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NATIONAL PROPERTY AUCTION MONDAY 28Th OCTOBER 2019, 12 Noon De Vere Grand Connaught Rooms, 61-65 Great Queen Street, Kingsway, London WC2B 5DA

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NATIONAL PROPERTY AUCTION MONDAY 28Th OCTOBER 2019, 12 Noon De Vere Grand Connaught Rooms, 61-65 Great Queen Street, Kingsway, London WC2B 5DA OCTOBER 2019 OCTOBER FUTURE NATIONAL AUCTION AUCTION PROPERTY STRETTONS NATIONAL DATES PROPERTY RESIDENTIAL AUCTION & COMMERCIAL RESIDENTIAL THURSDAY 12th DECEMBER 2019 & COMMERCIAL THURSDAY 20th FEBRUARY 2020 TUESDAY 7th APRIL 2020 THURSDAY 28th MAY 2020 THURSDAY 16th JULY 2020 WEDNESDAY 16th SEPTEMBER 2020 OTHER SERVICES: RESIDENTIAL & COMMERCIAL SALES & LETTINGS VALUATION LEASE ADVISORY LANDLORD/TENANT REPRESENTATION LEASEHOLD REFORM EXPERT WITNESS & LITIGATION COMPULSORY PURCHASE PROPERTY & ESTATE MANAGEMENT INSOLVENCY & RECEIVERSHIP DEVELOPMENT VIABILITY & CONSULTANCY AFFORDABLE HOUSING CHARITY & THIRD SECTOR PROPERTY INSURANCE CERTIFICATE NO. 1361 MONDAY 28th OCTOBER 2019, 12 Noon DE VERE GRAND CONNAUGHT ROOMS 61-65 Great Queen Street, Kingsway, London WC2B 5DA ST_Cover_OCT 19.indd 1 08/10/2019 14:13 IMPORTANT NOTICE AUCTION TO PROSPECTIVE BUYERS INFORMATION SERVICES The notices below apply to all properties within this catalogue and are essential reading before you bid. Please also check strettons.co.uk for updates. AUCTIONS 1. Properties are offered subject to the “Common amount payable on completion. If applicable then it will be LEGAL DOCUMENTS Cavendish Legal Group is a leading team SERVICES PROVIDED Waltham House Auction Conditions (4th Edition April 2018)” which are detailed in the special conditions of sale applying to that lot. reproduced with the consent of the Royal Institution of Legal documents may be inspected/ of solicitors, providing practical advice to 11 Kirkdale Road, London 7. No employee of the auctioneers has the authority to make BY ESSENTIAL Chartered Surveyors. or give any representation or warranty about any of the lots businesses and individuals from our offices E11 1HP downloaded free via the internet. Just INFORMATION GROUP These Conditions have three main sections: to be offered. log on to our ‘on line’ catalogue at across London and the South East. a. Glossary 8. The successful bidder must pay the deposit by personal bank 020 7637 4000 This gives special meanings to some words used in the debit card (but not business debit or credit card), bankers strettons.co.uk enter the lot in [email protected] rest of the conditions. draft, building society draft or by cheque. If this requirement question, click on the ‘Legal Documents’ AUCTION DEPOSITS b. The conduct of the auction is not complied with then we reserve the right to offer the strettons.co.uk lot elsewhere or again by auction and claim any loss from button and follow the simple instructions. These conditions regulate the conduct of the auction. You are specifically referred back to the If you read our catalogue or attend the auction you do so you. Drafts should be made payable to Strettons. We are unable to accept the deposit payment in cash. Alternatively you may inspect this “Notices” printed on the inside front cover on the basis that you accept them. Legals Also; documentation at our Auction office during c. Conditions of sale 9. If you are successful in the bidding then you have entered to this catalogue, including that relating to CITY & CITY FRINGE If you buy you will sign a sale memorandum under into a binding contract to purchase the lot subject to normal opening hours, and in the auction the payment of the contractural deposit. 020 7375 1801 which you agree to be bound by the conditions of sale for the conditions of sale. You must immediately give to the room on the day of the sale. If photocopies that lot. These conditions are: auctioneer’s clerk your name and address and that of your As members of the Auctioneers solicitor, provide two forms of proof of identity to are required then there will be a charge, EAST & NORTH LONDON • General conditions that apply to all lots. Completion and Deposit Scheme (ACADS) 020 8520 9911 • Any extra conditions in the catalogue or an addendum. include both the name and address of the buyer, which may be paid by debit card. • Special conditions that only apply to the lot you are pay the 10% deposit (or £3,000 whichever is the greater) details of any dishonoured cheque are and sign the sale memorandum before leaving the room. Legal documents for some of our lots are WEST END buying (and which may vary the general conditions). Please be aware that the legal package circulated to other principal auctioneers, 10. If you are successful then, unless otherwise stated in the nowON or AIR will be available online. These conditions are legally binding. Legals 020 7637 8080 conditions of sale, the lot will be at your risk upon the fall of the may be amended at any time prior to the which could preclude any defaulter from 2. A prudent buyer before bidding will: gavel and so you are recommended to arrange insurance as sale and you should thus check for any late future bidding at other London auctions in Click the link within the property details • Take professional advice from a solicitor and, in soon as possible. There will be an insurance desk at the auction changes on the day of the auction. online to view and download the legal appropriate cases, a surveyor and an accountant. from where in most cases immediate cover may be arranged. addition to Strettons. • Read the conditions. documentation available. 