PROPERTY AUCTION CATALOGUE · 2015-10-08 · LOcAL eXPerTISe | NATIONAL cOVerAGe PROPERTY AUCTION CATALOGUE WeDNeSDAy 21 OcTOBer 2015 at 2:00 pm GrOSVeNOr HOUSe HOTeL, 86-90 PArK

L O c A L e X P e r T I S e | N A T I O N A L c O V e r A G e

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P R O P E R T Y A U C T I O N C A T A L O G U E

WeDNeSDAy 21 OcTOBer 2015 at 2:00 pm

GrOSVeNOr HOUSe HOTeL , 86-90 PArK LANe, LONDON W1K 7TN

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Grosvenor House Hotel is located in central London’s elegant mayfair district, on world-famous Park Lane overlooking Hyde Park.This 5-star hotel was fi rst 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, including the original Lutyens wrought-iron gates that lead into our elegant forecourt.

DirectionsThe 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) which runs parallel to Park Lane in a one way direction towards Oxford Street.

Nearest tube station:marble Arch

www.marriott.co.uk

VENUE LOCATION

t 020 7871 0420 | e [email protected] w w. n e t w o r k a u c t i o n s . c o . u k

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Heathrow Expressat Paddington Station3/4 mile

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GROSVENOR HOUSE HOTEL86-90 PArK LANe. LONDON W1K 7TN

INTRODUCING THE AUCTION TEAM

Toby [email protected]

Penny [email protected]

Stuart [email protected]

Richard [email protected]

Guy [email protected]

Sam [email protected]

Stuart [email protected]

Mark [email protected]

Emma [email protected]

Mike [email protected]

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wednesday 21 october 2015 at 2:00 pm

order oF saLe

Lot address Lot address Lot address

Network AuctioNs – uk’s top AuctioN House

At a glittering awards ceremony at the Belfry in Oxfordshire on Wednesday 23rd September, Network Auctions were voted the UK’s best auction house 2015 by the professional body responsible for the auction sector – NAVA (the National Association of Valuers and Auctioneers).

Fighting off fierce competition for this major award, network auctions’ unique co-branded approach with partner agents, generous fee sharing and auctions in both London and birmingham helped set them part from the rest.

Directors Toby Limbrick and Stuart Elliott together with Richard Worrall, Penny Nichol, Susan Sapone and Emma Brooks collected the award in front of an audience of the UK’s leading auctioneers and estate agents.

Toby Limbrick, Managing Director of Network Auctions said: “We are naturally delighted to have been voted best auction house by NAVA this year. This is fantastic recognition of the work of our team and our partner agents in ensuring we deliver the finest range of auction services in the UK.”

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1 24-26 Station Road, Teignmouth, Devon, TQ14 8PE

2 16 Hillary Close, Springfield, Chelmsford, Essex, CM1 7RR

3 Wheelwright Cottage, Waterrow, Taunton, Somerset, TA4 2AY

4 10 Whitmore Avenue, Werrington, Stoke-on-Trent, Staffordshire, ST9 0LW

5 184 Pinner Road, Watford Heath, Hertfordshire, WD19 4ES

6 Tump Court, Barrow, Boddington, Cheltenham, Gloucestershire, GL51 0TL

7 The Denn, Wood Lane, Thurlby, Bourne, Lincolnshire, PE10 0HQ

8 154A Lancaster Road, Barnet, Hertfordshire, EN4 8AL

9 Land between Lascotts Road and Spencer Road, Palmers Green, London, N22 8JN

10 90-92 Worcester Road and 10 Oxford Road, Malvern, Worcestershire, WR14 1NY

11 Garage at Whitecroft, St. Albans, Hertfordshire, AL1 1UU

12 4 & 10 Festival Mews, Hednesford, Staffordshire, WS12 4UT

13 21, 27 & 29 Scarsdale Road, Birmingham, Great Barr, B42 2JN

14 31 & 35 Southwark Close, Lichfield, Staffordshire, WS13 7SH

15 10 & 12 Deerham Close, New Oscott, Birmingham, B23 5XX

16 6 Richardson Avenue, South Shields, Tyne and Wear, NE34 9RR

17 Flat 1, 82A Holloway Road, London, N7 8JG

18 Flat 9, 82A Holloway Road, London, N7 8JG

19 Flats 1 - 32 St. Georges Court, Bellrock Close, Torquay, Devon, TQ2 8SD

20 New Lodge, Bridport Road, Drimpton, Beaminster, Dorset, DT8 3RD

21 11 Colfe Way, Kemsley, Sittingbourne, Kent, ME10 2TF

22 8 Castle Street, Poole, Dorset, BH15 1BQ

23 Balamere Lodge, Wood Lane, Iver, Buckinghamshire, SL0 0LG

24 111A Preston Down Road, Preston, Paignton, Devon, TQ3 1DS

25 8 and 8A Spring Gardens, Spalding, Lincolnshire, PE11 2XL

26 The Victoria, 56 Middlesbrough Road, Middlesbrough, Cleveland, TS6 6LZ

27 Quartleys, 22 Castle Street, Christchurch, Dorset, BH23 1DT

28 First Church of Christ Scientist, 42 Cheam Road, Sutton, Surrey, SM1 2SS

29 Unit A5a, Westwood Industrial Estate, Continental Approach, Margate, Kent, CT9 4JG

30 9 North Road, North Parade, Southall, Middlesex, UB1 2LF

31 1 Wellstones, Watford, Hertfordshire, WD17 2AE

32 114 Richmond Road, South Shields, Tyne and Wear, NE34 0QQ

33 2 Emmanuel Court Church Street, Broadstairs, Kent, CT10 2RE

34 Somerset Inn, New Pit, Paulton, Bristol, Avon, BS39 7PS

35 138 Meadow Walk, Epsom, Surrey, KT19 0BA

36 10 Old Road, Clacton-on-Sea, Essex, CO15 1HX

37 66 Bradley Close, Ouston, Chester Le Street, County Durham, DH2 1TJ

38 The Green Dragon, 23 South Street, Wellington, Somerset, TA21 8NR

NA_Lot Section_OCT 15_V2.indd 1 01/10/2015 16:25

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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:At auction the fall of the gavel creates a binding contract and we, as auctioneers, immediately require a deposit of 10% of the purchase price (subject to a minimum of £2,500). This deposit can be paid by cheque, banker’s draft or debit card. Payments by credit card or cash cannot be accepted

telephone, Proxy and Internet bidding:We are pleased to be able to offer remote bidding to anyone who is unable to attend the saleroom. Remote bidding can be by telephone, proxy and at our London saleroom by internet. Please download and complete the remote bidding form that is available on our website. Please note this form must be delivered to our office no later than twenty four hours prior to the auction and must be accompanied by identification documents, the 10% deposit and the auctioneers’ administration fee.

Prior sales & withdrawn Lots:Prospective buyers should contact us prior to the auction to confirm whether a lot has been sold or withdrawn. We and our clients shall not be responsible for any losses or abortive costs incurred by prospective buyers against lots that are withdrawn or sold prior to the auction.

definition of ‘Guide Price’ & ‘reserve Price’:A guide price is an indication of the seller’s current minimum acceptable sale price. The guide price, or range of guide prices, is given to assist interested parties in deciding whether or not to pursue their interest. It is usual, but not always the case, that a provisional reserve price is set by the seller prior to the catalogue being published. As the reserve price may not be fixed at this stage, and can be adjusted by the seller at any time prior to auction, a guide price is published. This guide price can be

shown as a range of prices above which the reserve price will not be set, or as a single figure within 10% of which the reserve price will be set. Both the guide price and reserve price can be subject to change at any time prior to the auction commencing.

A reserve price is the minimum price at which the seller allows the auctioneers to sell the lot at. It remains confidential between the seller and the auctioneers.

Particulars of sale:Bidders should check the particulars relating to any lot for which they intend to bid and ensure that they are satisfied with the accuracy of all measurements, areas, details, leases and other matters referred to in the particulars of the lot or the conditions of sale and all other matters subject to which the properties are sold or have the benefit of. Bidders should check that any contents, fixtures or fittings described as included in the sale and are the property of the seller. This should be done by inspecting the property and by making the necessary enquiries with the auctioneers, the seller or the sellers’ solicitors. Bidders should make all necessary searches and enquiries of appropriate bodies including local authorities and service providers. All measurements and areas referred to in the particulars are approximate. Bidders will be considered to have inspected the relevant property and have made all necessary and appropriate enquiries and searches.

sale of Property & completion:Bidders should note that a legally enforceable contract of sale of the relevant property on the terms set out in these notices and the general and special conditions of sale is created as soon as it has been ‘knocked down’ to the bidder by the auctioneer. Completion is required twenty working days after the auction date, unless specified otherwise.

administration charge:An administration charge of £750 + vat applies to each lot. This is paid by the buyer in the saleroom immediately after the lot has been ‘knocked down’. In the event of non-payment of the administration charge a deduction of £750 + vat will be made from the buyer’s deposit and this will need to be ‘made up’ by the buyer prior to completion.

Legal documents & additional costs: It is essential that bidders check the legal documents prior to bidding and take professional advice. Special conditions of sale can contain additional costs (that is costs over and above the price that the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.

rents, Information regarding tenants & Price estimates:Any estimates provided by the auctioneers regarding the price at which a property may be sold cannot be accepted by a buyer as advice or any form of valuation. Any estimates or suggestions given by the auctioneers regarding current or future rental prices must not be relied upon as a valuation, but merely as estimates for guidance purpose only.

addendum & auctioneer’s announcements:Amendments to the catalogue particulars or conditions of sale (addendum) will be displayed in the saleroom and will be read by the Auctioneer at the commencement of the auction. Addendum form part of the contract of sale and the addendum sheet may have to be signed by the buyer. Bidders are deemed to be aware of any addendum and any other announcements made by the Auctioneer, and bid subject to these. It is important therefore to arrive at the saleroom prior to the commencement of the auction.

Internet Viewing - Additional Auction Service - Internet Viewing

The Essential Information Group Ltd Tel: 0870 112 30 40

Visit www.eigroup.co.uk and select ‘Online Auctions’.Choose the auction and then ‘Viewing Gallery’.You will then see details of the lot being offered and canwatch the bidding as it happens.It is not possible to bid using this service.

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IdentIFIcatIon docUMents

Pre-aUctIon oFFers

cataLoGUe MaILInG LIst

important NoticeMoney Laundering regulations 2003 came into effect on the 1st March 2004.

As a requirement under this legislation, any person buying or bidding at auction, MUST produce documentation to confirm their name and residential address. Please find below a schedule of acceptable documentation.

You must provide one document from each list.

Please note that a driving licence can be used as evidence for one or the other BUT NOT BOTH.

Identity documents

• Current signed Passport

• Current full UK Photo Card Driving Licence

• Current full UK Driving Licence (old version) (Provisional driving licence will not be accepted)

• Resident Permit issued by the Home Office to EU Nationals

• Inland Revenue Tax Notification

• Firearms Certificate

evidence of address

• Local Authority tax bill (current year)

• A utility bill issued within the last 3 months

• Current full UK Driving Licence (old version) (Provisional driving licence will not be accepted)

• Bank Building Society or Credit Union Statement

• Most recent original mortgage statement from a UK lender

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.

printed cataloguesPrinted catalogues are available for each auction. We charge £15.00 plus VAT for a 12 month subscription, catalogues are sent by first class post.

to join the mailing list please complete the attached form and return it to us with your cheque for £18.00 made payable to network auctions Ltd.

emailEmail subscribers receive every catalogue, notification of changes to price guides and details of properties that may be available prior to or outside auction. This service is free of charge, register at www.networkauctions.co.uk

websiteA PDF of the catalogue can be downloaded in full from the Network Auctions website approximately 3 weeks prior to the auction. This service is free of charge.

title (Mr / Mrs / Ms) .......................................................................................................

First name .................................................................................................................

surname .....................................................................................................................

address .....................................................................................................................

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tel no. ........................................................................................................................

Mobile ........................................................................................................................

133 The Parade, Watford, Hertfordshire WD17 1NA


An end terrace property comprising two upperflats and a ground floor commercial premises.Description/Location:The commercial premises have been let on a 15 year lease fromJanuary 2014. The 2 upper flats have previously been sold on longleases. The commercial lease allows for 3 yearly rent reviews. Thecurrent tenant has recently invested in new shop fittings. Any overheadsincurred on the freehold are split three ways.

Tenure:Freehold

To View:Please contact Dart & Partners on 01626 772507

Local Authority:Teignbridge District Council01626 361101 www.teignbridge.gov.uk

LOT

1TEIGNMOUTH24-26 STATION ROAD, DEVON, TQ14 8PE

GUIDE PRICE:£95,000+Current rental value : £8,000 pa

4GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUEGUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE

A 3 bedroom semi detached house requiringcomplete modernisation, developmentpotential, vacant.Description/Location:The property is situated in the popular Springfield district close to thetown centre, Chelmsford station 0.8 miles. The property requirescomplete modernisation and refurbishment, there is potential forextension or conversion to flats subject to planning.

