OCTOBER 2019 NATIONAL STRETTONS PROPERTY AUCTION FUTURE NATIONAL AUCTION 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 Also; on the basis that you accept them. Legals 9. If you are successful in the bidding then you have entered documentation at our Auction office during to this catalogue, including that relating to c. Conditions of sale 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. Updates are also posted online printing. Guides may change at any time before the auction, and Howard Freeman or Matt Conroy at least 2 clear working days before the at strettons.co.uk You are advised to check with us on properties could sell above or below the figures quoted, but we 33 Cavendish Square, auction. It should be accompanied by your arrival at the auction as to whether there are any changes do update them on our auction web site each working day up affecting the lot for which you intend to bid. If you do bid to the last such day before the auction, and they are shown on London W1G 0PW deposit, in the prescribed form, for 10% you will be assumed to do so with knowledge of any such the printed auction day announcement sheet. If a change occurs of your maximum bid price, subject to a changes. You should also check whether a lot in which you after this publication deadline then an announcement will be 020 7016 3016 minimum of £3,000. CERTIFICATE NO. 1361 are interested has been withdrawn or sold prior. made from the rostrum. If the guide price is stated as a single [email protected] figure then the reserve will be within 10% of the stated figure. 5. Offers can be submitted to buy a lot before the auction www.clglaw.co.uk and if acceptable a sale can proceed but the property will 17. The word “Equivalent” in relation to rent means the not be withdrawn from the auction until contracts have corresponding annual amount due. been exchanged. 18. Before bidding all bidders need to provide valid ID. 6. Some sellers require the buyer to contribute towards Please refer to the bidder identity registration notice in the their legal/administrative costs by specifying an additional catalogue/online or contact us.
NEXT AUCTION: 12th DECEMBER 2019 strettons.co.uk CERTIFICATE NO. 1361 CATALOGUE ONLINE: 22nd NOVEMBER – HARD COPIES AVAILABLE: 26th NOVEMBER FOR UP-TO-THE-MINUTE INFORMATION ON GUIDE PRICES, AMENDMENTS, ANNOUNCEMENTS, LEGAL DOCUMENTATION
© COPYRIGHT STRETTONS 2019. All rights are reserved. No part of this catalogue may be reproduced, stored or transmitted in any form or by any means without our prior permission. Unauthorised reproduction will result in enforcement action.
ST_Cover_OCT 19.indd 2 08/10/2019 14:13 NATIONAL PROPERTY AUCTION MONDAY 28th OCTOBER 2019, 12 Noon De Vere Grand Connaught Rooms, 61-65 Great Queen Street, Kingsway, London WC2B 5DA
BY ORDER OF Various mortgagees, receivers, public and private companies, trustees, executors, housing associations, charities and others, including:
JCDecaux
British Legion
B. Tobin & S. Tilsiter of Strettons as LPA Receivers
B.TOBIN & S.TILSITER
B. Tobin & P. Joseph of Strettons as LPA Receivers
B.TOBIN & P. JOSEPH
NATIONWIDE PROPERTY SERVICE AUCTION VENUE: FROM OUR CENTRAL & EAST LONDON OFFICES DE VERE GRAND CONNAUGHT ROOMS 61-65 Great Queen Street, Kingsway FOR AUCTION London WC2B 5DA 020 8616 8008 grandconnaughtrooms.com
ENQUIRIES HOW TO GET THERE CALL THE AUCTION TEAM TODAY ON LONDON UNDERGROUND NEAREST STATIONS: Covent Garden (Piccadilly line) and 020 7637 4000 Holborn (Piccadilly/Central lines)
NEW TO AUCTIONS OR HAVE A QUERY? IF YOU WOULD LIKE TO DISCUSS THE BENEFITS OF BUYING OR SELLING AT AUCTION, OUR TEAM ARE HAPPY TO ANSWER YOUR QUESTIONS. WE ARE AVAILABLE FROM 9.30am ON THE DAY TO CHAT BEFORE AND/OR AFTER THE AUCTION.
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ST_Auction Catalogue_Start Section_OCT 19.indd 1 09/10/2019 16:57 FONDEST MEMORIES AS BEN TOBIN RETIRES BY GRAHAM SLYPER (RETIRED AUCTION DIRECTOR)
After many years of retirement, I now From the outset Ben exhibited the typical emerge from the woodwork on the announced Tobin traits of working hard – with similar withdrawal from active working life of my expectations from those around him – whilst dear friend and colleague Ben Tobin. at the same time being approachable and with understanding of the needs of others. I have known Ben for most of his life – our respective parents were very close I find it hard to envisage Strettons without a Tobin friends – and for much of that time we at the helm. It was Ben, together with his cousins have worked together. and fellow Directors, Peter and Philip Tobin, (also now retired), who made some unselfish and far Ben’s father (Sidney) introduced me to the sighted business decisions which enabled the surveying profession and several years later, in growth of the company to where it is now. 1975, invited me to join him at Strettons. And that raises an interesting similarity. Little did I After 34 years, most of which as the Director realise when I interviewed a young and enthusiastic responsible for Strettons’ auctions, I began to Simon Tilsiter back in 1990, having known his wind down from 2009 and have now reached father for many years through membership of a the stage when they just wheel me out for youth club which we both frequented, that many special occasions. years later I would be congratulating him on his I can still recall when, post qualification, Ben appointment as Strettons new MD! first came to work at our original office at Notwithstanding, for me this marks the end of the Bakers’ Arms in Walthamstow, arriving in an era. It has been an absolute pleasure working his white MGB which trumped the green MG with Ben and I can only wish him and his wife, Midget of my early days. Judith, a fulfilling and enjoyable retirement.
BEN AND GRAHAM, OCTOBER 2009 AUCTION
THANKS AND BEST WISHES TO BEN TOBIN FROM PHILIP WATERFIELD (AUCTION DIRECTOR)
It doesn’t seem like almost a third of a century Since then we have worked closely together. ago that I first met Ben Tobin who was to Like most old couples, I am sure we have subsequently shape my life and career. had some differences from time to time but, whether it is just old age on my part, I struggle I remember attending an interview with him at to remember what they were. our old Bakers’ Arms office and, very shortly after, receiving a hand-delivered letter (email I would like to say a personal thank you to hadn’t been invented!) offering me a job in the you, Ben for all that you have done for me – commercial agency department. I am privileged. I subsequently became part of the Strettons’ Although, I know that you will still be coming “family”, holding a variety of posts in different into the office, I hope, Ben, that life will be offices over the years, running auctions for the a little less frenetic and that you can spend last ten years or so and, more recently working more time with Judith, your children and with Ben on several receivership cases. grandchildren. Throughout my time I have benefitted from Happy 65th birthday and thanks for everything! the “Tobin touch”, working with Peter, Philip and especially Ben in auctions. With all good wishes. I attended my first auction in 1977 which directed me towards a career in property and auctions. Ben took a risk allowing me on the rostrum in 1994, a position until then only held by him and his father, Sidney – I hope that I didn’t let him down!
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ST_Auction Catalogue_Start Section_OCT 19.indd 2 09/10/2019 16:57 MEET THE TEAM AUCTION & INVESTMENTS 020 7637 4000
BENJAMIN TOBIN PHILIP WATERFIELD Chairman & Auctioneer Auction Director & Auctioneer
ANDREW BROWN IAN MANN Auction Director & Auctioneer Associate Director & Auction Surveyor A WARM WELCOME AND INTRODUCTION FROM OUR AUCTION DIRECTOR
Welcome to our October sale which who will gradually take over running auctions. comes at both a change in the season and So, a “Triple A” service to strengthen our an interesting turning point in the future existing board of 12! GILES OWENS BARRY WISE relationship of the UK with the rest of Europe Associate Director & Auction Surveyor Auction Surveyor the outcome of which is likely to bring about We hope that the range of properties in a number of changes in the economy. this catalogue will suit a variety of property requirements and budgets and we look Change can often, however, bring new forward to you joining us at the Grand opportunities and, with a change in the Connaught Rooms in Holborn on Monday hierarchy at Strettons, we are embracing a 28th October for a 12 noon start. new era by investing heavily in a company-wide bespoke customer relationship management If you are new to auctions we run an system - CRM for short – which will integrate informal “Behind the Scenes” seminar with a newly adopted state-of-the-art data starting at 10.30am. Further details are on management system in the auction department. our web site or call us on 020 7637 4000 SAM HARBORNE ROBERT WOOLFE Auction Surveyor Auction Surveyor for more information or any enquiries about Ben Tobin stepped down as MD earlier in the lots on offer. the year and will shortly be taking semi- retirement. Simon Tilsiter has more than ably settled into the MD role. We have also added to our board by recruiting three new directors from outside the firm.
Andrew Balcombe joins the valuation and PHILIP WATERFIELD advisory team; Andrew Sinclair in property Auction Director management and Andrew Brown, who you [email protected] GRAHAM SLYPER AMANDA BELLAMY will have already seen on the rostrum and Direct Dial: 020 8509 4411 Consultant Administrator
ANDREW BALCOMBE, ANDREW BROWN & ANDREW SINCLAIR New Directors
JANICE HORNSBY LIANNE BARBIER Administrator (Solicitor Liaison) Administrator (Accounts)
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ST_Auction Catalogue_Start Section_OCT 19.indd 3 09/10/2019 16:57 PRIVATE TREATY EAST & NORTH LONDON | CITY & CITY FRINGE | WEST END
HACKNEY WICK GROUND FLOOR OFFICES OFFICE/STUDIO INDUSTRIAL/WAREHOUSE
FOR SALE FOR SALE FOR SALE/TO LET
THE OLD SMOKEHOUSE 1 ICELAND ROAD BAROS HOUSE 35 MONIER ROAD BOW HARLOW E3 2ND E3 2JP CM19 5AR
AREA: 1,448 ft² (134.5 m2) AREA: 1,086 ft² (100.5 m²) AREA: 12,819 ft² (1,190.9 m²) PRICE: £450 per ft² PRICE: £375,000 for the long leasehold interest PRICE: £1,600,000 for the freehold interest
[email protected] [email protected] [email protected] 020 8509 4436 020 8509 4436 01279 451 835
B1 OFFICE TRENDY OFFICE/STUDIO UNIT GROUND FLOOR COMMERCIAL UNIT
FOR SALE/TO LET FOR SALE FOR SALE
19 YEOMAN STREET 4 TYSSEN STREET HOPE WHARF SURREY QUAYS DALSTON 37 GREENWICH HIGH ROAD SE8 5DT E8 2FJ SE10 8JL
AREA: 4,338 ft² (403.0 m2) AREA: 3,378 ft² (313.8 m2) AREA: 1,545 ft² (143.5 m²) PRICE: Offers in excess of £1,000,000 PRICE: £1,450,000 for the long leasehold interest PRICE: £475,000 for the long leasehold interest
[email protected] [email protected] [email protected] 020 7012 0061 020 8509 4436 020 8509 4404
For more information & opportunities please visit strettons.co.uk 4
ST_Auction Catalogue_Start Section_OCT 19.indd 4 09/10/2019 16:57 ST_Auction Catalogue_Start Section_OCT 19.indd 5 09/10/2019 16:57 ORDER OF SALE MONDAY 28th OCTOBER 2019, 12 Noon Please refer to additional sheet (if applicable) for extra lots
LOT ADDRESS
1 173 Lavender Hill, Battersea, SW11 5TE 40 Land on Longford Road, Longford, Coventry, West Midlands, CV6 6DY 2 55 Brookhill Road, Barnet, Hertfordshire, EN4 8SF 41 Land on the south east side of Stoney Stanton Road, Coventry, West 3 35 Halstead Road, Enfield, Middlesex, EN1 1QA Midlands, CV6 5FY 4 21 Ranelagh Drive, Edgware, Middlesex, HA8 8HJ 42 Land on the south side of Horseley Fields, Wolverhampton, West Midlands, WV1 3LR 5 75 School Road, Dagenham, Essex, RM10 9QD 43 183, 185 & 187 Station Road, Swinton, Manchester, M27 6BU 6 41 Church Street, Bocking, Braintree, Essex, CM7 5JY 44 Land on Bridge Street, Heywood, Greater Manchester, OL10 1JF 7 5 Bridge Cottages, North Shoebury Road, Shoeburyness, Southend-on-Sea, Essex, SS3 8UN 45 Land adjoining 5 Bolton Road, Bury, Greater Manchester, BL8 2AB 8 10 Bridge Cottages, North Shoebury Road, Shoeburyness, 46 Land on The Clough, Mirfield, West Yorkshire, WF14 9DN Southend-on-Sea, Essex, SS3 8UN 47 Land on Albion Road, North Shields, Tyne and Wear, NE29 0HS 9 2 & 3 Bridge Cottages, North Shoebury Road, Shoeburyness, 48 Garages to the rear of 19-21 Park Lane, Swindon, Wiltshire, SN1 5EL Southend-on-Sea, Essex, SS3 8UN 49 Garages and Land to the rear of, 3-5 Horace Avenue, Romford, 10 23 Drayton Road, Harlesden, NW10 4DE Essex, RM7 0XA 11 36 Low Hall Lane, Walthamstow, E17 8BE 50 Garages 1 & 2 adjacent to 1 Heath Close, Harlington, Hayes, 12 61 Dartmouth Road, Forest Hill, SE23 3HN Middlesex, UB3 5LA 13 1A Green Pond Road, Walthamstow, E17 6EN 51 Land to the rear of St. James Gardens, Little Heath, Romford, Essex, RM6 5RY 14 50B Northolme Road, Highbury, N5 2UX 52 Land Adjacent to Wayside Commercial Estate, Alfreds Way, 15 Ground Floor Flat, 5 Johnstone Road, East Ham, E6 6JB Barking, Essex, IG11 0AQ 16 7 & 7a Johnstone Road, East Ham, E6 6JB 53 44/44A Bruce Avenue, Shepperton, Middlesex, TW17 9DW 17 17A Boundary Road, Plaistow, E13 9PS 54 46/46A Bruce Avenue, Shepperton, Middlesex, TW17 9DW 18 95A Little Ilford Lane, Manor Park, E12 5PN 55 40/40A Bruce Avenue, Shepperton, Middlesex, TW17 9DW 19 Mint House, 3-11 Grenfell Avenue, Hornchurch, Essex, RM12 4DN 56 52/52A Bruce Avenue, Shepperton, Middlesex, TW17 9DW 20 52 Limetrees Close, Middlesbrough, Cleveland, TS2 1SL 57 54/54A Bruce Avenue, Shepperton, Middlesex, TW17 9DW 21 14D Goodmayes Lane, Ilford, Essex, IG3 9NZ 58 50/50A Bruce Avenue, Shepperton, Middlesex, TW17 9DW 22 Denison House, 15 South Parade, Doncaster, South Yorkshire, DN1 2DR 59 42/42A Bruce Avenue, Shepperton, Middlesex, TW17 9DW 23 2 & 3 The Crescent, Bridlington, East Yorkshire, YO15 2NX 60 Broadgate, 727 Barking Road, Plaistow, E13 9ES 24 54 Islington Park Street, Islington, N1 1PX 61 57 & 59 Church Lane, Walthamstow, E17 9RN 25 26 High Street, West Coker, Yeovil, Somerset, BA22 9AR 62 69 & 71 Church Lane, Walthamstow, E17 9RN 26 472 North Circular Road, Neasden, NW10 1SP 63 53 & 55 Church Lane, Walthamstow, E17 9RN 27 2A Woburn Avenue, Elm Park, Hornchurch, Essex, RM12 4PQ 64 90 Kingston Road, Teddington, Middlesex, TW11 9HY 28 Stanley House & Station House, Station Approach, London Road, 65 42 Albert Road, Worcester, Worcestershire, WR5 1EB Great Chesterford, Essex, CB10 1NY 66 The Lawn, Lower Woodfield Road, Torquay, Devon, TQ1 2JY 29 140 High Town Road, 31-37 Charles Street, Luton, Bedfordshire, LU2 0DJ 67 16 Queens Road, Aldershot, Hampshire, GU11 3JD 30 53-57 Turners Hill, Cheshunt, Waltham Cross, Hertfordshire, EN8 8NT 68 23 Broadwater Road, Worthing, West Sussex, BN14 8AD 31 55 Meads Lane, Seven Kings, Ilford, Essex, IG3 8QL 69 Woodleigh Court, 8 North Road, Pevensey Bay, Pevensey, East 32 72 High Street, Bidford-on-Avon, Alcester, Warwickshire, B50 4AD Sussex, BN24 6AY 33 80/82 Channel Street, Galashiels, Selkirkshire, Scotland, TD1 1BD 70 25 Buckley Road, Brondesbury, NW6 7LY 34 Unit 1-2 Building North Side, Main Cross Road, Great Yarmouth, 71 24 Colney Hatch Lane, Muswell Hill, N10 1DU Norfolk, NR30 3NZ 72 26 Colney Hatch Lane, Muswell Hill, N10 1DU 35 Land on the north & west sides of Upton Lane, Forest Gate, E7 9NN 73 28 Colney Hatch Lane, Muswell Hill, N10 1DU 36 Land at junction of London Road & Manse Way, Swanley, Kent, BR8 8DD 74 First Floor, 4-5 Market Place, Bexleyheath, Kent, DA6 7DU 37 Land on the east side of Church Rd, Walton-on-the-Naze, Essex, CO14 8DJ 75 Second Floor, 4-5 Market Place, Bexleyheath, Kent, DA6 7DU 38 Land on Great Northern Road, Dunstable, Bedfordshire, LU6 3HY 76 4 Osborne Road, Belvedere, Kent, DA17 5NT 39 Land on the North side of Bitterne Road East, Bitterne, Southampton, 77 13 Coleman Road, Belvedere, Kent, DA17 5AW Hampshire, SO18 5EQ
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ST_Auction Catalogue_Start Section_OCT 19.indd 6 09/10/2019 16:57 ALPHABETICAL INDEX MONDAY 28th OCTOBER 2019, 12 Noon Please refer to additional sheet (if applicable) for extra lots
