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Auction 042 Online Property Auction Catalogue October 2018 Starts // Ends // Wednesday Thursday 18th October 17th October from 11.00am 50TH ANNIVERSARY 1968-2018 RRP £999 @Auction £601.92 Save £397.08 POTENTIAL SAVINGS UP TO 75% OFF RRP Variety | Volume | Value White Goods • Consumer Electronics • Vehicles • Luxury Assets • Homewares • Property • Plant & Machinery • Furniture • Gardening Equipment and lots more! View. Bid. Buy johnpye.co.uk JOHN PYE ONLINE COMMERCIAL VALUATIONS PROPERTY AUCTIONS RESIDENTIAL AGENCY Overview MAINTENANCE & SECURITY *Guide Price: Each property is subject to Online Property Auction Lot Listing a Reserve Price which may be different of Properties from the Guide Price Lot Property Address Guide Price* in this Auction 1 37 Cardiff Road, Pwllheli, Caernarfonshire, LL53 5NT £325,000 2 15 Paget Road, Great Yarmouth, Norfolk, NR30 2DN £140,000 3 Link House Stores, Linkhouse, Mid Yell, Shetland, ZE2 9BP £70,000 4 32 Stonehill Street, Liverpool, L4 2QB £39,950 5 24 Witham, Hull, HU9 1BY £37,500 6 Land to the West of 66 & 68 Station Road, Amersham, HP7 0BD £50,000 7 14a, 14b, 14c Bridge St, Troed Y Rhiw, Merthyr Tydafil, DF48 4D £55,000 8 27 Wilson Road, Cardiff, CF5 4LL £100,000 9 17 Coronation Avenue, Barnsley, S72 7NN £45,000 10 Howebridge, Blakely Lane, Sowerby, Thirsk, Yorkshire, YO7 1JY £650,000 11 4 & 4a Bench Street, Dover, Kent, CT16 1JH £450,000 12 Sycharth, Betws Gwerfil Goch, Corwen, Merionethshire, LL21 9PY £140,000 13 3 West End Terrace, Hexham, NE46 3DB £99,500 14 1 Trafalgar Square, Long Eaton, Nottingham, NG10 1GQ £77,500 15 8 High Street, Galashiels, TD1 1SD £125,000 16 92 High Street, Goldthorpe, Rotherham, Sheffield, S63 9DG £49,950 17 104 Alexander House, 47 Rutland Street, Leicester, LE1 1SQ £87,500 18 Flat 4, Commerce Street, Montrose, Angus, DD10 8BN £49,950 19 Flat 5c, Egerton Court, Barrow in Furness LA14 2TT £17,500 20 Flat 5e, Egerton Court, Barrow in Furness LA14 2TT £17,500 21 16b Egerton Court, Barrow-in-Furness, LA14 2TX £15,000 Important Notice - Proof of Identification Two forms of identification (from the list below) MUST be provided by the winning bidder within 24 hours of the auction finishing. Identity Documents • Current signed passport • Current UK photo card driving licence • Current driving licence (old version) • Residential permit issued by the Home Office to EU Nationals • Inland revenue tax notification • Firearms certificate Evidence of address • Current driving licence (old version) • A utility bill issued within the last 3 months • Local authority tax bill (current year) • Bank, building society or credit union statement • Most recent mortgage statement from a UK lender. Alternatively your solicitor can write to us to confirm your identity. 4 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 5 Prior to Auction Property particulars and 1. Guide Prices 5. Survey Property All properties being sold through Have a surveyor look at the property, auction information John Pye Property online auction if necessary. Appointments can be will have guide prices, which will made for the surveyor to access the feature in the property online auction property, please email John Pye All information regarding the catalogue. This catalogue will be Property via email with any such online auction, properties for available prior to the auction start requests. sale, previews and the Online date. Guide prices are subject to Auction Catalogue can be change. Up to date guide prices can also be found on our website 6. Arrange Finance found on our website www.johnpye.co.uk/property. www.johnpye.co.uk/property It is important your finances are in place prior to bidding on a lot. If borrowing is required, the lenders 2. Property Viewings may require a surveyor to undertake We strongly advise any interested a valuation report prior to making a parties to view a property before mortgage offer. It is important to a bid is placed. Viewings will be make a mortgage application as early co-ordinated as either open day as possible, as successful bids are viewings on specific dates or by subject to 20 working days prior appointment. Details of completion, unless stated otherwise. specific viewing arrangements You should discuss the nature of can be found in the online the auction sale and timescales catalogue. with your lender. We operate a two day online auction bidding process, affording 3. Legal Documents buyers more time to arrange their For each property the vendor’s necessary finances. Any successful solicitors will prepare a legal pack. bidder will be required to pay a 10% All property legal packs are available deposit of the purchase price within to download on our website 24 hours of the online auction www.johnpye.co.uk/property, or ending. from the vendor’s solicitors - details of which will be disclosed in the online auction catalogue for each 7. Read and Understand individual lot. All legal packs will be all Terms and Conditions made available to download at least It is important to read and 7 days prior to the online auction understand all of the Terms and commencing. Conditions of the online property auction and legal documentation of the individual lots. 4. Legal Advice The full Terms and We recommend you obtain Conditions can be found at independent legal advice prior www.johnpye.co.uk/propertyterms to bidding. Property legal packs and documentation should be passed to your legal adviser, who should be able to help you make an informed decision about the lot. Further information may be available from the vendor’s solicitors. 