Thursday 11th July 2019 6.00pm Readings Property Group 48

Thursday 11th July 2019 6.00pm Readings Property Group 48
Thursday 11th July 2019
6.00pm
Readings Property Group
48 Granby Street
Leicester
LE1 1DH
Thursday 11th July 2019 6.00pm Readings Property Group 48
AUCTION VENUE


Thursday 11th July 2019
6.00pm
Readings Property Group
48 Granby Street
Leicester
LE1 1DH




ORDER OF SALE
Thursday 11th July 2019 6.00pm
The Offices of Readings, 48 Granby Street, Leicester LE1 1DH


  LOT      ADDRESS                                                             *GUIDE PRICE          LOT TYPE

    1      7 Bloomfield Road, Leicester LE2 6LD                                £115,000              Residential for Improvement



    2      36 Montrose Road, Aylestone, Leicester LE2 8SL                      £150,000 - £175,000   Residential for Improvement



    3      113 Groby Road, Leicester LE3 9EE                                   £185,000              Residential for Improvement



    4      97 Sanvey Lane, Aylestone, Leicester LE2 8NG                        £25,000 - £35,000     Garage



    5      70 Cromwell Crescent, Market Harborough, Leicestershire LE16 9JR    £150,000              Residential for Improvement



    6      179 Welland Park Road, Market Harborough, Leicestershire LE16 9DW   £150,000 - £175,000   Residential



    7      67 Cleveleys Avenue, Leicester LE3 2GH                              £125,000              Residential for Improvement



    8      6 Gaulby Road, Billesdon, Leicester LE7 9AF                         £235,000              Residential for Improvement



    9      91 Lansdowne Road, Aylestone, Leicester LE2 8AT                     £220,000              Mixed Use Investment



   10      Land off Stapleton Lane, Barwell LE9 8HE                            £45,000               Plots/Building Land



   11      80 Leicester Street, Leicester LE5 4FS                              £175,000 - £200,000   Residential for Improvement




*Description on Auction Information page




auctionhouse.co.uk/leicestershire
Thursday 11th July 2019 6.00pm Readings Property Group 48
MESSAGE FROM THE AUCTIONEERS




             Auction Team



Welcome to our third auction of 2019
We have an interesting catalogue of residential lots for refurbishment and potential redevelopment and mix use property
for investment.

We had an excellent result in our earlier auction this year where we achieved an 85% sale success.

The first half of 2019 has seen good strong demand in the property market with residential rents still marching forward
and sales levels holding their own with the East Midlands being one of four regions highlighted by Rightmove’s, Miles
Shipside…. “Prospective buyers in Wales, the West and East Midlands, and the North West are being confronted with
average prices of property coming to market at all-time highs. While the national rate of increase is virtually flat at +0.1%
compared to a year ago, these regions have considerably higher prices than at this time last year. By contrast, London and
its commuter belt (the South East and East of England regions) have seen year-on-year falls.”

A by-product of the uncertainty in the general economy is that interest rates remain low and there are some exceptional
deals out there for both buy to let and home owner purchasers. For those with cash in the bank the return remains pitiful
and property still demonstrates an excellent yield. Whilst prices have hardened of late in other regions there is no sign of
any market adjustment as the historical low level of properties for sale prevails.

If you are interested in any of the lots please visit our website www.auctionhouse.co.uk/leicestershire to download the
legal packs and see further property details. If you are unable to attend the auction you can arrange a proxy bid or
telephone bid by completing the forms within this catalogue and speaking to a member of our team.

Our next auction is 12th September and we already have some investment and development opportunities. If you have a
property that you are thinking of selling we would be happy to talk to you about the auction process whether that be a
sale under the hammer at an auction or by way of our new online auction facility.

