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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

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THURSdAy 7 SEPTEMBER 2017 AT 2:00 pmGROSVENOR HOUSE HOTEL , 86-90 PARk LANE,

LONdON W1k 7TN

0003_NA_Cover_Sept 17 NO PCC.indd 3 10/08/2017 16:11

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 first opened in 1929. It was meticulously restored to the highest standard before reopening as a JW Marriott hotel in 2008, and retains many historic touches, 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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W O O D S M E W S

C U L R O S S S T

GrOsVENOr HOUsE HOTEL 86-90 PARk LANE. LONdON W1k 7TN

Toby Limbrick FNAVA [email protected]

Richard Worrall FNAVA [email protected]

Guy Charrison FNAVA, FRICS [email protected]

Stuart Elliott FNAVA, MARLA [email protected]

Mark Limebear [email protected]

Denise Daniels [email protected]

INTrOdUCING THE AUCTION TEAM


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IMPORTANT NOTICE

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

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

THURSDAY 7 SEPTEMBER 2017 at 2:00 pmGrosvenor House Hotel , 86-90 Park lane, london W1k 7tn

ORDER OF SALE: LONDON

LOT ADDRESS LOT ADDRESS LOT ADDRESS

1 23 Crowe lane, Freshford, Bath, avon, Ba2 7WB

2 90 - 92 Midland road, luton, Bedfordshire, lu2 0Bl

3 Cowslip Cottage, 87-89 High street, Barkway, royston, Hertfordshire, sG8 8ed

4 land to the rear, 57 Howberry road, thornton Heath, surrey, Cr7 8HZ

5 72a Peel road, Harrow, Middlesex, Ha3 7Qu

6 Bristol House, Milton road, Weston-super-Mare, avon, Bs23 2uY

7 63 the Walk, Potters Bar, Hertfordshire, en6 1QJ

8 4 st. Quentins Hill, llanblethian, Cowbridge, south Glamorgan, CF71 7Jt

9 43a victoria road, kilburn, london, nW6 6ta

10 12 Birkburn road, kelloholm, sanquhar, dumfriesshire, dG4 6se

11 apartment 402 kingswood Hall, kingswood, sheffield, south Yorkshire, s6 1rn

12 52 High street, kempston, Bedford, Bedfordshire, Mk42 7al

13 long Hop, 80 key street, sittingbourne, kent, Me10 1Yu

14 Former Pumping station, Walcot road, swindon, Wiltshire, sn3 1dX

15 rose & Crown, Crows lane, upper Farringdon, alton, Hampshire, Gu34 3ed

16 Hillsborough, 36 new road, Port Isaac, Cornwall, Pl29 3sd

17 146 Mount Pleasant, Wembley, Middlesex, Ha0 1ue

18 62, 62a and 62B Church road, ashford, Middlesex, tW15 2ts

19 land adjacent to 1 ayebridges avenue, egham, surrey, tW20 8Hr

20 38 Marlowes, the square, Hemel Hempstead, Hertfordshire, HP1 1eP

21 6 Carter avenue, Hebburn, tyne and Wear, ne31 1Qs

22 tree tops, old kittle road, Bishopston, swansea, West Glamorgan, sa3 3Ju

23 Flat G, 217 tokyington avenue, Wembley, Middlesex, Ha9 6Hd

24 Flat H, 217 tokyington avenue, Wembley, Middlesex, Ha9 6Hd

25 41-51 Queen street, Burslem, stoke-on-trent, staffordshire, st6 3eH

26 Plough Inn, 81 Chapel street, thatcham, Berkshire, rG18 4Js

27 lindow, sandy lane, rhosneigr, Gwynedd, ll64 5QF

28 Garages 3, 4, 5, 6, 7 and 8, 6 x Garages off lyon Park avenue, Wembley, Middlesex, Ha0 4dH

29 4, 4a & 4B Quendon drive, Waltham abbey, essex, en9 1lG

30 the Black swan, High street, Monxton, andover, Hampshire, sP11 8aW

31 smocks Cottage, Monument road, Wellington, somerset, ta21 9PW

32 84, 84a and 84B High street, sheerness, kent, Me12 1uB

33 5 all saints Mews, Harrow, Middlesex, Ha3 6dY

34 113 london road, Bexhill-on-sea, east sussex, tn39 3lB

35 swan Inn, eversley road, arborfield Cross, reading, Berkshire, rG2 9PQ

36 30 livingstone road, Christchurch, dorset, BH23 1Hl

37 Plot 69, lot 5 raunds road, stanwick near raunds, Wellingborough, northamptonshire, nn9 6PP

38 11 amersham Crescent, Peterlee, County durham, sr8 5JJ

39 1C steamer street, Barrow-in-Furness, Cumbria, la14 2sG

40 16 stevenson road, Hengistbury Head, Bournemouth, dorset, BH6 4dB

41 ash House, 41 Main street, ash, Martock, somerset, ta12 6PB

42 32 Barlow street & 10 Catesby street, elephant & Castle, london, se17 1HW

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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, debit card or credit card (use of a credit card carries a 2% handling fee). Payments by 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.

Fixed or variable additional fees and costs may be payable by the buyer on top of the purchase price: these will include a buyer’s administration fee of £900 incl vat and may include contributions towards the seller’s costs, documentation costs, ground rent, apportionment of rent or service charge, rent or service charge arrears, vat, stamp duty land tax etc. to establish the full cost of purchasing a property please obtain your own independent advice and inspect the legal documentation, in particular the special conditions.

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 £900 incl 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 £900 incl 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.

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NOW TAKING LOTS

AGENTSOWNERS

INVESTORS

FOR OUR NEXT AUCTION

LOCAL EXPERTISE | NATIONAL COVERAGE

IDENTIFICATION DOCUMENTS

PRE-AUCTION OFFERS

CATALOGUE LOTS INVITED

Important NoticeMoney Laundering Regulations 2007.

as a requirement under this legislation, any person buying or bidding at auction, Must produce documentation to confi rm their name and residential address. Please fi nd 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 offi ce to eu nationals

• Inland Revenue Tax Notifi cation

• Firearms Certifi cate

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’ offi ce 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.

