LOCAL EXPERTISE | NATIONAL COVERAGE

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GR O S V E N O R HO USE HO TE L , 86- 90 PA R K LA NE , LO NDO N W1K 7TN

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day one, London THURSDAy 10 DECEMBER 2015 at 2:00 pm

• NA VA

PROPERTY AUCTION CATALOGUE

ON HOUS

day two, birmingham WEDNESDAy 16 DECEMBER 2015 at 11:00 am THE L E G E ND S LO UNG E , B I R M I NG HA M CI Ty FO O TB A LL CLUB , ST AND R E W’S STA DI UM , B I R M I NG HA M B9 4NH

www.networkauctions.co.uk

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venue LoCations

grosvenor house hoteL

birmingham City footbaLL CLub

86-90 PARK LANE. LONDON W1K 7TN

ST ANDREW’S STADIUM, BIRMINGHAM B9 4NH

G W A R

VENETIA ROAD

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WATERY LANE

Heathrow Express at Paddington Station 3/4 mile

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GARRISON LANE

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BIRMINGHAM CITY FOOTBALL CLUB

ARTHUR ROAD

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A4540 WATERY LANE

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TILTON ROAD

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ST. ANDREW’S STREET

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Grosvenor House Hotel is located in Central London’s elegant Mayfair district, on world-famous Park Lane overlooking Hyde Park.

Birmingham City Football Club is located just outside the city centre and just off the A4540 Inner Circle ring road.

This 5-star hotel was first opened in 1929. It was meticulously restored to the highest standard before reopening as a JW Marriott hotel in 2008, and retains many historic touches, including the original Lutyens wrought-iron gates that lead into our elegant forecourt.

St Andrews Stadium has been the home of Birmingham City Football Club since 1906 and is a well-known Birmingham landmark. The Legends Lounge is a smart and comfortable venue and has been home to our auction saleroom since 2004.

Directions

Directions

nearest tube station: Marble Arch

nearest train stations: Birmingham New Street / Birmingham Moor Street

www.marriott.co.uk

www.bcfc.com

The hotel is approximately Midway between Marble Arch & Hyde Park Corner. The main entrance, however is on Park Street (between upper Grosvenor Street and Mount Street) which runs parallel to Park Lane in a one way direction towards Oxford Street.

Birmingham City Football Club is located a mile and a half from Birmingham city centre and is easily accessible from all major road routes and motorway networks. There is ample free parking in the club’s car park right outside the main entrance.

For more information on either auction date/venue, please contact us:

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

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www.networkauctions.co.uk

ORDeR OF SALe: DAY One, LOnDOn THURSDAY 10 DecembeR 2015 at 2:00 pm G r o sv e no r Ho u se H o te l , 86- 90 Pa r k la ne , lo ndo n W1k 7tn LOT ADDReSS

LOT ADDReSS

LOT ADDReSS

1

flat 3 aboyne, Waldron road, Harrow on the Hill, middlesex, Ha1 3ln

11 Plot 6, maypole road, maldon, essex, cm9 4ta

21 115 Pattiswick square, basildon, essex, ss14 2rd

2

19 souther cross, Good easter, chelmsford, essex, cm1 4rX

12 154a lancaster road, barnet, Hertfordshire, en4 8al

22 7 lascelles Gardens, rochford, essex, ss4 3bP

3

4a crayford Way, the Parade, crayford, dartford, kent, da1 4Ja

13 flat 9, 82a Holloway road, london, n7 8JG

23 37 drew street, brixham, devon, tQ5 9la

4

11 finchley road, Westcliff-on-sea, essex, ss0 8ad

5

flat 1, 1a Wellington square, Hastings, east sussex, tn34 1Pb

14 Plot 35, Granborough road, north marston, buckingham, buckinghamshire, mk18 3Pa

24 Plot 11, lot a4b, Home farm, Hulcote, towcester, northamptonshire, nn12 7bb

15 Plot 81, Hale street, east Peckham, tonbridge, kent, tn12 5Pd

25 land to the north of merrybook, evesham, Worcestershire, Wr11 2Qf

16 flat 1, 82a Holloway road, london, n7 8JG

26 14 Gordon road, Highcliffe, christchurch, dorset, bH23 5Hn

17 139 meadgate avenue, chelmsford, essex, cm2 7nH

27 Plot 6, new inns lane, rednal, birmingham, West midlands, b45 9af

18 69 chapel lane, High Wycombe, buckinghamshire, HP12 4bs

28 Plot 7, new inns lane, rednal, birmingham, West midlands, b45 9af

19 the victoria, 56 middlesbrough road, middlesbrough, cleveland, ts6 6lZ

29 56 friern Park, finchley, london, n12 9dP

6 7

flat 5, 1a Wellington square, Hastings, east sussex, tn34 1Pb Garden flat, 4b Grosvenor road, Watford, Hertfordshire, Wd17 2Qt

8

land adjoining 93 clarendon road, luton, bedfordshire, lu2 7PJ

9

river Parrett inn, 11 salmon Parade, bridgwater, somerset, ta6 5an

10 Plot 13, maypole road, maldon, essex, cm9 4ta

20 34 luscombe road, Paignton, devon, tQ3 3XW

ORDeR OF SALe: DAY TWO, bIRmInGHAm WeDneSDAY 16 DecembeR 2015 at 11:00 am bi r m inGHam city f o o tb al l club , st a ndr e W ’s sta di um , b i r m i nG Ha m b 9 4n H LOT ADDReSS

LOT ADDReSS

LOT ADDReSS

30 61 daisy street, bilston, Wolverhampton, Wv14 8QQ

39 401a Warwick road, tyseley, birmingham, West midlands, b11 2Jr

47 92 baltimore road, birmingham, Great barr, b42 1Qn

31 68 charnwood close, rubery, birmingham, b45 0JZ

40 401b Warwick road, tyseley, birmingham, West midlands, b11 2Jr

48 49 Gordon street, coventry, West midlands, cv1 3et

32 9 church street, bromsgrove, Worcestershire, b61 8dd

41 405a Warwick road, tyseley, birmingham, West midlands, b11 2Jr

33 42 & 48 Pennine road, bromsgrove, Worcestershire, b61 0te

42 409a Warwick road, tyseley, birmingham, West midlands, b11 2Jr

49 25 & 26 bridge street, stourport-on-severn, Worcestershire, dy13 8ur

34 116 & 118 Pennine road, bromsgrove, Worcestershire, b61 0tn

43 90-92 & 94-96 Worcester road and 10 oxford road, malvern, Worcestershire, Wr14 1ny

35 54, 64 & 66 Pennine road, bromsgrove, Worcestershire, b61 0te 36 78, 82 & 132 Pennine road, bromsgrove, Worcestershire, b61 0tG 37 1 Johns lane, tividale, oldbury, West midlands, b69 3HX 38 land adjacent to 87 addison road, birmingham, kings Heath, b14 7en

44 39 longmore road, shirley, solihull, West midlands, b90 3dZ

50 25 bridge street, stourport-on-severn, Worcestershire, dy13 8ur 51 26 bridge street, stourport-on-severn, Worcestershire, dy13 8ur

45 10 Whitmore avenue, Werrington, stoke-on-trent, staffordshire, st9 0lW 46 141 lordswood road, birmingham, Harborne, b17 9bl

1

ImPORTAnT nOTeS FOR AUcTIOn bIDDeRS These notes and the Conditions of Sale of each lot are available at the auctioneers’ office. Prospective buyers and their legal advisors should read them carefully. Both the auctioneers and their seller clients have taken all reasonable steps to ensure that the properties in this catalogue are fairly described and that every opportunity has been given to enable prospective buyers to make the necessary enquiries and investigations prior to the auction. Details of the seller’s solicitors are available upon request. Deposit: at auction the fall of the gavel creates a binding contract and we, as auctioneers, immediately require a deposit of 10% of the purchase price (subject to a minimum of £2,500). this deposit can be paid by cheque, banker’s draft or debit card. Payments by credit card or cash cannot be accepted

shown as a range of prices above which the reserve price will not be set, or as a single figure within 10% of which the reserve price will be set. both the guide price and reserve price can be subject to change at any time prior to the auction commencing. a reserve price is the minimum price at which the seller allows the auctioneers to sell the lot at. it remains confidential between the seller and the auctioneers.

Telephone, Proxy and Internet bidding: We are pleased to be able to offer remote bidding to anyone who is unable to attend the saleroom. remote bidding can be by telephone, proxy and at our london saleroom by internet. Please download and complete the remote bidding form that is available on our website. Please note this form must be delivered to our office no later than twenty four hours prior to the auction and must be accompanied by identification documents, the 10% deposit and the auctioneers’ administration fee. Prior Sales & Withdrawn Lots: Prospective buyers should contact us prior to the auction to confirm whether a lot has been sold or withdrawn. We and our clients shall not be responsible for any losses or abortive costs incurred by prospective buyers against lots that are withdrawn or sold prior to the auction. Definition of ‘Guide Price’ & ‘Reserve Price’: a guide price is an indication of the seller’s current minimum acceptable sale price. the guide price, or range of guide prices, is given to assist interested parties in deciding whether or not to pursue their interest. it is usual, but not always the case, that a provisional reserve price is set by the seller prior to the catalogue being published. as the reserve price may not be fixed at this stage, and can be adjusted by the seller at any time prior to auction, a guide price is published. this guide price can be

Particulars of Sale: bidders should check the particulars relating to any lot for which they intend to bid and ensure that they are satisfied with the accuracy of all measurements, areas, details, leases and other matters referred to in the particulars of the lot or the conditions of sale and all other matters subject to which the properties are sold or have the benefit of. bidders should check that any contents, fixtures or fittings described as included in the sale and are the property of the seller. this should be done by inspecting the property and by making the necessary enquiries with the auctioneers, the seller or the sellers’ solicitors. bidders should make all necessary searches and enquiries of appropriate bodies including local authorities and service providers. all measurements and areas referred to in the particulars are approximate. bidders will be considered to have inspected the relevant property and have made all necessary and appropriate enquiries and searches. Sale of Property & completion: bidders should note that a legally enforceable contract of sale of the relevant property on the terms set out in these notices and the general and special conditions of sale is created as soon as it has been ‘knocked down’ to the bidder by the auctioneer. completion is required twenty working days after the auction date, unless specified otherwise.

Administration charge: an administration charge of £750 + vat applies to each lot. this is paid by the buyer in the saleroom immediately after the lot has been ‘knocked down’. in the event of non-payment of the administration charge a deduction of £750 + vat will be made from the buyer’s deposit and this will need to be ‘made up’ by the buyer prior to completion. Legal Documents & Additional costs: it is essential that bidders check the legal documents prior to bidding and take professional advice. special conditions of sale can contain additional costs (that is costs over and above the price that the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding. Rents, Information Regarding Tenants & Price estimates: any estimates provided by the auctioneers regarding the price at which a property may be sold cannot be accepted by a buyer as advice or any form of valuation. any estimates or suggestions given by the auctioneers regarding current or future rental prices must not be relied upon as a valuation, but merely as estimates for guidance purpose only. Addendum & Auctioneer’s Announcements: amendments to the catalogue particulars or conditions of sale (addendum) will be displayed in the saleroom and will be read by the auctioneer at the commencement of the auction. addendum form part of the contract of sale and the addendum sheet may have to be signed by the buyer. bidders are deemed to be aware of any addendum and any other announcements made by the auctioneer, and bid subject to these. it is important therefore to arrive at the saleroom prior to the commencement of the auction.

NA_EiG Internet Viewing_NA_EiG Internet Viewing 31/05/2011 17:09 Page 1

Internet Viewing -

Additional Auction Service - Internet Viewing Visit www.eigroup.co.uk and select ‘Online Auctions’. Choose the auction and then ‘Viewing Gallery’. You will then see details of the lot being offered and can watch the bidding as it happens. It is not possible to bid using this service. The Essential Information Group Ltd

2

Tel: 0870 112 30 40

www.networkauctions.co.uk

IDenTIFIcATIOn DOcUmenTS Important Notice Money Laundering Regulations 2003 came into effect on the 1st March 2004. as a requirement under this legislation, any person buying or bidding at auction, must produce documentation to confirm their name and residential address. Please find below a schedule of acceptable documentation. you must provide one document from each list. Please note that a driving licence can be used as evidence for one or the other but not botH.

Identity Documents

evidence of Address

• Current signed Passport

• Local Authority tax bill (current year)

• Current full UK Photo Card driving licence

• A utility bill issued within the last 3 months

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

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

• Resident Permit issued by the Home office to eu nationals • Inland Revenue Tax Notification

• Bank Building Society or Credit union statement • Most recent original mortgage statement from a uk lender

• Firearms Certificate

PRe-AUcTIOn OFFeRS Pre-auction offers must be submitted in writing to the auctioneers’ office by letter or e.mail, including name, address, telephone number and details of solicitors. any pre-auction offer received is assumed to be a ‘best offer’ and no guarantee is given that there will be an opportunity to increase or review the offer should it not be accepted or should a better offer be received. Pre-auction offers can only be considered on the basis of an exchange of contracts prior to auction with a 10% deposit and payment of the auctioneers’ administration fee. if an offer is accepted the lot will not be withdrawn from the catalogue or advertising programme until exchange of contracts has taken place.

cATALOGUe mAILInG LIST Printed Catalogues

Email

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

Title (mr / mrs / ms) .......................................................................................................

