharge of 3% of the total amount payable. American Express is not accepted. * Switch and Solo Only
To see how weFairway can House, help 2 Hills Street,you Gateshead, buy, sell NE8 2AS and . 0191 move 2069335 . pattinsonauctions.co.ukcall our property . VAT Reg. specialists No. 455054653 on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
42 | Pattinson Auction Proxy Form
Proxy FormForm for for Conditional & Lots & Unconditional Lots
Buyers Details: Please Select Method of Bidding: Full Name: ...... Proxy: Telephone: Date Of Birth: ......
I instruct Pattinson’s to bid on my behalf in accordance Address: ...... with the terms and conditions printed within the Pattinson Auction catalogue and I understand that should my bid ...... be successful I will be bound by those terms. Under the ...... conditional auction I will pay a £3,600 non refundable deposit and exchange contracts within 28 days (if the buyer Post Code: ...... defaults in anyway and the sale fails to complete the buyer will forfeit the reservation fee) and under the unconditional Telephone Number: ...... auction will pay a 10% subject to a minimum of £3,600 Business Number: ...... deposit and exchange contracts on the night of the auction. By signing this form I confirm I have read and understood Mobile Number: ...... the contents of the legal pack and agree to any special conditions within the pack. Solicitors Name: ......
Date of auction: ...... Lot Number: ...... Solicitors Address: ...... The property is offered in the: ...... Conditional Auction: Unconditional Auction: ...... Address Of Lot: ...... Post Code: ...... Phone Number ...... Signed: ...... Post Code: ...... by the buyer on his/her behalf and on behalf of any principle mentioned above. Please only sign the above if you have read and fully understand this agreement, and have been left a copy of this agreement. In compliance with Anti Money Maximum Bid: £ ...... Laundering Regulations an Equifax search will be carried out to verify your identity and proof of residency. This does not affect your credit file. Maximum Bid in Words: ...... Date: ......
If successful and paying by credit or debit card the buyer must be contactable on the night of the auction with sufficient funds available in the account. Alternatively Bidding via a Partner Agent?: ...... Yes: No: cleared funds may be banked with Keith Pattinson prior to the auction which would be refunded the day after the Name of Partner Agent: ...... auction if unsuccessful. I also authorize the payment of ...... an administration fee of £650 plus VAT at the current rate payable to Keith Pattinson...... Card Details: Card Number: ...... Cardholder Name: ...... Start Date: ...... Expiry Date: ...... Card Issuer: Visa: Mastercard: Maestro: Issue Number*: ...... Security Code: ...... Switch: Visa Delta: Solo: TO BE SHREDDED AFTER USE Credit Card payments are subject to a surcharge of 3% of the total amount payable. American Express is not accepted. * Switch and Solo Only
To see how we can help you buy, sell and move call our property specialists Fairway House, 2 Hills Street, Gateshead, NE8 2AS . 0191 2069335 . pattinsonauctions.co.uk . VAT Reg. No. 455054653 on 0191 206 9335 or visit www.pattinsonauctions.co.uk Let’s talk property
Pattinson Auction | 43 North East Auction Tuesday 30th May 2017
General Conditions Of Sale
GLOSSARY the seller and buyer or This glossary applies to the auction conduct conditions and (b) if contracts are exchanged, the date of exchange. If the sale conditions. exchange is not effected in person or by an irrevocable Wherever it makes sense agreement to exchange made by telephone, fax or electronic • Singular words can be read as plurals, and plurals as singular mail the date of exchange is the date on which both parts have words been signed and posted or otherwise placed beyond normal • A ‘person’ includes a corporate body retrieval. • Words of one gender include the other genders • references to legislation are to that legislation as it may have Documents documents of title (including, if title is been modified or re-enacted by the date of the auction or registered, the entries on the register and the title plan) the contract date (as applicable) and other documents listed or referred to in the special • Where the following words appear in bold they have specific conditions relating to the lot meanings: Financial charge a charge to secure a loan or other financial Actual completion date the date when completion takes indebtness (not including a rent charge). place or is treated as taking place for the purposes of General conditions that part of the sale conditions so apportionment and calculating interest headed, including any extra general conditions. Addendum an amendment or addition to the conditions or to Interest rate if not specified in the special conditions, the particulars or to both whether contained in a supplement to 4% above the base rate from time to time of Barclays Bank the catalogue, a written notice from the auctioneers or an oral plc. (The interest rate will also apply to judgment debts, if announcement at the auction applicable) Administration Fee means the sum of £780 including VAT. Lot each separate property described in the catalogue or (as Agreed completion date subject to condition G9.3: the case may be) the property that the seller has agreed to sell (a) the date specified in the special conditions, or and the buyer to buy (including chattels, if any). (b) if no date is specified, 20 business days after the contract Old arrears Arrears due under any of the tenancies that are date not ‘new tenancies ’as defined by the Landlord and Tenant but if that date is not a business day the first (Covenants) Act 1995 subsequent business day Particulars the section of the catalogue that contains Approved financial institution any bank or building society descriptions of each lot (as varied by any addendum). that has signed up to the Banking Code or Business Banking Practitioner an insolvency practitioner for the purposes of the Code or is otherwise acceptable to the auctioneers. Insolvency Act 1986 (or in relation to jurisdictions outside the Arrears arrears of rent and other sums due under United Kingdom, any similar official). the tenancies but unpaid on the actual completion date Price the price that the buyer agrees to pay for the lot Arrears schedule the arrears schedule (if