Pearsons Property Auction Wednesday 22 August 2018

Commencing at 11am at the Hilton Hotel, Ageas Bowl Cricket Ground West End, Southampton SO30 3XH

Notes from the Rostrum

Hopefully by the time you read this we are still bungalows in a very desirable location. Investor enjoying the excellent weather and plans are going buyers should note the 2 houses with ‘HMO’ status ahead for a well deserved summer break. in Southampton and a smaller terraced house in Our August Auction is the 5th of 2018 and with Southsea with a protected statutory tenancy. 24 lots on offer it is the biggest so far, covering a Finally in central Southsea you will find a charming large part of Hampshire with prices ranging from family home with a lovely garden and garage just £60,000 - £550,000. off Albert Road and in the High Street in Fareham There are 3 parcels of land, 2 with planning and is a Grade II listed commercial/ residential premises the other as paddocks with stables. Three flats with scope to convert. cater for the lower end plus 8 houses all under There are plenty of pre-arranged viewing days £300,000. already booked so please take the opportunity to If a bungalow is more appealing then there is the have a look at anything of interest and come along choice of five, starting at £220,000, one having to our auction on the 22nd August. a large plot with potential and 2 big detached Steve Sprake FNAEA, Auctioneer

SOLD SOLD SOLD

M 2 2 To 4 7 3 Southampton 3 Auction Venue Directions B B 3035

BOTLE D Y

A RO Hilton Hotel, Ageas Bowl, West End O AD R The Ageas H P Southampton SO30 3XH A R Bowl G E L

E T The Ageas Bowl is located just off junction 7 34 A3

Y of the M27 motorway, off the B3035 Botley A W

7 M 2 Road. Follow the brown tourist signs for the O M S O T T R A H Junction 7 W Ageas Bowl. Upon entering the complex, IL L S E L R AR O CH take the first exit on the roundabout and the A AY D W IKE P B N 3 A 0 R car park can be found on the left hand side. 2 3 U

7 6 To T Portsmouth

Pearsons Property Auction Wednesday 22 August 2018 Contents

04 Important Notice to Prospective Buyers 05 Lot 1 Flat 44 Millbrook Towers, Windermere Avenue, Southampton, SO16 9FX 06 Lot 2 Land to the rear of 174 Manor Road North, Southampton, SO19 2DY 07 Lot 3 Flat 2, 62a High Street, Ryde, Isle of Wight, PO33 2RJ 08 Lot 4 Flat 25 Doyle Court, London Road, Hilsea, Portsmouth, PO2 9HP 09 Lot 5 94a Imperial Avenue, Shirley, Southampton, SO15 8PX 10 Lot 6 77 North Wallington, Fareham, PO16 8TJ 11 Lot 7 Land to the rear of 42 Milton Road, Waterlooville, PO7 6AA 12 Lot 8 15 Wilson Grove, Southsea, Portsmouth, PO5 1PD 14 Lot 9 35 Corhampton Crescent, Havant, PO9 3BX 15 Lot 10 136 Winchester Road, Shirley, Southampton, SO16 6UE 16 Lot 11 7 Catherington Lane, Waterlooville, PO8 9HS 17 Lot 12 8 Manor Gardens, Southbourne, Emsworth, PO10 8PA 18 Lot 13 Land in Hillson Drive, Fareham, PO15 6 19 Lot 14 283 Millbrook Road West, Southampton, SO15 0HU 20 Lot 15 12 Henstead Road, Polygon, Southampton, SO15 2DD 21 Lot 16 15 Shalden Close, Aldermoor, Southampton, SO16 5JG 23 Lot 17 71 High Street, Fareham, PO16 7BB 24 Lot 18 45 Westward Road, Hedge End, Southampton, SO30 4NP 25 Lot 19 148 Blackbrook Road, Fareham, PO15 5BU 26 Lot 20 3 Netley Place, Southsea, Portsmouth, PO5 3NG 27 Lot 21 23 Rugby Road, Southsea, Portsmouth, PO5 1SH 28 Lot 22 Cypress Point, Uplands Road, Denmead, Waterlooville, PO7 6HF 29 Lot 23 3 New Road, Romsey, SO51 7LL 30 Lot 24 Spring Cottage, 9 Southbrook Road, Havant, PO9 1RL 32 Buyers Information 33 Sale Memorandum 34 Proxy/Telephone Bidding Facility 35 Terms and Conditions to Bid by Proxy/Telephone 36 Common Conditions of Sale Important notice to prospective buyers

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 to 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 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 N 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. which are either withdrawn or sold prior to the Auction. 11. Please Note that you will NOT be entitled to KEYS or access to vacant properties until completion of the sale. If access is required it may be arranged through our offices with the permission of the seller. Once we General Data Protection Regulations (GDPR) are advised by the seller’s solicitors completion has occurred the keys For full details please refer to our Privacy Policy that was introduced on will be available for collection at our offices of the local key holder. If 25th May 2018 which can be found on our website, www.pearsons.com arrangements are made to post the keys, Pearsons take no responsibility for their delivery. Lot 1 Flat 44 Millbrook Towers, Windermere Avenue, Southampton, SO16 9FX 1 lot

• Two bedroom flat • Two lifts serving upper floors • Ideal buy to let

023 8078 0787

391 Shirley Road, Shirley, Southampton, SO15 3JD Email: [email protected]

TENURE Leasehold GUIDE PRICE £60,000 + fees* LOCATION Situated in the popular location of Millbrook within Southampton, the flat is within walking distance of local amenities including schools, shops and recreational facilities. Local bus services provide access into Southampton City Centre which provides a more comprehensive range of facilities including restaurants, bars and shops. DESCRIPTION This two double bedroom flat on the 8th floor, and enjoys excellent views, benefits from ample storage, lifts, balcony and parking (on a first come first serve basis). This property would make an ideal investment with potential of an excellent return. ACCOMMODATION Entrance hall, two double bedrooms, lounge/ dining room, bathroom, kitchen and a balcony. EPC See legal pack for the report. EPC D. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 2 Land to the rear of 174 Manor Road North, Southampton, SO19 2DY 2 LO t

• Conditional Approval for Development • Popular residential location • Consent for two one bedroom flats

023 8042 2600

249 Peartree Avenue, Bitterne, Southampton, SO19 7RD Email: [email protected]

TENURE Freehold PRICE GUIDE £80,000 - £90,000 + fees* LOCATION The plot is within a popular residential location close to day to day local amenities, recreational facilities, primary, secondary schools and Itchen Sixth Form College. The main line railway station of Sholing and Woolston is within a short distance with links with Southampton Central Station. The M27 is a short drive away for commuting to the south coast. DESCRIPTION An area of land within a popular residential location with planning permission application (no. 16/00132/ FUL) to build two one bedroom maisonettes with the benefit of their own gardens and parking space. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 3 Flat 2, 62a High Street, Ryde, Isle of Wight, PO33 2RJ 3 lot

• One bedroom first floor flat • Ideal rental opportunity • Good sized living accommodation

01983 525710

Trigg House, Monks Brook, St Cross Business Park, Newport, IOW, PO30 5WB Email: [email protected]

TENURE Leasehold GUIDE PRICE £59,950 + fees* LOCATION Set within walking distance of Ryde Town Centre the property is within close proximity to shopping facilities, bars, restaurants and easy access to the Hovercraft / Catamaran making it easily commutable to Portsmouth. Ryde also offers an excellent bus service providing access across the Island and a local train service. DESCRIPTION This one bedroom first floor flat would suit either a first time buyer or a buy to let investment for either the holiday market or for a local resident. The property has good sized living accommodation and benefits from double glazing, appliances are included and are new, management fees paid in full until next June and central heating. ACCOMMODATION Entrance hall, lounge/ kitchen area, bedroom and a bathroom. EPC See legal pack for the report. EPC C. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 4 Flat 25 Doyle Court, London Road, Hilsea, Portsmouth, PO2 9HP 4 LO t

• Two bedroom ground floor apartment • Benefitting from a garage • Close to local amenities

023 9289 6996

67 Osborne Road, Southsea, Portsmouth, PO5 3LS Email: [email protected]

TENURE Leasehold GUIDE PRICE £100,000 + fees* LOCATION The property is situated within the northern area of Portsea Island and is close to many local amenities including a mainline train station at Hillsea and local bus services providing direct access into the city. Direct links to the M275 / M27 are within easy travelling distance linking the south coast. DESCRIPTION This two bedroom ground floor apartment is ideally situated and comes with the added benefit of a garage. The property also benefits from additional parking on a first come first serve basis, gas fired central heating, double glazing and communal garden. Ideal retirement property or buy to let opportunity. ACCOMMODATION hallway, living room, kitchen, two bedrooms and a shower room. EPC See legal pack for the report. EPC C. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 5 94a Imperial Avenue, Shirley, Southampton, SO15 8PX 5 lot

• Three bedroom semi-detached house • In need of renovation • Spacious accommodation

023 8023 3288

58 & 60 London Road, Southampton, SO15 2AH Email: [email protected]

TENURE Freehold GUIDE PRICE £160,000 + fees* LOCATION Imperial Avenue is located in the Shirley area of Southampton and is within easy reach of the local shopping facilities on Shirley High Street. There are regular bus services from Shirley High Street to Southampton City Centre and the central train station. Schools are well catered for locally and the General Hospital is within comfortable travelling distance. DESCRIPTION This three bedroom semi detached home is in need of extensive renovation throughout but offers spacious living accommodation. The property benefits from front and rear gardens as well as off road parking. ACCOMMODATION Entrance hall, living room, dining room, kitchen and rear porch on the ground floor. To the first floor there are three well proportioned bedrooms and a bathroom. EPC See legal pack for the report. EPC G. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion.

