Thursday 6Th August 2020 2.30Pm Livestream Online Auction LIVESTREAM ONLINE AUCTION Thursday 6Th August 2020 - 2.30Pm

Thursday 6th August 2020 2.30pm Livestream Online Auction LIVESTREAM ONLINE AUCTION Thursday 6th August 2020 - 2.30pm

IMPORTANT NOTICE

Our August property auction will be conducted by Livestream Online Auction.

Our August property auction will be conducted by Livestream Auction. Under the current restrictions, we are unable to invite bidders to attend our property auction in person. Instead we shall be conducting the auction by Livestream Auction. Buyers will be able to bid Live Online, By Proxy or By Telephone.

As auctioneer, I will conduct the bidding in the usual manner. You will be able to watch the bidding live online, exactly as you would watch a live in-room auction in the saleroom. You will be able to compete for properties by bidding electronically. The Live Online bidding process is extremely easy. When you wish to bid, simply press the “BID” button and wait for your bid to be accepted by the auctioneer. If your bid is beaten by another bidder, then you can bid again. Once the bidding is concluded, I will drop my hammer (my gavel) in the normal way, creating a binding contract between the seller and the last bidder.

As a bidder, you will need to register with us in advance of the auction, provide formal identiﬁcation and leave a deposit of £5,000 (this will be returned to you if you are unsuccessful at the auction).

The registration form is available in the legal pack for each property. Legal packs are available through our website at auctionhouse.co.uk/robinsonandhall. Please complete the form and email to us at [email protected], at least two days in advance of the auction date.

Once your registration is complete, you will be sent a weblink and passcode for use on the bidding platform on the auction day.

If you wish to bid By Proxy or By Telephone, then you still need to register using the same form, but please tick the Proxy or Telephone boxes as appropriate.

Good luck in our August Livestream Auction.

(We accept Visa Business Debit and UK Consumer Debit Cards only. Refunds on other cards will be subject to deductions for Card Charges incurred by the Auctioneers) ORDER OF SALE

Thursday 6th August 2020 2.30pm Livestream Online Auction

LOT ADDRESS *GUIDE PRICE LOT TYPE

1 Plot 1 Springfield Farm, Rushton Road, Kettering, Northamptonshire £40,000+ Agricultural/Amenity Land

2 Land to the north of Moggerhanger Road, Sandy, Bedfordshire £65,000+ Agricultural/Amenity Land

3 Plot 2 Springfield Farm, Rushton Road, Kettering, Northamptonshire £50,000+ Agricultural/Amenity Land

4 Land to the north of Budna Road, Budna, Sandy, Bedfordshire £65,000+ Agricultural/Amenity Land

5 Plot 3 Springfield Farm, Rushton Road, Kettering, Northamptonshire £50,000+ Agricultural/Amenity Land

6 Beehive Cottage, Bushmead Road, Colmworth, Bedfordshire £385,000+ Residential for Improvement

7 Unit 16 Titan Court, Laporte Way, Luton, Bedfordshire WITHDRAWN Commercial Investment

8 37 Laburnham Court, Millstream Way, Leighton Buzzard, Bedfordshire £80,000+ Residential

9 16 Farthing Grove, Netherfield, Milton Keynes, Buckinghamshire £90,000+ Residential Investment

10 Building Plot to the rear of 22 Kimbolton Avenue, Bedford, Bedfordshire £100,000+ Plots/Building Land

11 16A Farthing Grove, Netherfield, Milton Keynes, Buckinghamshire £60,000+ Residential Investment

Former Grain Store, Winslow Road, Granborough, Buckingham, 12 £500,000+ Redevelopment Buckinghamshire

13 Causter Farm, Winslow Road, Nash, Milton Keynes, Buckinghamshire SOLD PRIOR Redevelopment

14 Building Plot east of 40 Deanshanger Road, Old Stratford, Northamptonshire £150,000+ Plots/Building Land

15 132 London Road, Sandy, Bedfordshire £180,000+ Residential for Improvement

*Description on Auction Information page Agricultural/Amenity 1 Land

Plot 1 Springfield Farm, Rushton Road, Kettering, Northamptonshire NN14 1QE

*GUIDE PRICE £40,000+ (plus fees)

An attractive parcel of land which measures approximately four acres.

Conveniently located between Rothwell, Rushden and Kettering this parcel of land is accessed via a gated entrance with a wide splay and a track. At the beginning of the plot is a sizeable level area of hard- standing, beyond which the land slops away from the track towards a wooded copse.

Tenure: Freehold Additional Fees Local Authority: Kettering Borough Council - 01536 410333 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: EMW LLP Solicitors, Seebeck House, 1 Seebeck Place, Milton Keynes MK5 8FR. Tel: 0345 070 6000 Administration Charge: Purchasers will be required to pay an administration fee Ref: Geoff Willis - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating N/A Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

2 Agricultural/Amenity Land

Land to the north of Moggerhanger Road, Sandy, Bedfordshire SG19 1ND

*GUIDE PRICE £65,000+ (plus fees)

A level plot of land which measures approximately 14 acres, located between Sandy and Moggerhanger.

This land (together with other land) is subject to an unwritten tenancy to a local farmer at a total rent of £1,500 per annum. The share of rent allotted to this parcel is 47% of the whole (£705). The rent is paid in January each year and the sellers believe that the term is from September to September each year. It is not known whether the tenant has lifetime security under the Agricultural Holdings Act, or whether the tenancy is a Farm Business Tenancy which can be brought to an early end. The tenant has not responded to requests to provide evidence that he has security and the sellers have no evidence of rent being paid prior to around 2006. This suggests that the tenancy is a Farm Business Tenancy, but the tenant may yet produce evidence to the contrary.Accordingly the sellers are serving a notice to quit on the tenant, which is intended to bring the tenancy to a close in September 2021, unless further evidence arrives in the meantime. The land is therefore being offered subject to such uncertainty.

Tenure: Freehold Additional Fees Local Authority: Central Bedfordshire Council - 0300 300 8301 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Palmers Solicitors LLP, Hassett House, Hassett Street, Bedford MK40 1HA. Tel: 01234 211161 Ref: Administration Charge: Purchasers will be required to pay an administration fee Yagnesh Shah - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating N/A Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures Agricultural/Amenity 3 Land

Plot 2 Springfield Farm, Rushton Road, Kettering, Northamptonshire NN14 1QE

*GUIDE PRICE £50,000+ (plus fees)

An attractive parcel of land measuring approximately five acres, within easy reach of Rushden, Kettering and Rothwell.

Located approximately half a mile to the south of Rushden and two miles from both Rothwell and Kettering, this attractive parcel of land is set back from the highway along a track which is accessed via a gated entrance with a wide made up splay. The plot is the second plot on the left of the track with ground sloping away towards a wooded copse.

auctionhouse.co.uk *Description on Auction Information Page

4 Agricultural/Amenity Land

Land to the north of Budna Road, Budna, Sandy, Bedfordshire SG19 1PX

*GUIDE PRICE £65,000+ (plus fees)

A level plot of land which measures approximately 13 acres located between Northill and Moggerhanger.

This land (together with other land) is subject to an unwritten tenancy to a local farmer at a total rent of £1,500 per annum. The share of rent allotted to this parcel is 40% of the whole (£600). The rent is paid in January each year and the sellers believe that the term is from September to September each year. Itis not known whether the tenant has lifetime security under the Agricultural Holdings Act, or whether the tenancy is a Farm Business Tenancy which can be brought to an early end. The tenant has not responded to requests to provide evidence that he has security and the sellers have no evidence of rent being paid prior to around 2006. This suggests that the tenancy is a Farm Business Tenancy, but the tenant may yet produce evidence to the contrary. Accordingly the sellers are serving a notice to quit on the tenant, which is intended to bring the tenancy to a close in September 2021, unless further evidence arrives in the meantime. The land is therefore being offered subject to such uncertainty.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures Agricultural/Amenity 5 Land

Plot 3 Springfield Farm, Rushton Road, Kettering, Northamptonshire NN14 1QE

*GUIDE PRICE £50,000+ (plus fees)

A five and a half acre parcel of land close to Rushden, Kettering and Rothwell.