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

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Website

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

Surname..................................................................................................................... Address .....................................................................................................................

a Pdf of the catalogue can be downloaded in full from the network auctions website approximately 3 weeks prior to the auction. this service is free of charge.

..................................................................................................................................... Tel no. ........................................................................................................................ mobile ........................................................................................................................

133 the Parade, Watford, Hertfordshire Wd17 1na

3

LOT

1

GUIDE PRICE:

HARROW ON THE HILL

FLAT 3 ABOYNE, WALDRON ROAD, MIDDLESEX, HA1 3LN

£310,000+

By order of the executor

An 2 double bedroom/2 bathroom conversion flat within an attractive building, vacant. Description/Location: Situated just a short walk from Harrow on the Hill's High Street and Harrow train station (0.6miles). A spacious second floor 2 double bedroom flat (721 sq/ft, source EPC) with en-suite bathroom to the main bedroom as well as a separate bathroom. The property also benefits from a share of freehold and a parking space to the rear. Accommodation: Second Floor: Entrance hall, large living room with open plan kitchen, bedroom with en-suite bathroom, 2nd bedroom, bathroom. Outside: Parking space to the rear. Energy Rating : D/62. Tenure: Share of freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Harrow Council 020 8863 5611 www.harrow.gov.uk

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

LOT

2

CHELMSFORD

GUIDE PRICE:

19 SOUTHER CROSS, GOOD EASTER, ESSEX, CM1 4RX

£200,000 - £210,000

A 2 bedroom freehold house requiring refurbishment, vacant. Description/Location: The property is situated in a sought after village and provides attractive views across farmland to the rear. The house would benefit from refurbishment and provides potential for extension subject to the usual consents. Accommodation: Ground Floor; Entrance hall and cloakroom / wc, living room, kitchen. First Floor: Landing, 2 double bedrooms, bathroom. Outside: Front garden and parking, rear garden 110ft. Energy Rating: D/61 Tenure: Freehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk

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

LOT

3

GUIDE PRICE:

DARTFORD

4A CRAYFORD WAY, THE PARADE, CRAYFORD, KENT, DA1 4JA

£50,000+

Current Rental Value: £4200 pa rising to £4750 from 25/12/2016

A freehold commercial investment (approximately 400 sq ft built area, source lease plan) comprising a single storey retail unit and forecourt, development potential, let producing £4200 pa. Description/Location: Ideally situated in a predominantly residential location close to the town centre and Crayford Station (zone 6, 0.4 miles). St Paulinas School and Haberdasher Aske's Academy are nearby. Let to Allergy UK (the seller advises they have been in occupation since 1996 and that the lease is contracted out of the Landlord & Tenant Act 1954 ) for 5 years from 25/12/2014 at a current rent of £4400 pa rising to £4750 pa from 25/12/2016. The property has potential for alternative commercial use and residential development subject to the usual consents. Accommodation: Ground Floor: Trade area, kitchen and staff area, cloakroom / wc. Outside: Forecourt. Energy Rating: EPC commissioned Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: London Borough of Bexley 01322 524682 www.bexley.gov.uk Auctioneers Note: on the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay £1200 including VAT to the auctioneer as a contribution towards the sellers costs.

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

LOT

4

WESTCLIFF-ON-SEA

11 FINCHLEY ROAD, ESSEX, SS0 8AD

GUIDE PRICE: £135,000+

Potential rental : £9,000 pa

A 2 bedroom ground floor flat situated in a popular residential location, vacant Description/Location: The property is situated in a residential road in Westcliff on Sea, approximately 0.3 miles from Westcliff railway station and would make an excellent rental investment, we estimate the current rental value is 750 pcm. The property is fitted with gas heating via radiators and double glazing. Accommodation: Ground floor: Entrance hall, lounge, kitchen, 2 bedrooms, bathroom. Tenure: Leasehold for 99 years from 1984 - approximately 68 years remaining. To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Southend on Sea Borough Council 01702 215000 www.southend.gov.uk

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

LOT

5

HASTINGS

FLAT 1, 1A WELLINGTON SQUARE, EAST SUSSEX, TN34 1PB

GUIDE PRICE: £40,000 - £45,000

Current Rental Value: £3960 pa Estimated Rental Value: £4800 pa

A well presented, ground floor studio flat let on an AST. Description/Location: Ideally situated close to the town centre and seafront, Hastings Station 0.3 miles. The flat is currently let on an AST producing £330 pcm, we believe there is scope to increase the rent in line with market rates to £400 pcm. Accommodation: Ground Floor: Communal entrance, dual aspect living room, kitchen area, shower room. Energy Rating: G/13 Tenure: Leasehold: New 99 year lease from completion. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Hastings Borough Council 01424 781066 www.hastings.gov.uk

LOT

6

HASTINGS

FLAT 5, 1A WELLINGTON SQUARE, EAST SUSSEX, TN34 1PB

GUIDE PRICE: £35,000 - £40,000

Estimated Rental Value: £4800 pa.

Ideal for investment or occupation, a second floor studio flat with sea views, vacant. Description/Location: The flat is situated in an attractive building close to the town centre and sea front and benefits from sea views. Accommodation: Second Floor: Communal entrance, front door to hallway, living room, kitchenette and shower area, non-self contained wc. Energy Rating: F/30 Tenure: Leasehold - new 99 year lease from completion. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Hastings Borough Council 01424 781066 www.hastings.gov.uk

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

LOT

7

GUIDE PRICE:

WATFORD

GARDEN FLAT, 4B GROSVENOR ROAD, HERTFORDSHIRE, WD17 2QT

£185,000+

A ground floor maisonette (share of freehold) with cellar and private garden requiring refurbishment, development potential, vacant. Description/Location: Ideally situated in a sought after residential location between the town centre and Junction Station with potential to create additional accommodation utilising the cellar. Accommodation: Ground Floor: Front door to entrance hall, living room with stairs down to cellar (window and 6ft+ ceiling height), kitchen, bathroom, double bedroom with door to private garden. Outside: Private garden to the rear. Tenure: Shared freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Watford Borough Council 01923 226400 www.watford.gov.uk

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

LOT

8

GUIDE PRICE:

LUTON

LAND ADJOINING 93 CLARENDON ROAD, BEDFORDSHIRE, LU2 7PJ

£49,000+

A freehold site of 0.05 acres with lapsed planning consent for the erection of a 2 bedroom detached bungalow, vacant. Description/Location: The property is situated in a sought after residential location just off Old Bedford Road, Luton station 0.4 miles. Planning was granted by Luton Borough Council Ref: 10/00039/FUL on 01/04/2010 and lapsed in 2013 with access across land facing Wenslydale which is not included in this title. We believe there is an opportunity to reinstate or upgrade the planning consent utilising the accessway leading into Clarendon Road across which the land has the benefit of a right of way. Accommodation: Proposed Accomodation: Entrance hall, living room and kitchen, 2 bedrooms, bathroom, gardens and parking. Tenure: Freehold, vacant. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Luton Borough Council Telephone: 01582 546000 | www.luton.gov.uk

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

LOT

9

GUIDE PRICE:

BRIDGWATER

RIVER PARRETT INN, 11 SALMON PARADE, SOMERSET, TA6 5AN £175,000+

A vacant freehold public house Description/Location: The property is situated close to the town centre and comprises a ground floor pub with living accommodation above and an enclosed beer garden and single storey skittle alley to the rear. Accommodation: Ground Floor Public bar with server, pool room, kitchen, beer cellar, male & female w.c.'s, skittle alley. Living Accommodation A ground floor lobby provides access to the kitchen and staircase to first floor landing which has been previously used as a kitchenette. Access to living room, 2 double bedrooms, bathroom. Outside Beer garden to the rear. Energy Rating : D/100 Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Sedgmoor District Council 01278 435435 www.sedgmoor.gov.uk VAT IS APPLICABLE TO THIS LOT

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

LOCAL EXPERTISE | NATIONAL COVERAGE

OUR

PARTNER

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Goodchilds Network Auctions Sutton Coldfield B74 4AA Tel: 0121 323 4691 www.goodchilds-uk.com Goodchilds Network Auctions Tamworth B79 7HL Tel: 01827 54156 www.goodchilds-uk.com Goodchilds Network Auctions Telford TF1 1DG Tel: 01952 701019 www.goodchilds-uk.com Goodchilds Network Auctions Walsall WS3 2EX Tel: 01922 711444 www.goodchilds-uk.com Goodchilds Network Auctions Wednesbury SW10 7HQ Tel: 0121 506 7670 www.goodchilds-uk.com Goodchilds Network Auctions Wednesfield WV11 1SP Tel: 01902 305044 www.goodchilds-uk.com Goodchilds Network Auctions Wolverhampton WV1 1TX Tel: 01902 267111 www.goodchilds-uk.com Grey & Co Network Auctions Wembley HA0 2AF Tel: 020 8903 3909 www.greyandco.net Grey & Co Network Auctions Wembley Park HA9 9JS Tel: 020 8904 1235 www.greyandco.net Haarer & Motts Network Auctions Devon TQ1 3HP Tel: 01803 322557 www.haarerandmotts.co.uk Haigh Network Auctions Bristol BS6 7PY Tel: 0117 973 5889 www.haighandsons.co.uk Hartwell Network Auctions Aylesbury HP20 2LD Tel: 01296 710200 www.hartwellpartnership.co.uk Hill & Clark Network Auctions Boston PE21 7TQ Tel: 01205 352019 www.hillandclark.co.uk

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

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

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

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

Lettings & Sales Network Auctions Birmingham B23 6LT Tel: 0121 603 2727 www.lettings-sales.com Marshalls Network Auctions Royston SG8 9LD Tel: 01763 247788 www.marshallsproperties.co.uk Olive Branch Network Auctions Canary Wharf E14 Tel: 020 8269 2469 www.olivebranchestate.co.uk Pennycuick Collins Network Auctions Birmingham B16 8PE Tel: 0121 456 1700 www.pennycuick.co.uk Power Bespoke Network Auctions Reigate RH2 9RJ Tel: 01737 246777 www.powerbespoke.co.uk Property Hub Network Auctions Harrow HA0 3HS Tel: 020 8903 1002 www.propertyhubltd.com Quay Living Network Auctions Poole BH5 1EG Tel: 01202 683444 www.quayliving.co.uk Queens Park Network Auctions London NW6 6NH Tel: 020 7372 5950 www.queensparkrealestates.co.uk Richard Godsell Network Auctions Christchurch BH23 1BW Tel: 01202 499466 www.richardgodsell.com

Roberts Newby Network Auctions Chalfont St Giles HP8 4QF Tel: 01494 871991 www.robertsnewby.com Roberts Newby Network Auctions Gerrards Cross SL9 8PJ Tel: 01753 891188 www.robertsnewby.com Shaw & Co Network Auctions Hayes UB4 0RW Tel: 020 8561 6888 www.shawandcoestates.com Shaw & Co Network Auctions Hounslow TW5 0LH Tel: 020 8570 7258 www.shawandcoestates.com SIA Network Auctions Brighton, West Sussex Tel: 01273 636545 www.siagroup.co.uk St. Quintin Property Group Network Auctions Ferndown BH22 9HZ Tel: 01202 877123 www.stqpropertygroup.co.uk Surelock Network Auctions Birmingham B25 8AQ Tel: 0121 400 7980 www.surelockhomes.co.uk Thurman Rye Network Auctions Southampton SO31 5DG Tel: 023 8045 8054 www.thurmanrye.co.uk Tudor Network Auctions Southend on Sea SS2 6NE Tel: 01702 346818 www.trustintudor.co.uk/auctions Woodland Network Auctions Ilford IG1 4TD Tel: 020 8554 5544 www.woodlandltd.co.uk

www.networkauctions.co.uk

To find out more about selling property at auction or to discuss becoming an auction partner please contact us. 30

020 7871 0420 | [email protected]

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10

MALDON

PLOT 13, MAYPOLE ROAD, ESSEX, CM9 4TA

GUIDE PRICE:

NO RESERVE No Reserve By order of the executors

A freehold parcel of land (0.15 acres / 6546 sq ft, source title plan), vacant. Description/Location: The land is situated near to Maypole Road between Heybridge and Wycombe Bishops, speculative future development potential subject to planning. Tenure: Freehold with vacant possession Enquiries: Please contact Network Auctions on 020 7871 0420 Local Authority: Maldon District Council 01621 854477 maldon district council On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

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11

MALDON

PLOT 6, MAYPOLE ROAD, ESSEX, CM9 4TA

GUIDE PRICE:

NO RESERVE No Reserve By order of the executors

A freehold parcel of land (0.09 acres / 4038 sq ft), vacant. Description/Location: The land is situated near to Maypole Road between Heybridge and Wycombe Bishops, speculative future development potential subject to planning. Tenure: Freehold with vacant possession Enquiries: Please contact Network Auctions on 020 7871 0420 Local Authority: Maldon District Council 01621 854477 maldon district council On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

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

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12

BARNET

GUIDE PRICE:

154A LANCASTER ROAD, HERTFORDSHIRE, EN4 8AL

£225,000+

Estimated Rental Value: £15,000 pa

A 2 bedroom first floor flat that has been completely refurbished, ideal for occupation or rental investment, vacant. Description/Location: The property is situated in a popular residential location at the junction of Lancaster Road and Longmore Avenue, Cockfosters tube 1 mile, New Barnet station 0.4 miles. Features include wooden floors, gas heating via radiators and double glazed windows. We estimate the current rental value is £1250 pcm. Accommodation: First Floor: Entrance hall, sitting room, kitchen, bathroom, 2 bedrooms. Tenure: Leasehold with vacant possession. To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: London Borough of Barnet 020 8359 2000 www.barnet.gov.uk