Lot 6 77 North Wallington, Fareham, PO16 8TJ 6 LO t

• Three bedroom semi-detached house • In need of modernisation • Popular location within Wallington Village

01329 288241

21 & 23 West Street, Fareham, PO16 0BG Email: [email protected]

TENURE FREEHOLD GUIDE PRICE £300,000 + fees* LOCATION Situated in a popular residential location close Fareham Town Centre, which offers a comprehensive range of shopping facilities. Fareham offers access to junctions onto the M27 motorway for daily commuting and has the added benefit of a mainline railway station. DESCRIPTION A wonderful opportunity to purchase a 1930’s three bedroom semi-detached house in need of modernisation within the heart of Wallington Village. The property benefits from gas central heating and original leadlight windows. Externally, there is off road parking, shared driveway, garage and a generous cottage garden with a further lawned area beyond. ACCOMMODATION Entrance hall, lounge/diner, kitchen, utility area, sun room and downstairs shower room. On the first floor there are three bedrooms and the family bathroom. EPC See legal pack for the report. EPC D. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 7 Land to the rear of 42 Milton Road, Waterlooville, PO7 6AA 7 lot

• Single building plot • Planning granted for a detached bungalow • Popular location

023 8047 4274

62 High Street, West End, Southampton, SO30 3DT Email: [email protected]

TENURE FREEHOLD GUIDE PRICE £70,000 + fees* LOCATION Whilst Milton Road identifies the location of this plot, the property itself will actually be fronting Jubilee Road. It is conveniently placed for local amenities including regular bus services. Waterlooville Town Centre also has an extensive range of shops and is just over half a mile away. Easy access onto the motorway for daily commuting to the south coast. DESCRIPTION To the rear of an existing home is this single building plot with planning permission granted (APP/16/00631) for a detached bungalow. Whilst the original application was considered for senior citizen occupancy it was actually approved without any age restrictions. The internal layout provides porch, sitting/ dining room, kitchen, conservatory, bedroom and a shower room. Enclosed garden to the rear and parking to the front. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 8 15 Wilson Grove, Southsea, Portsmouth, PO5 1PD 8 LO t

• Four bedroom Victorian residence • Sought after location • Benefits from garden and a garage

023 9273 5558

35 Marmion Road, Southsea, Portsmouth, PO5 2AT Email: [email protected]

TENURE Freehold GUIDE PRICE £435,000 + fees* LOCATION Conveniently located for shopping facilities at nearby Albert Road and Elm Grove and just a short stroll from more comprehensive shopping at Palmerston Road, Southsea Common and the seafront. Bus services pass close by linking to all other parts of the City and Fratton mainline train station is approximately half a mile away on foot. DESCRIPTION A prominent Victorian residence built in the 1890’s with generous accommodation, still retaining much character of that period. This generous property is in need of modernisation throughout but would appeal to any growing family looking for a project or an investor buyer. The property benefits from a large rear garden with a garage at the far end and gas central heating. ACCOMMODATION Entrance hall, living room with open fireplace, separate dining room, study, kitchen/breakfast room and cloakroom on the ground floor. On the first floor, there are four double bedrooms, shower room, bathroom and a separate W.C. EPC See legal pack for the report. EPC D. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. A comprehensive, tailored new homes service for developers • Bespoke sales programme and marketing strategy, including premium-grade brochures, floor plans, open days, on-site sales offices, show home support and comprehensive launch events • Market research, competitor analysis, price studies and comparables • Off-plan and plot sales

pearsons.com Lot 9 35 Corhampton Crescent, Havant, PO9 3BX 9 LO t

• Three bedroom semi detached house • Non-standard construction • Requires modernisation

023 9248 6244

7 North Street, Havant, PO9 1PW Email: [email protected]

TENURE Freehold GUIDE PRICE £150,000 + fees* LOCATION The property is located in a popular area within half a mile of Havant Town Centre and mainline railway station. Havant offers a comprehensive range of shopping to suit most everyday needs including two retail parks, health centre, leisure centre, Arts Centre, library etc. The A27 can be accessed at Langstone interchange providing easy access towards Chichester, Portsmouth and beyond. DESCRIPTION This three bedroom semi-detached property is situated opposite a green in Corhampton Road. The property is non-standard construction and requires some modernisation. To the rear of the property; private garden, additional outside WC, further storage. ACCOMMODATION Hallway, lounge, dining room and kitchen on the ground floor. On the first floor there is a family sized bathroom, two double bedrooms and a further single bedroom. EPC See legal pack for the report. EPC E. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 10 136 Winchester Road, Southampton, SO16 6UE 10 lot

• Four bedroom semi detached house • Off road parking and loft room • Spacious accommodation

023 8023 3288

58 & 60 London Road, Southampton, SO15 2AH Email: [email protected]

TENURE FREEHOLD GUIDE PRICE £240,000 + fees* LOCATION The property itself is on Winchester Road close to the Junction of Anglesea Road and is set within the Shirley area of Southampton being close to the General Hospital and within easy reach of local shops and recreational amenities. It is positioned conveniently for bus services leading into the City Centre which offers a wider range of shopping facilities. DESCRIPTION A spacious semi detached house in the popular location of Shirley offering good size accommodation. The property benefits from double glazing, gas central heating and off road parking. ACCOMMODATION Entrance hall, lounge, separate dining room and kitchen on the ground floor. On the first floor there are four bedrooms and a bathroom. The attic has been converted into a loft room with eaves storage. EPC See legal pack for the report. EPC E. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. L o t 11 7 Catherington Lane, Waterlooville, PO8 9HS 11 t LO

• Two bedroom cottage • Non-estate location • Long rear garden

023 9259 1717

41 Drift Road, Clanfield, Waterlooville, PO8 0JS Email: [email protected]

TENURE Freehold PRICE GUIDE £195,000 - £225,000 + fees LOCATION Clanfield is a delightful semi-rural village flanked by areas of natural beauty such as the South Downs National Park, Butser Hill and Catherington Down. There is local shopping, schools, doctors surgeries and regular bus services. The access to the A3 (M) is convenient for daily commuting to the south coast. DESCRIPTION A charming two bedroom cottage which benefits from double glazing and gas central heating. Outside the property offers a south westerly facing enclosed rear garden with block paved front. ACCOMMODATION Lounge, dining room, breakfast room and kitchen on the ground floor. On the first floor there are two bedrooms and a bathroom. EPC See legal pack for the report. EPC TBC. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 12 8 Manor Gardens, Southbourne, Emsworth, PO10 8PA 12 lot

• Detached three bedroom bungalow • Cul-de-sac location • Scope for improvement

023 9248 6244

7 North Street, Havant, PO9 1PW Email: [email protected]

TENURE Freehold GUIDE PRICE £249,500 + fees* LOCATION This bungalow is located approximately half a mile east of Emsworth Village Centre, which offers shopping to satisfy most everyday needs, and a nearby railway station. Havant Town Centre with its main line railway station is within approximately three miles. Chichester Harbour foreshore walks are available close by along with the A27 interchange which provides easy access to the south coast. DESCRIPTION This detached bungalow sits in the cul-de-sac location and is presented as a project, providing great scope for a buyer wishing to make their own mark. There is also a rear garden, attached garage with driveway and private front gardens. This is an excellent opportunity for someone looking for a home or investment. ACCOMMODATION Entrance hall, lounge/diner, kitchen, bathroom and three bedrooms. EPC See legal pack for the report. EPC D. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 13 Land in Hillson Drive, Fareham, PO15 6 13 t LO

• Just under 2 acres of land • Fenced boundries and gated entrance • On site water

023 8047 4274

62 High Street, West End, Southampton, SO30 3DT Email: [email protected]

TENURE FREEHOLD PRICE GUIDE £65,000 - £75,000 + fees* LOCATION hillson Drive will be found on the north-west side of Fareham with access via Highland Road. Proceed to the very far end of Hillson Drive to the block end and you will see the unmade track immediately in front of you. Walk or drive along this and the plot will be found about half way down on the right hand side. DESCRIPTION An opportunity to acquire this freehold parcel of land extending to almost two acres and currently used for stables and paddocks. It is a gently sloping site with access off an unmade track, which runs down towards the M27. Fenced boundries and a gated entrance with parking for two vehicles. Water is available on site. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 14 283 Millbrook Road West, Southampton, SO15 0HU 14 lot

• Good size garden with parking • Five room HMO • Investment opportunity

023 8078 0787

391 Shirley Road, Shirley, Southampton, SO15 3JD Email: [email protected]

TENURE Freehold GUIDE PRICE £195,000 + fees* LOCATION The property is ideally located for easy access into Southampton City Centre which offers a comprehensive range of shopping facilities and railway station. There are local bus services into the surrounding areas and local amenities are within walking distance. DESCRIPTION This larger style house benefits from a five room HMO license thus appealing to the investment buyer. However the property can be utilised as a three bedroom family house with versatile living accommodation. The property benefits from gas central heating, double glazing and parking to the rear. ACCOMMODATION Entrance hall, lounge, dining room, sitting room, kitchen and shower room on the ground floor. On the first floor there are three bedrooms and a bathroom. EPC See legal pack for the report. EPC E. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 15 12 Henstead Road, Polygon, Southampton, SO15 2DD 15 t LO

• Substantial period home • HMO licence • Ideal investment purchase

023 8023 3288

58 & 60 London Road, Southampton, SO15 2AH Email: [email protected]

TENURE Leasehold GUIDE PRICE £295,000 + fees* LOCATION henstead Road is located just off Bedford Place which is arguably one of the City’s most popular areas, being conveniently situated within the City and adjacent to the varied shopping facilities. The Mainline Railway Station, bus stations and all other local amenities are within easy reach. DESCRIPTION This substantial period home offers versatile living accommodation arranged over three floors. The property also has the benefit of an HMO licence and has previously been let on this basis providing an income in the region of £23,400 - £26,000 per annum as a five letting rooms property. There is further scope for improvement in the rental yield by further alteration or enhancement subject to the necessary consents. ACCOMMODATION Two reception rooms and a kitchen on the ground floor. On the first floor there are two bedrooms and a bathroom room and there are also two further bedrooms and a bathroom on the second floor. EPC See legal pack for the report. EPC G. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 16 15 Shalden Close, Aldermoor, Southampton, SO16 5JG 16 lot

• Three bedroom mid terrace house • Partially completed • Ideal for an investor

023 8023 3288

58 & 60 London Road, Southampton, SO15 2AH Email: [email protected]

TENURE Freehold PRICE GUIDE £150,000 - £175,000 + fees* LOCATION Shalden Close occupies a popular residential position set within the Aldermoor area of Southampton. Located within close proximity to Southampton General hospital, schools and bus services leading into the city centre which offers excellent shopping facilities together with recreational amenities. From the city centre there are rail services for daily commuting. DESCRIPTION This three bedroom mid terraced house is tucked away at the end of the road and has been extensively, albeit partially, renovated throughout. The property benefits from a reasonable garden with substantial, part completed, out building and double glazed windows. ACCOMMODATION Entrance porch, kitchen/dining room, living room and conservatory to the ground floor. To the first floor there are three bedrooms, separate w.c. and a room intended for use as a bathroom, once plumbing is completed and units are installed. EPC See legal pack for the report. EPC G. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion.

