Catalogue 12/09/2018

LOCAL EXPERTISE | NATIONAL COVERAGE

PROPERTY AUCTION CATALOGUE ARDS AW WI A NN V E A R N •

WEDNESDAY 12 SEPTEMBER 2018 AT 2:00 pm P •

R A

E GROSVENOR HOUSE HOTEL, 86-90 PARK LANE, P Y E R E LONDON W1K 7TN T H Y T A F U O CT E ION HOUS

www.networkauctions.co.uk

00642_NA_Cover_SEPT 18.indd 3 20/08/2018 10:46 VENUE LOCATION

GROSVENOR HOUSE HOTEL 86-90 PARK LANE. LONDON W1K 7TN

Grosvenor House Hotel is located in Central London’s elegant Mayfair district, on world-famous Park Lane overlooking

Heathrow Express Hyde Park. at Paddington Station 3/4 mile This 5-star hotel was ﬁrst opened in 1929. It was meticulously restored to the highest standard before reopening as a JW Marriott hotel in 2008, and retains many historic touches, E D G W A including the original Lutyens wrought-iron gates that lead into R E R O A D our elegant forecourt. N E W B

O N D S T R E E T Directions The hotel is approximately Midway between Marble Arch

& Hyde Park Corner. The main entrance, however is on Park

Street (between upper Grosvenor Street and Mount Street) G R E E N S T which runs parallel to Park Lane in a one way direction

W O O D S M E W S towards Oxford Street. UPPER BROOK ST Nearest tube station: C U L R O S S S T Marble Arch

UPPER GROSVENOR TE RT S APRK ST www.marriott.co.uk

T 020 7871 0420 | E [email protected] www.networkauctions.co.uk

INTRODUCING THE AUCTION TEAM

Toby Limbrick FNAVA Guy Charrison FNAVA, FRICS Stuart Elliott FNAVA, MARLA [email protected] [email protected] [email protected]

Richard Worrall FNAVA Mark Limebear Denise Daniels [email protected] [email protected] [email protected]

00642_NA_Cover_SEPT 18.indd 4 20/08/2018 10:46 www.networkauctions.co.uk

ORDER OF SALE

WEDNESDAY 12 SEPTEMBER 2018 at 2:00 pm GROSVENOR HOUSE HOTEL, 86-90 PARK LANE, LONDON W1K 7TN

LOT ADDRESS LOT ADDRESS LOT ADDRESS 1 65 Outer Circle, Taunton, 15 27 Simmonds Rise, Hemel 29 33 Carbery Avenue, Bournemouth, Somerset, TA1 2BT Hempstead, Hertfordshire, HP3 9EA Dorset, BH6 3LN 2 Sunnyside, Cowley Hill Lane, 16 Land at Simmonds Rise, Hemel 30 Roadways at Aubrey Close, St. Helens, Merseyside, WA10 2AR Hempstead, Hertfordshire, HP3 9EA Dunstable, Bedfordshire, LU5 4PU 3 13 Newby Grove, Thornaby, Stockton- 17 Beechmoor, 10-12 Vansittart Road, 31 Land at Aylesbury Road, on-Tees, Cleveland, TS17 8BS Torquay, Devon, TQ2 5BW Rowsham, Aylesbury, 4 Le Chalet, Bickington Road, 18 28 Rutland Road, Bedford, Buckinghamshire, HP22 4RH Sticklepath, Barnstaple, Bedfordshire, MK40 1DG 32 Land at Aylesbury Road, Devon, EX31 2DB 19 142, 144 & 146 Wellington Road South, Rowsham, Aylesbury, 5 14 Summerﬁeld Close, Hounslow, Middlesex, TW4 5JH Buckinghamshire, HP22 4RH London Colney, St. Albans, 20 Land adjacent 91 Grove Park, Tring, Hertfordshire, AL2 1PT Hertfordshire, HP23 5JW 33 Brianolf Kennels, Station Road, Four Ashes, Wolverhampton, 6 21 Ouseland Road, Bedford, 21 Land at Russley Acres, Partridge West Midlands, WV10 7DG Bedfordshire, MK40 4NX Lane, Rusper, Horsham, West 7 260 Wollaton Road, Wollaton, Sussex, RH12 4RW 34 6 Midvale Road, Paignton, Nottingham, Nottinghamshire, 22 Plot 5 at Russley Acres, Partridge Devon, TQ4 5BD NG8 1GN Lane, Rusper, Horsham, 35 77 Talbot Walk, Church Road, 8 15 Hope Hall Terrace, Halifax, West Sussex, RH12 4RW Neasden, London, NW10 9HU West Yorkshire, HX1 2JX 23 Flats 1-10, 21 South Terrace, 36 The Explorer, Pym Street, Tavistock, 9 31 Millway Gardens, Northolt, Littlehampton, West Sussex, Devon, PL19 0AW Middlesex, UB5 5DX BN17 5PA 10 9 Boston Road, Ealing, 24 Land to the South of Cotton Lane, 37 Llifon, Dyffryn, Ardudwy, London, W7 3SJ Stone, Greenhithe, Kent, DA9 9BF Gwynedd, LL44 2BP 11 7A Widford Chase, Chelmsford, 25 20 Emerson Drive, Hornchurch, 38 74 Milton Avenue, Hornchurch, Essex, CM2 8SZ Essex, RM11 1XH Essex, RM12 4BW 12 76 & 76a St. Albans Road and 27 26 Cattle Shed and The Old Dairy, 39 46 Princes Road, Gravesend, Simmonds Rise, Hemel Hempstead, Milverton Road, Runnington, Kent, DA12 5JL Hertfordshire, HP2 4BA Wellington, Somerset, TA21 0QL 40 Whitehouse 3, Traynor Way, 13 76 & 76a St. Albans Road, Hemel 27 62-70 Victoria Street, Paignton, Whitehouse Business Park, Peterlee, Hempstead, Hertfordshire, HP2 4BA Devon, TQ4 5DS County Durham, SR8 2RT 14 Garden Studio, 76 St. Albans Road, 28 Land adjacent to, 112 John Street, Hemel Hempstead, Hertfordshire, Abercwmboi, Aberdare, HP2 4BA Mid Glamorgan, CF44 6BN

IMPORTANT NOTICE

Potential additional fees and costs payable by the buyer in addition to the purchase price Fixed or variable additional fees and costs may be payable by the buyer on top of the purchase price. These will include a buyer’s administration fee of £900 incl VAT and may include contributions towards the seller’s costs, documentation costs, ground rent, apportionment of rent or service charge, rent or service charge arrears, VAT, Stamp Duty Land Tax etc. To establish the full cost of purchasing a property please obtain your own independent advice and inspect the legal documentation, in particular the special conditions.

We are pleased to advise on all aspects of buying or selling at auction, please call us on 020 7871 0420 or email [email protected]

1 IMPORTANT NOTES FOR AUCTION BIDDERS

These notes and the Conditions of Sale of each lot are available at the auctioneers’ ofﬁce. Prospective buyers and their legal advisors should read them carefully. Both the auctioneers and their seller clients have taken all reasonable steps to ensure that the properties in this catalogue are fairly described and that every opportunity has been given to enable prospective buyers to make the necessary enquiries and investigations prior to the auction. Details of the seller’s solicitors are available upon request.

Deposit: A reserve price is the minimum price at twenty working days after the auction date, At auction the fall of the gavel creates a which the seller allows the auctioneers unless specified otherwise. binding contract and we, as auctioneers, to sell the lot at. It remains confidential immediately require a deposit of 10% of between the seller and the auctioneers. Administration Charge: the purchase price (subject to a minimum An administration charge of £900 incl of £2,500). This deposit can be paid by Fixed or variable additional fees and VAT applies to each lot. This is paid by cheque, banker’s draft, debit card or costs may be payable by the buyer on the buyer in the saleroom immediately credit card. Payments by cash cannot top of the purchase price: after the lot has been ‘knocked down’. be accepted. These will include a buyer’s administration In the event of non-payment of the fee of £900 incl VAT and may include administration charge a deduction of £900 Telephone, Proxy and Internet Bidding: contributions towards the seller’s costs, incl VAT will be made from the buyer’s We are pleased to be able to offer remote documentation costs, ground rent, deposit and this will need to be ‘made up’ bidding to anyone who is unable to attend apportionment of rent or service charge, by the buyer prior to completion. the saleroom. Remote bidding can be rent or service charge arrears, VAT, Stamp by telephone, proxy and at our London Duty Land Tax etc. To establish the full Legal Documents & Additional Costs: saleroom by internet. Please download cost of purchasing a property please It is essential that bidders check the legal and complete the remote bidding form that obtain your own independent advice documents prior to bidding and take is available on our website. Please note and inspect the legal documentation, in professional advice. Special conditions this form must be delivered to our office particular the special conditions. no later than twenty four hours prior to the of sale can contain additional costs (that auction and must be accompanied by Particulars of Sale: is costs over and above the price that the identification documents, the 10% deposit Bidders should check the particulars lot is ‘knocked down’ at) and bidders are and the auctioneers’ administration fee. relating to any lot for which they intend to deemed to be aware of any additional bid and ensure that they are satisfied with costs prior to bidding. Prior Sales & Withdrawn Lots: the accuracy of all measurements, areas, Prospective buyers should contact us details, leases and other matters referred to Rents, Information Regarding Tenants prior to the auction to confirm whether a in the particulars of the lot or the conditions & Price Estimates: lot has been sold or withdrawn. We and of sale and all other matters subject to Any estimates provided by the auctioneers our clients shall not be responsible for which the properties are sold or have the regarding the price at which a property any losses or abortive costs incurred by benefit of. Bidders should check that any may be sold cannot be accepted by a prospective buyers against lots that are contents, fixtures or fittings described as buyer as advice or any form of valuation. withdrawn or sold prior to the auction. included in the sale and are the property Any estimates or suggestions given by of the seller. This should be done by the auctioneers regarding current or future Definition of ‘Guide Price’ & inspecting the property and by making the rental prices must not be relied upon as ‘Reserve Price’: necessary enquiries with the auctioneers, a valuation, but merely as estimates for A guide price is an indication of the seller’s the seller or the sellers’ solicitors. Bidders guidance purpose only. current minimum acceptable sale price. should make all necessary searches and The guide price, or range of guide prices, is enquiries of appropriate bodies including Addendum & Auctioneer’s given to assist interested parties in deciding local authorities and service providers. All Announcements: whether or not to pursue their interest. It measurements and areas referred to in the Amendments to the catalogue particulars is usual, but not always the case, that a particulars are approximate. Bidders will be or conditions of sale (addendum) will be provisional reserve price is set by the seller considered to have inspected the relevant displayed in the saleroom and will be read prior to the catalogue being published. As property and have made all necessary and by the Auctioneer at the commencement the reserve price may not be fixed at this appropriate enquiries and searches. stage, and can be adjusted by the seller at of the auction. Addendum form part of any time prior to auction, a guide price is Sale of Property & Completion: the contract of sale and the addendum published. This guide price can be shown Bidders should note that a legally sheet may have to be signed by the buyer. as a range of prices above which the enforceable contract of sale of the relevant Bidders are deemed to be aware of any reserve price will not be set, or as a single property on the terms set out in these addendum and any other announcements figure within 10% of which the reserve price notices and the general and special made by the Auctioneer, and bid will be set. Both the guide price and reserve conditions of sale is created as soon as subject to these. It is important therefore price can be subject to change at any time it has been ‘knocked down’ to the bidder to arrive at the saleroom prior to the prior to the auction commencing. by the auctioneer. Completion is required commencement of the auction.

2 www.networkauctions.co.uk

IDENTIFICATION DOCUMENTS

MONEY LAUNDERING REGULATIONS New Money Laundering Regulations came into force on 26th June 2017. Auctioneers are now required to verify the identity of all bidders before the auction. If you are intending to bid either as a private individual or on behalf of a company the following documentation must be provided and veriﬁed.

ID REQUIRED FOR PRIVATE INDIVIDUALS One document must be provided from both List A & B

LIST A: IDENTITY LIST B: PROOF OF ADDRESS 1 Current signed passport 1 Utility bill (gas, electric, satellite television, landline phone bill) 2 Current UK or EEA photocard driving licence issued within the last three months 3 Full old-style driving licence 2 Local authority council tax bill for the current council tax year 4 Original birth certificate (UK birth certificate issued within 3 Current UK driving licence (but only if not used for the 12 months of the date of birth in full form including those name evidence) issued by UK authorities overseas such as Embassies 4 Bank, Building Society or Credit Union statement or passbook High Commissions and HM Forces) dated within the last three months 5 Residential permit issued by the Home Office to EU nationals 5 Original mortgage statement from a recognised lender issued 6 Firearms certificate for the last full year 7 EEA member state identity card (which can also be used as 6 Council or housing association rent card or tenancy evidence of address if it carries this) agreement for the current year 8 Photographic registration cards for self-employed individuals 7 HMRC self-assessment letters or tax demand dated within in the construction industry -CIS4 the current financial year 9 National identity card bearing a photograph of the applicant

ID REQUIRED FOR COMPANIES One document must be provided from both List A & B

LIST A: IDENTITY LIST B: IDENTITY OF COMPANY INDIVIDUAL 1 Copy of certificate of incorporation One document must be provided from both List A & B as 2 Registered address stated for ‘Private Individuals’ above. 3 Trading address This will apply to: 4 Copy of filed audited accounts 1 The individual dealing with the transaction 5 Details of current company officers (i.e. directors and 2 All individuals or entities with 25% or more of the shares or company secretary) and shareholders voting rights in the company. 6 If the company (including a UK LLP) is listed on a regulated market such as the London Stock Exchange, then a copy of a dated page from the website of the relevant stock exchange is required & photocopy of the listing in a reputable daily newspaper

All certiﬁed ID can be sent to [email protected]. Please note if we’re not fully satisﬁed we will be unable to proceed with the transaction

PRE-AUCTION OFFERS

Pre-auction offers must be submitted in writing to the Auctioneers’ ofﬁce by letter or e.mail, including name, address, telephone number and details of solicitors. Any pre-auction offer received is assumed to be a ‘best offer’ and no guarantee is given that there will be an opportunity to increase or review the offer should it not be accepted or should a better offer be received. Pre-auction offers can only be considered on the basis of an exchange of contracts prior to auction with a 10% deposit and payment of the auctioneers’ administration fee. If an offer is accepted the lot will not be withdrawn from the catalogue or advertising programme until exchange of contracts has taken place.

