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. buyer’s payment payable within 24 (made-up of the deposit and West Meadows Industrial Estate, Mayfair, London, Northampton. NN10 0RT hours. buyer’s premium) must be made Derby DE21 6EN W1S 4PD (by appointment only) by online transfer only. The Failure to pay will result in losing 4. Successful Bids & minimum buyer's payment is the registration fee and you may be 10% Buyer’s Payment £6,000. banned from bidding again. Once the online auction has Failure to pay within the allocated concluded and the time has elapsed, time (24 hours of auction close) 6. Completion the successful bidder has won the lot will mean your winning bid will be Completion will occur within 20 by law. At this point your Take a break from the withdrawn and potentially offered to working days from the end of the identification must be proved other buyers. The seller has the right auction, unless specifically stated in (if not done so already) and the 10% hassles of house buying... to pursue you for the proceeds of the special conditions of sale in the buyers payment of the final auction sale should you fail to pay. legal documents. The full balance of purchase price (made-up of the sale will be payable on completion deposit and buyer’s premium) of the sale and will be co-ordinated must be paid within 24 hours of through all designated solicitors. auction end.
10% Buyer’s Payment Explained Proof of Identification It is best practice to prove identity As a basic example: prior to the auction commencing to Auction purchase price £150,000 = 10% Buyers Payment of £15,000* avoid complications toward the end
of the auction. Satisfactory proof of *10% Buyers Payment breakdown: identity must be proved within 24 Buyer’s Premium 2% = £3,600 inc VAT, Deposit of £11,400 hours of bidding ending, otherwise Leaving £138,600 to complete. we cannot accept your bid and you may be banned from bidding again. Two forms of identification will be required from the winning bidder, including photo ID ( passport or driving licence) AND proof of your address (bank statement or utility bill - no more than three months old). Your identification will need to be provided in person at one of our four registration points throughout the country (details opposite). Alternatively, your solicitor can write to us confirming your identity. All proof of identity used will be subject to satisfactory verification by John Pye & Sons Ltd.
10 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 11 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 37 Cardiff Road 17th & 18th October 2018 [email protected] LOT 1 Pwllheli 0115 970 6060 LOT 1 Caernarfonshire, LL53 5NT
Description Continued The second floor hosts four further bedrooms and a family bathroom. The PWLLHELI - CAERNARFONSHIRE third floor has two further bedrooms.
The property is neutrally decorated throughout and benefits from double glazed windows and gas central heating. There is also a detached garage to the rear Accommodation The ground floor shop accommodation extends to 88.1 m2 (948 ft2) (taken from the VOA) The first and second floors are believed to be slightly smaller and the top floor smaller still.
Please note we have not inspected this property.
Services We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
Tenure Development Opportunity Freehold We understand the property was previously used as a former food outlet and post office to the ground floor. The property offers the potential for several Guide Price £165,000+ uses subject to the necessary planning permissions being obtained.
Buyers Premium 2% (min. £3,600) inc. VAT. Sell Your Property Substantial Four Storey Mixed Use Property - Guide Price* If you are thinking of selling your property, Ground Floor Commercial Unit - Vacant contact us now for a free appraisal and £165,000+ benefit from: Possession - Opportunity To Add Value • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion FEATURES Location Description • Monthly auctions
• Auction Date: 17th – 18th October This property is located on a corner plot • For Sale-By Online Auction: 17th – 18th 2018 position on Cardiff Road, within a three- October 2018 minute drive in to Pwllheli town which • Guide Price: £165,000 + • Four storey end-terrace property offers a range of amenities and shopping • Substantial mixed use retail and residential • Potential re-development facilities. The property is located just 100 property opportunity (STP) metres from the blue flag award winning • Re-development opportunity (STP) • UPVC double glazing beach and promenade. • Sold with vacant possession • Opportunity to add value • Gas central heating Pwllheli Railway Station is less than one • Vacant possession mile from the property. The station can be This end terrace property comprises is • Excellent transport links reached via Cardiff Road and arranged over ground, first, second and third Penrhydlyniog. floors. • Freehold Pwllheli is a popular tourist resort and is The ground floor commercial unit located on the north west corner of Wales, comprises: two trading rooms, kitchen, office Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James approximately 2.5 miles north east of and W.C. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: Penrhos, and 10 minutes drive to the south 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance west of Aberech. The first floor comprises a large lounge to of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any the front elevation with bathroom, separate purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or w.c, Bedroom one and a large kitchen/diner. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 121 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 13 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 15, Paget Road 17th - 18th October 2018 [email protected] LOT 2 Great Yarmouth 0115 970 6060 LOT 2 Norfolk, NR30 2DN
Services We understand the property to have mains GREAT YARMOUTH, NORFOLK electricity, water and drainage. However, interested parties should carry out their own investigations.
Tenure Freehold
Guide Price £140,000+
Buyer’s Premium 2% (min. £3,600) inc. VAT
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs Development / Investment Analysis • 20 Working Day Completion Full planning permission was granted on 6th April 2016 to convert the former • Monthly auctions guest house into four individual flats (planning reference 06/16/0008/F).
Planning permission was granted on 20th December 2017 to amend the agreed plans to make the conversion more affordable, by removing the requirement of a four-storey extension (planning reference 06/17/0657/F).
Following conversion in to four flats, the property has the potential to achieve a combined income of approximately £25,000 per annum.
Four Storey End Terrace Property Guide Price* Redevelopment Opportunity £140,000+ Planning Permission to Convert into Four Flats
FEATURES Location Description
• Auction Date: 17th – 18th October This property is located on Paget Road, • For Sale By Online Auction: 17th – 18th October 2018 2018 between Wellesley Road and Marine • Guide Price: £140,000+ Parade in Great Yarmouth. The centre of • Four storey end terrace property • Spacious end terrace property • Planning permission granted to convert in to four flats Great Yarmouth is located just one mile • Potential income of £25,000 pa following conversion • Redevelopment opportunity from the property, accessible via Nelson • Planning consent granted for Road Central. This substantial end terrace property offers conversion into four flats accommodation arranged over basement, ground, first The property is also situated ideally and second floors. • Panning reference 06/16/0008/F within close distance to the sea front. • After conversion, potential rent of Accommodation to the basement comprises three rooms and a store room. The ground floor has a kitchen, and £25,000 Great Yarmouth is a resort town in three further rooms. The first-floor accommodation is • Three storeys and basement Norfolk, a popular and well served resort accessed via a set of stairs off the ground floor hallway, town which has a range of amenities and and the accommodation off the landing includes; W.C, • Located near the sea front shopping facilities. four rooms and shower room. Finally, the second floor • Freehold offers three rooms, bathroom, W.C, landing and roof garden. EPC Rating: E Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Externally, the property benefits on street parking. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: Solicitors 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance TBC of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or Price their employees has any authority to make or give representation or warranty whatsoever in relation to the property. 141 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 15 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Link House Stores Linkshouse 17th and 18th October 2018 [email protected] LOT 3 LOT 3 Mid Yell, Shetland 0115 970 6060 ZE2 9BP
Description Continued Outside there is a detached shed comprising a general storage area with additional partitioned area at the rear MID YELL, SHETLAND which used to house the sorting office. In addition there is also a single garage in a block of three.
There is a large derelict stone built dwelling in a state of disrepair sited on the site that extends to approx. .33 acres. Accommodation Main Building: 215 m2 (2314 ft2) Detached Shed: 58m2 (624 ft2) Single Garage: 13 m2 (140 ft2)
Please note: measurements provided by a third party. Services Potential buyers are advised to make their own investigations Tenure The property is freehold Business Rates The current rateable values are as follows Shop £2,175; Shed £370; Garage £60 Guide Price £70,000+ Investment Analysis VAT Potential buyers are advised to make their own Other uses may be possible although this would be dependent on any investigations necessary consents required and again prospective purchasers should satisfy Buyers Premium themselves in this regard. 2% (min. £3,600) inc. VAT Sell Your Home If you are thinking of selling your property, contact us By Order Of Joint Receivers - Rare Opportunity Guide Price* now for a free appraisal and benefit from: To Acquire Former Local Shop In The Heart Of £70,000+ • 0% Seller Fee A Rural Community - Sought After Location - • £0 Entry Fee • £0 Marketing Costs Potential Residential Development (STP) • 20 Working Day Completion • Monthly auctions
FEATURES Location Description
• Auction Date: 17th and 18th The property is situated across the road • For Sale By Online Auction – Date 17th - October 2018 from the pier and beach in the centre of the 18th October village of Mid Yell on Yell, the larger of • Guide Price: £70,000+ • Freehold property Shetland’s North Isles, the village being • Former Local Stores & Post Office • Retail shop & ancillary outbuildings Yell's main population centre and the • Sought After Location • Approx. 0.33 acre site location for its main amenities including the • Potential Development Opportunity (STP) Junior High School, leisure centre & • Potential residential development swimming pool, medical & care centres. Situated on a site extending to approx. 0.33 (STP) acres, the property is entered via the main • Potential change of use (STP) Yell is approximately 19 miles long by 7.5 shop doorway to a large retail area with • Close to local amenities miles wide and having a population of glazed window display. To the side is a around 1,000, and is connected to further retail space which includes a • Close to ferry terminal Mainland Shetland by a regular ferry partitioned former Post Office unit in one • Close to the beach service. corner. At the rear of the main space is a further retail / storage area with office and Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Despite the remote ‘get-away-from-it-all’ store to the side, and further store leading Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: location, the mainland is still easily through to a staff area with kitchenette & 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance accessible with a daily ferry service linking toilet. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given EPC Rating: TBA should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any Shetland with Orkney & Aberdeen, and purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Solicitors regular flights to Aberdeen, Glasgow & suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Edinburgh. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential TLT Solicitors land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 161 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 17 ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS 32, Stonehill Street £39,950+ 17th - 18th October 2018 [email protected] LOT 4 Liverpool 0115 970 6060 LOT 4 Merseyside, L4 2QB
Accommodation Total – 57 m2 (taken from EPC). LIVERPOOL, MERSEYSIDE Please note that an inspection has not been undertaken at the property and all internal images have been provided by a third party.
Services We understand the property to have mains gas, electricity, water and drainage.
Tenure Freehold
Council Tax The property is rated in Council Tax Band A. Council Tax payable (2017/18) is approximately £1,238.
Guide Price £39,950+
Buyer's Premium £3,000 inc. VAT.
Sell Your Property Investment Analysis: If you are thinking of selling your property, contact us now for a free appraisal and The property is currently vacant, however, we understand the property was previously benefit from: rented at £450 pcm (£5,400 per annum), which would reflect a gross yield of 13.53%, based on the guide price. • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs Two Bedroom Terrace Property • 20 Working Day Completion Guide Price* • Monthly auctions Ideal Investment Opportunity Potential Gross Yield of 13.53% £39,950+
FEATURES Location Description
• Auction Date: 17th – 18th October 2018 This property is located on Stonehill Street, • For Sale By Online Auction: 17th – 18th October • Two bedrooms between Oakfield Road and Old Barn Road in 2018 Liverpool. The property benefits a variety of • Guide Price: £39,950+ • Fitted kitchen and bathroom nearby amenities such as an Asda, a local • Two-bedroom terraced house - Freehold • Previously let at £450 pcm (£5,400 per Primary School and a hospital. • Vacant: Potential income of £5,400 per annum annum) • Potential gross yield of 13.53% • Potential gross yield of 13.53% Liverpool city centre is only around two miles • Gas central heating south west of the property, and is easily This property offers accommodation arranged over accessed via Breck Road. two storeys. The ground floor comprises open plan • Located closely to the city centre living and kitchen area. The kitchen includes fitted • Freehold Liverpool is a maritime city in northwest base and eye level units, a stainless-steel sink and England, where the River Mersey meets the integrated gas hob oven. Irish Sea. Liverpool is located approximately 35 miles south west of Manchester and 71 Works completed by the current owner are as miles south west of Leeds. follows: new kitchen, UPVC windows along with front and back doors. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James The first floor includes two good sized bedrooms Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D and a family bathroom with three-piece suite. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors: Externally, the property benefits on street parking should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC within the vicinity. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
181 Property Auction October 2018*Guide - Catalogue Price: Each property is subject to a Reserve Price which may be different from the Guide Property Auction October 2018 - Catalogue 19 Price 2 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 24 Witham 17th & 18th October 2018 [email protected] LOT 5 Hull 0115 970 6060 LOT 5 East Riding, HU9 1BY
Accommodation The ground floor retail area occupies 46.2 KINGSTON UPON HULL sq m (497 sq ft) figures provide by the VOA register
The upper residential part of the property is not measured, however we believe this to be in the region of 75 sq m (807 sq ft)
Services Potential buyers are advised to make their own investigations
Tenure The property is freehold
Council Tax & Business Rates The upper flat in not registered for council tax. The retail unit attracts a rateable value of £3,000 pa
Guide Price £35,000+
VAT Investment Analysis Potential buyers are advised to make their own investigations Following a program of improvements the property could be rented for approx. £750 pcm (£9,000 pa). This represents a gross yield of 25.7 % before any works have been Viewing carried out. To arrange to view the property please In addition, due to the location of the property and its close proximity to the city centre contact a member of the John Pye Property the exposed east side of the property could be used as an advertising hoarding (STP) team on 0115 970 6060 generating further income.
