Thursday 27th February 2020 6.00pm Readings Property Group 48 Granby Street Leicester LE1 1DH AUCTION VENUE Thursday 27th February 2020 6.00pm Readings Property Group 48 Granby Street Leicester LE1 1DH ORDER OF SALE Thursday 27th February 2020 6.00pm The Offices of Readings, 48 Granby Street, Leicester LE1 1DH LOT ADDRESS *GUIDE PRICE LOT TYPE 1 46 Cropthorpe Avenue, Evington, Leicester, Leicestershire LE5 4QL £55,000 Residential Land Adjacent to 23 Rawson Street, Enderby, Leicester, Leicestershire 2 £70,000 Plots/Building Land LE19 4NY 3 23 Rawson Street , Enderby, Leicester, Leicestershire LE19 4NY £100,000 Residential for Improvement 4 260 Aylestone Road, Leicester, Leicestershire LE2 7QT £100,000- £120,000 Residential 5 1 St James Road, Leicester, Leicestershire LE2 1HR £300,000 Mixed Use 6 Land Adjacent to Fieldview, Fieldway, Earl Shilton, Leicestershire LE9 7LU £250,000 Plots/Building Land Former Social Centre & Warden's Flat, Kirby Grange Retirement Village, 7 £80,000-£100,000 Mixed Use Botcheston, Leicestershire LE9 9FG 8 Flat 3 Kings Court, Kings Drive, Leicester Forest East, Leicestershire LE3 3JF £60,000 Residential 9 31 Stanley Drive, Leicester, Leicestershire LE5 1EB £225,000 Residential for Improvement 10 38 Saxby Street, Highfields, Leicester, Leicestershire LE2 0NE £325,000 Residential Investment 11 11 Spinney Hill Drive, Loughborough, Leicestershire LE11 3LB £300,000 Residential for Improvement 12 Land to the rear of 150 Hinckley Road, Earl Shilton, Leicestershire LE9 7LE £250,000 Plots/Building Land *Description on Auction Information page auctionhouse.co.uk/leicestershire MESSAGE FROM THE AUCTIONEERS Auction Team Auction House UK had lots to celebrate at the end of 2019 as it was the most successful year ever Selling more than 3,800 lots across the UK from its network of 40 regional sales rooms and at an increased success rate of 77.3% up from 74% in 2018. The group was recently awarded gold as residential auction service of the year at the Negotiator Awards in London. This latest success means that the total number of properties sold under the Auction House brand in its twelve year history has just exceeded 30,000 properties. This great success confirms our policy to combine local knowledge and national marketing, selling local properties to local people. By the time you are reading this we will have passed the D-day of January 31st and will be in the process of leaving Europe which has had its impact on the general property market during 2019 with some purchasers standing on the side lines unable to make a decision. Those that were bold and took the plunge have seen further capital appreciation in their house purchases with the East Midlands, Leicester in particular targeted for exceptional growth in the foreseeable future. Our Lettings divisions remains busy with rents increasing upon renewal. We are pleased with our first catalogue of 2020 with a good spread of residential properties for improvement, building plots for development and excellent investment opportunities. Our next auction is 30th April 2020 and if you feel you have anything that you would like to sell in that sale do give James Court a call who would be happy to discuss an auction sale. James Court Director - Auction House Leicestershire NEXT AUCTION DATES 30th April 2020 • 9th July 2020 • 17th September 2020 • 3rd December 2020 AUCTION INFORMATION Administration Charge Purchasers will be required to pay by cheque, an Pre Auction Sales Offers made on property included in this auction may be administration charge of £900.00 (£750.00+VAT) or the fixed figure as accepted by the Vendor prior to the auction. In such instances all buyer stated in the property details, in addition to the deposit. A VAT receipt will charges will be payable including the Administration Charge, any Buyers be issued after the auction. Premium plus all other payments detailed in the Special Conditions of Sale. If you are intending to bid at the auction for a specific lot, we recommend Attending the Auction It is always wise to allow sufficient time to that you keep in contact with the Auctioneer's office. get to the auction. Legal packs for most of the properties will be The Auctioneers or Vendors cannot be held responsible for costs incurred in available for inspection. It is important you read these and the final respect of any lot which is withdrawn or sold prior to auction. addendum/amendment sheet which will also be available as any purchase will be subject to these. Post Auction Sales If a property you are interested in is not sold during the auction please speak to the Auctioneer and make an offer at, above or below Bidding Each property will be offered individually by the Auctioneer. Ensure the Guide. Your offer will be put forward to the Vendor and if accepted, you that your