3 LOT TAUNTON *GUIDE PRICE: 1 65 OUTER CIRCLE, SOMERSET, TA1 2BT £60,000 - £70,000

A 2 bedroom semi detached house requiring modernisation - Freehold - Vacant Description / Location: The property requires modernisation throughout and is within easy reach of the town centre with its excellent range of shops and leisure facilities. Taunton railway station is approximately 1 mile distant and Junction 25 of the M5 motorway approximately 2 miles. Accommodation: Ground floor: Entrance hall, living room, kitchen, store, outer lobby. First floor: 2 bedrooms, bathroom. Outside: Off street parking, enclosed front garden, rear garden. Tenure: Freehold Awaiting EPC rating Auctioneers note: At the time of signing the auction contract the successful purchaser will pay the auctioneers £1,140 (£950 plus vat) towards the sellers auction costs. To View: Please contact Gibbins Richards on 01823 332828. Local Authority: Taunton Deane Borough Council 01823 356356 www.tauntondeane.gov.uk

4 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT ST. HELENS *GUIDE PRICE: 2 SUNNYSIDE, COWLEY HILL LANE, MERSEYSIDE, WA10 2AR £180,000+

An attractive, 4 bedroom / 2 bathroom house ( 2163 sq ft, source EPC) requiring repair and occupying a plot of 0.16 acres, an adjoining garage and driveway are included and held on a separate leasehold title. Development potential, vacant. Description / Location: The house retains many original features including fireplaces and panelled walls. The property is in need of repair, a structural engineers report dated 29/02/2018 is available on request. Potential to create a grand family house or convert the building to apartments subject to planning. Overlooking the Victoria Park open space, St Helens Central Station 0.8 miles. Accommodation: Ground Floor: Entrance hall, sitting room, kitchen, lounge, dining room, inner hall, utility room, cloakroom/wc. First Floor: Landing, 4 double bedrooms, shower room, bathroom. Outside: The plot extends to 0.16 acres and comprises paved frontage with parking and a rear garden. Leasehold garage and driveway, the building above the garage is not included in the demise. Tenure: House and gardens are freehold, garage and driveway are leasehold for 999 years from 16/03/2004. To View: Network Auctions - 020 7871 0420 Local Authority: St Helens Council 01744 676789 sthelens.gov.uk

5 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. Number 1 Sea View, or the whole avenue? No matter who you are, our common sense approach makes Buy-to-Let simple.

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800131_BTL_297x210 PRESS Auction AUG.indd 1 19/06/2018 14:10 LOT STOCKTON-ON-TEES *GUIDE PRICE: 3 13 NEWBY GROVE, THORNABY, CLEVELAND, TS17 8BS £40,000+

By order of the mortgagees in possession A 3 bedroom mid terrace house (990 sq ft, source EPC) with gardens and off street parking, vacant. Description / Location: The property is situated in an established residential location and benefits from double glazed windows and gas heating via radiators. Accommodation: Ground Floor: Entrance hall, living room, kitchen / breakfast room, bathroom. First Floor:Landing, 3 bedrooms. Outside: Front garden and driveway, rear garden. Energy Rating: E/46 Tenure: Freeehold To View: Network Auctions - 020 7871 0420 Local Authority: Stockton on Tees Borough Council 01642 393939 www.stockton.gov.uk

7 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT BARNSTAPLE *GUIDE PRICE: LE CHALET, BICKINGTON ROAD, STICKLEPATH, DEVON, £245,000+ 4 EX31 2DB

Freehold Investment - A former care home occupying a site of approx. 0.33 acres with the potential to upgrade or develop the site as a residential scheme, subject to any necessary planning consents - Vacant Description / Location: The property is situated on the busy A3125 arterial route approximately 0.9 miles from Barnstaple town centre. Run as a care home up until August 2018 with 12 bedrooms to the ground floor and a 2 bedroom managers apartment to the first floor. The property offers the opportunity to be upgraded and continue in its current form or, developed into residential accommodation subject to planning. Accommodation: Ground floor: Entrance hall, lounge, conservatory, dining room, kitchen, office, 12 residents bedrooms, 2 bathrooms, boiler room. First floor: 2 bedrooms, lounge, kitchen, bathroom. Outside: In total the site extends to approximately 0.33 acres. Tenure: Freehold EPC rating D/79 AUCTIONEERS NOTE: The successful purchaser will pay 1% plus vat of the purchase price to the auctioneers at the time of signing the contract towards to the sellers auction costs. To View: Charles Darrow Network Auctions on 01271 321122 Local Authority: North Devon Council 01271 327711 www.northdevon.gov.uk

8 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. BARNSTAPLE LE CHALET, BICKINGTON ROAD, DEVON, EX31 2DB Continued...

9 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT ST. ALBANS *GUIDE PRICE: 14 SUMMERFIELD CLOSE, LONDON COLNEY, HERTFORDSHIRE, £700,000+ 5 AL2 1PT

Freehold development opportunity - a beautifully presented 3 bedroom semi detached house occupying a plot of 0.22 acres. Outline planning consent for a further 2 x 3 bedroom semi detached dwellings. Description / Location: Situated in a sought after, established residential area facing a green. Outline planning granted by St Albans City Council Ref: 5/2017/3659 on 01/05/2018 to retain the existing dwelling and create a further 2 x 3 bedroom semi detached houses. Potential for planning gains utilising the loft voids, extension within permitted development legislation or an alternative scheme to create flats subject to planning. The house has been refurbished to a very high standard, features include a Megaflow gas heating system, double glazed windows, a contemporary fitted kitchen with integrated appliances and a refitted bathroom. Accommodation: Ground Floor: Entrance hall, living room, kitchen / dining room. First Floor: Landing, 3 bedrooms, bathroom. Outside: Gardens front and rear, driveway, garage and outbuildings. Energy Rating: C/70 Tenure: Freehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: St Albans City and District Council 01727 866100 www.stalbans.gov.uk

10 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. ST. ALBANS 14 SUMMERFIELD CLOSE, HERTFORDSHIRE, AL2 1PT Continued...

11 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT BEDFORD *GUIDE PRICE: 6 21 OUSELAND ROAD, BEDFORDSHIRE, MK40 4NX £160,000+

Freehold - A detached 3 bedroom property requiring modernisation and repair with potential to extend subject to any necessary planning consents - Vacant Description / Location: The property is situated approximately 0.6 miles from Bedford railway station with regular trains to London St. Pancras. Bedford Hospital South Wing and the town centre are also easily accessible. Accommodation: Ground floor: Entrance hall, living room, dining room, kitchen. First floor: 3 bedrooms, bathroom. Outside: Potential parking for a small car to the front, rear garden. Tenure: Freehold EPC rating G/9 To View: Please contact Lane & Holmes Network Auctions on 01234 327744 Local Authority: Bedford Borough Council 01234 267422 www.bedford.gov.uk

12 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT NOTTINGHAM *GUIDE PRICE: 260 WOLLATON ROAD, WOLLATON, NOTTINGHAMSHIRE, £170,000 - £180,000 7 NG8 1GN

A traditional style, 3 bedroom / 2 bathroom detached house (1367 sq ft, source EPC) with gardens and parking. The property has been refurbished but requires repair, vacant. Description / Location: The house is situated in a sought after residential area, convenient for the city centre and within the Fernwood School catchment area. The accommodation layout has been reconfigured to provide 2 bedrooms and 2 bathrooms to the first floor with a third bedroom in the loft. The property shows signs of cracking to internal and external walls, a structural engineers report dated 26/06/2018 and a ground stability report dated 11/07/2018 are available on request from the auctioneers. Accommodation: Ground Floor: Entrance hall with cloakroom, living room, dining room, kitchen. First Floor: Landing, master bedroom with en-suite bathroom, double bedroom, family bathroom. Second Floor: Bedroom. Outside: Gardens front and rear. Tenure: Freehold To View: Network Auctions - 020 7871 0420 Local Authority: Nottingham City Council 0115 915 5555 www.nottinghamcity.gov.uk

13 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HALIFAX *GUIDE PRICE: 15 HOPE HALL TERRACE, WEST YORKSHIRE, HX1 2JX £60,000 - £65,000 8 ERV: £5400 pa

A spacious 3 storey town house (957 sq ft, source EPC) with accommodation across 3 floors plus cellar, ideal rental investment or first time purchase. Freehold, vacant. Description / Location: An attractive stone built terraced house ideally situated on the edge of the town centre, Halifax Station 0.3 miles. The house is presented in habitable order and will be of interest to both investors and owner occupiers. The house was recently let at £450 pcm. Accommodation: Ground Floor: Entrance porch, living room, kitchen / dining room. Basement: Cellar storage. First Floor: Landing, 2 bedrooms, bathroom. Second Floor: Large bedroom. Outside: Courtyard garden. Energy Rating: D/55 Tenure: Freehold To View: Please contact Clive Slade Network Auctions on 07463 206666. Local Authority: Calderdale Council 0845 245 6000 www.calderdale.gov.uk

14 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT NORTHOLT *GUIDE PRICE: 9 31 MILLWAY GARDENS, MIDDLESEX, UB5 5DX £245,000+

A spacious and well presented 2 bedroom first floor maisonette (678 sq ft, source EPC) with a private garden, vacant. Description / Location: Ideally situated in a small cul-de-sac close to local amenities, Northolt tube 0.4 miles. Features include gas heating via radiators, double glazing to the front aspect and a fitted kitchen, there is a private garden to the rear. Accommodation: Ground Floor: Private entrance and front door to hallway, stairs to first floor. First Floor: Entrance hall, living room, kitchen, 2 bedrooms, bathroom. The property benefits from a loft. Outside: Private garden to the rear. Energy Rating: D/57 Tenure: Leasehold: 125 years from 31/03/1995 To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Ealing Council 020 8825 5000 www.ealing.gov.uk

15 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT EALING *GUIDE PRICE: 10 9 BOSTON ROAD, LONDON, W7 3SJ £485,000+

Rarely available in this location, a mixed use freehold development opportunity comprising a 3 storey building arranged as ground floor commercial space with potential to create apartments at lower ground floor and first floor levels subject to planning, vacant. Description / Location: Situated in a sought after location close to Ealing Hospital and the future Crossrail train services at Hanwell Station. Neighbouring properties have been extended, there is good potential to extend to the rear creating further residential and commercial accommodation (subject to planning). Accommodation: Lower ground floor: 2 rooms, w.c. and cloakroom. Ground floor: Glazed shop front to trade area. First floor: Landing with loft access, 2 rooms. Outside: Rear yard, 28 ft depth. Energy Rating: E/106 Tenure: Freehold To View: Please contact Rolfe East Commercial Network Auctions on 020 8566 0288 Local Authority: London Borough of Ealing 020 8825 5000. www.ealing.gov.uk

16 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT CHELMSFORD *GUIDE PRICE: 11 7A WIDFORD CHASE, ESSEX, CM2 8SZ £110,000 - £115,000

By order of a housing association For development - a large ground floor studio apartment (421 sq ft) with a private rear garden. The property requires refurbishment and provides potential to reconfigure the accommodation to create a 1 bedroom layout. Description / Location: Widford Chase is a no through road off London Road, approximately 1 mile from Chelmsford City Centre, Chelmsford Station 1.2 miles. The current layout comprises a living room / bedroom, a large kitchen / dining room and bathroom, we believe there is potential to rearrange the accommodation and create a 1 bedroom layout. The property also benefits from a private rear garden and there is potential to extend subject to the necessary consents. Accommodation: Ground Floor: Living room / bedroom, kitchen, bathroom. Outside: Rear garden. Energy Rating: C/71 Tenure: Leasehold - 125 years To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk

17 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HEMEL HEMPSTEAD *GUIDE PRICE: 76 & 76A ST. ALBANS ROAD AND 27 SIMMONDS RISE, £535,000+ 12 HERTFORDSHIRE, HP2 4BA

A freehold development site comprising a 3 bedroom semi detached house with consent for a 4m single storey extension, a separate garden studio and planning for 2 additional dwellings. The 3 dwellings will have private gardens and off street parking. Potential for further development, vacant. Description / Location: The property is ideally situated close to the town centre. Planning granted by Dacorum Borough Council Ref: 4/03155/17/FUL on 15/03/2018 for a 2 storey detached, contemporary style house (27 Simmonds Rise) and Ref: 4/02444/16/FUL on 02/11/2016 for an attached 2 storey house (76a St Albans Road) and a 4m single storey extension of the existing house. Works have commenced including the construction of 4.5m depth piling (the seller has confirmed this work has been inspected by building control). There is an opportunity for further development converting the existing house and new attached dwelling to 4 flats and conversion of the studio to a dwelling subject to planning. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Dacorum Borough Council Telephone: 01442 228000 www.dacorum.gov.uk

18 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. HEMEL HEMPSTEAD 76 & 76A ST. ALBANS ROAD AND 27 SIMMONDS RISE, Continued... HERTFORDSHIRE, HP2 4BA

19 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HEMEL HEMPSTEAD *GUIDE PRICE: 13 76 & 76A ST. ALBANS ROAD, HERTFORDSHIRE, HP2 4BA £435,000+

A freehold development site comprising a 3 bedroom semi detached house with consent for a 4m single storey rear extension and planning for an additional 2 storey dwelling to the side. Description / Location: Planning granted by Dacorum Borough Council Ref: 4/02444/16/FUL on 02/11/2016 to extend the existing house and create an additional 2 storey dwelling. There is an opportunity to utilise the 2 buildings and create flats subject to the necessary consents. The seller has advised the auctioneers that 4.5m depth piles are already in situ on which a capping beam will support the flank wall of the new dwelling and that this work has been inspected by building control. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Dacorum Borough Council Telephone: 01442 228000 www.dacorum.gov.uk

20 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HEMEL HEMPSTEAD *GUIDE PRICE: GARDEN STUDIO, 76 ST. ALBANS ROAD, HERTFORDSHIRE, £35,000+ 14 HP2 4BA Detached, single storey garden studio with development potential, vacant. Description / Location: The building is constructed from double width block work walls and membrane, it is roofed and requires some completion work. The 2 room layout could provide a living space and bathroom subject to any necessary consents, water pipes run from the proposed bathroom to outside the building ready for onward connection to the mains.