COMING SOON...

Winchester Guide Price £550,000 + fees* Freehold

Wednesday 12th September 2018

Time: 11:00am

Venue: The Running Horse, 88 Main Road, Littleton, Winchester, SO22

6QS

An individual three bedroom detached bungalow on approximately 1/3 acre. The property is in need of modernisation and lends itself perfectly to an inspirational re-development. Within close proximity to Winchester City Centre, Littleton is a sought after village location.

Entrance hall, sitting room, kitchen, lobby, cloakroom, three bedrooms and a bathroom.

Viewings are strictly by appointment please call our Winchester office, 01962 853344 to arrange.

*ADDITIONAL FEES Buyers Admin Fee: £600.00 including VAT (£500 + VAT) payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 17 71 High Street, Fareham, PO16 7BB 17 lot

• Highly desirable Location • Grade II Listed period property • Currently arranged as a shop and two bedroom apartment

01329 288241

21 &23 West Street, Fareham, PO16 0BG Email: [email protected]

TENURE FREEHOLD GUIDE PRICE £400,000 + fees* LOCATION Fareham’s High Street is a highly desirable location within the town boasting a wide variety of shops, restaurants and amenities. The motorway at junction 11 and the mainline railway station are also easily accessible. The property is situated within Harrison Road Primary School catchment which is curriculum linked to Cams Hill Secondary School. DESCRIPTION A rare opportunity to acquire an attractive Grade II listed period property and valuable residential/ commercial investment. Currently arranged as shop premises on the ground floor and a self-contained two bedroom apartment on the first floor. This prominent High Street house also has planning consent for full residential use for buyers wishing to return the property to a well-proportioned four bedroom character townhouse. ACCOMMODATION The shop accommodation on the ground floor includes three generous rooms with ample storage, separate WC and kitchen. On the first floor, there is a self-contained two bedroom apartment which includes lounge/diner, inner landing, two bedrooms, bathroom, separate WC and fitted kitchen. Outside, there is a generous walled garden which is a particular feature. EPC See legal pack for the report. EPC E. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 18 45 Westward Road, Hedge End, Southampton, SO30 4NP 18 t LO

• End of terrace three bedroom house • Scope for improvement • Ideal residential location

023 8047 7377

62 High Street, West End, Southampton, SO30 3DT Email: [email protected]

TENURE Freehold GUIDE PRICE £190,000 + fees* LOCATION Westward Road is situated close to the centre of Hedge End, providing easy access to the M27 motorway. Hedge End village centre provides rail connections along with a good range of day to day shopping facilities within the retail parks. Schooling at Wildern & Berrywood is a short walk and will undoubtedly appeal to the family buyer. DESCRIPTION An end of terrace house offering scope for improvement, would be an ideal family home or investment. The property benefits from front and rear gardens, double glazing, gas central heating and a garage located within a nearby block. ACCOMMODATION Entrance hall, kitchen, lounge/ dining room, downstairs W.C. On the first floor there are three bedrooms and a shower room. EPC See legal pack for the report. EPC C. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 19 148 Blackbrook Road, Fareham, PO15 5BU 19 lot

• Two bedroom semi-detached bungalow • Popular residential location • Driveway parking, gardens and a garage

01329 288241

21 & 23 West Street, Fareham, PO16 0BG Email: [email protected]

TENURE FREEHOLD GUIDE PRICE £220,000 + fees* LOCATION Blackbrook Road is a sought after location just west of Fareham Town centre which provides a comprehensive range of shopping and banking facilities. The M27 motorway is nearby for daily commuting to the south coast. Fareham also has the benefit of a mainline railway station. DESCRIPTION This two bedroom semi-detached bungalow is in need of minor updating throughout. The property comes with the added benefits of its own block paved driveway giving access to the garage and a south westerly facing rear garden.. ACCOMMODATION Porch, hallway, two bedrooms, shower room, lounge, reception room and kitchen. EPC See legal pack for the report. EPC D. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 20 3 Netley Place, Southsea, Portsmouth, PO5 3NG 20 LO t

• Charming three bedroom cottage • Renovation project • In the heart of the centre

023 9273 5558

35 Marmion Road, Southsea, Portsmouth PO5 2AT Email: [email protected]

TENURE Freehold GUIDE PRICE £295,000 + fees* LOCATION A quiet cul-de-sac of similar period properties of great character, protected within the conservation area. The most convenient of locations, adjacent to many excellent shopping facilities on Palmerston Road and Osborne Road and a short stroll leads onto Southsea Common and the sea front. Bus services pass through Osborne Road linking to all other parts of the city and Portsmouth & Southsea Train Station is approximately 1.3 miles to the North. DESCRIPTION A charming cottage in need of general modernistaion and improvement that presents a fantastic opportunity for a renovation project. The property benefits from gas central heating, double glazing and an enclosed rear garden. ACCOMMODATION Entrance hall, lounge with opening to separate dining room, kitchen/breakfast room, which leads to a conservatory. Upstairs, three good sized bedrooms and a shower room. EPC See legal pack for the report. EPC D. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 21 23 Rugby Road, Southsea, Portsmouth, PO5 1SH 21 lot

• Three bedroom mid terrace house • Close to local amenities • Ideal investment

023 9289 6996

67 Osborne Road, Southsea, Portsmouth, PO5 3LS Email: [email protected]

TENURE Freehold GUIDE PRICE £170,000 + fees* LOCATION Rugby Road is very well situated for the general amenities of the area, in particular comprehensive shopping, schools, Fratton Mainline Railway Station and bus services. Just south of Fratton Bridge and therefore easily accessible to the sea front. DESCRIPTION One of the older style terraced houses that has been nicely maintained with the benefits of double glazing and gas central heating throughout. Neat garden to the rear enjoying a southerly aspect. This has proved to be an ideal investment over the years by way of a protected statutory tenancy. ACCOMMODATION Two reception rooms, kitchen/ breakfast room leading to a downstairs bathroom and utility room on the ground floor. On the first floor there are two double bedrooms and a further single bedroom. EPC See legal pack for the report. EPC D. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 22 Cypress Point, Uplands Road, Denmead, Waterlooville, PO7 6HF 22 LO t

• Detached Chalet style house • Highly flexible accommodation • Generous plot with views over countryside

023 9225 9151

Hambledon Road, Denmead, PO7 6NU Email: [email protected]

TENURE FREEHOLD GUIDE PRICE £550,000 + fees* LOCATION Denmead Village provides a comprehensive range of shops, Post Office, Health Centre, Infant and Junior Schools, bus route etc. Waterlooville Town centre with a much broader range of shops and additional facilities, is approximately three miles to the East, and provides access to the A3(M) with its links to the North and South. DESCRIPTION An attractive chalet style detached family home set within the centre of a generous plot with unspoilt views over the countryside from the rear garden. Cypress Point offers highly flexible family accommodation which could be adapted to suit a variety of needs. Impressive from the approach on to a circular driveway leading to double garage the outside also benefits from front and rear gardens. ACCOMMODATION Hallway, lounge/diner, kitchen, study and utility room with access into the garage. On the first floor there are five bedrooms with one further room that could be utilised as a bedroom, bathroom and separate W.C. EPC See legal pack for the report. EPC F. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 23 3 New Road, Romsey, SO51 7LL 23 lot

• Two bedroom semi detached bungalow • Potential for extension (subject to planning consents) • Driveway and Garage

01794 514516

44 The Hundred, Romsey, SO51 8BX Email: [email protected]

TENURE Freehold GUIDE PRICE £325,000 + fees LOCATION Situated on an established road with a local convenience store a few yards away and well placed for access to Romsey town centre. Romsey town centre has bus and train stations providing direct links to the neighbouring cities of Winchester, Salisbury and Southampton. DESCRIPTION This semi-detached bungalow requires modernisation and would suit somebody looking for an investment. The property is situated on a good sized plot with potential for extension or redevelopment (subject to the usual planning consents). There is also the added benefits of double glazed windows, gardens to the side, driveway and timber garage. ACCOMMODATION Entrance hall, lounge/ dining room, kitchen, two bedrooms and a kitchen. EPC See legal pack for the report. EPC TBC. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Lot 24 Spring Cottage, 9 Southbrook Road, Havant, PO9 1RL 24 LO t

• Three bedroom chalet style bungalow • Benefits from a corner plot • Good sized accommodation

023 9248 6244

7 North Street, Havant, PO9 1PW Email: [email protected]

TENURE FREEHOLD GUIDE PRICE £360,000 + fees* LOCATION Langstone is a village within a conservation area with many period buildings. Havant Town Centre lies to the north and boasts a mainline railway station, bus station, two retail parks, library, arts centre and leisure centre. The A27 roundabout at Langstone provides rapid access and links to A3(M) and M27. DESCRIPTION This three bedroom detached chalet style bungalow is in need of some modernisation but offers excellent sized accommodation throughout. The property also benefits from a good sized corner plot with front, rear and side gardens plus a garage offering additional parking. ACCOMMODATION Entrance hall, lounge, dining room, kitchen, one double bedroom and a bathroom on the ground floor. To the first floor there are two double bedrooms and a separate WC. EPC See legal pack for the report. EPC D. *ADDITIONAL FEES Buyers Admin Fee: £600 inc VAT (£500 + VAT), payable on exchange of contracts. Disbursements: Please see legal pack for any disbursements listed that may become payable by the purchaser on completion. Choose Pearsons for all your property needs Whether ready to move now or simply considering your options, an appointment with our valuers is free.

