Online Catalogue - Auction House London

					                   auction
                   HOUSE
                        London




          Tuesday 6 September 2011, 12 noon
Danubius Hotel, Regents Park, 18 Lodge Road, London, NW8 7JT
Auction programme                                                                                                                   auction
                                                                                                                                   HOUSE
                                                                                                                                       London




NEXT AUCTION
THURSDAY 27 OCTOBER 2011
CLOSING DATE 23 September 2011


AUCTION PROGRAMME 2011
Tuesday 8 March
Thursday 19 May
Wednesday 13 July
Tuesday 6 September
Thursday 27 October
                                                                            Auction venue
Tuesday 13 December                                                         Danubius Hotel, Regents Park, 18 Lodge Road,
                                                                            St Johns Wood, London NW8 7JT
THE AUCTIONEERS
                                                                            By tube
3 Belgrave Gardens                                                          Take the Jubilee line to St. John’s Wood. Turn left onto Wellington
                                                                            Road. At the end of Wellington Road, cross the lights, turn left
St Johns Wood                                                               onto Park Road, then take first right into Lodge Road, where the
                                                                            entrance is.
London NW8 0QY
Tel: +44(0)20 7625 9007
Fax: +44(0)20 7990 9979




MONEY LAUNDERING REGULATIONS
In order to confirm with the Money Laundering Regulations, all prospective purchasers must be able to verify
their identity. The following schedule of documents must be provided to the auctioneers either at the auction
or at the point of signing contracts prior or post sale, in order for us to be able to conduct business with you.
Each purchaser must provide one original document from the following lists.
LIST A                                             LIST B
• Current Signed Passport                          • Utility Bill Issued Within the Last Three Months (Mobile Phone Bill Not Acceptable)
• Current UK Photocard Driving Licence             • Local Authority Tax Bill (Valid for the Current Year)
• Current Full UK Driving Licence                  • Bank or Building Society Statement (Must Contain Current Address)
    (old version)                                  • The Most Recent Original Mortgage Statement
• Firearms Certificate                             • Confirmation from the Electoral Roll
If you are acting as AGENT, on behalf of another party, the auctioneers will require true certified copies of the buyers identification and
identification of yourself as listed above, together with a letter of authority from the principal buyer authorising you to bid on their behalf.
If you are bidding on behalf of a company, the above documentation will be required along with a letter of authority from the said company to
purchase on their behalf.

2                                                  Legal packs available for each lot at – www.auctionhouselondon.co.uk
A word from the Auctioneer                                                                                            auction
                                                                                                                      HOUSE
                                                                                                                          London



Welcome to our September auction
catalogue. Our first three auctions so far
this year have been particularly pleasing
with an average sale rate of 82% and in
excess of £12,500,000 raised.

Once again, I am delighted to present
you with an array of residential and
commercial stock including numerous
investments offering very attractive
returns. As always, I would like to take
this opportunity to thank our vendors for
their instructions. We are offering lots on
behalf of mortgagees in possession,
executors, receivers and property
companies as well as private individuals.     On behalf of everyone at Auction House,      just hope that by the time this catalogue
                                              I would like to take this opportunity to     is being read, London and the rest of the
I hope you find plenty of properties that     congratulate Charles Thomas, one of my       UK would have seen an end to the
interest you in this catalogue and if you     valued staff members, who is getting         troubles that have engulfed us for the
have any queries whatsoever, please           married this week. This is contrary to       past few days and that normal life is
email us at                                   some of the advice he has received from      restored.
info@auctionhouselondon.co.uk or              the older generation over the past few
call us on 020 7625 9007.                     weeks - one client in particular             All that’s left for me to say is that I hope
                                              vociferously telling him to “run while he    to see you at the auction on September
We have settled in nicely to our new          still can”.                                  6th and in the meantime, if you are off on
offices in St Johns Wood and it appears                                                    your holidays over the next week or two,
that we are now far more accessible to        On a slightly sombre note, at the time of    have a great time.
clients as our “drop in” rate has             writing London is experiencing some
increased somewhat from our time in           truly shocking scenes and I sincerely hope   Thank you
Barnet!                                       that no-one reading this has suffered        Andrew Binstock
                                              anything graver than the general             Director & Auctioneer
                                              inconvenience of roads being closed off. I


MEET THE TEAM
                       Andrew Binstock                                                     Oliver Barron
                       andrew@auctionhouselondon.co.uk                                     oliver@auctionhouselondon.co.uk




                       Charles Thomas                                                      Stuart Laing
                       charles@auctionhouselondon.co.uk                                    stuart@auctionhouselondon.co.uk




Legal packs available for each lot at – www.auctionhouselondon.co.uk                                                                 3
Notice to prospective buyers                                                                                                 auction
                                                                                                                             HOUSE
                                                                                                                                 London



1 The Auctioneer will generally offer the lots in the order as              bid on behalf of the vendor up to the reserve. At the fall of the
    shown in the catalogue, although they reserve the right to              hammer the successful bidder will be under a binding contract
    amend the order of sale.                                                to purchase the property in accordance with the general and
2 The addendum is an important document and provides details                special conditions of sale, together with addendum and
    of amendments to the catalogue and Conditions of Sale.                  contents of this notice. The buyer will be required to supply
    Prospective buyers should ensure that they inspect this                 without delay their name and address, solicitors details,
    document as it’s contents will form part of the sales contract.         identification and deposit. They will then be required to sign
    Prospective buyers should ensure that they have a copy of the           the auction memorandum. Should the buyer refuse, the
    catalogue and addendum prior to bidding and are deemed to               auctioneer is legally entitled to sign the memorandum on behalf
    have read these documents whether they have done so or not.             of the buyer or alternatively offer the lot to the under bidder or
3 We will always endeavour to inform prospective purchasers of              re-offer to the room and claim any resultant loss against the
    variations to the catalogue, when such changes are brought to           original buyer.
    their attention. The auctioneers nor their clients can be held          Completion of the sale and payment of the balance of the
    responsible for any losses, damages or abortive costs incurred          purchase money is 28 days after the exchange of contracts
    in respect of lots that are withdrawn or sold prior to auction.         unless the conditions of sale provide otherwise.
4 Prospective buyers bid on the basis that they have checked the         8 A deposit amount of 10% of the selling price (plus VAT where
    General Conditions of Sale, that are detailed at the back of the        applicable) is required for each lot subject to a minimum of
    catalogue, and the Special Conditions of Sale relating to each          £2,000 unless otherwise stated by the auctioneer. Payment
    individual lot. If there is a conflict between then, the Special        can be made by bankers draft, building society cheque,
    Conditions of Sale shall prevail. Details are contained within          company cheque or personal cheque. Please note we will not
    the legal packs for each lot that are available for inspection at       accept cash or card deposits under any circumstances. The
    the offices of the relevant auction firm, download from the             auctioneers only accept deposit cheques on the basis that
    internet or by special request by post. Legal documents will            there are adequate funds in the account on which the cheque
    also be available in the auction room on the day of the sale.           is drawn and reserve the right to take any action as
5 Prospective buyers bid on the basis that they are deemed to               appropriate against a purchaser whose cheque is not
    have inspected all lots, have made all necessary enquiries and          honoured on first presentation.
    have checked the legal documentation. Buyers are deemed to           9 A successful purchaser will also be required to pay a Buyer’s
    be satisfied that they fully understand their content. The              Administration charge of £300 plus VAT by cheque made
    auctioneers strongly suggest that buyers take legal and                 payable to Auction House London.
    professional advice prior to bidding on any lot. The auctioneers     10 Unless otherwise stated all property is sold subject to a
    will make every possible endeavour to provide access to all lots        reserve price whether declared or not.
    prior to the sale although this can not be guaranteed. The           11 Please note that purchasers will not be entitled to keys or
    auctioneers will attempt to answer any queries prior to                 access to properties until completion of the sale. If access is
    auction and in the auction room. The auctioneer will not be             required it may be arranged through the auctioneers with the
    able to answer any questions whilst the auction is proceeding.          express permission of the vendor.
6 Guide prices are given purely as an indication of the                  12 No representation or warranty is made in respect of the
    Auctioneer’s opinion as to a level that each particular lot may         structure of any properties nor in relation to their state of
    achieve only. The guide prices that may be varied at anytime            repair. The auctioneers advise that all prospective buyers
    prior to the auction, are given without any liability on behalf of      should arrange for a survey of the particular lot by a
    the auctioneers and should not be regarded as a valuation.              professionally qualified person.
    The guide price and eventual sale price may differ in some           13 Unless otherwise provided in the Special Conditions of Sale, all
    instances substantially.                                                lots are sold exclusive of VAT.
7 On the day of sale it is the bidder’s duty to attract the              14 If bidding by telephone, the auctioneers accept no liability for
    Auctioneer’s attention and prospective buyers are therefore             poor signal or being unable to reach the prospective buyer at
    advised to bid clearly without delay. Bids may be refused at the        the time required.
    auctioneers discretion and the auctioneers reserve the right to

4                                                 Legal packs available for each lot at – www.auctionhouselondon.co.uk
Local Knowledge National Strength
        Auction House is the fastest growing auctioneering network in the UK and an
       Auction House is the fastest growin
        increasingly attractive alternative to the major London players and corporate
                      e
       UK and an increasingly a         e alt
                               attractive a
       players and corporate firms. Now op
        firms. Now operating from 30 regional auction rooms with others set to open
       rooms with others set to open short
        shortly, Auction House is the most effective independent option available to
             iv independent option availab
       effective in    n nt
                             s
                                 i n
       from auction rooms easily accessibl
        local sellers, and operates from auction rooms easily accessible to local buyers.
       Regional Auction House are run by
                     u
       experienced Auctioneers who have
        Regional Auction House’s are run by prominent Estate Agents and experienced
             t
       market experience. Auction House
       expertise along with national adverti
       c
        Auctioneers who have a wealth of local knowledge and market experience.
             n           c knowledge a
       combination of llocall k   ed and
         Auction House offers that local capability and expertise along with national advertising and marketing
                                i
       successful and compelling.

          – a combination of local knowledge and national strength that is both successful and compelling.