Accommodation:Ground Floor:Entrance hall, living room, dining room, kitchen.First Floor:Landing, 3 bedrooms, bathroom.Outside: Gardens front and rear.Energy Rating: EPC Commissioned, result pending.

Tenure:Freehold with vacant possession.

To View:Please contact Elliott Network Auctions on 020 7871 0420

Local Authority:Chelmsford City Council01245 606606 www.chelmsford.gov.uk

LOT

2CHELMSFORD16 HILLARY CLOSE, SPRINGFIELD, ESSEX, CM1 7RR

GUIDE PRICE:£210,000+

5GUIDE PRICES - FOR FURTHER INFORMATION PLEASE REFER TO 'IMPORTANT NOTES FOR AUCTION BIDDERS' AT THE FRONT OF THE CATALOGUE

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A beautiful rural cottage in small andpicturesque hamlet location, with one bedroomand detached gardens abutting the River Tone.In need of some upgrading. Ideal holiday let /holiday home.Description/Location:The detached gardens are on three different levels and have the scopeto provide an off-sreet parking space or garage (subject to planning).The hamlet itself has a popular public house / restaurant and is just tenminutes' drive from either Wiveliscombe or Bampton for every dayshopping needs and other facilities.

Accommodation:Ground Floor: Entrance hall, sitting room, kitchen.First Floor: Bedroom, dressing area, bathroom.Outside:See garden description above.

Tenure:Freehold- Vacant Possession

To View:Please contact Gibbins Richards on 01823 663311

Local Authority:Taunton Deane Borough Council01823 356356 www.tauntondeane.gov.uk

LOT

3TAUNTONWHEELWRIGHT COTTAGE, WATERROW, SOMERSET, TA4 2AY

GUIDE PRICE:£90,000 - £100,000


A 3 bedroom detached house located in thepopular area of Werrington.Description/Location:The property is situated in a popular area with schooling and offers easyaccess into Hanley & Leek. The A50 and A500 are also easilyaccessible.

Accommodation:Ground Floor: Porch, entrance hall, shower room, sitting room, diningroom, kitchen, study.First Floor: 3 bedrooms, bathroom.Outside: Front and rear gardens with off street parking.


To View:Please contact Goodchilds Network Auctions on 01782 206713

Local Authority:Stoke on Trent City Council01782 234567 www.stoke.gov.uk

LOT

4STOKE-ON-TRENT10 WHITMORE AVENUE, WERRINGTON, STAFFORDSHIRE,ST9 0LW

GUIDE PRICE:£110,000 - £120,000Estimated Rental Value: £8,400 pa


A freehold site of 0.3 acres with planning permission for 2 substantial 5 bedroom detachedhouses.Description/Location:Situated in a sought after location directly opposite Watford Heath and comprising an exixsting character 4 bedroom detached house on a site of0.3 acres. Planning permission was granted by Watford Borough Council on 16th October 2014 (Planning Ref No 14/01145/FUL) for the demolitionof the existing property and the erection of 2 new houses.

We are informed by the current owner that structural & landscape drawings and site surveys have already been carried out. Please refer to thelegal pack.

Accommodation:EXISTING DETACHED HOUSEGround Floor Entrance hall, kitchen, 2 reception rooms, double glazed conservatory, 2 double bedrooms, bathroom.First Floor 2 double bedrooms, bathroom.

PROPOSED ACCOMMODATIIONHouse 1 (Approx 3046 sq/ft)Ground Floor: Entrance hall, cloakroom, kitchen/dining room, utility room, living room, study.First Floor: Master bedroom with en-suite bathroom, second bedroom with en-suite bathroom, 3rd bedroom, family bathroom.Second Floor: 2 further bedrooms, bathroom.

House 2 (Approx 2529 sq/ft)Ground Floor: Entrance hall, cloakroom, kitchen/dining room, utility room, living room, study.First Floor: Master bedroom with en-suite bathroom & walk in wardrobe, 2 further bedrooms, family bathroom.Second Floor: 2 further bedrooms, bathroom.

Outside: Driveway leading from Sherwoods Road providing vehicular access to both properties. 2 off road parking spaces for each property.

To View:Please contact Elliott Network Auctions on 01923 240420

Local Authority:Watford Borough Council01923 226400 www.watford.gov.uk

LOT

5WATFORD HEATH184 PINNER ROAD, HERTFORDSHIRE, WD19 4ES



An attractive thatched cottage (1809 sq ft,source EPC) requiring modernisation,occupying a site of 1.29 acres with potential forfurther development, vacant.Description/Location:The property is situated in the hamlet of Barrow approximately 3 milesfrom Cheltenham, Cheltenham Spa station 3.4 miles. The houseprovides generous accommodation and a wealth of character featuresbut is not listed.The property provides great potential for extension and there is spaceto accommodate further dwellings on the site all subject to planning.

Accommodation:Ground Floor: Entrance hall, 3 reception rooms, kitchen, bathroom.First Floor: 3 bedrooms, bathroom.Outside: Extensive gardens to the front, side and rear withoutbuildings.


To View:Please contact Network Auctions on 020 7871 0420

Local Authority:Cheltenham Borough Council01242 262626 www.cheltenham.gov.uk

LOT

6CHELTENHAMTUMP COURT, BARROW, BODDINGTON, GLOUCESTERSHIRE,GL51 0TL



A 3 bedroom detached bungalow requiringrepair and occupying a site of 0.24 acres,vacant.Description/Location:The property is situated in the village of Thurlby just south of Bourneand has been thoughtfully extended and also undergone a completeprogramme of refurbishment. The local authority have confirmed thatfurther works are required prior to them issuing a completionstatement.A structural inspection report dated 03/09/2015 highlights these worksand is contained in the legal pack.There is potential to create further accommodation within the loft voidsubject to the usual consents.

Accommodation:Ground Floor: Entrance hall with oak floor (oak flooring extends to allareas with the exception of the bathrooms and utility room), largecloaks cupboard, shower room, spacious open plan living area withvaulted ceiling extending to the kitchen, utility room, master bedroomwith en-suite wet room, double bedroom with en-suite bathroom,bedroom 3 / study.Outside: Front garden with gravel driveway to garage, rear garden.



Local Authority:South Kesteven District Council01476 406167 www.southkesteven.gov.uk

LOT

7BOURNETHE DENN, WOOD LANE, THURLBY, LINCOLNSHIRE,PE10 0HQ



A 2 bedroom first floor flat that has beencompletely refurbished, ideal for occupation orrental investment, vacant.Description/Location:The property is situated in a popular residential location at the junctionof Lancaster Road and Longmore Avenue, Cockfosters tube 1 mile,New Barnet station 0.4 miles. Features include wooden floors, gasheating via radiators and double glazed windows. We estimate thecurrent rental value is £1250 pcm.

Accommodation:First Floor: Entrance hall, sitting room, kitchen, bathroom, 2 bedrooms.

Tenure:Leasehold with vacant possession.


Local Authority:London Borough of Barnet020 8359 2000 www.barnet.gov.uk

LOT

8BARNET154A LANCASTER ROAD, HERTFORDSHIRE, EN4 8AL

GUIDE PRICE:£225,000+Estimated Rental Value: £15,000 pa


A freehold site of 2555 sq ft with speculative developmentpotential, vacant.Description/Location:Situated between Spencer Road and Lascotts Road to the west of the High Road with vehicleaccess adjacent to 1a Spencer Road. The site was originally occupied by a block of 4 lock upgarages and a forecourt, the garages have been removed.The land has potential for immediate use as a car park or storage area and the garages couldbe re-instated subject to planning consent. The sale will include copy architect drawings andproposals for the erection a 3 storey cantilevered building comprising 2 x 2 bedroom and 1 x 3bedroom 3 self contained flats, planning would be required to implement the scheme.The land is subject to rights of way to the rear of properties from 1A to 15 Spencer Avenue. Werefer potential bidders to the legal pack for clarification of the rights of way and to the specialconditions for details of contributions towards the sellers costs associated with the sale.

Tenure:Freehold

Enquiries:

Please contact Elliott Network Auctions on 020 7871 0420

Local Authority:Haringay Council020 8489 0000 www.haringay.gov.uk

LOT

9LONDONLAND BETWEEN LASCOTTS ROAD AND SPENCER ROAD,PALMERS GREEN, N22 8JN



A freehold and part leasehold investment comprising a restaurant and 4 flats, let producing£55,800 pa.Description/Location:The property forms part of a retail parade situated on Worcester Road between Lygon Bank and Newton Road. The restaurant fronts WorcesterRoad with a self contained flat above, the three other flats are situated in the block to the rear facing Oxford Road. The restaurant is currentlyundergoing an extensive programme of refurbishment and improvement by the tenant. The leasehold title comprises only the lower ground floorand basement at 94 Worcester Road for a term of 99 years from 10/06/1999 at a fixed ground rent of £1 pa.

Floor/No. PresentLessee

Accommodation Lease Terms CurrentRent

NextReview/Reversion

Ground &Basement90-92 & LowerGround& Basement

Individual Ground Floor RestaurantLower Ground Floor RestaurantBar, Kitchen, StoreBasement Cellarage & WCs

6 years from 15.01.2014Rent review on the 3rd anniversaryFR & I(1) The lease provides a rolling break optionfrom the 2nd anniversary of the leasesubject to 6 months' written notice

£30,000pa

Rent Review 2017

First & Second

Floors 90/92

Individual First and Second Floor flat comprising6 rooms, kitchen, bathroom withseparate WC

12 Month AST from 01.04.2014 £12,000pa

Holding over

10 OxfordRoad

Individual First Floor flat comprising 2 rooms,kitchen and bathroom

12 month AST from 10.12.2013 £4,800 pa Holding over

10A OxfordRoad

Individual Second Floor flat comprising 2 rooms,kitchen and bathroom


10B OxfordRoad

Individual Third Floor flat comprising 3 rooms,kitchen and bathroom


£55,800pa


Local Authority:Malvern Hills01562 733175 www.malvernhills.gov.uk

LOT

10MALVERN90-92 WORCESTER ROAD AND 10 OXFORD ROAD,WORCESTERSHIRE, WR14 1NY

GUIDE PRICE:£350,000 - £375,000Current Rental Value: £55,800 pa.


MALVERN90-92 WORCESTER ROAD AND 10 OXFORD ROAD,WORCESTERSHIRE, WR14 1NY


All together now.

Buy-to-let and commercial mortgagesIrene Thomas

Auction fi nanceScott Hendry

Secured loansNick Jones

For professional use only.Together is a trading style of Auction Finance Limited. Auction Finance Limited is registered in England and Wales - Company Registration Number 04949929. Registered o� ce address: Lake View, Lakeside, Cheadle, Cheshire SK8 3GW.

If you liked us as Auction Finance, you’re going to love us as Together. As a group, we’ve been lending for over 40 years and we’re able to help with bridging fi nance, residential mortgages, secured loans, commercial and buy-to-let mortgages.

There’s a new name and still the same expert knowledge available in person at auctions up and down the country. Good property doesn’t hang around, so neither will we when it comes to securing your funding. People, not computers make our lending decisions. It’s just common sense.

For fast, fl exible auction fi nance call the auction team on 0161 933 7155 For other products visit togethermoney.com

Residential mortgagesTracey Bailey

Residential mortgages

Bridging fi nanceChris Baguley

LOT

11ST. ALBANSGARAGE AT WHITECROFT, HERTFORDSHIRE, AL1 1UU

GUIDE PRICE:£11,000+Estimated Rental Value: £900 pa

A freehold lock up garage within a block,ideal for owner occupation or rentalinvestment, vacant.Description/Location:The garage is situated in a small block adjacent to 23Whitecroft in a densely populated residential area close to thecentre of St Albans. The property is of brick construction belowa felt roof with a secure up and over door. Ideal for rentalinvestment or as secure, dry storage for own use, we estimatethe current rental value to be £75 pcm.


Local Authority:St Albans City and District Council01727 866100 www.stalbans.gov.uk

On the fall of the gavel and in addition to their deposit thebuyer will pay to the auctioneer the sum of £600 including VATby way of contribution towards the sellers auction costs.

LOT

12STAFFORDSHIRE4 & 10 FESTIVAL MEWS, HEDNESFORD, WS12 4UT

GUIDE PRICE:£4,000

A Parcel of 2 Freehold Ground RentsDescription/Location:A freehold ground rent investment secured on one semidetached house and one mews house.

Festival Mews lies off Belt Road around one mile west ofHednesford town centre.

Tenure:Freehold - subject to leases for a term of 99 years from29/9/1995.

The unexpired terms are therefore approximately 79 years.

The annual ground rents are £50 for each house rising to £100in 2028 and rising again to £150 in 2061.

The buyer's administration fee for this lot is reduced to £250plus vat.

Enquiries:Birmingham Office at 0121 456 1700


LOT

13BIRMINGHAM21, 27 & 29 SCARSDALE ROAD, GREAT BARR, B42 2JN

GUIDE PRICE:£6,000

A Parcel of 3 Freehold Ground RentsDescription/Location:A freehold ground rent investment secured on three semidetached houses.