E6 Lot 7 5 Bridge Cottages, North Shoebury Road, Lot 54 46/46A Bruce Avenue, Shepperton, Lot 15 Ground Floor Flat, 5 Johnstone Road, Shoeburyness, Southend-on-Sea, Middlesex, TW17 9DW East Ham, E6 6JB Essex, SS3 8UN Lot 55 40/40A Bruce Avenue, Shepperton, Lot 16 7 & 7a Johnstone Road, East Ham, E6 6JB Lot 8 10 Bridge Cottages, North Shoebury Road, Middlesex, TW17 9DW Shoeburyness, Southend-on-Sea, Lot 56 52/52A Bruce Avenue, Shepperton, E7 Essex, SS3 8UN Middlesex, TW17 9DW Lot 35 Land on the north & west sides of Lot 9 2 & 3 Bridge Cottages, North Shoebury Lot 57 54/54A Bruce Avenue, Shepperton, Upton Lane, Forest Gate, E7 9NN Road, Shoeburyness, Southend-on-Sea, Essex, Middlesex, TW17 9DW SS3 8UN Lot 58 50/50A Bruce Avenue, Shepperton, E12 Lot 19 Mint House, 3-11 Grenfell Avenue, Middlesex, TW17 9DW Lot 18 95A Little Ilford Lane, Manor Park, E12 5PN Hornchurch, Essex, RM12 4DN Lot 59 42/42A Bruce Avenue, Shepperton, Lot 21 14D Goodmayes Lane, Ilford, Essex, IG3 9NZ E13 Middlesex, TW17 9DW Lot 27 2A Woburn Avenue, Elm Park, Hornchurch, Lot 17 17A Boundary Road, Plaistow, E13 9PS Lot 64 90 Kingston Road, Teddington, Middlesex, Essex, RM12 4PQ TW11 9HY Lot 60 Broadgate, 727 Barking Road, Plaistow, E13 9ES Lot 28 Stanley House & Station House, Station Lot 50 Garages 1 & 2 adjacent to 1 Heath Close, E17 Approach, London Road, Great Chesterford, Harlington, Hayes, Middlesex, UB3 5LA Essex, CB10 1NY Lot 11 36 Low Hall Lane, Walthamstow, E17 8BE Lot 31 55 Meads Lane, Seven Kings, Ilford, Essex, IG3 8QL Midlands Lot 13 1A Green Pond Road, Walthamstow, E17 6EN Lot 37 Land on the east side of Church Rd, Lot 41 Land on the south east side of Stoney Stanton Lot 61 57 & 59 Church Lane, Walthamstow, E17 9RN Walton-on-the-Naze, Essex, CO14 8DJ Road, Coventry, West Midlands, CV6 5FY Lot 62 69 & 71 Church Lane, Walthamstow, E17 9RN Lot 49 Garages and Land to the rear of, 3-5 Horace Lot 40 Land on Longford Road, Longford, Coventry, Lot 63 53 & 55 Church Lane, Walthamstow, E17 9RN Avenue, Romford, Essex, RM7 0XA West Midlands, CV6 6DY Lot 42 Land on the south side of Horseley Fields, N1 Lot 51 Land to the rear of St. James Gardens, Little Heath, Romford, Essex, RM6 5RY Wolverhampton, West Midlands, WV1 3LR Lot 24 54 Islington Park Street, Islington, N1 1PX Lot 52 Land Adjacent to Wayside Commercial Estate, Norfolk Alfreds Way, Barking, Essex, IG11 0AQ N5 Lot 34 Unit 1-2 Building North Side, Main Cross Lot 14 50B Northolme Road, Highbury, N5 2UX Hampshire Road, Great Yarmouth, Norfolk, NR30 3NZ N10 Lot 67 16 Queens Road, Aldershot, Hampshire, Scotland GU11 3JD Lot 26 472 North Circular Road, Neasden, NW10 1SP Lot 33 80/82 Channel Street, Galashiels, Selkirkshire, Lot 39 Land on the North side of Bitterne Road Lot 71 24 Colney Hatch Lane, Muswell Hill, N10 1DU Scotland, TD1 1BD East, Bitterne, Southampton, Lot 72 26 Colney Hatch Lane, Muswell Hill, N10 1DU Hampshire, SO18 5EQ Lot 73 28 Colney Hatch Lane, Muswell Hill, N10 1DU Somerset Hertfordshire Lot 25 26 High Street, West Coker, Yeovil, Somerset, NW6 BA22 9AR Lot 2 55 Brookhill Road, Barnet, Hertfordshire, Lot 70 25 Buckley Road, Brondesbury, NW6 7LY EN4 8SF Sussex NW10 Lot 30 53-57 Turners Hill, Cheshunt, Lot 69 Woodleigh Court, 8 North Road, Pevensey Waltham Cross, Hertfordshire, EN8 8NT Lot 10 23 Drayton Road, Harlesden, NW10 4DE Bay, Pevensey, East Sussex, BN24 6AY Kent Lot 68 23 Broadwater Road, Worthing, SW11 West Sussex, BN14 8AD Lot 36 Land at junction of London Road & Lot 1 173 Lavender Hill, Battersea, SW11 5TE Manse Way, Swanley, Kent, BR8 8DD Tyne and Wear SE23 Lot 74 First Floor, 4-5 Market Place, Bexleyheath, Lot 47 Land on Albion Road, North Shields, Lot 12 61 Dartmouth Road, Forest Hill, SE23 3HN Kent, DA6 7DU Tyne and Wear, NE29 0HS Lot 75 Second Floor, 4-5 Market Place, Bexleyheath, Bedfordshire Kent, DA6 7DU Warwickshire Lot 29 140 High Town Road, 31-37 Charles Street, Lot 76 4 Osborne Road, Belvedere, Kent, DA17 5NT Lot 32 72 High Street, Bidford-on-Avon, Alcester, Luton, Bedfordshire, LU2 0DJ Lot 77 13 Coleman Road, Belvedere, Kent, DA17 5AW Warwickshire, B50 4AD Lot 38 Land on Great Northern Road, Dunstable, Bedfordshire, LU6 3HY Manchester Wiltshire Lot 43 183, 185 & 187 Station Road, Swinton, Lot 48 Garages to the rear of 19-21 Park Lane, Cleveland Manchester, M27 6BU Swindon, Wiltshire, SN1 5EL Lot 20 52 Limetrees Close, Middlesbrough, Lot 44 Land on Bridge Street, Heywood, Worcestershire Cleveland, TS2 1SL Greater Manchester, OL10 1JF Lot 65 42 Albert Road, Worcester, Worcestershire, Lot 45 Land adjoining 5 Bolton Road, Bury, Greater Devon WR5 1EB Manchester, BL8 2AB Lot 66 The Lawn, Lower Woodfield Road, Torquay, Yorkshire Devon, TQ1 2JY Middlesex Lot 22 Denison House, 15 South Parade, Doncaster, Lot 3 35 Halstead Road, Enfield, Middlesex, EN1 1QA Essex South Yorkshire, DN1 2DR Lot 4 21 Ranelagh Drive, Edgware, Middlesex, HA8 8HJ Lot 5 75 School Road, Dagenham, Essex, RM10 9QD Lot 23 2 & 3 The Crescent, Bridlington, Lot 6 41 Church Street, Bocking, Braintree, Lot 53 44/44A Bruce Avenue, Shepperton, East Yorkshire, YO15 2NX Middlesex, TW17 9DW Essex, CM7 5JY Lot 46 Land on The Clough, Mirfield, West Yorkshire, WF14 9DN
7
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Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. *Other fees and charges apply and are variable based on the loan amount. 0.49% pm is applicable for the duration of the loan. 12 months as standard. No exit fee applies. Standard construction only. **On loans up to £500,000 for residential properties only. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 1 BY ORDER OF THE ROYAL BRITISH LEGION 173 LAVENDER HILL, BATTERSEA SW11 5TE FREEHOLD VACANT SOCIAL CLUB & UPPER PART WITH WITH PLANNING PERMISSION
CGI OF PROPOSED DEVELOPMENT
• Freehold Development LOCATION & DESCRIPTION Opportunity A mid terrace property arranged on basement, ground and two upper floors previously used as a Royal British Legion social club with ancillary offices and storage. On the south side of the busy A3036 Lavender Hill near to the junction • PP for 3 Flats (2 x 2 Bed & with Longbeach Road within this popular mixed commercial/residential area, about ½ mile from Clapham Junction 1 x 1 Bed) and D1 Ground railway station and 4 miles from central London. Clapham Common is within close proximity. Floor & Basement PLANNING • Popular London Location Planning Permission granted by London Borough of Wandsworth on 06.06.2019 (Ref: 2019/1659) for change of use • Within ½ Mile of Clapham from Royal British Legion clubhouse (Class D1) to community use unit (Class D1) at basement and ground floors and Junction Station creation of 2 x 2 bedroom and 1 x 1 bedroom flats. Alterations include erection of front and rear mansard extension to main rear roof and extension above existing three storey rear addition. Proposed plans from the architect show the following accommodation (NIA): Basement: 583 sq ft (54.2 sq m) - D1 Community Use Ground Floor: 899 sq ft (83.5 sq m) - D1 Community Use First Floor: 660 sq ft (61.3 sq m) - 2 Bed Flat Second Floor: 665 sq ft (61.8 sq m) - 2 Bed Flat Third Floor: 597 sq ft (55.5 sq m) - 1 Bed Flat OFFERED VACANT WITH PLANNING PERMISSION EPC RATING: On application NOTE Planning is subject to a CIL of £29,369.97.
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
*GUIDE PRICE: £800,000 - £825,000
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 10 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 2 BY ORDER OF B TOBIN & P JOSEPH OF STRETTONS AS LPA RECEIVERS 55 BROOKHILL ROAD, BARNET HERTFORDSHIRE EN4 8SF FREEHOLD RESIDENTIAL INVESTMENT (4 FLATS) CURRENTLY PRODUCING £51,600 PER ANNUM
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
• Freehold Detached House LOCATION & DESCRIPTION • Currently Arranged as 4 A detached two storey property extended to the side and rear which comprises 4 flats (1 x 2 bed & 3 x 1 bed). On the north side of Brookhill Road in a predominantly residential area, about ½ mile south of New Barnet mainline station, Self Contained Flats close to the junction with Crescent Road, opposite an Aldi supermarket and adjacent to a local retail parade. • Let to London Borough of ACCOMMODATION Haringey, London Borough Taken From Historic Valuation: of Barnet and London Borough of Hackney First Floor Flat C: Reception/kitchen, bedroom with en-suite shower/WC First Floor Flat D: Reception/kitchen, bedroom with en-suite shower/WC Ground Floor Flat A: Reception, 2 bedrooms each with en-suite shower/WC, kitchen, living room Ground Floor Flat B: Reception/kitchen, bedroom with en-suite shower/WC TENANCY DETAILS We have been verbally advised by the occupiers that each flat is occupied by way of a local authority temporary accommodation agreement. It is our understanding that these persons in occupation have been temporarily placed at the property by various local authorities, including London Boroughs of Barnet, Haringey and Hackney.
We have not had sight of any agreements to this effect, however, we understand that each flat is let as follows: ACCOMMODATION Address Tenant Rent pa Lease Expiry Flat A London Borough of Haringey £15,600 TBC Flat B London Borough of Haringey £12,000 TBC Flat C London Borough of Barnet £12,000 TBC Flat D London Borough of Haringey £12,000 TBC Total £51,600
NOTE Prospective buyers are advised to inspect the legal pack and the addendum for the most up to date position in respect of the tenancy agreements.
*GUIDE PRICE: £595,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 11 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 3 35 HALSTEAD ROAD, ENFIELD, MIDDLESEX, EN1 1QA FREEHOLD VACANT HOUSE FOR REPAIR WITH POTENTIAL FOR EXTENSION/DEVELOPMENT/RECONFIGURATION LOCATION & DESCRIPTION A single bay terraced house on the east side of Halstead Road reached from Southbury Road (A110), a few minutes walk from central Enfield with its numerous national multiple shops and restaurants, the mainline station and Tesco. ACCOMMODATION First Floor: 2 rooms, bathroom/WC Ground Floor: 2 rooms, fitted kitchen Central heating Double-glazing Gardens front and rear. OFFERED VACANT FOR REPAIR AND WITH POTENTIAL TO EXTEND/DEVELOP IN ROOF AND RECONFIGURE (SUBJECT TO CONSENT) EPC RATING: D VIEWINGS All at 11am: Tuesday 15th October Thursday 17th October Tuesday 22nd October Thursday 24th October
*GUIDE PRICE: £350,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 4 21 RANELAGH DRIVE, EDGWARE, MIDDLESEX, HA8 8HJ FREEHOLD VACANT HOUSE FOR IMPROVEMENT LOCATION & DESCRIPTION A semi-detached house in an established residential area, south of Edgware Way (A41) and west of Edgwarebury Lane. Edgware town centre including Edgware underground/bus station (Northern line) and the Broadwalk shopping centre are within about ¾ mile. Edgware is a popular north-west London suburb about 11 miles north west of central London and has good road links via the A41 and M1. ACCOMMODATION First Floor: 3 rooms, bathroom/shower/WC Ground Floor: Lounge & dining room (interconnecting), study, kitchen, sep. WC Garage Front driveway and rear garden OFFERED VACANT FOR IMPROVEMENT WITH POTENTIAL TO EXTEND (SUBJECT TO CONSENT) EPC RATING: D JOINT AUCTIONEER Ashmore & Co Tel: 020 8203 1177 Ref: Philip Wise or Mohamed Mohamedali
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £480,000 - £500,000 ES100004608 ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 12 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 5 75 SCHOOL ROAD, DAGENHAM, ESSEX, RM10 9QD FREEHOLD VACANT HOUSE FOR IMPROVEMENT LOCATION & DESCRIPTION A two storey mid terraced house with driveway. On the north side of School Road between Broad Street and Ballards Road, within close proximity of Heathway (A1240), Heathway shopping centre, Dagenham library and Dagenham Heathway underground station (District line). ACCOMMODATION First Floor: 2 rooms each with en-suite shower/WC Ground Floor: 2 rooms each with en-suite shower/WC, kitchen Outside: Driveway providing parking for one car, Rear garden OFFERED VACANT FOR IMPROVEMENT EPC RATING: E
*GUIDE PRICE: £220,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 6 41 CHURCH STREET, BOCKING, BRAINTREE, ESSEX, CM7 5JY FREEHOLD VACANT DETACHED HOUSE LOCATION & DESCRIPTION A 2 storey detached house on the west side of Church Street within one minute walk of the Co-Op Supermarket and local public houses. The village of Bocking lies about 2 miles north of Braintree with its mainline station (Greater Anglia) and recreational and shopping amenities including the Freeport Designer Outlet Village. ACCOMMODATION (Not inspected) First Floor: 4 bedrooms, bathroom/WC Ground Floor: 2 reception rooms, kitchen Rear garden, central heating OFFERED VACANT
*GUIDE PRICE: £290,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 13 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 7 5 BRIDGE COTTAGES, NORTH SHOEBURY ROAD, SHOEBURYNESS, SOUTHEND-ON- SEA, ESSEX, SS3 8UN FREEHOLD COTTAGE LET ON AN AST LOCATION & DESCRIPTION A two storey cottage within a terrace of 12 similar cottages set back from North Shoebury Road (A13) about 1 mile from both Shoeburyness and Thorpe Bay mainline stations. The property directly backs on to Shoebury Park and is about a mile from the popular East Beach and about 3 miles east of Southend town centre. ACCOMMODATION (Details provided by seller) First Floor: 2 bedrooms Ground Floor: 2 reception rooms, kitchen, bathroom/WC Central heating Long rear garden backing onto park. TENANCY DETAILS Let on an AST for 12 months from 08.07.2013 at the rent of £795 pcm (holding over). EQUIVALENT TO £9,540 p.a. EPC RATING: On application
*GUIDE PRICE: £155,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 8 10 BRIDGE COTTAGES, NORTH SHOEBURY ROAD, SHOEBURYNESS, SOUTHEND-ON-SEA, ESSEX, SS3 8UN FREEHOLD COTTAGE LET ON AN AST LOCATION & DESCRIPTION A two storey cottage within a terrace of 12 similar cottages set back from North Shoebury Road (A13) about 1 mile from both Shoeburyness and Thorpe Bay mainline stations. The property directly backs on to Shoebury Park and is about a mile from the popular East Beach and about 3 miles east of Southend town centre. ACCOMMODATION (Details provided by seller) First Floor: 2 bedrooms Ground Floor: 2 reception rooms, kitchen, bathroom/WC Central heating Long rear garden backing onto park. TENANCY DETAILS Let on an AST for 12 months from 29.06.2012 at the rent of £850 pcm (holding over). EQUIVALENT TO £10,200 p.a. EPC RATING: On application
*GUIDE PRICE: £155,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 14 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 9 2 & 3 BRIDGE COTTAGES, NORTH SHOEBURY ROAD, SHOEBURYNESS, SOUTHEND-ON-SEA, ESSEX, SS3 8UN 2 MODERNISED ADJOINING FREEHOLD TERRACED COTTAGES EACH LET ON AN AST LOCATION & DESCRIPTION A pair of adjoining two storey cottages within a terrace of 12 similar cottages set back from North Shoebury Road (A13) about 1 mile from both Shoeburyness and Thorpe bay mainline stations. The properties directly back on to Shoebury Park and are about a mile from the popular East Beach and about 3 miles east of Southend town centre. NO. 2 BRIDGE COTTAGES NO. 3 BRIDGE COTTAGES ACCOMMODATION (Details provided by seller) Each property comprises: First Floor: 2 bedrooms Ground floor: 2 reception rooms, kitchen, bathroom/WC Central heating Long rear gardens backing on to park. TENANCY DETAILS No 2: AST for 6 months from 02.06.2018 at £795 pcm (holding over). No 3: AST for 6 months from 19.01.2019 at £850 pcm (holding over). EQUIVALENT TO £19,740 p.a. EPC RATING: Both on application NOTE Potential to integrate both cottages to create a larger property subject to consents. Both cottages are held under one freehold title.
*GUIDE PRICE: £300,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 10 23 DRAYTON ROAD, HARLESDEN, NW10 4DE LONG LEASEHOLD VACANT GROUND FLOOR MAISONETTE FOR MODERNISATION LOCATION & DESCRIPTION A ground floor maisonette with own section of garden in a popular residential area east of the A406 North Circular Road, about ½ mile from High Street Harlesden and within ¾ mile from Harlesden station (Overground and Bakerloo lines). Roundwood Park is within a short walking distance. Harlesden lies about 6 miles from central London. ACCOMMODATION 3 rooms, kitchen, bathroom/WC Own section of garden. OFFERED VACANT FOR MODERNISATION LEASE DETAILS 189 years from 29.09.1961 at a peppercorn. EPC RATING: D JOINT AUCTIONEER Harris & Company Tel: 020 8969 1333 Ref: Arjun Popat
*GUIDE PRICE: £320,000 - £330,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 15 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 11 36 LOW HALL LANE, WALTHAMSTOW, E17 8BE LONG LEASEHOLD VACANT FLAT FOR REPAIR/IMPROVEMENT LOCATION & DESCRIPTION A self-contained, purpose built first floor flat with own street door on the north side of Low Hall Lane, just off Markhouse Road (A1006) and a few minutes walk from St James Street mainline station. The well known Walthamstow High Street with its market and numerous national multiple shops and restaurants is about ½ mile away. ACCOMMODATION 3 rooms, kitchen, shower/WC Central heating, double glazing Shed in rear yard OFFERED VACANT FOR REPAIR/IMPROVEMENT LEASE DETAILS 999 years from 1995 at a peppercorn. EPC RATING: On application VIEWINGS All at 10am Tuesday 15th October Thursday 17th October Tuesday 22nd October Thursday 24th October
*GUIDE PRICE: £215,000 plus NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
LOT 12 61 DARTMOUTH ROAD, FOREST HILL, SE23 3HN FREEHOLD VACANT FLAT PLUS COMMERCIAL GROUND RENT LOCATION & DESCRIPTION A self-contained flat with own street entrance arranged over basement, ground, first floor and attic. On the east side of Dartmouth Road between London Road (A205) and Kirkdale, very close to Forest Hill mainline station and opposite Forest Hill Pools. ACCOMMODATION Second Floor Attic: 1 room (part restricted height) First Floor: 2 rooms, kitchen/diner, bathroom, sep. WC Ground Floor: 1 room Shared rear garden, parking for 2 - 3 cars to the rear of the building OFFERED VACANT
Ground Floor Shop: Sold on a 999 year lease at a peppercorn ground rent. EPC RATING: E NOTE There is potential to convert the property into two self-contained flats (subject to planning permission)
*GUIDE PRICE: £350,000 - £360,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 16 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 13 1A GREEN POND ROAD, WALTHAMSTOW, E17 6EN LONG LEASEHOLD VACANT FLAT WITH PLANNING PERMISSION LOCATION & DESCRIPTION A self-contained first floor flat within a double-bayed detached property and with planning permission for an additional room in the loft. On the north side of Green Pond Road and Higham Hill Road between Winns Avenue and Hamilton Road. Blackhorse Road (Victoria line and mainline) station is just under 1 mile away. ACCOMMODATION 2 rooms, kitchen, bathroom/WC PLANNING GRANTED on 05.06.2019 (ref 190911) for construction of dormer roof extension to main rear roof. OFFERED VACANT LEASE DETAILS 189 years from 1982 at a peppercorn ground rent EPC RATING: D
*GUIDE PRICE: £275,000 plus NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
LOT 14 50B NORTHOLME ROAD, HIGHBURY, N5 2UX LONG LEASEHOLD VACANT FLAT LOCATION & DESCRIPTION A split level 1st floor flat within this converted 4 storey house on the south side of Northolme Road about 100 yards east of its junction with Highbury Park close to local shops and recreational amenities. The Emirates Stadium is within walking distance and transport links are provided by Arsenal Underground Station (Piccadilly line) and bus routes to Islington and the City. ACCOMMODATION 3 rooms, kitchen, shower room/WC Central heating. OFFERED VACANT FOR INVESTMENT OR OWNER OCCUPATION LEASE DETAILS 125 years from May 2016 EPC RATING: C VIEWINGS All at 11am Monday 14th October Thursday 17th October Thursday 24th October NOTE See our web site for a computer generated image of possible alternative layout (subject to consents).