The Lot will be offered on a first refusal basis to the buyer of Lot 13 in accordance with Plan 1 at a fixed price of £30,000. If not sold it will be offered to the buyer of Lot 15 at a fixed price of £35,000. If not sold it will be offered by public auction following Lot 16 at a guide of £35,000+ on the condition Lot 13 and/or 15 have been sold. See legal pack confirming the right of way with access from Simmonds Rise. To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Dacorum Borough Council Telephone: 01442 228000 www.dacorum.gov.uk

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21 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HEMEL HEMPSTEAD *GUIDE PRICE: 15 27 SIMMONDS RISE, HERTFORDSHIRE, HP3 9EA £95,000+

A freehold plot with planning consent for the erection of a detached, 2 storey contemporary house. Description / Location: Simmonds Rise is a cul-de-sac of semi detached and detached dwellings close to the town centre. Planning was granted by Dacorum Borough Council Ref: 4/03155/17/FUL on 15/03/2018. Accommodation: Ground Floor: Hall, living room and kitchen, cloakroom/wc. Lower Ground Floor: Double bedroom, bathroom. Outside: Gardens. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Dacorum Borough Council Telephone: 01442 228000 www.dacorum.gov.uk

22 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HEMEL HEMPSTEAD *GUIDE PRICE: 16 LAND AT SIMMONDS RISE, HERTFORDSHIRE, HP3 9EA £10,000+ Freehold land comprising a parking area and potential access to future development sites (subject to the usual consents). Description / Location: The land is situated in a cul-de-sac of residential properties and comprises a valuable parking area that may also provide future access to a potential development site (ransom strip, subject to planning) formed by gardens to the rear of 4 and 8 Bassil Road and additional land providing access to the site at 27 Simmonds Rise.

Auctioneers Note: The land will be offered on a first refusal basis to the buyer of Lot 15 at a fixed price of £10,000. To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Dacorum Borough Council Telephone: 01442 228000 www.dacorum.gov.uk

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Domestic EPCs For quotes contact us: from £40 +VAT 0207 871 0420 Commercial EPCs [email protected] from £95 +VAT

23 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT TORQUAY *GUIDE PRICE: BEECHMOOR, 10-12 VANSITTART ROAD, DEVON, TQ2 5BW £795,000+ 17 Current rent £112,665

Freehold Investment A substantial detached property (5,188 sq.ft. - source EPC) currently arranged as a 20 bedroom HMO with a separate 2 bedroom flat. Description / Location: The property is located in a quiet residential area and has been recently refurbished to a high standard. Tenancies are all Assured Shorthold and are let to professional individuals. The property is within easy reach of Torbay Hospital, Torre station and the town centre. Accommodation: Lower ground floor: 2 bedroom flat Ground floor: Rooms 1 - 10, sun lounge, communal kitchen/dining room, boiler room. First floor: Rooms 11 - 20, communal bathroom, kitchen washing area. Tenure: Freehold EPC rating E/105 AUCTIONEERS NOTE: The successful purchaser will pay 1% plus vat of the purchase price to the auctioneers at the time of signing the contract towards to the sellers auction costs. To View: Please contact Charles Darrow Network Auctions on 01626 330022 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk

24 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. TORQUAY BEECHMOOR, 10-12 VANSITTART ROAD, DEVON, TQ2 5BW Continued...

25 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT BEDFORD *GUIDE PRICE: 18 28 RUTLAND ROAD, BEDFORDSHIRE, MK40 1DG £230,000+

Freehold investment - A substantial 3 storey property currently arranged as 3 x 1 bedroom and 2 x studio flats requiring complete refurbishment - Vacant Description / Location: Each flat has separate electric meters. The property has a communal garden, a cellar and is located close to the town centre and mainline railway station. Accommodation: Ground floor: Flat 1 - (441 sq.ft, source EPC) potential living room/kitchen area, separate bedroom, wc/bathroom. EPC rating E/48 Ground floor Flat 2 - (280 sq.ft, source EPC) 2 interlinking rooms, wc/bathroom, own rear access. EPC rating E/39 First floor: Flat 3 - (420 sq.ft, source EPC) living room/kitchen area, bedroom, bathroom. EPC rating E/46 First floorFlat 4 - (290 sq.ft, source EPC) living room/kitchen area, bedroom, bathroom. EPC rating D/55 Second floor: Flat 5 - (312 sq.ft, source EPC) Open plan bed/sitting room, space for bathroom. EPC rating D/57 Tenure: Freehold To View: Please contact Lane & Holmes Network Auctions on 01234 327744 Local Authority: Bedford Borough Council 01234 267422 www.bedford.gov.uk

26 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HOUNSLOW *GUIDE PRICE: 142, 144 & 146 WELLINGTON ROAD SOUTH, MIDDLESEX, £1,100,000 - £1,200,000 19 TW4 5JH Current Rent: £56,400 pa

A freehold site of 0.22 acres comprising 3 buildings arranged as 4 x 1 bedroom flats and an end terrace house, all let producing £56,400 pa, potential for redevelopment of the site. Description / Location: The site includes the existing dwellings, their gardens and an additional yard to the rear. It is situated in a residential street close to the junction of Wellington Road South & Staines Road with excellent transport links including Hounslow Central tube 0.7 miles. Hounslow High Street is nearby. We believe there is good potential for replacement of the existing buildings with a block of apartments subject to planning. The 3 buildings are held on separate titles being sold as one lot. The flats are all let on AST's at £900 pcm each, the house is let on an AST at £11,000 pcm. Planning consent was granted to extend 146 Wellington Road South, work has commenced and the walls have been built, the extension requires completion. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: London Borough of Hounslow 020 8583 5555 www.hounslow.gov.uk

27 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOCAL EXPERTISE | NATIONAL COVERAGE

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020 7871 0420 | [email protected] 31 LOT TRING *GUIDE PRICE: 20 LAND ADJACENT 91 GROVE PARK, HERTFORDSHIRE, HP23 5JW £12,000+

A freehold parcel of land, equivalent to 0.14 acres within a residential road, development potential subject to planning, vacant. Description / Location: The land is adjacent to dwellings in an established residential area, it measures approximately 140 ft x 40 ft. Potential for a variety of uses and development options subject to the necessary consents. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Decorum Borough Council 01442 228000 www.decorum.gov.uk

30 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HORSHAM *GUIDE PRICE: LAND AT RUSSLEY ACRES, PARTRIDGE LANE, RUSPER, WEST £975,000+ 21 SUSSEX, RH12 4RW

A unique woodland freehold development site totaling 4.78 acres with planning consent for the erection of 4 x 3 bed/3 bath detached dwellings of 2,204 sq.ft. each. Description / Location: Planning was granted by Mole Valley District Council, ref MO/2017/1304, on 05/12/2017 for "the erection of 4 x residential dwellings following removal of existing commercial stabling facility and 3 mobile homes". In total the site measures 4.78 acres and is within easy reach of both Gatwick Airport and Crawley.

AUCTIONEERS NOTE: On the site plan the area of the site is defined by the red hatched area and the hatched blue area shows the access to the development. Accommodation: Plot 1: 2,204 sq.ft. dwelling with 0.22 acres Plot 2: 2,204 sq.ft. dwelling with 0.45 acres Plot 3: 2,204 sq.ft. dwelling with 1.6 acres Plot 4: 2,204 sq.ft. dwelling with 2.5 acres Tenure: Freehold To View: Please contact Power Bespoke Network Auctions on 01737 246777 Local Authority: Mole Valley District Council 01306 885 001 www.molevalley.gov.uk

31 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HORSHAM *GUIDE PRICE: PLOT 5 AT RUSSLEY ACRES, PARTRIDGE LANE, RUSPER, WEST £95,000+ 22 SUSSEX, RH12 4RW

Freehold development site totaling 0.62 Acres with planning consent for the erection of a detached dwelling of 1,076 sq.ft. with parking and gardens. Description / Location: Planning permission was granted by Mole Valley District Council ref. MO/2017/1314 on 05/12/2017.

AUCTIONEERS NOTE: On the site plan the site is defined by the shaded purple area and the hatched blue area shows the access to the development. Accommodation: Planning granted for 1 x single storey, detached dwelling of 1076 sq. ft. The total site area is 0.62 acres Tenure: Freehold To View: Please contact Power Bespoke Network Auctions on 01737 246777 Local Authority: Mole Valley District Council 01306 885 001 www.molevalley.gov.uk

32 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT LITTLEHAMPTON GUIDE PRICE: FLATS 1-10, 21 SOUTH TERRACE, WEST SUSSEX, BN17 5PA £625,00 - £650,000 23 Current Rent: £54,576 pa

A 5 storey freehold building comprising 8 x 1 bedroom and 2 x studio apartments with sea views to the front, 9 flats are let on AST's producing £4548 pcm, 1 flat is sold off on a lease. The property is situated at the junction of South Terrace and Norfolk Road with uninterrupted front facing views across East Beach Green open space to the sea beyond. The 10 self contained apartments are arranged across the lower ground, ground, first, second and third floors, we are advised that apartments 3,4,5,6 and 7 were completely refurbished in 2015. Apartment 2 has been sold on a lease for 99 years from 01/04/1986 producing ground rent of £75 pa. Accommodation: Lower Ground Floor: No. 10 - 1 bed, No. 9 - studio. Ground Floor: No.1 - studio, No. 2 - 1 bed. First Floor: No.3 - 1 bed, No. 4 - 1 bed. Second Floor: No. 5 - 1 bed, No. 6 - 1 bed. Third Floor: No.7 - 1 bed, No. 8 - 1 bed. Apartments 2, 4, 6 and 8 enjoy sea views. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Arun District Council 01903 737500 www.arun.gov.uk

33 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT GREENHITHE *GUIDE PRICE: LAND TO THE SOUTH OF COTTON LANE, STONE, KENT, £25,000 - £30,000 24 DA9 9BF

© Crown copyright and database rights 2018 OS 100047514 A freehold site of 0.12 acres with consent for 2 x 2 bedroom apartments pending, vacant. Description / Location: The site is adjacent to Warner House and 2 cottages facing Cotton Lane with direct access from the highway. A planning application for 2 x 2 bedroom maisonettes is currently lodged with Kent Council Ref: 16/00964/FUL. Using Promap we have measured the site at 0.12 acres, the area to the south with potential for development measures 75 ft x 44 ft. We believe the site has potential for a number of residential schemes subject to the necessary consents. On the other side of the road consent has recently been granted for the erection of 16 houses. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Kent County Council 03000 41 41 41 www.kent.gov.uk

34 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HORNCHURCH *GUIDE PRICE: 25 20 EMERSON DRIVE, ESSEX, RM11 1XH £600,000+

Freehold - A spacious 4 bedroom detached house (1,636 sq.ft. - source EPC) situated close to Emerson Park station - Vacant Description / Location: The property, which has previously been rented, is presented to a good standard and offers good sized accomdation. Located within a short walking distance of Hornchurch High Street and Hornchurch Underground station and benefits from links directly into Romford and the future Crossrail expansion. Accommodation: Ground floor:Entrance hall, cloakroom/w.c., lounge, kitchen/dining room, playroom. First floor: Master bedroom with en suite, 3 further bedrooms, bathroom. Outside: Integral garage, off street parking to the front of the property. Rear garden of approximately 100' Tenure: Freehold To View: Please contact Balgores Network Auctions on 01708 470756. Local Authority: London Borough of Havering 01708 434343 www.havering.gov.uk

35 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT WELLINGTON *GUIDE PRICE: CATTLE SHED AND THE OLD DAIRY, MILVERTON ROAD, £250,000+ 26 RUNNINGTON, SOMERSET, TA21 0QL

Freehold - A development site of 0.44 acres with planning granted for the conversion of existing barns into 2 x residential units. Description / Location: Planning consent was granted under application number 21/17/0017/CQ under Class Q notification by Taunton Deane Borough Council on December 1st 2017. The plans illustrate the potential for the Cattle Shed to be converted into a contemporary home with 3 double bedrooms totaling 2,616 sq.ft. and for The Old Dairy a 1 bedroom unit of 330 sq.ft. The barns are situated within the hamlet of Runnington which lies approximately 1.5 miles from the town centre of Wellington and 8 miles of Taunton. Tenure: Freehold Auctioneers note: The areas shaded in red are to be demolished as part of the planning consent. To View: Please contact Gibbins Richards on 01823 663311 Local Authority: Taunton Deane Borough Council 01823 356356 www.tauntondeane.gov.uk