Scarsdale Road forms part of the highly popular Perry BeechesEstate in Great Barr.


The unexpired terms are therefore approximately 69 years.

The annual ground rents are £40 for each house.



LOT

14STAFFORDSHIRE31 & 35 SOUTHWARK CLOSE, LICHFIELD, WS13 7SH

GUIDE PRICE:£8,000

A Parcel of 2 Freehold Ground RentsDescription/Location:A freehold ground rent investment secured on two semidetached houses with side garages.

Southwark Close can be approached from Eastern Avenue andis around 1.5 miles north of the centre of the Cathedral City ofLichfield.


The unexpired terms are therefore approximately 56.5 years.

The annual ground rents are £52.50 for each house rising to£70 in 2039.




LOT

15BIRMINGHAM10 & 12 DEERHAM CLOSE, NEW OSCOTT, B23 5XX

GUIDE PRICE:£9,000

A Parcel of 2 Freehold Ground RentsDescription/Location:A freehold ground rent investment secured on two detachedhouses with integral garages.

Deerham Close is a cul-de-sac off The Hurstway close to itsjunction with Maxted Road.


The unexpired terms are therefore approximately 61.5 years.

The annual ground rents are £75 for each house rising to £100in 2044.



LOT

16SOUTH SHIELDS6 RICHARDSON AVENUE, TYNE AND WEAR, NE34 9RR

GUIDE PRICE:£30,000 - £35,000Current Rental Value: £4,728 pa

A 1 bedroom first floor flat let on anassured shorthold tenancy producing£4,728 pa.Description/Location:The property is situated in a popular residential location,Simonside Metro Stop 0.4 miles. The flat benefits from a re-fitted kitchen and gas heating via radiators, let for 12 monthsfrom February 2015 at a current rent of £394 pcm.

Accommodation:First Floor: Living room, kitchen, bedroom and bathroom.

Tenure:Leasehold.


Local Authority:North Tyneside Council0345 200 0101 www.northtyneside.gov.uk


LOT

17LONDONFLAT 1, 82A HOLLOWAY ROAD, N7 8JG

GUIDE PRICE:£295,000+Estimated Rental Value: £15,000 pa

A 1 bedroom first floor flat situated in acentral location, ideal for occupation orrental investment, vacant.Description/Location:The property is situated in central London close to theexclusive shops and restaurants of Highbury and Islington,London Metropolitan University is within 0.2 miles, Highbury &Islington tube 0.3 miles. We estimate the current rental value is£1250 pcm.

Accommodation:First Floor: Entrance hall, sitting room, kitchen and utility room,bedroom, bathroom.Energy Rating: D/69

Tenure:Leasehold for 122 years from 14/05/2015.

To View:Please contact Fairview International Network Auctions on 0203011 0177

Local Authority:Islington council020 7527 2000 www.islington.gov.uk

LOT

18LONDONFLAT 9, 82A HOLLOWAY ROAD, N7 8JG

GUIDE PRICE:£140,000+Current Rental Value: £6000 pa

A top floor studio flat, let on an ASTproducing £6000 pa.Description/Location:The property is situated in central London close to theexclusive shops and restaurants of Highbury and Islington,London Metropolitan University is within 0.2 miles, Highbury &Islington tube 0.3 miles. The flat is currently let on an AST (nowperiodic) producing £500 pcm, we estimate the current rentalvalue is £800 pcm.

Accommodation:A top floor studio apartment comprising, studio room, kitchen,bathroom.


Local Authority:Islington council020 7527 2000 www.islington.gov.uk


30

Balgores Network Auctions Brentwood CM14 4DB Tel: 01277 216800 www.balgoresproperty.co.uk

Balgores Network Auctions Chelmsford CM1 1EH Tel: 01245 492424 www.balgoresproperty.co.uk

Balgores Network Auctions Hornchurch RM11 1RL Tel: 01708 470756 www.balgoresproperty.co.uk

Balgores Network Auctions Romford RM1 2HU Tel: 01708 755507 www.balgoresproperty.co.uk

Balgores Network Auctions Upminster RM14 2SU Tel: 01708 259530 www.balgoresproperty.co.uk

Christies Network Auctions Cheam SM3 8BU Tel: 020 8770 1624 www.christiesworld.com

Cooke & Co Network Auctions Cliftonville CT9 2QY Tel: 01843 231833 www.cookeandco.com

Diamond Move Network Auctions Hounslow TW4 5JP Tel: 020 8577 8855 www.diamondmove.co.uk

Elliott Network Auctions Watford WD17 1NA Tel: 01923 240420 www.networkauctions.co.uk

Fairview Network Auctions London W1S 1DX Tel: 020 3011 0177 www.fairviewnetworkauctions.com

Goodchilds Network Auctions Aldridge WS9 8PT Tel: 01922 745512 www.goodchilds-uk.com

Goodchilds Network Auctions Birmingham B3 3AG Tel: 0121 506 7670 www.goodchilds-uk.com

Goodchilds Network Auctions Burntwood WS7 0HQ Tel: 01543 687803 www.goodchilds-uk.com

Goodchilds Network Auctions Cannock WS11 1BS Tel: 01543 500011 www.goodchilds-uk.com

Goodchilds Network Auctions Erdington B23 6TE Tel: 0121 270 9744 www.goodchilds-uk.com

Goodchilds Network Auctions Lichfield WS13 6LL Tel: 01543 251310 www.goodchilds-uk.com

Goodchilds Network Auctions Stafford ST16 2JU Tel: 01785 225791 www.goodchilds-uk.com

Goodchilds Network Auctions Stoke-on-Trent ST1 1EG Tel: 01782 206713 www.goodchilds-uk.com

Goodchilds Network Auctions Sutton Coldfield B74 4AA Tel: 0121 323 4691 www.goodchilds-uk.com

Goodchilds Network Auctions Tamworth B79 7HL Tel: 01827 54156 www.goodchilds-uk.com

Goodchilds Network Auctions Telford TF1 1DG Tel: 01952 701019 www.goodchilds-uk.com

Goodchilds Network Auctions Walsall WS3 2EX Tel: 01922 711444 www.goodchilds-uk.com

Goodchilds Network Auctions Wednesbury SW10 7HQ Tel: 0121 506 7670 www.goodchilds-uk.com

Goodchilds Network Auctions Wednesfield WV11 1SP Tel: 01902 305044 www.goodchilds-uk.com

Goodchilds Network Auctions Wolverhampton WV1 1TX Tel: 01902 267111 www.goodchilds-uk.com

Grey & Co Network Auctions Wembley HA0 2AF Tel: 020 8903 3909 www.greyandco.net

Grey & Co Network Auctions Wembley Park HA9 9JS Tel: 020 8904 1235 www.greyandco.net

Haarer & Motts Network Auctions Devon TQ1 3HP Tel: 01803 322557 www.haarerandmotts.co.uk

Haigh Network Auctions Bristol BS6 7PY Tel: 0117 973 5889 www.haighandsons.co.uk

Hartwell Network Auctions Aylesbury HP20 2LD Tel: 01296 710200 www.hartwellpartnership.co.uk

Hill & Clark Network Auctions Boston PE21 7TQ Tel: 01205 352019 www.hillandclark.co.uk

Labbett Coast & Country Property Auctions Malden (Essex) Tel: 01702 445584 www.networkauctions.co.uk

Lane & Holmes Network Auctions Bedford MK40 2QH Tel: 01234 327744 www.hea.co.uk

Lettings & Sales Network Auctions Birmingham B23 6LT Tel: 0121 603 2727 www.lettings-sales.com

Marshalls Network Auctions Royston SG8 9LD Tel: 01763 247788 www.marshallsproperties.co.uk

Olive Branch Network Auctions Canary Wharf E14 Tel: 020 8269 2469 www.olivebranchestate.co.uk

Pennycuick Collins Network Auctions Birmingham B16 8PE Tel: 0121 456 1700 www.pennycuick.co.uk

Power Bespoke Network Auctions Reigate RH2 9RJ Tel: 01737 246777 www.powerbespoke.co.uk

Property Hub Network Auctions Harrow HA0 3HS Tel: 020 8903 1002 www.propertyhubltd.com

Quay Living Network Auctions Poole BH5 1EG Tel: 01202 683444 www.quayliving.co.uk

Queens Park Network Auctions London NW6 6NH Tel: 020 7372 5950 www.queensparkrealestates.co.uk

Richard Godsell Network Auctions Christchurch BH23 1BW Tel: 01202 499466 www.richardgodsell.com

Richard Godsell Network Auctions Highcliffe BH23 5ET Tel: 01425 272163 www.richardgodsell.com

Richard Godsell Network Auctions Southbourne BH6 3RE Tel: 01202 424214 www.richardgodsell.com

Roberts Newby Network Auctions Chalfont St Giles HP8 4QF Tel: 01494 871991 www.robertsnewby.com

Roberts Newby Network Auctions Gerrards Cross SL9 8PJ Tel: 01753 891188 www.robertsnewby.com

Shaw & Co Network Auctions Hayes UB4 0RW Tel: 020 8561 6888 www.shawandcoestates.com

Shaw & Co Network Auctions Hounslow TW5 0LH Tel: 020 8570 7258 www.shawandcoestates.com

SIA Network Auctions Brighton, West Sussex Tel: 01273 636545 www.siagroup.co.uk

St.Quintin Property Group Network Auctions Ferndown BH22 9HZ Tel: 01202 877123 www.stqpropertygroup.co.uk

Surelock Network Auctions Birmingham B25 8AQ Tel: 0121 400 7980 www.surelockhomes.co.uk

Tudor Network Auctions Southend on Sea SS2 6NE Tel: 01702 346818 www.trustintudor.co.uk/auctions

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L O C A L E X P E R T I S E | N A T I O N A L C O V E R A G E


OUR PARTNER AUCTIONEERS

To find out more about selling property at auction or to discuss becoming an auction partner please contact us.

020 7871 0420 | [email protected]

NA_Partner Ad_2015_v4.indd 30 01/10/2015 14:44

A freehold site of 0.82 acres comprising a block of 32 self contained flats arranged as 1 x 3bedroom, 2 x 1 bedroom, 1 x 2 bedroom and 28 x studio flats, 15 flats are let, 17 vacant.Description/Location:The site was built in 1979 and was originally designed to provide sheltered housing for the elderly. The seller has advised that all the flats haverecently had new bathrooms installed and some have new kitchens. The building has been rewired and re-plumbed and a new fire alarm systeminstalled within the last 4 years.In addition to the current accommodation there is a vacant unit with potential for conversion to a further flat and an area of land at the rear of thesite that may be suitable for further development subject to planning.

Tenure:Freehold

Schedule of Vacant Flats Term of Lease Estimated Rent ValueFlat 1 Vacant £477 pcm

Flat 2 Vacant £477 pcm

















Drawbridge Vacant £607 pcm

Equivalent to £110,316 pa

LOT

19TORQUAYFLATS 1 - 32 ST. GEORGES COURT, BELLROCK CLOSE, DEVON,TQ2 8SD

GUIDE PRICE:£850,000 - £900,000Current Rental Value: £75,888 paPotential Rental Value: £186,204 pa


TORQUAYFLATS 1 - 32 ST. GEORGES COURT, BELLROCK CLOSE, DEVON,TQ2 8SD

Schedule of Tenancies Term of Lease Current RentFlat 3 11/7/2015 - 10/1/2016 £477 pcm

Flat 7 6/12/2014, periodic £477 pcm



Flat 15 6/6/2015 - 05/11/2015 £477 pcm




Flat 25 29/8/2014 - 28/2/2015 £477 pcm




The Keep 24/3/2014, periodic £600 pcm

Equivalent to £75,888 pa

To view:Please contact Charles Darrow on 01626 330022

Local Authority:Torbay Council 01803 201201www.torbay.gov.uk


24

FACT FILE - LIFE TEnAnCy InvEsTmEnTs

Love investing in property but bored of buy-to-let? With the UK economy back on its feet and the housing market booming, there’s never been a better time to invest in bricks and mortar, especially for pension provision.

For many individuals purchasing a traditional buy-to-let property has been the investment of choice but for years some of the largest financial institutions and listed property companies have been choosing a different yet equally simple, straightforward and high yielding investment path – Life Tenancy Investments.

Life Tenancy Investments have long been the preserve of institutions such as Grainger PLC (the largest owner of residential property in the UK), William Pears, Mountview Estates and Santander but now this attractive opportunity is available to the everyday property investor.

What is a Life Tenancy Investment?Life Tenancy Investments offer a simple and straightforward way to invest for your and your family’s future and are a viable alternative to buy-to-let investments.

In return for the freehold or leasehold interest in their property being sold to an investor the occupier receive a lease for their lifetime with no rent payable. The occupier maintains and insures the building. The property then fully reverts to the investor on death or moving to long term care.