*GUIDE PRICE: £400,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 17 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 15 GROUND FLOOR FLAT, 5 JOHNSTONE ROAD, EAST HAM, E6 6JB LONG LEASEHOLD VACANT FLAT LOCATION & DESCRIPTION A purpose built ground floor flat with own street entrance within a mid terraced double bayed property. On the north side of Johnstone Road off High Street South (A117) between Holloway Road and Charlemont Road. Close to both East Ham Nature Reserve and Central Park. ACCOMMODATION 3 rooms, kitchen, shower/WC own rear garden OFFERED VACANT FOR OCCUPATION OR INVESTMENT LEASE DETAILS 189 years from 25.12.1990 at a peppercorn ground rent EPC RATING: D NOTE A six week completion is available
*GUIDE PRICE: £200,000 - £225,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
LOT 16 7 & 7A JOHNSTONE ROAD, EAST HAM, E6 6JB FREEHOLD VACANT FLAT PLUS GROUND RENT LOCATION & DESCRIPTION A pair of purpose built flats within a mid terrace double bayed property. On the north side of Johnstone Road off High Street South (A117) between Holloway Road and Charlemont Road. Close to both East Ham Nature Reserve and Central Park. ACCOMMODATION First Floor: Sold on a long lease for 125 years from 01.01.1998 at a ground rent of £50 p.a. (rising). Ground Floor: 2 rooms, kitchen, bathroom/WC, rear garden OFFERED VACANT FOR OCCUPATION OR INVESTMENT EPC RATING: D NOTE A six week completion is available.
*GUIDE PRICE: £190,000 - £200,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 18 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 17 17A BOUNDARY ROAD, PLAISTOW, E13 9PS LONG LEASEHOLD VACANT FLAT LOCATION & DESCRIPTION A purpose-built flat above commercial premises with own street entrance. On the corner with Benson Avenue just off Barking Road (A124) and within close proximity of both Green Street and Central Park Road. Upton Park station (District line) is ½ mile away. ACCOMMODATION 2 rooms, kitchen, bathroom/WC Central heating, double glazing. OFFERED VACANT FOR OCCUPATION OR INVESTMENT LEASE DETAILS 189 years from 25.03.1989 at a peppercorn ground rent. EPC RATING: E NOTE A six week completion is available.
*GUIDE PRICE: £200,000 - £210,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 18 95A LITTLE ILFORD LANE, MANOR PARK, E12 5PN LEASEHOLD VACANT FLAT FOR IMPROVEMENT LOCATION & DESCRIPTION A self-contained first floor flat within a two storey double bayed property, on the east side of Little Ilford Lane between Brancaster Road and Wolferton Road. Local shops and amenities are nearby on Romford Road (A118) and both Manor Park (scheduled Crossrail) and Woodgrange Park mainline stations are within close proximity along with shopping facilities in Ilford. ACCOMMODATION 3 rooms, kitchen, bathroom/WC Central heating, double glazing Shared rear garden OFFERED VACANT FOR IMPROVEMENT LEASE DETAILS 99 years from 25.03.1985 at a ground rent at £75 p.a. EPC RATING: D NOTE The seller is prepared to serve a Section 42 Notice for a lease extension between exchange and completion.
A six week completion is available.
*GUIDE PRICE: £200,000 - £210,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 19 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 19 MINT HOUSE, 3-11 GRENFELL AVENUE, HORNCHURCH, ESSEX, RM12 4DN LONG LEASEHOLD ROOF SPACE WITH DEVELOPMENT POTENTIAL LOCATION & DESCRIPTION Roof space above a purpose-built block of flats arranged over ground and first floors. On the east side of Grenell Avenue between Rush Green Road (A124) and Gordon Avenue, within close proximity of Grenfell Park and Romford town centre and mainline station. ACCOMMODATION Roof space LEASE DETAILS 125 years from 01.09.2017 NOTE See lease for permission from the freeholder to develop a floor above subject to planning permission. Interested parties should contact the London Borough of Havering.
*GUIDE PRICE: £20,000 - £25,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 20 52 LIMETREES CLOSE, MIDDLESBROUGH, CLEVELAND, TS2 1SL FREEHOLD VACANT HOUSE FOR REPAIR/IMPROVEMENT LOCATION & DESCRIPTION An end of terrace house located within a quiet residential cul-de-sac off Port Clarence Road, an extension of Haverton Hill Road (A1046) within a residential area. To the east of Billingham Industrial Area and on the north side of the River Tees, about 1 mile north of Middlesbrough town centre and approx. 1½ miles east of the A19 which via the A689 connects to the A1(M). ACCOMMODATION (Not inspected) First Floor: 2 rooms, bathroom Ground Floor: 1 room, kitchen, separate WC Gardens front and rear, off-road parking The house is currently boarded up to prevent unauthorised access. OFFERED VACANT FOR REPAIR/IMPROVEMENT THE HOUSE IS SUITABLE FOR INVESTMENT/OCCUPATION
*GUIDE PRICE: £15,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 20 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 21 14D GOODMAYES LANE, ILFORD, ESSEX, IG3 9NZ VACANT FLAT WITH SHARE OF FREEHOLD LOCATION & DESCRIPTION A vacant 1 bedroom flat in the loft area of a double fronted semi-detached property which has been converted into a total of 4 flats. Located on the west side of Goodmayes Lane, close to the junction with Cadigan Gardens and to the south of Green Lane. The nearest station being Goodmayes Overground about a ½ mile to the north which connects to London Liverpool Street. ACCOMMODATION (Not inspected) 2 rooms, kitchen, bathroom/WC Car parking space in front garden OFFERED VACANT WITH A SHARE OF THE FREEHOLD AND SUITABLE FOR OCCUPATION OR INVESTMENT
*GUIDE PRICE: £170,000 plus
LOT 22 DENISON HOUSE, 15 SOUTH PARADE, DONCASTER, SOUTH YORKSHIRE, DN1 2DR FREEHOLD RESIDENTIAL CONVERSION FOR 11 APARTMENTS LOCATION & DESCRIPTION A substantial, detached, Grade II, 3 storey Georgian property with planning consent for 11 apartments approx. ½ mile east of Doncaster town centre and overlooking Regent Square. Doncaster is an historic market town with good road connections being at the intersection of J.35 of the A1(M) and J.2 of the M18 approx. 5 miles north of Doncaster Sheffield Airport (formerly Robin Hood Airport). Doncaster is approx. 19 miles east of Sheffield and south east of Leeds. The property is located on the south side of South Parade within a mixed residential/office environment and South Parade conservation area. The property benefits from planning consents for change of use and alterations from offices to create 11 self-contained apartments (6x1 bed, 4x 2 bed and 1x 3 bed). We are informed that ground works were commenced in May 2018 which were signed off by Building Control. The seller advises that ground works have been undertaken to fix the drainage system and an asbestos survey has been undertaken. ACCOMMODATION Approx. 7,775 sq.ft (722.6 sq.m) with a large rear garden, outbuildings and side access from South Parade, which subject to consent may be suitable for additional residential development. OFFERED VACANT AND BENEFITING FROM PLANNING CONSENT FOR 11 APARTMENTS
*GUIDE PRICE: £200,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 21 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 23 2 & 3 THE CRESCENT, BRIDLINGTON EAST YORKSHIRE YO15 2NX LONG LEASEHOLD RESIDENTIAL PROPERTY - 10 FLATS
NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
• Substantial Residential LOCATION & DESCRIPTION Property A pair of five storey properties fronting both The Crescent and Cliff Street, arranged on part ground and 4 upper floors comprising 10 self-contained flats. • 10 Flats Located close to the main promenade and the seafront within this popular seaside town, overlooking Crescent Gardens • 8 x 2 Beds & 2 x Studios with sea views towards Flamborough Head. Bridlington Harbour is within a short distance and Bridlington station is • Close to the Seafront about ½ mile away. Bridlington lies about 28 miles north of Hull. • Suitable for Holiday Lets ACCOMMODATION 2 x Studio Flats: Each 1 room, kitchen, shower room/WC JOINT AUCTIONEER 6 x 2 Bed Flats: Each 3 rooms (one bedroom with en-suite shower/WC), kitchen, bathroom/WC Hunters Estate Agents - Bridlington 2 x 2 Bed Flats: Each 3 rooms, kitchen, bathroom/WC, sep. WC 01262 674252 Ref: Stevie Giles Flat 2, No. 3 The Crescent (2 Bed) is let on a 12 month AST from 01.04.2019 at £525 pcm. MAJORITY OFFERED VACANT (1 FLAT LET ON AST) LEASE DETAILS Held on two separate headleases for 999 years from 1989 & 1990 at a peppercorn. EPC RATING: On application
VIEW FROM THE PROPERTY
*GUIDE PRICE: £480,000 - £500,000
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 22 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 24 54 ISLINGTON PARK STREET, ISLINGTON N1 1PX FREEHOLD INVESTMENT OPPORTUNITY CURRENTLY PRODUCING £60,200 PER ANNUM
NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
• Freehold Public House LOCATION & DESCRIPTION Investment The property comprises a mid terraced, part three storey building of traditional construction providing a ground floor bar/ restaurant with two flats above, the latter having been sold off on long leases. • Equivalent to £60,200 p.a. • 1,844 sq ft (171 sq m) Islington Park Street is located off Upper Street (A1), being one of the main arterial thoroughfares between Islington and central London. Highbury and Islington station (Victoria Line, Overground and Great Northern Railway) lies JOINT AUCTIONEER approximately 0.3 miles to the north. Cooper Kendall ACCOMMODATION (Based on VOA website) Tel: 020 7495 3366 The ground floor unit extends to approximately 171.34 sq m (1,844 sq ft) and comprises a bar area, kitchens, storage and WC. It is understood that the first floor flat comprises three rooms, kitchen and bathroom/WC and that the second floor flat comprises one room, kitchen/diner and bathroom/WC. TENURE Freehold ACCOMMODATION Address Tenant Rent pa Lease Expiry Ground Floor A Fontana and A Guglielmi £60,000 25 Years from 01.09.2000 First Floor Flat Individual £100 125 Years from 24.06.1992 Second Floor Flat Individual £100 125 Years from 24.06.1992
LEASE DETAILS The ground floor is let on FRI terms and is subject to 5 yearly rent reviews. The passing rent was set in 2015 with the next review in 2020. NOTE The ground floor retail unit currently trading as "Little Bat"; a popular and well regarded public house with a 4.4 star rating on Google from 195 reviews. It is part of the same chain as the well established "Calloh Callay" bar in Shoreditch and was the winner of the "Design My Night" awards 2016/2017 for "Best New Venue in Angel" and also "Best Bar in Angel".
*GUIDE PRICE: £850,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 23 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 25 BY ORDER OF B TOBIN & P JOSEPH OF STRETTONS AS LPA RECEIVERS 26 HIGH STREET, WEST COKER YEOVIL SOMERSET BA22 9AR MIXED RETAIL/RESIDENTIAL INVESTMENT PROPERTY. PART LET, EQUIVALENT TO £4,800 P.A.
• Freehold LOCATION & DESCRIPTION • Retail Investment The property forms an end terrace building arranged over ground and one upper floor and comprises a retail shop and a studio flat to the ground floor and a first floor studio flat. The property extends to circa 54.9 sq m (591 sq ft). • Equivalent to £4,800 p.a. • 2 Vacant Flats West Coker is a small village situated 2.5 miles south west of Yeovil with the A30 trunk road running through the centre of the village. The property is situated on the south side of High Street in a mixed residential/retail area. JOINT AUCTIONEER Adjacent occupiers include the Post Office, the "Inn the Square" public house and an independent butcher. Tim Wright, RMW Knight ACCOMMODATION 01935 432044 Ground Floor: Retail Sales Area: 14 sq m (151 sq ft) Studio flat: Living/bedroom/kitchenette and en suite - 14.4 sq m (155 sq ft)
First Floor: Studio flat: Living/bedroom/kitchenette and en suite - 26.5 sq m (285 sq ft) ACCOMMODATION Ground Floor Shop Let at £400 pcm Ground Floor Studio Vacant First Floor Studio Vacant
NOTE Prospective buyers should note that any items that have been left in either of the unoccupied flats will be removed before completion.
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
*GUIDE PRICE: £70,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 24 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 26 472 NORTH CIRCULAR ROAD, NEASDEN, NW10 1SP FREEHOLD VACANT HOUSE IN MULTIPLE OCCUPATION LOCATION & DESCRIPTION A two storey, semi detached property arranged as a House in Multiple Occupation on the east side of the A406 North Circular Road just south of the A4088 Neasden Underpass and within ½ mile of Neasden underground station (Jubilee line). Gladstone Park is about a mile away. Neasden lies about 2 miles from Wembley Stadium and 7 miles from central London. ACCOMMODATION First Floor: 3 rooms (2 with en-suite shower/WC), bathroom/WC Ground Floor: 2 rooms (each with en-suite shower/WC), communal kitchen/dining/living room. Front driveway and rear garden PLANNING Planning was granted by Brent Council on 14.12.2018 (Ref: 18/3830) for change of use to a 5 person/5 bedroom House in Multiple Occupation. OFFERED VACANT EPC RATING: D NOTE There may be potential to develop the roof space to create further rooms subject to all necessary consents. JOINT AUCTIONEER Hoopers Tel: 020 8450 1633 Ref: John Hooper
*GUIDE PRICE: £475,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
LOT 27 2A WOBURN AVENUE, ELM PARK, HORNCHURCH, ESSEX, RM12 4PQ FREEHOLD WORKSHOP/GARAGE INVESTMENT LOCATION & DESCRIPTION A detached single storey workshop/garage located on the eastern side of Woburn Avenue, a residential crescent off the south side of Elm Park Avenue approx. 400m east of Upper Mountain Road (A125), whilst Elm Park Underground station is about 100m to the south. ACCOMMODATION We are informed that the property has a floor area of 355 sq ft (33 sq m) and a site area of 815 sq ft (75 sq m). We are advised that the property is subject to an oral tenancy at £400 per month, equivalent to £4,800 p.a.
THE PROPERTY IS SUITABLE FOR INVESTMENT, OCCUPATION AND SUBJECT TO CONSENT MAY HAVE DEVELOPMENT POTENTIAL
*GUIDE PRICE: £80,000 - £90,000 NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 25 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 28 STANLEY HOUSE & STATION HOUSE, STATION APPROACH, LONDON ROAD, GREAT CHESTERFORD ESSEX CB10 1NY VACANT LEASEHOLD OFFICES
NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
• Vacant Office with Income LOCATION & DESCRIPTION Potential The properties are located in the village of Great Chesterford which is approx. 1 mile east of the J9 of the M11 and some 9 miles south of Cambridge and 5 miles north of Saffron Walden. Located at the end of Station Approach and • Adjacent Great Chesterford adjacent to Great Chesterford mainline station within a mixed commercial/industrial area. The property comprises 2 Mainline Station office buildings connected by a brick walkway and a fenced car parking area for approx. 30 cars. Stanley House: A modern 2 storey office building which we understand was constructed in 2001. The property benefits from good natural light from large double glazed windows to the front elevation. The first floor is arranged as a large meeting room with a mixture of positioned and open plan offices. The ground floor is a large conference /training room & reception. Station House comprises the former Great Chesterford Station building and is Grade II listed. The building provides office accommodation over ground and first floors. ACCOMMODATION Stanley House First Floor: 1,645 sq. ft (152.8 sq. m) Second Floor: 2,309 sq. ft (214.5 sq. m) Total 3,954 sq. ft (367.3 sq.m )
Station House: First Floor: 1,189 sq. ft (110.5 sq.m) Second Floor: 1,334 sq. ft (123.9 sq.m) Total 2,523 sq.ft (234.4 sq.m) Fenced car park for approx. 30 cars LEASE DETAILS Both properties are held on long leases for a term of 99 years from Nov 1990, (approx 70 years unexpired) at a current ground rent of £9,000 p.a. We are advised that the Landlord has served notice for an increase of £10,500 p.a.
OFFERED VACANT AND SUITABLE FOR INVESTMENT OR OCCUPATION AND SUBJECT TO CONSENTS MAY BE SUITABLE FOR FUTURE DEVELOPMENT EPC RATING: Stanley House - D Station House - D NOTE We understand that Stanley House is registered for VAT. We are awaiting the position on Station House.
