Property Online Property Auction Catalogue November 2017 - Auction 031 - John Pye Auctions
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Auction 031
Online Property Auction
Catalogue November 2017 Property
Starts // Ends //
Wednesday Thursday 16th November
15th November from 11.00am
Open for business in
Manchester
SELL YOUR PROPERTY FOR FREE
John Pye Property
Why sell it any other way…
John Pye Property Auctions Calendar 2017
Auc No. Auction date Deadline for Entries Full Catalogue Released
20 30-31 January 2017 22 December 2016 10 January 2017
21 22-23 February 2017 26 January 2017 07 February 2017
22 15-16 March 2017 16 February 2017 28 February 2017
23 05 - 06 April 2017 09 March 2017 21 March 2017
24 26 - 27 April 2017 30 March 2017 11 April 2017
25 17 - 18 May 2017 20 April 2017 02 May 2017
26 28 - 29 June 2017 07 June 2017 13 June 2017
27 26 - 27 July 2017 30 June 2017 07 July 2017
28 16 - 17 August 2017 20 July 2017 01 August 2017
29 13 - 14 September 2017 24 August 2017 31 August 2017
30 18 - 19 October 2017 28 September 2017 05 October 2017
31 15 - 16 November 2017 26 October 2017 02 November 2017
32 18 - 19 December 2017 28 November 2017 05 December 2017
%
NATIONWIDE ONLINE PROPERTY AUCTION
NO MARKETING COSTS
SELLER
FEES NO ENTRY FEE
/ Residential / 0115 970 6060 / property@johnpye.co.uk
/ Commercial / 020 7456 6750 / johnpye.co.uk
Overview
JOHN PYE ONLINE COMMERCIAL VALUATIONS
PROPERTY AUCTIONS RESIDENTIAL AGENCY
MAINTENANCE & SECURITY
of Properties Online Property Auction
Lot Listing
*Guide Price: Each property is subject to
a Reserve Price which may be different
from the Guide Price
in this Auction Lot
1
2
Property Address
34-35 Western Road, Brighton, BN1 2EB
30-32 Bold Street, Liverpool, L1 4LF
Guide Price*
£1,800,000
£2,700,000
3 65-66 Broad Street, Reading, RG1 2AF £4,500,000
4 20-22 Stockwell Gate, Mansfield, NG18 1LE £1,100,000
5 55-57 Northgate, Darlington, DL1 1TR £1,125,000
6 22-26 Head Street, Colchester, CO1 1NG £3,450,000
7 21-22 High Street, Chelmsford, CM1 1BE £4,500,000
8 35 Victoria Street South, Grimsby DN31 1DL £1,000,000
9 3,7,8 Fountayne House, Lawrence Square, York, YO10 3FG £590,000
10 316 Whitchurch Lane, Edeware, Middlesex, HA8 6QX £1,100,000
11 16 Dracaena Place, Falmouth, TR11 2ET £135,000
12 16 Morland Place, Birmingham, B31 2PF £165,000
13 4-6 Atkinson Street, Shipley, West Yorkshire BD18 3QS £112,500
14 211 Bobbersmill Road, Nottingham, NG7 5JP £95,000
15 26 Broadley Close, Hull, HU9 1EL £25,000
16 281 Mount Pleasant, Newton Road, St Helens, WA9 2PU £49,000
17 31 Greenfield Road, Rotherham, South Yorkshire, S65 3XN £55,000
18 2a Warneford Road, Cleethorpes, Lincolnshire, DN35 7QL £81,500
19 2b Warneford Road, Cleethorpes, Lincolnshire, DN35 7QL £67,500
20 50 Olive Lane, Darwen BB3 0ET £31,500
21 49 Watson Road, Worksop S80 2BA £79,500
22 28 Diamond Avenue, Plymouth, PL4 8QD £225,000
23 5 Wilson Street, Workington, Cumbria CA14 4AZ £150,000
24 15 Lisson Grove, Plymouth PL4 7DL £225,000
25 11 Warwick place, Tewkesbury, Gloucestershire GL20 5EQ £ 65,000
26 4h Steamer Street, Barrow In Furness, LA14 2SG £15,000 - £17,000
27 10A Steamer Street, Barrow In Furness, LA14 2SG £16,500
28 13h Island Road, Barrow In Furness, LA14 2SG £22,500
29 2F Steamer Street, Barrow In Furness, LA14 2SG £17,000
30 The Wellington Hotel, Wellington Street, Clayton Le Moors, Accrington, BB5 5HU £125,000
Important Notice - Proof of Identification
Two forms of identification (from the list below) MUST be provided by the winning bidder within 24 hours of the auction finishing.
Identity Documents • Current signed passport • Current UK photo card driving licence • Current driving licence (old version)
• Residential permit issued by the Home Office to EU Nationals • Inland revenue tax notification • Firearms certificate
Evidence of address • Current driving licence (old version) • A utility bill issued within the last 3 months • Local authority tax bill (current year) •
Bank, building society or credit union statement • Most recent mortgage statement from a UK lender.
Alternatively your solicitor can write to us to confirm your identity.
4 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 5
Prior to Auction
BUYERS GUIDE
Property particulars and 1. Guide Prices 5. Survey Property
auction information All properties being sold through
John Pye Property online auction
Have a surveyor look at the property,
if necessary. Appointments can be
will have guide prices, which will made for the surveyor to access the
feature in the property online auction property, please email John Pye
All information regarding the catalogue. This catalogue will be Property via email with any such
online auction, properties available prior to the auction start requests.
for sale, previews and the date. Guide prices are subject to
change. Up to date guide prices
Online Auction Catalogue 6. Arrange Finance
can also be found on our website:
can be found on our website: johnpye.co.uk/property
It is important your finances are in
johnpye.co.uk/property
place prior to bidding on a lot. If
borrowing is required, the lenders
2. Property Viewings
may require a surveyor to undertake
We strongly advise any interested a valuation report prior to making
parties to view a property before a mortgage offer. It is important
a bid is placed. Viewings will be to make a mortgage application
co-ordinated as either open day as early as possible, as successful
viewings on specific dates or by bids are subject to 20 working days
prior appointment. Details of completion, unless stated otherwise.
specific viewing arrangements You should discuss the nature of
can be found in the online the auction sale and timescales
catalogue. with your lender.
