Auction 039 Online Property Auction Catalogue July 2018
Starts // Ends // Wednesday Thursday 26th July 25th July from 10.30am
50TH ANNIVERSARY 1968-2018 0115 924 3243 FOR SALE BY AUCTION Online Property Auction 25-26 July 2018 (Lot 1 - Job Centre Plus)
Guide Price* £450,000+ 23 Grove Street, Retford, Nottinghamshire, DN22 6JR
Key Features / Prime freehold retail investment / Passing Rent - £31,450 pax / Government tenant - Secretary of State for Communities and Local Government / 10 year FRI lease expiring 31st March 2028 (lease renewal) Joint Auctioneers / 6.65% Net initial yield after John Pye Property purchasers costs Richard Reed BSc (Hons) MRICS MNAVA / Tenant in occupation since 1992 [email protected] 0115 970 6060 / 020 7456 6750 / Scheduled to be retained under DWP Estates portfolio rationalisation Innes England / Nearby occupiers: TSB, Santander, Steve Holland BSc (Hons) MRICS MCIArb KFC and Argos [email protected] 0115 924 3243
/ Residential / 0115 970 6060 / [email protected] / Commercial / 020 7456 6750 / johnpye.co.uk JOHN PYE ONLINE COMMERCIAL VALUATIONS PROPERTY AUCTIONS RESIDENTIAL AGENCY Overview MAINTENANCE & SECURITY
*Guide Price: Each property is subject to Online Property Auction Lot Listing a Reserve Price which may be different of Properties from the Guide Price Lot Property Address Guide Price* in this Auction 1 23 Grove Street, Retford, Nottinghamshire, DN22 6JR £450,000 2 Seven Sisters Workingmen’s Club, Heol y Felin, Seven Sisters, SA10 9BD £75,000
3 Old Brewery House, Potter Street, Worksop, Nottinghamshire, S80 2AQ £295,000
4 Prohibition House, Trinity Street, Stoke on Trent, ST1 5LA £350,000 - £400,000
5 16 Carlton House, 307 Anlaby Road, Hull, HU3 6AB £25,000
6 4,6 & 8 Edith Road, Clacton-On-Sea, Essex, C015 1JU £1,350,000
7 Land to the East of Queen Street, Queensferry, Deeside, CH5 1TB £27,500
8 67 Harrington Street, Cleethorpes, Lincolnshire, DN35 7BQ £43,000
9 63 Greenrigg Road, Cumbernauld, Glasgow, Dunbartonshire, G67 2QA £18,000
10 Byron Bingo, High Street, Hucknall, Nottinghamshire NG15 7HQ £375,000 - £425,000
11 Bellview Bungalow, Britjweunydd Road, Tonypandy, CF40 2NY £180,000
12 8 High Street, Galashiels, TD1 1SD £125,000
13 145 High Street, Abersychan, Wales, NP4 7AB £100,000 - £110,000
14 33 Richarsdon Road, Leeds LS9 9BQ £89,950
15 67 Basford Road, Nottingham, NG6 0JG £99,000
16 5 Claycliffe Avenue, Barnsley, Sourth Yorkshire, S75 1HJ £110,000
17 21 Beaconsfield Street, Nottingham, NG7 6FD £120,000
18 15 Parliament Street, Newhall, Swadlincote, Derbyshire, DE11 0SQ £60,000
19 The Post Office, Worsbrough View, Tankersley, Barnsley, S75 3A £145,000 - £170,000
20 Land and building to the rear of 1 Prestwood Drive, Aspley, Nottingham, NG8 3LY £40,500
21 191 Acomb Street, Manchester, M14 4DY £185,000
22 8 Chapel Street, Disington, Cumbria, CA14 5UL £55,000 - £60,000
23 2 Cannon Street, Sherwood, Nottingham, NG5 2HB £120,000
24 1 Helvetia Street, Catford, London, SE6 4EX £495,000
25 Plot 81, Mill View, Hook Road, North Warmborough, Hook, Hampshire, RG29 1HD £4,750
26 107 Lynwood Avenue, Darwen, BB3 0HZ £95,000
27 43 Princess Crescent, Doncaster, DN12 1BA £35,000
28 17-35 Crosby Street, Martport, Cumbria, CA15 6DS £265,000 -£285,000
29 Unit 1 and Unit 3, Church Street, Blyth NE24 1BG £850,000
30 6, Dynevor Close, Skewn Neath, West Glamorgan, SA10 6TN £49,500 Important Notice - Proof of Identification Two forms of identification (from the list below) MUST be provided by the winning bidder within 24 hours of the auction finishing. 31 Land and Buildings, on the south west side of Westleigh Lane, Leigh £15,000 - £20,000 Identity Documents • Current signed passport • Current UK photo card driving licence • Current driving licence (old version) 32 Land South East side of New Hall Avenue, Eccles, aka Ivory Close, Eccles, Manchester, M30 7LE £17,500 - £22,500 • Residential permit issued by the Home Office to EU Nationals • Inland revenue tax notification • Firearms certificate Evidence of address • Current driving licence (old version) • A utility bill issued within the last 3 months • Local authority tax bill (current year) • Bank, building society or credit union statement • Most recent mortgage statement from a UK lender. Alternatively your solicitor can write to us to confirm your identity.
4 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 5 Prior to Auction
Property particulars and 1. Guide Prices 5. Survey Property All properties being sold through Have a surveyor look at the property, auction information John Pye Property online auction if necessary. Appointments can be will have guide prices, which will made for the surveyor to access the feature in the property online auction property, please email John Pye All information regarding the catalogue. This catalogue will be Property via email with any such online auction, properties for available prior to the auction start requests. sale, previews and the Online date. Guide prices are subject to Auction Catalogue can be change. Up to date guide prices can also be found on our website 6. Arrange Finance found on our website www.johnpye.co.uk/property. www.johnpye.co.uk/property It is important your finances are in place prior to bidding on a lot. If borrowing is required, the lenders 2. Property Viewings may require a surveyor to undertake We strongly advise any interested a valuation report prior to making a parties to view a property before mortgage offer. It is important to a bid is placed. Viewings will be make a mortgage application as early co-ordinated as either open day as possible, as successful bids are viewings on specific dates or by subject to 20 working days prior appointment. Details of completion, unless stated otherwise. specific viewing arrangements You should discuss the nature of can be found in the online the auction sale and timescales catalogue. with your lender. We operate a two day online auction bidding process, affording 3. Legal Documents buyers more time to arrange their For each property the vendor’s necessary finances. Any successful solicitors will prepare a legal pack. bidder will be required to pay a 10% All property legal packs are available deposit of the purchase price within to download on our website 24 hours of the online auction www.johnpye.co.uk/property, or ending. from the vendor’s solicitors - details of which will be disclosed in the online auction catalogue for each 7. Read and Understand individual lot. All legal packs will be all Terms and Conditions made available to download at least It is important to read and 7 days prior to the online auction understand all of the Terms and commencing. Conditions of the online property auction and legal documentation of the individual lots. 4. Legal Advice The full Terms and We recommend you obtain Conditions can be found at independent legal advice prior www.johnpye.co.uk/propertyterms to bidding. Property legal packs and documentation should be passed to your legal adviser, who should be able to help you make an informed decision about the lot. Further information may be available from the vendor’s solicitors.
6 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 7 Online Bidding & After Auction 1. Registration to bid 2. Addendum Before bidding on any property Before the start of the online auction, during the online auction you must all bidders should check the provide the following through our addendum sheet, this will detail any Information for a website: changes to the property online auction catalogue details. • Registration of bidder smooth transaction The addendum sheet can be found • Payment of refundable at www.johnpye.co.uk/property. registration fee All information regarding the online auction, properties for 3. Bidding Process Registration of Bidder sale and the Online Auction The bidding process will take place Catalogue can be found You can register to bid on our typically over a two day online on our website website www.johnpye.co.uk. property auction. Bidding on all lots www.johnpye.co.uk/property. You will be required to provide your will begin at the same time. name, address and contact details All lots will be offered for sale subject - you can provide your solicitor’s to an undisclosed reserve price, details if you have them. The unless stated otherwise. refundable registration fee can be paid at this stage, which will When bidding begins, bidders can allow you to bid. bid on lots once the refundable registration fee has been paid. We advise all seriously interested Refundable Registration Fee – parties provide their proof of Single Purchase Account identity at this stage. In order to set up an online auction Bids prior to auction may only be bidding account, each bidder must made through the online platform. register and pay a refundable registration fee of £500 per auction, The online auction will conclude per property (to bid on one property with a staggered finish of 10 minute only). The auctioneers reserve the intervals per lot. Once this time right to increase the refundable has elapsed and the 3 minute rule has registration fee at their discretion. been applied, the virtual gavel will effectively fall and the sale will close.
The registration fee is refunded if no property is purchased; it is also 3 Minute Rule refunded if your bid is successful and This rule mirrors the principals of a will be refunded, once the property live traditional auction whereby an has exchanged contracts and the auctioneer will still entertain bids deposit (which includes the buyer’s from interested parties, enabling all premium) has been paid. bidders to lodge their interest. In the event of last minute bids a 3 minute rule will apply. This 3 minute rule stipulates any party who bids online within the last 3 minutes of any Lot’s scheduled closing time will trigger an automatic extension of a further 3 minutes of online bidding. This 3 minute trigger will continue until 3 minutes has elapsed without any further competing bids and a winning bid is achieved.
8 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 9 ONLINE BIDDING JOHN PYE ONLINE COMMERCIAL VALUATIONS & AFTER AUCTION PROPERTY AUCTIONS RESIDENTIAL AGENCY MAINTENANCE & SECURITY
Reserve Not Met 5. John Pye Auction Fees Registration Points for Proof of Identification If the reserve has not been met, ONLY ONCE IDENTIFICATION John Pye Auctions Buyer’s Premium the auctioneer may then invite IS VERIFIED WILL BUYERS is charged at 2% (minimum East Midlands Office West Midlands Office Birmingham Office interested parties to engage in the PAYMENT BE ACCEPTED £3,600) inc.VAT of the purchase James Shipstone House, 39-40 Marchington Industrial One Victoria Square, submission of revised bids and the price (for transactions under Radford Road, New Basford, Estate, Marchington, Birmingham B1 1BD reserve price may be disclosed at this £60,000 the buyers premium will be Nottingham NG7 7FQ Staffordshire ST14 8LP (by appointment only) stage. Sales can still be agreed after 10% Buyer’s Payment £3,000 inc. VAT). The buyer’s Derby Office London Office Northampton Office the auction if a price can be agreed premium will be included in the 10% The 10% buyer’s payment 50 Chequers Road, 5 Old Bond Street, 7 West Street, Rusden, with the seller. buyer’s payment payable within 24 (made-up of the deposit and West Meadows Industrial Estate, Mayfair, London, Northampton. NN10 0RT hours. buyer’s premium) must be made Derby DE21 6EN W1S 4PD (by appointment only) by online transfer only. The Failure to pay will result in losing 4. Successful Bids & minimum buyer's payment is the registration fee and you may be 10% Buyer’s Payment £6,000. banned from bidding again. Once the online auction has Failure to pay within the allocated concluded and the time has elapsed, time (24 hours of auction close) 6. Completion the successful bidder has won the lot will mean your winning bid will be Completion will occur within 20 by law. At this point your Take a break from the withdrawn and potentially offered to working days from the end of the identification must be proved other buyers. The seller has the right auction, unless specifically stated in (if not done so already) and the 10% hassles of house buying... to pursue you for the proceeds of the special conditions of sale in the buyers payment of the final auction sale should you fail to pay. legal documents. The full balance of purchase price (made-up of the sale will be payable on completion deposit and buyer’s premium) of the sale and will be co-ordinated must be paid within 24 hours of through all designated solicitors. auction end.
10% Buyer’s Payment Explained Proof of Identification It is best practice to prove identity As a basic example: prior to the auction commencing to Auction purchase price £150,000 = 10% Buyers Payment of £15,000* avoid complications toward the end
of the auction. Satisfactory proof of *10% Buyers Payment breakdown: identity must be proved within 24 Buyer’s Premium 2% = £3,600 inc VAT, Deposit of £11,400 hours of bidding ending, otherwise Leaving £138,600 to complete. we cannot accept your bid and you may be banned from bidding again. Two forms of identification will be required from the winning bidder, including photo ID ( passport or driving licence) AND proof of your address (bank statement or utility bill - no more than three months old). Your identification will need to be provided in person at one of our four registration points throughout the country (details opposite). Alternatively, your solicitor can write to us confirming your identity. All proof of identity used will be subject to satisfactory verification by John Pye & Sons Ltd.
10 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 11 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES JOHN PYE PROPERTY 23 Grove Street £450,000 + 25th - 26th July 2018 [email protected] LOT 1 Retford, 0115 970 6060 LOT 1 Nottinghamshire, DN22 6JR
Description Continued A good sized open plan office and customer meeting area occupies the RETFORD, NOTTINGHAMSHIRE majority of the first floor space, which benefits from a modern perforated metal suspended ceiling with inset spot lighting and surface mounted cat II lighting, perimeter trunking and double glazed wooden framed sash windows to the front elevation.
There is also a separate manager’s office, kitchen, staff break out area, ladies and gents W.C’s and a store room to the right of the main office space, and two glazed interview rooms at the rear. The property further benefits from two carpark spaces to the rear, 3 phase electricity and is DDA compliant.
Accommodation Total area - NIA: 408 m2 / 4,391 ft2
Services We understand the property is connected to mains electricity, gas, water and The entire property is let to the Secretary of State for Communities and Local drainage. We advise all interested parties to Government on full repairing and insuring terms. make their own enquiries. A lease renewal was recently agreed at the passing rent of £31,450 pax, for a new term of Rateable Value 10 years until 31st March 2028, with five yearly upwards only rent reviews. There is a The current rateable value is £22,960. tenant break option after five years.
Tenure The guide price of £450,000+ reflects a net initial yield of 6.65%, after purchasers costs. Freehold Freehold Commercial Investment - 6.65% Net Initial Yield Guide Price* VAT Ten Year Lease Expiring 2028 - Passing Rent of £31,450 pax We advise all interested parties to make £450,000 their own enquiries.
Let to a Government Body - Tenant in Occupation Since 1992 - Buyers Premium Scheduled as Retained under DWP Estates Portfolio Rationalisation 2% (min £3,600) inc. VAT FEATURES Location Description Joint Sole Agent Innes England • Auction Date – 25th – 26th July The property is located on Grove Street in • For Sale By Online Auction – 25th – 26th July 2018 Steve Holland - 0115 924 3243 - 2018 Retford town centre, and 100 metres from • Guide Price: £450,000 [email protected] Retford Town Hall and the market square. • Prime freehold retail investment • Prime freehold retail investment • Government tenant - see investment analysis
• Passing Rent - £31,450 pax Nearby Occupiers include; TSB, Santander, The property is occupied by the Job Centre Plus, and • Government tenant - see investment KFC, Argos, Superdrug and Barclays Bank. has A2 retail use on the ground floor, and associated analysis office space to the first and second floors. Grove Street is located off Arlington Way • 10-year FRI lease expiring 31st and is well placed for the A620 and A638. The main ground floor space is entered at street level, March 2028 via a set of glazed double entrance doors, where there is Retford Railway Station is approximately an air-conditioned reception area with wood laminate • 6.65% Net initial yield after one mile from Grove street. flooring. The ground floor is predominantly open plan purchaser’s costs space, together with two interview rooms, an additional • Tenant in occupation since 1992 Retford is 20 miles north west of Newark- office, disabled W.C, and an air-conditioned comms room within the storage area to the rear. • Scheduled to be RETAINED under on-Trent which is easily accessed by road via the A1. Doncaster is 20 miles to the Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James DWP Estates portfolio rationalisation The first floor accommodation can be accessed by either northwest of Retford and can be accessed Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself • Nearby occupiers: TSB, Santander, set of stairs, to the rear or right hand side of the ground and for the vendors or lessors of this property, whose agent they are, give notice that: by road via the A1 or A638. floor. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance KFC and Argos of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given EPC Rating: should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Solicitors Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings Nelsons Law services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 121 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 13 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Seven Sisters, Heol Y Felin 25th - 26th July 2018 [email protected] LOT 2 Neath 0115 970 6060 LOT 2 Glamorgan, SA10 9BD
Description Continued We have been advised the cost to complete the works to a GLAMORGAN good standard will cost in the region of £30,000. Adjacent to the family home there is a large former working mens club, which forms part of the sale. The former working men’s club hasn’t been inspected internally, however, it is in a dilapidated condition.
The entire plot extends to approximately 0.3 acres (1225 m2) Accommodation Lounge: 4.91m x 3.53m Family Room: 3.53m x 3.13m Kitchen / Diner: 7.3m x 3.9m Utility: 1.70m x 2.64m Bedroom 1: 4.03m x 4.03m Ensuite 2.28m x 1.55m Bedroom 2: 3.89m x 3.51m Bedroom 3: 3.71m x 3.89m Bedroom 4: 3.81m x 3.18m Bathroom: 2.45m x 2.25m Services Potential buyers are advised to make their own investigations
Tenure Investment Analysis: The property is freehold Council Tax & Business Rate There is an opportunity to add value to the property, by completing the outstanding The former working mens club has a current rateable value works to the detached house. of £7,200. Subject to the necessary planning consents being obtained, and following demolition of Potential buyers are advised to make their own the former working men’s club, there will be an opportunity to develop the site further. investigations regarding the council tax payable on the detached house once the works have been completed.
New Build Four Bedroom Detached House Guide Price* Buyer’s Premium Completion Work Required 2% (min. £3,600) inc. VAT Former Working Mens Club in Dilapidated Condition £75,000+
FEATURES Location Description
• Auction Date: 25th – 26th July 2018 The property is located on the eastern side • For Sale By Online Auction – 25th – 26th of Mary Street in the semi-rural district of July 2018 • Modern detached house in need of Seven Sisters, Neath, West Glamorgan. • Guide Price: £75,000+ completion Amenities in the immediate vicinity include • Development Project • Estimated cost of completion work a post office, primary school and a local • Sought After Location in the region of £30,000 shop. Further afield in nearby Neath there is • Potential To Add Good Capital Value a wider range of amenities including • Kitchen not fitted The residential property is accessed via the supermarkets and various national retailers. • Potential to add capital value side entrance to the large hallway. The large kitchen / dining room is located to the rear • Freehold Site The picturesque Brecon Beacons, a popular of the building and has a fully tiled flooring • Approx. site area 0.3 acres tourist destination, are located only three and patio doors. Beyond the kitchen, there is miles north of the property. a utility room with plumbing for a washing machine and a door to the side of the The city of Swansea is less than 20 miles, property. To the front of the ground floor, and approximately 35 minute drive to the there is a spacious lounge and additional Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James southwest of Seven Sisters. Swansea is family room. Within the entrance hallway Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself there is a downstairs w.c. and for the vendors or lessors of this property, whose agent they are, give notice that: accessed by road via the A465 and A483. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The M4 motorway is approximately 20 of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any minutes away, and runs from West Wales To the first floor there are four large double bedrooms and a fully tiled family bathroom. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC into Central London, passing by the major suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye The main bedroom to the front of the cities of Cardiff, Bristol and Reading. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential property has the benefit en-suite facilities. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 141 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 15 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Old Brewery House, Potter Street 25th - 26th July 2018 [email protected] LOT 3 Worksop 0115 970 6060 LOT 3 Nottinghamshire, S80 2AQ
Accommodation Flat 1 – 31 m2 WORKSOP, NOTTINGHAMSHIRE Flat 2 – 30 m2 Flat 3 – 40 m2 Flat 4 – 27 m2 Flat 5 – 25 m2 Flat 6 – 40 m2 Total – Approx. 193 m2
(Measurements taken from the EPC).
