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THE MIDLANDS AUCTION CENTRE Bagshaws Residential Property Auction Wednesday 1st April 2020 commencing at 11.30am Derbyshire County Cricket Club Nottingham Road Derby DE21 6DA Page 2_17.qxp_Layout 1 13/03/2020 15:51 Page 1
Auction Venue Derbyshire County Cricket Club
Nottingham Road, Derby DE21 6DA.
Car M1 NORTH N RACECOURSE PARK Directions from the M1 motorway, junction 25 and
A61 Nottingham, proceed along the A52 sign posted to
DERBYSHIRE COUNTY CRICKET CLUB derby. As you reach the pentagon island, take the 4th exit and you see will the cricket ground located on your CAR PARK A601 left hand side. Directions from the A38 via West
ROAD NOTTINGHAM CITY Midlands, proceed up the A38 towards Derby passing CENTRE PENTAGON ISLAND straight over at the Markeaton island on to Queensway, A52 then proceed down to Little Eaton island, take the 3rd
A52 DERBY exit on to the A61 and you will follow this road to RAILWAY STATION pentagon island to which you will need to take the first NOTTINGHAM A601 & M1 JCT 25 exit.
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Contents
Introduction ...... 4
Meet the Team ...... 4
Money Laundering Regulations ...... 5
Auction Information ...... 6
Remote Bidding Form ...... 11
Bidders Registration Form ...... 13
Auction Notices ...... 38
General Conditions of Sale ...... 40
Office Address: Midlands Auction Centre, 32-34 Cornmarket, Derby DE1 2DG Tel: 01332 542296 Email: [email protected] www.bagshawsauctions.co.uk www.rightmove.co.uk
Bagshaws Residential is a trading name of Sequence (UK) Limited, registered in England and Wales, company number 4268443. Registered at Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, LU7 1GN. Registration Number: 5002 248105.
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Introduction
Welcome to our second auction of the year. website www.bagshawsauctions.co.uk. My team are here to assist you in the From our last auction on the 12th February, it was clear that buyers had a surge lead up to the auction with any enquiries or questions you may have. in confidence and commitment to purchase with most of the political This will be a busy auction so please arrive in plenty of time to register to bid uncertainty settled. Buyers are still very focused on value for money and whilst and ensure you collect your bidding paddle at the auction. Bring your debit we may expect to see property prices rise throughout the year, we are currently card for payment of your deposit (minimum of £5,000 or 10%) together with at the beginning of this trend. your identification requirements which you will find listed in the Money As you page through our catalogue whether it’s online or our printed version Laundering Regulation Section of this catalogue as well as on our website, In we have an array of different properties to suit each buyer’s needs, whether fact, why not pre-complete the bidders registration form so you can simply you are an investor or somebody looking for their first home. We have a hand this to one of my members of staff when you arrive at the auction room fantastic plot of land with planning permission located in Cromford close to itself. the Peak District. We have a range of properties located within Derby such as We will continuously monitor the situation regarding Covid-19 and implement a three bedroom, end terrace, close to the city centre as well as a two bedroom, appropriate health and safety precautions to ensure our commitments to the semi-detached property in Sinfin and a three bedroom, semi-detached home safety of our attendees. Appropriate measures are being put in place at the in Allenton. Further afield we have a plot of land in Kings Bromley, Burton-on- venue, including multiple hand-sanitisers, and guidance has been issued to our Trent and a three bedroom, semi-detached home which requires total staff regarding personal hygiene measures. refurbishment in Shirebrook. We advise all attendees to practice safe hygiene measures including, not It is easy to get carried away in the auction room and for this reason, you must shaking hands with other attendees, thoroughly washing hands regularly, using make sure you are prepared before purchasing a lot. The savvy bidder may well the hand sanitizer provided, and sneezing into tissues followed by immediate bid and purchase a lot that they have neither seen, carried out any due and appropriate disposal, in bins provided. diligence on or even made arrangements for completion. It is of course entirely your decision however, it is always our recommendation that you see any lot No one is more experienced in this field than Bagshaws Residential and if you you wish to bid for and that you arrange for your solicitor/conveyancer to are considering selling a property at auction you should not hesitate to contact advise you on the content of the legal pack. Finally, make sure you have funds a member of the team for friendly free advice on Derby 01332 542296. or arrangements in place to pay not only the deposit, but also the balance We look forward to welcoming you to our second auction of 2020 at the upon completion. Don’t forget when you bid at auction, you are bidding to Derbyshire County Cricket Ground on 1st April and wish you the best of luck buy, and on the fall of the auctioneers gavel you have exchanged a binding with your bidding. contract. Simon Gillibrand As always, legal packs are available to download free of charge from our Auction Partner
Meet the Team
Simon Gillibrand Simon Arnes Paul Perriam Simon Anderson Giles Hart Auction Partner Auctioneer Business Development National Operations Manager Director
Ian Simmonds Rob Southwell Jamie Forman Kevin Jackson Yasmin Ward Area Director Area Partner Land Manager Area Director Auction Co-ordinator
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Money Laundering
MONEY LAUNDERING REGULATIONS 2017 The Money Laundering Regulations, 4th Directive came into effect on 26th June 2017 and as property auctions fall within a ‘relevant business’ it is a requirement upon this company to follow certain procedures within this legislation. As a result, all buyers attending our auctions and transacting business with us must provide relevant documentation in order to prove their identity and place of residence. Buyers should note that these documents are required for these purposes only and copies are taken subject to all data protection regulations. If you are attending the auction on behalf of a potential buyer, you must be able to provide proof of your own identity and residence and certified copies of the buyer’s identity and residence. Certified copies must be of original documentation and bear an original signature of the person certifying the document and signed as true certified copies and confirm photographic ID is a true likeness of the subject. Only copies certified by a UK lawyer, UK banker, authorised financial intermediary such as an independent financial advisor, FCA regulated mortgage broker, certified accountant, teacher, doctor, minister of religion can be accepted. All of the above must be capable of being contacted by telephone by us prior to you buying and/or on the day of the auction. DOCUMENTATION BIDDERS/BUYERS MUST SHOW US If you conduct business with us and are an individual, the documents we can accept are listed below. We must verify your name and residential address and require two documents. One document must be from List A and one document from List B. You must allow us to copy this documentation for storage and filing for 5 years. Please note we may carry out electronic verification of any documents provided. For UK trusts, companies and partnerships, occupational pension schemes, registered charities in England and Wales, local authorities or non-UK individuals you should contact us well in advance of bidding at the auction or buying to confirm the documentation we require.
LIST A – EVIDENCE OF IDENTITY (INCLUDING PHOTOGRAPH) I Valid passport I Valid photo card driving licence (full or provisional) I National Identity card (Non-UK Nationals) I Firearms certificate I Identity card issued by the Electoral office for Northern Ireland I Inland Revenue (HMRC) registration card LIST B - EVIDENCE OF RESIDENCE (AND SHOWING YOUR NAME) I The most recent utility bill (not mobile phone bill) it can be within 12 months if it is an annual bill I Current council tax demand letter I Valid photo card driving licence I Bank statement or credit card statement dated within the last 3 months I Mortgage statement issued within the last 12 months I Council or housing association rent card for the current year I Current tenancy agreement
QUERIES AND CONTACTING US If you have any queries relating to these regulations and our requirements you should contact us well in advance of bidding at auction or buying before or after the auction. Please contact Yasmin Ward on 01332 542296 or email [email protected]
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Auction Information
AUCTION ENQUIRIES If you have any enquiries regarding properties in this auction, viewing i properties, bidding at auction or to submit your own property into our next auction, please call our auction team on 01332 542296 or email us at [email protected]
GUIDE PRICES £ You will find Guide Prices on the order of sale and viewing details on each lot within this catalogue. The most up-to-date Guide Prices for each lot are published on our website. Guide Prices must not be relied upon as a valuation or assessment of value of the property, but are intended to provide an indication of the region at which the reserve may be set. The Guide Price may be subject to variation and interested parties are advised to make regular checks and should be aware that the reserve price may be either below or above the quoted Guide Price.
PROPERTY VIEWINGS Viewings are available on most properties and are usually arranged as block viewings. The dates and times for these viewings are detailed in the enclosed Guide Prices and Viewings leaflet. Please check the latest viewing information published against each lot on our website, where you can also confirm attendance. There is no need to book, just turn up at the time indicated but please be prompt. Other viewing arrangements will be specified against each lot in the catalogue.
LEGAL PACKS Legal Packs, including the Special Conditions of Sale along with any other relevant information will be available online for each lot. Register for free at www.bagshawsauctions.co.uk to download these documents. If they are unavailable, just save the lot and when they are published you will be notified and you will receive notifications of any updates.
IDENTIFICATION In order to register to bid at our auction you will need to provide two forms of identification; a Passport or Photocard Driving Licence plus a separate Proof of Address Document. A full list of acceptable forms of identification can be found under the Money Laundering Regulations on page 5. Registration in advance is available via our website.
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LATE ANNOUNCEMENTS AND ADDENDA There may be information that was either unavailable at the time of going to print or was supplied to the Auctioneers incorrectly. These corrections are available at the auction on our Late Announcements sheet and are also uploaded to our website prior to the auction.
TELEPHONE/PROXY BIDDING If you are unable to attend the auction you can arrange to bid via telephone or proxy bid. You can register online or complete the Telephone/Proxy Bidders form on page 11 of this catalogue, return it to our office and arrange payment to us for both the purchase deposit (typically 10% of the purchase price) and our Contract Documentation Charge, along with certified copies of your ID and proof of residential address as set out on page 5.
PAYMENTS AND DEPOSITS Most properties require a 10% deposit (£5,000 minimum) to be paid by the successful bidder (note: some deposits may be higher) and is due immediately after bidding, along with our Contract Documentation Charge. We accept the following payment methods:
Debit Card Bank Transfer
AUCTION RESULTS/POST AUCTION SALES The full auction results will be available on our website on the day after the auction. You will also be able to see available unsold lots and put forward offers on these.
AUCTION FILMING From time to time the auction may be filmed or photographed by Bagshaws Residential or by a third party. BBC Television may film for “Homes Under the Hammer” and anyone attending does so in full knowledge of this.
EMAIL ALERTS To receive auction alerts, updates and newsletters please register with your contact details at www.bagshawsauctions.co.uk
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Find everything online
It’s now easier to find everything you need online. Visit www.bagshawsauctions.co.uk, to register, search for properties and download legal documents, all from your computer, laptop or smartphone.
PROPERTY SEARCH Once our auction goes live you will be able to search our list of properties that are available, they will also be available to view via Rightmove and Zoopla. If you are interested in any of the properties, please call our office on 01332 542296
LEGAL DOCUMENTS You will be able to view and download the Legal Pack for any property you are interested in. If the Legal Pack is unavailable you can register your interest and we will inform you when it is published.
VIEWINGS You will usually be able to view each lot when they are available, this will either be through our local branch or an external agent as well as through the auction centre.
BIDDERS REGISTRATION Save time at the auction and pre-register by filling in either the form on page 13 or by printing the form from our website www.bagshawsauctions.co.uk and bring along the proof of identification documents as laid out on page 5.
TELEPHONE/PROXY BIDDING You can register for remote bidding by filling in either the form on page 11 or by printing the form from our website www.bagshawsauctions.co.uk. We will need to see your proof of identification when this form is supplied to us either via your local branch or via our identity check app Credas.
EMAIL ALERTS You can sign up to go on our mailing list and we will notify you when our latest Auction Catalogue is available and remind you when the auction is coming up.
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Remote Bidding
WE STRONGLY RECOMMEND THAT YOU ATTEND THE AUCTION IN PERSON.
However, if you are unable to make it on the day we offer telephone or proxy bidding.
TELEPHONE BIDDING We will call you when the lot you are interested in comes up and take live bids from you over the phone.
PROXY BIDDING We agree a limit with you prior to the auction and bid on your behalf in the auction room.
You can register for remote bidding by filling in either the form on page 11 or by printing the form from our website www.bagshawsauctions.co.uk.
You can view all our results for this and past auctions by visiting www.eigpropertyauctions.co.uk
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Hassle Free Identity Checks...
...from the comfort of your home
Introducing Credas’ Award Winning 4GOQVG+FGPVKV[8GTKƂECVKQP
5KORN[VCMGCUGNƂGCPFCRJQVQQH[QWT+&FQEWOGPVCPF Credas do the rest, performing Know Your Customer (KYC) andand Anti-MoneyAnti-Money LaunderingLaundering (AML) checkschc ecks inin real-time.real-time.
Bagshaws Residential are now using Credas, a FREE service to WPFGTVCMG-;%CPF#/.EJGEMU HQTVGNGRJQPGCPFRTQZ[DKFFGTU
For more information visit credas.co.uk
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Telephone/Proxy Bidders Form Please also sign the reverse side of this form and return
Please select method of bidding (TICK ONE)
Telephone: Telephone contact is a requirement before bidding.
Telephone or Proxy: If a telephone link cannot be established I authorise Bagshaws Residential to bid on my behalf.
Proxy: I authorise Bagshaws Residential to bid on my behalf up to the amount laid out below.
Auction date: ...... Lot No: ......
Property address: ......
......
Maximum bid: £ ...... Figure in words: ......
uncertainty could result in Bagshaws Residential not bidding.)
I have provided payment via debit card payment or direct bank transfer for: £ ......
Figure in words: ...... This figure being 10% of your maximum bid (subject to a minimum deposit of £5,000 unless otherwise specified in the Special Conditions of Sale). PLUS £1,200 (inclusive of VAT) Contract Documentation Charge.
Documentation required: Proof of address dated within last 3 months All copy documents attached MUST BE
that the photographic ID is a true likeness to the individual. Please refer to page 11 of the catalogue for details of documents required and accepted countersignatories.