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

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13

GUIDE PRICE:

LONDON

£140,000+

FLAT 9, 82A HOLLOWAY ROAD, N7 8JG

Current Rental Value: £6000 pa

A top floor studio flat, let on an AST producing £6000 pa. Description/Location: The property is situated in central London close to the exclusive shops and restaurants of Highbury and Islington, London Metropolitan University is within 0.2 miles, Highbury & Islington tube 0.3 miles. The flat is currently let on an AST (now periodic) producing £500 pcm, we estimate the current rental value is £800 pcm. Accommodation: A top floor studio apartment comprising, studio room, kitchen, bathroom. Tenure: Leasehold To View: Please contact Fairview International Network Auctions on 0203 011 0177 Local Authority: Islington council 020 7527 2000 www.islington.gov.uk

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14

BUCKINGHAM

PLOT 35, GRANBOROUGH ROAD, NORTH MARSTON, BUCKINGHAMSHIRE, MK18 3PA

GUIDE PRICE:

NO RESERVE No Reserve

A freehold parcel of land (0.065 acres / 2864 sq ft, source title plan), vacant. Description/Location: The land is situated to the east of residential dwellings at Elmers Meadow with potential for storage / agricultural use and a speculative opportunity for future development subject to planning. Tenure: Freehold, vacant possession. Enquiries: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Aylesbury Vale District Council 01296 585858 www.aylesburyvaledc.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

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

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15

TONBRIDGE

PLOT 81, HALE STREET, EAST PECKHAM, KENT, TN12 5PD

GUIDE PRICE:

NO RESERVE No Reserve

A freehold parcel of land (0.069 acres / 3015 sq ft, source title plan), vacant. Description/Location: The land is situated to the north of Whitebine Gardens and Henham Gardens and south of Hale Street. Potential for storage and agricultural uses and speculative future development potential subject to planning. Tenure: Freehold, vacant possession. Enquiries: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Tonbridge & Malling District Council 01732 844522 www.tmbc.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

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16

LONDON

FLAT 1, 82A HOLLOWAY ROAD, N7 8JG

GUIDE PRICE: £295,000+

Estimated Rental Value: £15,000 pa

A 1 bedroom first floor flat situated in a central location, ideal for occupation or rental investment, vacant. Description/Location: The property is situated in central London close to the exclusive shops and restaurants of Highbury and Islington, London Metropolitan University is within 0.2 miles, Highbury & Islington tube 0.3 miles. We estimate the current rental value is £1250 pcm. Accommodation: First Floor: Entrance hall, sitting room, kitchen and utility room, bedroom, bathroom. Energy Rating: D/69 Tenure: Leasehold for 122 years from 14/05/2015. To View: Please contact Fairview International Network Auctions on 0203 011 0177 Local Authority: Islington council 020 7527 2000 www.islington.gov.uk

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

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17

CHELMSFORD

139 MEADGATE AVENUE, ESSEX, CM2 7NH

GUIDE PRICE: £115,000+

Estimated Rental Value: £7200 pa

A 1 bedroom purpose built ground floor flat (516 sq ft, source EPC) requiring refurbishment, vacant. Description/Location: The property is situated in a popular residential location, Chelmsford Station 1.2 miles. The flat provides UPVC double glazing and gas heating via radiators but will benefit from cosmetic refurbishment. An ideal first time buy or rental investment. Accommodation: Ground Floor: Hall, living room, kitchen, double bedroom, lobby, bathroom and separate wc. Outside: Communal gardens. Energy Rating: C/70 Tenure: Leasehold: 125 years from 1989, ground rent £150 pa. To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Chelmsford City Council 01245 606606 www.chelmsford.gov.uk

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

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18

GUIDE PRICE:

HIGH WYCOMBE

69 CHAPEL LANE, BUCKINGHAMSHIRE, HP12 4BS

£305,000+

3 Bedroom detached house requiring modernisation. Vacant. Description/Location: Situated to the west of High Wycombe's town centre, a 3 bedroom detached house requiring modernisation, with a large rear garden (total grounds of approx. 0.14 acres). The property would be suitable for extension to the rear or potential redevelopment subject to planning. Accommodation: Ground Floor Entrance hall, living room, dining room, kitchen. First Floor 3 bedrooms. Outside Large rear garden. Tenure: Freehold To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Wycombe District Council 01494 461000 www.wycombe.gov.uk

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

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19

MIDDLESBROUGH

THE VICTORIA, 56 MIDDLESBROUGH ROAD, CLEVELAND, TS6 6LZ

GUIDE PRICE: £45,000+

A vacant freehold public house (4284 sq ft source EPC) with planning permission to convert to 10 flats Description/Location: A 3 storey detached former public house available with vacant possession. Planning permission was passed by Redcar & Cleveland Borough Council on January 26th 2015 (Planning Ref No. R/2014/0667/FFM) for conversion of the existing building to 5 x 2 bedroom flats & 5 x 1 bedroom flats. Accommodation: Existing Accommodation Comprising ground, first and second floors. Proposed Accommodation Ground Floor: 3 x 2 bedroom flats, ground floor level of Flat 4, (a 2 bedroom flat with accommodation on ground & first floors). First Floor: 1 x 2 bedroom flat, 2 x 1 bedroom flat, first floor accommodation for Flat 4. Second Floor 3 x 1 bedroom flats. Tenure: Freehold To View: Please contact Elliott Network Auctions on 01923 240420 Local Authority: Redcar and Cleveland Borough Council 01642 774774 www.redcar-cleveland.gov.uk

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

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20

PAIGNTON

34 LUSCOMBE ROAD, DEVON, TQ3 3XW

GUIDE PRICE: £225,000+

A 3-4 bedroom detached bungalow occupying a generous plot with 2 driveways and an adjoining garage. Offering versatile accommodation and the scope to extend subject to planning, vacant. Description/Location: Well planned and spacious accommodation with double glazing and central heating. Located just off the A380 providing good access to Plymouth and Exeter with Paignton town centre approx. 1 mile. Accommodation: Ground floor: Entrance hall, cloakroom, lounge, kitchen, dining area, 3 bedrooms, utility/bedroom 4, bathroom. Outside: A good level frontage with 2 driveways allowing space for caravan/boat, one of which leads to an attached garage with inspection pit. The rear garden is mainly laid to lawn. Tenure: Freehold with vacant possession. To View: Please contact Taylors Estate Agents on 01803 663561 Local Authority: Torbay Council 01803 201201 www.torbay.gov.uk

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

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21

BASILDON

115 PATTISWICK SQUARE, ESSEX, SS14 2RD

GUIDE PRICE: £75,000 - £80,000

Estimated Rental Value: £7,200 pa.

A ground floor studio flat, ideal buy to let investment, vacant Description/Location: A ground floor, purpose built studio flat located in the popular residential area of Fryens with double glazing and gas central heating. We estimate the current rental value is £600 pcm. Accommodation: Ground floor: : Entrance hall, living/bedroom area, kitchen, bathroom, communal gardens. Tenure: Leasehold : 125 year lease from October 2004 at a ground rent of £10 per annum. To View: Please contact Balgores Network Auctions on 01268 271110 Local Authority: Basildon Council 01268 294949 www.basildon.gov.uk Auctioneers Note: On the fall of the gavel and in addition to their deposit the buyer will pay to the auctioneer the sum of £600 including VAT by way of contribution towards the sellers auction costs.

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

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22

ROCHFORD

7 LASCELLES GARDENS, ESSEX, SS4 3BP

GUIDE PRICE:

£200,000 - £210,000

A 2 bedroom detached bungalow in need of modernisation, development potential, vacant. Description/Location: The property is situated in a popular residential area with a 60ft south facing garden, off street parking and carport. Convenient for local amenities and being approx. 1.4 miles from Rochford Mainline station. The property provides scope to extend subject to the usual planning conditions. Accommodation: Ground floor: Entrance hall, lounge/diner, two bedrooms, kitchen, shower room, sun room. Outside: South backing garden, front garden, car port, off street parking. Tenure: Freehold with vacant possession To View: Please contact Tudor Network Auctions on 01702 346818 Local Authority: Rochford District Council 01702 546366 www.rochford.gov.uk

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

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23

GUIDE PRICE:

BRIXHAM

Refer

37 DREW STREET, DEVON, TQ5 9LA

A freehold building requiring refurbishment and repair. Description/Location: Situated in a residential area with strong demand for rental accommodation. We are advised that the side elevation was let as an advertising hoarding at £40 per week. Tenure: Freehold To View: Please contact Charles Darrow on 01626 330022

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

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24

TOWCESTER

GUIDE PRICE:

NO RESERVE No Reserve

PLOT 11, LOT A4B, HOME FARM, HULCOTE, NORTHAMPTONSHIRE, NN12 7BB

A freehold parcel of land (0.05 acres / 2239 sq ft, source - title plan), vacant. Description/Location: The land is situated east of the A43 and opposite the junction with Northampton Road. Potential for storage and agricultural type uses with speculative potential for future development subject to planning. Tenure: Freehold - vacant possession. Enquiries: Please contact Elliott Network Auctions on 01923 240420 Local Authority: South Northamptonshire Council 01327 322322 www.southnorthants.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

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25

GUIDE PRICE:

EVESHAM

LAND TO THE NORTH OF MERRYBOOK, WORCESTERSHIRE, WR11 2QF

NO RESERVE No Reserve

Freehold Land of approx 0.8 acres (coloured yellow on the plan). Description/Location: Freehold land of approx. 0.8 acres situated to the north of Merrybrook, Evendene Road and Highfield Road adjacent to existing urban development. Evesham is a market town roughly equidistant between Worcester, Cheltenham and Stratfordupon-Avon. Tenure: Freehold Enquiries: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: Worcestershire County Council 01905 763763 www.worcestershire.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

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

Secured loans

Residential mortgages

Nick Jones

Tracey Bailey

Bridging finance

All together now.

Buy-to-let and commercial mortgages Irene Thomas

Chris Baguley

If you liked us as Auction Finance, you’re going to love us as Together. As a group, we’ve been lending for over 40 years and we’re able to help with bridging finance, residential mortgages, secured loans, commercial and buy-to-let mortgages. There’s a new name and still the same expert knowledge available in person at auctions up and down the country. Good property doesn’t hang around, so neither will we when it comes to securing your funding. People, not computers make our lending decisions. It’s just common sense.

For fast, flexible auction finance call the auction team on 0161 933 7155 For other products visit togethermoney.com For professional use only. Together is a trading style of Auction Finance Limited. Auction Finance Limited is registered in England and Wales Company Registration Number 04949929. Registered office address: Lake View, Lakeside, Cheadle, Cheshire SK8 3GW.

Auction finance Scott Hendry

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26

GUIDE PRICE:

CHRISTCHURCH

14 GORDON ROAD, HIGHCLIFFE, DORSET, BH23 5HN

£350,000 - £380,000

By order of the executors

A freehold detached bungalow requiring refurbishment occupying a site of 0.4 acres, development potential, vacant. Description/Location: The property is situated in the centre of Highcliffe with easy access to the cliff top and beach, Hinton Admiral station 1 mile. The site provides potential for development and the opportunity to create more dwellings subject to planning. Accommodation: Ground Floor: Entrance hall, living room, kitchen and utility room, 3 bedrooms, bathroom. Outside: The property is set back from the road with extensive gardens and several outbuildings. Tenure: Freehold To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Christchurch Borough Council 01305 251000 www.dorsetforyou.gov.uk

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

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27

GUIDE PRICE:

BIRMINGHAM

PLOT 6, NEW INNS LANE, REDNAL, WEST MIDLANDS, B45 9AF

NO RESERVE No Reserve

A freehold site of 0.21 acres / 9422 sq ft), vacant. Description/Location: The land is situated between Gunner Lane and New Inns Lane, speculative future development potential subject to planning. Tenure: Freehold, vacant. Enquiries: Please contact Network Auctions on 020 7871 0420 Local Authority: Birmingham City Council 0121 303 1111 www.birmingham.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

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28

BIRMINGHAM

GUIDE PRICE:

PLOT 7, NEW INNS LANE, REDNAL, WEST MIDLANDS, B45 9AF

NO RESERVE No Reserve

A freehold parcel of land (0.13 acres / 5330 sq ft), vacant. Description/Location: The land is situated between Gunner Lane and New Inns Lane, speculative future development potential subject to planning. Enquiries: Please contact Network Auctions on 020 7871 0420 Local Authority: Birmingham City Council 0121 303 1111 www.birmingham.gov.uk On the fall of the gavel and in addition to the deposit and buyers administration fee the buyer will pay the auctioneer £600 including VAT as a contribution towards the sellers auction costs.