Services We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.
Guide Price £295,000+
Buyer’s Premium 2% (min. £3,600 inc. VAT)
Investment Analysis:
The total annual rent reflects a gross yield of approx. 9.69%, based on the guide price.
Planning permission has been granted for the conversion of the attic to provide a 1 x 2 bedroom flat and 1 x 1 bedroom flat.
Fully Refurbished Block of Six Flats - Freehold Guide Price* Annual Income of £28,600 - Yield of 9.69% - Fully Let £295,000+
FEATURES Location Description
• Auction Date: 25th - 26th July 2018 This property is located on Potter Street, • For Sale By Online Auction: 25th - 26th July Worksop. The property is situated close by 2018 • Block of six flats – fully refurbished to many local amenities, including; Savoy • Guide Price: £295,000+ • Fully occupied: Total income of Cinema, Barclays Bank and an Asda • Fully refurbished block of six flats £28,600 per annum Supermarket. • Fully tenanted - £28,600 pa - 9.69% yield • Planning permission to convert attic space • Approx. gross yield of 9.69% The town centre can be reached by foot, as The property is a former Old Brewery House • Planning permission to convert attic it is situated just three minutes from the space and comprises accommodation arranged over property. Worksop train station is less than two storeys, with planning permission in • Attic conversion opportunity – 1 x 2 one mile, immediately to the north of the place to convert the attic space to provide an bed and 1 x 1 bed flat property, and can be easily accessed on additional two flats. There are three flats on • Good condition foot in approximately 15 minutes via the ground floor, and a further three flats are Watson Road. on the first floor. • Close to Worksop town centre • Good rental location Worksop is the largest town in the district The modern kitchens all include fitted base Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James of Nottinghamshire, on the River Ryton at and eye level units, integrated oven and hob Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself with fan overhead, a stainless-steel sink and and for the vendors or lessors of this property, whose agent they are, give notice that: the northern edge of Sherwood Forest. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Chesterfield is 15 miles to the southwest of additional space for appliances. The of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any Worksop and Mansfield is 14 miles to the bathrooms are fitted with; a toilet, sink, single shower cubicle, and have tile effect walls and purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC south via the A60. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye flooring. Each flat is decorated neutrally Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential throughout, with laminate effect flooring and land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings plastered and painted walls. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 161 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 17 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Prohibition House, Trinity Street, 2th - 26th July 2018 [email protected] LOT 4 Stoke-On-Trent 0115 970 6060 LOT 4 Staffordshire, ST1 5LA
Tenure Freehold
STOKE , STAFFORDSHIRE Business Rates The premises are recorded as having a rateable value of £27,000
Guide Price £350,000 - £400,000
VAT Buyers are advised to make their own enquiries regarding VAT prior to bidding
Buyers Premium 2% (min. £3,600) in. VAT
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from: • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions Investment Analysis:
Once developed to a good standard it is of our opinion that in a 51-week tenancy the student units will produce a gross income of approximately £190,250.
It is our opinion that the retail unit could generate a income in the region of £49,000 pa.
This equates to a potential rental income of approximately £239,250 pa
City Centre Development Opportunity Guide Price* Full Planning for 24 Self Contained Student Apartments £350,000 - £400,000+ and Ground Floor Cafe
FEATURES Location Description The imposing property is sited on the corner of Foundry • For Sale By Online Auction – 25th - 26th July • For Sale By Online Auction – 25th - and Trinity Street in the heart of Stoke city centre. 2018 26th July 2018 • Guide Price: £350,000 - £400,000 Hanley, together with Stoke-on-Trent has a population of • Freehold approximately 240,000. The town is located 40 miles • Planning permission for 24 self-contained student units and ground floor café • Large Mixed Use Freehold Property south of Manchester via the M6 and 51 miles north of – former nightclub and bar Birmingham. • Central Location • Freehold • Planning permission for 24 Self- The property is situated on Trinity Street which is within contained student flats and ground the town’s main nightclub/bar pitch. The property is arranged on the basement, floor café Stoke has recently benefited from high level of ground floor and four upper floors. The property • To be sold with vacant possession investment. Plans have been submitted for a £310 million is currently vacant and requires a full • Central location commercial and residential regeneration project of Stoke refurbishment. city centre. • Planning Reference - 62072/FUL The property holds full planning permission for Stoke will also benefit from an approved decision for HS2 • Prominent Corner Frontage change of use to form student accommodation Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James to service to stop at Stoke-on-Trent, which will benefit the comprising up to 24 self-contained apartments Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself local economy. and for the vendors or lessors of this property, whose agent they are, give notice that: with communal facilities in the basement as well 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The property is located in a close proximity to local as change of use to a ground floor café. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any university campuses, Staffordshire University is purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or approximately 1.6 miles from the property and easily The decision was granted in 23 April 2018 suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye accessed via public transport. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential tbcSolicitors land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
EPC Rating: *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 181 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 19 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 307 - 311 Anlaby Road 25th - 26th July 2018 [email protected] LOT 5 Hull 0115 970 6060 LOT 5 East Yorkshire, HU3 2SB
Description Continued The bathroom hosts a white three piece KINGSTON UPON HULL suite with electric shower over the bath. To the outside of the property there is secure residents parking with electric sliding gates.
Accommodation Lounge: 5.47m x 2.36m Kitchen: 2.74m x 2.16m Bedroom: 3.61m x 3.00m Bathroom: 2.11m x 1.69m
Services The property has mains gas electricity, water and drainage.
Tenure & Charges Leasehold – 94 years remaining Service Charge - £105 pcm Ground rent - £25 pa
Council Tax The property is rated in Council Tax Band A. Council Tax payable (2018/19) is Investment Analysis £1,076 The property is currently vacant, however, we envisage a rental income of Guide Price £3,900 - £4,200 can be achieved, This represents a gross yield of 17.33% - £22,500+ 18.66% based on the guide price. Buyers Premium £3,000 inc. VAT
Top Floor Recently Refurbished One Guide Price* Sell Your Property If you are thinking of selling your property, Bedroom Apartment In Strong Rental Area £22,500+ contact us now for a free appraisal and benefit from: - Potential Gross Yield 17.33% - 18.66% • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion FEATURES Location Description • Monthly auctions • Auction Date: 25th & 26th July 2018 This recently refurbished top floor • Online Auction Date 25th-26th July apartment is located on the southern side of • Guide Price £22,500 + • Top floor apartment Anlaby road in the popular city of Kingston • One Bedroom Apartment upon Hull. • Vacant, Potential Income: £3,900 - £4,200 per annum • Recently refurbished • Neutrally decorated throughout • Ideal investment opportunity Within the immediate vicinity there are a The apartment is entered via the secured outer door and good range of local amenities including • Potential rent of £325 - £350 pcm is sited on the top floor. Beyond the inner hallway there Sainsburys Local and a good range of • Gross yield 17.33% - 18.66% is a good sized lounge overlooking the rear car park to independent retailers, in addition to various the building. The kitchen that is located beyond the • Secure gated car park to the rear bars and eateries. lounge hosts a good range of base and eye level units • Vacant possession along with an integrated stainless steel oven and hob Hull city centre is easily accessible either with extractor over. • Excellent transport links on foot or via regular public transport as the stop is adjacent to the property. The bedroom is located off the inner hallway and has • Leasehold the advantage of being neutrally decorated and carpeted The A63 is just a 5 minute drive from the with a fitted wardrobe. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James property and provides good access to the Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself M62 leading to Leeds and further afield to The bathroom hosts a white three piece suite with and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D electric shower over the bath. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Liverpool and Manchester. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any To the outside of the property there is secure residents Since being awarded the city of culture purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Dennis Brewer - Brewer Wallace Solicitors parking with electric sliding gates. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye status in 2017, Hull has seen a good level Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential of regeneration and is attracting major land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings employers to the area including Siemens. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 201 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 21 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS [email protected] 4, 6 & 8 Edith Road, Clacton-On-Sea 25th and 26th July LOT 6 Essex, CO15 1JU 0115 970 6060 LOT 6
CLACTON-ON-SEA, ESSEX Description Continued Number 6 is also occupied as a guest house and has 15 bedrooms and one self- contained annex.
Income from numbers 4 and 6 equate to £77,000 pa.
Number 8 is a fully licenced 11-bedroom HMO which is currently achieving a gross rental income in the region of £53,000 pa.
All properties have off street parking for approximately 2-3 cars.
Accommodation Number 4 – 253 sq m/ 2723 sq ft Number 6 – 312 sq m/ 3358 sq ft Number 8 – 249 sq m/ 2680 sq ft Please note that John Pye Property have not inspected the properties. The measurements are from the EPC certificate.
Auction Date 25th and 26th July
Guide Price £1,350,000+
Services We understand the property is connected to mains electricity, gas, water and drainage. We advise all interested parties to make their own enquiries. Three semi-detached Victorian properties Guide Price* Tenure Freehold Income Producing Investment £1,350,000 VAT We advise all interested parties to make 2x Guest House and 1x HMO their own enquiries.
FEATURES Location Description Buyer's Premium 2% (min £3,600) inc. VAT • Auction Date – 25th – 26th July The property is located on Edith Road in • For Sale By Online Auction – 25th – 26th 2018 Clacton-On-Sea, 100 meters from the sea July 2018 Sell Your Property front. • Guide Price: £1,350,000 If you are thinking of selling your property, • Three semi-detached Victorian era • Three semi-detached Victorian properties properties contact us now for a free appraisal and Local amenities are a stone’s throw away • Current Rental income of £130,000. benefit from: • Freehold from the property, one of which is Clacton • 2x Guest House and 1x HMO • 0% Seller Fee • Nos. 4 & 6 - currently guest houses Pier which is approximately 300 meters • £0 Entry Fee away. Clacton town centre is only five Lot 6 consists of three semi-detached • No. 8 is a fully licensed HMO • £0 Marketing Costs minute walk from Edith Road Victorian Era properties, arranged over three • 20 Working Day Completion • Seaside location Colchester is approximately 20 miles north stories plus a basement. • Monthly auctions • Close to local amenities west of Clacton-On-Sea and is easily The properties are all currently income accessible via the A133. producing. Numbers 4 and 6 are currently • Opportunity to add capital value used as guest houses and number 8 is a fully Greater Anglia railways provide a regular licenced HMO. service to London’s Liverpool Street station Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself which takes approximately an hour and 26 Number 4 is a 11-bedroom guest house with and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: minutes two self-contained flats, we are advised that 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance tenants are referred from the local council. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Tbc suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 221 Property Auction July 20182017 - Catalogue Property Auction July 2018 - Catalogue 2 23 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Land to the east of Queen Street 25th - 26th July 2018 [email protected] Queensferry, Deeside 0115 970 6060 LOT 7 LOT 7 Clwyd, CH5 1TB
Accomodation QUEENSFERRY, DEESIDE Approx. 0.13 Acres Please note we have not inspected the land
Services Interested parties are recommended to make their own enquiries
Tenure Freehold
Auction Date 25th - 26th July 2018
Guide Price £27,500 +
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs Development Potential • 20 Working Day Completion • Monthly Auctions The plot is located in a predominantly residential area with unrestricted parking.
We envisage that the land will achieve planning permission for a residential or mixed- use scheme.
With the site being unused brownfield land of a regular shape, in a residential area we believe that applications for residential development will be considered favourably by the planners.
Brownfield Development Site (STP) Guide Price* Approximately 0.13 Acres £27,500
FEATURES Location Description
• Auction Date: 25th and 26th July The site is situated in Queensferry, Deeside • Online Auction Date: 25th – 26th July 2018 2018 which is located in Flintshire on the Wales • Guide Price: £27,500 + • Suitable for residential/ mixed use – England Border. The site is located on • Brownfield development site (STP) development (STP) Queen Street and backs directly onto the • Approximately 0.13 Acres - Freehold A494 which provides access to Ellesmere • Suitable for residential or mixed-use • Freehold Port. development (STP) • Predominantly Residential Location • Approximately 0.13 Acres The property is located approximately 15 The site is regular shaped and level, miles South of Liverpool city centre which extending to approximately 0.13 acres. • To be sold with vacant possession is accessed by road via the A41 and Chester • Regular shaped level site is six miles to the east via the A548. The site benefits from being in a sustainable location with access to the A494, which is Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself less than a mile away. The local high street is and for the vendors or lessors of this property, whose agent they are, give notice that: located 0.2 miles away from the property on 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Station Road. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given EPC Rating: should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Solicitors Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential TBC land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 241 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 25 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 67, Harrington Street, Cleethorpes 25th and 26th July 2018 [email protected] LOT 8 Lincolnshire, DN35 7BQ 0115 970 6060 LOT 8
Accommodation Cleethorpes GF Flat - 60 Sq. M (645 Sq. Ft) CLEETHORPES, LINCOLNSHIRE FF AND SF Flat – 88 Sq. M (947 Sq. Ft) Total – 148 Sq. M (1593 Sq. Ft)
Services We understand the property to have mains gas, electricity, water and drainage.
Tenure Freehold
Council Tax Each flat is rated in Council Tax Band A. Council Tax payable (2017/18) is £1,123.34.
Guide Price £39,950+
Auction Date 25th and 26th July 2018
Buyers Premium £3,000 inc VAT Investment Analysis: Sell Your Property If you are thinking of selling your property, Following a small programme of refurbishment, we estimate that the ground contact us now for a free appraisal and floor one bedroom flat will let for £300 - £325 per calendar month and the benefit from: first floor three bedroom flat will let for £375 - £400 per calendar month, providing a total rental income of between £8,100 to £8,700 per annum. • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs Guide Price* • 20 Working Day Completion Two Self Contained Flats - Spacious • Monthly auctions Mid-Terrace Property - Good £39,950+ Rental Location
FEATURES Location Description
• Auction Date: 25th & 26th July 2018 The property is situated on Harrington • Online Auction Date 25th-26th July Street, within close proximity to the sea front • Guide Price £39,950+ • Mid terrace house on the outskirts of Cleethorpes town centre. • Two Self Contained Flats • Vacant, Potential Income: £8,100-£8,700 pa • Converted into two flats Cleethorpes town centre is within one mile of • Freehold • Requiring refurbishment the property, and can be accessed via Grimsby Road or by public transport. New To the ground floor, there is a self-contained one bedroom • Potential rent of £675 - £725 pcm Clee railway station is accessible on foot flat which has a kitchen and bathroom to the rear, beneath a after refurbishment within 10 minutes. single storey flat roof extension. The kitchen has fitted base • Ideal investment opportunity and eye level fitted cupboards, stainless sink and drainer and an integrated gas hob and oven. Off the entrance area, to the • Yard area to the rear A variety of amenities are offered in the area, left hand side, there is a small dining area, and to the right including; Tesco Express, Natwest, hand side there is a bedroom which leads through to the • To be sold with vacant possession McDonalds and a selection of other local and front living room. • Freehold national retailers on Grimsby Road. The second flat is arranged over the first and second floors. • Close to amenities & attractions On the first floor there is a kitchen to the rear which has The property is located approximately two Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James fitted base and eye level fitted cupboards, a stainless sink miles from Grimsby town centre, which can Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and drainer, gas hob and separate integrated oven. Off the and for the vendors or lessors of this property, whose agent they are, give notice that: be reached via Queen Mary’s Avenue. landing area, there is a bathroom which has a bath with 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Cleethorpes is 70 miles East of Sheffield, electric overhead shower, WC and wash hand basin, middle of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any bedroom and living room with bay window to the front. EPC Rating: accessible via the M18, and 77 miles purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Southeast of Leeds, which is easily accessed There are two further bedrooms to the second floor. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye by road via the M62. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Solicitors Externally, there is a small garden to the rear and parking is land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings Tbc available on the street. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 261 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 27 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 63, Greenrigg Road 25th & 26th July 2018 [email protected] LOT 9 Cumbernauld, Glasgow 0115 970 6060 LOT 9 Dunbartonshire, G67 2QA
Investment Analysis This property is currently let at £250 pcm CUMBERNAULD, GLASGOW (£3,000 per annum). This represents an annual gross yield of 16.67%, based on the guide price.
Services We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.
Council Tax The property is rated in Council Tax Band A, council tax payable per annum is £732.
Guide Price £18,000+
Buyer’s Premium £3,000 inc. VAT
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions
Two Bedroom Flat Within Residential Block Guide Price* Ideal Investment Property - Gross Yield Of 16.67% £18,000+
FEATURES Location Description
• Auction Date: 25th – 26th July 2018 This property is located within a residential • For Sale By Online Auction: 25th – 26th block on Greenrigg Road in Cumbernauld, July 2018 • Two bedroom flat Glasgow. Greenrigg Road is located off • Guide Price: £18,000+ • Fitted kitchen and bathroom Carbrain Road, which offers a variety of • Two bedroom flat • Currently tenanted at £250 pcm amenities such as a sports and social club, • Tenanted: Income of £3,000 per annum (£3,000 per annum) a range of dining options and a variety of • Gross yield of 16.67% based on the guide other facilities. price • Current gross yield of 16.67% • Popular residential area The town centre of Cumbernauld is located This property comprises a two bedroom flat • Excellent transport links 1.4 miles to the northwest of the property within this popular residential block. The and can be easily accessed via Carbrain accommodation includes: kitchen, living Road. There are also buses that run in to room, bathroom and two bedrooms. and out of the town centre via Cumbernauld station, just a five-minute walk from the The living room is neutrally painted and property. carpeted. The kitchen includes fitted units Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself with wood effect tops, stainless steel sink and and for the vendors or lessors of this property, whose agent they are, give notice that: Cumbernauld is a town in North space for appliances. The walls are part tiled 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Lanarkshire, Scotland. It is situated and there is wood effect flooring. The of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any approximately 13 miles northeast of bathroom has a three-piece suite with tiled purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC Glasgow, with good access via the M80. walls and flooring. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 281 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 29 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Byron Bingo High Street [email protected] 25th and 26th July 2018 LOT 10 Hucknall, 0115 970 6060 LOT 10 Nottinghamshire, NG15 7HQ
Accommodation Ground Floor - Approx. gross internal floor area equates to 5,750 sq ft HUCKNALL, NOTTINGHAMSHIRE First Floor - Approx.gross internal floor area equates to 5,212 sq ft
Services We understand the property to have mains electricity, water and drainage. Potential buyers are advised to make their own investigations.
Tenure The property is freehold
Guide Price £375,000 - £425,000+
Buyer’s Premium 2% (min. £3,600) inc. VAT
Business Rates The premises are recorded on the 2017 Valuation List as having a rateable value of £8,800 for the Bingo Hall and £4,850 for the Cinema.
VAT Buyers are advised to make their own enquiries regarding VAT prior to bidding.