                                      1        Norfolk & North Suffolk   10 Cumbria                 21   Stephenson & Son
                                      2        Drewery & Wheeldon        11 Southern Counties       22   Lancashire
                                      3        South Essex               12 North East              23   Surrey
                                      4        Newton Fallowell          13 East Kent               24   Ryder & Dutton
                                      5        Coventry &                14 Humphreys               25   Leicestershire &
                                               Warwickshire              15 Smith & Sons                 Rutland
                                      6        Suffolk & North Essex     16 South Buckinghamshire   26   Northamptonshire
                                      7        Cambridgeshire            17 Leeds, Bradford &       27   London
                                      8        Dee Atkinson &               Wakefield               28   Hertfordshire &
                                               Harrison                  18 South West Wales             Middlesex
                 28                   9        South Yorkshire/North     19 Tees Valley             29   Edwards Moore
                   27                          Derbyshire                20 Thames Valley           30   Mansbridge & Balment



                                          Please visit our website for more information
                                                  www.auctionhouse.uk.net
Results from 13 July auction                                      78%  £5.1m                         auction
                                                                  SOLD
                                                                                Raised               HOUSE
                                                                                                        London




                   D                            D                            D                           D
       S OL                           S OL                        S OL                         S OL
Flat 65, Caernarvon House,                                 Flat 37, Chaucer Court,       Flat 21, Mcmillan House,
Hallfield Estate, Paddington,   35A Tanfield Road,         Milton Garden Estate          Arica Road, Brockley,
London W2 6EQ                   Croydon, Surrey CR0 1AN    Stoke Newington N16 8TS       London SE4 2PU
£345,000+                       £110,000+                  £100,000+                     £120,000+




           O LD                           O LD                        O LD                         O LD
       S                              S                           S                            S
8 Swan Close, Ivinghoe          Brick House, Stambridge    First & Second Floor Flats,   2 The Grange, Woburn
Aston, Leighton Buzzard,        Road, Great Stambridge,    89 Haverstock Hill Belsize    Road, Leighton Buzzard,
Buckinghamshire, LU7 9DN        Essex, SS4 2AR             Park, London NW3 4RL          Bedfordshire LU7 0AP
£240,000+                       £825,000+                  £280,000+                     £500,000+




           O LD                           O LD                        O LD                         O LD
       S                              S                           S                            S
102 Queens Road,                51 Lea Lane, Netherton,    Flat 8, 24 Queensborough      Unit 4 Sovereign Business
Aldershot, Hampshire            Huddersfield,              Terrace, Bayswater,           Centre, Stockingswater
GU11 3JU Hampshire              West Yorkshire HD4 7DP     London W2 3SS London          Lane, Enfield, Middlesex
£300,000+                       £35,000+                   £600,000+                     EN3 7JX £400,000+




           O LD                           O LD                        O LD                         O LD
       S                              S                           S                            S
22 Balmoral Road,
Dunscroft, Doncaster,           50 Pinner Road, Bushey,    8 St Edmunds Way, Harlow,     10 Louden Road, Cromer,
South Yorkshire DN7 4LH         Hertfordshire WD19 4ED     Essex CM17 0BN                Norfolk, NR27 9EF
£95,000+                        £175,000+                  £120,000+                     £110,000+



                                    NOW ACCEPTING INSTRUCTIONS
               LD
       SO                            FOR OUR FORTHCOMING SALE
                                          Thursday 27 October
Flat 1, 24 Buckleigh Road,
Streatham, London,
                                       Closing date 23 September
SW16 5SA

6                                         Legal packs available for each lot at – www.auctionhouselondon.co.uk
Order of sale 6 September auction                                                                                auction
                                                                                                                 HOUSE
                                                                                                                    London



1      Flat A, 423 Hornsey Road, Archway, London, N19 4DX                              London                       £155,000+
2      Flat 1, 16 Garath Drive, Edmonton, London, N9 9YY                               London                       £125,000+
3      5 Grange Road, Grays, Essex, RM17 6RE                                           Essex                        £120,000+
4      98 Bravington Road, Maida Vale, London W9 3AL                                   London                       £650,000+
5      162a Ramuz Drive, Westcliffe-On-Sea, Essex SS0 9JL                              Essex                         £75,000+
6      29A St Cyprians Street, Tooting, London, SW17 8SZ                               London                       £215,000+
7      64 Tivoli Crescent, Brighton, East Sussex, BN1 5ND                              Sussex                       £285,000+
8      2 Mizpah Street, Burnley, Lancashire, BB10 4DD                                  Lancashire                     £15,000+
9      22 Hurstbourne Close, Havant, Hampshire, PO9 4NU                                Hampshire                     £80,000+
10     595 Forest Road, Walthamstow, London E17 4PP                                    London                          £7,000+
11–16 A Portfolio Of Six Freehold Properties Comprising                                West Midlands                £550,000+
       Five Houses In Birmingham and One House In Stoke
17     5 Stanley Way, Orpington, Kent, BR5 2HE                                         Kent                          £80,000+
18     7 Stanley Way, Orpington, Kent, BR5 2HE                                         Kent                          £75,000+
19     3 Cumberland Road, Walthamstow, London E17 5RR                                  London                       £195,000+
20     11 St Albans Street, Tow Law, Bishop Auckland, County Durham, DL13 4DY          County Durham        £35,000–£45,000
21     16 Knebworth Avenue, Walthamstow, London, E17 5AJ                               London                       £195,000+
22     52 Peelers Court, St Andrews Road, Bridport, Dorset, DT6 3HB                    Dorset                        £75,000+
23     1 Ebenezer Row, Bridgnorth, Shropshire, WV16 4AU                                Shropshire                    £40,000+
24     13 Liverpool Road South, Burscough, Ormskirk, Lancashire L40 7SU                Lancashire                   £100,000+
25     88 Lilford Road, Camberwell, London, SE5 9HR                                    London                         £17,500+
26     The Swan, Willow Wren Wharf, Hayes Road, Southall, Middlesex, UB2 5HB           Middlesex                     £75,000+
27     13 St Albans Road, Dartford, Kent, DA1 1TF                                      Kent                         £155,000+
28     250 Sydney Road, Muswell Hill, London, N10 2RS                                  London                       £330,000+




PROXY,TELEPHONE AND INTERNET BIDDING
If you are unable to attend the auction but would like to bid    bidder’s maximum bid. In addition, the buyer’s fee of £300
on a property, then Auction House London will accept bids        plus VAT will also be added.
by proxy, telephone or via the online service.
                                                                 Unsuccessful bidders will have the cheque returned
Simply go to our website and download the relevant form          to them or it will be destroyed dependant upon their
from the bidding forms page (if you’re reading this on a pdf,    instructions. The auctioneers will also require identification
simply copy and paste this link into your browser: http://       to accompany the form and cheque in accordance with the
www.auctionhouselondon.co.uk/bidding_forms.html) In all          money laundering regulations.
cases buyers will be required to fill out the relevant bidding
                                                                 Proxy, telephone and Internet bidding forms, together with
form prior to the auction day. A deposit cheque will be
                                                                 terms and conditions for submitting bids in this manner, are
required to accompany the bidding form and will only be
                                                                 available online as detailed above or you can call us on
banked in the event that your bid is successful. The cheque
                                                                 020 7625 9007 and we’ll happily fax you the relevant form
should be made payable to Auction House London and
should be left blank or filled in to represent 10% of the

Legal packs available for each lot at – www.auctionhouselondon.co.uk                                                              7
    LOT
               Flat A, 423 Hornsey Road, Archway, London, N19 4DX
    1
A Lower Ground Floor One Bedroom Garden Flat.                          GUIDE PRICE £155,000+
Offered with Vacant Possession

Tenure                                Accommodation
Leasehold. There are                  Lower Ground Floor
approximately 118 years               Reception Room
unexpired on the lease.               Bedroom
                                      Kitchen
Location                              Bathroom with WC and wash
The property is situated in the       basin
north London area of Archway
close to local shops and amenities.   Exterior
Transports links are provided by      The property benefits from a
Archway underground station           private rear garden
(Northern line) and Upper
Holloway rail station.

Description
The property comprises a one
bedroom lower ground floor flat
situated within a detached
building arranged over lower
ground, raised ground and first
floors.




    LOT
               Flat 1, 16 Garath Drive, Edmonton, London, N9 9YY
    2
A Vacant First Floor Two Bedroom Flat                                  GUIDE PRICE £125,000+
Tenure                                Accommodation
Leasehold. The property has 119       First Floor
years unexpired on the lease          Reception Room
                                      Two Bedrooms
Location                              Kitchen
The property is situated in the       Bathroom with WC and wash
north London residential area of      basin
Edmonton close to the shops and
restaurants of The Broadway.          Exterior
Transport links are provided by       The property benefits from
Edmonton Green rail station.          allocated parking and communal
                                      gardens
Description
The property comprises a first
floor two bedroom flat situated
within a purpose built block
arranged over ground and three
upper floors.




8                                                 Legal packs available for each lot at – www.auctionhouselondon.co.uk
    LOT
                5 Grange Road, Grays, Essex, RM17 6RE
     3
A Vacant Three Bedroom Mid Terrace House                                       GUIDE PRICE £120,000+
Tenure                                Accommodation
Freehold                              Ground Floor
                                      Double Reception Room
Location                              Kitchen
Grange Road is situated in the        Bathroom with WC and
residential area of Grays a short     wash basin
walk from shops and restaurants
in the town centre. Transport         First Floor
links are provided by Grays rail      Three Bedrooms
station and the M25 motorway
(junction 31) is within easy reach.   Exterior
                                      The property benefits from a
Description                           Rear Garden
The property comprises a three
bedroom mid terrace house             By order of Regis Group PLC
arranged over ground and first        www.regisplc.com
floors. The property requires
modernisation.




    LOT
                98 Bravington Road, Maida Vale, London W9 3AL
     4
A Mid Terrace Building Arranged to Provide Three                               GUIDE PRICE £650,000+
Self Contained One Bedroom Flats. Offered with
Full Vacant Possession

Tenure                                Description
Freehold                              The property comprises three self
                                      contained one bedroom flats
Location                              within a mid terrace building
The property is situated in the       arranged over ground and two
popular west London residential       upper floors. The whole building
area of Maida Vale close to the       requires refurbishment.
local shops and amenities and
within walking distance of the        Exterior
open spaces of Paddington             The property benefits from a rear
Recreation Ground. Transport          garden demised to Flat 1
links are provided by Queens Park
rail station and Queens Park
underground station (Bakerloo
line).