Source of Funds (It is a HMRC requirement for us to understand where your funds are coming from - please kindly tick to suit)
Savings Gifted Proceeds from Sale Business Finance
Contract Details: Please give details of the person or company who is to be the owner of the property. This name will appear on the Memorandum of Sale.
Contract name: ...... Mobile No: ......
Address: ...... Home No: ......
...... Business No: ......
...... Email: ......
Bidder’s Details (if different from Contract Details): Solicitor’s Details: Name: ...... Company name: ...... Telephone No:...... Contact name: ...... Mobile No: ...... Telephone No:...... Address: ...... Address: ...... Postcode: ...... Postcode: ...... Email: ...... EmailL ......
Signature: ...... Date: ......
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Terms & Conditions to bid by phone or proxy
Minimum deposit is £5,000 unless otherwise stated in the Special Conditions of Sale, PLUS our £1,200 Contract Documentation Charge for each lot.
Anyone not able to attend the auction may use Bagshaws Residential services for telephone, or proxy bids on the following terms and conditions. 1 The bidder must complete a separate authority form for each. 10 In the event that the bidder is unsuccessful in gaining the 00 Lot involved, and provide a debit card payment or direct bank 00 Contract, the deposit monies shall be returned to the bidder transfer, for 10% of the maximum amount of the bid for each Lot promptly. (account details on request). Please note the minimum deposit for Once delivered to the auctioneers, the authority to bid is any telephone bid is £5,000 (or as otherwise specified in the 11 binding on the bidder on the day on which the particular Lot Special Conditions of Sale) per lot. 00 is auctioned. This is to allow for the possibility of a Vendor agreeing The form must be mailed or delivered to: Bagshaws to sell post auction where the bidding has not reached the reserve. 2 Residential, Midlands Auction Centre, 32-34 Cornmarket, 00 The authority can only be withdrawn by notification in writing Derby DE1 2DG to arrive before 6pm two working days prior to the 12 delivered to Bagshaws Residential at their office two hours start of that month’s auction or it can emailed to us at 00 before the start of the auction on the day the relevant Lot is scheduled [email protected]. It is the bidder’s responsibility to be auctioned, or by delivery into the hands of the Auctioneer in the to check that the form is received by Bagshaws Residential and this auction room half-an-hour before the start of that day’s auction. It is can be done by telephoning the office. the bidder’s responsibility to obtain a receipt on a copy of the 3 The bidder shall be deemed to have read the Auction Notices withdrawal notification signed by one of the Auctioneers and without 00 printed on pages 38-39 of the catalogue; the particulars of such a receipt the authority stands and any successful Contract is the relevant Lot in the catalogue; the general and special conditions binding on the bidder. of sale. The bidder shall be deemed to have taken all necessary If the bidder, or an agent, actually bids at the auction without professional and legal advice and to have made enquiries and have 13 having previously withdrawn the authority, the Auctioneer is knowledge of any announcements to be made from the rostrum of 00 at liberty to accept such bid in addition to any bid from Bagshaws any amendments relating to the relevant Lot. Announcements can Residential staff as empowered under the telephone/written authority. and should be checked by bidders prior to bidding, however, the Bagshaws Residential would have no liability whatsoever if the price Auctioneers will advise the bidders of any announcements as soon as achieved is the result only of this competition in bidding without possible prior to the Auction. intervention from other bidders. In the case of telephone bids, at about the time that the Lot I hereby confirm that I have read and understood the above terms and 4 comes up for auction attempts will be made to contact the 00 conditions to bid by telephone/letter bidder by telephone and, if successful, the bidder may then compete in the bidding up to the maximum of the amount authorised in the Signed: ...... completed authority form. Date: ...... The Auctioneers will not bid beyond the maximum authorised Please sign this page and complete the form overleaf. amount except without express authority. 5 In the event that the telephone link is not established, or CHECKLIST 00 breaks down, or there is any confusion or disruption, Bagshaws Residential will bid/continue to bid on behalf of the bidder Deposit provided up to the maximum of the authorisation. Proof of identity enclosed* In the case of written bids, Bagshaws Residential staff will Proof of address enclosed* 6 compete in the bidding up to the maximum of the 00 I confirm I am NOT a Politically Exposed Person authorisation. If no maximum is inserted Bagshaws Residential reserve the right not to bid. All copy documents attached MUST BE countersigned by an authorised individual* who has seen the original document and can confirm that the 7 While Bagshaws Residential will use best endeavours when photographic ID is a true likeness to the individual. Please see page 5 of 00 bidding on behalf of a bidder, we cannot accept responsibility the catalogue for details of documents required. for any actions or inactions on our part including errors, omissions or *Documents can only be certified by a UK lawyer, UK banker, authorised doubts whether in the bidding or in the failure to bid and we can give financial intermediary such as an independent financial advisor, FCA no warranty or guarantee accordingly whether about the bidding or regulated mortgage broker, certified accountant, teacher, doctor or about the failure to bid. minister of religion. Politically exposed persons (PEPs) are those whose prominent position in In the event that the telephone/written bid is successful the 8 public life may make them vulnerable to corruption. The definition 00 Auctioneer will sign the Memorandum of the Contract on extends to immediate family members and known close associates. behalf of the bidder (a Contract would have been formed on the fall of the hammer). Once you have read and completed both parts of these forms please the event of a Contract, the deposit monies will be applied so return to: Bagshaws Residential, Midlands Auction Centre, 32-34 009 far as necessary to meet the requirement for a 10% deposit Cornmarket, Derby DE1 2DG (minimum £5,000 or as otherwise specified in the Special Email: [email protected] Conditions of Sale) and the balance of the deposit (if any) will be returned promptly to the bidder. Tel: 01332 542296
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Bidder Registration Form
You will need to bring with you this form duly completed and TWO FORMS OF IDENTIFICATION BIDDER NO.
of any documents provided may be carried out by Bagshaws Residential. A: A valid passport or a valid signed UK photo-card driving licence - (proof of identity) LOT NO. B: A utility bill or bank/credit card statement dated within the last 3 months - (proof of residence)
By registering, you confirm that you have read the Auction Notices on pages 38 and 39 and that you have carried out your due diligence prior to bidding.
Name of bidder: ...... Name of buyer (if different): ...... Postal address: ...... Postcode: ...... Contacts: Home: ...... Work: ...... Mobile: ...... Email: ...... Solicitors: ...... Address: ...... Postcode: ...... Tel No: ...... DX No: ...... Signature: ...... Date: ......
NOT a Politically Exposed Person Politically exposed persons (PEPs) are individuals whose prominent position in public life may make them vulnerable to corruption. The definition extends to immediate family members and know close associates).
Source of Funds (It is a HMRC requirement for us to understand where your funds are coming from - please kindly tick to suit)
Savings Gifted Proceeds from Sale Business Finance
Photo: Y/N ID Provided B: Address Date of bill:
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Buyers Checklist
Before arriving at the auction, for your peace of mind, check you have done the following:
Taken professional advice from a solicitor/surveyor and/or an accountant.
Read all the conditions in this catalogue.
Inspected the lot/lots you have chosen.
Undertaken all the usual searches and usual enquiries.
Read all the available documentation including leases relating to the lot/lots.
purchase price.
completeness of the catalogue.
BIDDER REGISTRATION You must be in possession of a bidders paddle in order to bid at this auction.
You can reserve your bidders paddle online at bagshawsauctions.co.uk/register-to-bid or fill in the form on page 13 and provide two forms of identification at the Registration Desk.
PLEASE NOTE:
Cheques are no longer accepted as a form of deposit payment.
Deposits must now be paid by Debit Card or On-line instant Bank Transfer.
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Memorandum of Sale
Date of Auction: ______Lot Number: ______
Property Address:______
______
The Seller(s): ______
Seller(s) Solicitor: ______
______
Purchase Price: £ ______
Deposit: £ ______
Balance £ ______
Exchange Date: ______
Completion Date: ______
The Buyer(s) Full Name(s): ______
Address: ______
______
Contact Numbers: ______
The Buyers Solicitor: ______
Address: ______
______
Contact Numbers: ______
Declarations I/We the above named Buyer(s) hereby acknowledge that I/we have today purchased the Lot described above and in the attached particulars and have paid to Bagshaws Residential Auctions Auctioneers the above mentioned deposit in part payment of the above mentioned purchase price. I/We confirm that the above mentioned Buyers Conveyancer is the person duly authorised to accept notices on behalf of the Buyer(s) for the purposes of the General and Special Conditions. I/We acknowledge my/our agreement to pay the remainder of the purchase price and to complete the purchase in accordance with the annexed General and Special Conditions of Sale and any relevant entry on the Addendum. It is further acknowledged and warranted that I as the person who bid for this Lot and have signed this memorandum if not the Buyer(s) named above have authority to act on behalf of the Buyer(s) listed. I have read, understand and agree to the inside cover of this contract headed “Important Notice” and the section entitled “Conduct of the Auction” printed within the General Conditions of Sale. We Bagshaws Residential Auctions Auctioneers, as Agents for the Seller, hereby confirm the sale and acknowledge receipt of the above mentioned deposit in accordance with the General and Special Conditions of Sale applicable and any relevant entry on the Addendum.
Signed by the Buyer(s) or on his/her behalf ______
Signed by and on behalf of Bagshaws Residential Auctions Auctioneers ______
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Your Guide to Buying at Auction
Buying at auction has become a far popular way, with many clients purchasing there first auction properties. We have therefore drawn up some basic guidelines to ensure that our clients maximise their experiences and take advantage of such a wide variety of properties available in one auction venue. Our auction specialists have created a list of auction do’s and don’ts. If you have any questions, please do not hesitate in calling your local auction centre, where a member of the auction team will be more than happy to help.
DO’S DON’TS
DO think ahead. Sequence Group holds regular auction sales with a DON’T forget to pre arrange your finances, such as mortgage, cash or catalogue printed some weeks in advance. For your copy please contact bridging finance. our catalogue hotline. DON’T forget to leave plenty of time to arrive at the auction, so you DO go through the catalogue carefully. We are proud of our selection can register to bid and obtain your bidders paddle. of properties, each of which carries a brief description. Read our details DON’T be late into the auction room, this will give you chance to see thoroughly and identify the properties you are interested in. how the auction is conducted watch other lots being sold. DO investigate what the property is likely to fetch. The Auctioneers DON’T come without identification. We will need some proof of usually give a guide price but this may not necessarily be an indication identity when you pay your deposit. IF YOU DO NOT HAVE ID YOU of what the property may sell for. CANNOT BID.
DO go and have a look around any property you are interested in. You DON’T forget your debit card, you will need it to pay the deposit and will see the viewing arrangements in the catalogue. Simply ring your Contract documentation charge. local auction centre, or the local agent, as indicated. DON’T assume that all properties included in the catalogue will be DO take legal advice. Buying at auction is a firm commitment and offered on the day of the sale. Some may be withdrawn, and some may carries the same legal implications as a signed contract by private treaty. be sold prior to auction. Check with us the day before the auction to Legal Packs are available on our website free of charge. clarify the latest position. DON’T leave the insurance to sort out later. The property becomes the DO read the Auction Notices to be Read by ALL Bidders. This is printed buyers insurable risk as soon as the hammer falls. in the catalogue. DON’T panic. Our auctioneers understand the pressure that first time DO get a copy of the Addendum Sheets. These are distributed around auction buyers can experience in the sale room, and will be as helpful the auction room. These contain any late amendments, information or as possible. alterations. DON’T worry if you are unable to attend. You can buy a property at DO plan ahead if you need mortgage assistance. We offer free advice our auction by telephone or by proxy if prior arrangements have been through our own Sequence branches, but buyers should consult them made. well in advance, in anticipation of coming to future auctions. DON’T give up if the lot you are bidding for fails to make its reserve as DO leave time to get a survey done, if required. Your mortgage finance it may be that the seller will decide to accept your bid later. Make sure may be reliant on the results, not to mention your peace of mind. you leave your details with us should this happen. DON’T DO organise your deposit before the auction. We ask for a 10% lose track of the lot numbers, some of the properties sell very (minimum £5,000) deposit, once the Hammer falls to you, payable at swiftly. the same time you sign the contracts. Your Bank needs to be made DON’T expect long drawn out formalities. We shall have your copy of aware that a large payment will be taken by debit card. We no longer the contract made up very soon after the hammer falls. Simply tell our accept cheques. The balance of the monies is to be paid to your own staff your personal details, sign the contract, pay your deposit and solicitor before the completion date. contract documentation charge, and you will receive the Memorandum of Sale there and then! DO Remember to bring the means to pay the CONTRACT DOCUMENTATION CHARGE of typically £1,200.00 (inc. VAT) for each DON’T let people put you off the idea of buying at auction. With the Lot purchased. right forward planning and research you will find an auction a speedy and simple way of buying a property. DO feel free to make a bid prior to auction. It is possible that in some instances the seller may agree a sale prior to auction.
DO make sure the Auctioneers have your bid, by clearly indicating with your bidders paddle.