We operate a two day online auction
bidding process, affording buyers
3. Legal Documents
more time to arrange their necessary
For each property the vendor’s finances. Any successful bidder will
solicitors will prepare a legal pack. be required to pay a 10% deposit of
All property legal packs are available the purchase price within 24 hours of
to download on our website johnpye. the online auction ending.
co.uk/property, or from the vendor’s
solicitors - details of which will
be disclosed in the online auction 7. Read and Understand
catalogue for each individual lot. All all Terms and Conditions
legal packs will be made available to
It is important to read and
download at least 7 days prior to the
understand all of the Terms and
online auction commencing.
Conditions of the online property
auction and legal documentation
of the individual lots.
4. Legal Advice
The full Terms and
We recommend you obtain
Conditions can be found at:
independent legal advice prior
johnpye.co.uk/propertyterms
to bidding. Property legal packs and
documentation should be passed
to your legal adviser, who should be
able to help you make an informed
decision about the lot. Further
information may be available from
the vendor’s solicitors.
6 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 7
BUYERS GUIDE
1. Registration to bid 2. Addendum
Before bidding on any property Before the start of the online
during the online auction you must auction, all bidders should check
provide the following through our the addendum sheet, this will detail
website: any changes to the property online
auction catalogue details.
• Registration of bidder
The addendum sheet can be found
• Payment of refundable at: johnpye.co.uk/property
registration fee
3. Bidding Process
Registration of Bidder
The bidding process will take place
You can register to bid on our typically over a two day online
website johnpye.co.uk. auction. Bidding on all lots will begin
You will be required to provide your at the same time.
name, address and contact details
All lots will be offered for sale subject
- you can provide your solicitor’s
to an undisclosed reserve price,
details if you have them. The
unless stated otherwise.
refundable registration fee can
be paid at this stage, which will When bidding begins, bidders can
allow you to bid. bid on lots once the refundable
registration fee has been paid.
We advise all seriously interested
Refundable Registration Fee –
parties provide their proof of
Single Purchase Account
identity at this stage.
In order to set up an online auction
Bids prior to auction may only be
bidding account, each bidder must
made through the online platform.
register and pay a refundable
registration fee of £500 per auction, The online auction will conclude
per property (to bid on one property with a staggered finish of 10 minute
only). The auctioneers reserve the intervals per lot. Once this time
right to increase the refundable has elapsed and the 3 minute rule has
registration fee at their discretion. been applied, the virtual gavel will
effectively fall and the sale will close.
The registration fee is refunded if
no property is purchased; it is also
refunded if your bid is successful and
3 Minute Rule
will be refunded, once the property
has exchanged contracts and the This rule mirrors the principals of a
deposit (which includes the buyer’s live traditional auction whereby an
premium) has been paid. auctioneer will still entertain bids
from interested parties, enabling all
bidders to lodge their interest.
In the event of last minute bids
a 3 minute rule will apply. This
3 minute rule stipulates any party
who bids online within the last 3
minutes of any Lot’s scheduled
closing time will trigger an automatic
extension of a further 3 minutes
of online bidding. This 3 minute
trigger will continue until 3 minutes
has elapsed without any further
competing bids and a winning
bid is achieved
8 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 9
ONLINE BIDDING BUYERS GUIDE
& AFTER AUCTION
Reserve Not Met ONLY ONCE IDENTIFICATION 5. John Pye Auction Fees Registration Points
IS VERIFIED WILL BUYERS for Proof of Identification
If the reserve has not been met, John Pye Auctions Buyer’s Premium
PAYMENT BE ACCEPTED
the auctioneer may then invite is charged at 2% (minimum £2,500) East Midlands Office West Midlands Office Birmingham Office
interested parties to engage in the + VAT of the purchase price. The James Shipstone House, 39-40 Marchington Industrial One Victoria Square,
submission of revised bids and the buyer’s premium will be included in Radford Road, New Basford, Estate, Marchington, Birmingham B1 1BD
10% Buyer’s Payment
reserve price may be disclosed at this the 10% buyer’s payment payable Nottingham NG7 7FQ Staffordshire ST14 8LP (by appointment only)
stage. Sales can still be agreed after The 10% buyer’s payment within 24 hours.
Derby Office London Office Northampton Office
the auction if a price can be agreed (made-up of the deposit and
Failure to pay will result in losing 50 Chequers Road, 5 Old Bond Street 7 West Street, Rusden,
with the seller. buyer’s premium) must be made
the registration fee and you may West Meadows Industrial Estate, Mayfair, London Northampton. NN10 0RT
by online transfer only. The
be banned from bidding again. Derby DE21 6EN W1S 4PD (by appointment only)
minimum buyer’s payment is
4. Successful Bids & £5,000.
10% Buyer’s Payment
Failure to pay within the allocated 6. Completion
Once the online auction has time (24 hours of auction close)
Completion will occur within 20
concluded and the time has elapsed, will mean your winning bid will be
the successful bidder has won
the lot by law. At this point your
withdrawn and potentially offered to
other buyers. The seller has the right
working days from the end of the
auction, unless specifically stated in Take a break from the
the special conditions of sale in the
identification must be proved
(if not done so already) and the 10%
to pursue you for the proceeds of sale
should you fail to pay.
legal documents. The full balance of
sale will be payable on completion
hassles of house buying...
buyers payment of the final auction
of the sale and will be co-ordinated
purchase price (made-up of the
through all designated solicitors.
deposit and buyer’s premium)
must be paid within 24 hours of
auction end. 10% Buyer’s Payment Explained
As a basic example:
Proof of Identification Auction purchase price £150,000 = 10% Buyers Payment of £15,000*
It is best practice to prove identity *10% Buyers Payment breakdown:
prior to the auction commencing to Buyer’s Premium 2% = £3,600 inc. VAT, Deposit of £11,400.
avoid complications toward the end Leaving £138,600 to complete.
of the auction. Satisfactory proof of
identity must be proved within 24
hours of bidding ending, otherwise
we cannot accept your bid and you
may be banned from bidding again.
