auction 044 online property auction catalogue december 2018 · online property auction catalogue...

Starts // Ends // Monday Tuesday 18th December 17th December from 11.00am

Auction 044

Online Property Auction Catalogue December 2018

5 0 T H A N N I V E R S A R Y

1 9 6 8 - 2 0 1 8

45 23-24 January 2019 03 January 2019 08 January 2019

46 20-21 February 2019 30 January 2019 05 February 2019

47 27-28 March 2019 06 March 2019 12 March 2019

/2019

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RRP: £1749@Auction: £332

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Overview of Properties in this Auction

JOHN PYE ONLINE PROPERTY AUCTIONS

COMMERCIALRESIDENTIAL

VALUATIONS AGENCYMAINTENANCE & SECURITY

Important Notice - Proof of Identification

Two forms of identification (from the list below) MUST be provided by the winning bidder within 24 hours of the auction finishing.

Identity Documents • Current signed passport • Current UK photo card driving licence • Current driving licence (old version) • Residential permit issued by the Home Office to EU Nationals • Inland revenue tax notification • Firearms certificate

Evidence of address • Current driving licence (old version) • A utility bill issued within the last 3 months • Local authority tax bill (current year) • Bank, building society or credit union statement • Most recent mortgage statement from a UK lender.

Alternatively your solicitor can write to us to confirm your identity.

Online Property Auction Lot Listing

Lot Property Address Guide Price*

1 164 Erskine Road, Sutton, Surrey, SM1 3BW £340,000

2 14 Granville Terrace, Wheatley Hill, Durham DH6 3JQ £42,500

3 67 Fulwell Park Avenue, Twickenham, TW2 5HF £535,000

4 93 Castle Street, Grimsby, Lincolnshire, DN32 7LN £39,950

5 79 Constance Street, Nottingham NG7 7BH £65,000

6 14, 14a, 14b Hansard Mews, London, W14 8BJ £2,100,000

7 Land to the corner of Institute Street and Ceridwen Street, Maerdy, Ferndale, CF43 4DA £20,000

8 Plot 7 and 8, Lansdown Court, Old Road, Neath, SA11 2EA £47,500

9 Site of the Old Bethany Chapel, Seven Sisters, Neath, SA10 9EL £59,950

10 5 The Glen, Buxton, SK17 9NQ £12,500

11 11-15 Central Avenue, Worksop, Nottinghamshire S80 1EJ £95,000

12 4 Willow Avenue, Carlton-In-Lindrick, Worksop, S81 9HT £65,000

13 47 High Hope Street, Crook, County Durham, DL15 9JB £47,500

14 Land and outbuilding, rear of 40 Alfred Street, Neath, SA11 1EH £9,500

15 No 3 Erwfair, Garth Road, Bangor LL57 2RT £199,500

16 4 Victoria Avenue, Off Stepney Lane, Hull, HU5 1JH £42,000

17 Link House Stores, Linkhouse, Mid Yell, Shetland, ZE2 9BP £60,000

18 Howebridge, Blakely Lane, Sowerby, Thirsk, Yorkshire YO7 1JY £595,000

19 4/4a Bench Street, Dover, Kent, CT16 1JH £475,000

20 Land off Okell Drive, Liverpool, L26 7YL £55,000

21 428 Holderness Road, Hull, HU9 3DW £65,000

22 169 Lowe Avenue, Wednesbury WS10 8NT £99,950

23 9 Derwent House, Samuel Street, Preston, PR1 4YL £33,000

24 18 Derwent House, Samuel Street, Preston, PR1 4YL £30,000

25 F1, 312a Walworth Road, London, SE17 2NA £300,000

26 21 Hardwick House, Lilestone Street, London, NW8 8TE £525,000

*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide Price

4 Property Auction December 2018 - Catalogue Property Auction December 2018 - Catalogue 5

Prior to AuctionProperty particulars and auction informationAll information regarding theonline auction, properties forsale, previews and the OnlineAuction Catalogue can befound on our websitewww.johnpye.co.uk/property

1. Guide Prices

All properties being sold throughJohn Pye Property online auction will have guide prices, which willfeature in the property online auctioncatalogue. This catalogue will beavailable prior to the auction startdate. Guide prices are subject tochange. Up to date guide prices can also be found on our websitewww.johnpye.co.uk/property.

2. Property Viewings

We strongly advise any interestedparties to view a property before a bid is placed. Viewings will be co-ordinated as either open dayviewings on specific dates or by prior appointment. Details of specific viewing arrangements can be found in the online catalogue.

3. Legal Documents

For each property the vendor’ssolicitors will prepare a legal pack.All property legal packs are availableto download on our websitewww.johnpye.co.uk/property, or from the vendor’s solicitors - detailsof which will be disclosed in theonline auction catalogue for eachindividual lot. All legal packs will bemade available to download at least 7 days prior to the online auctioncommencing.

4. Legal Advice

We recommend you obtainindependent legal advice prior to bidding. Property legal packs anddocumentation should be passed to your legal adviser, who should beable to help you make an informeddecision about the lot. Furtherinformation may be available from the vendor’s solicitors.

5. Survey Property

Have a surveyor look at the property,if necessary. Appointments can bemade for the surveyor to access theproperty, please email John PyeProperty via email with any suchrequests.

6. Arrange Finance

It is important your finances are inplace prior to bidding on a lot. Ifborrowing is required, the lendersmay require a surveyor to undertakea valuation report prior to making amortgage offer. It is important tomake a mortgage application as earlyas possible, as successful bids aresubject to 20 working dayscompletion, unless stated otherwise.You should discuss the nature of the auction sale and timescales with your lender.

We operate a two day online auction bidding process, affording buyers more time to arrange their necessary finances. Any successful bidder will be required to pay a 10%deposit of the purchase price within 24 hours of the online auction ending.

7. Read and Understandall Terms and Conditions

It is important to read andunderstand all of the Terms andConditions of the online propertyauction and legal documentation of the individual lots.

The full Terms and Conditions can be found atwww.johnpye.co.uk/propertyterms


Online Bidding & After AuctionInformation for a smooth transactionAll information regarding theonline auction, properties forsale and the Online AuctionCatalogue can be found on our websitewww.johnpye.co.uk/property.

1. Registration to bid

Before bidding on any propertyduring the online auction you mustprovide the following through ourwebsite:

• Registration of bidder

• Payment of refundableregistration fee

Registration of Bidder

You can register to bid on our website www.johnpye.co.uk.You will be required to provide your name, address and contact details- you can provide your solicitor’sdetails if you have them. Therefundable registration fee canbe paid at this stage, which willallow you to bid.

Refundable Registration Fee –Single Purchase Account

In order to set up an online auction bidding account, each bidder must register and pay a refundable registration fee of £500 per auction, per property (to bid on one property only). The auctioneers reserve the right to increase the refundable registration fee at their discretion.

The registration fee is refunded if no property is purchased; it is also refunded if your bid is successful and will be refunded, once the property has exchanged contracts and the deposit (which includes the buyer’s premium) has been paid.

2. Addendum

Before the start of the online auction,all bidders should check theaddendum sheet, this will detail anychanges to the property onlineauction catalogue details. The addendum sheet can be found at www.johnpye.co.uk/property.

3. Bidding Process

The bidding process will take place typically over a two day online property auction. Bidding on all lots will begin at the same time.

All lots will be offered for sale subjectto an undisclosed reserve price,unless stated otherwise.

When bidding begins, bidders can bid on lots once the refundableregistration fee has been paid.

We advise all seriously interestedparties provide their proof of identity at this stage.

Bids prior to auction may only bemade through the online platform.

The online auction will concludewith a staggered finish of 10 minuteintervals per lot. Once this time has elapsed and the 3 minute rule hasbeen applied, the virtual gavel willeffectively fall and the sale will close.

3 Minute Rule

This rule mirrors the principals of alive traditional auction whereby anauctioneer will still entertain bidsfrom interested parties, enabling allbidders to lodge their interest.

In the event of last minute bids a 3 minute rule will apply. This 3 minute rule stipulates any partywho bids online within the last 3minutes of any Lot’s scheduledclosing time will trigger an automaticextension of a further 3 minutes ofonline bidding. This 3 minute triggerwill continue until 3 minutes haselapsed without any furthercompeting bids and a winning bid is achieved.


Reserve Not Met

If the reserve has not been met, the auctioneer may then inviteinterested parties to engage in thesubmission of revised bids and thereserve price may be disclosed at thisstage. Sales can still be agreed afterthe auction if a price can be agreedwith the seller.

4. Successful Bids &10% Buyer’s Payment

Once the online auction hasconcluded and the time has elapsed,the successful bidder has won the lotby law. At this point youridentification must be proved (if not done so already) and the 10%buyers payment of the final auctionpurchase price (made-up of thedeposit and buyer’s premium) must be paid within 24 hours ofauction end.

Proof of Identification

It is best practice to prove identityprior to the auction commencing toavoid complications toward the endof the auction. Satisfactory proof ofidentity must be proved within 24hours of bidding ending, otherwisewe cannot accept your bid and youmay be banned from bidding again.

Two forms of identification will berequired from the winning bidder,including photo ID ( passport ordriving licence) AND proof of youraddress (bank statement or utility bill - no more than three months old).Your identification will need to beprovided in person at one of our four registration points throughoutthe country (details opposite).

Alternatively, your solicitor can write to us confirming your identity.All proof of identity used will besubject to satisfactory verification by John Pye & Sons Ltd.

ONLY ONCE IDENTIFICATION IS VERIFIED WILL BUYERS PAYMENT BE ACCEPTED

10% Buyer’s Payment

The 10% buyer’s payment (made-up of the deposit and buyer’s premium) must be made by online transfer only. The minimum buyer's payment is £6,000.

Failure to pay within the allocated time (24 hours of auction close) will mean your winning bid will be withdrawn and potentially offered to other buyers. The seller has the right to pursue you for the proceeds of sale should you fail to pay.

5. John Pye Auction Fees

John Pye Auctions Buyer’s Premium is charged at 2% (minimum £3,600) inc. VAT of the purchase Price. The buyer’s premium will be included in the 10% buyer’s payment payable within 24 hours.

Failure to pay will result in losing the registration fee and you may be banned from bidding again.

6. Completion

Completion will occur within 20 working days from the end of the auction, unless specifically stated in the special conditions of sale in the legal documents. The full balance of sale will be payable on completion of the sale and will be co-ordinated through all designated solicitors.

ONLINE BIDDING& AFTER AUCTION

10% Buyer’s Payment Explained

As a basic example:Auction purchase price £150,000 = 10% Buyers Payment of £15,000*

* 10% Buyers Payment breakdown:

Buyer’s Premium 2% = £3,600 inc VAT, Deposit of £11,400

Leaving £138,600 to complete.

Registration Points for Proof of Identification

East Midlands OfficeJames Shipstone House, Radford Road, New Basford,Nottingham NG7 7FQ

Derby Office 50 Chequers Road, West Meadows Industrial Estate,Derby DE21 6EN

West Midlands Office 39-40 Marchington IndustrialEstate, Marchington,Staffordshire ST14 8LP

London Office 5 Old Bond Street, Mayfair, London,W1S 4PD

Birmingham Office One Victoria Square, Birmingham B1 1BD(by appointment only)

Northampton Office 7 West Street, Rusden, Northampton. NN10 0RT(by appointment only)

11

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JOHN PYE ONLINE PROPERTY AUCTIONS

COMMERCIALRESIDENTIAL

VALUATIONS AGENCYMAINTENANCE & SECURITY


DescriptionLocation

*Guide Price: Each property is subject to a Reserve Price which may be different from the GuidePrice

FEATURES

TBC

LOT 1

A Three Bedroom Semi DetachedHouse With Scope To Add Value

• Auction Date: 17th – 18th December2018

• Three bedroom semi detached house

• Potential rental income: £16,900PA -£20,280PA

• Off street parking

• In need of modernisation

• 0.5 Miles to Carshalton train station

• Close to local green space

• Freehold

• Buyers premium applicable

• EPC: E

ADDRESS164 Erskine RoadSuttonSurreySM1 3BW

£340,000+Guide Price*

SUTTON , SURREY, SM1

EPC Rating: E

• For Sale by Online Auction: 17th – 18thDecember 2018• Guide Price: £340,000+• Three-bedroom semi-detached house• Close to local station• Significant scope to add value

Sutton is one of the southern mostboroughs of London bordering Croydonand Merton as well as the royal borough ofKingston Upon Thames. Described by asenior government official in 2014 as ‘themost normal place in Britain’, Sutton hassome of the schools with the best results inthe country and is unsurprisingly attractiveto families who need access back intocentral London via train.

Solicitors

Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is JamesShipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that:1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information givenshould not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John PyeProperty have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property.

LOT 1ONLINE AUCTION DATES VIEWING DETAILS

[email protected] 970 6060

AccomodationTotal – 861sq ft (taken from EPC)

Ground Floor:Lounge: 13’7 x 11’2Dining Room: 11’9 x 9‘9Kitchen: 8’4 x 7’4

First Floor:Bedroom 1: 13’9 x 8’5Bedroom 2: 11’9 x 8’9Bedroom 3: 8’7 x 6’3Bathroom: 6’4 x 6’0

TenureFreehold

ServicesWe understand the property has mains gas,electricity, water and drainage howeverinterested parties should carry out theirown investigations in this respect.

VATNon Applicable

Buyer PremiumBuyers premium of 2% (inc VAT) payable(min £3,600) Inc. VAT.

Sell Your PropertyIf you are thinking of selling your property,contact us now for a free appraisal andbenefit from:• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion • Monthly auctions

17th & 18th December 2018

Investment/Planning Analysis:

This property presents an opportunity to purchase, renovate and add valuethrough modernisation.


DescriptionLocation


FEATURES

Walker Morris LLP

LOT 2

By Order Of The Joint Fixed Charge ReceiversMixed Use Freehold Investment OpportunityPotential Gross Yield of 19.5%


• Guide Price: £42,500+

• Mixed use retail and residentialproperty

• Rental income potential £8,320 perannum

• Potential gross yield of 19.5%

• Ground floor retail unit let at £70 pw(£3,640 per annum)

• Upper floor flat previously let at £90pw (£4,680 per annum)

• Freehold

ADDRESS14, Granville TerraceWheatley Hill, DurhamCounty Durham, DH6 3JQ


WHEATLEY HILL, COUNTY DURHAM

EPC Rating: TBC

• For sale by online auction: 17th – 18thDecember 2018• Guide price: £42,500+• Mixed use property – potential gross yield19.5%• Rental income potential £8,320 per annum• Ground floor retail unit let at £3,640 perannum• Upper floor three bed flat previously let at£4,680 per annum

The property comprises a mixed use, brickbuilt mid terrace property withaccommodation arranged over three storeys.The ground floor retail unit is currently let toa beautician and tanning salon trading as‘House of Beauty’. To the upper floors thereis a three-bedroom self-contained flat whichbenefits from separate ground floor access tothe rear.

Externally, the property benefits from agood-sized yard to the rear and onunrestricted on street parking on GranvilleTerrace.

This property is located on GranvilleTerrace in Wheatley Hill, a village inCounty Durham to the west of Peterlee,near Thornley and Wingate. Road access toWheatley Hill is primarily via the A19.

The property is conveniently located on thehigh street, close to local schools and otheramenities. There are two primary schools inthe village, and the nearest secondaryschool is located in nearby Wingate.

Wheatley Hill is well served by localamenities; nearby retailers include, apizzeria, bookmakers, pharmacy, opticians,and a greengrocers.

Solicitors




AccommodationValuation Office Agency Measurement forground floor: 80.1 sq. m / 862 sq. ft

ServicesWe understand the property has mains gas,electricity, water and drainage. However,interested parties should carry out their owninvestigations.

TenureFreehold

Council TaxThis property is rated in Council Tax BandA. Council Tax payable (2017/2018) is£1,261

Business RatesThe ground floor retail premises have acurrent rateable value of £3,600 per annum

Buyer’s Premium2% (min. £3,600) inc. VAT.