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Offices in · Andover · Clanfield · Denmead · Fareham · Havant · Hythe · Meon Valley Romsey · Southampton · Southsea · Waterlooville · West End · Winchester · London Identification Documents Important Notice Money Laundering Regulations.

As a requirement under this Category A (to confirm personal identity) Category B (to confirm address)

information legislation, any person buying or • Current Signed Passport • Recent Utility Bill (no older than 3 months) bidding at auction MUST produce documentation to confirm their • Current UK Photo Driving Licence • Bank/Building Society/National Savings name and residential address. • National Identity Card/Passport Statement buyers Please find a schedule of acceptable (overseas client) • Local Authority Council Tax or Business documentation. • UK Armed Services ID Card Rate Bill You must provide one document • Police/Other Government department • Mortgage Statement from each list. ID Card • Local Authority Rent Card/Tenancy 32 Please note that a driving license • Firearms Certificate Agreement can be used as evidence for one or (from Chief Constable) • Benefit Book or Benefits Agency Letter the other BUT NOT BOTH.

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

Guide Prices & Reserves Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range of no more than 10% above a single figure Guide.

Additional Auction Services Legal documents Legal documents for some of the lots are now or will be available online. Where you see the relevant icon on the website, you will be able to download the documents.

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

Property Lot No Address

The Purchaser Tel

Of Address inc MEMORANDUMSALES Postcode

The Vendor Tel 33

Of Address inc Postcode

It is agreed that the Vendor sells and the Purchaser buys the property described in the accompanying particulars and *conditions of sale subject to their provisions and the terms and stipulations in them at the price above mentioned.

£ Purchase Price

£ Less Deposit

£ Balance

Dated

Completion Date As per Special Conditions of Sale or Twenty Business Days after the Contract Date

Signed Authorised Agent for Vendor

Dated

Signed The Purchaser

Purchaser’s Solicitor

Postcode Tel

Vendor’s Solicitor

Postcode Tel

*For the purpose of this contract, the conditions of sale include the three sections of the RICS Common Auction Conditions, the Glossary, Conduct of the Auction and the General Conditions. Proxy/Telephone Bidding Facility Please also sign and return the terms & conditions on page 35 one

acility Bidders Name (if applicable): F elep h

/T Address: idding roxy

B Postcode: P

Tel: Mobile: Email:

34 Solicitors Name:

Address:

Postcode:

Tel: Contact Name :

I hereby authorise Pearsons staff to bid on my behalf on the terms and conditions set out overleaf headed “Proxy or Telephone Bidding”, which I confirm I have read, understood and signed a copy of which is attached. * I request that Pearsons first attempt to contact me on the telephone at the relevant time to enable me to bid myself. If a telephone link cannot be established for whatever reason, Pearsons are authorised to bid on my behalf under these terms (* Delete if telephone bid is not required).

The bid that I hereby authorise is: Auction Date:

Lot No: Address:

My maximum bid £ In words:

(The figure must be a definite one and not to be calculated for example by reference to other bids such as one bid above anyone else’s bids. Any uncertainty could result in Pearsons not bidding).

I attach a cheque for £ In words:

Being 10% of my proxy bid or £3,000, whichever is the greater, plus £600 inc VAT (Administration Charge) and any buyers premium payable as per any description in the catalogue or legal pack. Or I attach a blank cheque to be completed by the Auctioneer if my bid is successful, within which he will include £600 inc VAT (Administration Charge) and any buyers premium payable as per any description in the catalogue or legal pack.

Signature of Bidder: Date:

If my bid is successful, I authorise the Auctioneer to sign the Memorandum of Sale on my behalf and recognise that I will be the legally bound purchaser of the property referred to above and must complete the purchase of the property within the time specified in the General/Special Conditions of Sale.

Signed: Date:

Please note there should not be any alteration to the form and any mis-entries which have to be corrected must be signed, in full, in the margins. Terms and Conditions one h

to bid by Proxy/Telephone elep

Please Note: Minimum Deposit for each telephone bid is £3,000 /T onditions

Anyone not able to attend the auction to make their own bids may utilise the facilities available for telephone, C or written, bids on the following terms and conditions: roxy and 1. The bidder must complete a separate authority form for each 8. In the event that the telephone/written bid is successful the Lot involved, and provide a clearing bank cheque for 10% of Auctioneer will sign the Sale Memorandum on behalf of the bidder the maximum amount of the bid for each Lot. Please note the (a Contract will have been formed on the fall of the hammer). T erms minimum deposit for any telephone bid is £3,000 per lot. bid P to by 9. In the event of a Contract, the deposit cheque will be applied so 2. The form must be sent to, or delivered to: Pearsons, 62 High far as necessary to meet the requirement for a 10% deposit Street, West End, Southampton, SO30 3DT to arrive before (minimum £3,000) and the balance of the deposit (if any) will be 6pm two working days prior to the start of the auction. It is returned to the bidder. 35 the bidder’s responsibility to check that the form is received by Pearsons and this can be done by telephoning the office. 10. In the event that the bidder is unsuccessful, the deposit cheque will be returned to the bidder promptly. 3. The bidder shall be deemed to have read the “Important Notice to Prospective Buyers”; the particulars of the relevant Lot in the 11. Once delivered to the Auctioneers, the authority to bid is binding catalogue; the general and special conditions of sale. The bidder on the bidder on the day on which the particular Lot is auctioned. shall be deemed to have taken all necessary professional and legal This is to allow for the possibility of a Vendor agreeing to sell post advice and to have made enquiries and have knowledge of any auction where the bidding has not reached the reserve. announcements to be made from the rostrum of any amendments relating to the relevant Lot. Announcements can and should be 12. The authority can only be withdrawn by notification in writing checked by bidders on the day before the auction however the delivered to Pearsons at their office two hours before the start Auctioneers will advise the bidders of any announcements as soon of the auction on the day the relevant Lot is scheduled to be as possible prior to the Auction. auctioned, or by delivery into the hands of the Auctioneer in the auction room half an hour before the start of that day’s auction. 4. In the case of telephone bids, at about the time that the Lot come It is the bidder’s responsibility to obtain confirmation of receipt up for auction attempts will be made to contact the bidder by on a copy of the withdrawal notification signed by one of the telephone and, if successful, the bidder may then compete in the Auctioneers and without such a receipt the authority stands and bidding. any subsequent Contract is binding on the bidder. Otherwise the Auctioneers will not bid beyond the maximum authorised amount except by prior written arrangement. 13. If the bidder, or an agent, actually bids at the auction without having previously withdrawn the authority, the Auctioneer 5. In the event that the telephone link is not established, or breaks is at liberty to accept such a bid in addition to any bid from down, or there is any confusion or disruption, Pearsons will bid/ Pearsons staff as empowered under the telephone/written continue to bid on behalf of the bidder up to the maximum of the authority. Pearsons would have no liability whatsoever if the price authorisation. achieved is the result only of this competition in bidding without intervention from other bidders. 6. In the case of written bids, Pearsons staff will compete in the bidding up to the maximum of authorisation. I hereby confirm that I have read and understood the above terms and conditions to bid by telephone/letter 7. Pearsons reserve the right not to bid on behalf of telephone/ written bidders, in the event of any error, doubt, omission, Signed: uncertainty as to the bid, or for any reason whatsoever, and give no warranty, or guarantee, that a bid will be made on behalf of the Date: bidder and accept no liability. Please sign this page and ensure the form overleaf is completed.