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 26 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 28
*GUIDE PRICE: £375,000 - £400,000
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 27 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
ON THE INSTRUCTION OF THE JOINT FIXED CHARGE RECEIVERS J WILLS & N PASK OF LOT 29 AVISON YOUNG 140 HIGH TOWN ROAD, 31-37 CHARLES STREET, LUTON BEDFORDSHIRE LU2 0DJ PART VACANT LONG LEASEHOLD GROUND RENT INVESTMENT
NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
• Income Producing LOCATION & DESCRIPTION • Part Vacant Long Leasehold The property comprises the long leasehold interest in an established light industrial estate with associated yard and car parking. Located on the east side of High Town Road, at its junction with Charles Street within a mixed Investment industrial/commercial area approximately ½ mile north of Luton town centre and mainline station. Luton is a busy well • Vacant Commercial Unit connected town being adjacent to Junction 10 of the M1 and benefiting from Luton Airport and about 30 miles north of Approx. 11,250 sq.ft. central London. The estate comprises a total of six industrial units: one vacant and five subject to long under leases. (1045.8 sq.m.) ACCOMMODATION Floor areas taken from VOA website. Interested parties to rely on their own enquiries Address Floor Area Total Underlease Details 1C 140 High Town Road 107 yrs from 2000 at £5,700pa* F/F: Office/stores 1,414 sq.ft (131.4 sq.m) G/F: w'ksp/office/under mez. 2,970 sq.ft (276 sq.m) 4,384 sq.ft (407.4 sq.m) 1 140 High Town Road VACANT F/F + Mez. 4,235 sq.ft (393.6 sq.m) G/F: w'hse/office/kitchen/under mez. 7,022 sq.ft (652.7.sq m) 11,257 sq.ft (1046.3 sq.m) 31 Charles Street 120 yrs from 1987 at £2,500 pa F/F 660 sq.ft (61.32 sq.m) G/F 725 sq.ft (67.35 sq.m) 1,385 sq.ft (128.67 sq.m) 33 Charles Street 124 yrs from 1987 at £2,500 pa F/F 880 sq.ft (81.75 sq.m) G/F 900 sq.ft (83.61 sq.m) 1,780 sq.ft (165.36 sq.m) 35 Charles Street 124 yrs from 1987 at £2,500 pa F/F 880 sq.ft (81.75 sq.m) G/F 900 sq.ft (83.61 sq.m) 1,780 sq.ft (165.36 sq.m) 37 Charles Street 106 yrs from 2001 at £2,500 pa F/F 880 sq.ft (81.75 sq.m) G/F 900 sq.ft (83.61 sq.m) 1,780 sq.ft (165.36 sq.m) Head Lease details: The entire property is held on a ground lease for a term of 125 years from June 1987 approximately 93 years unexpired at a ground rent of £7,500 + VAT per quarter. Subject to 5 yearly rent reviews on a "bare land" open market basis with the next review in May 2020. 31, 33, 35 and 37 Charles Street the lessee pays for each of these 4 units 6.25% of service charge and insurance around £10,000 p.a. Offered wih the benefit of Unit 1 being vacant and is suitable for occupation or subletting. PRODUCING THE EQUIVALENT (IF DEMANDED) £15,750 P.A. *Note 1: Due to an intermediate lease having been disclaimed, please refer to auctioneers and legal pack for more information on the interest of this occupier. ACCOMMODATION *GUIDE PRICE: £150,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 28 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 30 53-57 TURNERS HILL, CHESHUNT WALTHAM CROSS HERTFORDSHIRE EN8 8NT LONG LEASEHOLD (999 YEARS) VACANT UPPER PARTS & ROOF SPACE WITH PLANNING PERMISSION FOR 11 FLATS
NOT TO SCALE FOR INFORMATION ONLY © CGI IMAGE OF PROPOSED DEVELOPMENT ES100004608
• Offered Vacant With LOCATION & DESCRIPTION Planning Permission for A substantial first floor office & roof space with planning for 11 flats. On the corner with Albury Grove Road virtually at the roundabout with College Road & opposite Tesco Metro along with numerous other shops, banks & restaurants. Extension and Part Cheshunt mainline station is within close proximity and easy road access is via the A10 and J25 of the M25. Conversion PLANNING • PP for 11 Flats (1 x Studio 5 GRANTED on 10.06.2017 (Ref:07/17/0152/PNRES) for prior notification of change of use of first floor office B1(a) to x 1 Bed 4 x 2 Bed 1 x 3 Bed residential C3 (5 flats). Further planning permission granted on the roof space on 02.05.2019 for the extension of a • Within 1/2 Mile of second and third floor as well as alterations to the elevations to provide 6 flats. Cheshunt Station Proposed plans show the following accommodation: • Freeholder Consent ACCOMMODATION ACCOMMODATION Granted • The Existing First Floor Unit Floor Beds SqFt Unit Floor Beds SqFt accommodation extends to 1 1st 2 731 7 2nd and 3rd 1 667 2,929 sq.ft (272 sq.m) 2 1st 1 506 8 2nd and 3rd 1 668 3 1st 1 549 9 2nd and 3rd 2 796 4 1st Studio 408 10 2nd and 3rd 2 796 5 1st 1 560 11 2nd and 3rd 2 796 6 2nd and 3rd 3 1,119 Total 7,616 (708 SqM)
*GUIDE PRICE: £1,000,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 29 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 31 55 MEADS LANE, SEVEN KINGS, ILFORD, ESSEX, IG3 8QL FREEHOLD COMMERCIAL INVESTMENT PLUS REVERSIONARY GROUND RENT LOCATION & DESCRIPTION A mid terrace property comprising a ground floor shop, first floor flat (sold off) and a rear building (accessed via St Albans Road) which includes a first floor flat. Forming part of a local parade in a popular residential area about ½ mile from Seven Kings mainline station, ¾ mile from Newbury Park underground station (Central line), close to Seven Kings Park and having good road links via the A12 Eastern Avenue. ACCOMMODATION Ground Floor Shop & Rear First Floor Flat (55b): Shop: 502 sq ft (47 sq m) plus external WC & cold store Flat: Bedroom, living room/kitchenette and shower/WC Let on a repairing and insuring lease to Mohamed Umarji Adam and Usman Khan for 20 years from 23.05.2018 at £16,500 p.a. Rent reviews 2023 & 4 yearly. First Floor Flat (55a): Sold on a 99 year lease from 25.03.1985 (about 64½ years unexpired) at a current ground rent of £100 p.a. rising. EQUIVALENT TO £16,600 p.a. PLUS REVERSIONARY GROUND RENT EPC RATING: Shop = B & Flat (55b) = E
NOT TO SCALE FOR INFORMATION ONLY © REAR BUILDING *GUIDE PRICE: £210,000 - £220,000 ES100004608
LOT 32 72 HIGH STREET, BIDFORD-ON-AVON, ALCESTER, WARWICKSHIRE, B50 4AD FREEHOLD COMMERCIAL INVESTMENT & VACANT UPPER PART FOR REPAIR LOCATION & DESCRIPTION An end of terrace, double fronted Grade II listed, corner property at the junction of the High Street and Bidford Bridge. In the centre of this attractive and popular riverside village in east Warwickshire approx. 7 miles west of Stratford-on-Avon and 25 miles south of Birmingham. The property is within the Bidford-on-Avon conservation area, and a short walk from Bidford Bridge which offers views across the River Avon. ACCOMMODATION A 2 storey property with an archway leading to a rear yard arranged as a ground floor restaurant (approx. 40 covers) bar area and rear store and together with self-contained upper parts. Comprising a vacant ground floor, Indian restaurant and kitchen with self- contained upper parts. Restaurant/Kitchen: 1015 sq.ft (94.6 sq.m) - subject to 7 year lease from 2015 at £1250 per month. Upper First Floor: 6 rooms, kitchen, bathroom - VACANT for repair/improvement EQUIVALENT TO £15,000 PA WITH THE BENEFIT OF VACANT UPPER PARTS WHICH ARE IN NEED OF REPAIR/IMPROVEMENT
*GUIDE PRICE: £200,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 30 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000
BY ORDER OF A PENSION LOT 33 FUND 80/82 CHANNEL STREET, GALASHIELS, SELKIRKSHIRE, SCOTLAND, TD1 1BD HERITABLE (SCOTTISH EQUIVALENT OF FREEHOLD) VACANT COMMERCIAL PREMISES & UPPER PART LOCATION & DESCRIPTION A double fronted property comprising a ground floor retail unit (previously a fitness club) with internal access to first floor ancillary accommodation. There is a rear service area accessed from Overhaugh Street. Occupying a prominent position within the town centre, adjacent to Card Factory and close to a variety of multiple retailers including Boots Opticians, O2, Domino’s, TSB, Subway and Nationwide. Galashiels station is within ¼ mile. Galashiels lies about 35 miles south of Edinburgh. ACCOMMODATION (Based on Scottish Assessors Association website) Ground Floor: 1,702 sq ft (158 sq m) First Floor: 1,187 sq ft (110 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (STC) EPC RATING: E NOTE 1.Planning granted by Scottish Borders Council on 31.07.2017 (Ref: 17/00814/FUL) for the change of use from fitness suite (Class 11) to form 2 No. retail units (Class 1) and alterations to shop front. 2.There may be potential to convert the upper part into residential and sub-division of the ground floor subject to all necessary consents. JOINT AUCTIONEER Caledonia Management Ltd Tel: 07795 906359 Ref: Colin Steele
VIEW TOWARDS MARKET STREET NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £35,000 - £40,000 ES1000004608
UPON THE INSTRUCTIONS OF LOT J SMITH & A HUGHES AS LPA 34 RECEIVERS UNIT 1-2 BUILDING NORTH SIDE, MAIN CROSS ROAD, GREAT YARMOUTH, NORFOLK, NR30 3NZ FREEHOLD VACANT WORKSHOP & OFFICES FOR REPAIR/IMPROVEMENT LOCATION & DESCRIPTION A 2 storey terraced property arranged around an off-road yard/forecourt on the north side of Main Cross Road. Located within the established South Denes Industrial area approx. 2 miles south of Great Yarmouth town centre and ½ mile of the Pleasure Beach. Great Yarmouth is a seaside resort town of the Norfolk Court approx. 15 miles east of Norwich and about 110 miles north east of London. ACCOMMODATION A terraced property with 2 separate extensions to the front elevation to for the gated courtyard. Unit 1 Ground Floor 2465 sq.ft. 229 sq.m. Unit 2 Ground/First 3010 sq.ft. 279 sq.m. Total 5475 sq.ft. 508 sq.m.
OFFERED VACANT FOR REPAIR/IMPROVEMENT THE PROPERTY IS SUITABLE FOR OCCUPATION/INVESTMENT EPC RATING: On application
*GUIDE PRICE: £140,000 - £150,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 31 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 35 BY ORDER OF JCDECAUX LAND ON THE NORTH & WEST SIDES OF UPTON LANE, FOREST GATE E7 9NN FREEHOLD VACANT SITE WITH DEVELOPMENT POTENTIAL
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
• Freehold LOCATION & DESCRIPTION • Vacant Former Advertising A former advertising site occupying a prominent corner position on the A114 Upton Lane about ¼ mile south of the junction with the A118 Romford Road and ¼ west of the junction with Green Street. Forest Gate mainline station is Site about ½ mile away and Wanstead Park overground station within ¾ mile. West Ham Park is also within close • Forest Gate Mainline proximity. Forest Gate has good road links via the A406 North Circular Road which links with the A12, A13 & M11. Station within ½ mile SITE AREA: (from digital mapping) • Development Potential 2,210 sq ft (205 sq m) PLANNING Outline planning consent was granted by London Borough of Newham on 06.08.2008 (now lapsed) Ref: 08/01582/OUT for removal of existing advertising hoardings and redevelopment of land for the erection of a part two and part three storey building comprising of a Class A1 retail shop on the ground floor and 4 flats (3 x 1 bed and 1 x 2 bed) on the upper floors (Outline). ACCOMMODATION OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
*GUIDE PRICE: £300,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 32 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000
BY ORDER OF JCDECAUX LOT 36 LAND AT JUNCTION OF LONDON ROAD & MANSE WAY, SWANLEY, KENT, BR8 8DD FREEHOLD VACANT SITE LOCATION & DESCRIPTION A former advertising site adjacent to a local parade in a mainly residential area and about a mile from the town centre and Swanley station. Swanley lies about 17 miles from central London and has good road access via the A20, M20 and M25 (Junction 3). ACCOMMODATION Site Frontage to Manse Way (from digital mapping): 160 ft Site Area (from digital mapping): 4,830 sq ft (449 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £140,000 - £150,000 ES100004608 ES100004608
BY ORDER OF JCDECAUX LOT 37 LAND ON THE EAST SIDE OF CHURCH RD, WALTON-ON-THE-NAZE, ESSEX, CO14 8DJ FREEHOLD VACANT SITE LOCATION & DESCRIPTION A former advertising site at the junctions with Agar Road, Church Road and The Parade, within this popular seaside town. Walton-on-the-Naze station is diagonally opposite and Walton Pier and the seafront are within a short distance. SITE AREA: (from digital mapping) 5,387 sq ft (500 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £75,000 - £80,000 ES100004608 ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 33 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
BY ORDER OF JCDECAUX LOT 38 LAND ON GREAT NORTHERN ROAD, DUNSTABLE, BEDFORDSHIRE, LU6 3HY FREEHOLD VACANT SITE LOCATION & DESCRIPTION An advertising site at the junction with the busy A5183 High Street South within this popular mixed commercial/residential area, close to a Vauxhall dealership and within about ½ mile of Dunstable town centre. Dunstable has good road links via the M1 and lies about 5 miles from Luton. ACCOMMODATION 2 x 48 sheet advert hoardings (formerly 3 hoardings) Site Area (from digital mapping): 1,279 sq ft (119 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £28,000 - £30,000 ES100004608 ES100004608
BY ORDER OF JCDECAUX LOT 39 LAND ON THE NORTH SIDE OF BITTERNE ROAD EAST, BITTERNE, SOUTHAMPTON, HAMPSHIRE, SO18 5EQ FREEHOLD VACANT SITE LOCATION & DESCRIPTION A rectangular site (between 509 & 515) on the A334 Bitterne Road East within the popular suburb of Bitterne, about ¼ mile from the shopping precinct, close to local schools and a mile from Bitterne station. SITE AREA: (from digital mapping) 4,315 sq ft (401 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 *GUIDE PRICE: £90,000 - £100,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 34 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000
BY ORDER OF JCDECAUX LOT 40 LAND ON LONGFORD ROAD, LONGFORD, COVENTRY, WEST MIDLANDS, CV6 6DY FREEHOLD VACANT SITE LOCATION & DESCRIPTION An advertising site on the west side of Longford Road, fronting a car sales lot, opposite Longford Park and about ½ mile from the Arena Park Shopping Centre, Ricoh Arena and Coventry Arena station. Longford lies about 3 miles north of Coventry city centre. ACCOMMODATION 4 x 48 & 1 x 16 sheet advert hoardings Site Frontage (from digital mapping): 125 ft Site Area (from digital mapping): 3,315 sq ft (308 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £35,000 - £40,000 ES100004608 ES100004608
BY ORDER OF JCDECAUX LOT 41 LAND ON THE SOUTH EAST SIDE OF STONEY STANTON ROAD, COVENTRY, WEST MIDLANDS, CV6 5FY FREEHOLD SITE LOCATION & DESCRIPTION A rectangular, former advertising site adjacent to 657 Stoney Stanton Road and about 1½ miles from Coventry city centre and Coventry University. SITE AREA: (from digital mapping) 2,220 sq ft (206 sq m) Let to The Council of The City of Coventry for 14 years from 01.12.1979 (holding over) at a peppercorn. OFFERED WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £35,000 - £40,000 ES100004608 ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 35 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
BY ORDER OF JCDECAUX LOT 42 LAND ON THE SOUTH SIDE OF HORSELEY FIELDS, WOLVERHAMPTON, WEST MIDLANDS, WV1 3LR FREEHOLD VACANT SITE LOCATION & DESCRIPTION An advertising site on the south side of the A454 Horseley Fields near to the junction with Shakespeare Street, a short distance from the A4150 Wolverhampton Ring Road which surrounds the city centre. ACCOMMODATION 1 x 48 sheet advert hoarding Site Area (from digital mapping): 2,750 sq ft (255 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 *GUIDE PRICE: £14,000 - £15,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
BY ORDER OF JCDECAUX LOT 43 183, 185 & 187 STATION ROAD, SWINTON, MANCHESTER, M27 6BU LONG LEASEHOLD VACANT SITE LOCATION & DESCRIPTION A former advertising site in a mixed commercial/residential area near to the junction with the A666 Bolton Road which links with the M60 Manchester Outer Ring Road. Swinton station is within ½ mile. SITE AREA: (from digital mapping) 1,700 sq ft (158 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS) LEASE DETAILS 999 years from 25.03.1871 at a fixed ground rent of £8.70 p.a.
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £85,000 - £90,000 ES100004608 ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 36 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000
BY ORDER OF JCDECAUX LOT 44 LAND ON BRIDGE STREET, HEYWOOD, GREATER MANCHESTER, OL10 1JF LONG LEASEHOLD VACANT SITE LOCATION & DESCRIPTION A roughly square site with parking to the rear, on the south side of the A58 Bridge Street and opposite an Iceland supermarket. SITE AREA: (from digital mapping) 3,500 sq ft (325 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (STC) LEASE DETAILS 999 years from 01.11.1791 at £1.46 p.a. NOTE VAT is payable.
NOT TO SCALE, FOR INFORMATION ONLY © NOT TO SCALE, FOR INFORMATION ONLY © *GUIDE PRICE: £45,000 - £50,000 ES1000004608 ES1000004608
BY ORDER OF JCDECAUX LOT 45 LAND ADJOINING 5 BOLTON ROAD, BURY, GREATER MANCHESTER, BL8 2AB FREEHOLD VACANT SITE LOCATION & DESCRIPTION An advertising site on the A58 Bolton Road (which runs off the M66 about 2 miles away), adjacent to a local parade, a short distance from a Lidl supermarket and within ½ mile of Bury town centre. ACCOMMODATION 1 x 48 sheet advert hoarding Site Area (from digital mapping): 554 sq ft (51 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £9,000 - £10,000 ES100004608 ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 37 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
BY ORDER OF JCDECAUX LOT 46 LAND ON THE CLOUGH, MIRFIELD, WEST YORKSHIRE, WF14 9DN FREEHOLD VACANT SITE LOCATION & DESCRIPTION An irregular shaped advertising site at the junction with the A644 Huddersfield Road which links with the M62 (Junction 25) about 2 miles away. The site is opposite a local pub and close to an industrial estate. ACCOMMODATION 1 x 48 sheet advert hoarding Site Area (from digital mapping): 2,600 sq ft (242 sq m) OFFERED VACANT
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £9,000 - £10,000 ES100004608 ES100004608
BY ORDER OF JCDECAUX LOT 47 LAND ON ALBION ROAD, NORTH SHIELDS, TYNE AND WEAR, NE29 0HS FREEHOLD VACANT SITE LOCATION & DESCRIPTION An advertising site on the north side of the A193 Albion Road at the junction with Ayre's Terrace, within the Camp Terrace conservation area and a short distance from the town centre. ACCOMMODATION 7 x 48 & 1 x 32 sheet advert hoardings. Site Frontage (from digital mapping): 135 ft Site Area (from digital mapping): 6,000 sq ft (557 sq m) OFFERED VACANT WITH DEVELOPMENT POTENTIAL (SUBJECT TO ALL NECESSARY CONSENTS)
NOT TO SCALE FOR INFORMATION ONLY © NOT TO SCALE FOR INFORMATION ONLY © *GUIDE PRICE: £55,000 - £60,000 ES100004608 ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 38 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 48 GARAGES TO THE REAR OF 19-21 PARK LANE, SWINDON, WILTSHIRE, SN1 5EL FREEHOLD BLOCK OF 27 GARAGES FOR INVESTMENT OR DEVELOPMENT LOCATION & DESCRIPTION A block of 27 garages and associated land to the rear of Park Lane between Dean Street and Joliffe Street just south of the Designer Outlet Village and about a mile west of Swindon mainline station. The site may have potential for redevelopment. Architects' drawings showing a proposed indicative scheme can be requested from the auctioneers. ACCOMMODATION 27 garages comprising 22 single garages. (Approx. 16'6 x 8'). Garages 1 & 2 and 4 & 5 are combined to form 2 double garages (16' wide) Garage 6 (approx. 12' wide), Garage 10 (approx. 24' wide) and garage 10a (approx. 13' wide). Additional parking area behind garages 10 & 10a. SITE AREA: (from digital mapping) 0.20 acres (0.08 hectares, 790.72 sq. m., 8511.23 sq. ft.) TENANCY DETAILS Garages 9 and 24 are sold off on 99 year leases from March 1985 (64½ years unexpired). The remaining garages are let on monthly terms currently producing £1500.38 pcm with 2 vacant garages. (Most current rents have not been increased for many years). EQUIVALENT TO £18,004 p.a, WITH SCOPE FOR INCREASE PLUS 2 VACANT OVERSIZED GARAGES AND DEVELOPMENT POTENTIAL (SUBJECT TO NECESSARY CONSENTS) *GUIDE PRICE: £240,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 49 GARAGES AND LAND TO THE REAR OF 3- 5 HORACE AVENUE, ROMFORD, ESSEX, RM7 0XA FREEHOLD GARAGES AND LAND INVESTMENT LOCATION & DESCRIPTION A block of nine lock-up garages and and access road on the south side of Horace Avenue close to its junction with Philip Avenue just south of Rush Green Road and about 1 mile from Romford town centre. ACCOMMODATION Security gate leading to access road. 9 lock up garages with up and over doors TENANCY DETAILS All let on various agreements at £237.25 per quarter. EQUIVALENT TO £8,541 p.a. WITH POTENTIAL TO INCREASE AND DEVELOPMENT POTENTIAL (SUBJECT TO NECESSARY CONSENTS)
*GUIDE PRICE: £120,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 39 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 50 GARAGES 1 & 2 ADJACENT TO 1 HEATH CLOSE, HARLINGTON, HAYES, MIDDLESEX, UB3 5LA FREEHOLD VACANT GARAGES CLOSE TO HEATHROW AIRPORT LOCATION & DESCRIPTION A pair of lock up garages in this detached block on the south side of Heath Close at its junction with Harlington High Street (A437) opposite the Holiday Inn-Heathrow Ariel Hotel and within a few hundred yards of Heathrow Airport. ACCOMMODATION 2 lock up garages with up and over doors OFFERED VACANT MAY HAVE DEVELOPMENT POTENTIAL SUBJECT TO CONSENTS
NOT TO SCALE FOR INFORMATION ONLY © ES100004608 *GUIDE PRICE: £30,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 51 LAND TO THE REAR OF ST. JAMES GARDENS, LITTLE HEATH, ROMFORD, ESSEX, RM6 5RY FREEHOLD VACANT LAND LOCATION & DESCRIPTION 3 vacant plots of mainly wooded land of varying sizes just north of Eastern Avenue (A12) at its junction with Hainault Road and Barley Lane and backing onto the rear gardens of the houses on the south side of St James Gardens. The King George Hospital lies just to the south of the A12. SITE AREA: (from digital mapping) 0.25 acres (1012 sq. m.) NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608 0.06 acres (254.6 sq. m.) 0.02 acres (61.4 sq. m.) OFFERED VACANT WITH POTENTIAL FOR VARIOUS USES SUBJECT TO THE NECESSARY CONSENTS
*GUIDE PRICE: £30,000 plus NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 40 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 52 LAND ADJACENT TO WAYSIDE COMMERCIAL ESTATE, ALFREDS WAY, BARKING, ESSEX, IG11 0AQ FREEHOLD VACANT LAND LOCATION & DESCRIPTION A small rectangular piece of land on the south side of the A13 (Alfreds Way), abutting the car park of the Wayside Commercial Estate, which is accessed directly off the west bound carriageway of the A13 where a number of retail warehouses can be found. Potential for Advertising Hoarding subject to consents. ACCOMMODATION A rectangular piece of land (not measured). OFFERED VACANT.
NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
*GUIDE PRICE: £900 - £1000 NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
BY ORDER OF LOT 53 TRUSTEES 44/44A BRUCE AVENUE, SHEPPERTON, MIDDLESEX, TW17 9DW FREEHOLD PAIR OF FLATS - 1 REGULATED TENANCY & 1 GROUND RENT LOCATION & DESCRIPTION A pair of self-contained purpose built flats with own street doors on the west side of Bruce Avenue in a quiet residential location amidst similar style properties (see next lots). Shepperton mainline station is a short walk away. ACCOMMODATION 44A First Floor Flat: Accommodation from Rent Register: 4 rooms, kitchen, bathroom, WC Central heating Subject to a regulated tenancy (registered & effective 15.10.2018) at £1,000 pcm.
44 Ground Floor Flat: 125 years from 25.12.2017 at £100 p.a. rising. EQUIVALENT TO £12,100 p.a. EPC RATING: On application VIEWINGS There will not be any viewing dates NOTE Please make an offer on this lot
*GUIDE PRICE: £200,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 41 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
BY ORDER OF TRUSTEES & A PRIVATE INDIVIDUAL LOTS 54-59
A PORTFOLIO OF GROUND RENTS IN BRUCE AVENUE, SHEPPERTON, MIDDLESEX TW17 9DW 6 FREEHOLD GROUND RENTS MANY REVERSIONS BETWEEN 63 & 85 YEARS
46/46A BRUCE AVENUE 40/40A BRUCE AVENUE 52/52A BRUCE AVENUE 54/54A BRUCE AVENUE
50/50A BRUCE AVENUE 42/42A BRUCE AVENUE NOT TO SCALE FOR INFORMATION ONLY © ES100004608 LOCATION & DESCRIPTION Six freehold properties comprising six pairs of flats/maisonettes (12 in total) in Bruce Avenue all within a short walk of each other and with Shepperton mainline station a short distance away.
LOT Address Term in Years Rent p.a. Guide Price 54 46 Bruce Avenue TW17 9DW 99 from 25.12.1983 - 63 years unexpired £100 p.a. (rising) £50,000 plus 46A Bruce Avenue TW17 9DW 99 from 25.12.1983 - 63 years unexpired £100 p.a. (rising)
55 40 Bruce Avenue TW17 9DW 99 from 25.12.1983 - 63 years unexpired £100 p.a. (rising) £30,000 plus 40A Bruce Avenue TW17 9DW 99 from 24.06.2005 - 85 years unexpired £50 p.a. (rising)
56 52 Bruce Avenue TW17 9DW 99 from 25.12.1983 - 63 years unexpired £100 p.a. (rising) £30,000 plus 52A Bruce Avenue TW17 9DW 125 from 25.12.2014 £200 p.a. (rising)
57 54 Bruce Avenue TW17 9DW 99 from 24.06.2005 - 85 years unexpired £50 p.a. (rising) £30,000 plus 54A Bruce Avenue TW17 9DW 99 from 25.12.1983 - 63 years unexpired £100 p.a. (rising)
58 50 Bruce Avenue TW17 9DW 99 from 29.09.2003 - 83 years unexpired £50 p.a. (rising) £7,000 - £8,000 50A Bruce Avenue TW17 9DW 131 from 25.12.1983 £100 p.a. (rising)
59 42 Bruce Avenue TW17 9DW 126 from 25.12.1983 - 90 years unexpired £100 p.a. (rising) £3,500 - £4,000 42A Bruce Avenue TW17 9DW 158 from 25.12.1983 £100 p.a. (rising)
EQUIVALENT TO £1,150 p.a. WITH 8 LEASES HAVING BETWEEN 63 YEARS - 85 YEARS UNEXPIRED
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 42 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 60 BROADGATE 727 BARKING ROAD, PLAISTOW E13 9ES FREEHOLD GROUND RENT INVESTMENT WITH DEVELOPMENT POTENTIAL - 29 FLATS - 24 LEASES WITH 64 YEARS UNEXPIRED
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
• Freehold Tower Block LOCATION & DESCRIPTION • 29 Flats - 24 Leases with A large tower block comprising 29 self-contained flats with parking, cycle sheds and outbuilding on the corner of Barking Road and Selsdon Road. A short walk from the junction with the well known Green Street (and the former 64 Years Unexpired West Ham United football stadium) and nearby occupiers including Barclays and Ladbrokes. Upton Park underground • Development Potential station (District and Hammersmith & City lines) is about a ¼ mile away.
ACCOMMODATION 24 Flats: Each 99 years from 24.06.1984 at £60 (rising). Each approximately 64 years unexpired. Flat 5: 153 years from 24.06.1984 at £250 p.a. (rising). Flat 13: 125 years from 20.10.2016 at £250 p.a. (rising). Flats 24 & 26: 189 years from 24.06.1984 at £150 p.a. (rising). Flat 29: 189 years from 24.06.1984 at a peppercorn. Electricity sub-station: 60 years from 01.04.1960 at £1.50 p.a. VACANT outbuilding & cycle shed Gated car park. ACCOMMODATION EQUIVALENT TO £2,24I.50 p.a. WITH 24 LEASES HAVING ABOUT 64 YEARS UNEXPIRED, VACANT OUTBUILDING AND POTENTIAL FOR ROOF AND CAR PARK/SITE DEVELOPMENT (SUBJECT TO CONSENT)
NOT TO SCALE FOR INFORMATION ONLY © ES100004608
*GUIDE PRICE: £270,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 43 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 61 57 & 59 CHURCH LANE, WALTHAMSTOW, E17 9RN FREEHOLD GROUND RENT INVESTMENT - 2 MAISONETTES - 1 LEASE WITH 17½ YEARS UNEXPIRED LOCATION & DESCRIPTION A mid-terrace property comprising two self-contained maisonettes in this popular residential area just off Shernhall Street, close to Walthamstow Village and about ½ mile from Walthamstow Central station (Victoria line and mainline). ACCOMMODATION First Floor Maisonette (59): 90 years (less 10 days) from 14.05.1947 (about 17½ years unexpired) at a fixed ground rent of £10 p.a. Ground Floor Maisonette (57): 189 years from 01.01.1990 at a peppercorn. EQUIVALENT TO £10 p.a. WITH ONE LEASE HAVING ABOUT 17½ YEARS UNEXPIRED
*GUIDE PRICE: £100,000 - £110,000 NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 62 69 & 71 CHURCH LANE, WALTHAMSTOW, E17 9RN FREEHOLD GROUND RENT INVESTMENT - 2 MAISONETTES - 1 LEASE WITH 60½ YEARS UNEXPIRED LOCATION & DESCRIPTION A mid-terrace property comprising two self-contained maisonettes in this popular residential area just off Shernhall Street, close to Walthamstow Village and about ½ mile from Walthamstow Central station (Victoria line and mainline). ACCOMMODATION First Floor Maisonette (71): 99 years from 25.03.1981 (about 60½ years unexpired) at a current ground rent of £100 p.a. rising to £150 p.a. for the final 33 years of the term. Ground Floor Maisonette (69): 189 years from 25.03.1983 at a peppercorn. EQUIVALENT TO £100 p.a. WITH ONE LEASE HAVING ABOUT 60½ YEARS UNEXPIRED
*GUIDE PRICE: £35,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 44 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 63 53 & 55 CHURCH LANE, WALTHAMSTOW, E17 9RN FREEHOLD GROUND RENT INVESTMENT - 2 MAISONETTES - 1 LEASE WITH 65 YEARS UNEXPIRED LOCATION & DESCRIPTION An end of terrace property comprising two self-contained maisonettes in this popular residential area just off Shernhall Street, close to Walthamstow Village and about ½ mile from Walthamstow Central station (Victoria line and mainline). ACCOMMODATION First Floor Maisonette (55): 99 years from 12.08.1985 (about 65 years unexpired) at a current ground rent of £100 p.a. rising to £150 p.a. for the final 33 years of the term. Ground Floor Maisonette (53): 189 years from 01.01.1992 at a peppercorn. EQUIVALENT TO £100 p.a. WITH ONE LEASE HAVING ABOUT 65 YEARS UNEXPIRED
*GUIDE PRICE: £35,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
IMPORTANT NOTICE – BIDDER IDENTITY REGISTRATION The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the “Regulations”) came into force on 26th June 2017 requiring auctioneers to verify the identity of those purchasing property. Accordingly, we have had to introduce a pre-bidding identity registration process for all who intend to bid. Hopefully, it will be a simple straightforward process which can be completed on-line or in the auction room prior to the sale. Remember that if you are bidding on behalf a company or trust you will need your own personal documentation and documentation for the company or trust as set out below. To complete the process you need to provide original or certified copy documents as below:
For individuals a current passport or photo driving licence. For companies, trusts and other corporate bodies AND (including charities and the like) you will need to provide individual ID for the person representing the organisation who is bidding on A utility bill or bank statement issued within the last three months, their behalf AND original or certified documentation showing: council tax bill for the current or recent mortgage statement from a recognised lender or HM Revenue and Customs tax notification. a) the company’s name, registered number, registered office and On-line bills and statements cannot be accepted. principal place of business; b) a list of its board of directors or the equivalent management body; There is a registration form on the auction section of our c) the senior person(s) responsible for its operations; web site and there will be registration desk open from d) the law to which it is subject; 9am on the day of the sale where you can register and e) the legal owners; present original documentation. It is advisable, however, f) the beneficial owners, and; to prepare the necessary paperwork in advance of the g) the Articles of association or other governing documents. auction because if we cannot be fully satisfied we will not be able to proceed with the transaction.
We hope this will be simple process but if you have any queries please contact us [email protected]
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 45 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 64 90 KINGSTON ROAD, TEDDINGTON, MIDDLESEX, TW11 9HY FREEHOLD GROUND RENT INVESTMENT - 2 FLATS - 1 LEASE WITH 58½ YEARS UNEXPIRED LOCATION & DESCRIPTION An attractive semi-detached property comprising 2 flats on the west side of Kingston Road (A310), central Teddington and the High Street (A313) and mainline station are less than ½ mile away. ACCOMMODATION Upper Flat: 99 years from 25.03.1979 at £50 p.a. (rising). Approximately 58½ years unexpired. Own section of rear garden. Lower Flat: 125 years from 14.11.2002 at £150 p.a. (rising). Own section of rear garden and front garden for parking. EQUIVALENT TO £200 p.a. (rising) WITH ONE LEASE HAVING 58 ½ YEARS UNEXPIRED
*GUIDE PRICE: £63,000 plus NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
LOT 65 42 ALBERT ROAD, WORCESTER, WORCESTERSHIRE, WR5 1EB FREEHOLD GROUND RENT INVESTMENT - 4 FLATS - 2 LEASES WITH JUST UNDER 59 YEARS AND 1 WITH JUST UNDER 69 YEARS UNEXPIRED LOCATION & DESCRIPTION A double-fronted detached property comprising 4 flats with garages to the rear, in the cul-de-sac part of Alfred Road, reached via London Road (A44) which leads to junction 7 of the M5 via the A4440, a few miles to the south-east. Central Worcester with its cathedral is a few minutes drive away. ACCOMMODATION Flat 1: 189 years from 29.09.1979 at £200 p.a. 15 year reviews linked to RPI. Flat 2: 99 years from 29.09.1979 at £25 p.a. Approximately 59 years unexpired. Flat 3: 99 years from 29.09.1979 at £25 p.a. Approximately 59 years unexpired. Flat 4: 99 years from 23.08.1989 at £25 p.a. Approximately 69 years unexpired. Each flat has a garage demised.
EQUIVALENT TO £275 p.a. WITH TWO LEASES HAVING JUST UNDER 59 YEARS AND ONE WITH JUST UNDER 69 YEARS UNEXPIRED
*GUIDE PRICE: £33,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 46 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 66 THE LAWN, LOWER WOODFIELD ROAD, TORQUAY, DEVON, TQ1 2JY FREEHOLD GROUND RENT INVESTMENT - 5 FLATS - 2 LEASES WITH 65 YEARS UNEXPIRED LOCATION & DESCRIPTION An attractive Grade II listed large detached property comprising 5 flats in the Lincombes conservation area. Torquay is the principal town of the English Riviera and a popular holiday destination and the property is on the north side of Lower Woodfield Road, within easy reach of the harbour/marina. ACCOMMODATION Flat 1: 99 years from 08.02.2007 at £50 p.a. (rising). Approximately 87 years unexpired. Flat 2: 99 years from 11.09.2017 at £50 p.a. (rising). Flat 3: 99 years from 25.03.1986 at £50 p.a. (rising). Approximately 65 years unexpired. Flat 4: 99 years from 25.03.1986 at £50 p.a. (rising). Approximately 65 years unexpired. Flat 5: 125 years from 07.11.2018 at £200 p.a. (rising). EQUIVALENT TO £400 p.a. (rising) WITH TWO LEASES HAVING 65 YEARS UNEXPIRED
NOTE 1. Please see leases for parking & garden allocation. 2. Lessees have formed an RTM.
*GUIDE PRICE: £31,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 67 16 QUEENS ROAD, ALDERSHOT, HAMPSHIRE, GU11 3JD FREEHOLD GROUND RENT INVESTMENT - 4 FLATS - 3 LEASES WITH JUST UNDER 65 YEARS UNEXPIRED LOCATION & DESCRIPTION A large end of terrace property comprising 4 flats on the south side of Queens Road, in the centre of Aldershot, a short distance from the mainline station and the shopping mall at the Wellington Centre. Aldershot is in the north-east corner of Hampshire about 30 miles south- west of London and the property is in a conservation area. ACCOMMODATION Basement Flat: 157 years from 20.09.1985 at £250 p.a. (rising). Flat A: 99 years from 29.09.1985 at £80 p.a. (rising). Approximately 65 years unexpired. Flat B: 99 years from 29.09.1985 at £80 p.a. (rising). Approximately 65 years unexpired. Flat C: 99 years from 29.09.1985 at £80 p.a. (rising). Approximately 65 years unexpired. EQUIVALENT TO £490 p.a. (rising) WITH THREE LEASES HAVING JUST UNDER 65 YEARS UNEXPIRED.
*GUIDE PRICE: £30,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 47 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 68 23 BROADWATER ROAD, WORTHING, WEST SUSSEX, BN14 8AD FREEHOLD GROUND RENT INVESTMENT - 5 FLATS - 1 LEASE WITH 51½ YEARS UNEXPIRED LOCATION & DESCRIPTION Worthing is a large seaside town about 10 miles west of Brighton. A semi- detached property comprising 5 flats with parking, on the west side of Broadwater Road (A24) (dual carriageway section) close to Northcourt Road in a mixed residential/commercial location close to the mainline station. ACCOMMODATION Flat 1: Lease expires 24.06.2129 at £100 p.a. (doubling). Flat 2: 99 years from 25.03.1972 at £25 p.a. (see lease for review). Approximately 51½ years unexpired. Flat 3: Lease expires 24.06.2129 at £100 p.a. (doubling). Flat 4: Lease expires 24.06.2129 at £100 p.a. (doubling). Flat 5: Lease expires 24.06.2129 at £100 p.a. (doubling).
Each flat has an allocated parking space EQUIVALENT TO £425 p.a. (rising) WITH ONE LEASE HAVING ABOUT 51½ YEARS UNEXPIRED
*GUIDE PRICE: £26,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
LOT 69 WOODLEIGH COURT, 8 NORTH ROAD, PEVENSEY BAY, PEVENSEY, EAST SUSSEX, BN24 6AY FREEHOLD GROUND RENT INVESTMENT - 3 FLATS - 1 LEASE WITH 67 YEARS UNEXPIRED LOCATION & DESCRIPTION A large detached property comprising 3 flats on the north side of North Road ( a cul-de-sac), just off the Eastbourne Road (A259) and a short walk from Pevensey Bay with its beach. Pevensey is about 5 miles to the north- east of Eastbourne.
ACCOMMODATION Flat 1: 125 years from 25.03.2014 at £50 p.a. (rising).
Flat 2: 125 years from 04.03.2011 at £50 p.a. (rising).
Flat 3: 99 years from 25.03.1988 at £50 p.a. (rising). Approximately 67 years unexpired. EQUIVALENT TO £150 p.a. (rising) WITH ONE LEASE HAVING ABOUT 67 YEARS UNEXPIRED.
*GUIDE PRICE: £9,000 plus NOT TO SCALE FOR INFORMATION ONLY © ES100004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 48 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000 LOT 70 25 BUCKLEY ROAD, BRONDESBURY, NW6 7LY FREEHOLD GROUND RENT INVESTMENT LOCATION & DESCRIPTION EQUIVALENT TO £100 p.a. WITH 2 LEASES A freehold ground rent investment secured upon 3 HAVING APPROX. 51 YEARS UNEXPIRED flats within a terraced conversion. Located on the west side of Kilburn High Road, approx. 250 m south of Brondesbury TFL overground station. ACCOMMODATION Second Floor: 99 years from Sept 1971 at £50 p.a. First Floor: 189 years from September 1971. Ground Floor: - 99 years from Sept 1971 at £50 p.a. *GUIDE PRICE: £2,000 plus
LOT 71 24 COLNEY HATCH LANE, MUSWELL HILL, N10 1DU FREEHOLD GROUND RENT INVESTMENT LOCATION & DESCRIPTION Ground Floor: 125 years from May 2002 at 100 p.a. A ground rent investment secured upon 4 flats within a Lower Ground Floor: 189 years from Sept 1971 at converted house. Located on the eastern side of 100 p.a. Colney Hatch Lane, close to the junction with Parking Spaces: 3 - 125 years from Sept 2009 at £10 Alexandra Park Road and about a ¼ mile south of p.a. 4 - 125 years from 1971 at £10 p.a. 5 - 99 years Muswell Hill. To the front is a shared surface parking from 1971 at £20 p.a. area for about 8 cars. 3 of the spaces have been sold on long leases. EQUIVALENT TO £375 p.a. ACCOMMODATION Second Floor: 99 years from Sept 1971 at £35 p.a. *GUIDE PRICE: £2,000 plus First Floor: 163 years from Sept 1971 at £100 p.a.