any) forming part of Ready to complete ready, willing and able to complete: the special conditions. if completion would enable the seller to discharge all financial Auction the auction advertised in the catalogue charges secured on the lot that have to be discharged by Auction conduct conditions the conditions so headed, completion, then those outstanding financial charges do not including any extra auction conduct conditions. prevent the seller from being ready to complete Auction Contract: the Contract entered into by the Seller in Sale conditions the general conditions as varied by respect of the Lot any special conditions or addendum. Auctioneers the auctioneers at the auction Sale memorandum the form so headed (whether or not set out Business day any day except (a) a Saturday or Sunday (b) in the catalogue) in which the terms of the contract for the sale a bank holiday in England and Wales or (c) Good Friday or of the lot are recorded Christmas Day. Seller the person selling the lot. If two or more are jointly Buyer the person who agrees to buy the lot or, if applicable, the seller their obligations can be enforced against them jointly that person’s personal representatives: if two or more are jointly or against each of them separately. the buyer their obligations can be enforced against them jointly Special conditions those of the sale conditions so headed that or against each of them separately relate to the lot Catalogue the catalogue to which the conditions refer Tenancies tenancies, leases, licences to occupy and including any supplement to it agreements for lease and any documents varying or Completion unless otherwise agreed between supplemental to them the seller and buyer (or their conveyancer’s) the occasion Tenancy schedule the tenancy schedule (if any) forming part of when both buyer and seller have complied with their the special conditions obligations under the contract and the balance of the price is Transfer includes a conveyance or assignment (and “to unconditionally received in the seller’s conveyancer’s client transfer” includes “to convey” or “to assign”) account. TUPE the Transfer of Undertakings (Protection of Employment) Condition one of the auction conduct conditions or sales Regulations 2006 conditions. VAT value Added Tax or other tax of a similar nature Contract the contract by which the seller agrees to sell and VAT option an option to tax the buyer agrees to buy the lot We (and us and our) the auctioneers Contract date the date of the auction or, if the lot is not sold at You (and your) someone who has a copy of the catalogue or the auction: who attends or bids at the auction, whether or not a buyer (a) the date of the sale memorandum signed by both
44 | Pattinson Auction AUCTION CONDUCT CONDITIONS A4.2 If the special conditions do not contain a description of the lot or simply refer to the relevant lot number, you take A1 Introduction the risk that the description contained in the particulars is A1.1 Words in bold type have special meanings, which are incomplete or inaccurate, as the particulars have not been defined in the Glossary. prepared by a conveyancer and are not intended to form part of A1.2 The catalogue is issued only on the basis that you accept a legal contract. these auction conditions. They govern our relationship A4.3 The particulars and sale conditions may change prior to with you and cannot be disapplied or varied by the sale the auction and it is your responsibility to check that you have conditions (even by a condition purporting to replace the whole the correct versions. of the Common Auction Conditions). They can only be varied A4.4 If we provide information or a copy of a document if we agree. provided by others we do so only on the basis that we are not responsible for the accuracy of that information or document. A2 Our role A2.1 As agents for each seller we have authority to: A5 The contract (a) Prepare the catalogue from information supplied by or on A5.1 A successful bid is one we accept as such (normally behalf of each seller on the fall of the hammer). This condition A5 applies (b) Offer each lot for sale; to you if you make the successful bid for a lot. (c) Sell each lot; A5.2 You are obliged to buy the lot on the terms of the (d) Receive and hold deposits; sale memorandum at the price you bid plus VAT (if applicable). (e) Sign each sale memorandum; and A5.3 You must before leaving the auction: (f) Treat a contract as repudiated if the buyer fails to sign a sale (a) provide all information we reasonably need from you to memorandum or pay a deposit as required by these auction enable us to complete the sale memorandum (including proof conduct conditions. of your identity if required by us); A2.2 Our decision on the conduct of the auction is final. (b) sign the completed sale memorandum; and A2.3 We may cancel the auction, or alter the order in (c) pay the deposit which lots are offered for sale. We may also combine or divide A5.4 If you do not we may either: lots. A lot may be sold or withdrawn from sale prior to the (a) as agent for the seller treat that failure as your repudiation auction. of the contract and offer the lot for sale again: the seller may A2.4 You acknowledge that to the extent permitted by then have a claim against you for breach of contract; or law we owe you no duty of care and you have no claim (b) sign the sale memorandum on your behalf against us for any loss. A5.5 The deposit: (a) is to be held as stakeholder where VAT would be chargeable A3 Bidding and reserve prices on the deposit were it to be held as agent for the seller ; but A3.1 All bids are to made in pounds sterling exclusive of any otherwise to be held as stated in the sale conditions; and applicable VAT (b) must be paid in pounds sterling by cheque or by bankers’ A3.2 We may refuse to accept a bid. We do not have to explain draft made payable to us on an approved financial institution. why. The extra auction conduct conditions may state if we accept A3.3 If there is a dispute over bidding we are entitled to resolve any other form of payment. it, and our decision is final. A5.6 We may retain the sale memorandum signed by or A3.4 Unless stated otherwise each lot is subject to a reserve on behalf of the seller until the deposit has been received in price (which may be fixed just before the lot is offered for sale). cleared funds. If no bid equals or