020 7871 0420www.networkauctions.co.uk

ENTRIES INVITED FOR FORTHCOMING AUCT IONS

● Development opportunities

● Sites with & without planning

● Residential & commercial investments

● Ground rent investments

● Land

C O N TA C T U S F O R A D V I C E & A P P RA I S A L O F P R O P E RT I E S ANYWHERE IN THE UK

A 3 bedroom detached (non-standardconstruction) bungalow occupying a freeholdsite of 0.12 acres, development potential,vacant.Description / Location:Freshford is a highly regarded village approximately 5 miles from Bathand provides an excellent range of amenities including a primaryschool, public house, church, doctors surgery, village hall and trainservice to Bath. The property enjoys open views to the rear and is oftimber frame construction with corrugated steel cladding. The buildingrequires modernisation, there is potential for replacement with acontemporary building subject to planning.

Accommodation:Ground Floor: Living room, kitchen, 3 bedrooms, bathroom.Outside:Mature gardens, attractive views.

Tenure:Freehold

To View:Please contact Network Auctions on 020 7871 0420

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

LOT

1BATH23 CROWE LANE, FRESHFORD, AVON, BA2 7WB

GUIDE PRICE:£220,000 - £230,000*

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

Freehold commercial investment comprising a vacant shop with2 flats above.Description / Location:A freehold building comprising a large ground floor vacant shop of 1138 sq/ft (source EPC)benefitting from A3 use (food & drink). In addition the first floor comprises a 2 bedroom flat and1 bedroom flat with an additional study/nursery room, flat both let on AST's.The 2 bedroom flat is let on an Assured Shorthold Tenancy for 18 months from 11th March 2017at a rent of £675 p.c.m and the 1 bedroom flat is let on an Assured Shorthold Tenancy for 24months from 30th May 2017 at a rent of £575 p.c.m.

Accommodation:Ground Floor Vacant shop unitGround & First Floor 2 bedroom duplex flat comprising a kitchen and bathroom on the groundfloor and living room and 2 bedrooms on the first floor.First Floor A 1 bedroom flat with additional study/ nursery room, Kitchen, living room, bathroom.

Energy Rating - Shop B 42

Tenure:Freehold

To View:Please contact Elliott Network Auctions on 01923 240420

Local Authority:Luton Borough CouncilTelephone: 01582 546000 | www.luton.gov.uk

LOT

2LUTON90 - 92 MIDLAND ROAD, BEDFORDSHIRE, LU2 0BL

GUIDE PRICE:£325,000+£15,000 p.a.

*


An attractive and well presented, 3 bedroom, 4reception room detached house (1345 sq ft,source EPC) occupying a wide plot and situatedin this sought after Hertfordshire village,development potential, vacant.Description / Location:The house is set back from the road with access via a gated driveway.Originally a pair of cottages the house has been remodelled, extendedand refurbished to provide a beautifully presented family home. Theplot extends to 3 sides providing good potential for further extension orthe addition of an additional dwelling/s subject to the usual consents.

Accommodation:Ground Floor: Entrance hall, shower room, sitting room, dining room,family room, study, kitchen and conservatory.First Floor: Landing, 3 double bedrooms, bathroom.Outside: Extensive landscaped gardens to 3 sides, parking for severalvehicles. The driveway is gravelled and gated and used exclusivity bythe property with access granted via the lease.

Tenure:Leasehold: 99 years from 10/12/2002Freeholder: National Trust. Ground Rent £260 pa.

To View:Please contact Marshalls Network Auctions on 01763 247 788

Local Authority:North Hertfordshire District Council01462 474000 www.north-herts.gov.uk

LOT

3ROYSTONCOWSLIP COTTAGE, 87-89 HIGH STREET, BARKWAY,HERTFORDSHIRE, SG8 8ED

GUIDE PRICE:£395,000+*


Continued...ROYSTONCOWSLIP COTTAGE, 87-89 HIGH STREET, HERTFORDSHIRE,SG8 8ED


LOT

4THORNTON HEATHLAND TO THE REAR, 57 HOWBERRY ROAD, SURREY, CR7 8HZ

GUIDE PRICE:£115,000+

Freehold site with planning permission fora 2 double bedroom detached house withvehicular access and provision forparking.Description / Location:Freehold land with a site area of 102.5 sq/m (source approvedplans) situated to the rear of 57 Howberry Road. Planningpermission was granted by Croydon Council on 15thSeptember 2016 (planning application No. 16/03524/P) for theerection of a 2 bedroom, 2 storey house with a gross floor areaof 85.2 sq/m (source approved plans) with off road parking.

Accommodation:Ground Floor: Lounge/dining room with open plan kitchen,cloakroomFirst Floor 2 double bedrooms, ensuite shower room, separatebathroomOutside Garden/Patio area

Tenure:Freehold

Joint Auctioneers:Please contact James Alexander Network Auctions on 0208679 8601.

Local Authority:London Borough of Croydon020 8726 6000 www.croydon.gov.uk

*


EnergyCOMMERCIAL & DOMESTIC EPCs

NATIONWIDE COVERAGE

IMMEDIATE RESPONSE

For quotes contact us:0207 871 [email protected]

Domestic EPCs from £40 +VAT

Commercial EPCs from £95 +VAT

A 1 bedroom first floor flat located close toHarrow and Wealdstone station - Vacant.Description / Location:This 1 bedroom first floor flat is located within a short walk ofWealdstone's transport and shopping facilities, Harrow and Wealdstonestation 0.2miles.

Accommodation:First floor: Living room, kitchen, bedroom, bathroom.

Tenure:LeaseholdThe property is held on a 99 year lease from 25th March 1983.

To View:Please contact Hinton & Downes Network Auctions on 0208 861 1066

Local Authority:Harrow Council020 8863 5611 www.harrow.gov.uk

LOT

5HARROW72A PEEL ROAD, MIDDLESEX, HA3 7QU

GUIDE PRICE:£180,000+Estimated rent £10,800 p.a.

*


A freehold, 2 storey detached public house(2777 sq ft, source EPC) occupying a cornersite of 0.3 acres with development potential,vacant.Description / Location:Occupying a prominent location at the junction of Milton Road andAshcombe Park Road with a large car park. The property is ideallysuited to a number of existing and alternative commercial uses orredevelopment subject to the usual consents. The property is not listednor situated within a conservation area, it should be noted that theproperty is listed as an asset of community value.

