AUCTION THURSDAY 25th MAY 2017 11:00 AM
LOCATION ASTON VILLA FOOTBALL CLUB VILLA PARK BIRMINGHAM B6 6HE
0121 247 2233 [email protected] www.cottons.co.uk 25th MAY 2017 25th MAY Important notice to be read by all bidders 7. We the Auctioneers may refuse to accept a bid. We do not have to explain why. If there is a dispute over bidding we are entitled to resolve it and our decision is final. Unless Condition of Sale stated otherwise, each lot is subject to a reserve price. If no bid equals or exceeds that reserve price the lot will be withdrawn from the auction. The seller may bid (or ask us Each Property/Lot will, unless previously withdrawn, be sold subject to the special and or another agent to bid on the seller’s behalf) up to the reserve price but not make a bid general conditions of sale which have been prepared by the Vendors Solicitors. These equal to or exceeding the reserve price. You accept that it is possible that all bids up to conditions are available for inspection prior to the auction sale at the Vendors Solicitors the reserve price are bids made by or on behalf of the seller. and Auctioneers offices and online at www.cottons.co.uk and will also be available for inspection in the sale room on the day of the auction, but they will NOT then be read. 8. At the fall of the hammer the property is legally sold and the purchaser is liable for insuring the property they have purchased under the terms of the auction contract. The The purchaser shall be deemed to bid upon these terms whether they have inspected the Auctioneers can arrange through their special ”Auction Block Policy” insurance cover for conditions or not 28 days from the auction date. This insurance is subject to receipt of instructions from Auctioneers Advice the purchaser within 30 minutes of the sale, and subject to normal underwriting criteria. If your bid is successful, you will have entered into a binding contract to purchase that 9. At the fall of the hammer, the successful bidder must immediately present to the particular Lot. It is therefore important that you consider the following: Auctioneers staff their name, address and solicitors details, and if bidding on behalf of a third party, the name and address of the person or company, on whose behalf they have 1. It is important for you to view the property and satisfy yourself as to the condition, been bidding. Proof of identity is required, so ensure that you bring with you a Driving obtaining any Surveyors reports you may feel appropriate. Viewing arrangements for each Licence, Passport or other acceptable form of identification. Lot are shown in the catalogue. Inspection of investment properties, is by courtesy of the tenant(s) and full consideration should be given to their occupancy. 10. The successful bidder will be required to sign a contract and to deposit 10% of the purchase price or successful bid before leaving the auction room. If the purchaser fails to 2. It is assumed that interested parties have carefully inspected the relevant properties comply with this condition, the money deposited, in part payment or the full purchase and made appropriate pre-contract searches and enquiries. You are advised to instruct price, if this has been paid by the purchaser, shall be forfeited and any or all of the Lots your legal adviser to make these enquiries on your behalf. It is strongly recommended may, at the discretion of the Auctioneers, be re-sold by public or private sale and any that prospective purchasers check the Auction particulars to satisfy themselves of the deficiency, together with all costs, attending such a re-sale, shall be made good by the accuracy of all measurements, descriptions, statements etc and to confirm for their defaulter at this sale. own purpose, any fixtures, fittings or contents present in the property, which are to be included or excluded from the sale. All measurements and areas referred to in 11. If any question should arise, not provided for in any of the conditions, the these particulars are approximate only. Neither the Auctioneers nor the Vendor(s) Auctioneers shall decide the same and their decision shall be final. are responsible for errors in description of any Lot or for any fault or defect, giving no warranty whatsoever, the buyers being held to have satisfied themselves as to 12. The Auctioneers reserve the right to photograph successful bidders for security the condition and description of the Lots before bidding. All information relating to purposes. investment properties has been provided by the vendors or agents acting on their 13. The successful bidder will be required to pay an Administration Fee of £850 behalf and whilst deemed to be accurate the auctioneers can provide no guarantees to (inclusive of VAT), in addition to the 10% deposit (subject to a minimum deposit of this effect. All interested parties must satisfy themselves that the tenancy information £2000), being payable on each lot purchased whether purchasing prior, during or after contained within the auction catalogue is correct and bid on this basis. auction, except for Lots with a purchase price of £10,000 or less, then the fee will be 3. The Auctioneers and/or Vendor(s) reserves the right to sell or withdraw any lot prior £250 (inclusive of VAT). to the auction sale and cannot be held responsible for any abortive costs, losses or 14. Value Added Tax: It is the responsibility of all bidders to inspect the legal packs and damages of a prospective purchaser. We would strongly recommend that you telephone make their own enquires relating to whether or not VAT will be charged in addition to on the day prior to the auction sale to confirm that the property you are interested in, the purchase price for a particular Lot. is still for sale. 4. Some lots may be subject to last minute changes or corrections given on the day of 15. If you have never been to an auction or require more information about a particular the auction by way of addendum. Lot, you are welcome to contact our office with any enquiries which you may have. All bidders are reminded that it is their responsibility to inspect the legal packs to satisfy 5. The Auctioneers provide no guarantee nor have they tested any of the services, themselves that they are fully aware of all terms and conditions including any Auctioneers sanitary fitments, drains and any other pipework, appliances, heating systems and electrical or Solicitors fees/costs and Disbursements for which they are responsible, completion fitments. Prospective purchasers are advised to undertake their own investigations. dates and other relevant matters that they will be obliged to comply with once they 6. It is important that any finance arrangements are made well in advance of the auction have successfully purchased the property. The auctioneers assume that by bidding for a date, as you will normally be expected to complete the sale within 28 days thereafter. property you have made all appropriate enquiries. IMPORTANT NOTICE with required identification documents for both the successful bidder and for the third party, together with the third party’s written authority under All Bidders must arrive at the Auction with the required Identification which the bid has been made. Documents and an appropriate means of Deposit Payment. Full details are outlined below. If you fail to comply with these requirements, we will If bidding for a company evidence of the company’s incorporation, be unable to register you for Bidding. directorships and required identification documents for the authorised officer together with written authority to bid should be provided. Proceeds of Crime Act 2002/ The successful bidder will be required to sign a contract and to deposit Money Laundering Regulations 2003 10% of the purchase price or successful bid and pay the auctioneer’s administration fee before leaving the auction room. Money Laundering Regulations were introduced by the Government from 1st March 2004 governing the way in which auction deposits are taken. If you have questions regarding deposit payment or relating to the documentation required, then please do not hesitate to contact the To comply with this Act, we require all purchasers to pay their deposit by auction department prior to the sale day. any of the following methods: • Bank/Building Society Draft Misrepresentation Act • Personal/Company Cheque (All cheques must The Auctioneers for themselves and for the Vendors or Lessors of the be accompanied by a Bank/Building Society property, whose agents they are, give notice that: statement showing proof of funds) 1. The particulars are set out as a general outline only for the guidance • Debit/Credit Card Payments of intending purchasers or lessees, and do not constitute nor constitute part of any offer or contract. All purchasers are requested to ensure that cleared funds are available on 2. All descriptions, dimensions, references to conditions and necessary the day of the auction which may entail a transfer of funds to their bank permissions for use and occupation and any other details are given in account three days before the auction. good faith and are believed to be correct. Any intending purchasers or tenants should not rely on them as statements or representations of Credit card or Business card Payments fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Payment by credit card or debit card is acceptable. For payments by credit 3. No person in the employment of the Auctioneers has authority to card or by a card linked to a business or corporate account a 2.00% make any or give any representation or warranty whatever in relation to surcharge is payable. these properties. Please note we only accept Visa and MasterCard. All cards must be Chip & Pin enabled. Definition Definition of Guide Prices ID The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to All purchasers will be required to provide proof of both their Identity assist prospective purchasers. The guide price can be adjusted by the seller at and Current Address. We require that all parties intending to bid for any any time up to the day of the auction in light of the interest shown during the properties, must bring with them the following items: marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered. • Full UK Passport or Photo Driving Licence (for identification) Definition of Reserve Price • Either a Recent Utility Bill, Council Tax Bill or Bank The reserve price is the seller’s minimum acceptable price at auction and the Statement (as proof of your residential address) figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between Third Party Bidding the auctioneer and the seller prior to the auction sale. Whilst the reserve If bidding on behalf of a third party, the bidder must provide the name price is confidential it will usually be set within the quoted guide range and in and address of that third party on whose behalf they are bidding, together any event will not exceed the highest quoted guide price. A COLLECTIVE AUCTION SALE of 36 LOTS Order of Sale Comprising of a range of Residential and Commercial, Vacant and Investment properties, Freehold Ground Rents, Land and Development Opportunities. By instruction of a variety of Vendors including, Solicitors, Joint Property Agents, Companies and Private Clients.
1 27 NORWICH ROAD, WALSALL, WS2 9UR Freehold Vacant Residential 30 52 CHURCHFIELD AVENUE, TIPTON, DY4 9NF Leasehold Vacant Residential
2 52 PROSSER STREET, WOLVERHAMPTON, WV10 9AR Freehold Vacant Residential 31 90 CHELMSFORD COURT, NASH SQUARE, B’HAM, B42 2EX Leasehold Vacant Residential
3 51 BARLOW ROAD, WEDNESBURY, WS10 9QB Freehold Vacant Residential 32 3 ROSEMARY LANE, MADLEY, HEREFORD, HR2 9LS Freehold Vacant Residential
4 22 ALLEN CLOSE, GREAT BARR, B’HAM, B43 5PT Leasehold Vacant Residential 33 41 SLADEFIELD ROAD, ALUM ROCK, B’HAM, B8 3PF Freehold Vacant Residential
5 32 BARKER STREET, OLDBURY, B68 9UQ Freehold Vacant Residential 34 2 DEVONSHIRE DRIVE, WEST BROMWICH, B71 4AA Freehold Vacant Residential
6 BUILDING PLOT 17 JOHNSON STREET, B’HAM, B7 5PX Freehold Building Plot 35 44 GREENHILL ROAD, HANDSWORTH, B’HAM, B21 8DY Freehold Vacant Residential
7 19 REDHALL ROAD, DUDLEY, DY3 2NU Freehold Vacant Residential 36 33 MUNTZ STREET, SMALL HEATH, B’HAM, B10 9SN Freehold Vacant Residential
8 63 WALLACE ROAD, BILSTON, WV14 8BW Freehold Vacant Residential
9 29 UNETT STREET, BIRMINGHAM, B19 3BP Leasehold Residential Investment Auctioneers Andrew J. Barden MRICS, FNAVA, John Day FRICS, FNAVA, 10 9 STAR CLOSE, BENTLEY, WALSALL, WS2 0LU Freehold Vacant Residential Kenneth F. Davis FRICS
11 600 PARKFIELD ROAD, WOLVERHAMPTON, WV4 6EL Freehold Vacant Residential Valuers: Ian M. Axon, Stuart R. Tullah FNAVA, Stephen, D. Sutton B.Sc. (Est.Man.) FRICS, Dan O’Malley B.Sc. (Hons.) HND
12 89 ROUND ROAD, ERDINGTON, B’HAM, B24 9SJ Leasehold Vacant Residential Auction Manager: Sue Worrall
13 THE OLD FARMHOUSE, ASHFLATS LANE, STAFFORD, ST18 9BP Freehold Vacant Residential Auction Team: Richard Longden B.Sc. (Hons.) MRICS, Nada Turton B.A, Julie Murphy, Sharron Sheldon, Mark Cullen, Jason Coombes B.A, 14 11 WAYFIELD CLOSE, SHIRLEY, SOLIHULL, B90 3HH Freehold Residential Investment Andrew Smith, Nick Burton, Richard Gaines, Kevin Hogan, 15 21 EIGN GATE, HEREFORD, HEREFORDSHIRE HR4 0AB Freehold Vacant Commercial Trish Doyle.