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and Former Byron Cinema Guide Price* benefit from: Suitable for Re-development (STP) £375,000 - £425,000+ • 0% Seller Fee Freehold - To be Sold with Vacant Possession • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions FEATURES Location Description
• For Sale By Online Auction – 25th The imposing property is sited on the • For Sale By Online Auction – 19th - 20th June 2018 and 26th July corner of High Street and Duke Street in the • Guide Price: £375,000 - £425,000+ popular district of Hucknall, • Suitable for conversion to mixed use retail and • Operational bingo hall residential (STP) Nottinghamshire. • Operational bingo hall offered with vacant possession • Suitable for conversion to mixed use on completion retail and residential (STP) Hucknall is a town seven miles north of • Freehold property with D2 use • Freehold Nottingham and nine miles south of Mansfield with a population of around Opened as a cinema in 1936, the property is accessed • To be sold with vacant possession 35,000. from the High Street, with the entrance opening up into • Unused cinema to the upper floor a reception / foyer area where there is are a range of gaming machines and a cloakroom. • Original art deco features The immediate area benefits from shops and bars, together with good health The main ground floor space is occupied by a large • Established high street location facilities and a leisure centre. bingo hall, that was once a cinema room, and which has • Planning user class D2 a sloping floor way. We are advised this area has a seating capacity of 464. There are ladies and gents The NET tram system is just a short walk Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James restrooms and bar area. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself from the property, and provides frequent and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: services into Nottingham city centre. A sweeping staircase from the reception foyer leads to 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance the 350-seat upper auditorium with large stage area. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any The M1 Motorway is only three miles from purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC the property, and can be easily accessed. The second floor houses the former projection room suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye along with several other ancillary rooms. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 301 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 31 EVERYONE DESERVES A LITTLE LUXURY
Weekly public auctions with online bidding and viewing days available for every auction Jewellery • Diamonds • Watches
View. Bid. Buy BUY AND SELL VEHICLES IN WEEKLY ONLINE AUCTIONS www.johnpye.co.uk WWW.JOHNPYE.CO.UK 32 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 33 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Bell View Bungalow, Brithweunydd Road 25th - 26th July 2018 [email protected] LOT 11 Tonypandy 0115 970 6060 LOT 11 Mid Glamorgan, CF40 2NY
Description Continued The first floor benefits from four large bedrooms, one en- suite, and a good sized family bathroom. Three bedrooms have fitted wardrobes. GLAMORGAN, WALES Externally, there is a substantial garden with a disused plunge pool. To the rear of the property, there is sufficient land for a separate dwelling with private access (STP) Services We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations Tenure The property is freehold Investment Analysis We consider the sale of this property offers local developers a good opportunity to add value, by sub- dividing the main house into two separate dwellings (subject to the necessary planning consents being obtained).
Furthermore, there is development potential (subject to planning), for the construction of a new dwelling on the land to the rear of the property.
There is potential to convert the property in to a small guest house (subject to planning) with separate living accommodation for owners if necessary. Council Tax The property is rated in Council Tax Band D. Council Tax payable (2018/2019) is approximately £1,666 pa. VAT The property is not subject to VAT. Buyer’s Premium 2% (min. £3,600) inc. VAT Large Freehold Six Bedroom Property on Large Plot Guide Price* Opportunity to Sub-Divide Existing Building (STP) Sell Your Property £180,000+ If you are thinking of selling your property, contact us Potential for Construction of Additional Dwelling (STP) now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs Location Description • 20 Working Day Completion FEATURES • Monthly auctions • For Sale By Online Auction – 25th – This unique family property is located in the • For Sale By Online Auction – 25th – 26th July 26th July 2018 picturesque town of Tonypandy, Glamorgan. 2018 Vehicular access is by means of a sweeping • Guide Price: £180,000+ • Freehold driveway from Crabtree Road, whereas • Large Freehold Six Bedroom Property on • Some modernisation and pedestrian access is also available from Large Plot refurbishment work required Brithweunydd Road. • Opportunity to Sub-Divide Existing Building • Two kitchens (STP) The town of Tonypandy is just half a mile • Potential for Construction of Additional • Three bathrooms from the property and provides a wide range Dwelling (STP) • Six bedrooms – one en-suite of amenities including banks, a post office, • Stunning views supermarkets, local shops along with a good The property is accessed via the main entrance range of bars and restaurants. located on Brithweunydd Road. Upon entering • Good sized garden with disused the property there is a large hallway, which plunge pool The train station is also within walking leads to a spacious “L” shaped lounge / dining distance and provides easy access into the room. The main kitchen is modern, well Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself capital city of Cardiff within 50 minutes where presented and functional. Double patio doors and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D there are all the facilities and employment overlook the rear garden and Rhondda Valley. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance opportunities expected from a city of this of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any stature. The ground floor accommodation also provides purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC for two bedrooms, both with fitted wardrobes, a suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential lounge, additional fitted kitchen and a family land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings bathroom. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 341 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 35 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 8, High Street 25th & 26th July 2018 [email protected] LOT 12 Galashiels 0115 970 6060 LOT 12 Selkirkshire, TD1 1SD
Description continued Beyond the first floor restaurant is a kitchen and preparation area extending over the next doors shops GALASHIELS, SELKIRKSHIRE below (Sorella and The Italian Job). This area of the building has traditional sash windows overlooking the high street and the pedestrianised area.
The second floor is currently set up as office spaces with reception area, three good sized offices to the front elevation and one to the side elevation. The office to the side of the property has the benefit of a fire escape leading to the lower levels of the building. In addition, there is a small storeroom. Accommodation Ground floor retail: 77m2 (829 ft2) First floor restaurant: 117m2 (1259 ft2) First floor kitchen & prep area: 41m2 (441 ft2) Second floor offices: 88m2 (947 ft2) Total: 323 m2 (3476 ft2) Services We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations Business Rates The property has a rateable value of £16,300 pa as at 1st April 2017. Please Note, a new tenant or occupier Investment Analysis of the property has the right to appeal this rateable Subject to planning, the property could be converted to apartments on the upper floors. value within 6 months of the beginning of the tenancy agreement and this property may also be We envisage that a minimum of four two bedroom residential units could be developed applicable for small business rates relief. as access could potentially be gained from Overhaugh Street, (subject to planning). Alternatively, following conversion, the top floor office units could be converted to a VAT three bedroom apartment (STP) and the lower floors could remain to provide an income TBA to the freeholder. Guide Price Three Storey Period Property 323m2 (3476 ft2) £125,000+ Guide Price* Buyers Premium Class 3 Hot Food Consent £125,000+ 2% (min. £3,600) inc. VAT Residential Development Opportunity (STP) Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from: • 0% Seller Fee • £0 Entry Fee FEATURES Location Description • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions • For Sale By Online Auction – 25th – The property is located on the eastern side Draft Details 26th July 2018 the High Street in the large town of • For Sale By Online Auction – 25th & 26th July Galashiels in the heart of the Scottish 2018 • Three Storey Former Delicatessen, Borders. • Guide Price: £125,000+ Brasserie & Offices • Ideal Mixed Use Development Opportunity • Class 3 Hot Food Consent Nearby traders include, Asda Superstore, (STP) • Busy High Street Location • Residential Development Iceland, The Clydesdale Bank, JD Opportunity (STP) Wetherspoons, Burtons and Dorothy The property comprises a former café / Perkins in addition to a good range of local • Busy High Street Location delicatessen to the ground floor with double independent retailers. fronted glazing, wooden flooring, tiffany style • Freehold pendant lights, storage and fire escape to the • Close to amenities The capital City of Edinburgh is just 30 rear. miles north of the property and is easily • Excellent transport links accessed by the A7 trunk road or by the An ornate central stairwell leads to the customer Borders Railway within an hour. toilets located at mezzanine level and to the first Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James floor there is a brasserie style restaurant Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself spanning over the neighbouring shop with four and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: Galashiels is the largest town in the Scottish 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Borders and attracts a wide range of visitors full length glazed units overlooking the town of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any travelling from the North of England into centre, wooden flooring and again tiffany style pendant lighting. There is a fire escape leading purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or BTO Solicitors LLP Glasgow Edinburgh via the picturesque Kielder suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye to Overhaugh Street and stairway leading to the Forest and The Borders Forest. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential second floor. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 361 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 37 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES JOHN PYE PROPERTY 145, High Street £100,000 - £110,000+ 25th - 26th July 2018 [email protected] LOT 13 Abersychan, Pontypool 0115 970 6060 LOT 13 Gwent, NP4 7AB
Services We understand there will be connections to ABERSYCHAN, GWENT mains electricity, water and drainage. Interested parties are advised to carry out own enquiries.
Tenure Freehold
Guide Price £100,000 - £110,000+
VAT Buyers are to make their own enquiries in regards to VAT
Auction Date 25th and 26th July 2018
Buyer’s Premium 2% (min. £3,600 inc. VAT).
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from: Planning:
• 0% Seller Fee Planning was granted on 9th February 2018 for demolition of an existing garage to build • £0 Entry Fee a pair of three-bedroom semi-detached dwellings and one three bed detached dwelling. • £0 Marketing Costs Planning Reference 17/P/0772/FUL. • 20 Working Day Completion • Monthly auctions A planning application has been submitted for conversion of the fire damaged building into eight flats. Planning Reference 18/P/0436/FUL.
Residential Development Opportunity Guide Price* Planning Permission Granted for Three Houses £100,000 - £110,000+ Planning Application Submitted for 8 Flats
FEATURES Location Description
• Auction Dates: 25th and 26th July The plot of land is located on the High • For Sale By Online Auction – 25th and 26th 2018 Street just off the A4O43 Cwmavon road. July 2018 Nearby amenities, all within walking • Guide Price: £100,000 - £110,000+ • Guide Price: £100,000 - £110,000+ distance of the land, include; Abersychan • Freehold Development Land • Freehold Residential Development Post Office, One Stop Supermarket, Chip & • Full Planning Permission for x 3 Houses Site Fin Take-away and Petals Florist’s. • Planning Reference 17/P/0772/FUL • Planning permission granted • 8 Self - Contained Flats Subject to Planning 09/02/2018 Abersychan is a town to the north of • Planning Reference 18/P/0436/FUL Pontypool in Torfaen, Wales and lies • Large Detached Property • Planning Reference 17/P/0772/FUL for 3 x houses between the county’s of Monmouthshire and Gwent. There are two schools within This sale includes a plot of freehold • 2 x three-bedroom semi-detached the town; Abersychan Comprehensive development land, with planning permission. properties School and Victoria Primary School. The land is hard surfaced and sloping. • 1 x three-bedroom detached property • Planning Reference 18/P/0436/FUL The town is approximately 25 miles north The development land has full planning Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James of Cardiff, which is approximately 1 ½ permission for two three bedroom semi- Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself for 8 x flats and for the vendors or lessors of this property, whose agent they are, give notice that: hours. Good road links are provided by the detached dwellings and one three bedroom 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance • Conversion of large detached B4246, A4043 and the A472. detached dwelling. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given property should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or • 8 x Flats (STP) A planning application has recently been suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Solicitors submitted for conversion of the large fire land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings TBC damaged building into 8 self-contained flats. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 381 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 39 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 33, Richardson Road 25th - 26th July 2018 [email protected] LOT 14 Leeds 0115 970 6060 LOT 14 West Yorkshire, LS9 9BQ
Services We understand the property has mains LEEDS, WEST YORKSHIRE electricity, water and drainage. However, we advise interested parties to make their own investigations.
Tenure Freehold
Council Tax This property is rated in Council Tax Band B, council tax payable is £1,224 per annum.
Guide Price £89,950+
Buyer’s Premium 2% (min. £3,600) inc. VAT.
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee Development Potential: • £0 Entry Fee • £0 Marketing Costs We consider the property has development potential, due to its larger than average • 20 Working Day Completion corner plot. Therefore, subject to the necessary planning consents being obtained, there • Monthly auctions may be an opportunity to add value by extending the existing building into the garden. Furthermore, we are of the view that value can be added to the property, by undertaking a programme of refurbishment and modernisation
Three Bedroom Semi-Detached Bungalow Guide Price* Occupying a Good Size Corner Plot £89,950+ Development Potential to Extend (STP)
FEATURES Location Description
• Auction Date: 25th – 26th July 2018 The property is located on Richardson • For Sale By Online Auction: 25th – 26th Road, off Osmondthorpe Lane, Leeds. July 2018 • Semi-detached bungalow There is an Evening Post shop opposite the • Guide Price: £89,950+ • Three bedrooms property on Richardson Road. A Chinese • Three Bedroom Semi-Detached Bungalow - • Requiring some refurbishment Takeaway and Convenience Store are freehold located on Osmondthorpe Street, which is a • Development Potential to Extend (STP) - • Opportunity to add value short walk away. Occupying a Good Size Corner Plot • Current income of £6,900 per • Currently rented for £6,900 per annum annum The city centre of Leeds is located less than • Popular residential area three miles south west of the property. The property comprises of a three bedroom Leeds city centre can be accessed via the semi-detached dormer bungalow, of • Close to the city centre of Leeds A64 or New York Road. The main train traditional brick construction with a pitched • Good transport links station is approximately 2.9 miles from the and tiled roof. • Freehold property, reached via the A63, providing regular access across the country. We have been advised that the property will Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself be benefit from a programme of and for the vendors or lessors of this property, whose agent they are, give notice that: Leeds is located 35 miles to the north of refurbishment and modernisation throughout. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Sheffield, 45 miles northeast of Manchester of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any and approximately 75 miles northeast of Externally, there is a good sized garden purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC Liverpool. Good road links include the M1 which wraps around the front, side and rear suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential and M62. of the property. A garage is to the rear of the land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings property, which offers additional storage or services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are parking depending on specific requirements. quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 401 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 41 INVITING ENTRIES.... Property NEXT AUCTION STARTS AUGUST 2018 % SELLER 0 FEES
To arrange a FREE property auction appraisal for a 0% NIL COST launch seller fee rate contact John Pye Auctions Property Division on 0115 970 60 60 or email: [email protected]
42 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 43 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 67, Basford Road 25th - 26th July 2018 [email protected] LOT 15 Nottingham 0115 970 6060 LOT 15 Nottinghamshire, NG6 0JG
Description Continued To the first floor, there are three bedrooms and the combi boiler is located within the BASFORD, NOTTINGHAM second bedroom to the rear of the property.
Externally, the property has a good-sized garden to the rear. The property also benefits from off road parking, with space for two/three parked vehicles. The owners advise us that the property has had some new UPVC double-glazed windows fitted in May of 2018. There is also a fire alarm system present. Accommodation Ground Floor: Stairway – 1.8m x 5.1m Living Room – 3.4m x 1.8m Dining Room – 2.8m x 4.8m Kitchen – 2.7m x 3.2m Rear Entrance – 0.8m x 2.0m Bathroom – 1.6m x 2.3m First Floor: Hallway – 2.0m x 0.7m Bedroom 1 – 2.7m x 2.3m Bedroom 2 – 2.7m x 2.8m Bedroom 3 – 2.0m x 2.2m
Total – 62.23m = 669.84 ft2 Investment Analysis:
Services The property is currently tenanted at £575 pcm (£6,900 per annum). This We understand this property has mains represents an annual gross yield of 6.97%, based on the guide price. electricity, water and drainage. However, we recommend interested parties to carry out their own investigations.
Three Bedroom Semi-Detached Property Guide Price* Tenure Freehold Current Income of £6,900 per annum - Gross Yield of 6.97% £99,000+ Council Tax Ideal Residential Location This property is rated in Council Tax Band B. Council tax payable is £1,525 per annum.
FEATURES Location Description Buyer’s Premium 2% (min. £3,600) inc. VAT. • Auction Date: 25th – 26th July 2018 This property is located on Basford Road, • For Sale By Online Auction: 25th – 26th July Nottingham. The immediate area benefits 2018 • Semi-detached property from a variety of surrounding amenities • Guide Price: £99,000+ • Three bedrooms including: Sainsbury’s Local, Halfords and • Three Bedroom semi-detached property • Tenanted at £575 pcm (£6,900 per Domino’s Pizza. The area also benefits • Tenanted: Current income of £6,900 per annum) transport links that run in to and out of the annum city centre. • Gross yield of 6.97%, based on the guide • Current gross yield of 6.97% price • Off road parking for two vehicles The property is situated in Basford, close by • Freehold • Recently fitted UPVC double-glazed to Nottingham city centre, approximately 2.5 windows miles away, via the A610, the A610 also This property offers spacious accommodation provides easy access to the M1 motorway. which is arranged over two storeys. • Close to the city centre Nottingham train station is less than 4 miles Accommodation to the ground floor comprises • Excellent transport links to the south east of the property, providing living room, kitchen, dining room and family • Freehold regular access up and down the country. bathroom. The living room is carpeted, with a Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James built-in fireplace and slide across doors Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D Nottingham is located 15.5 miles north east through to the dining area with open plan 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of Derby, around 29 miles north of Leicester kitchen. The kitchen comprises tiled flooring, of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any and approximately 45 miles southeast of fitted base and eye level units, wood effect purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC Sheffield. work tops, integrated hob and oven and a suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye stainless-steel sink. The bathroom includes Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings three-piece-suite with electric shower services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are overhead and stainless-steel towel rail. quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
441 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 45 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 5, Claycliffe Avenue 25th - 26th July 2018 [email protected] LOT 16 Barnsley 0115 970 6060 LOT 16 South Yorkshire, S75 1HJ
Description Continued Externally, the property benefits from off BARNSLEY, SOUTH YORKSHIRE road parking for one/two vehicles to the front. To the rear, the property has a conservatory, along with a garden area and a bricked shed, providing storage space or to use as a garage.
Services We understand the property has mains gas, electricity, water and drainage. However, interested parties should make their own investigations.
Tenure Freehold
Investment Analysis This property is currently vacant. However, the property was previously tenanted at £550 pcm (£6,600 per annum).
Council Tax The property is rated in Council Tax Band A. Council tax payable per annum is £1,112.
Guide Price £110,000+
Buyer’s Premium 2% (min. £3,600) inc. VAT
Sell Your Property If you are thinking of selling your property, Two Bedroom Semi-Detached Property Guide Price* contact us now for a free appraisal and benefit from: Desirable Residential Location £110,000+ • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions FEATURES Location Description
• Auction Date: 25th – 26th July 2018 This property is located on Claycliffe avenue, • For Sale By Online Auction – 25th – 26th Barnsley. Claycliffe avenue is situated off July 2018 • Semi-detached property Barugh Green Road. Nearby amenities • Guide Price: £110,000+ • Two bedrooms include an Aldi Supermarket, along with a • Two Bedroom Semi-Detached Property • Vacant: Potential income of £6,000 per • Previously tenanted at £550 pcm range of restaurants and various schooling options. annum (£6,600 per annum) • Freehold • Conservatory to the rear Barnsley town centre is located just 2.2 miles This semi-detached property comprises • Good rental location to the southeast of the property and provides accommodation set over two storeys. Ground • Close to amenities excellent shopping facilities along with a floor accommodation includes living room wide range of other amenities. and kitchen. The living room includes gas • Excellent transport links fireplace, neutral walls and carpeting. The • Freehold Barnsley is a town in South Yorkshire, kitchen includes a range of base and eye level located halfway between Leeds and Sheffield. units, stainless steel sink and space for Barnsley train station is located under 10 appliances. The kitchen is part tiled, with tile Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James effect flooring. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself minutes’ drive from the property, providing and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D regular access up and down the country. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance To the first floor, there are two good sized of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors bedrooms and a family bathroom. Each should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any bedroom is neutrally painted and plastered, purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye with fitted carpets. The bathroom comprises a Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential three-piece suite with electric shower over land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings bath, tiled walls and tile effect flooring. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 461 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 47 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 21 Beaconsfield Street 25th & 26th July 2018 [email protected] LOT 17 Basford 0115 970 6060 LOT 17 Nottingham, NG7 7FD
Description continued In addition there is a basement area suitable for storage. To the front of the BASFORD, NOTTINGHAMSHIRE property there is unrestricted on street parking. Accommodation 107 m2 (1152 ft2) Taken from EPC register.
Services We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations Tenure The property is freehold
Council Tax Each unit is rated in Council Tax Band A. Council Tax payable (2018/2019) is approximately £1,307.46 pa. This is payable by the tenants.