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Order of Sale
*Please refer to ‘Auction Notices’ at the back of this catalogue regarding guide and reserve prices
Lot Address *Guide Price
1 81 Brushfield Street, Nottingham, Nottinghamshire £60,000 - £70,000
2 5 Howard Street, Derby, Derbyshire £85,000 - £95,000
3 59 Grantley Street, Grantham, Lincolnshire £85,000 - £95,000
4 22 Delta Street, New Basford, Nottingham, Nottinghamshire £74,000
5 Building Plot on Alabaster Lane, Cromford, Matlock, Derbyshire £150,000
6 27 Stenson Avenue, Sunnyhill, Derby, Derbyshire £110,000
7 249-251 Abbey Road, Smethwick, Birmingham, West Midlands £300,000 - £325,000
8 Development Site, Primrose Wood, Crich Lane, Belper, Derbyshire £350,000 - £400,000
9 Plot 3, Primrose Wood, Crich Lane, Belper, Derbyshire £15,000
10 Plot 4, Primrose Wood, Crich Lane, Belper, Derbyshire £15,000
11 Land to the rear of, Primrose Wood, Crich Lane, Belper, Derbyshire £50,000
12 32 Cockayne Street South, Allenton, Derby, Derbyshire £65,000 - £75,000
13 83 Birchfield Way, Walsall, West Midlands SOLD PRIOR
14 26 Douglas Road, Sutton-In-Ashfield, Nottinghamshire £65,000 - £75,000
15 37 Willesden Avenue, Mackworth, Derby, Derbyshire £100,000
16 46 Grange Street and Annex, Burton-On-Trent, Staffordshire SOLD PRIOR
17 Land adjacent to Stables Lodge, Grassy Lane, Burnaston, Derby, Derbyshire £250,000 - £300,000
18 69 North Road, Clowne, Chesterfield, Derbyshire £65,000
19 Land and Stables adjacent to Calvery House, Sinfin Moor Lane, Chellaston, Derby, Derbyshire £100,000 - £120,000
20 12 Church Street, Donington, Spalding, Lincolnshire £180,000
21 Mount Pleasant Farm Cottage, Snelston, Ashbourne, Derbyshire £250,000
22 Land opposite The Manor, Manor Park, Kings Bromley, Burton-On-Trent, Staffordshire £10,000 - £20,000
23 24 Weston Road, Birmingham, West Midlands £60,000
24 23 Lonsdale Road, Nottingham, Nottinghamshire £50,000
25 Plot adjacent to 20 Bowditch Road, Spalding, Lincolnshire £20,000 - £25,000
26 2 Main Road, Middle Mayfield, Ashbourne, Derbyshire £90,000
27 40 Garden Avenue, Shirebrook, Mansfield, Nottinghamshire £50,000
28 26 Holderness Close, Stenson Fields, Derby, Derbyshire £110,000 - £130,000
17 > Situated in Nottingham can be found this two bedroom, mid-terrace property LOT 1 > The property is currently let with a rental income of £425 per calendar month
81 Brushfield Street, Nottingham, Nottinghamshire NG7 5LL Description Situated just off Gregory Boulevard on Brushfield Street, in Radford can be found this traditional, two bedroom, mid-terrace property. The property is currently let with a rental income of £425 pcm, however it does require a scheme of modernisation and repair. The accommodation briefly comprises of a dining room, lounge and an open plan galley kitchen along with a downstairs bathroom W/C. The mid-terrace home is conveniently located for access to local shops and supermarkets in the nearby neighbourhood of Hyson Green. There are also good transport links to include trams and trains into Nottingham city centre. We are led to believe that there is no selective license on this property and the current owner is in the process of applying for this.
Accommodation Ground Floor: Dining room, lounge, kitchen, rear lobby, bathroom W/C. First Floor: Landing area, two bedrooms. Exterior: Rear yard.
Tenure Freehold
EPC Energy Efficiency Rating: Awaiting EPC to become available
Vendor's Solicitors Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. Tel: 01332 346430. Ref: Parminder Singh.
Viewing William H Brown Nottingham, 20 Upper Parliament Street, Nottingham, NG1 2AD - Tel: 0115 958 7766.
*Guide Price £60,000 - £70,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> Opportunity to acquire this generous proportioned, three bedroom, mid-terrace property LOT 2 > The property is located in the heart of Normanton, Derby close to many local amenities
5 Howard Street, Derby, Derbyshire DE23 6TX
Description Opportunity to acquire this generous proportioned, three bedroom, mid-terrace Tenure property situated in the heart of Normanton, Derby. The property does require a Freehold scheme of modernisation throughout to it up to todays modern day standards. Howard Street is conveniently located close to a wide array of local shops, mini EPC markets, multi-cultural centres and takeaways as well as plenty of other leisure Energy Efficiency Rating: D with a total floor area of 871.88 sq ft / 81 sq m. facilities. The accommodation briefly comprises of a good sized kitchen/diner, a lounge to the front as well as a good sized rear garden mainly laid to lawn with Vendor's Solicitors a patio. Derby city centre can also be found close by with its many amenities and Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. good links to the A38 and the A52. Tel: 01332 346430. Ref: Parminder Singh.
Accommodation Viewing Ground Floor: Entrance hallway, lounge, kitchen/diner. Bagshaws Residential Derby, 32-34 Cornmarket, Derby, Derbyshire, DE1 2DG - First Floor: Landing, three bedrooms, bathroom W/C. Tel: 01332 361308. Exterior: Gardens to the front and rear. *Guide Price £85,000 - £95,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 18 13/03/2020 15:52 > Opportunity to acquire this two bedroom, mid-terrace property requiring modernisation LOT 3 > Situated in Grantham town centre and also within easy access to Grantham train station
59 Grantley Street, Grantham, Lincolnshire NG31 6BW
Description Situated in Grantham town centre and also within easy access to Grantham train Tenure and bus stations can be found this two bedroom, mid-terrace property. The Freehold property does require some modernisation however it does briefly comprise of two reception rooms, a ground floor bathroom, two bedrooms and access to a EPC boarded out loft. The home would be ideal for an investor looking to add to Energy Efficiency Rating: E with a total floor area of 1087.15 sq ft / 101 sq m. their portfolio or if someone is looking for their first investment property. Grantham town centre has an array of local amenities such as shops, bars, Vendor's Solicitors eateries and excellent access to the A52 and A1. Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. Tel: 01332 346430. Ref: Parminder Singh. Accommodation Ground Floor: Entrance hallway, lounge, dining room, rear lobby, bathroom Viewing W/C. William H Brown Grantham, 63 High St, Grantham, NG31 6NN - Tel: 01476 First Floor: Landing, two bedrooms, boarded out loft. 566363. Exterior: Enclosed paved rear garden. *Guide Price £85,000 - £95,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> Situated in New Basford is this traditional, mid-terrace, two bedroom property LOT 4 > The property is currently vacant and would be ideal for an investment buyer
22 Delta Street, New Basford, Nottingham, Nottinghamshire NG7 7GJ
Description Tenure Situated on a popular residential street in New Basford is this traditional, mid- Freehold terrace, two bedroom property. The accommodation briefly comprises of two reception rooms, a modern fitted kitchen and two double bedrooms. The EPC property is currently vacant and would be ideal for an investment buyer wanting Energy Efficiency Rating: D with a total floor area of 828.82 sq ft / 77 sq m. to add to their portfolio. The home is located within easy access to Nottingham town centre which benefits from an excellent array of shopping and leisure Vendor's Solicitors facilities as well as good public transport links to include buses, trams and trains. Campions Solicitors, 45-49 Mansfield Road, Nottingham, Nottinghamshire, NG1 Good access can also be found to the M1 motorway, junction 26. 3FH. Tel: 0115 924 7028.
Accommodation Viewing Ground Floor: Lounge, dining room, kitchen. William H Brown Nottingham, 20 Upper Parliament Street, Nottingham, NG1 First Floor: Landing, two bedrooms, bathroom W/C. 2AD - Tel: 0115 958 7766. Exterior: Rear yard. *Guide Price £74,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 19 13/03/2020 15:52 > Fantastic individual plot of land with a field and planning permission in Cromford LOT 5 > The planning is for the erection of a bespoke constructed, four bedroom dwelling
Building Plot on Alabaster Lane, Cromford, Matlock, Derbyshire DE4 3QJ
Description First Floor: Landing, bedroom one with en-suite, bedroom two, bathroom W/C. Fantastic opportunity to acquire this great individual plot of land with a field and Exterior: Large garage, gardens, parking, turning and field. planning permission for the erection of a bespoke constructed, four bedroom dwelling under Derbyshire Dales District Council under application reference Tenure 17/00450/FUL. The plot is situated in an elevated position with views across Freehold Cromford and the Mill Pond as well as the surrounding hills and measures approximately 0.4 acres subject to measured survey. Cromford is well known as EPC the birthplace of the industrial revolution and much of the old village is known Energy Efficiency Rating: Not Applicable as listed. Within Cromford can be found a range of local shops, cafes, public houses and its own railway station with lines to Derby city centre. Access can Vendor's Solicitors also be found to the A6 linking Belper with Matlock and further access can be Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. gained to Wirksworth and the Peak District National Park. Please note that Tel: 01332 346430. Ref: Parminder Singh. viewings should take place at the site during daylight hours, please refer to our Heath & Safety policy on our website and in our catalogues. Viewing Bagshaws Residential Bakewell, Bridge Street, Bakewell, Derbyshire, DE45 1DS - Accommodation Tel: 01629 814774. Full planning permission and drawings allow for the property to be constructed over two levels as follows... Ground Floor: Hallway, kitchen/dining area, lounge, inner hallway, cloakroom, bedroom three with en-suite, bedroom four. *Guide Price £150,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 20 13/03/2020 15:52 Page 21.qxp_AH 13/03/2020 11:08 Page 1
Rates from just 0.49%, W! with no WO valuation or lender legal fees?!
That’s worth shouting about. With more than 15 Call us on 0333 242 6304 years’ experience in auction finance, we’ll work or find out more at quickly and flexibly so you can complete within your deadline. togethermoney.co.uk/auction
Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. *Other fees and charges apply and are variable based on the loan amount. 0.49% pm is applicable for the duration of the loan. 12 months as standard. No exit fee applies. Standard construction only. **On loans up to £500,000 for residential properties only. > Great opportunity to acquire this extended, two bedroom, semi-detached property LOT 6 > Located in the popular area of Derby just off Stenson Road with many local amenities
27 Stenson Avenue, Sunnyhill, Derby, Derbyshire DE23 1LD
Description Tenure Great opportunity to acquire this extended, two bedroom, semi-detached Freehold property located in the popular area of Derby just off Stenson Road. Close by can be found the Inner Ring Road which leads to Sinfin and Asda supermarket as EPC well as other shopping facilitie. Local bus services to surrounding areas such as Energy Efficiency Rating: D with a total floor area of 839.58 sq ft / 78 sq m. Derby city centre are also within easy access. The property benefits from two reception rooms, a front and rear garden as well as off road parking. There is a Vendor's Solicitors certificate of structural adequacy which may be transferable - please refer to the Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. legal pack via our website www.bagshawsauctions.co.uk. Tel: 01332 346430. Ref: Parminder Singh.
Accommodation Viewing Ground Floor: Hallway, lounge, kitchen/diner, sitting room, utility room. Ashley Adams Derby, 37-38 Iron Gate, Derby, DE1 3GA - Tel: 01332 202040. First Floor: Landing, two bedrooms, bathroom W/C. Exterior: Front and rear gardens, off road parking. *Guide Price £110,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> Two, semi-detached properties which have been split to create four self contained flats LOT 7 > The properties are situated in the popular location of Oldbury, Birmingham
249-251 Abbey Road, Smethwick, Birmingham, West Midlands B67 5NQ Description A fantastic investment opportunity has arisen to acquire these two, semi- detached properties which have been split to create four self contained flats. The properties are situated in the popular location of Oldbury, close to local shops and amenities. Flats 251 & 251b are currently let with a rental income of £440 pcm on a generic tenancy agreement with Housing Options West Midlands Ltd, the other two flats are presently vacant. Abbey Road is also within commutable distance to the Queen Elizabeth Hospital and Birmingham University. There are also great transport links to Birmingham city centre with its excellent array of high streets shops and restaurants together with the famous Bullring shopping centre and superb train station. The M5, M6 motorways are also within easy reach.
Accommodation Flat 249 - Ground floor: Communal hallway, lounge, bedrooms, kitchen, shower room W/C. Flat 249b - First floor: Lounge, kitchen, one bedroom, bathroom. Flat 251 - Ground floor: Communal hallway, lounge, kitchen, bedroom, shower W/C. Flat 251b - First Floor: Lounge, kitchen, one bedroom, bathroom W/C.
Tenure Freehold
EPC Energy Efficiency Rating: Awaiting EPCs to become available
Vendor's Solicitors Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. Tel: 01332 346430. Ref: Parminder Singh.
Viewing Shipways Harborne, 172 High St, Birmingham, B17 9PP - Tel: 0121 427 3264.
*Guide Price £300,000 - £325,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 22 13/03/2020 15:52 > Fantastic opportunity to acquire this development in the market town of Belper LOT 8 > The planning is for the erection of six, three storey dwellings, each with a garage
Development Site, Primrose Wood, Crich Lane, Belper, Derbyshire DE56 1EU
Description EPC Fantastic opportunity to acquire this development site sitting on the North edge Energy Efficiency Rating: Not applicable of the market town of Belper in the Derwent Valley. The land has planning permission which was granted on the 19th October 2018 under Amber Valley Vendor's Solicitors District Council under reference number AVA/2018/0025. The planning is for the To be confirmed, erection of six, three storey dwellings, each with a garage and garden which has views across woodland to the rear. The site extends to 0.61 acres subject to Viewing measured survey. Belper town centre provides a range of shops, schools and leisure along with having good access to Derby and Ripley as well as to the A6 and the M1 motorway. Please note that viewings should take place at the site during daylight hours, please refer to our Heath & Safety policy on our website and in our catalogues.
Accommodation Not applicable
Tenure Freehold
*Guide Price £350,000 - £400,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 23 13/03/2020 15:52 > Opportunity to acquire this plot of land which consists of grassed and woodland areas LOT 9 > Crich Lane which is where the land sits is located on the North side of Belper
Plot 3, Primrose Wood, Crich Lane, Belper, Derbyshire DE56 1EU
Description Great opportunity to acquire this plot of land which consists of grassed and EPC woodland areas. The land is measured at 0.2148 acres (896.16 sq m) subject to Energy Efficiency Rating: Not applicable measured survey. Crich Lane which is where the land sits is located on the North side of Belper and is on the edge of the predominantly residential area with Vendor's Solicitors access into Belper town centre. Belper provides a range of of shopping and To be confirmed. leisure facilities. The A6 runs through Belper and links Derby with Matlock, as well as providing access to the A38 and the M1 motorway. Please note that Viewing viewings should take place at the site during daylight hours, please refer to our Bagshaws Residential Auctions, 32-34 Corn Market, Derby, Derbyshire, DE1 2DG Heath & Safety policy on our website and in our catalogues. - Tel: 01332 542296.