IMPORTANT NOTICE - Money Laundering Regulations PLEASE NOTE THAT any person buying or bidding at auction, MUST produce documentation to confirm their name and residential address. Please find below a schedule of acceptable documentation.You must provide one document from each list. Category A (to confirm personal identity) Category B (to confirm address) • Current Signed Passport • Recent Utility Bill (no older than 3 months) • Current UK Photo Driving Licence • Bank/Building Society/National Savings Statement • National Identity Card/Passport (overseas client) • Local Authority Council Tax or Business Rate Bill • UK Armed Services ID Card • Mortgage Statement • Police/Other Government department ID Card • Local Authority Rent Card/Tenancy Agreement • Firearms Certificate (from Chief Constable) • Benefit Book or Benefits Agency Letter Please note that a driving licence can be used as evidence for either one or the other BUT NOT BOTH. Common Auction Conditions

Introduction Financial charge A3.5 Where there is a reserve price the seller may bid (or ask us or The Common Auction Conditions have been produced for real estate auctions A charge to secure a loan or other financial indebtness (not including a another agent to bid on the seller’s behalf) up to the reserve price in England and Wales to set a common standard across the industry. They are rentcharge). but may not make a bid equal to or exceeding the reserve price. in three sections: You accept that it is possible that all the bids up to the reserve price General conditions are bids made by or on behalf of the seller. Glossary That part of the sale conditions so headed, including any extra general The glossary gives special meanings to certain words used in both sets of conditions. A3.6 Where a guide price (or range of prices) is given that guide is the conditions. minimum price at which, or range of prices within which, the seller Interest rate might be prepared to sell at the date of the guide price. But guide Auction Conduct Conditions If not specified in the special conditions, 4% above the base rate from time prices may change. The last published guide price will normally be at or above The Auction Conduct Conditions govern the relationship between the to time of Barclays Bank plc. (The interest rate will also apply to judgment any reserve price but not always – as the seller may fix the final reserve price auctioneer and anyone who has a catalogue, or who attends or bids at the debts, if applicable). just before bidding commences. auction. They cannot be changed without the auctioneer’s agreement. Lot A4. The particulars and other information These conditions are set out in a two-part notice to bidders in the auction Each separate property described in the catalogue or (as the case may be) catalogue, part one containing advisory material – and part two the auction the property that the seller has agreed to sell and the buyer to buy (including A4.1 We have taken reasonable care to prepare particulars that correctly conduct conditions. chattels, if any). descried each lot. The particulars are based on information COMMON AUCTION COMMON supplied by or on behalf of the seller. You need to check that the CONDITIONS OF SALE OF CONDITIONS Sale Conditions Old arrears information in the particulars is correct. The Sale Conditions govern the agreement between each seller and buyer. Arrears due under any of the tenancies that are not “new tenancies” as They include general conditions of sale set out herein. The sale of each lot is defined by the Landlord and Tenant (Covenants) Act 1995. A4.2 If the special conditions do not contain a description of the lot, or also subject to special conditions of sale, tenancy and arrears schedules which simply refer to the relevant lot number, you take the risk that the are available from the Auctioneer. Particulars description contained in the particulars is incomplete or The section of the catalogue that contains descriptions of each lot (as varied inaccurate, as the particulars have not been prepared by a Important Notice by any addendum). conveyancer and are not intended to form part of a legal contract. A prudent buyer will, before bidding for a lot at an auction: • Take professional advice from a conveyancer and, in appropriate Practitioner A4.3 The particulars and the sale conditions may change prior to the cases, a chartered surveyor and an accountant; An insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in auction and it is your responsibility to check that you have the 36 • Read the conditions; relation to jurisdictions outside the United Kingdom, any similar official). correct versions. • Inspect the lot; • Carry out usual searches and make usual enquiries; Price A4.4 If we provide information, or a copy of a document, provided by • Check the content of all available leases and other documents The price that the buyer agrees to pay for the lot. others we do so only on the basis that we are not responsible for the relating to the lot; accuracy of that information or document. • Check that what is said about the lot in the catalogue is accurate; Ready to complete • Have finance available for the deposit and purchase price; Ready willing and able to complete: if completion would enable the seller to A5. The contract • Check whether VAT registration and election is advisable; discharge all financial charges secured on the lot that have to be discharged by completion, then those outstanding financial charges do not prevent the seller A5.1 A successful bid is one we accept as such (normally on the fall of the The conditions assume that the buyer has acted like a prudent buyer. from being ready to complete. hammer). This condition A5 applies to you if you make the successful bid for a lot. If you choose to buy a lot without taking these normal precautions you do so Sale conditions at your own risk. The general conditions as varied by any special conditions or addendum. A5.2 You are obliged to buy the lot on the terms of the sale memorandum at the price you bid plus VAT (if applicable). Glossary Sale memorandum This glossary applies to the auction conduct conditions and the sale The form so headed (whether or not set out in the catalogue) in which the A5.3 You must before leaving the auction: conditions. terms of the contract for the sale of the lot are recorded. a) provide all the information we reasonably need from you to enable us to complete the sale memorandum (including proof Wherever it makes sense: Seller of identity if required by us); • singular words can be read as plurals, and plurals as singular words; The person selling the lot. If two or more are jointly the seller their b) sign the completed sale memorandum; and • a “person” includes a corporate body; obligations can be enforced against the jointly or against each of them c) pay the deposit. • words of one gender include the other genders; separately. • references to legislation are to that legislation as it may have been A5.4 If you do not we may either: modified or re-enacted by the date of the auction or the contract Special conditions a) as agent for the seller treat that failure as your repudiation of date (as applicable); and Those of the sale conditions so headed that relate to the lot. the contract and offer the lot for sale again; the seller may then • where the following words printed in bold black type appear in bold have a claim against you for breach of contract; or blue type they have the specified meanings. Tenancies b) sign the sale memorandum on your behalf. Tenancies, leases, licences to occupy and agreements for lease and any Actual completion date documents varying or supplemental to them. A5.5 The deposit: The date when completion takes place or is treated as taking place for the a) is to be held as stakeholder where VAT would be chargeable on purposes of apportionment and calculating interest. Tenancy schedule the deposit were it to be held as agent for the seller, but The tenancy schedule (if any) forming part of the special conditions. otherwise is to be held as stated in the sale conditions; and Addendum b) must be paid in pounds sterling by cheque or by bankers An amendment or addition to the conditions or to the particulars, or to both, Transfer draft made payable to Pearsons Southern Ltd on an approved whether contained in a supplement to the catalogue, a written notice from the Transfer includes a conveyance or assignment (and “to transfer” includes “to financial institution. The extra auction conduct conditions auctioneers or an oral announcement at the auction. convey” or “to assign”). may state if we can accept any other form of payment.

Agreed completion date TUPE A5.6 We may retain the sale memorandum signed by or on behalf of the Subject to condition G9.3: The Transfer of Undertakings (Protection of Employment) Regulations 2006. seller until the deposit has been received in cleared funds. a) the date specified in the special conditions; or b) if no date is specified, 20 business days after the contract date; VAT A5.7 If the buyer does not comply with its obligations under the contract but if that date is not a business day the first subsequent business Value Added Tax or tax of a similar nature. then: day. a) you are personally liable to buy the lot even if you are acting as VAT option agent; and Approved financial institution An option to tax b) you must indemnify the seller in respect of any loss the seller Any bank or building society that has signed up to the Banking Code or incurs as a result of the buyer’s default. Business Banking Code or is otherwise acceptable to the auctioneers. We (and us and our) The auctioneers A5.8 Where the buyer is a company you warrant that the buyer is Arrears properly constituted and able to buy the lot. Arrears of rent and other sums due under the tenancies and still outstanding You (and your) on the actual completion date. Someone who has a copy of the catalogue or who attends or bids at the A6. Extra Auction Conduct Conditions auction, whether or not a buyer. Arrears Schedule A6.1 Despite any special conditions to the contrary the minimum The arrears schedule (if any) forming part of the special conditions. Auction conduct conditions deposit we will accept is £3,000 (or the total price, if less). A special condition may, however, require a higher minimum deposit. Auction A1. Introduction The auction advertised in the catalogue. General conditions of sale A1.1 Words in bold blue type have special meanings which are defined in Auction conduct conditions the Glossary. Words in bold blue type have special meanings, which are defined in the The conditions so headed, including any extra auction conduct conditions. Glossary. A1.2 The catalogue is issued only on the basis that you accept these Auctioneers auction conduct conditions. They govern our relationship with These general conditions (including any extra general conditions) apply to the The auctioneers at the auction. you and cannot be disapplied or varied by the sale conditions (even contract except to the extent that they are varied by special conditions or by a condition purporting to replace the whole of the Common by an addendum. Business day Auction Conditions). They can be varied only if we agree. Any day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Wales; or (c) Good Friday or Christmas Day. A2. Our role G1. The lot

Buyer A2.1 As agents for each seller we have authority to: G1.1 The lot (including any rights to be granted or reserved, and any The person who agrees to buy the lot or, if applicable, that person’s personal a) prepare the catalogue from information supplied by or on exclusions from it) is described in the special conditions, or if not representatives: if two or more are jointly the buyer their obligations can be behalf of each seller; so described the lot is that referred to in the sale memorandum. enforced against them jointly or against each of them separately. b) offer each lot for sale; c) sell each lot; G1.2 The lot is sold subject to any tenancies disclosed by the special Catalogue d) receive and hold deposits; conditions, but otherwise with vacant possession on completion. The catalogue to which the conditions refer including any supplement to it. e) sign each sale memorandum; and f) treat a contract as repudiated if the buyer fails to sign a sale G1.3 The lot is sold subject to all matters contained or referred to in Completion memorandum or pay a deposit as required by these auction the documents, but excluding any financial charges; these the Unless otherwise agreed between the seller and buyer (or their conveyancers) conduct conditions. seller must discharge on or before completion. the occasion when both seller and buyer have complied with their obligations under the contract and the balance of the price is unconditionally received in A2.2 Our decision on the conduct of the auction is final G1.4 The lot is also sold subject to such of the following as may affect it, the seller’s conveyancer’s client account. whether they arise before or after the contract date and whether or A2.3 We may cancel the auction, or alter the order in which lots are not they are disclosed by the seller or are apparent from inspection Condition offered for sale. We may also combine or divide lots. A lot may be of the lot or from the documents: One of the auction conduct conditions or sales conditions. sold or withdrawn from sale prior to the auction. a) matters registered or capable of registration as local land charges; Contract A2.4 You acknowledge that to the extent permitted by law we owe you no b) matters registered or capable of registration by any competent The contract by which the seller agrees to sell and the buyer agrees to buy duty of care and you have no claim against us for any loss. authority or under the provisions of any statute; the lot. c) notices, orders, demands proposals and requirements of any A3. Bidding and reserve prices competent authority; Contract date d) charges, notices, orders restrictions agreements and other The date of the auction or, if the lot is not sold at the auction; A3.1 All bids are to be made in pounds sterling exclusive of any matters relating to town and country planning, highways or a) the date the sale memorandum is signed by both the seller and the applicable VAT. public health; buyer; or e) rights, easements, quasi-easements and wayleaves; b) if contracts are exchanged, the date of exchange. If the exchange is A3.2 We may refuse to accept a bid. We do not have to explain why. f) outgoings and other liabilities; not effected in person or by an irrevocable agreement to exchange g) any interest which overrides, within the meaning of the Land made by telephone, fax or electronic mail the date of exchange A3.3 If there is a dispute over bidding we are entitled to resolve it, and Registration Act 2002; is the date on which both parts have been signed and posted or our decision is final. h) matters that ought to be disclosed by the searches and enquiries otherwise placed beyond normal retrieval. a prudent buyer would make, whether or not the buyer has made A3.4 Unless stated otherwise each lot is subject to a reserve price (which them; and Documents may be fixed just before the lot is offered for sale). If no bid equals i) anything the seller does not and could not reasonably know about. Documents of title (including, if title is registered, the entries on the register or exceeds that reserve price the lot will be withdrawn from the and the title plan) and other documents listed or referred to in the special auction. conditions relating to the lot.