Guide Price £130,000+ Investment Analysis
Buyers Premium The property is currently fully let to DSS tenants, three pay £90.90 per unit 2% (min. £3,600) inc. VAT per week while another tenant is paying £395 pcm under the universal credit scheme (£18,920 pa) being paid directly to the landlord. This represents a VAT current gross yield of 14.55%. Should a program of refurbishment be The property is not subject to VAT implemented there is opportunity to add good capital value. All utilities are Sell your property paid by the tenants. If you are thinking of selling your property, Four Self Contained Studio Apartments - Guide Price* contact us now for a free appraisal and Current Income £18,920 - Gross Yield 14.55% - benefit from: £130,000 + • 0% Seller Fee Ready Made Investment Opportunity • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions FEATURES Location Description
• For Sale By Online Auction – 25th – The property is conveniently located on the Description 26th July 2018 Northern side of Beaconsfield Road in the • For Sale By Online Auction – 25th – 26th New Basford area of the City of July 2018 • Current gross income £18,920 pa Nottingham. Beaconsfield Road is just off • Guide Price: £130,000+ • Current gross yield 14.55% Radford Road, being one of the main • Licensed HMO thoroughfares into the city. • Ready made investment opportunity • Excellent Investment Opportunity • Potential To Add Capital Value • Licensed HMO In the immediate vicinity there is a wide selection of shops including an Asda • In area for high rental demand superstore just a five minute walk away and The property is entered via the front door • Potential to add good capital value. numerous restaurants and independent into the main communal hallway. Within the retailers along the route. There is also a hallway there is a hard wired fire alarm • Close to local amenities good range of health and leisure facilities system and emergency lighting. To the • Currently fully occupied within easy walking distance. ground floor there are 2 units with self • Freehold contained kitchens with wash facilities being The NET Tram system is located at either located on the first floor, also to the first floor Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James end of Beaconsfield Street and provides there is another self contained unit Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself simple access to the centre of Nottingham and for the vendors or lessors of this property, whose agent they are, give notice that: encompassing a kitchenette with the shower 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance where there is an excellent range of room and toilet located across the first floor of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given EPC Rating: D should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any amenities expected from a city of this landing. The second floor hosts a fully self stature. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Solicitors contained unit. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Massers - Nottingham The M1 Motorway is located just 6 minutes land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings from the property via the A610 services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 481 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 49 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 15 Parliament Street [email protected] £60,000+ 25th - 26th July 2018 LOT 18 Newhall, Swadlincote 0115 970 6060 LOT 18 Derbyshire, DE11 0SQ
Description Continued Upstairs there are two good sized bedrooms. The bedroom to the rear of the property has built in over- NEWHALL, DERBYSHIRE stairs storage and steps leading down to the bathroom, which hosts a three piece corner suite, with shower over bath, wooden effect flooring and window to the side elevation. In addition, there is also a good sized storage room accessed from the bathroom.
Externally, the property benefits from non-restricted on street parking to the front, however the rear garden has been partitioned to allow access for off street parking for two vehicles (STP). Accommodation Lounge: 3.66m x 3.28m Dining Room : 3.66m x 3.28m Kitchen: 2.69m x 2.07m Bedroom 1: 3.66m x 3.29m Bedroom 2: 3.7m x 3.29m Bathroom: 2.69m x 2.49m Storage Room: 2.69m x 2.49m Services We understand the property to have mains electricity, gas, water and drainage, prospective purchasers are advised to make their own enquiries.
Tenure Freehold Investment Analysis: Council Tax The property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1080.67 The property is currently let on a periodic AST achieving £450PCM (£5,400 pa), reflecting a yield of 9% based on the guide price. Following a program Guide Price £60,000+ of improvements, there is good opportunity to add capital value and subsequently increase the rental income currently being achieved. Buyers Premium 2% min £3,600 inc. VAT based on the guide price.
Ready Made Buy To Let Investment Guide Price* Sell Your Property If you are thinking of selling your property, contact us Opportunity - Income Producing Two £60,000+ now for a free appraisal and benefit from: • 0% Seller Fee • £0 Entry Fee Bedroom End Of Terrace Property • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions FEATURES Location Description
• Auction Dates: 25th – 26th July 2018 The property is located on the south side of • Online Auction Date: 25th – 26th July 2018 Parliament Street in the district of New hall, • Guide Price: £60,000+ • Ideal buy to let investment opportunity Swadlincote, Derbyshire. • Two Bedroom End of Terrace • End of terrace property • Tenanted: £5,4000 pa, 9% Yield • Two bedrooms The immediate vicinity hosts a good range • Freehold of local amenities including Sainsburys, a • Long term tenant in situ Post office and two good schools. Adjacent A two bedroom end of terrace property of • Achieving £5,400 rent pa to the property there is a recreation ground. traditional brick construction with pitched and • Providing a yield of 9.8% based on the tiled roof. Entry is directly from street level to the guide price A wider range of amenities are located in good sized lounge. Beyond the lounge, there is a • Potential for good capital growth following the small town of Swadlincote, where there dining room, which leads to the kitchen. The a program of improvements are a larger range of supermarkets, shops, kitchen benefits from a range of base and eye level units, an integrated oven and hob, combination • Potential for off street parking to the rear bars, and a cinema. (STP) boiler, window and door to the side of the The City of Derby is located 15 miles property. • Freehold northeast of the property, and the large Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James town of Litchfield is located 15 miles Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself southwest of the property, both are easily and for the vendors or lessors of this property, whose agent they are, give notice that: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance accessed by regular public transport or via of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given the main A38 dual carriageway that lies just should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any a few miles from the property. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or EPC Rating: TBA suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Solicitors land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings Fraser Brown services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 501 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 51 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS LOT 19 12 Worsborough View 25th - 26th July 2018 [email protected] Tankersley, Barnsley 0115 970 6060 LOT 19 Yorkshire, S75 3AH
Description continiued The shop that is currently trading as a Post Office and general store can be accessed from either the living TANKERSLEY, YORKSHIRE quarters or direct from the road. The retail area benefits from a small kitchenette area, shelving to the walls a glass sales counter and additional serving area.
To the rear of the property there is a good sized garden laid mainly to lawn and a detached garage. To the front of the property there is off street parking for around 5 vehicles. Accommodation Sales area : 5.69m x 7.19m Kitchen/Diner : 4.54m x 3.96m Lounge: 4.55m x 3.97m Utility Area: 2.49m x 2.00m Bedroom 1: 3.72m x 3.64m Bedroom 2: 3.95m x 3.71m Bedroom 3: 3.53m x 2.88m ** Please note: measurements provided by a 3rd party Services Services We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations
Council Tax & Business Rates Investment Analysis The property is rated in Council Tax Band B. Council Tax payable (2018/2019) is approximately £1297 pa. The business rates for the post office are currently The property is currently being utilised as a Post Office / Convenience Store, however, £1,650 pa subject to planning this could either be converted to a sole residential home, or indeed a small bar as the premises currently benefits from a drinks licence. Should the property be Buyers Premium rented out we envisage a an income of £5,400 for the shop and £7,800 for the attached 2% (min. £3,600) inc. VAT property could be achieved, this represents a gross income of 9.1% Guide Price £145,000 - £170,000+ Extended Detached Mixed Use Property Guide Price* Sell Your Property If you are thinking of selling your property, contact us - Sought After Location - Ideal £145,000 - £170,000+ now for a free appraisal and benefit from: • 0% Seller Fee Investment Opportunity • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions FEATURES Location Description
• For Sale By Online Auction – 25th Situated in the heart of the community, the Description -26th July 2018 property is located on the southern side of • For Sale By Online Auction – 25th - 26th Worsbrough View, in the popular village of July 2018 • Sought After Location Pilley in the Tankersley District of • Guide Price: £145,000 - £170,000+ • Currently Trading as a Post Office Barnsley, South Yorkshire. • Mixed Use Investment • Potential Change Of Use • Sought After Location Nearby local amenities include an Aldi and • Potential To Add Capital Value • Over 45m2 of Retail Space various schools. • Large living accommodation to the The residential area of the property is entered rear and first floor The town of Barnsley is located just 5 miles from the side entrance and leads directly to • Detached Garage north of the property and provides excellent the kitchen / diner hosting a range of base shopping facilities along with a wide range and eye level units integrated oven and • Freehold of other amenities expected from a town of window overlooking the rear garden. this stature. Upstairs there is a good sized, neutrally decorated lounge area with dual aspect Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself The area particularly attractive to glazing allowing plentiful natural daylight and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: commutors as the M1 motorway is also and views to the rear elevation and the park 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance located just 1 mile from the property and adjacent to the property. In addition to three of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any provides excellent access to the nearby good sized double bedrooms with sliding purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC cities of Sheffield and Leeds that are both fitted wardrobes and uPVC windows and a suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential with a 35 minute drive from the property. tiled family bathroom with white three piece land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings suite and shower over bath. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 521 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 53 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 1 Prestwood Drive 25th & 26th July 2018 [email protected] LOT 20 Aspley, Nottingham 0115 970 6060 LOT 20 Nottinghamshire, NG8 3LY
Accommodation Total – 36m2 (388ft2)
ASPLEY, NOTTINGHAM Services We understand there are no services directly connected to the property, however the vendor has all the relevant utility companies in place ready for connection. Potential buyers are advised to make their own investigations
Tenure Tenure
Council Tax The property will be subject to council tax once the title has been established, potential buyers are advised to make their own investigations regarding this matter
Guide £40,500+
VAT The property is not subject to Vat Investment Analysis Buyers Premium 2% (min. £3,000) inc. VAT Once the program of works required have been carried, a new title obtained, and full planning consent granted we envisage the property will have an end Sell Your Property value between £90,000 and £110,000 depending on quality of workmanship If you are thinking of selling your property, and finish. contact us now for a free appraisal and benefit from: • 0% Seller Fee Unfinished Project - Self Contained Annex Guide Price* • £0 Entry Fee • £0 Marketing Costs Suitable to Convert to One Bedroom £40,500+ • 20 Working Day Completion Bungalow (STP) - Desirable Location • Monthly auctions
FEATURES Location Description
• For Sale By Online Auction – 25th – The plot and building faces the western side • For Sale By Online Auction – 25th – 26th 26th July 2018 of Trentham drive to the rear of 1 July 2018 Prestwood drive in the highly desirable • Guide Price: £40,500+ • 1 Bedroom Annex district of Aspley, Nottingham. • 36m2 One Bedroom Annex Requiring • Potential to convert to one bedroom Completion bungalow (STP) The Immediate vicinity hosts a good range • Off Street Parking • 36m2 of amenities including various shops, a post office and good nearby schools The property briefly comprises lounge / • Requires completion including the Nottingham Girls School kitchenette area, one bedroom, shower room • Off street parking (STP) Academy and the Bluecoat Aspley Academy and w.c. • Freehold making the area particularly attractive to In addition, there is ample storage space families. within the loft area. The building will require • Potential to add capital value completion to the new owner specification. • Close to amenities Nottingham city centre is easily reached by • Excellent transport links either regular public transport or by car. To the front of the property there is space for Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James The A610 dual carriageway is close to the a vehicle and a small garden subject to Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: N/A property and provides easy access to the council approval and the curb being 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance M1 motorway. dropped. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Curtis Parkinson suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 541 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 55 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 191, Acomb Street 25th - 26th July 2018 [email protected] LOT 21 Manchester 0115 970 6060 LOT 21 M14 4DY
Services M We understand the property to have mains MANCHESTER electricity, water and drainage. Tenure Freehold
Council tax The property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1,001.
Guide Price £185,000+
Buyer’s Premium 2% (min. £3,600) inc. VAT
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs Investment Analysis: • 20 Working Day Completion • Monthly auctions The property is currently let at £1,300 pcm (£15,600 per annum), reflecting an annual gross yield of 8.43%%, based on the guide price. However, there is potential to increase the rental income, subject to obtaining the necessary licensing certificates, if the property is let on a room by room basis at £80 per week per room.
Six Bedroom Terrace Property - Ideal Investment Opportunity Guide Price* Potential Income of £25,000 pa Current Income of £15,600 pa £185,000 +
FEATURES Location Description
• Auction Date: 25th – 26th July 2018 The property is located on Acomb Street, • For Sale By Online Auction – 25th - 26th July between Moss Lane and Great Southern 2018 • Six bedroom terrace property Street. Nearby amenities include; • Guide Price: £185,000+ • Currently let at £1,300 pcm (£15,600 per Manchester Academy High School, St • Potential rent of £25,000 pa annum) Mary’s Hospital, along with a variety of • Six bedroom freehold terraced house • Potential income of £25,000 pa local retail stores and supermarkets. • Excellent rental location • Potential to rent on a room by room basis The property benefits from being only two The six-bedroom terrace property comprises • Accommodation set over three floors miles from Manchester city centre, and is accommodation arranged over three storeys. • Large open plan kitchen/ dining room area within easy reach of Manchester Picadilly The ground floor comprises a large open plan • Good condition throughout train station. kitchen/ dining room, lounge area, two • Excellent rental location bedrooms and two shower rooms. Manchester is situated approximately 41 • Close to city centre – good transport links miles north-west of Sheffield, 40 miles To the first floor, there are a further two south-west of Leeds and just 34 miles bedrooms (one ensuite), communal area and Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself north-east of Liverpool. shower room. and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: C 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The third floor comprises two more double of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any bedrooms, communal area and a shower room. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Externally, the property benefits on street land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings parking within the vicinity. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 561 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 57 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 8, Chapel Street 25th - 26th July 2018 [email protected] LOT 22 Distington 0115 970 6060 LOT 22 Cumbria, CA14 5UL
Description Continued The first floor comprises two spacious bedrooms. There are also fitted TV sockets within each room. WORKINGTON, CUMBRIA The property has had the benefit of a loft conversion, providing a third bedroom, which the seller advises has been utilised as a bedroom since its conversion several years ago. The seller is willing to provide indemnity insurance regulations or planning as required by the purchaser.
Externally, the property has a rear yard and benefits from on street parking. Accommodation Approx. gross internal area - 1,160 ft2 (Taken from the EPC) Services We understand the property has mains electricity, water and drainage. Tenure Long Leasehold – 999 years (please refer to the legal pack for further information). Investment Analysis The property is currently vacant, however, could let at £450 pcm (£5,400 per annum). This represents a potential gross yield of 9.82%, based on the lower guide price. Council Tax This property is rated in Council Tax Band A. Annual council tax payable is £1,211. Guide Price £55,000 - £60,000+ Buyer’s Premium Three Bedroom Terrace Property Guide Price* £3,000 inc. VAT. Sell Your Property Ideal Investment Opportunity £55,000 - £60,000+ If you are thinking of selling your property, contact us Potential Gross Yield of 9.82% now for a free appraisal and benefit from: • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs FEATURES Location Description • 20 Working Day Completion • Monthly auctions • Auction Date: 25th – 26th July 2018 This property is located on Chapel Street, • For Sale By Online Auction: 25th – 26th July 2018 • Guide Price: £55,000 - £60,000+ off Main Street. Distington. The property is situated close to the city centre of • Guide Price: £55,000 - £60,000+ • Three bedrooms Workington, which is approximately 3.7 • Three-bedroom terrace property • Attic conversion providing a third miles from the property, and can be • Vacant possession bedroom accessed via Moorclose Road. Workington • Potential Income: £5,400 per annum (9.82% yield) • Vacant possession train station is situated approximately 4.2 • Long leasehold - 999 years • Potential income of £450 pcm (£5,400 per miles north of the property. annum) This three-bedroom terrace property offers • Potential gross yield of 9.82% based on Distington is a large village and civil parish accommodation arranged over three floors. the lower guide price in Cumbria, three miles south of To the ground floor accommodation, there is • Approx. gross internal area 1,160 ft2 Workington and four miles north east of a spacious living room area, kitchen to the (taken from the EPC) Whitehaven. rear, family bathroom, including a toilet, sink • Rear garden and bath with shower overhead, along with a • Long leasehold Cumbria is a county in North West small utility room with plumbing and Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James England. It is located approximately 90 additional space for a washing machine and Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself tumble dryer. The living room is neutrally and for the vendors or lessors of this property, whose agent they are, give notice that: miles north east of Leeds and 92 miles 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance north of Manchester. decorated, with a built-in fireplace. The of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors kitchen comprises fitted base and eye level should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any units, a stainless-steel sink along with space purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Metis suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye for appliances. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings Description continued... services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 581 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 59 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 2, Cannon Street 25th - 26th July 2018 [email protected] LOT 23 Nottingham 0115 970 6060 LOT 23 Nottinghamshire, NG5 2HB
Accommodation Total – 120m2 (1,292 ft2) (taken from EPC) SHERWOOD, NOTTINGHAMSHIRE Services We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations Tenure The property is freehold Council Tax The property is rated in Council Tax Band B. Council Tax payable (2018/2019) is approximately £1,525 pa. Guide Price £120,000+
VAT The property is not subject to VAT. Buyer’s Premium 2% (min. £3,600) inc. VAT
Sell Your Property Investment Analysis: If you are thinking of selling your property, contact us now for a free appraisal and benefit from: The property is currently let to two students. The rents payable are £90 per person per week (£9,360 pa) representing a gross yield of 7.8%. Should the • 0% Seller Fee necessary licences be obtained this could be increased to £23,400 pa • £0 Entry Fee representing a gross yield of 19.5%. • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions Large Three Storey Four Bedroom End Terrace House Guide Price* Sold With Vacant Possession - Good Rental Location Potential for Conversion to Flats (STP) £120,000+
FEATURES Location Description
• Auction Date: 25th - 26th July 2018 The property is located corner of Melrose • For Sale By Online Auction – 25th - 26th July 2018 Road and Cannon Street in the highly • Guide Price: £120,000+ • Four double bedrooms desirable, up and coming district of • Potential for conversion to flats (STP) • Sold with vacant Possession • Three Receptions Sherwood, Nottingham. • Good rental location • Sold with vacant possession The immediate vicinity hosts a good range The property is entered via the front door located on • Suitable for conversion to flats (STP) of amenities including various independent Cannon Street, to the right is the front lounge area currently • uPVC glazing shops, bars and eateries. being utilised as a double bedroom. To the left there is the communal lounge area with window onlooking Cannon • Combination boiler street. Beyond the lounge there is a small shower room and The main A60 Mansfield Road is just a few • Freehold a fitted kitchen. Further still, there is a third reception room minutes walk from the property and and separate w.c. The back door leads to a covered outdoor • Close to local amenities provides excellent access into Nottingham area. city centre within just a few minutes via the • Excellent transport links regular bus service. The upper floors are accessed by the stairway in the centre of the building. The first floor hosts 2 double bedrooms Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James with one having the benefit of a full sized 4 piece en-suite Nottingham hosts a wide range of amenities Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself bathroom facility, this also houses the modern combination and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: including two shopping centres and various boiler. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance local and national shops making the city of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any particularly attractive to young The second floor also hosts 2 good sized double bedrooms. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC professionals. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye To the front of the property there is permit holders on street Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential parking. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 601 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 61 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 1, Helvetia Street 25th - 26th July 2018 [email protected] LOT 24 London 0115 970 6060 LOT 24 SE6 4EX
Descvription Continued The rear of the property has the benefit of a garage with its own separate entrance that has been CATFORD, SOUTH LONDON converted to a studio comprising bedroom / lounge / kitchen area and a separate shower room. Accommodation Total – 109m2 (1173ft2) (taken from EPC) Services We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations. Council Tax The property is rated in Council Tax Band D. Council Tax payable (2018/2019) is approximately £1,498.10 pa. Tenure The property is freehold Guide Price £495,000 - £550,000+ VAT The property is not subject to VAT Buyers Premium 2% (min. £3,600) inc. VAT Investment Analysis:
Sell Your Property The property is currently let producing a total annual income of £38,400 pa, If you are thinking of selling your property, contact us now for a free appraisal and benefit from: this represents a gross yield of 7.75% based on the lower guide price • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions Three Double Bedroom End Terrace House Guide Price* Separate Studio To The Rear Current Rent of £38,400 pa - Gross Yield of 7.75% £495,000 - £550,000+
FEATURES Location Description
• For Sale By Online Auction – 25th - This property occupies a prominent corner • For Sale By Online Auction – 25th - 26th 26th July 2018 position on Helvetia Street in the desirable July 2018 district of Catford, London • Guide Price: £495,000 - £550,000+ • Ideal family home or investment • Freehold Three Double Bedroom End opportunity Within the immediate vicinity there are a Terrace House • Current gross income £38,400 pa good range of local amenities including • Additional Studio To The Rear • Current gross yield 7.75% based on Tesco, various bars and restaurants and a • Current Gross Rental Income of £38,400 lower guide price good range of independent retailers, in • Fully Let reflecting a yield of 7.75% addition there are good health facilities and • Sought after location access to open space. Bell Green Retail Park The property is entered from the side into the • Good selection of amenities locally offers a wider range of amenities and is just inner hallway that leads to the good sized bay • Close to good transport links a short walk from the property. fronted lounge to the front of the ground floor, and the dining room outlooking to the rear • Fully let Central London is easily accessed within 30 elevation. The fitted kitchen / breakfast room • Freehold minutes via the regular public transport that overlooks the side elevation and has the Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself runs from the end of the road. benefit of a shower room beyond. and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: C 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The first floor accommodates three good sized of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any double bedrooms and a family bathroom. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 621 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 63 ADDRESS Plot 81, Bartley Heath LOT 25 North Warnborough, Hook Hampshire, RG29 1HD
NORTH WARNBOROUGH - HAMPSHIRE
RRP £999 @Auction £601.92 Save £397.08
Freehold Plot Of Land - Approximately 0.103 Acres Guide Price* Located Nearby to the M3 £4,750+
FEATURES Location Description • Auction Date: 25th - 26th July 2018 This plot of land is situated south east of • For Sale By Online Auction: 25th - 26th July the M3 and north of Hook’s village centre. 2018 • Freehold Land Hook is a large village in the heart of • Guide Price: £4,750+ • Size: 416 m2 (0.103 acres) northern Hampshire. The area benefits • Plot of land • Freehold • Nearby access to the M3 many surrounding amenities such as Whitewater Pharmacy, Londis This sale includes a freehold plot of land • Nearby occupiers: Highway supermarket, Hook Post Office and located nearby to the M3 at junction 5. The Services, Tesco Superstore, Hook transport links leading in to and out of the Service Station plot provides opportunity for a purchaser to village. acquire rights of way, across the rights of • Excellent transport links access to the highway at Mill Lane. The total POTENTIAL SAVINGS UP TO 75% OFF RRP The plot is located approximately 7 miles plot size is approximately 0.103 acres. east of Basingstoke and 15 miles south of Reading, there is good access to West Accommodation Variety | Volume | Value London and Southampton via the M3 Total: 416 m2 (0.103 acres) motorway that is situated just ½ a mile *Measurements provided by a third party* from the plot. Solicitors Tenure Freehold White Goods • Consumer Electronics • Vehicles • Luxury Assets • Homewares • TBC Guide Price Property • Plant & Machinery • Furniture • Gardening Equipment and lots more! £4,750+
Buyer's Premium £3,000 inc. VAT.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price View. Bid. Buy johnpye.co.uk 64 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 65 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 107, Lynwood Avenue 25th - 26th July 2018 [email protected] LOT 26 Darwen 0115 970 6060 LOT 26 Lancashire, BB3 0HZ
Description Continued Externally, to the left hand side of the property there is a large area of hard standing, previously used as a children’s DARWEN, LANCASHIRE play area. Directly in front of the children’s play area there is off street parking for three/four vehicles, where there is a gated entrance to the property, opened from within the conservatory via a buzzer.