What makes a Life Tenancy Investment an attractive property investment?The investor has the opportunity to purchase a property for a fraction of its current open market vacant possession value offering superb potential for capital growth, especially in a rising market. The investment will have a Life Tenant in residence at completion that will remain in the property until they either die or move into full time residential care.

How does it work in practice?A Life Tenancy Investment is made available to investors at a substantial discount to the open market vacant possession value. Investors are able to purchase the property and will be the named owners on the title deeds, the ownership is subject to the lifetime lease granted to the Life Tenant.

The property continues to be occupied by the Life Tenant who is aged 60 years or over. The lifetime lease entitles them to live in the property rent free until they either die or permanently move into long term care. When the Life Tenant vacates the property permanently, the Life Tenancy ends and the investor gains vacant possession at which point they are free to sell the property and realise their investment.

The investor is entitled to all the sale proceeds unless the Life Tenant has retained a percentage of the property value in which case the investor will send the Life Tenant’s proportion of the proceeds to them once the sale completes. If the Life Tenant has retained a percentage this is reflected in the investor’s purchase price of the investment.

What are the Investor’s main legal obligations?To allow the life tenants to live peacefully and quietly in the property for the rest of their lifetime rent free.

What are the Life Tenant’s main legal obligations?During the Life Tenants occupation, they repair and maintain the property and are responsible for all associated expenditure including maintenance and repairs, utility bills, council tax and any service charges or ground rent (if applicable). They are also required to inform the investor if they are going to be away from the property for more than 1 month.

What happens when the Life Tenant vacates the property?At the point the Life Tenant vacates the property permanently the property is the investors’ to do with as they wish. They can choose one of the following options:

• Sell the property and realise their investment with potential substantial capital growth

• Rent out the property and enjoy the monthly income obtaining a high return on capital as the property was purchased at a Life Tenant price

• Move into the property and live there

• Early exit opportunity – Lease can be resold to an alternative investor at an earlier stage if required

Guy Charrison, Director of network Auctions has personally invested in Life Tenancy Investments for over 20 years“ They are easy to manage as the occupier maintains and insures the building and are an ideal investment for you, your children or grandchildren. Historically these Life Tenancy Leases have offered a fantastic return on initial investment – they certainly have for me! The investment is growing in value due to the increasing age of the Life Tenant in addition to any capital growth – the ‘double line’ growth opportunity. Ideally, to maximise profit, Life Tenancy Investment should be purchased as medium/longer term investments but I also am aware from first-hand experience that investor’s needs may change over the years and there can be a requirement to realise the investment before the Life Tenant permanently vacates hence Leases can be resold to an alternative investor at an earlier stage if required.”

For further information please contact Guy Charrison on 020 7871 0420 or email [email protected]


LOT

20BEAMINSTERNEW LODGE, BRIDPORT ROAD, DRIMPTON, DORSET, DT8 3RD

GUIDE PRICE:£150,000

A 3 bedroom detached bungalow (1281 sqft, source EPC) subject to a lifetimetenancy.Description/Location:A well presented bungalow occupying a large plot withgardens and driveway. We are selling a 100% interest on a lifetenancy basis, the tenants are a couple both aged 68. Webelieve the current vacant possession value to be in the regionof £300,000.

Accommodation:Ground Floor: Entrance hall and cloakroom / wc, living room,conservatory, kitchen, 3 bedrooms, wet room.Outside: Attractive gardens, parking, driveway and garage.Energy Rating: D/55

Tenure:Freehold

Enquiries:Please contact Elliott Network Auctions on 020 7871 0420

Local Authority:West Dorset District Council01305 251010 www.westdorset-dc.gov.uk

PLEASE NOTE : EXTERNAL VIEWINGS ONLY

LOT

21SITTINGBOURNE11 COLFE WAY, KEMSLEY, KENT, ME10 2TF


A 1 bedroom freehold house subject to alifetime tenancy.Description/Location:The property is situated in a cul-de-sac close to localamenities, Kemsley station 0.4 miles, Sittingbourne station 1.3miles. We are selling a 100% interest on a life tenancy basis,the tenant is female aged 67. We believe the current vacantpossession value to be in the region of £130,000.

Accommodation:Ground Floor: Entrance, living room, kitchen.First Floor: Landing, bedroom, bathroom.Outside: Private garden, parking space.

Tenure:Freehold


Local Authority:Medway Council01634 306000 www.medway.gov.uk

PLEASE NOTE : EXTERNAL VIEWINGS ONLY


A 2 bedroom town house with car port locatedclose to Poole Quay.Description/Location:Converted from a former warehouse this 2 bedroomed town houseoffers open plan living space with vaulted ceilings and original features.The property has the added benefit of secure parking and is superblysituated for the quayside.

Accommodation:Ground Floor: Car Port.First Floor: 2 bedrooms, bathroom.Second Floor: Open plan living space incorporating lounge, kitchenand dining areas.Energy Rating: E/54

Tenure:Leasehold with vacant possession.

To View:Please contact Quay Living Network Auctions on 01202 683444

Local Authority:Poole Borough Council01202 633633 www.poole.gov.uk

LOT

22POOLE8 CASTLE STREET, DORSET, BH15 1BQ

GUIDE PRICE:£215,000 - £225,000Estimated rental £12,000 perannum


A substantial 5 bedroom house (2810 sq ft,source EPC) located in a sought after locationin Buckinghamshire.Description/Location:On a large plot of 0.69 acres the property includes 5 bedrooms, 2bathrooms, 4 reception rooms, 22ft fitted kitchen, 160ft garden andparking for numerous vehicles with double garage. The masterbedroom is enhanced by a dressing room and en suite, there are 2further bathrooms. There are 4 spacious reception rooms - familyroom, dining room, study and an impressive living room.

Accommodation:Ground Floor: 4 reception rooms, study and fitted kitchen.First Floor: 5 bedrooms, 3 bathrooms.Outside: 160ft garden and parking at front of house.Energy Rating : C/70

Tenure:Freehold


Local Authority:Slough Borough Council01753 475111 www.slough.gov.uk

LOT

23IVERBALAMERE LODGE, WOOD LANE, BUCKINGHAMSHIRE, SL0 0LG



A spacious 3 bedroom upper flat in a popularresidential area of Paignton.Description/Location:The property is situated over a popular parade of shops in the populararea of Paignton. Within a short drive of the sea front, the property willappeal to investors and owner occupiers.

Accommodation:Ground Floor: Exterior staircase to first floorFirst Floor: Entrance hall, living room, kitchen, 3 bedrooms, bathroom,double glazed windows.

Tenure:Leasehold - vacant possession

To View:Please contact Woods Bryce Baker on 01803 390000

Local Authority:Torbay Council01803 201201 www.torbay.gov.uk

On the fall of the gavel and in addition to their deposit the buyer willpay to the auctioneer the sum of £1,140 including VAT by way ofcontribution towards the sellers auction costs.

LOT

24PAIGNTON111A PRESTON DOWN ROAD, PRESTON, DEVON, TQ3 1DS

GUIDE PRICE:£80,000 - £85,000Potential Rental Value: £7,200 pa


A period 2 bedroom semi-detached house withadjoining 1 bed property requiringrefurbishment on a plot of approx. 0.16 acresDescription/Location:The property sits on an uncultivated plot, believed to be 0.16 acre(subject to survey). A barn/workshop previously stood on this plot andthere may be potential for planning permission at a later date (subjectto gaining relevant planning consents). Any interested buyer wishing topursue this is advised to speak to South Holland District Council. Theproperty has a driveway leading to a parking area for numerous cars.The 2 bed house has been updated in the recent past to include adamp proof course and modern fitted boiler and kitchen.

Accommodation:2 bedroom houseGround Floor: Hall, cloakroom, kitchen, lounge.First Floor: 2 bedrooms, bathroom1 bedroom propertyGround Floor: Hall, sitting room, bathroom, kitchenFirst Floor: BedroomOutside:Approx. 0.16 Acre Plot.

Tenure:Freehold- Vacant Possession

To View:Please contact Hill & Clark Network Auctions on 01775 725300

Local Authority:South Holland District Council01775 761161 www.sholland.gov.uk

LOT

25SPALDING8 AND 8A SPRING GARDENS, LINCOLNSHIRE, PE11 2XL

GUIDE PRICE:£100,000+Potential rental : £11,400 pa


A vacant freehold public house (4284 sq ft source EPC) withplanning permission to convert to 10 flatsDescription/Location:A 3 storey detached former public house available with vacant possession. Planning permissionwas passed by Redcar & Cleveland Borough Council on January 26th 2015 (Planning Ref No.R/2014/0667/FFM) for conversion of the existing building to 5 x 2 bedroom flats & 5 x 1bedroom flats.

Accommodation:Existing Accommodation Comprising ground, first and second floors.Proposed AccommodationGround Floor: 3 x 2 bedroom flats, ground floor level of Flat 4, (a 2 bedroom flat withaccommodation on ground & first floors).First Floor: 1 x 2 bedroom flat, 2 x 1 bedroom flat, first floor accommodation for Flat 4.Second Floor 3 x 1 bedroom flats.

Tenure:Freehold


Local Authority:Redcar and Cleveland Borough Council01642 774774 www.redcar-cleveland.gov.uk

LOT

26MIDDLESBROUGHTHE VICTORIA, 56 MIDDLESBROUGH ROAD, CLEVELAND,TS6 6LZ



A fine 19th century 3 storey town house of classical proportionswith a detached coach house to the rear and outstandingsoutherly waterside views of the river, the historic ConstablesHouse and Priory.Description/Location:This Grade II listed dwelling offers versatile accommodation over 3 floors plus 2 additional largeattic bedrooms. On the first floor there is a self contained 1 bedroom annex ideal for a relative orincome purposes, whilst on the upper first floor a quite magnificent 43’ drawing room enjoysstunning riverside views. On the ground floor there is direct access from the full widthlounge/dining room into an enclosed walled rear garden where The Coach House incorporatesa 1 bedroom garden flat. A passageway from the garden provides direct access to the river.This property would benefit from sympathetic modernisation and redecoration but isnonetheless one of the finest homes in the historic town centre of Christchurch.

Tenure:Freehold

To View:Please contact Richard Godsell Network Auctions on 01202 499466

Local Authority:Christchurch Borough Council01305 251000 www.dorsetforyou.gov.uk

LOT

27CHRISTCHURCHQUARTLEYS, 22 CASTLE STREET, DORSET, BH23 1DT

GUIDE PRICE:£850,000


By order of the trustees

A freehold site of 0.32 acres comprising modern 2 storey church buildings with a car park,development potential, vacant.Description/Location:Occupying a prominent position on Cheam Road opposite Sutton High School and close to Sutton station.The site and buildings have great potential for existing use and a wide variety of alternative commercial uses subject to planning. In addition thesite is adjacent to a Cromer Mansions, a 3 storey block of apartments with more residential dwellings located to the north and west, we believethere is potential for residential development of the site subject to planning.

Accommodation:Most of the accommodation is at ground level and comprises a large entrance space, main church hall with vaulted ceiling, a range of offices andmeeting rooms, kitchen and male and female wc's. There are 2 meeting rooms on the first floor.Outside there is a car park to the rear with landscaped areas to the front and rear.


To View:Please contact Christies Network Auctions on 020 8643 7777

Local Authority:London Borough of Sutton020 7881 5000 www.sutton.gov.uk

LOT

28SUTTONFIRST CHURCH OF CHRIST SCIENTIST, 42 CHEAM ROAD,SURREY, SM1 2SS



SUTTONFIRST CHURCH OF CHRIST SCIENTIST, 42 CHEAM ROAD,SURREY, SM1 2SS


Freehold Industrial Unit (4,460 sq ft - sourceEPC) let producing £29,508 paDescription/Location:An opportunity to acquire a substantial freehold building on thissought after industrial estate. The building is currently arranged asindividual offices with shared facilities including conference room. Anideal investment opportunity or HQ acquisition.Energy Rating: C/73

Tenure:Freehold

To View:Please contact Cooke & Co Network Auctions on 01843 231833

Local Authority:Thanet District Council01843 577000 www.thanet.gov.uk

Accommodation

Accommodation Area Tenancy Term Rent

Office 1 38 sqm Let from 1 Feb 2015 30 day licence £495 per month

Office 2 18.55 sqm Vacant Edit Est £225 per month


Office 4 13.5 sqm Let from 10 June 2013 30 day licence £135 per month


Office 6 19.84 sqm Conference room for all Edit

Office 7 24.2 sqm Let from 1 Oct 2015 30 day licence £315 per month


Office 9 31.36 sqm Let from 1 Feb 2014 30 day licence £399 per month

Office 10 & 11 66.48 sqm Let from 1 Oct 2015 30 day licence £750 per month

Office 12 30.80 sqm Let from 7 Nov 2014 30 day licence £365 per month

LOT

29MARGATEUNIT A5A, WESTWOOD INDUSTRIAL ESTATE, CONTINENTALAPPROACH, KENT, CT9 4JG

GUIDE PRICE:£350,000+Potential rent: £40,488 per annumCurrent rent: £29,508 per annum


Freehold investment opportunity comprising alarge ground floor retail unit with a 2 bedroomflat above, let.Description/Location:The property comprises a substantial ground floor retail unit of with aself contained flat on the first floor with separate access to the rear.The entire property is let on a new FRI lease for 20 years from01/10/2015 at a rent of £35,000.00 pa with 5 yearly rent reviews and nobreak clauses. The property is situated in a parade of retail units with avariety of local retailers.