exceeds that reserve price the lot will be A5.7 If the buyer does not comply with its obligations under withdrawn from the auction. the contract then: A3.5 Where there is a reserve price the seller may bid (or ask (a) You are personally liable to buy the lot even if you are acting us or another agent to bid on the seller’s behalf) up to the as an agent; and reserve price but may not make a bid equal to or exceeding the (b) You must indemnify the seller in respect of any loss reserve price. You accept that it is possible that all bids up to the seller incurs as a result of the buyers default the reserve price are bids made by or on behalf of the seller. A5.8 Where the buyer is a company you warrant that A3.6 Where a guide price (or range of prices) is given that guide the buyer is properly constituted and able to buy the lot is the minimum price at which, or range of prices within which the seller might be prepared to sell at the date of the guide A6 Extra Auction Conduct Conditions price. But guide prices may change. The last published guide A6.1 Despite any special conditions to the contrary the price will normally be at or above any reserve price, but not minimum deposit we accept is £3,000 (or the total price, if less). always – as the seller may fix the final reserve price just before A special condition may, however, require a higher minimum bidding commences. deposit. A6.2 The Important Buyers Information at the front of A4 The particulars and other information the catalogue forms part of the Extra Auction Conduct A4.1 We have taken reasonable care to Conditions. prepare particulars that correctly describe each lot. However the particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars are correct.
Pattinson Auction | 45 North East Auction Tuesday 30th May 2017
General Conditions Of Sale
GENERAL CONDITIONS OF SALE G2.Deposit Words in bold type have special meanings, which are defined in G2.1 The amount of the deposit is the greater of: the Glossary (a) any minimum deposit stated in the auction conduct conditions (or the total price, if this is less than that minimum), The general conditions (including any extra general conditions) and apply to the contract except to the extent that they are varied by (b) 10% of the price (exclusive of VAT on the price) special conditions or by an addendum. G2.2 The deposit: (a) must be paid in pounds sterling by cheque or banker’s draft G1. The lot drawn on an approved financial institution (or by any other G1.1 The lot (including any rights to be granted or reserved and means of payment that the auctioneers may accept); and any exclusions from it) is described in the special conditions or if (b) is to be held as stakeholder unless the auction conduct not so described the lot is that referred to in the sale conditions provide that it is to be held as agent for the seller. memorandum. G2.3 Where the auctioneers hold the deposit as stakeholder G1.2 The lot is sold subject to any tenancies, disclosed by the they are authorised to release it (and any interest on it if special conditions, but otherwise with vacant possession on applicable) to the seller on completion or, if completion does not completion take place, to the person entitled to it under the sale conditions. G1.3 The lot is sold subject to all matters contained or referred G2.4 If a cheque for all or part of the deposit is not cleared on to in the documents but excluding any financial charges: these the first presentation the seller may treat the contract as at an the seller must discharge on or before completion. end and bring a claim against the buyer for breach of contract. G1.4 The lot is sold subject to such of the following as may G2.5 Interest earned on the deposit belongs to the seller unless affect it, whether they arise before or after the contract date and the sale conditions provide otherwise. whether or not they are disclosed by the seller or are apparent from inspection of the lot or from the documents : G3. Between contract and completion (a) matters registered or capable of registration as local land G3.1 Unless the special conditions state otherwise, the seller is charges to insure the lot from and including the contract date to (b) matters registered or capable of registration by any completion and: competent authority or under the provisions of any statute; (a) produce to the buyer on request all relevant insurance (c) notices, orders, demands, proposals and requirements of details; any competent authority; (b) pay the premiums when due; (d) charges, notices, orders, restrictions, agreements and other (c) if the buyer so requests and pays any additional premium, matters relating to town and country planning, highways or use reasonable endeavors to increase the sum insured or make public health; other changes to the policy (e) rights, easements, quasi-easements and wayleaves; (d) at the request of the buyer, use reasonable endeavors to (f) outgoings and other liabilities; have the buyer’s interest noted on the policy if it does not cover (g) any interest which overrides, within the meaning of the Land a contracting purchaser Registration Act 2002; (e) unless otherwise agreed, cancel the insurance at (h) matters that ought to be disclosed by the searches and completion, apply for a refund of premium and (subject to the enquiries a prudent buyer would make, whether or not the buyer rights of any tenant or other third party) pay that refund to the has made them; buyer; and (i) anything the seller does not and could not reasonably know (f) (subject to the rights of any tenant or other third party) hold about on trust for the buyer any insurance payments that the seller G1.5 Where anything subject to which the lot is sold would receives in respect of loss or damage arising after the contract expose the seller to liability the buyer is to comply with it and date or assign to the buyer the benefit of any claim; indemnify the seller against that liability. and the buyer must on completion re-imburse to the seller the G1.6 The seller must notify the buyer of any notices, orders, cost of that insurance (to the extent not already paid by the demands, proposals and requirements of any competent buyer or a tenant or other third party) for the period from and authority of which it learns after the contract date but the buyer including the contract date to completion. is to comply with them