16 94 PARKES STREET, SMETHWICK, B67 6BH Freehold Vacant Residential 17 73 SOMERSET RD, HANDSWORTH WOOD, B’HAM, B20 2JF Freehold Residential Investment IMPORTANT NOTICE 18 86 DINGLE STREET, OLDBURY, B69 2DY Freehold Vacant Residential FOR PURCHASERS AT AUCTION All Bidders must arrive at the Auction with the required 19 73 BURLINGTON ROAD, WEST BROMWICH, B70 6LE Freehold Vacant Residential Identification Documents and appropriate means of Deposit Payment. If you fail to comply with these requirements, you 20 34 SYCAMORE ROAD, WEDNESBURY, WS10 0BG Freehold Vacant Residential will be unable to bid. ID REQUIREMENTS 21 111 NEACHELLS LANE, WOLVERHAMPTON, WV11 3PP Freehold Vacant Residential • Full UK Passport or Photo Driving Licence • Recent Utility Bill, Council Tax Bill, or Bank Statement 22 LAND AT AYLESBURY ROAD, HOCKLEY HEATH, B94 6PJ Freehold Land (not a mobile phone bill)
23 49 MOOR POOL AVENUE, HARBORNE, B’HAM, B17 9DT Freehold Vacant Residential DEPOSIT/PAYMENT METHODS • Bank/Building Society Draft • Personal/Company Cheque 24 ADDRESS REMOVED - NOT OFFERED FOR SALE Withdrawn from Auction • Debit/Credit Card A surcharge of 2.00% is payable for all credit cards and any card associated 25 FGR 3 WHITMINSTER CLOSE, WILLENHALL, WV12 4ER Freehold Ground Rent with a business account
26 FGR 10 RAYMOND CLOSE, WALSALL, WS2 7AG Freehold Ground Rent Please note we only accept Visa and MasterCard All cards must be Chip & Pin enabled 27 FGR 16 RAYMOND CLOSE, WALSALL, WS2 7AG Freehold Ground Rent AUCTIONEER’S ADMINISTRATION FEE 28 23 CHARTERS AVE, CODSALL, WOLVERHAMPTON, WV8 2JH Freehold Vacant Residential Immediately following your successful auction bid you are required to pay the auctioneer’s administration charge as detailed in the auction catalogue 29 4 CHURCHFIELD AVENUE, TIPTON, DY4 9NF Leasehold Vacant Residential 1 NEXT AUCTION 13TH JULY 2017
IMPORTANT NOTICE RELATING TO FEES / COSTS / CHARGES PAYABLE BY THE BUYER IN ADDITION TO THE PURCHASE PRICE
AUCTION ADMINISTRATION FEE
All buyers will be required to pay an Auction Administration Fee of £850 (Inclusive of VAT) payable on each Lot purchased whether purchasing prior, during or after auction, except for Lots with a purchase price of £10,000 or less, in which case the fee will be £250 (Inclusive of VAT).
ADDITIONAL FEES / COSTS / CHARGES
Additional Fees / Costs / Charges MAY be payable by the buyer in addition to the purchase price. These MAY include sellers search costs/disbursements, reimbursement of sellers solicitors & auctioneers costs, outstanding service charge, ground rent payments, rent arrears / apportionment of rent, Value Added Tax (VAT), Stamp Duty, etc. and all prospective purchasers are advised to inspect the Legal Documents including the Sale Contract / Special Conditions and seek their own independent legal advice as to the full cost of purchasing a specific property.
It is assumed all bidders have inspected the Legal Packs available on our website and in the Auction Room prior to bidding and are fully aware of all terms and conditions including any Fees / Costs / Charges for which they are responsible, completion dates and other relevant matters that they will be obliged to comply with, once they have successfully purchased the property.
2 CLOSIN DATE 1 TH JUNE 2017
reehold acant Possession LOT 1 Guide Price: 65,000 - 70,000 (Fees)
27 Norwich Road, Walsall, West Midlands WS2 9UR
Property Description: Acco odation A three bedroom semi-detached property of round loor brick construction surmounted by a tiled roof Entrance Porch, Entrance Hallway, Lounge, set back from the road behind a lawned irst loor foregarden and paved driveway allowing for Landing, Three Bedrooms and Bathroom off road parking. The property benefits from having panelled bath, wash basin and Separate UPVC double glazing, gas fired central heating WC and the potential for further off road parking to the rear accessed via a service road. Outside: Norwich Road is located off Primley Avenue ront Lawned foregarden and paved which in turn can be found off driveway allowing for off road parking Wolverhampton Road (A454). The property Rear Patio with lawned garden, brick built is within approximately three quarters of a store x 2 and garage located to the rear with mile distance from Junction 10 of the M6 the potential for off road parking via a service Motorway. road
Le al Docu ents: iewin s Available at www.cottons.co.uk Via Cottons - 0121 247 2233
DEPOSITS AND ADMINISTRATION FEE
On the fall of the hammer the successful bidder will be deemed to have legally purchased the lot and will be required to pay a deposit representing 10% of the purchase price (subject to a minimum of £2000) and in addition an Administration fee of £850 (inclusive of VAT) being payable on each lot purchased whether purchasing prior, during or after auction, except for lots with a purchase price of £10,000 or less then the fee will be £250 (inclusive of VAT). All bidders must ensure that when arriving inthe sale room that they have sufficient means to pay the required monies should their bid be successful.
Auction deposits may be paid by the following methods
Debit/Credit Card Payment by credit card or debit card is acceptable. For payments by credit card or by a card linked to a business or corporate account a 2.00% surcharge is payable.
Personal/Company Cheque/Bank or Building Society Draft (cheques payments must be accompanied by a Bank/Building Society Statement showing proof of funds)s)
All purchasers are requested to ensure that cleared funds are available on the day of the auction which may entail a transfer of funds to their bank account three days before the auction.
If you need any help please contact the Auction Team Tel 0121 247 2233
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Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant Mid Terraced House LOT 2 Guide Price: 35,000 - 40,000 (Fees)
2 Prosser Street, Wol erha pton, West Midlands W 10 9AR
Property Description: irst loor A traditional mid terraced house of brick construction Stairs and Landing, Bedroom One (double), Bedroom surmounted by a pitched replacement tile clad roof, Two (double), Bathroom with bath only. benefiting from mostly UPVC double glazed windows and gas fired central heating but requiring improvement Outside: and repair throughout. Rear: Paved rear garden and brick store Le al Docu ents: Prosser Street forms part of a traditional residential Available at www.cottons.co.uk area and leads directly off Cannock Road (A460) conveniently within approximately two thirds of a mile iewin s: to the north east of Wolverhampton City Centre. Via Cottons - 0121 247 2233 Acco odation: round loor Reception Hall, Front Reception Room, Rear Reception Room, Extended Dining Kitchen (no fitments), Cloak Room with wc and wash basin, Covered Rear Entrance
reehold acant Three edroo Se i Detached House LOT 3 Guide Price: 6 ,000 - 7 ,000 (Fees)
1 arlow Road, Wednes ury, West Midlands WS10 9
Property Description: A semi detached house of rendered brick construction surmounted by a pitched tile clad roof, occupying a large plot set back behind a deep forecourt and driveway and benefiting from mostly UPVC double glazed windows, gas fired central heating and three bedrooms. The property provides well laid out accommodation and forms part of a predominantly residential area and Barlow Road leads off Myvod Road which in turn leads off Wood Green Road (A461) and the property is conveniently located within half a mile from both the M6 Motorway (Munction ) and Gallagher Retail Park located on Axletree Way. Wednesbury Town Centre is located approximately one mile to the south west. Acco odation: round loor Entrance Hall, Through LoungeDining Room, Kitchen with a range of fitted units, Rear Entrance Hall with store and separate toilet. irst loor Stairs and Landing, Three Bedrooms, Bathroom with panelled bath having electric shower over and pedestal wash basin, Separate Toilet with wc Outside: Front: Large foregarden and a long driveway providing off road parking Rear: Pedestrian side access to a patio area and large garden. Le al Docu ents: Available at www.cottons.co.uk iewin s: Via Cottons - 0121 2472233
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Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
Leasehold acant Maisonette LOT Guide Price: 45,000 - 50,000 (Fees)
22 Allen Close, reat arr, ir in ha , West Midlands 3 PT
Property Description: enclosure, wash basin and wc, Kitchen with a A ground floor purpose built maisonette range of units and built in cupboard, Double forming part of a two storey development and Bedroom providing well laid out accommodation, Outside: benefiting from gas fired central heating, Front: Walled foregarden UPVC double glazed windows and rear Rear: Yard with covered rear entrance and garden. garden Allen Close comprises a cul-de-sac and forms part of an established residential area and Leasehold In or ation leads off West Road which in turn leads off Lease Term: 125 years from 1st April 1 Spouthouse Lane and provides direct access Ground Rent: 10 per annum to both Hamstead Road (B4167) and Old Service Charge: Refer to legal pack Walsall Road (B4124). Le al Docu ents: Acco odation: Available at www.cottons.co.uk round loor iewin s: Entrance Hall, LoungeDining Room, Inner Via Cottons - 0121 247 2233 Hall, Shower Room with glazed shower
LEGAL PACKS
Once you have successfully bid for a property you have become the legal purchaser and are duty bound to complete within the contractual time scale. It is therefore your responsibility to consult your legal advisor and to have inspected the legal documentation which has been prepared for each lot by the vendor’s solicitors prior to the Auction.
8LI0IKEP4EGOMWEZEMPEFPIEXXLI%YGXMSRIIVWSJ½GIWERH[IFWMXIHYVMRK the marketing period and in the auction room on the sale day. &]FMHHMRK]SYEVIHIIQIHF]XLI%YGXMSRIIVWXSLEZIWEXMW½IH]SYVWIPJ in respect of all matters relating to that property.
If you need any help please contact the Auction Team Tel 0121 247 2233
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Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant Possession LOT Guide Price: 70,000 - 76,000 (Fees)
32 arker Street, Old ury, West Midlands 9U
Property Description: Outside: A mid-terraced property of brick ront : Walled foregarden construction surmounted by a tiled roof set Rear : Garden back from the road behind a walled Le al Docu ents: foregarden. The property benefits from having Available at www.cottons.co.uk UPVC double glazing and gas fired central heating. Barker Street is located off both iewin s: Warley Road and Rood End Road. Via Cottons - 0121 247 2233 Acco odation: round loor: Lounge, Dining Room, Kitchen Inner Lobby and Bathroom having panelled bath, wash basin and WC
irst loor: Two Bedrooms
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Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold uildin Plot Consent or a Detached Dwellin LOT Guide Price: 38,000 - 44,000 (Fees)
uildin Plot, 17 Johnson Street, ir in ha , West Midlands 7 PX
Property Description: Proposed Acco odation An opportunity to purchase a residential round loor building plot comprising a rectangular shaped Entrance Hall with Cloak Room having wash parcel of land extending to an area of basin and wc, Kitchen, LoungeDining Room approximately 166sq.mtrs (1,784sq.ft), irst loor situated directly fronting Johnson Street Stairs and Landing, Family Bathroom with adjacent to number 15 and having the benefit bath, wash basin and wc, Two Bedrooms of rear vehicular access located off a shared Outside: service road. Foregarden: Side access to rear garden with a The plot is offered with the benefit of full rear parking space consent for a two bedroom detached dwelling A copy of the Planning Consent and house with rear car parking and forms part of Architect s Drawings is available from either a predominantly residential area. the Auctioneers or Birmingham City Council Johnson Street comprises of a cul-de-sac Website. which leads off Trevor Street West which in Le al Docu ents: turn leads off Nechells Park Road and is Available at www.cottons.co.uk situated approximately one mile to the north iewin s: External Only east of Birmingham City Centre.