James Court
Director - Auction House Leicestershire

                                             NEXT AUCTION DATES 2019


                                       12th September • 21st November
Thursday 11th July 2019 6.00pm Readings Property Group 48
AUCTION INFORMATION
  Administration Charge Purchasers will be required to pay by cheque, an           Pre Auction Sales Offers made on property included in this auction may be
  administration charge of £900.00 (£750.00+VAT) or the fixed figure as            accepted by the Vendor prior to the auction. In such instances all buyer
  stated in the property details, in addition to the deposit. A VAT receipt will   charges will be payable including the Administration Charge, any Buyers
  be issued after the auction.                                                     Premium plus all other payments detailed in the Special Conditions of Sale.
                                                                                   If you are intending to bid at the auction for a specific lot, we recommend
  Attending the Auction It is always wise to allow sufficient time to
                                                                                   that you keep in contact with the Auctioneer's office.
  get   to the auction. Legal packs for most of the properties will be
                                                                                   The Auctioneers or Vendors cannot be held responsible for costs incurred in
  available for inspection. It is important you read these and the final
                                                                                   respect of any lot which is withdrawn or sold prior to auction.
  addendum/amendment sheet which will also be available as any
  purchase will be subject to these.                                               Post Auction Sales If a property you are interested in is not sold during the
                                                                                   auction please speak to the Auctioneer and make an offer at, above or below
  Bidding Each property will be offered individually by the Auctioneer. Ensure
                                                                                   the Guide. Your offer will be put forward to the Vendor and if accepted, you
  that your bids are clear and noticed by the Auctioneer. If you are successful
                                                                                   will be able to proceed with your purchase under auction rules. Offers should
  in bidding for the property you will be approached by a member of Auction
                                                                                   take into account the Administration Charge, any Buyers Premium plus all
  House staff who will request your personal information and identification.
                                                                                   other payments detailed in the Special Conditions of Sale as all of these are
  You will then be guided to our administration area and then the cashier desk
                                                                                   still payable irrespective of the circumstances.
  for payment of the deposit.
                                                                                   Proof of Identification In order to comply with Anti-Money Laundering
  Bidding by Proxy or Telephone If you are unable to attend the auction you
                                                                                   regulations we ask that all prospective purchasers provide Proof of Identity
  are invited to contact us to discuss special arrangements for bidding by proxy
                                                                                   and Residence. Please bring your passport or photographic UK driving licence
  or telephone. A Non-Attending Bid or Telephone Bid form and conditions
                                                                                   and a recent utility bill, bank statement or council tax bill to the auction. If
  are included in auction catalogues or can be downloaded from the Bidding
                                                                                   purchasing on behalf of a company you will also need a letter of authority
  Form links on our website.
                                                                                   on company letterhead. We will carry out Electronic AML checks on successful

  Buyers Premium Purchasers of some lots will be required to pay a Buyers          buyers and remote bidders. It will include a search with Experian who may

  Premium to the auctioneer in addition to the deposit - see individual            check the details you supply against any particulars on any database (public