Accommodation:Ground Floor: Extensive retail unit.First Floor: Self contained 2 bedroom flat with separate access to therear.

Tenure:Freehold


Local Authority:Ealing Council020 8825 5000 www.ealing.gov.uk

LOT

30SOUTHALL9 NORTH ROAD, NORTH PARADE, MIDDLESEX, UB1 2LF

GUIDE PRICE:£595,000+Current Rental Value: £35,000 pa


A freehold, town centre developmentopportunity comprising single storey buildings(2336 sq ft, source EPC) with planning consentfor the erection of a 3 storey office block.Description/Location:The property is situated in the town centre to the rear of premises thatfront on to High Street and adjacent to the former telephone exchangebuildings. The area has been earmarked for a new retail led mixed usedevelopment referred to as Exchange Square in the Watford TownCentre Study 2005. The current building is a detached brick structurebeneath a pitched roof and has potential for a variety of commercialuses. Planning was granted by Watford Borough Council Ref:APP/Y1945/A/13/2205052 on 07/03/2014 for proposed alterations tothe ground floor involving the creation of 4 car parking spaces andextension at first and second floor levels to create a 3 storey officebuilding.There is potential for alternative development of the site subject toplanning.

Accommodation:Current Buildings Ground floor warehouse style accommodationcomprising open plan storage space with 3 office rooms and male andfemale wc's.

Tenure:Freehold, vacant possession.


Local Authority:Watford Borough Council01923 226400 www.watford.gov.uk

LOT

31WATFORD1 WELLSTONES, HERTFORDSHIRE, WD17 2AE

GUIDE PRICE:£295,000+Estimated Rental Value: £20,000 -£25,000 pa (existing building).


LOT

32SOUTH SHIELDS114 RICHMOND ROAD, TYNE AND WEAR, NE34 0QQ

GUIDE PRICE:£40,000 - £45,000Current Rent Value: £5,940 pa

A recently refurbished 2 bedroom groundfloor flat (613 sq ft, source EPC) withprivate garden, let on an AST producing£495 pcm.Description/Location:Ideally situated close to South Tyneside Hospital as well asStanhope Road with a range of local amenities, shops andtransport links leading into South Shields Town Centre, TyneDock Metro Stop 0.3 miles. The property provides modernfixtures, double glazed windows and gas heating via radiators.The flat is let on a 12 month AST at a current rent of £495 pcm.

Accommodation:Ground Floor: Entrance hall, sitting room, kitchen, bathroom, 2bedrooms.Outside: Private garden to the rear.Energy Rating: E/55

Tenure:Leasehold.


Local Authority:North Tyneside Council0345 200 0101 www.northtyneside.gov.uk

LOT

33BROADSTAIRS2 EMMANUEL COURT CHURCH STREET, KENT, CT10 2RE


A 2 bedroom purpose built ground floorflat subject to a life tenancy.Description/Location:The property forms part of a small, modern development withparking in the sought after district of St Peters, Broadstairsstation 0.7 miles. Features include double glazed windows andgas heating via radiators. We are selling a 100% interest on alife tenancy basis, the tenant is a female aged 80. We believethe current vacant possession value to be in the region of£130,000.

Accommodation:Second Floor: Entrance hall, living room and kitchen, 2 doublebedrooms, bathroom.Outside: Communal gardens, parking for residents and guests.

Tenure:Leasehold.


Local Authority:Thanet District Council01843 577000 www.thanet.gov.uk

PLEASE NOTE: EXTERNAL VIEWINGS ONLY


A freehold site of 1.7 acres including a formerpublic house (2002 sq ft, source EPC) withconsent for change of use to a 3 bedroom / 2bathroom dwelling, vacant.Description/Location:Situated in the north Somerset village of Paulton, a popular location forthose looking to commute to Bath and Bristol. An application Ref:13/04607/FUL for change of use from a public house to a dwelling withgardens occupying a site of approximately 0.08 acres was granted onappeal by Bath & North East Somerset Council. The additional landwith direct vehicle access is approximately 1.62 acres. ApplicationsRef: 13/04606/OUT for the erection of 22 dwellings (refused, appealwithdrawn) and Ref: 13/04610/OUT for the erection of 14 dwellings(withdrawn) give an indication of the potential for future development ofthe site. The image to the right showing an indicative layout plan isassociated with application Ref: 13/04606/OUT (refused, appealwithdrawn).Energy Rating: E/124

Accommodation:Proposed AccommodationGround Floor: Entrance hall, living room, dining room, study, kitchenand utility room.First Floor: Landing, master bedroom with en-suite bathroom, 2 furtherdouble bedrooms, family bathroom.Outside: Gardens and driveway.


Local Authority:Bath & North East Somerset Council01225 477000 www.bathnes.gov.uk

LOT

34BRISTOLSOMERSET INN, NEW PIT, PAULTON, AVON, BS39 7PS

GUIDE PRICE:£250,000 - £275,000


Continued...BRISTOLSOMERSET INN, NEW PIT, AVON, BS39 7PS


A freehold detached bungalow with garage and gardens subjectto a life tenancy.Description/Location:The property is situated in a sought after residential location between Stoneleigh (0.5 miles) andEwell West (0.6 miles) stations with links into London. We are selling a 100% interest on a lifetenancy basis, the tenants are a couple aged 75 and 68. We believe the current vacantpossession value to be in the region of £475,000.

Accommodation:Ground Floor: Entrance hall, living room, kitchen, 2 double bedrooms, conservatory, bathroom.Outside: Gardens front and rear, garage and driveway.

Tenure:Freehold.

Enquiries:

Please contact Elliott Network Auctions on 020 7871 0420

Local Authority:London Borough of Sutton020 7881 5000 www.sutton.gov.uk


LOT

35EPSOM138 MEADOW WALK, SURREY KT19 0BA



LOT

36CLACTON-ON-SEA10 OLD ROAD, ESSEX, CO15 1HX


A 3 bedroom semi detached house withgarage, subject to as life tenancy.Description/Location:The property is situated in a popular residential location closeto the town centre and sea front, Clacton Station 0.4 miles. Thehouse provides modern fixtures, double glazed windows, gasheating via radiators and a double glazed conservatory. We areselling a 100% interest on a life tenancy basis, the tenant is afemale aged 66. We believe the current vacant possessionvalue to be in the region of £175,000.

Accommodation:Ground Floor: Entrance hall with cloakroom/wc, sitting room,dining room, conservatory, kitchen.First Floor: Landing, 3 bedrooms, bathroom.Outside: Gardens front and rear, driveway to garage.

Tenure:Freehold

Enquiries:Please contact Elliott Network Auctions on 01923 240420

Local Authority:Tendering District Council01255 686868 www.tendringdc.gov.uk


LOT

37CHESTER LE STREET66 BRADLEY CLOSE, OUSTON, COUNTY DURHAM, DH2 1TJ

GUIDE PRICE:£30,000 - £35,000Estimated Rental Value £4,200 pa

A purpose built first floor studio flatpresented in good order and ideal forrental investment, vacant.Description/Location:The property is situated in Upreth Grange, an establishedresidential area and provides modern fixtures and woodlaminate flooring throughout. An ideal buy to let opportunity, weestimate the current rental value is £350 pcm.

Accommodation:First Floor: studio room, kitchen, dressing area, shower room.

Tenure:Leasehold, vacant possession.


Local Authority:Durham County Council0191 383 3253 www.durham.gov.uk


A 3 storey freehold public house with ownersaccommodation and 6 letting rooms (4260 sq ft,source EPC) occupying a site of 0.1 acres,vacant.Description/Location:The property is located in a central position just off the main high streetand opposite Wellington School. The property provides potential forexisting and alternative commercial use or further development allsubject to planning.

Accommodation:Ground Floor: Trade areas comprising 2 bars and central servery, beercellar, customer wc's, skittle alley, domestic kitchen and sitting room. Inaddition there are 6 letting bedrooms arranged over the ground, firstand attic floors serviced by 3 bathrooms.First Floor: Owners accommodation comprising 2 bedrooms, livingroom and bathroom.Outside: Courtyard and storage areas.Energy Rating: C/70



Local Authority:Rushmoor Borough Council01252 398399 www.rushmoor.gov.uk

VAT IS APPLICABLE TO THIS LOT

LOT

38WELLINGTONTHE GREEN DRAGON, 23 SOUTH STREET, SOMERSET, TA21 8NR



A spacious 2 bedroom / 2 bathroom lowerground floor maisonette (1356 sq ft, sourceEPC) situated in one of London's premierlocations, vacant.Description/Location:Onslow Gardens is an extremely popular address close to the excellentshopping, transport and restaurants of South Kensington, GloucesterRoad and Fulham Road, South Kensington tube 0.3 miles. Theproperty provides generous accommodation with the potential tocreate a 3 bedroom layout.

Accommodation:Lower Ground Floor: Private front door to entrance hall, living room,study, kitchen, utility room, 2 double bedrooms, one with en-suite,family bathroom.

Tenure:Leasehold - 66.5 years from 24/09/1982, ground rent £2,805 pa.


Local Authority:Royal Borough of Kensington and Chelsea020 7361 3012 www.rbkc.gov.uk

LOT

39KENSINGTON50A ONSLOW GARDENS, LONDON, SW7 3QA



NOW TAKING LOTS

AGENTSOWNERS

INVESTORS

FOR OUR NEXT AUCTION

LOCAL EXPERTISE | NATIONAL COVERAGE

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INTRODUCTIONThe Common Auction Conditions have been produced for real estate auctions in England and Wales to set a common standard across the industry. They are in three sections:GlossaryThe glossary gives special meanings to certain words used in both sets of conditions.Auction Conduct ConditionsThe Auction Conduct Conditions govern the relationship between the auctioneer and anyone who has a catalogue, or who attends or bids at the auction. They cannot be changed without the auctioneer’s agreement. We recommend that these conditions are set out in a two-part notice to bidders in the auction catalogue, part one containing advisory material – which auctioneers can tailor to their needs – and part two the auction conduct conditions.Sale ConditionsThe Sale Conditions govern the agreement between each seller and buyer. They include general conditions of sale and template forms of special conditions of sale, tenancy and arrears schedules and a sale memorandum.Important NoticeA prudent buyer will, before bidding for a lot at an auction:• Take professional advice from a conveyancer and, in

appropriate cases, a chartered surveyor and an accountant;• Read the conditions;• Inspect the lot;• Carry out usual searches and make usual enquiries;• Check the content of all available leases and other

documents relating to the lot;• Check that what is said about the lot in the catalogue is

accurate;• Have finance available for the deposit and purchase price;• Check whether VAT registration and election is advisable;The conditions assume that the buyer has acted like a prudent buyer.If you choose to buy a lot without taking these normal precautions you do so at your own risk.GLOSSARYThis glossary applies to the auction conduct conditions and the sale conditions.Wherever it makes sense:• singular words can be read as plurals, and plurals as

singular words;• a “person” includes a corporate body;• words of one gender include the other genders;• references to legislation are to that legislation as it may

have been modified or re-enacted by the date of the auction or the contract date (as applicable); and

• where the following words printed in bold black type appear in bold green type they have the specified meanings.

Actual Completion DateThe date when completion takes place or is treated as taking place for the purposes of apportionment and calculating interest.AddendumAn amendment or addition to the conditions or to the particulars or to both whether contained in a supplement to the catalogue, a written notice from the auctioneers or an oral announcement at the auction.Agreed Completion DateSubject to condition G9.3:(a) the date specified in the special conditions; or(b) if no date is specified, 20 business days after the

contract date; but if that date is not a business day the first subsequent business day.

Approved Financial InstitutionAny bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise acceptable to the auctioneers.ArrearsArrears of rent and other sums due under the tenancies and still outstanding on the actual completion date.Arrears ScheduleThe arrears schedule (if any) forming part of the special conditions.AuctionThe auction advertised in the catalogue.Auction Conduct ConditionsThe conditions so headed, including any extra auction conduct conditions.AuctioneersThe auctioneers at the auction.Business DayAny day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Wales; or (c) Good Friday or Christmas Day.