There is a small grassed area of land to the rear of the property, which is not included in the sale, but rented from Blackburn and Darwen Council for £65 pa. Accommodation Ground Floor Gross Internal Area: 118.41 sq.m (1,275 sq.ft)
First Floor Gross Internal Area: 59 sq.m (635 sq.ft)
Total Gross Internal: 177.41 sq.m (1,910 sq.ft)
The above measurements include two conservatories measuring: Front Conservatory - 14.02 (151 sq.ft) Rear Conservatory - 24.09 sq.m (259 sq.ft) Services We understand the property has connections to mains gas, Development Potential: electricity, water and drainage, however interested parties should make their own enquiries. Subject to planning permission being granted and landlord’s consent being obtained, the property would be an ideal residential conversion opportunity. Tenure Long leasehold – 999 years from 29 September 1926. The immediate area is characterised by predominantly residential property, and together with the fact that the property will have once been a detached house, we consider that Darwen and Blackburn planning officers look favourably upon Business Rates an application for conversion of the property back to residential use. The premises have a current rateable value of £12,500. We recommend interested parties make their own enquiries with regards to obtaining the necessary consents. Buyer's Premium Spacious Detached Former Children's Day Nursery Guide Price* 2% (min. £3,600) inc. VAT Suitable for Residential Conversion (STP) £97,500+
FEATURES Location Description
• Auction Date: 25th - 26th July 2018 The property is located on Lynwood Avenue, • For Sale By Online Auction: 25th – 26th July 2018 adjacent to St Cuthbert’s Primary School in • Guide Price: £97,500+ • Former day nursery premises the market town of Darwen in Lancashire. • Former day nursery premises • Ideal residential conversion property • Ideal for conversion to residential • Long leasehold (STP) Located on the A666 and less than one mile • Spacious detached property from Junction 4 of the M65 motorway, The property comprises a traditional stone built substantial Darwen is extremely well placed for detached property, formally occupied as a children’s day • Driveway parking and gardens commuters, with the larger towns of nursery with well-proportioned accommodation arranged • Offered with vacant possession Blackburn to the north and Bolton to the over two floors. • Long leasehold – 999 years south. Darwen railway station is located only The property is suitable for a variety of uses, including the one mile from the property and offers regular ongoing use as a day nursery, but of particular note we • Two conservatories train services along the Ribble Valley Line consider the property is ideally suited for conversion back • New boiler recently installed from Manchester and Bolton. into a residential dwelling (subject to planning and landlord’s consent being obtained). • Good transport links Nearby local amenities include an Asda The ground floor accommodation comprises; three spacious Superstore, Leisure Centre, Parkland, various rooms, two of which enjoy bay fronted feature windows, Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James bars, restaurants and schooling options for a two fitted kitchens, side and rear conservatories and toilets Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself Solicitors variety of ages. A wider range of services and facilities to the rear. To the first floor there are two well- and for the vendors or lessors of this property, whose agent they are, give notice that: proportioned front facing rooms, a store room to the rear 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance leisure facilities can be found in the city of of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Pinsent Masons LLP Manchester which is around 20 miles to the and further toilet facilities. should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any south. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or Price their employees has any authority to make or give representation or warranty whatsoever in relation to the property. 661 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 67 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 43, Princes Crescent 25th - 26th July 2018 [email protected] LOT 27 Edlington, Doncaster 0115 970 6060 LOT 27 Yorkshire, DN12 1BA
Description Continued To the rear of the property is a small garden EDLINGTON, YORKSHIRE and patio area and there is unrestricted on street parking to the front. The property also benefits from an alarm system and CCTV cameras to the front and back.
Investment Analysis The property could let at £450 pcm (£5,400 pa), this represents a potential gross yield of 15.43% based on the guide price.
Accommodation 75 sq. m ( 807 sq. ft) (Taken from the EPC)
Please note this property has not been inspected.
Services We understand the property to have mains electricity, gas, water and drainage.
Tenure Freehold
Council Tax The property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1020.18
Buyer’s Premium £3,000 inc. VAT
Three Bedroom Mid Terrace Property Guide Price* Sell Your Property If you are thinking of selling your property, Ideal Buy To Let Opportunity £35,000+ contact us now for a free appraisal and benefit from: • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion FEATURES Location Description • Monthly auctions • Auction Date: 25th – 26th July 2018 The property is located on Princes Crescent in • Online Auction Date: 25th – 26th July 2018 the desirable area of Edlington, which lies 5 • Guide Price: £35,000+ • Buy to let opportunity miles south east of Doncaster. • Mid terrace property • Recently refurbished • Potential rent of £5,400 pa • Potential rent of £5,400 pa Edlington hosts a range of local amenities • Freehold including schools, a health centre, Asda • Potential yield of 15.43% based on the supermarket and a range of bars and This mid terraced property is entered from the guide price restaurants. There is also a Home Bargains small palisade to the front elevation. There is a • Good potential for capital growth store located just a few minutes’ walk from the large enough lounge with neutrally painted and • New boiler, doors and partly new property. plastered walls. windows Doncaster is easily accessed via the local bus Off the lounge, the kitchen hosts a range of base • Double glazed service and provides a wealth of local, and eye level units, integrated gas oven and hob. • Enclosed rear garden national and international retailers. The combination boiler is also housed within the kitchen. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James • Good transport links Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself The A1 and M18 motorways are located just and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: E 1.5 miles away and provide easy access to the The family bathroom is part tiled and has a three- 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance north and south of the country. piece suite. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 681 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 69 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 17-35, Crosby Street 25th - 26th July 2018 [email protected] LOT 28 Maryport 0115 970 6060 LOT 28 Cumbria, CA15 6DS
Description Continued Recent improvement works have been MARYPORT, CUMBRIA carried out by the current vendor, including redecoration, new internal doors to eight of the flats and main door to the front of the property.
Externally, the property benefits from residents on street parking.
Investment Analysis Two flats are currently tenanted out of the ten, achieving an income of £400 pcm, per flat (£9,600 per annum). However, we estimate when fully let the property could achieve £46,000 per annum. This represents a potential gross yield of 17.36%, based on the lower guide price.
Services We understand the property has mains electricity, water and drainage. However, we advise all interested parties should make their own investigations.
Tenure Freehold
Guide Price £265,000 - £285,000+
Buyer’s Premium 2% (min. £3,600) inc. VAT.
Detached Property Comprising 10 Self - Contained Flats Guide Price* Sell Your Property Ideal Investment Opportunity If you are thinking of selling your property, £265,000 - £285,000+ contact us now for a free appraisal and Potential Income Of £46,000 Per Annum benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs Location Description FEATURES • 20 Working Day Completion • Monthly auctions • Auction Date: 25th – 26th July 2018 This property is located on Crosby Street, • For Sale By Online Auction: 25th – 26th which is within walking distance to the July 2018 • Guide price: £265,000 - £285,000+ town centre of Maryport. There are two • Guide Price: £265,000 - £285,000+ • Freehold local supermarkets located within walking • Potential income of £46,000 per annum • Detached property distance of the property, including a Co-op • Potential yield of 17.36% based on the and Lidl. Maryport is located close to the guide price • 4 x 2 bedroom maisonettes Lake District National Park, which is less • 10 self-contained flats – part let • 4 x 1 bedroom maisonettes than 15 miles to the south east. • 2 x 1 bedroom self-contained flats A detached two storey property with Maryport, situated in Cumbria, is accommodation arranged over lower- • Improvement works carried out approximately 6 miles north east of ground, ground and first floors. • Potential rental income of £46,000 Workington, with easy access via the A596. per annum The train station is just a five-minute walk Accommodation includes four one-bedroom • Potential gross yield of 17.36% from the property, providing regular access maisonettes, four two-bedroom maisonettes up and down the country. and two one-bedroom self-contained flats. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 701 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 71 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Ebor House, 25th - 26th July 2018 [email protected] 1/2 Church Street, and 3 Bowes Street 0115 970 6060 LOT 29 LOT 29 Blyth Northumberland, NE24 1EB
Description Continued Unit 2 Church Street, occupied by William BLYTH, NORTHUMBERLAND Hill, forms part of the same building and is arrange over ground and first floors. The unit is accessed directly off Church Street, and has a large glazed frontage.
Externally, the property benefits staff parking to the rear and customer parking on High street, just a two-minute walk from the premises.
Services We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.
Tenure Freehold
Guide Price £850,000+
Buyer’s Premium Investment Analysis: 2% (min. £3,600) inc. VAT. The building is let to both Argos and William Hill, with tenants in situ since 1989. Unit 1 Church Street, let to Argos Sell Your Property is achieving £37,000 per annum and Unit 3 Bowes Street, also let to Argos is achieving 8,000 per annum, totalling If you are thinking of selling your property, £45,000 per annum exclusive. There is a break option on both Units 1 and Units 3 on 1 June 2020. The lease contact us now for a free appraisal and provides for an upwards only rent review on both Units 1 and Unit 3 on 1 June 2020. benefit from: Unit 2 Church Street is let to William Hill on a 10 year FRI lease from June 2015 at a rent of £26,500 per annum exclusive. There is no break option. There is an upwards only rent review on 2 June 2020. • 0% Seller Fee Freehold Retail Investment - Let to Argos and William Hill • £0 Entry Fee The total combined rental income is £71,500 per annum exclusive, reflecting a net yield of approximately 8% on the Guide Price* • £0 Marketing Costs guide price. Total Rental Income of £71,500 Per Annum Exclusive • 20 Working Day Completion Net Initial Yield of 8% £850,000+ • Monthly auctions
FEATURES Location Description
• Auction Date: 25th – 26th July 2018 The property occupies a prominent corner • For Sale By Online Auction: 25th – 26th July position on Church Street and Bowes Street, 2018 • Retail investment property within a pedestrianised area of the town • Guide Price: £850,000+ • Currently let to Argos and William Hill centre of Blyth, Northumberland. Nearby • Freehold Retail Investment – Let to Argos and • Argos - 10-year FRI lease from 17 March occupiers include: Thomson Holidays, William Hill 2017 Iceland, Wilko’s, Nationwide and Morrisons • Total Rental Income of £71,500 Per Annum Exclusive - Net Initial Yield 8% Supermarket. • Argos upward only rent review: 1st June • Argos 10 year FRI lease from March 2017 2020 and William Hill 10 year FRI lease from June • Argos break option: 1st June 2020 Blyth is located less than 20 miles north east 2015 of Newcastle Upon Tyne, with road access • William Hill – 10 year lease from June 2015 via A189. Sunderland is situated The property is modern, and of a traditional • William Hill upward only rent review: 1st approximately 25 miles south east of Blyth, brick construction with a pitched and tiled roof. June 2020 with access via the A19. • William Hill – No break option Argos occupies both Unit 1 Church Street and Unit 3 Bowes Street. The accommodation is Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James • Total rental income of £71,500 per annum Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself exclusive arranged over ground and first floors, together with a single storey section on Bowes Street. and for the vendors or lessors of this property, whose agent they are, give notice that: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The main ground floor retail space is entered at of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors street level via a double set of set of doors at should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any the junction with Church Street and Bowes purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Street. The ground floor space has large glazed Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential display windows spanning both Church Street land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings and Bowes Street. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 721 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 73 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 6, Dynevor Close 25th & 26th July 2018 [email protected] LOT 30 Skewen, Neath 0115 970 6060 LOT 30 Glamorgan, SA10 6TN
Description continued From the lounge located at the front of the property there are stairs to the loft room SKEWEN, GLAMORGAN with dormer window to the rear.
Externally, there is a detached outbuilding, which provides useful storage space. The outbuilding has uPVC glazing to the front and side.
The property would benefit from a program of improvements including new kitchen, bathroom, carpets and decoration throughout. Accommodation Lounge: 3.89m x 4.58m Bedroom 1: 3.72m x 3.33m Bedroom 2: 2.84m x 2.73m Bathroom: 1.85m x 1.69m Kitchen: 5.99m x 2.73m Loft Room 1: 3.67m x 3.59m Loft Room 2: 3.29m x 2.15m Outbuilding: 4.78m x 2.37m
Total: 77.74 m2 (837 ft2) Investment Analysis: Services We understand the property to have mains gas, electricity, water and drainage. Following a programme of refurbishment, we envisage there is good Potential buyers are advised to make their opportunity to add capital value. Furthermore, if the property were to held own investigations. as a buy-let investment, we expect the rental income to be in the region of £6,600 pa, which reflects a gross yield of 13.33% based on the guide price. Council tax The property is rated in Council Tax Band C. Council Tax payable (2018/2019) is approximately £1,576 pa. Spacious Two Bedroom Semi-Detached Bungalow Guide Price* Modernisation and Refurbishment Work Required Buyers Premium £49,500+ 2% (min. £3,600) inc. VAT Opportunity To Add Good Capital Value Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from: FEATURES Location Description • 0% Seller Fee • £0 Entry Fee • Auction Date: 25th – 26th July 2018 This semi-detached bungalow is located on • For Sale By Online Auction: 25th – 26th • £0 Marketing Costs the northern side of Dynevor Close in the July 2018 • 20 Working Day Completion • Freehold Skewen district of Neath in West • Guide Price: £49,500+ • Monthly auctions • In need of refurbishment Glamorgan. • Modernisation and refurbishment work • Potential to add capital value required In the immediate vicinity, there are a good • Potential to add good capital value • Spacious accommodation range of amenities, including; a library, • Spacious accommodation – 837 ft2 • Loft room and outbuilding heath centre, local shops, and a train station • Only fifteen minutes by train to providing stop access to the cities of Cardiff The property is accessed via the block paved Swansea and Swansea. driveway to the front of the property. The entrance hall leads the lounge, which is • Less than two miles from M4 The city of Swansea is just 15 minutes by located to the left hand side of the ground motorway train, 20 minutes by car and 30 minutes by floor. Also, to the ground floor, there are also bus. Junction 43 of the M4 motorway is two double bedrooms. less than two miles from the property, and Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself runs from West Wales into Central London, The tiled bathroom hosts a three-piece suite and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D passing by the major cities of Cardiff, with shower over bath. The kitchen diner has 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Bristol and Reading. a range of base and eye level units with of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any window overlooking the rear garden. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 741 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 75 25th - 26th July 2018 [email protected] 0115 970 6060
The properties are of a traditional brick construction with pitched and tiled roofs, UPVC double glazed windows, plastic guttering and down pipes, and velux windows.
Trintity Place is tarmacadam surfaced and includes 13 car parking spaces, and two disabled car parking spaces. The row of five town houses within the middle section of the site have their own driveway.
The site has been fully developed out, and no further opportunities exist to construct more homes.
Site area: approximately 0.35 hectares (0.87 acres).