and keep the seller indemnified G3.2 No damage to or destruction of the lot nor any G1.7 The lot does not include any tenants or trade fixtures or deterioration in its condition however caused, entitles the buyer fittings. to any reduction in price or to delay completion, or to refuse to G1.8 Where chattels are included in the lot the buyer takes complete. them as they are at completion and the seller is not liable if they G3.3 Section 47 of the Law of Property Act 1925 does not apply. are not fit for use. G3.5 Unless the buyer is already lawfully in occupation of the lot G1.9 The buyer buys with full knowledge of: the buyer has no right to enter into occupation prior to (a) the documents whether or not the buyer has read them completion. (b) the physical condition of the lot and what could reasonably be discovered on inspection of it, whether or not the buyer has G4. Title and identity inspected it. G4.1 Unless condition G4.2 applies, the buyer accepts the title G1.10 The buyer is not to rely on the information contained in of the seller to the lot as at the contract date and may raise no the particulars but may rely on the seller’s conveyancers written requisition or objection except in relation to any matter that replies to preliminary enquiries to the extent stated in those occurs after the contract date. replies. G4.2 If any of the documents is not made available before the auction the following provisions apply;
46 | Pattinson Auction (a) the buyer may raise no requisition on or objections to any of liability. the documents that is made available before the auction. G5.3 The seller cannot be required to transfer the lot to anyone (b) if the lot is registered land the seller is to give to the buyer other than the buyer, or by more than one transfer. within five business days of the contract date an official copy of the entries on the register and title plan and where noted on the G6. Completion register of all documents subject to which the lot is being sold. G6.1 Completion is to take place at the offices of the seller’s (c) if the lot is not registered land the seller is to give to the conveyancer, or where the seller may reasonably require, on the buyer within five business days an abstract or epitome of title agreed completion date. The seller can only be required to starting from the root of title mentioned in the special conditions complete on a business day and between the hours of 0930 and (or, if none is mentioned, a good root of title more than 15 years 1700. old) and must produce to the buyer the original or an examined G6.2 The amount payable on completion is the balance of the copy of every relevant document. price adjusted to take account of apportionments plus (if (d) if title is in the course of registration, title is to consist of applicable) VAT and interest. certified copies of G6.3 Payment is to be made in pounds sterling and only by: (i) the application for registration of title made to the Land (a) direct transfer to the seller’s conveyancer’s client account Registry; and (ii) the documents accompanying that application; (b) the release of any deposit held by a stakeholder. (iii) evidence that all applicable stamp duty land tax relating to G6.4 Unless the seller and the buyer otherwise agree, that application has been paid; and completion cannot take place until both have complied with their (iv) a letter under which the seller or it’s conveyancer agrees to obligations under the contract and the balance of the price is use all reasonable endeavors to answer any requisitions raised unconditionally received in the seller’s conveyancer’s client by the land registry and to instruct the land registry to send the account. completed buyers registration documents to the buyer. G6.5 If completion takes place after 1400 hours for a reason (e) The buyer has no right to object to or make requisitions on other than the seller’s default it is to be treated, for the purposes any title information more than seven business days after that of apportionment and calculating interest, as if it had taken information has been given to the buyer. place on the next business day. G4.3 Unless otherwise stated in the special conditions the seller G6.6 Where applicable the contract remains in force following sells with full title guarantee except that (and the transfer shall completion. so provide): (a) the covenant set out in section 3 of the Law of Property G7. Notice to complete (Miscellaneous Provisions) Act 1994 shall not extend to matters G7.1 The seller or the buyer may on or after the agreed recorded in registers open to public inspection; these are to be completion date but before completion give the other notice to treated as within the actual knowledge of the buyer; and complete within 10 business days (excluding the date on which (b) the covenant set out in section 4 of the Law of Property the notice is given) making time of the essence. (Miscellaneous Provisions) Act 1994 shall not extend to any G7.2 The person giving the notice must be ready to complete. condition or tenants obligation relating to the state or condition G7.3 If the buyer fails to comply with a notice to complete the of the lot where the lot is leasehold property. seller may, without affecting any other remedy the seller has, G4.4 The transfer is to have effect as if expressly subject to all (a) terminate the contract matters to which the lot is sold under the contract. (b) claim the deposit and any interest on it if held by a G4.5 The seller does not have to produce, nor may the buyer stakeholder object to or make a requisition in relation to, any prior or (c) forfeit the deposit and any interest on it superior title even if it is referred to in the documents. (d) resell the lot and G4.6 The seller (and if relevant, the buyer) must produce to (e) claim damages from the buyer. each other such confirmation of, or evidence of, their identity G7.4 If the seller fails to comply with a notice to complete the and that of their mortgagees and attorneys (if any) as is buyer may, without affecting any other remedy the buyer has, necessary for the other to be able to comply with applicable (a) terminate the contract and Land Registry Rules when making application for registration of (b) recover the deposit and any interest on it from the seller or, if the transaction to which the conditions apply. applicable, a stakeholder.
