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Ms Auctions 290616 Residential & Commercial Property Auction Wednesday 29th June 2016 Radisson Blu Portman Hotel London 22 Portman Square, London W1H 7BG Starting 12 noon CONTENTS Contents and Auctioneer’s Note ............................................................................................................................................................... 1 Guide to Auction ........................................................................................................................................................................................................ 2 Auction Team ................................................................................................................................................................................................................ 3 Lot Order and Guide Prices ........................................................................................................................................................................... 4 Auction Information ................................................................................................................................................................................................ 5 Auction Conditions .............................................................................................................................................................................................. 26 Index of Seller’s Solicitors ............................................................................................................................................................................. 32 EPCs ................................................................................................................................................................................................................................... 33 Registration Form for Proxy, Telephone or Internet Bidding ...................................................................................... 34 Memorandum of Sale ........................................................................................................................................................................................ 35 Auction Bidder’s Registration Form .................................................................................................................................................... 36 AUCTIONEER’S NOTE Dear Reader Welcome to our June auction catalogue. Since our 28th April auction, London has a new mayor. Meanwhile Boris Johnson, his Conservative predecessor, has thrown his considerable political weight behind the “Leave” campaign leading up to 23rd June’s “Brexit” referendum. As I write this, it is diffi cult to escape discussion and debate regarding the referendum, which the Conservative and Labour leaders are both campaigning on the same side of the fence, for once. Naturally, there is also the side- show of Boris’s inherent challenge to his party’s leadership. Divided opinions exist all across the country: as things stand, it looks as though my wife and I will be voting in opposite ways, unless one can convince the other ‘twixt now and then to change one’s view. My colleagues here at MS Group are similarly divided: our diverse views have stimulated some interesting and well-informed discussions here in the offi ce. Whatever our respective opinions, I hope for three things. Firstly, a high turn-out: this is an important decision that we all ought to take part in and feel responsible for. Secondly, not to fear either future: there has been much scare-mongering from the “Remain” side and EU-rubbishing from the “Leavers”, all of which I think should be treated with some suspicion. And thirdly, that we all embrace the nation’s decision, whatever the outcome. And we can all agree on one thing: as a nation, we are fortunate to be able to make such choices democratically. Our next auction will be on 29th September: as always at the Radisson Blu Portman Hotel. Do contact us if you’d like to sell something and would like our opinion as to saleability. In the meantime, if you’re considering buying one of the lots in this catalogue, don’t hesitate to ask us for advice if you need it. Good luck! Felix Rigg B.Mus. Auctioneer 1 YOUR GUIDE TO BUYING AT AUCTION Regular auction buyers know it is a simple process. But before For those of you who cannot attend it’s possible to follow the coming to our sale we recommend prospective buyers: auction online via our website. This service will be available from the start of the auction. • Browse upcoming sales or search for a specifi c property online. Keep in touch with us We are here to help. If you register your interest with us via our • View the property details in the online catalogue website or by contacting us directly this will help us keep in • Tell us about your interest. We may be able to help and tell you touch with you if there are changes. We want you though to be about any updates comfortable once you join us, so here is an outline of the process. Read • Auctioneer’s announcements: The auctioneers will open The Common Auction Conditions of Sale (CAC) have been proceedings with preliminary remarks and announcements. published by the Royal Institution of Chartered Surveyors and are They may affect the property you aim to buy so please arrive reproduced on our website and towards the end of this catalogue. promptly even though the lot you are interested in may be As surveyors and auctioneers we have adopted the CAC and the towards the end of the auction. sale of properties in England and Wales are subject to them. They • Auction day amendments: Sellers/solicitors may amend details set out the duties and obligations of the buyers and sellers and of up to the time of auction. Do check whether your property the auctioneer. This is an important document. As far as possible has sold prior/been withdrawn/subject to change. Don’t forget it has been written in plain English but it does form part of your to get a copy of the Addendum, which is available in the contract of purchase and some terms will inevitably use legal auction room. Ensure that you have seen and understand any phraseology. addenda relating to the property for which you are bidding. You should consult with your legal adviser before bidding and Guide prices may also change during the marketing period. An also your accountant regarding the impact of VAT, if applicable, up to date guide price list is also available in the auction room. on the sale price. The CAC are divided into three parts. If you are • Auction day assistance: Any of the MS Auction team are there intending to bid for yourself or another please read the Conduct to help you. If you have any special needs regarding access or of the Auction section carefully before arrival. If you need help in seating or disabilities where you require our assistance please understanding them please contact us, preferably by e-mail or let us know. We will do our utmost to be of service. consult your legal adviser. Auction Procedure Each property will have its own legal documents including the 1. Please bid in time and clearly. You are important to us and we Special Conditions of Sale which are supplied by the seller’s don’t want to miss your bid. solicitor. If you receive copies they should be checked against the originals before the auction to make sure they have been scanned 2. If you are the highest accepted bidder when the gavel falls correctly. Seller’s solicitors usually hold title deeds, leases and you are under a binding contract to purchase the property. other documents relevant to the sale. They are usually available An MS Auction team member will give you a purchaser’s card to download free from our website. Please let us know if getting a confi rming this. legal pack is problematic. 3. Write your name and address as the bidder; details of the Check buyer, (if this is different) and the name and address of the The information on each property in this catalogue has been solicitor who is acting for the buyer. This information is used to provided and checked by the seller and their solicitor. We can only complete the memorandum of sale, a copy of which is printed give a short overview of what is being sold and the photographs in the back of the catalogue. and plans are for identifi cation only. As a potential purchaser you 4. Unless the Special Conditions of Sale specify otherwise, you will know there is no substitute for your own research. Where we will need to provide a deposit of 10% of the purchase price or are aware of any changes before the auction these will be listed on £3,000, whichever is the greater. This may be provided either the website under the Addendum. by a personal cheque drawn on a UK clearing bank or by Inspect telegraphic transfer at the auction. Ensure you have adequate The property: You must inspect the building inside and outside. funds in your account. We cannot accept cash or debit/credit You may need professional advice to survey the condition of the cards. building and the boundaries. Where properties are occupied, 5. At the same time you will be asked for two original forms viewings must be arranged through us. of identifi cation to meet the Money Laundering Regulations Double Check 2007 (Further information can be obtained by viewing the core Sometimes properties are sold or withdrawn prior to auction. At guidance notes on the OFT website). other times information with which we have been supplied requires 6. Next you will attend the contract table to sign
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