Accommodation:Ground Floor: Extensive bar area with servery, customer wc's, tradekitchen and wash up area.First Floor: Function room and break out room, dumb waiter to tradekitchen. Managers flat comprising 3 double bedrooms, living room,kitchen, bathroom, utility room.Outside: Trade garden to the rear, large car park with access fromMilton Road and Ashcombe Park Road. Energy Rating: D/86

Tenure:Freehold


Local Authority:North Somerset Council01934 888888 http://www.n-somerset.gov.uk

VAT IS APPLICABLE TO THIS LOT

LOT

6WESTON-SUPER-MAREBRISTOL HOUSE, MILTON ROAD, AVON, BS23 2UY

GUIDE PRICE:SOLD PRIOR*


Common sense lending,uncommonly quick.Our common sense approach to short-term lending means we look at every application on its own merits; considering all income types and even the most unusual purchases.

So when you need a quick decision, we’re on your side; on the phone, online or even right there with you in the auction room.

For a common sense decision,delivered quickly, call 0161 933 7155.

togethermoney.com/auction-fi nanceAny property used as security, including your home, may be repossessed if youdo not keep up repayments on a mortgage or any other debt secured on it.

A 3 bedroom semi detached house (1108 sq ft,source EPC) requiring modernisation andrefurbishment, situated in one of Potters Bar'smost sought after roads, development potential,vacant.Description / Location:The Walk is a tree lined residential street close to Darkes Lane andPotters Bar station (0.3 miles). The property occupies a generous plotof 0.13 acres with great scope for extension subject to the necessaryconsents.

Accommodation:Ground Floor: Entrance hall, sitting room, dining room, kitchen.First Floor: Landing, 3 bedrooms, bathroom.Outside: Front garden with driveway to garage. Rear garden extends145 ft.Energy Rating: D/61

Tenure:Freehold

To View:Please contact Raine & Co Potters Bar for viewings on 01707 665577.

Local Authority:Hertsmere Borough Council020 8207 2277 www.hertsmere.gov.uk

LOT

7POTTERS BAR63 THE WALK, HERTFORDSHIRE, EN6 1QJ

GUIDE PRICE:£530,000 - £540,000*


An attractive and well presented 2 bedroomcharacter cottage (710 sq ft, source EPC)situated in this prime location in the Vale ofGlamorgan, vacant.Description / Location:Llanblethian is one of the Vale of Glamorgan's most sought after areas,a pretty village within walking distance of Cowbridge and its excellentrange of shops, boutiques and highly rated restaurants. Cowbridge wasnamed the "Best Place to live in Wales" in a 2017 guide by the SundayTimes. The house provides a wealth of character features includingexposed stone walls and a wood burning stove, complimented bymodern fixtures. Ideal for occupation or rental investment.

Accommodation:Ground Floor: Living room, kitchen/breakfast room, bathroom.First Floor: Landing, 2 bedrooms, far reaching views from the frontbedroom.Outside: Pretty front garden with courtyard to the side.Energy Rating: D/56

Tenure:Freehold


Local Authority:Vale of Glamorgan Council01446 700111 www.valeofglamorgan.gov.uk

LOT

8COWBRIDGE4 ST. QUENTINS HILL, LLANBLETHIAN, SOUTH GLAMORGAN,CF71 7JT



A beautifully presented 2 bedroom / 2 bathroomgarden flat (680 sq ft) situated in a tree linedroad, vacant.Description / Location:Victoria Road is close to the shops, cafes and amenities of SalusburyRoad and Kilburn High Road. Local transport links include Queen'sPark (Bakerloo Line) and Kilburn High Road (London Overground), both0.3 miles. The contemporary interior space is complimented by aprivate rear garden and the apartment is ready for occupation.

Accommodation:Garden Flat: Entrance hall, living room with dining area andcontemporary fitted kitchen, master bedroom with en-suite showerroom, bedroom 2, family bathroom.Outside: Front courtyard, rear garden.Energy Rating: C/78

Tenure:Leasehold: 250 years from 2012, ground rent £350 pa.

To View:Please contact Queens Park Network Auctions on 0207 372 5950

Local Authority:Brent Council020 8937 1234 www.brent.gov.uk

LOT

9LONDON43A VICTORIA ROAD, KILBURN, NW6 6TA



LOT

10SANQUHAR12 BIRKBURN ROAD, KELLOHOLM, DUMFRIESSHIRE, DG4 6SE

GUIDE PRICE:£28,000+Estimated Rental Value: £4500 pa

A 3 bedroom end terrace house, ideal foroccupation or rental investment, vacant.Description / Location:Kelloholm is close to the Dumfriesshire / Ayrshire border andwithin an hours drive of Glasgow. Kirkconnel Station (0.6 miles)offers good links to Glasgow, Dumfries and Carlisle. Kelloholmamenities include a primary school, leisure centre and a varietyof shops with secondary schooling at Sanquhar. The housebenefits from gas heating via radiators and double glazedwindows.

Accommodation:Ground Floor: Entrance hall, living room, lean to conservatory,kitchen, bathroom.First Floor: Landing, 3 bedrooms.Outside: Gardens front and rear

Tenure:Feuhold (freehold)


Local Authority:Dumfries and Galloway Council030 33 33 3000 www.dumal.gov.uk

*

LOT

11GUIDE PRICE:£90,000

By order of the executors

A large contemporary split level 1bedroom apartment (703 sq ft, sourceEPC) situated in a prestige developmentwith allocated parking, vacant.Description / Location:The apartment is situated in the tower section of a magnificentperiod building. The property is presented in good order and isready for occupation, the triple aspect living room offers farreaching panoramic views.

Accommodation:Ground Floor: Entrance hall, store.First Floor: Double bedroom, bathroom.Second Floor: Triple aspect living room.Third Floor: Kitchen / dining room, separate wc.Outside: Landscaped communal grounds, allocated parking.Energy Rating: E/54

Tenure:Leasehold: balance of 999 year term.


Local Authority:Sheffield City Council0114 273 4567 www.sheffield.gov.uk

SHEFFIELDAPARTMENT 402 KINGSWOOD HALL, KINGSWOOD, SOUTHYORKSHIRE, S6 1RN

*


An attractive bay fronted semi detached housewith a self contained annex / studio occupying asite of 0.08 acres.Description / Location:The house is set back from the road in the Kempston, the area benefitsfrom a variety of amenities to include schools, a swimming pool, GPsurgery and a Sainsburys superstore, Kempston station 1.6 miles.The 3 bedroom accommodation is currently let on an AssuredShorthold Tenancy for 12 months from 30/10/2016 at £850 per calendarmonth.Anticipated rental income for the annex is £650 per calendar month.