Accommodation Schedule
Property         Floor         Accommodation
Flat 1           Ground        Reception Room, Bedroom, Kitchen, Bathroom with WC and wash basin. Private rear garden
Flat 2           First         Reception Room, Bedroom, Kitchen, Bathroom with WC and wash basin
Flat 3           Second        Reception Room, Bedroom, Kitchen, Bathroom with WC and wash basin


Legal packs available for each lot at – www.auctionhouselondon.co.uk                                                    9
     LOT
               162a Ramuz Drive, Westcliffe-On-Sea, Essex SS0 9JL
     5
A Vacant First and Second Floor Two Bedroom                           GUIDE PRICE £75,000+
Maisonette

Tenure                                Accommodation
Leasehold. The property is            First Floor
subject to a 99 year lease from 1st   Reception Room
January 2005 and therefore has        Kitchen
approximately 93 years
unexpired.                            Second Floor
                                      Two Bedrooms
Location                              Bathroom with WC and wash
The property is situated in the       basin
residential area of Westcliffe-on-
Sea approximately a mile and a
half from the shops and amenities
of Southend-on-Sea town centre.
Transport links are provided by
Prittlewell rail station.

Description
The property comprises a first
and second floor self contained
two bedroom maisonette
situated within an end of terrace
building arranged over ground,
first and second floors. The
property benefits from a balcony.




     LOT
               29A St Cyprians Street, Tooting, London, SW17 8SZ
     6
A Two Bedroom Ground Floor Garden Flat.                               GUIDE PRICE £215,000+
Offered with Vacant Possession

Tenure                                Accommodation
Leasehold. The property is            Ground Floor
subject to a 99 year lease            Reception Room with open plan
commencing on the 29th                Kitchen
September 1978. Upon                  Two Bedrooms
completion the lease will be          Bathroom with WC and wash
extended back to 99 years.            basin

Location                              Exterior
The property is situated in the       The property benefits from a
south west London residential         private rear garden
area of Tooting within walking
distance of the shops and
amenities of Tooting High Street.
Transport links are provided by
Tooting Broadway underground
station (Northern line) and
Tooting Bec underground station
(Northern line).

Description
The property comprises a two
bedroom ground floor flat
situated within an end of terrace
building arranged over ground
and first floors.

10                                                Legal packs available for each lot at – www.auctionhouselondon.co.uk
   LOT         By Order of the Executors
    7          64 Tivoli Crescent, Brighton, East Sussex, BN1 5ND
A Vacant Three Bedroom Mid Terrace House                                 GUIDE PRICE £285,000+
Tenure                               Accommodation
Freehold                             Ground Floor
                                     Two Reception Rooms
Location                             Kitchen
The property is situated in the
popular residential area of          First Floor
Preston close to local shops and     Three Bedrooms
amenities and within close           Bathroom with WC and wash
proximity to the open spaces of      basin
Preston Park. Transport links are
provided by Preston Park rail        Exterior
station.                             The property benefits from a rear
                                     garden
Description
The property comprises a three
bedroom mid terrace house
arranged over ground and first
floors. The property requires a
program of refurbishment




   LOT         By Order of Mortgagees in Possession
    8          2 Mizpah Street, Burnley, Lancashire, BB10 4DD
A Vacant Two Bedroom End of Terrace House                                GUIDE PRICE £15,000+
Tenure                               Accommodation
Freehold                             Ground Floor
                                     Reception Room
Location                             Kitchen
The property is situated in the      Utility Room
residential area of Burnley
approximately half a mile from the   First Floor
shops and restaurants in the town    Two Bedrooms
centre. Transport links are          Study (accessed via second
provided by the M65 motorway         bedroom)
(junction 10) which is within easy   Bathroom
reach.
                                     Exterior
Description                          The property benefits from a rear
The property comprises a two         yard
bedroom end of terrace house
arranged over ground and first       Joint Auctioneers
floors. The property requires        Auction House Lancashire
modernisation.                       Tel: 01772 772450


                                     auction
                                     HOUSE
                                     LANCASHIRE
                                      the property auction specialist

                                     www.auctionhouse.uk.net




Legal packs available for each lot at – www.auctionhouselondon.co.uk                             11
     LOT
               22 Hurstbourne Close, Havant, Hampshire, PO9 4NU
     9
A Two Bedroom Semi Detached House. Offered                                         GUIDE PRICE £80,000+
with Vacant Possession

Tenure                                 Accommodation
Freehold                               Ground Floor
                                       Reception Room
Location                               Kitchen
The property is situated in the        Utility Room
residential area of Havant close to
the open spaces of Neville Park        First Floor
and approximately 8 miles north        Two Bedrooms
of Portsmouth city centre and its      Bathroom with WC and wash
extensive range of shopping and        basin
leisure facilities. Transport links
are provided by Bedhampton or          Exterior
Havant rail stations and the           The property benefits from side
A3(M) Motorway (junctions 3            and rear gardens
and 4) are easily accessible.

Description
The property comprises a two
bedroom semi detached property
arranged over ground and first
floors.




     LOT
               595 Forest Road, Walthamstow, London E17 4PP
   10
A Freehold Ground Rent Investment secured upon                                     GUIDE PRICE £7,000+
a Mid Terrace Building currently arranged as
Three Self Contained Flats producing a total
income of £700 per annum.

Tenure                                 Description
Freehold                               The property comprises a ground
                                       rent investment secured upon
Location                               three self contained flats within a
The property is situated in the        mid terrace building arranged
popular east London residential        over ground, first and attic floors.
area of Walthamstow close to the
local shops and restaurants.           Notes
Transport links are provided by        The Landlord manages and
Walthamstow Central                    insures the property
underground station (Victoria
line) and Walthamstow Central          The lessees have not reserved
rail station.                          their rights under section 5 of the
                                       Landlord & Tenant Act 1987




Tenancy Schedule
Property     Floor       Lease Details
Flat A       Ground      125 years from and including 29th September 2010 at a ground rent of £250 per annum. Rising every 25 years
Flat B       First       125 years from and including 29th September 2010 at a ground rent of £250 per annum. Rising every 25 years
Flat C       Attic       125 years from 1st July 2010 at a ground rent of £200 per annum. Rising every 25 years.

Total Current Rent Reserved £700 per annum

12                                                    Legal packs available for each lot at – www.auctionhouselondon.co.uk
      LOT       To Be Offered Either Individually Or Collectively
11–16 A Portfolio Of Six Freehold Properties Comprising Five
                Houses In Birmingham and One House In Stoke
 COLLECTIVE GUIDE PRICE £550,000+




 13                                                  12




     11                                                                                       14
A Portfolio of Six Houses. Two Houses are Vacant. Four Houses                                 15   16
are Subject to Assured Shorthold Tenancies producing a total
income of £28,500

Accommodation & Tenancy Schedule
None of the properties have been inspected by Auction House London.
The following information has been supplied by the vendor:
Lot    Property                  Tenure     Accommodation Tenancy Details
11     47 Radstock Avenue,       Freehold   3 Bed Semi-      Vacant
       Hodge Hill, Birmingham,              Detached House
       B36 8HD
12     238 Goosemoore Lane,      Freehold   3 Bed Detached   AST producing £7,800 per annum
       Erdington, Birmingham,               House
       B23 5QT
13     40 Hampton Court Road,    Freehold   3 Bed Terrace    AST producing £7,500 per annum
       Harbone, Birmingham,                 House
       B17 9AE
14     89 Hall Street,           Freehold   4 Bed Terrace    Vacant
       Middleport, Stoke on                 House
       Trent, ST6 4BD
15     14 Shireland Road,        Freehold   2 Bed Terrace    AST producing £6,300 per annum
       Smethwick, Birmingham,               House
       B6 7DG
16     179 Tame Road, Aston,     Freehold   2 Bed Terrace    AST producing £6,900 per annum
       Birmingham, B6 7DG                   House


Total Combined Current Rent Reserved at £28,500

Legal packs available for each lot at – www.auctionhouselondon.co.uk                                    13
     LOT
               5 Stanley Way, Orpington, Kent, BR5 2HE
     17
A Commercial Investment producing £8,000 per                                      GUIDE PRICE £80,000+
annum

Tenure                                Description
Virtual Freehold. The property is     The property comprises a ground
subject to a 999 year lease at a      floor shop within a mid terrace
peppercorn rent.                      building arranged over ground
                                      and two upper floors.
Location
The property is situated in a
parade of shops on the corner of
Stanley Way and Marion
Crescent, approximately 1 mile
from the town centre. Transport
links are provided by St Mary
Cray rail station giving direct
access into various London
stations and the A224 and M25
Motorway (junctions 3 and 4) are
easily accessible.

Accommodation & Tenancy Schedule
Property            Accommodation                      Lessee                 Lease Terms        Current       Notes
                                                                                                 Rent
Ground Floor Shop   Gross Frontage 21’0” (6.4m)        Mr Hussain t/a The     7 years from 2nd   £8,000        FRI.
Area                Net Frontage 18’6” (5.65m)         Food Store             September 2010                   Rent Reviews every 4
                    Built Depth 30’8” (9.35m)                                                                  years




     LOT
               7 Stanley Way, Orpington, Kent, BR5 2HE
  18
A Commercial Investment producing £7,000 per                                      GUIDE PRICE £75,000+
annum

Tenure                                Description
Virtual Freehold. The property is     The property comprises a ground
subject to a 999 year lease at a      floor shop within a mid terrace
peppercorn rent.                      building arranged over ground
                                      and two upper floors.
Location
The property is situated in a
parade of shops on the corner of
Stanley Way and Marion
Crescent, approximately 1 mile
from the town centre. Transport
links are provided by St Mary
Cray rail station giving direct
access into various London
stations and the A224 and M25
Motorway (junctions 3 and 4) are
easily accessible.

Accommodation & Tenancy Schedule
Property            Accommodation             Lessee                        Lease Terms           Current Rent              Notes
Ground Floor Shop   Gross Frontage 21’6”      H S Ertekin t/a Top Press     15 years from 25th    £7,000 (Rent is £7,500    FRI.
Area                Net Frontage 19’0”        Dry Cleaners (tenant has      December 1999         personal concession of    Rent Reviews every 5 years.
                    Built Depth 30’4”         been in occupation since                            £500 given)
                                              1999)




14                                                  Legal packs available for each lot at – www.auctionhouselondon.co.uk
   LOT
               3 Cumberland Road, Walthamstow, London E17 5RR
  19
A Three Bedroom End of Terrace House subject to                          GUIDE PRICE £195,000+
a Tenancy producing £10,392 per annum

Tenure                               Accommodation
Freehold                             Ground Floor
                                     Double Reception Room
Location                             Kitchen
The property is situated in the
east London residential area of      First Floor
Walthamstow close to local shops     Three Bedrooms
and amenities. Transport links are   Bathroom with WC and wash
provided by Blackhorse Road          basin
underground station (Victoria
line) and Blackhorse Road rail       Exterior
station. The M11 motorway            The property benefits from a rear
(junction 4) is easily accessible.   garden

Description                          Tenancy Details
The property comprises a three       The property is let for a term of
bedroom end of terrace house         3 years and 13 days commencing
arranged over ground and first       13th March 2006 (Holding Over)
floors. The property requires        with a current rent of £866 pcm.
some refurbishment.
                                     We understand that notice
                                     has been served on the
                                     tenant to vacate.