This gently sloping parcel of land is set back from the highway along a track which is accessed via a gated entrance with a wide made up splay. The plot is the third plot on the left of the track with ground sloping away towards a wooded copse.

auctionhouse.co.uk *Description on Auction Information Page

Property Types for Auction

There are many different types of property that sell well at Auction, and if you have one that falls into any of these categories you certainly should consider the Auction route. Check through the list below, and if you find a match, then give Auction House a call.

Properties for Improvement Mixed Use Properties

Tenanted Properties Commercial Investments

Residential Investments Unique Properties

Development Propositions Amenity Land and Other Property

Building Land

01234 362899 / 01280 818907 [email protected]

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures Residential for improvement 6 Beehive Cottage, Bushmead Road, Colmworth, Bedfordshire MK44 2LJ

*GUIDE PRICE £385,000+ (plus fees)

A nearly completed brand new, four bedroom detached house in a good Viewings: size plot that backs onto open countryside. 10 minute internal inspections are offered to prospective bidders within the following time slots: Set within a rural location to the west of St Neots, this brand new house has Wed 22 Jul: 10:00 - 11:00 been traditionally constructed with rendered cavity block walls and a slate Sat 25 Jul: 15:00 - 16:00 pitched roof. Construction is nearly completed, enabling a new owner the Thu 30 Jul: 10:00 - 11:00 opportunity to complete their home with their own choices for kitchen, Please telephone to be allocated a space. Please do not arrive without an bathroom suites, decor, floor coverings, tiles, switches/sockets and even the appointment as due to the requirement for social distancing, entry may be layout of part of the ground floor. Here there is a large double aspect sitting denied. room with a functioning fireplace and chimney, a reception hall with a study area and a large kitchen dining room which offers the chance to adapt to incorporate a utility or boot room, or a separate dining room. Also on the ground floor, insulation and pipes are installed for an under floor heating system with tails in place for an air source heat pump. Prior to auction the floor will be screeded and a temporary staircase fitted. On the first floor are four bedrooms, the master bedroom is to benefit from an en-suite shower room and a dressing room, plus there will be a family bathroom. The house is nicely set back within a plot measuring approximately a third of an acre, with sufficient room for garaging or a car port. Drains are in place leading to a septic tank and there are closed boarded fences to the side boundaries. In order to benefit from the view, a post and rail fence has been erected along the rear boundary. At the back of the house hardcore is in place for a patio and the remainder of the ground has been levelled, ready for landscaping. Partner Agent: Planning Consent: Reference number: 17/002687 LDE Decision date: 16/1/2018

Legal Pack: The legal pack will include copies of site inspection visits/reports by the local authority building control, along with any 10 year guarantee scheme and a FENSA (window) guarantee.

Tenure: Freehold Additional Fees Local Authority: Bedford Borough Council - 01234 267422 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Palmers Solicitors, Hassett House, Hassett Street, Bedford MK40 1HA. Tel: 01234 211161 Ref: Yagnesh Administration Charge: Purchasers will be required to pay an administration fee Shah - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating TBC Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures 7 Commercial Investments

Unit 16 Titan Court, Laporte Way, Luton, Bedfordshire LU4 8EF

*GUIDE PRICE £190,000+ (plus fees)

A well located modern two storey office unit, measuring approximately 1,900 sq. ft. located only 2 miles from Luton town centre.

The property provides quality office space to both floors currently with main reception area, 8 offices, an equipment room, kitchenette and male, female and disabled toilet facilities. The partitioning is demountable so the layout could be reconfigured and there is a 3 phase power supply, air conditioning to the first floor and 6 allocated parking spaces.

Approximate Floor Areas: Ground Floor: 958 sq.ft (89 sq.m)First Floor: 968 sq.ft (90 WITHDRAWNsq.m)Total Area: 1,926 sq.ft (179 sq.m)

Tenure: Freehold Additional Fees Local Authority: Luton Borough Council - 01582 546000 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: HCB Park Woodfine, 1 George Street West, Luton, Bedfordshire LU1 2BJ. Tel: 01582 720175 Ref: Reena Administration Charge: Purchasers will be required to pay an administration fee Kumar - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating E Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

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Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures Residential 8 37 Laburnham Court, Millstream Way, Leighton Buzzard, Bedfordshire LU7 3WL

*GUIDE PRICE £80,000+ (plus fees)

A one bedroom independent living retirement apartment, less than 0.5 Ground Rent: £150 per annum. mile from the town centre. Service Charge: This well maintained one bedroom retirement apartment is ideally situated £2,457.26 per annum. in the centre of the popular market town of Leighton Buzzard. The property is located on the first floor of the building and has access all the communal Auctioneer's Note: facilities and to the manicured gardens. Additional benefits include a lift, A person of any age can purchase the flat, however the occupier must be communal laundry, communal lounge, hobby room, site manager, guest over 55 years of age. Both cats & dogs generally accepted (subject to terms suite available for rent, conservatory, landscaped communal gardens and of lease and landlord permission). parking. Viewings: Accommodation: 10 minute internal inspections are offered to prospective bidders within the Entrance hall, sitting/dining room, kitchen and shower room. following time slots: Tue 21 Jul: 10:30 - 11:30 Facilities: Sat 25 Jul: 10:30 - 11:30 Site manager, lift, communal laundry room, residents lounge, hobby room, Wed 29 Jul: 10:30 - 11:30 conservatory, guest suite available for rent, landscaped communal gardens Please telephone to be allocated a space. Please do not arrive without an and parking. appointment as due to the requirement for social distancing, entry may be denied. Partner Agent: Lease: 99 years from 1st June 1989 (68 years remaining).

Tenure: Leasehold Additional Fees Local Authority: Central Bedfordshire Council - 0300 300 8301 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Winters & Co, 3 Baldock Street, Ware, Hertfordshire SG12 9DH. Tel: 01920 466696 Ref: Richard Administration Charge: Purchasers will be required to pay an administration fee Winters - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating C Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures Residential Investments 9 16 Farthing Grove, Netherfield, Milton Keynes, Buckinghamshire MK6 4HH

*GUIDE PRICE £90,000+ (plus fees)

A three bedroom maisonette situated in the Netherfield area of Milton Lease: Keynes, currently let generating £850 pcm. The property is being sold with a new 125 year lease and a 50% share of the freehold. This three bedroom maisonette is located in the Netherfield area of Milton Keynes close to shops and amenities and within 4 miles of the centre of Rental Income: Milton Keynes. The maisonette was refurbished in the last couple of years The property is currently let under an Assured Short-hold Tenancy and to the front of the property is a driveway with off street parking for two agreement generating £850 pcm. vehicles. Viewings: Accommodation: 10 minute internal inspections are offered to prospective bidders within the .ăòĕê²,áòòăŝ Entrance hall with staircase to first floor. following time slots: ,Ïăćď,áòòăŝ Hallway, kitchen/dining room, sitting room and WC. Tue 21 Jul: 12:30 - 14:00 q¹¬òê²,áòòăŝ Master bedroom, two further bedrooms, family bathroom Sat 25 Jul: 12:30 - 14:00 andstorage cupboard housing gas boiler. Wed 29 Jul: 12:30 - 14:00 Please telephone to be allocated a space. Please do not arrive without an Outside: appointment as due to the requirement for social distancing, entry may be Off street parking for two vehicles to the front of the property. denied.

Tenure: Leasehold with share of freehold Additional Fees Local Authority: Milton Keynes Council - 01908 691691 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Woodfines Solicitors, Silbury Court, 352-356 Silbury Boulevard, Milton Keynes MK9 2AF. Tel: 01908 Administration Charge: Purchasers will be required to pay an administration fee 202155 Ref: Claire Dunn - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating B Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures 10 Plots/Building Land

Building Plot to the rear of 22 Kimbolton Avenue, Bedford, Bedfordshire MK40 3AA

*GUIDE PRICE £100,000+ (plus fees)

A single building plot with outline consent for the construction of a detached three bedroom house within a much sought after area of Bedford.