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

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29

LONDON

56 FRIERN PARK, FINCHLEY, N12 9DP

GUIDE PRICE: £350,000+

Current Rental Value: £14,400 pa

A well presented 2 bedroom, ground floor maisonette (646 sq ft, source EPC) with private gardens and off street parking, let on an AST producing £14,400 pa. Description/Location: Situated in a sought after residential location, Woodside Park underground station 0.6 miles, West Finchley 0.8 miles. The property is let on an AST for 3 years from 07/09/2013 at a rent of £1200 pcm and provides gas heating via radiators, double glazing and a modern fitted kitchen and bathroom. There are gardens to the front and rear with a secure parking space to the rear with electric gates proving access to Northwood Gardens. Accommodation: Ground Floor: Front door to entrance hall, living room, kitchen, 2 double bedrooms, bathroom. Outside: Private gardens to the front and rear, parking to the rear with electric gate access. Energy Rating: D/67 Tenure: Leasehold - 218 years from 29/09/1958 To View: Please contact Elliott Network Auctions on 020 7871 0420 Local Authority: London Borough of Barnet 020 8359 2000 www.barnet.gov.uk

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

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29A

SOUTHAMPTON

38 LINCOLN COURT, HAMPSHIRE, SO15 7PY

GUIDE PRICE: £120,000+

Estimated Rental Value: £9600 pa

By order of the mortgagees in possession.

A 2 bedroom first floor flat (678 sq ft, source EPC) requiring refurbishment with a garage to the rear, vacant. Description/Location: The property is situated in the sought after Upper Shirley area and opposite Southampton Common open space, the University of Southampton Campuses at Highfield and Avenue and University Hospital are nearby. Accommodation: First Floor: Front door to entrance hall, living room, kitchen, 2 bedrooms, bathroom. Outside: Garden, garage to the rear. Energy Rating: D/58 Tenure: Leasehold for 999 years from 01/07/1974 To View: Please contact Network Auctions on 020 7871 0420 Local Authority: Southampton City Council 023 8083 3000 www.southampton.gov.uk

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

DAY TWO: BIRMINGHAM WEDNESDAY 16 DECEMBER 2015 at 11:00 am t he l e ge n ds lo ung e , birmin g ha m city footba ll club, s t an dr e w ’s sta dium, birming ha m b9 4 nh

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

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30

GUIDE PRICE:

BILSTON

61 DAISY STREET, WOLVERHAMPTON, WV14 8QQ

£45/50,000

Freehold Three Bedroom Semi Detached House Status: Vacant Possession. Location: The property is situated on Daisy Street opposite its junction with Fieldview Close. The property is around 0.6 of a mile from Coseley Railway Station and around 1.4 miles south of Bilston town centre and the Black Country Route. Description: The property is a traditionally styled semi detached house in a well established residential area. The property benefits from gas radiator central heating and double glazing and is in need of some repair. There is a driveway to the front offering off-road parking space. Accommodation: Ground Floor: Fully enclosed porch, entrance hall, front reception room, dining kitchen. First Floor: Landing, three bedrooms, bathroom. Outside: The front garden provides parking space and there is a good size rear garden with a paved patio. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

© Crown copyright and database rights 2015 OS 100047514

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

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31

GUIDE PRICE:

BIRMINGHAM

£90,000

68 CHARNWOOD CLOSE, RUBERY, B45 0JZ

A 3 Bedroom Town House - Freehold Status: Vacant Possession. Location: Charnwood Close is a cul-de-sac off Holly Hill Road which can be approached from Frogmill Road. The property is around 1.5 miles from Northfield town centre and occupies a pleasant position on Birmingham's south western fringe. Description: 68 Charnwood Close is a mid town house residence offering both gas radiator central heating and double glazing. The property would be an excellent letting investment and the auctioneers estimate its rental value is around £600 per month (£7,200 per annum). Accommodation: Ground Floor: Entrance hall, lounge, breakfast kitchen (with patio doors to rear garden). First Floor: Landing, 3 bedrooms, bathroom with shower. Gardens: There are lawned gardens to both front and rear. Parking: There are parking bays in Charnwood Close. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

© Crown copyright and database rights 2015 OS 100047514

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

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32

GUIDE PRICE:

BROMSGROVE

9 CHURCH STREET, WORCESTERSHIRE, B61 8DD

£100/110,000

Freehold Commercial/Residential Investment Location: The property is within the pedestrian shopping area of Bromsgrove town centre between Crown Close and High Street. There are extensive parking facilities close to the town centre, including at Asda which is around two minutes' walk. Description: The property is a prominently positioned three storey freehold building that comprises a retail shop to the ground floor and a self contained flat to both the first floor and second floor. The shop is let to Cheque Centres Ltd on a ten year lease from 4th April 2012 at a rent of £12,000 per annum. The lease provides for a rent review on 4th April 2017 and there is a 'break clause' in the tenant's favour on 4th April 2017 (subject to the tenant serving notice six months prior). The rent is demanded monthly and paid reliably. The first floor flat is known as Flat 1, 9 Church Street and the second floor flat is known as Flat 2, 9 Church Street. Flat 1 is subject to a lease for a term of 85 years from 14/11/1980 and Flat 2 is subject to a lease for a term of 85 years from 1/1/1980 at ground rents of £25 per annum. The unexpired terms of the leases are therefore around 50 years for Flat 1 and around 49 years for Flat 2. The two lessees have the right to extend their leases by 90 years subject to payment of a suitable premium to the freeholder. Total income is currently £12,050 per annum. Tenure: Freehold.

© Crown copyright and database rights 2015 OS 100047514

Completion: Completion is required twenty working days after exchange of contracts.

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

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33

GUIDE PRICE:

BROMSGROVE

42 & 48 PENNINE ROAD, WORCESTERSHIRE, B61 0TE

£6,000

Freehold Ground Rent Investment - Parcel of 2 Location: Pennine Road is around a mile north of Bromsgrove town centre and lies off Stourbridge Road (B4091). Description: Two freehold ground rent investments secured on mid town houses. The upper photograph is house number 48 and the lower is house number 42. The buyer's administration fee for this lot is reduced to £250 plus vat. Tenure: Freehold - subject to leases for a term of 99 years from 25th March 1973. The unexpired terms are approximately 56 years. The current ground rents are £52.50 per annum, rising to £70 per annum in 2039. The ground rent management of these properties is currently undertaken by Pennycuick Collins and the rent accounts are all up to date. Completion: Completion is required twenty working days after exchange of contracts.

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34

GUIDE PRICE:

BROMSGROVE

116 & 118 PENNINE ROAD, WORCESTERSHIRE, B61 0TN

£6,000

Freehold Ground Rent Investment - Parcel of 2 Location: Pennine Road is around a mile north of Bromsgrove town centre and lies off Stourbridge Road (B4091). Description: Two freehold ground rent investments secured on mid town houses. The photograph is house number 118 and the map relates to lot numbers 41 to 44. The buyer's administration fee for this lot is reduced to £250 plus vat. Tenure: Freehold - subject to leases for a term of 99 years from 25th March 1973. The unexpired terms are approximately 56 years. The current ground rents are £52.50 per annum, rising to £70 per annum in 2039. The ground rent management of these properties is currently undertaken by Pennycuick Collins and the rent accounts are all up to date. Completion: Completion is required twenty working days after exchange of contracts. © Crown copyright and database rights 2015 OS 100047514

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

LOT

35

GUIDE PRICE:

BROMSGROVE

54, 64 & 66 PENNINE ROAD, WORCESTERSHIRE, B61 0TE

£9,450

Freehold Ground Rent Investment - Parcel of 3 Location: Pennine Road is around a mile north of Bromsgrove town centre and lies off Stourbridge Road (B4091). Description: Three freehold ground rent investments secured on end town houses. The upper photograph is house number 54 and the lower is house number 64. The buyer's administration fee for this lot is reduced to £375 plus vat. Tenure: Freehold - subject to leases for a term of 99 years from 25th March 1973. The unexpired terms are approximately 56 years. The current ground rents are £52.50 per annum, rising to £70 per annum in 2039. The ground rent management of these properties is currently undertaken by Pennycuick Collins and the rent accounts are all up to date. Completion: Completion is required twenty working days after exchange of contracts.

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36

BROMSGROVE

GUIDE PRICE:

78, 82 & 132 PENNINE ROAD, WORCESTERSHIRE, B61 0TG

£10,500

Freehold Ground Rent Investment - Parcel of 3 Location: Pennine Road is around a mile north of Bromsgrove town centre and lies off Stourbridge Road (B4091). Description: Three freehold ground rent investments secured on semi detached houses. The upper photograph is house number 132 and the lower is house number 78. The buyer's administration fee for this lot is reduced to £375 plus vat. Tenure: Freehold - subject to leases for a term of 99 years from 25th March 1973. The unexpired terms are approximately 56 years. The current ground rents are £52.50 per annum, rising to £70 per annum in 2039. The ground rent management of these properties is currently undertaken by Pennycuick Collins and the rent accounts are all up to date. Completion: Completion is required twenty working days after exchange of contracts.

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

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OLDBURY

1 JOHNS LANE, TIVIDALE, WEST MIDLANDS, B69 3HX

GUIDE PRICE:

£350,000+

Four Storey Office Building on 3 Acre Site Status: Vacant Possession - FREEHOLD. Location: The property occupies a prominent position at the junction of Tipton Road (A457) and Johns Lane, around 2.6 miles from M5 junction2 and 8 miles west of Birmingham city centre. Description: The property is known as THE STONES BUILDING and forms a purpose built four storey office building with approximately 23,000 sq.ft (2,139 sq.m) 'net internal area' of space. The accommodation offers flexible space consisting of various size offices and rooms with ample kitchen and wc facilities. The ground, first and second floor are each around 7,000 sq.ft and the second floor is around 1,500 sq.ft. The site is around 3.025 acres, provides extensive parking and storage facilities and fronts the busy Tipton Road. The site is fully fenced and there are several gated access points. EPC rating - D/100. The site may be suitable for redevelopment subject to the necessary planning consents. This lot is subject to VAT. Completion: Completion is required twenty working days after exchange of contracts.

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

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OLDBURY

1 JOHNS LANE, TIVIDALE, WEST MIDLANDS, B69 3HX

GUIDE PRICE:

£350,000+

© Crown copyright and database rights 2015 OS 100047514

© Crown copyright and database rights 2015 OS 100047514

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

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GUIDE PRICE:

KINGS HEATH

LAND ADJACENT TO 87 ADDISON ROAD, BIRMINGHAM, B14 7EN

£70,000+

Freehold Land Site with Development Potential Status: Vacant Possession. Location: The land is situated on Addison Road close to its junction with Goldsmith Road and to the right hand side of house number 87. Addison Road lies directly off Kings Heath High Street. Description: The property is a piece of freehold land between house number 87 and Goldsmith Road. The site is level, 'regularly shaped' and has direct road frontage to Addison Road. The frontage to Addison Road is approximately 30 feet (9.1 meters) and the overall site has an area of approximately 360 square yards (300 square meters). The site has significant potential for development, subject to obtaining the necessary planning permission. Interested parties should direct planning related enquiries to Birmingham City Council's Planning Department (0121-303-1115). Interested parties can self-view the site from the roadside. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts. © Crown copyright and database rights 2015 OS 100047514

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

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GUIDE PRICE:

BIRMINGHAM

401A WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR

£46/50,000

First Floor Flat let on an AST - 113 year lease Location: The flat forms part of a purpose built block facing Warwick Road from the front and facing Weston Lane to the rear. Description: A first floor flat let on an Assured Shorthold Tenancy at £375 per month (£4,500 per annum). The letting commenced on 14/6/2013 and the rent account is well conducted. The letting is managed by Nicholas George Letting Agents based in Moseley. In addition there is a garage that is let separately at £30 per month (£360 per annum). Total rental income is £4,860 per annum. Accommodation: The block has a gated approach off Weston Lane leading to a mainly lawned communal garden with drying area. The flat offers an entrance hall, lounge, kitchen, one double bedroom and bathroom with shower. Tenure: The property is leasehold for a term of 125 years from 25/3/2004 at a ground rent of £50 per half year. The unexpired term is approximately 113 years. Completion: Completion is required twenty working days after exchange of contracts. © Crown copyright and database rights 2015 OS 100047514

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

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GUIDE PRICE:

BIRMINGHAM

401B WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR

£46/50,000

Second Floor Flat let on an AST: 113 year lease Location: The flat forms part of a purpose built block facing Warwick Road from the front and facing Weston Lane to the rear. Description: A second floor flat let on an Assured Shorthold Tenancy at £375 per month (£4,500 per annum). The letting commenced on 24/8/2015 and the rent account is well conducted. The letting is managed by Nicholas George Letting Agents based in Moseley. There is a garage, fronting Weston Lane, that is included in the lease but that is not included in the AST letting. This garage could be let separately to generate additional rental income and the Auctioneers' estimate that the rental value is around £10 per week (£520 per annum). Alternatively the garage could be sold individually to generate a capital sum. Accommodation: The block has a gated approach off Weston Lane leading to a mainly lawned communal garden with drying area. The flat offers an entrance hall, lounge, kitchen, one double bedroom and bathroom with shower. Tenure: The property is leasehold for a term of 125 years from 25/3/2004 at a ground rent of £50 per half year. The unexpired term is approximately 113 years.

© Crown copyright and database rights 2015 OS 100047514

Completion: Completion is required twenty working days after exchange of contracts.