  property details.                                                                or otherwise) to which they have access. They may also use your details in
                                                                                   the future to assist other companies for verification purposes. A record of
  Deposit When you sign the Memorandum of Sale you will be asked to pay            the search will be retained.
  a deposit of 10% of the purchase price subject to a minimum deposit of
                                                                                   Reserve Price Each property will be offered subject to a reserve price which
  £3,000. Deposits can only be paid by electronic bank transfer, bankers draft,
                                                                                   we expect will be set within the guide price range or no more than 10% above
  personal cheque, debit card or building society cheque. Cash or credit card
                                                                                   a single figure guide. This is a confidential figure set between the Vendor and
  payments will not be accepted. Please note, should the cheque have to be
                                                                                   the Auctioneer just prior to the auction. It is a figure below which the
  represented, a processing charge of £60.00 (£50.00 + VAT) will be charged
                                                                                   Auctioneer cannot sell the property during the auction. After the auction
  by deduction from the deposit.
                                                                                   offers will be sought and considered on Unsold Lots at prices below the
  Disbursements Some disbursements may become payable by the purchaser             reserves.
  on completion, these will be detailed in the Special Conditions of Sale within
                                                                                   Solicitors Details The name, address and telephone number of the solicitor
  the property’s Legal Pack.
                                                                                   who will be acting for you in any purchase will be required before you leave
  Disclaimer Particulars on the website and within our catalogue are believed      the auction room.
  to be correct but their accuracy is not guaranteed. Information relating to
                                                                                   The Catalogue Details of the property and land to be sold are set out in our
  Rating matters has been obtained by verbal enquiry only. Prospective
                                                                                   catalogue and on our website auctionhouse.co.uk All lots are sold subject to
  purchasers are advised to make their own enquiries of the appropriate
                                                                                   Special Conditions of Sale. It is important that prospective purchasers satisfy
  Authority. All measurements, areas and distances are approximate only.
                                                                                   themselves as to the location, boundaries, condition and state of the lots
  Potential purchasers are advised to check them.
                                                                                   before the auction.
  Energy Performance Certificates (EPCs) Where required we include EPC             The Contract The Memorandum of Sale will be signed in duplicate. One
  ratings within Full Details and on the lot page within our catalogue. When       copy will be given to you, which you must give to your solicitor. The second
  available EPC Graphs can be viewed online at auctionhouse.co.uk.                 copy will be retained by the Vendors’ solicitor. Completion usually takes place
                                                                                   after 28 days but this date can vary. The legal pack of each property will state
  General Data Protection Regulations (GDPR) This defines new customer
                                                                                   the completion date due. The date may also be announced immediately prior
  rights and company obligations introduced on 25th May 2018. For
                                                                                   to the commencement of bidding of each lot.
  full details please refer to the Privacy Policy showing on our
  website www.auctionhouse.co.uk/leicestershire.                                   The Legal Aspect Buying at auction is a contractual commitment. Before
                                                                                   making an offer prior to auction or bidding at the auction or post auction, it
  *Guide Prices Guide prices quoted online and in the catalogue are provided
                                                                                   is advisable to consult a solicitor regarding the General and Special Conditions
  as an indication of each seller’s minimum expectation. They are not
                                                                                   of Sale, the local authority search and other legal documentation.
  necessarily figures which a property will sell for and may change at any time
  prior to the auction. The sale price will be dependent on bidding in the         Viewing Due to the nature and condition of auction properties we highlight
  auction room and on the Vendors' instructions.                                   the potential risk that viewing such properties carries and advise all to
                                                                                   proceed with caution and take necessary requirements to ensure their own
  Insurance On some properties the seller will continue to insure through to
                                                                                   safety whilst viewing any lot in this catalogue. Viewings are conducted
  completion. Others will need to be insured by the purchaser, and auctioneers
                                                                                   entirely at your own risk, these properties are not owned or controlled by
  advice to all purchasers is that they should consider insuring from the date
                                                                                   Auction House and we cannot be held liable for loss or injury caused while
  of exchange.
                                                                                   viewing or accessing any Lot.
  Plans, Maps and Photographs The plans, floorplans, maps, photograph’s            Due to the nature of some auction properties, electricity may not be turned
  and video tours published on our website and in the catalogue are to aid         on therefore viewing times are restricted. Viewers will also have to bring their
  identification of the property only. The plans are not to scale.                 own lighting/ladders if wanting to inspect cupboards, cellars and roof spaces.




        ***Please refer to the common auction conditions included on our website or at the back of our catalogue***
Residential for improvement                                                                                                                                                         1
7 Bloomfield Road, Leicester, Leicestershire LE2 6LD
*GUIDE PRICE:      £115,000             (plus fees)




Owner occupier or Buy to let investment

A semi-detached house offering versatile accommodation in need of modernisation. Ideal for owner occupiers
looking for a home to put their own mark on or as a buy-to-let investment. There are currently two
bedrooms but there is potential to create a third bedroom on the ground floor, this is currently being used as a
dining room. With UPVC double glazing and gas central heating the accommodation comprises entrance hall,
lounge which opens through to the dining room, breakfast kitchen, conservatory, ground floor bathroom.
Upstairs there are two double bedrooms. Outside there is a driveway and a larger than average rear garden.

Description:
Ground Floor: Entrance hall, lounge 4.51m x 3.68m, dining area 3.0m x 2.0m, breakfast kitchen 3.90m x
3.16m, conservatory 3.0m x 2.50m, ground floor bathroom 2.97m x 1.52m.
First Floor: Bedroom one, 4.18m x 3.65m, bedroom two 3.67m x 3.0m.
Outside: There is a driveway providing off road parking, shed and larger than average rear garden.