This attractive garden plot is to the rear of a substantial detached Victorian house that is located on the corner of Kimbolton Avenue and Amberley Gardens. Access to the plot is from Amberley Gardens and outline consent has been granted for the erection of a single detached three bedroom house with parking and gardens. The neighbours of the adjacent property (20 Kimbolton Avenue) are willing to negotiate selling an equal size area of their garden to the Buyer which should allow either a larger house to be built or possibly a second dwelling of a similar size.

Partner Agent: Planning Consent: Reference number: 19/02501/OUT Decision date: March 2020

Community Infrastructure Levy: It is the policy of Bedford Borough Council to apply a Community Infrastructure Levy (CIL) on all new build residential property.

Tenure: Freehold Additional Fees Local Authority: Bedford Borough Council - 01234 267422 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Palmers Solicitors, Hassett House, Hassett Street, Bedford, MK40 1HA. Tel: 01234 211161 Ref: Yagnesh Administration Charge: Purchasers will be required to pay an administration fee Shah - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating N/A Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

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&DOORXUH[SHUWVDW\RXUQHDUHVWRI¿FHWR¿QGRXWKRZZHFDQKHOS you or your business.

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Land and Property Professionals robinsonandhall.co.uk

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures Residential Investments 11 16A Farthing Grove, Netherfield, Milton Keynes, Buckinghamshire MK6 4HH

*GUIDE PRICE £60,000+ (plus fees)

A ground floor one bedroom apartment situated in the Netherfield area Rental Income: of Milton Keynes, currently let generating £675 pcm. The property is currently let under an Assured Short-hold Tenancy agreement generating £675 pcm. This one bedroom ground floor apartment is located in the Netherfield area of Milton Keynes close to shops and amenities and within 4 miles of the Viewings: centre of Milton Keynes. The property was refurbished in the last couple of 10 minute internal inspections are offered to prospective bidders within the years and benefits from a sizeable rear garden. following time slots: Tue 21 Jul: 12:30 - 14:00 Accommodation: Sat 25 Jul: 12:30 - 14:00 Open plan living/dining/kitchen, master bedroom with en-suite shower Wed 29 Jul: 12:30 - 14:00 room. Please telephone to be allocated a space. Please do not arrive without an appointment as due to the requirement for social distancing, entry may be Outside: denied. To the rear of the property is a fenced rear garden with a patio and lawned area.

Lease: The property is being sold with a new 125 year lease and a 50% share of the freehold.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures Redevelopment 12

Former Grain Store, Winslow Road, Granborough, Buckingham, Buckinghamshire MK18 3NQ

*GUIDE PRICE £500,000+ (plus fees)

A large barn in a rural setting which benefits from approved consent to Viewings: convert into four residential dwellings. 10 minute internal inspections are offered to prospective bidders within the following time slots: Set outside the village of Granborough and within a mile and a half of the Wed 22 Jul: 15:00 – 16:00 centre of the popular market town of Winslow, this large steel framed grain Thu 30 Jul: 15:00 – 16:00 store has an existing floor space of 552 square metres (5,940 sq. ft.).Under a Please telephone to be allocated a space. Please do not arrive without an class Q consent, change of use is permitted to convert the building into four appointment as due to the requirement for social distancing, entry may be (terraced) residential dwellings. The two properties in the centre will each denied. offer ground floor accommodation only with 99.5 square metres (1,070 sq. ft.) of floor space and the two units at each end will offer accommodation over two floors, each with 227 square metres (2,440 sq. ft.) of floor space.The building is set back from the Winslow Road and in the foreground is a brick stable with two stalls and a small fenced paddock. The overall size of the plot will be approaching two acres.

Planning Consent: Reference number: 20/01010/COUAR Decision date: 19th May 2020

Tenure: Freehold Additional Fees Local Authority: Aylesbury Vale District Council - 01296 585858 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Neves Solicitors, Aurora House, Deltic Ave, Rooksley, Bradwell Common, Milton Keynes MK13 8LW. Administration Charge: Purchasers will be required to pay an administration fee Tel: 01908 304560 Ref: Katy Williams - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating N/A Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures Redevelopment 13 Causter Farm, Winslow Road, Nash, Milton Keynes, Buckinghamshire MK17 0EJ

*GUIDE PRICE £250,000+ (plus fees)

SOLD PRIOR

A total of 7 acres of land with approved consent for a substantial location is on the edge of a sought after village between Buckingham and detached house, plus a variety of equestrian and agricultural buildings. Milton Keynes.

Consent has been granted by the local authority for the erection of a single Planning Consent: storey dwelling of approximately 1,700 sq. ft which may be sited to the east Reference No: 18/00601/APP of the northern boundary main entrance. This will then allow the existing Decision Date: 20/12/2018 dwelling (the single story building in the north west corner) a change of use to equestrian use. In addition a second equestrian building provides three Auctioneer's Note: large stables and there is a (third) modern portal frame building. For this On the plot which does NOT benefit from the consent to erect a house, an modern building, pre-application advice has been sought and received from overage is in place for the duration of 20 years from 2017. The provision is the local authority suggesting an application to change its status to a for the recipient to benefit from 40% against any uplift in value, less commercial building would be permitted. A second adjacent parcel of land of expenses or professional costs. A copy of the TR1 detailing this provision will similar size also benefits from a number of buildings. There are five in total, be included within the legal pack. No overage is applied to the consented four large open sided barns/shelters of various states of repair and a semi plot. Partner Agent: circular shelter clad in corrugated sheeting.

The two parcels are on separate titles and both benefit from their own gated entrances to the highway, hedged and fenced boundaries with level grassland that extends away from the road with open countryside beyond. The overall size of the two adjacent plots is approximately 7 acres and the

Tenure: Freehold Additional Fees Local Authority: Aylesbury Vale District Council - 01296 585858 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Neves Solicitors, Aurora House, Deltic Ave, Rooksley, Bradwell Common, Milton Keynes MK13 8LW. Administration Charge: Purchasers will be required to pay an administration fee Tel: 01908 304560 Ref: Kelly Loft - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating N/A Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures 14 Plots/Building Land

Building Plot east of 40 Deanshanger Road, Old Stratford, Northamptonshire MK19 6AW

*GUIDE PRICE £150,000+ (plus fees)

A building plot with approved planning consent for two x three bedroom detached houses, within 1 mile of the market town of Stony Stratford. The site measures approximately 0.2 acres with the houses to offer a gross internal area of approximately 1,136 and 1,090 sq. ft. respectively.

Planning Consent: Application Ref: S/2017/3059/FUL Decision Date: 16/04/2018 Planning for two detached dwellings with detached garage and driveway parking.

Community Infrastructure Levy: It is the policy of South Northamptonshire Council to apply a Community Infrastructure Levy (CIL) on all new build residential property. The amount payable is calculated to be £57,056. Partner Agent:

Auctioneer's Note: Interested parties should note that this registered title does not appear to abut the public highway. Ownership of the narrow intervening strip is unregistered and ownership is not known.

Tenure: Freehold Additional Fees Local Authority: South Northamptonshire Council - 01327 322322 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Ray Borley Dunkley LLP, 79 High Street, Stony Stratford, Milton Keynes MK11 1AU. Tel: 01908 563232 Administration Charge: Purchasers will be required to pay an administration fee of £1,200 incl. VAT. Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

Property Types for Auction

Properties for Improvement Mixed Use Properties

Tenanted Properties Commercial Investments

Residential Investments Unique Properties

Development Propositions Amenity Land and Other Property

Building Land

01234 362899 / 01280 818907 [email protected]

*GUIDE PRICE £180,000+ (plus fees)

A detached bungalow with a garage, parking and sizeable gardens which bedroom, kitchen/breakfast room, two further bedrooms, bathroom and offers excellent scope to refurbish and enlarge. separate WC.