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

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GUIDE PRICE:

BIRMINGHAM

405A WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR

£46/50,000

First Floor Flat let on an AST - 113 year lease Location: The flat forms part of a purpose built block facing Warwick Road from the front and facing Weston Lane to the rear. Description: A first floor flat let on an Assured Shorthold Tenancy at £365 per month (£4,380 per annum). The letting commenced on 22/6/2012 and the rent account is well conducted. The letting is managed by Nicholas George Letting Agents based in Moseley. There is a garage, fronting Weston Lane, that is included in the lease but that is not included in the AST letting. This garage could be let separately to generate additional rental income and the Auctioneers' estimate that the rental value is around £10 per week (£520 per annum). Alternatively the garage could be sold individually to generate a capital sum. Accommodation: The block has a gated approach off Weston Lane leading to a mainly lawned communal garden with drying area. The flat offers an entrance hall, lounge, kitchen, one double bedroom and bathroom with shower. Tenure: The property is leasehold for a term of 125 years from 25/3/2004 at a ground rent of £50 per half year. The unexpired term is approximately 113 years.

© Crown copyright and database rights 2015 OS 100047514

Completion: Completion is required twenty working days after exchange of contracts.

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

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GUIDE PRICE:

BIRMINGHAM

409A WARWICK ROAD, TYSELEY, WEST MIDLANDS, B11 2JR

£56/60,000

First Floor Flat let on an AST - 113 year lease Location: The flat forms part of a purpose built block facing Warwick Road from the front and facing Weston Lane to the rear. Description: A first floor flat let on an Assured Shorthold Tenancy at £395 per month (£4,740 per annum). The letting commenced on 30/8/2013 and the rent account is well conducted. The letting is managed by Nicholas George Letting Agents based in Moseley. There is a garage, fronting Weston Lane, that is included in the lease but that is not included in the AST letting. This garage could be let separately to generate additional rental income and the Auctioneers' estimate that the rental value is around £10 per week (£520 per annum). Alternatively the garage could be sold individually to generate a capital sum. Accommodation: The block has a gated approach off Weston Lane leading to a mainly lawned communal garden with drying area. The flat offers an entrance hall, lounge, kitchen, two bedrooms and bathroom with shower. Tenure: The property is leasehold for a term of 125 years from 25/3/2004 at a ground rent of £50 per half year. The unexpired term is approximately 113 years.

© Crown copyright and database rights 2015 OS 100047514

Completion: Completion is required twenty working days after exchange of contracts.

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

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GUIDE PRICE:

MALVERN

90-92 & 94-96 WORCESTER ROAD AND 10 OXFORD ROAD, WORCESTERSHIRE, WR14 1NY

£350,000 - £375,000

Current Rental Value: £55,800 pa.

A freehold and part leasehold investment comprising a restaurant and 4 flats, let producing £55,800 pa. Description: Forming part of a retail parade, the restaurant fronts Worcester Road with a self contained flat above, the three other flats are situated in the block to the rear facing Oxford Road. The restaurant is undergoing a programme of refurbishment and improvement by the tenant. The leasehold title comprises the lower ground floor and basement at 94 & 96 Worcester Road for a term of 99 years from 10/06/1999 at a fixed ground rent of £1 pa. On the plan edged red the area shaded pink is lower ground floor only, the area shaded blue is lower ground floor and basement only. Floor/No.

Present Lessee

Accommodation

Lease Terms

Ground & Individual Basement 90-92 & Lower Ground & Basement 94-96

Ground Floor Restaurant Lower Ground Floor Restaurant Bar, Kitchen, Store Basement Cellarage & WCs

6 years from 15.01.2014 £30,000 Rent review on the 3rd anniversary pa FR & I (1) The lease provides a rolling break option from the 2nd anniversary of the lease subject to 6 months' written notice

First & Second Individual

First and Second Floor flat comprising 12 Month AST from 01.04.2014 6 rooms, kitchen, bathroom with separate WC

£12,000 pa

Floors 90/92

Current Rent

Next Review/Reversion £30,000 pa

Holding over

10 Oxford Road

Individual

First Floor flat comprising 2 rooms, kitchen and bathroom

12 month AST from 10.12.2013

£4,800 pa Holding over

10A Oxford Road

Individual

Second Floor flat comprising 2 rooms, 12 month AST from 01.12.2012 kitchen and bathroom

£4,500 pa Holding over

10B Oxford Road

Individual

Third Floor flat comprising 3 rooms, kitchen and bathroom

12 month AST from 01.08.2015

£4,800 pa Holding over

 

 

 

 

£56,100 pa

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

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

 

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MALVERN

90-92 & 94-96 WORCESTER ROAD AND 10 OXFORD ROAD, WORCESTERSHIRE, WR14 1NY

GUIDE PRICE:

£350,000 - £375,000

Current Rental Value: £55,800 pa.

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

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GUIDE PRICE:

SOLIHULL

39 LONGMORE ROAD, SHIRLEY, WEST MIDLANDS, B90 3DZ

£260,000+

Traditional Semi Detached House - Freehold Status: Residential Investment - the property is let on an Assured Shorthold Tenancy at a rent of £775 per month (£9,300 per annum). Location: Longmore Road lies off Stratford Road (A34) and is well served by local shopping, schooling and transport services. Solihull town centre is a little over two miles to the east. Description: The property is a traditional semi detached house offering centrally heated and double glazed accommodation. The house has been considerably extended and has a side garage. Longmore Road falls within a highly regarded area, within Solihull Borough, around seven miles south of Birmingham city centre. Accommodation: Ground Floor: Fully enclosed porch, entrance hall (with guests' cloaks off), front reception room, rear reception room, extended open plan area including kitchen, dining area and study. First Floor: Landing, 3 bedrooms, bathroom with shower cubicle. Front Garden: There is a front garden with driveway leading to a side garage. Rear Garden: There is a good size garden with paved patio, lawn and dining area. Tenure: Freehold.

© Crown copyright and database rights 2015 OS 100047514

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

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GUIDE PRICE:

STOKE-ON-TRENT

10 WHITMORE AVENUE, WERRINGTON, STAFFORDSHIRE, ST9 0LW

£110,000 - £120,000

A 3 bedroom freehold detached house located in the popular area of Werrington Status: Vacant Possession. Location: Whitmore Avenue cab be approached from the A52 Ash Bank Road via Washerwall Lane and Cotehill Road. The A520 & A50 are easily accessible. Description: A modern detached house situated in a popular area close to Werrington Primary School and with easy access to Hanley & Leek. Accommodation: Ground Floor: Porch, hall, shower room, sitting room, dining room, kitchen, study. First Floor: 3 bedrooms, bathroom. Outside: Front and rear gardens with driveway parking. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts. Viewing/Enquiries Please contact Goodchilds Network Auctions on 01782 206713.Joint Auctioneers

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

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GUIDE PRICE:

HARBORNE

141 LORDSWOOD ROAD, BIRMINGHAM, B17 9BL

£4,000

Freehold Ground Rent Investment Description: A freehold ground rent investment secured on an end town house residence. The property is situated on Lordswood Road close to its junction with Carless Avenue in what is a very popular and highly regarded suburb of Birmingham. Tenure: Freehold - subject to a lease for a term of 99 years from 29/9/1972. The unexpired term is approximately 56 years. The annual ground rent is £75. The ground rent management of these properties is currently undertaken by Pennycuick Collins and the rent accounts are all up to date. The buyer's administration fee is reduced to £250 plus vat. All enquiries should be directed to the auctioneers at 0121-456-1700. Completion: Completion is required twenty working days after exchange of contracts. © Crown copyright and database rights 2015 OS 100047514

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

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GUIDE PRICE:

GREAT BARR

92 BALTIMORE ROAD, BIRMINGHAM, B42 1QN

£75/80,000

A Freehold End Town House Residence Status: Vacant Possession. Location: Baltimore Road forms part of the highly popular Perry Hall Estate and lies off Rocky Lane which connects Walsall Road with Hamstead Hill. Hamstead railway station and the shops at Hamstead 'Village' are within a few minutes walk. Description: The property is a traditional end town house which offers gas centrally heated and double glazed accommodation. There is a garage at the rear. The property is in need of some improvement. Accommodation: Ground Floor: Fully enclosed porch, hallway, through lounge, kitchen, veranda. First Floor: Landing, 2 double bedrooms, bathroom with shower. Gardens: There are gardens to both front and rear. Garage: There is a single garage to the rear approached from a driveway that runs to the rear. Tenure: Freehold. Completion: Completion is required twenty working days after exchange of contracts.

© Crown copyright and database rights 2015 OS 100047514

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

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GUIDE PRICE:

COVENTRY

49 GORDON STREET, WEST MIDLANDS, CV1 3ET

£175,000

A High Yielding HMO - Freehold/Licenced Status: Residential Investment - the property is let on an Assured Shorthold Tenancy and has the benefit of an HMO licence (House in Multiple Occupation). The sale will include fixtures/furnishings/white goods. Location: The property is at the corner of Gordon Street and Bedford Street and occupies a highly convenient position off Albany Road around 0.4 of a mile from the A4053 - Coventry Ring Road. Description: 49 Gordon Street is a traditionally constructed three storey end of terrace house in an excellent position for letting purposes around one mile west of Coventry city centre and University and around three quarters of a mile from Coventry railway station. The property is let on a single Assured Shorthold Tenancy at a rent of £1,500 per month - £18,000 per annum. The rent account is up to date and well conducted. Accommodation: The property has been refurbished and offers gas radiator central heating and double glazing throughout. It is fully furnished and equipped for student letting. To the ground floor there is a hallway, lounge, bedroom, kitchen and shower room. To the first floor there are three bedrooms and to the second floor there is a fifth bedroom and bathroom with shower. There is a small rear garden. Tenure: Freehold.

© Crown copyright and database rights 2015 OS 100047514

Completion: Completion is required twenty working days after exchange of contracts.

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

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GUIDE PRICE:

STOURPORT-ON-SEVERN

25 & 26 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR

£150,000 - £175,000

A pair of town centre mixed use freehold buildings arranged as ground floor retail promises (let) with residential upper parts (vacant) Status: FREEHOLD - Part let Description: Situated in the town centre in a prominent trading position. Each property comprises a ground floor retail unit with associated store area and a self contained split level flat above with independent rear access. 25 Bridge Street retail is let for 3 years from 05.06.2014 at a rent of £6,000 pa, the maisonette is vacant with an estimated rental value of £425 pcm. 26 Bridge Street retail is let for 6 years from 25.12.1987 at a rent of £6,000 pa, the maisonette is vacant (ERV £425 pcm). Accommodation: 25 Bridge Street Ground Floor: Retail area, store, staff wc, kitchen. Upper Floors: Bedroom, reception room, kitchen, bathroom/wc. 26 Bridge Street Ground Floor: Retail area, office, internal store. Upper Floors: 3 bedrooms, 2 reception rooms, kitchen, bathroom/wc. Completion: Auctioneers' Note: Network Auctions have not inspected the properties and all information shown is supplied by the seller. We are advised the upper floors require refurbishment. Joint Auctioneers

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

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GUIDE PRICE:

STOURPORT-ON-SEVERN

25 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR

£75,000 - £87,500

A mixed use freehold building comprisng ground floor retail unit (let) and a split level self contained flat above (vacant) Status: Part let Description: Situated in the town centre. The ground floor is let for 3 years from 05/06/2014 at a rent of £6,000 pa, the first and second floors comprise a vacant self contained maisonette (ERV £425 pcm). Accommodation: Ground Floor: Retail area, store, staff wc, kitchen. First and Second Floors: Bedroom, reception room, kitchen, bathroom/wc. Tenure: Freehold Completion: 20 working days Auctioneers Note: Network Auctions have not inspected the properties, information supplied by the seller, we are advised the upper floors require refurbishment. Viewing/Enquiries Joint Auctioneers

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GUIDE PRICE:

STOURPORT-ON-SEVERN

26 BRIDGE STREET, WORCESTERSHIRE, DY13 8UR

£75,000 - £87,500

A mixed use freehold building comprising ground floor retail unit (let) and a 3 bedroom self contained flat above (vacant) Status: Part let Description: Situated in the town centre. The ground floor is let for 6 years from 25.12.1987 (holding over), the upper floors comprise a vacant, self contained maisonette (ERV £425 pcm). Accommodation: Ground Floor: Retail area, office, internal store. First and Second Floors: 3 Bedrooms, 2 reception rooms, kitchen, bathroom/wc. Tenure: Freehold Completion: 20 working days Auctioneers Note: Network Auctions have not inspected the properties, information supplied by the seller, we are advised the upper floors require refurbishment. Viewing/Enquiries Joint Auctioneers

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

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AUCTION

LOCAL EXPERTISE | NATIONAL COVERAGE 55

COMMON AUCTION CONDITIONS INTRODUCTION The Common Auction Conditions have been produced for real estate auctions in England and Wales to set a common standard across the industry. They are in three sections: Glossary The glossary gives special meanings to certain words used in both sets of conditions. Auction Conduct Conditions The Auction Conduct Conditions govern the relationship between the auctioneer and anyone who has a catalogue, or who attends or bids at the auction. They cannot be changed without the auctioneer’s agreement. We recommend that these conditions are set out in a two-part notice to bidders in the auction catalogue, part one containing advisory material – which auctioneers can tailor to their needs – and part two the auction conduct conditions. Sale Conditions The Sale Conditions govern the agreement between each seller and buyer. They include general conditions of sale and template forms of special conditions of sale, tenancy and arrears schedules and a sale memorandum. Important Notice A prudent buyer will, before bidding for a lot at an auction: • Take professional advice from a conveyancer and, in appropriate cases, a chartered surveyor and an accountant; • Read the conditions; • Inspect the lot; • Carry out usual searches and make usual enquiries; • Check the content of all available leases and other documents relating to the lot; • Check that what is said about the lot in the catalogue is accurate; • Have finance available for the deposit and purchase price; • Check whether VAT registration and election is advisable; The conditions assume that the buyer has acted like a prudent buyer. If you choose to buy a lot without taking these normal precautions you do so at your own risk. GLOSSARY This glossary applies to the auction conduct conditions and the sale conditions. Wherever it makes sense: • singular words can be read as plurals, and plurals as singular words; • a “person” includes a corporate body; • words of one gender include the other genders; • references to legislation are to that legislation as it may have been modified or re-enacted by the date of the auction or the contract date (as applicable); and • where the following words printed in bold black type appear in bold green type they have the specified meanings. Actual Completion Date The date when completion takes place or is treated as taking place for the purposes of apportionment and calculating interest. Addendum An amendment or addition to the conditions or to the particulars or to both whether contained in a supplement to the catalogue, a written notice from the auctioneers or an oral announcement at the auction. Agreed Completion 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 is not a business day the first subsequent business day. Approved Financial Institution Any bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise acceptable to the auctioneers. Arrears Arrears of rent and other sums due under the tenancies and still outstanding on the actual completion date. Arrears Schedule The arrears schedule (if any) forming part of the special conditions. Auction The auction advertised in the catalogue. Auction Conduct Conditions The conditions so headed, including any extra auction 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.