Accommodation:Ground Floor: Entrance hall, lounge / dining room, kitchen.First Floor: Landing, access to loft space, 3 bedrooms, bathroom.Studio / annex Studio room with kitchen area and shower room.Outside: Front garden with driveway, rear garden.Energy Rating: E/41

Tenure:Freehold

Local Authority:Bedford Borough Council01234 267422 www.bedford.gov.uk

LOT

12BEDFORD52 HIGH STREET, KEMPSTON, BEDFORDSHIRE, MK42 7AL

GUIDE PRICE:£265,000 - £275,000Estimated rent £18,000 p.a.

*


A freehold detached public house (1980 sq ft,source EPC) occupying a prominent site of 0.12acres with a car park, development potential,vacant.Description / Location:Situated at the junction of Key Street and Wise Street opposite GorePark open space in an established residential area. The property is notlisted and does not lie in a conservation area, it is not listed as an assetof community value. There is good potential for a variety of commercialuses, particularly restaurant / takeaway style operations with residentialaccommodation / flats on the first floor subject to the necessaryconsents. The first floor accommodation is accessed separately to theground floor trade areas.

Accommodation:Ground Floor: Open plan and split level bar and dining areas with 50covers, servery, trade kitchen, customer wc's.Lower Ground Floor: Cellar storage.First Floor: Large dual aspect sitting room, kitchen, 2 doublebedrooms, bathroom.Outside: Trade garden and car park. Energy Rating: E/105


Local Authority:Swale Borough Council01795 424341 www.swale.gov.uk


LOT

13SITTINGBOURNELONG HOP, 80 KEY STREET, KENT, ME10 1YU

GUIDE PRICE:£240,000 - £250,000*


A freehold site of 0.14 acres with consent fordemolition of a former pump house andredevelopment of a contemporary 3 bedroom /2 bathroom detached dwelling.Description / Location:The site is accessed from Walcot Road, local shops and amenities arenearby. Planning was granted on appeal Ref:APP/U3935/W/14/3001288 by Swindon Borough Council on07/04/2015.

Accommodation:Proposed Accommodation: Open plan living space with kitchen, innerhall, master bedroom with en-suite shower room, 2 further bedrooms,family bathroom.Outside: Private patio / garden and associated nature conservationarea.

Tenure:Freehold with vacant possession


Clive Slade logo

Local Authority:Swindon Borough Council01793 463000 www.swindon.gov.uk

LOT

14SWINDONFORMER PUMPING STATION, WALCOT ROAD, WILTSHIRE,SN3 1DX



A spacious and detached freehold public house(3024 sq ft, source EPC) occupying a site of0.34 acres, development potential, vacant.Description / Location:The property is situated in the village of Upper Farringdonapproximately 3 miles south of Alton. The property lies within the UpperFarringdon conservation area but is not listed, it has been listed as anasset of community value. There is good potential for existing andalternative commercial use and the site offers potential for furtherdevelopment subject to planning. We refer bidders to the title plan inthe legal pack for details of a right of way to the north of the site.

Accommodation:Ground Floor: Spacious L shaped bar with servery, dining room, tradekitchen, customer wc's and cellarage.First Floor: Landing, 4 double bedrooms, bathroom.Outside: The site extends to to the rear and both sides of the property,there is a 20 bay car park. Energy Rating: D/88

Tenure:Freehold


Local Authority:East Hampshire District Council01730 266551 www.easthants.gov.uk


LOT

15ALTONROSE & CROWN, CROWS LANE, UPPER FARRINGDON,HAMPSHIRE, GU34 3ED

GUIDE PRICE:£330,000 - £340,000*


Exciting freehold development opportunity inPort Issac - VacantSet on a large plot in this favoured location, the property offers theopportunity of redevelopment to create a large four bedroom split levelhouse with an integral 2 bedroom annexe on the lower ground floor(subject to detailed planning permission) or refurbish the existingdetached dormer bungalow. Outline Planning consent PA16/03654was granted in June 2016 to replace the existing house with a newdwelling.

Accommodation:Existing property:Ground floor: Entrance hall, 2 reception rooms, kitchen, 2 bedrooms,bathroom.First floor: Loft room.Outside: Large gardens, ample parking.Energy Rating : G/15

Tenure:Freehold - vacant possession.

To View:Please contact My Place in Cornwall Network Auctions on 01208813874.

Local Authority:Cornwall Council0300 1234 100 www.cornwall.gov.uk

LOT

16PORT ISAACHILLSBOROUGH, 36 NEW ROAD, CORNWALL, PL29 3SD



A 3 bedroom end terraced house close toAlperton (Picadilly Line) tube station - Vacant.Description / Location:This 3 bedroom, 2 bathroom property is fitted with double glazing andcentral heating and is close to Ealing Road with local schools, shopsand amenities close by. Alperton tube station (Picadilly Line) is 0.4miles and Stonebridge Park and Hanger Lane are 0.7 miles.

Accommodation:Ground floor: Entrance hall, 2 reception rooms, kitchen/breakfast area,shower room and w.c.First floor: 3 bedrooms, bathroom.EPC rating E/55

Tenure:Freehold

To View:Please contact Grey & Co Network Auctions on 020 8903 3909.


LOT

17WEMBLEY146 MOUNT PLEASANT, MIDDLESEX, HA0 1UE



A 2 storey mixed use freehold buildingcomprising a ground floor retail unit (3509 sqft, source EPC) let producing £42,120 pa and 2x 2 bedroom flats above (one let, one vacant),freehold, development potential.Description / Location:Prominent town centre position next to Boots Pharmacy oppositeAshford War Memorial, local operators include Co-Op Food,Ladbrokes, Costa and Lloyds Pharmacy. The ground floor is let for 20years from 08/10/2008 at a rent of £42,120 pa with 5 year reviews, nextreview 08/10/2018. The retail unit provides potential to divide the spaceand create residential units at the rear and also on the flat roof abovesubject to planning. Neighbouring 3 storey buildings mean there is anopportunity to extend the subject and create an additional floor/ssubject to planning.

Accommodation:Ground Floor: 3510 sq ft.First Floor: 2 x 2 bedroom flats. 62a 667 sq ft, vacant. 62b 570 sq ftplus roof terrace, let producing £850 pcm. The flats are accessedindependently at the side of the building.Outside: Rear yard and access road.