Two forms of identification will be
required from the winning bidder,
including photo ID ( passport or
driving licence) AND proof of your
address (bank statement or utility
bill - no more than three months old).
Your identification will need to be
provided in person at one of our
four registration points throughout
the country (details opposite).
Alternatively, your solicitor can
write to us confirming your identity.
All proof of identity used will be
subject to satisfactory verification
by John Pye & Sons Ltd.
10 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 11
ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS
LOT 1 34-35 Western Road
Brighton
£1,800,000+ 15th & 16th November 2017 property@johnpye.co.uk
0115 970 6060 LOT 1
East Sussex, BN1 2EB
Accommodation
Ground floor ITZA: 74.78 Sq. M (805 Sq.
BRIGHTON, EAST SUSSEX Ft)
Ground floor: 137.87 Sq. M (1,484 Sq. Ft)
First floor: 47.65 Sq. M (512 Sq. Ft)
Second floor: 63.51 Sq. M (683 Sq. Ft)
Third floor: 27.10 Sq. M (291 Sq. Ft)
Basement: 91.45 Sq. M (984 Sq. Ft)
Total NIA: 367.58 Sq. M (3,956 Sq. Ft)
(Net internal floor area)
Services
We understand the property is connected to
mains electricity, water and drainage. We
advise all interested parties to make their
own enquiries.
Tenure
Freehold, subject to occupational tenancy.
Business Rates
The property has a current rateable value of
£85,000 per annum. We advise all interested
parties to make their own enquiries.
VAT Investment Analysis
The property is not elected for VAT. The property is let to Halifax Plc at a passing rent of £111,900 pa,
representing a gross initial yield of 6.22% based on the guide price.
Buyers Premium
2% (min. £2,500) plus VAT. The lease is full repairing and insuring from 15th June 2007 to 14th June
2022.
Freehold Bank Investment; 6.22% Gross Initial Yield Guide Price*
Blue Chip Tenant; Halifax Plc - Current Rent £111,900 pa
Sold On Behalf Of Joint LPA Receivers £1,800,000+
FEATURES Location Description
• Auction Date: 15th & 16th November 2017 The bank is located on the southern side of This retail premises fronting Western Road,
the busy Western Road, in the popular enjoys full glazed frontage to the ground
• Prime freehold retail investment
south coast city of Brighton, East Sussex. floor with two cash dispensaries and electric
• Completion date: 12th January 2018 double doors on entry.
• Blue chip tenant – Let to Halifax Plc Neighbouring occupiers include H & M,
• Passing rent of £111,900 pa Primark and Marks & Spencer’s, in addition The accommodation is arranged over lower
Churchill Square Shopping Centre is ground, ground and three upper floors.
• Gross initial yield of 6.22% located just a short walk from the property Occupied by Halifax Plc, the accommodation
• GF ITZA: 74.78 Sq. M (805 Sq. Ft) and the famous Brighton Lanes are located is well presented, benefiting from air
• Total: 367.58 Sq. M (3,956 Sq. Ft) just 8 minute walk to the east. conditioning, cat II lighting, suspended
ceilings and a CCTV security system.
• FRI Lease from 15 June 2007 - 14 June
2022 The building is easily accessed by public
transport as Western Road is a main The ground floor is predominantly open plan
• Nearby occupiers include M & S, Primark, thoroughfare through the City. with a customer seating area, cash
H&M
dispensaries and a small partitioned office, Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
The main A23 provides good access to cashiers desk and a rear stairwell to the lower and for the vendors or lessors of this property, whose agent they are, give notice that:
EPC Rating: Central London that lies just 54 miles to the and upper floors. The lower ground, first and 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
Solicitors north. Brighton has a population of second floors are utilised as partitioned of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
approximately 300,000, however as it is a offices and storage space. The staff facilities purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
Shoosmiths Solicitors popular tourist location Brighton also are located to the third floor together with suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
attracts around 7.5 million day visitors each male and female wash rooms. land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
year. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
Price
121 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 213
ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS
LOT 2 30-32 Bold Street
Liverpool
£2,700,000+ 15th & 16th November 2017 property@johnpye.co.uk
0115 970 6060 LOT 2
Merseyside, L1 4LF
Accommodation
Ground floor ITZA: 158.63 m2/ 1,708 ft2
LIVERPOOL, MERSEYSIDE Ground floor: 391.92m2/ 4,219 ft2
First floor: 242.93 m2/ 2,615 ft2
Second floor: 291.51 m2/ 3,138 ft2
Third floor: 287.07 m2/ 3,090 ft2
Total area: 1,465.56 m2/ 15,775 ft2
(Net internal floor area)
Services
We understand the property is connected to
mains electricity, water and drainage. We
advise all interested parties to make their
own enquiries.
Rateable Value
The current rateable value is £90,500. We
advise all interested parties to make their
own enquiries.
Tenure
Freehold, subject to occupational tenancy.
VAT
The property is not elected for VAT.
Investment Analysis
Buyers Premium The property is let to Halifax Plc at a passing rent of £191,600 pa,
2% (min. £2,500) plus VAT representing a gross initial yield of 7.1% based on the guide price.
The lease is full repairing and insuring for a term of 15 years from 15 June
2007- 14 June 2022. There are five yearly upwards only rent reviews to
open market rent.