By Order Of The Joint Receivers A C Wright Guide Price* Sell Your Property and S J Hunt - Three Storey Mixed Use If you are thinking of selling your property, £35,000+ contact us now for a free appraisal and Investment Opportunity - Sought After Central benefit from: • 0% Seller Fee Location With Potential For Prominent • £0 Entry Fee Advertising Hoarding (STP) • £0 Marketing Costs • 20 Working Day Completion FEATURES Location Description • Monthly auctions
• Auction Date: 17th & 18th October 2018 The property is conveniently located on the • For Sale By Online Auction 17th & 18th north side of Witham in the city of Kingston October 2018 • Vacant possession upon Hull. • Guide Price: £35,000+ • Requires a program of renovation • Three Storey Mixed Use Investment • Sought after central location Voted as the city of culture for 2017, Hull • Potential to add Good Capital Value • Former taxi office to the ground floor offers an abundance of amenities and leisure facilities with many national and The property is entered via a roller shutter • Residential apartment to the upper floors international retailers and businesses door to the front elevation onto Witham. To • Potential to add good capital value trading on the doorstep with heavy passing the ground floor there is a retail area of • Potential for a prominent advertising footfall. The area is set for continued approximately 33 sq m along with a kitchen hoarding to the eastern elevation (STP) regeneration and expansion following the area and staff toilets. • Excellent transport links city of culture title. The two upper floors comprise an apartment Hull benefits from excellent road access with bay window to the front elevation and is with the M63 and A63 in close proximity. accessed through the ground floor retail unit. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Hull Paragon Interchange offers frequent Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: TBC direct rail services to London Kings Cross, 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Manchester and Leeds. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Walker Morris LLP - Leeds suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 201 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 21 ADDRESS Land to the west of 66 and 68 Station Road LOT 6 Amersham Buckinghamshire, HP7 0BD
AMERSHAM - BUCKINGHAMSHIRE
0.1 Acre Freehold Plot Of Land Guide Price* Suitable Residential Development (STP) £49,950+ Highly Sought After Area
FEATURES Location Description • Auction Date: 17th – 18th October The plot is situated towards the rear of 66 • For Sale By Online Auction: 17th – 18th 2018 and 68, Station Road, Amersham, October 2018 Buckinghamshire, and accessed from • Guide Price: £49,500+ • Sold without planning Westmount Avenue. • Freehold plot of land with no planning • Part sloping site permission • Approx. 0.1 acres The immediate vicinity boasts an array of • Suitable for residential development (STP) amenities including a Tesco Superstore and • Measures approximately 0.1 acres • Suitable for residential development a well stocked high street including a good (STP) selection of local, national and international This plot of land measures approximately 0.1 • Freehold retailers. acres.
The are excellent transport links nearby. The land is level and in parts steep sloping. The railway station is only a 10 minute Access to the land is via Westmount Avenue. JEWELLERY • DIAMONDS • WATCHES walk and provides access to Central The immediate area is characterised by London with 50 minutes, therefore, making residential property. WEEKLY EPC Rating: N/A the area very attractive to commuters keen Luxury online auctions with public Solicitors TBC to live in a suburban locality. Subject to the necessary planning LUXURY permissions, the land would be suitable for viewing days available The M40 motorway is just 10 minutes residential development. from the site and provides excellent access AUCTIONS to Central London and Heathrow airport to Buyer’s Premium the east and the city of Oxford to the west. £3,000 inc. VAT.
www.johnpyeluxury.co.uk *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price
Property Auction October 2018 - Catalogue 23 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 14 Bridge Street 17th & 18th October 2018 [email protected] LOT 7 Troed-y-Rhiw 0115 970 6060 LOT 7 Merthyr Tydfil CF48 4DT
Accommodation Measurements to be confirmed.
MERTHYR TYDFIL Serrvices We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
Tenure Freehold
Guide Price £55,000+
Buyers Premium 2% (min. £3,600) inc. VAT.
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from: • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion Investment Analysis • Monthly auctions Once a program of essential works have been completed it is envisaged that each two bedroom unit will command a monthly rent of approximately £375 pcm (£4,500 pa) and the one bedroom unit will rent for approx. £325 pcm (£3,900 pa). this would equate to a gross income of £12,900 pa representing a gross yield of 23.45% before the costs of any works have been taken into account.
By Order Of The Joint Fixed Receivers A C Guide Price* Wright & S J Hunt - Freehold End Terrace £55,000+ Block Of Flats - Requires Full Renovation Throughout
FEATURES Location Description
• Auction Date: 17th – 18th October The property is located on the southern • Online Auction date: 17-18 October 2018 side of Bridge Street, adjacent to Troed-y- • Guide price: £55,000+ Rhiw Railway Station, and extending onto • Freehold end terrace property requiring • End terrace residential property Elm Street at the southern perimeter. Bridge renovation • Freehold Street heads west over the River Taff, and • 2 x 2 bedroom flats & 1 x 1 bedroom flat merges into Ash Road and Glantaff Road. • 2 x 2 bedroom flats • Opportunity to add value • 1 x 1 bedroom flat Bridge Street is characterised by a mix of local independent shops, takeaways and The property comprises a substantial end of • Requires full renovation throughout restaurants with residential accommodation terrace brick built period building arranged • Poor condition above, and some residential terraced over ground and first floors which has been housing. Nearby occupiers include converted into flats. To the rear of the • Excellent access to direct half-hourly Blondies Hairdresser, Ladbrokes, The property there is a single storey extension. rail services to Cardiff Angle Inn Public House and Dragon Grill • Opportunity to add value House. The building is configured to provide 2 x 2 • Approx. floor area 2,000 ft2 bedroom flats and 1 x 1 bedroom flat. The Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Cardiff is located approximately 20 miles to building is in a poor condition throughout, Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself the south east of Merthyr Tydfil, and can be and for the vendors or lessors of this property, whose agent they are, give notice that: and requires a full programme of 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance accessed via direct half-hourly train refurbishment and modernisation. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given services from the adjacent Troed-y-Rhiw should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any railway station in under an hour or by road purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or EPC Rating: TBA The property is to be sold with vacant suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye via the A470.. Brecon Beacons are possession. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Solicitors immediately to the north of Merthyr Tydfil. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings TLT LLP - Bristol services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 241 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 25 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 27 Wilson Road 17th & 18th October 2018 [email protected] LOT 8 Cardiff 0115 970 6060 LOT 8 South Glamorgan, CF5 4LL
Accommodation The ground floor shop accommodation CARDIFF - SOUTH GLAMORGAN extends to 95.3 sq m (1026 sp ft) (taken from the VOA)
As of today we have not yet inspected this property.
Tenure Freehold
Guide Price £100,000+
Buyers Premium 2% (min. £3,600) inc. VAT.
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from: • 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion Investment Analysis • Monthly auctions The property is let in its entirety on a Fully Repairing and Insuring (FRI) basis to one tenant for a period of 15 years from 5 April 2017. The current passing rent is £11,440 with rent reviews every three years. A purchase at the guide price of £100,000 represents a net initial yield of 11.44%
By Order Of The Joint Fixed Receivers A C Guide Price* Wright & S C Hunt - Mixed Use Investment £100,000+ Opportunity - Ground Floor A5 Takeaway With Upstairs Living Accommodation
FEATURES Location Description
• Auction Date: 17th – 18th October This property is located on the corner of Wilson Road • For Sale-By Online Auction: 17th – 18th 2018 and Deere Road in the popular residential district of October 2018 Ely that lies just 3 miles west of Cardiff city centre. • Guide Price: £100,000 + • End of terrace mixed use property Ely is predominantly residential with the shops on • Gross yield 11.44% • Currently let at £11,440 pa Wilson Street providing the main shopping area of the • Mixed use retail and residential property • Rent reviews every three years district, Nearby occupiers include, butchers, • Tenanted : £11,440 per annum greengrocers, chemists, dentists and a small local • Lease expires 2032 supermarket. • Off road parking This end terrace property is currently trading Cardiff city centre offers a wide range of amenities and • Sought after residential location is easily accessible via the A48. Bus services run from as a fish and chip takeaway to the ground adjacent to the property at 10 minute intervals to the floor and is made up of two retail zones with • Freehold city centre and the nearby Waun-gron Park railway staff a staff toilet and storage / preparation station provides direct half hourly services to Cardiff area to the rear. Central in under 10 minutes. There is a flat to the first floor that has not Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James The M4 Motorway, linking London to Swansea, is less yet been inspected. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself than 5 miles from the property and provides excellent and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: access to the national motorway network. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The property is let in its entirety to a single of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any tenant for a period of 15 years from 5 April purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or 2017 on a Fully Repairing & Insuring (FRI) suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye basis. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 261 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 27 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 17 Coronation Avenue 17th & 18th October 2018 [email protected] LOT 9 Grimethorpe, Barnsley 0115 970 6060 LOT 9 Yorkshire, S72 7NN
Accommodation Total – 101 Sq. M (1’087 Sq. Ft) BARNSLEY, YORKSHIRE Measurements are approximate and have been taken from the EPC.
Services We understand the property to have mains gas, electricity, water and drainage, however we would advise any interested parties to make their own enquiries.
Tenure Freehold
Council Tax The property is rated in Council Tax Band A. Council tax payable for (2017/2018) per annum is approximately £1,112.
Asking Price £45,000+
Buyers Premium 2% (min. £3,000) inc. VAT
Viewings Investment Analysis Viewings are available by appointment The property is currently let to a DHSS tenant achieving £95 per week only please contact a member of the John (£4,940 pa). This represents a gross annual yield of 10.98% based on the Pye Property team today 0115 970 6060. guide price.
Spacious Semi-Detached House Guide Price* Income Producing Investment £4,940 pa £45,000+
FEATURES Location Description
• Auction Date: 17th & 18th October The property is in Grimethorpe, a large • Three-bedroom semi-detached house 18 village in the borough of Barnsley and • Ready made investment within easy commuting distance to • Investment: Currently let for £95 pw • Three-bedroom semi-detached Barnsley town centre to the west and (£4,940 pa) house Doncaster to the south. More specifically • Freehold • Spacious plot the property is situated in an elevated • Accommodation over two storeys position on Coronation Avenue off This three bedroom semi detached property Cemetery Road. enjoys spacious accommodation arranged • Some refurbishment required over two storeys. To the ground floor there • Approx. 101 Sq. M (1’087Sq. Ft) Barnsley town centre is located within 7 is a fitted dining kitchen requiring • Freehold miles to the southwest of the property and modernisation, a spacious living room and provides excellent shopping facilities along downstairs WC. • Ideal investment opportunity with a wide range of other amenities. • Currently let for £95 pw (£4,940 pa) Stairs to the first floor provide access to two Barnsley is a town in South Yorkshire, double bedrooms, one single bedroom and a Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James located halfway between Leeds and family bathroom. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: Sheffield. Barnsley train station is located 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance under 20 minutes’ drive from the property, Externally the property benefits from front of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given EPC Rating: C should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any providing regular access up and down the and rear gardens and there is on street purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or Solicitors country. parking available. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 281 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 29 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Blakey Lane 17th & 118th October 2018 [email protected] LOT 10 Sowerby, Thirsk 0115 970 6060 LOT 10 Yorkshire, YO7 1JY
Description Continued The large entrance hallway provides stairs to the first floor landing where there are THIRSK - NORTH YORKSHIRE four good sized bedrooms and a family bathroom. The master bedroom benefits from fitted wardrobes and an en-suite bathroom.
Externally, the property is set within mature gardens, having paddocks extending to the private section of the river, this provides easy on foot access to the town centre within 10 minutes. There is also ample driveway parking with a turning circle in front of the property and stables with a hay store are located in the Paddock. Accommodation Total – 302 Sq. M (3250 Sq. Ft) Approximate measurement provided by a third party
Services We understand the property to have mains gas, electricity, water and drainage, however we would advise any interested parties to make their own enquiries. Tenure Freehold
Council Tax The property is rated in Council Tax Band G. Council Tax payable (2017/18) is approximately £2,758 pa.
Substantial Detached House Requiring Guide Price* Guide Price Refurbishment - Planning Permision For £650,000 £650,000+ Buyers Premium Additional Detached Dwelling - Set Within 2% (minimum £3,600) including VAT
4 Acres Viewings Viewings are available by appointment FEATURES Location Description only please contact a member of the John Pye Property team today 0161 219 3001. • Auction Date: 17th & 18th October The property is desirably positioned within • Auction Date: 17th & 18th October 2018 2018 this substantial plot off Blakey Lane in • Large detached home & substantial Sowerby. Sowerby is a popular residential grounds with private river frontage • Imposing detached house village which enjoys scenery of a • Planning consent for an additional detached • Requiring modernisation throughout countryside village whilst being in walking dwelling • Equestrian facilities including distance to all the amenities in Thirsk town • Vacant: Opportunity to Add Value grazing land & stables centre. • Freehold
• Approximately 4 acre plot Well placed for commuters the property is Individually built in 1964, this substantial • Adjoining river with fishing rights within easy reach of the A19 & A1 road detached family home is set within a • Approx. 302 Sq. M (3,250 Sq. Ft) links. Thirsk railway station is located generous four acre plot which enjoys within 2 miles of the property and is equestrian facilities and has the benefit of • Vacant Possession accessible via the A61. planning consent to erect a four bedroom • Freehold detached house within the grounds. The village is well located for the larger Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James cities including York (25 miles) to the south The house offers spacious accommodation Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: G and Middlesbrough (30 miles) to the north. arranged over two floors and would benefit 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance from a programme of full refurbishment of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any There are also numerous racecourses throughout. There are four reception rooms, purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or within the area including Redcar, Ripon and utility room, an open plan kitchen, two suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Beverley making the property very suitable conservatories and a garden room to the Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings for equestrian activities. ground floor. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 301 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 31 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 4/4a Bench Street 17th & 18th October 2018 [email protected] LOT 11 Dover 0115 970 6060 LOT 11 Kent, CT16 1JH
Accomodation The property comprises a ground floor DOVER, KENT commercial restaurant space which has been let for the past 7 years to its current tenants. The first and second floors of the building house a 9 bedroom HMO which is currently vacant.
Services We understand the property has mains gas, electricity, water and drainage. Interested parties should carry out their own investigations.
Tenure Freehold
Buyers Premium Buyers premium of 2% (inc VAT) payable.
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from: Investment analysis: • 0% Seller Fee • £0 Entry Fee The ground floor restaurant is currently let for £11,000 per annum. We would expect the • £0 Marketing Costs HMO on the 1st and 2nd floors to achieve £42,000 per annum. • 20 Working Day Completion • Monthly auctions The property would also pose a residential development opportunity subject to required planning consents.