Tenure:Freehold

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

Local Authority:Spelthorne Borough Council01784 451499 www.spelthorne.gov.uk

LOT

18ASHFORD62, 62A AND 62B CHURCH ROAD, MIDDLESEX, TW15 2TS

GUIDE PRICE:£775,000+Current Rent Reserved: £52,320 pa

*


ASHFORD62, 62A AND 62B CHURCH ROAD, MIDDLESEX, TW15 2TS Continued...


A vacant freehold site of 0.13 acres withdevelopment potential for 2 x 3 bedroom semidetached houses subject to planning.Description / Location:The site is situated in a popular residential street of detachedbungalows and semi detached houses, using Promap the roadfrontage is 51ft, the site depth extends to a minimum 106 ft and amaximum 116 ft. A planning application Ref: RU.15/0589 wassubmitted to Runnymede Borough Council in 2015 for the erection of apair of semi detached houses. It was withdrawn when the EnvironmentAgency stated in a letter dated 24/04/2015 that they would object to thescheme on the basis a flood risk assessment (FRA) submitted with theapplication did not comply with the requirements set out in the nationalplanning policy framework (NPPF). The elevation drawings and floorplans shown here are reproduced from application Ref: RU.15/0589and can be downloaded from the local authority website. An alternativescheme / FRA may result in a grant of planning consent.

Tenure:Freehold

To View:Please contact Clive Slade Network Auctions on 07463 206666.

Local Authority:Runnymede Borough Council01932 838383 www.runnymede.gov.uk

LOT

19EGHAMLAND ADJACENT TO 1 AYEBRIDGES AVENUE, SURREY,TW20 8HR



A freehold, single storey retail unit (355 sq ft,source EPC) with parking space, ideallysituated in the town centre.Description / Location:Located just off the Marlowes adjacent to operators including Greggs,Subway and Ladbrookes. The property provides a shop front, retailarea and cloakroom/wc, there is a parking space at the rear.

Accommodation:Ground Floor: Shop front, retail area, cloakroom/wc.Outside: Parking space to the rear, access via service road.

Tenure:Freehold


Local Authority:Dacorum Borough CouncilTelephone: 01442 228000 www.dacorum.gov.uk

LOT

20HEMEL HEMPSTEAD38 MARLOWES, THE SQUARE, HERTFORDSHIRE, HP1 1EP

GUIDE PRICE:£95,000+Estimated Rental Value: £12,000 pa

*


LOT

21HEBBURN6 CARTER AVENUE, TYNE AND WEAR, NE31 1QS

GUIDE PRICE:£40,000 - £45,000Estimated Rental Value: £5700 pa

A spacious 2 bedroom mid terraced housewith, 2 reception rooms (1054 sq ft,source EPC) requiring modernisation,vacant.Description / Location:Situated in the heart of Hebburn, close to the town centre withshops, local transport and good links to South Shields andNewcastle (Hebburn Metro 0.2 miles). The house was re-wiredin 2010 but will benefit from refurbishment and modernisation.

Accommodation:Ground Floor: Entrance hall, sitting room, dining room, kitchen,bathroom and separate wc.First Floor: Landing with access to loft, 2 double bedrooms.Outside: Front garden, rear yard. Neighbouring properties havecreated off street parking within the rear yard area.

Tenure:Freehold with vacant possession.

To View:Please contact Surelock Network Auctions on 0121 400 7980

Local Authority:South Tyneside Council0191 427 7000 www.southtyneside.co.uk

*

LOT

22SWANSEATREE TOPS, 3 OLD KITTLE ROAD, BISHOPSTON, WESTGLAMORGAN, SA3 3JU


A 3 bedroom detached bungalow requiringmodernisation.Description / Location:A detached bungalow situated in the Bishopston Valley, apopular location to the west of the Mumbles. The property isdated internally and will benefit from cosmetic refurbishment.The property is located immediately adjacent to Upper Daw Pita natural cave. A structural inspection report on the propertystates there is no evidence of subsidence. A copy of the reportis available by contacting the auctioneers.

Accommodation:Ground Floor Entrance Hall, sitting/dining room, kitchen, utilityroom, study, 3 bedrooms, bathroom.


Local Authority:Swansea City & County Council01792 636000 www.swansea.gov.uk

*


LOT

23WEMBLEYFLAT G 217 TOKYINGTON AVENUE, MIDDLESEX, HA9 6HD


A newly refurbished 1 bedroom secondfloor flat close to Stonebridge Park tubestation - VacantDescription / Location:The property is within minutes walk from Stonebridge park tubestation (Bakerloo line)/ London Overground station and in Zone3. The flat consists of an open plan kitchen/living room andseparate bedroom and is fitted with gas central heating anddouble glazing. New 125 year lease.

Accommodation:Second floor: Living room with open plan kitchen area,bedroom, shower room.EPC rating C/77

Tenure:Leasehold - New 125 year lease.



*

LOT

24WEMBLEYFLAT H 217 TOKYINGTON AVENUE, MIDDLESEX, HA9 6HD


A newly refurbished 1 bedroom secondfloor flat close to Stonebridge Park tubestation - Vacant.Description / Location:The property is within minutes walk from Stonebridge park tubestation (Bakerloo line)/ London Overground station and in Zone3. The flat consists of an open plan kitchen/living room andseparate bedroom and is fitted with gas central heating anddouble glazing. New 125 year lease.

Accommodation:Second floor: Living room with open plan kitchen, bedroom,shower room.

Tenure:Leasehold - New 125 year lease.



*


30


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PROPERTYTO SELL?

Our unique approach combines major auction events in London and Birmingham with a network of partner fi rms throughout the country. Sellers benefi t from the best of both worlds – expert local marketing combined with national exposure, it’s the right way to achieve the best possible price for your property.

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31


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NA_Partner Ad_DPS_2017_v2.indd 31 15/06/2017 08:38

Freehold commercial investment comprising a parade of 6 shops with ancillary accommodationon the first floor and a second floor with potential for development subject to planning.Description / Location:Situated within the town centre of Burslem, a freehold parade of 6 shops with internal access to ancillary accommodation on the first floor. Thesecond floor has a separate side access. There is further opportunity to increase the current rent roll and redevelop the second floor subject toplanning consent.