Sell Your PropertyIf you are thinking of selling your property,contact us now for a free appraisal andbenefit from:

• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion • Monthly auctions


Investment Analysis:

The ground floor retail unit is currently let at £70 pw (£3,640 per annum)and the first floor flat was previously let at £90pw (£4,680 per annum). Priorto the flat becoming vacant the total annual income was £8,320 per annum.This represents a gross annual yield of 19.5%, based on the guide price.


DescriptionLocation


FEATURES

LOT 3

A Three Bedroom Mid Terrace House WithScope to Add Value Through Renovation (STP)

• Auction Date: 17th & 18th December


• Three Bedroom Mid Terraced House

• Separate Garage

• Close to Crane Park and River

• Potential To Extend (Subject to consents)

• 2.5 Miles from Hounslow East Station(Piccadilly Line)

• 1 Mile From Whitton Station (Waterloo)

• EPC: D

• Buyer Premium Applicable

ADDRESS67 Fulwell Park AvenueTwickenhamMiddlesex TW2 5HF

£535,000 +Guide Price*

TWICKENHAM, MIDDLESEX, TW2

EPC Rating: D

• For Sale By Online Auction: 17th & 18th December2018• Guide Price: £535,000+• Potential to extend (subject to planning and consents)• Desirable Location• Garaging At The Rear

A Freehold mid terraced house in the 1930s style ideallysituated for access into both Twickenham andHounslow town centres each with a plethora of shopsand restaurants. The property comprises an entrancehall with access to both the lounge and kitchen spaces.There is downstairs WC and a conservatory whichgives access to the back garden and the garage. Upstairsthere are three bedrooms each with ample storage aswell as the family bathroom. The property is doubleglazed throughout and serviced by a gas combinationboiler. The property is situated close to Crane Park withgreen space and a nature walk as well as being within thecatchment area for the a number of well regardedschools.

Twickenham is an affluent suburban area ofsouth-west London on the River Thames.Historically part of Middlesex, it hasformed part of the London Borough ofRichmond upon Thames since 1965.Twickenham has an extensive town centreand is famous for being the home of rugbyunion in England, with hundreds ofthousands of spectators visitingTwickenham Stadium, the world's largestrugby stadium, each year. The historicriverside area is famous for its network of18th-century buildings and pleasuregrounds.

Solicitors




Investment AnalysisThis property would suit a purchaser whois looking for a property that can beextended and improved. (subject toplanning and consents).


TenureFreehold

Guide Price£535,000+

VATNon Applicable

Buyers PremiumBuyers premium of 2% (inc VAT) payable(min £3,600) Inc. VAT.

Sell Your PropertyIf you are thinking of selling your property,contact us now for a free appraisal andbenefit from:• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion • Monthly auctions

17th - 18th December 2018


DescriptionLocation


FEATURES

BG Solicitors

LOT 4

Three Bedroom Mid Terrace PropertyIdeal Investment OpportunityPotential 12% Gross Yield

• Auction Date: 17th – 18ndDecember 2018


• Three-bedroom mid terrace house

• Potential rental income of £4,800per annum

• Potential gross yield of 12%

• Well-proportioned accommodation

• Private enclosed rear garden

• Sold with vacant possession

• Close to local amenities

• Freehold

ADDRESS93, Castle StreetGrimsbyLincolnshire, DN32 7LB


GRIMSBY, LINCOLNSHIRE

EPC Rating: E

• For sale by online auction: 17th – 18thDecember 2018• Guide price: £39,950+• To be sold with vacant possession• Potential income of £4,800 per annum• Freehold

This brick built mid terrace property includesaccommodation arranged over two storeys;ground floor accommodation consists of anentrance hall, leading through to an openlounge/dining room and kitchen. There isalso a ground floor bathroom.

The first floor comprises of the landing andthree moderately sized bedrooms.

Externally, the property benefits from a goodsized garden to the rear. The property alsobenefits from unrestricted on street parkingwithin the vicinity.

This property is located on Castle Street, offWellington Street in the popular townGrimsby. The property is within closedistance to the town centre, benefiting froma good range of shopping facilities andother amenities.

The train station is located under two milesaway from the property, providing regularaccess across the country. There are alsogood road networks in the nearby vicinity,providing easy access to the motorway.

Grimsby is a large town and seaportsituated on the South Bank of the HumberEstuary. The M180 provides easy access tothe town of Scunthorpe located 25 mileswest of the property and the larger city ofHull is approximately 30 miles north.

Solicitors




Accommodation80 m2 / 860ft2 (Measurement takenfrom the EPC).Please note we have not inspected thisproperty.

ServicesWe understand the property has mainsgas, electricity, water and drainage.However, interested parties should carryout their own investigations.

TenureFreehold

Council TaxThis property is rated in Council TaxBand A. Council Tax payable(2017/2018) is £1,189.



ViewingsPlease contact one of our agents on 0115970 6060 or [email protected]

Sell Your PropertyIf you are thinking of selling yourproperty, contact us now for a freeappraisal and benefit from:



Investment Analysis

The property is to be sold with vacant possession. However, we envisageonce let the property could achieve an income circa £400 pcm (£4,800 perannum). This represents a potential gross yield of 12%, based on the lowerguide price.





Description continuedTo the first floor, there are two bedroomsand a family bathroom. Stairs from thelanding provide access to the thirdbedroom which is located on the secondfloor.

Externally, the property enjoys a smallyard area to the rear and parking isavailable on the street.

Potential purchasers should note all assetsare to remain in the property.

AccommodationTotal – Approx. 83 Sq. M (901 Sq. Ft)

ServicesWe understand the property has mainselectricity, water and drainage. However,interested parties should carry out theirown investigations.

TenureFreehold

Council TaxThis property is rated in Council Tax BandA. Council Tax payable 2018/2019 is£1,307 per annum.


Buyers Premium2% (min. £3,600) inc. VAT.

ViewingsPlease contact a member of the propertyteam on 0115 970 6060 or [email protected]


DescriptionLocation


FEATURES

Shakespeare Martineau Solicitors

LOT 5

Three Bedroom Terrace PropertySold with Vacant Possession


• Three-bedroom mid-terrace

• Requiring full refurbishmentthroughout

• To be sold with vacant possession

• Approx. 83 sq. m / 901 sq. ft

• Excellent transport links to citycentre

• Excellent investment opportunity

• Potential to add capital value

• Small yard to the rear

ADDRESS79 Constance StreetNottinghamNottinghamshire, NG7 7BH


NEW BASFORD, NOTTINGHAM

EPC Rating: E TBC

• For Sale By Online Auction: 17th/18thDecember 2018• Guide Price: £65,000+• Three Bedroom terrace property • Potential to add capital value • Freehold

This three-bedroom mid terrace compriseswell-proportioned accommodation arrangedover three storeys. With the potential to addcapital value, the property requires a fullprogramme of refurbishment worksthroughout.

The ground floor accommodation includestwo reception rooms, a fitted kitchen andaccess to the cellar on the lower groundfloor.

The property is conveniently located onConstance Street, within the inner-city areaof New Basford in Nottingham.

Nottingham city centre is approximately 35minutes walk to the south and the Forestrecreation ground is just 10 minutes away.

Nearby local amenities include Sainsbury’sand Aldi Supermarkets, various nationalretailers, numerous pubs, eateries andleisure facilities.

The property is within a short walk to thebus stop at Central Avenue (stop BA38) andthe NET tram station at the ForestRecreation Ground is 15 minutes walk.Nottingham City centre is just 6 stops intothe city centre where a wider range ofamenities and transport options areavailable.

Solicitors


Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that:1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property.



Accomodation14 Hansard Mews – Ground floor – 468 ft214b Hansard Mews – Ground floor – 474ft2 14a Hansard Mews – First floor – 1,123 ft2

Total 2,091 ft2


TenureFreehold

Guide Price£2,100,000+

VATNon Applicable


ViewingsPlease contact one of our agents on 0115970 6060 or [email protected]

Sell Your PorpertyIf you are thinking of selling your property,contact us now for a free appraisal andbenefit from:• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion • Monthly auctions



Following a programme of modernisation, the 2 x 2 bedroom apartments are likely toachieve a rent in the region of £525 per week, and the four bedroom apartment is likely to aachieve a rent in the region of £850 per week. The property has the potential to generate atotal annual rental income of £98,800 once fully let.

The area is very popular with tourists and on a short let or "Airbnb"basis, aftermodernisation, both ground floor apartments could expect to achieve approximately £175per night, and the four bedroom apartment in the region of £275 per night.

In addition to the above, subject to the necessary consents being obtained, the propertycould be converted back to its original configuration as two separate mews houses.

DescriptionLocation


FEATURES

TBC

LOT 6

Freehold - 2 x 2 Bedroom Apartments & 1 x 4Bedroom Apartments - Potential Rental Income£98,800 pa (Once Modernised) - Conversion ToTwo Mews Houses (STP)


• Potential rental income of £98,800pa

• 2 x 2 Bed Ground Floor Apartments

• Spacious first floor four bedapartment

• Freehold

• Re-development Opportunity (STP)

• Rental Investment Opportunity

• Short-let Investment Opportunity

• Previously two mews style houses

• Walking Distance to Shepherds BushStation & Westfield

ADDRESS14, 14a, 14b Hansard Mews,KensingtonLondonW14 8BJ

£2,100,000+Guide Price*

KENSINGTON, LONDON

EPC Rating:

• For Sale by Online Auction: 17th – 18thDecember 2018 • Guide Price: £2,100,000+• Freehold with 1 x 4 bed apartment & 2 x 2bedroom apartments• Investment opportunity – potential incomeafter modernisation £98,800 pa• Development opportunity (STP) -conversion back to two mews style houses

A Freehold property formerly a mews stylehouse which has been converted into threeindividual apartments. There are twoapartments on the ground floor and aspacious four bedroom apartment situatedacross the first floor. The property is a shortwalk from Shepherds Bush station(Hammersmith & City & Circle Lines) as wellas some of the UKs best shopping at theWestfield Centre.

Kensington is a district in the RoyalBorough of Kensington and Chelsea. Thedistrict's commercial heart is KensingtonHigh Street, running on an east-west axis.The focus of the area is Kensington HighStreet, a busy commercial centre with manyupmarket shops.

The street was declared London's second -best shopping street, however, sinceOctober 2008 the street has facedcompetition from the Westfield shopping.Notable attractions and institutions inKensington include: Kensington Palace,The Royal Albert Hall, The Royal College ofMusic, The Natural History Museum,Imperial College and the Royal College ofArt.

Solicitors


WE DO FAR MORE THAN IT SAYS ON THE TIN...Although we are extremely good at auctions, we’re also the market leaders for Business Assets management. So if you need experts in mergers, acquisitionsand cessation of businesses, call us on 0207 456 6750 or 0115 970 6060.

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JP 4-9-18 R3 Advert.qxp_JP 4-9-18 R3 Advert 05/09/2018 13:41 Page 1

TBA

FEATURES

Solicitors

Location


Description

LOT 7

Building Plot of Approx. 0.2 AcresExcellent Development OpportunityOutline Planning Consent For Three Dwellings


• Excellent development opportunity

• Site area approx. 0.2 acres

• Outline planning consent -Application Reference 18/1022/13

• Excellent Views


• Good transport links

• Freehold


The land is located at the corner of Institute Street andCeridwen Street in the village of Maerdy, Glamorgan,South Wales.

Nearby local amenities include two conveniencestores, a community school, various clubs and anabundance of open space.

The nearby towns of Aberdare and Treorchy providea wider range of amenities including a railway stationlinking directly to Cardiff in around an hour.

Development PotentialThe site currently has outline planningconsent for the development of three terracehouses. Subject to obtaining full planningconsent we envisage these will be valued atbetween £80,000 & £90,000 each.

TenureFreehold


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MAERDY - GLAMORGAN

EPC Rating:

ADDRESSLand at Ceridwen StreetMaerdy, FerndaleGlamorgan, CF43 4DA

• For Sale By Online Auction: 17th – 18thDecember 2018• Guide Price: £20,000+• Approx. 0.2 acres • Outline planning consent - ApplicationReference 18/1022/13• Freehold

The site extends to around 0.2 acres and issloped in an easterly direction, there is alsogood vehicular access to the site and couldprovide excellent off street parking options.

24 Property Auction December 2018 - Catalogue

DescriptionLocation


FEATURES

TBC

LOT 8

Plot of Land with Outline Planning Permission 2 x 3 Bedroom Detached DwellingsApprox. Site Area 0.35 Acres



• Two plots of land with outlineplanning permission

• Outline planning for two houses

• Situated in a popular residential area

• Close to Neath town centre

• Good road links

• Freehold

ADDRESSPlot 7 and 8, Lansdown CourtOld Road, NeathSA11 2EA


NEATH

• For Sale By Online Auction: 17th – 18thDecember 2018• Guide Price: £47,500+• Freehold plot of land with outline planningpermission• Approx. site area 0.35 acres• Adjoining existing small housingdevelopment

The land has outline planning for twodetached dwellings. The application formwas submitted for two dwellings each withthree bedrooms. Planning permission wasgranted on 1 August 2017.

There is good road access on to the landfrom the northern end of Lansdown Court.The planning permission confirms that eachdwelling will have one off-street parkingspace per bedroom, up to a maximum ofthree, and this is to be within the siteboundary of each property.

The land is situated within a popularresidential area of Neath. It is located undera mile from Neath town centre, with easyaccess via Old Road. There are a range ofamenities available throughout, with busesthat run directly in to and out of the towncentre.

The land benefits close access to themotorway, providing good access acrossthe country. Neath is located 8 miles to thenorth east of Swansea and approximately 5miles north west of Port Talbot.

Solicitors




PlanningFurther information on the planningpermission can be found on the Neath PortTalbot Council Website.

The planning reference numberP2015/0336.

TenureFreehold





Site AreaApprox. site area 0.35 acres



TBC

FEATURES

Solicitors

Location


Description

LOT 9

Freehold Plot Of Land - Approx. 0.2 AcresOutline Planning Permission GrantedResidential Development Opportunity

• Plot of land suitable for residentialdevelopment

• The site has the benefit of outlineplanning permission Ref:P2018/0719

• Outline planning for a singledetached house

• Levelled site

• Approx. 805 sq. m / 8673 sq. ft

• Freehold


The plot is located on Dulais Road, neighbouring thelocal FC and rugby social grounds, in the semi-ruraldistrict of Seven Sisters, Neath, West Glamorgan.Amenities in the immediate vicinity include a postoffice, primary school and a local shop. Further afieldin nearby Neath there is a wider range of amenitiesincluding supermarkets and various national retailers.The city of Swansea is less than 20 miles, and isaccessed by road via the A465 and A483.

The M4 motorway is approximately 20 minutes away,and runs from West Wales into Central London,passing by the major cities of Cardiff, Bristol andReading.

Outline planning consent has been granted fora four bedroom detached dwelling. Thisformer chapel has already been demolishedleaving a flat level ground.

Japanese Knotweed has been identified on theplot, however a management and treatmentplan is in place, a copy is available onrequest.

Development PotentialBased on full planning permission beinggranted to construct a four bedroom detacheddwelling, once completed we envisage a saleprice in the region of £275,000 can beachieved, if the build work and specification isto a good standard.