                                     Current Rent Reserved
                                     £10,392 per annum



   LOT
               11 St Albans Street, Tow Law, Bishop Auckland, County
  20 Durham, DL13 4DY
A Two Bedroom End of Terrace Stone Built                                 GUIDE PRICE £35,000 - £45,000
Cottage. Offered with Vacant Possession

Tenure                               Accommodation
Freehold                             Ground Floor
                                     Reception Room
Location                             Kitchen
The property is situated in the      Bathroom with WC and
popular village of Tow Law close     wash basin
to the High Street and
surrounding countryside. The         First Floor
larger town of Bishop Auckland is    Two Bedrooms
within approximately 8 miles and
offers an extensive range of         Exterior
shopping and leisure facilities.     The property benefits from a
Transport links are provided by      small rear courtyard
Bishop Auckland rail station and
the A68 and A1 (junction 61) are     Joint Auctioneers
easily accessible.                   Auction House Tees Valley
                                     Tel: 0845 241 2112
Description
The property comprises a two
bedroom end of terrace stone
built property arranged over
ground and first floors.




Legal packs available for each lot at – www.auctionhouselondon.co.uk                                     15
     LOT
               16 Knebworth Avenue, Walthamstow, London, E17 5AJ
  21
A Three Bedroom End of Terrace House subject to                           GUIDE PRICE £195,000+
a Tenancy producing £10,392 per annum

Tenure                                Accommodation
Freehold                              Ground Floor
                                      Two Reception Rooms
Location                              Kitchen
The property is situated in the
east London residential area of       First Floor
Walthamstow close to local shops      Three Bedrooms
and the Wadham Lodge Sports           Bathroom with WC and wash
Ground is within easy reach.          basin
Transport links are provided by
the M11 motorway (junction 4).        Exterior
                                      The property benefits from a rear
Description                           garden. It has a garage and a
The property comprises a three        driveway to the front providing
bedroom end of terrace house          further off street parking.
arranged over ground and first
floors. The property requires         Tenancy
modernisation.                        The property is let for a term of
                                      3 years and 13 days commencing
                                      17th October 2005 at a rent of
                                      £866pcm (Holding Over).

                                      Current Rent Reserved
                                      £10,392 per annum




     LOT
               52 Peelers Court, St Andrews Road, Bridport,
  22 Dorset, DT6 3HB
A Vacant One Bedroom Second Floor Retirement                              GUIDE PRICE £75,000+
Apartment

Tenure                                house manager and panic alarms
Leasehold. The property is            in each room.
subject to a 125 year lease with
approximately 120 years               Accommodation
unexpired.                            Second Floor
                                      Living Room
Location                              Kitchen
The property is situated in the       Bedroom
residential area of Bridport close    Bathroom with WC and wash
to local amenities and within close   basin
proximity of the town centre.
                                      Exterior
Description                           The property benefits from
The property was constructed by       communal gardens and parking
McCarthy & Stone
(Developments) Ltd and
comprises a second floor one
bedroom apartment arranged
over ground and two upper
floors. The residents must be
over the age of 60 or in the event
of a couple, one must be over the
age of 60 and the other over the
age of 55. It is our understanding
that the apartment can be let out
to tenants. There is also an in

16                                                 Legal packs available for each lot at – www.auctionhouselondon.co.uk
   LOT
               By Order of the Executors
  23 1 Ebenezer Row, Bridgnorth, Shropshire, WV16 4AU
A Vacant One Bedroom End of Terrace Cottage                               GUIDE PRICE £40,000+
Tenure                               Accommodation
Freehold                             There has been no internal
                                     inspection. We understand the
Location                             property is internally arranged as
The property is situated in the      follows:
town of Bridgnorth a short walk
to the shops and restaurants in      Ground Floor
the town centre.                     Reception Room
                                     Kitchen
Description
The property comprises a one         First Floor
bedroom end of terrace cottage       Bedroom
arranged over ground and first       Bathroom
floors. The property requires full
refurbishment.                       Exterior
                                     The property benefits from a rear
                                     yard




   LOT
               13 Liverpool Road South, Burscough, Ormskirk,
  24 Lancashire L40 7SU
A Semi Detached Two Bedroom Chalet Bungalow.                              GUIDE PRICE £100,000+
Offered with Vacant Possession.

Tenure                               Accommodation
Freehold                             Ground Floor
                                     Reception Room
Location                             Bedroom
Situated fronting Liverpool Road     Study
South (A59) at it's junction with    Morning Room
Lordsgate Lane in a popular and      Separate WC with wash basin
well established residential         Conservatory
location.
                                     First Floor
Description                          Bedroom
The property comprises a two         Bathroom with WC and wash
bedroom semi detached chalet         basin
bungalow arranged over ground
and first floors. The property       Exterior
requires modernisation.              The property benefits from front
                                     and rear gardens and off street
                                     parking.

                                     Joint Auctioneers
                                     Sutton Kersh
                                     Tel: 0151 207 6315




Legal packs available for each lot at – www.auctionhouselondon.co.uk                              17
     LOT       By Order of Executors
  25 88 Lilford Road, Camberwell, London, SE5 9HR
A Vacant Leasehold Three Bedroom Mid Terrace                               GUIDE PRICE £17,500+
House

Tenure                                Accommodation
Leasehold. There are 8 years          The property has not been
remaining on the lease                internally inspected. We
                                      understand that the internal
Location                              arrangement is as follows:
The property is situated in the
south east London residential         Ground Floor
area of Camberwell close to local     Two Reception Rooms
shops and restaurants and within      Kitchen/Breakfast Room
close proximity to the open           Bathroom
spaces of Myatts Field. Transport
links are provided by                 First Floor
Loughborough Junction rail            Three Bedrooms
station.                              Bathroom

Description                           Exterior
The property comprises a three        The property benefits from a rear
bedroom mid terrace house             garden
arranged over ground and first
floors. The property requires a       Note
full program of refurbishment.        The property is occupied by
                                      squatters and therefore there will
                                      be no viewings




     LOT
               The Swan, Willow Wren Wharf, Hayes Road, Southall,
  26 Middlesex, UB2 5HB
A Two Bedroom House Boat. Offered with Vacant                              GUIDE PRICE £75,000+
Possession

Tenure                                Accommodation
Freehold                              Lower Floor
                                      Two Bedrooms
Location                              Bathroom
The house boat is situated in a       Kitchen / Breakfast Room
static mooring on The Grand
Canal in the Southall area close to   Upper Floor
local amenities with a Tesco Extra    Double Reception
within walking distance. Transport
links are provided by Hayes and       Exterior
Harlington rail station with direct   The property benefits from a
access into London Paddington         decked area
and the A312 Hayes Bypass and
M4 Motorway (junction 3) are
easily accessible.

Description
The property comprises a two
bedroom steel hulled house boat
arranged over two storeys and
extending to approximately 44’
(13.4m) in length.




18                                                 Legal packs available for each lot at – www.auctionhouselondon.co.uk
   LOT
                13 St Albans Road, Dartford, Kent, DA1 1TF
   27
A Three Bedroom Mid Terrace House. Offered                                 GUIDE PRICE £155,000+
with Vacant Possession

Tenure                                 Accommodation
Freehold                               Ground Floor
                                       Double Reception Room
Location                               Kitchen
The property is situated in a          Bathroom with WC and wash
popular residential area of            basin
Dartford close to the town centre
and local schools. Transport links     First Floor
are provided by Dartford rail          Three Double Bedrooms
station giving direct access into
London and the A2 and M25              Exterior
Motorway (junction 1b) are easily      The property benefits from a rear
accessible.                            garden extending to
                                       approximately 100’ long.
Description
The property comprises a three
double bedroom mid terrace
property arranged over ground
and first floors.




   LOT
                250 Sydney Road, Muswell Hill, London, N10 2RS
  28
A Three Bedroom Semi Detached House. Offered                               GUIDE PRICE £330,000+
with Vacant Possession

Tenure                                 Accommodation
Freehold                               Ground Floor
                                       Reception Room
Location                               Open Plan Kitchen
The property is situated in the
popular residential area of            First Floor
Muswell Hill close to local shops      Three Bedrooms
and restaurants. Transport links       Bathroom with WC and wash
are provided by New Southgate          basin
rail station which is only a short
walk away as well as Arnos Grove       Attic Floor
underground station. The A406          Loft Room
North Circular is easily accessible.
                                       Exterior
Description                            The property benefits from front
The property comprises a three         and rear gardens, off street
bedroom semi detached house            parking and a garage
with loft room arranged over
ground, first and attic floors.




Legal packs available for each lot at – www.auctionhouselondon.co.uk                               19
Common Auction Conditions                                                                                                                                                                                               auction
Common Auction Conditions (3rd Edition August 2009 – reproduced with the consent of the RICS).                                                                                                                          HOUSE
The general conditions (including any extra general conditions) apply to the contract except to the                                                                                                                           London
extent that they are varied by special conditions or by an addendum.