Long Leasehold – please refer to the legal pack for further details. Investment Analysis: £15,000 - £20,000+ The property is owned long leasehold, under three separate leases, each for 999 years. The leases are dated 23 July 1855, 22 June 1877 and 24 September 1890. £3,600 inc. VAT. There are 16 underleases for a term of800 years from 1 July 2013, each paying an annual ground rent of £100. The total annual ground rent currently received is £1,600. If you are thinking of selling your property, contact us now for a free appraisal and The ground rent for all 16 leases increases by ten percent on every tenth anniversary of benefit from: the term, until the end of the lease term. Guide Price* • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions
• Auction Date: 25th - 26th July 2018 The site is located off Westleigh Lane in Leigh, • For Sale By Online Auction: 25th - 26th July 2018 approximately seven miles southeast of Wigan, • Long leasehold ground rent investment • Guide Price: £15,000 - £20,000+ opportunity which is a large town in the Metropolitan County • Long leasehold ground rent investment of Greater Manchester. Manchester is opportunity • 10% increase in ground rents every ten approximately 17 miles east of the property. years • 10% increase in ground rents every ten years Bolton is seven miles northeast, and Warrington • Ground rent per property £100 pa • Ground rent per property £100 pa is 11 miles to the south. • Total ground rent £1,600 pa • Total ground rent £1,600 pa • 10.6 % yield based on the lower guide price • 10.6 % yield based on the lower guide price The site is more specifically located on the western side of Westleigh Lane on Trinity Close, • Underleases for 800 years from 1 July 2013 The site is a development of 16 properties located between the junctions of Ingham Street to the on a cul de sac off Westleigh Lane. Within the • 10 town houses and six bungalows south and Alma Street to the north. Westleigh development there are 10 town houses and six • Properties all in reasonably good condition Lane provides easy access to Leigh town centre bunglows. The properties are all modern and via Atherleigh Way (A579). • UPVC double glazed windows throughout externally appear to be in a reasonable to good condition. Good road links are provided by the A579, A58 and A580 into Manchester to the east. A row of five town houses have been constructed at The immediate area is characterised by the front of the site, with the main entrance leading predominantly residential property, but with onto Westleigh Lane. The other five terraced town some commercial occupiers operating nearby on houses have been constructed within the middle Westleigh Lane. Within the local area, there is an section of the site, and the row of six terraced ASDA Superstore, Sainsbury’s, B & Q, and bungalows are to to the rear of the site. Westleigh post office. There are numerous schooling options within the local area including Westleigh High School and St Johns C of E Primary School. TBC
1 76 Property Auction July 2018 - Catalogue*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Property Auction July 2018 - Catalogue 2 77 Price 25th - 26th July 2018 [email protected] 0115 970 6060
The site extends to approximately 0.27 hectares (0.67 acres)
Interested parties are recommended to make their own enquiries
Freehold
Interested parties are recommended to make their own enquiries
£3,600 Inc VAT
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs Investment Analysis: • 20 Working Day Completion The 11 long leasehold interests are for a term of 999 years from 1 January 2015. • Monthly auctions Each property pays an annual ground rent of £150. The total annual ground rent is £1,650.
The ground rent for all 11 long leasehold interests increases by ten percent on every tenth anniversary of the term, until the end of the lease term.
Guide Price*
• Auction date: 25th - 26th July 2018 The property occupies a recently developed • Online Auction Date: 25th - 26th July 2018 plot of land on Ivory close, immediately off • Guide Price £17,500 - £22,500+ • Freehold ground rent investment opportunity Newhall Avenue, approximately two miles • Freehold Ground Rent Investment west of Eccles town centre in the residential Opportunity • 10% increase in ground rent every ten area of Peel Green. • Combined Income of £1,650 pa years • 9.4% Yield Based On The Lower Guide • Ground rent per property £150 pa ( £1,650 New Hall Avenue is located directly off Price pa ) Liverpool Road (A57) providing direct • 9.4% yield based on the lower guide price access onto Junction 11 of Manchester’s The development comprises of 11 town • 11 long leasehold modern town houses Outer Ring Road (M60). houses located in a cul de sac off Newhall Avenue. Within the development, there are • 997 years unexpired leases Eccles is a town in greater Manchester, two semi-detached properties and nine • The site extends to approximately 0.27 three miles west of Salford and four miles terraced houses, arranged as blocks of three. hectares (0.67 acres) west of Manchester city centre between the M602 motorway to the North and the The properties are of a traditional brick Manchester ship canal to the south. construction with pitched tiled roofs, UPVC double glazed windows and plastic guttering The immediate area is characterised by and downpipes. Each property has its own residential properties of a similar standard. driveway, which together with the road into TBC the development, are tarmacadam surfaced.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 781 Property Auction July 2018 - Catalogue Property Auction July 2018 - Catalogue 2 79 TERMS & COMMON AUCTION Reproduced with CONDITIONS Auctions CONDITIONS the consent of the RICS
COMMON AUCTION Glossary Auctioneers CONDITIONS This glossary applies to the auction conduct The auctioneers at the auction. conditions and the sale conditions. Introduction Wherever it makes sense: Business day The Common Auction Conditions have been • singular words can be read as plurals, and Any day except (a) a Saturday or a Sunday; produced for real estate auctions in England plurals as singular words; (b) a bank holiday in England and Wales; or and Wales to set a common standard across • a “person” includes a corporate body; words (c) Good Friday or Christmas Day. the industry. They are in three sections: of one gender include the other genders; references to legislation are to that legislation Buyer Glossary as it may have been modified or re-enacted by the date of the auction or the contract The person who agrees to buy the lot or, if The glossary gives special meanings to certain date (as applicable); and applicable, that person’s personal words used in both sets of conditions. representatives: if two or more are jointly the • where the following words printed in bold buyer their obligations can be enforced against black type appear in bold blue type they have them jointly or against each of them Auction Conduct Conditions the specified meanings. The Auction Conduct Conditions govern the separately. relationship between the auctioneer and Online Property Actual completion date anyone who has a catalogue, or who attends or Catalogue The date when completion takes place or is bids at the auction. They cannot be changed The catalogue to which the conditions refer treated as taking place for the purposes of without the auctioneer’s agreement. including any supplement to it. apportionment and calculating interest. Auction Terms & We recommend that these conditions are set out in a two-part notice to bidders in the Completion auction catalogue, part one containing Addendum An amendment or addition to advisory material – which auctioneers can the conditions or to the particulars or to both Unless otherwise agreed between seller and Conditions tailor to their needs – and part two the auction whether contained in a supplement to the buyer (or their conveyancers) the occasion conduct conditions. catalogue, a written notice from the when both seller and buyer have complied with auctioneers or an oral announcement at the their obligations under the contract and the auction. balance of the price is unconditionally Sale Conditions received in the seller’s conveyancer’s client The Sale Conditions govern the agreement account. - Common Auction Conditions between each seller and buyer. They include Agreed completion date general conditions of sale and template forms Subject to condition G9.3: Condition of special conditions of sale, tenancy and (a) the date specified in the special conditions; arrears schedules and a sale memorandum. or One of the auction conduct conditions or sales conditions. - Amendments to (b) if no date is specified, 20 business days after the contract date; but if that date is Common Auction Conditions Important Notice not a business day the first subsequent Contract business day. The contract by which the seller agrees to sell A prudent buyer will, before bidding for a lot at and the buyer agrees to buy the lot. an auction: Approved financial institution • Take professional advice from a conveyancer Contract date - Extra Auction Conduct Conditions and, in appropriate cases, a chartered Any bank or building society that has signed surveyor and an accountant; up to the Banking Code or Business Banking The date of the auction or, if the lot is not sold Code or is otherwise acceptable to the at the auction: • Read the conditions; auctioneers. (a) the date of the sale memorandum signed • Inspect the lot; by both the seller and buyer; or • Carry out usual searches and make usual Arrears (b) if contracts are exchanged, the date of enquiries; Arrears of rent and other sums due under the exchange. If exchange is not effected in • Check the content of all available leases and person or by an irrevocable agreement to other documents relating to the lot; tenancies and still outstanding on the actual completion date. exchange made by telephone, fax or • Check that what is said about the lot in the electronic mail the date of exchange is the catalogue is accurate; date on which both parts have been signed • Have finance available for the deposit and Arrears schedule and posted or otherwise placed beyond purchase price; The arrears schedule (if any) forming part of normal retrieval. • Check whether VAT registration and election the special conditions. is advisable; Documents Auction Documents of title (including, if title is The conditions assume that the The auction advertised in the catalogue. registered, the entries on the register and the buyer has acted like a prudent buyer. title plan) and other documents listed or If you choose to buy a lot without Auction conduct conditions referred to in the special conditions relating to taking these normal precautions you The conditions so headed, including any extra the lot. do so at your own risk. auction conduct conditions. Financial charge A charge to secure a loan or other financial indebtness (not including a rentcharge). COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS
General conditions Tenancies A2.3 We may cancel the auction, or alter the A5 The contract General conditions of sale G1.7 The lot does not include any tenant’s or That part of the sale conditions so headed, Tenancies, leases, licences to occupy and order in which lots are offered for sale. A5.1 A successful bid is one we accept as such trade fixtures or fittings. including any extra general conditions. agreements for lease and any documents We may also combine or divide lots. A (normally on the fall of the hammer). G1.8 Where chattels are included in the lot varying or supplemental to them. lot may be sold or withdrawn from sale This condition A5 applies to you if you Words in bold red type have special the buyer takes them as they are at prior to the auction. meanings, which are defined in the completion and the seller is not liable Interest rate make the successful bid for a lot. A2.4 You acknowledge that to the extent A5.2 You are obliged to buy the lot on the Glossary. if they are not fit for use. If not specified in the special conditions, Tenancy schedule permitted by law we owe you no duty of terms of the sale memorandum at the G1.9 The buyer buys with full knowledge of: 4% above the base rate from time to time of The tenancy schedule (if any) forming part of care and you have no claim against us for price you bid plus VAT (if applicable). The general conditions (including any extra (a) the documents, whether or not the Barclays Bank plc. (The interest rate will also the special conditions. any loss. apply to judgment debts, if applicable.) A5.3 You must before leaving the auction general conditions) apply to the contract buyer has read them; and : except to the extent that they are varied by (b) the physical condition of the lot and Transfer (a) provide all information we reasonably A3 Bidding and reserve prices need from you to enable us to complete special conditions or by an addendum. what could reasonably be discovered on Lot Transfer includes a conveyance or assignment A3.1 All bids are to be made in pounds the sale memorandum (including proof inspection of it, whether or not the buyer Each separate property described in the (and “to transfer” includes “to convey” or “to sterling exclusive of any applicable VAT. of your identity if required by us); G1. The lot has inspected it. catalogue or (as the case may be) the property assign”). A3.2 We may refuse to accept a bid. We do (b) sign the completed sale that the seller has agreed to sell and the buyer G1.1 The lot (including any rights to be not have to explain why. memorandum; and G1.10 The buyer is not to rely on the to buy (including chattels, if any). granted or reserved, and any exclusions TUPE A3.3 If there is a dispute over bidding we are (c) pay the deposit. from it) is described in the special information contained in the particulars The Transfer of Undertakings (Protection of entitled to resolve it, and our decision is A5.4 If you do not we may either: conditions, or if not so described the lot but may rely on the seller’s Old arrears Employment) Regulations 2006. final. conveyancer’s written replies to (a) as agent for the seller treat that failure is that referred to in the sale Arrears due under any of the tenancies that preliminary enquiries to the extent A3.4 Unless stated otherwise each lot is as your repudiation of the contract and memorandum. are not “new tenancies” as defined by the stated in those replies. VAT subject to a reserve price (which may be offer the lot for sale again: the seller may G1.2 The lot is sold subject to any tenancies Landlord and Tenant (Covenants) Value Added Tax or other tax of a similar fixed just before the lot is offered for then have a claim against you for breach disclosed by the special conditions, but Act 1995. nature. sale). If no bid equals or exceeds that of contract; or otherwise with vacant possession on G2. Deposit reserve price the lot will be withdrawn (b) sign the sale memorandum on your completion. G2.1 The amount of the deposit is the greater from the auction. Particulars behalf. G1.3 The lot is sold subject to all matters of: VAT option A3.5 Where there is a reserve price the seller The section of the catalogue that contains A5.5 The deposit: contained or referred to in the (a) any minimum deposit stated in the An option to tax. may bid (or ask us or another agent to documents, but excluding any financial descriptions of each lot (as varied by any (a) is to be held as stakeholder where auction conduct conditions (or the total bid on the seller’s behalf) up to the charges: these the seller must discharge addendum). VAT would be chargeable on the deposit price, if this is less than that minimum); reserve price but may not make a bid on or before completion. We (and us and our) were it to be held as agent for the seller, and The auctioneers. equal to or exceeding the reserve price. Practitioner but otherwise is to be held as stated in G1.4 The lot is also sold subject to such of the (b) 10% of the price (exclusive of any You accept that it is possible that all bids following as may affect it, whether they the sale conditions and VAT on the price). An insolvency practitioner for the purposes of up to the reserve price are bids made by ; arise before or after the contract date the Insolvency Act 1986 (or, in relation to You (and your) or on behalf of the seller. (b) must be paid in pounds sterling by G2.2 The deposit Someone who has a copy of the catalogue or and whether or not they are disclosed by jurisdictions outside the United Kingdom, any A3.6 Where a guide price (or range of prices) cheque or by bankers’ draft made (a) must be paid in pounds sterling by who attends or bids at the auction, whether or the seller or are apparent from inspection similar official). is given that guide is the minimum price payable to us on an approved financial cheque or banker’s draft drawn on an not a buyer. of the lot or from the documents: at which, or range of prices within which, institution. The extra auction conduct approved financial institution (or by any conditions may state if we accept any (a) matters registered or capable of other means of payment that the Price the seller might be prepared to sell at the registration as local land charges; date of the guide price. But guide prices other form of payment. auctioneers may accept); and The price that the buyer agrees to pay for the Auction conduct conditions (b) matters registered or capable of may change. The last published guide A5.6 We may retain the sale memorandum (b) is to be held as stakeholder unless the lot. A1 Introduction registration by any competent authority price will normally be at or above any signed by or on behalf of the seller until auction conduct conditions provide that or under the provisions of any statute; A1.1 Words in bold red type have special reserve price, but not always – as the the deposit has been received in cleared it is to be held as agent for the seller. Ready to complete meanings, which are defined in the seller may fix the final reserve price just funds. (c) notices, orders, demands, proposals G2.3 Where the auctioneers hold the deposit Ready, willing and able to complete: if Glossary. before bidding commences. A5.7 If the buyer does not comply with its and requirements of any competent as stakeholder they are authorised to completion would enable the seller to A1.2 The catalogue is issued only on the basis obligations under the contract then: authority; release it (and interest on it if applicable) discharge all financial charges secured on the that you accept these auction conduct (d) charges, notices, orders, restrictions, to the seller on completion or, if A4 The particulars and other (a) you are personally liable to buy the lot that have to be discharged by completion, conditions. They govern our relationship agreements and other matters relating to completion does not take place, to the information lot even if you are acting as an agent; then those outstanding financial charges do with you and cannot be disapplied or and town and country planning, highways or person entitled to it under the sale varied by the sale conditions (even by a A4.1 We have taken reasonable care to public health; not prevent the seller from being ready to (b) you must indemnify the seller in conditions. condition purporting to replace the prepare particulars that correctly complete. respect of any loss the seller incurs as a (e) rights, easements, quasi-easements, G2.4 If a cheque for all or part of the deposit whole of the Common Auction describe each lot. The particulars are result of the buyer’s default. and wayleaves; is not cleared on first presentation the based on information supplied by or on Sale conditions Conditions). They can be varied only if (f) outgoings and other liabilities; seller may treat the contract as at an end we agree. behalf of the seller. You need to check and bring a claim against the buyer for The general conditions as varied by any A5.8 Where the buyer is a company you (g) any interest which overrides, within that the information in the particulars is breach of contract. special conditions or addendum. warrant that the buyer is properly the meaning of the Land Registration A2 Our role correct. Act 2002; G2.5 Interest earned on the deposit belongs to A4.2 If the special conditions do not contain a constituted and able to buy the lot. A2.1 As agents for each seller we have (h) matters that ought to be disclosed by the seller unless the sale conditions Sale memorandum description of the lot, or simply refer to authority to: the searches and enquiries a prudent provide otherwise. The form so headed (whether or not set out in the relevant lot number, you take the risk A6 Extra Auction Conduct (a) prepare the catalogue from buyer would make, whether or not the the catalogue) in which the terms of the that the description contained in the Conditions buyer has made them; and information supplied by or on behalf of particulars is incomplete or inaccurate, G3. Between contract and completion contract for the sale of the lot are recorded. A6.1 Despite any special condition to the (i) anything the seller does not and could each seller; as the particulars have not been G3.1 Unless the special conditions state contrary the minimum deposit we accept not reasonably know about. (b) offer each lot for sale; prepared by a conveyancer and are not otherwise, the seller is to insure the lot Seller is £250 (or the total price, if less). A (c) sell each lot; intended to form part of a legal contract. G1.5 Where anything subject to which the lot from and including the contract date to The person selling the lot. If two or more are special condition may, however, require is sold would expose the seller to liability (d) receive and hold deposits; A4.3 The particulars and the sale conditions completion and: jointly the seller their obligations can be a higher minimum deposit. the buyer is to comply with it and (e) sign each sale memorandum; and may change prior to the auction and it is (a) produce to the buyer on request all enforced against them jointly or against each indemnify the seller against that liability. (f) treat a contract as repudiated if the your responsibility to check that you relevant insurance details; of them separately. G1.6 The seller must notify the buyer of any buyer fails to sign a sale memorandum or have the correct versions. (b) pay the premiums when due; notices, orders, demands, proposals and pay a deposit as required by these A4.4 If we provide information, or a copy of a (c) if the buyer so requests, and pays any requirements of any competent authority Special conditions auction conduct conditions. document, provided by others we do so additional premium, use reasonable of which it learns after the contract date Those of the sale conditions so headed that A2.2 Our decision on the conduct of the only on the basis that we are not endeavours to increase the sum insured but the buyer must comply with them relate to the lot. auction is final. responsible for the accuracy of that or make other changes to the policy; and keep the seller indemnified. information or document. (d) at the request of the buyer use COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS
