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Auction Booklet.Indd CHARTERED SURVEYORS • AUCTIONEERS • VALUERS • ESTATE AGENTS W A BARNES LLP PORTLAND SQUARE SUTTON IN ASHFIELD NOTTINGHAMSHIRE NG17 1DA PER INSTRUCTIONS FROM EAST MIDLANDS HOUSING GROUP, MANSFIELD DISTRICT COUNCIL, EXECUTORS, BENEFICIARIES, TRUSTEES AND OTHER SOURCES A COLLECTIVE SALE OF INVESTMENTS AND “PROPERTY WITH POTENTIAL” OF IMMEDIATE INTEREST TO SPECULATORS, BUILDERS AND INVESTORS TO BE SOLD BY PUBLIC AUCTION (unless sold previously by Private Treaty) ON THURSDAY 28TH FEBRUARY 2013 AT THE TOWERS, BOTANY AVENUE, MANSFIELD, NOTTS NG18 5NG COMMENCING 3.00PM PROMPT We value your interest! These parti culars are believed to be correct but their accuracy cannot be guaranteed, and they do not consti tute an off er or a contract. They are issued subject to the properti es described herein not being sold, let, withdrawn or otherwise disposed of. tel 01623 554084 / 553929 fax 01623 550764 email [email protected] web www.wabarnes.co.uk IN ASSOCIATION WITH LITTLEWOOD & COMPANY 7 RUSSELL PLACE NOTTINGHAM NG1 5HJ WE SELL THE LOT! This is the fi rst of fi ve Collecti ve Sales of land and property that we will be holding throughout 2013 and the Catalogue embraces a good variety of sensibly reserved Lots that will appeal to the investor, speculator and those with a passion for “property with potenti al.” Those who att ended our December Aucti on will have witnessed a packed Sale Room and yet another 100% successful sale; Indeed, looking back over 2012, I am pleased to confi rm that we did, in fact, sell ALL residenti al Lots off ered throughout the year. This is way ahead of the industry standard which, according to stati sti cs issued by the Essenti al Informati on Group, is just 74% and gives prospecti ve vendors the confi dence that our aucti ons off er them the highest chance of success in a market that remains diffi cult. The vast majority of the properti es that we sell are purchased by Buy to Let investors. Looking forward, the conti nued drought of mortgage fi nance for many fi rst ti me buyers as well as relati vely high unemployment in the North Nott s area will mean that demand for rented accommodati on will remain as high as ever. Prudent investors are able to achieve relati vely high returns compared with the rest of the Region with the prospect of capital growth that will be generated when normal lending eventually resumes. Our aucti ons generate a well humoured but serious atmosphere that everyone seems to enjoy. Buyers are att racted in the knowledge that we have absolutely no personal interest in any of the Lots that we sell. We never issue deliberately misleading Guide Prices. We are now accepti ng Lots for our Spring Sale. If you are an Executor, Trustee, a Public Body acti ng in a fi duciary capacity or a private individual wishing to secure a defi nite sale within a defi ned ti mescale, we will be delighted to hear from you. I look forward to meeti ng you at the viewings and in the Room on the day. Tom Smith BSc(Hons)FRICS. Chartered Aucti oneer. RICS Registered Valuer. Contract Documents Legal Packs can be viewed on line, free of charge, by visiti ng our website www.wabarnes.co.uk and following the link or by calling into our Offi ce. Energy Performance Certi fi cates These form part of the Legal Pack and may be inspected as indicated above. DIRECTIONAL NOTES TO THE TOWERS, BOTANY AVENUE, MANSFIELD, NG18 5NG FROM MANSFIELD TOWN CENTRE Leave Mansfi eld town centre proceeding up Stockwell Gate which in turn becomes Sutt on Road. Proceed past the bus depot taking the next turning right immediately aft er The Bold Forester Public House into Botany Avenue where The Towers will be found approximately 50 yards on the left hand side. FROM JUNCTION 28 OF THE M1 MOTORWAY Leave the Motorway at Juncti on 28 sign posted A38 Mansfi eld. Proceed down the A38 following the signs for Mansfi eld. Proceed past Sutt on in Ashfi eld and at the main traffi c lights adjacent to the King’s Mill Reservoir turn right following the signs for Mansfi eld. Proceed past the King’s Mill Hospital, over the traffi c light juncti on, past the Sir John Cockle Public House on the left hand side and take the 2nd turning on the left into Botany Avenue immediately before The Bold Forester Public House where The Towers will be found approximately 50 yards on the left hand side. MONEY LAUNDERING REGULATIONS Please note that in order to comply with Money Laundering Regulati ons, Deposits can be paid by Cheque, Bankers Draft or by Card. Cash will not be accepted. Please note that if you choose to pay by Credit Card, a 2% surcharge will apply. 