TenureFreehold

Guide Price£59,950 +

Buyers Premium2% (min £3,600 inc. vat)

SEVEN SISTERS - GLAMORGAN

EPC Rating: N/A

ADDRESSSite of Old Bethany Chapel Dulais RoadSeven Sisters, NeathGlamorgan, SA10 9EL

• For Sale By Online Auction: 17th – 18thDecember 2018• Guide Price: £59,950+• Outline planning for a single detachedhouse• Outline planning permission Ref:P2018/0719• Building plot with dimensions of 59 ftfrontage and 147 ft average depth• Flat level site

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DescriptionLocation


FEATURES

LOT 10

By Order of the Joint Fixed Charge ReceiversRe-development Opportunity (STP)Previous Planning for Three Bedroom Dwelling

• Auction Date: 17th - 18th December2018

• Re-development Opportunity (STP)

• Expired Planning Consent

• Conversion to 1 x 3 bed dwelling(STP)

• Close to Local Amenities

• Excellent transport links

• Long Leasehold

• Sought After Location

ADDRESSFlat 5,The Glen, Alexandra RoadBuxtonDerbyshire, SK17 9NQ


BUXTON, DERBYSHIRE

EPC Rating:

• For Sale By Online Auction: 17th - 18thDecember 2018• Guide Price: £12,500+• Development Opportunity (STP)• Previous planning for three bedroomdwelling• Popular residential location

The property has previously been used as agarage and forms part of a larger buildingcurrently configured to provide fourresidential flats. A previous planning consenthad been granted, which allowed forconversion of the premises in its existingform to residential.

The proposed scheme involved theexcavation of the ground level immediatelyoutside the property and within to providethe required headroom within the building.The accommodation was to comprise of:ground floor lounge / dining room, kitchen,hall and W.C, and to the first floor threebedrooms and a bathroom.

Buxton is a highly desirable town in thePeak District. The town centre is locatedapproximately one mile north of the subjectproperty, approximately 25 minutes walk.

The property is situated at the south easternend of Alexandra Road, which is a cul-de-sac. Alexandra Road is accessed directly offWhite Knowle Road, which runs northtowards London Road (A515).

Buxton is also famed for being the capital ofthe Peak District and as such attractstourists keen to visit the Pavilion Gardensand the Buxton Opera House. Nearby localamenities include a Tesco Express andHarpur Hill Primary school.

Solicitors




PlanningPlanning permission was previously granted inFebruary 2002 by High Peak Borough Council for“Conversion of disused garage into dwelling andprovision of off street parking”. The planningapplication reference is HPK/2002/0023.

Prospective purchases are advised to make their owninvestigations as the whether the planning consentcould be reissued.

ServicesInterested parties should carry out their owninvestigations as to the viability and costs involved toinstall utility services.

TenureThe property is long leasehold for a period of 999years from the 25th December 1987.

Guide Price£12,500+.


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Development Potential

The immediate area is a popular residential location. Therefore, if the property were to bere-developed, we expect there would be good levels of interest from buyers.

Assuming typical build costs for this type of project, if the property were to be offered tothe market for sale, following completion of the works, a good level of profit should beachievable.





AccommodationTotal useful floor area – Approx. 189 m2 / 2034sq. ft (Measurement taken from the EPC)Public Entrance LobbyReception 22.68 sq. m / 244 sq. ftFront Office One 4.79 sq. m / 51.5 sq. ftFront Office Two 6.31 sq. m / 67.9 sq. ftOffice Three 5.00 sq. m / 53. 8 sq. ftOffice Four 5.04 sq. m / 54.3 sq. ftInner Hall and Office 10.92 sq. m / 117.5 sq. ftRear Store 3.04 sq. m / 32.7 sq. ftRear Office Five 6.83 sq. m / 68.7 sq. ft Open Plan Office 30 sq. m / 322. 9 sq. ftKitchen 6.05 sq. m / 65.1 sq. ftStaff Entrance Lobby 2.97 sq. m / 32 sq. ftRear Entrance Lobby 2.97 sq. m / 32 sq. ftOffice Six 4.95 sq. m / 53.2 sq. ftRear Office Seven 4.95 sq. m / 53.2 sq. ft2 x WCStore 4.12 sq. m / 44.3 sq. ft(Figures provided by third party)

ServicesWe understand the property has mains gas,electricity, water and drainage. However, interestedparties should carry out their own investigations.

TenureFreehold

Council TaxThis property is rated in Council Tax Band A.Council Tax payable 2018/19 is £1,261 perannum.



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Investment AnalysisWe envisage that then property could generate a potential income of £1,250pcm (£15,000 per annum), which represents a gross yield of 15.7%, based onthe guide price.

DescriptionLocation


FEATURES

LOT 11

Former Council Office Building - Town CentreLocat ionTo Be Sold With Vacant PossessionPotential Rental Income Of £15,000 Per Annum



• Single storey former Council officebuilding

• Freehold site – Total area approx.364 sq. m / 3918 sq. ft

• Town centre location

• Potential rental income of £1,250pcm (£15,000 per annum)


• Excellent nearby transport links

• Gas central heating and fire /security alarms

• Secure parking to the rear

ADDRESS11-15 Central AvenueWorksopNottinghamshire, S80 1EJ


WORKSOP, NOTTINGHAMSHIRE

EPC Rating: E

• For Sale by Online Auction: 17th – 28thDecember 2018• Guide Price: £95,000+• High profile former Council office building• Current use class B1, with planningpermission granted for a change of use to A1• Freehold with vacant possession – potentialrent of £15,000 per annum

This former Council office propertycomprises spacious commercial facilitiesconsisting of multiple offices, receptionrooms and staff toilets. The propertycurrently is under use class B1, withplanning permission granted for a change ofuse to A1, offering good potential for futurecommercial use.

Externally, there is an area for privateparking, which is highly sought after in thetown centre.

The subject property is located on CentralAvenue in Worksop, which is the largesttown in the Bassetlaw district ofNottinghamshire. Worksop has become a popular commutertown as a result of its geographic location,amenities, numerous retail outlets and easeof access to major motorways and rail links.Worksop lies on the A57 and A60 withlinks to the M1 and A1. Similarly, Worksopis on the Sheffield-Lincoln line, with directtransport services operating to Sheffield,Leeds and Lincoln.Between Worksop train station and thetown centre, the Chesterfield Canal is apopular location for longboats as theyleisurely cruise along. The canal linksWorksop with Retford, Gainsborough andChesterfield via Rother Valley CountryPark. The canal side is also a great place fora leisurely stroll.

Solicitors TBC


DescriptionLocation


FEATURES

TBC

LOT 12

Freehold Three Bedroom Mid Terrace PropertyIdeal Investment - Income of £4,800 per annum


• Guide Price: £65,000 - £70,000+

• Three-bedroom mid terrace

• Currently let at £400 pcm (£4,800per annum)

• Current gross yield of 7.38%

• Gas central heating


• Excellent transport links

• Freehold

ADDRESS4, Willow AvenueCarlton-In-Lindrick, WorksopSouth Yorkshire, S81 9HT

£65,000 - £70,000+Guide Price*

CARLTON-IN-LINDRICK, SOUTH YORKSHIRE

EPC Rating: D

• For Sale By Online Auction: 17th – 18thDecember 2018 • Guide Price: £65,000 - £70,000+• Three-bedroom mid terrace investmentproperty• Currently rented for £4,800 per annum -7.38% Gross Yield • Freehold

This mid terrace property comprisesaccommodation arranged over two storeys.

The ground floor comprises entrance hall,leading to a lounge which includes neutrallypainted walls and carpeting with electricfireplace. The ground floor kitchen has woodeffect base and eye level units, integrated gasoven and hob with extractor fan overheadand stainless-steel sink. The walls are parttiled and there is laminate effect flooring.

This property is located on Willow Avenue,between Hawthorn Way and Knaton Roadin Carlton-In-Lindrick. The property is justa half of a mile from the local Co-opSupermarket and One Stop.

Worksop town centre is approximately 4miles to the south of the property and iseasily accessible by car via the A60 (CarltonRoad). Worksop offers a variety ofshopping facilities and amenities, and atrain station with regular services toSheffield in approximately 30 minutes andNottingham in 1 hour.

Worksop is located 20 miles to the southeast of Sheffield and 35 miles north ofNottingham. Good road links include theA57 and M1 motorway.

Solicitors

Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself and for the vendors or lessors of this property, whose agent they are, give notice that:1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or their employees has any authority to make or give representation or warranty whatsoever in relation to the property.



Description ContinuedTo the first floor, there are three good sized bedroomsand a family bathroom. The bathroom includes fittedtoilet, sink and bath with stainless steel showeroverhead.

Externally, the property benefits from a driveway andsmall yard area to the front of the property, providingoff road parking for one vehicle.

Accommodation79m2 – Measurement taken from the EPCPlease note we have not inspected this property.

ServicesWe understand the property has mains gas, electricity,water and drainage. However, interested parties shouldcarry out their own investigations.

TenureFreehold

Council TaxThis property is rated in Council Tax Band A. CouncilTax payable (2017/2018) is £1,262.

Guide Price£65,000 - £70,000+


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This property is currently tenanted at £400 pcm (£4,800 per annum),reflecting an annual gross yield of 7.38%, based on the lower guide price.


DescriptionLocation


FEATURES

LOT 13

Freehold Two Bedroom End Terraced HouseIdeal Investment Opportunity - Potential Yield 10.11%

• Auction Date: 17th – 18thDecember 2018


• End of terrace

• Two bedrooms

• Potential rental income of £400pcm (£4,800 per annum)


• Sold with vacant possession


• Double glazed windows

• Freehold

ADDRESS47 High Hope StreetCrookCounty Durham, DL15 9JB


CROOK, COUNTY DURHAM

EPC Rating: D

For Sale By Online Auction: 17th – 18thDecember 2018• Guide Price: £47,500+• Freehold residential investment• Vacant: Potential income of £4,800 perannum• Potential yield of 10.11% based on theguide price

The ground floor comprises a well-presentedliving room with a wall mounted electricfeature fire. The kitchen enjoys a Vokeracombi boiler, laminate flooring, fitted walland base units with tiled splashbacks, electricoven and hob and an under stairs storagecupboard.

The first floor comprises of a landing, withaccess to large roof space; two doublebedrooms, one being fitted with a carpet andhaving lovely open views to the rear. Thereis also a bathroom with inset ceiling spotlights, three-piece suite, electric shower overbath with screen and wood effect flooring.

The exterior of the property consists of onstreet parking to the front and an easilymaintainable yard with views to the rear.

This residential property is located on HighHope Street, in Crook, which is in theconstituency of North West Durham.

The property is a five-minute walk from the localschool and the centre of Crook; a designatedconservation area and historic market town,which features a variety of shops andbusinesses.

For a town of its size Crook also features a goodselection of pubs, cafes and restaurants. Inaddition, there are outlets from large retail chainsincluding Lidl, Aldi and Co-op Foods to a mix ofsmaller independent retailers.

The town also lies between the A68 and theA167 proving good transport links to themotorway and nearby towns and cities.

Solicitors TBC




AccommodationLiving Room: 16’00” x 12’08” / 18.82 sq. m Kitchen: 14’05” x 10’05” / 13.95 sq. mBedroom One: 15’01” x 10’05” / 14.59 sq. mBedroom Two: 10’03” x 9’03” / 8.80 sq. mBathroom; 12’04” x 4’05” / 5.06 sq. m(Figures provided by third-party)

ServicesWe understand the property has mains gas,electricity, water and drainage. However,interested parties should make their ownenquiries.

TenureFreehold

Council TaxThe property is subject to council tax band A.The rate payable for 2018 / 2019 is £1,261 pa.


Buyer’s Premium2% (min. £3,600) inc. VAT





We envisage this property could let at £400 pcm (£4,800 per annum). Thiswould represent a potential gross yield of 10.66%, based on the guide price.


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TBC

FEATURES

Solicitors

Location Description


LOT 14

Freehold Re-development Opportunity (STP)Detached Two Storey Property with LandFull Renovation Work Required



• Re-development opportunity (STP)

• Detached two storey house

• Dilapidated condition

• Requiring full programme of works

• Small area of land to the front of theproperty

• Title plan reference WA195977

• Freehold


The property is located to the rear of 40Alfred Street, and accessed directly offDavies Street. More specifically, the landand buildings are immediately to the left of1 Davies, behind a set of gates.

The area has a mix of both residential andcommercial property. Nearby commercialoccupiers on Alfred Street include Peter Alan EstateAgents, Silk Road Chinese takeaway andThe Dress Agency.

Neath is located approximately 8 milesnorth west of Port Talbot and 9 miles northeast of Swansea. The M4 motorway isapproximately 4.4.miles south west and iseasily accessible by road via the A474.

• For Sale By Online Auction: 17th – 18thDecember 2018• Guide Price: £9,500+• Re-development opportunity (STP)• Freehold detached two storey house• Dilapidated condition – full renovation workrequired

The sale includes a detached two-storeyproperty with land to the front. The property hasbeen left vacant and over time has fallen intodisrepair, and now requires fully renovatingbefore it can be re-occupied.

Development PotentialWe understand the property is in a poorcondition, but following a full programme ofrefurbishment and modernisation, there is aexcellent scope to add value and a good level ofprofit should be achievable once the property isre-sold either to an owner occupier or a buy tolet investor.

Buyer's Premium2% (min. £3,600) inc. VAT.

NEATH, GLAMORGAN

ADDRESSLand and Outbuilding to Rear of No40 Alfred StreetNeathGlamorgan, SA11 1EH

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DescriptionLocation


FEATURES

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LOT 15

Grade II Listed Seven Bedroom Licenced HMOIdeal Investment OpportunityPotential Gross Yield Of 16.84%

• Auction Date: 17th - 18th December2018


• Seven-bedroom HMO property

• Accommodation over four storeys

• Potential income of £2,800 pcm


• Close to local transport links

• Nearby amenities

• Freehold

ADDRESSNo 3 Erwfair, Garth RoadBangorGwynedd, LL57 2RT


BANGOR - GWYNEDD

• For Sale By Online Auction: 17th - 18thDecember 2018• Guide Price: £199,500+• Seven-bedroom HMO property• Potential income of £33,600 per annum • Freehold

This grade II listed property comprisesaccommodation over four floors.

Accommodation briefly includes hallway,lounge, double bedroom, kitchen and showerroom to the ground floor. The lower groundfloor comprises cellar room, dining room,bathroom and one bedroom. To the first-flooraccommodation, there is a landing area andtwo good sized bedrooms. To the secondfloor, there are an additional two bedroomsand a landing area.

Externally, the property benefits fromunrestricted parking on Garth Road.

This property is located on Garth Road inthe city of Bangor. The city centre issituated half a mile from the property,providing easy access through Garth Roadand Deniol Road. Bangor University is alsosituated within close distance, which can bereached within a 10-minute walk of theproperty.

Bangor is a city and community inGwynedd, northwest Wales. The city offersa range of shopping facilities and amenitiesthroughout.

There are excellent transport links within thearea including train services providingregular access across the country. Therailway station is located on the north WalesCoast Line.

Solicitors





ServicesWe understand the property has mainselectricity, water and drainage. However,interested parties should carry out their owninvestigations.

TenureFreehold

Council TaxThis property is rated in Council Tax BandD. Council Tax payable (2017/2018) is£1,601.






Investment Analysis

The property has a potential to achieve an income of £2,800 pcm (£33,600per annum) if fully let, per annum, reflecting a potential gross yield of16.84%, based on the guide price.


DescriptionLocation


FEATURES

Beightons Solicitors

LOT 16

Freehold Two Bedroom Terrace PropertyIdeal Investment Opportunity Potential Yield 13%



• Two-bedroom mid terrace

• Popular Location

• Potential income of £455 pcm(£5,460 per annum)

• Potential gross yield of 13%

• Vacant possession

• UPVC double glazed windows


• Freehold

ADDRESS4, Victoria AvenueStepney Lane, HullYorkshire, HU5 1JH


KINGSTON UPON HULL

EPC Rating: E

• For Sale By Online Auction: 17th - 18thDecember 2018• Guide Price: £42,000+• Two-bedroom terrace property • Vacant: Potential rental income of £5,460per annum• Potential gross yield of 13%• Freehold

The property is sited towards the end of apedestrianised cul-de-sac and brieflycomprises lounge, dining room and kitchento the ground floor and two bedrooms and abathroom to the first floor. The property alsobenefits central heating throughout anddouble-glazed windows to the front and rearextension.

To the front of the property there is a smallpalisade and on street parking is available onStepney Lane.