Constructed in the 1950's this detached bungalow occupies a wide plot Outside: which faces the London Road (A1) and backs onto the St. Neots Road. The In addition to the substantial mature garden at the front and the brick built building is set at the back of the plot with a substantial, established and well garage, which has light and power, there are two timber sheds, an area of screened garden at the front and a long driveway which leads from the St hard-standing, paths, seating areas and a vegetable bed. Neots road to a brick built single garage. The property is recorded on two land registry titles, a second smaller title benefits from a separate vehicular Viewings: entrance to the London Road with a dropped kerb and double gates. This 10 minute internal inspections are offered to prospective bidders within the title was acquired in the 1960's when at the time a small chapel stood on following time slots: the land.The bungalow was built as a three bedroom property with a large Wed 22 Jul: 12:00 - 13:00 sitting room and later extended with an additional reception room and Sat 25 Jul: 16:30 - 17:30 adapted to three reception rooms and two bedrooms. It retains the flexibility Thu 30 Jul: 12:00 - 13:00 to easily re-configure the accommodation, perhaps extending the Please telephone to be allocated a space. Please do not arrive without an accommodation into the roof void or to extend the footprint. appointment as due to the requirement for social distancing, entry may be denied. Accommodation: Partner Agent: Entrance hall, double aspect sitting room with a fireplace, a triple aspect dining room with patio doors to the garden, a second sitting room/third

Tenure: Freehold Additional Fees Local Authority: Central Bedfordshire Council - 0300 300 8301 Buyer's Premium: There is no Buyer's Premium payable on this lot. Solicitors: Woodfines Solicitors, 16 St Cuthbert's Street, Bedford, Bedfordshire MK40 3JG. Tel: 01234 270600 Administration Charge: Purchasers will be required to pay an administration fee Ref: Nicola Burdett - [email protected] of £1,200 incl. VAT. Energy Performance Rating (EPC): Current Rating TBC Disbursements: Please see legal pack for any disbursements that may become payable by the purchaser on completion.

auctionhouse.co.uk *Description on Auction Information Page

Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual ﬁgures COMMON AUCTION CONDITIONS (EDITION 3) REPRODUCED WITH THE CONSENT OF THE RICS