Tenure: Freehold                                                                                               Additional Fees
Local Authority: Leicester City Council                                                                        Administration Charge: Buyers will be required to pay an
Solicitors: Nelsons Solicitors Sterne House, Lodge Lane Derby FOA Trevor Scott                   01332         administration fee of £900 (£750 plus VAT).
378675                                                                                                         Disbursements: Please see legal pack for any disbursements that
Energy Performance Rating (EPC): Current Rating TBC                                                            may become payable by the purchaser on completion.



    auctionhouse.co.uk                                                                                                                      *Description on Auction Information Page



          Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Residential for improvement                                                                                                                                                         2
36 Montrose Road, Aylestone, Leicester, Leicestershire LE2 8SL
*GUIDE PRICE     £150,000 - £175,000                              (plus fees)




An excellent opportunity for refurbishment and potential re-development of this large two bedroomed
victorian semi-detached house in the ever popular South Leicester district of Aylestone. In need of full
modernisation and renovation it was originally built on a double plot and therefore has the rare benefit of a
large garage and additional driveway to the side. There is also extensive gardens extending beyond the
curtilage of the plot. The accommodation includes entrance hall, three reception rooms, kitchen and
conservatory and on the first floor there are two bedrooms and bathroom with separate WC, there are stairs
up to a partially boarded loft space which offers further potential for enlargement subject to relevant consents.
Sold with the benefit being freehold with vacant possession.

Description:
Ground Floor: Entrance hall, inner hall 4.42m x 1.66m, lounge 4.21m x 3.27m plus bay, sitting room 3.88m x
4.18m, dining room 3.26m x 2.38m, Lean-to 5.60m x 2.39m, kitchen 2.97m x 2.99m.
First Floor: Landing, bedroom one 4.19m x 3.28m, bedroom two 3.19m x 3.36m, WC and bathroom.
Outside: There is a forecourt garden to the front, detached brick garage, driveway to side and extensive
gardens which extend beyond the original curtilage of the plot to incorporate land which runs across the
boundary of the adjacent three properties.
Garage 5.70m x 3.81m



Tenure: Freehold                                                                                               Additional Fees
Local Authority: Leicester City Council                                                                        Administration Charge: Buyers will be required to pay an
Solicitors: HCB Solicitors, Belvoir Chambers, 17 Bowling Green Street, Leicester LE1 6AS. Tel:                 administration fee of £900.00 (£750 plus VAT).
0116 2559911 Ref: Tina Rana                                                                                    Disbursements: Please see legal pack for any disbursements that
Energy Performance Rating (EPC): Current Rating TBC                                                            may become payable by the purchaser on completion.



    auctionhouse.co.uk                                                                                                                      *Description on Auction Information Page



          Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Residential for improvement                                                                                                                                                         3
113 Groby Road, Leicester, Leicestershire LE3 9EE
*GUIDE PRICE     £185,000              (plus fees)




A traditional four bedroomed detached house in need of full modernisation. The accommodation is spacious
and offers potential to create a superb family home for those willing to take on a project. There is a porch and
hall, lounge, separate dining room, kitchen. Upstairs you will find four bedrooms and a bathroom with
separate WC. There is a driveway, garage, utility/store and a WC. To the front there is a driveway and garden
and to the rear a large currently overgrown rear garden.

Description:
Ground Floor: Porch and hall, lounge 3.65m x 4.89m, dining room 4.48m x 3.79m, kitchen 3.76m x 2.72m.
First Floor: Landing, bedroom one 4.55m x 3.80m, bedroom two 4.25m x 3.64m, bedroom three 3.28m x
3.16m, bedroom four 2.74m x 2.83m, bathroom 2.49m x 2.83m, separate WC.
Outside: There is a driveway to the front, garden, gate gives access to the rear garden which is larger than
average but currently overgrown.
Garage: With double doors to the front, window to the side and to the rear of the garage there is a utility/
store room with a WC just off.




Tenure: Freehold                                                                                               Additional Fees
Local Authority: Leicester City Council                                                                        Buyer's Premium: Buyers will be required to pay an administration fee of £900
                                                                                                               (£750 plus VAT).
Solicitors: HCB Solicitors Belvoir Chambers 17 Bowling Green Street Leicester LE1 6AS Tel 0116
2559911 Ref Tina Rana                                                                                          Disbursements: Please see legal pack for any disbursements that may become
Energy Performance Rating (EPC): Current Rating TBC                                                            payable by the purchaser on completion.




    auctionhouse.co.uk                                                                                                                      *Description on Auction Information Page



          Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Call our financial experts on:

                                      01827 338 808
 Sourcing the fast funding you need for your
        property auction purchases.

 &RPHDQGVHHRXUSURSHUW\ÀQDQFH
   specialist Steve Taylor who will be
 attending the auction. Steve will be
  able to guide you on the day as to
 your funding options and next steps.



                 www.crystalprivatefinance.com
  Any property used as security, including your home, may be repossessed if you do not keep up
                  repayments on a mortgage or any other debt secured on it.