Accommodation Not applicable
Tenure Freehold *Guide Price £15,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> Plot of land which consists of grassed and woodland areas in Belper, Derbyshire LOT 10 > The land is measured at 0.2148 acres (896.16 sq m) subject to measured survey
Plot 4, Primrose Wood, Crich Lane, Belper, Derbyshire DE56 1EU
Description Tenure Great opportunity to acquire this plot of land which consists of grassed and Freehold woodland areas. The land is measured at 0.2148 acres (896.16 sq m) subject to measured survey. Crich Lane which is where the land sits is located on the North EPC side of Belper and is on the edge of the predominantly residential area with Energy Efficiency Rating: Not applicable access into Belper town centre. Belper provides a range of of shopping and leisure facilities. The A6 runs through Belper and links Derby with Matlock, as Vendor's Solicitors well as providing access to the A38 and the M1 motorway. Please note that To be confirmed, viewings should take place at the site during daylight hours, please refer to our Heath & Safety policy on our website and in our catalogues. Viewing Bagshaws Residential Auctions, 32-34 Corn Market, Derby, Derbyshire, DE1 2DG Accommodation - Tel: 01332 542296. Not applicable
*Guide Price £15,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 24 13/03/2020 15:52 > Opportunity to acquire this delightful woodland area situated on the bankside in Belper LOT 11 > The land overlooks the Derwent Valley and River with an array of different trees
Land to the rear of, Primrose Wood, Crich Lane, Belper, Derbyshire DE56 1EU
Description Tenure Great opportunity to acquire this delightful woodland area situated on the Freehold bankside, overlooking the Derwent Valley and River. With an array of different trees the land offers the incoming purchaser a little plot of Derbyshire. Situated EPC to the rear of the development site off Crich Lane in Belper. The site is located Energy Efficiency Rating: Not applicable close to local shops and amenities to include a Morrisons supermarket and Aldi store as well as having good access into Derby city centre and surrounding areas. Vendor's Solicitors The land measures 2.1 acres subject to measured survey. Please note that To be confirmed, viewings should take place at the site during daylight hours, please refer to our Heath & Safety policy on our website and in our catalogues. Viewing Bagshaws Residential Auctions, 32-34 Corn Market, Derby, Derbyshire, DE1 2DG Accommodation - Tel: 01332 542296. Not applicable
*Guide Price £50,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> Opportunity to acquire this three bedroom, semi-detached house located in a cul-de-sac position LOT 12 > The property is located close to Allenton retail area with its range of shopping and leisure facilities
32 Cockayne Street South, Allenton, Derby, Derbyshire DE24 8JT
Description Opportunity to acquire this three bedroom, semi-detached house located in a Tenure cul-de-sac position. The property is non-standard construction however it is Freehold located close to Allenton, with its own shopping centre and leisure facilities, ranging from independant and national retailers such as Aldi supermarket and a EPC Morrisons petrol station. Access can also be gained into Derby city centre via Energy Efficiency Rating: D with a total floor area of 753.47 sq ft / 70 sq m. great transport links and public transport links along Osmaston Road linking the A38 and the A52. The property is currently let at a rental income of £475 pcm Vendor's Solicitors for twelve months from the 12th July 2019 - please refer to the legal pack for Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. the tenancy agreement on www.bagshawsauctions.co.uk. Tel: 01332 346430. Ref: Parminder Singh.
Accommodation Viewing Ground Floor: Hallway, lounge, breakfast kitchen. Ashley Adams Derby, 37-38 Iron Gate, Derby, DE1 3GA - Tel: 01332 202040. First Floor: Landing, three bedrooms, bathroom W/C. Exterior: Front and rear garden, off road parking. *Guide Price £65,000 - £75,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 25 13/03/2020 15:52 > A well presented, extended two bedroom, PRC constructed, semi-detached property LOT 13 > Situated in West Bromwich and within easy access to both West BromwichSOLD and Walsall PRIOR town centres
83 Birchfield Way, Walsall, West Midlands WS5 4EE
Description Exterior: Front and rear gardens, driveway. Situated in the Yew Tree area of West Bromwich and within easy access to both West Bromwich and Walsall town centres with their array of shopping and Tenure leisure faculties, is this well presented, extended two bedroom, PRC constructed, Freehold semi-detached home. The property is well presented throughout and has a modern feel throughout to include a modern fitted, extended kitchen diner EPC together with a modern bathroom to first floor. The property also has a natural Energy Efficiency Rating: E with a total floor area of 775 sq ft / 72 sq m. decoration throughout. The property also has a driveway to the front providing off road parking as well as a large sized garden to the rear. We are led to Vendor's Solicitors believe that a previous sale has fallen through on this property being of none Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. standard construction Tel: 01332 346430. Ref: Parminder Singh.
Accommodation Viewing Ground Floor: Entrance hallway, cloakroom, storage room, lounge, kitchen. Shipways Great Barr, 905 Walsall Rd, Birmingham, B42 1TN, - Tel: First Floor: Landing, two bedrooms, bathroom. 01213582281. *Guide Price SOLD PRIOR *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 26 13/03/2020 15:52 > Great opportunity to acquire this traditional, two bedroom, end of terrace property LOT 14 > The property is situated close to Sutton town centre with its many local amenities
26 Douglas Road, Sutton-In-Ashfield, Nottinghamshire NG17 2EE
Description Tenure Great opportunity to acquire this traditional, two bedroom, end of terrace Freehold property. The property is situated close to Sutton town centre benefiting from the Ideal Wells shopping centre and further shopping and leisure facilities. The EPC home is in good condition throughout and was previously let at a rental income Energy Efficiency Rating: D with a total floor area of 850.35 sq ft / 79 sq m. of £475 pcm, which makes it ideal for an investor wanting to add to their portfolio. Easy access can be found to the A38 linking Nottinghamshire to Vendor's Solicitors Derbyshire as well as the M1 motorway junction 28. The accommodation briefly Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. comprises of two reception rooms, a good sized kitchen along with a shared Tel: 01332 346430. Ref: Parminder Singh. yard to the rear. Viewing Accommodation William H Brown Kimberley, 39 Main Street, Kimberley, Nottingham, NG16 2NG Ground Floor: Lounge, dining room, kitchen. - Tel: 0115 938 5062. First Floor: Landing, two bedrooms, bathroom. Exterior: Shared rear yard. *Guide Price £65,000 - £75,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> Spacious three bedroom, end of terrace property situated in Mackworth LOT 15 > The property is within easy access to Derby city centre and Derby University
37 Willesden Avenue, Mackworth, Derby, Derbyshire DE22 4EZ
Description Tenure This spacious three bedroom, end of terrace, non-standard constructed property Freehold is situated on a good sized plot within the convenient location of Mackworth. The property is within easy access to Derby city centre, Markeaton Park as well EPC as Derby University. The property is also situated close to commuting links to the Energy Efficiency Rating: Awaiting for EPC to become available A38, A50 and the M1 motorway. The accommodation briefly comprises of a kitchen and lounge, a ground floor W/C and three bedrooms with a first floor Vendor's Solicitors bathroom W/C. A driveway for two cars as well as a rear garden can also be Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. found. Tel: 01332 346430. Ref: Parminder Singh.
Accommodation Viewing Ground Floor: Entrance hallway, W/C, kitchen, lounge, dining room. Bagshaws Residential Derby, 32-34 Cornmarket, Derby, Derbyshire, DE1 2DG - First Floor: Landing, three bedrooms, bathroom W/C. Tel: 01332 361308. Exterior: Driveway to the front and garden to the rear. *Guide Price £100,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 27 13/03/2020 15:52 > Great opportunity to purchase these two properties on the same title LOT 16 > The annex is set in the garden offering further dependant accommodationSOLD PRIOR
46 Grange Street and Annex, Burton-On-Trent, Staffordshire DE14 2ET
Description Great opportunity to purchase these two properties on the same title with the Tenure main house offering three bedrooms and two bathroom. The Coach Freehold House/Annex which has had planning approved via East Staffordshire Council ref: CU/17369/003 is set in the garden offering further dependant EPC accommodation and in addition can be found a workshop. Outside can be Energy Efficiency Rating: Main House - E with total floor area of 1001.04 sq ft / found gardens, a long driveway providing parking, a turning space and access to 93 sq m. Annex - E with a total floor area of 1259.38 sq ft / 117 sq m. an integral garage with a workshop area off. Vendor's Solicitors Accommodation A H Brooks Solicitors, Central Buildings, 43-45 High Street, Cheadle, Stoke-on- Main House: Ground Floor: Kitchen/diner, lounge, dining room, bathroom W/C. Trent, ST10 1AR. Tel: 01538 754253. First Floor: Landing, three bedrooms, bathroom W/C. Annex: Ground Floor: Kitchen/dining room, bedroom, shower room W/C. Viewing Exterior: Gardens, long driveway, turning area, workshop, integral Burchell Edwards Burton-On-Trent, Britannia House, 2 Station Street, Burton-on- garage/workshop, store, outside W/C. Trent, Staffordshire, DE14 1AN - Tel: 01283 530169. *Guide Price SOLD PRIOR *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 28 13/03/2020 15:52 > Opportunity to purchase this site for the erection of two, four bedroom, detached dwellings LOT 17 > On the outskirts of the village of Burnaston and taking advantage of views to both the front and rear Land adjacent to Stables Lodge, Grassy Lane, Burnaston, Derby, Derbyshire DE65 6LN
Description EPC A rare opportunity to purchase this delightful site for the erection of two, four Energy Efficiency Rating: Not applicable bedroom, detached dwellings on the outskirts of the village of Burnaston. The land takes advantage of views to both the front and the rear as well as having Vendor's Solicitors outline planning granted on the 10th October 2019 under reference Knights PLC Solicitors, 34 Pocklingtons Walk, Leicester, Leicestershire, LE1 6BU. 9/2019/0230 planning inspectorate, appeal decision with South Derbyshire Tel: 0116 262 4225. District Council. Grassy Lane is a country lane which runs off the A516 linking Etwall with Mickleover, both of the suburbs offer schooling, shopping facilities Viewing and leisure facilities. The planning permission allows for one entrance off Grassy Bagshaws Residential Auctions, 32-34 Corn Market, Derby, Derbyshire, DE1 2DG Lane along with two turning areas for each property which in turn leads to, two - Tel: 01332 542296. individual detached double garages. Each plot will have gardens and take advantage of the mature trees and hedgerows that surround the site.
Accommodation Not applicable
Tenure Freehold
*Guide Price £250,000 - £300,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 29 13/03/2020 15:52 > Great opportunity to acquire this two bedroom, mid-terrace property in Clowne LOT 18 > The property is set over three floors with a low maintenance yard to the rear
69 North Road, Clowne, Chesterfield, Derbyshire S43 4PG
Description Tenure Great opportunity to acquire this two bedroom, mid-terrace property. The home Freehold is set over three floors with a low maintenance yard to the rear and is located between Chesterfield and Worksop, in the popular village of Clowne. The area EPC benefits from shopping and leisure facilities as well as a large tesco superstore Energy Efficiency Rating: E with a total floor area of 796.53 sq ft / 74 sq m. and good transport links into Chesterfield and Worksop town centres. Located close by can be found the A616 which gives access to the M1 motorway linking Vendor's Solicitors the North with the South. Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. Tel: 01332 346430. Ref: Parminder Singh. Accommodation Ground Floor: Lounge, kitchen, conservatory. Viewing First Floor: Landing, bedroom, bathroom W/C. William H Brown Chesterfield, 6 Glumangate, Chesterfield, S40 1TP - Tel: 01246 Second Floor: Bedroom. 204492. Exterior: Rear yard. *Guide Price £65,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
CAN’T MAK E THE A U C TION? DON’T MISS THAT BARGAIN PROPERTY! Bidding by proxy or by phone is simple, easy and free. All you have to do is ask. 01332 542296 www.bagshawsauctions.co.uk
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Bagshaws Apr20 Lots.indd 30 13/03/2020 15:52 > Excellent opportunity to purchase this purpose built stable block holding area LOT 19 > Situated in a cul-de-sac postion on the edge of Chellaston with many local amenities
Land and Stables adjacent to Calvery House, Sinfin Moor Lane, Chellaston, Derby, DE73 5SP
Description Accommodation Excellent opportunity to purchase this purpose built stable block and holding The stable block consists of four stables, tack room, toilet W/C, further store and area as well as an enclosed paddock with a ménage. The lot is situated in a cul- further shed. de-sac postion on the edge of Chellaston and and is set either side of a shared driveway with road frontage. Chellaston benefits from a range of shopping There is also a holding yard and grounds along with enclosed paddock and facilities, a public house, schooling along with access to the A50 linking the M1 ménage. to Stoke-on-Trent. Derby city centre is also close by with an extensive range of shopping and leisure facilities along with great public transport links. Please note Tenure that viewings should take place at the site during daylight hours, please refer to Freehold our Heath & Safety policy on our website and in our catalogues. EPC (Please note that at the present time, part of the land belongs to Calvery House Energy Efficiency Rating: Not Applicable (neighbouring property) is shown as belonging to The Stables on the Land Registry and part of the land belonging to The Stables is shown on the Land Vendor's Solicitors Registry as belonging to Calvery House. Letters have been exchanged between Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. solicitors to arrange for this to be corrected, however due to unforeseen Tel: 01332 346430. Ref: Parminder Singh. circumstances relating to the vendors, the lot is being offered in this position, more information is available on the legal pack at our website Viewing www.bagshawsauctions.co.uk) Bagshaws Residential Auctions, 32-34 Corn Market, Derby, Derbyshire, DE1 2DG - Tel: 01332 542296. *Guide Price £100,000 - £120,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 31 13/03/2020 15:52 > Beautiful styled, spacious, double fronted, three storey, detached property LOT 20 > Situated in the Lincolnshire village of Donington with many local amenities
12 Church Street, Donington, Spalding, Lincolnshire PE11 4UA
Description Second Floor: Master bedroom, en-suite W/C. Situated in the Lincolnshire village of Donington can be found this beautiful Exterior: Front forecourt garden, rear garden, parking. styled, spacious, double fronted, three storey, detached property. Donington benefits from a range of local traders as well as a Co-Op store, public house, a Tenure boasted secondary school and primary school. Good access can be found to the Freehold A52 along with the A152. The property has recently been constructed and not occupied, it comes with a well fitted kitchen with a range of appliances and EPC units as well as quality bathrooms. To the front of of the property can be found Energy Efficiency Rating: C with a total floor area of 1679.17 sq ft / 156 sq m. a forecourt garden set behind railings and to the rear can be found a garden with off road parking which is accessed via a shared turntable with 10 Church Vendor's Solicitors Street. Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. Tel: 01332 346430. Ref: Parminder Singh. Accommodation Ground Floor: Entrance hallway, cloakroom, study, lounge, kitchen, utility room. Viewing First Floor: Landing, three bedrooms, bathroom W/C. WHB, 18 - 19 Sheep Market, Spalding, PE11 1BG - Tel: 01775 711711. *Guide Price £180,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 32 13/03/2020 15:52 > Tucked away on the edge of the village of Snelston can be found Mount Pleasant Farm Cottage LOT 21 > The market town of Ashbourne is located a few miles away with many local shopping facilities
Mount Pleasant Farm Cottage, Snelston, Ashbourne, Derbyshire DE6 2DJ
Description EPC Tucked away on the edge of the historic village of Snelston boasting its own Energy Efficiency Rating: F with a total floor area of 925.7 sq ft / 86 sq m. church can be found Mount Pleasant Farm Cottage. The former farm workers cottage is set at the bottom of the drive to Mount Pleasant Farm and is Vendor's Solicitors surrounded on three sides by mature trees and woodland, to the font views can Ansons Solicitors, 5 Breadmarket Street, Lichfield, Staffordshire, WS13 6LQ. Tel: be taken across the adjoining farm land. The village of Snelston is only a few 01543 263456. miles outside of Ashbourne which is known as the gateway to the Peak District National Park and has an array of amenities including local shops, supermarkets, Viewing healthcare as well as leisure facilities. In the neighbouring village of Clifton can Bagshaws Residential Ashbourne, Shawcroft Centre, Dig St, Ashbourne, also be found a school along with a public house. Derbyshire, DE6 1GF - Tel: 01335 346677.