INTRODUCTION general conditions. information supplied by or on behalf of the seller. You need The Common Auction Conditions have been produced for real estate Interest rate to check that the information in the particulars is correct. auctions in England and Wales to set a common standard across the If not specified in the special conditions, 4% above the base rate A4.2 If the special conditions do not contain a description of the industry. They are in three sections: from time to time of Barclays Bank plc. (The interest rate will also lot, or simply refer to the relevant lot number, you take the apply to judgment debts, if applicable.) risk that the description contained in the particulars is GLOSSARY Lot incomplete or inaccurate, as the particulars have not been The glossary gives special meanings to certain words used in both Each separate property described in the catalogue or (as the case prepared by a conveyancer and are not intended to form part sets of conditions.. may be) the property that the seller has agreed to sell and the buyer of a legal contract. AUCTION CONDUCT CONDITIONS to buy (including chattels, if any). A4.3 The particulars and the sale conditions may change prior to The Auction Conduct Conditions govern the relationship between Old arrears the auction and it is your responsibility to check that you the auctioneer and anyone who has a catalogue, or who attends or Arrears due under any of the tenancies that are not “new tenancies” have the correct versions. bids at the auction. They cannot be changed without the as defined by the Landlord and Tenant (Covenants) Act 1995. A4.4 If we provide information, or a copy of a document, provided auctioneer’s agreement. Particulars by others we do so only on the basis that we are not The section of the catalogue that contains descriptions of each lot SALE CONDITIONS responsible for the accuracy of that information or (as varied by any addendum). document. The Sale Conditions govern the agreement between each seller and Practitioner buyer. They include general conditions of sale and template forms An insolvency practitioner for the purposes of the Insolvency Act A5 THE CONTRACT of special conditions of sale, tenancy and arrears schedules and a 1986 (or, in relation to jurisdictions outside the United Kingdom, A5.1 A successful bid is one we accept as such (normally on the sale memorandum. any similar official). fall of the hammer). This condition A5 applies to you if you IMPORTANT NOTICE Price make the successful bid for a lot. A prudent buyer will, before bidding for a lot at an auction: The price that the buyer agrees to pay for the lot. A5.2 You are obliged to buy the lot on the terms of the sale • take professional advice from a conveyancer and, in appropriate Ready to complete memorandum at the price you bid plus VAT (if applicable). cases, a chartered surveyor and an accountant; Ready, willing and able to complete: if completion would enable the A5.3 You must before leaving the auction: • read the conditions; seller to discharge all financial charges secured on the lot that have (a) provide all information we reasonably need from you to • inspect the lot; to be discharged by completion, then those outstanding financial enable us to complete the sale memorandum (including • carry out usual searches and make usual enquiries; charges do not prevent the seller from being ready to complete. proof of your identity if required by us); • check the content of all available leases and other documents Sale conditions (b) sign the completed sale memorandum; and relating to the lot; The general conditions as varied by any special conditions or (c) pay the deposit. • check that what is said about the lot in the catalogue is accurate; addendum. A5.4 If you do not we may either: • have finance available for the deposit and purchase price; Sale memorandum The form so headed (whether or not set out in the catalogue) in (a) as agent for the seller treat that failure as your • check whether VAT registration and election is advisable; repudiation of the contract and offer the lot for sale again: The conditions assume that the buyer has acted like a prudent buyer. which the terms of the contract for the sale of the lot are recorded. Seller the seller may then have a claim against you for breach of If you choose to buy a lot without taking these normal precautions contract; or you do so at your own risk. The person selling the lot. If two or more are jointly the seller their obligations can be enforced against them jointly or against each of (b) sign the sale memorandum on your behalf. them separately. A5.5 The deposit: GLOSSARY Special conditions (a) is to be held as stakeholder where VAT would be This glossary applies to the auction conduct conditions and the sale Those of the sale conditions so headed that relate to the lot. chargeable on the deposit were it to be held as agent for the conditions. Tenancies seller, but otherwise is to be held as stated in the sale Wherever it makes sense: Tenancies, leases, licences to occupy and agreements for lease and conditions; and • singular words can be read as plurals, and plurals as singular words; any documents varying or supplemental to them. (b) must be paid in pounds sterling by cheque or by bankers’ • a “person” includes a corporate body; Tenancy schedule draft made payable to us on an approved financial • words of one gender include the other genders; The tenancy schedule (if any) forming part of the special conditions. institution. The extra auction conduct conditions may state • references to legislation are to that legislation as it may have been Transfer if we accept any other form of payment. modified or re-enacted by the date of the auction or the contract Transfer includes a conveyance or assignment (and “to transfer” A5.6 We may retain the sale memorandum signed by or on behalf date (as applicable); and includes “to convey” or “to assign”). of the seller until the deposit has been received in cleared • where the following words are printed in bold type they have the TUPE funds. specified meanings. The Transfer of Undertakings (Protection of Employment) A5.7 If the buyer does not comply with its obligations under the Actual completion date Regulations 2006. contract then: The date when completion takes place or is treated as taking place VAT (a) you are personally liable to buy the lot even if you are for the purposes of apportionment and calculating interest. Value Added Tax or other tax of a similar nature. acting as an agent; and Addendum VAT option (b) you must indemnify the seller in respect of any loss the An amendment or addition to the conditions or to the particulars or An option to tax. seller incurs as a result of the buyer’s default. to both whether contained in a supplement to the catalogue, a We (and us and our) A5.8 Where the buyer is a company you warrant that the buyer is written notice from the auctioneers or an oral announcement at the The auctioneers. properly constituted and able to buy the lot. auction. You (and your) Agreed completion date Someone who has a copy of the catalogue or who attends or bids at A6 EXTRA AUCTION CONDUCT CONDITIONS Subject to condition G9.3: the auction, whether or not a buyer. A6.1 Despite any special condition to the contrary the minimum (a) the date specified in the special conditions; or deposit we accept is £3,000 (or the total price, if less). A (b) if no date is specified, 20 business days after the contract date; AUCTION CONDUCT CONDITIONS special condition may, however, require a higher minimum but if that date is not a business day the first subsequent business deposit. day. A1 INTRODUCTION Approved financial institution A1.1 Words in bold type have special meanings, which are defined GENERAL CONDITIONS OF SALE Any bank or building society that has signed up to the Banking Code in the Glossary. A1.2 The catalogue is issued only on the basis that you accept Words in bold type have special meanings, which are defined or Business Banking Code or is otherwise acceptable to the in the Glossary auctioneers. these auction conduct conditions. They govern our Arrears relationship with you and cannot be disapplied or varied by G1. THE LOT Arrears of rent and other sums due under the tenancies and still the sale conditions (even by a condition purporting to replace G1.1 The lot (including any rights to be granted or reserved, and outstanding on the actual completion date. the whole of the Common Auction Conditions). They can be any exclusions from it) is described in the special conditions, Arrears schedule varied only if we agree. or if not so described the lot is that referred to in the sale The arrears schedule (if any) forming part of the special conditions. A2 OUR ROLE memorandum. Auction A2.1 As agents for each seller we have authority to: G1.2 The lot is sold subject to any tenancies disclosed by the special The auction advertised in the catalogue. (a) prepare the catalogue from information supplied by or conditions, but otherwise with vacant possession on Auction conduct conditions on behalf of each seller; completion. The conditions so headed, including any extra auction conduct G1.3 The lot is sold subject to all matters contained or referred to conditions. (b) offer each lot for sale; (c) sell each lot; in the documents, but excluding any financial charges: these Auctioneers the seller must discharge on or before completion. (d) receive and hold deposits; The auctioneers at the auction. G1.4 The lot is also sold subject to such of the following as may Business day (e) sign each sale memorandum; and affect it, whether they arise before or after the contract date Any day except (a) a Saturday or a Sunday; (b) a bank holiday in (f) treat a contract as repudiated if the buyer fails to sign a and whether or not they are disclosed by the seller or are England and Wales; or (c) Good Friday or Christmas Day. sale memorandum or pay a deposit as required by these apparent from inspection of the lot or from the documents: Buyer auction conduct conditions. (a) matters registered or capable of registration as local land The person who agrees to buy the lot or, if applicable, that person’s A2.2 Our decision on the conduct of the auction is final. charges; personal representatives: if two or more are jointly the buyer their A2.3 We may cancel the auction, or alter the order in which lots (b) matters registered or capable of registration by any obligations can be enforced against them jointly or against each of are offered for sale. We may also combine or divide lots. A them separately. competent authority or under the provisions of any lot may be sold or withdrawn from sale prior to the auction. statute; Catalogue A2.4 You acknowledge that to the extent permitted by law we The catalogue to which the conditions refer including any (c) notices, orders, demands, proposals and requirements of owe you no duty of care and you have no claim against us any competent authority; supplement to it. for any loss. Completion (d) charges, notices, orders, restrictions, agreements and Unless otherwise agreed between seller and buyer (or their A3 BIDDING AND RESERVE PRICES other matters relating to town and country planning, conveyancers) the occasion when both seller and buyer have A3.1 All bids are to be made in pounds sterling exclusive of any highways or public health; complied with their obligations under the contract and the balance applicable VAT. (e) rights, easements, quasi-easements, and wayleaves; of the price is unconditionally received in the seller’s conveyancer’s A3.2 We may refuse to accept a bid. We do not have to explain (f) outgoings and other liabilities; client account. why. (g) any interest which overrides, within the meaning of the Condition A3.3 If there is a dispute over bidding we are entitled to resolve Land Registration Act 2002; One of the auction conduct conditions or sales conditions. it, and our decision is final. (h) matters that ought to be disclosed by the searches and Contract A3.4 Unless stated otherwise each lot is subject to a reserve price enquiries a prudent buyer would make, whether or not the The contract by which the seller agrees to sell and the buyer agrees (which may be fixed just before the lot is offered for sale). If buyer has made them; and to buy the lot. no bid equals or exceeds that reserve price the lot will be (i) anything the seller does not and could not reasonably Contract date withdrawn from the auction. know about. The date of the auction or, if the lot is not sold at the auction: A3.5 Where there is a reserve price the seller may bid (or ask us G1.5 Where anything subject to which the lot is sold would expose (a) the date of the sale memorandum signed by both the seller and or another agent to bid on the seller’s behalf) up to the the seller to liability the buyer is to comply with it and buyer; or reserve price but may not make a bid equal to or exceeding indemnify the seller against that liability. (b) if contracts are exchanged, the date of exchange. If exchange is the reserve price. You accept that it is possible that all bids G1.6 The seller must notify the buyer of any notices, orders, not effected in person or by an irrevocable agreement to exchange up to the reserve price are bids made by or on behalf of the made by telephone, fax or electronic demands, proposals and requirements of any competent seller. authority of which it learns after the contract date but the mail the date of exchange is the date on which both parts have been A3.6 Where a guide price (or range of prices) is given that guide signed and posted or otherwise placed beyond normal retrieval. buyer must comply with them and keep the seller is the minimum price at which, or range of prices within indemnified. Documents which, the seller might be prepared to sell at the date of the Documents of title (including, if title is registered, the entries on the G1.7 The lot does not include any tenant’s or trade fixtures or guide price. But guide prices may change. The last published fittings. register and the title plan) and other documents listed or referred guide price will normally be at or above any reserve price, to in the special conditions relating to the lot. G1.8 Where chattels are included in the lot the buyer takes them but not always – as the seller may fix the final reserve price as they are at completion and the seller is not liable if they Financial charge just before bidding commences A charge to secure a loan or other financial indebtness (not including are not fit for use. a rentcharge). A4 THE PARTICULARS AND OTHER INFORMATION G1.9 The buyer buys with full knowledge of: General conditions A4.1 We have taken reasonable care to prepare particulars that (a) the documents, whether or not the buyer has read them; That part of the sale conditions so headed, including any extra correctly describe each lot. The particulars are based on and COMMON AUCTION CONDITIONS (EDITION 3) REPRODUCED WITH THE CONSENT OF THE RICS