G1.5 Where anything subject to which the lot is sold would expose the or make a requisition in relation to, any prior or superior title even a) the buyer is liable to pay interest; and seller to liability the buyer is to comply with it and indemnify the if it is referred to in the documents. b) the seller has given notice to the buyer at any time up to seller against any liability. completion requiring apportionment on the date from which G4.6 The seller (and, if relevant, the buyer) must produce to each other interest becomes payable by the buyer. G1.6 The seller must notify the buyer of any notices, orders, demands, confirmation of, or evidence of, their identity and that of their proposals and requirements of any competent authority of which mortgagees and attorneys (if any) as is necessary for the other to in which event income and outgoings are to be apportioned on the date from it learns after the contract date but the buyer must comply with comply with applicable Land Registry Rules when making which interest becomes payable by the buyer. them and keep the seller indemnified. application for registration of the transaction to which the conditions apply. G10.4 Apportionments are to be calculated on the basis that: G.17 The lot does not include any tenant’s or trade fixtures or fittings. a) the seller receives income and is liable for outgoings for the G5. Transfer whole of the day on which apportionment is to be made; G1.8 Where chattels are included in the lot the buyer takes them as they b) annual income and expenditure accrues at an equal daily rate are at completion and the seller is not liable if they are not fit for G5.1 Unless a form of transfer is prescribed by the special conditions: assuming 365 days in a year, and income and expenditure use. a) the buyer must supply a draft transfer to the seller at least ten relating to some other period accrues at an equal daily rate business days before the agreed completion date and the during the period to which it relates; and G1.9 The buyer buys with the full knowledge of: engrossment (signed as a deed by the buyer if condition G5.2 c) where the amount to be apportioned is not known at completion a) the documents, whether or not the buyer has read them; and applies) five business days before that date or (if later) two apportionment is to be made by reference to a reasonable b) the physical condition of the lot and what could reasonably be business days after the draft has been approved by the seller; estimate and further payment is to be made by seller or buyer discovered on inspection of it, whether or not the buyer has and as appropriate within five business days of the date when the inspected it. b) the seller must approve or revise the draft transfer within five amount is known. business days of receiving it from the buyer. G1.10 The buyer is not to rely on the information contained in the G11. Arrears particulars but may rely on the seller’s conveyancer’s written G5.2 If the seller remains liable in any respect in relation to the lot (or replies to preliminary enquiries to the extent stated in those replies. a tenancy) following completion the buyer is specifically to Part 1. Current rent covenant in the transfer to indemnify the seller against any G2. Deposit liability. G11.1 “Current rent” means, in respect of each of the tenancies subject to AUCTION COMMON CONDITIONS OF SALE OF CONDITIONS which the lot is sold, the instalment of rent and other sums payable G2.1 The amount of the deposit is the greater of: G5.3 The seller cannot be required to transfer the lot to anyone other by the tenant in advance on the most recent rent payment date on or a) £3,000 (or the total price if this is less than that; and than the buyer, or by more than one transfer. within the four months preceding completion. b) 10% of the price (exclusive of any VAT on the price). G6. Completion G11.2 If on completion there are any arrears of current rent the buyer G2.2 The deposit must pay them, whether or not details of those arrears are given in a) must be paid in pounds sterling by cheque or banker’s draft G6.1 Completion is to take place at the offices of the seller’s conveyancer, the special conditions. drawn on an approved financial institution (or by any other or where the seller may reasonably require, on the agreed means of payment that the auctioneers may accept): and completion date. The seller can only be required to complete on a G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of b) is to be held as stakeholders unless the auction conduct business day between the hours of 0930 and 17.00. current rent. conditions provide that it is to be held as agent for the seller. 37 G6.2 The amount payable on completion is the balance of the price Part 2. Buyer to pay for arrears G2.3 Where the auctioneers hold the deposit as stakeholder they are adjusted to take account of apportionments plus (if applicable) VAT authorised to release it to the seller on completion or, if completion and interest. G11.4 Part 2 of this condition G11 applies where the special conditions does not take place, to the person entitled to it under the sale give details of arrears. conditions. G6.3 Payment is to be made in pounds sterling and only by: a) a direct transfer to the seller’s conveyancer’s client account; and G11.5 The buyer is on completion to pay, in addition to any other money G2.4 If a cheque for all or part of the deposit is not cleared on first b) the release of any deposit held by a stakeholder. then due, an amount equal to all arrears of which details are set out presentation the seller may treat the contract as at an end and bring in the special conditions. a claim against the buyer for breach of contract. G6.4 Unless the seller and the buyer otherwise agree, completion cannot take place until both have complied with their obligations G11.6 If those arrears are not old arrears the seller is to assign to the G2.5 Interest earned on the deposit (if any) belongs to the seller unless under the contract and the balance of the price is unconditionally buyer all rights that the seller has to recover those arrears. the sale conditions provide otherwise. received in the seller’s conveyancer’s client account. Part 3. Buyer not to pay for arrears G3. Between contract and completion G6.5 If completion takes place after 1400 hours for a reason other than the seller’s default it is to be treated, for the purposes of G11.7 Part 3 of this condition G11 applies where the special conditions: G3.1 Unless the special conditions state otherwise, the seller is to insure apportionment and calculating interest, as if it had taken place on a) so state; or the lot from and including the contract date to completion and: the next business day. b) Give no details of any arrears. a) produce to the buyer on request all relevant insurance details; b) pay premiums when due; G6.6 Where applicable the contract remains in force following G11.8 While any arrears due to the seller remain unpaid the buyer must: c) if the buyer so requests, and pays any additional premium, use completion. a) try to collect them in the ordinary course of management but reasonable endeavours to increase the sum insured or make need not take legal proceedings or forfeit the tenancy; other changes to the policy; G7. Notice to complete b) pay them to the seller within five business days of receipt in d) at the request of the buyer, use reasonable endeavours to have cleared funds (plus interest at the interest rate calculated on a the buyer’s interest noted on the policy if it does not cover a G7.1 The seller or the buyer may on or after the agreed completion date daily basis for each subsequent day’s delay in payment); contracting purchaser; but before completion give the other notice to complete within ten c) on request, at the cost of the seller, assign to the seller or as e) unless otherwise agreed, cancel the insurance at completion, business days (excluding the date on which the notice is given) the seller may direct the right to demand and sue for old apply for a refund of premium and (subject to the rights of any making time of the essence. arrears, such assignment to be in such form as the seller’s tenant or other third party) pay that refund to the buyer; and conveyancer may reasonably require; f) (subject to the rights of any tenant or other third party) hold on G7.2 The person giving the notice must be ready to complete. d) if reasonably required, allow the seller’s conveyancer to have on trust for the buyer any insurance payments that the seller loan the counterpart of any tenancy against an undertaking to receives in respect of loss or damage arising after the contract G7.3 If the buyer fails to comply with a notice to complete the seller may, hold it to the buyer’s order; date or assign to the buyer the benefit of any claim; without affecting any other remedy the seller has: e) not without the consent of the seller release any tenant or surety a) terminate the contract; from liability to pay arrears or accept a surrender of or forfeit and the buyer must on completion reimburse to the seller the cost b) claim the deposit and any interest on it if held by a stakeholder; any tenancy under which arrears are due; and of that insurance (to the extent not already paid by the buyer or a c) forfeit the deposit and any interest on it; f) if the buyer disposes of the lot prior to recovery of all arrears tenant or other third party) for the period from and including the d) resell the lot; and obtain from the buyer’s successor in title a covenant in favour of contract date to completion. e) claim damages from the buyer. the seller in similar form to part 3 of this condition G11.