36 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT *GUIDE PRICE: PAIGNTON £250,000+ 62-70 VICTORIA STREET, DEVON, TQ4 5DS Current Rent: £13,600 27 Potential Rent: £58,600

Freehold investment - A landmark freehold building (14,985 sq ft, source EPC's) occupying a site of 0.18 acres. Development potential - subject to planning. Description / Location: Ideally situated in a prime town centre trading position opposite Paignton railway station. Nearby operators include Ladbrokes, Santander, Superdrug and Sports Direct. Paignton town centre continues to be an area of high investment (a major leisure group has recently purchased 3 hotels and a former nightclub for development) Tenure: Freehold To View: Please contact Charles Darrow Network Auctions on 01626 330022 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk

Floor Accommodation Current Rent Start date and term of lease Ground Yankees Shop (559 sq ft, source EPC) Rating F/134 £13,500 pa 20 years from 17/4/2012 FRI Ground Vacant shop (1615 sq ft, source EPC) Rating E/113 ERV: £15,000 pa Ground Vacant Shop (818 sq ft, source EPC) Rating C/65 ERV: £12,000 pa Ground Pickwick (3693 sq ft, source EPC) Rating E/115 Ground Rent: £100 pa 24/6/1970 - 23/6/2069 Upper Floors Former nightclub and flat (8300 sq ft, source EPC) Rating G/153 ERV: £18,000 pa Outside Yard Maisonette with garaging below Potential rent £58,600

37 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT ABERDARE *GUIDE PRICE: LAND ADJACENT TO, 112 JOHN STREET, ABERCWMBOI, MID £18,000+ 28 GLAMORGAN, CF44 6BN

Freehold residential development opportunity. Land with consent for a 4 bedroom detached house. Description / Location: A freehold site situated within a residential area. Planning Permission was granted by Rhondda Cynon Taf County Borough Council on 12th May 2017 (Planning Ref No 17/0356/10) for a 4 bedroom detached house with parking. Accommodation: Proposed Accommodation Ground Floor Entrance Hall, cloakroom, kitchen/diner, utility room, living room. First Floor Master bedroom with en-suite shower room, 3 bedrooms, family bathroom. Outside Gardens, parking. Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Rhondda Cynon Taf County Borough Council 01443 425000 www.rctcbc.gov.uk/

38 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT BOURNEMOUTH *GUIDE PRICE: 29 33 CARBERY AVENUE, DORSET, BH6 3LN £320,000+

A substantial (1,542 sq.ft. - source floor plan) freehold first floor 3 bedroom apartment with own garden and garage. Vacant Description / Location: The property has been refurbished to a high standard and now offers accommodation of over 1500 sq ft with the added benefit of a 100' rear garden. There is a terrace to the rear overlooking the garden along with further useful additional ground floor accommodation and a garage. Accommodation: Ground floor: Garden room, office/storage room, garage. First floor: Entrance hall, open plan reception room and kitchen, sun terrace, master bedroom with en-suite shower room, bedroom 2 with en-suite, bedroom 3, bathroom. Outside: Rear garden of approximately 100', further parking to the front. EPC rating D/63 Tenure: Freehold To View: Contact Richard Godsell on 01202 424214 Local Authority: Bournemouth Borough Council 01286 677897 www.bournemouth.gov.uk

39 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT DUNSTABLE *GUIDE PRICE: ROADWAYS AT AUBREY CLOSE, BEDFORDSHIRE, LU5 4PU £15,000+ 30 £900 pa

Freehold investment - land equivalent to 0.16 acres comprising access roads producing rent of £900 pa (rising), development potential subject to planning. Description / Location: Aubrey Close is accessed between 1 Kingsbury Avenue and Gra Dor. It provides access to the rear of both properties plus 4 recently built dwellings and 2 garages in Aubrey Close. Each property pays an annual rent charge of £150 to the freeholder for the right to use the roadway, the rents are subject to annual increases in line with the Retail Prices Index (RPI). The residents are responsible for all maintenance of the roadway and fences, the freeholder has no financial liability for maintenance. 1 - 4 Aubrey Close were developed utilising surrounding gardens, we believe there is potential for development of adjoining gardens with access via Aubrey Close subject to the necessary consents. Accommodation: Rent Payment Dates: 1 Aubrey Close - 09.09.2018, 2 Aubrey Close - 19.08.2018, 3 & 4 Aubrey Close - 03.04.2019, 1 Kingsbury Avenue - 17.03.2019 and Gra Dor - 23.02.2019. Tenure: Freehold Enquiries: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Central Bedfordshire Council 0300 300 8301 www.centralbedfordshire.gov.uk

40 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT AYLESBURY *GUIDE PRICE: LAND AT AYLESBURY ROAD, ROWSHAM, BUCKINGHAMSHIRE, £24,000+ 31 HP22 4RH

A freehold parcel of land extending to approximately 3.99 acres with access from Aylesbury Road. Description / Location: The land is situated on the A418 Aylesbury Road, south of the Wingrave Cross Roads to the east of Nup End and Wingrave. The land is currently laid to grass and has immediate potential for a variety of uses including equestrian and agricultural. There is potential for future development subject to the necessary consents. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Buckinghamshire County Council 0845 370 8090 www.buckingham-tc.gov.ukj

41 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT AYLESBURY *GUIDE PRICE: LAND AT AYLESBURY ROAD, ROWSHAM, BUCKINGHAMSHIRE, £32,500+ 32 HP22 4RH

A freehold parcel of land extending to approximately 4.75 acres with access from Aylesbury Road. Description / Location: The land is situated on the A418 Aylesbury Road, south of the Wingrave Cross Roads to the east of Nup End and Wingrave. The land is currently laid to grass and has immediate potential for a variety of uses including equestrian and agricultural. There is potential for future development subject to the necessary consents. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Buckinghamshire County Council 0845 370 8090 www.buckingham-tc.gov.ukj

42 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT WOLVERHAMPTON *GUIDE PRICE: BRIANOLF KENNELS, STATION ROAD, FOUR ASHES, WEST £45,000 - £50,000 33 MIDLANDS, WV10 7DG

A freehold former kennels comprising a 3 bedroom detached house occupying a site of 0.3 acres, development potential, vacant. Description / Location: The property is situated within the Four Ashes industrial estate and has potential for a variety of commercial and residential uses subject to the necessary consents. The property is dilapidated and requires refurbishment, a condition report dated 13/09/2017 is available on request from the auctioneers. Accommodation: Ground Floor: Entrance hall, 2 reception rooms, kitchen, sore room, washroom. First Floor: Landing, 3 bedrooms, shower room. Outside: Plot extends to 0.3 acres. Tenure: Freehold To View: Network Auctions - 020 7871 0420 Local Authority: Staffordshire County Council 0300 111 8000 www.staffordshire.gov.uk

43 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT PAIGNTON *GUIDE PRICE: 6 MIDVALE ROAD, DEVON, TQ4 5BD £325,000+ 34 Current rent £60,164 per annum

Established Residential Investment A substantial 3 storey property currently arranged as 11 flats, all let on Assured Shorthold Tenancies producing £60,164 per annum - Freehold Description / Location: The property has been in the same ownership for over 30 years and has been extended and improved over that time. Located within a short walk of Paignton town centre and bus and rail links. There is a driveway to the side of the property giving access to parking at the rear. Tenure: Freehold Auctioneers note: At the time of signing the auction contract the successful purchaser will pay 1% plus vat of the purchase price to the auctioneers towards the sellers auction costs. To View: Please contact Charles Darrow Network Auctions on 01626 330022 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk

44 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT LONDON *GUIDE PRICE: 35 77 TALBOT WALK, CHURCH ROAD, NEASDEN, NW10 9HU £285,000+

© Crown copyright and database rights 2018 OS 100047514 A spacious and well presented 2 bedroom duplex apartment with balcony (753 sq ft, source EPC) available with vacant possession. Description / Location: Ideally situated close to local amenities and schools, Neasden tube 0.5 miles, Dollis Hill tube 0.6 miles. The property provides gas heating via radiators and double glazed windows, it is arranged across the first and second floors and will be of interest to both investors and owner occupiers. Accommodation: First Floor: Front door to entrance hall with stairs to the second floor, living room, kitchen / dining room. Second Floor: Landing, 2 double bedrooms, bathroom. Tenure: Leasehold - 125 years from 03/04/1990 To View: Please contact Queens Park Network Auctions on 0207 372 5950 Local Authority: Brent Council 020 8937 1234 www.brent.gov.uk

45 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT TAVISTOCK *GUIDE PRICE: THE EXPLORER, PYM STREET, DEVON, PL19 0AW £350,000+ 36 Current rent: £36,000 pa

Freehold commercial investment - A substantial Grade II listed restaurant and bar with extensive residential accommodation in the centre of the historic town of Tavistock. Description / Location: In recent years the property been the subject of significant investment with the addition of the first floor restaurant. The property incorporates a ground floor public bar, first floor restaurant and lounge bar, outdoor dining terrace. The building is let producing £36,000 per annum on a 15 year FRI lease from 09/01/2018 with 3 yearly rent reviews. The private areas include 3 x 1 bedroom apartments and 2 x studio apartments. Tavistock is an ancient stannary (tin-assaying and tin-marketing) town on the south-west edge of Dartmoor National Park, 15 miles north of the maritime city of Plymouth. Accommodation: Ground floor: Large open plan public bar / lounge, snug, vestibule and ancillary areas to include kitchen space store room, customer wc's, and office. First floor: Restaurant with 60+ covers - self-contained with a private staircase entrance and lift and includes bar, ante room and private dining area. The restaurant area could be used as a private function room for circa 100+ covers. Glazed doors lead to outside terrace. Customer wc's. Second floor: 3 x 1 bedroom apartments and 2 studios. Outside: There is a courtyard via an archway to the front of the property which provides parking. Tenure: Freehold Auctioneers note: The successful purchaser will pay 1% plus vat of the purchase price to the auctioneers at the time of signing the auction contract towards the sellers auction costs. To View: Please contact Charles Darrow Network Auctions on 01626 330022 Local Authority: West Devon Borough Council 01822 813600 www.westdevon.gov.uk

46 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT ARDUDWY *GUIDE PRICE: 37 LLIFON, DYFFRYN, GWYNEDD, LL44 2BP £90,000+

A freehold, 2 bedroom detached house (1280 sq ft,source EPC) requiring refurbishment, vacant. Description / Location: The property is situated in the village of Dyffryn Ardudwy between Harlech and Barmouth in Gwynedd, North Wales in an area of outstanding natural beauty between the beaches of Cardigan Bay to the west and the foothills of Snowdonia to the east. Village amenities include shops, garage and schools, Dyffran Ardudwy station 0.4 miles. Accommodation: Ground Floor: Entrance hall, sitting room, dining room, kitchen and bathroom. First Floor: Landing, 2 double bedrooms. Outside: Small courtyard to the side. Energy Rating: G/9 Tenure: Freehold To View: Network Auctions - 020 7871 0420 Local Authority: 01766 771000 www.gwynedd.gov.uk

47 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT HORNCHURCH *GUIDE PRICE: 38 74 MILTON AVENUE, ESSEX, RM12 4BW £410,000+

An extended semi detached house (1151 sq.ft, source EPC) currently arranged as a 3 bedroom house with a 2 bedroom annex. Potential to split into separate dwellings (STPP) or convert into large family home, vacant Description / Location: The property is located close to Elm Park District Line station (approx. 1 mile) and Romford mainline station (approx 1.1 miles) with its impending Crossrail links. Accommodation: Ground floor: Entrance hall, lounge, dining room, kitchen, lean to. First floor: 3 bedrooms, shower room Annexe: Lounge, kitchen, 2 bedrooms, bathroom Outside: Off street parking, integral garage, rear garden Tenure: Freehold To View: Please contact Balgores Network Auctions on 01708 470756. Local Authority: London Borough of Havering 01708 434343 www.havering.gov.uk

48 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT GRAVESEND *GUIDE PRICE: 46 PRINCES ROAD, KENT, DA12 5JL £150,000 - £160,000 39 Potential rent: £10,800 per annum

A 2 bedroom end terraced house of non standard construction - Freehold - Vacant. Description / Location: The property is presented in good order throughout. The kitchen has been recently refitted to include appliances, and there is an updated shower room. Gravesend town centre is approximately 1.5 miles. Gravesend railway station provides a high speed rail service to London St. Pancras. Accommodation: Ground floor: Entrance hall, living room, fitted kitchen. First floor: 2 bedrooms, shower room. Outside: Front and rear gardens. Energy rating: C/69 Tenure: Freehold

Auctioneers note: At the time of signing the auction contract the successful purchaser will pay 1.2% including vat of the purchase price to the auctioneers towards the sellers auction costs. To View: Please contact Balgores Network Auctions on 01474 369955 Local Authority: Gravesham Borough Council 01474 564422 www.gravesham.gov.uk

49 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. LOT PETERLEE *Without Reserve WHITEHOUSE 3, TRAYNOR WAY, WHITEHOUSE BUSINESS PARK, Current Rent: £2574 pa. 40 COUNTY DURHAM, SR8 2RT ERV: £186,384 pa

A modern, high specification Grade A office building providing 46,596 sq ft across 3 floors occupying a site of approximately 2.2 acres with a 190 bay car park. Description / Location: Built in 2006 the building is ideal for corporate occupation, back office functions, serviced units or call centre use, potential for alternative use subject to planning. Neighbouring operators include NHS, Sotech and Bristol Laboratories with major occupiers in the immediate vicinity including Orange, NPower and Inland Revenue. A valuation report dated 13/10/2017 states the buildings' market value at £880,000. The layout includes a 2 storey atrium/reception with lift and stairs leading to 6 open plan suites with carpeted floors, comfort cooling / heating, suspended ceilings with low glare lighting, energy efficient glazing, external lighting and CCTV. Each floor has male, female and disabled toilets and a separate shower room. Externally the site is bounded by footpaths, a tarmac covered car park and landscaped areas secured by steel palisade fences. A small section of the second floor (1650 sq ft) is let until 2028 producing £2574 increasing to £3003 in March 2019. The adjacent building (2A) is part let to NHS at £4 per sq ft, equivalent to £186,384 pa at Unit 2C. Tenure: Long Leasehold - 125 years from 01/03/2002, ground rent peppercorn To View: Please contact Elliott Network Auctions on 01923 240420. Local Authority: Durham County Council 0191 383 3253 www.durham.gov.uk

50 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. PETERLEE WHITEHOUSE 3, TRAYNOR WAY, COUNTY DURHAM, SR8 2RT Continued...