BuyerThe person who agrees to buy the lot or, if applicable, that person’s personal representatives: if two or more are jointly the buyer their obligations can be enforced against them jointly or against each of them separately.CatalogueThe catalogue to which the conditions refer including any supplement to it.CompletionUnless otherwise agreed between seller and buyer (or their conveyancers) the occasion when both seller and buyer have complied with their obligations under the contract and the balance of the price is unconditionally received in the seller’s conveyancer’s client account.ConditionOne of the auction conduct conditions or sales conditions.ContractThe contract by which the seller agrees to sell and the buyer agrees to buy the lot.Contract DateThe date of the auction or, if the lot is not sold at the auction:(a) the date of the sale memorandum signed by both the

seller and buyer; or(b) if contracts are exchanged, the date of exchange. If

exchange is not effected in person or by an irrevocable agreement to exchange made by telephone, fax or electronic mail the date of exchange is the date on which both parts have been signed and posted or otherwise placed beyond normal retrieval.

DocumentsDocuments of title (including, if title is registered, the entries on the register and the title plan) and other documents listed or referred to in the special conditions relating to the lot.Financial ChargeA charge to secure a loan or other financial indebtedness (not including a rent charge).General ConditionsThat part of the sale conditions so headed, including any extra general conditions.Interest RateIf not specified in the special conditions, 4% above the base rate from time to time of Barclays Bank plc. (The interest rate will also apply to judgment debts, if applicable.)LotEach separate property described in the catalogue or (as the case may be) the property that the seller has agreed to sell and the buyer to buy (including chattels, if any). Old ArrearsArrears due under any of the tenancies that are not “new tenancies” as defined by the Landlord and Tenant (Covenants) Act 1995.ParticularsThe section of the catalogue that contains descriptions of each lot (as varied by any addendum).PractitionerAn insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in relation to jurisdictions outside the United Kingdom, any similar official).PriceThe price that the buyer agrees to pay for the lot.Ready to CompleteReady, willing and able to complete: if completion would enable the seller to discharge all financial charges secured on the lot that have to be discharged by completion, then those outstanding financial charges do not prevent the seller from being ready to complete.Sale ConditionsThe general conditions as varied by any special conditions or addendum.Sale MemorandumThe form so headed (whether or not set out in the catalogue) in which the terms of the contract for the sale of the lot are recorded.SellerThe person selling the lot. If two or more are jointly the seller their obligations can be enforced against them jointly or against each of them separately.Special ConditionsThose of the sale conditions so headed that relate to the lot.TenanciesTenancies, leases, licences to occupy and agreements for lease and any documents varying or supplemental to them.Tenancy ScheduleThe tenancy schedule (if any) forming part of the special conditions.TransferTransfer includes a conveyance or assignment (and “to

transfer” includes “to convey” or “to assign”).TUPEThe Transfer of Undertakings (Protection of Employment) Regulations 2006.VATValue Added Tax or other tax of a similar nature.VAT OptionAn option to tax.We (and us and our) The auctioneers.You (and your)Someone who has a copy of the catalogue or who attends or bids at the auction, whether or not a buyer.AUCTION CONDUCT CONDITIONSA1 IntroductionA1.1 Words in bold green type have special meanings,

which are defined in the Glossary.A1.2 The catalogue is issued only on the basis that you

accept these auction conduct conditions. They govern our relationship with you and cannot be disapplied or varied by the sale conditions (even by a condition purporting to replace the whole of the Common Auction Conditions). They can be varied only if we agree.

A2 Our roleA2.1 As agents for each seller we have authority to: (a) prepare the catalogue from information supplied

by or on behalf of each seller; (b) offer each lot for sale; (c) sell each lot; (d) receive and hold deposits; (e) sign each sale memorandum; and (f) treat a contract as repudiated if the buyer fails

to sign a sale memorandum or pay a deposit as required by these auction conduct conditions.

A2.2 Our decision on the conduct of the auction is final.A2.3 We may cancel the auction, or alter the order in which

lots are offered for sale. We may also combine or divide lots. A lot may be sold or withdrawn from sale prior to the auction.

A2.4 You acknowledge that to the extent permitted by law we owe you no duty of care and you have no claim against us for any loss.

A3 Bidding and reserve pricesA3.1 All bids are to be made in pounds sterling exclusive of

any applicable VAT.A3.2 We may refuse to accept a bid. We do not have to

explain why.A3.3 If there is a dispute over bidding we are entitled to

resolve it, and our decision is final.A3.4 Unless stated otherwise each lot is subject to a reserve

price (which may be fixed just before the lot is offered for sale). If no bid equals or exceeds that reserve price the lot will be withdrawn from the auction.

A3.5 Where there is a reserve price the seller may bid (or ask us or another agent to bid on the seller’s behalf) up to the reserve price but may not make a bid equal to or exceeding the reserve price. You accept that it is possible that all bids up to the reserve price are bids made by or on behalf of the seller.

A3.6 Where a guide price (or range of prices) is given that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell at the date of the guide price. But guide prices may change. The last published guide price will normally be at or above any reserve price, but not always – as the seller may fix the final reserve price just before bidding commences.

A4 The particulars and other informationA4.1 We have taken reasonable care to prepare particulars

that correctly describe each lot. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct.

A4.2 If the special conditions do not contain a description of the lot, or simply refer to the relevant lot number, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.

A4.3 The particulars and the sale conditions may change prior to the auction and it is your responsibility to check that you have the correct versions.

A4.4 If we provide information, or a copy of a document, provided by others we do so only on the basis that we are not responsible for the accuracy of that information or document.

COMMON AUCTION CONDITIONS

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A5 The contractA5.1 A successful bid is one we accept as such (normally

on the fall of the hammer). This condition A5 applies to you if you make the successful bid for a lot.

A5.2 You are obliged to buy the lot on the terms of the sale memorandum at the price you bid plus VAT (if applicable).

A5.3 You must before leaving the auction: (a) provide all information we reasonably need

from you to enable us to complete the sale memorandum (including proof of your identity if required by us);

(b) sign the completed sale memorandum; and (c) pay the deposit.A5.4 If you do not we may either: (a) as agent for the seller treat that failure as your

repudiation of the contract and offer the lot for sale again: the seller may then have a claim against you for breach of contract; or

(b) sign the sale memorandum on your behalf.A5.5 The deposit: (a) is to be held as stakeholder where VAT would be

chargeable on the deposit were it to be held as agent for the seller, but otherwise is to be held as stated in the sale conditions; and

(b) must be paid in pounds sterling by cheque or by bankers’ draft made payable to us on an approved financial institution. The extra auction conduct conditions may state if we accept any other form of payment.

A5.6 We may retain the sale memorandum signed by or on behalf of the seller until the deposit has been received in cleared funds.

A5.7 If the buyer does not comply with its obligations under the contract then:

(a) you are personally liable to buy the lot even if you are acting as an agent; and

(b) you must indemnify the seller in respect of any loss the seller incurs as a result of the buyer’s default.

A5.8 Where the buyer is a company you warrant that the buyer is properly constituted and able to buy the lot.

A6 Extra auction conduct conditionsA6.1 Despite any special condition to the contrary the

minimum deposit we accept is £2000 (or the total price, if less). A special condition may, however, require a higher minimum deposit.

GENERAL CONDITIONS OF SALEWords in bold green type have special meanings, which are defined in the Glossary.The general conditions (including any extra general conditions) apply to the contract except to the extent that they are varied by special conditions or by an addendum.G1. The lotG1.1 The lot (including any rights to be granted or reserved,

and any exclusions from it) is described in the special conditions, or if not so described the lot is that referred to in the sale memorandum.

G1.2 The lot is sold subject to any tenancies disclosed by the special conditions, but otherwise with vacant possession on completion.

G1.3 The lot is sold subject to all matters contained or referred to in the documents, but excluding any financial charges: these the seller must discharge on or before completion.

G1.4 The lot is also sold subject to such of the following as may affect it, whether they arise before or after the contract date and whether or not they are disclosed by the seller or are apparent from inspection of the lot or from the documents:

(a) matters registered or capable of registration as local land charges;

(b) matters registered or capable of registration by any competent authority or under the provisions of any statute;

(c) notices, orders, demands, proposals and requirements of any competent authority;

(d) charges, notices, orders, restrictions, agreements and other matters relating to town and country planning, highways or public health;

(e) rights, easements, quasi-easements, and wayleaves;

(f) outgoings and other liabilities; (g) any interest which overrides, within the meaning of

the Land Registration Act 2002; (h) matters that ought to be disclosed by the

searches and enquiries a prudent buyer would make, whether or not the buyer has made them; and

(i) anything the seller does not and could not reasonably know about.

G1.5 Where anything subject to which the lot is sold would expose the seller to liability the buyer is to comply with it and indemnify the seller against that liability.

G1.6 The seller must notify the buyer of any notices, orders, demands, proposals and requirements of any competent authority of which it learns after the contract date but the buyer must comply with them and keep the seller indemnified.

G1.7 The lot does not include any tenant’s or trade fixtures or fittings.

G1.8 Where chattels are included in the lot the buyer takes them as they are at completion and the seller is not liable if they are not fit for use.

G1.9 The buyer buys with full knowledge of: (a) the documents, whether or not the buyer has

read them; and (b) the physical condition of the lot and what could

reasonably be discovered on inspection of it, whether or not the buyer has inspected it.

G1.10 The buyer is not to rely on the information contained in the particulars but may rely on the seller’s conveyancer’s written replies to preliminary enquiries to the extent stated in those replies.

G2. DepositG2.1 The amount of the deposit is the greater of: (a) any minimum deposit stated in the auction

conduct conditions (or the total price, if this is less than that minimum); and

(b) 10% of the price (exclusive of any VAT on the price).

G2.2 The deposit (a) must be paid in pounds sterling by cheque or

banker’s draft drawn on an approved financial institution (or by any other means of payment that the auctioneers may accept); and

(b) is to be held as stakeholder unless the auction conduct conditions provide that it is to be held as agent for the seller.

G2.3 Where the auctioneers hold the deposit as stakeholder they are authorised to release it (and interest on it if applicable) to the seller on completion or, if completion does not take place, to the person entitled to it under the sale conditions.

G2.4 If a cheque for all or part of the deposit is not cleared on first presentation the seller may treat the contract as at an end and bring a claim against the buyer for breach of contract.

G2.5 Interest earned on the deposit belongs to the seller unless the sale conditions provide otherwise.

G3. Between contract and completionG3.1 Unless the special conditions state otherwise, the

seller is to insure the lot from and including the contract date to completion and:

(a) produce to the buyer on request all relevant insurance details;

(b) pay the premiums when due; (c) if the buyer so requests, and pays any additional

premium, use reasonable endeavours to increase the sum insured or make other changes to the policy;

(d) at the request of the buyer use reasonable endeavours to have the buyer’s interest noted on the policy if it does not cover a contracting purchaser;

(e) unless otherwise agreed, cancel the insurance at completion, apply for a refund of premium and (subject to the rights of any tenant or other third party) pay that refund to the buyer; and

(f) (subject to the rights of any tenant or other third party) hold on trust for the buyer any insurance payments that the seller receives in respect of loss or damage arising after the contract date or assign to the buyer the benefit of any claim; and the buyer must on completion reimburse to the seller the cost of that insurance (to the extent not already paid by the buyer or a tenant or other third party) for the period from and including the contract date to completion.

G3.2 No damage to or destruction of the lot nor any deterioration in its condition, however caused, entitles the buyer to any reduction in price, or to delay completion, or to refuse to complete.

G3.3 Section 47 of the Law of Property Act 1925 does not apply.

G3.4 Unless the buyer is already lawfully in occupation of the lot the buyer has no right to enter into occupation prior to completion.

G4. Title and identityG4.1 Unless condition G4.2 applies, the buyer accepts the

title of the seller to the lot as at the contract date and may raise no requisition or objection except in relation to any matter that occurs after the contract date.

G4.2 If any of the documents is not made available before the auction the following provisions apply:

(a) The buyer may raise no requisition on or objection to any of the documents that is made available before the auction.

(b) If the lot is registered land the seller is to give

to the buyer within five business days of the contract date an official copy of the entries on the register and title plan and, where noted on the register, of all documents subject to which the lot is being sold.

(c) If the lot is not registered land the seller is to give to the buyer within five business days an abstract or epitome of title starting from the root of title mentioned in the special conditions (or, if none is mentioned, a good root of title more than fifteen years old) and must produce to the buyer the original or an examined copy of every relevant document.

(d) If title is in the course of registration, title is to consist of certified copies of:

(i) the application for registration of title made to the land registry;

(ii) the documents accompanying that application;

(iii) evidence that all applicable stamp duty land tax relating to that application has been paid; and

(iv) a letter under which the seller or its conveyancer agrees to use all reasonable endeavours to answer any requisitions raised by the land registry and to instruct the land registry to send the completed registration documents to the buyer.

(e) The buyer has no right to object to or make requisitions on any title information more than seven business days after that information has been given to the buyer.

G4.3 Unless otherwise stated in the special conditions the seller sells with full title guarantee except that (and the transfer shall so provide):

(a) the covenant set out in section 3 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to matters recorded in registers open to public inspection; these are to be treated as within the actual knowledge of the buyer; and

(b) the covenant set out in section 4 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to any condition or tenant’s obligation relating to the state or condition of the lot where the lot is leasehold property.