Plannin Formal Planning Consent was granted by Birmingham City Council, Ref: 201610688PA and dated 14th March 2017 for the erection of a detached dwelling house with associated rear car parking. The Architect s drawings submitted with the planning application and approved with the consent detailed a dwelling containing the following accommodation: Rear access or o road car parkin This plan is or identi ication purposes only. Please re er to the Le al Pack or con ir ation o the e act oundaries.
reehold acant Possession 3 edroo Detached House LOT 7 Guide Price: 110,000 - 120,000 (Fees)
19 Redhall Road, Lower ornal, Dudley, West Midlands DY3 2NU
Property Description: Le al Docu ents: A three bedroom detached property of brick Available at www.cottons.co.uk construction surmounted by a tiled roof set iewin s: back from the road behind a lawned Via Cottons - 0121 247 2233 foregarden and driveway giving access to garage and allowing for secure off road parking. The property does benefit from having double glazed windows however does require modernisation and improvement throughout. Redhall Road is located off Himley Road (B4176) and is within half a miles distance from the main shops and amenities located in Lower Gornal. Acco odation: round loor Entrance Hallway, Lounge, Kitchen and Garage, Stairs to
irst loor Landing, Three Double Bedrooms, Bathroom with panelled bath, wash basin and Separate WC
Outside: ront Lawned foregarden and paved driveway giving access to garage Rear Lawned garden 7
Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant Three edroo Se i Detached House LOT Guide Price: 59,000 - 69,000 (Fees)
3 Wallace Road, ilston, West Midlands W 1 W
Property Description: A semi detached house of two storey brick construction surmounted by a pitched interlocking tile clad roof providing well laid out accommodation, benefiting from off road car parking, gas fired central heating, mostly UPVC double glazed windows, three good sized bedrooms and large rear garden. Wallace Road forms part of an established residential area and leads off Bradley Lane which in turn leads off Great Bridge Road (A4098) and the property is located approximately one mile to the south of Bilston Town Centre. Acco odation: round loor Reception Hall, Bathroom with modern suite comprising panelled bath having shower attachment, wash basin and wc, Through LoungeDining Room, Kitchen with a range of fitted units irst loor Stairs and Landing, Cloak Room with wc, Bedroom One (double), Bedroom Two (double), Bedroom Three (single). Outside: Front: Tarmacadamed forecourt set behind a mature privet hedge providing off road car parking Rear: Pedestrian side gated access to side yard with a large rear garden.
Le al Docu ents: Available at www.cottons.co.uk iewin s: Via Cottons - 0121 2472233
RESIDENTIAL SSALESALES As well as assisting clients selling via auction, Cottons have a specialist Estate Agency team dedicated to marketing properties for sale on the open market via private treaty. Covering the whole of Birmingham we at Cottons are tailored to provide superior marketing methods and offer an extensive and diverse service to assist any client, regardless of their situation. For a no obligation market appraisal and for further information of the service we provide please contact our Estate Agency Manager, Dan O’Malley. 0121 247 4747 [email protected] Cavendish House, 359 - 361 Hagley Road, Edgbaston, Birmingham, B17 8DL www.cottons.co.uk
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Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
Leasehold In est ent Three edroo Duple Maisonette LOT 9 Guide Price: £70,000 - £75,000 (Fees)
29 Unett Street, ir in ha , West Midlands 19 3 P
Property Description: A three bedroom duplex maisonette situated on the second and third floors of a four storey purpose built building. The property is set back from the road behind communal gardens. The flat benefits from having UPVC double glazing and gas fired central heating. Unett Street is located off Well Street which leads directly off New John Street West (A4540) and the property is approximately on mile from Birmingham City Centre. The property is currently let on an Assured Shorthold Tenancy Agreement producing a rental income of £600 pcm (£7,200 per annum) Acco odation: round loor Communal Entrance with secure door entry Leasehold In or ation system access to stairs, Ter : 125 years from 16 March 1981 round Rent: £20.00 rising to £320.00 Second loor Ser ice Char e: Refer to Legal Pack Entrance Hallway, Lounge with balcony area, Kitchen, Stairs to Le al Docu ents:² Available at www.cottons.co.uk Third loor iewin s: Via Cottons ² 0121 247 2233 Having Three Bedrooms and Bathroom with panelled bath, wash basin and WC Outside: Communal Gardens
reehold acant Possession LOT 10 Guide Price: £60,000 - £65,000 (Fees)
9 Star Close, Walsall, West Midlands WS2 0LU
Property Description: Outside: An end townhouse of brick construction ront Lawned foregarden surmounted by a tiled roof set back from the Rear Lawned garden road behind a lawned foregarden. The property benefits from having UPVC double Le al Docu ents ² glazing and gas fired central heating, and Available at www.cottons.co.uk modern kitchen fitments. The property is offered for sale in presentable condition. Star iewin s Close is located off Wing Close which in turn Via Cottons ² 0121 247 2233 can be found off Poplar Avenue Acco odation: round loor Entrance Porch, Entrance Hallway, Lounge and KitchenDiner, Stairs to irst loor Landing, 2 Bedrooms and Bathroom with panelled bath, wash basin and WC
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Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant E tended Thrree edroo Terraced House LOT 11 Guide Price: £49,000 - £59,000 (Fees)
00 Park ield Road, Wol erha pton, West Midlands W EL
Property Description: An extended mid terraced house of traditional brick construction surmounted by a pitched replacement tile clad roof, benefiting from UPVC double glazed windows and external doors, gas fired central heating and a substantial ground floor extension to the rear providing extensive living accommodation. The property is situated close to the junction with Martin Street and Parkfield Road (A4039) leads directly to Birmingham New Road (A4126) which provides direct access to Wolverhampton City Centre and Ring Road being within approximately one mile to the north. Acco odation: round loor Entrance Hall, Front Reception Room, Inner Hall with access to Cellar, Large Rear Reception Room (extended), Breakfast Kitchen with a range of fitted units, Rear Entrance Hall, Bathroom with modern corner suite including panelled bath with shower attachment, pedestal wash basin and wc irst loor Stairs and Landing, Three Bedrooms Outside: Front: Small walled forecourt Rear: Pedestrian entry access to yardpatio and a good sized lawned garden iewin s: Via Cottons ² 0121 247 2233 Le al Docu ents: Available at www.cottons.co.uk
Residential Lettings LANDLORDS IS YOUR PROPERTY EMPTY??? Due to the recent high demand for rental property, we urgently require new properties to rent. We are an established regulated professional agent specialising in your area We are able to offer A professional service from an experienced agent Extensive marketing ZMEXLI9/´WPEVKIWX[IFWMXIWVMKLXQSZIERH½RHETVSTIVX]
Deposits registered with The Dispute Service Legal expenses and rent guarantee available Call now for your free market appraisal 10 0121 247 2299
Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
Leasehold acant Possession LOT 12 Guide Price: £94,000 - £98,000 (Fees)
9 Round Road, ir in ha , West Midlands 2 9SJ
Property Description: A mid-terraced property of brick construction surmounted by a tiled roof set back from the road behind a lawned foregarden. The property has been refurbished throughout and includes UPVC double glazing, gas fired central heating with newly installed combination boiler, newly fitted modern kitchen and bathroom fitments, full electrical rewire, new carpets and flooring throughout and re plastering works. The property is located on Round Road close to the junction with both Birches Green Road and Fir Tree Road both of which can be found off Kingsbury Road Acco odation: round loor Lounge, Inner Lobby with door to rear, Kitchen, Stairs to irst loor 3 Bedrooms and Bathroom having panelled bath, shower cubicle, wash basin and WC Outside: ront Lawned foregarden Rear Garden
Leasehold In or ation Ter 99 years from 1st May 1988 round Rent Refer to legal pack
Le al Docu ents ² Available at www.cottons.co.uk iewin s Via Cottons ² 0121 247 2233
Once you have successfully bid for a property you will be required to present the Auctioneers with the following ID: *YPP9/4EWWTSVXSV4LSXS(VMZMRK0MGIRGI *SVMHIRXM½GEXMSR Plus a Recent Utility Bill, Council Tax Bill or Bank Statement EWTVSSJSJ]SYVVIWMHIRXMEPEHHVIWW All bidders are required to register with ourselves prior to the commencement of the auction and would request [LIVITSWWMFPIXLEXTSXIRXMEPTYVGLEWIVWZMWMXSYVSJ½GIW along with the necessary ID and pre-register. Thank you in advance for your co-operation. If you need any help please contact the Auction Team Tel 0121 247 2233 11
Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
LOT 13
The Old ar house, Ash lats Lane, Sta ord, Sta ordshire ST1 9 P
Property Description: Plannin A substantial detached property of brick The property benefits from having Planning Consent construction surmounted by a tiled roof set back (Ref 1624802FUL) granted by Stafford Borough from the road behind lawned gardens with gated Council on the 26th October 2016 for the erection access allowing for off road parking and access to a of a replacement dwelling and associated triple garage. The property itself occupies a plot landscaping. A copy of the planning documents and extending to approximately a third of an acre. The architects drawings are available for inspection at the property requires modernisation and improvement Auctioneers Office and on line at throughout. The property benefits from having a www.staffordbc.gov.uk separate annex providing additional accommodation. The property also has Planning Permission granted in Proposed Acco odation full by Safford Borough Council for the demolition of ase ent the existing building and the erection of a Having CinemaGames Room, Wine Cellar, Storage, replacement dwelling and associated landscaping. Plant Room and WC The property is located on Ashflats Lane which gives direct access and is within approximately one miles round loor distance from the Village of Copenhall, the property Entrance Hallway, Lounge, KitchenDining itself is approximately two and a half miles from the RoomFitting Room, Utility Room, Music Studio centre of Stafford Room, Storage and WC, Stairs to Acco odation: irst loor E istin uildin Having Master Bedroom with en-suite bathroom, round loor Bedroom 2 with en-suite bathroom, Bedroom 3 Entrance Hallway, Lounge, Reception Room, Dining with en-suite bathroom, Bedroom 4, Store Room, Cellar, KitchenDiner, Utility and WC, Stairs Cupboard and Family Bathroom irst loor Landing, 4 Bedrooms and 2 Bathrooms (both Outside bathrooms having panelled bath, wash basin and Gardens and Parking WC) Separate Anne Le al Docu ents ² Entrance Hallway, Open Plan Lounge, Bedroom and Available at www.cottons.co.uk Kitchen, Bathroom having panelled bath, wash basin and WC iewin s Outside Via Cottons ² 0121 247 2233 lawned gardens with gated access allowing for off 12 road parking and access to a triple garage.
Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold acant Detached ar house With Plannin *Guide Price: £240,000 - £260,000 (+Fees)
This plan is or identi ication purposes only. Please re er to the Le al Pack or con ir ation o e act site oundaries.
Proposed Plans Proposed Plans 13
Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold Residential In est ent LOT 1 *Guide Price: £218,000 - £228,000 (+Fees)
11 Way ield Close, Shirley, Solihull, West Midlands, 90 3HH
Property Description: Outside: A three-bedroom, semi-detached property of brick ront: Lawned foregarden and tarmacadam covered construction, surmounted by a tiled roof, set back driveway, giving access to garage. from the road behind a lawned foregarden and Rear: Lawned garden. tarmacadam covered driveway, allowing for off-road parking and access to garage. Le al Docu ents: The property benefits from having UPVC double Available at www.cottons.co.uk glazing and gas-fired central heating. The property is currently let on an Assured iewin s: Shorthold Tenancy Agreement, producing a rental of Via Cottons - 0121 247 2233 £750 per calendar month (£9,000 per annum). Wayfield Close is located off Wayfield Road which, in turn is found off Solihull Road. The property is within walking distance to the main shops and amenities located on the Stratford Road in Shirley.
Acco odation: round loor Entrance Hallway, Lounge, Kitchen, Stairs. irst loor Three Bedrooms and Bathroom, having panel bath with shower over, wash basin and wc.