INTRODUCTION                                                                        Old arrears Arrears due under any of the tenancies that are not “new               A5.2     You are obliged to buy the lot on the terms of the sale
The Common Auction Conditions have been produced for real estate                             tenancies” as defined by the Landlord and Tenant (Covenants) Act                   memorandum at the price you bid plus VAT (if applicable).
auctions in England and Wales to set a common standard across the industry.                  1995.                                                                     A5.3     You must before leaving the auction:
They are in three sections:                                                         Particulars The section of the catalogue that contains descriptions of each                 • (a) provide all information we reasonably need from you to
1.        Glossary The glossary gives special meanings to certain words used                 lot (as varied by any addendum).                                                      enable us to complete the sale memorandum (including proof of
          in both sets of conditions.                                               Practitioner An insolvency practitioner for the purposes of the Insolvency                     your identity if required by us);
2.        Auction Conduct Conditions The Auction Conduct Conditions                          Act 1986 (or, in relation to jurisdictions outside the United                      • (b) sign the completed sale memorandum; and
          govern the relationship between the auctioneer and anyone who                      Kingdom, any similar official).                                                    • (c) pay the deposit.
          has a catalogue, or who attends or bids at the auction.They cannot        Price The price that the buyer agrees to pay for the lot.                          A5.4     If you do not we may either:
          be changed without the auctioneer’s agreement.                            Ready to complete Ready, willing and able to complete: if completion                        • (a) as agent for the seller treat that failure as your repudiation of
          We recommend that these conditions are set out in a two-part                       would enable the seller to discharge all financial charges secured                    the contract and offer the lot for sale again: the seller may then
          notice to bidders in the auction catalogue, part one containing                    on the lot that have to be discharged by completion, then those                       have a claim against you for breach of contract; or
          advisory material – which auctioneers can tailor to their needs –                  outstanding financial charges do not prevent the seller from being                 • (b) sign the sale memorandum on your behalf.
          and part two the auction conduct conditions.                                       ready to complete.                                                        A5.5     The deposit:
3.        Sale Conditions The Sale Conditions govern the agreement                  Sale conditions The general conditions as varied by any special                             • (a) is to be held as stakeholder where VAT would be chargeable
          between each seller and buyer.They include general conditions of                   conditions or addendum.                                                               on the deposit were it to be held as agent for the seller, but
          sale and template forms of special conditions of sale, tenancy and        Sale memorandum The form so headed (whether or not set out in the                              otherwise is to be held as stated in the sale conditions; and
          arrears schedules and a sale memorandum.                                           catalogue) in which the terms of the contract for the sale of the                  • (b) must be paid in pounds sterling by cheque or by bankers’
                                                                                             lot are recorded.                                                                     draft made payable to us on an approved financial institution.
Important notice                                                                    Seller The person selling the lot. If two or more are jointly the seller their                 The extra auction conduct conditions may state if we accept any
A prudent buyer will, before bidding for a lot at an auction:                                obligations can be enforced against them jointly or against each of                   other form of payment.
• Take professional advice from a conveyancer and, in appropriate cases, a                   them separately.                                                          A5.6     We may retain the sale memorandum signed by or on behalf of
  chartered surveyor and an accountant;                                             Special conditions Those of the sale conditions so headed that relate to                    the seller until the deposit has been received in cleared funds.
• Read the conditions;                                                                       the lot.                                                                  A5.7     If the buyer does not comply with its obligations under the
• Inspect the lot;                                                                  Tenancies Tenancies, leases, licences to occupy and agreements for lease                    contract then:
• Carry out usual searches and make usual enquiries;                                         and any documents varying or supplemental to them.                                 • (a) you are personally liable to buy the lot even if you are acting
• Check the content of all available leases and other documents relating to         Tenancy schedule The tenancy schedule (if any) forming part of the                             as an agent; and
  the lot;                                                                                   special conditions.                                                                • (b) you must indemnify the seller in respect of any loss the seller
• Check that what is said about the lot in the catalogue is accurate;               Transfer Transfer includes a conveyance or assignment (and “to transfer”                       incurs as a result of the buyer’s default.
• Have finance available for the deposit and purchase price;                                 includes “to convey” or “to assign”).                                     A5.8     Where the buyer is a company you warrant that the buyer is
• Check whether VAT registration and election is advisable;                         TUPE The Transfer of Undertakings (Protection of Employment)                                properly constituted and able to buy the lot.
The conditions assume that the buyer has acted like a prudent buyer. If                      Regulations 2006.
you choose to buy a lot without taking these normal precautions you do              VAT Value Added Tax or other tax of a similar nature.                              GENERAL CONDITIONS OF SALE
so at your own risk.                                                                VAT option An option to tax.                                                       Words that are in bold have special meanings, which are defined
                                                                                    We (and us and our) The auctioneers.                                               in the Glossary.
GLOSSARY                                                                            You (and your) Someone who has a copy of the catalogue or who attends              The general conditions (including any extra general conditions) apply to the
This glossary applies to the auction conduct conditions and the sale                         or bids at the auction, whether or not a buyer.                           contract except to the extent that they are varied by special conditions or
conditions. Wherever it makes sense:                                                                                                                                   by an addendum.
          • singular words can be read as plurals, and plurals as singular words;   AUCTION CONDUCT CONDITIONS
          • a “person” includes a corporate body;                                   A1       Introduction                                                              G1.The lot
          • words of one gender include the other genders;                          A1.1     Words in bold blue type have special meanings, which are defined          G1.1   The lot (including any rights to be granted or reserved, and any
          • references to legislation are to that legislation as it may have been            in the Glossary.                                                                 exclusions from it) is described in the special conditions, or if not
            modified or re-enacted by the date of the auction or the                A1.2     The catalogue is issued only on the basis that you accept these                  so described the lot is that referred to in the sale memorandum.
            contract date (as applicable); and                                               auction conduct conditions.They govern our relationship with you          G1.2   The lot is sold subject to any tenancies disclosed by the special
          • where the following words printed in bold black type appear in                   and cannot be disapplied or varied by the sale conditions (even by               conditions, but otherwise with vacant possession on completion.
            bold blue type they have the specified meanings.                                 a condition purporting to replace the whole of the Common                 G1.3   The lot is sold subject to all matters contained or referred to in the
                                                                                             Auction Conditions).They can be varied only if we agree.                         documents, but excluding any financial charges: these the seller
Actual completion date The date when completion takes place or is                   A2       Our role                                                                         must discharge on or before completion.
        treated as taking place for the purposes of apportionment and               A2.1     As agents for each seller we have authority to:                           G1.4   The lot is also sold subject to such of the following as may affect it,
        calculating interest.                                                                • (a) prepare the catalogue from information supplied by or on                   whether they arise before or after the contract date and whether
Addendum An amendment or addition to the conditions or to the                                   behalf of each seller;                                                        or not they are disclosed by the seller or are apparent from
        particulars or to both whether contained in a supplement to the                      • (b) offer each lot for sale;                                                   inspection of the lot or from the documents:
        catalogue, a written notice from the auctioneers or an oral                          • (c) sell each lot;                                                             • (a) matters registered or capable of registration as local land
        announcement at the auction.                                                         • (d) receive and hold deposits;                                                    charges;
Agreed completion date Subject to condition G9.3: (a) the date                               • (e) sign each sale memorandum; and                                             • (b) matters registered or capable of registration by any
        specified in the special conditions; or (b) if no date is specified, 20              • (f) treat a contract as repudiated if the buyer fails to sign a sale              competent authority or under the provisions of any statute;
        business days after the contract date; but if that date is not a                        memorandum or pay a deposit as required by these auction                      • (c) notices, orders, demands, proposals and requirements of any
        business day the first subsequent business day.                                         conduct conditions.                                                              competent authority;
Approved financial institution Any bank or building society that has                A2.2     Our decision on the conduct of the auction is final.                             • (d) charges, notices, orders, restrictions, agreements and other
        signed up to the Banking Code or Business Banking Code or is                A2.3     We may cancel the auction, or alter the order in which lots are                     matters relating to town and country planning, highways or public
        otherwise acceptable to the auctioneers.                                             offered for sale. We may also combine or divide lots. A lot may be                  health;
Arrears Arrears of rent and other sums due under the tenancies and still                     sold or withdrawn from sale prior to the auction.                                • (e) rights, easements, quasi-easements, and wayleaves;
        outstanding on the actual completion date.                                  A2.4     You acknowledge that to the extent permitted by law we owe you                   • (f) outgoings and other liabilities;
Arrears schedule The arrears schedule (if any) forming part of the special                   no duty of care and you have no claim against us for any loss.                   • (g) any interest which overrides, within the meaning of the Land
        conditions.                                                                 A3       Bidding and reserve prices                                                          Registration Act 2002;
Auction The auction advertised in the catalogue.                                    A3.1     All bids are to be made in pounds sterling exclusive of any                      • (h) matters that ought to be disclosed by the searches and
Auction conduct conditions The conditions so headed, including any                           applicable VAT.                                                                     enquiries a prudent buyer would make, whether or not the
        extra auction conduct conditions.                                           A3.2     We may refuse to accept a bid. We do not have to explain why.                       buyer has made them; and
Auctioneers The auctioneers at the auction.                                         A3.3     If there is a dispute over bidding we are entitled to resolve it, and            • (i) anything the seller does not and could not reasonably know
Business day Any day except (a) a Saturday or a Sunday; (b) a bank holiday                   our decision is final.                                                              about.
        in England and Wales; or (c) Good Friday or Christmas Day.                  A3.4     Unless stated otherwise each lot is subject to a reserve price            G1.5   Where anything subject to which the lot is sold would expose the
Buyer The person who agrees to buy the lot or, if applicable, that person’s                  (which may be fixed just before the lot is offered for sale). If no bid          seller to liability the buyer is to comply with it and indemnify the
        personal representatives: if two or more are jointly the buyer their                 equals or exceeds that reserve price the lot will be withdrawn                   seller against that liability.
        obligations can be enforced against them jointly or against each of                  from the auction.                                                         G1.6   The seller must notify the buyer of any notices, orders, demands,
        them separately.                                                            A3.5     Where there is a reserve price the seller may bid (or ask us or                  proposals and requirements of any competent authority of which it
Catalogue The catalogue to which the conditions refer including any                          another agent to bid on the Seller’s behalf) up to the reserve price             learns after the contract date but the buyer must comply with
        supplement to it.                                                                    but may not make a bid equal to or exceeding the reserve price.                  them and keep the seller indemnified.
Completion Unless otherwise agreed between seller and buyer (or their                        You accept that it is possible that all bids up to the reserve price      G1.7   The lot does not include any tenant’s or trade fixtures or fittings.
        conveyancers) the occasion when both seller and buyer have                           are bids made by or on behalf of the seller.                              G1.8   Where chattels are included in the lot the buyer takes them as
        complied with their obligations under the contract and the balance          A3.6     Where a guide price (or range of prices) is given that guide is the              they are at completion and the seller is not liable if they are not fit
        of the price is unconditionally received in the Seller’s conveyancer’s               minimum price at which, or range of prices within which, the seller              for use.
        client account.                                                                      might be prepared to sell at the date of the guide price. But guide       G1.9   The buyer buys with full knowledge of:
Condition One of the auction conduct conditions or sales conditions.                         prices may change.The last published guide price will normally be at             • (a) the documents, whether or not the buyer has read them; and
Contract The contract by which the seller agrees to sell and the buyer                       or above any reserve price, but not always – as the seller may fix               • (b) the physical condition of the lot and what could reasonably
        agrees to buy the lot.                                                               the final reserve price just before bidding commences.                              be discovered on inspection of it, whether or not the buyer has
Contract date The date of the auction or, if the lot is not sold at the             A4       The particulars and other information                                               inspected it.
        auction: (a) the date of the sale memorandum signed by both the             A4.1     We have taken reasonable care to prepare particulars that                 G1.10 The buyer is not to rely on the information contained in the
        seller and buyer; or (b) if contracts are exchanged, the date of                     correctly describe each lot.The particulars are based on                         particulars but may rely on the Seller’s conveyancer’s written
        exchange. If exchange is not effected in person or by an irrevocable                 information supplied by or on behalf of the seller.You need to                   replies to preliminary enquiries to the extent stated in those replies.
        agreement to exchange made by telephone, fax or electronic mail                      check that the information in the particulars is correct.                 G2.    Deposit
        the date of exchange is the date on which both parts have been              A4.2     If the special conditions do not contain a description of the lot, or     G2.1   The amount of the deposit is the greater of:
        signed and posted or otherwise placed beyond normal retrieval.                       simply refer to the relevant lot number, you take the risk that the              • (a) any minimum deposit stated in the auction conduct
Documents Documents of title (including, if title is registered, the entries                 description contained in the particulars is incomplete or inaccurate,               conditions (or the total price, if this is less than that minimum);
        on the register and the title plan) and other documents listed or                    as the particulars have not been prepared by a conveyancer and                      and
        referred to in the special conditions relating to the lot.                           are not intended to form part of a legal contract.                               • (b) 10% of the price (exclusive of any VAT on the price).
Financial charge A charge to secure a loan or other financial indebtness            A4.3     The particulars and the sale conditions may change prior to the           G2.2   The deposit
        (not including a rentcharge).                                                        auction and it is your responsibility to check that you have the                 • (a) must be paid in pounds sterling by cheque or banker’s draft
General conditions That part of the sale conditions so headed, including                     correct versions.                                                                   drawn on an approved financial institution (or by any other
        any extra general conditions.                                               A4.4     If we provide information, or a copy of a document, provided by                     means of payment that the auctioneers may accept); and
Interest rate If not specified in the special conditions, 4% above the base                  others we do so only on the basis that we are not responsible for                • (b) is to be held as stakeholder unless the auction conduct
        rate from time to time of Barclays Bank plc. (The interest rate will                 the accuracy of that information or document.                                       conditions provide that it is to be held as agent for the seller.
        also apply to judgment debts, if applicable.)                               A5       The contract                                                              G2.3   Where the auctioneers hold the deposit as stakeholder they are
Lot Each separate property described in the catalogue or (as the case may           A5.1     A successful bid is one we accept as such (normally on the fall of               authorised to release it (and interest on it if applicable) to the seller
        be) the property that the seller has agreed to sell and the buyer to                 the hammer).This condition A5 applies to you if you make the                     on completion or, if completion does not take place, to the person
        buy (including chattels, if any).                                                    successful bid for a lot.                                                        entitled to it under the sale conditions.
                                                                                                                                                                       G2.4   If a cheque for all or part of the deposit is not cleared on first


