Cumbrian Properties Tuesday 20th September 2016 The Halston Aparthotel, Auctions 20-34 Warwick Road, Carlisle CA1 1AB The quick, simple and effective Registration 5.30pm way to sell your house for 6pm start SALE CATALOGUE Thirty Six Welcome to Meet the auction team Cumbrian Properties Auctions The quick and easy way to buy and sell property Jackie Miller Caroline Sisson Emma Steel Auction valuer Auction valuer Auction accounts Maximise your property value Achieving the maximum price is paramount. Many properties come on to the market and in order to achieve a sale the vendor has to reduce and reduce the price. Auction is the opposite, we start with an attractive guide price to stimulate interest, enabling us to achieve a higher selling price. Kathryn Kelly Jodie Lorimer Rebecca Carr Auction accounts Auction accounts Auction accounts Auction is a great marketing tool, in maximizing the selling price through high profile marketing, inviting serious buyers, in a genuine position to proceed, to accumulate in one place encouraging direct competition, resulting in the best price being achieved for your property. Many sellers actually receive bonus prices for their properties at auction, as two or more people battle for the property, in the auction room. Karen McCarthy Ann Miller Richard Francis Auction administrator Auction administrator Auctioneer 2 Visit our website for further details www.cumbrian-properties.co.uk VENUE: The Halston Aparthotel, 20-34 Warwick Road, Carlisle CA1 1AB TIME: Registration 5.30pm for 6pm start Tesco Victoria Place M6 J43 Carlisle United Football Club Warwick Rd Warwick Rd Premier DIRECTIONS Inn Eastern Rosehill From the M6 motorway, junction 43, Way Industrial Lowther St Lowther Estate northbound take the first exit onto the Cecil St Tesco Victoria Place A69 signposted Carlisle City Centre. Portland M6 J43 Carlisle United Proceed along the A69/Warwick Road Football Club Square Warwick Rd Warwick Rd for approximately 1.7 miles, towards the Premier city centre. The Halston Aparthotel is Inn Eastern Rosehill Way Industrial situatedSt Lowther on Cecilthe St left hand side. Estate Portland Square PARTNER AGENTS Instruct us to sell your property and it will be advertised on the following websites. VIEWING Making the most of advertising your property! 3 Visit our website for further details www.cumbrian-properties.co.uk Terms & Conditions Option 1 and Option 2 We recommend that professional advice should be the date of the Sale Memorandum. Completion of the sale taken by Buyers to ensure they are aware of these and purchase of the lot must take place within 14 days (or if complexities. Buyers should have their professional that day is not a Business Day on the next Business Day) of the date of exchange of contracts. The Sale Memorandum advisers consider and advise them on all aspects of is not a legally binding contract for the Seller to sell and the their prospective purchase. Buyer to buy the particular lot but represents the intention to do so. However, the Seller will have the security of the AUCTION TYPES non-refundable reservation fee provided that this fee shall be 1. We have two types of auction and it is the Buyer’s returned to the Buyer if prior to exchange of contracts the responsibility to check which one applies (the terms and Seller withdraws the property for sale. conditions of sale applicable to each auction type is different). All reservation fees will be held in the Client Account of 1.1 OPTION ONE Cumbrian Properties ELA Ltd until exchange of contracts. On the fall of the gavel the Buyer is required to pay a deposit 2. PaYMENT OF DEPOSIT/RESERVATION FEES to us equal to 10% of the successful bid price. Exchange Deposits/reservation fees may be paid by cheque, debit card of contracts (between the Seller and the Buyer) occurs or by prior arrangement into the Client Account of Cumbrian immediately and the Buyer will sign the contract in respect Properties. Unfortunately cash cannot be accepted. of the property which is available for inspection by him immediately prior to the auction. Completion of the sale and 3. VarIATION TO THIS CATALOGUE purchase of the lot will take place 28 days following An addendum may be displayed at the auction showing any (or if it is not a Business Day on the next Business Day) the alterations to the information contained in the catalogue. date of exchange of contracts. It is the Buyer’s responsibility to check this prior to bidding and we accept no liability for the Buyer (or the Buyers 1.2 OPTION TWO representative) not doing so. If the lot is in an Option Two type auction, the lot will be subject to the Option Two Conditions as follows:- 4. CHARGES On the fall of the gavel or acceptance of an offer by the Seller, 4.1 In all cases (whether a property is sold under Option One the Buyer shall pay a £3,000 non-refundable reservation