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Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold acant City Centre Restaurant ar Pre ises LOT 1 *Guide Price: £100,000 - £120,000 (+20 VAT) (+Fees)
21 Ei n ate, Here ord, Here ordshire, HR 0A
Property Description: Second loor iewin s: A three-storey, mid-terraced Restaurant/Retail Stairs to staff living accommodation. Double Via Cottons - 0121 247 2233 premises of traditional brick construction, currently Bedroom, Kitchen, Lobby, Shower Room with Le al Docu ents: arranged as a Restaurant/Bar to the ground and first glazed shower enclosure, wc and wash basin and Available at www.cottons.co.uk floors with staff living accommodation to the second Lounge: 37.88 sq m (408 sq ft). floor. The property provides flexible and open-plan Outside dining/retail space and may be suitable for a variety Rear access to West Street for loading/unloading of uses. (subject to annual licence fee of £500 + Vat) The property directly fronts the pedestrianised High Total ross Internal Area: 1 3. s 1,7 Street, close to the junction of Broad Street and in s t the heart of Hereford City Centre, and contains a variety of multiple retailers. Acco odation: round loor Restaurant seating area with bar: 68.66 sq m (739 sq ft), Kitchen, with a range of stainless steel fitments and extraction: 16.39 sq m (176 sq ft), passageway to rear fire escape, Toilet, with wc and wash basin. irst loor Stairs and Landing, Restaurant seating area: 40.95 sq m (440 sq ft).
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Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant Possession LOT 1 *Guide Price: £85,000 - £90,000 (+Fees)
9 Parkes Street, S ethwick, West Midlands 7 H
Property Description: Outside: A mid terraced property of brick ront Walled foregarden construction surmounted by a tiled roof set Rear Garden back from the road behind a walled foregarden. The property benefits from having Le al Docu ents: UPVC double glazing and gas fired central Available at www.cottons.co.uk heating. Parkes Street is located off both Westfield Road and The Uplands iewin s: Via Cottons - 0121 247 2233 Acco odation: round loor Lounge, Dining Room, Kitchen, Stairs to
irst loor 2 Double Bedrooms and Bathroom having panelled bath, wash basin and WC
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Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold In est ent Property i e lats Producin 30,300 Per Annu LOT 17 *Guide Price: £280,000 - £295,000 (+Fees)
73 So erset Road, Handsworth Wood, ir in ha , West Midlands, 20 2J
Property Description: Acco odation A three-storey, semi-detached property of brick round loor construction, surmounted by a tiled roof, set back Communal Entrance Hallway: from the road behind a walled foregarden. Flat 1, Living Room, Kitchen, Bedroom and Bathroom, with panel bath with shower over, wash The property has been converted to provide five basin and wc. separate self-contained flats and each flat benefits Flat 2, Open plan Kitchen/Lounge, Bedroom with en- from being separately metered and having UPVC suite shower cubicle, wash basin and wc, Bathroom double glazing, electric radiators and modern kitchen having panel bath with shower over, wash basin and and bathroom fitments. separate wc.
Somerset Road is located off both Handsworth irst loor Wood Road (B4124) and College Road. The Flat 3, Lounge/Bedroom, Kitchen and Bathroom with property is fully let and currently produces £2,525 panel bath with shower over, wash basin and wc. per calendar month (£30,300 per annum). A Flat 4, Lounge/Bedroom, Kitchen and Bathroom with Schedule of Tenancies are detailed below. panel bath with shower over, wash basin and wc.
Schedule o Tenancies Second loor lat 1: Let on an Assured Shorthold Tenancy Flat 5, Lounge, Kitchen, Bedroom, Store Room and Agreement, producing £550 per calendar month Bathroom, having panel bath with shower over, (£6,600 per annum). wash basin and wc. lat 2: Let on an Assured Shorthold Tenancy Agreement, producing £550 per calendar month Outside: (£6,600 per annum). ront: Walled Foregarden. lat 3: Let on an Assured Shorthold Tenancy Rear: Communal Lawned Gardens. Agreement, producing £450 per calendar month (£5,400 per annum). Le al Docu ents: lat : Let on an Assured Shorthold Tenancy Available at www.cottons.co.uk Agreement, producing £475 per calendar month (£5,700 per annum). iewin s: lat : Let on an Assured Shorthold Tenancy Via Cottons - 0121 247 2233 Agreement, producing £500 per calendar month (£6,000 per annum). Total Rental Inco e £2,525 per calendar month (£30,300 per annum). 17
Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant End Terrace House with Rear ara e LOT 1 *Guide Price: £59,000 - £69,000 (+Fees)
Din le Street, Old ury, West Midlands 9 2DY
Property Description: A two-storey, end terrace house of traditional brick construction, surmounted by a pitched tile clad roof, offered for sale in presentable condition and benefitting from UPVC double glazed windows, gas fired central heating, two double bedrooms and rear garage accessed by a secured shared driveway. Dingle Street forms part of an established residential area and is located off both Brades Road and Ashtree Road the latter providing direct access to Wolverhampton Road (A4123), providing ease of commuting to Birmingham, Dudley, Wolverhampton and the M5 Motorway (Junction 2) and Oldbury Town Centre is within less than ¾ mile. Acco odation: round loor Lounge with feature fireplace, Lobby with access to Cellar, Dining Room with wood burning stove, Rear Entrance Hall, Kitchen with range of traditional style units, Bathroom with corner suite comprising panel bath with shower attachment, pedestal wash basin and separate wc. irst loor Stairs and Landing, Two Double Bedrooms. Outside: Rear: Courtyard garden and wooden garage with barrier protected rear vehicular access known as Bath Row which leads off St. James Road. Le al Docu ents: Available at www.cottons.co.uk iewin s: Via Cottons - 0121 247 2233
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Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold acant Three edroo Mid Terraced House LOT 19 *Guide Price: £70,000 - £77,000 (+Fees)
73 urlin ton Road, West ro wich, West Midlands 70 LE
Property Description: Acco odation A traditional mid-terrace house of brick round loor construction, having rendered front elevation Front Reception Room, Rear Reception and surmounted by a pitched tile clad roof, Room, Kitchen, Rear Entrance Hall, Bathroom providing well laid out accommodation but with bath having shower over, vanity wash requiring modernisation and improvement basin, wc. throughout. irst loor The property benefits from UPVC double Stairs and Landing, Three Bedrooms. glazed windows and gas-fired central heating Outside: and is set back from the road behind a small ront: Small walled foregarden. walled foregarden. Rear: Yard/Garden. Burlington Road forms part of an established residential area and leads of Salisbury Road Le al Docu ents: which in turn, leads off High Street and the Available at www.cottons.co.uk property is conveniently within half a mile from both West Bromwich Town Centre and iewin s: the M5 Motorway (Junction 1). Via Cottons - 0121 247 2233
reehold acant Possession LOT 20 *Guide Price: £75,000 - £79,000 (+Fees)
3 Syca ore Road, Wednes ury, West Midlands WS10 0
Property Description: Outside: A semi-detached property surmounted by a ront Lawned and paved foregarden tiled roof set back from the road behind a Rear Garden lawned and paved forgarden. The property benefits from having UPVC double glazing and Le al Docu ents - gas fired central heating. Sycamore Road is Available at www.cottons.co.uk located off Cedar Road which in turn is found off Holden Road iewin s - Via Cottons ² 0121 247 2233 Acco odation: round loor Entrance Porch, Entrance Hallway, Lounge/Dining Room, Kitchen, Utility Area, Stairs to
irst loor Having Landing, 2 Bedrooms and Bathroom with panelled bath, wash basin and WC
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Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant Possession LOT 21 *Guide Price: £90,000 - £96,000 (+Fees)
111 Neachells Lane, Wol erha pton, West Midlands W 11 3PP
Property Description: A three bedroom detached property of brick construction surmounted by a tiled roof set back from the road behind a gravelled foregarden. The property benefits from having UPVC double glazing and gas fired central heating and is offered for sale in presentable condition. Neachells Lane is located off Lichfield Road and the property itself is close to the junction with Alfred Squire Road. The property is approximately within one miles distance from both New Cross Hospital and Bentley Bridge Leisure Park. Acco odation: round loor Entrance Hallway, Lounge, Dining Room, Kitchen/Diner, Stairs to
irst loor Landing, 3 Bedrooms and Bathroom having panelled bath with shower over, wash basin and WC
Outside: ront Gravelled foregarden providing off road parking Rear Lawned garden
Le al Docu ents ² Available at www.cottons.co.uk
iewin s Via Cottons ² 0121 247 2233
reehold Land LOT 22 *Guide Price: £65,000 - £72,000 (+Fees)
Land at Ayles ury Road, Hockley Heath, Solihull, West Midlands 9 PJ
Property Description: Le al Docu ents ² An irregular shaped parcel of land Available at www.cottons.co.uk extending to an area of approximately iewin s - 3.72 acres (1.51 hectares) the site is Via Cottons ² External Only located on the South side of Aylesbury Road close to the junction with both Grange Road and Vicarage Road and is approximately within half a miles distance from the village of Hockley Heath.
Please note The areas shaded in green have been sold and have been excluded from the freehold title being offered for sale This plan is or identi ication purposes only. Please re er to the Le al Pack or 20 con ir ation o the e act oundaries, alon with the parcels o land e cluded ro the sale.
Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold acant Possession LOT 23 *Guide Price: £300,000 - £330,000 (+Fees)
9 Moor Pool A enue, Har orne, ir in ha , West Midlands, 17 9DT
Property Description: Outside: A mid terraced property of part rendered brick ront Lawned foregarden construction surmounted by a tiled roof set back Rear Lawned garden and brick built store from the road behind a lawned foregarden in a slightly elevated position. The property benefits from Le al Docu ents ² having gas fired central heating and majority Available at www.cottons.co.uk secondary glazing however does require some iewin s - Via Cottons ² 0121 247 2233 modernisation and improvement. Moor Pool Avenue is situated in a Conversation Area of the popular and Please Note: Co pletion will esi weeks established Moor Pool Estate and located off both ollowin e chan eo contracts Ravenhurst Road and The Circle. The property is within a quarter of a mile (walking distance) to Harborne High Street which provides a wide range of local shops and amenities Acco odation: round loor Having Entrance Hallway, Lounge, Dining Room, Kitchen, Cloak Room, Store Room, Lean-to, WC and Store, Stairs to irst loor Having Landing, 3 Bedrooms and Shower Room with shower cubicle, wash basin and Separate WC
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Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
Withdrawn Not O ered or Sale LOT 2 (+Fees)
Address Re o ed, Not O ered or Sale, Property Description: A mid-terrace house of two-storey brick construction, surmounted by a pitched tile clad roof, set back from the road behind a large paved forecourt providing off road car parking. The property provides well laid out accommodation benefitting from part double glazed windows but requires modernisation and cosmetic improvement throughout. Acco odation: round loor Entrance Hall, Lounge, Dining Room, Kitchen with range of fitted cupboards, Lean-to Veranda/Utility, Cloakroom with wc. irst loor Stairs and Landing, Bedroom One (Double), Bedroom Two (Double), Bathroom with bath, wash basin, wc. Outside: ront: Paved forecourt/driveway providing off-road parking, shared pedestrian entry access to the rear. Rear: Predominantly paved rear garden. Le al Docu ents: Available at www.cottons.co.uk iewin s: Via Cottons - 0121 247 2233
MAILING LIST
We are currently updating our mailing list so, if you require a catalogue for our next auction on
THURSDAY 13th JULY 2017
at Aston Villa Football Club, Aston Villa, Birmingham. Please complete the slip found at the back of this Viewing Schedule, 22 and hand it to us at the auction or post it to us at the address provided.
Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold round Rent Secured upon a Link Detached House LOT 2 *Guide Price: £3,000 - £4,000 (+Fees)
R, 3 Whit inster Close, Willenhall, West Midlands W 12 ER
Property Description: Le al Docu ents: A freehold ground rent secured on a Available at www.cottons.co.uk modern link detached house surmounted iewin s: by a pitched tile clad roof, set back from Not Applicable the road behind a foregarden and tarmacadam driveway and located on a popular residential estate approximately one mile to the north east of Willenhall Town Centre.
The property is subject to a long lease for a term of 99 years from 25th March 1972 (having approximately 53 years unexpired) and at a ground rent of £30 per annum.
reehold round Rent LOT 2 *Guide Price: £4,000 - £5,000 (+Fees)
reehold round Rent 10 Ray ond Close, Walsall, West Midlands WS2 7A
Property Description: Le al Docu ents: A Freehold Ground Rent secured on an Available at www.cottons.co.uk modern semi-detached house. Raymonds Close is a cul-de-sac located off Forest iewin s: Lane, which in turn can be found off External Only. Bloxwich Road (B4210).