Floor/No. Present Lessee Accommodation Lease Terms CurrentRent

NextReview/Reversion

Unit 41 Vacant Ground Floor Shop, Internal width 16'2, BuiltDepth 62'4. First Floor approx.1025 sq/ft, 2 WC's

N/A

Unit 43 Vacant Ground Floor Shop, Internal width 14'5, BuiltDepth 35'1, WC. First Floor approx. 267 sq/ft

N/A

Unit 45 Nusyte Optical GroupLtd (Opticians)

Ground Floor Shop, Internal width 14'5, BuiltDepth 35'1, WC. First Floor approx. 280 sq/ft,WC

5 year lease from 6th April2015

£6750p.a.

2020

Unit 47 Samaritans Ground Floor Shop, Internal width 14'5, BuiltDepth 35'1, WC. First Floor approx. 225 sq/ft,WC

5 year lease from 11thNovember 2016

£4000 p.a 2021

Unit 49 Corben Travel Ltd Ground Floor Shop, Internal width 14'6, BuiltDepth 35'1, WC. First Floor approx. 290 sq/ft

6 years from 24th June2010 (holding over)

£7000p.a.

2016

Unit 51 Mr A Khan Ground Floor Shop, Internal width 20' (max),Built Depth 42, WC. First Floor approx. 772 sq/ft

5 years from 22nd March2016

£7000p.a.

2021

SecondFloor

B. Pickett 2nd Floor approx. 2056 sq/ft 1 year lease from 1stAugust 2014 (holdingover)

£4680p.a.

2015

LOT

25BURSLEM, STOKE-ON-TRENT41-51 QUEEN STREET, STAFFORDSHIRE, ST6 3EH

GUIDE PRICE:£150,000+£29,430 p.a.

*


An attractive detached public house (1926 sq ft,source EPC) occupying a site of 0.25 acres withdevelopment potential, vacant.Description / Location:Situated in the town of Thatcham approximately 4 miles east ofNewbury. The property is Grade II listed and is not situated in aconservation area. There is good potential for existing and a variety ofalternative commercial uses or conversion to residential use subject toplanning. The car park at the the rear offers good potential for furtherdevelopment subject to planning consent.

Accommodation:Ground Floor: Two defined trading areas with central servery, customerwc's, trade kitchen, ground floor beer cellar.First Floor: Living room, 3 bedrooms, bathroom.Outside: Trade garden with space for 30 covers, extensive car park tothe rear. Energy Rating: E/115

Tenure:Freehold


Local Authority:West Berkshire Council01635 424000 www.westberks.gov.uk


LOT

26THATCHAMPLOUGH INN, 81 CHAPEL STREET, BERKSHIRE, RG18 4JS

GUIDE PRICE:£370,000 - £380,000*


A 3 bedroom detached bungalow on a site of 0.44 acres withdevelopment potential. Vacant.Description / Location:The property is situated on a site of 0.44 acres within a popular costal village and fronts bothFfordd Maelog and Sandy Lane, comprises 3 bedrooms, 2 reception rooms site. There is goodpotential to demolish the existing dwelling and redevelop the site by either erecting 2 or 3bungalows, or flats, subject to the usual planning consents.

Accommodation:Ground Floor 2 reception rooms, kitchen, 3 bedrooms, bathroom.Outside Large grounds of 0.44 acres

Tenure:Freehold


Local Authority:Cynor Gwynedd Council01766 771000 www.gwynedd.gov.uk

LOT

27RHOSNEIGRLINDOW, SANDY LANE, GWYNEDD, LL64 5QF

GUIDE PRICE:£265,000 - £275,000*


A block of 6 lock up garages ideally situated close to WembleyCentral Station, ideal for subletting or storage, vacantpossession.Description / Location:The garages are located in a densely populated area off Lyon Park Avenue to the rear ofAylestone Court and Claverack Court, close to the High Road and Wembley Central station.

Tenure:Leasehold: 99 years from 25 December 1975

To View:Please contact Clive Slade Network Auctions on 07463 206666.


LOT

28GUIDE PRICE:£65,000+

WEMBLEYGARAGES 3, 4, 5, 6, 7 AND 8, 6 X GARAGES OFF LYON PARKAVENUE, MIDDLESEX, HA0 4DH

*


A freehold site of 0.2 acres comprising a 3bedroom semi detached house with planningconsent for the erection of an additional pair of3 bedroom, 2 bathroom detached houses to theside.Description / Location:A freehold site of 0.2 acres comprising a 3 bedroom semi detachedhouse with planning consent for the erection of an additional pair of 3bedroom / 2 bathroom detached houses to the side.The property issituated in a quiet residential street close to the town centre, WalthamCross station 1.5 miles. Planning was granted by Epping Forest DistrictCouncil on 22/03/2017 Ref: PL/EPF/3381/16, the decision notice andassociated drawings can be downloaded from the council's website.

Tenure:Freehold


Local Authority:Epping Forest District Council01992 564000 www.eppingforestdc.gov.uk

LOT

29WALTHAM ABBEY4, 4A & 4B QUENDON DRIVE, ESSEX, EN9 1LG

GUIDE PRICE:£725,000 - £750,000*


A freehold public house (3433 sq ft, sourceEPC) with garden (0.16 acres) and a separatecar park and village green (0.47 acres),development potential, vacant.Description / Location:The property is situated in a residential street, it is listed Grade II andhas an asset of community value. The car park is situatedapproximately 100m from The Black Swan and provides potential fordevelopment subject to planning, part of the site is designated villagegreen and an electricity substation is located on the site. We referbidders to the deed dated 17/09/1997 within the legal pack which refersto a development claw back expiring 17/09/2018.

Accommodation:Ground Floor: Main bar with servery and 2 restaurant areas, tradekitchen, beer cellar, customer wc's.First Floor: 4 rooms, bathroom.Energy Rating: D/97

Tenure:Freehold


Local Authority:Test Valley Borough Council01264 368000 www.testvalley.gov.uk


LOT

30ANDOVERTHE BLACK SWAN, HIGH STREET, MONXTON, HAMPSHIRE,SP11 8AW

GUIDE PRICE:£270,000 - £280,000*


A detached property in a rural location withpotential to extend ( subject to planning ) on aplot of 0.26 acres. Vacant.Description / Location:A substantial - 1,270 sq. ft (source EPC) - detached house with 3bedrooms set in good sized gardens on the outskirts of Wellington.The property has spacious and flexible accommodation with thepossibility of extending further (subject to planning permission). Theproperty has oil fired central heating and double glazed windows.There is a large single garage with driveway parking. Good sized southfacing front garden plus side gardens, offering a good deal of privacy.The rear of the property backs onto open fields and there are somebeautiful views of the Blackdown Hills.