(b) the physical condition of the lot and what could G4.4 The transfer is to have effect as if expressly subject to all G10.2 Subject to condition G11 the seller is not obliged to apportion reasonably be discovered on inspection of it, whether or matters subject to which the lot is sold under the contract. or account for any sum at completion unless the seller has not the buyer has inspected it. G4.5 The seller does not have to produce, nor may the buyer object received that sum in cleared funds. The seller must pay to the G1.10 The buyer is not to rely on the information contained in the to or make a requisition in relation to, any prior or superior buyer after completion any sum to which the buyer is entitled particulars but may rely on the seller’s conveyancer’s written title even if it is referred to in the documents. that the seller subsequently receives in cleared funds. replies to preliminary enquiries to the extent stated in those G4.6 The seller (and, if relevant, the buyer) must produce to each G10.3 Income and outgoings are to be apportioned at actual replies. other such confirmation of, or evidence of, their identity and completion date unless: G2. DEPOSIT that of their mortgagees and attorneys (if any) as is necessary (a) the buyer is liable to pay interest; and G2.1 The amount of the deposit is the greater of: for the other to be able to comply with applicable Land (b) the seller has given notice to the buyer at any time up to Registry Rules when making application for registration of the completion requiring apportionment on the date from (a) any minimum deposit stated in the auction conduct transaction to which the conditions apply. which interest becomes payable by the buyer; conditions (or the total price, if this is less than that minimum); and G5. TRANSFER in which event income and outgoings are to be apportioned on the date from which interest becomes payable by the (b) 10% of the price (exclusive of any VAT on the price). G5.1 Unless a form of transfer is prescribed by the special buyer. G2.2 The deposit conditions: G10.4 Apportionments are to be calculated on the basis that: (a) must be paid in pounds sterling by cheque or banker’s (a) the buyer must supply a draft transfer to the seller at least (a) the seller receives income and is liable for outgoings for draft drawn on an approved financial institution (or by any ten business days before the agreed completion date and the whole of the day on which apportionment is to be other means of payment that the auctioneers may the engrossment (signed as a deed by the buyer if made; accept); and condition G5.2 applies) five business days before that date (b) annual income and expenditure accrues at an equal daily (b) is to be held as stakeholder unless the auction conduct or (if later) two business days after the draft has been rate assuming 365 days in a year, and income and conditions provide that it is to be held as agent for the approved by the seller; and expenditure relating to some other period accrues at an seller. (b) the seller must approve or revise the draft transfer within equal daily rate during the period to which it relates; and G2.3 Where the auctioneers hold the deposit as stakeholder they five business days of receiving it from the buyer. (c) where the amount to be apportioned is not known at are authorised to release it (and interest on it if applicable) to G5.2 If the seller remains liable in any respect in relation to the lot completion apportionment is to be made by reference to the seller on completion or, if completion does not take place, (or a tenancy) following completion the buyer is specifically a reasonable estimate and further payment is to be made to the person entitled to it under the sale conditions. to covenant in the transfer to indemnify the seller against that liability. by seller or buyer as appropriate within five business days G2.4 If a cheque for all or part of the deposit is not cleared on first of the date when the amount is known. presentation the seller may treat the contract as at an end G5.3 The seller cannot be required to transfer the lot to anyone and bring a claim against the buyer for breach of contract. other than the buyer, or by more than one transfer. G11. ARREARS G2.5 Interest earned on the deposit belongs to the seller unless the G6. COMPLETION Part 1 Current rent sale conditions provide otherwise. G6.1 Completion is to take place at the offices of the seller’s G11.1 “Current rent” means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and G3. BETWEEN CONTRACT AND COMPLETION conveyancer, or where the seller may reasonably require, on other sums payable by the tenant in advance on the most G3.1 Unless the special conditions state otherwise, the seller is to the agreed completion date. The seller can only be required to complete on a business day and between the hours of 0930 recent rent payment date on or within four months preceding insure the lot from and including the contract date to completion. completion and: and 1700. G11.2 If on completion there are any arrears of current rent the (a) produce to the buyer on request all relevant insurance G6.2 The amount payable on completion is the balance of the price adjusted to take account of apportionments plus (if buyer must pay them, whether or not details of those arrears details; are given in the special conditions. (b) pay the premiums when due; applicable) VAT and interest. G6.3 Payment is to be made in pounds sterling and only by: G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of (c) if the buyer so requests, and pays any additional premium, current rent. (a) direct transfer to the seller’s conveyancer’s client account; use reasonable endeavours to increase the sum insured or Part 2 Buyer to pay for arrears make other changes to the policy; and (b) the release of any deposit held by a stakeholder. G11.4 Part 2 of this condition G11 applies where the special (d) at the request of the buyer use reasonable endeavours to conditions give details of arrears. have the buyer’s interest noted on the policy if it does not G6.4 Unless the seller and the buyer otherwise agree, completion G11.5 The buyer is on completion to pay, in addition to any other cover a contracting purchaser; cannot take place until both have complied with their obligations under the contract and the balance of the price is money then due, an amount equal to all arrears of which (e) unless otherwise agreed, cancel the insurance at details are set out in the special conditions. completion, apply for a refund of premium and (subject unconditionally received in the seller’s conveyancer’s client account. G11.6 If those arrears are not old arrears the seller is to assign to the to the rights of any tenant or other third party) pay that buyer all rights that the seller has to recover those arrears. refund to the buyer; and G6.5 If completion takes place after 1400 hours for a reason other Part 3 Buyer not to pay for arrears (f) (subject to the rights of any tenant or other third party) than the seller’s default it is to be treated, for the purposes of hold on trust for the buyer any insurance payments that apportionment and calculating interest, as if it had taken G11.7 Part 3 of this condition G11 applies where the special the seller receives in respect of loss or damage arising place on the next business day. conditions: after the contract date or assign to the buyer the benefit G6.6 Where applicable the contract remains in force following (a) so state; or of any claim; completion. (b) give no details of any arrears. and the buyer must on completion reimburse to the seller the G11.8 While any arrears due to the seller remain unpaid the buyer G7. NOTICE TO COMPLETE must: cost of that insurance (to the extent not already paid by the G7.1 The seller or the buyer may on or after the agreed completion buyer or a tenant or other third party) for the period from and (a) try to collect them in the ordinary course of management date but before completion give the other notice to complete but need not take legal proceedings or forfeit the tenancy; including the contract date to completion. within ten business days (excluding the date on which the G3.2 No damage to or destruction of the lot nor any deterioration notice is given) making time of the essence. (b) pay them to the seller within five business