Freehold Bank Investment; 7.1% Gross Initial Yield Guide Price*
Blue Chip Tenant; Halifax Plc - Current Rent £191,600 pa
Sold On Behalf Of Joint LPA Receivers £2,700,000+
Location Description
FEATURES
The property is prominently located on The property is an attractive period building,
Bold Street on the south east side of with accommodation arranged over
• Auction Date: 15th / 16th November 2017
Liverpool City Centre, in an area better basement, ground and three upper floors.
• Prime freehold retail investment known as Rope Walks or the ‘Independent There is large glazed frontage at street level
• Blue chip tenant – Let to Halifax Plc Quarter’. The property benefits from and the main retail space is accessed via a set
excellent passing footfall. of double doors.
• Passing rent of £191,600 pa
• Gross initial yield of 7.1% based on guide Nearby occupiers include Caffé Nero, To the ground floor the property benefits
price Holland & Barratt, Santander, Lloyds Bank from a predominantly open plan layout, with
• FRI Lease from 15 June 2007-14 June and the Body Shop. ten small partitioned offices, four cashiers
2022 desks and an internal cash dispensary. The
Bold Street is located off Hanover Street accommodation benefits from suspended
• Total area: 1,465.56 m2/ 15,775 ft2 and is well placed for the A562 and the ceilings, air conditioning and a CCTV
• Ground floor ITZA: 158.63 m2 / 1,708 ft2 M62 Motorway. Liverpool Central railway security system. Stairs to the lower ground
• Nearby occupiers Caffé Nero, The Body station (Mersey Line) is easily accessible floor provide access to a staff room, kitchen
Shop, Holland and Barratt and is adjacent to the property off Ranelagh facilities and male and female wash rooms.
Street. Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
• Completion date: 12th January 2018 To the first floor there is a large board room, Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
EPC Rating: The nearby Liverpool One Shopping five further small offices and a storage and for the vendors or lessors of this property, whose agent they are, give notice that:
1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
Centre attracts many other high street cupboard. The second and third floors are of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
Solicitors retailers and is approximately 500 metres not currently occupied, and have exposed should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
west of the property. The famous Liverpool brickwork and beams throughout the purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
Shoosmiths Solicitors suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
Docks, Echo Arena and Chinatown, are all predominantly open plan space. There may Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
within 20 minutes’ walk from Bold Street. be an opportunity to convert the second and land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
third floors into residential in the future, services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
subject to the necessary consents being their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
obtained.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
Price
141 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 215
ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS
LOT 3 65-67 Broad Street
Reading
£4,500,000+ 15th & 16th November 2017 property@johnpye.co.uk
0115 970 6060 LOT 3
Berkshire, RG1 2AF
Description Continued
Externally, there are two cash dispensaries.
Parking is available in the nearby NCP
READING, BERKSHIRE Broad Street Mall located just a few
hundred metres away.
Accommodation
GF ITZA: 127.98 m2/ 1,377 ft2
Ground floor: 304.98 m2 / 3282 ft2
First floor: 237.10 m2 / 2,552 ft2
Second floor: 72.47 m2 / 780 ft2
Third floor: 31.75 m2 / 341 ft2
Total NIA: 646.30 m2 / 6956 ft2
(Net internal floor area)
Tenure
Freehold, subject to occupational tenancy
Services
We understand the property to have mains
gas, electricity, water and drainage. We
advise all interested parties to make their
own enquiries.
Rateable Value
The property has a current rateable value of
£216,000. We advise all interested parties Investment analysis
to make their own enquiries. The property is let to Halifax Plc currently achieving £245,500 pa this
representing a gross initial yield of 5.5% based on the guide price.
VAT
The property is not elected for VAT.
The lease in place is a full repairing and insuring lease from 15 June 2007 to
Buyers Premium 14 June 2022.
2% (min. £2,500) plus VAT
Freehold Bank Investment; 5.5% Gross Initial Yield Guide Price*
Blue Chip Tenant; Halifax Plc - Current Rent: £245,500pa
Sold On Behalf Of Joint LPA Receivers £4,500,000+
Location Description
FEATURES
The property is located on the northern side This large double fronted period brick built
• Auction date: 15th/16th November 2017 of the pedestrianised Broad Street between property is set over four floors and is
the junctions of Union Street and West occupied by Halifax Plc.
• Prime freehold retail investment
Street in the increasingly popular commuter
• Blue chip tenant - Let to Halifax Plc town of Reading, Berkshire. The property is entered at ground floor level
• FRI Lease from 15 June 2007-14 June to the large customer area that hosts several
2022 Reading has a population of around cash dispensers towards the front with
• Passing rent of £245,500 pa 320,000 and attracts the likes of Microsoft, various customer seating areas and frosted
ING Direct and Prudential to have their UK glass partitioned meeting rooms to the left.
• Gross initial yield of 5.5% based on the
guide price head offices situated there. The main banking counters are located to the
rear of the ground floor.
• GF ITZA: 127.98 m2/ 1,377 ft2 Neighboring occupiers of nearby properties
• Total NIA: 646.30 m2 / 6,956 ft2 include Lloyds TSB, Boots, Barclays bank, The first floor has the advantage of further
• Nearby occupiers John Lewis, Next, Broad John Lewis, Superdrug and Caffé Nero. office space and training rooms. The second
Street Mall Broad Street Mall is adjacent to the building floor has additional office space and staff
• Completion date: 12th January 2018 and hosts a good range of national and kitchen/ restroom area. The third floor is Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
international brands that are keen to have a currently used as storage space. Most of the Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
and for the vendors or lessors of this property, whose agent they are, give notice that:
EPC Rating: presence in the area. areas have plastered and painted walls, cat II 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
Solicitors lighting and air conditioning. of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
Well placed for commuters the property is purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
Shoosmiths Solicitors within close proximity to the M4 Motorway suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
and Reading Station is just a short walk Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
away. Reading is 75 miles (121 km) east of services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
Bristol, 25 miles (40 km) south of Oxford, quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
42 miles (68 km) west of London.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
161 Price
Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 217
ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS
LOT 4 20-22 Stockwell Gate
Mansfield
£1,100,000+ 15th & 16th November 2017 property@johnpye.co.uk
0115 970 6060 LOT 4
Nottinghamshire, NG18 1LE
Description Continued
To the first floor there is a spacious staff
room/ kitchen, board room, two further
MANSFIELD, NOTTINGHAMSHIRE small offices, storage cupboard and male
and female wash rooms. The second floor
has three storage rooms, and provides
access to the roof space where the plant
room is located.