The property is subject to a Lease Term of 99 years from the 25th March 1964 (53 years unexpired) at a Ground Rent of £25 per annum
reehold round Rent LOT 27 *Guide Price: £4,000 - £5,000 (+Fees)
reehold round Rent 1 Ray ond Close, Walsall, West Midlands WS2 7A
Property Description: Le al Docu ents: A Freehold Ground Rent secured on an Available at www.cottons.co.uk modern semi-detached house. Raymonds Close is a cul-de-sac located off Forest iewin s: Lane, which in turn can be found off External Only. Bloxwich Road (B4210).
The property is subject to a Lease Term of 99 years from the 25th March 1964 (53 years unexpired) at a Ground Rent of £25 per annum.
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Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant Possession LOT 2 *Guide Price: £160,000 - £175,000 (+Fees)
23 Charters A enue, Codsall, Wol erha pton, West Midlands W 2JH
Property Description: An extended semi detached property surmounted by a tiled roof set back from the road behind a lawned garden and driveway giving access to garage allowing for secure off road parking. The property benefits from having UPVC double glazing, gas fired central heating and three double bedrooms, the property further benefits from having a full width two storey extension. The property occupies a position at the rear of Charters Avenue which is a cul-de-sac adjacent to open fields on the outskirts of the village. Charters Avenue is located off Birches Road.
Acco odation round loor Entrance Porch, Entrance Hallway, Lounge, Dining Room, Extended Kitchen, Stairs to irst loor Having 3 Double Bedrooms and Bathroom with panelled bath, shower cubicle, wash basin, Separate WC.
Outside: ront Lawned foregarden and driveway giving access to garage allowing for secure off road parking Rear Patio area and lawned garden
Le al Docu ents: Available at www.cottons.co.uk iewin s: Via Cottons - 0121 247 2233
--- Legal Documents Online ---
Please note all Legal Packs are available on our website and all Legal Documents E i Legals parties wishing to inspect a Legal Pack must register their correct details and password with the site. The Legal Packs are updated AUCTION regularly during our marketing but documents may be added or changed during this period prior to the auction. Whilst we will endeavour to inform all persons registered for Legal Packs of any Legal documents for our lots are now or will changes it is the responsibility of all bidders to re-check the Legal be available online. Where you see the Packs for any changes prior to bidding and the Auctioneers/ icon on the website you will be able to Vendors accept no liability whatsoever for a bidder not download the documents. adhering to this advise.
Service Provided By The Essential Information Group Ltd www.eigroup.co.uk 0870 112 30 40 24
Re er to uide and Reser ePriceDe initions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
Leasehold Three edroo acant lat New 99 Year Lease LOT 29 *Guide Price: £25,000 - £30,000 (+Fees)
Church ield A enue, Tipton, West Midlands DY 9N
Property Description: A purpose built ground floor flat forming part of a three storey block situated in a cul-de-sac located off Lichfield Street which in turn leads off Upper Church Lane (B4163). The property provides generous and well laid out accommodation which includes three bedrooms and benefits from having recently been decorated and also includes newly fitted carpets, gas fired central heating, UPVC double glazed windows and ample communal car parking located to the rear. Acco odation: round loor Communal Entrance with Secure Door Entry System lat Hallway, Lounge with balcony, Three Bedrooms, Kitchen and Bathroom Le al Docu ents ² Available at www.cottons.co.uk Outside: Surrounding communal gardens and ample car iewin s parking area located to the rear Via Cottons ² 0121 247 2233 Leasehold In or ation: Please Note: Internal Photos are available to Lease Ter : A new 99 Year Lease will be view on our website www.cottons.co.uk granted upon completion round Rent: Refer To Legal Pack Ser ice Char e: Refer To Legal Pack
Leasehold Three edroo acant lat New 99 Year Lease LOT 30 *Guide Price: £25,000 - £30,000 (+Fees)
2 Church ield A enue, Tipton, West Midlands DY 9N
Property Description: A purpose built first floor flat forming part of a three storey block situated in a cul-de-sac located off Lichfield Street which in turn leads off Upper Church Lane (B4163). The property provides generous and well laid out accommodation which includes three bedrooms and benefits from having recently been decorated and also includes newly fitted carpets, gas fired central heating, UPVC double glazed windows and ample communal car parking located to the rear. Acco odation: round loor Communal Entrance with Secure Door Entry System, Stairs irst loor Hallway, Lounge with balcony, Three Bedrooms, Kitchen and Bathroom Le al Docu ents: Available at www.cottons.co.uk Outside: Surrounding communal gardens and ample iewin s: parking area located to the rear Via Cottons ² 0121 247 2233 Leasehold In or ation: Please Note: Internal Photos are available to Lease Ter : A new 99 Year Lease will be view on our website www.cottons.co.uk granted upon completion. round Rent: Refer to Legal Pack Ser ice Char e: Refer to Legal Pack 25
Re er to uide and Reser ePriceDe initions on Inside Co er. NEXT AUCTION 13TH JULY 2017
26 CLOSIN DATE 1 TH JUNE 2017
Leasehold acant Two Bedroom lat LOT 31 *Guide Price: £58,000 - £64,000 (+Fees)
90 Chelmsford Court, Nash Square, Perry Barr, Birmingham, West Midlands B42 2EX
Property Description: A well laid out two bedroom flat located on the ground floor of a purpose built block known as Chelmsford Court and benefiting from UPVC double glazed Windows, Electric Heating and additional private front and rear access. The flat is offered for sale in presentable condition throughout. Nash Square comprises of a cul-de-sac containing a range of similar flat developments and town houses and leads directly off Aldridge Road, approximately half a mile to the north of the junction with Walsall Road (A34) which provides access to local shops, amenities and railway station at Perry Barr including The One Stop Shopping Centre. Accommodation: round loor Leasehold Information Communal Entrance Hall Lease Term: 99 Years from 25th December irst loor 1973 Entrance Hall, Lounge/Dining Room (with round Rent : £30 rear door to communal gardens), Kitchen Ser ice Charge: Refer to Legal Pack (with separate access to front), Inner Hall, Bedroom One (double), Bedroom Two (large Legal Documents: single), Bathroom with panelled bath having Available at www.cottons.co.uk shower over, pedestal wash basin and wc iewings: Outside: Via Cottons - 0121 247 2233 Communal gardens and parking
27
Refer to uide and Reser e Price Definitions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant Semi Detached Cottage in illage Location LOT 32 *Guide Price: £150,000 - £165,000 (+Fees)
3 Rosemary Lane, Madley, Hereford, Herefordshire, HR2 9LS
Property Description: Outside: An attractive semi detached cottage of rendered Front: Lawned foregarden with driveway leading to brick construction surmounted by a pitched tile clad garage, gated side access to rear roof, occupying a rectangular shaped plot extending Rear: Lawned garden with mature trees and shrubs to an area of approximately 402sq.mtrs and set back and paved patio from the road behind a foregarden and driveway. iewings: Via Cottons ² 0121 247 2233 The property provides well laid out accommodation, benefiting from three bedrooms, gas fired central Legal Documents: Available at www.cottons.co.uk heating, double glazed windows, garage, off road car parking and generous gardens.
The property is situated approximately six miles to the west of Hereford in the popular village of Madley which contains a range of local amenities including village shop, public house, restaurant and regular bus service. Accommodation: round loor Enclosed Porch, Sitting Room with beams to the ceiling and wood burning stove, Snug, Kitchen/Utility Room with a range of fitted cupboards, Bathroom with panelled bath, pedestal wash basin and wc irst loor Stairs and Landing, Three Bedrooms This plan is for identification purposes only. Please refer to the Legal Pack for confirmation of the e act oundaries.
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Refer to uide and Reser e Price Definitions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold acant Three Bedroom Semi Detached House LOT 33 *Guide Price: £80,000 - £90,000 (+Fees)
41 Sladefield Road, Birmingham, West Midlands B 3P
Property Description: A traditional built semi detached house of two storey brick construction surmounted by a pitched tile clad roof providing well laid out accommodation benefiting from three reception rooms, three bedrooms, gas fired central heating and UPVC double glazed windows but requiring modernisation and improvement.
The property is set back from the road behind a paved forecourt forming part of an established predominantly residential area and Sladefield Road is situated directly between Washwood Heath Road (B4114) and Alum Rock Road both providing access to a wide range of local retail amenities and services. Accommodation: round loor Entrance Hall, Reception Hall, Front Reception Room opening to Rear Reception Room, Dining Room, Kitchen.
irst loor Stairs and Landing, Bedroom One (full width double), Bedroom Two (double), Bedroom Three (single), Bathroom with bath having shower over, pedestal wash basin, Separate WC.
Outside: Front: Paved forecourt providing potential for off road car parking Rear: Side yard with brick store and wc with a long rear garden
Legal Documents: Available at www.cottons.co.uk
iewings: Via Cottons - 0121 2472233
PROXY & TELEPHONE BIDDING
We can arrange to set up Telephone or Proxy Bids, if you are unable to attend the Auction.
Please contact the Auction Team on 0121 247 2233
For further details and Terms & Conditions 29
Refer to uide and Reser e Price Definitions on Inside Co er. NEXT AUCTION 13TH JULY 2017
reehold acant Possession LOT 34 *Guide Price: £140,000 - £155,000 (+Fees)
2De onshire Dri e, West Bromwich, West Midlands, B71 4AA
Property Description: Full width Conservatory, Workshop, WC and A detached bungalow of part rendered brick Garage construction surmounted by a tiled roof set back irst loor from the road behind a walled foregarden and Loft Room driveway giving access to garage allowing for off road Outside: parking. The property is situated in a plot extending ront Walled foregarden and driveway giving access to approximately 0.19 Acres. The property benefits to garage providing off road parking from having double glazing, gas fired central heating Rear Lawned garden and a loft conversion, however does require modernisation and improvement. The property was Legal Documents:Available at www.cottons.co.uk originally a 3 bedroom bungalow but has been iewings:Via Cottons - 0121 247 2233 converted to a 1 bedroom bungalow to provide additional living accommodation. Devonshire Drive is a cul-de-sac adjacent to Dartmouth Park and located off Reform Street, the property is approximately within a quarter of a miles distance from West Bromwich Town Centre Accommodation: round loor Entrance Hallway, Through Lounge, Kitchen, Dining Room, Bedroom, Bathroom having corner bath, wash basin and WC, Rear Room with WC, wash basin and loft access,
30 This plan is for identification purposes only. Please refer to the Legal Pack for confirmation of the e act oundaries.