51 *The “Important Notes For Auction Bidders” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. Please note that in addition to the purchase price there is a buyer’s administration fee of £900 incl VAT and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the legal documentation and in particular the special conditions. Please also check online at networkauctions.co.uk for updates. COMMON AUCTION CONDITIONS 4TH EDITION – APRIL 2018

INTRODUCTION Completion Tupe The Common Auction Conditions are designed for real estate Unless the SELLER and the BUYER otherwise agree, the The TRANSFER of Undertakings (Protection of Employment) auctions, to set a consistent practice across the industry. There occasion when they have both complied with the obligations Regulations 2006. are three sections, all of which must be included without variation, under the CONTRACT that they are obliged to comply with prior VAT except where stated: to COMPLETION, and the amount payable on COMPLETION has Value Added Tax or other tax of a similar nature. been unconditionally received in the SELLER’S conveyancer’s client Glossary VAT Option account (or as otherwise required by the terms of the CONTRACT). The glossary gives special meanings to certain words used in the An option to tax. conditions. Condition WE (and US and OUR) One of the AUCTION CONDUCT CONDITIONS or SALE Auction Conduct Conditions The AUCTIONEERS. The Auction Conduct Conditions govern the relationship between CONDITIONS. YOU (and YOUR) the auctioneer and anyone who participates in the auction. They Contract Someone who has seen the CATALOGUE or who attends or bids at apply wherever the property is located, and cannot be changed The CONTRACT by which the SELLER agrees to sell and the BUYER or otherwise participates in the AUCTION, whether or not a BUYER. without the auctioneer’s agreement. agrees to buy the LOT. We recommend that these conditions are set out in a two-part Contract Date AUCTION CONDUCT CONDITIONS notice to bidders, part one containing advisory material – which The date of the AUCTION or, if the LOT is sold before or after the Words in capitals have the special meanings defined in the Glossary. auctioneers can tailor to their needs – and part two the auction AUCTION: The AUCTION CONDUCT CONDITIONS (as supplemented or conduct conditions and any extra auction conduct conditions. a) the date of the SALE MEMORANDUM signed by both the varied by CONDITION A6, if applicable) are a compulsory section of Sale Conditions SELLER and BUYER; or the Common AUCTION Conditions. They cannot be disapplied or varied without OUR agreement, even by a CONDITION purporting The Sale Conditions apply only to property in England and Wales, b) if CONTRACTs are exchanged, the date of exchange. If to replace the Common AUCTION Conditions in their entirety. and govern the agreement between each seller and buyer. They exchange is not effected in person or by an irrevocable include general conditions of sale and template forms of special agreement to exchange made by telephone, fax or A1 Introduction conditions of sale, tenancy and arrears schedules and a sale electronic mail the date of exchange is the date on which A1.1 The AUCTION CONDUCT CONDITIONS apply wherever memorandum. They must not be used if other standard conditions both parts have been signed and posted or otherwise the LOT is located. apply. placed beyond normal retrieval. A1.2 If YOU make a bid for a LOT or otherwise participate in the GLOSSARY Documents AUCTION it is on the basis that YOU accept these AUCTION This glossary applies to the AUCTION CONDUCT CONDITIONS DOCUMENTS of title including, if title is registered, the entries on the CONDUCT CONDITIONS. They govern OUR relationship and the SALE CONDITIONS. It is a compulsory section of the register and the title plan and other DOCUMENTS listed or referred with YOU. They can be varied only if WE agree. Common AUCTION Conditions that must be included without to in the SPECIAL CONDITIONS relating to the LOT (apart from A2 OUR role variation (but the SPECIAL CONDITIONS may include defined FINANCIAL CHARGES). A2.1 As agents for each SELLER we have authority to words that differ from the glossary so long as they apply only to Extra General Conditions (a) prepare the CATALOGUE from information supplied the SPECIAL CONDITIONS). The laws of England and Wales apply Any CONDITIONS added or varied by the AUCTIONEERS starting by or on behalf of each SELLER; to the CONDITIONS and YOU, WE, the SELLER and the BUYER all at CONDITION G30. submit to the jurisdiction of the Courts of England and Wales. (b) offer each LOT for sale; Financial Charge (c) sell each LOT; Wherever it makes sense: A charge to secure a loan or other financial indebtedness (but not (d) receive and hold deposits; • singular words can be read as plurals, and plurals as singular including a rentcharge or local land charge). (e) sign each SALE MEMORANDUM; and words; General Conditions • a “person” includes a corporate body; The SALE CONDITIONS headed ‘GENERAL CONDITIONS OF (f) treat a CONTRACT as repudiated if the BUYER fails • words of one gender include the other genders; SALE’, including any EXTRA GENERAL CONDITIONS. to sign a SALE MEMORANDUM or pay a deposit as required by these AUCTION CONDUCT CONDITIONS • references to legislation are to that legislation as it may have Interest Rate or fails to provide identification as required by the been modified or re-enacted by the date of the AUCTION or the If not specified in the SPECIAL CONDITIONS, the higher of 6% and AUCTIONEERS. CONTRACT DATE (as applicable); and 4% above the base rate from time to time of Barclays Bank plc. The A2.2 OUR decision on the conduct of the AUCTION is final. • where the following words appear in capitals they have the INTEREST RATE will also apply to any judgment debt, unless the specified meanings. statutory rate is higher. A2.3 WE may cancel the AUCTION, or alter the order in which LOTS are offered for sale. WE may also combine or divide Actual Completion Date Lot LOTS. A LOT may be sold or withdrawn from sale prior to the The date when COMPLETION takes place or is treated as taking Each separate property described in the CATALOGUE or (as the AUCTION. place for the purposes of apportionment and calculating interest. case may be) the property that the SELLER has agreed to sell and the BUYER to buy (including chattels,if any). A2.4 YOU acknowledge that to the extent permitted by law WE owe Addendum YOU no duty of care and YOU have no claim against US for An amendment or addition to the CONDITIONS or to the Old Arrears any loss. PARTICULARS or to both whether contained in a supplement to the ARREARS due under any of the TENANCIES that are not “new CATALOGUE, a written notice from the TENANCIES” as defined by the Landlord and Tenant (Covenants) Act A2.5 WE may refuse to admit one or more persons to the 1995. AUCTION without having to explain why. AUCTIONEERS or an oral announcement at the AUCTION. Particulars A2.6 YOU may not be allowed to bid unless YOU provide such Agreed Completion Date The section of the CATALOGUE that contains descriptions of each evidence of YOUR identity and other information as WE Subject to CONDITION G9.3: LOT (as varied by any ADDENDUM). reasonably require from all bidders. a) the date specified in the SPECIAL CONDITIONS; or Practitioner A3 Bidding and reserve PRICEs b) if no date is specified, 20 BUSINESS DAYS after the CONTRACT An insolvency PRACTITIONER for the purposes of the Insolvency A3.1 All bids are to be made in pounds sterling exclusive of VAT. DATE; but if that date is not a BUSINESS DAY the first subsequent Act 1986 (or, in relation to jurisdictions outside the United Kingdom, A3.2 WE may refuse to accept a bid. WE do not have to explain BUSINESS DAY. a person undertaking a similar role). why. Approved Financial Institution Price A3.3 If there is a dispute over bidding WE are entitled to resolve it, Any bank or building society that is regulated by a competent The PRICE (exclusive of VAT) that the BUYER agrees to pay for the LOT. and OUR decision is final. UK regulatory authority or is otherwise acceptable to the Ready to Complete AUCTIONEERS. A3.4 Unless stated otherwise each LOT is subject to a reserve Ready, willing and able to complete: if COMPLETION would enable PRICE (which may be fixed just before the LOT is offered ARREARS the SELLER to discharge all FINANCIAL CHARGES secured on for sale). If no bid equals or exceeds that reserve PRICE the ARREARS of rent and other sums due under the TENANCIES and the LOT that have to be discharged by COMPLETION, then those LOT will be withdrawn from the AUCTION. still outstanding on the ACTUAL COMPLETION DATE. outstanding financial charges do not prevent the SELLER from being A3.5 Where there is a reserve PRICE the SELLER may bid (or ARREARS Schedule READY TO COMPLETE. ask US or another agent to bid on the SELLER’s behalf) up The ARREARS schedule (if any) forming part of the SPECIAL Sale Conditions to the reserve PRICE but may not make a bid equal to or Conditions. The GENERAL CONDITIONS as varied by any SPECIAL exceeding the reserve PRICE. YOU accept that it is possible AUCTION CONDITIONS or ADDENDUM. that all bids up to the reserve PRICE are bids made by or on The AUCTION advertised in the CATALOGUE. Sale Memorandum behalf of the SELLER. Auction Conduct Conditions The form so headed (whether or not set out in the CATALOGUE) A4 The PARTICULARS and other information The conditions so headed, including any extra AUCTION CONDUCT in which the terms of the CONTRACT for the sale of the LOT are A4.1 WE have taken reasonable care to prepare PARTICULARS CONDITIONS. recorded. that correctly describe each LOT. The PARTICULARS Auctioneers Seller are based on information supplied by or on behalf of the The AUCTIONEERS at the AUCTION. The person selling the LOT. If two or more are jointly the SELLER SELLER. YOU need to check that the information in the Business Day their obligations can be enforced against them jointly or against PARTICULARS is correct. each of them separately. Any day except (a) Saturday or Sunday or (b) a bank or public A4.2 If the SPECIAL CONDITIONS do not contain a description of holiday in England and Wales. Special Conditions the LOT, or simply refer to the relevant LOT number, you take Buyer Those of the SALE CONDITIONS so headed that relate to the LOT. the risk that the description contained in the PARTICULARS The person who agrees to buy the LOT or, if applicable, that Tenancies is incomplete or inaccurate, as the PARTICULARS have not person’s personal representatives: if two or more are jointly the TENANCIES, leases, licences to occupy and agreements for lease been prepared by a conveyancer and are not intended to BUYER their obligations can be enforced against them jointly or and any DOCUMENTS varying or supplemental to them. form part of a legal CONTRACT. against each of them separately. Tenancy Schedule A4.3 The PARTICULARS and the SALE CONDITIONS may Catalogue The schedule of TENANCIES (if any) forming part of the SPECIAL change prior to the AUCTION and it is YOUR responsibility The catalogue for the AUCTION as it exists at the date of the CONDITIONS. to check that YOU have the correct versions. AUCTION (or, if the catalogue is then different, the date of the Transfer A4.4 If WE provide information, or a copy of a DOCUMENT, WE CONTRACT) including any ADDENDUM and whether printed or TRANSFER includes a conveyance or assignment (and “to do so only on the basis that WE are not responsible for the made available electronically. TRANSFER” includes “to convey” or “to assign”). accuracy of that information or DOCUMENT.