Rateable Value
The current rateable value is £98,500 pa.
Figures taken from the VOA and we advise
all interested parties to make their own
enquiries.
Accommodation
Ground Floor ITZA: 171.14 m2 / 1,842 ft2
Ground Floor: 365.32 m2 / 3,932 ft2
First floor: 159.07 m2 / 1,712 ft2
Second floor: 29.34 m2/ 316 ft2
Total area: 553.73 m2/ 5,960 ft2
(Net internal floor area)
Services
We understand the property is connected to
mains electricity, water and drainage
however we advise all interested parties to Investment Analysis
make their own enquiries. The property is let to Halifax Bank Plc at a passing rent of £107,000 pa,
representing a gross initial yield of 9.7% based on the guide price.
Tenure
Freehold, subject to occupational tenancy.
The lease is full repairing and insuring for a term of 15 years from 15 June
VAT 2007- 14 June 2022.
The property is not elected for VAT.
Buyers Premium
Freehold Bank Investment; 9.7% Gross Initial Yield Guide Price* 2% (min. £2,500) plus VAT
Blue Chip Tenant; Halifax Plc - Current Rent £107,000 pa
Sold On Behalf Of Joint LPA Receivers £1,100,000+
Location Description
FEATURES
The property is situated on Stockwell Gate, The property is modern, double fronted retail
• Auction date: 15th/16th November 2017 within the busy town centre of Mansfield, a premises offering accommodation, over
market town in Nottinghamshire. Mansfield ground and two upper floors. To the rear of
• Prime freehold retail investment
is located approximately 15 miles north of the building there are 6/7 allocated car
• Blue chip tenant – Let to Halifax Bank Plc Nottingham, and is easily accessed by Road parking spaces, which is extremely beneficial
• Passing rent of £107,000 pa via the A60. and rare in such a prominent town centre
• Gross initial yield of 9.7% based on guide location.
price More specifically, the property is situated
• FRI Lease from 15 June 2007-14 June towards the eastern end of Stockwell Gate, To the ground floor the property benefits
2022 close to the junction with West Gate, and from a predominantly open plan layout, with
• Ground Floor ITZA: 171.14 m2 / 1,842 on the southern side of the Four Seasons a large glazed frontage and three external
ft2 Shopping centre. cash machines fronting Stockwell Gate.
• Total area: 553.73 m2/ 5,960 ft2
• Nearby occupiers include Superdrug,
Nearby occupiers include Santander Bank, The main retail space is accessed from street
Barclays and Santander Barclays Bank, Superdrug, The Co- level via a set of electric double doors. To
• Completion date: 12th January 2018
operative Travel and Greggs Bakers. the front section of the retail space, there are Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
Mansfield town centre market place is a cash dispensers immediately to the right Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
and for the vendors or lessors of this property, whose agent they are, give notice that:
EPC Rating: short walk from the property, down the hand side, and towards the rear section of the 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
pedestrianised section of Stockwell Gate, ground floor there are six partitioned offices of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
Solicitors towards West Gate. and a separate cashier’s area to the right should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
Shoosmiths Solicitors hand side. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
Price
181 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 219ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS
LOT 5 55-57 Northgate
Darlington
£1,125,000+ 15th & 16th November 2017 property@johnpye.co.uk
0115 970 6060 LOT 5
County Durham, DL1 1TR
Description Continued
To the first floor there are four partitioned
offices for public use and further office and
DARLINGTON, COUNTY DURHAM storage space for staff use only, accessible
by a separate set of stairs. The second floor
gives access to a large staff room with
kitchen facilities and male and female wash
rooms and two further office/ storage rooms.
Accommodation
Ground floor ITZA: 127.42 m2 /1,371 ft2
Ground floor: 164.46 m2 /1,770 ft2
First floor net: 135.74 m2 /1,461 ft2
Second floor: 129.07 m2 /1,389 ft2
Total area: 459.33 Sq. m2 /4,942 ft2
(Net internal floor area)
Services
We understand the property is connected to
mains electricity, water and drainage
however we advise all interested parties to
make their own enquiries.
Tenure
Freehold, subject to the occupational
tenancy.
Investment Analysis
Business Rates The property is let to Halifax Plc at a passing rent of £102,500 pa,
The property has a current ratable value of representing a gross initial yield of 9.1% based on the guide price.
£53,000, however we would advise all
parties to make their own enquiries.
The lease is full repairing and insuring for a term of 15 years from 15 June
VAT 2007- 14 June 2022.
The property is not elected for VAT.
Freehold Bank Investment - 9.1% Gross Initial Yield Guide Price*
Buyers Premium
2% (min. £2,500) plus VAT.
Blue Chip Tenant; Halifax Plc - Current Rent £102,500 pa
Sold On Behalf Of Joint LPA Receivers £1,125,000+
Location Description
FEATURES The property is located in the heart of The property is a prominent retail premises
Darlington Town Centre, toward the fully occupied by Halifax Plc. The
• Auction date: 15th/16th November 2017
northern end of Northgate. Darlington lies accommodation is arranged over three
• Prime freehold retail investment 15 miles to the west of Middlesbrough and storeys and benefits from air conditioning,
• Blue chip tenant – Let to Halifax Plc 40 miles to the south of Newcastle Upon suspended ceilings, fire alarm and CCTV
• Passing rent of £102,500 pa Tyne. security systems.
