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MS AUCTIONS 040614.Indd Below is the full auction catalogue in PDF format. It is advisable to obtain a hard copy of the catalogue from the Auction House prior to purchasing a property or incurring any expense in relation to a lot. Please note that lot details are subject to change and these changes are available from the Auction House directly. Residential & Commercial Property Auction Wednesday 4th June 2014 The Bentley London, 27–33 Harrington Gardens, London SW7 4JX Starting 12 noon CONTENTS Contents and Auctioneer’s Note .................................................................................................................................................................... 1 Guide to Auction ............................................................................................................................................................................................................. 2 Location .................................................................................................................................................................................................................................. 3 Lot Order and Guide Prices ................................................................................................................................................................................ 4 Auction Information ..................................................................................................................................................................................................... 5 Auction Conditions ...................................................................................................................................................................................................26 Index of Seller’s Solicitors ..................................................................................................................................................................................32 Registration Form for Proxy, Telephone or Internet Bidding .......................................................................................... 34 Memorandum of Sale ............................................................................................................................................................................................ 35 Auction Bidder’s Registration Form ........................................................................................................................................................ 36 AUCTIONEER’S NOTE Welcome to our spring auction catalogue We are again able to bring to you a compact but diverse catalogue of many different types of property. We are proud to offer everything from a windmill to a paddock and something to suit all pockets. There is no doubt that spring is in the air and summer is just around the corner. This is not only true of the time of year but is also true of the state of the London property market. Our activity in Peterborough and Lincolnshire shows that the regions and just beginning to catch up albeit slowly. Once again infl ation has stayed below the coalition government’s targets and the re organised banks are now in position not only to invest but also to provide lending on stable investments. This is proven by the fact that lending fi gures for March alone are running at £15.4bn. With mortgage rates remaining at all-time lows , infl ation less than 2% and house prices rising at roughly 8–8.5% year on year. EVERY REASON IS THERE TO BUY. My colleagues are always here to help. Please do always give us a call whatever your query at any time either directly to the offi ce or on our mobiles. I hope you enjoy our catalogue and I look forward to receiving your comments, thoughts and I hope your future auction lots too!! PLEASE note our one off change of venue we look forward to seeing you at The Bentley London. I bid you well Edward Swindells BSc (Dipsurv) Auctioneer & Valuer 1 YOUR GUIDE TO BUYING AT AUCTION Regular auction buyers know it is a simple process. But before We provide a proxy and telephone bidding service, details of coming to our sale we recommend prospective buyers: which, together with the terms and conditions, can be found on the website or at the end of this catalogue. • Browse upcoming sales or search for a specifi c property online. For those of you who cannot attend but want to follow the auction online please go to our website. This service will be • View the property details in the online catalogue available from the start of the auction. • Tell us about your interest. We may be able to help and tell Keep in touch with us you about any updates We are here to help you. If you register your interest with us via Read our website or by contacting us directly this will help us keep in The common auction conditions of sale (CAC) have been touch with you if there are changes.The time from ‘start to fall of published by the Royal Institution of Chartered Surveyors and the gavel’ can be fast. We want you though to be comfortable are reproduced on our website and towards the end of this once you join us, so here is an outline of the process. catalogue. As surveyors and auctioneers we have adopted • Auctioneer’s announcements: Our auctioneers open the CAC and the sale of properties in England and Wales are proceedings with preliminary remarks and announcements. subject to them. They set out the duties and obligations of the They may affect the property you aim to buy so we suggest buyers and sellers and of the auctioneer. This is an important you arrive promptly even though the lot you may be document. As far as possible it has been written in plain English interested in may be towards the end of the auction. but it does form part of your contract of purchase and some terms will inevitably use legal phraseology. • Auction day amendments: Sellers/solicitors may amend details up to the time of auction. Do check with us prior You should consult with your legal adviser before bidding and whether your property has sold prior/been withdrawn/ also your accountant regarding the impact of VAT, if applicable, subject to change. Don’t forget to get a copy of the fi nal on the sale price. The CAC are divided into three parts. If you version of the addendum which is available in the auction are intending to bid for yourself or another please read the room and ensure that you have seen and understand any Conduct of the Auction section carefully before arrival. If you addenda relating to the property for which you are bidding. need help in understanding them please contact us, preferably Guide prices may also change during the marketing period. by e-mail or consult your legal adviser. An up to date list is available in the auction room. Each property will have its own legal documents including the • Auction day assistance: We do want your time with us to Special Conditions of Sale which are supplied by the seller’s be rewarding and as pleasant as possible. If you have any solicitor. If you receive copies they should be checked against questions we usually have the sellers’ solicitors standing the originals before the auction to make sure they have been by or any of the MS Auction team are there to help you. If scanned correctly. Seller’s solicitors usually hold title deeds, you have any special needs regarding access or seating or leases and other documents relevant to the sale. They are disabilities where you require our assistance please let us usually available to download free from our website. Please let know. We will do our utmost to be of service. us know if getting a legal pack is problematic. Auction Procedure Check 1. Please bid in time and clearly. You are important to us and The information on each property in this catalogue has been we don’t want to miss your bid. provided and checked by the seller and their solicitor. We can only give a short overview of what is being sold and 2. If you are the highest accepted bidder when the gavel falls the photographs and plans are for identifi cation only. As a you are under a binding contract to purchase a property. potential purchaser you will know there is no substitute for An MS Auction team member will give you a purchaser’s your own research. Where we are aware of any changes before card. the auction these will be listed on the website under The 3. Write your name and address as the bidder; details of the Addendum. buyer if this is different and the name and address of the Inspect solicitor who is acting for the buyer. This information is The property: You must inspect the building inside and outside. used to complete the memorandum of sale, printed in the You may need professional advice to survey the condition of the back of the catalogue. building and the boundaries. Talk to the tenant of the property 4. At this point we ask for a deposit cheque for 10% of the if there is one and also to neighbouring occupiers; you can purchase price drawn on a UK clearing bank and payable learn a lot from others. As most of the properties are occupied, to the seller’s solicitor unless the Special Conditions of viewings must be arranged through us. Sale mention something else. The cheque is specially Double Check cleared as soon as possible so please ensure you have Sometimes properties are sold or withdrawn prior to auction adequate funds in your account. We do not accept cash. or information with which we have been supplied requires 5. At the same time you will be asked for two original forms updating as the marketing period progresses. This
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