52 www.networkauctions.co.uk

A5 The CONTRACT (e) rights, easements, quasi-easements, and wayleaves; G4.2 The following provisions apply only to any of the following A5.1 A successful bid is one WE accept as such (normally on (f) outgoings and other liabilities; DOCUMENTS that is not made available before the AUCTION: the fall of the hammer). This CONDITION A5 applies to YOU (g) any interest which overrides, under the Land only if YOU make the successful bid for a LOT. Registration Act 2002; (a) If the LOT is registered land the SELLER is to give to the BUYER within five BUSINESS DAYS of the CONTRACT A5.2 YOU are obliged to buy the LOT on the terms of the (h) matters that ought to be disclosed by the searches DATE an official copy of the entries on the register SALE MEMORANDUM at the PRICE YOU bid (plus VAT, if and enquiries a prudent BUYER would make, whether applicable). and title plan and, where noted on the register, of all or not the BUYER has made them; and DOCUMENTS subject to which the LOT is being sold. A5.3 YOU must before leaving the AUCTION (i) anything the SELLER does not and could not (b) If the LOT is not registered land the SELLER is to (a) provide all information WE reasonably need from YOU reasonably know about. give to the BUYER within five BUSINESS DAYS of to enable US to complete the SALE MEMORANDUM G1.5 Where anything subject to which the LOT is sold would the CONTRACT DATE an abstract or epitome of title (including proof of your identity if required by US); expose the SELLER to liability the BUYER is to comply with it starting from the root of title mentioned in the SPECIAL (b) sign the completed SALE MEMORANDUM; and and indemnify the SELLER against that liability. CONDITIONS (or, if none is mentioned, a good root of (c) pay the deposit. G1.6 The SELLER must notify the BUYER of any notices, orders, title more than fifteen years old) and must produce to A5.4 If YOU do not WE may either demands, proposals and requirements of any competent the BUYER the original or an examined copy of every relevant DOCUMENT. (a) as agent for the SELLER treat that failure as YOUR authority of which it learns after the CONTRACT DATE but repudiation of the CONTRACT and offer the LOT for the BUYER must comply with them and keep the SELLER (c) If title is in the course of registration, title is to consist of: sale again: the SELLER may then have a claim against indemnified. (i) certified copies of the application for registration of title YOU for breach of CONTRACT; or G1.7 The LOT does not include any tenant’s or trade fixtures made to the Land Registry and of the DOCUMENTS (b) sign the SALE MEMORANDUM on YOUR behalf. or fittings. The SPECIAL CONDITIONS state whether any accompanying that application; A5.5 The deposit chattels are included in the LOT, but if they are: (ii) evidence that all applicable stamp duty land tax relating to that application has been paid; and (a) must be paid in pounds sterling by cheque or by (a) the BUYER takes them as they are at COMPLETION and (iii) a letter under which the SELLER or its conveyancer bankers’ draft made payable to US (or, at OUR option, the SELLER is not liable if they are not fit for use, and agrees to use all reasonable endeavours to answer the SELLER’S conveyancer) drawn on an APPROVED (b) the SELLER is to leave them at the LOT. any requisitions raised by the Land Registry and to FINANCIAL INSTITUTION (CONDITION A6 may state if G1.8 The BUYER buys with full knowledge of instruct the Land Registry to send the completed WE accept any other form of payment); (a) the DOCUMENTS, whether or not the BUYER has registration DOCUMENTS to the BUYER. (b) may be declined by US unless drawn on YOUR account, read them; and (d) The BUYER has no right to object to or make or that of the BUYER, or of another person who (we are (b) the physical condition of the LOT and what could requisitions on any title information more than seven satisfied) would not expose US to a breach of money reasonably be discovered on inspection of it, whether BUSINESS DAYS after that information has been given laundering regulations; or not the BUYER has inspected it. to the BUYER. (c) is to be held by US (or, at OUR option, the SELLER’S G1.9 The BUYER admits that it is not relying on the information G4.3 Unless otherwise stated in the SPECIAL CONDITIONS the conveyancer); and contained in the PARTICULARS or on any representations SELLER sells with full title guarantee except that (and the (d) is to be held as stakeholder where VAT would be made by or on behalf of the SELLER but the BUYER may TRANSFER shall so provide): chargeable on the deposit were it to be held as rely on the SELLER’S conveyancer’s written replies to (a) the covenant set out in section 3 of the Law of Property agent for the SELLER, but otherwise is to be held as written enquiries to the extent stated in those replies. (Miscellaneous Provisions) Act 1994 shall not extend stakeholder unless the SALE CONDITIONS require it to G2 Deposit to matters recorded in registers open to public be held as agent for the SELLER. G2.1 The amount of the deposit is the greater of: inspection; these are to be treated as within the actual A5.6 WE may retain the SALE MEMORANDUM signed by or on knowledge of the BUYER; and (a) any minimum deposit stated in the AUCTION behalf of the SELLER until the deposit has been received in CONDUCT CONDITIONS (or the total PRICE, if this is (b) the covenant set out in section 4(1)(b) of the Law of cleared funds. Property (Miscellaneous Provisions) Act 1994 shall not less than that minimum); and A5.7 Where WE hold the deposit as stakeholder WE are authorised extend to any condition or tenant’s obligation relating to release it (and interest on it if applicable) to the SELLER on (b) 10% of the PRICE (exclusive of any VAT on the PRICE). to the state or condition of the LOT where the LOT is COMPLETION or, if COMPLETION does not take place, to the G2.2 If a cheque for all or part of the deposit is not cleared on first leasehold property. person entitled to it under the SALE CONDITIONS. presentation the SELLER may treat the CONTRACT as at G4.4 The TRANSFER is to have effect as if expressly subject A5.8 If the BUYER does not comply with its obligations under the an end and bring a claim against the BUYER for breach of to all matters subject to which the LOT is sold under the CONTRACT then CONTRACT. CONTRACT. (a) YOU are personally liable to buy the LOT even if YOU G2.3 Interest earned on the deposit belongs to the SELLER G4.5 The SELLER does not have to produce, nor may the BUYER are acting as an agent; and unless the SALE CONDITIONS provide otherwise. object to or make a requisition in relation to, any prior or (b) YOU must indemnify the SELLER in respect of any loss G3 Between CONTRACT and COMPLETION superior title even if it is referred to in the DOCUMENTS. the SELLER incurs as a result of the BUYER’s default. G3.1 From the CONTRACT DATE the SELLER has no obligation G4.6 The SELLER (and, if relevant, the BUYER) must produce to each other such confirmation of, or evidence of, their identity A5.9 Where the BUYER is a company YOU warrant that the to insure the LOT and the BUYER bears all risks of loss or and that of their mortgagees and attorneys (if any) as is BUYER is properly constituted and able to buy the LOT. damage unless (a) the LOT is sold subject to a TENANCY that requires the necessary for the other to be able to comply with applicable A6 Extra Auction Conduct Conditions Money Laundering Regulations and Land Registry Rules. A6.1 Despite any SPECIAL CONDITION to the contrary the SELLER to insure the LOT or G5 TRANSFER minimum deposit WE accept is £2,500 (or the total PRICE, (b) the SPECIAL CONDITIONS require the SELLER to G5.1 Unless a form of TRANSFER is prescribed by the SPECIAL if less). A SPECIAL CONDITION may, however, require a insure the LOT. CONDITIONS higher minimum deposit. G3.2 If the SELLER is required to insure the LOT then the SELLER (a) the BUYER must supply a draft TRANSFER to the (a) must produce to the BUYER on request all relevant GENERAL CONDITIONS OF SALE SELLER at least ten BUSINESS DAYS before the insurance details; AGREED COMPLETION DATE and the engrossment Words in capitals have the special meanings defined in the (b) must use reasonable endeavours to maintain that or (signed as a deed by the BUYER if CONDITION G5.2 Glossary. equivalent insurance and pay the premiums when due; applies) five BUSINESS DAYS before that date or (if The GENERAL CONDITIONS (as WE supplement or change them (c) gives no warranty as to the adequacy of the insurance; later) two BUSINESS DAYS after the draft has been by any EXTRA GENERAL CONDITIONS or ADDENDUM) are approved by the SELLER; and compulsory but may be disapplied or changed in relation to one (d) must at the request of the BUYER use reasonable (b) the SELLER must approve or revise the draft or more LOTS by SPECIAL CONDITIONS. The template form of endeavours to have the BUYER’s interest noted on the TRANSFER within five BUSINESS DAYS of receiving it SALE MEMORANDUM is not compulsory but is to be varied only policy if it does not cover a contracting purchaser; from the BUYER. if WE agree. The template forms of SPECIAL CONDITIONS and (e) must, unless otherwise agreed, cancel the insurance schedules are recommended, but are not compulsory and may be at COMPLETION, apply for a refund of premium and G5.2 If the SELLER has any liability (other than to the BUYER) in relation to the LOT or a TENANCY following COMPLETION, changed by the SELLER of a LOT. (subject to the rights of any tenant or other third party) the BUYER is specifically to covenant in the TRANSFER to pay that refund to the BUYER; and G1 The LOT indemnify the SELLER against that liability. G1.1 The LOT (including any rights to be granted or reserved, (f) (subject to the rights of any tenant or other third party) G5.3 The SELLER cannot be required to TRANSFER the LOT and any exclusions from it) is described in the SPECIAL hold on trust for the BUYER any insurance payments to anyone other than the BUYER, or by more than one CONDITIONS, or if not so described is that referred to in the that the SELLER receives in respect of loss or damage TRANSFER. SALE MEMORANDUM. arising after the CONTRACT DATE, or assign to the G5.4 Where the SPECIAL CONDITIONS state that the SELLER is BUYER the benefit of any claim; G1.2 The LOT is sold subject to any TENANCIES disclosed by to grant a new lease to the BUYER the SPECIAL CONDITIONS, but otherwise with vacant and the BUYER must on COMPLETION reimburse to the (a) the CONDITIONS are to be read so that the TRANSFER possession on COMPLETION. SELLER the cost of that insurance as from the CONTRACT refers to the new lease, the SELLER to the proposed DATE (to the extent not already paid by the BUYER or a G1.3 The LOT is sold subject to all matters contained or referred landlord and the BUYER to the proposed tenant; to in the DOCUMENTS. The SELLER must discharge tenant or other third party). FINANCIAL CHARGES on or before COMPLETION. G3.3 No damage to or destruction of the LOT, nor any deterioration (b) the form of new lease is that described by the SPECIAL G1.4 The LOT is also sold subject to such of the following as may in its condition, however caused, entitles the BUYER to any CONDITIONS; and affect it, whether they arise before or after the CONTRACT reduction in PRICE, or to delay COMPLETION, or to refuse (c) the SELLER is to produce, at least five BUSINESS DATE and whether or not they are disclosed by the SELLER to complete. DAYS before the AGREED COMPLETION DATE, the or are apparent from inspection of the LOT or from the G3.4 Section 47 of the Law of Property Act 1925 does not apply engrossed counterpart lease, which the BUYER is to DOCUMENTS: to the CONTRACT. sign and deliver to the SELLER on COMPLETION. (a) matters registered or capable of registration as local G3.5 Unless the BUYER is already lawfully in occupation of the G6 COMPLETION land charges; LOT the BUYER has no right to enter into occupation prior to G6.1 COMPLETION is to take place at the offices of the SELLER’S (b) matters registered or capable of registration by any COMPLETION. conveyancer, or where the SELLER may reasonably require, competent authority or under the provisions of any G4 Title and identity on the AGREED COMPLETION DATE. The SELLER can statute; G4.1 Unless CONDITION G4.2 applies, the BUYER accepts the only be required to complete on a BUSINESS DAY and (c) notices, orders, demands, proposals and requirements title of the SELLER to the LOT as at the CONTRACT DATE between the hours of 0930 and 1700. of any competent authority; and may raise no requisition or objection to any of the G6.2 The amount payable on COMPLETION is the balance of the (d) charges, notices, orders, restrictions, agreements and DOCUMENTS that is made available before the AUCTION PRICE adjusted to take account of apportionments plus (if other matters relating to town and country planning, or any other matter, except one that occurs after the applicable) VAT and interest, but no other amounts unless highways or public health; CONTRACT DATE. specified in the SPECIAL CONDITIONS.