Refer to uide and Reser e Price Definitions on Inside Co er. CLOSIN DATE 1 TH JUNE 2017
reehold acant Mid Terraced House LOT 3 *Guide Price: £70,000 - £77,000 (+Fees)
44 reenhill Road, Handsworth, Birmingham, West Midlands B21 DY
Property Description: irst loor A two storey mid terraced house of Stairs and Landing, Bedroom One (double), traditional brick construction, surmounted by Bedroom Two (double), Bathroom with a pitched replacement tile clad roof, benefiting panelled bath, pedestal wash basin and wc from mostly UPVC double glazed windows and gas fired central heating but requiring Outside: some modernisation and cosmetic Front: Walled foregarden and shared improvement. pedestrian access to: Greenhill Road forms part of an established Rear: Yard with brick built wc/store and residential area and leads directly off Rookery paved garden Road which in turn leads off Soho Road (A41) and provides access to a wide range of retail iewings: Via Cottons ² 0121 247 2233 amenities and services. Legal Documents: Available at Accommodation: www.cottons.co.uk round loor Lounge, Lobby with under stairs cupboard, Rear Reception Room and Kitchen
reehold acant Three Bedroom House LOT 3 *Guide Price: £65,000 - £75,000 (+Fees)
33 Munt Street, Small Heath, Birmingham, West Midlands B10 9SN
Property Description: irst loor The property comprises of a traditional built Stairs and Landing, Bedroom One (Double), two-storey mid-terrace house with brick Bedroom Two (Double) inter-communicating walls, surmounted by a pitched tile clad roof with Bedroom Three (Single). and situated directly fronting the pavement. The property benefits from UPVC double Outside: glazed windows, a modern ground floor rear Rear: Shared pedestrian entry access, brick extension providing bathroom paved yard and separate rear garden. accommodation, three bedrooms and Legal Documents: requires complete modernisation and Available at www.cottons.co.uk improvement throughout. iewings: The property is situated fronting Muntz Street Via Cottons - 0121 247 2233 (B4145) between the junctions of Wright Street and Swanage Road and approximately 100 metres north of the junction with Coventry Road (A45) which provides access to a wide range of retail amenities and local services. Accommodation: round loor Front Reception Room, Inner Hall, Rear Reception Room, under stair cupboard providing access to Cellar, Rear Entrance Hall with Pantry, Kitchen, Lobby to Bathroom with panelled bath having shower over pedestal wash basin and wc. 31
Refer to uide and Reser e Price Definitions on Inside Co er. NEXT AUCTION 13TH JULY 2017
PROXY BID FORM / TELEPHONE BID FORM
Bidders unable to attend the auction may appoint Cottons to act as agent payment details and also for information relating to the contract and legal and bid on their behalf. Please read all Conditions Of Sale (inside front cover packs for your required lots, as you will be required to sign a copy of the of catalogue) and Terms and Conditions of Proxy/Telephone Bids below. contract 24 hours prior to the auction.
Complete, sign and return the attached form along with the deposit payment Upon receipt of your instruction to set up either a Telephone or a Proxy for 10% of your highest proxy bid or 10% of the higher guide price for Bid you will be sent a copy of the relevant contract and the Auctioneers a telephone bid, (minimum of £2,000). We require deposits to be held in administration fee documentation to be signed. cleared funds 24 hours before the auction. Please contact us to arrange for
TYPE OF BID BIDDER INFORMATION
TELEPHONE PROXY LOT (please one tick) (please one tick) Address BIDDER INFORMATION
Name Address
Maximum Bid (proxy bid)
Maximum Bid Contact Number (words)
Contact Number for DEPOSIT telephone bid on Auction Day Deposit SOLICITOR INFORMATION
Name (10% of max bid for proxy bid or 10% of top guide price for telephone bid)
Address Deposit (words)
I confi rm that I have read all Terms & Conditions.
Signed Telephone Number Date Contact
TERMS & CONDITIONS
The form is to be completed in full, signed and returned to Cottons Chartered The Maximum bid price on proxy bids must be an exact fi gure. Surveyors, Cavendish House, 359 - 361 Hagley Road, Edgbaston, Birmingham, B17 8DL. Tel: 0121 247 2233, no later than 24 hours prior to the Auction date. Telephone bids - Cottons will attempt to contact the bidder approximately 5-10 minutes prior to the Lot being auctioned. In the event of non-connection The bidder shall be deemed to have read all Conditions Of Sale (inside cover of or break down of the telephone link, Cottons accept no liability whatsoever catalogue) and Terms & Conditions of Proxy/Telephone Bids and undertaken an and will not be held responsible for any loss, costs or damages incurred by necessary professional and legal advice relating to the relevant lot. the bidder. Cottons make no charge for the Proxy/Telephone bid service and reserve It is the bidders responsibility to ensure Cottons have received the signed the right not to bid on behalf of any telephone/proxy bid for any reason bidding form and deposit, by ringing the telephone No, above. whatsoever, and give no warranty, or guarantee and accept no liability for any bid not being made. The bidder shall be deemed to have made any enquiries and have knowledge of any amendments of the lot prior to and from the Rostrum on the day of the Deposit for lots, which do not have a guide price should be negotiated with the auction. auctioneer. Please contact 0121 247 2233.
The Proxy/Telephone bidder appoints the auctioneer as agent and authorises If bid is successful, deposit cheque and details will be given to the relevant the auctioneer to bid with his absolute discretion. solicitor and you will be contacted as soon as possible after the lot has been auctioned. The auctioneer will not bid on proxy bids beyond the maximum authorised bid. Any amendment to the bid must be made in writing prior to the auction, lf bid is unsuccessful your deposit will be returned to you as soon as possible or placed into the hands of the auctioneer on the day of the auction. after the auction. Chartered Broker of the Year 2014, 2015 & 2016
6
The seller agrees to sell and the buyer agrees to Sale Memorandum buy the lot for the price. This agreement is subject to the conditions so far as they apply to the lot.
Date We acknowledge receipt of the deposit
Name and address of seller Signed by the buyer
Signed by us as agent for the seller Name and address of buyer
The buyer’s conveyancer is
The lot Name
Address The price (excluding any VAT)
Contact Deposit paid Common Auction Conditions for Auction of (a) matters registered or capable of registration as local land charges; (b) matters registered or capable of registration by any competent authority or under the provisions of any statute; Real Estate in England & Wales (c) notices, orders, demands, proposals and requirements of any competent authority; (d) charges, notices, orders, restrictions, agreements and other matters relating to town and country planning, highways (Edition 3 August 2009) Reproduced with the consent of the RICS No responsibility or public health; for loss occasioned to any person acting or refraining. From auction as a result of (e) rights, easements, quasi-easements, and wayleaves; the material included in this publication can be accepted by the author or publisher. (f) outgoings and other liabilities; © Royal Institution of Chartered Surveyors August 2009 (g) any interest which overrides, within the meaning of the Land Registration Act 2002; (h) matters that ought to be disclosed by the searches and enquiries a prudent buyer would make, whether or not the A1 Introduction buyer has made them; and A1.1 Words in bold blue type have special meanings, which are defi ned in the Glossary. (i) anything the seller does not and could not reasonably know about. A1.2 The catalogue is issued only on the basis that you accept these auction conduct conditions. They govern our G1.5 Where anything subject to which the lot is sold would expose the seller to liability the buyer is to comply with it relationship with you and cannot be disapplied or varied by the sale conditions (even by a condition purporting to and indemnify the seller against that liability. replace the whole of the Common Auction Conditions). They can be varied only if we agree. G1.6 The seller must notify the buyer of any notices, orders, demands, proposals and requirements of any competent A2 Our role authority of which it learns after the contract date but the buyer must comply with them and keep the seller A2.1 As agents for each seller we have authority to: indemnifi ed. (a) prepare the catalogue from information supplied by or on behalf of each seller; G1.7 The lot does not include any tenant’s or trade fi xtures or fi ttings. (b) offer each lot for sale; G1.8 Where chattels are included in the lot the buyer takes them as they are at completion and the seller is not (c) sell each lot; liable if they are not fi t for use. (d) receive and hold deposits; G1.9 The buyer buys with full knowledge of: (e) sign each sale memorandum; and (a) the documents, whether or not the buyer has read them; and (f) treat a contract as repudiated if the buyer fails to sign a sale memorandum or pay a deposit as required by these (b) the physical condition of the lot and what could reasonably be discovered on inspection of it, whether or not the auction conduct conditions. buyer has inspected it. A2.2 Our decision on the conduct of the auction is fi nal. G1.10 The buyer is not to rely on the information contained in the particulars but may rely on the sellers A2.3 We may cancel the auction, or alter the order in which lots are offered for sale. We may also combine or divide conveyancer’s written replies to preliminary enquiries to the extent stated in those replies. lots. A lot may be sold or withdrawn from sale prior to the auction. G2. Deposit A2.4 You acknowledge that to the extent permitted by law we owe you no duty of care and you have no claim against G2.1 The amount of the deposit is the greater of: us for any loss. (a) any minimum deposit stated in the auction conduct conditions (or the total price, if this is less than that A3 Bidding and reserve prices minimum); and A3.1 All bids are to be made in pounds sterling exclusive (b) 10% of the price (exclusive of any VAT on the price). of any applicable VAT. G2.2 The deposit A3.2 We may refuse to accept a bid. We do not have to explain why. (a) must be paid in pounds sterling by cheque or banker’s draft drawn on an approved Ú nancial institution (or by A3.3 If there is a dispute over bidding we are entitled to resolve it, and our decision is fi nal. any other means of payment that the auctioneers may accept); and A3.4 Unless stated otherwise each lot is subject to a reserve price (which may be fi xed just before the lot is offered for (b) is to be held as stakeholder unless the auction conduct conditions provide that it is to be held as agent for the sale). If no bid equals or exceeds that reserve price the lot will be withdrawn from the auction. seller. A3.5 Where there is a reserve price the seller may bid (or ask us or another agent to bid on the sellers behalf) up to G2.3 Where the auctioneers hold the deposit as stakeholder they are authorised to release it (and interest on it if the reserve price but may not make a bid equal to or exceeding the reserve price. You accept that it is possible that all applicable) to the seller on completion or, if completion does not take place, to the person entitled to it under the bids up to the reserve price are bids made by or on behalf of the seller. sale conditions. A3.6 Where a guide price (or range of prices) is given that guide is the minimum price at which, or range of prices G2.4 If a cheque for all or part of the deposit is not cleared on fi rst presentation the seller may treat the contract as at within which, the seller might be prepared to sell at the date of the guide price. But guide prices may change. The last an end and bring a claim against the buyer for breach of contract. published guide price will normally be at or above any reserve price, but not always – as the seller may fi x the fi nal G2.5 Interest earned on the deposit belongs to the seller unless the sale conditions provide otherwise. reserve price just before bidding commences. G3. Between contract and completion A4 The particulars and other information G3.1 Unless the special conditions state otherwise, the seller is to insure the lot from and including the contract A4.1 We have taken reasonable care to prepare particulars that correctly describe each lot. The particulars are based date to completion and: on information supplied by or on behalf of the seller. You need to check that the information in the particulars is (a) produce to the buyer on request all relevant insurance details; correct. (b) pay the premiums when due; A4.2 If the special conditions do not contain a description of the lot, or simply refer to the relevant lot number, you (c) if the buyer so requests, and pays any additional premium, use reasonable endeavours to increase the sum insured take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not or make other changes to the policy; been prepared by a conveyancer and are not intended to form part of a legal contract. (d) at the request of the buyer use reasonable endeavours to have the buyers interest noted on the policy if it does A4.3 The particulars and the sale conditions may change prior to the auction and it is your responsibility to check not cover a contracting purchaser; that you have the correct versions. (e) unless otherwise agreed, cancel the insurance at completion, apply for a refund of premium and (subject to the A4.4 If we provide information, or a copy of a document, provided by others we do so only on the basis that we are not rights of any tenant or other third party) pay that refund to the buyer; and responsible for the accuracy of that information or document. (f) (subject to the rights of any tenant or other third party) hold on trust for the buyer any insurance payments that the A5 The contract seller receives in respect of loss or damage arising after the contract date or assign to the buyer the benefi t of any A5.1 A successful bid is one we accept as such (normally on the fall of the hammer). This condition A5 applies to you claim; and the buyer must on completion reimburse to the seller the cost of that insurance (to the extent not already if you make the successful bid for a lot. paid by the buyer or a tenant or other third party) for the period from and including the contract date to completion. A5.2 You are obliged to buy the lot on the terms of the sale memorandum at the price you bid plus VAT (if G3.2 No damage to or destruction of the lot nor any deterioration in its condition, however caused, entitles the buyer applicable). to any reduction in price, or to delay completion, or to refuse to complete. A5.3 You must before leaving the auction: G3.3 Section 47 of the Law of Property Act 1925 does not apply. (a) provide all information we reasonably need from you to enable us to complete the sale memorandum (including G3.4 Unless the buyer is already lawfully in occupation of the lot the buyer has no right to enter into occupation proof of your identity if required by us); prior to completion. (b) sign the completed sale memorandum; and G4. Title and identity (c) pay the deposit. G4.1 Unless condition G4.2 applies, the buyer accepts the title of the seller to the lot as at the contract date and may A5.4 If you do not we may either: raise no requisition or objection except in relation to