LOT 72 26 COLNEY HATCH LANE, MUSWELL HILL, N10 1DU FREEHOLD GROUND RENT INVESTMENT LOCATION & DESCRIPTION Ground Floor: 125 years from June 1997 at £35 p.a. A ground rent investment secured upon 4 flats within a Lower Ground:125 years from June 1997 at £35 p.a. converted house. Located on the eastern side of 2 parking spaces: 9 - 99 years from Sept 1983 Colney Hatch Lane, close to the junction with 1 parking space - 125 years from June 1997 at £1 p.a Alexandra Park Road and about a ¼ mile south of Muswell Hill. To the front is a shared surface parking EQUIVALENT TO £111 p.a. area for about 8 cars. 2 of the spaces have been sold on long leases. ACCOMMODATION Second Floor: 189 years from Dec 1983 *GUIDE PRICE: £2,000 plus First Floor: 123 years from Oct 2000 at £35 p.a.
LOT 73 28 COLNEY HATCH LANE, MUSWELL HILL, N10 1DU FREEHOLD GROUND RENT INVESTMENT LOCATION & DESCRIPTION Part First Floor: 125 years from Sept 2013 at £35 A ground rent investment secured upon 5 flats and a p.a. parking space within a converted house. Located on Ground Floor: 125 years from August 2017. the eastern side of Colney Hatch Lane, close to the Lower Ground Floor: 99 years from Sept 1971 at junction with Alexandra Park Road and about a ¼ mile £35 p.a. south of Muswell Hill with a wide variety of shops, Parking space 2 125 years from Sept 1971 at £15 cafes and leisure facilities. p.a. ACCOMMODATION EQUIVALENT TO £120 p.a. Second Floor: 189 years from Sept 1971 - nil rent. First Floor: 130 years from Aug 2013 at £35 p.a. *GUIDE PRICE: £2,000 plus
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 49 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | Enquiries 020 7637 4000
LOT 74 FIRST FLOOR, 4-5 MARKET PLACE, BEXLEYHEATH, KENT, DA6 7DU LONG LEASEHOLD GROUND RENT INVESTMENT LOCATION & DESCRIPTION Comprising 4 flats on the first floor of this mixed use property within the town centre just opposite the Broadway Shopping Centre. Bexleyheath lies about 12 miles from central London. ACCOMMODATION 3 flats sold on 125 year leases from 2018 & 1 flat sold on a 125 year lease from 2019 each at a fixed ground rent of £250 p.a. EQUIVALENT TO £1,000 p.a. LEASE DETAILS 999 years from 08.12.2017 at a peppercorn.
*GUIDE PRICE: £7,500 - £8,000 NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
LOT 75 SECOND FLOOR, 4-5 MARKET PLACE, BEXLEYHEATH, KENT, DA6 7DU LONG LEASEHOLD GROUND RENT INVESTMENT LOCATION & DESCRIPTION Comprising 4 flats on the second floor of this mixed use property within the town centre just opposite the Broadway Shopping Centre. Bexleyheath lies about 12 miles from central London. ACCOMMODATION 2 flats sold on 125 year leases from 2018 & 2 flats sold on 125 year leases from 2017 each at a fixed ground rent of £250 p.a. EQUIVALENT TO £1,000 p.a. LEASE DETAILS 999 years from 25.08.2015 at a peppercorn
*GUIDE PRICE: £7,500 - £8,000 NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 50 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000
BY ORDER OF THE LOT 76 JOINT TRUSTEES 4 OSBORNE ROAD, BELVEDERE, KENT, DA17 5NT FREEHOLD VACANT HOUSE LOCATION & DESCRIPTION A two storey semi-detached house on the east side of a tree lined residential road. South of Woolwich Road (A206) and close to the turning with Dryhill Road to the north of Bedonwell Road approximately 1 mile south of Belvedere mainline station, one stop away from the soon to be open station at Abbeywood. ACCOMMODATION (Not inspected) First Floor: 3 rooms, bathroom/WC Ground Floor: Reception, kitchen/diner, separate WC Gardens front and rear Off road parking OFFERED VACANT AND SUITABLE FOR INVESTMENT/OCCUPATION EPC RATING: E
*GUIDE PRICE: £275,000 - £300,000 NOT TO SCALE, FOR INFORMATION ONLY © ES1000004608
BY ORDER OF THE LOT 77 JOINT TRUSTEES 13 COLEMAN ROAD, BELVEDERE, KENT, DA17 5AW FREEHOLD VACANT HOUSE LOCATION & DESCRIPTION A single bay terraced house on the west side of a quiet residential street, off the south side of Gilbert Road and about a ¼ mile south west of Belvedere mainline station which is 1 stop from the soon to open Crossrail station at Abbeywood, about 1 mile to the west. Belvedere is a predominantly residential suburb approx. 8 miles south east of central London and 1 mile west of Erith. ACCOMMODATION (Not inspected) First Floor: 3 rooms Ground Floor: 1 reception, kitchen/dining room, separate WC Rear garden OFFERED VACANT AND IS SUITABLE FOR INVESTMENT/OCCUPATION
*GUIDE PRICE: £220,000-£225,000 NOT TO SCALE FOR INFORMATION ONLY © ES1000004608
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 51 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates. COMMON AUCTION CONDITIONS 4TH EDITION – APRIL 2018 GENERAL CONDITIONS OF SALE APPLICABLE TO ALL LOTS Special Conditions of sale for each lot available on application to the Auctioneers
AUCTION SALE: MONDAY 28th COTOBER 2019, 12 Noon PARTICULARS OF SALE ARE AS DESCRIBED IN THE CATALOGUE.
INTRODUCTION CONTRACT They cannot be disapplied or varied without OUR agreement, even by a CONDITION The CONTRACT by which the SELLER agrees to sell and the BUYER agrees to buy the LOT. purporting to replace the Common AUCTION Conditions in their entirety. The Common Auction Conditions are designed for real estate auctions, to set a consistent practice across the industry. There are three sections, all of which must be CONTRACT DATE A1 Introduction included without variation, except where stated: The date of the AUCTION or, if the LOT is sold before or after the AUCTION: A1.1 The AUCTION CONDUCT CONDITIONS apply wherever the LOT is located. Glossary a) the date of the SALE MEMORANDUM signed by both the SELLER and BUYER; or A1.2 If YOU make a bid for a LOT or otherwise participate in the AUCTION it is b) if CONTRACTs are exchanged, the date of exchange. If exchange is not effected on the basis that YOU accept these AUCTION CONDUCT CONDITIONS. They The glossary gives special meanings to certain words used in the conditions. in person or by an irrevocable agreement to exchange made by telephone, fax or govern OUR relationship with YOU. They can be varied only if WE agree. Auction Conduct Conditions electronic mail the date of exchange is the date on which both parts have been A2 OUR role The Auction Conduct Conditions govern the relationship between the auctioneer and signed and posted or otherwise placed beyond normal retrieval. A2.1 As agents for each SELLER we have authority to anyone who participates in the auction. They apply wherever the property is located, DOCUMENTS (a) prepare the CATALOGUE from information supplied by or on behalf of and cannot be changed without the auctioneer’s agreement. DOCUMENTS of title including, if title is registered, the entries on the register and the each SELLER; We recommend that these conditions are set out in a two-part notice to bidders, part title plan and other DOCUMENTS listed or referred to in the SPECIAL CONDITIONS (b) offer each LOT for sale; one containing advisory material – which auctioneers can tailor to their needs – and relating to the LOT (apart from FINANCIAL CHARGES). (c) sell each LOT; part two the auction conduct conditions and any extra auction conduct conditions. EXTRA GENERAL CONDITIONS (d) receive and hold deposits; Sale Conditions Any CONDITIONS added or varied by the AUCTIONEERS starting at CONDITION G30. (e) sign each SALE MEMORANDUM; and (f) treat a CONTRACT as repudiated if the BUYER fails to sign a SALE The Sale Conditions apply only to property in England and Wales, and govern the Financial Charge MEMORANDUM or pay a deposit as required by these AUCTION agreement between each seller and buyer. They include general conditions of sale and A charge to secure a loan or other financial indebtedness (but not including a rentcharge CONDUCT CONDITIONS or fails to provide identification as required by the template forms of special conditions of sale, tenancy and arrears schedules and a sale or local land charge). AUCTIONEERS. memorandum. They must not be used if other standard conditions apply. General Conditions A2.2 OUR decision on the conduct of the AUCTION is final. GLOSSARY The SALE CONDITIONS headed ‘GENERAL CONDITIONS OF SALE’, including any A2.3 WE may cancel the AUCTION, or alter the order in which LOTS are offered for This glossary applies to the AUCTION CONDUCT CONDITIONS and the SALE EXTRA GENERAL CONDITIONS. sale. WE may also combine or divide LOTS. A LOT may be sold or withdrawn CONDITIONS. It is a compulsory section of the Common AUCTION Conditions that must INTEREST RATE from sale prior to the AUCTION. be included without variation (but the SPECIAL CONDITIONS may include defined words If not specified in the SPECIAL CONDITIONS, the higher of 6% and 4% above the base A2.4 YOU acknowledge that to the extent permitted by law WE owe YOU no duty that differ from the glossary so long as they apply only to the SPECIAL CONDITIONS). rate from time to time of Barclays Bank plc. The INTEREST RATE will also apply to any of care and YOU have no claim against US for any loss. The laws of England and Wales apply to the CONDITIONS and YOU, WE, the SELLER judgment debt, unless the statutory rate is higher. A2.5 WE may refuse to admit one or more persons to the AUCTION without having and the BUYER all submit to the jurisdiction of the Courts of England and Wales. LOT to explain why. Wherever it makes sense: Each separate property described in the CATALOGUE or (as the case may be) the A2.6 YOU may not be allowed to bid unless YOU provide such evidence of YOUR • singular words can be read as plurals, and plurals as singular words; property that the SELLER has agreed to sell and the BUYER to buy (including chattels, identity and other information as WE reasonably require from all bidders. • a “person” includes a corporate body; if any). A3 Bidding and reserve PRICEs • words of one gender include the other genders; Old ARREARS A3.1 All bids are to be made in pounds sterling exclusive of VAT. • references to legislation are to that legislation as it may have been modified or re- ARREARS due under any of the TENANCIES that are not “new TENANCIES” as defined A3.2 WE may refuse to accept a bid. WE do not have to explain why. enacted by the date of the AUCTION or the CONTRACT DATE (as applicable); and by the Landlord and Tenant (Covenants) Act 1995. A3.3 If there is a dispute over bidding WE are entitled to resolve it, and OUR • where the following words appear in small capitals they have the specified PARTICULARS decision is final. meanings. The section of the CATALOGUE that contains descriptions of each LOT (as varied by A3.4 Unless stated otherwise each LOT is subject to a reserve PRICE (which may be ACTUAL COMPLETION DATE any ADDENDUM). fixed just before the LOT is offered for sale). If no bid equals or exceeds that reserve PRICE the LOT will be withdrawn from the AUCTION. The date when COMPLETION takes place or is treated as taking place for the purposes PRACTITIONER of apportionment and calculating interest. An insolvency PRACTITIONER for the purposes of the Insolvency Act 1986 (or, in relation A3.5 Where there is a reserve PRICE the SELLER may bid (or ask US or another agent to bid on the SELLER’s behalf) up to the reserve PRICE but may not make ADDENDUM to jurisdictions outside the United Kingdom, a person undertaking a similar role). a bid equal to or exceeding the reserve PRICE. YOU accept that it is possible An amendment or addition to the CONDITIONS or to the PARTICULARS or to both PRICE that all bids up to the reserve PRICE are bids made by or on behalf of the whether contained in a supplement to the CATALOGUE, a written notice from the The PRICE (exclusive of VAT) that the BUYER agrees to pay for the LOT. SELLER. AUCTIONEERS or an oral announcement at the AUCTION. Ready To Complete A4 The PARTICULARS and other information Agreed COMPLETION Date Ready, willing and able to complete: if COMPLETION would enable the SELLER to A4.1 WE have taken reasonable care to prepare PARTICULARS that correctly Subject to CONDITION G9.3: discharge all FINANCIAL CHARGES secured on the LOT that have to be discharged by describe each LOT. The PARTICULARS are based on information supplied by a) the date specified in the SPECIAL CONDITIONS; or COMPLETION, then those outstanding financial charges do not prevent the SELLER from or on behalf of the SELLER. YOU need to check that the information in the b) if no date is specified, 20 BUSINESS DAYS after the CONTRACT DATE; but if that being READY TO COMPLETE. PARTICULARS is correct. date is not a BUSINESS DAY the first subsequent BUSINESS DAY. SALE CONDITIONS A4.2 If the SPECIAL CONDITIONS do not contain a description of the LOT, Approved Financial Institution The GENERAL CONDITIONS as varied by any SPECIAL CONDITIONS or ADDENDUM. or simply refer to the relevant LOT number, you take the risk that the description contained in the PARTICULARS is incomplete or inaccurate, as the Any bank or building society that is regulated by a competent UK regulatory authority or SALE MEMORANDUM PARTICULARS have not been prepared by a conveyancer and are not intended is otherwise acceptable to the AUCTIONEERS. The form so headed (whether or not set out in the CATALOGUE) in which the terms of to form part of a legal CONTRACT. ARREARS the CONTRACT for the sale of the LOT are recorded. A4.3 The PARTICULARS and the SALE CONDITIONS may change prior to the ARREARS of rent and other sums due under the TENANCIES and still outstanding on SELLER AUCTION and it is YOUR responsibility to check that YOU have the correct the ACTUAL COMPLETION DATE. The person selling the LOT. If two or more are jointly the SELLER their obligations can be versions. ARREARS Schedule enforced against them jointly or against each of them separately. A4.4 If WE provide information, or a copy of a DOCUMENT, WE do so only on the The ARREARS schedule (if any) forming part of the SPECIAL CONDITIONS. SPECIAL CONDITIONS basis that WE are not responsible for the accuracy of that information or AUCTION Those of the SALE CONDITIONS so headed that relate to the LOT. DOCUMENT. The AUCTION advertised in the CATALOGUE. TENANCIES A5 The CONTRACT AUCTION CONDUCT CONDITIONS TENANCIES, leases, licences to occupy and agreements for lease and any A5.1 A successful bid is one WE accept as such (normally on the fall of the The conditions so headed, including any extra AUCTION CONDUCT CONDITIONS. DOCUMENTS varying or supplemental to them. hammer). This CONDITION A5 applies to YOU only if YOU make the successful bid for a LOT. AUCTIONEERS TENANCY SCHEDULE A5.2 YOU are obliged to buy the LOT on the terms of the SALE MEMORANDUM at The AUCTIONEERS at the AUCTION. The schedule of TENANCIES (if any) forming part of the SPECIAL CONDITIONS. the PRICE YOU bid (plus VAT, if applicable). BUSINESS DAY TRANSFER A5.3 YOU must before leaving the AUCTION Any day except (a) Saturday or Sunday or (b) a bank or public holiday in England and TRANSFER includes a conveyance or assignment (and “to TRANSFER” includes “to (a) provide all information WE reasonably need from YOU to enable US to convey” or “to assign”). Wales. complete the SALE MEMORANDUM (including proof of your identity if BUYER TUPE required by US); The person who agrees to buy the LOT or, if applicable, that person’s personal The TRANSFER of Undertakings (Protection of Employment) Regulations 2006. (b) sign the completed SALE MEMORANDUM; and representatives: if two or more are jointly the BUYER their obligations can be enforced VAT (c) pay the deposit. against them jointly or against each of them separately. Value Added Tax or other tax of a similar nature. A5.4 If YOU do not WE may either Catalogue VAT OPTION (a) as agent for the SELLER treat that failure as YOUR repudiation of the The catalogue for the AUCTION as it exists at the date of the AUCTION (or, if the An option to tax. CONTRACT and offer the LOT for sale again: the SELLER may then have a catalogue is then different, the date of the CONTRACT) including any ADDENDUM and claim against YOU for breach of CONTRACT; or whether printed or made available electronically. WE (and US and OUR) The AUCTIONEERS. (b) sign the SALE MEMORANDUM on YOUR behalf. COMPLETION A5.5 The deposit Unless the SELLER and the BUYER otherwise agree, the occasion when they have both YOU (and YOUR) Someone who has seen the CATALOGUE or who attends or bids at or otherwise (a) must be paid in pounds sterling by cheque or by bankers’ draft made complied with the obligations under the CONTRACT that they are obliged to comply participates in the AUCTION, whether or not a BUYER. payable to US (or, at OUR option, the SELLER’S conveyancer) drawn on an with prior to COMPLETION, and the amount payable on COMPLETION has been APPROVED FINANCIAL INSTITUTION (CONDITION A6 may state if WE accept unconditionally received in the SELLER’S conveyancer’s client account (or as otherwise Auction Conduct Conditions any other form of payment); required by the terms of the CONTRACT). Words in small capitals have the special meanings defined in the Glossary. (b) may be declined by US unless drawn on YOUR account, or that of the Condition The AUCTION CONDUCT CONDITIONS (as supplemented or varied by CONDITION BUYER, or of another person who (we are satisfied) would not expose US to a One of the AUCTION CONDUCT CONDITIONS or SALE CONDITIONS. A6, if applicable) are a compulsory section of the Common AUCTION Conditions. breach of money laundering regulations;
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 52 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections LHP 5 pages_OCT 2019.indd 52 09/10/2019 15:15 AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000