A mixed use property with a ground Guide Price* floor commercial unit and nine bedroom £475,000+ HMO
FEATURES Location Description
• Auction Date - 17th - 18th October The property is located centrally in the • Auction date: 17th & 18th October 2018 coastal town of Dover on the part • Mixed Use Property • Mixed Use Opportunity pedestrianised Bench Street which is access • Ground Floor Restaurant Premises • Ground Floor Commercial Premises via the A20 and the A256. • 1st & 2nd Floor HMO • Nine Bedroom HMO Opportunity • Tenure - Freehold The property is just a short walk from • Freehold points of interest such as the market square Mixed use property consisting of a ground • Upstairs Residential Space Spread and Dover Museum. The property is a floor commercial unit with a nine bedroom across 233m2 (taken from EPC) short walk away from Dovers flagship St HMO across the upper floors in a town • Town Centre Location James retail and leisure development which centre location. The property is centrally is located on St James street which opened located in the coastal town of Dover and is • Close To St James Retail and Leisure early in 2018. within walking distance to local landmarks as • Dover Priory Station - 0.5 Miles well as the recently completed St James • Buyers Premium Applicable Shopping and Leisure centre. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors: TBC should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 321 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 33 MONTHLY ONLINE PROPERTY AUCTIONS NATIONWIDE % SELLER 0 FEES • £0 Marketing Costs • £0 Entry Fee • Monthly Online Property Auctions • Nationwide online property auctions • Free property auction appraisal
VISIT: johnpye.co.uk/departments/property/free-property-appraisal/ Call now for your FREE property appraisal - 0115 970 6060 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 17th & 18th October 2018 [email protected] LOT 12 LOT 12 Betws Gwerfil Goch, Corwen 0115 970 6060 Denbighshire, LL21 9PY
Description Continued The integrated garage is accessed from the hallway where there are stairs leading to the two loft rooms.
CORWEN - NORTH WALES Outside, the property enjoys mature, well established south facing gardens with fruit trees and bushes and uninterrupted views across open countryside in addition to a garden shed. To the front of the property there is also a lean to and adequate parking for around four cars. Accommodation Lounge / Dining Room: 6.63m x 3.96m Kitchen: 3.96m x 3.43m Conservatory: 2.97m x 2.46m Bedroom 1: 3.51m x 3.35m Bedroom 2: 3.56m x 2.92m Bedroom 3: 3.18m 2.46m Loft room: 5.54m 3.73m
Please note: measurements provided by a third party. The EPC states the property has a total area of 236m2 (2540 ft2) Services Potential buyers are advised to make their own investigations Tenure The property is freehold Council Tax The property is subject to council tax band E. The rate payable for 2018 / 2019 is £1901 pa) Guide Price £140,000 + Buyers Premium 2% (min. £3,600) inc. VAT Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions
Three Bedroom Detached Bungalow - Guide Price* Sought After Semi Rural Loaction - Ideal £140,000+ Holiday Let - Stunning Views
FEATURES Location Description
• Auction Date: 17th & 18th October The property is located in the village of • For Sale By Online Auction – Date 17th & 2018 Betws Gwefil Goch on the outskirts of 18th October 2018 Corwen in Denbighshire, North Wales. • Guide Price: £140,000+ • Three Double Bedroom Detached • Sought After Semi Rural Location Bungalow Nearby local amenities include a village • Excellent holiday let potential • Two En-Suite Bathrooms school opposite the property. • Two Further Bathrooms Upon entering the property there is a The popular tourist destinations of through lounge with large patio doors, • Loft Rooms Snowdonia National Park, Llangollen, Bala providing good natural light, which lead • Integrated Garage & Betws y Coed are all approx. 15 miles onto a decked area with wonderful far • South Facing Established Gardens from the property and are easily accessed reaching views. Beyond the lounge is the by the main A5 making this location rustic style kitchen with a range of base and • Sought After Picturesque Location particularly attractive to walkers, cyclist and eye level units. The kitchen provides access • Potential Holiday Let mountaineers. to the rear conservatory. A corridor from the • Good Transport Links lounge leads to three bedrooms, two of Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James The coastal towns of Colwyn Bay, Rhyl and which are en-suite along with a family Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: G Bangor and the major city of Chester are all bathroom. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance within just an hour’s drive. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 361 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 37 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 3, West End Terrace [email protected] 17th – 18th October 2018 LOT 13 Hexham 0115 970 6060 LOT 13 Northumberland, NE46 3DB
Investment Analysis There is significant opportunity to add value to the property through basic modernisation. HEXHAM, NORTHUMBERLAND The property is to be sold with vacant possession.
If the property is modernised, rental figure of £795 pcm (9,540 per annum) could potentially be achieved.
Accommodation Total – Approx. 88 m2 / 947 sq. ft (Measurement taken from the EPC).
Services We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
Tenure Freehold
Council Tax This property is rated in Council Tax Band A. Council Tax payable is £1,218 per annum.
Guide Price £99,500+
Buyer’s Premium 2% (min. £3,600) inc. VAT.
Sell Your Property Three Bedroom Terrace Property Guide Price* If you are thinking of selling your property, contact us now for a free appraisal and benefit To Be Sold with Vacant Possession £99,500+ from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs FEATURES Location Description • 20 Working Day Completion • Monthly auctions • Auction Date: 17th – 18th October This property is located on West End • For Sale By Online Auction: 17th – 18th 2018 Terrace in Hexham, just south of the River October 2018 Tyne. Hexham is a town within • Guide Price: £99,500+ • Three-bedroom terrace Northumberland which offers a variety of • Three Bedroom terrace property • To be sold with vacant possession nearby amenities such as: Barclays Bank, • Potential rental income of £7,800 per • Opportunity to add value Tesco Extra, Marks & Spencer and a range annum of other facilities. • Gross yield of 7.84%, based on the guide • Approx. 88 sq. m / 947 sq. ft price • Close to the town centre There are excellent transport links that run • Freehold • Excellent nearby transport links through the area including railway services, accessible via Hexham Train Station, just This three-bedroom terrace property • Gas central heating under a mile away from the property. Good comprises spacious accommodation • Garden to the rear access is provided through the B6305. arranged over two storeys. • Potential rental income of £7,800 per annum Northumberland is a county in the north The ground floor accommodation briefly Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James west, located approximately 27 miles of comprises kitchen and reception room. To Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: D Newcastle upon Tyne and 70 miles of the first floor, there are three good sized 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Middlesbrough. Good road links include bedrooms and a family bathroom. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any the A1 and A696. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC Externally, the property has single glazed suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye windows and an enclosed garden to the rear. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 381 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 39 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 1, Trafalgar Square [email protected] 17th – 18th October 2018 LOT 14 Long Eaton 0115 970 6060 LOT 14 Derbyshire, NG10 1GQ
Description Continued To the upstairs accommodation, the bathroom includes part tiling to the walls, NOTTINGHAM, DERBYSHIRE laminate effect flooring and three-piece suite with Aquatronic One Plus electric shower over bath.
Furthermore, there is a cupboard underneath the stairs to provide additional storage space. The property also benefits emergency lighting and full fire alarm system.
Externally, the property benefits UPVC double glazed windows, adequate space for a small vehicle to the front and a garden to the rear of the property. Services We understand the property has mains gas, electricity, water and drainage. However, all interested parties are advised to make their own enquiries.
Tenure Freehold Investment Analysis The property is currently vacant, however, was previously let on a room by room basis at £69 per room, per week (£10,764 per annum). This represents a potential gross yield of 13.89%, based on the guide price.
Accommodation Kitchen – 2.12 x 1.72 m Terrace Property Providing Three Letting Rooms Dining Room – 3.59 x 3.61 m Guide Price* Under stairs storage – 1.01 x 0.90 m Freehold Investment Opportunity Stairs – 3.74 x 0.88 m £77,500+ Lounge / Bedroom 1 – 3.59 x 3.63 m Potential Gross Yield of 13.89% Bedroom 2 – 3.66 x 3.64 m Bedroom 3 – 2.84 x 2.58 m Bathroom – 1.93 x 1.80 m Upstairs hallway - 0.97 x 3.61 m + 2.69 x 0.70 m FEATURES Location Description Total – 63.3 m2 = 681.36 sq. ft
• Auction Date: 17th – 18th October The property is situated on a secluded cul • For Sale By Online Auction: 17th – 18th Buyer’s Premium 2018 de sac on Trafalgar Square, Longeaton. October 2018 2% (min. £3,600) inc. VAT. Trafalgar Square is accessed off Main Street • Guide Price: £77,500+ • Previously let on a room by room with the area benefiting a wide selection of • Terrace property basis shops such as Tesco Extra, Boots, Lloyds • Vacant: Previously let on a room by room • Three potential letting rooms Bank and other nearby amenities. basis producing £10,764 per annum • Previous income of £10,764 per • Potential yield of 13.89% based on the annum Long Eaton is a town in the district of guide price Derbyshire, situated north of the River • Freehold • Potential yield of 13.89% Trent. There are a range of transport links • Cul de sac location available, providing easy access around The property is set over two storeys. • Fire alarm system Long Eaton and railway services to provide Accommodation briefly comprises: open further access across the country. Derby is plan kitchen and dining room, living room / • Excellent transport links located just 10.6 miles north west of the potential letting room, two spacious • Freehold property and Nottingham just 7 miles north bedrooms, bathroom and garden to the rear. east of the property. Good access is Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself EPC Rating: EE provided via the A6005. To the ground floor accommodation, the and for the vendors or lessors of this property, whose agent they are, give notice that: Solicitors kitchen includes base and eye level units, 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance stainless steel sink and tiled flooring. The of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given The M1 motorway is located under 15 should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any TBC minutes away from the property, with easy dining room and bedrooms are all carpeted purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or access via Derby Road and the A6005. and neutrally plastered and painted suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential throughout. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide their employees has any authority to make or give representation or warranty whatsoever in relation to the property. Price 401 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 41 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 8, High Street [email protected] 17th – 18th October 2018 LOT 15 Galashiels 0115 970 6060 LOT 15 Selkirkshire, TD1 1SD
Description continued Beyond the first floor restaurant is a kitchen and preparation area extending over the next doors shops GALASHIELS, SELKIRKSHIRE below (Sorella and The Italian Job). This area of the building has traditional sash windows overlooking the high street and the pedestrianised area.
The second floor is currently set up as office spaces with reception area, three good sized offices to the front elevation and one to the side elevation. The office to the side of the property has the benefit of a fire escape leading to the lower levels of the building. In addition, there is a small storeroom. Accommodation Ground floor retail: 77m2 (829 ft2) First floor restaurant: 117m2 (1259 ft2) First floor kitchen & prep area: 41m2 (441 ft2) Second floor offices: 88m2 (947 ft2) Total: 323 m2 (3476 ft2) Services We understand the property to have mains gas, electricity, water and drainage. Potential buyers are advised to make their own investigations Business Rates The property has a rateable value of £16,300 pa as at 1st April 2017. Please Note, a new tenant or occupier of the Investment Analysis: property has the right to appeal this rateable value within 6 months of the beginning of the tenancy agreement and this property may also be applicable for small business Subject to planning, the property could be converted to apartments on the upper floors. rates relief. We envisage that a minimum of four two bedroom residential units could be developed as access could potentially be gained from Overhaugh Street, (subject to planning). VAT Alternatively, following conversion, the top floor office units could be converted to a TBA three bedroom apartment (STP) and the lower floors could remain to provide an income Guide Price to the freeholder. Three Storey Period Property 323m2 (3476 ft2) £125,000+ Guide Price* Buyers Premium Class 3 Hot Food Consent £125,000+ 2% (min. £3,600) inc. VAT Residential Development Opportunity (STP) Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from: • 0% Seller Fee • £0 Entry Fee FEATURES Location Description • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions • Auction Date: 17th – 18th October The property is located on the eastern side Draft Details 2018 the High Street in the large town of • Auction Date: 17th – 18th October 2018 Galashiels in the heart of the Scottish • Guide Price: £125,000+ • Three Storey Former Delicatessen, Borders. • Ideal Mixed Use Development Opportunity Brasserie & Offices (STP) • Class 3 Hot Food Consent Nearby traders include, Asda Superstore, • Busy High Street Location • Residential Development Iceland, The Clydesdale Bank, JD Opportunity (STP) Wetherspoons, Burtons and Dorothy The property comprises a former café / Perkins in addition to a good range of local delicatessen to the ground floor with double • Busy High Street Location independent retailers. fronted glazing, wooden flooring, tiffany style • Freehold pendant lights, storage and fire escape to the • Close to amenities The capital City of Edinburgh is just 30 rear. miles north of the property and is easily • Excellent transport links accessed by the A7 trunk road or by the An ornate central stairwell leads to the customer Borders Railway within an hour. toilets located at mezzanine level and to the first Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James floor there is a brasserie style restaurant Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: Galashiels is the largest town in the Scottish spanning over the neighbouring shop with four 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Borders and attracts a wide range of visitors full length glazed units overlooking the town of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any travelling from the North of England into centre, wooden flooring and again tiffany style purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or BTO Solicitors LLP Glasgow Edinburgh via the picturesque Kielder pendant lighting. There is a fire escape leading suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Forest and The Borders Forest. to Overhaugh Street and stairway leading to the Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings second floor. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 421 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 43 JP 4-9-18 R3 Advert.qxp_JP 4-9-18 R3 Advert 05/09/2018 13:41 Page 1
WE DO FAR MORE THAN BRING ON IT SAYS ON THE TIN... THE BUBBLES Although we are extremely good at auctions, we’re also the market leaders for Business Assets management. So if you need experts in mergers, acquisitions and cessation of businesses, call us on 0207 456 6750 or 0115 970 6060.
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With cold weather fast approaching, a hot tub is a great way to add value to your property and help entice long term tennants.