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                                                                                                                                                                                                                             auction
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       presentation the seller may treat the contract as at an end and                         complete on a business day and between the hours of 0930 and                        payable by the tenant in advance on the most recent rent payment
       bring a claim against the buyer for breach of contract.                                 1700.                                                                               date on or within four months preceding completion.
G2.5   Interest earned on the deposit belongs to the seller unless the sale          G6.2      The amount payable on completion is the balance of the price                G11.2 If on completion there are any arrears of current rent the buyer
       conditions provide otherwise.                                                           adjusted to take account of apportionments plus (if applicable) VAT                 must pay them, whether or not details of those arrears are given in
G3.    Between contract and completion                                                         and interest.                                                                       the special conditions.
G3.1   Unless the special conditions state otherwise, the seller is to insure        G6.3      Payment is to be made in pounds sterling and only by:                       G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of
       the lot from and including the contract date to completion and:                         • (a) direct transfer to the Seller’s conveyancer’s client account;                 current rent.
       • (a) produce to the buyer on request all relevant insurance details;                      and                                                                      Part 2 Buyer to pay for arrears
       • (b) pay the premiums when due;                                                        • (b) the release of any deposit held by a stakeholder.                     G11.4 Part 2 of this condition G11 applies where the special conditions
       • (c) if the buyer so requests, and pays any additional premium, use          G6.4      Unless the seller and the buyer otherwise agree, completion                         give details of arrears.
          reasonable endeavours to increase the sum insured or make                            cannot take place until both have complied with their obligations           G11.5 The buyer is on completion to pay, in addition to any other money
          other changes to the policy;                                                         under the contract and the balance of the price is unconditionally                  then due, an amount equal to all arrears of which details are set out
       • (d) at the request of the buyer use reasonable endeavours to                          received in the Seller’s conveyancer’s client account.                              in the special conditions.
          have the buyer’s interest noted on the policy if it does not cover         G6.5      If completion takes place after 1400 hours for a reason other than          G11.6 If those arrears are not old arrears the seller is to assign to the
          a contracting purchaser;                                                             the Seller’s default it is to be treated, for the purposes of                       buyer all rights that the seller has to recover those arrears.
       • (e) unless otherwise agreed, cancel the insurance at completion,                      apportionment and calculating interest, as if it had taken place on         Part 3 Buyer not to pay for arrears
          apply for a refund of premium and (subject to the rights of any                      the next business day.                                                      G11.7 Part 3 of this condition G11 applies where the special conditions:
          tenant or other third party) pay that refund to the buyer; and             G6.6      Where applicable the contract remains in force following                            • (a) so state; or
       • (f) (subject to the rights of any tenant or other third party) hold                   completion.                                                                         • (b) give no details of any arrears.
          on trust for the buyer any insurance payments that the seller              G7.       Notice to complete                                                          G11.8 While any arrears due to the seller remain unpaid the buyer must:
          receives in respect of loss or damage arising after the contract           G7.1      The seller or the buyer may on or after the agreed completion                       (a) try to collect them in the ordinary course of management but
          date or assign to the buyer the benefit of any claim; and the                        date but before completion give the other notice to complete                        need not take legal proceedings or forfeit the tenancy;
          buyer must on completion reimburse to the seller the cost of                         within ten business days (excluding the date on which the notice is                 (b) pay them to the seller within five business days of receipt in
          that insurance (to the extent not already paid by the buyer or a                     given) making time of the essence.                                                  cleared funds (plus interest at the interest rate calculated on a daily
          tenant or other third party) for the period from and including the         G7.2      The person giving the notice must be ready to complete.                             basis for each subsequent day’s delay in payment);
          contract date to completion.                                               G7.3      If the buyer fails to comply with a notice to complete the seller                   (c) on request, at the cost of the seller, assign to the seller or as the
G3.2   No damage to or destruction of the lot nor any deterioration in its                     may, without affecting any other remedy the seller has:                             seller may direct the right to demand and sue for old arrears, such
       condition, however caused, entitles the buyer to any reduction in                       • (a) terminate the contract;                                                       assignment to be in such form as the Seller’s conveyancer may
       price, or to delay completion, or to refuse to complete.                                • (b) claim the deposit and any interest on it if held by a                         reasonably require;
G3.3   Section 47 of the Law of Property Act 1925 does not apply.                                 stakeholder;                                                                     (d) if reasonably required, allow the Seller’s conveyancer to have on
G3.4   Unless the buyer is already lawfully in occupation of the lot the                       • (c) forfeit the deposit and any interest on it;                                   loan the counterpart of any tenancy against an undertaking to hold
       buyer has no right to enter into occupation prior to completion.                        • (d) resell the lot; and                                                           it to the buyer’s order;
G4.    Title and identity                                                                      • (e) claim damages from the buyer.                                                 (e) not without the consent of the seller release any tenant or
G4.1   Unless condition G4.2 applies, the buyer accepts the title of the             G7.4      If the seller fails to comply with a notice to complete the buyer                   surety from liability to pay arrears or accept a surrender of or
       seller to the lot as at the contract date and may raise no                              may, without affecting any other remedy the buyer has:                              forfeit any tenancy under which arrears are due; and
       requisition or objection except in relation to any matter that occurs                   • (a) terminate the contract; and                                                   (f) if the buyer disposes of the lot prior to recovery of all arrears
       after the contract date.                                                                • (b) recover the deposit and any interest on it from the seller or, if             obtain from the buyer’s successor in title a covenant in favour of
G4.2   If any of the documents is not made available before the auction                           applicable, a stakeholder.                                                       the seller in similar form to part 3 of this condition G11.
       the following provisions apply:                                               G8.       If the contract is brought to an end                                        G11.9 Where the seller has the right to recover arrears it must not
       • (a) The buyer may raise no requisition on or objection to any of            If the contract is lawfully brought to an end:                                                without the buyer’s written consent bring insolvency proceedings
          the documents that is made available before the auction.                             • (a) the buyer must return all papers to the seller and appoints                   against a tenant or seek the removal of goods from the lot.
       • (b) If the lot is registered land the seller is to give to the buyer                     the seller its agent to cancel any registration of the contract; and     G12. Management
          within five business days of the contract date an official copy of                   • (b) the seller must return the deposit and any interest on it to          G12.1 This condition G12 applies where the lot is sold subject to
          the entries on the register and title plan and, where noted on the                      the buyer (and the buyer may claim it from the stakeholder, if                   tenancies.
          register, of all documents subject to which the lot is being sold.                      applicable) unless the seller is entitled to forfeit the deposit under   G12.2 The seller is to manage the lot in accordance with its standard
       • (c) If the lot is not registered land the seller is to give to the                       condition G7.3.                                                                  management policies pending completion.
          buyer within five business days an abstract or epitome of title            G9.       Landlord’s licence                                                          G12.3 The seller must consult the buyer on all management issues that
          starting from the root of title mentioned in the special conditions        G9.1      Where the lot is or includes leasehold land and licence to assign is                would affect the buyer after completion (such as, but not limited to,
          (or, if none is mentioned, a good root of title more than fifteen                    required this condition G9 applies.                                                 an application for licence; a rent review; a variation, surrender,
          years old) and must produce to the buyer the original or an                G9.2      The contract is conditional on that licence being obtained, by way                  agreement to surrender or proposed forfeiture of a tenancy; or a
          examined copy of every relevant document.                                            of formal licence if that is what the landlord lawfully requires.                   new tenancy or agreement to grant a new tenancy) and:
       • (d) If title is in the course of registration, title is to consist of       G9.3      The agreed completion date is not to be earlier than the date five                  • (a) the seller must comply with the buyer’s reasonable