reasonable endeavours to have the duty land tax relating to that application indemnify the seller against that liability. G8. If the contract is brought (a) the buyer is liable to pay interest; G11.8 While any arrears due to the seller buyer’s interest noted on the policy if it has been paid; and G5.3 The seller cannot be required to transfer to an end and remain unpaid the buyer must: does not cover a contracting purchaser; (iv) a letter under which the seller or its the lot to anyone other than the buyer, or If the contract is lawfully brought to an (b) the seller has given notice to the (a) try to collect them in the ordinary (e) unless otherwise agreed, cancel the conveyancer agrees to use all reasonable by more than one transfer. end: buyer at any time up to completion course of management but need not insurance at completion, apply for a endeavours to answer any requisitions (a) the buyer must return all papers to the requiring apportionment on the date take legal proceedings or forfeit the refund of premium and (subject to the raised by the land registry and to instruct G6. Completion seller and appoints the seller its agent to from which interest becomes payable tenancy; rights of any tenant or other third party) the land registry to send the completed by the buyer; in which event income (b) pay them to the seller within five G6.1 Completion is to take place at the offices cancel any registration of the contract; pay that refund to the buyer; and registration documents to the buyer. and outgoings are to be apportioned on business days of receipt in cleared of the seller’s conveyancer, or where the and (f) (subject to the rights of any tenant or (e) The buyer has no right to object to or the date from which interest becomes funds (plus interest at the interest rate seller may reasonably require, on the (b) the seller must return the deposit and other third party) hold on trust for the make requisitions on any title payable by the buyer. calculated on a daily basis for each agreed completion date. The seller can any interest on it to the buyer (and the buyer any insurance payments that the information more than seven business G10.4 Apportionments are to be calculated on subsequent day’s delay in payment); only be required to complete on a buyer may claim it from the stakeholder, seller receives in respect of loss or days after that information has been the basis that: business day and between the hours of if applicable) unless the seller is entitled (c) on request, at the cost of the seller, damage arising after the contract date or given to the buyer. 0930 and 1700. to forfeit the deposit under condition (a) the seller receives income and is assign to the seller or as the seller may assign to the buyer the benefit of any G4.3 Unless otherwise stated in the special liable for outgoings for the whole of the direct the right to demand and sue for G6.2 The amount payable on completion is G7.3. claim; and the buyer must on completion conditions the seller sells with full title day on which apportionment is to be old arrears, such assignment to be in the balance of the price adjusted to take reimburse to the seller the cost of that guarantee except that (and the transfer made; such form as the seller’s conveyancer account of apportionments plus (if insurance (to the extent not already paid shall so provide): G9. Landlord’s licence may reasonably require; applicable) VAT and interest. (b) annual income and expenditure by the buyer or a tenant or other third (a) the covenant set out in section 3 of G9.1 Where the lot is or includes leasehold accrues at an equal daily rate assuming (d) if reasonably required, allow the G6.3 Payment is to be made in pounds sterling party) for the period from and including the Law of Property (Miscellaneous land and licence to assign is required this 365 days in a year, and income and seller’s conveyancer to have on loan and only by: the contract date to completion. Provisions) Act 1994 shall not extend to condition G9 applies. expenditure relating to some other the counterpart of any tenancy against (a) direct transfer to the seller’s G3.2 No damage to or destruction of the lot matters recorded in registers open to G9.2 The contract is conditional on that period accrues at an equal daily rate an undertaking to hold it to the buyer’s conveyancer’s client account; and nor any deterioration in its condition, public inspection; these are to be treated licence being obtained, by way of formal during the period to which it relates; order; (b) the release of any deposit held by a however caused, entitles the buyer to as within the actual knowledge of the licence if that is what the landlord and (e) not without the consent of the seller stakeholder. any reduction in price, or to delay buyer; and lawfully requires. (c) where the amount to be release any tenant or surety from completion, or to refuse to complete. (b) the covenant set out in section 4 of G6.4 Unless the seller and the buyer otherwise G9.3 The agreed completion date is not to be apportioned is not known at liability to pay arrears or accept a G3.3 Section 47 of the Law of Property Act the Law of Property (Miscellaneous agree, completion cannot take place until earlier than the date five business days completion apportionment is to be surrender of or forfeit any tenancy 1925 does not apply. Provisions) Act 1994 shall not extend to both have complied with their after the seller has given notice to the made by reference to a reasonable under which arrears are due; and obligations under the contract and the G3.4 Unless the buyer is already lawfully in any condition or tenant’s obligation buyer that licence has been obtained. estimate and further payment is to be (f) if the buyer disposes of the lot prior balance of the price is unconditionally occupation of the lot the buyer has no relating to the state or condition of the G9.4 The seller must: (a) use all reasonable made by seller or buyer as appropriate to recovery of all arrears obtain from received in the seller’s conveyancer’s right to enter into occupation prior to lot where the lot is leasehold property. endeavours to obtain the licence at the within five business days of the date the buyer’s successor in title a covenant client account. completion. seller’s expense; and (b) enter into any when the amount is known. in favour of the seller in similar form to G6.5 If completion takes place after 1400 G4.4 The transfer is to have effect as if authorised guarantee agreement properly part 3 of this condition G11. hours for a reason other than the seller’s G4. Title and identity expressly subject to all matters subject to required. G11. Arrears G11.9 Where the seller has the right to default it is to be treated, for the which the lot is sold under the contract. G9.5 The buyer must: recover arrears it must not without the G4.1 Unless condition G4.2 applies, the buyer purposes of apportionment and Part 1 Current rent G4.5 The seller does not have to produce, nor (a) promptly provide references and other buyer’s written consent bring accepts the title of the seller to the lot as calculating interest, as if it had taken G11.1 “Current rent” means, in respect of at the contract date and may raise no may the buyer object to or make a relevant information; and insolvency proceedings against a place on the next business day each of the tenancies subject to which requisition or objection except in relation requisition in relation to, any prior or . (b) comply with the landlord’s lawful tenant or seek the removal of goods G6.6 Where applicable the contract remains in the lot is sold, the instalment of rent to any matter that occurs after the superior title even if it is referred to in requirements. from the lot. force following completion. and other sums payable by the tenant contract date. the documents. G9.6 If within three months of the contract in advance on the most recent rent G4.2 If any of the documents is not made G4.6 The seller (and, if relevant, the buyer) date (or such longer period as the seller payment date on or within four months G12. Management available before the auction the following must produce to each other such G7. Notice to complete and buyer agree) the licence has not been preceding completion. G12.1 This condition G12 applies where the obtained the seller or the buyer may (if provisions apply: confirmation of, or evidence of, their G7.1 The seller or the buyer may on or after G11.2 If on completion there are any arrears lot is sold subject to tenancies. identity and that of their mortgagees and not then in breach of any obligation (a) The buyer may raise no requisition on the agreed completion date but before of current rent the buyer must pay G12.2 The seller is to manage the lot in attorneys (if any) as is necessary for the under this condition G9) by notice to the or objection to any of the documents completion give the other notice to them, whether or not details of those accordance with its standard other to be able to comply with other terminate the contract at any time that is made available before the auction. complete within ten business days arrears are given in the special management policies pending applicable Land Registry Rules when before licence is obtained. That (b) If the lot is registered land the seller (excluding the date on which the notice conditions. completion. making application for registration of the is given) making time of the essence. termination is without prejudice to the is to give to the buyer within five G11.3 Parts 2 and 3 of this condition G11 do G12.3 The seller must consult the buyer on all transaction to which the conditions claims of either seller or buyer for breach business days of the contract date an G7.2 The person giving the notice must be not apply to arrears of current rent. management issues that would affect apply. of this condition G9. official copy of the entries on the register ready to complete. the buyer after completion (such as, but and title plan and, where noted on the G7.3 If the buyer fails to comply with a notice Part 2 Buyer to pay for arrears not limited to, an application for register, of all documents subject to G5. Transfer to complete the seller may, without G10. Interest and apportionments licence; a rent review; a variation, which the lot is being sold. G5.1 Unless a form of transfer is prescribed by affecting any other remedy the seller has: G10.1 If the actual completion date is after the G11.4 Part 2 of this condition G11 applies surrender, agreement to surrender or (c) If the lot is not registered land the the special conditions: (a) terminate the contract; agreed completion date for any reason where the special conditions give proposed forfeiture of a tenancy; or a details of arrears. seller is to give to the buyer within five (a) the buyer must supply a draft transfer (b) claim the deposit and any interest on other than the seller’s default the buyer new tenancy or agreement to grant a business days an abstract or epitome of to the seller at least ten business days it if held by a stakeholder; must pay interest at the interest rate on G11.5 The buyer is on completion to pay, in new tenancy) and: addition to any other money then due, title starting from the root of title before the agreed completion date and (c) forfeit the deposit and any interest on the price (less any deposit paid) from (a) the seller must comply with the an amount equal to all arrears of which mentioned in the special conditions (or, the engrossment (signed as a deed by the it; the agreed completion date up to and buyer’s reasonable requirements unless if none is mentioned, a good root of title including the actual completion date. details are set out in the special buyer if condition G5.2 applies) five (d) resell the lot; and to do so would (but for the indemnity in more than fifteen years old) and must business days before that date or (if G10.2 Subject to condition G11 the seller is conditions. paragraph (c)) expose the seller to a (e) claim damages from the buyer. produce to the buyer the original or an later) two business days after the draft not obliged to apportion or account for G11.6 If those arrears are not old arrears the liability that the seller would not examined copy of every relevant has been approved by the seller; and any sum at completion unless the seller seller is to assign to the buyer all rights otherwise have, in which case the seller G7.4 If the seller fails to comply with a notice document. (b) the seller must approve or revise the has received that sum in cleared funds. that the seller has to recover those may act reasonably in such a way as to to complete the buyer may, without (d) If title is in the course of registration, draft transfer within five business days of The seller must pay to the buyer after arrears. avoid that liability; affecting any other remedy the buyer title is to consist of certified copies of: receiving it from the buyer. completion any sum to which the buyer (b) if the seller gives the buyer notice has: (i) the application for registration of title is entitled that the seller subsequently Part 3 Buyer not to pay for arrears of the seller’s intended act and the (a) terminate the contract; and receives in cleared funds. made to the land registry; G5.2 If the seller remains liable in any respect G11.7 Part 3 of this condition G11 applies buyer does not object within five (b) recover the deposit and any interest (ii) the documents accompanying that in relation to the lot (or a tenancy) G10.3 Income and outgoings are to be where the special conditions: business days giving reasons for the on it from the seller or, if applicable, a apportioned at actual completion date application; following completion the buyer is (a) so state; or objection the seller may act as the stakeholder. unless: seller intends; and (iii) evidence that all applicable stamp specifically to covenant in the transfer to (b) give no details of any arrears. COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS
(c) the buyer is to indemnify the seller (b) it has made, or will make before special conditions to HM Revenue and G20. TUPE is not attributable to any tenancy G23.4 The seller must promptly: against all loss or liability the seller completion, a VAT option in relation to Customs for the purposes of their G20.1 If the special conditions state “There and is for that reason irrecoverable. (a) give to the buyer full details of all incurs through acting as the buyer the lot and will not revoke it before or respective capital allowance are no employees to which TUPE G22.4 In respect of each tenancy, if the rent review negotiations and requires, or by reason of delay caused within three months after completion; computations. applies”, this is a warranty by the seller service charge account shows that: proceedings, including copies of all by the buyer. (c) article 5(2B) of the Value Added to this effect. (a) payments on account (whether correspondence and other papers; and Tax (Special Provisions) Order 1995 G17. Maintenance agreements G20.2 If the special conditions do not state received or still then due from a tenant) (b) use all reasonable endeavours to does not apply to it; and G13. Rent deposits G17.1 The seller agrees to use reasonable “There are no employees to which exceed attributable service charge substitute the buyer for the seller in any G13.1 This condition G13 applies where the (d) it is not buying the lot as a nominee endeavours to transfer to the buyer, at TUPE applies” the following expenditure, the seller must pay to the rent review proceedings. seller is holding or otherwise entitled to for another person. the buyer’s cost, the benefit of the paragraphs apply: buyer an amount equal to the excess G23.5 The seller and the buyer are to keep money by way of rent deposit in G15.4 The buyer is to give to the seller as maintenance agreements specified in (a) The seller must notify the buyer of when it provides the service charge each other informed of the progress of respect of a tenancy. In this condition early as possible before the agreed the special conditions. those employees whose contracts of account; the rent review and have regard to any G13 “rent deposit deed” means the completion date evidence: G17.2 The buyer must assume, and indemnify employment will transfer to the buyer (b) attributable service charge proposals the other makes in relation to deed or other document under which (a) of the buyer’s VAT registration; the seller in respect of, all liability on completion (the “Transferring expenditure exceeds payments on it. the rent deposit is held. (b) that the buyer has made a VAT under such contracts from the actual Employees”). This notification must be account (whether those payments have G23.6 When the rent review has been agreed G13.2 If the rent deposit is not assignable the option; and completion date. given to the buyer not less than 14 days been received or are still then due), the or determined the buyer must account buyer must use all reasonable seller must on completion hold the rent (c) that the VAT option has been before completion. to the seller for any increased rent and endeavours to recover the shortfall from interest recovered from the tenant that deposit on trust for the buyer and, notified in writing to HM Revenue and G18. Landlord and Tenant Act 1987 (b) The buyer confirms that it will subject to the terms of the rent deposit comply with its obligations under the tenant at the next service charge relates to the seller’s period of Customs; G18.1 This condition G18 applies where the deed, comply at the cost of the buyer TUPE and any special conditions in reconciliation date and pay the amount ownership within five business days of and if it does not produce the relevant sale is a relevant disposal for the with the buyer’s lawful instructions. respect of the Transferring Employees. so recovered to the seller within five receipt of cleared funds. evidence at least two business days purposes of part I of the Landlord and business days of receipt in cleared G13.3 Otherwise the seller must on (c) The buyer and the seller G23.7 If a rent review is agreed or before the agreed completion date, Tenant Act 1987. funds; but in respect of payments on completion pay and assign its interest in acknowledge that pursuant and subject determined before completion but the condition G14.1 applies at completion. G18.2 The seller warrants that the seller has account that are still due from a tenant the rent deposit to the buyer under an to TUPE, the contracts of employment increased rent and any interest G15.5 The buyer confirms that after complied with sections 5B and 7 of condition G11 (arrears) applies. assignment in which the buyer between the Transferring Employees recoverable from the tenant has not completion the buyer intends to: that Act and that the requisite majority covenants with the seller to: and the seller will transfer to the buyer G22.5 In respect of service charge been received by completion the (a) retain and manage the lot for the of qualifying tenants has not accepted expenditure that is not attributable to (a) observe and perform the seller’s on completion. increased rent and any interest buyer’s own benefit as a continuing the offer. any tenancy the seller must pay the covenants and conditions in the rent (d) The buyer is to keep the seller recoverable is to be treated as arrears. business as a going concern subject to expenditure incurred in respect of the deposit deed and indemnify the seller in indemnified against all liability for the G23.8 The seller and the buyer are to bear and with the benefit of the tenancies; period before actual completion date respect of any breach; G19. Sale by practitioner Transferring Employees after their own costs in relation to rent and and the buyer must pay the expenditure G19.1 This condition G19 applies where the completion. review negotiations and proceedings. (b) give notice of assignment to the (b) collect the rents payable under the sale is by a practitioner either as seller incurred in respect of the period after tenant; and tenancies and charge VAT on them or as agent of the seller. actual completion date. Any necessary (c) give such direct covenant to the G15.6 If, after completion, it is found that the G21. Environmental monetary adjustment is to be made G24. Tenancy renewals G19.2 The practitioner has been duly tenant as may be required by the rent sale of the lot is not a transfer of a G21.1 This condition G21 only applies where within five business days of the seller G24.1 This condition G24 applies where the appointed and is empowered to sell the deposit deed. going concern then: the special conditions so provide. providing the service charge account to tenant under a tenancy has the right to lot. (a) the seller’s conveyancer is to notify G21.2 The seller has made available such the buyer. remain in occupation under part II of G19.3 Neither the practitioner nor the firm or G14. VAT the buyer’s conveyancer of that finding reports as the seller has as to the G22.6 If the seller holds any reserve or sinking the Landlord and Tenant Act 1954 (as any member of the firm to which the G14.1 Where a sale condition requires money and provide a VAT invoice in respect of environmental condition of the lot and fund on account of future service amended) and references to notices and practitioner belongs has any personal to be paid or other consideration to be the sale of the lot; has given the buyer the opportunity to charge expenditure or a depreciation proceedings are to notices and liability in connection with the sale or given, the payer must also pay any VAT carry out investigations (whether or not fund: proceedings under that Act. (b) the buyer must within five business the performance of the seller’s that is chargeable on that money or the buyer has read those reports or G24.2 Where practicable, without exposing the days of receipt of the VAT invoice pay obligations. The transfer is to include a (a) the seller must pay it (including any consideration, but only if given a valid carried out any investigation) and the seller to liability or penalty, the seller to the seller the VAT due; and declaration excluding that personal interest earned on it) to the buyer on VAT invoice. buyer admits that the price takes into must not without the written consent of (c) if VAT is payable because the buyer liability. completion; and G14.2 Where the special conditions state that account the environmental condition of the buyer (which the buyer must not has not complied with this condition G19.4 The lot is sold: (b) the buyer must covenant with the no VAT option has been made the seller G15, the buyer must pay and indemnify the lot. seller to hold it in accordance with the unreasonably withhold or delay) serve (a) in its condition at completion; confirms that none has been made by it the seller against all costs, interest, G21.3 The buyer agrees to indemnify the terms of the tenancies and to indemnify or respond to any notice or begin or or by any company in the same VAT penalties or surcharges that the seller (b) for such title as the seller may have; seller in respect of all liability for or the seller if it does not do so. continue any proceedings. group nor will be prior to completion. incurs as a result. and resulting from the environmental G24.3 If the seller receives a notice the seller (c) with no title guarantee; and the condition of the lot. must send a copy to the buyer within G23. Rent reviews buyer has no right to terminate the five business days and act as the buyer G16. Capital allowances G15. Transfer as a going concern contract or any other remedy if G23.1 This condition G23 applies where the reasonably directs in relation to it. G22. Service Charge lot is sold subject to a tenancy under G15.1 Where the special conditions so state: G16.1 This condition G16 applies where the information provided about the lot is G24.4 Following completion the buyer must: special conditions state that there are G22.1 This condition G22 applies where the which a rent review due on or before (a) the seller and the buyer intend, and inaccurate, incomplete or missing. (a) with the co-operation of the seller capital allowances available in respect lot is sold subject to tenancies that the actual completion date has not been will take all practicable steps (short of G19.5 Where relevant: take immediate steps to substitute itself of the lot. include service charge provisions. agreed or determined. an appeal) to procure, that the sale is (a) the documents must include as a party to any proceedings; treated as a transfer of a going concern; G16.2 The seller is promptly to supply to the G22.2 No apportionment is to be made at G23.2 The seller may continue negotiations or certified copies of those under which (b) use all reasonable endeavours to and buyer all information reasonably completion in respect of service rent review proceedings up to the the practitioner is appointed, the conclude any proceedings or required by the buyer in connection charges. actual completion date but may not (b) this condition G15 applies. document of appointment and the negotiations for the renewal of the with the buyer’s claim for capital G22.3 Within two months after completion agree the level of the revised rent or G15.2 The seller confirms that the seller practitioner’s acceptance of tenancy and the determination of any allowances. the seller must provide to the buyer a commence rent review proceedings (a) is registered for VAT, either in the appointment; and interim rent as soon as reasonably detailed service charge account for the without the written consent of the seller’s name or as a member of the G16.3 The value to be attributed to those (b) the seller may require the transfer to practicable at the best rent or rents service charge year current on buyer, such consent not to be same VAT group; and items on which capital allowances may be by the lender exercising its power of reasonably obtainable; and be claimed is set out in the special completion showing: unreasonably withheld or delayed. (b) has (unless the sale is a standard- sale under the Law of Property Act (c) if any increased rent is recovered conditions. (a) service charge expenditure G23.3 Following completion the buyer must rated supply) made in relation to the lot 1925. from the tenant (whether as interim rent attributable to each tenancy; complete rent review negotiations or a VAT option that remains valid and will G16.4 The seller and buyer agree: G19.6 The buyer understands this condition or under the renewed tenancy) account (b) payments on account of service proceedings as soon as reasonably not be revoked before completion. (a) to make an election on completion G19 and agrees that it is fair in the to the seller for the part of that increase charge received from each tenant; practicable but may not agree the level under Section 198 of the Capital circumstances of a sale by a that relates to the seller’s period of G15.3 The buyer confirms that: of the revised rent without the written Allowances Act 2001 to give effect to practitioner. (c) any amounts due from a tenant that ownership of the lot within five business (a) it is registered for VAT, either in the consent of the seller, such consent not this condition G16; and have not been received; days of receipt of cleared funds. buyer’s name or as a member of a VAT to be unreasonably withheld or delayed. (d) any service charge expenditure that group; (b) to submit the value specified in the COMMON AUCTION Reproduced with AMENDMENTS TO COMMON CONDITIONS the consent of the RICS AUCTION CONDITIONS