G4.4 The transfer is to have effect as if expressly subject to all matters subject to which the lot is sold under the contract.

G4.5 The seller does not have to produce, nor may the buyer object to or make a requisition in relation to, any prior or superior title even if it is referred to in the documents.

G4.6 The seller (and, if relevant, the buyer) must produce to each other such confirmation of, or evidence of, their identity and that of their mortgagees and attorneys (if any) as is necessary for the other to be able to comply with applicable Land Registry Rules when making application for registration of the transaction to which the conditions apply.

G5. TransferG5.1 Unless a form of transfer is prescribed by the special

conditions: (a) the buyer must supply a draft transfer to the

seller at least ten business days before the agreed completion date and the engrossment (signed as a deed by the buyer if condition G5.2 applies) five business days before that date or (if later) two business days after the draft has been approved by the seller; and

(b) the seller must approve or revise the draft transfer within five business days of receiving it from the buyer.

G5.2 If the seller remains liable in any respect in relation to the lot (or a tenancy) following completion the buyer is specifically to covenant in the transfer to indemnify the seller against that liability.

G5.3 The seller cannot be required to transfer the lot to anyone other than the buyer, or by more than one transfer.

G6. CompletionG6.1 Completion is to take place at the offices of the

seller’s conveyancer, or where the seller may reasonably require, on the agreed completion date. The seller can only be required to complete on a business day and between the hours of 0930 and 1700.

G6.2 The amount payable on completion is the balance of the price adjusted to take account of apportionments plus (if applicable) VAT and interest.

G6.3 Payment is to be made in pounds sterling and only by: (a) direct transfer to the seller’s conveyancer’s client account; and (b) the release of any deposit held by a stakeholder.

G6.4 Unless the seller and the buyer otherwise agree, completion cannot take place until both have complied with their obligations under the contract and


46

the balance of the price is unconditionally received in the seller’s conveyancer’s client account.

G6.5 If completion takes place after 1400 hours for a reason other than the seller’s default it is to be treated, for the purposes of apportionment and calculating interest, as if it had taken place on the next business day.

G6.6 Where applicable the contract remains in force following completion.

G7. Notice to complete G7.1 The seller or the buyer may on or after the agreed

completion date but before completion give the other notice to complete within ten business days (excluding the date on which the notice is given) making time of the essence.

G7.2 The person giving the notice must be ready to complete.

G7.3 If the buyer fails to comply with a notice to complete the seller may, without affecting any other remedy the seller has:

(a) terminate the contract; (b) claim the deposit and any interest on it if held by a

stakeholder; (c) forfeit the deposit and any interest on it; (d) resell the lot; and (e) claim damages from the buyer.G7.4 If the seller fails to comply with a notice to complete

the buyer may, without affecting any other remedy the buyer has:

(a) terminate the contract; and (b) recover the deposit and any interest on it from the

seller or, if applicable, a stakeholder.G8. If the contract is brought to an end If the contract is lawfully brought to an end: (a) the buyer must return all papers to the seller

and appoints the seller its agent to cancel any registration of the contract; and

(b) the seller must return the deposit and any interest on it to the buyer (and the buyer may claim it from the stakeholder, if applicable) unless the seller is entitled to forfeit the deposit under condition G7.3.

G9. Landlord’s licenceG9.1 Where the lot is or includes leasehold land and licence

to assign is required this condition G9 applies.G9.2 The contract is conditional on that licence being

obtained, by way of formal licence if that is what the landlord lawfully requires.

G9.3 The agreed completion date is not to be earlier than the date five business days after the seller has given notice to the buyer that licence has been obtained.

G9.4 The seller must: (a) use all reasonable endeavours to obtain the

licence at the seller’s expense; and (b) enter into any authorised guarantee agreement

properly required.G9.5 The buyer must: (a) promptly provide references and other relevant

information; and (b) comply with the landlord’s lawful requirements.G9.6 If within three months of the contract date (or such

longer period as the seller and buyer agree) the licence has not been obtained the seller or the buyer may (if not then in breach of any obligation under this condition G9) by notice to the other terminate the contract at any time before licence is obtained. That termination is without prejudice to the claims of either seller or buyer for breach of this condition G9.

G10. Interest and apportionmentsG10.1 If the actual completion date is after the agreed

completion date for any reason other than the seller’s default the buyer must pay interest at the interest rate on the price (less any deposit paid) from the agreed completion date up to and including the actual completion date.

G10.2 Subject to condition G11 the seller is not obliged to apportion or account for any sum at completion unless the seller has received that sum in cleared funds. The seller must pay to the buyer after completion any sum to which the buyer is entitled that the seller subsequently receives in cleared funds.

G10.3 Income and outgoings are to be apportioned at actual completion date unless:

(a) the buyer is liable to pay interest; and (b) the seller has given notice to the buyer at any

time up to completion requiring apportionment on the date from which interest becomes payable by the buyer; in which event income and outgoings are to be apportioned on the date from which interest becomes payable by the buyer.

G10.4 Apportionments are to be calculated on the basis that: (a) the seller receives income and is liable for

outgoings for the whole of the day on which apportionment is to be made;

(b) annual income and expenditure accrues at an

equal daily rate assuming 365 days in a year, and income and expenditure relating to some other period accrues at an equal daily rate during the period to which it relates; and

(c) where the amount to be apportioned is not known at completion apportionment is to be made by reference to a reasonable estimate and further payment is to be made by seller or buyer as appropriate within five business days of the date when the amount is known.

G11. ArrearsPart 1 Current rentG11.1 “Current rent” means, in respect of each of the

tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion.

G11.2 If on completion there are any arrears of current rent the buyer must pay them, whether or not details of those arrears are given in the special conditions.

G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of current rent.

Part 2 Buyer to pay for arrearsG11.4 Part 2 of this condition G11 applies where the special

conditions give details of arrears.G11.5 The buyer is on completion to pay, in addition to any

other money then due, an amount equal to all arrears of which details are set out in the special conditions.

G11.6 If those arrears are not old arrears the seller is to assign to the buyer all rights that the seller has to recover those arrears.

Part 3 Buyer not to pay for arrearsG11.7 Part 3 of this condition G11 applies where the

special conditions: (a) so state; or (b) give no details of any arrears.G11.8 While any arrears due to the seller remain unpaid the

buyer must: (a) try to collect them in the ordinary course of

management but need not take legal proceedings or forfeit the tenancy;

(b) pay them to the seller within five business days of receipt in cleared funds (plus interest at the interest rate calculated on a daily basis for each subsequent day’s delay in payment);

(c) on request, at the cost of the seller, assign to the seller or as the seller may direct the right to demand and sue for old arrears, such assignment to be in such form as the seller’s conveyancer may reasonably require;

(d) if reasonably required, allow the seller’s conveyancer to have on loan the counterpart of any tenancy against an undertaking to hold it to the buyer’s order;

(e) not without the consent of the seller release any tenant or surety from liability to pay arrears or accept a surrender of or forfeit any tenancy under which arrears are due; and

(f) if the buyer disposes of the lot prior to recovery of all arrears obtain from the buyer’s successor in title a covenant in favour of the seller in similar form to part 3 of this condition G11.

G11.9 Where the seller has the right to recover arrears it must not without the buyer’s written consent bring insolvency proceedings against a tenant or seek the removal of goods from the lot.

G12. ManagementG12.1 This condition G12 applies where the lot is sold

subject to tenancies.G12.2 The seller is to manage the lot in accordance with its

standard management policies pending completion.G12.3 The seller must consult the buyer on all management

issues that would affect the buyer after completion (such as, but not limited to, an application for licence; a rent review; a variation, surrender, agreement to surrender or proposed forfeiture of a tenancy; or a new tenancy or agreement to grant a new tenancy) and:

(a) the seller must comply with the buyer’s reasonable requirements unless to do so would (but for the indemnity in paragraph (c)) expose the seller to a liability that the seller would not otherwise have, in which case the seller may act reasonably in such a way as to avoid that liability;

(b) if the seller gives the buyer notice of the seller’s intended act and the buyer does not object within five business days giving reasons for the objection the seller may act as the seller intends; and

(c) the buyer is to indemnify the seller against all loss or liability the seller incurs through acting as the buyer requires, or by reason of delay caused by the buyer.

G13. Rent depositsG13.1 This condition G13 applies where the seller is holding

or otherwise entitled to money by way of rent deposit in respect of a tenancy. In this condition G13 “rent deposit deed” means the deed or other document under which the rent deposit is held.

G13.2 If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer and, subject to the terms of the rent deposit deed, comply at the cost of the buyer with the buyer’s lawful instructions.

G13.3 Otherwise the seller must on completion pay and assign its interest in the rent deposit to the buyer under an assignment in which the buyer covenants with the seller to:

(a) observe and perform the seller’s covenants and conditions in the rent deposit deed and indemnify the seller in respect of any breach;

(b) give notice of assignment to the tenant; and (c) give such direct covenant to the tenant as may be

required by the rent deposit deed.G14. VATG14.1 Where a sale condition requires money to be paid or

other consideration to be given, the payer must also pay any VAT that is chargeable on that money or (a) of the buyer’s VAT registration; consideration, but only if given a valid VAT invoice.

G14.2 Where the special conditions state that no VAT option has been made the seller confirms that none has been made by it or by any company in the same VAT group nor will be prior to completion.

G15. Transfer as a going concern Where the special conditions so state: (a) the seller and the buyer intend, and will take all

practicable steps (short of an appeal) to procure, that the sale is treated as a transfer of a going concern; and

(b) this condition G15 applies. The seller confirms that the seller

(a) is registered for VAT, either in the seller’s name or as a member of the same VAT group; and

(b) has (unless the sale is a standard-rated supply) made in relation to the lot a VAT option that remains valid and will not be revoked before completion.

G15.3 The buyer confirms that: (a) it is registered for VAT, either in the buyer’s name

or as a member of a VAT group; (b) it has made, or will make before completion,

a VAT option in relation to the lot and will not revoke it before or within three months after completion;

(c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and

(d) it is not buying the lot as a nominee for another person.

G15.4 The buyer is to give to the seller as early as possible before the agreed completion date evidence:

(a) of the buyer’s VAT registration; (b) that the buyer has made a VAT option; and (c) that the VAT option has been notified in writing to

HM Revenue and Customs; and if it does not produce the relevant evidence at least

two business days before the agreed completion date, condition G14.1 applies at completion.

G15.5 The buyer confirms that after completion the buyer intends to:

(a) retain and manage the lot for the buyer’s own benefit as a continuing business as a going concern subject to and with the benefit of the tenancies; and

(b) collect the rents payable under the tenancies and charge VAT on them

G15.6 If, after completion, it is found that the sale of the lot is not a transfer of a going concern then:

(a) the seller’s conveyancer is to notify the buyer’s conveyancer of that finding and provide a VAT invoice in respect of the sale of the lot;

(b) the buyer must within five business days of receipt of the VAT invoice pay to the seller the VAT due; and

(c) if VAT is payable because the buyer has not complied with this condition G15, the buyer must pay and indemnify the seller against all costs, interest, penalties or surcharges that the seller incurs as a result.

G16. Capital allowancesG16.1 This condition G16 applies where the special

conditions state that there are capital allowances available in respect of the lot.

G16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer in connection with the buyer’s claim for capital allowances.

G16.3 The value to be attributed to those items on which capital allowances may be claimed is set out in the special conditions.

G16.4 The seller and buyer agree: (a) to make an election on completion under Section

198 of the Capital Allowances Act 2001 to give effect to this condition G16; and


47


(b) to submit the value specified in the special conditions to HM Revenue and Customs for the purposes of their respective capital allowance computations.

G17. Maintenance agreementsG17.1 The seller agrees to use reasonable endeavours to

transfer to the buyer, at the buyer’s cost, the benefit of the maintenance agreements specified in the special conditions.

G17.2 The buyer must assume, and indemnify the seller in respect of, all liability under such contracts from the actual completion date.

G18. Landlord and Tenant Act 1987G18.1 This condition G18 applies where the sale is a relevant

disposal for the purposes of part I of the Landlord and Tenant Act 1987.

G18.2 The seller warrants that the seller has complied with sections 5B and 7 of that Act and that the requisite majority of qualifying tenants has not accepted the offer.

G19. Sale by practitionerG19. This condition G19 applies where the sale is by a

practitioner either as seller or as agent of the seller.G19.2 The practitioner has been duly appointed and is

empowered to sell the lot.G19.3 Neither the practitioner nor the firm or any member

of the firm to which the practitioner belongs has any personal liability in connection with the sale or the performance of the seller’s obligations. The transfer is to include a declaration excluding that personal liability.

G19.4 The lot is sold: (a) in its condition at completion; (b) for such title as the seller may have; and (c) with no title guarantee; and the buyer has no right to terminate the contract or

any other remedy if information provided about the lot is inaccurate, incomplete or missing.

G19.5 Where relevant: (a) the documents must include certified copies

of those under which the practitioner is appointed, the document of appointment and the practitioner’s acceptance of appointment; and

(b) the seller may require the transfer to be by the lender exercising its power of sale under the Law of Property Act 1925.