days of receipt in its condition, however caused, entitles the buyer to any in cleared funds (plus interest at the interest rate G7.2 The person giving the notice must be ready to complete. calculated on a daily basis for each subsequent day’s delay reduction in price, or to delay completion, or to refuse to G7.3 If the buyer fails to comply with a notice to complete the seller complete. in payment); may, without affecting any other remedy the seller has: (c) on request, at the cost of the seller, assign to the seller or G3.3 Section 47 of the Law of Property Act 1925 does not apply. (a) terminate the contract; G3.4 Unless the buyer is already lawfully in occupation of the lot as the seller may direct the right to demand and sue for (b) claim the deposit and any interest on it if held by a old arrears, such assignment to be in such form as the the buyer has no right to enter into occupation prior to stakeholder; completion. seller’s conveyancer may reasonably require; (c) forfeit the deposit and any interest on it; (d) if reasonably required, allow the seller’s conveyancer to G4. TITLE AND IDENTITY (d) resell the lot; and have on loan the counterpart of any tenancy against an G4.1 Unless condition G4.2 applies, the buyer accepts the title of (e) claim damages from the buyer. undertaking to hold it to the buyer’s order; the seller to the lot as at the contract date and may raise no G7.4 If the seller fails to comply with a notice to complete the buyer (e) not without the consent of the seller release any tenant requisition or objection except in relation to any matter that may, without affecting any other remedy the buyer has: or surety from liability to pay arrears or accept a surrender occurs after the contract date. (a) terminate the contract; and of or forfeit any tenancy under which arrears are due; and G4.2 If any of the documents is not made available before the (b) recover the deposit and any interest on it from the seller (f) if the buyer disposes of the lot prior to recovery of all auction the following provisions apply: or, if applicable, a stakeholder. arrears obtain from the buyer’s successor in title a (a) The buyer may raise no requisition on or objection to any covenant in favour of the seller in similar form to part 3 of G8. IF THE CONTRACT IS BROUGHT TO AN END of the documents that is made available before the this condition G11. If the contract is lawfully brought to an end: auction. G11.9 Where the seller has the right to recover arrears it must not (b) If the lot is registered land the seller is to give to the buyer (a) the buyer must return all papers to the seller and appoints without the buyer’s written consent bring insolvency within five business days of the contract date an official the seller its agent to cancel any registration of the proceedings against a tenant or seek the removal of goods copy of the entries on the register and title plan and, contract; and from the lot. where noted on the register, of all documents subject to (b) the seller must return the deposit and any interest on it which the lot is being sold. to the buyer (and the buyer may claim it from the G12. MANAGEMENT (c) If the lot is not registered land the seller is to give to the stakeholder, if applicable) unless the seller is entitled to G12.1 This condition G12 applies where the lot is sold subject to buyer within five business days an abstract or epitome of forfeit the deposit under condition G7.3. tenancies. G12.2 The seller is to manage the lot in accordance with its standard title starting from the root of title mentioned in the special G9. LANDLORD’S LICENCE conditions (or, if none is mentioned, a good root of title management policies pending completion. G9.1 Where the lot is or includes leasehold land and licence to G12.3 The seller must consult the buyer on all management issues more than fifteen years old) and must produce to the assign is required this condition G9 applies. buyer the original or an examined copy of every relevant that would affect the buyer after completion (such as, but not G9.2 The contract is conditional on that licence being obtained, by document. limited to, an application for licence; a rent review; a variation, way of formal licence if that is what the landlord lawfully surrender, agreement to surrender or proposed forfeiture of (d) If title is in the course of registration, title is to consist of requires. certified copies of: a tenancy; or a new tenancy or agreement to grant a new G9.3 The agreed completion date is not to be earlier than the date (i) the application for registration of title made to the tenancy) and: five business days after the seller has given notice to the buyer (a) the seller must comply with the buyer’s reasonable land registry; that licence has been obtained. (ii) the documents accompanying that application; requirements unless to do so would (but for the indemnity G9.4 The seller must: in paragraph (c)) expose the seller to a liability that the (iii) evidence that all applicable stamp duty land tax (a) use all reasonable endeavours to obtain the licence at the relating to that application has been paid; and seller would not otherwise have, in which case the seller seller’s expense; and may act reasonably in such a way as to avoid that liability; (iv) a letter under which the seller or its conveyancer (b) enter into any authorised guarantee agreement properly (b) if the seller gives the buyer notice of the seller’s intended agrees to use all reasonable endeavours to answer required. any requisitions raised by the land registry and to act and the buyer does not object within five business days G9.5 The buyer must: instruct the land registry to send the completed giving reasons for the objection the seller may act as the registration documents to the buyer. (a) promptly provide references and other relevant seller intends; and information; and (e) The buyer has no right to object to or make requisitions (c) the buyer is to indemnify the seller against all loss or on any title information more than seven business days (b) comply with the landlord’s lawful requirements. liability the seller incurs through acting as the buyer after that information has been given to the buyer. G9.6 If within three months of the contract date (or such longer requires, or by reason of delay caused by the buyer. G4.3 Unless otherwise stated in the special conditions the seller period as the seller and buyer agree) the licence has not been G13. RENT DEPOSITS sells with full title guarantee except that (and the transfer obtained the seller or the buyer may (if not then in breach of G13.1 This condition G13 applies where the seller is holding or shall so provide): any obligation under this condition G9) by notice to the other otherwise entitled to money by way of rent deposit in respect terminate the contract at any time before licence is obtained. (a) the covenant set out in section 3 of the Law of Property of a tenancy. In this condition G13 “rent deposit deed” means (Miscellaneous Provisions) Act 1994 shall not extend to That termination is without prejudice to the claims of either the deed or other document under which the rent deposit is matters recorded in registers open to public inspection; seller or buyer for breach of this condition G9. held. these are to be treated as within the actual knowledge of G10. INTEREST AND APPORTIONMENTS G13.2 If the rent deposit is not assignable the seller must on the buyer; and G10.1 If the actual completion date is after the agreed completion completion hold the rent deposit on trust for the buyer and, (b) the covenant set out in section 4 of the Law of Property date for any reason other than the seller’s default the buyer subject to the terms of the rent deposit deed, comply at the (Miscellaneous Provisions) Act 1994 shall not extend to must pay interest at the interest rate on the price (less any cost of the buyer with the buyer’s lawful instructions. any condition or tenant’s obligation relating to the state deposit paid) from the agreed completion date up to and G13.3 Otherwise the seller must on completion pay and assign its or condition of the lot where the lot is leasehold property. including the actual completion date. interest in the rent deposit to the buyer under an assignment COMMON AUCTION CONDITIONS (EDITION 3) REPRODUCED WITH THE CONSENT OF THE RICS