We are presenting a large range of hot tubs for public auction, from brands including Kerswell, Pacific, Eastern ST, HaiWaii, Buckland, Maui, Western ST, Roundway and Stanford Public Viewing: Friday 19th & 26th October 12am - 3pm Bidding Ends: Monday 29th October TBC Location: Kenfig Industrial Estate Port Talbot SA13 2PE
View. Bid. Buy johnpye.co.uk johnpye.co.uk ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 92, High Street [email protected] 17th – 18th October 2018 LOT 16 Goldthorpe, Rotherham 0115 970 6060 LOT 16 South Yorkshire, S63 9DG
Description Continued Externally, the property has a garden to the rear and benefits on street parking. There is also an outbuilding to the rear of the property GOLDTHORPE, SOUTH YORKSHIRE which we are advised was previously used as a workshop. Accommodation Total – 109 m2 (1,173 square feet) (Taken from the EPC). Please note we have not inspected this property.
Services We understand the property has mains gas, electricity, water and drainage. We are advised by the vendor the property had new gas central heating implemented last year and electrical rewiring this year. Interested parties should carry out their own investigations. Tenure Freehold
Buyer’s Premium £3,000 inc. VAT.
Sell Your Property Development Potential / Investment Analysis: If you are thinking of selling your property, contact us now for a free appraisal and benefit This property is currently vacant and requires work before new tenants are from: secured. Planning application reference number with Barnsley Council is • 0% Seller Fee 2017/0489. Once the upper floors are converted to residential, and the • £0 Entry Fee ground floor has been refurbished, we consider the property will achieve a • £0 Marketing Costs total rental income in the region of £8,000 per annum, which reflects a gross • 20 Working Day Completion yield of 16%, before accounting for building work and purchaser’s costs. • Monthly auctions Freehold Commercial Property - Sold Vacant Guide Price* Planning Permission to Convert First Floor to Residential £49,950+
FEATURES Location Description
• Auction Date: 17th – 18th October 2018 This property is located on High Street, off • For Sale By Online Auction: 17th – 18th B6098 in Rotherham. The area is well October 2018 • Semi-detached commercial unit situated to the centre of Goldthorpe, which • Guide Price: £49,950+ • Residential conversion opportunity – can be reached via Straight Lane and the • Freehold commercial property – Sold upper floors B6098 within just seven minutes. There are Vacant • Planning reference: Barnsley Council also bus links that run in to and out of the • Residential conversion opportunity – upper -2017/0489 town centre, which the property has close floors • Decision notice – 25 January 2018 access to. • Planning reference: Barnsley Council • Requiring refurbishment -2017/0489 Rotherham is a large town in South • Opportunity to add value Yorkshire. It is located under 10 miles This property is currently set out as office • Ground and first floor accommodation north east of Sheffield, 12 miles south east space to the ground and first floors, however • Outside space to the rear of Barnsley and approximately 19 miles planning permission was granted in January south west of Doncaster. Good road links 2018 for conversion of the upper floors to • Main road location include A629, M1 and M18 motorway. residential. There is newly fitted laminate flooring to the upstairs accommodation. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James EPC Rating: C Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself Before securing tenants for the property, to and for the vendors or lessors of this property, whose agent they are, give notice that: Solicitors 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance achieve its full rental income potential, a of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given TBC programme of refurbishment and should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any modernisation is required. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or Price their employees has any authority to make or give representation or warranty whatsoever in relation to the property. 461 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 47 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Alexandra House th th [email protected] 47 Rutland Street 17 – 18 October 2018 LOT 17 0115 970 6060 LOT 17 Leicester LE1 1SQ
Description Continued The kitchen has a range of integrated white LEICESTER CITY CENTRE goods and electric cooker. Patio doors from the lounge provide access to the balcony overlooking Wimbledon Street to the rear.
The master bedroom located at the front of the property has the benefit of an en-suite shower room and fitted wardrobes. The second bedroom also has access to the balcony. The main bathroom is fully tiled with shower over bath.
Accommodation 72 m2 (775 ft2) Measurement taken from the EPC register
Tenure The property is leasehold – length of lease TBA, however this is in excess of 100 years.
Ground Rent & Service Charge The ground rent is currently £250 pa and the service charge is approximately £2,700 pa
Council Tax Investment Analysis The property is subject to council tax band B. The rate payable for 2018 / 2019 is £1,377 We expect the property could achieve a rent in the region of £700 pcm pa) (£8,400 pa). This represents a gross yield of 9.6% based on the guide price. Leicester has seen reasonably strong house price growth recently, and we Guide Price expect this to continue, particularly given that the proposed HS2 will be £87,500 passing near the region. Buyers Premium Well Presented City Centre Apartment - Guide Price* 2% (min. £3,600) inc. VAT Ideal Buy To Let Opportunity - Potential £87,500+ Sell Your Property Gross Yield 9.6% - Long Leasehold - If you are thinking of selling your property, contact us now for a free appraisal and benefit Vacant Possesion from: • 0% Seller Fee • £0 Entry Fee FEATURES Location Description • £0 Marketing Costs • 20 Working Day Completion The apartment is ideally situated within an • For Sale By Online Auction – Date 17th – • Auction Date: 17th – 18th October • Monthly Auctions 2018 imposing converted late Victorian former 18th October 2018 warehouse on Rutland Street in the heart of • Guide Price: £87,500+ • Two bedroom apartment Leicester city centre. • Excellent buy-to-let opportunity -potential • Sought after location rental income of £700 pcm (£8,400 pa) • Secure underground valet parking Nearby amenities include an excellent array • Spacious and well-presented two bedroom of local and national shops located within apartment • Neutrally decorated throughout the Haymarket Shopping Centre, just a five • Long Leasehold (over 100 years) – sold • Good transport links minute walk from the property. There are with vacant possession • Close to amenities also numerous bars and restaurants all within an easy walk from the property • Long Leasehold – Over 100 years making the area of the city particularly The apartment is located in the newer built remaining popular with young professionals attracted annex to the rear of the building on the • Vacant possession to the vibrant city lifestyle. fourth floor. The entrance hallway leads through to the open plan living / kitchen Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James area. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself Leicester mainline station is only 10 and for the vendors or lessors of this property, whose agent they are, give notice that: EPC Rating: B minutes walk from the property, proving 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance good access to Nottingham in the north and of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any London to the south. Leicester is also well purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC served with an excellent road network suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential including the M1 and M69 motorways land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings linking the major cities of the midlands. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 481 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 49 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS Flat 4, 2, Commerce Street [email protected] 17th – 18th October 2018 LOT 18 Montrose 0115 970 6060 LOT 18 Angus, DD10 8BN
Investment Analysis This property is currently vacant, however MONTROSE, ANGUS could let at £450 pcm (£5,400 per annum). Services We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.
Auction Date 17th – 18th October 2018
Tenure Share of Freehold
Guide Price £49,950+
Buyers Premium £3,000 inc VAT
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions
Two Bedroom Self Contained Flat Guide Price* Ideal investment Opportunity £49,950+
FEATURES Location Description
• Auction Date: 17th – 18th October The property is located on Commerce • For Sale By Online Auction: 17th – 18th 2018 Street. Which provides east access to the October 2018 A92 via Wharf Street. The properties • Guide Price: £49,950+ • Two bedroom flat location provides convenient access to the • Two bedroom flat • Fitted kitchen and bathroom town centre which offers a wide range of • Vacant: Potential income of £5,400 per • Potential income of £450 pcm amenities. annum (£5,400 per annum) • Double glazed Montrose train station is approximately one • Popular residential area mile from the property and provides direct This property comprises a two-bedroom flat. • Double glazing access to Edinburgh, Glasgow and The accommodation includes, two Aberdeen. bedrooms, living room, kitchen, bathroom. The master bedroom as an ensuite shower Montrose is a costal town which is located room. in Augus, Scotland. It’s situated approximately 38 miles north of Dundee The kitchen has a fitted kitchen with base and Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James and has a population of approximately eye level units and wood laminate floor. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: 12,000. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance The property benefits from double glazing of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any and a gas fired central heating system. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property. *Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 501 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 51 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 5c, Egerton Court [email protected] 17th – 18th October 2018 LOT 19 Barrow-In-Furness 0115 970 6060 LOT 19 Lancashire, LA14 2TT
Accommodation Please note we have not inspected this BARROW-IN-FURNESS, LANCASHIRE property. Services We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.
Investment Analysis This property is currently tenanted at £312 pcm (£3,744 per annum), reflecting a gross yield of 21.39%, based on the guide price.
Guide Price £17,500+
Buyer’s Premium £3,000 inc. VAT.
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion
First Floor One Bedroom Flat - Currently Tenanted Guide Price* High Yielding Investment Opportunity Good Rental Location £17,500+
FEATURES Location Description
• Auction Date: 17th – 18th October This property is located within this • For Sale By Online Auction: 17th – 18th 2018 residential block on Egerton Court, Barrow- October 2018 In-Furness. • Guide Price: £17,500+ • One bedroom first floor flat • One bedroom first floor flat • Currently tenanted at £312 pcm Barrow in Furness is a town located in the • Tenanted: income of £3,744 per annum (£3,744 per annum) county of Cumbria, close to the Lake District National Park and bordered by This property comprises a one-bedroom Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James • Gross yield of 21.39% Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself Morecombe Bay. Lancaster is apartment on the first floor of this residential and for the vendors or lessors of this property, whose agent they are, give notice that: • Kitchen and bathroom approximately 50 miles to the south. block and benefits from one double 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given • Popular residential location Barrow in Furness is accessed from the bedroom, a separate kitchen, living room and should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any • Excellent transport links south via the M6 motorway and in turn the bathroom. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or A590. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye • Parking available Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential Externally, the property has on street parking land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings Lancashire is located in north west immediately outside. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or England. It is located approximately 30 their employees has any authority to make or give representation or warranty whatsoever in relation to the property. miles north west of Manchester and 30 EPC Rating: D miles north east of Liverpool, with good Solicitors access via the A59. TBC
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 521 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 53 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS 5e, Egerton Court [email protected] 17th – 18th October 2018 LOT 20 Barrow-In-Furness 0115 970 6060 LOT 20 Lancashire, LA14 2TT
Accommodation Please note we have not inspected this BARROW IN FURNESS, LANCASHIRE property. Services We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.
Investment Analysis This property is currently tenanted at £295 pcm (£3,540 per annum), reflecting a gross yield of 20.23%, based on the guide price.
Guide Price £17,500+
Buyer’s Premium £3,000 inc. VAT.
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion
Second Floor One Bedroom Flat - Currently Tenanted High Yielding Investment Opportunity Guide Price* Good Rental Location £17,500+
FEATURES Location Description
• Auction Date: 17th – 18th October This property is located within this • For Sale By Online Auction: 17th – 18th 2018 residential block on Egerton Court, Barrow- October 2018 In-Furness. • Guide Price: £17,500+ • One bedroom second floor flat • One bedroom second floor flat • Currently tenanted at £295 pcm Barrow in Furness is a town located in the • Tenanted: Income of £295 pcm (£3,540 per (£3,540 per annum) county of Cumbria, close to the Lake annum) Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James • Gross yield of 20.23% District National Park and bordered by Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself Morecombe Bay. Lancaster is This property comprises a one-bedroom and for the vendors or lessors of this property, whose agent they are, give notice that: • Kitchen and bathroom 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance approximately 50 miles to the south. apartment on the second floor of this of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given • Popular residential location Barrow in Furness is accessed from the residential block and benefits from one should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any south via the M6 motorway and in turn the double bedroom, a separate kitchen, living purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or • Excellent transport links suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye A590. room and bathroom. Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential • Parking available land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are Lancashire is located in north west Externally, the property has on street parking quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or England. It is located approximately 30 immediately outside. their employees has any authority to make or give representation or warranty whatsoever in relation to the property. miles north west of Manchester and 30 EPC Rating: C miles north east of Liverpool, with good Solicitors access via the A59. TBC
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 541 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 55 ADDRESS ONLINE AUCTION DATES VIEWING DETAILS [email protected] 16B, Egerton Court 17th – 18th October 2018 LOT 21 Barrow-In-Furness 0115 970 6060 LOT 21 Lancashire, LA14 2TX
Accommodation Please note we have not inspected this BARROW-IN-FURNESS, LANCASHIRE property. Services We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.
Investment Analysis This property is currently vacant; however, two bedroom flats in the immediate area, have been let for £325 per calendar month (£3,900 per annum). A rental income of £325 pcm represents a potential gross yield of 26%, based on the guide price.
Guide Price £15,000+
Buyer’s Premium £3,000 inc. VAT.