          certified copies of:                                                                 business days after the seller has given notice to the buyer that                      requirements unless to do so would (but for the indemnity in
              • (i) the application for registration of title made to the land                 licence has been obtained.                                                             paragraph (c)) expose the seller to a liability that the seller
                registry;                                                            G9.4      The seller must:                                                                       would not otherwise have, in which case the seller may act
              • (ii) the documents accompanying that application;                              • (a) use all reasonable endeavours to obtain the licence at the                       reasonably in such a way as to avoid that liability;
              • (iii) evidence that all applicable stamp duty land tax relating to                Seller’s expense; and                                                            • (b) if the seller gives the buyer notice of the Seller’s intended act
                that application has been paid; and                                            • (b) enter into any authorised guarantee agreement properly                           and the buyer does not object within five business days giving
              • (iv) a letter under which the seller or its conveyancer agrees                    required.                                                                           reasons for the objection the seller may act as the seller intends;
                to use all reasonable endeavours to answer any requisitions          G9.5      The buyer must:                                                                        and
                raised by the land registry and to instruct the land registry to               • (a) promptly provide references and other relevant information;                   • (c) the buyer is to indemnify the seller against all loss or liability
                send the completed registration documents to the buyer.                           and                                                                                 the seller incurs through acting as the buyer requires, or by
       • (e) The buyer has no right to object to or make requisitions on                       • (b) comply with the landlord’s lawful requirements.                                  reason of delay caused by the buyer.
          any title information more than seven business days after that             G9.6      If within three months of the contract date (or such longer period          G13. Rent deposits
          information has been given to the buyer.                                             as the seller and buyer agree) the licence has not been obtained            G13.1 This condition G13 applies where the seller is holding or
G4.3   Unless otherwise stated in the special conditions the seller sells                      the seller or the buyer may (if not then in breach of any obligation                otherwise entitled to money by way of rent deposit in respect of a
       with full title guarantee except that (and the transfer shall so                        under this condition G9) by notice to the other terminate the                       tenancy. In this condition G13 “rent deposit deed” means the deed
       provide):                                                                               contract at any time before licence is obtained.That termination is                 or other document under which the rent deposit is held.
       • (a) the covenant set out in section 3 of the Law of Property                          without prejudice to the claims of either seller or buyer for breach        G13.2 If the rent deposit is not assignable the seller must on completion
          (Miscellaneous Provisions) Act 1994 shall not extend to matters                      of this condition G9.                                                               hold the rent deposit on trust for the buyer and, subject to the
          recorded in registers open to public inspection; these are to be           G10. Interest and apportionments                                                              terms of the rent deposit deed, comply at the cost of the buyer
          treated as within the actual knowledge of the buyer; and                   G10.1 If the actual completion date is after the agreed completion date                       with the buyer’s lawful instructions.
       • (b) the covenant set out in section 4 of the Law of Property                          for any reason other than the Seller’s default the buyer must pay           G13.3 Otherwise the seller must on completion pay and assign its
          (Miscellaneous Provisions) Act 1994 shall not extend to any                          interest at the interest rate on the price (less any deposit paid)                  interest in the rent deposit to the buyer under an assignment in
          condition or tenant’s obligation relating to the state or condition                  from the agreed completion date up to and including the actual                      which the buyer covenants with the seller to:
          of the lot where the lot is leasehold property.                                      completion date.                                                                    • (a) observe and perform the Seller’s covenants and conditions in
G4.4   The transfer is to have effect as if expressly subject to all matters         G10.2 Subject to condition G11 the seller is not obliged to apportion or                         the rent deposit deed and indemnify the seller in respect of any
       subject to which the lot is sold under the contract.                                    account for any sum at completion unless the seller has received                       breach;
G4.5   The seller does not have to produce, nor may the buyer object to                        that sum in cleared funds.The seller must pay to the buyer after                    • (b) give notice of assignment to the tenant; and
       or make a requisition in relation to, any prior or superior title even                  completion any sum to which the buyer is entitled that the seller                   • (c) give such direct covenant to the tenant as may be required by
       if it is referred to in the documents.                                                  subsequently receives in cleared funds.                                                the rent deposit deed.
G4.6   The seller (and, if relevant, the buyer) must produce to each other           G10.3 Income and outgoings are to be apportioned at actual completion                 G14. VAT
       such confirmation of, or evidence of, their identity and that of their                  date unless:                                                                G14.1 Where a sale condition requires money to be paid or other
       mortgagees and attorneys (if any) as is necessary for the other to                      • (a) the buyer is liable to pay interest; and                                      consideration to be given, the payer must also pay any VAT that is
       be able to comply with applicable Land Registry Rules when making                       • (b) the seller has given notice to the buyer at any time up to                    chargeable on that money or consideration, but only if given a valid
       application for registration of the transaction to which the                               completion requiring apportionment on the date from which                        VAT invoice.
       conditions apply.                                                                          interest becomes payable by the buyer;                                   G14.2 Where the special conditions state that no VAT option has been
G5.    Transfer                                                                                • in which event income and outgoings are to be apportioned on                      made the seller confirms that none has been made by it or by any
G5.1   Unless a form of transfer is prescribed by the special conditions:                         the date from which interest becomes payable by the buyer.                       company in the same VAT group nor will be prior to completion.
       • (a) the buyer must supply a draft transfer to the seller at least           G10.4 Apportionments are to be calculated on the basis that:                          G15. Transfer as a going concern
          ten business days before the agreed completion date and the                          • (a) the seller receives income and is liable for outgoings for the        G15.1 Where the special conditions so state:
          engrossment (signed as a deed by the buyer if condition G5.2                            whole of the day on which apportionment is to be made;                           • (a) the seller and the buyer intend, and will take all practicable
          applies) five business days before that date or (if later) two                       • (b) annual income and expenditure accrues at an equal daily rate                     steps (short of an appeal) to procure, that the sale is treated as a
          business days after the draft has been approved by the seller; and                      assuming 365 days in a year, and income and expenditure relating                    transfer of a going concern; and
       • (b) the seller must approve or revise the draft transfer within five                     to some other period accrues at an equal daily rate during the                   • (b) this condition G15 applies.
          business days of receiving it from the buyer.                                           period to which it relates; and                                          G15.2 The seller confirms that the seller
G5.2   If the seller remains liable in any respect in relation to the lot (or a                • (c) where the amount to be apportioned is not known at                            • (a) is registered for VAT, either in the Seller’s name or as a
       tenancy) following completion the buyer is specifically to covenant                        completion apportionment is to be made by reference to a                            member of the same VAT group; and
       in the transfer to indemnify the seller against that liability.                            reasonable estimate and further payment is to be made by seller                  • b) has (unless the sale is a standard-rated supply) made in relation
G5.3   The seller cannot be required to transfer the lot to anyone other                          or buyer as appropriate within five business days of the date                       to the lot a VAT option that remains valid and will not be
       than the buyer, or by more than one transfer.                                              when the amount is known.                                                           revoked before completion.
G6.    Completion                                                                    G11. Arrears                                                                          G15.3 The buyer confirms that:
G6.1   Completion is to take place at the offices of the Seller’s                    Part 1 Current rent                                                                           • (a) it is registered for VAT, either in the buyer’s name or as a
       conveyancer, or where the seller may reasonably require, on the               G11.1 “Current rent” means, in respect of each of the tenancies subject                          member of a VAT group;
       agreed completion date.The seller can only be required to                               to which the lot is sold, the instalment of rent and other sums                     • (b) it has made, or will make before completion, a VAT option in