53 G6.3 Payment is to be made in pounds sterling and only by G10.3 Income and outgoings are to be apportioned at the ACTUAL (a) the SELLER must comply with the BUYER’s (a) direct TRANSFER from the BUYER’s conveyancer to COMPLETION DATE unless: reasonable requirements unless to do so would (but the SELLER’S conveyancer; and (a) the BUYER is liable to pay interest; and for the indemnity in paragraph (c)) expose the SELLER to a liability that the SELLER would not otherwise have, (b) the release of any deposit held by a stakeholder or in (b) the SELLER has given notice to the BUYER at any in which case the SELLER may act reasonably in such such other manner as the SELLER’S conveyancer may time up to COMPLETION requiring apportionment a way as to avoid that liability; agree. on the date from which interest becomes payable by (b) if the SELLER gives the BUYER notice of the SELLER’s G6.4 Unless the SELLER and the BUYER otherwise agree, the BUYER; in which event income and outgoings are to be apportioned on the date from which interest intended act and the BUYER does not object within five COMPLETION cannot take place until both have complied becomes payable by the BUYER. BUSINESS DAYS giving reasons for the objection the with the obligations under the CONTRACT that they are SELLER may act as the SELLER intends; and obliged to comply with prior to COMPLETION, and the G10.4 Apportionments are to be calculated on the basis that: (c) the BUYER is to indemnify the SELLER against all loss amount payable on COMPLETION is unconditionally (a) the SELLER receives income and is liable for outgoings or liability the SELLER incurs through acting as the received in the SELLER’S conveyancer’s client account or for the whole of the day on which apportionment is to be made; BUYER requires, or by reason of delay caused by the as otherwise required by the terms of the CONTRACT. BUYER. (b) annual income and expenditure accrues at an equal G6.5 If COMPLETION takes place after 1400 hours for a reason G13 Rent deposits other than the SELLER’S default it is to be treated, for the daily rate assuming 365 days in a year (or 366 in a leap year), and income and expenditure relating to some G13.1 Where any TENANCY is an assured shorthold TENANCY, purposes of apportionment and calculating interest, as if it the SELLER and the BUYER are to comply with their had taken place on the next BUSINESS DAY. other period accrues at an equal daily rate during the period to which it relates; and respective statutory duties in relation to the protection of G6.6 Where applicable the CONTRACT remains in force following tenants’ deposits, and to demonstrate in writing to the other (c) where the amount to be apportioned is not known COMPLETION. (before COMPLETION, so far as practicable) that they have at COMPLETION apportionment is to be made complied. G7 Notice to complete by reference to a reasonable estimate and further G7.1 The SELLER or the BUYER may on or after the AGREED payment is to be made by SELLER or BUYER as G13.2 The remainder of this CONDITION G13 applies where the COMPLETION DATE but before COMPLETION give the appropriate within five BUSINESS DAYS of the date SELLER is holding or otherwise entitled to money by way of other notice to complete within ten BUSINESS DAYS when the amount is known. rent deposit in respect of a TENANCY. In this CONDITION G13 “rent deposit deed” means the deed or other (excluding the date on which the notice is given) making G10.5 If a payment due from the BUYER to the SELLER on or after DOCUMENT under which the rent deposit is held. time of the essence. COMPLETION is not paid by the due date, the BUYER is to G7.2 The person giving the notice must be READY TO pay interest to the SELLER at the INTEREST RATE on that G13.3 If the rent deposit is not assignable the SELLER must on COMPLETE. payment from the due date up to and including the date of COMPLETION hold the rent deposit on trust for the BUYER and, subject to the terms of the rent deposit deed, comply at G7.3 If the BUYER fails to comply with a notice to complete payment. the cost of the BUYER with the BUYER’s lawful instructions. the SELLER may, without affecting any other remedy the G11 ARREARS G13.4 Otherwise the SELLER must on COMPLETION pay and SELLER has: Part 1 – Current rent assign its interest in the rent deposit to the BUYER under G11.1 “Current rent” means, in respect of each of the TENANCIES (a) terminate the CONTRACT; an assignment in which the BUYER covenants with the subject to which the LOT is sold, the instalment of rent (b) claim the deposit and any interest on it if held by a SELLER to: and other sums payable by the tenant on the most recent stakeholder; rent payment date on or within four months preceding (a) observe and perform the SELLER’s covenants and (c) forfeit the deposit and any interest on it; COMPLETION. conditions in the rent deposit deed and indemnify the SELLER in respect of any breach; (d) resell the LOT; and G11.2 If on COMPLETION there are any ARREARS of current rent (e) claim damages from the BUYER. the BUYER must pay them, whether or not details of those (b) give notice of assignment to the tenant; and G7.4 If the SELLER fails to comply with a notice to complete the ARREARS are given in the SPECIAL CONDITIONS. (c) give such direct covenant to the tenant as may be BUYER may, without affecting any other remedy the BUYER G11.3 Parts 2 and 3 of this CONDITION G11 do not apply to required by the rent deposit deed. has: ARREARS of current rent. G14 VAT (a) terminate the CONTRACT; and Part 2 – BUYER to pay for ARREARS G14.1 Where a SALE CONDITION requires money to be paid or other consideration to be given, the payer must also pay any (b) recover the deposit and any interest on it from the G11.4 Part 2 of this CONDITION G11 applies where the SPECIAL VAT that is chargeable on that money or consideration, but SELLER or, if applicable, a stakeholder. CONDITIONS give details of ARREARS. G11.5 The BUYER is on COMPLETION to pay, in addition to any only if given a valid VAT invoice. G8 If the CONTRACT is brought to an end other money then due, an amount equal to all ARREARS of G14.2 Where the SPECIAL CONDITIONS state that no VAT If the CONTRACT is lawfully brought to an end: which details are set out in the SPECIAL CONDITIONS. OPTION has been made the SELLER confirms that none (a) the BUYER must return all papers to the SELLER G11.6 If those ARREARS are not OLD ARREARS the SELLER is has been made by it or by any company in the same VAT and appoints the SELLER its agent to cancel any to assign to the BUYER all rights that the SELLER has to group nor will be prior to COMPLETION. registration of the CONTRACT; and recover those ARREARS. G15 TRANSFER as a going concern (b) the SELLER must return the deposit and any interest Part 3 – BUYER not to pay for ARREARS G15.1 Where the SPECIAL CONDITIONS so state: on it to the BUYER (and the BUYER may claim it from G11.7 Part 3 of this CONDITION G11 applies where the SPECIAL (a) the SELLER and the BUYER intend, and will take all the stakeholder, if applicable) unless the SELLER is CONDITIONS practicable steps (short of an appeal) to procure, that entitled to forfeit the deposit under CONDITION G7.3. (a) so state; or the sale is treated as a TRANSFER of a going concern; G9 Landlord’s licence and (b) give no details of any ARREARS. G9.1 Where the LOT is or includes leasehold land and licence to (b) this CONDITION G15 applies. G11.8 While any ARREARS due to the SELLER remain unpaid the assign or sublet is required this CONDITION G9 applies. BUYER must: G15.2 The SELLER confirms that the SELLER: G9.2 The CONTRACT is conditional on that licence being (a) try to collect them in the ordinary course of (a) is registered for VAT, either in the SELLER’S name or as obtained, by way of formal licence if that is what the landlord management but need not take legal proceedings or a member of the same VAT group; and lawfully requires. forfeit the TENANCY; (b) has (unless the sale is a standard-rated supply) made G9.3 The AGREED COMPLETION DATE is not to be earlier (b) pay them to the SELLER within five BUSINESS DAYS of in relation to the LOT a VAT OPTION that remains valid than the date five BUSINESS DAYS after the SELLER has receipt in cleared funds (plus interest at the INTEREST and will not be revoked before COMPLETION. given notice to the BUYER that licence has been obtained RATE calculated on a daily basis for each subsequent G15.3 The BUYER confirms that (“licence notice”). day’s delay in payment); (a) it is registered for VAT, either in the BUYER’S name or G9.4 The SELLER must (c) on request, at the cost of the SELLER, assign to the as a member of a VAT group; (a) use all reasonable endeavours to obtain the licence at SELLER or as the SELLER may direct the right to (b) it has made, or will make before COMPLETION, a VAT the SELLER’S expense; and demand and sue for OLD ARREARS, such assignment OPTION in relation to the LOT and will not revoke it (b) enter into any Authorised Guarantee Agreement to be in such form as the SELLER’S conveyancer may before or within three months after COMPLETION; (“AGA”) properly required (procuring a guarantee of reasonably require; (c) article 5(2B) of the Value Added Tax (Special that AGA if lawfully required by the landlord). (d) if reasonably required, allow the SELLER’S Provisions) Order 1995 does not apply to it; and G9.5 The BUYER must promptly conveyancer to have on loan the counterpart of any (d) it is not buying the LOT as a nominee for another TENANCY against an undertaking to hold it to the (a) provide references and other relevant information; and person. BUYER’s order; (b) comply with the landlord’s lawful requirements. G15.4 The BUYER is to give to the SELLER as early as possible (e) not without the consent of the SELLER release any before the AGREED COMPLETION DATE evidence G9.6 If within three months of the CONTRACT DATE (or such tenant or surety from liability to pay ARREARS or (a) of the BUYER’S VAT registration; longer period as the SELLER and BUYER agree) the accept a surrender of or forfeit any TENANCY under SELLER has not given licence notice to the BUYER the which ARREARS are due; and (b) that the BUYER has made a VAT OPTION; and SELLER or the BUYER may (if not then in breach of any (f) if the BUYER disposes of the LOT prior to recovery of (c) that the VAT OPTION has been notified in writing to HM obligation under this CONDITION G9) by notice to the other all ARREARS obtain from the BUYER’S successor in Revenue and Customs; and if it does not produce the terminate the CONTRACT at any time before the SELLER title a covenant in favour of the SELLER in similar form relevant evidence at least two BUSINESS DAYS before has given licence notice. That termination is without to part 3 of this CONDITION G11. the AGREED COMPLETION DATE, CONDITION G14.1 applies at COMPLETION. prejudice to the claims of either SELLER or BUYER for G11.9 Where the SELLER has the right to recover ARREARS it must breach of this CONDITION G9. not without the BUYER’S written consent bring insolvency G15.5 The BUYER confirms that after COMPLETION the BUYER G10 Interest and apportionments proceedings against a tenant or seek the removal of goods intends to G10.1 If the ACTUAL COMPLETION DATE is after the AGREED from the LOT. (a) retain and manage the LOT for the BUYER’S own COMPLETION DATE for any reason other than the SELLER’S G12 Management benefit as a continuing business as a going concern subject to and with the benefit of the TENANCIES; and default the BUYER must pay interest at the INTEREST RATE G12.1 This CONDITION G12 applies where the LOT is sold subject on the money due from the BUYER at COMPLETION for the to TENANCIES. (b) collect the rents payable under the TENANCIES and period starting on the AGREED COMPLETION DATE and G12.2 The SELLER is to manage the LOT in accordance with its charge VAT on them. ending on the ACTUAL COMPLETION DATE. standard management policies pending COMPLETION. G15.6 If, after COMPLETION, it is found that the sale of the LOT is G10.2 Subject to CONDITION G11 the SELLER is not obliged to G12.3 The SELLER must consult the BUYER on all management not a TRANSFER of a going concern then: apportion or account for any sum at COMPLETION unless the issues that would affect the BUYER after COMPLETION (such (a) the SELLER’s conveyancer is to notify the BUYER’s SELLER has received that sum in cleared funds. The SELLER as, but not limited to, an application for licence; a rent review; conveyancer of that finding and provide a VAT invoice must promptly pay to the BUYER after COMPLETION any sum a variation, surrender, agreement to surrender or proposed in respect of the sale of the LOT; to which the BUYER is entitled that the SELLER subsequently forfeiture of a TENANCY; or a new TENANCY or agreement to (b) the BUYER must within five BUSINESS DAYS of receipt receives in cleared funds. grant a new TENANCY) and: of the VAT invoice pay to the SELLER the VAT due; and

