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Pearsons Property Auction Wednesday 4Th November 2020

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Pearsons Property Auction Wednesday 4Th November 2020 Pearsons Property Auction Wednesday 4th November 2020 Online Auction Commencing at 11am www.pearsonsauctions.com Notes from the Rostrum Due to the current government restrictions we are In the commercial sector we have 2 shops with continuing with the policy of online auctions, which their freeholds on offer in Southsea plus a shop will be our 5th one of the year. They have certainly with flat above in Fareham town centre. In gathered momentum, with listings increasing and a addition there are a selection of houses in the PO/ growing confidence from buyers bidding outside of SO postcodes and a huge detached building in the traditional room setting. Southsea consisting of 5 flats and requiring some The results from September’s catalogue was a updating. fantastic 85% sales ratio with over £2.6 million The final lot is rather unique, comprising a terrace agreed. Hopefully the early activity for this auction of 4 cottages with garden and garages, situated in will show a similar result. the lovely village of Westbourne near Emsworth. So we have 15 Lots on offer, being arranged in After today there is our final auction of 2020 on price order, which will mean we commence with Wednesday 16th December, so please let us the Old Pump House in Stockbridge. The Freehold know if you are considering selling and either Gary Interest in Southsea has a reduced Guide price of or I will pop along for a chat. £30,000, making it a more attractive investment and Stay safe. then there is a perfect buy to let flat in Fareham at £75,000. Steve Sprake FNAEA, Auctioneer SOLD SOLD SOLD SOLD SOLD SOLD Pearsons Public Property Auction Wednesday 4th November 2020 Contents 04 Important Notice to Prospective Buyers 05 Lot 1 The Pump House, Cow Drove Hill, Stockbridge, Hampshire SO20 6JH 06 Lot 2 The Freehold Interest of 10 & 12 Bruce Road, Southsea, PO4 9RL 07 Lot 3 14 Swancote, Fareham, Hampshire PO16 8AX 08 Lot 4 58 Fawcett Road, Southsea PO4 0DN 09 Lot 5 79 Fawcett Road, Southsea PO4 0DB 10 Lot 6 Flat 5, 10 North End Avenue, Portsmouth, Hampshire PO2 9EB 11 Lot 7 25 Swarraton Road, Havant, Hampshire PO9 2HH 12 Lot 8 72 Manor Road, Portsmouth, Hampshire PO1 5LD 13 Lot 9 47 Belvoir Close, Fareham, Hampshire PO16 0PJ 14 Lot 10 23 & 23A Trinity Street, Fareham, Hampshire PO16 7SD 15 Lot 11 39 Cromwell Road, Southampton, Hampshire SO15 2JE 16 Lot 12 4 Five Heads Road, Horndean, Waterlooville, Hampshire PO8 9NW 17 Lot 13 92 Waverley Road, Southsea PO5 2PS 18 Lot 14 10 St Ronans Road, Southsea, Hampshire PO4 0PT 19 Lot 15 6-9 River Street, Westbourne, Emsworth, PO10 8TG 20 Buyers Information 21 Sale Memorandum 22 Proxy/Telephone Bidding Facility 23 Terms and Conditions to Bid by Proxy/Telephone 24 Common Conditions of Sale Important notice to prospective buyers to 1. Particulars of Sale 6. Sale of Property uyers B 1.1 Prospective Buyers are advised to check the Particulars of any 6.1 Buyers should note that a legally enforceable Contract of Sale of the otice property to ensure that they are satisfied as to the accuracy of all relevant property arises as soon as it has been “knocked down” to the N measurements, areas, details of leases and all other matters subject Buyer at the Auction. to which the property is sold or has the benefit of. This should be done by making an inspection of the property and by making all 6.2 The bidder must then complete and sign the Memorandum of Sale and necessary enquiries with the auctioneers and vendor’s legal advisors. pay the required deposit. In default of such being provided at once The Prospective Buyer should also make all necessary searches Pearsons will be entitled to re-submit the property for sale and may and enquiries of appropriate authorities including local authorities. treat the Buyer as being in breach of Contract. Such action will be rospective P All measurements and areas referred to in the Particulars are taken without prejudice to any claim there may be against the Buyer mportant I approximately only. for breach of Contract. 1.2 No warranty is given as to the accuracy of any photographs and plans 6.3 Before the end of the Auction, the successful bidder should arrange in the catalogue relating to the particular property to be offered for for a part of the Sale Memorandum to be signed by or on behalf sale. They are provided to assist only in the location of the property. of the Buyer. Unless the Seller agrees otherwise the property will They should not be deemed to show the extent of the said property. only be transferred to the Buyer named in the Buyer’s Slip and Sale 4 Memorandum or Contract completed by the successful bidder. 