Sell Your Property If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee • £0 Entry Fee • £0 Marketing Costs • 20 Working Day Completion • Monthly auctions Two Bedroom Ground Floor Flat - Vacant Guide Price* Potential to Achieve Good Rental Returns £15,000+ Popular Rental Location
FEATURES Location Description
• Auction Date: 17th – 18th October This property is located within this • For Sale By Online Auction: 17th – 18th 2018 residential block on Egerton Court, Barrow- October 2018 In-Furness. • Guide Price: £15,000+ • Two-bedroom ground floor flat • Vacant two-bedroom ground floor flat • Currently vacant Barrow in Furness is a town located in the • Good rental income potential • Popular rental location county of Cumbria, close to the Lake • Popular rental location District National Park and bordered by Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James • Excellent transport links Morecombe Bay. Lancaster is This property comprises a two-bedroom flat Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that: • Parking available approximately 50 miles to the south. on the ground floor of this residential block 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance Barrow in Furness is accessed from the and benefits from two double bedrooms, a of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any south via the M6 motorway and in turn the separate kitchen, living room and bathroom. purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or A590. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Externally, the property has on street Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings Lancashire is located in north west parking immediately outside. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are England. It is located approximately 30 quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or miles north west of Manchester and 30 their employees has any authority to make or give representation or warranty whatsoever in relation to the property. miles north east of Liverpool, with good Solicitors access via the A59. TBC
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price 561 Property Auction October 2018 - Catalogue Property Auction October 2018 - Catalogue 2 57 TERMS & COMMON AUCTION Reproduced with CONDITIONS Auctions CONDITIONS the consent of the RICS
COMMON AUCTION Glossary Auctioneers CONDITIONS This glossary applies to the auction conduct The auctioneers at the auction. conditions and the sale conditions. Introduction Wherever it makes sense: Business day The Common Auction Conditions have been • singular words can be read as plurals, and Any day except (a) a Saturday or a Sunday; produced for real estate auctions in England plurals as singular words; (b) a bank holiday in England and Wales; or and Wales to set a common standard across • a “person” includes a corporate body; words (c) Good Friday or Christmas Day. the industry. They are in three sections: of one gender include the other genders; references to legislation are to that legislation Buyer Glossary as it may have been modified or re-enacted by the date of the auction or the contract The person who agrees to buy the lot or, if The glossary gives special meanings to certain date (as applicable); and applicable, that person’s personal words used in both sets of conditions. representatives: if two or more are jointly the • where the following words printed in bold buyer their obligations can be enforced against black type appear in bold blue type they have them jointly or against each of them Auction Conduct Conditions the specified meanings. The Auction Conduct Conditions govern the separately. relationship between the auctioneer and Online Property Actual completion date anyone who has a catalogue, or who attends or Catalogue The date when completion takes place or is bids at the auction. They cannot be changed The catalogue to which the conditions refer treated as taking place for the purposes of without the auctioneer’s agreement. including any supplement to it. apportionment and calculating interest. Auction Terms & We recommend that these conditions are set out in a two-part notice to bidders in the Completion auction catalogue, part one containing Addendum An amendment or addition to advisory material – which auctioneers can the conditions or to the particulars or to both Unless otherwise agreed between seller and Conditions tailor to their needs – and part two the auction whether contained in a supplement to the buyer (or their conveyancers) the occasion conduct conditions. catalogue, a written notice from the when both seller and buyer have complied with auctioneers or an oral announcement at the their obligations under the contract and the auction. balance of the price is unconditionally Sale Conditions received in the seller’s conveyancer’s client The Sale Conditions govern the agreement account. - Common Auction Conditions between each seller and buyer. They include Agreed completion date general conditions of sale and template forms Subject to condition G9.3: Condition of special conditions of sale, tenancy and (a) the date specified in the special conditions; arrears schedules and a sale memorandum. or One of the auction conduct conditions or sales conditions. - Amendments to (b) if no date is specified, 20 business days after the contract date; but if that date is Common Auction Conditions Important Notice not a business day the first subsequent Contract business day. The contract by which the seller agrees to sell A prudent buyer will, before bidding for a lot at and the buyer agrees to buy the lot. an auction: Approved financial institution • Take professional advice from a conveyancer Contract date - Extra Auction Conduct Conditions and, in appropriate cases, a chartered Any bank or building society that has signed surveyor and an accountant; up to the Banking Code or Business Banking The date of the auction or, if the lot is not sold Code or is otherwise acceptable to the at the auction: • Read the conditions; auctioneers. (a) the date of the sale memorandum signed • Inspect the lot; by both the seller and buyer; or • Carry out usual searches and make usual Arrears (b) if contracts are exchanged, the date of enquiries; Arrears of rent and other sums due under the exchange. If exchange is not effected in • Check the content of all available leases and person or by an irrevocable agreement to other documents relating to the lot; tenancies and still outstanding on the actual completion date. exchange made by telephone, fax or • Check that what is said about the lot in the electronic mail the date of exchange is the catalogue is accurate; date on which both parts have been signed • Have finance available for the deposit and Arrears schedule and posted or otherwise placed beyond purchase price; The arrears schedule (if any) forming part of normal retrieval. • Check whether VAT registration and election the special conditions. is advisable; Documents Auction Documents of title (including, if title is The conditions assume that the The auction advertised in the catalogue. registered, the entries on the register and the buyer has acted like a prudent buyer. title plan) and other documents listed or If you choose to buy a lot without Auction conduct conditions referred to in the special conditions relating to taking these normal precautions you The conditions so headed, including any extra the lot. do so at your own risk. auction conduct conditions. Financial charge A charge to secure a loan or other financial indebtness (not including a rentcharge). COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS
General conditions Tenancies A2.3 We may cancel the auction, or alter the A5 The contract General conditions of sale G1.7 The lot does not include any tenant’s or That part of the sale conditions so headed, Tenancies, leases, licences to occupy and order in which lots are offered for sale. A5.1 A successful bid is one we accept as such trade fixtures or fittings. including any extra general conditions. agreements for lease and any documents We may also combine or divide lots. A (normally on the fall of the hammer). G1.8 Where chattels are included in the lot varying or supplemental to them. lot may be sold or withdrawn from sale This condition A5 applies to you if you Words in bold red type have special the buyer takes them as they are at prior to the auction. meanings, which are defined in the completion and the seller is not liable Interest rate make the successful bid for a lot. A2.4 You acknowledge that to the extent A5.2 You are obliged to buy the lot on the Glossary. if they are not fit for use. If not specified in the special conditions, Tenancy schedule permitted by law we owe you no duty of terms of the sale memorandum at the G1.9 The buyer buys with full knowledge of: 4% above the base rate from time to time of The tenancy schedule (if any) forming part of care and you have no claim against us for price you bid plus VAT (if applicable). The general conditions (including any extra (a) the documents, whether or not the Barclays Bank plc. (The interest rate will also the special conditions. any loss. apply to judgment debts, if applicable.) A5.3 You must before leaving the auction general conditions) apply to the contract buyer has read them; and : except to the extent that they are varied by (b) the physical condition of the lot and Transfer (a) provide all information we reasonably A3 Bidding and reserve prices need from you to enable us to complete special conditions or by an addendum. what could reasonably be discovered on Lot Transfer includes a conveyance or assignment A3.1 All bids are to be made in pounds the sale memorandum (including proof inspection of it, whether or not the buyer Each separate property described in the (and “to transfer” includes “to convey” or “to sterling exclusive of any applicable VAT. of your identity if required by us); G1. The lot has inspected it. catalogue or (as the case may be) the property assign”). A3.2 We may refuse to accept a bid. We do (b) sign the completed sale that the seller has agreed to sell and the buyer G1.1 The lot (including any rights to be not have to explain why. memorandum; and G1.10 The buyer is not to rely on the to buy (including chattels, if any). granted or reserved, and any exclusions TUPE A3.3 If there is a dispute over bidding we are (c) pay the deposit. from it) is described in the special information contained in the particulars The Transfer of Undertakings (Protection of entitled to resolve it, and our decision is A5.4 If you do not we may either: conditions, or if not so described the lot but may rely on the seller’s Old arrears Employment) Regulations 2006. final. conveyancer’s written replies to (a) as agent for the seller treat that failure is that referred to in the sale Arrears due under any of the tenancies that preliminary enquiries to the extent A3.4 Unless stated otherwise each lot is as your repudiation of the contract and memorandum. are not “new tenancies” as defined by the stated in those replies. VAT subject to a reserve price (which may be offer the lot for sale again: the seller may G1.2 The lot is sold subject to any tenancies Landlord and Tenant (Covenants) Value Added Tax or other tax of a similar fixed just before the lot is offered for then have a claim against you for breach disclosed by the special conditions, but Act 1995. nature. sale). If no bid equals or exceeds that of contract; or otherwise with vacant possession on G2. Deposit reserve price the lot will be withdrawn (b) sign the sale memorandum on your completion. G2.1 The amount of the deposit is the greater from the auction. Particulars behalf. G1.3 The lot is sold subject to all matters of: VAT option A3.5 Where there is a reserve price the seller The section of the catalogue that contains A5.5 The deposit: contained or referred to in the (a) any minimum deposit stated in the An option to tax. may bid (or ask us or another agent to documents, but excluding any financial descriptions of each lot (as varied by any (a) is to be held as stakeholder where auction conduct conditions (or the total bid on the seller’s behalf) up to the charges: these the seller must discharge addendum). VAT would be chargeable on the deposit price, if this is less than that minimum); reserve price but may not make a bid on or before completion. We (and us and our) were it to be held as agent for the seller, and The auctioneers. equal to or exceeding the reserve price. Practitioner but otherwise is to be held as stated in G1.4 The lot is also sold subject to such of the (b) 10% of the price (exclusive of any You accept that it is possible that all bids following as may affect it, whether they the sale conditions and VAT on the price). An insolvency practitioner for the purposes of up to the reserve price are bids made by ; arise before or after the contract date the Insolvency Act 1986 (or, in relation to You (and your) or on behalf of the seller. (b) must be paid in pounds sterling by G2.2 The deposit Someone who has a copy of the catalogue or and whether or not they are disclosed by jurisdictions outside the United Kingdom, any A3.6 Where a guide price (or range of prices) cheque or by bankers’ draft made (a) must be paid in pounds sterling by who attends or bids at the auction, whether or the seller or are apparent from inspection similar official). is given that guide is the minimum price payable to us on an approved financial cheque or banker’s draft drawn on an not a buyer. of the lot or from the documents: at which, or range of prices within which, institution. The extra auction conduct approved financial institution (or by any conditions may state if we accept any (a) matters registered or capable of other means of payment that the Price the seller might be prepared to sell at the registration as local land charges; date of the guide price. But guide prices other form of payment. auctioneers may accept); and The price that the buyer agrees to pay for the Auction conduct conditions (b) matters registered or capable of may change. The last published guide A5.6 We may retain the sale memorandum (b) is to be held as stakeholder unless the lot. A1 Introduction registration by any competent authority price will normally be at or above any signed by or on behalf of the seller until auction conduct conditions provide that or under the provisions of any statute; A1.1 Words in bold red type have special reserve price, but not always – as the the deposit has been received in cleared it is to be held as agent for the seller. Ready to complete meanings, which are defined in the seller may fix the final reserve price just funds. (c) notices, orders, demands, proposals G2.3 Where the auctioneers hold the deposit Ready, willing and able to complete: if Glossary. before bidding commences. A5.7 If the buyer does not comply with its and requirements of any competent as stakeholder they are authorised to completion would enable the seller to A1.2 The catalogue is issued only on the basis obligations under the contract then: authority; release it (and interest on it if applicable) discharge all financial charges secured on the that you accept these auction conduct (d) charges, notices, orders, restrictions, to the seller on completion or, if A4 The particulars and other (a) you are personally liable to buy the lot that have to be discharged by completion, conditions. They govern our relationship agreements and other matters relating to completion does not take place, to the information lot even if you are acting as an agent; then those outstanding financial charges do with you and cannot be disapplied or and town and country planning, highways or person entitled to it under the sale varied by the sale conditions (even by a A4.1 We have taken reasonable care to public health; not prevent the seller from being ready to (b) you must indemnify the seller in conditions. condition purporting to replace the prepare particulars that correctly complete. respect of any loss the seller incurs as a (e) rights, easements, quasi-easements, G2.4 If a cheque for all or part of the deposit whole of the Common Auction describe each lot. The particulars are result of the buyer’s default. and wayleaves; is not cleared on first presentation the based on information supplied by or on Sale conditions Conditions). They can be varied only if (f) outgoings and other liabilities; seller may treat the contract as at an end we agree. behalf of the seller. You need to check and bring a claim against the buyer for The general conditions as varied by any A5.8 Where the buyer is a company you (g) any interest which overrides, within that the information in the particulars is breach of contract. special conditions or addendum. warrant that the buyer is properly the meaning of the Land Registration A2 Our role correct. Act 2002; G2.5 Interest earned on the deposit belongs to A4.2 If the special conditions do not contain a constituted and able to buy the lot. A2.1 As agents for each seller we have (h) matters that ought to be disclosed by the seller unless the sale conditions Sale memorandum description of the lot, or simply refer to authority to: the searches and enquiries a prudent provide otherwise. The form so headed (whether or not set out in the relevant lot number, you take the risk A6 Extra Auction Conduct (a) prepare the catalogue from buyer would make, whether or not the the catalogue) in which the terms of the that the description contained in the Conditions buyer has made them; and information supplied by or on behalf of particulars is incomplete or inaccurate, G3. Between contract and completion contract for the sale of the lot are recorded. A6.1 Despite any special condition to the (i) anything the seller does not and could each seller; as the particulars have not been G3.1 Unless the special conditions state contrary the minimum deposit we accept not reasonably know about. (b) offer each lot for sale; prepared by a conveyancer and are not otherwise, the seller is to insure the lot Seller is £250 (or the total price, if less). A (c) sell each lot; intended to form part of a legal contract. G1.5 Where anything subject to which the lot from and including the contract date to The person selling the lot. If two or more are special condition may, however, require is sold would expose the seller to liability (d) receive and hold deposits; A4.3 The particulars and the sale conditions completion and: jointly the seller their obligations can be a higher minimum deposit. the buyer is to comply with it and (e) sign each sale memorandum; and may change prior to the auction and it is (a) produce to the buyer on request all enforced against them jointly or against each indemnify the seller against that liability. (f) treat a contract as repudiated if the your responsibility to check that you relevant insurance details; of them separately. G1.6 The seller must notify the buyer of any buyer fails to sign a sale memorandum or have the correct versions. (b) pay the premiums when due; notices, orders, demands, proposals and pay a deposit as required by these A4.4 If we provide information, or a copy of a (c) if the buyer so requests, and pays any requirements of any competent authority Special conditions auction conduct conditions. document, provided by others we do so additional premium, use reasonable of which it learns after the contract date Those of the sale conditions so headed that A2.2 Our decision on the conduct of the only on the basis that we are not endeavours to increase the sum insured but the buyer must comply with them relate to the lot. auction is final. responsible for the accuracy of that or make other changes to the policy; and keep the seller indemnified. information or document. (d) at the request of the buyer use COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS
reasonable endeavours to have the duty land tax relating to that application indemnify the seller against that liability. G8. If the contract is brought (a) the buyer is liable to pay interest; G11.8 While any arrears due to the seller buyer’s interest noted on the policy if it has been paid; and G5.3 The seller cannot be required to transfer to an end and remain unpaid the buyer must: does not cover a contracting purchaser; (iv) a letter under which the seller or its the lot to anyone other than the buyer, or If the contract is lawfully brought to an (b) the seller has given notice to the (a) try to collect them in the ordinary (e) unless otherwise agreed, cancel the conveyancer agrees to use all reasonable by more than one transfer. end: buyer at any time up to completion course of management but need not insurance at completion, apply for a endeavours to answer any requisitions (a) the buyer must return all papers to the requiring apportionment on the date take legal proceedings or forfeit the refund of premium and (subject to the raised by the land registry and to instruct G6. Completion seller and appoints the seller its agent to from which interest becomes payable tenancy; rights of any tenant or other third party) the land registry to send the completed by the buyer; in which event income (b) pay them to the seller within five G6.1 Completion is to take place at the offices cancel any registration of the contract; pay that refund to the buyer; and registration documents to the buyer. and outgoings are to be apportioned on business days of receipt in cleared of the seller’s conveyancer, or where the and (f) (subject to the rights of any tenant or (e) The buyer has no right to object to or the date from which interest becomes funds (plus interest at the interest rate seller may reasonably require, on the (b) the seller must return the deposit and other third party) hold on trust for the make requisitions on any title payable by the buyer. calculated on a daily basis for each agreed completion date. The seller can any interest on it to the buyer (and the buyer any insurance payments that the information more than seven business G10.4 Apportionments are to be calculated on subsequent day’s delay in payment); only be required to complete on a buyer may claim it from the stakeholder, seller receives in respect of loss or days after that information has been the basis that: business day and between the hours of if applicable) unless the seller is entitled (c) on request, at the cost of the seller, damage arising after the contract date or given to the buyer. 0930 and 1700. to forfeit the deposit under condition (a) the seller receives income and is assign to the seller or as the seller may assign to the buyer the benefit of any G4.3 Unless otherwise stated in the special liable for outgoings for the whole of the direct the right to demand and sue for G6.2 The amount payable on completion is G7.3. claim; and the buyer must on completion conditions the seller sells with full title day on which apportionment is to be old arrears, such assignment to be in the balance of the price adjusted to take reimburse to the seller the cost of that guarantee except that (and the transfer made; such form as the seller’s conveyancer account of apportionments plus (if insurance (to the extent not already paid shall so provide): G9. Landlord’s licence may reasonably require; applicable) VAT and interest. (b) annual income and expenditure by the buyer or a tenant or other third (a) the covenant set out in section 3 of G9.1 Where the lot is or includes leasehold accrues at an equal daily rate assuming (d) if reasonably required, allow the G6.3 Payment is to be made in pounds sterling party) for the period from and including the Law of Property (Miscellaneous land and licence to assign is required this 365 days in a year, and income and seller’s conveyancer to have on loan and only by: the contract date to completion. Provisions) Act 1994 shall not extend to condition G9 applies. expenditure relating to some other the counterpart of any tenancy against (a) direct transfer to the seller’s G3.2 No damage to or destruction of the lot matters recorded in registers open to G9.2 The contract is conditional on that period accrues at an equal daily rate an undertaking to hold it to the buyer’s conveyancer’s client account; and nor any deterioration in its condition, public inspection; these are to be treated licence being obtained, by way of formal during the period to which it relates; order; (b) the release of any deposit held by a however caused, entitles the buyer to as within the actual knowledge of the licence if that is what the landlord and (e) not without the consent of the seller stakeholder. any reduction in price, or to delay buyer; and lawfully requires. (c) where the amount to be release any tenant or surety from completion, or to refuse to complete. (b) the covenant set out in section 4 of G6.4 Unless the seller and the buyer otherwise G9.3 The agreed completion date is not to be apportioned is not known at liability to pay arrears or accept a G3.3 Section 47 of the Law of Property Act the Law of Property (Miscellaneous agree, completion cannot take place until earlier than the date five business days completion apportionment is to be surrender of or forfeit any tenancy 1925 does not apply. Provisions) Act 1994 shall not extend to both have complied with their after the seller has given notice to the made by reference to a reasonable under which arrears are due; and obligations under the contract and the G3.4 Unless the buyer is already lawfully in any condition or tenant’s obligation buyer that licence has been obtained. estimate and further payment is to be (f) if the buyer disposes of the lot prior balance of the price is unconditionally occupation of the lot the buyer has no relating to the state or condition of the G9.4 The seller must: (a) use all reasonable made by seller or buyer as appropriate to recovery of all arrears obtain from received in the seller’s conveyancer’s right to enter into occupation prior to lot where the lot is leasehold property. endeavours to obtain the licence at the within five business days of the date the buyer’s successor in title a covenant client account. completion. seller’s expense; and (b) enter into any when the amount is known. in favour of the seller in similar form to G6.5 If completion takes place after 1400 G4.4 The transfer is to have effect as if authorised guarantee agreement properly part 3 of this condition G11. hours for a reason other than the seller’s G4. Title and identity expressly subject to all matters subject to required. G11. Arrears G11.9 Where the seller has the right to default it is to be treated, for the which the lot is sold under the contract. G9.5 The buyer must: recover arrears it must not without the G4.1 Unless condition G4.2 applies, the buyer purposes of apportionment and Part 1 Current rent G4.5 The seller does not have to produce, nor (a) promptly provide references and other buyer’s written consent bring accepts the title of the seller to the lot as calculating interest, as if it had taken G11.1 “Current rent” means, in respect of at the contract date and may raise no may the buyer object to or make a relevant information; and insolvency proceedings against a place on the next business day each of the tenancies subject to which requisition or objection except in relation requisition in relation to, any prior or . (b) comply with the landlord’s lawful tenant or seek the removal of goods G6.6 Where applicable the contract remains in the lot is sold, the instalment of rent to any matter that occurs after the superior title even if it is referred to in requirements. from the lot. force following completion. and other sums payable by the tenant contract date. the documents. G9.6 If within three months of the contract in advance on the most recent rent G4.2 If any of the documents is not made G4.6 The seller (and, if relevant, the buyer) date (or such longer period as the seller payment date on or within four months G12. Management available before the auction the following must produce to each other such G7. Notice to complete and buyer agree) the licence has not been preceding completion. G12.1 This condition G12 applies where the obtained the seller or the buyer may (if provisions apply: confirmation of, or evidence of, their G7.1 The seller or the buyer may on or after G11.2 If on completion there are any arrears lot is sold subject to tenancies. identity and that of their mortgagees and not then in breach of any obligation (a) The buyer may raise no requisition on the agreed completion date but before of current rent the buyer must pay G12.2 The seller is to manage the lot in attorneys (if any) as is necessary for the under this condition G9) by notice to the or objection to any of the documents completion give the other notice to them, whether or not details of those accordance with its standard other to be able to comply with other terminate the contract at any time that is made available before the auction. complete within ten business days arrears are given in the special management policies pending applicable Land Registry Rules when before licence is obtained. That (b) If the lot is registered land the seller (excluding the date on which the notice conditions. completion. making application for registration of the is given) making time of the essence. termination is without prejudice to the is to give to the buyer within five G11.3 Parts 2 and 3 of this condition G11 do G12.3 The seller must consult the buyer on all transaction to which the conditions claims of either seller or buyer for breach business days of the contract date an G7.2 The person giving the notice must be not apply to arrears of current rent. management issues that would affect apply. of this condition G9. official copy of the entries on the register ready to complete. the buyer after completion (such as, but and title plan and, where noted on the G7.3 If the buyer fails to comply with a notice Part 2 Buyer to pay for arrears not limited to, an application for register, of all documents subject to G5. Transfer to complete the seller may, without G10. Interest and apportionments licence; a rent review; a variation, which the lot is being sold. G5.1 Unless a form of transfer is prescribed by affecting any other remedy the seller has: G10.1 If the actual completion date is after the G11.4 Part 2 of this condition G11 applies surrender, agreement to surrender or (c) If the lot is not registered land the the special conditions: (a) terminate the contract; agreed completion date for any reason where the special conditions give proposed forfeiture of a tenancy; or a details of arrears. seller is to give to the buyer within five (a) the buyer must supply a draft transfer (b) claim the deposit and any interest on other than the seller’s default the buyer new tenancy or agreement to grant a business days an abstract or epitome of to the seller at least ten business days it if held by a stakeholder; must pay interest at the interest rate on G11.5 The buyer is on completion to pay, in new tenancy) and: addition to any other money then due, title starting from the root of title before the agreed completion date and (c) forfeit the deposit and any interest on the price (less any deposit paid) from (a) the seller must comply with the an amount equal to all arrears of which mentioned in the special conditions (or, the engrossment (signed as a deed by the it; the agreed completion date up to and buyer’s reasonable requirements unless if none is mentioned, a good root of title including the actual completion date. details are set out in the special buyer if condition G5.2 applies) five (d) resell the lot; and to do so would (but for the indemnity in more than fifteen years old) and must business days before that date or (if G10.2 Subject to condition G11 the seller is conditions. paragraph (c)) expose the seller to a (e) claim damages from the buyer. produce to the buyer the original or an later) two business days after the draft not obliged to apportion or account for G11.6 If those arrears are not old arrears the liability that the seller would not examined copy of every relevant has been approved by the seller; and any sum at completion unless the seller seller is to assign to the buyer all rights otherwise have, in which case the seller G7.4 If the seller fails to comply with a notice document. (b) the seller must approve or revise the has received that sum in cleared funds. that the seller has to recover those may act reasonably in such a way as to to complete the buyer may, without (d) If title is in the course of registration, draft transfer within five business days of The seller must pay to the buyer after arrears. avoid that liability; affecting any other remedy the buyer title is to consist of certified copies of: receiving it from the buyer. completion any sum to which the buyer (b) if the seller gives the buyer notice has: (i) the application for registration of title is entitled that the seller subsequently Part 3 Buyer not to pay for arrears of the seller’s intended act and the (a) terminate the contract; and receives in cleared funds. made to the land registry; G5.2 If the seller remains liable in any respect G11.7 Part 3 of this condition G11 applies buyer does not object within five (b) recover the deposit and any interest (ii) the documents accompanying that in relation to the lot (or a tenancy) G10.3 Income and outgoings are to be where the special conditions: business days giving reasons for the on it from the seller or, if applicable, a apportioned at actual completion date application; following completion the buyer is (a) so state; or objection the seller may act as the stakeholder. unless: seller intends; and (iii) evidence that all applicable stamp specifically to covenant in the transfer to (b) give no details of any arrears. COMMON AUCTION Reproduced with COMMON AUCTION Reproduced with CONDITIONS the consent of the RICS CONDITIONS the consent of the RICS