54 www.networkauctions.co.uk

(c) if VAT is payable because the BUYER has not G21.2 The SELLER has made available such reports as the G24.2 Where practicable, without exposing the SELLER to liability complied with this CONDITION G15, the BUYER SELLER has as to the environmental condition of the LOT or penalty, the SELLER must not without the written consent must pay and indemnify the SELLER against all costs, and has given the BUYER the opportunity to carry out of the BUYER (which the BUYER must not unreasonably interest, penalties or surcharges that the SELLER investigations (whether or not the BUYER has read those withhold or delay) serve or respond to any notice or begin or incurs as a result. reports or carried out any investigation) and the BUYER continue any proceedings. G16 Capital allowances admits that the PRICE takes into account the environmental G24.3 If the SELLER receives a notice the SELLER must send a G16.1 This CONDITION G16 applies where the SPECIAL condition of the LOT copy to the BUYER within five BUSINESS DAYS and act as CONDITIONS state that there are capital allowances G21.3 The BUYER agrees to indemnify the SELLER in respect of the BUYER reasonably directs in relation to it. available in respect of the LOT. all liability for or resulting from the environmental condition G24.4 Following COMPLETION the BUYER must: of the LOT. G16.2 The SELLER is promptly to supply to the BUYER all (a) with the co-operation of the SELLER take immediate information reasonably required by the BUYER in G22 Service Charge steps to substitute itself as a party to any proceedings; G22.1 This CONDITION G22 applies where the LOT is sold subject connection with the BUYER’s claim for capital allowances. (b) use all reasonable endeavours to conclude any to TENANCIES that include service charge provisions. G16.3 The value to be attributed to those items on which capital proceedings or negotiations for the renewal of the allowances may be claimed is set out in the SPECIAL G22.2 No apportionment is to be made at COMPLETION in TENANCY and the determination of any interim rent as CONDITIONS. respect of service charges. soon as reasonably practicable at the best rent or rents G16.4 The SELLER and BUYER agree: G22.3 Within two months after COMPLETION the SELLER must reasonably obtainable; and provide to the BUYER a detailed service charge account for (a) to make an election on COMPLETION under Section (c) if any increased rent is recovered from the tenant the service charge year current on COMPLETION showing: 198 of the Capital Allowances Act 2001 to give effect to (whether as interim rent or under the renewed this CONDITION G16; and (a) service charge expenditure attributable to each TENANCY) account to the SELLER for the part of TENANCY; (b) to submit the value specified in the SPECIAL that increase that relates to the SELLER’S period of CONDITIONS to HM Revenue and Customs for (b) payments on account of service charge received from ownership of the LOT within five BUSINESS DAYS of the purposes of their respective capital allowance each tenant; receipt of cleared funds. computations. (c) any amounts due from a tenant that have not been G24.5 The SELLER and the BUYER are to bear their own costs in relation to the renewal of the TENANCY and any G17 Maintenance agreements received; proceedings relating to this. G17.1 The SELLER agrees to use reasonable endeavours to (d) any service charge expenditure that is not attributable TRANSFER to the BUYER, at the BUYER’s cost, the benefit to any TENANCY and is for that reason irrecoverable. G25 Warranties of the maintenance agreements specified in the SPECIAL G22.4 In respect of each TENANCY, if the service charge account G25.1 Available warranties are listed in the SPECIAL CONDITIONS. CONDITIONS. shows: G25.2 Where a warranty is assignable the SELLER must: G17.2 The BUYER must assume, and indemnify the SELLER (a) that payments that the tenant has made on account (a) on COMPLETION assign it to the BUYER and give in respect of, all liability under such agreements from the exceed attributable service charge expenditure, the notice of assignment to the person who gave the ACTUAL COMPLETION DATE. SELLER must pay to the BUYER an amount equal warranty; and G18 Landlord and Tenant Act 1987 to that excess when it provides the service charge (b) apply for (and the SELLER and the BUYER must use G18.1 This CONDITION G18 applies where the sale is a relevant account; or all reasonable endeavours to obtain) any consent to disposal for the purposes of part I of the Landlord and Tenant (b) that attributable service charge expenditure exceeds assign that is required. Act 1987 payments made on account, the BUYER must use all If consent has not been obtained by COMPLETION the G18.2 The SELLER warrants that the SELLER has complied with reasonable endeavours to recover the shortfall from warranty must be assigned within five BUSINESS DAYS sections 5B and 7 of that Act and that the requisite majority the tenant as soon as practicable and promptly pay after the consent has been obtained. of qualifying tenants has not accepted the offer. the amount so recovered to the SELLER; but in respect G25.3 If a warranty is not assignable the SELLER must after of payments on account that are still due from a tenant COMPLETION: G19 Sale by PRACTITIONER CONDITION G11 (ARREARS) applies. G19.1 This CONDITION G19 applies where the sale is by a (a) hold the warranty on trust for the BUYER; and G22.5 In respect of service charge expenditure that is not PRACTITIONER either as SELLER or as agent of the attributable to any TENANCY the SELLER must pay (b) at the BUYER’s cost comply with such of the lawful SELLER. the expenditure incurred in respect of the period before instructions of the BUYER in relation to the warranty G19.2 The PRACTITIONER has been duly appointed and is ACTUAL COMPLETION DATE and the BUYER must pay the as do not place the SELLER in breach of its terms or empowered to sell the LOT. expenditure incurred in respect of the period after ACTUAL expose the SELLER to any liability or penalty. G19.3 Neither the PRACTITIONER nor the firm or any member COMPLETION DATE. Any necessary monetary adjustment G26 No assignment of the firm to which the PRACTITIONER belongs has is to be made within five BUSINESS DAYS of the SELLER The BUYER must not assign, mortgage or otherwise any personal liability in connection with the sale or the providing the service charge account to the BUYER. TRANSFER or part with the whole or any part of the performance of the SELLER’s obligations. The TRANSFER G22.6 If the SELLER holds any reserve or sinking fund on account BUYER’S interest under this CONTRACT. is to include a declaration excluding that personal liability. of future service charge expenditure or a depreciation fund: G27 Registration at the Land Registry G19.4 The LOT is sold (a) the SELLER must pay it (including any interest earned G27.1 This CONDITION G27.1 applies where the LOT is leasehold (a) in its condition at COMPLETION; on it) to the BUYER on COMPLETION; and and its sale either triggers first registration or is a registrable disposition. The BUYER must at its own expense and as (b) for such title as the SELLER may have; and (b) the BUYER must covenant with the SELLER to hold it soon as practicable: (c) with no title guarantee; in accordance with the terms of the TENANCIES and to indemnify the SELLER if it does not do so. (a) procure that it becomes registered at the Land Registry and the BUYER has no right to terminate the CONTRACT or as proprietor of the LOT; any other remedy if information provided about the LOT is G23 Rent reviews (b) procure that all rights granted and reserved by the inaccurate, incomplete or missing. G23.1 This CONDITION G23 applies where the LOT is sold subject to a TENANCY under which a rent review due on or before lease under which the LOT is held are properly noted G19.5 Where relevant: the ACTUAL COMPLETION DATE has not been agreed or against the affected titles; and (a) the DOCUMENTS must include certified copies determined. (c) provide the SELLER with an official copy of the register of those under which the PRACTITIONER is G23.2 The SELLER may continue negotiations or rent review relating to such lease showing itself registered as appointed, the DOCUMENT of appointment and the proceedings up to the ACTUAL COMPLETION DATE but proprietor. PRACTITIONER’S acceptance of appointment; and may not agree the level of the revised rent or commence rent G27.2 This CONDITION G27.2 applies where the LOT comprises (b) the SELLER may require the TRANSFER to be by the review proceedings without the written consent of the BUYER, part of a registered title. The BUYER must at its own lender exercising its power of sale under the Law of such consent not to be unreasonably withheld or delayed. expense and as soon as practicable: Property Act 1925. G23.3 Following COMPLETION the BUYER must complete rent (a) apply for registration of the TRANSFER; G19.6 The BUYER understands this CONDITION G19 and review negotiations or proceedings as soon as reasonably (b) provide the SELLER with an official copy and title plan agrees that it is fair in the circumstances of a sale by a practicable but may not agree the level of the revised rent for the BUYER’S new title; and PRACTITIONER. without the written consent of the SELLER, such consent not (c) join in any representations the SELLER may properly to be unreasonably withheld or delayed. G20 TUPE make to the Land Registry relating to the application. G20.1 If the SPECIAL CONDITIONS state “there are no employees G23.4 The SELLER must promptly: G28 Notices and other communications to which TUPE applies”, this is a warranty by the SELLER to (a) give to the BUYER full details of all rent review this effect. G28.1 All communications, including notices, must be in writing. negotiations and proceedings, including copies of all Communication to or by the SELLER or the BUYER may be G20.2 If the SPECIAL CONDITIONS do not state “there are no correspondence and other papers; and given to or by their conveyancers. employees to which TUPE applies” the following paragraphs (b) use all reasonable endeavours to substitute the G28.2 A communication may be relied on if: apply: BUYER for the SELLER in any rent review proceedings. (a) delivered by hand; or (a) The SELLER must notify the BUYER of those G23.5 The SELLER and the BUYER are to keep each other (b) made electronically and personally acknowledged employees whose CONTRACTs of employment will informed of the progress of the rent review and have regard (automatic acknowledgement does not count); or TRANSFER to the BUYER on COMPLETION (the to any proposals the other makes in relation to it. “Transferring Employees”). This notification must (c) there is proof that it was sent to the address of the person G23.6 When the rent review has been agreed or determined the be given to the BUYER not less than 14 days before to whom it is to be given (as specified in the SALE BUYER must account to the SELLER for any increased rent MEMORANDUM) by a postal service that offers normally COMPLETION. and interest recovered from the tenant that relates to the to deliver mail the next following BUSINESS DAY. (b) The BUYER confirms that it will comply with SELLER’S period of ownership within five BUSINESS DAYS its obligations under TUPE and any SPECIAL of receipt of cleared funds. G28.3 A communication is to be treated as received: CONDITIONS in respect of the TRANSFERring G23.7 If a rent review is agreed or determined before COMPLETION (a) when delivered, if delivered by hand; or Employees. but the increased rent and any interest recoverable from (b) when personally acknowledged, if made electronically; (c) The BUYER and the SELLER acknowledge that the tenant has not been received by COMPLETION the but if delivered or made after 1700 hours on a pursuant and subject to TUPE, the CONTRACTs of increased rent and any interest recoverable is to be treated BUSINESS DAY a communication is to be treated as employment between the TRANSFERring Employees as ARREARS. received on the next BUSINESS DAY. and the SELLER will TRANSFER to the BUYER on G23.8 The SELLER and the BUYER are to bear their own costs in G28.4 A communication sent by a postal service that offers COMPLETION. relation to rent review negotiations and proceedings. normally to deliver mail the next following BUSINESS DAY (d) The BUYER is to keep the SELLER indemnified against G24 TENANCY renewals will be treated as received on the second BUSINESS DAY all liability for the TRANSFERring Employees after G24.1 This CONDITION G24 applies where the tenant under a after it has been posted. COMPLETION. TENANCY has the right to remain in occupation under part G29 CONTRACTs (Rights of Third Parties) Act 1999 G21 Environmental II of the Landlord and Tenant Act 1954 (as amended) and No one is intended to have any benefit under the G21.1 This CONDITION G21 only applies where the SPECIAL references to notices and proceedings are to notices and CONTRACT pursuant to the CONTRACTs (Rights of Third CONDITIONS so provide. proceedings under that Act. Parties) Act 1999.

55 AUTHORISATION FORM FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

I hereby instruct Network Auctions (the ‘Auctioneers’) to bid on my behalf in accordance with the terms and conditions shown in this agreement. I acknowledge that if my bid is successful I will have entered into a binding contract to purchase the lot and authorise the Auctioneers herewith to sign the auction contract on my behalf.

Name ...... Telephone (tick) Internet (tick) Proxy (tick)

Address ...... Postcode ......

TELEPHONE NUMBERS

Business ...... Home ...... Mobile ......

Email address ......

Address of Lot ...... Postcode ......

Lot No......

Amount of deposit ......

Maximum bid (Figures) ...... (Words) ......

Solicitors ...... Solicitors Tel No......

Contact Name ...... Email ......

Solicitors Address ...... Postcode ......

Signed ...... Date ......

TERMS & CONDITIONS FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

1. The completed form must be delivered to the Auctioneers will not be liable to the bidder if he/ In addition to the above terms and conditions the Network Auctions (42-44 Clarendon Road, Watford, she fails to check. following four apply to telephone bidders only: Hertfordshire WD17 1JJ) no later than twenty four 6. The bidder is deemed to have read the auction 1. The Auctioneers will attempt to make contact with the hours prior to the auction with the appropriate catalogue, the Auctioneers’ ‘Important Notes For bidder on the telephone number/s provided but take no payment. If you intend to bid for more than one lot Auction Bidders’ and to be aware of the guide price responsibility for the availability, quality or sustainability then a separate form for each lot must be completed. that the Auctioneers are quoting. of ‘the line’. When contact is made a member of the 2. The completed form must be delivered with Auctioneers’ staff will take bids from the bidder and 7. If the bidder attends the saleroom without having a payment to include the deposit of 10% of the relay them to the Auctioneer. cancelled this agreement and bids for the lot in maximum bid (subject to a minimum of £2,500) and 2. If telephone contact is ‘lost’ or a connection cannot the auctioneers’ administration fee of £750 plus person, the Auctioneers are free to accept such bids in addition to any bids made under this agreement. be made the bidder hereby authorises the Auctioneers vat (£900). This payment can be made by cheque to bid on his/her behalf up to the maximum bid amount or banker’s draft (payable to Network Auctions). 8. The Auctioneers assume that the bidder is bidding shown on page 1 of this agreement. Payments by credit card or cash cannot be accepted. for himself/herself. If the bidder intends to purchase 3. A bidder bidding by telephone may exceed the Cheques supplied by unsuccessful bidders will be the lot in a name other than his/her personal name maximum bid amount shown on page 1 and undertakes destroyed. (and other than as shown on page 1 of thisagreement), to provide the additional deposit funds (the difference arrangements must be made with the Auctioneers 3. If the bidder purchases the lot at less than ten between the deposit provided and 10% of the purchase times the sum of the deposit provided, the whole in advance. price) to the Auctioneers immediately post auction. of the deposit provided will be used as the deposit 4. The Auctioneers reserve the right not to bid on behalf payment and an adjustment will be made at Proof of Identity of the bidder in the event of any uncertainty, error or completion by the seller’s solicitors who will provide a The completed form must be delivered with proofs of disagreement and give no guarantee that any bid can completion statement showing the adjustment. identity as detailed in the auction catalogue. Without these the Auctioneers will be unable to action this bid. be communicated to the Auctioneer prior to any other 4. The bidder is deemed to have inspected the legal bids made in the saleroom. pack and to have taken all necessary legal and other In addition to the above terms and conditions the professional advice prior to bidding. The bidder is following applies to internet bidders only: In addition to the above terms and conditions the also deemed to have viewed the property (where 1. Internet bidders accept that access to Essential following two apply to proxy bidders only: viewings are made available by the Auctioneers). information Group’s (EIG) services (via EIG’s or 1. The Auctioneers will make bids for the bidder up 5. The bidder is deemed to have full knowledge Network Auctions’ website or services) could be to the maximum amount shown on page 1 of this of the General and Special Conditions of Sale and interrupted or withdrawn at any time. If you intend agreement, but not higher under any circumstances. the Notice to All Prospective Buyers therein. The to bid by internet you should also consider making 2. The Auctioneers undertake with the bidder to make bidder is also deemed to have full knowledge of any an alternative provision for making bids prior to the an initial bid on the bidder’s behalf at a ﬁgure no higher addendum produced by the Auctioneers at or prior auction. Neither the Auctioneers nor EIG have any than the reserve price and further undertake to bid to the auction. Bidders are advised to check whether liability if a bid fails to be received by us or if the bid is incrementally on the bidder’s behalf as per other bids any relevant addendum has or will be produced, but delayed or made in error for any reason. made in the saleroom.

56 www.networkauctions.co.uk

MEMORANDUM

Date: ......

Name of Seller: ......

Address of Seller: ......

Name of Buyer: ......

Address of Buyer: ......

Phone Number: ...... Email: ......

Lot Number: ......

Address: ......

‘The Price’: ......

‘Administration Charge’: £900 incl VAT payable by the buyer to The Auctioneers in addition to ‘The Price’

‘The Completion Date’: ......

Deposit Paid to Auctioneers: ......

Balance due at Completion: ......

The seller agrees to sell and the buyer agrees to buy ‘The Lot’ for ‘The Price’ and to complete the purchase on ‘The Completion Date’.

This agreement is subject to the Auctioneers’ Conditions of Sale, Common Auction Conditions (Edition 4) and General Conditions of Sale (as published in the auction catalogue) and the Special Conditions of Sale (as provided in the Legal Pack and as settled by the seller’s solicitors).

Signed on behalf of the Seller: ...... By Network Auctions for and on behalf of the seller

Signed by the Buyer: ......

Buyer’s Solicitors: ......

Phone Number: ...... Email: ......

Name of Solicitor: ......

00642_NA_Cover_SEPT 18.indd 5 20/08/2018 10:46 PROPERTY TO SELL? TALK TO US We are pleased to advise on LOCAL EXPERTISE | NATIONAL COVERAGE all aspects of selling by auction and provide appraisals for properties anywhere in the UK.

Our unique approach combines PROPERTY AUCTION CATALOGUE major auction events in London with a network of partner ﬁrms throughout the country. Sellers beneﬁt WEDNESDAY 12 SEPTEMBER 2018 AT 2:00 pm from the best of both worlds – GROSVENOR HOUSE HOTEL, 86-90 PARK LANE, expert local marketing combined LONDON W1K 7TN with national exposure, it’s the right way to achieve the best possible price for your property.

FUTURE AUCTIONS THURSDAY 25 OCTOBER 2018 THURSDAY 13 DECEMBER 2018 FULL PROGRAMME OF AUCTIONS IN 2019

E [email protected] T 020 7871 0420 www.networkauctions.co.uk

42-44 Clarendon Road, Watford, Hertfordshire WD17 1JJ

00642_NA_Cover_SEPT 18.indd 2 20/08/2018 10:46