• Gross initial yield of 9.1% based on guide The town benefits from excellent transport The main retail space is entered at ground
price
links, being close to the A1(M) and A66(M), floor level and has a large glazed frontage
• FRI Lease from 15 June 2007-14 June and having a good selection of public onto Northgate. There are two external cash
2022 transport options, with regular bus services dispensaries and glazed electric double
• Total area: 459.33 Sq. M (4,942 Sq. Ft) operating close to the property. Darlington doors leading onto the shop floor.
• Ground floor ITZA: 127.42 m2 / 1,371 ft2 and North Road railway stations are both
within 1 mile from the property. The well-appointed and open plan layout
• Nearby occupiers Boots, McDonalds, Next
and River Island provides excellent retail space, fitted out to
The main pedestrianised section of the town meet the specific requirements of Halifax Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
• Completion date: 12th January 2018 centre is immediately to the south of the Bank. There are two small partitioned offices Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
property, at the junction with Crown Street. within the main ground floor space and stairs and for the vendors or lessors of this property, whose agent they are, give notice that:
EPC Rating: 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
The immediate area is characterised by leading to the first floor. A cashier’s desk has of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
Solicitors predominantly retail and commercial been fitted to the right hand side of the should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
Shoosmiths Solicitors occupiers. Nearby retailers include River ground floor. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
Island, Boots, Next, MacDonald’s and Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
Starbucks. In addition both the Cornmill land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
and Queen Street Shopping Centres are quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
located just a short walk away. their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
Price
201 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 221ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS
LOT 6 22-26 Head Street
Colchester
£3,450,000+ 15th & 16th November 2017 property@johnpye.co.uk
0115 970 6060 LOT 6
Essex, CO1 1NG
Accommodation
Ground floor ITZA: 127.35 m2 (1,370 ft2)
Ground floor: 389.44 m2 (4,191 ft2)
COLCHESTER, ESSEX First floor: 338.21 m2 (4,178 ft2)
Second floor: 408.74 m2 (4,399 ft2)
Third floor: 342.04 m2 (3,681 ft2)
Basement: 300.27 m2 (3,232 ft2)
Total NIA: 1,778.70 m2 (19,145 ft2)
(Net internal floor area)
Services
We understand the property to have mains
gas, electricity, water and drainage. We
advise all interested parties to make their
own enquiries.
Tenure
Freehold, subject to occupational tenancy.
Business Rates
The property has a rateable value of
£99,000. We advise all interested parties to
make their own enquiries.
VAT
The property is not elected for VAT.
Investment Analysis
Buyers Premium The property is let to Halifax Plc currently achieving £205,700 pa this representing a
2% (min. £2,500) plus VAT. gross initial yield of 6% based on the guide price.
The lease in place is a full repairing and insuring lease from 15 June 2007 to 14 June
2022.
Freehold Bank Investment; 6% Gross Initial Yield Guide Price*
Blue Chip Tenant; Halifax Plc - Current Rent £205,700 pa
Sold On Behalf Of Joint LPA Receivers £3,450,000+
Location Description
FEATURES
The bank is located on the eastern side of This modern retail premises occupies a
• Auction Date: 15th & 16th November 2017 the Head Street at the junction with Culver prominent corner position fronting both
Street in the popular historical town of Head Street and Culver Street West, with
• Prime freehold retail investment
Colchester, Essex. well-presented accommodation arranged
• Completion date: 12th January 2018 over five storeys.
• Blue chip tenant: Halifax Plc Neighbouring occupiers of nearby
properties include Lloyds, RBS and The property is entered at ground floor level
• Passing rent £205,700 into a predominantly open plan retail space
Barclays banks, Debenhams, H & M, and
• Gross initial yield of 6% based on the Nandos. Culver Square is also close by and with several glazed partitioned offices, cash
guide price hosts a good range of national and dispensaries and cashiers desk. Access is
• FRI lease from 15th June 2007 – 14th international brands that are attracted to the provided to the lower and upper floors via
June 2022 area due to its increasing population and two separate stairwells and service lift.
good employment prospects.
• Ground floor ITZA: 127.35 m2 (1,370 ft2) To the basement level there is a kitchen/ staff
• Total NIA: 1,778.70 m2 (19,145 ft2) Colchester is just 50 miles northeast of room, storage space and male/ female wash
London and is connected to the capital by rooms. The first floor gives access to a large
• Nearby occupiers include Debenhams,
Caffé Nero & Lloyds TSB the A12 road and its railway station which mostly open plan office with kitchenette and Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
some partitioned singular offices. The Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
is on the Great Eastern Main Line. It is seen and for the vendors or lessors of this property, whose agent they are, give notice that:
EPC Rating: as a popular town for commuters, and is second and third floors are vacant and 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
less than 30 miles away from Stansted unused by the current occupiers Halifax Plc, of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
Solicitors Airport and 20 miles from the passenger but are large open plan rooms and are of a should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
Shoosmiths Solicitors ferry port of Harwich. good standard internally. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
Colchester has a population of around Externally, the property enjoys large glazed land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
120,000 and has been named as one of frontage to the front and side of the premises quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
Britain's fastest growing towns. with two cash dispensaries and a separate their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
staff entrance.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
221 Property Auction November Price
July 2017 -2017 - Catalogue
Catalogue Property Auction November 2017 - Catalogue 223ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS
LOT 7 21-22 High Street
Chelmsford
£4,500,000+ 15th & 16th November 2017 property@johnpye.co.uk
0115 970 6060 LOT 7
Essex, CM1 1BE
Accommodation
GF ITZA: 146.34 Sq. M (1,575 Sq. Ft)
CHELMSFORD, ESSEX Ground Floor: 353.96 Sq. M (3,810 Sq. Ft)
First Floor: 171.48 Sq. M (1,845 Sq. Ft)
Total: 525.44 Sq. M (5,655 Sq. Ft)
(Net internal floor area)
Services
We understand the property is connected
to mains electricity, water and drainage.