LEGAL PACKS




We remind all prospective buyers that prior to auction day, the
legal documents can be viewed at our offices, or online for free,
thus making the process of purchasing at auction much easier
and open to everyone.

We also offer a service for non attending bids by way of
telephone or proxy if you cannot make the auction day.
Non Attending Bid Forms are included to the rear of this
Catalogue.
Garage                                                                                                                                                                                4
97 Sanvey Lane, Aylestone, Leicester, Leicestershire LE2 8NG
*GUIDE PRICE        £25,000 - £35,000                           (plus fees)




A plot in the heart of Old Aylestone village with a substantial garage/storage unit measuring approximately
370 sq ft with an additional 2 ft space to the left hand side and approximately 1 ft to the rear of the structure.
This will be an excellent lock up garage or subject to planning consent there may be potential for residential
redevelopment.




Tenure: Freehold                                                                                                 Additional Fees
Local Authority: Leicester City Council                                                                          Buyer's Premium: Buyers will be required to pay a premium of £1140 (£950.00 +
                                                                                                                 VAT).
Solicitors: Moss Solicitors, 80-81 Woodgate, Loughborough, Leicestershire LE11 2XE. Tel: 01509 217770 Ref: Mr
Matthew Madden                                                                                                   Administration Charge: Buyers will be required to pay an administration fee of
                                                                                                                 £900 (£750 inc VAT).
Energy Performance Rating (EPC): Current Rating TBC
                                                                                                                 Disbursements: Please see legal pack for any disbursements that may become
                                                                                                                 payable by the purchaser on completion.


     auctionhouse.co.uk                                                                                                                       *Description on Auction Information Page



            Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Residential for improvement                                                                                                                                                              5
70 Cromwell Crescent, Market Harborough, Leicestershire LE16 9JR
*GUIDE PRICE     £150,000                  (plus fees)




Semi detached bungalow for modernisation

A two bedroomed semi-detached bungalow in the popular south Leicestershire town of Market
Harborough in need of renovation and full modernisation the property offers well proportioned
accommodation including entrance hall, spacious lounge, good sized kitchen, two bedrooms and
bathroom. There is a long driveway with single garage to the side and enclosed rear gardens. Sold
freehold with vacant possession.

Description:
Accommodation: Entrance Hall, Lounge 4.26m x 4.00m, Kitchen 3.73m x 3.01m, Bedroom 1, 4.10m x
3.39m, Bedroom 2, 2.79m x 2.86m, Bathroom.
Outside: Deep front garden with vehicular access leading to detached brick garage and further enclosed
rear gardens.




Tenure: Freehold                                                                                               Additional Fees

Local Authority: Harborough District Council                                                                   Administration Charge: Buyers will be required to pay an administration fee of £900 inc
                                                                                                               VAT (£750.00 +VAT)
Solicitors: Walker Morris Kings Court 12 Kings Street Leeds LS1 2HL 01134570300 Luke                           Buyers Premium
Robinson
                                                                                                               Buyers will be required to pay a buyers premium of £1140.00 (£950.00 + VAT)
Energy Performance Rating (EPC): E
                                                                                                               Disbursements: Please see legal pack for any disbursements that may become payable by
                                                                                                               the purchaser on completion.


    auctionhouse.co.uk                                                                                                                         *Description on Auction Information Page



          Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Selling Commercial Lots
                       David Stewart
                     Commercial Expert                                                at Better Prices to
                                                                                         the Best Buyers


                                                                                       Paul Rogers
                                                                                  Commercial Auctioneer




                                                         Colin West
                                                      Commercial Expert



                                                                                                                                     Adrian Harrison
                                                                                                                                   Commercial Auctioneer
                                                                                                       James Pank
                                                                                                    Commercial Expert



                                                      Stuart Cooper
                                                  Commercial Expert




                                                                                  Ian Hill                     David Tate                        Guy Leeder
                                                                             Commercial Expert                    Auctioneer                   Commercial Expert




                                                      Danny Mayer
                                                  Commercial Expert

                                                                                                                                                                                           Robert Hurst
                                                                                                                                                                                       Commercial Expert


                                                                                                                         Richard Greener
                                                                                                                       Commercial Auctioneer
                                                                                                                                                             Bryan Baxter
                                                                                                                                                         Commercial Auctioneer