This property is located on VictoriaAvenue, off Stepley Lane in Hull. StepneyPrimary School and Tesco Express aresituated within short walking distance of theproperty. There is also a variety of othernearby amenities within the immediate area.

Hull city centre is located a mile to thesouth of the property, and Hull university isjust one mile to the north via BeverleyRoad. The train station is just one mile fromthe property and provides excellenttransport links.

Hull was recently awarded City Of Culturestatus and as a result has seen a wealth ofregeneration and numerous employers keento operate in the area, including Siemenswho have a£160 million investment in windturbine production and installation facilitiesin Yorkshire and will be based at AlexandraDock

Solicitors




Accommodation67 m2 (Measurement taken from the EPC).

ServicesWe understand the property has mains gas,electricity, water and drainage. However,interested parties should carry out theirown investigations.

TenureThe property is Freehold

Council TaxThe property is rated in Council Tax BandA, council tax payable (2017/2018) is£947.







This property is currently vacant. However, the property could let at £455pcm (£5,460 per annum). This represents a potential gross yield of 13%,based on the guide price.


DescriptionLocation


FEATURES

TLT Solicitors

LOT 17

By Order of Joint Receivers - Rare Opportunity ToAcquire Former Local Shop In The Heart Of A RuralCommunity - Sought After Location - PotentialResidential Development (STP)


• Freehold property

• Retail shop & ancillary outbuildings

• Approx. 0.33 acre site

• Potential residential development(STP)

• Potential change of use (STP)


• Close to ferry terminal

• Close to the beach

ADDRESSLink House Stores LinkshouseMid Yell, ShetlandZE2 9BP


MID YELL, SHETLAND

EPC Rating:

• For Sale By Online Auction – Date: 17th –18th December 2018• Guide Price: £60,000+• Former Local Stores & Post Office• Sought After Location• Potential Development Opportunity (STP)

Situated on a site extending to approx. 0.33acres, the property is entered via the mainshop doorway to a large retail area withglazed window display. To the side is afurther retail space which includes apartitioned former Post Office unit in onecorner. At the rear of the main space is afurther retail / storage area with office andstore to the side, and further store leadingthrough to a staff area with kitchenette &toilet.

The property is situated across the roadfrom the pier and beach in the centre of thevillage of Mid Yell on Yell, the larger ofShetland’s North Isles, the village beingYell's main population centre and thelocation for its main amenities including theJunior High School, leisure centre &swimming pool, medical & care centres.

Yell is approximately 19 miles long by 7.5miles wide and having a population ofaround 1,000, and is connected toMainland Shetland by a regular ferryservice.

Despite the remote ‘get-away-from-it-all’location, the mainland is still easilyaccessible with a daily ferry service linkingShetland with Orkney & Aberdeen, andregular flights to Aberdeen, Glasgow &Edinburgh.

Solicitors




Description ContinuedOutside there is a detached shed comprising a generalstorage area with additional partitioned area at the rearwhich used to house the sorting office. In additionthere is also a single garage in a block of three.

There is a large derelict stone built dwelling in a stateof disrepair sited on the site that extends to approx..33 acres.

AccommodationMain Building: 215 m2 (2314 ft2)Detached Shed: 58m2 (624 ft2)Single Garage: 13 m2 (140 ft2)

Please note: measurements provided by a third party.

ServicesPotential buyers are advised to make their owninvestigations

TenureThe property is freehold

Business RatesThe current rateable values are as follows Shop£2,175; Shed £370; Garage £60


V A TPotential buyers are advised to make their owninvestigations

Buyers Premium2% (min. £3,600) inc. VAT

Sell Your HomeIf you are thinking of selling your property, contact usnow for a free appraisal and benefit from:



Investment Analysis

Other uses may be possible although this would be dependent on anynecessary consents required and again prospective purchasers should satisfythemselves in this regard.


DescriptionLocation


FEATURES

LOT 18

Substantial Detached House RequiringRefurbishment - Planning Permision ForAdditional Detached Dwelling - Set Within4 Acres


• Imposing detached house

• Requiring modernisation throughout

• Equestrian facilities includinggrazing land & stables

• Lawn tennis court

• Adjoining river with fishing rights

• Approx. 302 Sq. M (3,250 Sq. Ft)

• Vacant Possession

• Freehold

• Approximately 4 acre plot

ADDRESSBlakey LaneSowerby, ThirskYorkshire, YO7 1JY


THIRSK - NORTH YORKSHIRE

EPC Rating: G

• Auction Date: 17th – 18th December 2018• Guide Price: £595,000+• Large detached home & substantialgrounds with private river frontage• Planning consent for an additional detacheddwelling• Vacant: Opportunity to Add Value• Freehold

Individually built in 1964, this substantialdetached family home is set within agenerous four acre plot which enjoysequestrian facilities and has the benefit ofplanning consent to erect a four bedroomdetached house within the grounds.

The house offers spacious accommodationarranged over two floors and would benefitfrom a programme of full refurbishmentthroughout. There are three reception rooms,utility room, an open plan kitchen, twoconservatories and a garden room to theground floor.

The property is desirably positioned withinthis substantial plot off Blakey Lane inSowerby. Sowerby is a popular residentialvillage which enjoys scenery of acountryside village whilst being in walkingdistance to all the amenities in Thirsk towncentre.

Well placed for commuters the property iswithin easy reach of the A19 & A1 roadlinks. Thirsk railway station is locatedwithin 2 miles of the property and providesaccess to London Kings Cross in just over2 hours and is accessible via the A61.

The village is well located for the largercities including York (25 miles) to the southand Middlesbrough (30 miles) to the north.

There are also numerous racecourseswithin the area including Thirsk, York,Redcar, Ripon and Beverley making theproperty very suitable for equestrianactivities.

Solicitors




Description ContinuedThe large entrance hallway provides stairsto the first floor landing where there arefour good sized bedrooms and a familybathroom. The master bedroom benefitsfrom fitted wardrobes and an en-suitebathroom.

Externally, the property is set withinmature gardens, having paddocksextending to the private section of the river,this provides easy on foot access to thetown centre within 10 minutes. There isalso ample driveway parking with a turningcircle in front of the property and stableswith a hay store are located in the Paddock.

AccommodationTotal – 302 Sq. M (3250 Sq. Ft)Approximate measurement provided by athird party

ServicesWe understand the property to have mainselectricity, water and drainage, howeverneighbouring properties have mains gas soconnection would be viable.

TenureFreehold

Council TaxThe property is rated in Council Tax BandG. Council Tax payable (2017/18) isapproximately £2,758 pa.


Buyers Premium2% (minimum £3,600) including VAT

ViewingsViewings are available by appointmentonly please contact a member of the JohnPye Property team today 0161 219 3001.

17th – 18th December 2018


DescriptionLocation


FEATURES

LOT 19

A mixed use property with a ground floorcommercial unit and a nine bedroom HMOwith planning in place for conversion intoindividual apartments

• Auction Date - 17th – 18th December 2018

• Mixed Use Opportunity

• Ground Floor Commercial Premises

• Nine Bedroom HMO Opportunity

• Freehold

• Upstairs Residential Space - 233m2 (takenfrom EPC)

• Planning Permission Granted forResidential Development -DOV/18/00789

• Close To St James Retail and Leisure

• Dover Priory Station - 0.5 Miles

• Buyers Premium Applicable

ADDRESS4/4a Bench StreetDoverKent, CT16 1JH


DOVER, KENT

EPC Rating: D

• Auction date: 17th – 18th December 2018• Mixed Use Property• Ground Floor Restaurant Premises• 1st & 2nd Floor HMO• Development Opportunity• Tenure - Freehold

Mixed use property consisting of a groundfloor commercial unit with a nine bedroomHMO across the upper floors in a towncentre location. The upper floors haveplanning consent for adjustment toindividual dwellings (DOV/18/00789). Theproperty is centrally located in the coastaltown of Dover and is within walking distanceto local landmarks as well as the recentlycompleted St James Shopping and Leisurecentre.

The property is located centrally in thecoastal town of Dover on the partpedestrianised Bench Street which is accessvia the A20 and the A256.

The property is just a short walk frompoints of interest such as the market squareand Dover Museum. The property is ashort walk away from Dovers flagship StJames retail and leisure development whichis located on St James street which openedearly in 2018.

Solicitors: TBC




AccomodationThe property comprises a ground floorcommercial restaurant space which hasbeen let for the past 7 years to its currenttenants. The first and second floors of thebuilding house a 9 bedroom HMO which iscurrently vacant. There is planning in placeto adjust the upstairs accommodation into3 x one bedroom apartments as well as 1 xthree bedroom apartment.(DOV/18/00789)

ServicesWe understand the property has mains gas,electricity, water and drainage. Interestedparties should carry out their owninvestigations.

TenureFreehold



• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion• Monthly auctions


Investment/Planning Analysis:

The ground floor restaurant is currently let for £11,000 per annum. We would expect theHMO on the 1st and 2nd floors to achieve £42,000 per annum. The property also offersa development opportunity with planning already in place to convert the existing HMOinto 1 x 3 bedroom flat and 3 x 1 bedroom flats. Application No: DOV/18/00789


FEATURES

Solicitors TBC

Location Description


LOT 20

Freehold LandDevelopment Potential (STP)Approx. 0.5 Acre Site

• Auction date: 17th – 18th December2018

• Potential development opportunity(STP)

• Freehold land adjoining residentialestate

• Prominent corner position

• Road frontage

• Grassed and level plot of land


The site is located in a corner position inbetween Okell Drive and Church Road inthe town of Halewood.

Halewood sits within the borough ofKnowsley in Merseyside near Liverpool’ssoutheastern boundary.

Ideal for commuters Halewood is wellplaced for Liverpool city centre to the west,and Warrington to the east. Located on theNorthern Line Halewood Railway Stationoffers direct access across the country.

• Freehold land with development potential(STP)• Adjoining residential estate• Approx. ½ Acre plot • Popular residential location

The land is currently open space, occupying alarge corner position, and enjoying duelaspect road frontage. The land is level andgrassed. We consider the plot suitable forresidential development subject to obtainingthe necessary planning consent.

The immediate area is characterised bymainly residential properties with some smallretail and convenience outlets nearby.

PlanningThere is an overage provision in place –please see legal pack for further details.

Buyers Premium2% (minimum £3,600) inc. VAT

LIVERPOOL - MERSEYSIDE

EPC Rating: N/A

ADDRESSLand Off Okell DriveHalewoodLiverpoolL26 7YL


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DescriptionLocation


FEATURES

TBC

LOT 21

Mixed Use Freehold Investment PropertyPotential Income of £10,200 per annumPotential Gross Yield 15.69%


• Mixed use property

• Ground floor let at £400 pcm (£4,800per annum)

• Vacant three bedroom flat to theupper floors


• Potential total income of £10,200 perannum


• High street location

• Freehold

ADDRESS428, Holderness RoadHullEast Yorkshire, HU9 3DW

£65,000+ Guide Price*

EAST YORKSHIRE

• For Sale By Online Auction: 17th – 18thDecember 2018• Guide Price: £65,000+• Freehold mixed use retail and residentialinvestment• Vacant: Potential income of £10,200 perannum• Potential yield of 15.69%, based on the guideprice• Part income producing

Comprising a mixed-use terrace, this propertyis currently trading as a takeaway shop to theground floor, and to the upper floors there is athree bedroom self-contained flat. The groundfloor shop and the flats are entered by way ofseparate entrance to the front of the property.

The ground floor comprises tiled walls and tileeffect flooring. There is a fitted marble effectunit with bar stools to the immediate right. Thekitchen is separated by a counter and includesstainless steel surfaces, tiled walls and tileeffect flooring.

This mixed-use property is located onHolderness Road, Hull. On a busy HighStreet location, the surrounding areacomprises many local amenities, rangingfrom takeaway restaurants to an Iceland andHalifax bank, all benefiting from goodpassing footfall.

The property is just two miles northeast ofHull city centre and approximately threemiles away from Hull railway station, whichcan be easily accessed via the A165.

Hull is a city in East Yorkshire, whichbenefits from good nearby road networks;including the A63 and M63 Motorway.There are also a range of transportationfacilities available, providing regular accessacross the city. Hull is situatedapproximately 60 miles east of Leeds, 65miles north east of Sheffield and 95 milesnorth east of Manchester.

Solicitors




Description ContinuedThe upper floors comprise a three-bedroomself-contained flat entailing a kitchen with arange of base and eye level units with woodeffect surfaces, stainless steel sink and spacefor appliances. The lounge area is carpetedwith a fitted fireplace. The bathroom includestoilet, sink and shower cubical.

To the rear, there is a spacious yard area witha wooden shed for additional storage space.

AccommodationGround Floor: 55 sq m / 592 sq ft (Approx.net internal area) - Taken from the VOAwebsiteFirst and Second Floor: 98 sq m / 1054 sq ft(Approx. gross internal area) - Taken from theEPC

ServicesWe understand the property has mains gas,electricity, water and drainage. However,interested parties should make their ownenquiries.


Buyer’s Premium2% (min. £3,600) inc. VAT





The ground floor is currently tenanted at £400 pcm (£4,800 per annum). Theflat above is vacant; however, we envisage it could let at £450 pcm whichgives a total annual income of £10,200. This would represent a potentialgross yield of 15.69%, based on the guide price.


DescriptionLocation


FEATURES

TBA

LOT 22

Well Presented Semi-Detached PropertyDesirable Location - Good Sized Corner PlotFreehold - Sold With Vacant Possession


• Three Bedroom Semi Detached

• Corner Plot

• Detached Garage

• Recently installed uPCV windows

• Modern central heating

• Close to amenities

• Freehold

• Vacant possession


ADDRESS169 Lowe AvenueWednesburyStaffordshire, WS10 8NT


WEDNESBURY, STAFFORDSHIRE

EPC Rating: E

• For Sale By Online Auction – 17th – 18thDecember 2018 • Guide Price: £99,950+• Well-presented semi-detached property • Freehold - sold with vacant possession• Popular residential location

The property is entered by the uPVC glazedfront door, which leads into the entrancehallway. There is a through lounge of thehallway, with patio doors to the rear allowingplentiful natural daylight. In addition, theground floor also hosts a modern fittedkitchen with a good range of base and eyelevel units and utility room to the rear.

The property is located on the corner ofLowe Avenue and Kennedy Crescent in theDarlaston district of Wednesbury in theWest Midlands.

Darlaston hosts an excellent range of localamenities, including; Asda and Tescosuperstores, the Keyway Retail Park,popular schools, various parks and leisurefacilities.

The major city of Birmingham is locatedjust 20 minutes from the property via theM6 motorway. The M6 motorway isapproximately two miles from the property,therefore providing commuters with goodroad access into Birmingham city centre.

The M5 motorway leading to the SouthWest and Wales is also just a short driveaway.

Solicitors




Description ContinuedUpstairs has the benefit of three bedroomsand a family bathroom. The property isneutrally decorated throughout and has arecently installed uPVC glazing and centralheating system.

Outside of the property there are gardens tothe front, side and rear. A good sizeddetached garage is accessed via KennedyCrescent.

Accommodation83 m2 (893 ft2)Measurement provided by the EPC

ServicesPotential buyers are advised to make theirown investigations

TenureThe property is freehold

Council TaxThe property is subject to council tax bandA. The rate payable for 2018 / 2019 is£1,224 pa)


Buyers Premium2% (min. £3,600) inc. VAT

Sell Your PropertyIf you are thinking of selling your property,contact us now for a free appraisal andbenefit from:• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion • Monthly Auctions


Investment Analysis

We expect the property could achieve a rent in the region of £660 pcm(£7,920 pa). This represents a gross yield of 8.0% based on the guide price.We envisage there is also opportunity for good capital growth in the area.We are advised by the vendor that there is an old mine shaft occupying theadjoining property.