56

Buyer The person who agrees to buy the lot or, if applicable, that person’s personal representatives: if two or more are jointly the buyer their obligations can be enforced against them jointly or against each of them separately. Catalogue The catalogue to which the conditions refer including any supplement to it. Completion Unless otherwise agreed between seller and buyer (or their conveyancers) the occasion when both seller and buyer have complied with their obligations under the contract and the balance of the price is unconditionally received in the seller’s conveyancer’s client account. Condition One of the auction conduct conditions or sales conditions. Contract The contract by which the seller agrees to sell and the buyer agrees to buy the lot. Contract Date The date of the auction or, if the lot is not sold at the auction: (a) the date of the sale memorandum signed by both the seller and buyer; or (b) if contracts are exchanged, the date of exchange. If exchange is not effected in person or by an irrevocable agreement to exchange made by telephone, fax or electronic mail the date of exchange is the date on which both parts have been signed and posted or otherwise placed beyond normal retrieval. Documents Documents of title (including, if title is registered, the entries on the register and the title plan) and other documents listed or referred to in the special conditions relating to the lot. Financial Charge A charge to secure a loan or other financial indebtedness (not including a rent charge). 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 of Barclays Bank plc. (The interest rate will also apply to judgment debts, if applicable.) Lot Each separate property described in the catalogue or (as the case may be) the property that the seller has agreed to sell and the buyer to buy (including chattels, if any). Old Arrears Arrears due under any of the tenancies that are not “new tenancies” as defined by the Landlord and Tenant (Covenants) Act 1995. Particulars The section of the catalogue that contains descriptions of each lot (as varied by any addendum). Practitioner An insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in relation to jurisdictions outside the United Kingdom, any similar official). Price The price that the buyer agrees to pay for the lot. Ready to Complete Ready, willing and able to complete: if completion would enable the seller to discharge all financial charges secured on the lot that have to be discharged by completion, then those outstanding financial charges do not prevent the seller from being ready to complete. Sale Conditions The general conditions as varied by any special conditions or addendum. Sale Memorandum The 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. Seller The person selling the lot. If two or more are jointly the seller their obligations can be enforced against them jointly or against each of them separately. Special Conditions Those of the sale conditions so headed that relate to the lot. Tenancies Tenancies, leases, licences to occupy and agreements for lease and any documents varying or supplemental to them. Tenancy Schedule The tenancy schedule (if any) forming part of the special conditions. Transfer Transfer includes a conveyance or assignment (and “to

transfer” includes “to convey” or “to assign”). TUPE The Transfer of Undertakings (Protection of Employment) Regulations 2006. VAT Value Added Tax or other tax of a similar nature. VAT Option An option to tax. We (and us and our) The auctioneers. You (and your) Someone who has a copy of the catalogue or who attends or bids at the auction, whether or not a buyer. AUCTION CONDUCT CONDITIONS A1 Introduction A1.1 Words in bold green type have special meanings, which are defined in the Glossary. A1.2 The catalogue is issued only on the basis that you accept these auction conduct conditions. They govern our relationship with you and cannot be disapplied or varied by the sale conditions (even by a condition purporting to replace the whole of the Common Auction Conditions). They can be varied only if we agree. A2 Our role A2.1 As agents for each seller we have authority to: (a) prepare the catalogue from information supplied by or on behalf of each seller; (b) offer each lot for sale; (c) sell each lot; (d) receive and hold deposits; (e) sign each sale memorandum; and (f) treat a contract as repudiated if the buyer fails to sign a sale memorandum or pay a deposit as required by these auction conduct conditions. A2.2 Our decision on the conduct of the auction is final. A2.3 We may cancel the auction, or alter the order in which lots are offered for sale. We may also combine or divide lots. A lot may be sold or withdrawn from sale prior to the auction. A2.4 You acknowledge that to the extent permitted by law we owe you no duty of care and you have no claim against us for any loss. A3 Bidding and reserve 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 is final. A3.4 Unless stated otherwise each lot is subject to a reserve price (which may be fixed just before the lot is offered for sale). If no bid equals or exceeds that reserve price the lot will be withdrawn from the auction. A3.5 Where there is a reserve price the seller may bid (or ask us or another agent to bid on the seller’s behalf) up to the reserve price but may not make a bid equal to or exceeding the reserve price. You accept that it is possible that all bids up to the reserve price are bids made by or on behalf of the seller. A3.6 Where a guide price (or range of prices) is given that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell at the date of the guide price. But guide prices may change. The last published guide price will normally be at or above any reserve price, but not always – as the seller may fix the final reserve price just before bidding commences. A4 The particulars and other information A4.1 We have taken reasonable care to prepare particulars that correctly describe each lot. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct. A4.2 If the special conditions do not contain a description of the lot, or simply refer to the relevant lot number, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract. A4.3 The particulars and the sale conditions may change prior to the auction and it is your responsibility to check that you have the correct versions. A4.4 If we provide information, or a copy of a document, provided by others we do so only on the basis that we are not responsible for the accuracy of that information or document.

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A5 A5.1

A5.2

A5.3

A5.4

A5.5

A5.6

A5.7

A5.8

A6 A6.1

The contract A successful bid is one we accept as such (normally on the fall of the hammer). This condition A5 applies to you if you make the successful bid for a lot. You are obliged to buy the lot on the terms of the sale memorandum at the price you bid plus VAT (if applicable). You must before leaving the auction: (a) provide all information we reasonably need from you to enable us to complete the sale memorandum (including proof of your identity if required by us); (b) sign the completed sale memorandum; and (c) pay the deposit. If you do not we may either: (a) as agent for the seller treat that failure as your repudiation of the contract and offer the lot for sale again: the seller may then have a claim against you for breach of contract; or (b) sign the sale memorandum on your behalf. The deposit: (a) is to be held as stakeholder where VAT would be chargeable on the deposit were it to be held as agent for the seller, but otherwise is to be held as stated in the sale conditions; and (b) must be paid in pounds sterling by cheque or by bankers’ draft made payable to us on an approved financial institution. The extra auction conduct conditions may state if we accept any other form of payment. We may retain the sale memorandum signed by or on behalf of the seller until the deposit has been received in cleared funds. If the buyer does not comply with its obligations under the contract then: (a) you are personally liable to buy the lot even if you are acting as an agent; and (b) you must indemnify the seller in respect of any loss the seller incurs as a result of the buyer’s default. Where the buyer is a company you warrant that the buyer is properly constituted and able to buy the lot. Extra auction conduct conditions Despite any special condition to the contrary the minimum deposit we accept is £2000 (or the total price, if less). A special condition may, however, require a higher minimum deposit.

GENERAL CONDITIONS OF SALE Words in bold green type have special meanings, which are defined in the Glossary. The general conditions (including any extra general conditions) apply to the contract except to the extent that they are varied by special conditions or by an addendum. G1. The lot G1.1 The lot (including any rights to be granted or reserved, and any exclusions from it) is described in the special conditions, or if not so described the lot is that referred to in the sale memorandum. G1.2 The lot is sold subject to any tenancies disclosed by the special conditions, but otherwise with vacant possession on completion. G1.3 The lot is sold subject to all matters contained or referred to in the documents, but excluding any financial charges: these the seller must discharge on or before completion. G1.4 The lot is also sold subject to such of the following as may affect it, whether they arise before or after the contract date and whether or not they are disclosed by the seller or are apparent from inspection of the lot or from the documents: (a) matters registered or capable of registration as local land charges; (b) matters registered or capable of registration by any competent authority or under the provisions of any statute; (c) notices, orders, demands, proposals and requirements of any competent authority; (d) charges, notices, orders, restrictions, agreements and other matters relating to town and country planning, highways or public health; (e) rights, easements, quasi-easements, and wayleaves; (f) outgoings and other liabilities; (g) any interest which overrides, within the meaning of the Land Registration Act 2002; (h) matters that ought to be disclosed by the searches and enquiries a prudent buyer would make, whether or not the buyer has made them; and (i) anything the seller does not and could not reasonably know about. G1.5 Where anything subject to which the lot is sold would expose the seller to liability the buyer is to comply with it and indemnify the seller against that liability.

The seller must notify the buyer of any notices, orders, demands, proposals and requirements of any competent authority of which it learns after the contract date but the buyer must comply with them and keep the seller indemnified. G1.7 The lot does not include any tenant’s or trade fixtures or fittings. G1.8 Where chattels are included in the lot the buyer takes them as they are at completion and the seller is not liable if they are not fit for use. G1.9 The buyer buys with full knowledge of: (a) the documents, whether or not the buyer has read them; and (b) the physical condition of the lot and what could reasonably be discovered on inspection of it, whether or not the buyer has inspected it. G1.10 The buyer is not to rely on the information contained in the particulars but may rely on the seller’s conveyancer’s written replies to preliminary enquiries to the extent stated in those replies. G2. Deposit G2.1 The amount of the deposit is the greater of: (a) any minimum deposit stated in the auction conduct conditions (or the total price, if this is less than that minimum); and (b) 10% of the price (exclusive of any VAT on the price). G2.2 The deposit (a) must be paid in pounds sterling by cheque or banker’s draft drawn on an approved financial institution (or by any other means of payment that the auctioneers may accept); and (b) is to be held as stakeholder unless the auction conduct conditions provide that it is to be held as agent for the seller. G2.3 Where the auctioneers hold the deposit as stakeholder they are authorised to release it (and interest on it if applicable) to the seller on completion or, if completion does not take place, to the person entitled to it under the sale conditions. G2.4 If a cheque for all or part of the deposit is not cleared on first presentation the seller may treat the contract as at an end and bring a claim against the buyer for breach of contract. G2.5 Interest earned on the deposit belongs to the seller unless the sale conditions provide otherwise. G3. Between contract and completion G3.1 Unless the special conditions state otherwise, the seller is to insure the lot from and including the contract date to completion and: (a) produce to the buyer on request all relevant insurance details; (b) pay the premiums when due; (c) if the buyer so requests, and pays any additional premium, use reasonable endeavours to increase the sum insured or make other changes to the policy; (d) at the request of the buyer use reasonable endeavours to have the buyer’s interest noted on the policy if it does not cover a contracting purchaser; (e) unless otherwise agreed, cancel the insurance at completion, apply for a refund of premium and (subject to the rights of any tenant or other third party) pay that refund to the buyer; and (f) (subject to the rights of any tenant or other third party) hold on trust for the buyer any insurance payments that the seller receives in respect of loss or damage arising after the contract date or assign to the buyer the benefit of any claim; and the buyer must on completion reimburse to the seller the cost of that insurance (to the extent not already paid by the buyer or a tenant or other third party) for the period from and including the contract date to completion. G3.2 No damage to or destruction of the lot nor any deterioration in its condition, however caused, entitles the buyer to any reduction in price, or to delay completion, or to refuse to complete. G3.3 Section 47 of the Law of Property Act 1925 does not apply. G3.4 Unless the buyer is already lawfully in occupation of the lot the buyer has no right to enter into occupation prior to completion. G4. Title and identity G4.1 Unless condition G4.2 applies, the buyer accepts the title of the seller to the lot as at the contract date and may raise no requisition or objection except in relation to any matter that occurs after the contract date. G4.2 If any of the documents is not made available before the auction the following provisions apply: (a) The buyer may raise no requisition on or objection to any of the documents that is made available before the auction. (b) If the lot is registered land the seller is to give G1.6