G5. Transfer G5.1 Unless a form of transfer is prescribed by the special G8. If the contract is brought to an end conditions; If the contract is lawfully brought to an end: (a) the buyer must supply a draft transfer to the seller at least (a) the buyer must return all papers to the seller and appoints ten business days before the agreed completion date and the the seller its agent to cancel any registration of the contract; and engrossment (signed as a deed by the buyer if condition 5.2 (b) the seller must return the deposit and any interest on it to applies) five business days before that date or (if later) two the buyer (and the buyer may claim it from the stakeholder, business days after the draft has been approved by the seller; if applicable) unless the seller is entitled to forfeit the deposit and under condition G7.3. (b) the seller must approve or revise the draft transfer within five G9. Landlord’s licence business days of receiving it from the buyer. G9.1 Where the lot is or includes leasehold land and licence to G5.2 If the seller remains liable in any respect in relation to the assign is required this condition G9 applies. lot (or a tenancy) following completion the buyer is specifically G9.2 The contract is conditional on that licence being obtained, to covenant in the transfer to indemnify the seller against that by way of formal licence if that is what the landlord lawfully
Pattinson Auction | 47 North East Auction Tuesday 30th May 2017
General Conditions Of Sale
requires. arrears of current rent. G9.3 The agreed completion date is to be not earlier than the date five business days after the seller has given notice to the Part 2 Buyer to pay for arrears buyer that the licence has been obtained. G11.4 Part 2 of this condition G11 applies where the special G9.4 The seller must: conditions give details of arrears. (a) use all reasonable endeavours to obtain the licence at the G11.5 The buyer is on completion to pay, in addition to any seller’s expense; and other money then due, an amount equal to all arrears of which (b) enter into any authorised guarantee agreement properly details are set out in the special conditions. required. G11.6 If those arrears are not old arrears the seller is to assign G9.5 The buyer must: to the buyer all rights that the seller has to recover those (a) promptly provide references and other relevant information; arrears. and (b) comply with the landlord’s lawful requirements Part 3 Buyer not to pay for arrears G9.6 If within three months of the contract date (or such longer G11.7 Part 3 of this condition G11 applies where the special period as the seller and buyer agree) the licence has not been conditions: obtained the seller or the buyer may (if not then in breach of any (a) so state; or obligation under this condition G9) by notice to the other (b) give no details of any arrears. terminate the contract at any time before licence is obtained. G11.8 While any arrears due to the seller remain unpaid the That termination is without prejudice to the claims of either seller buyer must: or buyer for breach of this condition G9. (a) try to collect them in the ordinary course of management but need not take legal proceedings or forfeit the tenancy. G10. Interest and apportionments (b) pay them to the seller within five business days of receipt in G10.1 If the actual completion date is after the agreed cleared funds (plus interest at the interest rate calculated on a completion date for any reason other than the seller ’s default daily basis for each subsequent day’s delay in payment); the buyer must pay interest at the interest rate on the price (less (c) on request, at the cost of the seller, assign to the seller or as any deposit paid) from the agreed completion date up to and the seller may direct the right to demand and sue for old arrears, including the actual completion date. such assignment to be in such form as the seller’s conveyancer G10.2 Subject to condition G11, the seller is not obliged to may reasonably require apportion or account for any sum at completion unless the seller (d) if reasonably required, allow the seller’s conveyancer to has received that sum in cleared funds. The seller must pay to have on loan the counterpart of any tenancy against an the buyer after completion any sum to which the buyer is undertaking to hold it to the buyer’s order entitled that the seller subsequently receives in cleared funds. (e) not without the consent of the seller release any tenant or G10.3 Income and outgoings are to be apportioned at actual surety from liability to pay arrears or accept a surrender of or completion date unless: forfeit any tenancy under which arrears are due; and (a) the buyer is liable to pay interest and (f) if the buyer disposes of the lot prior to recovery of all arrears (b) the seller has given notice to the buyer at any time up to obtain from the buyer’s successor in title a covenant in favour of completion requiring apportionment on the date from which the seller in similar form to this condition G11. interest becomes payable by the buyer. G11.9 Where the seller has the right to recover arrears it must In which event income and outgoings are to be apportioned on not without the buyer’s written consent bring insolvency the date from which interest becomes payable by the buyer. proceedings against a tenant or seek the removal of goods from G10.4 Apportionments are to be calculated on the basis that: the lot. (a) the seller receives income and is liable for outgoings for the whole of the day on which apportionment is to be made G12. Management (b) annual income and expenditure accrues at an equal daily G12.1 This condition G12 applies where the lot is sold subject to rate assuming 365 days in a year and income and expenditure tenancies. relating to some other period accrues at an equal daily rate G12.2 The seller is to manage the lot in accordance with its during the period to which it relates standard management policies pending completion. (c) where the amount to be apportioned is not known at G12.3 The seller must consult the buyer on all management completion apportionment is to be made by reference to a issues that would affect the buyer after completion, (such as but reasonable estimate and further payment is to be made by not