Accommodation Ground Floor: Entrance hallway, lounge, kitchen, dining room or bedroom three, bathroom W/C. First Floor: Landing, two bedrooms. Exterior: Gardens to all sides, parking, garage/workshop.
Tenure Freehold
*Guide Price £250,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 33 13/03/2020 15:52 > Fantastic opportunity to acquire this parcel of woodland set within an array of mature trees LOT 22 > The land is located in the village of Kings Bromley benefits from a shop and a public house
Land opposite The Manor, Manor Park, Kings Bromley, Burton-On-Trent, Staffordshire DE13 7JA
Description Tenure Fantastic opportunity to acquire this parcel of woodland set within an array of Freehold mature trees measuring 0.18 acres subject to measured survey. The land fronts on the to the road set off the edge of this prestige development known as EPC Manor Park located in the outskirts of Kings Bromley. The other two sides of the Energy Efficiency Rating: Not applicable land adjoin an existing property as well as a field. The village of Kings Bromley benefits from a shop and a public house along with access to the A38 linking Vendor's Solicitors Birmingham to Derby via the A50. Please note that viewings should take place at Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. the site during day light hours, please refer to our Heath & Safety policy on our Tel: 01332 346430. Ref: Parminder Singh. website and in our catalogues. Viewing Accommodation Bagshaws Residential Auctions, 32-34 Corn Market, Derby, Derbyshire, DE1 2DG Not applicable - Tel: 01332 542296.
*Guide Price £10,000 - £20,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> Great opportunity to acquire this traditional, two bedroom, mid-terrace property in Birmingham LOT 23 > The property does require refurbishment throughout and would ideal for a builder or developer
24 Weston Road, Birmingham, West Midlands B19 1EH
Description Tenure Great opportunity to acquire this traditional, two bedroom, mid-terrace property Freehold situated in the Lozells area of Birmingham close to Handsworth. The property does require refurbishment throughout and would ideal for a builder or EPC developer. The property is of a good size and briefly comprises of three reception Energy Efficiency Rating: Awaiting EPC to become available rooms, kitchen and first floor bathroom W/C along with a long rear garden. Handsworth which is located close by has an array of local shops, multiple Vendor's Solicitors schooling and multicultural centres as well as good access to the A41 which Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. leads to the M5 motorway. Tel: 01332 346430. Ref: Parminder Singh.
Accommodation Viewing Ground Floor: Lounge, dining room, third reception room, kitchen. Shipways Great Barr, 905 Walsall Rd, Birmingham, B42 1TN, - Tel: First Floor: Two bedrooms, bathroom W/C. 01213582281. Exterior: Front and rear gardens. *Guide Price £60,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 34 13/03/2020 15:52 > Opportunity to acquire this two bedroom, terrace property situated in Nottingham LOT 24 > The location of the property is situated for good access to local shops and amenities
23 Lonsdale Road, Nottingham, Nottinghamshire NG7 3DU
Description Tenure Situated off Radford Boulevard in the popular residential location of Nottingham Freehold can be found this two bedroom, terrace property. The location of the property is situated for good access to local shops and amenities as well as transport links EPC into Nottingham city centre. Nottingham also has a range of fantastic road and Energy Efficiency Rating: Awaiting EPC to become available rail transport links along with a wide array of shopping and leisure facilities. The property does require a full scheme of modernisation and works to bring up to Vendor's Solicitors todays modern day standards. Coates Solicitors, 62-64 High Street, Mosborough, Sheffield, S20 5AE. Tel: 0114 251 1111. Accommodation Ground Floor: Lounge, lobby, dining room, bathroom W/C. Viewing First Floor: Landing, two bedrooms. William H Brown Bulwell, 263 Main Street, Bulwell, Nottinghamshire, NG6 8EZ - Exterior: Rear garden. Tel: 0115 975 3817.
*Guide Price £50,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> Opportunity to acquire this large plot of ground with planning permission LOT 25 > The planning has been granted with South Holland District Council
Plot adjacent to 20 Bowditch Road, Spalding, Lincolnshire PE11 2QF
Description Great opportunity to acquire this large plot of ground with planning permission Tenure granted for the erection of an duplex first floor apartment with garaging/storage Freehold under. The planning has been granted with South Holland District Council under reference H16-1200-18. The area measures 71.8 s qm subject to measured EPC survey. Spalding is located in the county of Lincolnshire and has a good range of Energy Efficiency Rating: Not applicable local shops and amenities as well as plenty of leisure facilities. Please note that viewings should take place at the site during daylight hours, please refer to our Vendor's Solicitors Heath & Safety policy on our website and in our catalogues. Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. Tel: 01332 346430. Ref: Parminder Singh. Accommodation Once the dwelling is complete.. Viewing Ground Floor: Large garage, store, utility room/ William H Brown Spalding, 18 - 19 Sheep Market, Spalding, Lincolnshire, PE11 First Floor: Open plan living/dining/kitchen, bedroom, bathroom W/C. 1BG - Tel: 01775 711711. Exterior: Large garden and drive to garage. *Guide Price £20,000 - £25,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 35 13/03/2020 15:52 > Three bedroom mid-terrace cottage on the edge of Middle Mayfield with a large rear garden LOT 26 > Situated in the country location of Staffordshire, a few miles from the market town of Ashbourne
2 Main Road, Middle Mayfield, Ashbourne, Derbyshire DE6 2JT
Description A fantastic opportunity to acquire this three bedroom mid-terrace cottage on the Tenure edge of Middle Mayfield with a large rear garden and only a few miles from the Freehold market town of Ashbourne. The property benefits from being close to a local shop, church, country inn and primary school. The cottage stands on a large EPC garden which has been extended to the rear to include a conservatory, however Energy Efficiency Rating: E with a total floor area of 785.76 sq ft / 73 sq m. the property has further potential for modernisation. Ashbourne which is located close by has a wide range of shopping and leisure facilities as well as a Vendor's Solicitors supermarket and transport links to surrounding areas. Beightons Solicitors, Royal Buildings, Victoria Street, Derby, Derbyshire, DE1 1ES. Tel: 01332 346430. Ref: Parminder Singh. Accommodation Ground Floor: Sitting room, dining kitchen, inner lobby, bathroom W/C, Viewing conservatory. Bagshaws Residential Ashbourne, Shawcroft Centre, Dig St, Ashbourne, First Floor: Landing, three bedrooms. Derbyshire, DE6 1GF - Tel: 01335 346677. Exterior: Large garden. *Guide Price £90,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
> A fantastic opportunity to acquire this three bedroom, semi-detached house in Shirebrook LOT 27 > The property is in need of a scheme of modernisation and is sat on a larger than average plot
40 Garden Avenue, Shirebrook, Mansfield, Nottinghamshire NG20 8JH
Description Tenure A fantastic opportunity to acquire this three bedroom, semi-detached house Freehold which is in need of a scheme of modernisation and repair. The property is located on the corner of Garden Avenue and Park Avenue as well as being EPC situated on a larger than average sized plot for the area. The semi-detached Energy Efficiency Rating: awaiting EPC to become available home is positioned with easy access into both Mansfield and Worksop town centres with its array of shops and supermarkets. Shirebrook is also located close Vendor's Solicitors by which provides a local train station with services to Nottingham city centre Optima Legal Services, Hepworth House, Claypit Lane, Leeds, Yorkshire, LS2 and Worksop as well as benefiting from a local park and village hall. 8AE. Tel: 08445716524.
Accommodation Viewing Ground Floor: Lounge, dining room, kitchen. Burchell Edwards Mansfield, 12 Albert Street, Mansfield, Nottinghamshire, NG18 First Floor: Landing, three bedrooms, bathroom W/C. 1EB - Tel: 01623 627727. Exterior: Garden to the front, side and rear, off road parking. *Guide Price £50,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
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Bagshaws Apr20 Lots.indd 36 13/03/2020 15:52 > Great opportunity to acquire this three bedroom, semi-detached property in Stenson Fields LOT 28 > The property requires a scheme of modernisation throughout to bring up to modern standards
26 Holderness Close, Stenson Fields, Derby, Derbyshire DE24 3BL
Description Tenure Located in a cul-de-sac position on Holderness Close in Stenson Fields is this Freehold three bedroom, semi-detached property which requires a scheme of modernisation throughout. Once the works on the property have been EPC completed, it will offer a good sized family home. The property benefits from Energy Efficiency Rating: Awaiting EPC to become available front and rear gardens along with off road parking. Sinfin which is located close by offers a range of shopping facilities include an Asda supermarket, post office Vendor's Solicitors and chemist. Please note that the bathroom can not be entered as the floor is in Metrolaw Solicitors, 92 Goodmayes Road, Goodmayes, Essex, IG3 9UU. Tel: 020 need of repair. 8590 1100.
Ground Floor: Entrance hallway, lounge, dining room, family room, kitchen. Viewing First Floor: Landing, three bedrooms, bathroom. Bagshaws Residential Derby, 32-34 Cornmarket, Derby, Derbyshire, DE1 2DG - Exterior: Front and rear gardens, driveway. Tel: 01332 361308.
*Guide Price £110,000 - £130,000 *Please refer to important notice at the front of the catalogue re guide and reserve prices.
Our next Property Auction is on 20th May 2020 and YOUR property could be featured!