We advise all interested parties to make
their own enquiries.
Tenure
Freehold, subject to occupational tenancy.
Business Rates
The property has a rateable value of
£235,000 per annum. We advise all
interested parties to make their own
enquiries.
VAT
The property is not elected for VAT.
Investment analysis
Buyers Premium The property is let to Halifax Plc currently achieving £25,333 pcm (£304,000
2% plus VAT (Minimum £2,500 + VAT). pa). Representing a gross annual yield of 6.75% based on the guide price.
The lease in place is a full repairing and insuring lease from 15 June 2007-14
June 2022.
Freehold Bank Investment - 6.75% Gross Yield Guide Price*
Blue Chip Tenant; Halifax Plc - Current Rent £304,000 pa
Sold On Behalf Of Joint LPA Receivers £4,500,000+
Location Description
FEATURES The bank is located on the eastern side of This modern, double fronted retail premises
the pedestrianised High Street in the fronting Chelmsford High Street offers over
• Auction Date: 15th & 16th November 2017 popular historical city of Chelmsford, 5,655 Sq. Ft of accommodation arranged
Essex. Chelmsford is located in the London over three storeys. The property benefits
• Prime freehold retail investment
commuter belt, approximately 32 miles from suspended ceilings, cat II lighting, air
• Completion date: 12th January 2018 northeast of the centre of and approximately conditioning and a CCTV security system.
• Blue chip tenant – Let to Halifax Plc 22 miles from Colchester. The city has a
• Passing rent of £304,000 pa population of approximately 168,000. The property is entered at ground floor level
via glazed electric double doors into a
• Gross initial yield of 6.75% Chelmsford's population consists of a large predominantly open plan retail space and has
• GF ITZA: 146.34 Sq. M (1,575 Sq. Ft) number of City and Docklands commuters, the benefit of a large cashier’s desk, several
• Total: 525.44 Sq. M (5,655 Sq. Ft) attracted by the 30–35 minute journey into cash dispensaries, a waiting area and several
Central London via the Great Eastern Main partitioned offices. A rear stairwell provides
• FRI Lease from 15 June 2007 - 14 June
2022 Line railway. The same journey takes access to the upper floors.
approx. 60 minutes by road via the A12.
• Nearby occupants Santander, Marks &
Spencer's, John Lewis The first floor has private offices/ training
Neighbouring occupants of nearby rooms along with an open plan modern fitted Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
properties include Santander, Natwest and kitchen/ staff room and male and female and for the vendors or lessors of this property, whose agent they are, give notice that:
EPC Rating: TSB banks, John Lewis, Marks and Spencer wash rooms. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
Solicitors and Boots. The High Chelmer Shopping of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
Centre is opposite the building and hosts a The second floor has not been accessed as purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
Shoosmiths Solicitors good range of national and international this is unused space by the current occupier. suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
brands that are attracted to the area due to land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
its increasing population, good services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
employment prospects and its close quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
proximity to London.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
Price
241 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 225ADDRESS GUIDE PRICE* ONLINE AUCTION DATES VIEWING DETAILS
LOT 8 35 Victoria Street South
Grimsby
£1,000,000+ 15th & 16th November 2017 property@johnpye.co.uk
0115 970 6060
LOT 8
Lincolnshire, DN31 1DL
Description Continued
Externally, the property features an attractive stucco
façade with two inset cash dispensaries and two
GRIMSBY, LINCOLNSHIRE separate entry points with glazed automatic doors to the
front and side elevations.
Accommodation
Ground Floor ITZA: 116 m2 / 1,252 ft2
Ground Floor: 276.70 m2 / 2,978 ft2
First Floor: 234.13 m2 / 2,520 ft2
Second Floor: 205.84 m2 / 2,215 ft2
Total Area: 716.67 m2 / 7,714 ft2
(Net internal floor area)
Tenure
Freehold, subject to occupational tenancy.
Services
We understand the property is connected to mains gas,
electricity, water and drainage however we advise all
interested parties to make their own enquiries.
Rateable Value
The premises have a current rateable value of £83,680
with the rate payable equating to approximately
£40,082.72 (2017/2018).
VAT
The property is not elected for VAT.
Investment Analysis
Viewings The property is let to Barclays Bank Plc at a passing rent of £95,000 pa,
There will be two opportunities to the view the representing a gross initial yield of 9.5% based on the guide price.
premises. Dates will be confirmed shortly.
Buyers Premium The lease is full repairing and insuring for a term of 20 years from 1st May
2% (min. £2500) plus VAT 2006. There is a break clause in 2021, Subject to six months written notice.
There are rent reviews in January 2020 and 2025.
Freehold Bank Investment - 9.5% Gross Initial Yield Guide Price*
Blue Chip Tenant; Barclays Bank Plc - Rent £95,000 pa
Sold On Behalf Of Joint LPA Receivers £1,000,000+
Location Description
FEATURES This property is prominently located on This imposing Grade II listed building is
Victoria Street South which acts as a central located in a prime corner position fronting
• Auction Date: 15th & 16th November 2017 pedestrianised shopping area for the town Victoria Street South and Brewery Street
just off Frederick Ward Way (A1136). The which is an entrance for Freshney Place
• Prime freehold retail investment
street attracts a large footfall due to being shopping centre. The property is occupied
• Blue chip tenant – Let to Barclays Bank Plc parallel to Freshney Place Shopping Centre. by Barclays Bank Plc who utilise the three
• Passing rent of £95,000 pa Victoria Street South and the immediate storeys of accommodation within this period
vicinity to the bank boasts a wide range of
• Gross initial yield of 9.5% based on the property. Having recently undergone a
blue chip tenants such as McDonalds,
guide price programme of refurbishment, it is in good
House of Fraser, Marks and Spencer,
• FRI Lease from 1 May 2006 – April 2026 Money Shop, Santander, Lloyds TSB and condition and boasts period features in the
Boots. ground floor customer area.