bids are clear and noticed by the Auctioneer. If you are successful will be able to proceed with your purchase under auction rules. Offers should in bidding for the property you will be approached by a member of Auction take into account the Administration Charge, any Buyers Premium plus all House staff who will request your personal information and identification. other payments detailed in the Special Conditions of Sale as all of these are You will then be guided to our administration area and then the cashier desk still payable irrespective of the circumstances. for payment of the deposit. Proof of Identification In order to comply with Anti-Money Laundering Bidding by Proxy or Telephone If you are unable to attend the auction you regulations we ask that all prospective purchasers provide Proof of Identity are invited to contact us to discuss special arrangements for bidding by proxy and Residence. Please bring your passport or photographic UK driving licence or telephone. A Non-Attending Bid or Telephone Bid form and conditions and a recent utility bill, bank statement or council tax bill to the auction. If are included in auction catalogues or can be downloaded from the Bidding purchasing on behalf of a company you will also need a letter of authority Form links on our website. on company letterhead. We will carry out Electronic AML checks on successful Buyers Premium Purchasers of some lots will be required to pay a Buyers buyers and remote bidders. It will include a search with Experian who may Premium to the auctioneer in addition to the deposit - see individual check the details you supply against any particulars on any database (public property details. or otherwise) to which they have access. They may also use your details in the future to assist other companies for verification purposes. A record of Deposit When you sign the Memorandum of Sale you will be asked to pay the search will be retained. a deposit of 10% of the purchase price subject to a minimum deposit of Reserve Price Each property will be offered subject to a reserve price which £3,000. Deposits can only be paid by electronic bank transfer, bankers draft, we expect will be set within the guide price range or no more than 10% above personal cheque, debit card or building society cheque. Cash or credit card a single figure guide. This is a confidential figure set between the Vendor and payments will not be accepted. Please note, should the cheque have to be the Auctioneer just prior to the auction. It is a figure below which the represented, a processing charge of £60.00 (£50.00 + VAT) will be charged Auctioneer cannot sell the property during the auction. After the auction by deduction from the deposit. offers will be sought and considered on Unsold Lots at prices below the Disbursements Some disbursements may become payable by the purchaser reserves. on completion, these will be detailed in the Special Conditions of Sale within Solicitors Details The name, address and telephone number of the solicitor the property’s Legal Pack. who will be acting for you in any purchase will be required before you leave Disclaimer Particulars on the website and within our catalogue are believed the auction room. to be correct but their accuracy is not guaranteed. Information relating to The Catalogue Details of the property and land to be sold are set out in our Rating matters has been obtained by verbal enquiry only. Prospective catalogue and on our website auctionhouse.co.uk All lots are sold subject to purchasers are advised to make their own enquiries of the appropriate Special Conditions of Sale. It is important that prospective purchasers satisfy Authority. All measurements, areas and distances are approximate only. themselves as to the location, boundaries, condition and state of the lots Potential purchasers are advised to check them. before the auction. Energy Performance Certificates (EPCs) Where required we include EPC The Contract The Memorandum of Sale will be signed in duplicate. One ratings within Full Details and on the lot page within our catalogue. When copy will be given to you, which you must give to your solicitor. The second available EPC Graphs can be viewed online at auctionhouse.co.uk. copy will be retained by the Vendors’ solicitor. Completion usually takes place after 28 days but this date can vary. The legal pack of each property will state General Data Protection Regulations (GDPR) This defines new customer the completion date due. The date may also be announced immediately prior rights and company obligations introduced on 25th May 2018. For to the commencement of bidding of each lot. full details please refer to the Privacy Policy showing on our website www.auctionhouse.co.uk/leicestershire. The Legal Aspect Buying at auction is a contractual commitment.