(c) the buyer is to indemnify the seller (b) it has made, or will make before special conditions to HM Revenue and G20. TUPE is not attributable to any tenancy G23.4 The seller must promptly: against all loss or liability the seller completion, a VAT option in relation to Customs for the purposes of their G20.1 If the special conditions state “There and is for that reason irrecoverable. (a) give to the buyer full details of all incurs through acting as the buyer the lot and will not revoke it before or respective capital allowance are no employees to which TUPE G22.4 In respect of each tenancy, if the rent review negotiations and requires, or by reason of delay caused within three months after completion; computations. applies”, this is a warranty by the seller service charge account shows that: proceedings, including copies of all by the buyer. (c) article 5(2B) of the Value Added to this effect. (a) payments on account (whether correspondence and other papers; and Tax (Special Provisions) Order 1995 G17. Maintenance agreements G20.2 If the special conditions do not state received or still then due from a tenant) (b) use all reasonable endeavours to does not apply to it; and G13. Rent deposits G17.1 The seller agrees to use reasonable “There are no employees to which exceed attributable service charge substitute the buyer for the seller in any G13.1 This condition G13 applies where the (d) it is not buying the lot as a nominee endeavours to transfer to the buyer, at TUPE applies” the following expenditure, the seller must pay to the rent review proceedings. seller is holding or otherwise entitled to for another person. the buyer’s cost, the benefit of the paragraphs apply: buyer an amount equal to the excess G23.5 The seller and the buyer are to keep money by way of rent deposit in G15.4 The buyer is to give to the seller as maintenance agreements specified in (a) The seller must notify the buyer of when it provides the service charge each other informed of the progress of respect of a tenancy. In this condition early as possible before the agreed the special conditions. those employees whose contracts of account; the rent review and have regard to any G13 “rent deposit deed” means the completion date evidence: G17.2 The buyer must assume, and indemnify employment will transfer to the buyer (b) attributable service charge proposals the other makes in relation to deed or other document under which (a) of the buyer’s VAT registration; the seller in respect of, all liability on completion (the “Transferring expenditure exceeds payments on it. the rent deposit is held. (b) that the buyer has made a VAT under such contracts from the actual Employees”). This notification must be account (whether those payments have G23.6 When the rent review has been agreed G13.2 If the rent deposit is not assignable the option; and completion date. given to the buyer not less than 14 days been received or are still then due), the or determined the buyer must account buyer must use all reasonable seller must on completion hold the rent (c) that the VAT option has been before completion. to the seller for any increased rent and endeavours to recover the shortfall from interest recovered from the tenant that deposit on trust for the buyer and, notified in writing to HM Revenue and G18. Landlord and Tenant Act 1987 (b) The buyer confirms that it will subject to the terms of the rent deposit comply with its obligations under the tenant at the next service charge relates to the seller’s period of Customs; G18.1 This condition G18 applies where the deed, comply at the cost of the buyer TUPE and any special conditions in reconciliation date and pay the amount ownership within five business days of and if it does not produce the relevant sale is a relevant disposal for the with the buyer’s lawful instructions. respect of the Transferring Employees. so recovered to the seller within five receipt of cleared funds. evidence at least two business days purposes of part I of the Landlord and business days of receipt in cleared G13.3 Otherwise the seller must on (c) The buyer and the seller G23.7 If a rent review is agreed or before the agreed completion date, Tenant Act 1987. funds; but in respect of payments on completion pay and assign its interest in acknowledge that pursuant and subject determined before completion but the condition G14.1 applies at completion. G18.2 The seller warrants that the seller has account that are still due from a tenant the rent deposit to the buyer under an to TUPE, the contracts of employment increased rent and any interest G15.5 The buyer confirms that after complied with sections 5B and 7 of condition G11 (arrears) applies. assignment in which the buyer between the Transferring Employees recoverable from the tenant has not completion the buyer intends to: that Act and that the requisite majority covenants with the seller to: and the seller will transfer to the buyer G22.5 In respect of service charge been received by completion the (a) retain and manage the lot for the of qualifying tenants has not accepted expenditure that is not attributable to (a) observe and perform the seller’s on completion. increased rent and any interest buyer’s own benefit as a continuing the offer. any tenancy the seller must pay the covenants and conditions in the rent (d) The buyer is to keep the seller recoverable is to be treated as arrears. business as a going concern subject to expenditure incurred in respect of the deposit deed and indemnify the seller in indemnified against all liability for the G23.8 The seller and the buyer are to bear and with the benefit of the tenancies; period before actual completion date respect of any breach; G19. Sale by practitioner Transferring Employees after their own costs in relation to rent and and the buyer must pay the expenditure G19.1 This condition G19 applies where the completion. review negotiations and proceedings. (b) give notice of assignment to the (b) collect the rents payable under the sale is by a practitioner either as seller incurred in respect of the period after tenant; and tenancies and charge VAT on them or as agent of the seller. actual completion date. Any necessary (c) give such direct covenant to the G15.6 If, after completion, it is found that the G21. Environmental monetary adjustment is to be made G24. Tenancy renewals G19.2 The practitioner has been duly tenant as may be required by the rent sale of the lot is not a transfer of a G21.1 This condition G21 only applies where within five business days of the seller G24.1 This condition G24 applies where the appointed and is empowered to sell the deposit deed. going concern then: the special conditions so provide. providing the service charge account to tenant under a tenancy has the right to lot. (a) the seller’s conveyancer is to notify G21.2 The seller has made available such the buyer. remain in occupation under part II of G19.3 Neither the practitioner nor the firm or G14. VAT the buyer’s conveyancer of that finding reports as the seller has as to the G22.6 If the seller holds any reserve or sinking the Landlord and Tenant Act 1954 (as any member of the firm to which the G14.1 Where a sale condition requires money and provide a VAT invoice in respect of environmental condition of the lot and fund on account of future service amended) and references to notices and practitioner belongs has any personal to be paid or other consideration to be the sale of the lot; has given the buyer the opportunity to charge expenditure or a depreciation proceedings are to notices and liability in connection with the sale or given, the payer must also pay any VAT carry out investigations (whether or not fund: proceedings under that Act. (b) the buyer must within five business the performance of the seller’s that is chargeable on that money or the buyer has read those reports or G24.2 Where practicable, without exposing the days of receipt of the VAT invoice pay obligations. The transfer is to include a (a) the seller must pay it (including any consideration, but only if given a valid carried out any investigation) and the seller to liability or penalty, the seller to the seller the VAT due; and declaration excluding that personal interest earned on it) to the buyer on VAT invoice. buyer admits that the price takes into must not without the written consent of (c) if VAT is payable because the buyer liability. completion; and G14.2 Where the special conditions state that account the environmental condition of the buyer (which the buyer must not has not complied with this condition G19.4 The lot is sold: (b) the buyer must covenant with the no VAT option has been made the seller G15, the buyer must pay and indemnify the lot. seller to hold it in accordance with the unreasonably withhold or delay) serve (a) in its condition at completion; confirms that none has been made by it the seller against all costs, interest, G21.3 The buyer agrees to indemnify the terms of the tenancies and to indemnify or respond to any notice or begin or or by any company in the same VAT penalties or surcharges that the seller (b) for such title as the seller may have; seller in respect of all liability for or the seller if it does not do so. continue any proceedings. group nor will be prior to completion. incurs as a result. and resulting from the environmental G24.3 If the seller receives a notice the seller (c) with no title guarantee; and the condition of the lot. must send a copy to the buyer within G23. Rent reviews buyer has no right to terminate the five business days and act as the buyer G16. Capital allowances G15. Transfer as a going concern contract or any other remedy if G23.1 This condition G23 applies where the reasonably directs in relation to it. G22. Service Charge lot is sold subject to a tenancy under G15.1 Where the special conditions so state: G16.1 This condition G16 applies where the information provided about the lot is G24.4 Following completion the buyer must: special conditions state that there are G22.1 This condition G22 applies where the which a rent review due on or before (a) the seller and the buyer intend, and inaccurate, incomplete or missing. (a) with the co-operation of the seller capital allowances available in respect lot is sold subject to tenancies that the actual completion date has not been will take all practicable steps (short of G19.5 Where relevant: take immediate steps to substitute itself of the lot. include service charge provisions. agreed or determined. an appeal) to procure, that the sale is (a) the documents must include as a party to any proceedings; treated as a transfer of a going concern; G16.2 The seller is promptly to supply to the G22.2 No apportionment is to be made at G23.2 The seller may continue negotiations or certified copies of those under which (b) use all reasonable endeavours to and buyer all information reasonably completion in respect of service rent review proceedings up to the the practitioner is appointed, the conclude any proceedings or required by the buyer in connection charges. actual completion date but may not (b) this condition G15 applies. document of appointment and the negotiations for the renewal of the with the buyer’s claim for capital G22.3 Within two months after completion agree the level of the revised rent or G15.2 The seller confirms that the seller practitioner’s acceptance of tenancy and the determination of any allowances. the seller must provide to the buyer a commence rent review proceedings (a) is registered for VAT, either in the appointment; and interim rent as soon as reasonably detailed service charge account for the without the written consent of the seller’s name or as a member of the G16.3 The value to be attributed to those (b) the seller may require the transfer to practicable at the best rent or rents service charge year current on buyer, such consent not to be same VAT group; and items on which capital allowances may be by the lender exercising its power of reasonably obtainable; and be claimed is set out in the special completion showing: unreasonably withheld or delayed. (b) has (unless the sale is a standard- sale under the Law of Property Act (c) if any increased rent is recovered conditions. (a) service charge expenditure G23.3 Following completion the buyer must rated supply) made in relation to the lot 1925. from the tenant (whether as interim rent attributable to each tenancy; complete rent review negotiations or a VAT option that remains valid and will G16.4 The seller and buyer agree: G19.6 The buyer understands this condition or under the renewed tenancy) account (b) payments on account of service proceedings as soon as reasonably not be revoked before completion. (a) to make an election on completion G19 and agrees that it is fair in the to the seller for the part of that increase charge received from each tenant; practicable but may not agree the level under Section 198 of the Capital circumstances of a sale by a that relates to the seller’s period of G15.3 The buyer confirms that: of the revised rent without the written Allowances Act 2001 to give effect to practitioner. (c) any amounts due from a tenant that ownership of the lot within five business (a) it is registered for VAT, either in the consent of the seller, such consent not this condition G16; and have not been received; days of receipt of cleared funds. buyer’s name or as a member of a VAT to be unreasonably withheld or delayed. (d) any service charge expenditure that group; (b) to submit the value specified in the COMMON AUCTION Reproduced with AMENDMENTS TO COMMON CONDITIONS the consent of the RICS AUCTION CONDITIONS
G24.5 The seller and the buyer are to bear G28. Notices and other AMENDMENTS TO electronic mail the date of exchange is the The Auction Conduct Conditions their own costs in relation to the communications COMMON AUCTION date on which both parts have been signed shall be varied as follows: renewal of the tenancy and any G28.1 All communications, including notices, and posted or otherwise placed beyond proceedings relating to this. Condition A2.1(f) shall be deleted and replaced must be in writing. Communication to CONDITIONS normal retrieval. with: or by the seller or the buyer may be “(f) treat a contract as repudiated if the G25. Warranties given to or by their conveyancers. Where The Royal Institution of Chartered Sale Memorandum buyer fails to pay the buyer’s payment G25.1 Available warranties are listed in the G28.2 A communication may be relied on if: Surveyors Common Auction Conditions (third The form so headed (whether or not set out in and/or provide anti-money laundering special conditions. (a) delivered by hand; or edition) (“CAC”) are to be construed in the the catalogue) in which the terms of the information to us as required by these G25.2 Where a warranty is assignable the (b) made electronically and personally context of an online auction and bidding seller must: contract for the sale of the lot are recorded auction conduct conditions”. acknowledged (automatic system the CAC shall be varied as follows: (a) on completion assign it to the buyer acknowledgement does not count); or which will either be in email form (where the Condition A5.1 shall be deleted and replaced and give notice of assignment to the (c) there is proof that it was sent to the lot is won at the auction) or written (where the with: The following definitions in the CAC person who gave the warranty; and address of the person to whom it is to lot is not sold at the auction). “A5.1 A successful bid is one we accept as such (b) apply for (and the seller and the be given (as specified in the sale Glossary shall be deleted and (normally when the auction time has buyer must use all reasonable memorandum) by a postal service that replaced as follows: You (and your) elapsed with a winning bid). This endeavours to obtain) any consent to offers normally to deliver mail the next assign that is required. If consent has following business day. Someone who has a copy of the catalogue or condition A5 applies to you if you make not been obtained by completion the G28.3 A communication is to be treated as Addendum who views the URL of or who is a bidder at the successful bid for a lot.” warranty must be assigned within five received: An amendment or addition to the conditions the auction, whether or not a buyer. Condition A5.3 shall be deleted and replaced business days after the consent has (a) when delivered, if delivered by or to the particulars or to both whether with: been obtained. hand; or contained in a supplement to the catalogue or “A5.3 Within 24 hours of the end of the G25.3 If a warranty is not assignable the The following definitions shall be (b) when personally acknowledged, if a notice from the auctioneers on the auction, the successful bidder must: seller must after completion: added as new definitions in the made electronically; but if delivered or auctioneers website. (a) provide anti-money laundering (a) hold the warranty on trust for the made after 1700 hours on a business CAC Glossary: information to us; and buyer; and day a communication is to be treated Auction (b) provide all information we (b) at the buyer’s cost comply with such as received on the next business day. Anti-Money Laundering Information of the lawful instructions of the buyer G28.4 A communication sent by a postal The auction for each lot advertised in the reasonably need from you to enable us to Means the provision of 2 pieces of in relation to the warranty as do not service that offers normally to deliver catalogue which will take place online via the complete the sale memorandum; and place the seller in breach of its terms identification for anti-money laundering mail the next following business day internet, using the Uniform Resource Locator (c) pay the buyer’s payment in cleared or expose the seller to any liability or will be treated as received on the purposes – these must include 1 piece of (URL) of on an ongoing basis. funds from an account held with an penalty. second business day after it has been photo identification (a passport or driver’s approved financial institution, but we will posted. licence for example) and a utility bill including Auctioneers not accept the buyer’s payment and the G26. No assignment the buyer’s/seller’s (as appropriate) home The auctioneer will be John Pye & Sons Ltd buyer will not be able to pay the buyer’s The buyer must not assign, mortgage G29. Contracts (Rights of Third address which cannot be dated older than 3 T/A John Pye Property & John Pye Auctions. payment until the buyer has complied or otherwise transfer or part with the Parties) Act 1999 months. We reserve the right to undertake an whole or any part of the buyer’s with condition A5.3(a).” No one is intended to have any benefit electronic money laundering check that will interest under this contract. Condition A5.4(a) shall be deleted and under the contract pursuant to the Contract Buyer leave a soft record on file. replaced with: (Rights of Third Parties) Act 1999. Means the person who has made the highest “(a) If you do not we may, as agent for the G27. Registration at the Land valid bid once the auction has finished (taking Registry Buyer’s Payment seller, treat that failure as your into account the application of the 3-minute G27.1 This condition G27.1 applies where the 10% of the price (minimum £6,000) which will repudiation of the contract and offer the rule) or, if applicable, that person’s personal lot is leasehold and its sale either be comprised of the buyer’s premium and the lot for sale again: the seller mzay then representatives: if two or more are jointly the triggers first registration or is a deposit. have a claim against you for breach of buyer their obligations can