For a completely free appraisal and all the helpful professional advice you need please speak to any of the Bagshaws Residential Auction Team. OUR EXPERIENCE IS YOUR ASSURANCE
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Auction Notices Important information deemed to have been read by all bidders BIDDER REGISTRATION All bidders will be deemed to be the purchaser of the lot unless they present written authority to contract on behalf of a third party and present duly certified proof of identity and address for the purchaser in accordance with UK Anti-Money Laundering Regulations. Any purchaser who considers that they are or may be a Politically Exposed Person is required to advise the auctioneer prior to bidding. SALE CONDITIONS The attention of prospective Purchasers is drawn to the General Conditions of Sale included within this catalogue, the Special Conditions of Sale and all documentation within the legal pack available for each property. INSPECTION Prospective purchasers are strongly recommended to inspect the relevant property and to make all necessary searches and enquiries with all relevant authorities and bodies. A viewing schedule should be supplied with this catalogue and viewing information is also available on our website. SUCCESSFUL BIDDING 1 As soon as the gavel falls on a bid, the successful bidder is under a binding contract to purchase the relevant property. The Purchaser is immediately at risk in relation to the Property and shall, therefore, be deemed to have made prior arrangements for any insurance cover required. The successful bidder must immediately present to the Auctioneer’s clerk his name and address and, if appropriate, the name and address of the person or company on whose behalf he has been bidding. This information is used to complete a Memorandum of Sale in the form of the one at the back of this catalogue which the successful bidder must sign and exchange with the Auctioneer’s staff prior to leaving the room. DEPOSITS £ The successful bidder must pay the Auctioneer a deposit of 10% of the purchase price (MINIMUM DEPOSIT £5,000 unless otherwise specified in the Special Conditions of Sale). If the bidder fails in any of his above obligations the Auctioneer is entitled, as agent for the Vendor, to treat the failure as a serious breach of contract (a “repudiation”) and shall cancel (or “rescind”) the contract. Thereafter, the Auctioneer is entitled to re-submit the property for sale. If a successful bidder does not pay a deposit or complete the memorandum the Vendor reserves the right to claim any loss he suffers as a result. Please note we do not accept cash deposits. PRIOR SALES The Vendor has the right to sell before Auction, or withdraw the Lot, and neither the SOLD Auctioneer nor the Vendor is responsible for any abortive costs, losses or damages of a prospective Purchaser. Information as to pre-sale or withdrawal of a Lot can be obtained by enquiry of the Auctioneers at any time prior to the Auction but valid only up to the time of enquiry. LOCATION PLANS All Location Plans published in the Particulars of Sale are to enable prospective Purchasers to locate the property only. The plans are photographically reproduced and therefore not to scale and are not intended to depict the interest to be sold but are for identification only. The boundary lines and numbers on the photographs are again only to enable prospective Purchasers to locate the property and are not intended to depict the interest to be sold. Purchasers are advised to view the Special Conditions 38 in respect of the precise interest to be conveyed. Page 38_39.qxp_Layout 1 13/03/2020 10:50 Page 2
MEASUREMENTS/FIXTURES AND FITTINGS Prospective Purchasers are strongly advised to check these particulars as to measurements, areas, and all other matters to which the properties are expressed to be subject to or have the benefit of and in respect of any contents, fixtures or fittings expressed to be included in the sale by making inspection of the property and all the necessary enquiries with Bagshaws Residential, the Vendor, the Vendor’s professional advisers, and all other appropriate authorities. All measurements and areas referred to in these particulars are approximate only. Some images may have been taken by a wide angled lens camera. Please be sure to read the catalogue description for the lot you are buying as this will form part of the contract of sale. GUIDE PRICES/ADDITIONAL FEES While the Vendor and the Auctioneer take care to ensure that guide prices, estimates or values are accurate, a prospective purchaser should not rely solely on any such statement or guide price, estimate or value made either by the Vendor or the Auctioneer and should seek professional advice on any such statement. For each lot, a contract documentation fee of £1,200 (inclusive of VAT) is payable to Bagshaws Residential by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
INSPECTION OF TENANTED PROPERTIES Internal inspection of investment properties cannot be guaranteed and is only by courtesy of the Tenants. Details of how to inspect properties with vacant possession is shown on the enclosed Guide Prices and Viewings leaflet and on our website.
PLEASE NOTE: Prospective Purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents being paid. ! You will not be entitled to the keys or access to vacant properties until completion of sale. If access is required it may be arranged through the auctioneers offices with permission of the seller. A charge will be levied if an accompanied viewing is necessary. Prospective purchasers should always check the addendum sheet and late addendum sheet to see if there are any alterations or amendments to the particulars of the property or properties that they are interested in. These are available in the auction room at the enquiry desk.
ADVICE FOR PROPERTY VIEWERS i Whilst Bagshaws Residential make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers. Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewer’s risk. 39 Page 40_42.qxp_Layout 1 13/03/2020 10:51 Page 1
COMMON AUCTION CONDITIONS (EDITION 4, JANUARY 2019) REPRODUCED WITH THE CONSENT OF THE RICS
INTRODUCTION The Common Auction Conditions have been produced for real estate auctions in England and Wales to set a common IMPORTANT NOTICE standard across the industry. They are in three sections: A prudent buyer will, before bidding for a lot at an auction: GLOSSARY • take professional advice from a conveyancer and, in appropriate cases, a chartered surveyor and an accountant; The glossary gives special meanings to certain words used in both sets of conditions.. • read the conditions; AUCTION CONDUCT CONDITIONS • inspect the lot; • carry out usual searches and make usual enquiries; The Auction Conduct Conditions govern the relationship between the auctioneer and anyone who has a catalogue, or • check the content of all available leases and other documents relating to the lot; who attends or bids at the auction. They cannot be changed without the auctioneer’s agreement. • check that what is said about the lot in the catalogue is accurate; SALE CONDITIONS • have finance available for the deposit and purchase price; The Sale Conditions govern the agreement between each seller and buyer. They include general conditions of sale and • check whether VAT registration and election is advisable; template forms of special conditions of sale, tenancy and arrears schedules and a sale memorandum. The conditions assume that the buyer has acted like a prudent buyer. If you choose to buy a lot without taking these normal precautions you do so at your own risk.
GLOSSARY This glossary applies to the auction conduct conditions and the sale conditions. FINANCIAL CHARGE Wherever it makes sense: A charge to secure a loan or other financial indebtness (not including a rentcharge). • singular words can be read as plurals, and plurals as singular words; GENERAL CONDITIONS • a “person” includes a corporate body; That part of the sale conditions so headed, including any extra general conditions. • words of one gender include the other genders; • references to legislation are to that legislation as it may have been modified or re-enacted by the date of the auction INTEREST RATE or the contract date (as applicable); and If not specified in the special conditions, 4% above the base rate from time to time of Barclays Bank plc. (The interest • where the following words are printed in bold type they have the specified meanings. rate will also apply to judgment debts, if applicable.) ACTUAL COMPLETION DATE LOT The date when completion takes place or is treated as taking place for the purposes of apportionment and calculating Each separate property described in the catalogue or (as the case may be) the property that the seller has agreed to interest. sell and the buyer to buy (including chattels, if any). ADDENDUM An amendment or addition to the conditions or to the particulars or to both whether contained in a supplement to OLD ARREARS the catalogue, a written notice from the auctioneers or an oral announcement at the auction. Arrears due under any of the tenancies that are not “new tenancies” as defined by the Landlord and Tenant AGREED COMPLETION DATE (Covenants) Act 1995. Subject to condition G9.3: PARTICULARS (a) the date specified in the special conditions; or The section of the catalogue that contains descriptions of each lot (as varied by any addendum). (b) if no date is specified, 20 business days after the contract date; PRACTITIONER but if that date is not a business day the first subsequent business day. APPROVED FINANCIAL INSTITUTION An insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in relation to jurisdictions outside the United Any bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise Kingdom, any similar official). acceptable to the auctioneers. PRICE ARREARS The price that the buyer agrees to pay for the lot. Arrears of rent and other sums due under the tenancies and still outstanding on the actual completion date. READY TO COMPLETE ARREARS SCHEDULE Ready, willing and able to complete: if completion would enable the seller to discharge all financial charges secured The arrears schedule (if any) forming part of the special conditions. AUCTION on the lot that have to be discharged by completion, then those outstanding financial charges do not prevent the The auction advertised in the catalogue. seller from being ready to complete. AUCTION CONDUCT CONDITIONS SALE CONDITIONS The conditions so headed, including any extra auction conduct conditions. The general conditions as varied by any special conditions or addendum. AUCTIONEERS SALE MEMORANDUM The auctioneers at the auction. The form so headed (whether or not set out in the catalogue) in which the terms of the contract for the sale of the BUSINESS DAY Any day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Wales; or (c) Good Friday or Christmas lot are recorded. Day. SELLER BUYER The person selling the lot. If two or more are jointly the seller their obligations can be enforced against them jointly or The person who agrees to buy the lot or, if applicable, that person’s personal representatives: if two or more are jointly against each of them separately. the buyer their obligations can be enforced against them jointly or against each of them separately. SPECIAL CONDITIONS CATALOGUE Those of the sale conditions so headed that relate to the lot. The catalogue to which the conditions refer including any supplement to it. TENANCIES COMPLETION Unless otherwise agreed between seller and buyer (or their conveyancers) the occasion when both seller and buyer Tenancies, leases, licences to occupy and agreements for lease and any documents varying or supplemental to them. have complied with their obligations under the contract and the balance of the price is unconditionally received in the TENANCY SCHEDULE seller’s conveyancer’s client account. The tenancy schedule (if any) forming part of the special conditions. CONDITION TRANSFER One of the auction conduct conditions or sales conditions. Transfer includes a conveyance or assignment (and “to transfer” includes “to convey” or “to assign”). CONTRACT TUPE The contract by which the seller agrees to sell and the buyer agrees to buy the lot. CONTRACT DATE The Transfer of Undertakings (Protection of Employment) Regulations 2006. The date of the auction or, if the lot is not sold at the auction: VAT (a) the date of the sale memorandum signed by both the seller and buyer; or Value Added Tax or other tax of a similar nature. (b) if contracts are exchanged, the date of exchange. If exchange is not effected in person or by an irrevocable agreement VAT OPTION to exchange made by telephone, fax or electronic An option to tax. mail the date of exchange is the date on which both parts have been signed and posted or otherwise placed beyond WE (AND US AND OUR) normal retrieval. DOCUMENTS The auctioneers. Documents of title (including, if title is registered, the entries on the register and the title plan) and other documents YOU (AND YOUR) listed or referred to in the special conditions relating to the lot. Someone who has a copy of the catalogue or who attends or bids at the auction, whether or not a buyer.
AUCTION CONDUCT CONDITIONS A1 INTRODUCTION A4.2 If the special conditions do not contain a description of the lot, or simply refer to the relevant lot number, A1.1 Words in bold type have special meanings, which are defined in the Glossary. you take the risk that the description contained in the particulars is incomplete or inaccurate, as the A1.2 The catalogue is issued only on the basis that you accept these auction conduct conditions. They govern particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract. our relationship with you and cannot be disapplied or varied by the sale conditions (even by a condition A4.3 The particulars and the sale conditions may change prior to the auction and it is your responsibility to check purporting to replace the whole of the Common Auction Conditions). They can be varied only if we agree. that you have the correct versions. A2 OUR ROLE A4.4 If we provide information, or a copy of a document, provided by others we do so only on the basis that we A2.1 As agents for each seller we have authority to: are not responsible for the accuracy of that information or document. (a) prepare the catalogue from information supplied by or on behalf of each seller; A5 THE CONTRACT (b) offer each lot for sale; A5.1 A successful bid is one we accept as such (normally on the fall of the hammer). This condition A5 applies to (c) sell each lot; you if you make the successful bid for a lot. (d) receive and hold deposits; A5.2 You are obliged to buy the lot on the terms of the sale memorandum at the price you bid plus VAT (if (e) sign each sale memorandum; and applicable). (f) treat a contract as repudiated if the buyer fails to sign a sale memorandum or pay a deposit as required A5.3 You must before leaving the auction: by these auction conduct conditions. (a) provide all information we reasonably need from you to enable us to complete the sale memorandum A2.2 Our decision on the conduct of the auction is final. (including proof of your identity if required by us); A2.3 We may cancel the auction, or alter the order in which lots are offered for sale. We may also combine or divide (b) sign the completed sale memorandum; and lots. A lot may be sold or withdrawn from sale prior to the auction. (c) pay the deposit. A2.4 You acknowledge that to the extent permitted by law we owe you no duty of care and you have no claim A5.4 If you do not we may either: against us for any loss. (a) as agent for the seller treat that failure as your repudiation of the contract and offer the lot for sale again: A3 BIDDING AND RESERVE PRICES A3.1 All bids are to be made in pounds sterling exclusive of any applicable VAT. the seller may then have a claim against you for breach of contract; or A3.2 We may refuse to accept a bid. We do not have to explain why. (b) sign the sale memorandum on your behalf. A3.3 If there is a dispute over bidding we are entitled to resolve it, and our decision is final. A5.5 THE DEPOSIT: A3.4 Unless stated otherwise each lot is subject to a reserve price (which may be fixed just before the lot is offered (a) is to be held as stakeholder where VAT would be chargeable on the deposit were it to be held as agent for for sale). If no bid equals or exceeds that reserve price the lot will be withdrawn from the auction. the seller, but otherwise is to be held as stated in the sale conditions; and A3.5 Where there is a reserve price the seller may bid (or ask us or another agent to bid on the seller’s behalf) up (b) must be paid in pounds sterling by cheque or by bankers’ draft made payable to us on an approved to the reserve price but may not make a bid equal to or exceeding the reserve price. You accept that it is financial institution. The extra auction conduct conditions may state if we accept any other form of payment. possible that all bids up to the reserve price are bids made by or on behalf of the seller. A5.6 We may retain the sale memorandum signed by or on behalf of the seller until the deposit has been received A3.6 Where a guide price (or range of prices) is given that guide is the minimum price at which, or range of prices in cleared funds. within which, the seller might be prepared to sell at the date of the guide price. But guide prices may change. A5.7 If the buyer does not comply with its obligations under the contract then: The last published guide price will normally be at or above any reserve price, but not always – as the seller may (a) you are personally liable to buy the lot even if you are acting as an agent; and fix the final reserve price just before bidding commences (b) you must indemnify the seller in respect of any loss the seller incurs as a result of the buyer’s default. A4 THE PARTICULARS AND OTHER INFORMATION A5.8 Where the buyer is a company you warrant that the buyer is properly constituted and able to buy the lot. A4.1 We have taken reasonable care to prepare particulars that correctly describe each lot. The particulars are A6 EXTRA AUCTION CONDUCT CONDITIONS based on information supplied by or on behalf of the seller. You need to check that the information in the A6.1 Despite any special condition to the contrary the minimum deposit we accept is £5,000 (or the total price, particulars is correct. if less). A special condition may, however, require a higher minimum deposit.