G24.5 The seller and the buyer are to bear G28. Notices and other AMENDMENTS TO electronic mail the date of exchange is the The Auction Conduct Conditions their own costs in relation to the communications COMMON AUCTION date on which both parts have been signed shall be varied as follows: renewal of the tenancy and any G28.1 All communications, including notices, and posted or otherwise placed beyond proceedings relating to this. Condition A2.1(f) shall be deleted and replaced must be in writing. Communication to CONDITIONS normal retrieval. with: or by the seller or the buyer may be “(f) treat a contract as repudiated if the G25. Warranties given to or by their conveyancers. Where The Royal Institution of Chartered Sale Memorandum buyer fails to pay the buyer’s payment G25.1 Available warranties are listed in the G28.2 A communication may be relied on if: Surveyors Common Auction Conditions (third The form so headed (whether or not set out in and/or provide anti-money laundering special conditions. (a) delivered by hand; or edition) (“CAC”) are to be construed in the the catalogue) in which the terms of the information to us as required by these G25.2 Where a warranty is assignable the (b) made electronically and personally context of an online auction and bidding seller must: contract for the sale of the lot are recorded auction conduct conditions”. acknowledged (automatic system the CAC shall be varied as follows: (a) on completion assign it to the buyer acknowledgement does not count); or which will either be in email form (where the Condition A5.1 shall be deleted and replaced and give notice of assignment to the (c) there is proof that it was sent to the lot is won at the auction) or written (where the with: The following definitions in the CAC person who gave the warranty; and address of the person to whom it is to lot is not sold at the auction). “A5.1 A successful bid is one we accept as such (b) apply for (and the seller and the be given (as specified in the sale Glossary shall be deleted and (normally when the auction time has buyer must use all reasonable memorandum) by a postal service that replaced as follows: You (and your) elapsed with a winning bid). This endeavours to obtain) any consent to offers normally to deliver mail the next assign that is required. If consent has following business day. Someone who has a copy of the catalogue or condition A5 applies to you if you make not been obtained by completion the G28.3 A communication is to be treated as Addendum who views the URL of or who is a bidder at the successful bid for a lot.” warranty must be assigned within five received: An amendment or addition to the conditions the auction, whether or not a buyer. Condition A5.3 shall be deleted and replaced business days after the consent has (a) when delivered, if delivered by or to the particulars or to both whether with: been obtained. hand; or contained in a supplement to the catalogue or “A5.3 Within 24 hours of the end of the G25.3 If a warranty is not assignable the The following definitions shall be (b) when personally acknowledged, if a notice from the auctioneers on the auction, the successful bidder must: seller must after completion: added as new definitions in the made electronically; but if delivered or auctioneers website. (a) provide anti-money laundering (a) hold the warranty on trust for the made after 1700 hours on a business CAC Glossary: information to us; and buyer; and day a communication is to be treated Auction (b) provide all information we (b) at the buyer’s cost comply with such as received on the next business day. Anti-Money Laundering Information of the lawful instructions of the buyer G28.4 A communication sent by a postal The auction for each lot advertised in the reasonably need from you to enable us to Means the provision of 2 pieces of in relation to the warranty as do not service that offers normally to deliver catalogue which will take place online via the complete the sale memorandum; and place the seller in breach of its terms identification for anti-money laundering mail the next following business day internet, using the Uniform Resource Locator (c) pay the buyer’s payment in cleared or expose the seller to any liability or will be treated as received on the purposes – these must include 1 piece of (URL) of on an ongoing basis. funds from an account held with an penalty. second business day after it has been photo identification (a passport or driver’s approved financial institution, but we will posted. licence for example) and a utility bill including Auctioneers not accept the buyer’s payment and the G26. No assignment the buyer’s/seller’s (as appropriate) home The auctioneer will be John Pye & Sons Ltd buyer will not be able to pay the buyer’s The buyer must not assign, mortgage G29. Contracts (Rights of Third address which cannot be dated older than 3 T/A John Pye Property & John Pye Auctions. payment until the buyer has complied or otherwise transfer or part with the Parties) Act 1999 months. We reserve the right to undertake an whole or any part of the buyer’s with condition A5.3(a).” No one is intended to have any benefit electronic money laundering check that will interest under this contract. Condition A5.4(a) shall be deleted and under the contract pursuant to the Contract Buyer leave a soft record on file. replaced with: (Rights of Third Parties) Act 1999. Means the person who has made the highest “(a) If you do not we may, as agent for the G27. Registration at the Land valid bid once the auction has finished (taking Registry Buyer’s Payment seller, treat that failure as your into account the application of the 3-minute G27.1 This condition G27.1 applies where the 10% of the price (minimum £6,000) which will repudiation of the contract and offer the rule) or, if applicable, that person’s personal lot is leasehold and its sale either be comprised of the buyer’s premium and the lot for sale again: the seller mzay then representatives: if two or more are jointly the triggers first registration or is a deposit. have a claim against you for breach of buyer their obligations can be enforced against registrable disposition. The buyer must contract and you will be banned from all them jointly or against each of them Buyer’s Premium at its own expense and as soon as future auctions.” practicable: separately. Means 2% of the price (minimum £3,600) inc. (a) procure that it becomes registered VAT payable to the auctioneers. Condition A5.5(b) shall be deleted. at Land Registry as proprietor of the Catalogue (for transactions under £60,000 the Buyer's Condition A5.6 shall be deleted. lot; Condition A6 shall be deleted and replaced Unless otherwise stated this will take the form Premium will be £3,000 inc. VAT). (b) procure that all rights granted and with: reserved by the lease under which the of online sales particulars, text, hypertext links Deposit “A6 The Extra Auction Conduct Conditions lot is held are properly noted against and associated imagery present upon the shall be incorporated into the auction the affected titles; and website which shall be the catalogue to which Means the sum of the buyer’s payment less the conduct conditions as if set out in full in (c) provide the seller with an official the conditions refer including any supplement buyer’s premium. the auction conduct conditions.” copy of the register relating to such to it. lease showing itself registered as Extra Auction Conduct Conditions proprietor. The John Pye & Sons – Extra Auction Conduct The General Conditions of G27.2 This condition G27.2 applies where the Contract Date Conditions for the participation and purchase of Sale shall be varied as follows: lot comprises part of a registered title. The date that the auction has finished (taking property by online auction, available at Condition G2.1 shall be deleted. The buyer must at its own expense and into account the application of the 3-minute as soon as practicable: www.johnpye.co.uk/propertyterms.pdf Condition G2.2 shall be deleted and replaced rule) or, if the lot is not sold at the auction: (a) apply for registration of the transfer; and in the catalogue. with: (a) the date of the sale memorandum is signed (b) provide the seller with an official “The deposit is to be held as stakeholder by both the seller and buyer; or copy and title plan for the buyer’s new 3-Minute Rule unless the auction conduct conditions provide title; and (b) if contracts are exchanged, the date of Means the rule which stipulates that any person that it is to be held as agent for the seller” (c) join in any representations the seller exchange. If exchange is not effected in who bids online within the last 3 minutes of a Condition G2.4 shall be deleted. may properly make to Land Registry person or by an irrevocable agreement to specific lot closing time will instigate the relating to the application. exchange made by telephone, fax or automatic extension of the lot closing time by an additional 3 minutes and so on for any such subsequent bids until a winning bid is achieved. ONLINE PROPERTY AUCTION ONLINE PROPERTY AUCTION TERMS AND CONDITIONS TERMS AND CONDITIONS
JOHN PYE & SONS – EXTRA 1.6 All lots entered for online auction are JOHN PYE & SONS is not a party to the 5. Completion of purchase 7. Data protection 8. General AUCTION CONDUCT CONDITIONS subject to these Terms and (for the contract of sale and is not liable for any 5.1 Immediately following the contract date, 7.1 JOHN PYE & SONS will only use the 8.1 If any court or competent authority FOR THE PARTICIPATION AND avoidance of doubt) the CAC’s. breach thereof by either the buyer or the and subject to the satisfaction of the personal information provided to them to decides that any of the provisions of PURCHASE OF PROPERTY BY 1.7 All buyers and sellers acknowledge and seller. provisions of condition 4.7 above, JOHN provide the auction services, or to inform these Terms are invalid, unlawful or ONLINE AUCTION agree that these Terms (and, for the 4.2 If a potential buyer is unsuccessful in PYE & SONS will send the buyer’s buyers and sellers about similar services unenforceable to any extent, the term avoidance of doubt, the CAC’s) are buying the lot they may recover their payment invoice to the buyer, and, which they provide, unless told by such will, to that extent only, be severed from 1. Interpretation binding upon them, and by the buyers Conditionally Refundable Registration subject to receipt of payment in cleared parties that they do not want to receive the remaining terms, which will continue 1.1 The definitions in this clause and those completing Registration, and JOHN PYE Fee from JOHN PYE & SONS or, they funds, JOHN PYE & SONS will then the this information by ticking the ‘opt out’ to be valid to the fullest extent permitted definitions set out in the Common & SONS accepting the sellers’ property may request in writing that JOHN PYE & sale memorandum to the buyer, seller, box on the email you receive, or by by law. Auction Conditions apply in these Extra for auction, these Terms are deemed SONS keep the Conditionally Refundable the buyer’s solicitors (provided JOHN ticking the relevant box on the relevant 8.2 If or to the extent that any of these Auction Conduct Conditions (‘Terms’): accepted and incorporated into all Registration Fee against future auctions PYE & SONS are provided with such web page. Terms (as amended from time to time in dealings as between the relevant parties. which the potential buyer may “Anti-Money Laundering Information” details) and seller’s solicitors. All 7.2 The buyers and sellers acknowledge and writing by JOHN PYE & SONS) are participate in, and make them a means the provision of 2 pieces of required payments will be settled in full agree that JOHN PYE & SONS may pass Terms to which any of the provisions of registered ‘regular customer’ of JOHN identification for anti-money laundering 2. Entry into Auction and before the sale memorandum is sent their details to credit reference agencies, the Unfair Contract Terms Act 1977 or PYE & SONS provided they adhere to bi- purposes – these must include 1 piece 2.1 JOHN PYE & SONS sell as agents for the to the buyer, seller and the buyer’s solicitors and other third parties where the Supply of Goods and Services Act annual requests for identification. of photo identification (a passport or seller and as such are not responsible for solicitors and seller’s solicitors and will legally required. 1982 or any subsequent modification or driver’s licence for example) and a utility 4.3 Following the contract date, a buyer may be in sterling (GBP) by way of online 7.3 Within this clause, “Data Protection Act” re-enactment thereof apply then such any default by seller. bill including the buyer’s/seller’s (as choose to recover their Conditionally payment only through Sage Pay or as means the Data Protection Act 1998 and Terms shall be enforceable only to the appropriate) home address which cannot 2.2 JOHN PYE & SONS reserve the right to Refundable Registration Fee from JOHN otherwise specified in the catalogue “Data Controller”, “Data Processor” and extent permitted by those Acts or their be dated older than 3 months; refuse to accept any Registration if any PYE & SONS or, they may request in within 24 hours following issue of the “Personal Data” have the same meanings subsequent modification or re-enactment of the elements of Registration are not writing that JOHN PYE & SONS keep “Appointment” means the appointment buyer’s payment invoice. All queries in as in that Act. and these Terms shall be construed acceptably completed. JOHN PYE & the Conditionally Refundable of JOHN PYE & SONS by the seller relation to methods of payment must be 7.4 Where JOHN PYE & SONS is Data accordingly. SONS reserve the right to refuse to Registration Fee against future auctions pursuant to the Appointment Letter. made to JOHN PYE & SONS accounts Controller and it permits access to the 8.3 If JOHN PYE & SONS fails, at any time accept any Anti-Money Laundering which the potential buyer may department and unless otherwise agreed Personal Data to the buyer (and/or while these Terms are in force, to insist “Appointment Letter” means the letter Information in the event it is not satisfied participate in, and make them a by JOHN PYE & SONS, the timing seller) then the buyer (and/or seller) shall that the Seller and/or Buyer perform prepared by JOHN PYE & SONS, setting as to its authenticity or acceptability. In registered ‘regular customer’ of JOHN required under these Terms for payment be the Data Processor in respect of such their obligations under these Terms, or if out the Services, the remuneration the event that the Anti-Money PYE & SONS provided they adhere to bi- is of the essence, and will under no Personal Data and shall comply with any JOHN PYE & SONS does not exercise arrangements and other terms and Laundering Information is not annual requests for identification. A circumstances be adjusted further for a instructions issued by JOHN PYE & any of its rights or remedies under these conditions that form part of the acceptable or provided, JOHN PYE & Buyer may not use their Conditionally Appointment. failure on the part of the buyer to make SONS. Terms, that will not mean that JOHN SONS will not (as applicable) send or Refundable Registration Fee against their the necessary enquiries and preparations PYE & SONS has waived such rights or “CAC’s” means The Royal Institution of 7.5 If any party is a Data Processor of sign the sale memorandum and the deposit or buyer’s premium. in order to pay the buyer’s premium remedies and will not mean that the Chartered Surveyors Common Auction ‘buyer’s payment will not be accepted Personal Data, that party shall: 4.4 Persons participate in the online auctions and/or price. seller and/or buyer does not have to Conditions (third edition). and in addition to the provisions of the 7.5.1 only process Personal Data in at their own risk and, subject to 5.2 In respect of telegraphic transfers, the comply with those obligations. If JOHN “Conditionally Refundable Registration CAC (as amended), the Buyer will lose accordance with the requirements of the condition 6.2 below, neither the seller remitting bank must include the invoice PYE & SONS do waive a default by the Fee” means the fee paid by the potential the Conditionally Refundable Data Protection Act; nor JOHN PYE & SONS will be number, and any other reference as seller and/or buyer that will not mean buyer upon Registration of either £2000 Registration Fee. 7.5.2 process Personal Data to the extent, and individually or collectively responsible shown in the catalogue, or as otherwise that JOHN PYE & SONS will or £500 as notified by JOHN PYE & in such manner, as is necessary for the 2.3 Unless otherwise agreed by JOHN PYE for any loss or damage whatsoever notified by JOHN PYE & SONS. automatically waive any subsequent SONS upon Registration. provision of the auction services (In the & SONS in writing, JOHN PYE & SONS occasioned to any person or property default by the seller and/or buyer. No case of JOHN PYE & SONS) and/or its “JOHN PYE & SONS” means John Pye will not accept a lot without the due to anything which may be present on waiver by JOHN PYE & SONS of any of 6. Buyer’s Default obligations under these Terms or as is and Sons Limited trading as John Pye information and documentation set out the auction site. these Terms shall be effective unless Property and John Pye Auctions. in its Appointment Letter. 6.1 If the buyer does not honour its required by law or any regulatory body; 4.5 JOHN PYE & SONS shall have the right, JOHN PYE & SONS expressly says that “Registration” means: obligations for payment of the buyer’s 7.5.3 implement appropriate technical and it is a waiver and JOHN PYE & SONS tell at its discretion, to refuse participation in payment then JOHN PYE & SONS as (i) the payment by the potential buyer organisational measures to protect the buyer and seller so in writing. 3. Basis of Sale the online auctions by any person. agents of the seller shall at its absolute of the Conditionally Refundable Personal Data against unauthorised or 8.4 A person who is not party to these Terms 3.1 All lots are sold ‘as they lie’ with all faults 4.6 The catalogue will be made available to discretion and without prejudice to any Registration Fee electronically in cleared unlawful processing and against shall not have any rights under or in and imperfections and errors of potential buyers on JOHN PYE & SONS other rights it may have, be entitled to funds, or as otherwise notified by JOHN accidental loss, destruction, damage, connection with them under the description. Illustrations in catalogues or website www.johnpye.co.uk/property exercise the remedies set out in the CAC PYE & SONS in the registration process; alteration or disclosure. These measures Contracts (Rights of Third Parties) Act brochures are for identification only. before the commencement of the (as amended)as well as retain the shall be appropriate to the harm which (ii) the completion of the relevant 1999. Buyers should satisfy themselves prior to auction. Conditionally Refundable Registration might result from unauthorised or registration form by the potential buyer. 8.5 These Terms shall be governed by sale as to the condition of each lot and 4.7 Anti-Money Laundering Information Fee. unlawful processing or accidental loss, English law and JOHN PYE & SONS, the “3-Minute Rule” means the rule which should exercise and rely on their own must be presented by a successful buyer 6.2 For the avoidance of doubt, nothing in destruction or damage to Personal Data seller and the buyer all agree to the stipulates that any person who bids judgment as to whether the lot accords to JOHN PYE & SONS before the these Terms limits JOHN PYE & SONS’ and to the nature of the Personal Data exclusive jurisdiction of the English online within the last 3 minutes of a with its description. Neither JOHN PYE auction has commenced or within, but liability, nor, where applicable, the which is to be protected; and specific lot closing time will instigate the courts. & SONS, their servants or agents will be no later than, 24 hours of a successful liability of the buyer or seller for: 7.5.4 not perform its obligations hereunder or automatic extension of the lot closing responsible for errors of description or bid (further to the process notified to (a) death or personal injury caused by as otherwise set out in these conditions time by an additional 3 minutes and so for the genuineness or authenticity of Buyers by JOHN PYE & SONS in the negligence; or in such a way as to breach any of its 9. Online terms of participation on for any such subsequent bids until a any lot. catalogue and the Buyers guide). The (b) fraud or fraudulent misrepresentation; or applicable obligations under the Data and sale winning bid is achieved. Anti-Money Laundering Information can 3.2 JOHN PYE & SONS has the right to Protection Act. 9.1 The provisions of all Terms above apply 1.2 Headings do not affect the interpretation be presented to John Pye & Sons’ staff at (c) any breach of the obligations implied by revise and amend these Terms from time 7.6 If the buyer or seller provides Personal to the sale of lots made through of these Terms. one of their four primary hubs section 12 of the Sale of Goods Act 1979 to time to reflect changes in market Data of any third party to JOHN PYE & www.johnpye.co.uk (the “Website”), and (Nottingham, Derby, Marchington or or section 2 of the Supply of Goods and 1.3 The headings of these Terms do not conditions affecting its business, changes SONS, it shall ensure that it has to the extent that such adjustments in Park Royal, London). Alternatively, Services Act 1982; or form part of the Terms. in technology, changes in payment permission to provide the Personal Data practical application of the Terms are buyers may request their solicitors to (d) losses for which it is prohibited by 1.4 Reference to writing or written in these methods, changes in relevant laws and for JOHN PYE & SONS’s use in warranted by virtue of the electronic provide Anti-Money Laundering section 7 of the Consumer Protection Terms includes faxes and e-mail unless regulatory requirements and changes in connection with the auction. medium of participation in any given Information to John Pye & Sons. John Act 1987 to limit liability; or otherwise notified by JOHN PYE & various systems’ capabilities. auction, so such adjustments shall be Pye & Sons reserve the right to refuse (e) any other matter for which it would be SONS. deemed made so to give full application acceptance of any Anti-Money illegal or unlawful to exclude or attempt 1.5 If any of these Terms are inconsistent to all relevant and applicable Terms. 4. Conduct of the Auction Laundering Information. to exclude liability. with any other term of the CAC’s (as 9.2 All participants in the Website auctions 4.1 For the avoidance of doubt, the parties to 4.8 The 3-Minute Rule shall operate as amended), these Terms shall prevail. warrant that they are of legal age and the contract of sale of the lot set on the necessary during the online auction. contract date are the buyer and the seller. legally capable of entering into binding contracts. Head Office Nottingham
JOHN PYE & SONS LIMITED
Trading as
- John Pye Auctions - John Pye Vehicles - John Pye Property - John Pye Business Assets - John Pye Luxury
James Shipstones House Radford Road Nottingham NG7 7EA Tel 0115 970 60 60
johnpye co uk
Please note John Pye Auctions’ and John Pye Property’ are both trading names of John Pye & Sons Ltd Information is also available on www johnpye com Copyright John Pye & Sons 2010 John Pye & Sons Ltd, Registered Office James Shipstone House, Radford Road, New Basford, NOTTINGHAM NG7 7FQ Registered Company Number 02564753