G4.3

G4.4

G4.5

G4.6

G5. G5.1

G5.2

G5.3

G6. G6.1

G6.2

G6.3

G6.4

to the buyer within five business days of the contract date an official copy of the entries on the register and title plan and, where noted on the register, of all documents subject to which the lot is being sold. (c) If the lot is not registered land the seller is to give to the buyer within five business days an abstract or epitome of title starting from the root of title mentioned in the special conditions (or, if none is mentioned, a good root of title more than fifteen years old) and must produce to the buyer the original or an examined copy of every relevant document. (d) If title is in the course of registration, title is to consist of certified copies of: (i) the application for registration of title made to the land registry; (ii) the documents accompanying that application; (iii) evidence that all applicable stamp duty land tax relating to that application has been paid; and (iv) a letter under which the seller or its conveyancer agrees to use all reasonable endeavours to answer any requisitions raised by the land registry and to instruct the land registry to send the completed registration documents to the buyer. (e) The buyer has no right to object to or make requisitions on any title information more than seven business days after that information has been given to the buyer. Unless otherwise stated in the special conditions the seller sells with full title guarantee except that (and the transfer shall so provide): (a) the covenant set out in section 3 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to matters recorded in registers open to public inspection; these are to be treated as within the actual knowledge of the buyer; and (b) the covenant set out in section 4 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to any condition or tenant’s obligation relating to the state or condition of the lot where the lot is leasehold property. The transfer is to have effect as if expressly subject to all matters subject to which the lot is sold under the contract. The seller does not have to produce, nor may the buyer object to or make a requisition in relation to, any prior or superior title even if it is referred to in the documents. The seller (and, if relevant, the buyer) must produce to each other such confirmation of, or evidence of, their identity and that of their mortgagees and attorneys (if any) as is necessary for the other to be able to comply with applicable Land Registry Rules when making application for registration of the transaction to which the conditions apply. Transfer Unless a form of transfer is prescribed by the special conditions: (a) the buyer must supply a draft transfer to the seller at least ten business days before the agreed completion date and the engrossment (signed as a deed by the buyer if condition G5.2 applies) five business days before that date or (if later) two business days after the draft has been approved by the seller; and (b) the seller must approve or revise the draft transfer within five business days of receiving it from the buyer. If the seller remains liable in any respect in relation to the lot (or a tenancy) following completion the buyer is specifically to covenant in the transfer to indemnify the seller against that liability. The seller cannot be required to transfer the lot to anyone other than the buyer, or by more than one transfer. Completion Completion is to take place at the offices of the seller’s conveyancer, or where the seller may reasonably require, on the agreed completion date. The seller can only be required to complete on a business day and between the hours of 0930 and 1700. The amount payable on completion is the balance of the price adjusted to take account of apportionments plus (if applicable) VAT and interest. Payment is to be made in pounds sterling and only by: (a) direct transfer to the seller’s conveyancer’s client account; and (b) the release of any deposit held by a stakeholder. Unless the seller and the buyer otherwise agree, completion cannot take place until both have complied with their obligations under the contract and

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G6.5

G6.6 G7. G7.1

G7.2 G7.3

G7.4

G8.

G9. G9.1 G9.2

G9.3

G9.4

G9.5

G9.6

G10. G10.1

G10.2

G10.3

G10.4

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the balance of the price is unconditionally received in the seller’s conveyancer’s client account. If completion takes place after 1400 hours for a reason other than the seller’s default it is to be treated, for the purposes of apportionment and calculating interest, as if it had taken place on the next business day. Where applicable the contract remains in force following completion. Notice to complete The seller or the buyer may on or after the agreed completion date but before completion give the other notice to complete within ten business days (excluding the date on which the notice is given) making time of the essence. The person giving the notice must be ready to complete. If the buyer fails to comply with a notice to complete the seller may, without affecting any other remedy the seller has: (a) terminate the contract; (b) claim the deposit and any interest on it if held by a stakeholder; (c) forfeit the deposit and any interest on it; (d) resell the lot; and (e) claim damages from the buyer. If the seller fails to comply with a notice to complete the buyer may, without affecting any other remedy the buyer has: (a) terminate the contract; and (b) recover the deposit and any interest on it from the seller or, if applicable, a stakeholder. If the contract is brought to an end If the contract is lawfully brought to an end: (a) the buyer must return all papers to the seller and appoints the seller its agent to cancel any registration of the contract; and (b) the seller must return the deposit and any interest on it to the buyer (and the buyer may claim it from the stakeholder, if applicable) unless the seller is entitled to forfeit the deposit under condition G7.3. Landlord’s licence Where the lot is or includes leasehold land and licence to assign is required this condition G9 applies. The contract is conditional on that licence being obtained, by way of formal licence if that is what the landlord lawfully requires. The agreed completion date is not to be earlier than the date five business days after the seller has given notice to the buyer that licence has been obtained. The seller must: (a) use all reasonable endeavours to obtain the licence at the seller’s expense; and (b) enter into any authorised guarantee agreement properly required. The buyer must: (a) promptly provide references and other relevant information; and (b) comply with the landlord’s lawful requirements. If within three months of the contract date (or such longer period as the seller and buyer agree) the licence has not been obtained the seller or the buyer may (if not then in breach of any obligation under this condition G9) by notice to the other terminate the contract at any time before licence is obtained. That termination is without prejudice to the claims of either seller or buyer for breach of this condition G9. Interest and apportionments If the actual completion date is after the agreed completion date for any reason other than the seller’s default the buyer must pay interest at the interest rate on the price (less any deposit paid) from the agreed completion date up to and including the actual completion date. Subject to condition G11 the seller is not obliged to apportion or account for any sum at completion unless the seller has received that sum in cleared funds. The seller must pay to the buyer after completion any sum to which the buyer is entitled that the seller subsequently receives in cleared funds. Income and outgoings are to be apportioned at actual completion date unless: (a) the buyer is liable to pay interest; and (b) the seller has given notice to the buyer at any time up to completion requiring apportionment on the date from which interest becomes payable by the buyer; in which event income and outgoings are to be apportioned on the date from which interest becomes payable by the buyer. Apportionments are to be calculated on the basis that: (a) the seller receives income and is liable for outgoings for the whole of the day on which apportionment is to be made; (b) annual income and expenditure accrues at an

G11. Part 1 G11.1

G11.2

G11.3 Part 2 G11.4 G11.5

G11.6

Part 3 G11.7

G11.8

G11.9

G12. G12.1 G12.2 G12.3

G13. G13.1

equal daily rate assuming 365 days in a year, and income and expenditure relating to some other period accrues at an equal daily rate during the period to which it relates; and (c) where the amount to be apportioned is not known at completion apportionment is to be made by reference to a reasonable estimate and further payment is to be made by seller or buyer as appropriate within five business days of the date when the amount is known. Arrears Current rent “Current rent” means, in respect of each of the tenancies subject to which the lot is sold, the instalment of rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months preceding completion. If on completion there are any arrears of current rent the buyer must pay them, whether or not details of those arrears are given in the special conditions. Parts 2 and 3 of this condition G11 do not apply to arrears of current rent. Buyer to pay for arrears Part 2 of this condition G11 applies where the special conditions give details of arrears. The buyer is on completion to pay, in addition to any other money then due, an amount equal to all arrears of which details are set out in the special conditions. If those arrears are not old arrears the seller is to assign to the buyer all rights that the seller has to recover those arrears. Buyer not to pay for arrears Part 3 of this condition G11 applies where the special conditions: (a) so state; or (b) give no details of any arrears. While any arrears due to the seller remain unpaid the buyer must: (a) try to collect them in the ordinary course of management but need not take legal proceedings or forfeit the tenancy; (b) pay them to the seller within five business days of receipt in cleared funds (plus interest at the interest rate calculated on a daily basis for each subsequent day’s delay in payment); (c) on request, at the cost of the seller, assign to the seller or as the seller may direct the right to demand and sue for old arrears, such assignment to be in such form as the seller’s conveyancer may reasonably require; (d) if reasonably required, allow the seller’s conveyancer to have on loan the counterpart of any tenancy against an undertaking to hold it to the buyer’s order; (e) not without the consent of the seller release any tenant or surety from liability to pay arrears or accept a surrender of or forfeit any tenancy under which arrears are due; and (f) if the buyer disposes of the lot prior to recovery of all arrears obtain from the buyer’s successor in title a covenant in favour of the seller in similar form to part 3 of this condition G11. Where the seller has the right to recover arrears it must not without the buyer’s written consent bring insolvency proceedings against a tenant or seek the removal of goods from the lot. Management This condition G12 applies where the lot is sold subject to tenancies. The seller is to manage the lot in accordance with its standard management policies pending completion. The seller must consult the buyer on all management issues that would affect the buyer after completion (such as, but not limited to, an application for licence; a rent review; a variation, surrender, agreement to surrender or proposed forfeiture of a tenancy; or a new tenancy or agreement to grant a new tenancy) and: (a) the seller must comply with the buyer’s reasonable requirements unless to do so would (but for the indemnity in paragraph (c)) expose the seller to a liability that the seller would not otherwise have, in which case the seller may act reasonably in such a way as to avoid that liability; (b) if the seller gives the buyer notice of the seller’s intended act and the buyer does not object within five business days giving reasons for the objection the seller may act as the seller intends; and (c) the buyer is to indemnify the seller against all loss or liability the seller incurs through acting as the buyer requires, or by reason of delay caused by the buyer. Rent deposits This condition G13 applies where the seller is holding or otherwise entitled to money by way of rent deposit in respect of a tenancy. In this condition G13 “rent deposit deed” means the deed or other document under which the rent deposit is held.

G13.2 If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer and, subject to the terms of the rent deposit deed, comply at the cost of the buyer with the buyer’s lawful instructions. G13.3 Otherwise the seller must on completion pay and assign its interest in the rent deposit to the buyer under an assignment in which the buyer covenants with the seller to: (a) observe and perform the seller’s covenants and conditions in the rent deposit deed and indemnify the seller in respect of any breach; (b) give notice of assignment to the tenant; and (c) give such direct covenant to the tenant as may be required by the rent deposit deed. G14. VAT G14.1 Where a sale condition requires money to be paid or other consideration to be given, the payer must also pay any VAT that is chargeable on that money or (a) of the buyer’s VAT registration; consideration, but only if given a valid VAT invoice. G14.2 Where the special conditions state that no VAT option has been made the seller confirms that none has been made by it or by any company in the same VAT group nor will be prior to completion. G15. Transfer as a going concern Where the special conditions so state: (a) the seller and the buyer intend, and will take all practicable steps (short of an appeal) to procure, that the sale is treated as a transfer of a going concern; and (b) this condition G15 applies. The seller confirms that the seller (a) is registered for VAT, either in the seller’s name or as a member of the same VAT group; and (b) has (unless the sale is a standard-rated supply) made in relation to the lot a VAT option that remains valid and will not be revoked before completion. G15.3 The buyer confirms that: (a) it is registered for VAT, either in the buyer’s name or as a member of a VAT group; (b) it has made, or will make before completion, a VAT option in relation to the lot and will not revoke it before or within three months after completion; (c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and (d) it is not buying the lot as a nominee for another person. G15.4 The buyer is to give to the seller as early as possible before the agreed completion date evidence: (a) of the buyer’s VAT registration; (b) that the buyer has made a VAT option; and (c) that the VAT option has been notified in writing to HM Revenue and Customs; and if it does not produce the relevant evidence at least two business days before the agreed completion date, condition G14.1 applies at completion. G15.5 The buyer confirms that after completion the buyer intends to: (a) retain and manage the lot for the buyer’s own benefit as a continuing business as a going concern subject to and with the benefit of the tenancies; and (b) collect the rents payable under the tenancies and charge VAT on them G15.6 If, after completion, it is found that the sale of the lot is not a transfer of a going concern then: (a) the seller’s conveyancer is to notify the buyer’s conveyancer of that finding and provide a VAT invoice in respect of the sale of the lot; (b) the buyer must within five business days of receipt of the VAT invoice pay to the seller the VAT due; and (c) if VAT is payable because the buyer has not complied with this condition G15, the buyer must pay and indemnify the seller against all costs, interest, penalties or surcharges that the seller incurs as a result. G16. Capital allowances G16.1 This condition G16 applies where the special conditions state that there are capital allowances available in respect of the lot. G16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer in connection with the buyer’s claim for capital allowances. G16.3 The value to be attributed to those items on which capital allowances may be claimed is set out in the special conditions. G16.4 The seller and buyer agree: (a) to make an election on completion under Section 198 of the Capital Allowances Act 2001 to give effect to this condition G16; and

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G17. G17.1

G17.2

G18. G18.1

G18.2

G19. G19. G19.2 G19.3

G19.4

G19.5

G19.6

G20. G20.1

G20.2

G21. G21.1 G21.2

G21.3

G22. G22.1 G22.2 G22.3

(b) to submit the value specified in the special conditions to HM Revenue and Customs for the purposes of their respective capital allowance computations. Maintenance agreements The seller agrees to use reasonable endeavours to transfer to the buyer, at the buyer’s cost, the benefit of the maintenance agreements specified in the special conditions. The buyer must assume, and indemnify the seller in respect of, all liability under such contracts from the actual completion date. Landlord and Tenant Act 1987 This condition G18 applies where the sale is a relevant disposal for the purposes of part I of the Landlord and Tenant Act 1987. The seller warrants that the seller has complied with sections 5B and 7 of that Act and that the requisite majority of qualifying tenants has not accepted the offer. Sale by practitioner This condition G19 applies where the sale is by a practitioner either as seller or as agent of the seller. The practitioner has been duly appointed and is empowered to sell the lot. Neither the practitioner nor the firm or any member of the firm to which the practitioner belongs has any personal liability in connection with the sale or the performance of the seller’s obligations. The transfer is to include a declaration excluding that personal liability. The lot is sold: (a) in its condition at completion; (b) for such title as the seller may have; and (c) with no title guarantee; and the buyer has no right to terminate the contract or any other remedy if information provided about the lot is inaccurate, incomplete or missing. Where relevant: (a) the documents must include certified copies of those under which the practitioner is appointed, the document of appointment and the practitioner’s acceptance of appointment; and (b) the seller may require the transfer to be by the lender exercising its power of sale under the Law of Property Act 1925. The buyer understands this condition G19 and agrees that it is fair in the circumstances of a sale by a practitioner. TUPE If the special conditions state “There are no employees to which TUPE applies”, this is a warranty by the seller to this effect. If the special conditions do not state “There are no employees to which TUPE applies” the following paragraphs apply: (a) The seller must notify the buyer of those employees whose contracts of employment will transfer to the buyer on completion (the “Transferring Employees”). This notification must be given to the buyer not less than 14 days before completion. (b) The buyer confirms that it will comply with its obligations under TUPE and any special conditions in respect of the Transferring Employees. (c) The buyer and the seller acknowledge that pursuant and subject to TUPE, the contracts of employment between the Transferring Employees and the seller will transfer to the buyer on completion. (d) The buyer is to keep the seller indemnified against all liability for the Transferring Employees after completion. Environmental This condition G21 only applies where the special conditions so provide. The seller has made available such reports as the seller has as to the environmental condition of the lot and has given the buyer the opportunity to carry out investigations (whether or not the buyer has read those reports or carried out any investigation) and the buyer admits that the price takes into account the environmental condition of the lot. The buyer agrees to indemnify the seller in respect of all liability for or resulting from the environmental condition of the lot. Service Charge This condition G22 applies where the lot is sold subject to tenancies that include service charge provisions. No apportionment is to be made at completion in respect of service charges. Within two months after completion the seller must provide to the buyer a detailed service charge account for the service charge year current on completion showing: (a) service charge expenditure attributable to each tenancy;