G19.6 The buyer understands this condition G19 and agrees that it is fair in the circumstances of a sale by a practitioner.

G20. TUPEG20.1 If the special conditions state “There are no

employees to which TUPE applies”, this is a warranty by the seller to this effect.

G20.2 If the special conditions do not state “There are no employees to which TUPE applies” the following paragraphs apply:

(a) The seller must notify the buyer of those employees whose contracts of employment will transfer to the buyer on completion (the “Transferring Employees”). This notification must be given to the buyer not less than 14 days before completion.

(b) The buyer confirms that it will comply with its obligations under TUPE and any special conditions in respect of the Transferring Employees.

(c) The buyer and the seller acknowledge that pursuant and subject to TUPE, the contracts of employment between the Transferring Employees and the seller will transfer to the buyer on completion.

(d) The buyer is to keep the seller indemnified against all liability for the Transferring Employees after completion.

G21. Environmental G21.1 This condition G21 only applies where the special

conditions so provide.G21.2 The seller has made available such reports as the

seller has as to the environmental condition of the lot and has given the buyer the opportunity to carry out investigations (whether or not the buyer has read those reports or carried out any investigation) and the buyer admits that the price takes into account the environmental condition of the lot.

G21.3 The buyer agrees to indemnify the seller in respect of all liability for or resulting from the environmental condition of the lot.

G22. Service ChargeG22.1 This condition G22 applies where the lot is sold subject

to tenancies that include service charge provisions.G22.2 No apportionment is to be made at completion in

respect of service charges. G22.3 Within two months after completion the seller must

provide to the buyer a detailed service charge account for the service charge year current on completion showing:

(a) service charge expenditure attributable to each tenancy;

(b) payments on account of service charge received from each tenant;

(c) any amounts due from a tenant that have not been received;

(d) any service charge expenditure that is not attributable to any tenancy and is for that reason irrecoverable.

G22.4 In respect of each tenancy, if the service charge account shows that:

(a) payments on account (whether received or still then due from a tenant) exceed attributable service charge expenditure, the seller must pay to the buyer an amount equal to the excess when it provides the service charge account;

(b) attributable service charge expenditure exceeds payments on account (whether those payments have been received or are still then due), the buyer must use all reasonable endeavours to recover the shortfall from the tenant at the next service charge reconciliation date and pay the amount so recovered to the seller within five business days of receipt in cleared funds;

but in respect of payments on account that are still due from a tenant condition G11 (arrears) applies.

G22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller must pay the expenditure incurred in respect of the period before actual completion date and the buyer must pay the expenditure incurred in respect of the period after actual completion date. Any necessary monetary adjustment is to be made within five business days of the seller providing the service charge account to the buyer.

G22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure or a depreciation fund:

(a) the seller must pay it (including any interest earned on it) to the buyer on completion; and

(b) the buyer must covenant with the seller to hold it in accordance with the terms of the tenancies and to indemnify the seller if it does not do so.

G23. Rent reviewsG23.1 This condition G23 applies where the lot is sold

subject to a tenancy under which a rent review due on or before the actual completion date has not been agreed or determined.

G23.2 The seller may continue negotiations or rent review proceedings up to the actual completion date but may not agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, such consent not to be unreasonably withheld or delayed.

G23.3 Following completion the buyer must complete rent review negotiations or proceedings as soon as reasonably practicable but may not agree the level of the revised rent without the written consent of the seller, such consent not to be unreasonably withheld or delayed.

G23.4 The seller must promptly: (a) give to the buyer full details of all rent review

negotiations and proceedings, including copies of all correspondence and other papers; and

(b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings.

G23.5 The seller and the buyer are to keep each other informed of the progress of the rent review and have regard to any proposals the other makes in relation to it.

G23.6 When the rent review has been agreed or determined the buyer must account to the seller for any increased rent and interest recovered from the tenant that relates to the seller’s period of ownership within five business days of receipt of cleared funds.

G23.7 If a rent review is agreed or determined before completion but the increased rent and any interest recoverable from the tenant has not been received by completion the increased rent and any interest recoverable is to be treated as arrears.

G23.8 The seller and the buyer are to bear their own costs in relation to rent review negotiations and proceedings.

G24. Tenancy renewalsG24.1 This condition G24 applies where the tenant under

a tenancy has the right to remain in occupation under part II of the Landlord and Tenant Act 1954 (as amended) and references to notices and proceedings are to notices and proceedings under that Act.

G24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not without the written consent of the buyer (which the buyer must not unreasonably withhold or delay) serve or respond to any notice or begin or continue any proceedings.

G24.3 If the seller receives a notice the seller must send a copy to the buyer within five business days and act as the buyer reasonably directs in relation to it.

G24.4 Following completion the buyer must: (a) with the co-operation of the seller take immediate

steps to substitute itself as a party to any proceedings;

(b) use all reasonable endeavours to conclude any proceedings or negotiations for the renewal of the tenancy and the determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably obtainable; and

(c) if any increased rent is recovered from the tenant (whether as interim rent or under the renewed tenancy) account to the seller for the part of that increase that relates to the seller’s period of ownership of the lot within five business days of receipt of cleared funds.

G24.5 The seller and the buyer are to bear their own costs in relation to the renewal of the tenancy and any proceedings relating to this.

G25. Warranties G25.1 Available warranties are listed in the special conditions.G25.2 Where a warranty is assignable the seller must: (a) on completion assign it to the buyer and give

notice of assignment to the person who gave the warranty; and

(b) apply for (and the seller and the buyer must use all reasonable endeavours to obtain) any consent to assign that is required. If consent has not been obtained by completion the warranty must be assigned within five business days after the consent has been obtained.

G25.3 If a warranty is not assignable the seller must after completion:

(a) hold the warranty on trust for the buyer; and (b) at the buyer’s cost comply with such of the lawful

instructions of the buyer in relation to the warranty as do not place the seller in breach of its terms or expose the seller to any liability or penalty.

G26. No assignment The buyer must not assign, mortgage or otherwise

transfer or part with the whole or any part of the buyer’s interest under this contract.

G27. Registration at the Land RegistryG27.1 This condition G27.1 applies where the lot is leasehold

and its sale either triggers first registration or is a registrable disposition. The buyer must at its own expense and as soon as practicable:

(a) procure that it becomes registered at Land Registry as proprietor of the lot;

(b) procure that all rights granted and reserved by the lease under which the lot is held are properly noted against the affected titles; and

(c) provide the seller with an official copy of the register relating to such lease showing itself registered as proprietor.

G27.2 This condition G27.2 applies where the lot comprises part of a registered title. The buyer must at its own expense and as soon as practicable:

(a) apply for registration of the transfer; (b) provide the seller with an official copy and title plan for the buyer’s new title; and (c) join in any representations the seller may properly

make to Land Registry relating to the application.G28. Notices and other communicationsG28.1 All communications, including notices, must be in

writing. Communication to or by the seller or the buyer may be given to or by their conveyancers.

G28.2 A communication may be relied on if: (a) delivered by hand; or (b) made electronically and personally acknowledged

(automatic acknowledgement does not count); or (c) there is proof that it was sent to the address of the

person to whom it is to be given (as specified in the sale memorandum) by a postal service that offers normally to deliver mail the next following business day.

G28.3 A communication is to be treated as received: (a) when delivered, if delivered by hand; or (b) when personally acknowledged, if made

electronically; but if delivered or made after 1700 hours on a

business day a communication is to be treated as received on the next business day.

G28.4 A communication sent by a postal service that offers normally to deliver mail the next following business day will be treated as received on the second business day after it has been posted.

G29. Contracts (Rights of Third Parties) Act 1999 No one is intended to have any benefit under the

contract pursuant to the Contract (Rights of Third Parties) Act 1999.

G30. Extra General Conditions


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AUTHORISATION FORM FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

TERMS & CONDITIONS FOR BIDDING BY TELEPHONE, INTERNET OR PROXY

1. The completed form must be delivered to Network Auctions (133 The Parade, Watford, Hertfordshire, WD17 1NA) no later than twenty four hours prior to the auction with the appropriate payment. If you intend to bid for more than one lot then a separate form for each lot must be completed.

2. The completed form must be delivered with a payment to include the deposit of 10% of the maximum bid (subject to a minimum of £2,500) and the auctioneers’ administration fee of £750 plus vat (£900). This payment can be made by cheque or banker’s draft (payable to Network Auctions). Payments by credit card or cash cannot be accepted. Cheques supplied by unsuccessful bidders will be destroyed.

3. If the bidder purchases the lot at less than ten times the sum of the deposit provided, the whole of the deposit provided will be used as the deposit payment and an adjustment will be made at completion by the seller’s solicitors who will provide a completion statement showing the adjustment.

4. The bidder is deemed to have inspected the legal pack and to have taken all necessary legal and other professional advice prior to bidding. The bidder is also deemed to have viewed the property (where viewings are made available by the Auctioneers).

5. The bidder is deemed to have full knowledge of the General and Special Conditions of Sale and the Notice to All Prospective Buyers therein. The bidder is also deemed to have full knowledge of any addendum produced by the Auctioneers at or prior to the auction. Bidders are advised to check whether any relevant addendum has or will be produced, but

the Auctioneers will not be liable to the bidder if he/she fails to check.

6. The bidder is deemed to have read the auction catalogue, the Auctioneers’ ‘Important Notes For Auction Bidders’ and to be aware of the guide price that the Auctioneers are quoting.

7. If the bidder attends the saleroom without having cancelled this agreement and bids for the lot in person, the Auctioneers are free to accept such bids in addition to any bids made under this agreement.

8. The Auctioneers assume that the bidder is bidding for himself/herself. If the bidder intends to purchase the lot in a name other than his/her personal name (and other than as shown on page 1 of thisagreement), arrangements must be made with the Auctioneers in advance.

Proof of IdentityThe completed form must be delivered with proofs of identity as detailed in the auction catalogue. Without these the Auctioneers will be unable to action this bid.

In addition to the above terms and conditions the following applies to internet bidders only:1. Internet bidders accept that access to Essential information Group’s (EIG) services (via EIG’s or Network Auctions’ website or services) could be interrupted or withdrawn at any time. If you intend to bid by internet you should also consider making an alternative provision for making bids prior to the auction. Neither the Auctioneers nor EIG have any liability if a bid fails to be received by us or if the bid is delayed or made in error for any reason.

In addition to the above terms and conditions the following four apply to telephone bidders only:

1. The Auctioneers will attempt to make contact with the bidder on the telephone number/s provided but take no responsibility for the availability, quality or sustainability of ‘the line’. When contact is made a member of the Auctioneers’ staff will take bids from the bidder and relay them to the Auctioneer.

2. If telephone contact is ‘lost’ or a connection cannot be made the bidder hereby authorises the Auctioneers to bid on his/her behalf up to the maximum bid amount shown on page 1 of this agreement.

3. A bidder bidding by telephone may exceed the maximum bid amount shown on page 1 and undertakes to provide the additional deposit funds (the difference between the deposit provided and 10% of the purchase price) to the Auctioneers immediately post auction.

4. The Auctioneers reserve the right not to bid on behalf of the bidder in the event of any uncertainty, error or disagreement and give no guarantee that any bid can be communicated to the Auctioneer prior to any other bids made in the saleroom.

In addition to the above terms and conditions the following two apply to proxy bidders only:1. The Auctioneers will make bids for the bidder up to the maximum amount shown on page 1 of this agreement, but not higher under any circumstances.

2. The Auctioneers undertake with the bidder to make an initial bid on the bidder’s behalf at a figure no higher than the reserve price and further undertake to bid incrementally on the bidder’s behalf as per other bids made in the saleroom.

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 ..............................................................



MEMORANDUM

Date: ..................................................................................................................................................................................................

Name of Seller: .................................................................................................................................................................................

Address of Seller: ............................................................................................................................................................................

Name of Buyer: .................................................................................................................................................................................

Address of Buyer: ............................................................................................................................................................................

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

Lot Number: ......................................................................................................................................................................................

Address: ............................................................................................................................................................................................

‘The Price’: ........................................................................................................................................................................................

‘Administration Charge’: £750 +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 3) 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: ............................................................................................................................................................................

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133 The Parade, Watford, Hertfordshire WD17 1NA

FUTURE AUCTIONSLONDONTHUrSDAy 10 DecemBer 2015

THUrSDAy 25 FeBrUAry 2016

THUrSDAy 5 mAy 2016

THUrSDAy 7 JULy 2016

WeDNeSDAy 14 SePTemBer 2016

WeDNeSDAy 19 OcTOBer 2016

THUrSDAy 8 DecemBer 2016

BIrmINGHAmWeDNeSDAy 16 DecemBer 2015

WeDNeSDAy 2 mArcH 2016

WeDNeSDAy 11 mAy 2016

WeDNeSDAy 13 JULy 2016

TUeSDAy 25 OcTOBer 2016

WeDNeSDAy 14 DecemBer 2016