                                                       Chris Edwards
                                                      Commercial Expert           Sally Smith
                                                                              Commercial Expert




                                     Dave Jones                                                         Charles Lovell
                                  Commercial Expert                                                    Commercial Expert               Andrew Binstock
                                                                                                                                     Commercial Auctioneer



                                                                                                                                                                         Andrew Stallard
                                                                                                                                                                        Commercial Expert


                                                          David Beddoe
                                                         Commercial Expert
                                                                                                                                       Nick Muston
                                                                                                                                   Commercial Auctioneer

                                                                                                   Steve Sprake
                                                                                                 Commercial Expert
                        Adam Cook
                    Commercial Auctioneer




        Call us now on 0345 8731366
For more information visit our website auctionhouse.co.uk/commercial
Residential                                                                                                                                                                             6
179 Welland Park Road, Market Harborough, Leicestershire LE16 9DW
*GUIDE PRICE     £150,000 - £175,000                              (plus fees)




Traditional Semi Deatched House. Ideal Buy to Let

A traditional semi-detached house in an enviable position overlooking the beautiful Welland Park. Close to
Market Harborough town centre, British Rail train station. Benefiting from gas central heating and UPVC
double glazing, the property has been previously let At £9000 per annum and is considered an ideal buy to let
investment.
The accommodation briefly includes an entrance vestibule, spacious lounge, breakfast kitchen rear lobby and
ground floor bathroom. On the first floor there are three bedrooms. Off road parking for a number of vehicles
to the front and larger than average mature rear gardens. Excellent freehold opportunity in this favoured
south Leicestershire market town.

Description:
Ground Floor: Entrance Hall, Lounge 4.27m x 3.78m, Breakfast Kitchen 4.85m x 2.87m, Rear lobby, Bathroom
First Floor: Landing Bedroom 1 3.81m x 2.67m, Bedroom 2 3.53m x 2.29m, Bedroom 3 2.59m x 2.34m
Outside: Off road parking to the front and large rear gardens.




Tenure: Freehold                                                                                               Additional Fees

Local Authority: Harborough District Council                                                                   Administration Charge: Buyers will be required to pay an administration fee of £900.00
                                                                                                               (£750 plus VAT).
Solicitors: Deals & Disputes, St Georges House, 6 St Georges Way, Leicester LE1 1QZ. Ref: Mr S                 Disbursements: Please see legal pack for any disbursements that may become payable by
Halborg                                                                                                        the purchaser on completion.
Energy Performance Rating (EPC): Current Rating E



    auctionhouse.co.uk                                                                                                                         *Description on Auction Information Page



          Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Residential for improvement                                                                                                                                                         7
67 Cleveleys Avenue, Leicester, Leicestershire LE3 2GH
*GUIDE PRICE     £125,000              (plus fees)




A traditional three bedroomed semi-detached house in the sought after Narborough Road South district in
need of general modernisation and updating, this traditionally styled semi includes an entrance hall, two
reception rooms, small kitchen and on the first floor three bedrooms and wet room/shower room. Outside
there is a driveway leading to brick garage and private enclosed rear gardens. Sold freehold with vacant
possession. Considered an ideal investment to renovate and add to your portfolio.

Description:
Ground Floor: Entrance Hall, lounge 3.20m x 3.81m (inc bay), dining room 3.43m x 3.24m, kitchen 2.50m x
1.81m.
First Floor: Landing, bedroom one 3.81m (inc bay) x 3.18m, bedroom two 3.41m x 3.19m, bedroom three
2.25m x 1.81m, wet room.
Outside: To the front of the property is a forecourt garden, driveway providing car standing, double gates lead
to further driveway, access to garage.
Garage 4.68m x 2.63m: With up and over door to the front, window and door to the side.