Accommodation:Ground floor: Large entrance hall, sitting room, dining area, large Lshaped kitchen, rear porch/coal store.First floor: Main bedroom with en suite, 2 further bedrooms, bathroom.Outside: Detached large single garage plus driveway parking, oil tankstore, large south facing front gardens and enclosed side gardens.EPC rating F/34

Tenure:Freehold

To View:Please contact Gibbins Richards on 01823 663311

LOT

31WELLINGTONSMOCKS COTTAGE, MONUMENT ROAD, SOMERSET, TA21 9PW



WELLINGTONSMOCKS COTTAGE, MONUMENT ROAD, SOMERSET, TA21 9PW Continued...


A town centre freehold investment /development opportunity (4413 sq ft, sourceEPC) comprising a ground floor commercialunit (2024 sq ft) let and 2 spacious flats above(1539 sq ft / 850 sq ft) 1 let, 1 vacant.Description / Location:situated in a prime town centre position facing the Clock Tower, nearbyoperators include Subway, Superdrug, H Samuel, Halifax and NewLook. The ground floor (trading as Premier) is let producing £25,000 paon FR&I terms for 15 years from 24/11/2010 with rent reviews every 5years and no break clauses, the review from 11/2015 is outstanding.The 2 flats are accessed via a separate entrance fronting High Street,there is good potential to reconfigure both flats, particularly 84a andcreate additional flats subject to the usual consents.

Accommodation:Ground Floor: 188 sqm / 2024 sqft, return frontage to High Street andBroadway. First Floor: 84a: 143 sqm / 1539 sqft, hall, 3 doublebedrooms, sitting room, kitchen/diner, bathroom. First and SecondFloor 84b: 79 sqm / 850 sqft, hall, 3 bedrooms, sitting room, kitchen,bathroom.

Tenure:Freehold


Local Authority:Swale Borough Council01795 424341 www.swale.gov.uk

LOT

32SHEERNESS84, 84A AND 84B HIGH STREET, KENT, ME12 1UB

GUIDE PRICE:£575,000+Current Rent: £32,800 (84a vacant)

*


A well presented, contemporary style 5 bedroom detachedhouse (1733 sq ft. Source EPC) situated in a small cul-de-sac,vacant.Description / Location:The property is situated in a mews style development off Uxbridge Road close to All Saintschurch, Headstone Lane tube 1.2 miles. Ideally located for well regarded schools and thetransport and shopping links of Harrow, Hatch End and Stanmore.

Accommodation:Ground floor: 3 reception rooms, kitchen, w.c.First floor: 5 bedrooms, 2 bathrooms/w.c. (one en suite)OutsideAttached garage, rear garden.Energy Rating: D/61

Tenure:Freehold

To View:Please contact Hinton & Downes Network Auctions on 0208 861 1066

Local Authority:Harrow Council020 8863 5611 www.harrow.gov.uk

LOT

33HARROW5 ALL SAINTS MEWS, MIDDLESEX, HA3 6DY



Freehold vacant ground floor shop with 2 flatsaboveA vacant shop of approximately 330 sq/ft. In addition there are 2 flatsabove which have been sold off on long leases and produce a totalground rent of £250 p.a. There is also a parcel of land to the rear ofoffering potential development subject to the relevant consents.

Accommodation:Shop: Vacant, approx 330 sq/ft.Flat 113A: 99 year lease from 29th September 2004.Flat 113B: 99 year lease from 15th August 2003.Energy Rating D80

Tenure:Freehold


Local Authority:Rother District Council01424 787000 www.rother.gov.uk

LOT

34BEXHILL-ON-SEA113 LONDON ROAD, EAST SUSSEX, TN39 3LB

GUIDE PRICE:£59,000+Ground Rent Reserved: £250 pa


A freehold, 2 storey detached public house(3370 sq ft, source EPC) occupying a site of0.23 acres, development potential. Vacant.Description / Location:Situated in the village of Arborfield Cross approximately 3.5 milessouthwest of Wokingham and 6 miles southeast of Reading. Theproperty is Grade II listed, there is no asset of community value order inplace. The property has good potential for existing and alternativecommercial use or conversion to residential subject to planning. Thesite provides potential for further development, the function roomextension is not listed and could be removed to create space for adwelling/s subject to the usual consents

Accommodation:Ground Floor: Two trade areas linked by an L shaped servery, snugarea, dining area with 19 covers. Mezzanine trading space leading fromthe dining area with a further 19 covers. Customer wc's, trade kitchen,ground floor cellar. Large function room with bar and servery, 35covers.First Floor: Managers flat with living room, bathroom and 2bedrooms.Outside: Car park to the rear and side. Energy Rating: D/76

Tenure:Freehold


Local Authority:Reading Borough Council0118 937 3737 www.reading.gov.uk


LOT

35READINGSWAN INN, EVERSLEY ROAD, ARBORFIELD CROSS, BERKSHIRE,RG2 9PQ

GUIDE PRICE:£370,000 - £380,000*


LOT

36CHRISTCHURCH30 LIVINGSTONE ROAD, DORSET, BH23 1HL


A 2 bedroom cottage located close toChristchurch town centre. Vacant.Description / Location:The cottage has 2 double bedrooms and a refitted showerroom and an open plan living room and kitchen. Situated in thearea of Purewell the property is within close proximity toChristchurch town centre. Christchurch railway station is 1 milewith trains to London Waterloo.

Accommodation:Ground floor: Open plan sitting room with kitchen, re fittedshower room.First floor: 2 bedrooms.Outside: Attractive rear garden.EPC rating D/59

Tenure:Freehold

To View:Please contact Richard Godsell Network Auctions on 01202499466

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

*

LOT

37GUIDE PRICE:No Reserve

A freehold plot (approximately 1033 sq ft,source title plan). Vacant.Description / Location:The plot measures approximately 39 ft x 26.5 ft and is situatedto the south of Raunds Road close to the junction withWetenhall Road on the outskirts of Stanwick towards Raunds.The site is assumed to be greenbelt but has potential for avariety of uses or speculative development potential subject toplanning consent.