(c) is to be held by US (or, at OUR option, the SELLER’S conveyancer); and (f) (subject to the rights of any tenant or other third party) hold on trust for the G6.5 If COMPLETION takes place after 1400 hours for a reason other than the (d) is to be held as stakeholder where VAT would be chargeable on the BUYER any insurance payments that the SELLER receives in respect of loss SELLER’S default it is to be treated, for the purposes of apportionment and deposit were it to be held as agent for the SELLER, but otherwise is to be or damage arising after the CONTRACT DATE, or assign to the BUYER the calculating interest, as if it had taken place on the next BUSINESS DAY. held as stakeholder unless the SALE CONDITIONS require it to be held as benefit of any claim; G6.6 Where applicable the CONTRACT remains in force following COMPLETION. agent for the SELLER. and the BUYER must on COMPLETION reimburse to the SELLER the cost of G7 Notice to complete A5.6 WE may retain the SALE MEMORANDUM signed by or on behalf of the that insurance as from the CONTRACT DATE (to the extent not already paid by G7.1 The SELLER or the BUYER may on or after the AGREED COMPLETION SELLER until the deposit has been received in cleared funds. the BUYER or a tenant or other third party). DATE but before COMPLETION give the other notice to complete within ten A5.7 Where WE hold the deposit as stakeholder WE are authorised to release it (and G3.3 No damage to or destruction of the LOT, nor any deterioration in its condition, BUSINESS DAYS (excluding the date on which the notice is given) making interest on it if applicable) to the SELLER on COMPLETION or, if COMPLETION however caused, entitles the BUYER to any reduction in PRICE, or to delay time of the essence. does not take place, to the person entitled to it under the SALE CONDITIONS. COMPLETION, or to refuse to complete. G7.2 The person giving the notice must be READY TO COMPLETE. A5.8 If the BUYER does not comply with its obligations under the CONTRACT then G3.4 Section 47 of the Law of Property Act 1925 does not apply to the CONTRACT. G7.3 If the BUYER fails to comply with a notice to complete the SELLER may, (a) YOU are personally liable to buy the LOT even if YOU are acting as an G3.5 Unless the BUYER is already lawfully in occupation of the LOT the BUYER has without affecting any other remedy the SELLER has: agent; and no right to enter into occupation prior to COMPLETION. (a) terminate the CONTRACT; (b) YOU must indemnify the SELLER in respect of any loss the SELLER incurs as G4 Title and identity (b) claim the deposit and any interest on it if held by a stakeholder; a result of the BUYER’s default. G4.1 Unless CONDITION G4.2 applies, the BUYER accepts the title of the SELLER to (c) forfeit the deposit and any interest on it; A5.9 Where the BUYER is a company YOU warrant that the BUYER is properly the LOT as at the CONTRACT DATE and may raise no requisition or objection (d) resell the LOT; and constituted and able to buy the LOT. to any of the DOCUMENTS that is made available before the AUCTION or any (e) claim damages from the BUYER. other matter, except one that occurs after the CONTRACT DATE. A6 Extra Auction Conduct Conditions G7.4 If the SELLER fails to comply with a notice to complete the BUYER may, A6.1 Despite any SPECIAL CONDITION to the contrary the minimum deposit WE G4.2 The following provisions apply only to any of the following DOCUMENTS that without affecting any other remedy the BUYER has: is not made available before the AUCTION: accept is £3000 (or the total PRICE, if less). A SPECIAL CONDITION may, (a) terminate the CONTRACT; and (a) If the LOT is registered land the SELLER is to give to the BUYER within five however, require a higher minimum deposit. (b) recover the deposit and any interest on it from the SELLER or, if applicable, BUSINESS DAYS of the CONTRACT DATE an official copy of the entries on the a stakeholder. General Conditions of Sale register and title plan and, where noted on the register, of all DOCUMENTS G8 If the CONTRACT is brought to an end Words in small capitals have the special meanings defined in the Glossary. subject to which the LOT is being sold. If the CONTRACT is lawfully brought to an end: The GENERAL CONDITIONS (as WE supplement or change them by any EXTRA (b) If the LOT is not registered land the SELLER is to give to the BUYER within (a) the BUYER must return all papers to the SELLER and appoints the SELLER GENERAL CONDITIONS or ADDENDUM) are compulsory but may be disapplied or five BUSINESS DAYS of the CONTRACT DATE an abstract or epitome of title its agent to cancel any registration of the CONTRACT; and changed in relation to one or more LOTS by SPECIAL CONDITIONS. The template form starting from the root of title mentioned in the SPECIAL CONDITIONS (or, if of SALE MEMORANDUM is not compulsory but is to be varied only if WE agree. The none is mentioned, a good root of title more than fifteen years old) and must (b) the SELLER must return the deposit and any interest on it to the BUYER (and template forms of SPECIAL CONDITIONS and schedules are recommended, but are not produce to the BUYER the original or an examined copy of every relevant the BUYER may claim it from the stakeholder, if applicable) unless the SELLER compulsory and may be changed by the SELLER of a LOT. DOCUMENT. is entitled to forfeit the deposit under CONDITION G7.3. G1 The LOT (c) If title is in the course of registration, title is to consist of: G9 Landlord’s licence G9.1 Where the LOT is or includes leasehold land and licence to assign or sublet is G1.1 The LOT (including any rights to be granted or reserved, and any exclusions (i) certified copies of the application for registration of title made to the required this CONDITION G9 applies. from it) is described in the SPECIAL CONDITIONS, or if not so described is that Land Registry and of the DOCUMENTS accompanying that application; referred to in the SALE MEMORANDUM. G9.2 The CONTRACT is conditional on that licence being obtained, by way of formal (ii) evidence that all applicable stamp duty land tax relating to that licence if that is what the landlord lawfully requires. G1.2 The LOT is sold subject to any TENANCIES disclosed by the SPECIAL application has been paid; and CONDITIONS, but otherwise with vacant possession on COMPLETION. G9.3 The AGREED COMPLETION DATE is not to be earlier than the date five (iii) a letter under which the SELLER or its conveyancer agrees to use BUSINESS DAYS after the SELLER has given notice to the BUYER that licence G1.3 The LOT is sold subject to all matters contained or referred to in the all reasonable endeavours to answer any requisitions raised by the has been obtained (“licence notice”). DOCUMENTS. The SELLER must discharge FINANCIAL CHARGES on or before Land Registry and to instruct the Land Registry to send the completed G9.4 The SELLER must COMPLETION. registration DOCUMENTS to the BUYER. (a) use all reasonable endeavours to obtain the licence at the SELLER’S G1.4 The LOT is also sold subject to such of the following as may affect it, whether (d) The BUYER has no right to object to or make requisitions on any title expense; and they arise before or after the CONTRACT DATE and whether or not they are information more than seven BUSINESS DAYS after that information has disclosed by the SELLER or are apparent from inspection of the LOT or from been given to the BUYER. (b) enter into any Authorised Guarantee Agreement (“AGA”) properly required the DOCUMENTS: (procuring a guarantee of that AGA if lawfully required by the landlord). G4.3 Unless otherwise stated in the SPECIAL CONDITIONS the SELLER sells with (a) matters registered or capable of registration as local land charges; full title guarantee except that (and the TRANSFER shall so provide): G9.5 The BUYER must promptly (b) matters registered or capable of registration by any competent authority or (a) the covenant set out in section 3 of the Law of Property (Miscellaneous (a) provide references and other relevant information; and under the provisions of any statute; Provisions) Act 1994 shall not extend to matters recorded in registers open to (b) comply with the landlord’s lawful requirements. (c) notices, orders, demands, proposals and requirements of any competent public inspection; these are to be treated as within the actual knowledge of G9.6 If within three months of the CONTRACT DATE (or such longer period as the authority; the BUYER; and SELLER and BUYER agree) the SELLER has not given licence notice to the (d) charges, notices, orders, restrictions, agreements and other matters (b) the covenant set out in section 4(1)(b) of the Law of Property (Miscellaneous BUYER the SELLER or the BUYER may (if not then in breach of any obligation relating to town and country planning, highways or public health; Provisions) Act 1994 shall not extend to any condition or tenant’s obligation under this CONDITION G9) by notice to the other terminate the CONTRACT (e) rights, easements, quasi-easements, and wayleaves; relating to the state or condition of the LOT where the LOT is leasehold at any time before the SELLER has given licence notice. That termination is (f) outgoings and other liabilities; property. without prejudice to the claims of either SELLER or BUYER for breach of this CONDITION G9. (g) any interest which overrides, under the Land Registration Act 2002; G4.4 The TRANSFER is to have effect as if expressly subject to all matters subject G10 Interest and apportionments (h) matters that ought to be disclosed by the searches and enquiries a prudent to which the LOT is sold under the CONTRACT. G10.1 If the ACTUAL COMPLETION DATE is after the AGREED COMPLETION DATE BUYER would make, whether or not the BUYER has made them; and G4.5 The SELLER does not have to produce, nor may the BUYER object to or make a for any reason other than the SELLER’S default the BUYER must pay interest requisition in relation to, any prior or superior title even if it is referred to in the (i) anything the SELLER does not and could not reasonably know about. at the INTEREST RATE on the money due from the BUYER at COMPLETION DOCUMENTS. G1.5 Where anything subject to which the LOT is sold would expose the SELLER to for the period starting on the AGREED COMPLETION DATE and ending on the liability the BUYER is to comply with it and indemnify the SELLER against that G4.6 The SELLER (and, if relevant, the BUYER) must produce to each other such ACTUAL COMPLETION DATE. confirmation of, or evidence of, their identity and that of their mortgagees liability. G10.2 Subject to CONDITION G11 the SELLER is not obliged to apportion or and attorneys (if any) as is necessary for the other to be able to comply with G1.6 The SELLER must notify the BUYER of any notices, orders, demands, account for any sum at COMPLETION unless the SELLER has received that applicable Money Laundering Regulations and Land Registry Rules. proposals and requirements of any competent authority of which it learns sum in cleared funds. The SELLER must promptly pay to the BUYER after after the CONTRACT DATE but the BUYER must comply with them and keep G5 TRANSFER COMPLETION any sum to which the BUYER is entitled that the SELLER the SELLER indemnified. G5.1 Unless a form of TRANSFER is prescribed by the SPECIAL CONDITIONS subsequently receives in cleared funds. G1.7 The LOT does not include any tenant’s or trade fixtures or fittings. The SPECIAL (a) the BUYER must supply a draft TRANSFER to the SELLER at least G10.3 Income and outgoings are to be apportioned at the ACTUAL COMPLETION CONDITIONS state whether any chattels are included in the LOT, but if they are: ten BUSINESS DAYS before the AGREED COMPLETION DATE and the DATE unless: engrossment (signed as a deed by the BUYER if CONDITION G5.2 applies) five (a) the BUYER takes them as they are at COMPLETION and the SELLER is not (a) the BUYER is liable to pay interest; and BUSINESS DAYS before that date or (if later) two BUSINESS DAYS after the liable if they are not fit for use, and (b) the SELLER has given notice to the BUYER at any time up to COMPLETION draft has been approved by the SELLER; and (b) the SELLER is to leave them at the LOT. requiring apportionment on the date from which interest becomes payable by G1.8 The BUYER buys with full knowledge of (b) the SELLER must approve or revise the draft TRANSFER within five the BUYER; in which event income and outgoings are to be apportioned on the BUSINESS DAYS of receiving it from the BUYER. (a) the DOCUMENTS, whether or not the BUYER has read them; and date from which interest becomes payable by the BUYER. G5.2 If the SELLER has any liability (other than to the BUYER) in relation to the LOT (b) the physical condition of the LOT and what could reasonably be discovered G10.4 Apportionments are to be calculated on the basis that: or a TENANCY following COMPLETION, the BUYER is specifically to covenant on inspection of it, whether or not the BUYER has inspected it. (a) the SELLER receives income and is liable for outgoings for the whole of the in the TRANSFER to indemnify the SELLER against that liability. G1.9 The BUYER admits that it is not relying on the information contained in the day on which apportionment is to be made; G5.3 The SELLER cannot be required to TRANSFER the LOT to anyone other than PARTICULARS or on any representations made by or on behalf of the SELLER (b) annual income and expenditure accrues at an equal daily rate assuming the BUYER, or by more than one TRANSFER. but the BUYER may rely on the SELLER’S conveyancer’s written replies to 365 days in a year (or 366 in a leap year), and income and expenditure relating written enquiries to the extent stated in those replies. G5.4 Where the SPECIAL CONDITIONS state that the SELLER is to grant a new to some other period accrues at an equal daily rate during the period to which lease to the BUYER G2 Deposit it relates; and G2.1 The amount of the deposit is the greater of: (a) the CONDITIONS are to be read so that the TRANSFER refers to the new (c) where the amount to be apportioned is not known at COMPLETION lease, the SELLER to the proposed landlord and the BUYER to the proposed (a) any minimum deposit stated in the AUCTION CONDUCT CONDITIONS (or apportionment is to be made by reference to a reasonable estimate and tenant; the total PRICE, if this is less than that minimum); and further payment is to be made by SELLER or BUYER as appropriate within five (b) the form of new lease is that described by the SPECIAL CONDITIONS; and (b) 10% of the PRICE (exclusive of any VAT on the PRICE). BUSINESS DAYS of the date when the amount is known. (c) the SELLER is to produce, at least five BUSINESS DAYS before the AGREED G2.2 If a cheque for all or part of the deposit is not cleared on first presentation the G10.5 If a payment due from the BUYER to the SELLER on or after COMPLETION is COMPLETION DATE, the engrossed counterpart lease, which the BUYER is to SELLER may treat the CONTRACT as at an end and bring a claim against the not paid by the due date, the BUYER is to pay interest to the SELLER at the sign and deliver to the SELLER on COMPLETION. BUYER for breach of CONTRACT. INTEREST RATE on that payment from the due date up to and including the G6 COMPLETION date of payment. G2.3 Interest earned on the deposit belongs to the SELLER unless the SALE G6.1 COMPLETION is to take place at the offices of the SELLER’S conveyancer, or CONDITIONS provide otherwise. G11 ARREARS where the SELLER may reasonably require, on the AGREED COMPLETION Part 1 – Current rent G3 Between CONTRACT and COMPLETION DATE. The SELLER can only be required to complete on a BUSINESS DAY and G11.1 “Current rent” means, in respect of each of the TENANCIES subject to which G3.1 From the CONTRACT DATE the SELLER has no obligation to insure the LOT and between the hours of 0930 and 1700. the LOT is sold, the instalment of rent and other sums payable by the tenant the BUYER bears all risks of loss or damage unless G6.2 The amount payable on COMPLETION is the balance of the PRICE adjusted to on the most recent rent payment date on or within four months preceding (a) the LOT is sold subject to a TENANCY that requires the SELLER to insure take account of apportionments plus (if applicable) VAT and interest, but no COMPLETION. the LOT or other amounts unless specified in the SPECIAL CONDITIONS. G11.2 If on COMPLETION there are any ARREARS of current rent the BUYER must (b) the SPECIAL CONDITIONS require the SELLER to insure the LOT. G6.3 Payment is to be made in pounds sterling and only by pay them, whether or not details of those ARREARS are given in the SPECIAL G3.2 If the SELLER is required to insure the LOT then the SELLER (a) direct TRANSFER from the BUYER’s conveyancer to the SELLER’S CONDITIONS. (a) must produce to the BUYER on request all relevant insurance details; conveyancer; and G11.3 Parts 2 and 3 of this CONDITION G11 do not apply to ARREARS of current rent. (b) must use reasonable endeavours to maintain that or equivalent insurance (b) the release of any deposit held by a stakeholder or in such other manner as Part 2 – BUYER to pay for ARREARS and pay the premiums when due; the SELLER’S conveyancer may agree. G11.4 Part 2 of this CONDITION G11 applies where the SPECIAL CONDITIONS give (c) gives no warranty as to the adequacy of the insurance; G6.4 Unless the SELLER and the BUYER otherwise agree, COMPLETION cannot details of ARREARS. (d) must at the request of the BUYER use reasonable endeavours to have the take place until both have complied with the obligations under the CONTRACT G11.5 The BUYER is on COMPLETION to pay, in addition to any other money then BUYER’s interest noted on the policy if it does not cover a contracting purchaser; that they are obliged to comply with prior to COMPLETION, and the amount due, an amount equal to all ARREARS of which details are set out in the (e) must, unless otherwise agreed, cancel the insurance at COMPLETION, payable on COMPLETION is unconditionally received in the SELLER’S SPECIAL CONDITIONS. apply for a refund of premium and (subject to the rights of any tenant or other conveyancer’s client account or as otherwise required by the terms of the G11.6 If those ARREARS are not OLD ARREARS the SELLER is to assign to the third party) pay that refund to the BUYER; and CONTRACT. BUYER all rights that the SELLER has to recover those ARREARS.