6 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 7 Online Bidding & After Auction 1. Registration to bid 2. Addendum Before bidding on any property Before the start of the online auction, during the online auction you must all bidders should check the provide the following through our addendum sheet, this will detail any Information for a website: changes to the property online auction catalogue details. • Registration of bidder smooth transaction The addendum sheet can be found • Payment of refundable at www.johnpye.co.uk/property. registration fee All information regarding the online auction, properties for 3. Bidding Process Registration of Bidder sale and the Online Auction The bidding process will take place Catalogue can be found You can register to bid on our typically over a two day online on our website website www.johnpye.co.uk. property auction. Bidding on all lots www.johnpye.co.uk/property. You will be required to provide your will begin at the same time. name, address and contact details All lots will be offered for sale subject - you can provide your solicitor’s to an undisclosed reserve price, details if you have them. The unless stated otherwise. refundable registration fee can be paid at this stage, which will When bidding begins, bidders can allow you to bid. bid on lots once the refundable registration fee has been paid. We advise all seriously interested Refundable Registration Fee – parties provide their proof of Single Purchase Account identity at this stage. In order to set up an online auction Bids prior to auction may only be bidding account, each bidder must made through the online platform. register and pay a refundable registration fee of £500 per auction, The online auction will conclude per property (to bid on one property with a staggered finish of 10 minute only). The auctioneers reserve the intervals per lot. Once this time right to increase the refundable has elapsed and the 3 minute rule has registration fee at their discretion. been applied, the virtual gavel will effectively fall and the sale will close. The registration fee is refunded if no property is purchased; it is also 3 Minute Rule refunded if your bid is successful and This rule mirrors the principals of a will be refunded, once the property live traditional auction whereby an has exchanged contracts and the auctioneer will still entertain bids deposit (which includes the buyer’s from interested parties, enabling all premium) has been paid. bidders to lodge their interest. In the event of last minute bids a 3 minute rule will apply. This 3 minute rule stipulates any party who bids online within the last 3 minutes of any Lot’s scheduled closing time will trigger an automatic extension of a further 3 minutes of online bidding. This 3 minute trigger will continue until 3 minutes has elapsed without any further competing bids and a winning bid is achieved. 8 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 9 ONLINE BIDDING JOHN PYE ONLINE COMMERCIAL VALUATIONS & AFTER AUCTION PROPERTY AUCTIONS RESIDENTIAL AGENCY MAINTENANCE & SECURITY Reserve Not Met 5. John Pye Auction Fees Registration Points for Proof of Identification If the reserve has not been met, ONLY ONCE IDENTIFICATION John Pye Auctions Buyer’s Premium the auctioneer may then invite IS VERIFIED WILL BUYERS is charged at 2% (minimum East Midlands Office West Midlands Office Birmingham Office interested parties to engage in the PAYMENT BE ACCEPTED £3,600) inc.VAT of the purchase James Shipstone House, 39-40 Marchington Industrial One Victoria Square, submission of revised bids and the price (for transactions under Radford Road, New Basford, Estate, Marchington, Birmingham B1 1BD reserve price may be disclosed at this £60,000 the buyers premium will be Nottingham NG7 7FQ Staffordshire ST14 8LP (by appointment only) stage. Sales can still be agreed after 10% Buyer’s Payment £3,000 inc. VAT). The buyer’s Derby Office London Office Northampton Office the auction if a price can be agreed premium will be included in the 10% The 10% buyer’s payment 50 Chequers Road, 5 Old Bond Street, 7 West Street, Rusden, with the seller.
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