in which the buyer covenants with the seller to: G19.5 Where relevant: interest recovered from the tenant that relates to the seller’s (a) observe and perform the seller’s covenants and conditions (a) the documents must include certified copies of those period of ownership within five business days of receipt of in the rent deposit deed and indemnify the seller in respect under which the practitioner is appointed, the document cleared funds. of any breach; of appointment and the practitioner’s acceptance of G23.7 If a rent review is agreed or determined before completion but (b) give notice of assignment to the tenant; and appointment; and the increased rent and any interest recoverable from the (c) give such direct covenant to the tenant as may be required (b) the seller may require the transfer to be by the lender tenant has not been received by completion the increased rent by the rent deposit deed. exercising its power of sale under the Law of Property Act and any interest recoverable is to be treated as arrears. 1925. G14. VAT G23.8 The seller and the buyer are to bear their own costs in relation G19.6 The buyer understands this condition G19 and agrees that it to rent review negotiations and proceedings. G14.1 Where a sale condition requires money to be paid or other is fair in the circumstances of a sale by a practitioner. consideration to be given, the payer must also pay any VAT G24. TENANCY RENEWALS G20. TUPE that is chargeable on that money or consideration, but only if G24.1 This condition G24 applies where the tenant under a tenancy given a valid VAT invoice. G20.1 If the special conditions state “There are no employees to has the right to remain in occupation under part II of the G14.2 Where the special conditions state that no VAT option has which TUPE applies”, this is a warranty by the seller to this Landlord and Tenant Act 1954 (as amended) and references been made the seller confirms that none has been made by effect. to notices and proceedings are to notices and proceedings it or by any company in the same VAT group nor will be prior G20.2 If the special conditions do not state “There are no employees to completion. to which TUPE applies” the following paragraphs apply: under that Act. G24.2 Where practicable, without exposing the seller to liability or G15. TRANSFER AS A GOING CONCERN (a) The seller must notify the buyer of those employees whose contracts of employment will transfer to the buyer penalty, the seller must not without the written consent of G15.1 Where the special conditions so state: on completion (the “Transferring Employees”). This the buyer (which the buyer must not unreasonably withhold (a) the seller and the buyer intend, and will take all practicable notification must be given to the buyer not less than 14 or delay) serve or respond to any notice or begin or continue steps (short of an appeal) to procure, that the sale is days before completion. any proceedings. treated as a transfer of a going concern; and (b) The buyer confirms that it will comply with its obligations G24.3 If the seller receives a notice the seller must send a copy to (b) this condition G15 applies. under TUPE and any special conditions in respect of the the buyer within five business days and act as the buyer G15.2 The seller confirms that the seller Transferring Employees. reasonably directs in relation to it. (a) is registered for VAT, either in the seller’s name or as a (c) The buyer and the seller acknowledge that pursuant and G24.4 Following completion the buyer must: member of the same VAT group; and subject to TUPE, the contracts of employment between (a) with the co-operation of the seller take immediate steps (b) has (unless the sale is a standard-rated supply) made in the Transferring Employees and the seller will transfer to to substitute itself as a party to any proceedings; relation to the lot a VAT option that remains valid and will the buyer on completion. not be revoked before completion. (b) use all reasonable endeavours to conclude any (d) The buyer is to keep the seller indemnified against all proceedings or negotiations for the renewal of the tenancy G15.3 The buyer confirms that: liability for the Transferring Employees after completion. (a) it is registered for VAT, either in the buyer’s name or as a and the determination of any interim rent as soon as member of a VAT group; G21. ENVIRONMENTAL reasonably practicable at the best rent or rents reasonably (b) it has made, or will make before completion, a VAT option G21.1 This condition G21 only applies where the special conditions obtainable; and in relation to the lot and will not revoke it before or within so provide. (c) if any increased rent is recovered from the tenant three months after completion; G21.2 The seller has made available such reports as the seller has (whether as interim rent or under the renewed tenancy) (c) article 5(2B) of the Value Added Tax (Special Provisions) as to the environmental condition of the lot and has given account to the seller for the part of that increase that Order 1995 does not apply to it; and the buyer the opportunity to carry out investigations (whether relates to the seller’s period of ownership of the lot within or not the buyer has read those reports or carried out any (d) it is not buying the lot as a nominee for another person. five business days of receipt of cleared funds. investigation) and the buyer admits that the price takes into G24.5 The seller and the buyer are to bear their own costs in relation G15.4 The buyer is to give to the seller as early as possible before account the environmental condition of the lot. the agreed completion date evidence: to the renewal of the tenancy and any proceedings relating G21.3 The buyer agrees to indemnify the seller in respect of all to this. (a) of the buyer’s VAT registration; liability for or resulting from the environmental condition of (b) that the buyer has made a VAT option; and the lot. G25. WARRANTIES (c) that the VAT option has been notified in writing to HM G25.1 Available warranties are listed in the special conditions. Revenue and Customs; and if it does not produce the G22. SERVICE CHARGE G25.2 Where a warranty is assignable the seller must: relevant evidence at least two business days before the G22.1 This condition G22 applies where the lot is sold subject to agreed completion date, condition G14.1 applies at tenancies that include service charge provisions. (a) on completion assign it to the buyer and give notice of completion. G22.2 No apportionment is to be made at completion in respect of assignment to the person who gave the warranty; and G15.5 The buyer confirms that after completion the buyer intends service charges. (b) apply for (and the seller and the buyer must use all to: G22.3 Within two months after completion the seller must provide reasonable endeavours to obtain) any consent to assign (a) retain and manage the lot for the buyer’s own benefit as to the buyer a detailed service charge account for the service that is required. If consent has not been obtained by a continuing business as a going concern subject to and charge year current on completion showing: completion the warranty must be assigned within five with the benefit of the tenancies; and (a) service charge expenditure attributable to each tenancy; business days after the consent has been obtained. (b) collect the rents payable under the tenancies and charge (b) payments on account of service charge received from each G25.3 If a warranty is not assignable the seller must after VAT on them tenant; completion: G15.6 If, after completion, it is found that the sale of the lot is not (c) any amounts due from a tenant that have not been (a) hold the warranty on trust for the buyer; and a transfer of a going concern then: received; (b) at the buyer’s cost comply with such of the lawful (a) the seller’s conveyancer is to notify the buyer’s (d) any service charge expenditure that is not attributable to instructions of the buyer in relation to the warranty as do conveyancer of that finding and provide a VAT invoice in any tenancy and is for that reason irrecoverable. not place the seller in breach of its terms or expose the respect of the sale of the lot; G22.4 In respect of each tenancy, if the service charge account shows seller to any liability or penalty. (b) the buyer must within five business days of receipt of the that: VAT invoice pay to the seller the VAT due; and (a) payments on account (whether received or still then due G26. NO ASSIGNMENT (c) if VAT is payable because the buyer has not complied with from a tenant) exceed attributable service charge The buyer must not assign, mortgage or otherwise transfer this condition G15, the buyer must pay and indemnify the expenditure, the seller must pay to the buyer an amount or part with the whole or any part of the buyer’s interest under seller against all costs, interest, penalties or surcharges equal to the excess when it provides the service charge this contract. account; that the seller incurs as a result. G27. REGISTRATION AT THE LAND REGISTRY (b) attributable service charge expenditure exceeds payments G16. CAPITAL ALLOWANCES on account (whether those payments have been received G27.1 This condition G27.1 applies where the lot is leasehold and its G16.1 This condition G16 applies where the special conditions state or are still then due), the buyer must use all reasonable sale either triggers first registration or is a registrable that there are capital allowances available in respect of the endeavours to recover the shortfall from the tenant at the disposition. The buyer must at its own expense and as soon lot. next service charge reconciliation date and pay the as practicable: G16.2 The seller is promptly to supply to the buyer all information amount so recovered to the seller within five business days (a) procure that it becomes registered at Land Registry as reasonably required by the buyer in connection with the of receipt in cleared funds; proprietor of the lot; buyer’s claim for capital allowances. but in respect of payments on account that are still due from (b) procure that all rights granted and reserved by the lease G16.3 The value to be attributed to those items on which capital a tenant condition G11 (arrears) applies. under which the lot is held are properly noted against the allowances may be claimed is set out in the special conditions. G22.5 In respect of service charge expenditure that is not affected titles; and G16.4 The seller and buyer agree: attributable to any tenancy the seller must pay the (c) provide the seller with an official copy of the register (a) to make an election on completion under Section 198 of expenditure incurred in respect of the period before actual relating to such lease showing itself registered as the Capital Allowances Act 2001 to give effect to this completion date and the buyer must pay the expenditure proprietor. condition G16; and incurred in respect of the period after actual completion date. G27.2 This condition G27.2 applies where the lot comprises part of (b) to submit the value specified in the special conditions to Any necessary monetary adjustment is to be made within five a registered title. The buyer must at its own expense and as HM Revenue and Customs for the purposes of their business days of the seller providing the service charge respective capital allowance computations. account to the buyer. soon as practicable: (a) apply for registration of the transfer; G17. MAINTENANCE AGREEMENTS G22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure or a depreciation fund: (b) provide the seller with an official copy and title plan for G17.1 The seller agrees to use reasonable endeavours to transfer to the buyer’s new title; and the buyer, at the buyer’s cost, the benefit of the maintenance (a) the seller must pay it (including any interest earned on it) agreements specified in the special conditions. to the buyer on completion; and (c) join in any representations the seller may properly make G17.2 The buyer must assume, and indemnify the seller in respect (b) the buyer must covenant with the seller to hold it in to Land Registry relating to the application. of, all liability under such contracts from the actual accordance with the terms of the tenancies and to G28. NOTICES AND OTHER COMMUNICATIONS indemnify the seller if it does not do so. completion date. G28.1 All communications, including notices, must be in writing. G18. LANDLORD AND TENANT ACT 1987 G23. RENT REVIEWS Communication to or by the seller or the buyer may be given G18.1 This condition G18 applies where the sale is a relevant disposal G23.1 This condition G23 applies where the lot is sold subject to a to or by their conveyancers. for the purposes of part I of the Landlord and Tenant Act tenancy under which a rent review due on or before the actual G28.2 A communication may be relied on if: 1987. completion date has not been agreed or determined. (a) delivered by hand; or G18.2 The seller warrants that the seller has complied with sections G23.2 The seller may continue negotiations or rent review (b) made electronically and personally acknowledged proceedings up to the actual completion date but may not 5B and 7 of that Act and that the requisite majority of (automatic acknowledgement does not count); or qualifying tenants has not accepted the offer. agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, such (c) there is proof that it was sent to the address of the person G19. SALE BY PRACTITIONER consent not to be unreasonably withheld or delayed. to whom it is to be given (as specified in the sale G19.1 This condition G19 applies where the sale is by a practitioner G23.3 Following completion the buyer must complete rent review memorandum) by a postal service that offers normally to either as seller or as agent of the seller. negotiations or proceedings as soon as reasonably practicable deliver mail the next following business day. G19.2 The practitioner has been duly appointed and is empowered but may not agree the level of the revised rent without the G28.3 A communication is to be treated as received: to sell the lot. written consent of the seller, such consent not to be (a) when delivered, if delivered by hand; or G19.3 Neither the practitioner nor the firm or any member of the unreasonably withheld or delayed. (b) when personally acknowledged, if made electronically; firm to which the practitioner belongs has any personal G23.4 The seller must promptly: but if delivered or made after 1700 hours on a business day a liability in connection with the sale or the performance of the (a) give to the buyer full details of all rent review negotiations communication is to be treated as received on the next seller’s obligations. The transfer is to include a declaration and proceedings, including copies of all correspondence business day. excluding that personal liability. and other papers; and G28.4 A communication sent by a postal service that offers normally G19.4 The lot is sold: (b) use all reasonable endeavours to substitute the buyer for to deliver mail the next following business day will be treated (a) in its condition at completion; the seller in any rent review proceedings. as received on the second business day after it has been (b) for such title as the seller may have; and G23.5 The seller and the buyer are to keep each other informed of posted. (c) with no title guarantee; the progress of the rent review and have regard to any and the buyer has no right to terminate the contract or any proposals the other makes in relation to it. G29. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 other remedy if information provided about the lot is G23.6 When the rent review has been agreed or determined the No one is intended to have any benefit under the contract inaccurate, incomplete or missing. buyer must account to the seller for any increased rent and pursuant to the Contract (Rights of Third Parties) Act 1999. Going once... Auction dates:

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