G3.2 No damage to or destruction of the lot nor any deterioration in its G7.4 If the seller fails to comply with a notice to complete the buyer may, G11.9 Where the seller has the right to recover arrears it must not without condition, however caused, entitles the buyer to any reduction in without affecting any other remedy the buyer has: the buyer’s written consent bring insolvency proceedings against a price, or to delay completion or to refuse to complete. a) terminate the contract; and tenant or seek removal of goods from the lot. b) recover the deposit and any interest on it from the seller or, if G3.3 Section 47 of The Law of Property Act 1925 does not apply. applicable, a stakeholder. G12. Management

G3.4 Unless the buyer is already lawfully in occupation of the lot the G8. If the contract is brought to an end G12.1 This condition G12 applies where the lot is sold subject to buyer has no right to enter into occupation prior to completion. tenancies. If the contract is lawfully brought to an end: G4. Title and identity a) the buyer must return all papers to the seller and appoints the G12.2 The seller is to manage the lot in accordance with its standard seller its agent to cancel any registration of the contract; and management policies pending completion. G4.1 Unless condition G4.2 applies, the buyer accepts the title of the b) the seller must return the deposit and any interest on it to the seller to the lot as at the contract date and may raise no requisition buyer (and the buyer may claim it from the stakeholder, if G12.3 The seller must consult the buyer on all management issues that or objection except in relation to any matter that occurs after the applicable) unless the seller is entitled to forfeit the deposit would affect the buyer after completion (such as, but not limited to, contract date. under general condition G7.3. an application for licence; a rent review; a variation, surrender, agreement to surrender or proposed forfeiture of a tenancy, or a G4.2 If any of the documents are not made available before the auction G9. Landlord’s licence new tenancy or agreement to grant a new tenancy) and: the following provisions apply: a) The buyer may raise no requisition on or objection to any of the G9.1 Where the lot is or includes leasehold land and a licence to assign is a) the seller must comply with the buyer’s reasonable documents that is made available before the auction. required this condition G9 applies. requirements unless to do so would (but for the indemnity b) If the lot is registered land the seller is to give the buyer within in paragraph c)) expose the seller to a liability that the seller five business days of the contract date an official copy of the G9.2 The contract is conditional on that licence being obtained, by way would not otherwise have, in which case the seller may act entries on the register and title plan and, where noted on the of a formal licence if that is what the landlord lawfully requires. reasonably in such a way as to avoid that liability; register, of all documents subject to which the lot is being sold. b) if the seller gives the buyer notice of the seller’s intended act c) if the lot is not registered land the seller is to give the buyer G9.3 The agreed completion date is not to be earlier than the date five and the buyer does not object within five business days giving within five business days an abstract or epitome of title starting business days after the seller has given notice to the buyer that reasons for the objection the seller may act as the seller intends; from the root of title mentioned in the special conditions (or, licence has been obtained. and if none is mentioned, a good root of title more than fifteen years c) the buyer is to indemnify the seller against all loss or liability old) and must produce to the buyer the original or examined G9.4 The seller must: the seller incurs through acting as the buyer requires, or by copy of every relevant document. a) use all reasonable endeavours to obtain the licence required at reason of delay caused by the buyer. d) If title is in the course of registration, title is to consist of the seller’s expense; and certified copies of: b) enter into any authorised guarantee agreement properly G13. Rent deposits i. the application for registration of title made to the land required. registry; G13.1 This condition G13 applies where the seller is holding or is ii. the documents accompanying that application; G9.5 The buyer must: otherwise entitled to money by way of rent deposit in respect of a iii. evidence that all applicable stamp duty land tax relating to a) promptly provide references and other relevant information; and tenancy, in this condition G13 “rent deposit deed” means the deed that application has been paid; and b) comply with the landlord’s lawful requirements. or other document under which the rent deposit is held. iv. a letter under which the seller or its conveyancer agrees to use all reasonable endeavours to answer any requisitions G9.6 If within three months of the contract date (or such longer period G13.2 If the rent deposit is not assignable the seller must on completion raised by the land registry and to instruct the land as the seller and buyer agree) the licence has not been obtained hold the rent deposit on trust for the buyer and, subject to the terms registry to send the completed registration documents to the seller or the buyer may (if not then in breach of any obligation of the rent deposit deed, comply at the cost of the buyer with the the buyer. under this condition G9) by notice to the other terminate the buyer’s lawful instructions. e) The buyer has no right to object to or make requisitions on any contract at any time before licence is obtained. That termination title information more than seven business days after that is without prejudice to the claims of either seller or buyer for breach G13.3 Otherwise the seller must on completion pay and assign its interest information has been given to the buyer of this condition G9. in the rent deposit to the buyer under an assignment in which the buyer covenants with the seller to: G4.3 Unless otherwise stated in the special conditions the seller sells G10. Interest and apportionments with full title guarantee except that (and the transfer shall so a) observe and perform the seller’s covenants and conditions in provide): G10.1 If the actual completion date is after the agreed completion date the rent deposit deed and indemnify the seller in respect of any a) the covenant set out in section 3 of the Law of Property for any reason other than the seller’s default the buyer must pay breach; (Miscellaneous Provisions) Act 1994 shall not extend to matters interest at the interest rate on the price (less any deposit paid) from b) give notice of assignment to the tenant; and recorded in registers open to public inspection; these are to be the agreed completion date up to and including the actual c) give such direct covenant to the tenant as may be required by the treated as within the actual knowledge of the buyer; and completion date. rent deposit deed. b) the covenant set out in section 4 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to any G10.2 Subject to condition G11 the seller is not obliged to apportion or G14. VAT condition or tenant’s obligation relating to the state or condition account for any sum at completion unless the seller has received of the lot where the lot is leasehold property. that sum in cleared funds. The seller must pay to the buyer G14.1 Where a sale condition requires money to be paid or other after completion any sum to which the buyer is entitled that the consideration to be given, the payer must also pay any VAT that is G4.4 The transfer is to have effect as if expressly subject to all matters seller subsequently receives in cleared funds. chargeable on that money or consideration, but only if given a valid subject to which the lot is sold under the contract. VAT invoice. G10.3 Income and outgoings are to be apportioned at actual completion G4.5 The seller does not have to produce, nor may the buyer object to date unless; G14.2 Where the special conditions state that no VAT option has been made the seller confirms that none has been made by it or by any G20. TUPE company in the same VAT group nor will be prior to completion. G24. Tenancy renewals G20.1 If the special conditions state “There are no employees to which G15. Transfer as a going concern TUPE applies”, this is a warranty by the seller to this effect. G24.1 This condition G24 applies where the tenant under a tenancy has the right to remain in occupation under part 11 of the Landlord G15.1 Where the special conditions so state; G20.2 If the special conditions do not state “There are no employees to and Tenant Act 1954 (as amended), and references to notices and which TUPE applies” the following paragraphs apply: proceedings are to notices and proceedings under that Act. a) the seller and the buyer intend, and will take all practicable steps (short of an appeal) to procure, that the sale is treated as a a) The seller must notify the buyer of those employees whose G24.2 Where practicable, without exposing the seller to liability or transfer of a going concern; and contracts of employment transfer to the buyer on completion penalty, the seller must not without the consent of the buyer b) this condition G15 applies. (the “Transferring Employees”). This notification must be (which the buyer must not unreasonably withhold or delay), serve given to the buyer not less than fourteen days before or respond to any notice or begin or continue any proceedings. G15.2 The seller confirms that the seller completion. b) The buyer confirms it will comply with its obligation under G24.3 If the seller receives a notice the seller must send a copy to the a) is registered for VAT, either in the seller’s name or as a member TUPE and any special conditions in respect of the buyer within five business days and act as the buyer reasonably of the same VAT group; and Transferring Employees. directs in relation to it. b) has (unless the sale is a standard-rated supply) made in relation c) The buyer and the seller acknowledge that pursuant and to the lot a VAT option that remains valid and will not be subject to TUPE, the contracts of employment between G24.4 Following completion the buyer must: revoked before completion. the Transferring Employees and the seller will transfer to the buyer on completion. a) with the co-operation of the seller take immediate steps to G15.3 The buyer confirms that: d) The buyer is to keep the seller indemnified against all liability substitute itself as a party to the proceedings; for the Transferring Employees after completion. b) use all reasonable endeavours to conclude any proceedings

COMMON AUCTION COMMON a) it’s registered for VAT, either in the buyer’s name or as a or negotiations for the renewal of the tenancy and the

CONDITIONS OF SALE OF CONDITIONS member of a VAT group; G21. Environmental determination of any interim rent as soon as reasonably b) has made, or will make before completion, a VAT option in practicable at the best rent or rents reasonably obtainable; and relation to the lot and will not revoke it before or within three G21.1 This condition G21 only applies where the special conditions so c) if any increased rent is recovered from the tenant (whether as months after completion; provide. interim rent or under the renewed tenancy) account to c) article 5(2B) of the Value Added Tax (Specials Provisions) the seller for part of that increase that relates to the seller’s Order 1995 does not apply to it; and G21.2 The seller has made available such reports as the seller has as period of ownership of the lot within five business days of d) is not buying the lot as a nominee for another person. to the environmental condition of the lot and has given the buyer receipt of cleared funds. the opportunity to carry out investigations (whether or not the G15.4 The buyer is to give to the seller as early as possible before the buyer has read those reports or carried out any investigation) G24.5 The seller and the buyer are to bear their own costs in relation to agreed completion date evidence: and the buyer admits that the price takes into account the the renewal of the tenancy and any proceedings relating to this. 38 environmental condition of the lot. a) of the buyer’s VAT registration; G25. Warranties b) that the buyer has made a VAT option; and G21.3 The buyer agrees to indemnify the seller in respect of all liability c) that the VAT option has been notified in writing to HM for or resulting from the environmental condition of the lot. G25.1 Available warranties are listed in the special conditions. Revenue and Customs; G22. Service Charge G25.2 Where a warranty is assignable the seller must: and if it does not produce the relevant evidence at least two business days before the agreed completion date, condition G14.1 applies at completion. G22.1 This condition G22 applies where the lot is sold subject to a) on completion assign it to the buyer and give notice of tenancies that include service charge provisions. assignment to the person who gave the warranty: and G15.5 The buyer confirms that after completion the buyer intends to: b) apply for (and the seller and the buyer must use all reasonable G22.2 No apportionment is to be made at completion in respect of service endeavours to obtain) any consent to assign that is required. a) retain and manage the lot for the buyer’s own benefits a charges. If consent has not been obtained by completion the warranty continuing business as a going concern subject to and with the must be assigned within five business days after the consent benefit of the tenancies; and G22.3 Within two months after completion the seller must provide to the has been obtained. b) collect the rents payable under the tenancies and charge VAT buyer a detailed service charge account for the service charge year on them. current on completion showing: G25.3 If a warranty is not assignable the seller must after completion:

G15.6 If, after completion, it is found that the sale of the lot is not a a) service charge expenditure attributable to each tenancy; a) hold the warranty on trust for the buyer; and transfer of a going concern then: b) payments on account of service charge received from each b) at the buyer’s cost comply with such of the lawful instructions tenant; of the buyer in relation to the warranty as do not place the a) the seller’s conveyancer is to notify the buyer’s conveyancer of c) any amounts due from a tenant that have not been received; seller in breach of its terms or expose the seller to any liability that finding and provide aVAT invoice in respect of the sale of d) any service charge expenditure that is not attributable to any or penalty. the lot; tenancy and is for that reason irrecoverable. b) the buyer must within five business days of receipt of the VAT G26. No assignment invoice pay the seller the VAT due; and G22.4 In respect of each tenancy, if the service charge account shows c) if VAT is payable because the buyer has not complied with this that: The buyer must not assign, mortgage or otherwise transfer or part condition G15, the buyer must pay and indemnify the seller with the whole or any part of the buyer’s interest under this against all costs, interest, penalties or surcharges that the seller a) payments on account (whether received or still then due from contract. incurs as a result. a tenant) exceed attributable service charge expenditure, the seller must pay to the buyer an amount equal to the excess G27. Registration at the Land Registry G16. Capital allowances when it provides the service charge account; b) attributable service charge expenditure exceeds payment on G27.1 This condition G27.1 applies where the lot is leasehold and its sale G16.1 This condition G16 applies where the special conditions state that account (whether those payments have been received or are either triggers first registration or is a registrable disposition. The there are capital allowances available in respect to the lot. still then due), the buyer must use all reasonable endeavours buyer must at its own expense and as soon as is practicable: to recover the shortfall from the tenant at the next service G16.2 The seller is promptly to supply to the buyer all information charge reconciliation date and pay the amount so recovered to a) procure that it becomes registered at the Land Registry as reasonably required by the buyer in connection with the buyer’s the seller within five business days of receipt in cleared funds. proprietor of the lot; claim for capital allowances. b) procure that all rights granted and reserved by the lease under but in respect of payments on account that are still due from a which the lot is held are properly noted against the affected G16.3 The value to be attributed to those items on which capital tenant condition G11 (arrears) applies. titles; and allowances may be claimed is set out in the special conditions. c) provide the seller with an official copy of the register relating G22.5 In respect of service charge expenditure that is not attributable to such lease showing itself registered as proprietor. G16.4 The seller and buyer agree: to any tenancy the seller must pay the expenditure incurred in respect of the period before actual completion date and the buyer G27.2 This condition G27.2 applies where the lot comprises part a) to make an election on completion under Section 198 of the must pay the expenditure incurred in respect of the period after of a registered title. The buyer must at its own expense and as soon Capital Allowances Act 2001 to give effect to this condition actual completion date. Any necessary monetary adjustment is to as practicable: G16; and be made within five business days of the seller providing the b) to submit the value specified in the special conditions to the service charge account to the buyer. a) apply for registration of the transfer; h M Revenue and Customs for the purposes of their respective b) provide the seller with an official copy and title plan for the capital allowance computations. G22.6 If the seller holds any reserve or sinking fund on any account of buyer’s new title; and future service charge expenditure or a depreciation fund: c) join in any representations the seller may properly make to G17. Maintenance agreements Land Registry relating to the application. a) the seller must pay it (including any interest earned on it) to G17.1 The seller agrees to use reasonable endeavours to transfer to the buyer on completion; and G28. Notices and other communications the buyer, at the buyer’s cost, the benefit of the maintenance b) the buyer must covenant with the seller to hold it in accordance agreements specified in the special conditions. with the terms of the tenancies and to indemnify the seller if it G28.1 All communications, including notices, must be in writing. does not do so. Communication to or by the seller or the buyer may be given to or G17.2 The buyer must assume, and indemnify the seller in respect of, all by their conveyancers. liability under such contracts from the actual completion date. G23. Rent reviews G28.2 A communication may be relied on if: G18. Landlord and Tenant Act 1987 G23.1 This condition G23 applies where the lot is sold subject to a tenancy under which a rent review due on or before the actual a) delivered by hand; or G18.1 This condition G18 applies where the sale is a relevant disposal for completion date, has not been agreed or determined. b) made electronically and personally acknowledged (automatic the purposes of part 1 of the Landlord and Tenant Act 1987. acknowledgement does not count); or G23.2 The seller may continue negotiations or rent review proceedings c) there is proof that it was sent to the address of the person to G18.2 The seller warrants that the seller has complied with sections 5B up to the actual completion date but may not agree the level of the whom it is to be given (as specified in the sale memorandum) and 7 of that Act and that the requisite majority of qualifying revised rent or commence the rent review proceedings without the by a postal service that offers normally to deliver mail the next tenants has not accepted the offer written consent of the buyer, such consent not to be unreasonably following business day. withheld or delayed. G19. Sale by practitioner G28.3 A communication is to be treated as received: G23.3 Following completion the buyer must complete rent review G19.1 This condition G19 applies where the sale is by a practitioner negotiations or proceedings as soon as reasonably practicable but a) when delivered, if delivered by hand; or either as seller or as agent of the seller. may not agree the level of the revised rent without the written b) when personally acknowledged, if made electronically; consent of the seller, such consent not to be unreasonably withheld G19.2 The practitioner has been duly appointed and is empowered to sell or delayed. but if delivered or made after 1700 hours on a business day a the lot. communication is to be treated as received on the next business G23.4 The seller must promptly: day. G19.3 Neither the practitioner nor the firm or any member of the firm to which the practitioner belongs has any personal liability in a) give to the buyer full details of all rent review negotiations and G28.4 A communication sent by a postal service that offers normally to connection with the sale or the performance of the seller’s proceedings, including copies of all correspondence and other deliver mail the next following business day will be treated as obligations. The transfer is to include a declaration excluding the papers; and received on the second business day after it has been posted. personal liability. b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings. G29. Contracts (Rights of Third Parties) Act 1999 G19.4 The lot is sold: a) in whatever its condition at completion; G23.5 The seller and the buyer are to keep each other informed of the No one is intended to have any benefit under the contract pursuant b) for such title the seller may have; and progress of the rent review and have regard to any proposals the to the Contract (Rights of Third Parties) Act 1999. c) with no title guarantee; other makes in relation to it.

and the buyer has no right to terminate the contract or any other G23.6 When the rent review has been agreed or determined the buyer remedy if information provided about the lot is inaccurate, must account to the seller for any increased rent and interest incomplete or missing. recovered from the tenant that relates to the seller’s period of ownership within five business days of receipt of cleared funds. G19.5 Where relevant: G23.7 If a rent review is agreed or determined before completion but the a) the documents must include certified copies of those under increased rent and any interest recoverable from the tenant has which the practitioner is appointed, the document of not been received by completion the increased rent and any appointment and the practitioner’s acceptance of appointment; interest recoverable is to be treated as arrears. and b) the seller may require the transfer to be by the lender G23.8 The seller and the buyer are to bear their own costs in relation to exercising its power of sale under the Law of Property Act 1925. rent review negotiations and proceedings.

G19.6 The buyer understands this condition G19 and agrees that it is fair in the circumstances of a sale by a practitioner. Pearsons Property Auctions

We offer a comprehensive service to clients wishing to offer their property for sale by Public Auction. One of the leading auction rooms in the local area dealing with property and land throughout Hampshire. We have the benefit of a strong network of long established sales offices giving their full support to the marketing process. This method of selling has proven to be the most efficient, knowing that the highest bid will be achieved and contracts are exchanged on the day. A quicker stress free way to sell.

Instructions are invited for our next Property Auction

To be held on Wednesday 17th of October 2018 at 11am Contact the Auction Department for a free consultation. 023 8047 4274 [email protected] Our Offices Our Departments

Andover Romsey Land & New Homes 17-21 London Street, Andover SP10 2NU 44 The Hundred, Romsey SO51 8BX 62 High Street, Southampton SO30 3DT Sales & Lettings: 01264 353356 Sales: 01794 514516 | Lettings: 01794 521841 Tel: 023 8022 4436 [email protected] [email protected] [email protected]

Bishop’s Waltham Southampton Commercial 7 Cross Street, Bishop’s Waltham SO32 1EZ 58–60 London Road, Southampton SO15 2AH 22 City Business Centre, Winchester SO23 7TA Sales & Lettings: 01489 660860 Sales: 023 8023 3288 | Lettings: 023 8023 2909 Tel: 01962 855885 [email protected] [email protected] [email protected]

Clanfield Southsea Block Management 41 Drift Road, Clanfield PO8 0JS 35 Marmion Road, Southsea PO5 2AT 2-4 New Road, Southampton SO14 0AA Sales: 023 9259 1717 | Lettings: 023 9226 2611 Sales: 023 9273 5558 | Lettings: 023 9229 7878 Tel: 023 8023 7577 [email protected] [email protected] [email protected]

Denmead Waterlooville Survey & Valuation Hambledon Road, Denmead PO7 6NU 77 London Road, Waterlooville PO7 7EL Fareham 01329 221895 Sales: 023 9225 9151 | Lettings: 023 9226 2611 Sales & Lettings: 023 9226 2611 Portsmouth 023 9248 6244 [email protected] [email protected] Southampton 023 8021 1929 Winchester 01962 761703 Fareham West End [email protected] 21 West Street, Fareham PO16 0BG 62 High Street, West End SO30 3DT Sales: 01329 288241 | Lettings: 01329 238396 Sales & Lettings: 023 8047 7377 [email protected] [email protected] Property Auctions Havant Winchester 62 High Street, West End SO30 3DT 7 North Street, Havant PO9 1PW 3 Southgate Street, Winchester SO23 9DY Tel: 023 80 474 274 Sales & Lettings: 023 9248 6244 Sales & Lettings: 01962 853344 [email protected] [email protected] [email protected]

Hythe 7–9 The Marsh, Hythe SO45 6AJ Sales & Lettings: 023 8084 4131 [email protected]