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Great North Property Auction Great North Property Auction 120+ Estate Agent Branches covering: Northumberland Tyne & Wear County Durham Teesside North Yorkshire Lots in this Brochure: 62 Price Ranging From: £10,000 - £230,000 Live Auction Date: 25th July 2019 Register From: 18:30 Auction Starts: 19:00 Emirates Riverside Cricket Ground, Chester le Street, DH3 3QR 0191 2390 802 greatnorthpropertyauction.co.uk GREAT NORTH Great North SOLD BY AUCTION Property Auction EVNT CALNDAR 019 SOLD IN 22 DAYS 32 VIEWINGS South End, Osmotherley Cliffe Court, East Parade, Whitley Bay Start Bid £290,000 Start Bid £44,950 Sold £328,000 Sold £114,000 SOLD £25K OVER STARTING BID 13 VIEWINGS The Cottage, Nags Fold Farm, Durham Oak Tree Road, Bedale Start Bid £300,000 Start Bid £165,000 Sold £325,000 Sold £185,000 17 VIEWINGS 35 VIEWINGS GREAT NORTH PROPERTY AUCTION Firbank Avenue, North Shields Monkridge Gardens, Dunston, Gateshead Start Bid £230,000 Start Bid £63,000 Sold £251,000 Sold £81,000 2 3 VENUE AUCTION DAY PROCEDURE Before placing a bid we strongly advise that you provide a reservation fee or deposit. We will then carry out market research and due diligence on prepare the acknowledgement of reservation form Emirates Riverside Cricket Ground any property you are interested in bidding on. for you to sign using the details provided. Exchange Chester le Street Make sure to review any legal documents we may will aim to take place within 28 days, under the DH3 3QR have for the subject property. We recommend that supervision of your solicitor upon receipt of Draft before bidding you visually inspect the property Contract. Please do not leave the auction room Tel: 0191 387 1717 internally and are completely happy with what’s without paying your deposit or reservation fee and Visit: www.durhamccc.co.uk on offer. signing the relevant paperwork. Registration at 6.30pm Registration Auction begins at 7.00pm You will require photographic I.D. and proof of If The Lot You Want Is Unsold address to obtain a bidding paddle to enable you to If a lot fails to reach its reserve in the room and you bid at a property auction. If you intend to bid please wish to buy it, ensure you register your highest bid remember to bring with you your debit/credit card with us before you leave the room. We will contact or bankers draft for your Reservation Fee and the the vendor and ask them for their instructions and DIRECTIONS required identification. Please also bring the contact contact you if we think that a sale after the auction details of the solicitor you intend to use. is negotiable. Alternatively, call us in the office after From the A1(M) take exit 63 and follow the A167 towards Chester le Street. The venue should be sign posted the sale. from here, however, continue on the A167, Park Road North, over the first roundabout, past the BP/M&S Bidding For Your Lot garage. Take the first left at the next roundabout and turn on to Ropery Lane. At the next roundabout turn right, When the auctioneer announces your lot he will also Bidding Prior to the Auction 3rd exit. bring to your attention any last minute items which Any bid or registration of interest must be presented you should be aware of. He will read the full address to the vendor in real time which may lead to a of the property, so please double check before property being sold prior to the auction event. Buyers bidding that this is the lot that you are interested in. are urged to register their interest early to avoid any ATTEND FOR FREE The current lot number is usually displayed with a disappointment. If you require any assistance with photograph on screens at the front of the room. The finance or conveyancing then speak to a member of auctioneer will invite bids at a particular level and the auction team who will be happy to provide quotes If you don’t want to register to bid, but are interested in the auction process or potentially selling you can make this bid by raising your paddle, hand from our specialist panel. at auction, you can attend our events to see what it’s like. You can also ask our auction team any or catalogue. If you wish to make a bid other than the questions you may have, for example: auctioneer calls, please shout out your bid and the auctioneer may or may not accept it. The property will be ‘knocked down’ to the highest bidder – but Is my property suitable for auction? not until the auctioneer warns you by saying ‘going, Any type of property is suitable for sale by auction. Lots range from traditional residential properties from all going, gone’. Never delay until the last second with Remember! If you’re not planning to attend price ranges, style and condition, new-build development, tenanted investments, developments sites and all your bid – you may lose it. Remember, there may be