DescriptionLocation


FEATURES

LOT 23

Two Bedroom First Floor ApartmentHigh Yielding Investment Opportunity


• Two bedroom apartment

• First floor

• Ideal investment opportunity

• Parking space

• Biofuel central heating & doubleglazed

• Potential rental income of £450PCM



ADDRESS9 Samuel StreetPrestonLancashire PR1 4YL


PRESTON, LANCASHIRE

EPC Rating: C

• For Sale By Online Auction – 17th – 18thDecember 2018• Guide Price: £33,000+• Two bedroom apartment• Leasehold

This is a two bedroom first floor apartmentaccessed via a communal hallway sharedwith other residents.

The property comprises an entrance hallgiving access to a large lounge space withJuliette balcony. There are two doublebedrooms, a bathroom and a good sizedkitchen with a range of high and low storagespace.

The property is located in Derwent Houseon Samuel Street and is surrounded byproperties of a similar construction.

Preston has a varied selection of shops andrestaurants and a popular university.Preston is connected via a mainline railwaygiving access across the UK.

The M6 Motorway is located 2 miles east ofthe property and provides excellent accessto the cities of Liverpool and Manchester.

Solicitors




Accomodation56.8 m2 (610 ft2)Measurement provided by the EPCLounge 3.35m x 4.72mKitchen 2.51m x 3.04mBedroom 1 3.35m x 3.61m Bedroom 2 3.49m x 2.98m

ServicesWe understand that the property has accessto mains electric, water and drainage.Potential buyers are advised to make theirown investigations

TenureLeasehold – 125 years from 1986

Service charge and ground rentService charge - £1017 PAGround Rent - £10 PA

Council TaxThe property is rated in Council Tax band A.Council Tax payable (2018/2019) isapproximately £1,230.However, purchasers should make their ownenquiries.

Sell your propertyIf you are thinking of selling your property,contact us now for a free appraisal and benefitfrom:• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion • Monthly Auctions


Investment Analysis

This property has the potential to be let on an AST basis and we wouldexpect it to achieve a rental price of £450PCM representing a 16% grossyield.


DescriptionLocation


FEATURES

LOT 24

One Bedroom FlatHigh Yielding Investment Opportunity


• One bedroom apartment

• Fourth Floor

• Ideal investment opportunity

• Parking space

• Biofuel Central heating & DoubleGlazed

• Potential rental income – 400PCM



ADDRESS18 Derwent House, Samuel StreetPrestonLancashire PR1 4YL


PRESTON, LANCASHIRE

EPC Rating: C

• For Sale By Online Auction – 17th – 18thDecember 2018• Guide Price: £30,000+• One bedroom apartment• Leasehold

This is a fourth floor apartment accessed viaa communal hallway shared with otherresidents.

The property comprises an entrance hallgiving access to a large lounge space. Thereis a double bedroom, a bathroom and a goodsized kitchen with a range of high and lowstorage space.

The property is located in Derwent Houseon Samuel Street and is surrounded byproperties of a similar construction.

Preston has a varied selection of shops andrestaurants and a popular university.Preston is connected via a mainline railwaygiving access across the UK.

The M6 Motorway is located 2 miles east ofthe property and provides excellent accessto the cities of Liverpool and Manchester.

Solicitors




Accomodation46 m2 (496 ft2)Measurement provided by the EPC

Investment AnalysisThis property has the potential to be let onan AST basis and we would expect it toachieve a rental price of £400PCMrepresenting a 16% gross yield.

ServicesWe understand that the property has accessto mains electric, water and drainage.Potential buyers are advised to make theirown investigations

TenureLeasehold

Lease Details125 Years from 1986Service charge - £1017 PAGround Rent - £10 PA

Council TaxThe property is rated in Council Tax bandA. Council Tax payable (2018/2019) isapproximately £1,230.However, purchasers should make theirown enquiries.


Sell Your PropertySell Your PropertyIf you are thinking of selling your property,contact us now for a free appraisal andbenefit from:• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion • Monthly Auctions




DescriptionLocation


FEATURES

TBC

LONDON

LOT 25

A Two Bedroom First Floor Apartment withModern Fixtures and Fittings - West FacingPrivate Balcony

• For Sale By Online Auction: 17th &18th December 2018

• Guide price: £300,000+

• 12 Minutes walk to Elephant andCastle station

• Estimated rental value £345PW

• West facing balcony

• Service Charge:

• Ground Rent:

• Lease Term: Circa 60 Years


ADDRESS312a, Walworth RoadLondonSE17 2NA


LONDON

EPC Rating: C

• For Sale By Online Auction: 17th & 18thDecember 2018 • Guide price: £300,000+• 12 Minutes walk to Elephant and Castlestation• Estimated rental value £345PW• West facing balcony• Leasehold

A two-bedroom first floor apartment in themetropolitan area of Walworth road. Theproperty comprises and open planlounge/kitchen with access to a private westfacing balcony. There are two bedrooms anda modern bathroom with shower. Theproperty is serviced by a Valliantcombination boiler.

Walworth is a district of south east London,England, within the London Borough ofSouthwark. It is located 1.9 miles (3.1 km)south east of Charing Cross, nearCamberwell and Elephant and Castle. Majorstreets in Walworth include the Old KentRoad, New Kent Road and Walworth Road.

Solicitors




AccommodationKitchen/Lounge: 6.1m x 2.92mBalcony: 6.7m x 1.3mBathroom: 2.13m x 1.73mBedroom 1: 3.5m x 2.98Bedroom 2: 3.04m x 2.52mHallway: 3.3m x 1.00m

ServicesWe understand the property has mains gas,electricity, water and drainage howeverinterested parties should carry out their owninvestigations in this respect.

TenureLeasehold

VATNon- applicable







This property would suit an investor who is looking to achieve long termrental returns. The property would also suit a first time purchase. Estimatedrental of £345PW.


DescriptionLocation


FEATURES

LOT 26

A Three Bedroom Maisonette Within WalkingDistance to Both Marylebone and Baker Street

Stations In Need Of Modernisation


• Three Bedroom Maisonette

• 0.4 Miles to Marylebone Rail Station

• 0.5 Miles to Baker Street Station

• In need of modernisation

• Leasehold

• EPC: C

• Estimated Rental Value: £525PW


ADDRESS21, Hardwick House, LilestoneStreetLondonNW8 8TE

£525,000+ Guide Price*

MARYLEBONE, LONDON, NW8

EPC Rating: C

Auction Date: 17th – 18th December 2018Three Bedroom Maisonette0.4 Miles to Marylebone Rail Station0.5 Miles to Baker Street Station

A three bedroom upper floor maisonette inan ex local authority block within walkingdistance of both Marylebone and Baker Streetstations giving access across central London.The property comprises a kitchen with bothhigh and low storage with space forappliances. A spacious Lounge with accessto a private balcony. There are three doublebedrooms, a family bathroom and separateWC. The property is double glazedthroughout and has central heating.

Marylebone is a residential area with avillage feel, centred on the independentboutiques and smart restaurants ofMarylebone High Street. Tourists queue forthe Madame Tussauds waxwork museumand the Sherlock Holmes Museum, thelatter in the fictional sleuth’s home at 221bBaker Street. The Georgian mansion thathouses the Wallace Collection of art andperiod furnishings typifies the area's elegantarchitecture. The name Maryleboneoriginated from a medieval church, StMary's, which was originally built on thebank of a small stream or 'bourne' called theTybourne.

Solicitors




AccomodationTotal – 90 meters Sq . (taken from EPC)

Upper Floor:Kitchen: 4.66m x 1.75mHallway: 3.36m x 0.9mMiddle Floor:Lounge: 3.1m x 5.9mBedroom 3: 2.1m x 3.6m

Lower Floor:Bedroom 1: 3.10m x 2.4mBedroom 2: 2.88m x 4.38mBathroom: 1.45m x 1.67m

ServicesWe understand the property has mains gas, electricity,water and drainage however interested parties shouldcarry out their own investigations in this respect.

TenureLeasehold


VATNon- Applicable

Buyers PremiumBuyer’s premium 2% (min £3,600) Inc. VAT.

Sell Your PropertySell Your PropertyIf you are thinking of selling your property, contact usnow for a free appraisal and benefit from:• 0% Seller Fee• £0 Entry Fee• £0 Marketing Costs• 20 Working Day Completion • Monthly auctions

Lease Detai lsLease Length: 125 years From 1983Service Charge: TBCGround Rent: TBC


TERMS & CONDITIONS Auctions

Online Property Auction Terms & Conditions

- Common Auction Conditions

- Amendments toCommon Auction Conditions

- Extra Auction Conduct Conditions

COMMON AUCTIONCONDITIONSIntroductionThe Common Auction Conditions have beenproduced for real estate auctions in Englandand Wales to set a common standard acrossthe industry. They are in three sections:

Glossary The glossary gives special meanings to certainwords used in both sets of conditions.

Auction Conduct Conditions The Auction Conduct Conditions govern therelationship between the auctioneer andanyone who has a catalogue, or who attends orbids at the auction. They cannot be changedwithout the auctioneer’s agreement. We recommend that these conditions are setout in a two-part notice to bidders in theauction catalogue, part one containingadvisory material – which auctioneers cantailor to their needs – and part two the auctionconduct conditions.

Sale Conditions The Sale Conditions govern the agreementbetween each seller and buyer. They includegeneral conditions of sale and template formsof special conditions of sale, tenancy andarrears schedules and a sale memorandum.

Important Notice A prudent buyer will, before bidding for a lot atan auction: • Take professional advice from a conveyancer

and, in appropriate cases, a charteredsurveyor 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 thebuyer has acted like a prudent buyer. If you choose to buy a lot withouttaking these normal precautions youdo so at your own risk.

GlossaryThis glossary applies to the auction conductconditions 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 legislationas it may have been modified or re-enactedby the date of the auction or the contractdate (as applicable); and

• where the following words printed in boldblack type appear in bold blue type they havethe specified meanings.

Actual completion date The date when completion takes place or istreated as taking place for the purposes ofapportionment and calculating interest.

Addendum An amendment or addition tothe conditions or to the particulars or to bothwhether contained in a supplement to thecatalogue, a written notice from theauctioneers or an oral announcement at theauction.

Agreed completion date Subject 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 isnot a business day the first subsequentbusiness day.

Approved financial institution Any bank or building society that has signedup to the Banking Code or Business BankingCode or is otherwise acceptable to theauctioneers.

Arrears Arrears of rent and other sums due under thetenancies and still outstanding on the actualcompletion date.

Arrears schedule The arrears schedule (if any) forming part ofthe special conditions.

Auction The auction advertised in the catalogue.

Auction conduct conditions The conditions so headed, including any extraauction conduct conditions.

Auctioneers The auctioneers at the auction.

Business day Any day except (a) a Saturday or a Sunday;(b) a bank holiday in England and Wales; or(c) Good Friday or Christmas Day.

Buyer The person who agrees to buy the lot or, ifapplicable, that person’s personalrepresentatives: if two or more are jointly thebuyer their obligations can be enforced againstthem jointly or against each of themseparately.

Catalogue The catalogue to which the conditions referincluding any supplement to it.

Completion Unless otherwise agreed between seller andbuyer (or their conveyancers) the occasionwhen both seller and buyer have complied withtheir obligations under the contract and thebalance of the price is unconditionallyreceived in the seller’s conveyancer’s clientaccount.

Condition One of the auction conduct conditions orsales conditions.

Contract The contract by which the seller agrees to selland the buyer agrees to buy the lot.

Contract date The date of the auction or, if the lot is not soldat 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 inperson or by an irrevocable agreement toexchange made by telephone, fax orelectronic mail the date of exchange is thedate on which both parts have been signedand posted or otherwise placed beyondnormal retrieval.

Documents Documents of title (including, if title isregistered, the entries on the register and thetitle plan) and other documents listed orreferred to in the special conditions relating tothe lot.

Financial charge A charge to secure a loan or other financialindebtness (not including a rentcharge).

COMMON AUCTION CONDITIONS(Edition 3 August 2009)

Reproduced with the consent of the RICS

Property Auction December 2018 - Catalogue 67

General conditions That part of the sale conditions so headed,including any extra general conditions.

Interest rate If not specified in the special conditions, 4% above the base rate from time to time ofBarclays Bank plc. (The interest rate will alsoapply to judgment debts, if applicable.)

Lot Each separate property described in thecatalogue or (as the case may be) the propertythat the seller has agreed to sell and the buyerto buy (including chattels, if any).

Old arrears Arrears due under any of the tenancies thatare not “new tenancies” as defined by theLandlord and Tenant (Covenants) Act 1995.

Particulars The section of the catalogue that containsdescriptions of each lot (as varied by anyaddendum).

Practitioner An insolvency practitioner for the purposes ofthe Insolvency Act 1986 (or, in relation tojurisdictions outside the United Kingdom, anysimilar official).

Price The price that the buyer agrees to pay for thelot.

Ready to complete Ready, willing and able to complete: ifcompletion would enable the seller todischarge all financial charges secured on thelot that have to be discharged by completion,then those outstanding financial charges donot prevent the seller from being ready tocomplete.

Sale conditions The general conditions as varied by anyspecial conditions or addendum.

Sale memorandum The form so headed (whether or not set out inthe catalogue) in which the terms of thecontract for the sale of the lot are recorded.

Seller The person selling the lot. If two or more arejointly the seller their obligations can beenforced against them jointly or against eachof them separately.

Special conditions Those of the sale conditions so headed thatrelate to the lot.

Tenancies Tenancies, leases, licences to occupy andagreements for lease and any documentsvarying or supplemental to them.

Tenancy schedule The tenancy schedule (if any) forming part ofthe special conditions.

Transfer Transfer includes a conveyance or assignment(and “to transfer” includes “to convey” or “toassign”).

TUPE The Transfer of Undertakings (Protection ofEmployment) Regulations 2006.

VAT Value Added Tax or other tax of a similarnature.

VAT option An option to tax.

We (and us and our) The auctioneers.

You (and your) Someone who has a copy of the catalogue orwho attends or bids at the auction, whether ornot a buyer.

Auction conduct conditions A1 Introduction A1.1 Words in bold red type have special

meanings, which are defined in theGlossary.

A1.2 The catalogue is issued only on the basisthat you accept these auction conductconditions. They govern our relationshipwith you and cannot be disapplied orvaried by the sale conditions (even by acondition purporting to replace thewhole of the Common AuctionConditions). They can be varied only ifwe agree.

A2 Our role A2.1 As agents for each seller we have

authority to: (a) prepare the catalogue frominformation supplied by or on behalf ofeach 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 thebuyer fails to sign a sale memorandum orpay a deposit as required by theseauction conduct conditions.

A2.2 Our decision on the conduct of theauction is final.

A2.3 We may cancel the auction, or alter theorder in which lots are offered for sale.We may also combine or divide lots. Alot may be sold or withdrawn from saleprior to the auction.

A2.4 You acknowledge that to the extentpermitted by law we owe you no duty ofcare and you have no claim against us forany loss.

A3 Bidding and reserve prices A3.1 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 isfinal.

A3.4 Unless stated otherwise each lot issubject to a reserve price (which may befixed just before the lot is offered forsale). If no bid equals or exceeds thatreserve price the lot will be withdrawnfrom the auction.

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

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

A4 The particulars and otherinformation

A4.1 We have taken reasonable care toprepare particulars that correctlydescribe each lot. The particulars arebased on information supplied by or onbehalf of the seller. You need to checkthat the information in the particulars iscorrect.

A4.2 If the special conditions do not contain adescription of the lot, or simply refer tothe relevant lot number, you take the riskthat the description contained in theparticulars is incomplete or inaccurate,as the particulars have not beenprepared by a conveyancer and are notintended to form part of a legal contract.

A4.3 The particulars and the sale conditionsmay change prior to the auction and it isyour responsibility to check that youhave the correct versions.

A4.4 If we provide information, or a copy of adocument, provided by others we do soonly on the basis that we are notresponsible for the accuracy of thatinformation or document.