Tenure:Freehold with vacant possession

Enquiries:Please contact Network Auctions on 020 7871 0420

Local Authority:East Northamptonshire Council01832 742000 www.east-northamtonshire.gov.uk

WELLINGBOROUGHPLOT 69, LOT 5 RAUNDS ROAD, STANWICK NEAR RAUNDS,NORTHAMPTONSHIRE, NN9 6PP

*


LOT

38PETERLEE11 AMERSHAM CRESCENT, COUNTY DURHAM, SR8 5JJ


A 4 bedroom, 2 reception room semidetached house (1001 sq ft, source EPC)situated in a popular residential area andready for occupation, freehold. Vacant.Description / Location:The property benefits from double glazed windows, gasheating via radiators, fitted kitchen and bathroom, off streetparking and gardens front and rear. Ideally situated in anestablished residential location close to the town centre.

Accommodation:Ground Floor: Entrance hall, sitting room, dining room, kitchen.

First Floor: Landing, 4 bedrooms, bathroom, separate wc.Outside: Front garden with driveway, rear garden.

Tenure:Freehold


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

*

LOT

39BARROW-IN-FURNESS1C STEAMER STREET, CUMBRIA, LA14 2SG


A recently refurbished 3 bedroom flat withan excellent potential rental yield. Vacant.Description / Location:This recently refurbished 3 bedroom flat offers a potential yieldof around 25%. The property is within easy reach of Barrowtown centre and BAE. The property forms part of a terrace oftenement housing, formally arranged in a regular manneraround two greens and modest open space adjacent to thedockyard and shipyard, a short walk from the waterfront andthe centre of Barrow in Furness.

Accommodation:Living room, kitchen, 3 bedrooms, shower room/w.c.

Tenure:Leasehold

Local Authority:Barrow Borough Council01229 876543 www.barrowbc.gov.uk

*


NOW TAKING LOTS

AGENTSOWNERS

INVESTORS

FOR OUR NEXT AUCTION

LOCAL EXPERTISE | NATIONAL COVERAGE

Freehold detached house with stunning seaviews. Vacant.Description / Location:Situated in the sought after location of Hengistbury Head, the propertyoccupies a superb location with sea views and easy access to thebeach. Christchurch Train Station 1.3 miles. Benefitting from 3bedrooms and an additional loft room as well as 2 bathrooms, theproperty is offered with full vacant possession.

Accommodation:Ground Floor Cloakroom, 29' living room, kitchen, utility room,conservatory.First Floor 3 bedrooms with en-suite to main bedroom, (the 3rdbedroom also has access to a sun terrace with sea views),familybathroom, additional loft room.Outside Paved driveway providing off road parking. Rear garden.

Tenure:Freehold


Local Authority:Bournemouth Borough Council01286 677897 www.bournemouth.gov.uk

LOT

40BOURNEMOUTH16 STEVENSON ROAD, HENGISTBURY HEAD, DORSET, BH6 4DB



BOURNEMOUTH16 STEVENSON ROAD, DORSET, BH6 4DB Continued...


A Grade II listed Queen Anne property withaccommodation approaching 10,000 sq. ft.currently trading as a hotel with planninggranted for change of use to private residentialaccommodation. Vacant.Description / Location:Ash House is situated on a 1.3 acre site in the village of Ash, with thetown of Martock approximately 2 miles distant. Planning granted bySouth Somerset District Council on 13/02/15 (ref GR:347634/120587)for change of use to private residential accommodation.The property retains many period features including elegant ceilingheights, cornice work and ceiling roses, Blue Lias flag stones, hamstone mullion windows with leaded lights,a sweeping oak staircaseand carved ham stone and marble fireplaces.

Accommodation:Reception hall, cloakrooms, 3 main reception rooms, office, orangery 9bedrooms, 9 bathrooms, laundry room, loft and attic, basement winecellar, garaging, further 3 bedroom house with 2 bathrooms anddownstairs cloakroom, large gardens of 1.3 acres

Tenure:Freehold

To View:Please contact Rolfe East Sherborne for viewings on 01935 814929.

Local Authority:South Somerset District Council01935 462462 www.southsomerset.gov.uk

LOT

41MARTOCKASH HOUSE, 41 MAIN STREET, ASH, SOMERSET, TA12 6PB



MARTOCKASH HOUSE, 41 MAIN STREET, SOMERSET, TA12 6PB Continued...


A 4 storey (plus basement) freehold blockcomprising 1 x 5 bedroom (1152 sq ft), 2 x 3bedroom (936 sq ft, 807 sq ft), 3 x 2 bedroom(1022 sq ft, 807 sq ft, 592 sq ft) and 2 x 1bedroom (506 sq ft, 484 sq ft) apartments withplanning consent to create 2 additional 2bedroom / 2 bathroom apartments. Letproducing £185,124 pa.Description / Location:Situated in a quiet residential area adjacent to the high profile Elephant& Castle regeneration project. In addition to the apartments thebasement area offers approximately 1000 sq ft of floor space with fullceiling heights, planning granted by Southwark Council to convert thebasement and Apartment 3 into a pair of new 2 bed / 2 bath unitswhich will create a block of 9 apartments. There is potential to reconfigure the existing apartments and create additional units subject tothe usual consents. The apartments are let on AST's on a room basis,currently producing £15,427 pcm, potential to increase the rentalincome in line with market rates.


Local Authority:Southwark Council0207 525 5000 www.southwark.gov.uk

All measurements sourced via EPC's. Energy Ratings: Flat 1:C/76,3:D/56, 4:D/68, 5:C/71,6:C/74, 7:C/71,8:F/35, 9:E/50.

LOT

42LONDON32 BARLOW STREET & 10 CATESBY STREET, ELEPHANT &CASTLE, SE17 1HW

GUIDE PRICE:£2,500,000+*


Continued...LONDON32 BARLOW STREET & 10 CATESBY STREET, SE17 1HW


52

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

53


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

54

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

55


(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

56

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 (42-44 Clarendon Road, Watford, Hertfordshire WD17 1JJ) 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’: £900 incl VAT payable by the buyer to The Auctioneers in addition to ‘The Price’

‘The Completion date’: ....................................................................................................................................................................

deposit Paid to Auctioneers: ..........................................................................................................................................................

Balance due at Completion: ............................................................................................................................................................

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

This agreement is subject to the Auctioneers’ Conditions of Sale, Common Auction Conditions (Edition 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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