limited to an, application for licence; a rent review; a seller or buyer as appropriate within five business days of the variation, surrender, agreement to surrender or proposed date when the amount is known. forfeiture of a tenancy; or a new tenancy or agreement to grant a new tenancy) and: G11. Arrears (a) the seller must comply with the buyer’s reasonable Part 1 Current Rent requirements unless to do so would (but for the indemnity in G11.1 “Current Rent” means, in respect of each of the tenancies paragraph (c)) expose the seller to a liability that the seller subject to which the lot is sold, the installment of rent and other would not otherwise have, in which case the seller may act sums payable by the tenant in advance on the most recent rent reasonably in such a way as to avoid that liability; payment date on or within four months preceding completion. (b) if the seller gives the buyer notice of the seller ‘s intended G11.2 If on completion there are any arrears of current rent the act and the buyer does not object within five business days buyer must pay them, whether or not details of those arrears are giving reasons for the objection the seller may act as the seller given in the special conditions. intends; and G11.3 Parts 2 and 3 of this condition G11 do not apply to (c) the buyer is to indemnify the seller against all loss or liability
48 | Pattinson Auction the seller incurs through acting as the buyer requires, or by continuing business as a going concern subject to and with the reason of delay caused by the buyer. benefit of the tenancies, and (b) collect the rents payable under the tenancies, and charge G13. Rent deposits VAT on them G13.1 This condition G13 applies where the seller is holding or G15.6 If, after completion, it is found that the sale of the lot is otherwise entitled to money by way of rent deposit in respect of not a transfer of a going concern then: a tenancy. In this condition G13 ‘rent deposit deed ’means the (a) the seller’s conveyancer is to notify the buyer’s conveyancer deed or other document under which the rent deposit is held. of that finding and provide a VAT invoice in respect of the sale of G13.2 If the rent deposit is not assignable the seller must on the lot; completion hold the rent deposit on trust for the buyer and, (b) the buyer must within five business days of receipt of the subject to the terms of the rent deposit deed, comply at the cost VAT invoice pay to the seller the VAT due; and of the buyer with the buyer ’s lawful instructions. (c) if VAT is payable because the buyer has not complied with G13.3 Otherwise the seller must on completion pay and assign this condition G15, the buyer must pay and indemnify the seller its interest in the rent deposit to the buyer under an assignment against all costs, interest, penalties or surcharges that the seller in which the buyer covenants with the seller to: incurs as a result. (a) observe and perform the seller’s covenants and conditions in the rent deposit deed and indemnify the seller in respect of any G16. Capital allowances breach; G16.1 This condition G16 applies where the special conditions (b) give notice of assignment to the tenant; and state that there are capital allowances available in respect of the (c) give such direct covenant to the tenant as may be required lot. by the rent deposit deed. G16.2 The seller is promptly to supply to the buyer all G14. VAT information reasonably required by the buyer in connection with G14.1 Where a sale condition requires money to be paid the the buyer’s claim for capital allowances. payer must also pay any VAT that is chargeable on that money, G16.3 The value to be attributed to those items on which capital but only if given a valid VAT invoice. allowances may be claimed is set out in the special conditions. G14.2 Where the special conditions state that no VAT option G16.4 The seller and buyer agree: has been made the seller confirms that none has been made by (a) to make an election on completion under Section 198 of the it or by any company in the same VAT group nor will be prior to Capital Allowances Act 2001 to give effect to this condition G16, completion. and (b) to submit the value specified in the special conditions to HM G15. Transfer as a going concern Revenue and Customs for the purposes of their respective G15.1 Where the special conditions so state: capital allowance computations. (a) the seller and the buyer intend, and will take all practical steps (short of an appeal) to procure, that the sale to be treated G17. Maintenance agreements as a transfer of a going concern; and G17.1 The seller agrees to use reasonable endeavours to (b) this condition G15 applies. transfer to the buyer, at the buyer’s cost, the benefit of the G15.2 The seller confirms that the seller maintenance agreements specified in the special conditions. (a) is registered for VAT, either in the seller’s name or as a G17.2 The buyer must assume, and indemnify the seller in member of the same VAT group; and respect of, all liability under such contracts from the actual (b) has (unless the sale is a standard-rated supply) made in completion date. relation to the lot a VAT option that remains valid and will not be revoked before completion. G18. Landlord and Tenant Act 1987 G15.3 The buyer confirms that: G18.1 This condition G18 applies where the sale is a relevant (a) it is registered for VAT, either in the buyer’s name or as a disposal for the purposes of part I of the Landlord and Tenant member of a VAT group Act 1987. (b) it has made, or will make before completion, a VAT option in G18.2 The seller warrants that the seller has complied with relation to the lot and will not revoke it before or within three sections 5B and 7 of that Act and that the requisite majority of months after completion; qualifying tenants has not accepted the offer. (c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and G19. Sale by practitioner (d) it is not buying the lot as a nominee for another person. G19.1 This condition G19 applies where the sale is by a G15.4 The buyer must give to the seller as early as possible practitioner either as a seller or as agent of the seller. before the agreed completion date evidence: G19.2 The practitioner has been duly appointed and is (a) of the buyer’s VAT registration empowered to sell the lot. (b) that the buyer has made a VAT option G19.3 Neither the practitioner nor the firm or any member of the (c) that a VAT option has been notified in writing to HM Revenue firm to which the practitioner belongs has any personal liability and Customs in connection with the sale or the performance of the seller’s And if it does not produce the relevant evidence at least two obligations. The transfer is to include a declaration excluding business days before the agreed completion date, condition that personal liability. G14.1 applies at completion. G19.4 The lot is sold: G15.5 The buyer confirms that after completion the buyer (a) in its condition at completion intends to: (b) for such title as the seller may have and (a) retain and manage the lot for the buyer’s own benefit as a (c) with no title guarantee;