A5 The contract A5.1 A successful bid is one we accept as such

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

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

A5.3 You must before leaving the auction:(a) provide all information we reasonablyneed from you to enable us to completethe sale memorandum (including proofof your identity if required by us);(b) sign the completed salememorandum; and(c) pay the deposit.

A5.4 If you do not we may either: (a) as agent for the seller treat that failureas your repudiation of the contract andoffer the lot for sale again: the seller maythen have a claim against you for breachof contract; or(b) sign the sale memorandum on yourbehalf.

A5.5 The deposit: (a) is to be held as stakeholder whereVAT would be chargeable on the depositwere it to be held as agent for the seller,but otherwise is to be held as stated inthe sale conditions; and(b) must be paid in pounds sterling bycheque or by bankers’ draft madepayable to us on an approved financialinstitution. The extra auction conductconditions may state if we accept anyother form of payment.

A5.6 We may retain the sale memorandumsigned by or on behalf of the seller untilthe deposit has been received in clearedfunds.

A5.7 If the buyer does not comply with itsobligations under the contract then: (a) you are personally liable to buy thelot even if you are acting as an agent;and(b) you must indemnify the seller inrespect of any loss the seller incurs as aresult of the buyer’s default.

A5.8 Where the buyer is a company youwarrant that the buyer is properlyconstituted and able to buy the lot.

A6 Extra Auction ConductConditions

A6.1 Despite any special condition to thecontrary the minimum deposit we acceptis £250 (or the total price, if less). Aspecial condition may, however, require a higher minimum deposit.

General conditions of sale

Words in bold red type have specialmeanings, which are defined in theGlossary.

The general conditions (including any extrageneral conditions) apply to the contractexcept to the extent that they are varied byspecial conditions or by an addendum.

G1. The lot G1.1 The lot (including any rights to be

granted or reserved, and any exclusionsfrom it) is described in the specialconditions, or if not so described the lotis that referred to in the salememorandum.

G1.2 The lot is sold subject to any tenanciesdisclosed by the special conditions, butotherwise with vacant possession oncompletion.

G1.3 The lot is sold subject to all matterscontained or referred to in thedocuments, but excluding any financialcharges: these the seller must dischargeon or before completion.

G1.4 The lot is also sold subject to such of thefollowing as may affect it, whether theyarise before or after the contract dateand whether or not they are disclosed bythe seller or are apparent from inspectionof the lot or from the documents: (a) matters registered or capable ofregistration as local land charges;(b) matters registered or capable ofregistration by any competent authorityor under the provisions of any statute;(c) notices, orders, demands, proposalsand requirements of any competentauthority;(d) charges, notices, orders, restrictions,agreements and other matters relating totown and country planning, highways orpublic health;(e) rights, easements, quasi-easements,and wayleaves;(f) outgoings and other liabilities;(g) any interest which overrides, withinthe meaning of the Land RegistrationAct 2002;(h) matters that ought to be disclosed bythe searches and enquiries a prudentbuyer would make, whether or not thebuyer has made them; and(i) anything the seller does not and couldnot reasonably know about.

G1.5 Where anything subject to which the lotis sold would expose the seller to liabilitythe buyer is to comply with it andindemnify the seller against that liability.

G1.6 The seller must notify the buyer of anynotices, orders, demands, proposals andrequirements of any competent authorityof which it learns after the contract datebut the buyer must comply with themand keep the seller indemnified.

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

G1.8 Where chattels are included in the lotthe buyer takes them as they are atcompletion 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 thebuyer has read them; and(b) the physical condition of the lot andwhat could reasonably be discovered oninspection of it, whether or not the buyerhas inspected it.

G1.10 The buyer is not to rely on theinformation contained in the particularsbut may rely on the seller’sconveyancer’s written replies topreliminary enquiries to the extent stated in those replies.

G2. Deposit G2.1 The amount of the deposit is the greater

of: (a) any minimum deposit stated in theauction conduct conditions (or the totalprice, if this is less than that minimum);and(b) 10% of the price (exclusive of anyVAT on the price).

G2.2 The deposit (a) must be paid in pounds sterling bycheque or banker’s draft drawn on anapproved financial institution (or by anyother means of payment that theauctioneers may accept); and(b) is to be held as stakeholder unless theauction conduct conditions provide thatit is to be held as agent for the seller.

G2.3 Where the auctioneers hold the depositas stakeholder they are authorised torelease it (and interest on it if applicable)to the seller on completion or, ifcompletion does not take place, to theperson entitled to it under the saleconditions.

G2.4 If a cheque for all or part of the depositis not cleared on first presentation theseller may treat the contract as at an endand bring a claim against the buyer forbreach of contract.

G2.5 Interest earned on the deposit belongs tothe seller unless the sale conditionsprovide otherwise.

G3. Between contract and completion G3.1 Unless the special conditions state

otherwise, the seller is to insure the lotfrom and including the contract date tocompletion and: (a) produce to the buyer on request allrelevant insurance details;(b) pay the premiums when due;(c) if the buyer so requests, and pays anyadditional premium, use reasonableendeavours to increase the sum insuredor make other changes to the policy;(d) at the request of the buyer use




reasonable endeavours to have thebuyer’s interest noted on the policy if itdoes not cover a contracting purchaser; (e) unless otherwise agreed, cancel theinsurance at completion, apply for arefund of premium and (subject to therights of any tenant or other third party)pay that refund to the buyer; and(f) (subject to the rights of any tenant orother third party) hold on trust for thebuyer any insurance payments that theseller receives in respect of loss ordamage arising after the contract date orassign to the buyer the benefit of anyclaim; and the buyer must on completionreimburse to the seller the cost of thatinsurance (to the extent not already paidby the buyer or a tenant or other thirdparty) for the period from and includingthe contract date to completion.

G3.2 No damage to or destruction of the lotnor any deterioration in its condition,however caused, entitles the buyer toany reduction in price, or to delaycompletion, or to refuse to complete.

G3.3 Section 47 of the Law of Property Act1925 does not apply.

G3.4 Unless the buyer is already lawfully inoccupation of the lot the buyer has noright to enter into occupation prior tocompletion.

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

accepts the title of the seller to the lot asat the contract date and may raise norequisition or objection except in relationto any matter that occurs after thecontract date.

G4.2 If any of the documents is not madeavailable before the auction the followingprovisions apply: (a) The buyer may raise no requisition onor objection to any of the documentsthat is made available before the auction.(b) If the lot is registered land the selleris to give to the buyer within fivebusiness days of the contract date anofficial copy of the entries on the registerand title plan and, where noted on theregister, of all documents subject towhich the lot is being sold.(c) If the lot is not registered land theseller is to give to the buyer within fivebusiness days an abstract or epitome oftitle starting from the root of titlementioned in the special conditions (or,if none is mentioned, a good root of titlemore than fifteen years old) and mustproduce to the buyer the original or anexamined copy of every relevantdocument.(d) If title is in the course of registration,title is to consist of certified copies of:(i) the application for registration of titlemade to the land registry;(ii) the documents accompanying thatapplication;(iii) evidence that all applicable stamp

duty land tax relating to that applicationhas been paid; and (iv) a letter under which the seller or itsconveyancer agrees to use all reasonableendeavours to answer any requisitionsraised by the land registry and to instructthe land registry to send the completedregistration documents to the buyer.(e) The buyer has no right to object to ormake requisitions on any titleinformation more than seven businessdays after that information has beengiven to the buyer.

G4.3 Unless otherwise stated in the specialconditions the seller sells with full titleguarantee except that (and the transfershall so provide): (a) the covenant set out in section 3 ofthe Law of Property (MiscellaneousProvisions) Act 1994 shall not extend tomatters recorded in registers open topublic inspection; these are to be treatedas within the actual knowledge of thebuyer; and(b) the covenant set out in section 4 ofthe Law of Property (MiscellaneousProvisions) Act 1994 shall not extend toany condition or tenant’s obligationrelating to the state or condition of thelot where the lot is leasehold property.

G4.4 The transfer is to have effect as ifexpressly subject to all matters subject towhich the lot is sold under the contract.

G4.5 The seller does not have to produce, normay the buyer object to or make arequisition in relation to, any prior orsuperior title even if it is referred to inthe documents.

G4.6 The seller (and, if relevant, the buyer)must produce to each other suchconfirmation of, or evidence of, theiridentity and that of their mortgagees andattorneys (if any) as is necessary for theother to be able to comply withapplicable Land Registry Rules whenmaking application for registration of thetransaction to which the conditionsapply.

G5. Transfer G5.1 Unless a form of transfer is prescribed by

the special conditions: (a) the buyer must supply a draft transferto the seller at least ten business daysbefore the agreed completion date andthe engrossment (signed as a deed by thebuyer if condition G5.2 applies) fivebusiness days before that date or (iflater) two business days after the drafthas been approved by the seller; and(b) the seller must approve or revise thedraft transfer within five business days ofreceiving it from the buyer.

G5.2 If the seller remains liable in any respectin relation to the lot (or a tenancy)following completion the buyer isspecifically 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, orby more than one transfer.

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

of the seller’s conveyancer, or where theseller may reasonably require, on theagreed completion date. The seller canonly be required to complete on abusiness day and between the hours of0930 and 1700.

G6.2 The amount payable on completion isthe balance of the price adjusted to takeaccount of apportionments plus (ifapplicable) VAT and interest.

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

G6.4 Unless the seller and the buyer otherwiseagree, completion cannot take place untilboth have complied with theirobligations under the contract and thebalance of the price is unconditionallyreceived in the seller’s conveyancer’sclient account.

G6.5 If completion takes place after 1400hours for a reason other than the seller’sdefault it is to be treated, for thepurposes of apportionment andcalculating interest, as if it had takenplace on the next business day.

G6.6 Where applicable the contract remains inforce following completion.

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

the agreed completion date but beforecompletion give the other notice tocomplete within ten business days(excluding the date on which the noticeis given) making time of the essence.

G7.2 The person giving the notice must beready to complete.

G7.3 If the buyer fails to comply with a noticeto complete the seller may, withoutaffecting any other remedy the seller has: (a) terminate the contract;(b) claim the deposit and any interest onit if held by a stakeholder;(c) forfeit the deposit and any interest onit;(d) resell the lot; and(e) claim damages from the buyer.

G7.4 If the seller fails to comply with a noticeto complete the buyer may, withoutaffecting any other remedy the buyerhas: (a) terminate the contract; and(b) recover the deposit and any intereston it from the seller or, if applicable, astakeholder.



G8. If the contract is brought to an end If the contract is lawfully brought to anend: (a) the buyer must return all papers to theseller and appoints the seller its agent tocancel any registration of the contract;and(b) the seller must return the deposit andany interest on it to the buyer (and thebuyer may claim it from the stakeholder,if applicable) unless the seller is entitledto forfeit the deposit under conditionG7.3.

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

land and licence to assign is required thiscondition G9 applies.

G9.2 The contract is conditional on thatlicence being obtained, by way of formallicence if that is what the landlordlawfully requires.

G9.3 The agreed completion date is not to beearlier than the date five business daysafter the seller has given notice to thebuyer that licence has been obtained.

G9.4 The seller must: (a) use all reasonableendeavours to obtain the licence at theseller’s expense; and (b) enter into anyauthorised guarantee agreement properlyrequired.

G9.5 The buyer must: (a) promptly provide references and otherrelevant information; and (b) comply with the landlord’s lawfulrequirements.

G9.6 If within three months of the contractdate (or such longer period as the sellerand buyer agree) the licence has not beenobtained the seller or the buyer may (ifnot then in breach of any obligationunder this condition G9) by notice to theother terminate the contract at any timebefore licence is obtained. Thattermination is without prejudice to theclaims of either seller or buyer for breachof this condition G9.

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

agreed completion date for any reasonother than the seller’s default the buyermust pay interest at the interest rate onthe price (less any deposit paid) fromthe agreed completion date up to andincluding the actual completion date.

G10.2 Subject to condition G11 the seller isnot obliged to apportion or account forany sum at completion unless the sellerhas received that sum in cleared funds.The seller must pay to the buyer aftercompletion any sum to which the buyeris entitled that the seller subsequentlyreceives in cleared funds.

G10.3 Income and outgoings are to beapportioned at actual completion dateunless:

(a) the buyer is liable to pay interest;and(b) the seller has given notice to thebuyer at any time up to completionrequiring apportionment on the datefrom which interest becomes payableby the buyer; in which event incomeand outgoings are to be apportioned onthe date from which interest becomespayable by the buyer.

G10.4 Apportionments are to be calculated onthe basis that: (a) the seller receives income and isliable for outgoings for the whole of theday on which apportionment is to bemade;(b) annual income and expenditureaccrues at an equal daily rate assuming365 days in a year, and income andexpenditure relating to some otherperiod accrues at an equal daily rateduring the period to which it relates;and(c) where the amount to beapportioned is not known atcompletion apportionment is to bemade by reference to a reasonableestimate and further payment is to bemade by seller or buyer as appropriatewithin five business days of the datewhen the amount is known.

G11. Arrears Part 1 Current rent G11.1 “Current rent” means, in respect of

each of the tenancies subject to whichthe lot is sold, the instalment of rentand other sums payable by the tenantin advance on the most recent rentpayment date on or within four monthspreceding completion.

G11.2 If on completion there are any arrearsof current rent the buyer must paythem, whether or not details of thosearrears are given in the specialconditions.

G11.3 Parts 2 and 3 of this condition G11 donot apply to arrears of current rent.

Part 2 Buyer to pay for arrears G11.4 Part 2 of this condition G11 applies

where the special conditions givedetails of arrears.

G11.5 The buyer is on completion to pay, inaddition to any other money then due,an amount equal to all arrears of whichdetails are set out in the specialconditions.

G11.6 If those arrears are not old arrears theseller is to assign to the buyer all rightsthat the seller has to recover thosearrears.

Part 3 Buyer not to pay for arrears G11.7 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 sellerremain unpaid the buyer must: (a) try to collect them in the ordinarycourse of management but need nottake legal proceedings or forfeit thetenancy;(b) pay them to the seller within fivebusiness days of receipt in clearedfunds (plus interest at the interest ratecalculated on a daily basis for eachsubsequent day’s delay in payment);(c) on request, at the cost of the seller,assign to the seller or as the seller maydirect the right to demand and sue forold arrears, such assignment to be insuch form as the seller’s conveyancermay reasonably require;(d) if reasonably required, allow theseller’s conveyancer to have on loanthe counterpart of any tenancy againstan undertaking to hold it to the buyer’sorder;(e) not without the consent of the sellerrelease any tenant or surety fromliability to pay arrears or accept asurrender of or forfeit any tenancyunder which arrears are due; and(f) if the buyer disposes of the lot priorto recovery of all arrears obtain fromthe buyer’s successor in title a covenantin favour of the seller in similar form topart 3 of this condition G11.

G11.9 Where the seller has the right torecover arrears it must not without thebuyer’s written consent bringinsolvency proceedings against atenant or seek the removal of goodsfrom the lot.

G12. Management G12.1 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 standardmanagement policies pendingcompletion.

G12.3 The seller must consult the buyer on allmanagement issues that would affectthe buyer after completion (such as, butnot limited to, an application forlicence; a rent review; a variation,surrender, agreement to surrender orproposed forfeiture of a tenancy; or anew tenancy or agreement to grant anew tenancy) and: (a) the seller must comply with thebuyer’s reasonable requirements unlessto do so would (but for the indemnity inparagraph (c)) expose the seller to aliability that the seller would nototherwise have, in which case the sellermay act reasonably in such a way as toavoid that liability;(b) if the seller gives the buyer noticeof the seller’s intended act and thebuyer does not object within fivebusiness days giving reasons for theobjection the seller may act as theseller intends; and




(c) the buyer is to indemnify the selleragainst all loss or liability the sellerincurs through acting as the buyerrequires, or by reason of delay causedby the buyer.

G13. Rent deposits G13.1 This condition G13 applies where the

seller is holding or otherwise entitled tomoney by way of rent deposit inrespect of a tenancy. In this conditionG13 “rent deposit deed” means thedeed or other document under whichthe rent deposit is held.