(b) payments on account of service charge received from each tenant; (c) any amounts due from a tenant that have not been received; (d) any service charge expenditure that is not attributable to any tenancy and is for that reason irrecoverable. G22.4 In respect of each tenancy, if the service charge account shows that: (a) payments on account (whether received or still then due from a tenant) exceed attributable service charge expenditure, the seller must pay to the buyer an amount equal to the excess when it provides the service charge account; (b) attributable service charge expenditure exceeds payments on account (whether those payments have been received or are still then due), the buyer must use all reasonable endeavours to recover the shortfall from the tenant at the next service charge reconciliation date and pay the amount so recovered to the seller within five business days of receipt in cleared funds; but in respect of payments on account that are still due from a tenant condition G11 (arrears) applies. G22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller must pay the expenditure incurred in respect of the period before actual completion date and the buyer must pay the expenditure incurred in respect of the period after actual completion date. Any necessary monetary adjustment is to be made within five business days of the seller providing the service charge account to the buyer. G22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure or a depreciation fund: (a) the seller must pay it (including any interest earned on it) to the buyer on completion; and (b) the buyer must covenant with the seller to hold it in accordance with the terms of the tenancies and to indemnify the seller if it does not do so. G23. Rent reviews G23.1 This condition G23 applies where the lot is sold subject to a tenancy under which a rent review due on or before the actual completion date has not been agreed or determined. G23.2 The seller may continue negotiations or rent review proceedings up to the actual completion date but may not agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, such consent not to be unreasonably withheld or delayed. G23.3 Following completion the buyer must complete rent review negotiations or proceedings as soon as reasonably practicable but may not agree the level of the revised rent without the written consent of the seller, such consent not to be unreasonably withheld or delayed. G23.4 The seller must promptly: (a) give to the buyer full details of all rent review negotiations and proceedings, including copies of all correspondence and other papers; and (b) use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings. G23.5 The seller and the buyer are to keep each other informed of the progress of the rent review and have regard to any proposals the other makes in relation to it. G23.6 When the rent review has been agreed or determined the buyer must account to the seller for any increased rent and interest recovered from the tenant that relates to the seller’s period of ownership within five business days of receipt of cleared funds. G23.7 If a rent review is agreed or determined before completion but the increased rent and any interest recoverable from the tenant has not been received by completion the increased rent and any interest recoverable is to be treated as arrears. G23.8 The seller and the buyer are to bear their own costs in relation to rent review negotiations and proceedings. G24. Tenancy renewals G24.1 This condition G24 applies where the tenant under a tenancy has the right to remain in occupation under part II of the Landlord and Tenant Act 1954 (as amended) and references to notices and proceedings are to notices and proceedings under that Act. G24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not without the written consent of the buyer (which the buyer must not unreasonably withhold or delay) serve or respond to any notice or begin or continue any proceedings. G24.3 If the seller receives a notice the seller must send a copy to the buyer within five business days and act as the buyer reasonably directs in relation to it. G24.4 Following completion the buyer must: (a) with the co-operation of the seller take immediate

steps to substitute itself as a party to any proceedings; (b) use all reasonable endeavours to conclude any proceedings or negotiations for the renewal of the tenancy and the determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably obtainable; and (c) if any increased rent is recovered from the tenant (whether as interim rent or under the renewed tenancy) account to the seller for the part of that increase that relates to the seller’s period of ownership of the lot within five business days of receipt of cleared funds. G24.5 The seller and the buyer are to bear their own costs in relation to the renewal of the tenancy and any proceedings relating to this. G25. Warranties G25.1 Available warranties are listed in the special conditions. G25.2 Where a warranty is assignable the seller must: (a) on completion assign it to the buyer and give notice of assignment to the person who gave the warranty; and (b) apply for (and the seller and the buyer must use all reasonable endeavours to obtain) any consent to assign that is required. If consent has not been obtained by completion the warranty must be assigned within five business days after the consent has been obtained. G25.3 If a warranty is not assignable the seller must after completion: (a) hold the warranty on trust for the buyer; and (b) at the buyer’s cost comply with such of the lawful instructions of the buyer in relation to the warranty as do not place the seller in breach of its terms or expose the seller to any liability or penalty. G26. No assignment The buyer must not assign, mortgage or otherwise transfer or part with the whole or any part of the buyer’s interest under this contract. G27. Registration at the Land Registry G27.1 This condition G27.1 applies where the lot is leasehold and its sale either triggers first registration or is a registrable disposition. The buyer must at its own expense and as soon as practicable: (a) procure that it becomes registered at Land Registry as proprietor of the lot; (b) procure that all rights granted and reserved by the lease under which the lot is held are properly noted against the affected titles; and (c) provide the seller with an official copy of the register relating to such lease showing itself registered as proprietor. G27.2 This condition G27.2 applies where the lot comprises part of a registered title. The buyer must at its own expense and as soon as practicable: (a) apply for registration of the transfer; (b) provide the seller with an official copy and title plan for the buyer’s new title; and (c) join in any representations the seller may properly make to Land Registry relating to the application. G28. Notices and other communications G28.1 All communications, including notices, must be in writing. Communication to or by the seller or the buyer may be given to or by their conveyancers. G28.2 A communication may be relied on if: (a) delivered by hand; or (b) made electronically and personally acknowledged (automatic acknowledgement does not count); or (c) there is proof that it was sent to the address of the person to whom it is to be given (as specified in the sale memorandum) by a postal service that offers normally to deliver mail the next following business day. G28.3 A communication is to be treated as received: (a) when delivered, if delivered by hand; or (b) when personally acknowledged, if made electronically; but if delivered or made after 1700 hours on a business day a communication is to be treated as received on the next business day. G28.4 A communication sent by a postal service that offers normally to deliver mail the next following business day will be treated as received on the second business day after it has been posted. G29. Contracts (Rights of Third Parties) Act 1999 No one is intended to have any benefit under the contract pursuant to the Contract (Rights of Third Parties) Act 1999. G30. Extra General Conditions

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AUTHORISATION FORM FOR BIDDING BY TELEPHONE, INTERNET OR PROXY I hereby instruct Network Auctions (the ‘Auctioneers’) to bid on my behalf in accordance with the terms and conditions shown in this agreement. I acknowledge that if my bid is successful I will have entered into a binding contract to purchase the lot and authorise the Auctioneers herewith to sign the auction contract on my behalf.

Name .......................................................................................

Telephone (tick)

Internet (tick)

Proxy (tick)

Address ............................................................................................................................ Postcode ...................................................... TELEPHONE NUMBERS

Business ................................................... Home ............................................................ Mobile .......................................................... Email address .......................................................................................................................................................................................... Address of Lot ................................................................................................................ Postcode ...................................................... Lot No. ....................................................................................................................................................................................................... Amount of deposit ................................................................................................................................................................................... Maximum bid (Figures) .............................................................................. (Words) ............................................................................... Solicitors ................................................................................................................... Solicitors Tel No. ................................................ Contact Name ................................................................................................................. Email ............................................................. Solicitors Address .......................................................................................................... Postcode ...................................................... Signed .............................................................................................................................. Date ..............................................................

TERMS & CONDITIONS FOR BIDDING BY TELEPHONE, INTERNET OR PROXY 1. The completed form must be delivered to Network Auctions (133 The Parade, Watford, Hertfordshire, WD17 1NA) no later than twenty four hours prior to the auction with the appropriate payment. If you intend to bid for more than one lot then a separate form for each lot must be completed. 2. The completed form must be delivered with a payment to include the deposit of 10% of the maximum bid (subject to a minimum of £2,500) and the auctioneers’ administration fee of £750 plus vat (£900). This payment can be made by cheque or banker’s draft (payable to Network Auctions). Payments by credit card or cash cannot be accepted. Cheques supplied by unsuccessful bidders will be destroyed. 3. If the bidder purchases the lot at less than ten times the sum of the deposit provided, the whole of the deposit provided will be used as the deposit payment and an adjustment will be made at completion by the seller’s solicitors who will provide a completion statement showing the adjustment. 4. The bidder is deemed to have inspected the legal pack and to have taken all necessary legal and other professional advice prior to bidding. The bidder is also deemed to have viewed the property (where viewings are made available by the Auctioneers). 5. The bidder is deemed to have full knowledge of the General and Special Conditions of Sale and the Notice to All Prospective Buyers therein. The bidder is also deemed to have full knowledge of any addendum produced by the Auctioneers at or prior to the auction. Bidders are advised to check whether any relevant addendum has or will be produced, but

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

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

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

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

7. If the bidder attends the saleroom without having cancelled this agreement and bids for the lot in person, the Auctioneers are free to accept such bids in addition to any bids made under this agreement. 8. The Auctioneers assume that the bidder is bidding for himself/herself. If the bidder intends to purchase the lot in a name other than his/her personal name (and other than as shown on page 1 of thisagreement), arrangements must be made with the Auctioneers in advance. Proof of Identity The completed form must be delivered with proofs of identity as detailed in the auction catalogue. Without these the Auctioneers will be unable to action this bid. In addition to the above terms and conditions the following applies to internet bidders only: 1. Internet bidders accept that access to Essential information Group’s (EIG) services (via EIG’s or Network Auctions’ website or services) could be interrupted or withdrawn at any time. If you intend to bid by internet you should also consider making an alternative provision for making bids prior to the auction. Neither the Auctioneers nor EIG have any liability if a bid fails to be received by us or if the bid is delayed or made in error for any reason.

2. If telephone contact is ‘lost’ or a connection cannot be made the bidder hereby authorises the Auctioneers to bid on his/her behalf up to the maximum bid amount shown on page 1 of this agreement. 3. A bidder bidding by telephone may exceed the maximum bid amount shown on page 1 and undertakes to provide the additional deposit funds (the difference between the deposit provided and 10% of the purchase price) to the Auctioneers immediately post auction. 4. The Auctioneers reserve the right not to bid on behalf of the bidder in the event of any uncertainty, error or disagreement and give no guarantee that any bid can be communicated to the Auctioneer prior to any other bids made in the saleroom. In addition to the above terms and conditions the following two apply to proxy bidders only: 1. The Auctioneers will make bids for the bidder up to the maximum amount shown on page 1 of this agreement, but not higher under any circumstances. 2. The Auctioneers undertake with the bidder to make an initial bid on the bidder’s behalf at a figure no higher than the reserve price and further undertake to bid incrementally on the bidder’s behalf as per other bids made in the saleroom.

www.networkauctions.co.uk

memorandum

date: ..................................................................................................................................................................................................

name of seller: .................................................................................................................................................................................

address of seller: ............................................................................................................................................................................

name of buyer: .................................................................................................................................................................................

address of buyer: ............................................................................................................................................................................

Phone number: .................................................................... email: ................................................................................................

Lot number: ......................................................................................................................................................................................

address: ............................................................................................................................................................................................

‘the Price’: ........................................................................................................................................................................................ ‘Administration Charge’: £750 +VAT payable by the buyer to The Auctioneers in addition to ‘The Price’

‘the Completion date’: ....................................................................................................................................................................

deposit Paid to auctioneers: ..........................................................................................................................................................

balance due at Completion:............................................................................................................................................................ The seller agrees to sell and the buyer agrees to buy ‘The Lot’ for ‘The Price’ and to complete the purchase on ‘The Completion Date’. This agreement is subject to the Auctioneers’ Conditions of Sale, Common Auction Conditions (Edition 3) and General Conditions of Sale (as published in the auction catalogue) and the Special Conditions of Sale (as provided in the Legal Pack and as settled by the seller’s solicitors). signed on behalf of the seller: ....................................................................................................................................................... By Network Auctions for and on behalf of the seller

signed by the buyer: .......................................................................................................................................................................

buyer’s solicitors: ............................................................................................................................................................................

Phone number: .................................................................... email: ................................................................................................

name of solicitor: ............................................................................................................................................................................

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