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GENERAL CONDITIONS OF SALE
Words in bold type have the special meanings defined in the Glossary. G5.3 The seller cannot be required to transfer the lot to anyone other than the buyer, or by more than one transfer. The general conditions (as WE supplement or change them by any extra general conditions or addendum) are G5.4 Where the special conditions state that the seller is to grant a new lease to the buyer compulsory but may be disapplied or changed in relation to one or more lots by special conditions. The template form of (a) the conditionS are to be read so that the transfer refers to the new lease, the seller to the proposed landlord sale memorandum is not compulsory but is to be varied only if we agree. The template forms of special conditions and and the buyer to the proposed tenant; schedules are recommended, but are not compulsory and may be changed by the seller of a lot. (b) the form of new lease is that described by the special conditions; and G1 THE LOT (c) the seller is to produce, at least five business days before the agreed completion date, the engrossed G1.1 The lot (including any rights to be granted or reserved, and any exclusions from it) is described in the special counterpart lease, which the buyer is to sign and deliver to the seller on completion. conditions, or if not so described is that referred to in the sale memorandum. G6 completion G1.2 The lot is sold subject to any tenancies disclosed by the special conditions, but otherwise with vacant possession G6.1 completion is to take place at the offices of the seller’s conveyancer, or where the seller may reasonably require, on completion. on the agreed completion date. The seller can only be required to complete on a business day and between G1.3 The lot is sold subject to all matters contained or referred to in the documents. The seller must discharge financial the hours of 0930 and 1700. charges on or before completion. G6.2 The amount payable on completion is the balance of the price adjusted to take account of apportionments plus G1.4 The lot is also sold subject to such of the following as may affect it, whether they arise before or after the contract (if applicable) VAT and interest, but no other amounts unless specified in the special conditions. date and whether or not they are disclosed by the seller or are apparent from inspection of the lot or from the G6.3 Payment is to be made in pounds sterling and only by documents: (a) direct transfer from the buyer’s conveyancer to the seller’s conveyancer; and (a) matters registered or capable of registration as local land charges; (b) the release of any deposit held by a stakeholder or in such other manner as the seller’s conveyancer may agree. (b) matters registered or capable of registration by any competent authority or under the provisions of any statute; G6.4 Unless the seller and the buyer otherwise agree, completion cannot take place until both have complied with the (c) notices, orders, demands, proposals and requirements of any competent authority; obligations under the contract that they are obliged to comply with prior to completion, and the amount payable (d) charges, notices, orders, restrictions, agreements and other matters relating to town and country planning, on completion is unconditionally received in the seller’s conveyancer’s client account or as otherwise required by highways or public health; the terms of the contract. (e) rights, easements, quasi-easements, and wayleaves; G6.5 If completion takes place after 1400 hours for a reason other than the seller’s default it is to be treated, for the (f) outgoings and other liabilities; purposes of apportionment and calculating interest, as if it had taken place on the next business day. (g) any interest which overrides, under the Land Registration Act 2002; G6.6 Where applicable the contract remains in force following completion. (h) matters that ought to be disclosed by the searches and enquiries a prudent buyer would make, whether or not G7 NOTICE TO COMPLETE the buyer has made them; and G7.1 The seller or the buyer may on or after the agreed completion date but before completion give the other notice (i) anything the seller does not and could not reasonably know about. to complete within ten business days (excluding the date on which the notice is given) making time of the essence. G1.5 Where anything subject to which the lot is sold would expose the seller to liability the buyer is to comply with it G7.2 The person giving the notice must be ready to complete. and indemnify the seller against that liability. G7.3 If the buyer fails to comply with a notice to complete the seller may, without affecting any other remedy the seller G1.6 The seller must notify the buyer of any notices, orders, demands, proposals and requirements of any competent has: authority of which it learns after the contract date but the buyer must comply with them and keep the seller (a) terminate the contract; indemnified. (b) claim the deposit and any interest on it if held by a stakeholder; G1.7 The lot does not include any tenant’s or trade fixtures or fittings. The special conditions state whether any chattels (c) forfeit the deposit and any interest on it; are included in the lot, but if they are: (d) resell the lot; and (a) the buyer takes them as they are at completion and the seller is not liable if they are not fit for use, and (e) claim damages from the buyer. (b) the seller is to leave them at the lot. G7.4 If the seller fails to comply with a notice to complete the buyer may, without affecting any other remedy the buyer G1.8 The buyer buys with full knowledge of has: (a) the documents, whether or not the buyer has read them; and (a) terminate the contract; and (b) the physical condition of the lot and what could reasonably be discovered on inspection of it, whether or not (b) recover the deposit and any interest on it from the seller or, if applicable, a stakeholder. the buyer has inspected it. G8 IF THE CONTRACT IS BROUGHT TO AN END G1.9 The buyer admits that it is not relying on the information contained in the particulars or on any representations If the contract is lawfully brought to an end: made by or on behalf of the seller but the buyer may rely on the seller’s conveyancer’s written replies to written (a) the buyer must return all papers to the seller and appoints the seller its agent to cancel any registration of the enquiries to the extent stated in those replies. contract; and G2 DEPOSIT (b) the seller must return the deposit and any interest on it to the buyer (and the buyer may claim it from the G2.1 The amount of the deposit is the greater of: stakeholder, if applicable) unless the seller is entitled to forfeit the deposit under condition G7.3. (a) any minimum deposit stated in the auction conduct conditions (or the total price, if this is less than that G9 LANDLORD’S LICENCE minimum); and G9.1 Where the lot is or includes leasehold land and licence to assign or sublet is required this condition G9 applies. (b) 10% of the price (exclusive of any VAT on the price). G9.2 The contract is conditional on that licence being obtained, by way of formal licence if that is what the landlord G2.2 If a cheque for all or part of the deposit is not cleared on first presentation the seller may treat the contract as at lawfully requires. an end and bring a claim against the buyer for breach of contract. G9.3 The agreed completion date is not to be earlier than the date five business days after the seller has given notice G2.3 Interest earned on the deposit belongs to the seller unless the sale conditions provide otherwise. to the buyer that licence has been obtained (“licence notice”). G3 BETWEEN CONTRACT AND COMPLETION G9.4 The seller must G3.1 From the contract date the seller has no obligation to insure the lot and the buyer bears all risks of loss or (a) use all reasonable endeavours to obtain the licence at the seller’s expense; and damage unless (b) enter into any Authorised Guarantee Agreement (“AGA”) properly required (procuring a guarantee of that AGA (a) the lot is sold subject to a tenancy that requires the seller to insure the lot or if lawfully required by the landlord). (b) the special conditions require the seller to insure the lot. G9.5 The buyer must promptly G3.2 If the seller is required to insure the lot then the seller (a) provide references and other relevant information; and (a) must produce to the buyer on request all relevant insurance details; (b) comply with the landlord’s lawful requirements. (b) must use reasonable endeavours to maintain that or equivalent insurance and pay the premiums when due; G9.6 If within three months of the contract date (or such longer period as the seller and buyer agree) the seller has (c) gives no warranty as to the adequacy of the insurance; not given licence notice to the buyer the seller or the buyer may (if not then in breach of any obligation under (d) must at the request of the buyer use reasonable endeavours to have the buyer’s interest noted on the policy if this condition G9) by notice to the other terminate the contract at any time before the seller has given licence it does not cover a contracting purchaser; notice. That termination is without prejudice to the claims of either seller or buyer for breach of this condition G9. (e) must, unless otherwise agreed, cancel the insurance at completion, apply for a refund of premium and (subject G10 INTEREST AND APPORTIONMENTS to the rights of any tenant or other third party) pay that refund to the buyer; and G10.1 If the actual completion date is after the agreed completion date for any reason other than the seller’s default (f) (subject to the rights of any tenant or other third party) hold on trust for the buyer any insurance payments that the buyer must pay interest at the interest rate on the money due from the buyer at completion for the period the seller receives in respect of loss or damage arising after the contract date, or assign to the buyer the benefit starting on the agreed completion date and ending on the actual completion date. of any claim; G10.2 Subject to condition G11 the seller is not obliged to apportion or account for any sum at completion unless the and the buyer must on completion reimburse to the seller the cost of that insurance as from the contract date seller has received that sum in cleared funds. The seller must promptly pay to the buyer after completion any (to the extent not already paid by the buyer or a tenant or other third party). sum to which the buyer is entitled that the seller subsequently receives in cleared funds. G3.3 No damage to or destruction of the lot, nor any deterioration in its condition, however caused, entitles the buyer G10.3 Income and outgoings are to be apportioned at the actual completion date unless: to any reduction in price, or to delay completion, or to refuse to complete. (a) the buyer is liable to pay interest; and G3.4 Section 47 of the Law of Property Act 1925 does not apply to the contract. (b) the seller has given notice to the buyer at any time up to completion requiring apportionment on the date G3.5 Unless the buyer is already lawfully in occupation of the lot the buyer has no right to enter into occupation prior from which interest becomes payable by the buyer; in which event income and outgoings are to be apportioned to completion. on the date from which interest becomes payable by the buyer. G4 TITLE AND IDENTITY G10.4 Apportionments are to be calculated on the basis that: 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 (a) the seller receives income and is liable for outgoings for the whole of the day on which apportionment is to be raise no requisition or objection to any of the documents that is made available before the auction or any other made; matter, except one that occurs after the contract date. (b) annual income and expenditure accrues at an equal daily rate assuming 365 days in a year (or 366 in a leap year), G4.2 The following provisions apply only to any of the following documents that is not made available before the and income and expenditure relating to some other period accrues at an equal daily rate during the period to auction: which it relates; and (a) If the lot is registered land the seller is to give to the buyer within five business days of the contract date an (c) where the amount to be apportioned is not known at completion apportionment is to be made by reference to official copy of the entries on the register and title plan and, where noted on the register, of all documents a reasonable estimate and further payment is to be made by seller or buyer as appropriate within five business subject to which the lot is being sold. days of the date when the amount is known. (b) If the lot is not registered land the seller is to give to the buyer within five business days of the contract date G10.5 If a payment due from the buyer to the seller on or after completion is not paid by the due date, the buyer is to an abstract or epitome of title starting from the root of title mentioned in the special conditions (or, if none is pay interest to the seller at the interest rate on that payment from the due date up to and including the date of mentioned, a good root of title more than fifteen years old) and must produce to the buyer the original or an payment. examined copy of every relevant document. G11. ARREARS (c) If title is in the course of registration, title is to consist of: Part 1 – Current rent (i) certified copies of the application for registration of title made to the Land Registry and of the documents G11.1 “Current rent” means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent accompanying that application; and other sums payable by the tenant on the most recent rent payment date on or within four months preceding . (ii) evidence that all applicable stamp duty land tax relating to that application has been paid; and completion G11.2 If on completion there are any arrears of current rent the buyer must pay them, whether or not details of those (iii) a letter under which the seller or its conveyancer agrees to use all reasonable endeavours to answer any arrears are given in the special conditions. requisitions raised by the Land Registry and to instruct the Land Registry to send the completed registration documents to the buyer. G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of current rent. (d) The buyer has no right to object to or make requisitions on any title information more than seven business Part 2 – buyer to pay for arrears days after that information has been given to the buyer. G11.4 Part 2 of this condition G11 applies where the special conditions give details of arrears. G4.3 Unless otherwise stated in the special conditions the seller sells with full title guarantee except that (and the G11.5 The buyer is on completion to pay, in addition to any other money then due, an amount equal to all arrears of transfer shall so provide): which details are set out in the special conditions. (a) the covenant set out in section 3 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to 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 matters recorded in registers open to public inspection; these are to be treated as within the actual knowledge those arrears. of the buyer; and Part 3 – buyer not to pay for arrears (b) the covenant set out in section 4(1)(b) of the Law of Property (Miscellaneous Provisions) Act 1994 shall not G11.7 Part 3 of this condition G11 applies where the special conditions extend to any condition or tenant’s obligation relating to the state or condition of the lot where the lot is (a) so state; or leasehold property. (b) give no details of any arrears. G4.4 The transfer is to have effect as if expressly subject to all matters subject to which the lot is sold under the G11.8 While any arrears due to the seller remain unpaid the buyer must: contract. (a) try to collect them in the ordinary course of management but need not take legal proceedings or forfeit the 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 tenancy; superior title even if it is referred to in the documents. (b) pay them to the seller within five business days of receipt in cleared funds (plus interest at the interest rate G4.6 The seller (and, if relevant, the buyer) must produce to each other such confirmation of, or evidence of, their calculated on a daily basis for each subsequent day’s delay in payment); identity and that of their mortgagees and attorneys (if any) as is necessary for the other to be able to comply with (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 applicable Money Laundering Regulations and Land Registry Rules. for OLD arrears, such assignment to be in such form as the seller’s conveyancer may reasonably require; G5 TRANSFER (d) if reasonably required, allow the seller’s conveyancer to have on loan the counterpart of any tenancy against G5.1 Unless a form of transfer is prescribed by the special conditions an undertaking to hold it to the buyer’s order; (a) the buyer must supply a draft transfer to the seller at least ten business days before the agreed completion (e) not without the consent of the seller release any tenant or surety from liability to pay arrears or accept a date and the engrossment (signed as a deed by the buyer if condition G5.2 applies) five business days before surrender of or forfeit any tenancy under which arrears are due; and that date or (if later) two business days after the draft has been approved by the seller; and (f) if the buyer disposes of the lot prior to recovery of all arrears obtain from the buyer’s successor in title a (b) the seller must approve or revise the draft transfer within five business days of receiving it from the buyer. covenant in favour of the seller in similar form to part 3 of this condition G11. G5.2 If the seller has any liability (other than to the buyer) in relation to the lot or a tenancy following completion, G11.9 Where the seller has the right to recover arrears it must not without the buyer’s written consent bring insolvency the buyer is specifically to covenant in the transfer to indemnify the seller against that liability. proceedings against a tenant or seek the removal of goods from the lot.