• GF ITZA: 116.37 Sq. M (1,252 Sq. Ft)
• Total NIA: 716.67 Sq. M (7,714 Sq. Ft) Grimsby is a large town and seaport in The property is entered at ground floor level
• Listed building Lincolnshire, on the South Bank of the having a predominantly open plan layout
• 20 Working Day Completion Humber close to where the river meets the with a cashier’s desk, several cash
North Sea. The town of Scunthorpe is dispensaries, three private offices and the
located 25 miles west and the larger city of strong room/safes. To the first floor there is Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
Hull is approximately 30 miles north. a large board room, a further three private and for the vendors or lessors of this property, whose agent they are, give notice that:
EPC Rating: TBC offices and a large customer area/ waiting 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
Well placed within the town with Grimsby room. The staff canteen, training room, two of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
train station just 0.2 miles away and the should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
Solicitors storage areas and server rooms can be found purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
Riverhead exchange bus station is just a suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
short walk away. The A16, A46 & A180 are
on the third floor. There are two separate
Shazan Miah - Gateley Plc Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
all easily accessible to the property stairwells and two lifts servicing the land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
providing access north, south and west out building. services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
of Grimsby. their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
Price
261 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 227ADDRESS ONLINE AUCTION DATES VIEWING DETAILS
GUIDE PRICE*
Apartments 3, 7 and 8
LOT 9 Fountayne House, Lawrence Square
York
£590,000+ 15th/16th November 2017
property@johnpye.co.uk
0115 970 6060 LOT 9
YO10 3FG
Accommodation
Flat 3; 109m2 (1173 ft2)
Flat 7; 108 m2 (1162 ft2)
YORK Flat 8; 106m2 (1140 ft2)
Measurements taken from energy
performance certificate
Services
We understand the property to have mains
electricity, water and drainage.
Tenure
Long leasehold
Annual Service Charges & Ground
Rent
Flat 3; Service charge £850 pa & ground
rent £250 pa
Flat 7; Service charge £650 pa & ground
rent £250 pa
Flat 8; Service charge £650 pa & ground
rent £250 pa
Council Tax
Council tax band is D. The council tax
payable is £1,533.44 pa.
All the apartments are let, with one AST in place per apartment, commencing 1st July
Guide Price 2017 – 31st June 2018.
£590,000+
Each apartment is achieving £19,760 pa, providing a combined annual income of
£59,280pa.
Buyers Premium
The rental income referred to above, reflects a yield of 10% based on the guide price.
2% (min. £2,500) plus VAT
Three Income Producing Student Let Apartments Guide Price*
Current Rent - £59,280 per annum – 10% Yield £590,000+
FEATURES Location Description
• Auction date: 15th/16th November 2017 The property is located on Lawrence Square and is Situated within a purpose built block, each
situated close by to many local amenities, including; duplex apartment has four bedrooms, one
• Four bedroom duplex apartments Coop supermarket, Shell garage, St Lawrence church bathroom, one en-suite and a kitchen.
• Student let with AST’s in place and Hull Road park. The property has good road links
and is approximately 1.8 miles east of York centre and The apartments are of a neutral décor and
• Each apartment let for £19,760 pa
15 minutes by car.
modern finish. Heating is via an electrical
• Combined income of £59,280 pa University of York is 0.6 miles and 3 min via A1079.
heated hot water tank and the room heaters
• 10% yield based on guide price are convector and run individually on a
York is a historic walled city at the confluence of the
• AST’s in place from July 1st 2017 – 31st rivers Ouse and Foss in North Yorkshire, England. The thermostat.
June 2018 municipality is the traditional county town of the
• Well maintained apartments historic county of Yorkshire to which it gives its name. All fixtures and fittings are supplied in the
property for sale and bonds will be
• Long leasehold
The city has a rich heritage and has provided the transferred to the new owner upon
• Close to University backdrop to major political events in England completion.
throughout much of its two millennia of existence.
The city offers a wealth of historic attractions, of Parking spaces are provided and permits are Disclaimer: John Pye Property is the trading name of John Pye & Sons Ltd whose registered office address is James
which York Minster is the most prominent, and a issued by the management company. Shipstone House, Radford Road, Nottingham, NG7 7EA (registered company number 02564753). John Pye Property for itself
variety of cultural and sporting activities making it a and for the vendors or lessors of this property, whose agent they are, give notice that:
EPC Rating: popular tourist destination for millions. 1. The particulars have been prepared and issued in good faith and are set out as a general outline only for the guidance
of intending purchasers and lessees and do not constitute part of an offer, contract or warranty. 2. Any information given
Solicitors should not be relied on as a statement or representation of fact or that the property or its services are in good condition. Any
purchasers or lessees should satisfy themselves by inspection or otherwise as to the correctness of all the information or
TBC suitability of the property. 3. Any areas, measurements, floor plans or distances given are approximate only. 4. John Pye
Property have not made any investigations into the existence or otherwise of any issues concerning pollution and potential
land, air or water contamination. It is the responsibility of the purchaser to make its own enquiries. 5. None of the buildings
services or service installations have been tested and are not warranted to be in working order. 6. All prices and rentals are
quoted exclusive of VAT. 7. Copyright in these particulars vests in John Pye Property. 8. Neither John Pye Property nor any or
their employees has any authority to make or give representation or warranty whatsoever in relation to the property.
*Guide Price: Each property is subject to a Reserve Price which may be different from the Guide
Price
281 Property Auction November 2017 - Catalogue Property Auction November 2017 - Catalogue 229You can also read