fee or Option Two) the Buyer must pay us a buyers to us and sign the applicable Sale Memorandum requiring administration fee of £500 plus VAT (£600). exchange of contracts to take place within 28 days (or if 4.2 All fees and charges payable to us shall be paid without that day is not a Business Day on the next Business Day) of deduction counterclaim or set-off. 4 Visit our website for further details www.cumbrian-properties.co.uk All persons interested in bidding must register at the foyer of the auction. When a bid is successful, the bidder will be escorted to the administration area to pay the deposit, provide details of their solicitors and pay the £500 plus VAT (£600) buyers registration fee. BIDDING NOTES anticipated rental income which All bids are to be made clearly. The In all cases, whether the property is sold is vital to calculate the amount you Auctioneer reserves the right to regulate prior, on the night or post auction the would offer at Auction. bidding and to refuse undesirable bids. successful buyer will be required to pay The Vendor reserves the right to bid up to the a buyers registration fee of £500 plus VAT MISREPRESENTATION ACT 1967 reserve price or to authorise the Auctioneer (£600). NOTICE: Cumbrian Properties Auctions for themselves and for the vendors to do so. To the best of our knowledge all details of any property in this catalogue whose In the event of any dispute in respect of the are correct at the time of going to press. agents they are, give notice that: Auction, the Auctioneer’s decision is final. The sale is held in two distinct sections please Each lot is offered subject to the reserve price read the notes carefully relating (1) The particulars or property featured in this unless otherwise stated. to the differences in the sections. catalogue do not constitute, nor constitute Sealed bids and proxy bids are acceptable. We recommend prospective purchasers any part of, an offer or a contract; See forms later in this catalogue. inspect any property they intend to bid (2) All statements contained in this catalogue on, prior to auction. as to properties featured herein are made RESERVES without responsibility on the part of Purchasers must satisfy themselves All properties unless otherwise stated are sold Cumbrian Properties Auctions or the vendor; subject to a reserve price. as to the condition of properties, and (3) None of the statements contained in this NOTE Each auction property is offered at a any planning issues, prior to making guide price and is also subject to a reserve price. a formal offer. catalogue are to be relied on as statements or The guide price is the level where the bidding representations of fact; will commence. The reserve price is the sellers Cumbrian Properties can help (4) Any intending purchaser must satisfy minimum acceptable price at auction and the when investing in property or himself by inspection or otherwise as to the figure below which the auctioneer cannot sell. becoming a landlord correctness of each of the statements relating The reserve price, which may be up to 10% There are many issues which need to be to any properties in this catalogue; higher than the guide price, is not disclosed and addressed when starting an investment (5) The vendor does not make or give, and remains confidential between the seller and portfolio, for example: financing, tax, neither Cumbrian Properties Auctions nor the auctioneer. Both the guide price and the shorthold tenancy agreements, insurance etc. reserve price can be subject to change up to and any person in their employment has any We offer advice and a complete management including the day of the auction. authority to make or give, any representation contract to give you peace of mind and or warranty in relation to properties featured VIEWING security to invest, from a single property up in this catalogue. All persons wishing to view any property to a portfolio of many. should call the office listed with each lot, If you wish we can also assess the property to make further arrangements. you wish to purchase and give you an 5 Visit our website for further details www.cumbrian-properties.co.ukVisit our website for further details www.cumbrian-properties.co.uk LOT GUIDE PRICE £XX,000+ XXXXXXXXXXXXXX XXXXXXXXXXXXXXX OPTION 1: Exchange with a 10% deposit Text ConveyancingConveyancing servicesservices forfor all all your your propertyproperty needs needs Cumbrian Properties VIEWING xxxxxx Tel: 0 www.bannisterbates.co.ukwww.bannisterbates.co.uk 6 Visit our website for further details www.cumbrian-properties.co.uk LOT GUIDE PRICE 1 £87,500+ 22 ROSEHILL DRIVE CARLISLE OPTION 1: Exchange with a 10% deposit Situated in this popular residential area to the west of the city, a three bedroom, end-terraced property which has been extended by the current owners but does require some completion work.