Pattinson Auction | 49 North East Auction Tuesday 30th May 2017
General Conditions Of Sale
and the buyer has no right to rescind the contract or any other (a) payments on account (whether received or still then due remedy if information provided about the lot is inaccurate, from a tenant) exceed attributable service charge expenditure, incomplete or missing. the seller must pay to the buyer an amount equal to the excess G19.5 Where relevant: when it provides the service charge account; (a) the documents must include certified copies of those under (b) attributable service charge expenditure exceeds payments which the practitioner is appointed, the document of on account (whether those payments have been received or are appointment and the practitioner’s acceptance of appointment; still then due), the buyer must use all reasonable endeavours to and recover the shortfall from the tenant at the next service charge (b) the seller may require the transfer to be by the lender reconciliation date and pay the amount so recovered to the exercising its power of sale under the Law of Property Act 1925. seller within five business days of receipt in cleared funds; G19.6 The buyer understands this condition G19 and agrees but in respect of payments on account that are still due from a that it is fair in the circumstances of a sale by a practitioner. tenant condition G11 (arrears) applies. G22.5 In respect of service charge expenditure that is not G20. TUPE attributable to any tenancy the seller must pay the expenditure G20.1 Unless the special conditions state “There are no incurred in respect of the period before actual completion date employees to which TUPE applies”, this is a warranty by the and the buyer must pay the expenditure incurred in respect of seller to this effect. the period after actual completion date. Any necessary G20.2 If the special conditions do not state “There are no monetary adjustment is to be made within five business days of employees to which TUPE applies” the following paragraphs the seller providing the service charge account to the buyer. apply: G22.6 If the seller holds any reserve or sinking fund on account (a) the seller must notify the buyer of those employees whose of future service charge expenditure or a depreciation fund: contracts of employment will transfer to the buyer on completion (a) the seller must pay it (including any interest earned on it) to (the “Transferring Employees”). This notification must be given the buyer on completion; and to the buyer not less than 14 days before completion (b) the buyer must covenant with the seller to hold it in (b) The buyer confirms that it will comply with its obligations accordance with the terms of the tenancies and to indemnify the under TUPE and any special conditions in respect of the seller if it does not do so. Transferring Employees. (c) The buyer and the seller acknowledge that pursuant and G23. Rent reviews subject to TUPE, the contracts of employment between the G23.1 This condition G23 applies where the lot is sold subject to Transferring Employees and the seller will transfer to the buyer a tenancy under which a rent review due on or before the actual on completion completion date has not been agreed or determined. (d) the buyer is to keep the seller indemnified against all liability G23.2 The seller may continue negotiations or rent review for the Transferring Employees after completion. proceedings up to the actual completion date but may not agree the level of the revised rent or commence rent review G21. Environmental proceedings without the written consent of the buyer, such G21.1 This condition G21 only applies where the special consent not to be unreasonably withheld or delayed. conditions so provide. G23.3 Following completion the buyer must complete rent G21.2 The seller has made available such reports as the seller review negotiations or proceedings as soon as reasonably has as to the environmental condition of the lot and has given practicable but may not agree the level of the revised rent the buyer the opportunity to carry out investigations (whether or without the written consent of the seller, such consent not to be not the buyer has read those reports or carried out any unreasonably withheld or delayed. investigation) and the buyer admits that the price takes into G23.4 The seller must promptly: account the environmental condition of the lot. (a) give to the buyer full details of all rent review negotiations G21.3 The buyer agrees to indemnify the seller in respect of all and proceedings, including copies of all correspondence and liability for or resulting from the environmental condition of the other papers; and lot. (b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings. G22. Service charge G23.5 The seller and the buyer are to keep each other informed G22.1 This condition G22 applies where the lot is sold subject to of the progress of the rent review and have regard to any tenancies that include service charge provisions. proposals the other makes in relation to it. G22.2 No apportionment is to be made at completion in respect G23.6 When the rent review has been agreed or determined the of service charges. buyer must account to the seller for any increased rent and G22.3 Within two months after completion the seller must interest recovered from the tenant which relates to the seller’s provide to the buyer a detailed service charge account for the period of ownership within five business days of receipt of service charge year current on completion showing: cleared funds. (a) service charge expenditure attributable to each tenancy; G23.7 If a rent review is agreed or determined before (b) payments on account of service charge received from each completion but the increased rent and any interest recoverable tenant; from the tenant has not been received by completion the (c) any amounts due from a tenant that have not been received; increased rent and any interest recoverable is to be treated as (d) any service charge expenditure that is not attributable to any arrears. tenancy and is for that reason irrecoverable. G23.8 The seller and the buyer are to bear their own costs in G22.4 In respect of each tenancy, if the service charge account relation to rent review negotiations and proceedings. shows that:
50 | Pattinson Auction G24. Tenancy renewals to such lease showing itself registered as proprietor. G24.1 This condition G24 applies where the tenant under a G27.2 This condition G27.2 applies where the lot comprises part tenancy has the right to remain in occupation under part II of the of a registered title. The buyer must at its own expense and as Landlord and Tenant Act 1954 (as amended) and references to soon as practical; notices and proceedings are to notices and proceedings under (a) apply for registration of the transfer; that Act. (b) provide the seller with an official copy and title plan for the G24.2 Where practicable, without exposing the seller to liability buyers new title; and or penalty, the seller must not without the written consent of the (c) join in any representations the seller may properly make to buyer (which the buyer must not unreasonably withhold or Land Registry relating to the application delay) serve or respond to any notice or begin or continue any proceedings. G28 Notices and other communications G24.3 If the seller receives a notice the seller must send a copy G28.1 All communications, including notices, must be in writing. to the buyer within five business days and act as the buyer Communication to or by the seller or the buyer may be given to reasonably directs in relation to it. or by their conveyancers. G24.4 Following completion the buyer must: G27.2 A communication may be relied on if: (a) with the co-operation of the seller take immediate steps to (a) delivered by hand substitute itself as a party to any proceedings (b) make electronically and personally acknowledged (automatic (b) use all reasonable endeavours to conclude any proceedings acknowledgement does not count); or or negotiations for the renewal of the tenancy and the (c) there is proof that it was sent to the address of the person to determination of any interim rent as soon as reasonably whom it is to be given (as specified in the sale memorandum) practicable at the best rent or rents reasonably obtainable; and by a postal service that offers normally to deliver mail the next (c) if any increased rent is recovered from the tenant (whether following business day. as interim rent or under the renewed tenancy) account to the G28.3 A communication is to be treated as received: seller for the part of that increase that relates to the seller’s (a) when delivered, if delivered by hand; or period of ownership of the lot within five Business days of (b) when personally acknowledged, if made electronically; receipt of cleared funds. but if delivered or made after 1700 hours on a business day a G24.5 The seller and the buyer are to bear their own costs in communication is to be treated as received on the next business relation to the renewal of the tenancy and any proceedings day. relating to this. G28.4 A communication sent by a postal service that offers G25. Warranties normally to deliver mail the next following business day will be G25.1 Available warranties are listed in the special conditions. treated as received on the second business day after it has G25.2 Where a warranty is assignable the seller must: been posted. (a) on completion assign it to the buyer and give notice of assignment to the person who gave the warranty G29. Contracts (Rights of Third Parties) Act 1999 (b) apply for (and the seller and the buyer must use all No one is intended to have any benefit under the contract reasonable endeavors to obtain) any consent to assign that is pursuant to the Contract (Rights of Third Parties) Act 1999. required. If consent has not been obtained by completion the warranty must be assigned within five Business days after the G30 Extra General Conditions consent has been obtained. G25.3 If a warranty is not assignable the seller must after G30.1 The Buyer acknowledges and accepts that an completion: Administration Fee which is payable to us is non-refundable (a) hold the warranty on trust for the buyer; and under any circumstance (b) at the buyer’s cost comply with such of the lawful instructions of the buyer in relation to the warranty as do not place the seller G30.2 Where a deposit is paid to us then we are immediately in breach of its terms or expose the seller to any liability or entitled to satisfy our account. penalty. G30.3. In the event of any conflict between these Conditions G26. No assignment of Sale and the Auction Contract then the Auction Contract will The buyer must not assign, mortgage or otherwise transfer or prevail part with the whole or any part of the buyer’s interest under this contract. These Auction Conditions of Sale are reproduced in full, with the consent of RICS, subject to the following amendments: G27. Registration at the Land Registry 1. The insertion of Administration Fee in the Glossary G27.1 This condition G27.1 applies where the lot is leasehold 2. The insertion of Auction Contract in the Glossary and its sale either triggers first registration or is a registrable 3. The insertion of clauses G30.1, G30.2 and G30.3 disposition. The buyer must as its own expense and as soon as practical: (a) procure that it becomes registered at Land Registry as proprietor of the lot; (b) procure that all rights granted and reserved by the lease under which the lot is held are properly noted against the effected titles; and (c) provide the seller with an official copy of the register relating
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