be enforced against registrable disposition. The buyer must contract and you will be banned from all them jointly or against each of them Buyer’s Premium at its own expense and as soon as future auctions.” practicable: separately. Means 2% of the price (minimum £3,600) inc. (a) procure that it becomes registered VAT payable to the auctioneers. Condition A5.5(b) shall be deleted. at Land Registry as proprietor of the Catalogue (for transactions under £60,000 the Buyer's Condition A5.6 shall be deleted. lot; Condition A6 shall be deleted and replaced Unless otherwise stated this will take the form Premium will be £3,000 inc. VAT). (b) procure that all rights granted and with: reserved by the lease under which the of online sales particulars, text, hypertext links Deposit “A6 The Extra Auction Conduct Conditions lot is held are properly noted against and associated imagery present upon the shall be incorporated into the auction the affected titles; and website which shall be the catalogue to which Means the sum of the buyer’s payment less the conduct conditions as if set out in full in (c) provide the seller with an official the conditions refer including any supplement buyer’s premium. the auction conduct conditions.” copy of the register relating to such to it. lease showing itself registered as Extra Auction Conduct Conditions proprietor. The John Pye & Sons – Extra Auction Conduct The General Conditions of G27.2 This condition G27.2 applies where the Contract Date Conditions for the participation and purchase of Sale shall be varied as follows: lot comprises part of a registered title. The date that the auction has finished (taking property by online auction, available at Condition G2.1 shall be deleted. The buyer must at its own expense and into account the application of the 3-minute as soon as practicable: www.johnpye.co.uk/propertyterms.pdf Condition G2.2 shall be deleted and replaced rule) or, if the lot is not sold at the auction: (a) apply for registration of the transfer; and in the catalogue. with: (a) the date of the sale memorandum is signed (b) provide the seller with an official “The deposit is to be held as stakeholder by both the seller and buyer; or copy and title plan for the buyer’s new 3-Minute Rule unless the auction conduct conditions provide title; and (b) if contracts are exchanged, the date of Means the rule which stipulates that any person that it is to be held as agent for the seller” (c) join in any representations the seller exchange. If exchange is not effected in who bids online within the last 3 minutes of a Condition G2.4 shall be deleted. may properly make to Land Registry person or by an irrevocable agreement to specific lot closing time will instigate the relating to the application. exchange made by telephone, fax or automatic extension of the lot closing time by an additional 3 minutes and so on for any such subsequent bids until a winning bid is achieved. ONLINE PROPERTY AUCTION ONLINE PROPERTY AUCTION TERMS AND CONDITIONS TERMS AND CONDITIONS
JOHN PYE & SONS – EXTRA 1.6 All lots entered for online auction are JOHN PYE & SONS is not a party to the 5. Completion of purchase 7. Data protection 8. General AUCTION CONDUCT CONDITIONS subject to these Terms and (for the contract of sale and is not liable for any 5.1 Immediately following the contract date, 7.1 JOHN PYE & SONS will only use the 8.1 If any court or competent authority FOR THE PARTICIPATION AND avoidance of doubt) the CAC’s. breach thereof by either the buyer or the and subject to the satisfaction of the personal information provided to them to decides that any of the provisions of PURCHASE OF PROPERTY BY 1.7 All buyers and sellers acknowledge and seller. provisions of condition 4.7 above, JOHN provide the auction services, or to inform these Terms are invalid, unlawful or ONLINE AUCTION agree that these Terms (and, for the 4.2 If a potential buyer is unsuccessful in PYE & SONS will send the buyer’s buyers and sellers about similar services unenforceable to any extent, the term avoidance of doubt, the CAC’s) are buying the lot they may recover their payment invoice to the buyer, and, which they provide, unless told by such will, to that extent only, be severed from 1. Interpretation binding upon them, and by the buyers Conditionally Refundable Registration subject to receipt of payment in cleared parties that they do not want to receive the remaining terms, which will continue 1.1 The definitions in this clause and those completing Registration, and JOHN PYE Fee from JOHN PYE & SONS or, they funds, JOHN PYE & SONS will then the this information by ticking the ‘opt out’ to be valid to the fullest extent permitted definitions set out in the Common & SONS accepting the sellers’ property may request in writing that JOHN PYE & sale memorandum to the buyer, seller, box on the email you receive, or by by law. Auction Conditions apply in these Extra for auction, these Terms are deemed SONS keep the Conditionally Refundable the buyer’s solicitors (provided JOHN ticking the relevant box on the relevant 8.2 If or to the extent that any of these Auction Conduct Conditions (‘Terms’): accepted and incorporated into all Registration Fee against future auctions PYE & SONS are provided with such web page. Terms (as amended from time to time in dealings as between the relevant parties. which the potential buyer may “Anti-Money Laundering Information” details) and seller’s solicitors. All 7.2 The buyers and sellers acknowledge and writing by JOHN PYE & SONS) are participate in, and make them a means the provision of 2 pieces of required payments will be settled in full agree that JOHN PYE & SONS may pass Terms to which any of the provisions of registered ‘regular customer’ of JOHN identification for anti-money laundering 2. Entry into Auction and before the sale memorandum is sent their details to credit reference agencies, the Unfair Contract Terms Act 1977 or PYE & SONS provided they adhere to bi- purposes – these must include 1 piece 2.1 JOHN PYE & SONS sell as agents for the to the buyer, seller and the buyer’s solicitors and other third parties where the Supply of Goods and Services Act annual requests for identification. of photo identification (a passport or seller and as such are not responsible for solicitors and seller’s solicitors and will legally required. 1982 or any subsequent modification or driver’s licence for example) and a utility 4.3 Following the contract date, a buyer may be in sterling (GBP) by way of online 7.3 Within this clause, “Data Protection Act” re-enactment thereof apply then such any default by seller. bill including the buyer’s/seller’s (as choose to recover their Conditionally payment only through Sage Pay or as means the Data Protection Act 1998 and Terms shall be enforceable only to the appropriate) home address which cannot 2.2 JOHN PYE & SONS reserve the right to Refundable Registration Fee from JOHN otherwise specified in the catalogue “Data Controller”, “Data Processor” and extent permitted by those Acts or their be dated older than 3 months; refuse to accept any Registration if any PYE & SONS or, they may request in within 24 hours following issue of the “Personal Data” have the same meanings subsequent modification or re-enactment of the elements of Registration are not writing that JOHN PYE & SONS keep “Appointment” means the appointment buyer’s payment invoice. All queries in as in that Act. and these Terms shall be construed acceptably completed. JOHN PYE & the Conditionally Refundable of JOHN PYE & SONS by the seller relation to methods of payment must be 7.4 Where JOHN PYE & SONS is Data accordingly. SONS reserve the right to refuse to Registration Fee against future auctions pursuant to the Appointment Letter. made to JOHN PYE & SONS accounts Controller and it permits access to the 8.3 If JOHN PYE & SONS fails, at any time accept any Anti-Money Laundering which the potential buyer may department and unless otherwise agreed Personal Data to the buyer (and/or while these Terms are in force, to insist “Appointment Letter” means the letter Information in the event it is not satisfied participate in, and make them a by JOHN PYE & SONS, the timing seller) then the buyer (and/or seller) shall that the Seller and/or Buyer perform prepared by JOHN PYE & SONS, setting as to its authenticity or acceptability. In registered ‘regular customer’ of JOHN required under these Terms for payment be the Data Processor in respect of such their obligations under these Terms, or if out the Services, the remuneration the event that the Anti-Money PYE & SONS provided they adhere to bi- is of the essence, and will under no Personal Data and shall comply with any JOHN PYE & SONS does not exercise arrangements and other terms and Laundering Information is not annual requests for identification. A circumstances be adjusted further for a instructions issued by JOHN PYE & any of its rights or remedies under these conditions that form part of the acceptable or provided, JOHN PYE & Buyer may not use their Conditionally Appointment. failure on the part of the buyer to make SONS. Terms, that will not mean that JOHN SONS will not (as applicable) send or Refundable Registration Fee against their the necessary enquiries and preparations PYE & SONS has waived such rights or “CAC’s” means The Royal Institution of 7.5 If any party is a Data Processor of sign the sale memorandum and the deposit or buyer’s premium. in order to pay the buyer’s premium remedies and will not mean that the Chartered Surveyors Common Auction ‘buyer’s payment will not be accepted Personal Data, that party shall: 4.4 Persons participate in the online auctions and/or price. seller and/or buyer does not have to Conditions (third edition). and in addition to the provisions of the 7.5.1 only process Personal Data in at their own risk and, subject to 5.2 In respect of telegraphic transfers, the comply with those obligations. If JOHN “Conditionally Refundable Registration CAC (as amended), the Buyer will lose accordance with the requirements of the condition 6.2 below, neither the seller remitting bank must include the invoice PYE & SONS do waive a default by the Fee” means the fee paid by the potential the Conditionally Refundable Data Protection Act; nor JOHN PYE & SONS will be number, and any other reference as seller and/or buyer that will not mean buyer upon Registration of either £2000 Registration Fee. 7.5.2 process Personal Data to the extent, and individually or collectively responsible shown in the catalogue, or as otherwise that JOHN PYE & SONS will or £500 as notified by JOHN PYE & in such manner, as is necessary for the 2.3 Unless otherwise agreed by JOHN PYE for any loss or damage whatsoever notified by JOHN PYE & SONS. automatically waive any subsequent SONS upon Registration. provision of the auction services (In the & SONS in writing, JOHN PYE & SONS occasioned to any person or property default by the seller and/or buyer. No case of JOHN PYE & SONS) and/or its “JOHN PYE & SONS” means John Pye will not accept a lot without the due to anything which may be present on waiver by JOHN PYE & SONS of any of 6. Buyer’s Default obligations under these Terms or as is and Sons Limited trading as John Pye information and documentation set out the auction site. these Terms shall be effective unless Property and John Pye Auctions. in its Appointment Letter. 6.1 If the buyer does not honour its required by law or any regulatory body; 4.5 JOHN PYE & SONS shall have the right, JOHN PYE & SONS expressly says that “Registration” means: obligations for payment of the buyer’s 7.5.3 implement appropriate technical and it is a waiver and JOHN PYE & SONS tell at its discretion, to refuse participation in payment then JOHN PYE & SONS as (i) the payment by the potential buyer organisational measures to protect the buyer and seller so in writing. 3. Basis of Sale the online auctions by any person. agents of the seller shall at its absolute of the Conditionally Refundable Personal Data against unauthorised or 8.4 A person who is not party to these Terms 3.1 All lots are sold ‘as they lie’ with all faults 4.6 The catalogue will be made available to discretion and without prejudice to any Registration Fee electronically in cleared unlawful processing and against shall not have any rights under or in and imperfections and errors of potential buyers on JOHN PYE & SONS other rights it may have, be entitled to funds, or as otherwise notified by JOHN accidental loss, destruction, damage, connection with them under the description. Illustrations in catalogues or website www.johnpye.co.uk/property exercise the remedies set out in the CAC PYE & SONS in the registration process; alteration or disclosure. These measures Contracts (Rights of Third Parties) Act brochures are for identification only. before the commencement of the (as amended)as well as retain the shall be appropriate to the harm which (ii) the completion of the relevant 1999. Buyers should satisfy themselves prior to auction. Conditionally Refundable Registration might result from unauthorised or registration form by the potential buyer. 8.5 These Terms shall be governed by sale as to the condition of each lot and 4.7 Anti-Money Laundering Information Fee. unlawful processing or accidental loss, English law and JOHN PYE & SONS, the “3-Minute Rule” means the rule which should exercise and rely on their own must be presented by a successful buyer 6.2 For the avoidance of doubt, nothing in destruction or damage to Personal Data seller and the buyer all agree to the stipulates that any person who bids judgment as to whether the lot accords to JOHN PYE & SONS before the these Terms limits JOHN PYE & SONS’ and to the nature of the Personal Data exclusive jurisdiction of the English online within the last 3 minutes of a with its description. Neither JOHN PYE auction has commenced or within, but liability, nor, where applicable, the which is to be protected; and specific lot closing time will instigate the courts. & SONS, their servants or agents will be no later than, 24 hours of a successful liability of the buyer or seller for: 7.5.4 not perform its obligations hereunder or automatic extension of the lot closing responsible for errors of description or bid (further to the process notified to (a) death or personal injury caused by as otherwise set out in these conditions time by an additional 3 minutes and so for the genuineness or authenticity of Buyers by JOHN PYE & SONS in the negligence; or in such a way as to breach any of its 9. Online terms of participation on for any such subsequent bids until a any lot. catalogue and the Buyers guide). The (b) fraud or fraudulent misrepresentation; or applicable obligations under the Data and sale winning bid is achieved. Anti-Money Laundering Information can 3.2 JOHN PYE & SONS has the right to Protection Act. 9.1 The provisions of all Terms above apply 1.2 Headings do not affect the interpretation be presented to John Pye & Sons’ staff at (c) any breach of the obligations implied by revise and amend these Terms from time 7.6 If the buyer or seller provides Personal to the sale of lots made through of these Terms. one of their four primary hubs section 12 of the Sale of Goods Act 1979 to time to reflect changes in market Data of any third party to JOHN PYE & www.johnpye.co.uk (the “Website”), and (Nottingham, Derby, Marchington or or section 2 of the Supply of Goods and 1.3 The headings of these Terms do not conditions affecting its business, changes SONS, it shall ensure that it has to the extent that such adjustments in Park Royal, London). Alternatively, Services Act 1982; or form part of the Terms. in technology, changes in payment permission to provide the Personal Data practical application of the Terms are buyers may request their solicitors to (d) losses for which it is prohibited by 1.4 Reference to writing or written in these methods, changes in relevant laws and for JOHN PYE & SONS’s use in warranted by virtue of the electronic provide Anti-Money Laundering section 7 of the Consumer Protection Terms includes faxes and e-mail unless regulatory requirements and changes in connection with the auction. medium of participation in any given Information to John Pye & Sons. John Act 1987 to limit liability; or otherwise notified by JOHN PYE & various systems’ capabilities. auction, so such adjustments shall be Pye & Sons reserve the right to refuse (e) any other matter for which it would be SONS. deemed made so to give full application acceptance of any Anti-Money illegal or unlawful to exclude or attempt 1.5 If any of these Terms are inconsistent to all relevant and applicable Terms. 4. Conduct of the Auction Laundering Information. to exclude liability. with any other term of the CAC’s (as 9.2 All participants in the Website auctions 4.1 For the avoidance of doubt, the parties to 4.8 The 3-Minute Rule shall operate as amended), these Terms shall prevail. warrant that they are of legal age and the contract of sale of the lot set on the necessary during the online auction. contract date are the buyer and the seller. legally capable of entering into binding contracts. Head Office Mayfair Office James Shipstone House, Radford Road, 5 Old Bond Street, Mayfair, Nottingham, NG7 7EA London, W1S 4PD
JOHN PYE & SONS LIMITED FAST FACTS:
Trading as: - 22 sites across the UK - 90,000 assets sold per month - John Pye Auctions - Over 900 UK wide auctions -John Pye Retail annually - John Pye Property - Over 300,000 registered - John Pye Business Assets buyers and growing - John Pye Luxury Assets The widest range of stock and asset - John Pye Retail offerings from the UK’s fastest growing auction house. Built on solid foundations with more than 50 years of trading history.
Maximising equity in asset and stock holdings for clients:
- Banks - Finance Houses - Government - Private Businesses - Recovery Practitioners - Retail PLCs
Property