any matter that occurs after the contract date. (a) as agent for the seller treat that failure as your repudiation of the contract and offer the lot for sale again: the G4.2 If any of the documents is not made available before the auction the following provisions apply: seller may then have a claim against you for breach of contract; or (a) The buyer may raise no requisition on or objection to any of the documents that is made available before the (b) sign the sale memorandum on your behalf. auction. A5.5 The deposit: (b) If the lot is registered land the seller is to give to the buyer within fi ve business days of the contract date an (a) is to be held as stakeholder where VAT would be chargeable on the deposit were it to be held as agent for the seller, offi cial copy of the entries on the register and title plan and, where noted on the register, of all documents subject to but otherwise is to be held as stated in the sale conditions; and which the lot is being sold. (b) must be paid in pounds sterling by cheque or by bankers’ draft made payable to us on an approved Ú nancial (c) If the lot is not registered land the seller is to give to the buyer within fi ve business days an abstract or epitome institution. The extra auction conduct conditions may state if we accept any other form of payment. of title starting from the root of title mentioned in the special conditions (or, if none is mentioned, a good root of A5.6 We may retain the sale memorandum signed by or on behalf of the seller until the deposit has been received title more than fi fteen years old) and must produce to the buyer the original or an examined copy of every relevant in cleared funds. document. A5.7 If the buyer does not comply with its obligations under the contract then: (d) If title is in the course of registration, title is to consist of certifi ed copies of: (a) you are personally liable to buy the lot even if you are acting as an agent; and (i) the application for registration of title made to the land registry; (b) you must indemnify the seller in respect of any loss the seller incurs as a result of the buyers default. (ii) the documents accompanying that application; A5.8 Where the buyer is a company you warrant that the buyer is properly constituted and able to buy the lot. (iii) evidence that all applicable stamp duty land tax relating to that application has been paid; and Words in bold blue type have special meanings, which are deÚ ned in the Glossary. The general conditions (iv) a letter under which the seller or its conveyancer agrees to use all reasonable endeavours to answer any requisitions (including any extra general conditions) apply to the contract except to the extent that they are varied by special raised by the land registry and to instruct the land registry to send the completed registration documents to the buyer. conditions or by an addendum. (e) The buyer has no right to object to or make requisitions on any title information more than seven business days G1. The lot after that information has been given to the buyer. G1.1 The lot (including any rights to be granted or reserved, and any exclusions from it) is described in the special G4.3 Unless otherwise stated in the special conditions the seller sells with full title guarantee except that (and the conditions, or if not so described the lot is that referred to in the sale memorandum. transfer shall so provide): G1.2 The lot is sold subject to any tenancies disclosed by the special conditions, but otherwise with vacant possession (a) the covenant set out in section 3 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to on completion. matters recorded in registers open to public inspection; these are to be treated as within the actual knowledge of the G1.3 The lot is sold subject to all matters contained or referred to in the documents, but excluding any Ú nancial buyer; and charges: these the seller must discharge on or before completion. (b) the covenant set out in section 4 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to any G1.4 The lot is also sold subject to such of the following as may affect it, whether they arise before or after the condition or tenant’s obligation relating to the state or condition of the lot where the lot is leasehold property. contract date and whether or not they are disclosed by the seller or are apparent from inspection of the lot or from G4.4 The transfer is to have effect as if expressly subject to all matters subject to which the lot is sold under the the documents: contract. G4.5 The seller does not have to produce, nor may the buyer object to or make a requisition in relation to, any prior or rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months superior title even if it is referred to in the documents. preceding completion. G4.6 The seller (and, if relevant, the buyer) must produce to each other such confi rmation of, or evidence of, their G11.2 If on completion there are any arrears of current rent the buyer must pay them, whether or not details of those identity and that of their mortgagees and attorneys (if any) as is necessary for the other to be able to comply with arrears are given in the special conditions. applicable Land Registry Rules when making application for registration of the transaction to which the conditions G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of current rent. apply. Part 2 Buyer to pay for arrears G5. Transfer G11.4 Part 2 of this condition G11 applies where the special conditions give details of arrears. G5.1 Unless a form of transfer is prescribed by the special conditions: G11.5 The buyer is on completion to pay, in addition to any other money then due, an amount equal to all arrears (a) the buyer must supply a draft transfer to the seller at least ten business days before the agreed completion of which details are set out in the special conditions. date and the engrossment (signed as a deed by the buyer if condition G5.2 applies) fi ve business days before that G11.6 If those arrears are not old arrears the seller is to assign to the buyer all rights that the seller has to recover date or (if later) two business days after the draft has been approved by the seller; and those arrears. (b) the seller must approve or revise the draft transfer within fi ve business days of receiving it from the buyer. Part 3 Buyer not to pay for arrears G5.2 If the seller remains liable in any respect in relation to the lot (or a tenancy) following completion the buyer G11.7 Part 3 of this condition G11 applies where the special conditions: is specifi cally to covenant in the transfer to indemnify the seller against that liability. (a) so state; or G5.3 The seller cannot be required to transfer the lot to anyone other than the buyer, or by more than one transfer. (b) give no details of any arrears. G6. Completion G11.8 While any arrears due to the seller remain unpaid the buyer must: G6.1 Completion is to take place at the offi ces of the sellers conveyancer, or where the seller may reasonably require, (a) try to collect them in the ordinary course of management but need not take legal proceedings or forfeit the tenancy; on the agreed completion date. The seller can only be required to complete on a business day and between the (b) pay them to the seller within fi ve business days of receipt in cleared funds (plus interest at the calculated on a hours of 0930 and 1700. daily basis for each subsequent day’s delay in payment); G6.2 The amount payable on completion is the balance of the price adjusted to take account of apportionments plus (c) on request, at the cost of the seller, assign to the seller or as the seller may direct the right to demand and sue for (if applicable) VAT and interest. old arrears, such assignment to be in such form as the sellers conveyancer may reasonably require; G6.3 Payment is to be made in pounds sterling and only by: (d) if reasonably required, allow the sellers conveyancer to have on loan the counterpart of any tenancy against an (a) direct transfer to the sellers conveyancer’s client account; and undertaking to hold it to the buyers order; (b) the release of any deposit held by a stakeholder. (e) not without the consent of the seller release any tenant or surety from liability to pay arrears or accept a surrender G6.4 Unless the seller and the buyer otherwise agree, completion cannot take place until both have complied of or forfeit any tenancy under which arrears are due; and with their obligations under the contract and the balance of the price is unconditionally received in the sellers (f) if the buyer disposes of the lot prior to recovery of all arrears obtain from the buyers successor in title a covenant conveyancer’s client account. in favour of the seller in similar form to part 3 of this condition G11. G6.5 If completion takes place after 1400 hours for a reason other than the sellers default it is to be treated, for the G11.9 Where the seller has the right to recover arrears it must not without the buyers written consent bring insolvency purposes of apportionment and calculating interest, as if it had taken place on the next business day. proceedings against a tenant or seek the removal of goods from the lot. G6.6 Where applicable the contract remains in force following completion. G12. Management G7. Notice to complete G12.1 This condition G12 applies where the lot is sold subject to tenancies. G7.1 The seller or the buyer may on or after the agreed completion date but before completion give the other G12.2 The seller is to manage the lot in accordance with its standard management policies pending completion. notice to complete within ten business days (excluding the date on which the notice is given) making time of the G12.3 The seller must consult the buyer on all management issues that would affect the buyer after completion essence. (such as, but not limited to, an application for licence; a rent review; a variation, surrender, agreement to surrender or G7.2 The person giving the notice must be ready to complete. proposed forfeiture of a tenancy; or a new tenancy or agreement to grant a new tenancy) and: G7.3 If the buyer fails to comply with a notice to complete the seller may, without affecting any other remedy the (a) the seller must comply with the buyers reasonable requirements unless to do so would (but for the indemnity in seller has: paragraph (c)) expose the seller to a liability that the seller would not otherwise have, in which case the seller may (a) terminate the contract; act reasonably in such a way as to avoid that liability; (b) claim the deposit and any interest on it if held by a stakeholder; (b) if the seller gives the buyer notice of the sellers intended act and the buyer does not object within fi ve business (c) forfeit the deposit and any interest on it; days giving reasons for the objection the seller may act as the seller intends; and (d) resell the lot; and (c) the buyer is to indemnify the seller against all loss or liability the seller incurs through acting as the buyer (e) claim damages from the buyer. requires, or by reason of delay caused by the buyer. G7.4 If the seller fails to comply with a notice to complete the buyer may, without affecting any other remedy the G13. Rent deposits buyer has: G13.1 This condition G13 applies where the seller is holding or otherwise entitled to money by way of rent deposit (a) terminate the contract; and in respect of a tenancy. In this condition G13 “rent deposit deed” means the deed or other document under which (b) recover the deposit and any interest on it from the seller or, if applicable, a stakeholder. the rent deposit is held. G8. If the contract is brought to an end G13.2 If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer If the contract is lawfully brought to an end: and, subject to the terms of the rent deposit deed, comply at the cost of the buyer with the buyers lawful instructions. (a) the buyer must return all papers to the seller and appoints the seller its agent to cancel any registration of the G13.3 Otherwise the seller must on completion pay and assign its interest in the rent deposit to the buyer under an contract; and assignment in which the buyer covenants with the seller to: (b) the seller must return the deposit and any interest on it to the buyer (and the buyer may claim it from the (a) observe and perform the sellers covenants and conditions in the rent deposit deed and indemnify the seller in stakeholder, if applicable) unless the seller is entitled to forfeit the deposit under condition G7.3. respect of any breach; G9. Landlords licence (b) give notice of assignment to the tenant; and G9.1 Where the lot is or includes leasehold land and licence to assign is required this condition G9 applies. (c) give such direct covenant to the tenant as may be required by the rent deposit deed. G9.2 The contract is conditional on that licence being obtained, by way of formal licence if that is what the landlord G14. VAT lawfully requires. G14.1 Where a sale condition requires money to be paid or other consideration to be given, the payer must also pay G9.3 The agreed completion date is not to be earlier than the date fi ve business days after the seller has given any VAT that is chargeable on that money or consideration, but only if given a valid VAT invoice. notice to the buyer that licence has been obtained. G14.2 Where the special conditions state that no VAT option has been made the seller confi rms that none has been G9.4 The seller must: made by it or by any company in the same VAT group nor will be prior to completion. (a) use all reasonable endeavours to obtain the licence at the sellers expense; and G15. Transfer as a going concern (b) enter into any authorised guarantee agreement properly required. G15.1 Where the special conditions so state: G9.5 The buyer must: (a) the seller and the buyer intend, and will take all practicable steps (short of an appeal) to procure, that the sale is (a) promptly provide references and other relevant information; and treated as a transfer of a going concern; and (b) comply with the landlord’s lawful requirements. (b) this condition G15 applies. G9.6 If within three months of the contract date (or such longer period as the seller and buyer agree) the licence has G15.2 The seller confi rms that the seller not been obtained the seller or the buyer may (if not then in breach of any obligation under this condition G9) by (a) is registered for VAT, either in the sellers name or as a member of the same VAT group; and notice to the other terminate the contract at any time before licence is obtained. That termination is without prejudice (b) has (unless the sale is a standard-rated supply) made in relation to the lot a VAT option that remains valid and to the claims of either seller or buyer for breach of this condition G9. will not be revoked before completion. G10. Interest and apportionments G15.3 The buyer confi rms that: G10.1 If the actual completion date is after the agreed completion date for any reason other than the sellers (a) it is registered for VAT, either in the buyers name or as a member of a VAT group; default the buyer must pay interest at the interest rate on the price (less any deposit paid) from the agreed (b) it has made, or will make before completion, a VAT option in relation to the lot and will not revoke it before or completion date up to and including the actual completion date. within three months after completion; G10.2 Subject to condition G11 the seller is not obliged to apportion or account for any sum at completion unless the (c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and seller has received that sum in