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 53 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections LHP 5 pages_OCT 2019.indd 53 09/10/2019 15:15 AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000
Part 3 – BUYER not to pay for ARREARS G15.5 The BUYER confirms that after COMPLETION the BUYER intends to G22.4 In respect of each TENANCY, if the service charge account shows: G11.7 Part 3 of this CONDITION G11 applies where the SPECIAL CONDITIONS (a) retain and manage the LOT for the BUYER’S own benefit as a continuing (a) that payments that the tenant has made on account exceed attributable (a) so state; or business as a going concern subject to and with the benefit of the TENANCIES; service charge expenditure, the SELLER must pay to the BUYER an amount (b) give no details of any ARREARS. and equal to that excess when it provides the service charge account; or G11.8 While any ARREARS due to the SELLER remain unpaid the BUYER must: (b) collect the rents payable under the TENANCIES and charge VAT on them. (b) that attributable service charge expenditure exceeds payments made (a) try to collect them in the ordinary course of management but need not take G15.6 If, after COMPLETION, it is found that the sale of the LOT is not a TRANSFER on account, the BUYER must use all reasonable endeavours to recover the legal proceedings or forfeit the TENANCY; of a going concern then: shortfall from the tenant as soon as practicable and promptly pay the amount (b) pay them to the SELLER within five BUSINESS DAYS of receipt in cleared (a) the SELLER’s conveyancer is to notify the BUYER’s conveyancer of that so recovered to the SELLER; but in respect of payments on account that are funds (plus interest at the INTEREST RATE calculated on a daily basis for each finding and provide a VAT invoice in respect of the sale of the LOT; still due from a tenant CONDITION G11 (ARREARS) applies. subsequent day’s delay in payment); (b) the BUYER must within five BUSINESS DAYS of receipt of the VAT invoice G22.5 In respect of service charge expenditure that is not attributable to any (c) on request, at the cost of the SELLER, assign to the SELLER or as the pay to the SELLER the VAT due; and TENANCY the SELLER must pay the expenditure incurred in respect of the SELLER may direct the right to demand and sue for OLD ARREARS, such (c) if VAT is payable because the BUYER has not complied with this period before ACTUAL COMPLETION DATE and the BUYER must pay the assignment to be in such form as the SELLER’S conveyancer may reasonably CONDITION G15, the BUYER must pay and indemnify the SELLER against all expenditure incurred in respect of the period after ACTUAL COMPLETION require; costs, interest, penalties or surcharges that the SELLER incurs as a result. DATE. Any necessary monetary adjustment is to be made within five BUSINESS DAYS of the SELLER providing the service charge account to the BUYER. (d) if reasonably required, allow the SELLER’S conveyancer to have on loan the G16 Capital allowances counterpart of any TENANCY against an undertaking to hold it to the BUYER’s G16.1 This CONDITION G16 applies where the SPECIAL CONDITIONS state that G22.6 If the SELLER holds any reserve or sinking fund on account of future service order; there are capital allowances available in respect of the LOT. charge expenditure or a depreciation fund: (e) not without the consent of the SELLER release any tenant or surety from G16.2 The SELLER is promptly to supply to the BUYER all information reasonably (a) the SELLER must pay it (including any interest earned on it) to the BUYER on liability to pay ARREARS or accept a surrender of or forfeit any TENANCY required by the BUYER in connection with the BUYER’s claim for capital COMPLETION; and under which ARREARS are due; and allowances. (b) the BUYER must covenant with the SELLER to hold it in accordance with the (f) if the BUYER disposes of the LOT prior to recovery of all ARREARS obtain G16.3 The value to be attributed to those items on which capital allowances may be terms of the TENANCIES and to indemnify the SELLER if it does not do so. from the BUYER’S successor in title a covenant in favour of the SELLER in claimed is set out in the SPECIAL CONDITIONS. G23 Rent reviews similar form to part 3 of this CONDITION G11. G16.4 The SELLER and BUYER agree: G23.1 This CONDITION G23 applies where the LOT is sold subject to a TENANCY G11.9 Where the SELLER has the right to recover ARREARS it must not without the (a) to make an election on COMPLETION under Section 198 of the Capital under which a rent review due on or before the ACTUAL COMPLETION DATE BUYER’S written consent bring insolvency proceedings against a tenant or Allowances Act 2001 to give effect to this CONDITION G16; and has not been agreed or determined. seek the removal of goods from the LOT. (b) to submit the value specified in the SPECIAL CONDITIONS to HM G23.2 The SELLER may continue negotiations or rent review proceedings up to the G12 Management Revenue and Customs for the purposes of their respective capital allowance ACTUAL COMPLETION DATE but may not agree the level of the revised rent G12.1 This CONDITION G12 applies where the LOT is sold subject to TENANCIES. computations. or commence rent review proceedings without the written consent of the G12.2 The SELLER is to manage the LOT in accordance with its standard G17 Maintenance agreements BUYER, such consent not to be unreasonably withheld or delayed. management policies pending COMPLETION. G17.1 The SELLER agrees to use reasonable endeavours to TRANSFER to the G23.3 Following COMPLETION the BUYER must complete rent review negotiations G12.3 The SELLER must consult the BUYER on all management issues that BUYER, at the BUYER’s cost, the benefit of the maintenance agreements or proceedings as soon as reasonably practicable but may not agree the level would affect the BUYER after COMPLETION (such as, but not limited to, specified in the SPECIAL CONDITIONS. of the revised rent without the written consent of the SELLER, such consent an application for licence; a rent review; a variation, surrender, agreement G17.2 The BUYER must assume, and indemnify the SELLER in respect of, all liability not to be unreasonably withheld or delayed. to surrender or proposed forfeiture of a TENANCY; or a new TENANCY or under such agreements from the ACTUAL COMPLETION DATE. G23.4 The SELLER must promptly: agreement to grant a new TENANCY) and: G18 Landlord and Tenant Act 1987 (a) give to the BUYER full details of all rent review negotiations and (a) the SELLER must comply with the BUYER’s reasonable requirements unless G18.1 This CONDITION G18 applies where the sale is a relevant disposal for the proceedings, including copies of all correspondence and other papers; and to do so would (but for the indemnity in paragraph (c)) expose the SELLER to a purposes of part I of the Landlord and Tenant Act 1987 (b) use all reasonable endeavours to substitute the BUYER for the SELLER in liability that the SELLER would not otherwise have, in which case the SELLER G18.2 The SELLER warrants that the SELLER has complied with sections 5B and 7 of any rent review proceedings. may act reasonably in such a way as to avoid that liability; that Act and that the requisite majority of qualifying tenants has not accepted G23.5 The SELLER and the BUYER are to keep each other informed of the progress of (b) if the SELLER gives the BUYER notice of the SELLER’s intended act and the the offer. the rent review and have regard to any proposals the other makes in relation BUYER does not object within five BUSINESS DAYS giving reasons for the G19 Sale by PRACTITIONER to it. objection the SELLER may act as the SELLER intends; and G19.1 This CONDITION G19 applies where the sale is by a PRACTITIONER either as G23.6 When the rent review has been agreed or determined the BUYER must (c) the BUYER is to indemnify the SELLER against all loss or liability the SELLER SELLER or as agent of the SELLER. account to the SELLER for any increased rent and interest recovered from the incurs through acting as the BUYER requires, or by reason of delay caused by G19.2 The PRACTITIONER has been duly appointed and is empowered to sell the tenant that relates to the SELLER’S period of ownership within five BUSINESS the BUYER. LOT. DAYS of receipt of cleared funds. G13 Rent deposits G19.3 Neither the PRACTITIONER nor the firm or any member of the firm to which the G23.7 If a rent review is agreed or determined before COMPLETION but the G13.1 Where any TENANCY is an assured shorthold TENANCY, the SELLER and the PRACTITIONER belongs has any personal liability in connection with the sale increased rent and any interest recoverable from the tenant has not been BUYER are to comply with their respective statutory duties in relation to the or the performance of the SELLER’s obligations. The TRANSFER is to include a received by COMPLETION the increased rent and any interest recoverable is protection of tenants’ deposits, and to demonstrate in writing to the other declaration excluding that personal liability. to be treated as ARREARS. (before COMPLETION, so far as practicable) that they have complied. G19.4 The LOT is sold G23.8 The SELLER and the BUYER are to bear their own costs in relation to rent G13.2 The remainder of this CONDITION G13 applies where the SELLER is holding or (a) in its condition at COMPLETION; review negotiations and proceedings. otherwise entitled to money by way of rent deposit in respect of a TENANCY. (b) for such title as the SELLER may have; and G24 TENANCY renewals In this CONDITION G13 “rent deposit deed” means the deed or other (c) with no title guarantee; G24.1 This CONDITION G24 applies where the tenant under a TENANCY has the DOCUMENT under which the rent deposit is held. and the BUYER has no right to terminate the CONTRACT or any other remedy right to remain in occupation under part II of the Landlord and Tenant Act 1954 G13.3 If the rent deposit is not assignable the SELLER must on COMPLETION hold if information provided about the LOT is inaccurate, incomplete or missing. (as amended) and references to notices and proceedings are to notices and the rent deposit on trust for the BUYER and, subject to the terms of the rent proceedings under that Act. G19.5 Where relevant: deposit deed, comply at the cost of the BUYER with the BUYER’s lawful G24.2 Where practicable, without exposing the SELLER to liability or penalty, the (a) the DOCUMENTS must include certified copies of those under which instructions. SELLER must not without the written consent of the BUYER (which the BUYER the PRACTITIONER is appointed, the DOCUMENT of appointment and the G13.4 Otherwise the SELLER must on COMPLETION pay and assign its interest must not unreasonably withhold or delay) serve or respond to any notice or PRACTITIONER’S acceptance of appointment; and in the rent deposit to the BUYER under an assignment in which the BUYER begin or continue any proceedings. (b) the SELLER may require the TRANSFER to be by the lender exercising its covenants with the SELLER to: G24.3 If the SELLER receives a notice the SELLER must send a copy to the BUYER power of sale under the Law of Property Act 1925. (a) observe and perform the SELLER’s covenants and conditions in the rent within five BUSINESS DAYS and act as the BUYER reasonably directs in G19.6 The BUYER understands this CONDITION G19 and agrees that it is fair in the deposit deed and indemnify the SELLER in respect of any breach; relation to it. circumstances of a sale by a PRACTITIONER. (b) give notice of assignment to the tenant; and G24.4 Following COMPLETION the BUYER must: G20 TUPE (a) with the co-operation of the SELLER take immediate steps to substitute (c) give such direct covenant to the tenant as may be required by the rent G20.1 If the SPECIAL CONDITIONS state “there are no employees to which TUPE itself as a party to any proceedings; deposit deed. applies”, this is a warranty by the SELLER to this effect. G14 VAT G20.2 If the SPECIAL CONDITIONS do not state “there are no employees to which (b) use all reasonable endeavours to conclude any proceedings or negotiations for G14.1 Where a SALE CONDITION requires money to be paid or other consideration TUPE applies” the following paragraphs apply: the renewal of the TENANCY and the determination of any interim rent as soon to be given, the payer must also pay any VAT that is chargeable on that money as reasonably practicable at the best rent or rents reasonably obtainable; and (a) The SELLER must notify the BUYER of those employees whose CONTRACTs or consideration, but only if given a valid VAT invoice. of employment will TRANSFER to the BUYER on COMPLETION (the (c) if any increased rent is recovered from the tenant (whether as interim rent G14.2 Where the SPECIAL CONDITIONS state that no VAT OPTION has been made “Transferring Employees”). This notification must be given to the BUYER not or under the renewed TENANCY) account to the SELLER for the part of that the SELLER confirms that none has been made by it or by any company in the less than 14 days before COMPLETION. increase that relates to the SELLER’S period of ownership of the LOT within same VAT group nor will be prior to COMPLETION. five BUSINESS DAYS of receipt of cleared funds. (b) The BUYER confirms that it will comply with its obligations under TUPE and G15 TRANSFER as a going concern any SPECIAL CONDITIONS in respect of the TRANSFERring Employees. G24.5 The SELLER and the BUYER are to bear their own costs in relation to the G15.1 Where the SPECIAL CONDITIONS so state: renewal of the TENANCY and any proceedings relating to this. (c) The BUYER and the SELLER acknowledge that pursuant and subject (a) the SELLER and the BUYER intend, and will take all practicable steps (short to TUPE, the CONTRACTs of employment between the TRANSFERring G25 Warranties of an appeal) to procure, that the sale is treated as a TRANSFER of a going Employees and the SELLER will TRANSFER to the BUYER on COMPLETION. G25.1 Available warranties are listed in the SPECIAL CONDITIONS. concern; and (d) The BUYER is to keep the SELLER indemnified against all liability for the G25.2 Where a warranty is assignable the SELLER must: (b) this CONDITION G15 applies. TRANSFERring Employees after COMPLETION. (a) on COMPLETION assign it to the BUYER and give notice of assignment to G15.2 The SELLER confirms that the SELLER: G21 Environmental the person who gave the warranty; and (a) is registered for VAT, either in the SELLER’S name or as a member of the G21.1 This CONDITION G21 only applies where the SPECIAL CONDITIONS so (b) apply for (and the SELLER and the BUYER must use all reasonable same VAT group; and provide. endeavours to obtain) any consent to assign that is required. (b) has (unless the sale is a standard-rated supply) made in relation to G21.2 The SELLER has made available such reports as the SELLER has as to the If consent has not been obtained by COMPLETION the warranty must be the LOT a VAT OPTION that remains valid and will not be revoked before environmental condition of the LOT and has given the BUYER the opportunity assigned within five BUSINESS DAYS after the consent has been obtained. COMPLETION. to carry out investigations (whether or not the BUYER has read those reports G25.3 If a warranty is not assignable the SELLER must after COMPLETION: G15.3 The BUYER confirms that or carried out any investigation) and the BUYER admits that the PRICE takes (a) hold the warranty on trust for the BUYER; and (a) it is registered for VAT, either in the BUYER’S name or as a member of a VAT into account the environmental condition of the LOT (b) at the BUYER’s cost comply with such of the lawful instructions of the group; G21.3 The BUYER agrees to indemnify the SELLER in respect of all liability for or BUYER in relation to the warranty as do not place the SELLER in breach of its (b) it has made, or will make before COMPLETION, a VAT OPTION in relation resulting from the environmental condition of the LOT. terms or expose the SELLER to any liability or penalty. to the LOT and will not revoke it before or within three months after G22 Service Charge G26 No assignment COMPLETION; G22.1 This CONDITION G22 applies where the LOT is sold subject to TENANCIES The BUYER must not assign, mortgage or otherwise TRANSFER or part with (c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does that include service charge provisions. the whole or any part of the BUYER’S interest under this CONTRACT. not apply to it; and G22.2 No apportionment is to be made at COMPLETION in respect of service G27 Registration at the Land Registry (d) it is not buying the LOT as a nominee for another person. charges. G27.1 This CONDITION G27.1 applies where the LOT is leasehold and its sale either G15.4 The BUYER is to give to the SELLER as early as possible before the AGREED G22.3 Within two months after COMPLETION the SELLER must provide to the triggers first registration or is a registrable disposition. The BUYER must at its COMPLETION DATE evidence BUYER a detailed service charge account for the service charge year current own expense and as soon as practicable: (a) of the BUYER’S VAT registration; on COMPLETION showing: (a) procure that it becomes registered at the Land Registry as proprietor of the (b) that the BUYER has made a VAT OPTION; and (a) service charge expenditure attributable to each TENANCY; LOT; (c) that the VAT OPTION has been notified in writing to HM Revenue and (b) payments on account of service charge received from each tenant; (b) procure that all rights granted and reserved by the lease under which the Customs; and if it does not produce the relevant evidence at least two (c) any amounts due from a tenant that have not been received; LOT is held are properly noted against the affected titles; and BUSINESS DAYS before the AGREED COMPLETION DATE, CONDITION G14.1 (d) any service charge expenditure that is not attributable to any TENANCY (c) provide the SELLER with an official copy of the register relating to such applies at COMPLETION. and is for that reason irrecoverable. lease showing itself registered as proprietor.
* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the 54 purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections LHP 5 pages_OCT 2019.indd 54 09/10/2019 15:15 AUCTION: 28 October 2019 | ENQUIRIES: 020 7637 4000
G27.2 This CONDITION G27.2 applies where the LOT comprises part of a registered G28.2 A communication may be relied on if: (b) when personally acknowledged, if made electronically; but if delivered or title. The BUYER must at its own expense and as soon as practicable: (a) delivered by hand; or made after 1700 hours on a BUSINESS DAY a communication is to be treated (a) apply for registration of the TRANSFER; (b) made electronically and personally acknowledged (automatic as received on the next BUSINESS DAY. (b) provide the SELLER with an official copy and title plan for the BUYER’S new acknowledgement does not count); or G28.4 A communication sent by a postal service that offers normally to deliver mail title; and (c) there is proof that it was sent to the address of the person to whom it is to the next following BUSINESS DAY will be treated as received on the second (c) join in any representations the SELLER may properly make to the Land be given (as specified in the SALE MEMORANDUM) by a postal service that BUSINESS DAY after it has been posted. Registry relating to the application. offers normally to deliver mail the next following BUSINESS DAY. G28 Notices and other communications G29 CONTRACTs (Rights of Third Parties) Act 1999 G28.1 All communications, including notices, must be in writing. Communication to G28.3 A communication is to be treated as received: No one is intended to have any benefit under the CONTRACT pursuant to the or by the SELLER or the BUYER may be given to or by their conveyancers. (a) when delivered, if delivered by hand; or CONTRACTs (Rights of Third Parties) Act 1999.
EXTRA – COMMON AUCTION CONDITIONS 4TH EDITION – APRIL 2018 EXTRA GENERAL CONDITIONS OF SALE APPLICABLE TO ALL LOTS
G30 EXTRA GENERAL CONDITIONS COMPLETION on the grounds that the existence of such items does not production may (as agents for the SELLER) treat this as the BUYERS repudiation constitute vacant possession, and G30.1 If a cheque for all or part of the deposit is not cleared on first presentation, of the CONTRACT and re-offer the LOT for sale. (b) that all or part of the LOT whether comprising a house, part of a house, flat the AUCTIONEERS are under no obligation to re-present the cheque, but G30.6 The AUCTIONEERS shall be under no financial liability in respect of any or flats may not legally be used for immediate residential occupation. should they do so (at their sole discretion) then the BUYER will pay to the matters arising out of the AUCTION or the PARTICULARS of any LOT or any G30.3 The BUYER will pay to the AUCTIONEERS an Administration Fee of £895 AUCTIONEERS a fee of £100 plus VAT, such payment being due whether or of the CONDITIONS relating to any LOT. No claims shall be made against inclusive of VAT (£495 for transactions of less than £10,000). If for any reason not the cheque ultimately clears. the AUCTIONEERS by the BUYER in respect of any loss or damage or claim this sum is not paid on exchange of contracts then it will be payable to the actually or allegedly suffered by or made against the BUYER by reason of G30.2 Vacant possession of the LOT shall be given to the BUYER on COMPLETION SELLER’S solicitors on COMPLETION in addition to the purchase PRICE. the BUYER entering into the CONTRACT. except where stated in the SPECIAL CONDITIONS. The BUYER accepts G30.4 Any description of the LOT which includes reference to its use does not imply vacant possession of the whole or any part of the LOT offered with vacant or warrant that it may be legally used for that purpose. G30.7 The AUCTIONEERS have undertaken their best endeavours to satisfy possession notwithstanding that: G30.5 If the BUYER is unable to provide adequate means of identification in the themselves as to the bona fides of the SELLER and that he is the beneficial (a) there may be furniture, fittings, effects, waste or rubbish remaining at the auction room either for himself or for the contractual BUYER (if this is different) owner but we give no warranty. LOT in which case the BUYER shall not be entitled to require the removal of the AUCTIONEERS may retain the sale memorandum signed by or on behalf G30.8 The deposit will be held by the AUCTIONEERS as agents for the seller unless such items or delay of the SELLER until such identification is produced and in the absence of its the sale is subject to VAT where it will be held as stakeholder.
AUCTION MAILING LIST
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NAME / COMPANY: ......
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METHOD OF PAYMENT: Enclose cheque made payable to “Strettons” with completed form or provide Credit/Debit Card details:
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* The “Important Notice to Prospective Buyers” on the catalogue inside front cover includes a definition of “Guide Price”. Note that in addition to the purchase price there is a buyer’s administration fee and there may be additional non-optional fixed or variable fees and costs. To establish the full cost 55 of purchasing a property please inspect the legal documentation/special conditions. Please also check online at strettons.co.uk for updates.
Strettons_Auction Catalogue_Back Sections LHP 5 pages_OCT 2019.indd 55 09/10/2019 15:15 AUCTION MEMORANDUM Please note: we are unable to accept the deposit payment in cash
Date ...... 2019
Name of seller ......
Name and address of buyer ......
......
......
......
The lot number ...... SUBJECT TO SPECIAL CONDITIONS
The price (excl. any vat) ...... ATTACHED OPPOSITE SHEET(S)
Deposit paid ......
The seller agrees to sell and the buyer agrees to buy the lot for the price. This agreement is subject to the conditions so far as they apply to the lot.
We acknowledge receipt of the deposit.
Signed by the buyer ......
Signed by Strettons as
agent for the seller ...... (Ref: ...... )
buyer’s solicitors:
Name ...... B/DRAFT £......
Address ...... CHEQUE £......
...... DEBIT CARD £......
...... ADMIN FEE £......
Contact ......
In addition to the deposit to be paid to Strettons on exchange of contracts you are required to pay a Buyer’s Administration Fee of £895 inclusive of VAT (or £495 for transactions less than £10,000). A VAT receipt will be issued on the following working day.
DO NOT DETACH • DO NOT DETACH • DO NOT DETACH • DO NOT DETACH • DO NOT DETACH
56
Strettons_Auction Catalogue_Back Sections LHP 5 pages_OCT 2019.indd 56 09/10/2019 15:15 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 Also; on the basis that you accept them. Legals 9. If you are successful in the bidding then you have entered documentation at our Auction office during to this catalogue, including that relating to c. Conditions of sale 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. Updates are also posted online printing. Guides may change at any time before the auction, and Howard Freeman or Matt Conroy at least 2 clear working days before the at strettons.co.uk You are advised to check with us on properties could sell above or below the figures quoted, but we 33 Cavendish Square, auction. It should be accompanied by your arrival at the auction as to whether there are any changes do update them on our auction web site each working day up affecting the lot for which you intend to bid. If you do bid to the last such day before the auction, and they are shown on London W1G 0PW deposit, in the prescribed form, for 10% you will be assumed to do so with knowledge of any such the printed auction day announcement sheet. If a change occurs of your maximum bid price, subject to a changes. You should also check whether a lot in which you after this publication deadline then an announcement will be 020 7016 3016 minimum of £3,000. CERTIFICATE NO. 1361 are interested has been withdrawn or sold prior. made from the rostrum. If the guide price is stated as a single [email protected] figure then the reserve will be within 10% of the stated figure. 5. Offers can be submitted to buy a lot before the auction www.clglaw.co.uk and if acceptable a sale can proceed but the property will 17. The word “Equivalent” in relation to rent means the not be withdrawn from the auction until contracts have corresponding annual amount due. been exchanged. 18. Before bidding all bidders need to provide valid ID. 6. Some sellers require the buyer to contribute towards Please refer to the bidder identity registration notice in the their legal/administrative costs by specifying an additional catalogue/online or contact us.
NEXT AUCTION: 12th DECEMBER 2019 strettons.co.uk CERTIFICATE NO. 1361 CATALOGUE ONLINE: 22nd NOVEMBER – HARD COPIES AVAILABLE: 26th NOVEMBER FOR UP-TO-THE-MINUTE INFORMATION ON GUIDE PRICES, AMENDMENTS, ANNOUNCEMENTS, LEGAL DOCUMENTATION
© COPYRIGHT STRETTONS 2019. All rights are reserved. No part of this catalogue may be reproduced, stored or transmitted in any form or by any means without our prior permission. Unauthorised reproduction will result in enforcement action.
ST_Cover_OCT 19.indd 2 08/10/2019 14:13 OCTOBER 2019 NATIONAL STRETTONS PROPERTY AUCTION FUTURE NATIONAL AUCTION 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