11. Each successful buyer will be required to pay to • Inspect the lot. Strettons a BUYER’S ADMINISTRATION FEE of • Carry out usual searches and make usual enquiries. £895 including VAT on exchange of contracts for • Check the content of all documents. COMMERCIAL FUNDING OTHER SERVICES: each lot purchased (or £495 including VAT for STRETTONS’ GUIDE • Check the accuracy of the catalogue. transactions of less than £10,000). See adverts in the catalogue. • Have finance available for the deposit and the purchase price. TO BUYING AT AUCTION ON AIR RESIDENTIAL • Check whether VAT registration and election is advisable­­. 12. Various non-optional fixed or variable additional fees and costs may be payable by the buyer on If you are unfamiliar with procedures, & COMMERCIAL The conditions assume that the buyer has acted top of the purchase price. These will include a buyer’s like a prudent buyer. If you choose to buy a lot please look at the buyers’ guide on administration fee and may include a contribution towards BIDDING BY PROXY SALES & LETTINGS without taking these normal precautions you do the seller’s and/or their solicitor’s costs, documentation our website or call the auction team on so at your own risk. You are strongly recommended to attend VALUATION costs, ground rent, apportionment of rent/service charge, 020 7637 4000 who will help you. Visit eigpropertyauctions.co.uk 3. Photographs or plans are for identification purposes only the auction to bid personally. LEASE ADVISORY rent/service charge arrears, VAT, Stamp Duty Land Tax etc. and select ‘Search Auctions’. to assist you in the location of the property and they are not To establish the full cost of purchasing a property please LANDLORD/TENANT REPRESENTATION intended to show the interest to be sold. Such photographs obtain your own independent advice and inspect the legal If you are unable to do so then it may be Choose the option ‘Live Stream’. and plans are expressly excluded from the contract of sale. documentation/special conditions. LEGAL ADVICE possible, by prior arrangement, for you LEASEHOLD REFORM Location plans are reproduced with permission of Ordnance You will see details of the lot being offered 13. No responsibility is accepted for any information unless taken Survey under licence number ES100004608. All measurements to bid by proxy up to your previously EXPERT WITNESS & LITIGATION from our own catalogue or web site, or specifically provided We have arranged for an independent and can watch the bidding as and dimensions are approximate. No services or systems (e.g. by a member of the Strettons’ auction team. firm of Solicitors to provide initial LEGAL specified limit. COMPULSORY PURCHASE central heating, fire and burglar alarms) have been tested. The it happens. 14. Most Sellers will not allow us to release keys until after ADVICE to prospective Purchasers prior to PROPERTY & ESTATE MANAGEMENT accommodation describes the number of rooms as currently Proxy bids may be by specific authority arranged. A statement for one lot does not imply that it does/ completion. In other cases we will only release keys after the auction and on the day of the London It is not possible to bid using INSOLVENCY & RECEIVERSHIP does not apply to another. In any ‘LEASE DETAILS’ information deposits have cleared which will usually be two or three days for a member of our staff to bid on this service. ground rent may be payable and may rise whether or not it and then only with the Sellers consent. Sale in the auction room. Please contact the DEVELOPMENT VIABILITY & CONSULTANCY your behalf, by telephone, or by internet. is stated. Dimensions/areas/accommodation supplied in legal 15. Some of the lots in this catalogue may be in poor repair. auction team: Whichever method is chosen a proxy AFFORDABLE HOUSING documents such as leases and EPCs should not be relied upon Please take care when inspecting. All viewings are undertaken and you should verify by your own inspection/measuring. entirely at your own risk. bidding form (available from our office or CHARITY & THIRD SECTOR 4. There may be updates to information issued either in this 16. Guide prices are for guidance purposes only, and represent via our web site on strettons.co.uk) must PROPERTY INSURANCE catalogue or elsewhere. A notice detailing such changes will the range within which the reserve (the minimum figure at be completed in full and returned to us be available at the auction, or an announcement may be which a lot can be sold) may be set at the time of catalogue made from the rostrum.
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