cleared funds. The seller must pay to the buyer after completion any sum to which (d) it is not buying the lot as a nominee for another person. the buyer is entitled that the seller subsequently receives in cleared funds. G15.4 The buyer is to give to the seller as early as possible before the agreed completion date evidence: G10.3 Income and outgoings are to be apportioned at actual completion date unless: (a) of the buyers VAT registration; (a) the buyer is liable to pay interest; and (b) that the buyer has made a VAT option; and (b) the seller has given notice to the buyer at any time up to completion requiring apportionment on the date from (c) that the VAT option has been notifi ed in writing to HM Revenue and Customs; and if it does not produce the relevant which interest becomes payable by the buyer; evidence at least two business days before the agreed completion date, condition G14.1 applies at completion. in which event income and outgoings are to be apportioned on the date from which interest becomes payable by the G15.5 The buyer confi rms that after completion the buyer intends to: buyer. (a) retain and manage the lot for the buyers own benefi t as a continuing business as a going concern subject to and G10.4 Apportionments are to be calculated on the basis that: with the benefi t of the tenancies; and (a) the seller receives income and is liable for outgoings for the whole of the day on which apportionment is to be made; (b) collect the rents payable under the tenancies and charge VAT on them (b) annual income and expenditure accrues at an equal daily rate assuming 365 days in a year, and income and G15.6 If, after completion, it is found that the sale of the lot is not a transfer of a going concern then: expenditure relating to some other period accrues at an equal daily rate during the period to which it relates; and (a) the sellers conveyancer is to notify the buyers conveyancer of that fi nding and provide a VAT invoice in respect (c) where the amount to be apportioned is not known at completion apportionment is to be made by reference to a of the sale of the lot; reasonable estimate and further payment is to be made by seller or buyer as appropriate within fi ve business days (b) the buyer must within fi ve business days of receipt of the VAT invoice pay to the seller the VAT due; and of the date when the amount is known. (c) if VAT is payable because the buyer has not complied with this condition G15, the buyer must pay and indemnify G11 Arrears the seller against all costs, interest, penalties or surcharges that the seller incurs as a result. Part 1 Current rent G16. Capital allowances G11.1 “Current rent” means, in respect of each of the tenancies subject to which the lot is sold, the instalment of G16.1 This condition G16 applies where the special conditions state that there are capital allowances available in respect of the lot. be unreasonably withheld or delayed. G16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer in connection G23.4 The seller must promptly: with the buyers claim for capital allowances. (a) give to the buyer full details of all rent review negotiations and proceedings, including copies of all correspondence G16.3 The value to be attributed to those items on which capital allowances may be claimed is set out in the special and other papers; and conditions. (b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings. G16.4 The seller and buyer agree: G23.5 The seller and the buyer are to keep each other informed of the progress of the rent review and have regard to (a) to make an election on completion under Section any proposals the other makes in relation to it. 198 of the Capital Allowances Act 2001 to give effect to this condition G16; and G23.6 When the rent review has been agreed or determined the buyer must account to the seller for any increased (b) to submit the value specifi ed in the special conditions to HM Revenue and Customs for the purposes of their rent and interest recovered from the tenant that relates to the sellers period of ownership within fi ve business days respective capital allowance computations. of receipt of cleared funds. G17. Maintenance agreements G23.7 If a rent review is agreed or determined before completion but the increased rent and any interest recoverable G17.1 The seller agrees to use reasonable endeavours to transfer to the buyer, at the buyers cost, the benefi t of the from the tenant has not been received by completion the increased rent and any interest recoverable is to be treated maintenance agreements specifi ed in the special conditions. as arrears. G17.2 The buyer must assume, and indemnify the seller in respect of, all liability under such contracts from the actual G23.8 The seller and the buyer are to bear their own costs in relation to rent review negotiations and proceedings. completion date. G24. Tenancy renewals G18. Landlord and Tenant Act 1987 G24.1 This condition G24 applies where the tenant under a tenancy has the right to remain in occupation under part G18.1 This condition G18 applies where the sale is a relevant disposal for the purposes of part I of the Landlord and II of the Landlord and Tenant Act 1954 (as amended) and references to notices and proceedings are to notices and Tenant Act 1987. proceedings under that Act. G18.2 The seller warrants that the seller has complied with sections 5B and 7 of that Act and that the requisite majority G24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not without the written of qualifying tenants has not accepted the offer. consent of the buyer (which the buyer must not unreasonably withhold or delay) serve or respond to any notice or G19. Sale by practitioner begin or continue any proceedings. G19.1 This condition G19 applies where the sale is by a practitioner either as seller or as agent of the seller. G24.3 If the seller receives a notice the seller must send a copy to the buyer within fi ve business days and act as G19.2 The practitioner has been duly appointed and is empowered to sell the lot. the buyer reasonably directs in relation to it. G19.3 Neither the practitioner nor the fi rm or any member of the fi rm to which the practitioner belongs has any G24.4 Following completion the buyer must: personal liability in connection with the sale or the performance of the sellers obligations. The transfer is to include a (a) with the co-operation of the seller take immediate steps to substitute itself as a party to any proceedings; declaration excluding that personal liability. (b) use all reasonable endeavours to conclude any proceedings or negotiations for the renewal of the tenancy and the G19.4 The lot is sold: determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably obtainable; and (a) in its condition at completion; (c) if any increased rent is recovered from the tenant (whether as interim rent or under the renewed tenancy) account (b) for such title as the seller may have; and to the seller for the part of that increase that relates to the sellers period of ownership of the lot within fi ve business (c) with no title guarantee; and the buyer has no right to terminate the contract or any other remedy if information days of receipt of cleared funds. provided about the lot is inaccurate, incomplete or missing. G24.5 The seller and the buyer are to bear their own costs in relation to the renewal of the tenancy and any G19.5 Where relevant: proceedings relating to this. (a) the documents must include certifi ed copies of those under which the practitioner is appointed, the document of G25. Warranties appointment and the practitioners acceptance of appointment; and G25.1 Available warranties are listed in the special conditions. (b) the seller may require the transfer to be by the lender exercising its power of sale under the Law of Property Act G25.2 Where a warranty is assignable the seller must: 1925. (a) on completion assign it to the buyer and give notice of assignment to the person who gave the warranty; and G19.6 The buyer understands this condition G19 and agrees that it is fair in the circumstances of a sale by a (b) apply for (and the seller and the buyer must use allreasonable endeavours to obtain) any consent to assign that practitioner. is required. If consent has not been obtained by completion the warranty must be assigned within fi ve business days G20. TUPE after the consent has been obtained. G20.1 If the special conditions state “There are no employees to which TUPE applies”, this is a warranty by the G25.3 If a warranty is not assignable the seller must after completion: seller to this effect. (a) hold the warranty on trust for the buyer; and G20.2 If the special conditions do not state “There are no employees to which TUPE applies” the following paragraphs (b) at the buyers cost comply with such of the lawful instructions of the buyer in relation to the warranty as do not apply: place the seller in breach of its terms or expose the seller to any liability or penalty. (a) The seller must notify the buyer of those employees whose contracts of employment will transfer to the buyer G26. No assignment on completion (the “Transferring Employees”). This notifi cation must be given to the buyer not less than 14 days The buyer must not assign, mortgage or otherwise transfer or part with the whole or any part of the buyers interest before completion. under this contract. (b) The buyer confi rms that it will comply with its obligations under TUPE and any special conditions in respect of G27. Registration at the Land Registry the Transferring Employees. G27.1 This condition G27.1 applies where the lot is leasehold and its sale either triggers fi rst registration or is a (c) The buyer and the seller acknowledge that pursuant and subject to TUPE, the contracts of employment between the registrable disposition. The buyer must at its own expense and as soon as practicable: Transferring Employees and the seller will transfer to the buyer on completion. (a) procure that it becomes registered at Land Registry as proprietor of the lot; (d) The buyer is to keep the seller indemnifi ed against all liability for the Transferring Employees after completion. (b) procure that all rights granted and reserved by the lease under which the lot is held are properly noted against the G21. Environmental affected titles; and G21.1 This condition G21 only applies where the special conditions so provide. (c) provide the seller with an offi cial copy of the register relating to such lease showing itself registered as proprietor. G21.2 The seller has made available such reports as the seller has as to the environmental condition of the lot and has G27.2 This condition G27.2 applies where the lot comprises part of a registered title. The buyer must at its own expense given the buyer the opportunity to carry out investigations (whether or not the buyer has read those reports or carried and as soon as practicable: out any investigation) and the buyer admits that the price takes into account the environmental condition of the lot. (a) apply for registration of the transfer; G21.3 The buyer agrees to indemnify the seller in respect of all liability for or resulting from the environmental (b) provide the seller with an offi cial copy and title plan for the buyers new title; and condition of the lot. (c) join in any representations the seller may properly make to Land Registry relating to the application. G22. Service Charge G28. Notices and other communications G22.1 This condition G22 applies where the lot is sold subject to tenancies that include service charge provisions. G28.1 All communications, including notices, must be in writing. Communication to or by the seller or the buyer may G22.2 No apportionment is to be made at completion in respect of service charges. be given to or by their conveyancers. G22.3 Within two months after completion the seller must provide to the buyer a detailed service charge account for G28.2 A communication may be relied on if: the service charge year current on completion showing: (a) delivered by hand; or (a) service charge expenditure attributable to each tenancy; (b) made electronically and personally acknowledged (automatic acknowledgement does not count); or (b) payments on account of service charge received from each tenant; (c) there is proof that it was sent to the address of the person to whom it is to be given (as specifi ed in the sale (c) any amounts due from a tenant that have not been received; memorandum) by a postal service that offers normally to deliver mail the next following business day. (d) any service charge expenditure that is not attributable to any tenancy and is for that reason irrecoverable. G28.3 A communication is to be treated as received: G22.4 In respect of each tenancy, if the service charge account shows that: (a) when delivered, if delivered by hand; or (a) payments on account (whether received or still then due from a tenant) exceed attributable service charge expenditure, (b) when personally acknowledged, if made electronically; but if delivered or made after 1700 hours on a business day the seller must pay to the buyer an amount equal to the excess when it provides the service charge account; a communication is to be treated as received on the next business day. (b) attributable service charge expenditure exceeds payments on account (whether those payments have been received G28.4 A communication sent by a postal service that offers normally to deliver mail the next following business day or are still then due), the buyer must use all reasonable endeavours to recover the shortfall from the tenant at the next will be treated as received on the second business day after it has been posted. service charge reconciliation date and pay the amount so recovered to the seller within fi ve business days of receipt in G29. Contracts (Rights of Third Parties) Act 1999 cleared funds; but in respect of payments on account that are still due from a tenant condition G11 (arrears) applies. No one is intended to have any benefi t under the contract pursuant to the Contract (Rights of Third Parties) Act 1999. G22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller must pay the expenditure incurred in respect of the period before actual completion date and the buyer must pay the expenditure incurred in respect of the period after actual completion date. Any necessary monetary adjustment is to be made within fi ve business days of the seller providing the service charge account to the buyer. G22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure or a depreciation fund: (a) the seller must pay it (including any interest earned on it) to the buyer on completion; and (b) the buyer must covenant with the seller to hold it in accordance with the terms of the tenancies and to indemnify the seller if it does not do so. G23. Rent reviews G23.1 This condition G23 applies where the lot is sold subject to a tenancy under which a rent review due on or before the actual completion date has not been agreed or determined. G23.2 The seller may continue negotiations or rent review proceedings up to the actual completion date but may not agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, such A full copy of the Common Auction Conditions consent not to be unreasonably withheld or delayed. G23.3 Following completion the buyer must complete rent review negotiations or proceedings as soon as reasonably including the Glossary can be found at: practicable but may not agree the level of the revised rent without the written consent of the seller, such consent not to www.rics.org/commonauctionconditions SOLD
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