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G12 MANAGEMENT given the buyer the opportunity to carry out investigations (whether or not the buyer has read those reports or G12.1 This condition G12 applies where the lot is sold subject to tenancies. carried out any investigation) and the buyer admits that the price takes into account the environmental condition G12.2 The seller is to manage the lot in accordance with its standard management policies pending completion. of the lot G12.3 The seller must consult the buyer on all management issues that would affect the buyer after completion (such G21.3 The buyer agrees to indemnify the seller in respect of all liability for or resulting from the environmental condition as, but not limited to, an application for licence; a rent review; a variation, surrender, agreement to surrender or of the lot. proposed forfeiture of a tenancy; or a new tenancy or agreement to grant a new tenancy) and: G22 SERVICE CHARGE (a) the seller must comply with the buyer’s reasonable requirements unless to do so would (but for the indemnity G22.1 This condition G22 applies where the lot is sold subject to tenancies that include service charge provisions. in paragraph (c)) expose the seller to a liability that the seller would not otherwise have, in which case the seller G22.2 No apportionment is to be made at completion in respect of service charges. may act reasonably in such a way as to avoid that liability; G22.3 Within two months after completion the seller must provide to the buyer a detailed service charge account for (b) if the seller gives the buyer notice of the seller’s intended act and the buyer does not object within five the service charge year current on completion showing: business days giving reasons for the objection the seller may act as the seller intends; and (c) the buyer is to indemnify the seller against all loss or liability the seller incurs through acting as the buyer requires, or by (a) service charge expenditure attributable to each tenancy; reason of delay caused by the buyer. (b) payments on account of service charge received from each tenant; G13 RENT DEPOSITS (c) any amounts due from a tenant that have not been received; G13.1 Where any tenancy is an assured shorthold tenancy, the seller and the buyer are to comply with their respective (d) any service charge expenditure that is not attributable to any tenancy and is for that reason irrecoverable. statutory duties in relation to the protection of tenants’ deposits, and to demonstrate in writing to the other (before G22.4 In respect of each tenancy, if the service charge account shows: completion, so far as practicable) that they have complied. (a) that payments that the tenant has made on account exceed attributable service charge expenditure, the seller G13.2 The remainder of this condition G13 applies where the seller is holding or otherwise entitled to money by way of must pay to the buyer an amount equal to that excess when it provides the service charge account; or rent deposit in respect of a tenancy. In this condition G13 “rent deposit deed” means the deed or other (b) that attributable service charge expenditure exceeds payments made on account, the buyer must use all document under which the rent deposit is held. reasonable endeavours to recover the shortfall from the tenant as soon as practicable and promptly pay the G13.3 If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer amount so recovered to the seller; but in respect of payments on account that are still due from a tenant and, subject to the terms of the rent deposit deed, comply at the cost of the buyer with the buyer’s lawful condition G11 (arrears) applies. instructions. G22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller must pay the expenditure G13.4 Otherwise the seller must on completion pay and assign its interest in the rent deposit to the buyer under an incurred in respect of the period before actual completion date and the buyer must pay the expenditure incurred assignment in which the buyer covenants with the seller to: in respect of the period after actual completion date. Any necessary monetary adjustment is to be made within (a) observe and perform the seller’s covenants and conditions in the rent deposit deed and indemnify the seller in five business days of the seller providing the service charge account to the buyer. respect of any breach; G22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure or a depreciation (b) give notice of assignment to the tenant; and fund: (c) give such direct covenant to the tenant as may be required by the rent deposit deed. (a) the seller must pay it (including any interest earned on it) to the buyer on completion; and G14 VAT (b) the buyer must covenant with the seller to hold it in accordance with the terms of the tenancies and to G14.1 Where a SALE condition requires money to be paid or other consideration to be given, the payer must also pay indemnify the seller if it does not do so. any VAT that is chargeable on that money or consideration, but only if given a valid VAT invoice. G14.2 Where the special conditions state that no VAT option has been made the seller confirms that none has been G23 RENT REVIEWS made by it or by any company in the same VAT group nor will be prior to completion. G23.1 This condition G23 applies where the LOT is sold subject to a tenancy under which a rent review due on or before G15 TRANSFER AS A GOING CONCERN the actual completion date has not been agreed or determined. G15.1 Where the special conditions so state: G23.2 The seller may continue negotiations or rent review proceedings up to the actual completion date but may not (a) the seller and the buyer intend, and will take all practicable steps (short of an appeal) to procure, that the sale agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, is treated as a transfer of a going concern; and such consent not to be unreasonably withheld or delayed. (b) this condition G15 applies. G23.3 Following completion the buyer must complete rent review negotiations or proceedings as soon as reasonably G15.2 The seller confirms that the seller: practicable but may not agree the level of the revised rent without the written consent of the seller, such consent (a) is registered for VAT, either in the seller’s name or as a member of the same VAT group; and not to be unreasonably withheld or delayed. (b) has (unless the sale is a standard-rated supply) made in relation to the lot a VAT option that remains valid and G23.4 The seller must promptly: will not be revoked before completion. (a) give to the buyer full details of all rent review negotiations and proceedings, including copies of all G15.3 The buyer confirms that correspondence and other papers; and (a) it is registered for VAT, either in the buyer’s name or as a member of a VAT group; (b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings. (b) it has made, or will make before completion, a VAT option in relation to the lot and will not revoke it before G23.5 The seller and the buyer are to keep each other informed of the progress of the rent review and have regard to or within three months after completion; any proposals the other makes in relation to it. (c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and G23.6 When the rent review has been agreed or determined the buyer must account to the seller for any increased rent (d) it is not buying the lot as a nominee for another person. and interest recovered from the tenant that relates to the seller’s period of ownership within five business days G15.4 The buyer is to give to the seller as early as possible before the agreed completion date evidence of receipt of cleared funds. (a) of the buyer’s VAT registration; G23.7 If a rent review is agreed or determined before completion but the increased rent and any interest recoverable from (b) that the buyer has made a VAT option; and the tenant has not been received by completion the increased rent and any interest recoverable is to be treated as (c) that the VAT option has been notified in writing to HM Revenue and Customs; and if it does not produce the arrears. relevant evidence at least two business days before the agreed completion date, condition G14.1 applies at G23.8 The seller and the buyer are to bear their own costs in relation to rent review negotiations and proceedings. completion. G24 tenancy renewals G15.5 The buyer confirms that after completion the buyer intends to G24.1 This condition G24 applies where the tenant under a tenancy has the right to remain in occupation under part II (a) retain and manage the lot for the buyer’s own benefit as a continuing business as a going concern subject to of the Landlord and Tenant Act 1954 (as amended) and references to notices and proceedings are to notices and and with the benefit of the tenancies; and proceedings under that Act. (b) collect the rents payable under the tenancies and charge VAT on them. G24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not without the written G15.6 If, after completion, it is found that the sale of the lot is not a transfer of a going concern then: consent of the buyer (which the buyer must not unreasonably withhold or delay) serve or respond to any notice (a) the seller’s conveyancer is to notify the buyer’s conveyancer of that finding and provide a VAT invoice in respect or begin or continue any proceedings. of the sale of the lot; G24.3 If the seller receives a notice the seller must send a copy to the buyer within five business days and act as the (b) the buyer must within five business days of receipt of the VAT invoice pay to the seller the VAT due; and BUYER reasonably directs in relation to it. (c) if VAT is payable because the buyer has not complied with this condition G15, the buyer must pay and G24.4 Following completion the buyer must: indemnify the seller against all costs, interest, penalties or surcharges that the seller incurs as a result. (a) with the co-operation of the seller take immediate steps to substitute itself as a party to any proceedings; G16 CAPITAL ALLOWANCES (b) use all reasonable endeavours to conclude any proceedings or negotiations for the renewal of the tenancy and G16.1 This condition G16 applies where the special conditions state that there are capital allowances available in respect the determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably of the lot. obtainable; and G16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer in connection with (c) if any increased rent is recovered from the tenant (whether as interim rent or under the renewed tenancy) the buyer’s claim for capital allowances. account to the seller for the part of that increase that relates to the seller’s period of ownership of the lot within G16.3 The value to be attributed to those items on which capital allowances may be claimed is set out in the special five business days of receipt of cleared funds. conditions. G24.5 The seller and the buyer are to bear their own costs in relation to the renewal of the tenancy and any proceedings G16.4 The seller and buyer agree: relating to this. (a) to make an election on completion under Section 198 of the Capital Allowances Act 2001 to give effect to this G25 WARRANTIES condition G16; and (b) to submit the value specified in the special conditions to HM Revenue and Customs for the purposes of their G25.1 Available warranties are listed in the special conditions. respective capital allowance computations. G25.2 Where a warranty is assignable the seller must: G17 MAINTENANCE AGREEMENTS (a) on completion assign it to the buyer and give notice of assignment to the person who gave the warranty; and G17.1 The seller agrees to use reasonable endeavours to transfer to the buyer, at the buyer’s cost, the benefit of the (b) apply for (and the seller and the buyer must use all reasonable endeavours to obtain) any consent to assign maintenance agreements specified in the special conditions. that is required. If consent has not been obtained by completion the warranty must be assigned within five G17.2 The buyer must assume, and indemnify the seller in respect of, all liability under such agreements from the actual business days after the consent has been obtained. completion date. G25.3 If a warranty is not assignable the seller must after completion: G18 Landlord and Tenant Act 1987 (a) hold the warranty on trust for the buyer; and G18.1 This condition G18 applies where the sale is a relevant disposal for the purposes of part I of the Landlord and (b) at the buyer’s cost comply with such of the lawful instructions of the buyer in relation to the warranty as do Tenant Act 1987 not place the seller in breach of its terms or expose the seller to any liability or penalty. G18.2 The seller warrants that the seller has complied with sections 5B and 7 of that Act and that the requisite majority G26 NO ASSIGNMENT of qualifying tenants has not accepted the offer. The buyer must not assign, mortgage or otherwise transfer or part with the whole or any part of the buyer’s G19 Sale by practitioner interest under this contract. G19.1 This condition G19 applies where the sale is by a practitioner either as seller or as agent of the seller. G27 REGISTRATION AT THE LAND REGISTRY G19.2 The practitioner has been duly appointed and is empowered to sell the lot. G27.1 This condition G27.1 applies where the lot is leasehold and its sale either triggers first registration or is a registrable G19.3 Neither the practitioner nor the firm or any member of the firm to which the practitioner belongs has any disposition. The buyer must at its own expense and as soon as practicable: personal liability in connection with the sale or the performance of the seller’s obligations. The transfer is to (a) procure that it becomes registered at the Land Registry as proprietor of the lot; include a declaration excluding that personal liability. G19.4 The lot is sold (b) procure that all rights granted and reserved by the lease under which the lot is held are properly noted against the affected titles; and (a) in its condition at completion; (c) provide the seller with an official copy of the register relating to such lease showing itself registered as (b) for such title as the seller may have; and proprietor. (c) with no title guarantee; and the buyer has no right to terminate the contract or any other remedy if information provided about the lot is inaccurate, incomplete or missing. G27.2 This condition G27.2 applies where the lot comprises part of a registered title. The buyer must at its own expense G19.5 Where relevant: and as soon as practicable: (a) the documents must include certified copies of those under which the practitioner is appointed, the (a) apply for registration of the transfer; document of appointment and the practitioner’s acceptance of appointment; and (b) provide the seller with an official copy and title plan for the buyer’s new title; and (b) the seller may require the transfer to be by the lender exercising its power of sale under the Law of Property (c) join in any representations the seller may properly make to the Land Registry relating to the application. Act 1925. G28 NOTICES AND OTHER COMMUNICATIONS G19.6 The buyer understands this condition G19 and agrees that it is fair in the circumstances of a sale by a practitioner. G28.1 All communications, including notices, must be in writing. Communication to or by the seller or the buyer may be G20 TUPE given to or by their conveyancers. G20.1 If the special conditions state “there are no employees to which TUPE applies”, this is a warranty by the seller to G28.2 A communication may be relied on if: this effect. (a) delivered by hand; or G20.2 If the special conditions do not state “there are no employees to which TUPE applies” the following paragraphs (b) made electronically and personally acknowledged (automatic acknowledgement does not count); or apply: (c) there is proof that it was sent to the address of the person to whom it is to be given (as specified in the sale (a) The seller must notify the buyer of those employees whose contracts of employment will transfer to the memorandum) by a postal service that offers normally to deliver mail the next following business day. buyer on completion (the “Transferring Employees”). This notification must be given to the buyer not less than G28.3 A communication is to be treated as received: 14 days before completion. (b) The buyer confirms that it will comply with its obligations under TUPE and any special conditions in respect (a) when delivered, if delivered by hand; or of the transferring Employees. (b) when personally acknowledged, if made electronically; but if delivered or made after 1700 hours on a business (c) The buyer and the seller acknowledge that pursuant and subject to TUPE, the contracts of employment day a communication is to be treated as received on the next business day. between the transferring Employees and the seller will transfer to the buyer on completion. G28.4 A communication sent by a postal service that offers normally to deliver mail the next following business day will (d) The buyer is to keep the seller indemnified against all liability for the transferring Employees after be treated as received on the second business day after it has been posted. completion. G29 CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 G21 ENVIRONMENTAL No one is intended to have any benefit under the contract pursuant to the contracts (Rights of Third Parties) Act G21.1 This condition G21 only applies where the special conditions so provide. 1999. G21.2 The seller has made available such reports as the seller has as to the environmental condition of the lot and has G30 EXTRA GENERAL CONDITIONS
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Trading name of Sequence (UK) Limited. Apr BC.qxp_Bagshaws 13/03/2020 10:47 Page 1
our 36 national and regional auction sales in 2020
Bagshaws Fox & Sons William H Brown William H Brown Barnard Marcus Residential Southampton Norwich Leeds
12th February 3rd February 13th February 20th February 25th February
9th March 26th March
1st April 7th April 3rd April 28th April
20th May 19th May 6th May 28th May
23rd June 18th June
15th July 28th July 29th July 23rd July 7th July
23rd September 7th September 17th September 4th September 22nd September
13th October 29th October 22nd October
10th November
2nd December 15th December 10th December 11th December 1st December
Contacts: For Bagshaws Residential, Derby Tel: 01332 542296 www.bagshawsauctions.co.uk
For Barnard Marcus, London Tel: 0208 741 8088 www.barnardmarcusauctions.co.uk
For Fox & Sons, Southampton Tel: 02380 338066 www.foxandsonsauctions.co.uk
For William H Brown Norwich Tel: 01603 598 975 www.williamhbrownauctions-norwich.co.uk
For William H Brown Leeds Tel: 01302 710490 www.williamhbrownauctions-leeds.co.uk