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

G13.3 Otherwise the seller must oncompletion pay and assign its interest inthe rent deposit to the buyer under anassignment in which the buyercovenants with the seller to: (a) observe and perform the seller’scovenants and conditions in the rentdeposit deed and indemnify the seller inrespect of any breach; (b) give notice of assignment to thetenant; and (c) give such direct covenant to thetenant as may be required by the rentdeposit deed.

G14. VAT G14.1 Where a sale condition requires money

to be paid or other consideration to begiven, the payer must also pay any VATthat is chargeable on that money orconsideration, but only if given a validVAT invoice.

G14.2 Where the special conditions state thatno VAT option has been made the sellerconfirms that none has been made by itor by any company in the same VATgroup nor will be prior to completion.

G15. Transfer as a going concern G15.1 Where the special conditions so state:

(a) the seller and the buyer intend, andwill take all practicable steps (short ofan appeal) to procure, that the sale istreated as a transfer of a going concern;and (b) this condition G15 applies.

G15.2 The seller confirms that the seller (a) is registered for VAT, either in theseller’s name or as a member of thesame VAT group; and (b) has (unless the sale is a standard-rated supply) made in relation to the lota VAT option that remains valid and willnot be revoked before completion.

G15.3 The buyer confirms that: (a) it is registered for VAT, either in thebuyer’s name or as a member of a VATgroup;

(b) it has made, or will make beforecompletion, a VAT option in relation tothe lot and will not revoke it before orwithin three months after completion;(c) article 5(2B) of the Value AddedTax (Special Provisions) Order 1995does not apply to it; and(d) it is not buying the lot as a nomineefor another person.

G15.4 The buyer is to give to the seller asearly as possible before the agreedcompletion date evidence: (a) of the buyer’s VAT registration;(b) that the buyer has made a VAToption; and(c) that the VAT option has beennotified in writing to HM Revenue andCustoms;and if it does not produce the relevantevidence at least two business daysbefore the agreed completion date,condition G14.1 applies at completion.

G15.5 The buyer confirms that aftercompletion the buyer intends to: (a) retain and manage the lot for thebuyer’s own benefit as a continuingbusiness as a going concern subject toand with the benefit of the tenancies;and(b) collect the rents payable under thetenancies and charge VAT on them

G15.6 If, after completion, it is found that thesale of the lot is not a transfer of agoing concern then: (a) the seller’s conveyancer is to notifythe buyer’s conveyancer of that findingand provide a VAT invoice in respect ofthe sale of the lot;(b) the buyer must within five businessdays of receipt of the VAT invoice payto the seller the VAT due; and(c) if VAT is payable because the buyerhas not complied with this conditionG15, the buyer must pay and indemnifythe seller against all costs, interest,penalties or surcharges that the sellerincurs as a result.

G16. Capital allowances G16.1 This condition G16 applies where the

special conditions state that there arecapital allowances available in respectof the lot.

G16.2 The seller is promptly to supply to thebuyer all information reasonablyrequired by the buyer in connectionwith the buyer’s claim for capitalallowances.

G16.3 The value to be attributed to thoseitems on which capital allowances maybe claimed is set out in the specialconditions.

G16.4 The seller and buyer agree: (a) to make an election on completionunder Section 198 of the CapitalAllowances Act 2001 to give effect tothis condition G16; and(b) to submit the value specified in the

special conditions to HM Revenue andCustoms for the purposes of theirrespective capital allowancecomputations.

G17. Maintenance agreements G17.1 The seller agrees to use reasonable

endeavours to transfer to the buyer, atthe buyer’s cost, the benefit of themaintenance agreements specified inthe special conditions.

G17.2 The buyer must assume, and indemnifythe seller in respect of, all liabilityunder such contracts from the actualcompletion date.

G18. Landlord and Tenant Act 1987 G18.1 This condition G18 applies where the

sale is a relevant disposal for thepurposes of part I of the Landlord andTenant Act 1987.

G18.2 The seller warrants that the seller hascomplied with sections 5B and 7 ofthat Act and that the requisite majorityof qualifying tenants has not acceptedthe offer.

G19. Sale by practitioner G19.1 This condition G19 applies where the

sale is by a practitioner either as selleror as agent of the seller.

G19.2 The practitioner has been dulyappointed and is empowered to sell thelot.

G19.3 Neither the practitioner nor the firm orany member of the firm to which thepractitioner belongs has any personalliability in connection with the sale orthe performance of the seller’sobligations. The transfer is to include adeclaration excluding that personalliability.

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 thebuyer has no right to terminate thecontract or any other remedy ifinformation provided about the lot isinaccurate, incomplete or missing.

G19.5 Where relevant: (a) the documents must includecertified copies of those under whichthe practitioner is appointed, thedocument of appointment and thepractitioner’s acceptance ofappointment; and(b) the seller may require the transfer tobe by the lender exercising its power ofsale under the Law of Property Act1925.

G19.6 The buyer understands this conditionG19 and agrees that it is fair in thecircumstances of a sale by apractitioner.



G20. TUPE G20.1 If the special conditions state “There

are no employees to which TUPEapplies”, this is a warranty by the sellerto this effect.

G20.2 If the special conditions do not state“There are no employees to whichTUPE applies” the followingparagraphs apply: (a) The seller must notify the buyer ofthose employees whose contracts ofemployment will transfer to the buyeron completion (the “TransferringEmployees”). This notification must begiven to the buyer not less than 14 daysbefore completion.(b) The buyer confirms that it willcomply with its obligations underTUPE and any special conditions inrespect of the Transferring Employees.(c) The buyer and the selleracknowledge that pursuant and subjectto TUPE, the contracts of employmentbetween the Transferring Employeesand the seller will transfer to the buyeron completion.(d) The buyer is to keep the sellerindemnified against all liability for theTransferring Employees aftercompletion.

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 theenvironmental condition of the lot andhas given the buyer the opportunity tocarry out investigations (whether or notthe buyer has read those reports orcarried out any investigation) and thebuyer admits that the price takes intoaccount the environmental condition ofthe lot.

G21.3 The buyer agrees to indemnify theseller in respect of all liability for orresulting from the environmentalcondition of the lot.

G22. Service Charge G22.1 This condition G22 applies where the

lot is sold subject to tenancies thatinclude service charge provisions.

G22.2 No apportionment is to be made atcompletion in respect of servicecharges.

G22.3 Within two months after completionthe seller must provide to the buyer adetailed service charge account for theservice charge year current oncompletion showing: (a) service charge expenditureattributable to each tenancy;(b) payments on account of servicecharge received from each tenant;(c) any amounts due from a tenant thathave not been received;(d) any service charge expenditure that

is not attributable to any tenancyand is for that reason irrecoverable.

G22.4 In respect of each tenancy, if theservice charge account shows that: (a) payments on account (whetherreceived or still then due from a tenant)exceed attributable service chargeexpenditure, the seller must pay to thebuyer an amount equal to the excesswhen it provides the service chargeaccount; (b) attributable service chargeexpenditure exceeds payments onaccount (whether those payments havebeen received or are still then due), thebuyer must use all reasonableendeavours to recover the shortfall fromthe tenant at the next service chargereconciliation date and pay the amountso recovered to the seller within fivebusiness days of receipt in clearedfunds; but in respect of payments onaccount that are still due from a tenantcondition G11 (arrears) applies.

G22.5 In respect of service chargeexpenditure that is not attributable toany tenancy the seller must pay theexpenditure incurred in respect of theperiod before actual completion dateand the buyer must pay the expenditureincurred in respect of the period afteractual completion date. Any necessarymonetary adjustment is to be madewithin five business days of the sellerproviding the service charge account tothe buyer.

G22.6 If the seller holds any reserve or sinkingfund on account of future servicecharge expenditure or a depreciationfund: (a) the seller must pay it (including anyinterest earned on it) to the buyer oncompletion; and (b) the buyer must covenant with theseller to hold it in accordance with theterms of the tenancies and to indemnifythe seller if it does not do so.

G23. Rent reviews G23.1 This condition G23 applies where the

lot is sold subject to a tenancy underwhich a rent review due on or beforethe actual completion date has not beenagreed or determined.

G23.2 The seller may continue negotiations orrent review proceedings up to theactual completion date but may notagree the level of the revised rent orcommence rent review proceedingswithout the written consent of thebuyer, such consent not to beunreasonably withheld or delayed.

G23.3 Following completion the buyer mustcomplete rent review negotiations orproceedings as soon as reasonablypracticable but may not agree the levelof the revised rent without the writtenconsent of the seller, such consent notto be unreasonably withheld or delayed.

G23.4 The seller must promptly: (a) give to the buyer full details of allrent review negotiations andproceedings, including copies of allcorrespondence and other papers; and(b) use all reasonable endeavours tosubstitute the buyer for the seller in anyrent review proceedings.

G23.5 The seller and the buyer are to keepeach other informed of the progress ofthe rent review and have regard to anyproposals the other makes in relation toit.

G23.6 When the rent review has been agreedor determined the buyer must accountto the seller for any increased rent andinterest recovered from the tenant thatrelates to the seller’s period ofownership within five business days ofreceipt of cleared funds.

G23.7 If a rent review is agreed ordetermined before completion but theincreased rent and any interestrecoverable from the tenant has notbeen received by completion theincreased rent and any interestrecoverable is to be treated as arrears.

G23.8 The seller and the buyer are to beartheir own costs in relation to rentreview negotiations and proceedings.

G24. Tenancy renewals G24.1 This condition G24 applies where the

tenant under a tenancy has the right toremain in occupation under part II ofthe Landlord and Tenant Act 1954 (asamended) and references to notices andproceedings are to notices andproceedings under that Act.

G24.2 Where practicable, without exposing theseller to liability or penalty, the sellermust not without the written consent ofthe buyer (which the buyer must notunreasonably withhold or delay) serveor respond to any notice or begin orcontinue any proceedings.

G24.3 If the seller receives a notice the sellermust send a copy to the buyer withinfive business days and act as the buyerreasonably directs in relation to it.

G24.4 Following completion the buyer must: (a) with the co-operation of the sellertake immediate steps to substitute itselfas a party to any proceedings; (b) use all reasonable endeavours toconclude any proceedings ornegotiations for the renewal of thetenancy and the determination of anyinterim rent as soon as reasonablypracticable at the best rent or rentsreasonably obtainable; and (c) if any increased rent is recoveredfrom the tenant (whether as interim rentor under the renewed tenancy) accountto the seller for the part of that increasethat relates to the seller’s period ofownership of the lot within five businessdays of receipt of cleared funds.




G24.5 The seller and the buyer are to beartheir own costs in relation to therenewal of the tenancy and anyproceedings 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 buyerand give notice of assignment to theperson who gave the warranty; and(b) apply for (and the seller and thebuyer must use all reasonableendeavours to obtain) any consent toassign that is required. If consent hasnot been obtained by completion thewarranty must be assigned within fivebusiness days after the consent hasbeen obtained.

G25.3 If a warranty is not assignable theseller must after completion: (a) hold the warranty on trust for thebuyer; and(b) at the buyer’s cost comply with suchof the lawful instructions of the buyerin relation to the warranty as do notplace the seller in breach of its termsor expose the seller to any liability orpenalty.

G26. No assignment The buyer must not assign, mortgageor otherwise transfer or part with thewhole or any part of the buyer’sinterest under this contract.

G27. Registration at the LandRegistry

G27.1 This condition G27.1 applies where thelot is leasehold and its sale eithertriggers first registration or is aregistrable disposition. The buyer mustat its own expense and as soon aspracticable: (a) procure that it becomes registeredat Land Registry as proprietor of thelot;(b) procure that all rights granted andreserved by the lease under which thelot is held are properly noted againstthe affected titles; and(c) provide the seller with an officialcopy of the register relating to suchlease showing itself registered asproprietor.

G27.2 This condition G27.2 applies where thelot comprises part of a registered title.The buyer must at its own expense andas soon as practicable: (a) apply for registration of the transfer;(b) provide the seller with an officialcopy and title plan for the buyer’s newtitle; and(c) join in any representations the sellermay properly make to Land Registryrelating to the application.

G28. Notices and othercommunications

G28.1 All communications, including notices,must be in writing. Communication toor by the seller or the buyer may begiven to or by their conveyancers.

G28.2 A communication may be relied on if: (a) delivered by hand; or(b) made electronically and personallyacknowledged (automaticacknowledgement does not count); or(c) there is proof that it was sent to theaddress of the person to whom it is tobe given (as specified in the salememorandum) by a postal service thatoffers normally to deliver mail the nextfollowing business day.

G28.3 A communication is to be treated asreceived: (a) when delivered, if delivered byhand; or(b) when personally acknowledged, ifmade electronically; but if delivered ormade after 1700 hours on a businessday a communication is to be treatedas received on the next business day.

G28.4 A communication sent by a postalservice that offers normally to delivermail the next following business daywill be treated as received on thesecond business day after it has beenposted.

G29. Contracts (Rights of ThirdParties) Act 1999 No one is intended to have any benefitunder the contract pursuant to the Contract(Rights of Third Parties) Act 1999.



AMENDMENTS TOCOMMON AUCTIONCONDITIONS

Where The Royal Institution of CharteredSurveyors Common Auction Conditions (third

edition) (“CAC”) are to be construed in thecontext of an online auction and biddingsystem the CAC shall be varied as follows:

The following definitions in the CACGlossary shall be deleted andreplaced as follows:

AddendumAn amendment or addition to the conditionsor to the particulars or to both whethercontained in a supplement to the catalogue ora notice from the auctioneers on theauctioneers website.

AuctionThe auction for each lot advertised in thecatalogue which will take place online via theinternet, using the Uniform Resource Locator(URL) of on an ongoing basis.

Auctioneers The auctioneer will be John Pye & Sons LtdT/A John Pye Property & John Pye Auctions.

Buyer Means the person who has made the highestvalid bid once the auction has finished (takinginto account the application of the 3-minuterule) or, if applicable, that person’s personalrepresentatives: if two or more are jointly thebuyer their obligations can be enforced againstthem jointly or against each of themseparately.

CatalogueUnless otherwise stated this will take the formof online sales particulars, text, hypertext linksand associated imagery present upon thewebsite which shall be the catalogue to whichthe conditions refer including any supplement

to it.

Contract DateThe date that the auction has finished (takinginto account the application of the 3-minuterule) or, if the lot is not sold at the auction:

(a) the date of the sale memorandum is signedby both the seller and buyer; or

(b) if contracts are exchanged, the date ofexchange. If exchange is not effected inperson or by an irrevocable agreement toexchange made by telephone, fax or

electronic mail the date of exchange is thedate on which both parts have been signedand posted or otherwise placed beyondnormal retrieval.

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 which will either be in email form (where the lot is won at the auction) or written (where the lot is not sold at the auction).

You (and your)Someone who has a copy of the catalogue or who views the URL of or who is a bidder at the auction, whether or not a buyer.

The following definitions shall be added as new definitions in the CAC Glossary:

Anti-Money Laundering InformationMeans the provision of 2 pieces of identification for anti-money laundering purposes – these must include 1 piece of photo identification (a passport or driver’s licence for example) and a utility bill including the buyer’s/seller’s (as appropriate) home address which cannot be dated older than 3 months. We reserve the right to undertake an electronic money laundering check that will leave a soft record on file.

Buyer’s Payment10% of the price (minimum £6,000) which will be comprised of the buyer’s premium and the deposit.

Buyer’s PremiumMeans 2% of the price (minimum £3,600) inc. VAT payable to the auctioneers.

DepositMeans the sum of the buyer’s payment less the buyer’s premium.

Extra Auction Conduct ConditionsThe John Pye & Sons – Extra Auction Conduct Conditions for the participation and purchase of property by online auction, available at www.johnpye.co.uk/propertyterms.pdf and in the catalogue.

3-Minute RuleMeans the rule which stipulates that any person who bids online within the last 3 minutes of a specific lot closing time will instigate the automatic extension of the lot closing time by an additional 3 minutes and so on for any such subsequent bids until a winning bid is achieved.