1.3 Prospective Buyers shall be deemed to have inspected the relevant Specific Buyers must be named. Properties cannot be transferred to property and to have made all necessary and appropriate enquiries an un-named “nominee” or “agent”. and searches. 6.4 Unless otherwise stated in the Conditions of Sale, the property will 2. Inspection be at the Buyer’s risk on being sold at the Auction. The Buyer should Inspection of properties can only be made by prior arrangement and make his own arrangement for insurance immediately. with the consents of Pearsons. Pearsons should be approached to make the appropriate arrangements. 7. Deposit 7.1 The Buyer must provide a deposit cheque of 10% of the Purchase 3. Structure & Contamination Price subject to a minimum of £3,000 per lot on the relevant property 3.1 Prospective Buyers are strongly advised to consult their professional being “knocked down”. Cash deposits are not acceptable. advisers in respect of the structure and possible contamination or pollution of any property to be sold. If necessary a full structural and 7.2 The deposit must be paid when the Memorandum of Sale is environmental survey should be carried out by a professional qualified completed. person. 7.3 A separate deposit will be requested in respect of each lot purchased 3.2 No representation, warranty or undertaking whatsoever is made or made payable to Pearsons Southern Ltd. intended to be made in respect to: a) The state of the structure of any property or condition, any fixtures 7.4 Unless otherwise specified, cheques will be accepted. Cheques must fittings equipment or other items expressed to be included in the sale be drawn on a bank or branch of a bank in the United Kingdom. Any of any property. other cheques may be rejected. b) The type of structure or whether such structure in adequate or properly constructed or otherwise whatsoever in relation to the 8. Proof of Identification state of repair of suitability of such structure or the fixtures fittings or Please note it is a obligation under the Money Laundering Regulations 2007 other equipment thereon. that you provide one form of identification from each of the categories c) Whether or not there is any contamination or pollution in relation to listed below: the property to be sold or any other property in the neighbourhood d) Whether or not it complies with planning and building regulations Category A (To confirm personal identity) or any legislation relating to the environment or contamination, Current Signed Passport pollution or dangerous or potentially dangerous substances. Current UK Photo Driving Licence National Identity Card/Passport (overseas client) 4. Conditions of Sale UK Armed Services ID Card 4.1 The attention of Prospective Buyers is drawn to the Conditions of Police/Other Government department ID Card Sale relating to any property to be sold. Buyers should note that the Firearms Certificate (from Chief Constable) Conditions of Sale relating to a particular property may be obtained Category B (To confirm address) from Pearsons or the Vendor’s legal advisers. Recent Utility Bill (no older than 3 months) 4.2 Prospective Buyers should note that there may be additions or Bank/Building Society/National Savings Statement amendments to the Particulars or Conditions of Sale. An Addendum Local Authority Council Tax or Business Rate Bill relating to these amendments will be available at the Auction. Mortgage Statement Local Authority Rent Card/Tenancy Agreement 4.3 Buyers will be deemed to have read and considered the Particulars, Benefit Book or Benefits Agency Letter Conditions and Addendum and have full knowledge of these and all documents and other matters referred to. 9. Buyers Fee 9.1 Each successful buyer or bidder will be required to pay the Auctioneers 4.4 Prospective Buyers are strongly advised to consult their legal advisers Pearsons a non-refundable buyer’s fee of £500 plus VAT (£600 inc VAT). in respect of the matters referred to in this paragraph. On purchases below £10,000 the buyer’s fee will be £250 plus VAT. The fee becomes payable on each lot on the fall of the hammer. 5. Prior Sales 5.1 Prospective Buyers are strongly advised that they should contact 9.2 We recommend that you always check the Special Conditions of Sale Pearsons the day before the Auction to enquire whether a particular relating to each property, so you are aware of any additional costs lot will be offered for sale at Auction or whether it has been involved. withdrawn or sold. 10. Completion 5.2 Neither Pearsons nor the Seller will be responsible for any losses or Completion date is 20 working days from the auction date of the contract abortive costs incurred by the Prospective Buyer’s in respect of Lots unless specifically stated in the Special Conditions of Sale.
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