the auction, but would like to bid by proxy or sectors of commercial property. Selling through auction is the preferred method of sale in the USA, Canada, 300+ people in the room and unless your bid is clear phone, you must fill and return the form in and in mainland Europe. the auctioneer may not see you. this catalogue or contact the team to pre-register on: If you are interested in selling by auction and would like to speak to someone sooner, don’t 0191 2390 802 hesitate to contact our Great North Auction team on 0191 2390 802. On The Fall Of The Hammer [email protected] If you are the successful bidder, a member of the auction team will approach you and ask you to follow them to the sales room. You will be asked to 4 5 OUR METHODS OF AUCTION PROOF OF IDENTIFICATION Modern Method of Auction Important notice! The Modern Method of Auction is different to All successful bidders must provide Proof of Identity Anyone attending our auction events and traditional auction procedures in the UK, in that it is and Proof of Address in order for us to comply with wishing to bid will be required to provide conditional. This means that the sale is not legally money laundering regulations. acceptable identification before being issued binding once a bid is accepted. The successful with a bidding paddle. bidder is required to pay a Buyers Reservation Fee/ Original documents must be provided. Deposit and sign a Reservation Agreement. The Photocopies are not accepted. property is then reserved to the buyer. The buyer TRADITIONAL AUCTION and seller are then required to unconditionally exchange contracts and complete the transaction within 56 days. MODERN AUCTION Proof of Identity Tick List Proof of Address Tick List Traditional Method of Auction This is an Unconditional Auction where on Current Signed Passport Current full UK Driving Licence** acceptance of an offer or on the fall of the (Provisional licenses not accepted). hammer the buyer will pay up to a 10% deposit and Current Full UK/EU Photo Card Driving Licence** exchange of contracts is immediate. Both parties A utility bill issued in the last three months (Not a mobile phone bill) are then legally bound to buy and sell. Traditional Current full UK Driving Licence** (old style)** Auctions are mainly used by the investment market (Provisional licenses not accepted). Local Authority tax bill (Current year) for properties that attract significant interest from Resident permit issued by the Home Office professional investors. The residential sector can to EU Nationals. Bank / Building Society / Credit Union find it harder to buy through a traditional auction statement containing current address. because there is a limited amount of time to put Inland Revenue Tax Notification. Most recent original mortgage statement finance in place, meaning many purchases through from a UK lender. a traditional auction are cash based. The Verdict Whilst the Traditional Auction is useful for disposing of investment stock to the investment market quickly and efficiently, the residential market requires more DEPOSITS / RESERVATION FEES than this. The Modern Method offers the ability to maximise the level of interest from a broad range of buyers, in turn creating the best sales price in the Deposits and /or fees will be accepted by one of current market but still benefiting from the security of the following methods: a non refundable reservation fee or deposit and a fixed date to move and sell. Banker’s Draft, Debit / Credit Cards. NO CASH OR CHEQUES WILL BE ACCEPTED We reserve the right to conduct a soft imprint online identification search on any successful buyer. ***Current full UK/EU driving license cannot be used to prove both ID and address. This document can only identify ID or address. 6 7 LOT LIST Great North Property Auction 31 9 Darwin Grove, Darlington, County Durham £55,000 Your Move Lot Address Starting Bid Agents 32 17 Hereford Court, Newcastle Upon Tyne, Tyne and Wear £100,000 Jan Forster Estates 01 63 Oakfield, Newton Aycliffe, County Durham £45,000 Northgate Estate Agents 33 77 Surrey Crescent, Consett, County Durham £40,000 Reeds Rains 02 6 Fleece Terrace, Edmondsley, Durham, County Durham £60,000 Your Move Chris Stonock 34 7 South View, Coundon, Bishop Auckland, County Durham £17,000 Robinsons 03 29 Escomb Road, Bishop Auckland, County Durham £75,000 Lifestyle Property 35 29 Seymour Street, Bishop Auckland, County Durham £32,500 Robinsons Former Central Borough Hotel & 7 Farrer Street, Hopetown Lane, 04 £110,000 Carver Commercial 36 43 Warwick Terrace, Sunderland, Tyne and Wear £40,000 Peter Heron Darlington, County Durham 05 60 Belgrave Street, Darlington, County Durham £50,000 Carver Residential 37 4 Ingleborough Lane, Ingleby Barwick, Stockton-on-tees, Cleveland £130,000 Robinsons
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