The Auction Conduct Conditionsshall be varied as follows:Condition A2.1(f) shall be deleted and replacedwith:

“(f) treat a contract as repudiated if thebuyer fails to pay the buyer’s paymentand/or provide anti-money launderinginformation to us as required by theseauction conduct conditions”.

Condition A5.1 shall be deleted and replacedwith:

“A5.1 A successful bid is one we accept as such(normally when the auction time haselapsed with a winning bid). Thiscondition A5 applies to you if you makethe successful bid for a lot.”

Condition A5.3 shall be deleted and replacedwith:

“A5.3 Within 24 hours of the end of theauction, the successful bidder must:

(a) provide anti-money launderinginformation to us; and

(b) provide all information wereasonably need from you to enable us to

complete the sale memorandum; and

(c) pay the buyer’s payment in clearedfunds from an account held with anapproved financial institution, but we willnot accept the buyer’s payment and thebuyer will not be able to pay the buyer’spayment until the buyer has compliedwith condition A5.3(a).”

Condition A5.4(a) shall be deleted and replaced with:“(a) If you do not we may, as agent for the

seller, treat that failure as your repudiation of the contract and offer the lot for sale again: the seller mzay then have a claim against you for breach of contract and you will be banned from all future auctions.”

Condition A5.5(b) shall be deleted.

Condition A5.6 shall be deleted.

Condition A6 shall be deleted and replacedwith:

“A6 The Extra Auction Conduct Conditionsshall be incorporated into the auctionconduct conditions as if set out in full inthe auction conduct conditions.”

The General Conditions of Sale shall be varied as follows:Condition G2.1 shall be deleted.

Condition G2.2 shall be deleted and replacedwith:

“The deposit is to be held as stakeholderunless the auction conduct conditions providethat it is to be held as agent for the seller”

Condition G2.4 shall be deleted.

AMENDMENTS TO COMMONAUCTION CONDITIONS


JOHN PYE & SONS – EXTRAAUCTION CONDUCT CONDITIONSFOR THE PARTICIPATION ANDPURCHASE OF PROPERTY BYONLINE AUCTION

1. Interpretation1.1 The definitions in this clause and those

definitions set out in the CommonAuction Conditions apply in these ExtraAuction Conduct Conditions (‘Terms’):“Anti-Money Laundering Information”means the provision of 2 pieces ofidentification for anti-money launderingpurposes – these must include 1 piece of photo identification (a passport ordriver’s licence for example) and a utilitybill including the buyer’s/seller’s (asappropriate) home address which cannotbe dated older than 3 months; “Appointment” means the appointmentof JOHN PYE & SONS by the sellerpursuant to the Appointment Letter.“Appointment Letter” means the letterprepared by JOHN PYE & SONS, settingout the Services, the remunerationarrangements and other terms andconditions that form part of theAppointment.“CAC’s” means The Royal Institution of

Chartered Surveyors Common AuctionConditions (third edition).“Conditionally Refundable RegistrationFee” means the fee paid by the potentialbuyer upon Registration of either £2000or £500 as notified by JOHN PYE &SONS upon Registration.“JOHN PYE & SONS” means John Pyeand Sons Limited trading as John PyeProperty and John Pye Auctions.“Registration” means:(i) the payment by the potential buyerof the Conditionally RefundableRegistration Fee electronically in clearedfunds, or as otherwise notified by JOHNPYE & SONS in the registration process;(ii) the completion of the relevantregistration form by the potential buyer.“3-Minute Rule” means the rule whichstipulates that any person who bidsonline within the last 3 minutes of aspecific lot closing time will instigate theautomatic extension of the lot closingtime by an additional 3 minutes and soon for any such subsequent bids until awinning bid is achieved.

1.2 Headings do not affect the interpretationof these Terms.

1.3 The headings of these Terms do notform part of the Terms.

1.4 Reference to writing or written in theseTerms includes faxes and e-mail unlessotherwise notified by JOHN PYE &SONS.

1.5 If any of these Terms are inconsistentwith any other term of the CAC’s (asamended), these Terms shall prevail.

1.6 All lots entered for online auction aresubject to these Terms and (for theavoidance of doubt) the CAC’s.

1.7 All buyers and sellers acknowledge andagree that these Terms (and, for theavoidance of doubt, the CAC’s) arebinding upon them, and by the buyerscompleting Registration, and JOHN PYE& SONS accepting the sellers’ propertyfor auction, these Terms are deemedaccepted and incorporated into alldealings as between the relevant parties.

2. Entry into Auction2.1 JOHN PYE & SONS sell as agents for the

seller and as such are not responsible for

any default by seller.2.2 JOHN PYE & SONS reserve the right to

refuse to accept any Registration if anyof the elements of Registration are notacceptably completed. JOHN PYE &SONS reserve the right to refuse toaccept any Anti-Money LaunderingInformation in the event it is not satisfiedas to its authenticity or acceptability. Inthe event that the Anti-MoneyLaundering Information is notacceptable or provided, JOHN PYE &SONS will not (as applicable) send orsign the sale memorandum and the‘buyer’s payment will not be acceptedand in addition to the provisions of theCAC (as amended), the Buyer will losethe Conditionally RefundableRegistration Fee.

2.3 Unless otherwise agreed by JOHN PYE& SONS in writing, JOHN PYE & SONSwill not accept a lot without theinformation and documentation set outin its Appointment Letter.

3. Basis of Sale3.1 All lots are sold ‘as they lie’ with all faults

and imperfections and errors ofdescription. Illustrations in catalogues orbrochures are for identification only.Buyers should satisfy themselves prior tosale as to the condition of each lot andshould exercise and rely on their ownjudgment as to whether the lot accordswith its description. Neither JOHN PYE& SONS, their servants or agents will beresponsible for errors of description orfor the genuineness or authenticity ofany lot.

3.2 JOHN PYE & SONS has the right torevise and amend these Terms from timeto time to reflect changes in marketconditions affecting its business, changesin technology, changes in paymentmethods, changes in relevant laws andregulatory requirements and changes invarious systems’ capabilities.

4. Conduct of the Auction4.1 For the avoidance of doubt, the parties to

the contract of sale of the lot set on thecontract date are the buyer and the seller.

JOHN PYE & SONS is not a party to thecontract of sale and is not liable for anybreach thereof by either the buyer or theseller.

4.2 If a potential buyer is unsuccessful inbuying the lot they may recover theirConditionally Refundable RegistrationFee from JOHN PYE & SONS or, theymay request in writing that JOHN PYE &SONS keep the Conditionally RefundableRegistration Fee against future auctionswhich the potential buyer mayparticipate in, and make them aregistered ‘regular customer’ of JOHNPYE & SONS provided they adhere to bi-annual requests for identification.

4.3 Following the contract date, a buyer maychoose to recover their ConditionallyRefundable Registration Fee from JOHNPYE & SONS or, they may request inwriting that JOHN PYE & SONS keepthe Conditionally RefundableRegistration Fee against future auctionswhich the potential buyer mayparticipate in, and make them aregistered ‘regular customer’ of JOHNPYE & SONS provided they adhere to bi-annual requests for identification. ABuyer may not use their ConditionallyRefundable Registration Fee against theirdeposit or buyer’s premium.

4.4 Persons participate in the online auctionsat their own risk and, subject tocondition 6.2 below, neither the sellernor JOHN PYE & SONS will beindividually or collectively responsiblefor any loss or damage whatsoeveroccasioned to any person or propertydue to anything which may be present onthe auction site.

4.5 JOHN PYE & SONS shall have the right,at its discretion, to refuse participation inthe online auctions by any person.

4.6 The catalogue will be made available topotential buyers on JOHN PYE & SONSwebsite www.johnpye.co.uk/propertybefore the commencement of theauction.

4.7 Anti-Money Laundering Informationmust be presented by a successful buyerto JOHN PYE & SONS before theauction has commenced or within, butno later than, 24 hours of a successfulbid (further to the process notified toBuyers by JOHN PYE & SONS in thecatalogue and the Buyers guide). TheAnti-Money Laundering Information canbe presented to John Pye & Sons’ staff atone of their four primary hubs(Nottingham, Derby, Marchington orPark Royal, London). Alternatively,buyers may request their solicitors toprovide Anti-Money LaunderingInformation to John Pye & Sons. JohnPye & Sons reserve the right to refuseacceptance of any Anti-MoneyLaundering Information.

4.8 The 3-Minute Rule shall operate asnecessary during the online auction.

ONLINE PROPERTY AUCTIONTERMS AND CONDITIONS

5. Completion of purchase5.1 Immediately following the contract date,

and subject to the satisfaction of theprovisions of condition 4.7 above, JOHNPYE & SONS will send the buyer’spayment invoice to the buyer, and,subject to receipt of payment in clearedfunds, JOHN PYE & SONS will then thesale memorandum to the buyer, seller,the buyer’s solicitors (provided JOHNPYE & SONS are provided with suchdetails) and seller’s solicitors. Allrequired payments will be settled in fulland before the sale memorandum is sentto the buyer, seller and the buyer’ssolicitors and seller’s solicitors and willbe in sterling (GBP) by way of onlinepayment only through Sage Pay or asotherwise specified in the cataloguewithin 24 hours following issue of thebuyer’s payment invoice. All queries inrelation to methods of payment must bemade to JOHN PYE & SONS accountsdepartment and unless otherwise agreedby JOHN PYE & SONS, the timingrequired under these Terms for paymentis of the essence, and will under nocircumstances be adjusted further for afailure on the part of the buyer to makethe necessary enquiries and preparationsin order to pay the buyer’s premiumand/or price.

5.2 In respect of telegraphic transfers, theremitting bank must include the invoicenumber, and any other reference asshown in the catalogue, or as otherwisenotified by JOHN PYE & SONS.

6. Buyer’s Default6.1 If the buyer does not honour its

obligations for payment of the buyer’spayment then JOHN PYE & SONS asagents of the seller shall at its absolutediscretion and without prejudice to anyother rights it may have, be entitled toexercise the remedies set out in the CAC(as amended)as well as retain theConditionally Refundable RegistrationFee.

6.2 For the avoidance of doubt, nothing inthese Terms limits JOHN PYE & SONS’liability, nor, where applicable, theliability of the buyer or seller for:

(a) death or personal injury caused bynegligence; or

(b) fraud or fraudulent misrepresentation; or(c) any breach of the obligations implied by

section 12 of the Sale of Goods Act 1979or section 2 of the Supply of Goods andServices Act 1982; or

(d) losses for which it is prohibited bysection 7 of the Consumer ProtectionAct 1987 to limit liability; or

(e) any other matter for which it would beillegal or unlawful to exclude or attemptto exclude liability.

7. Data protection7.1 JOHN PYE & SONS will only use the

personal information provided to them toprovide the auction services, or to informbuyers and sellers about similar serviceswhich they provide, unless told by suchparties that they do not want to receivethis information by ticking the ‘opt out’box on the email you receive, or byticking the relevant box on the relevantweb page.

7.2 The buyers and sellers acknowledge andagree that JOHN PYE & SONS may passtheir details to credit reference agencies,solicitors and other third parties wherelegally required.

7.3 Within this clause, “Data Protection Act”means the Data Protection Act 1998 and“Data Controller”, “Data Processor” and“Personal Data” have the same meaningsas in that Act.

7.4 Where JOHN PYE & SONS is DataController and it permits access to thePersonal Data to the buyer (and/orseller) then the buyer (and/or seller) shallbe the Data Processor in respect of suchPersonal Data and shall comply with anyinstructions issued by JOHN PYE &SONS.

7.5 If any party is a Data Processor ofPersonal Data, that party shall:

7.5.1 only process Personal Data inaccordance with the requirements of theData Protection Act;

7.5.2 process Personal Data to the extent, andin such manner, as is necessary for theprovision of the auction services (In thecase of JOHN PYE & SONS) and/or itsobligations under these Terms or as isrequired by law or any regulatory body;

7.5.3 implement appropriate technical andorganisational measures to protectPersonal Data against unauthorised orunlawful processing and againstaccidental loss, destruction, damage,alteration or disclosure. These measuresshall be appropriate to the harm whichmight result from unauthorised orunlawful processing or accidental loss,destruction or damage to Personal Dataand to the nature of the Personal Datawhich is to be protected; and

7.5.4 not perform its obligations hereunder oras otherwise set out in these conditionsin such a way as to breach any of itsapplicable obligations under the DataProtection Act.

7.6 If the buyer or seller provides PersonalData of any third party to JOHN PYE &SONS, it shall ensure that it haspermission to provide the Personal Datafor JOHN PYE & SONS’s use inconnection with the auction.

8. General8.1 If any court or competent authority

decides that any of the provisions ofthese Terms are invalid, unlawful orunenforceable to any extent, the termwill, to that extent only, be severed fromthe remaining terms, which will continueto be valid to the fullest extent permittedby law.

8.2 If or to the extent that any of theseTerms (as amended from time to time inwriting by JOHN PYE & SONS) areTerms to which any of the provisions ofthe Unfair Contract Terms Act 1977 orthe Supply of Goods and Services Act1982 or any subsequent modification orre-enactment thereof apply then suchTerms shall be enforceable only to theextent permitted by those Acts or theirsubsequent modification or re-enactmentand these Terms shall be construedaccordingly.

8.3 If JOHN PYE & SONS fails, at any timewhile these Terms are in force, to insistthat the Seller and/or Buyer performtheir obligations under these Terms, or ifJOHN PYE & SONS does not exerciseany of its rights or remedies under theseTerms, that will not mean that JOHNPYE & SONS has waived such rights orremedies and will not mean that theseller and/or buyer does not have tocomply with those obligations. If JOHNPYE & SONS do waive a default by theseller and/or buyer that will not meanthat JOHN PYE & SONS willautomatically waive any subsequentdefault by the seller and/or buyer. Nowaiver by JOHN PYE & SONS of any ofthese Terms shall be effective unlessJOHN PYE & SONS expressly says thatit is a waiver and JOHN PYE & SONS tellthe buyer and seller so in writing.

8.4 A person who is not party to these Termsshall not have any rights under or inconnection with them under theContracts (Rights of Third Parties) Act1999.

8.5 These Terms shall be governed byEnglish law and JOHN PYE & SONS, theseller and the buyer all agree to theexclusive jurisdiction of the Englishcourts.

9. Online terms of participationand sale

9.1 The provisions of all Terms above applyto the sale of lots made throughwww.johnpye.co.uk (the “Website”), andto the extent that such adjustments inpractical application of the Terms arewarranted by virtue of the electronicmedium of participation in any givenauction, so such adjustments shall bedeemed made so to give full applicationto all relevant and applicable Terms.

9.2 All participants in the Website auctionswarrant that they are of legal age andlegally capable of entering into bindingcontracts.

ONLINE PROPERTY AUCTIONTERMS AND CONDITIONS


JOHN PYE & SONS LIMITED

Trading as:

- John Pye Auctioneers & Valuers- John Pye Corporate Asset

Management- John Pye Property- John Pye Auctions

James Shipstones HouseRadford RoadNottinghamNG7 7EA

Tel 0115 970 60 60

johnpye.co.uk

EAST MIDLANDS James Shipstones House Radford Road, Nottingham NG7 7EA

WEST MIDLANDS39-40 Marchington Industrial EstateUttoxeter, Staffordshire ST14 8LP

GREATER LONDONAlliance Court, Alliance Road, Park Royal, London W3 0RB

Head OfficeNottingham.

UK Auction HubsPrimary Asset Facilities.

Please note ‘John Pye Auctions’ and ‘John Pye Property’ are both trading names ofJohn Pye & Sons Ltd. Information is also available on www.johnpye.com © Copyright John Pye & Sons 2010 John Pye & Sons Ltd, Registered Office JamesShipstone House, Radford Road, New Basford, NOTTINGHAM. NG7 7FQ Registered Company Number 02564753

LONDON5 Old Bond Street, Mayfair,London, W1S