2 LOT 1 35 PORTLAND STREET SUTTON IN ASHFIELD NOTTS NG17 4AW FREEHOLD FULL VACANT POSSESSION GUIDE PRICE £50,000 PLUS DESCRIPTION Per instructi ons of East Midlands Housing Group. An excellent opportunity to acquire a modern, mid Town House found within a popular, highly convenient central positi on. Accommodati on comprises; Entrance hall, Lounge, rear entrance vesti bule, Kitchen. Two double Bedrooms plus Bathroom/w.c. Forecourt parking. Gas fi red central heati ng system plus double glazing. The property requires some internal refurbishment but off ers excellent potenti al for future renti ng, resale or owner occupati on when improved. LOT 2 157 SUTTON ROAD HUTHWAITE NOTTS NG17 2NF FREEHOLD FULL VACANT POSSESSION GUIDE PRICE AROUND £35,000 DESCRIPTION Per instructi ons of East Midlands Housing Group. An opportunity for the builder to purchase a traditi onal, three storey mid Terraced House in need of full modernisati on, refurbishment and upgrading. Popular positi on overlooking the park to the front. Clad externally with insulated render. Good access to all ameniti es. Accommodati on comprises; Lounge, separate Dining room, Kitchen plus ground fl oor Bathroom/w.c. Three double Bedrooms on upper two fl oors. Good potenti al for the rental market or resale when improved. 3 LOT 3 6 FIR TREE CLOSE FOREST TOWN MANSFIELD NOTTS NG19 0JE FREEHOLD FULL VACANT POSSESSION GUIDE PRICE £40,000 £45,000 DESCRIPTION An excellent opportunity for the prudent property investor to purchase a well-proporti oned two storey Semi- detached House designated as Defecti ve under the Housing Defect Legislati on but one which is ideal for future renti ng. The accommodati on is generally suitable for early occupati on and comprises; Entrance hall, Lounge, Dining- kitchen with modern fi tti ngs, three good sized Bedrooms plus modern Bathroom/w.c. Gas fi red central heati ng system. Double glazing. Gardens to front and rear. Cul de sac locati on close to all ameniti es. Previously let at £100 per week. 4 LOT 4 24 SHERWOOD STREET ANNESLEY WOODHOUSE NOTTS NG17 9HU FREEHOLD FULL VACANT POSSESSION GUIDE PRICE £45,000 PLUS DESCRIPTION A well-appointed, recently redecorated and improved traditi onal, Mid terrace House suitable for immediate occupati on. The accommodati on has new carpets fi tt ed throughout and comprises; Lounge, separate Dining room, Kitchen with modern fi tti ngs. Two Bedrooms plus modern Bathroom/w.c. Relati vely new gas fi red central heati ng boiler. Double glazing. Return frontage to Wesley Street and provides potenti al parking in back garden. Good, established residenti al locati on. Ideal for the investor or a very aff ordable home for the owner occupier. LOT 5 18 SOMERSALL STREET MANSFIELD NOTTS NG19 6EP FREEHOLD FULL VACANT POSSESSION GUIDE PRICE £45,000 TO £50,000 DESCRIPTION Per instructi ons of the Executor. A traditi onal two storey semi-detached home in need of general improvement and upgrading off ering good potenti al for the rental market or future resale. Accommodati on comprises; Hall, Lounge, separate Dining room, extended Kitchen. Three Bedrooms plus Bathroom/w.c. Gas fi red central heati ng system. Level rear gardens. Excellent opportunity for the investor, speculator or builder. 5 LOT 6 95A/95B NOTTINGHAM ROAD MANSFIELD NOTTS NG18 4AJ FREEHOLD PART VACANT POSSESSION PART SUBJECT TO TENANCY GUIDE PRICE £80,000 TO £85,000 DESCRIPTION A substanti al, three storey, Victorian Villa style, mid Terraced House, capably converted many years ago to create two Self-contained Flats found within a popular and convenient locati on on the South side of town. 95a comprises a self-contained fi rst/second fl oor Flat with fi tt ed Kitchen, Lounge, two double Bedrooms plus bathroom and separate w.c. 95b comprises a ground fl oor Flat with Lounge, Dining room, double Bedroom plus Kitchen with modern fi tti ngs and Shower room/w.c. There is a gas fi red central heati ng system provided to both units served by one boiler. 95a is let under an Assured Shorthold Tenancy at £410 per calendar month with Tenants being in occupati on for some ti me. 95b has, unti l recently, been let at £390 per calendar month but is now vacant. Excellent opportunity for those wishing to establish or expand a residenti al investment portf olio capable of generati ng high returns. 6 LOT 7 75 CHATSWORTH STREET SUTTON IN ASHFIELD NOTTS NG17 4GG FREEHOLD FULL VACANT POSSESSION GUIDE PRICE £35,000 TO £40,000 DESCRIPTION A traditi onal, three storey mid Terraced House previously let, now vacant but off ering good potenti al for future renti ng. The accommodati on is in need of some general improvements but will appeal to the investor. Accommodati on comprises Lounge, Dining kitchen, ground fl oor Bathroom/w.c.
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