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                                                                                                                                                                                                                              London



             relation to the lot and will not revoke it before or within three              has read those reports or carried out any investigation) and the           G25.     Warranties
             months after completion;                                                       buyer admits that the price takes into account the environmental           G25.1    Available warranties are listed in the special conditions.
          • (c) article 5(2B) of the Value Added Tax (Special Provisions)                   condition of the lot.                                                      G25.2    Where a warranty is assignable the seller must:
             Order 1995 does not apply to it; and                                   G21.3   The buyer agrees to indemnify the seller in respect of all liability for            • (a) on completion assign it to the buyer and give notice of
          • (d) it is not buying the lot as a nominee for another person.                   or resulting from the environmental condition of the lot.                              assignment to the person who gave the warranty; and
G15.4 The buyer is to give to the seller as early as possible before the            G22.    Service Charge                                                                      • (b) apply for (and the seller and the buyer must use all
          agreed completion date evidence:                                          G22.1   This condition G22 applies where the lot is sold subject to                            reasonable endeavours to obtain) any consent to assign that is
          • (a) of the buyer’s VAT registration;                                            tenancies that include service charge provisions.                                      required. If consent has not been obtained by completion the
          • (b) that the buyer has made a VAT option; and                           G22.2   No apportionment is to be made at completion in respect of                             warranty must be assigned within five business days after the
          • (c) that the VAT option has been notified in writing to HM                      service charges.                                                                       consent has been obtained.
             Revenue and Customs; and if it does not produce the relevant           G22.3   Within two months after completion the seller must provide to              G25.3    If a warranty is not assignable the seller must after completion:
             evidence at least two business days before the agreed                          the buyer a detailed service charge account for the service charge                  • (a) hold the warranty on trust for the buyer; and
             completion date, condition G14.1 applies at completion.                        year current on completion showing:                                                 • (b) at the buyer’s cost comply with such of the lawful instructions
G15.5 The buyer confirms that after completion the buyer intends to:                        • (a) service charge expenditure attributable to each tenancy;                         of the buyer in relation to the warranty as do not place the seller
          • (a) retain and manage the lot for the buyer’s own benefit as a                  • (b) payments on account of service charge received from each                         in breach of its terms or expose the seller to any liability or
             continuing business as a going concern subject to and with the                    tenant;                                                                             penalty.
             benefit of the tenancies; and                                                  • (c) any amounts due from a tenant that have not been received;           G26.     No assignment
          • (b) collect the rents payable under the tenancies and charge VAT                • (d) any service charge expenditure that is not attributable to any                The buyer must not assign, mortgage or otherwise transfer or part
             on them                                                                           tenancy and is for that reason irrecoverable.                                    with the whole or any part of the buyer’s interest under this
G15.6 If, after completion, it is found that the sale of the lot is not a           G22.4   In respect of each tenancy, if the service charge account shows that:               contract.
          transfer of a going concern then:                                                 • (a) payments on account (whether received or still then due              G27.     Registration at the Land Registry
          • (a) the Seller’s conveyancer is to notify the buyer’s conveyancer                  from a tenant) exceed attributable service charge expenditure,          G27.1    This condition G27.1 applies where the lot is leasehold and its sale
             of that finding and provide a VAT invoice in respect of the sale of               the seller must pay to the buyer an amount equal to the excess                   either triggers first registration or is a registrable disposition.The
             the lot;                                                                          when it provides the service charge account;                                     buyer must at its own expense and as soon as practicable:
          • (b) the buyer must within five business days of receipt of the VAT              • (b) attributable service charge expenditure exceeds payments on                   • (a) procure that it becomes registered at Land Registry as
             invoice pay to the seller the VAT due; and                                        account (whether those payments have been received or are still                     proprietor of the lot;
          • (c) if VAT is payable because the buyer has not complied with this                 then due), the buyer must use all reasonable endeavours to                       • (b) procure that all rights granted and reserved by the lease
             condition G15, the buyer must pay and indemnify the seller                        recover the shortfall from the tenant at the next service charge                    under which the lot is held are properly noted against the
             against all costs, interest, penalties or surcharges that the seller              reconciliation date and pay the amount so recovered to the                          affected titles; and
             incurs as a result.                                                               seller within five business days of receipt in cleared funds; but in             • (c) provide the seller with an official copy of the register relating
G16. Capital allowances                                                                        respect of payments on account that are still due from a tenant                     to such lease showing itself registered as proprietor.
G16.1 This condition G16 applies where the special conditions state that                       condition G11 (arrears) applies.                                        G27.2    This condition G27.2 applies where the lot comprises part of a
          there are capital allowances available in respect of the lot.             G22.5   In respect of service charge expenditure that is not attributable to                registered title.The buyer must at its own expense and as soon as
G16.2 The seller is promptly to supply to the buyer all information                         any tenancy the seller must pay the expenditure incurred in                         practicable:
          reasonably required by the buyer in connection with the buyer’s                   respect of the period before actual completion date and the buyer                   • (a) apply for registration of the transfer;
          claim for capital allowances.                                                     must pay the expenditure incurred in respect of the period after                    • (b) provide the seller with an official copy and title plan for the
G16.3 The value to be attributed to those items on which capital                            actual completion date. Any necessary monetary adjustment is to                        buyer’s new title; and
          allowances may be claimed is set out in the special conditions.                   be made within five business days of the seller providing the                       • (c) join in any representations the seller may properly make to
G16.4 The seller and buyer agree:                                                           service charge account to the buyer.                                                   Land Registry relating to the application.
          • (a) to make an election on completion under Section 198 of the          G22.6   If the seller holds any reserve or sinking fund on account of future       G28.     Notices and other communications
          Capital Allowances Act 2001 to give effect to this condition G16;                 service charge expenditure or a depreciation fund:                         G28.1    All communications, including notices, must be in writing.
          and                                                                               • (a) the seller must pay it (including any interest earned on it) to               Communication to or by the seller or the buyer may be given to
          • (b) to submit the value specified in the special conditions to HM                  the buyer on completion; and                                                     or by their conveyancers.
          Revenue and Customs for the purposes of their respective capital                  • (b) the buyer must covenant with the seller to hold it in                G28.2    A communication may be relied on if:
          allowance computations.                                                              accordance with the terms of the tenancies and to indemnify the                  • (a) delivered by hand; or
G17. Maintenance agreements                                                                    seller if it does not do so.                                                     • (b) made electronically and personally acknowledged (automatic
G17.1 The seller agrees to use reasonable endeavours to transfer to the             G23.    Rent reviews                                                                           acknowledgement does not count); or
          buyer, at the buyer’s cost, the benefit of the maintenance                G23.1   This condition G23 applies where the lot is sold subject to a                       • (c) there is proof that it was sent to the address of the person to
          agreements specified in the special conditions.                                   tenancy under which a rent review due on or before the actual                          whom it is to be given (as specified in the sale memorandum) by
G17.2 The buyer must assume, and indemnify the seller in respect of, all                    completion date has not been agreed or determined.                                     a postal service that offers normally to deliver mail the next
          liability under such contracts from the actual completion date.           G23.2   The seller may continue negotiations or rent review proceedings                        following business day.
G18. Landlord and Tenant Act 1987                                                           up to the actual completion date but may not agree the level of            G28.3    A communication is to be treated as received:
G18.1 This condition G18 applies where the sale is a relevant disposal for                  the revised rent or commence rent review proceedings without                        • (a) when delivered, if delivered by hand; or
          the purposes of part I of the Landlord and Tenant Act 1987.                       the written consent of the buyer, such consent not to be                            • (b) when personally acknowledged, if made electronically; but if
G18.2 The seller warrants that the seller has complied with sections 5B                     unreasonably withheld or delayed.                                                      delivered or made after 1700 hours on a business day a
          and 7 of that Act and that the requisite majority of qualifying           G23.3   Following completion the buyer must complete rent review                               communication is to be treated as received on the next business
          tenants has not accepted the offer.                                               negotiations or proceedings as soon as reasonably practicable but                      day.
G19. Sale by practitioner                                                                   may not agree the level of the revised rent without the written            G28.4    A communication sent by a postal service that offers normally to
G19.1 This condition G19 applies where the sale is by a practitioner                        consent of the seller, such consent not to be unreasonably                          deliver mail the next following business day will be treated as
          either as seller or as agent of the seller.                                       withheld or delayed.                                                                received on the second business day after it has been posted.
G19.2 The practitioner has been duly appointed and is empowered to                  G23.4   The seller must promptly:                                                  G29.     Contracts
          sell the lot.                                                                     • (a) give to the buyer full details of all rent review negotiations and            (Rights of Third Parties) Act 1999 No one is intended to have any
G19.3 Neither the practitioner nor the firm or any member of the firm to                       proceedings, including copies of all correspondence and other                    benefit under the contract pursuant to the Contract (Rights of
          which the practitioner belongs has any personal liability in                         papers; and                                                                      Third Parties) Act 1999.
          connection with the sale or the performance of the Seller’s                       • (b) use all reasonable endeavours to substitute the buyer for the
          obligations.The transfer is to include a declaration excluding that                  seller in any rent review proceedings.
          personal liability.                                                       G23.5   The seller and the buyer are to keep each other informed of the            EXTRA GENERAL CONDITIONS
G19.4 The lot is sold:                                                                      progress of the rent review and have regard to any proposals the           Applicable for all lots where the Common Auction Conditions apply.
          • (a) in its condition at completion;                                             other makes in relation to it.
          • (b) for such title as the seller may have; and                          G23.6   When the rent review has been agreed or determined the buyer               1.       The Deposit
          • (c) with no title guarantee; and the buyer has no right to                      must account to the seller for any increased rent and interest             1.1      General Conditions A5.5a shall be deemed to be deleted and
             terminate the contract or any other remedy if information                      recovered from the tenant that relates to the Seller’s period of                    replaced by the following:
             provided about the lot is inaccurate, incomplete or missing.                   ownership within five business days of receipt of cleared funds.                    A5.5a.The Deposit:
G19.5 Where relevant:                                                               G23.7   If a rent review is agreed or determined before completion but the                  a) must be paid to the auctioneers by cheque or bankers draft
          • (a) the documents must include certified copies of those under                  increased rent and any interest recoverable from the tenant has not                 drawn on a UK clearing bank or building society (or by such other
             which the practitioner is appointed, the document of                           been received by completion the increased rent and any interest                     means of payment as they may accept)
             appointment and the practitioner’s acceptance of appointment;                  recoverable is to be treated as arrears.                                            b) is to be held as stakeholder save to the extent of the
             and                                                                    G23.8   The seller and the buyer are to bear their own costs in relation to                 auctioneers’ fees and expenses which part of the deposit shall be
          • (b) the seller may require the transfer to be by the lender                     rent review negotiations and proceedings.                                           held as agents for the seller
             exercising its power of sale under the Law of Property Act 1925.       G24.    Tenancy renewals
G19.6 The buyer understands this condition G19 and agrees that it is fair           G24.1   This condition G24 applies where the tenant under a tenancy has            2.       Buyer’s Administration Charge
          in the circumstances of a sale by a practitioner.                                 the right to remain in occupation under part II of the Landlord and        2.1      Should your bid be successful you will be liable to pay a Buyer’s
G20. TUPE                                                                                   Tenant Act 1954 (as amended) and references to notices and                          Administration Charge of £300 plus VAT upon exchange of
G20.1 If the special conditions state “There are no employees to which                      proceedings are to notices and proceedings under that Act.                          contracts to the Auctioneer.
          TUPE applies”, this is a warranty by the seller to this effect.           G24.2   Where practicable, without exposing the seller to liability or
G20.2 If the special conditions do not state “There are no employees to                     penalty, the seller must not without the written consent of the            3.       Extra Auction Conduct Conditions
          which TUPE applies” the following paragraphs apply:                               buyer (which the buyer must not unreasonably withhold or delay)            3.1      Despite any special condition to the contrary the minimum deposit
          • (a) The seller must notify the buyer of those employees whose                   serve or respond to any notice or begin or continue any                             we accept is £2,000 (or the total price, if less). A special condition
             contracts of employment will transfer to the buyer on                          proceedings.                                                                        may, however, require a higher minimum deposit.
             completion (the “Transferring Employees”).This notification must       G24.3   If the seller receives a notice the seller must send a copy to the
             be given to the buyer not less than 14 days before completion.                 buyer within five business days and act as the buyer reasonably
          • (b) The buyer confirms that it will comply with its obligations                 directs in relation to it.
             under TUPE and any special conditions in respect of the                G24.4   Following completion the buyer must:
             Transferring Employees.                                                        • (a) with the co-operation of the seller take immediate steps to
          • (c) The buyer and the seller acknowledge that pursuant and                         substitute itself as a party to any proceedings;
             subject to TUPE, the contracts of employment between the                       • (b) use all reasonable endeavours to conclude any proceedings
             Transferring Employees and the seller will transfer to the buyer                  or negotiations for the renewal of the tenancy and the
             on completion.                                                                    determination of any interim rent as soon as reasonably
          • (d) The buyer is to keep the seller indemnified against all liability              practicable at the best rent or rents reasonably obtainable; and
             for the Transferring Employees after completion.                               • (c) if any increased rent is recovered from the tenant (whether as
G21. Environmental                                                                             interim rent or under the renewed tenancy) account to the
G21.1 This condition G21 only applies where the special conditions so                          seller for the part of that increase that relates to the Seller’s
          provide.                                                                             period of ownership of the lot within five business days of
G21.2 The seller has made available such reports as the seller has as to                       receipt of cleared funds.
          the environmental condition of the lot and has given the buyer the        G24.5   The seller and the buyer are to bear their own costs in relation to
          opportunity to carry out investigations (whether or not the buyer                 the renewal of the tenancy and any proceedings relating to this.


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