Tenure: Freehold                                                                                               Additional Fees
Local Authority: Leicester City Council                                                                        Administration Charge: Buyers will be required to pay an administration fee of
                                                                                                               £900.00 (£750 plus VAT).
Solicitors: Butterworths Solicitors 3 Walker Terrace Gateshead Tyne & Wear NE8 1EB TEL                         Buyers Premium: Buyers are required to pay a Buyer's Premium of £2,200
01984821152                                                                                                    (£1833.40 + VAT).
Energy Performance Rating (EPC): Current Rating TBC                                                            Disbursements: Please see legal pack for any disbursements that may become
                                                                                                               payable by the purchaser on completion.


    auctionhouse.co.uk                                                                                                                      *Description on Auction Information Page



          Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Residential for improvement                                                                                                                                                          8
6 Gaulby Road, Billesdon, Leicester, Leicestershire LE7 9AF
*GUIDE PRICE       £235,000             (plus fees)




Period Property in need of Extensive Modernisation

A rare development opportunity in the heart of one of the Leicestershire's most prestigious villages. Offered
for sale freehold with vacant possession, this detached dwelling which we understand was formerly four
terraced properties, one of which a former butchers and one of which demolished to the left hand side of the
property. There is elevated garden to the rear. The property has potential as an excellent family home subject
to extensive modernisation and refurbishment or indeed subject to planning consent, the properties could well
be converted to their previous layout. The current accommodation on the ground floor includes entrance
vestibule, two reception rooms, kitchen and the former butchers shop creates storage and a bathroom. On the
first floor there are three bedrooms. Many period features remain however the property is in a dilapidated
state and requires extensive modernisation.

Description:
Ground Floor: entrance vestibule, lounge, 3.76m x 4.05m, mid lobby, sitting room, 3.07m x 4.05m, kitchen
2.05m x 4.05m.
Former butchers shop 3.76m x 4.05m, first floor landing, bedroom one 3.07m x 4.05m, bedroom two 3.76m x
4.05m, outside.
Outside: A small forecourt garden, area to the side where the former fourth cottage would have been, could
provide off road parking and the rear elevated gardens are terraced.
Tenure: Freehold                                                                                                Additional Fees

Local Authority: Harborough District Council                                                                    Administration Charge: Buyers will be required to pay an administration
                                                                                                                fee of £900.00 (£750 plus VAT).
Solicitors: Josiah Hincks, 41 High Street, Market Harborough, Leicestershire LE16 7NL.        Ref: Emma         Disbursements: Please see legal pack for any disbursements that may
Sharp                                                                                                           become payable by the purchaser on completion.

Energy Performance Rating (EPC): Current Rating TBC

    auctionhouse.co.uk                                                                                                                       *Description on Auction Information Page



           Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Mixed Use Investments                                                                                                                                                               9
91 Lansdowne Road, Aylestone, Leicester, Leicestershire LE2 8AT
*GUIDE PRICE     £220,000               (plus fees)




Two self contained flats and additonal workshop to rear

A rare opportunity to purchase a mixed use investment package based in the sought after south Leicester area
of Aylestone consisting of a two storey semi-detached house converted into two self contained flats and a
further two storey workshop with additional single storey additions. The property is being sold subject to the
current tenancies in force with a total gross income of £17,220 per annum, this is made up of £6,720 for the
commercial element and £10,500 for the two flats. The tenant within the commercial area has security of
tenure having been in occupation for some twenty eight years. The first floor flat is held on an assured
shorthold tenancy rolling over with a long term tenant at £5,100 per annum and the ground floor flat is
subject to an assured shorthold tenancy for six months from 14th June 2019 at £5,400 per annum.Excellent
investment vehicle which at the quoted guide offers in excess of a twelve per cent yield.

Description:
Ground Floor Flat: Entrance Vestibule, Lounge 3.66 m x 3.56 m, Kitchen 4.70 m x 3.56 m, Bedroom 4.06 m x
2.64 m, Shower Room 1.72 m x 1.64 m
First Floor Flat: Entrance vestibule with stairs to first floor. Landing, Lounge 4.73 m x 3.68 m, Bedroom 3.65m
x 3.79 m , Kitchen 2.68m x 2.14m, bathroom.
Commercial Premises: Ground and first floor premises. GIA 74.5m2, Ground floor workshop, GIA 34m2,
Further workshop 19.8m2, Store GIA 12.45m2. Covered storage area



Tenure: Freehold subject to tenancy agreements                                                                 Additional Fees
Local Authority: Leicester City Council                                                                        Administration Charge: Buyers will be required to pay an
Solicitors: Melkerts Solicitors 2B Station Road Lutterworth LE17 4AP TEL 01455 552378                          administration fee of £900.00 (£750 plus VAT).
Energy Performance Rating (EPC): Current Rating TBC
                                                                                                               Disbursements: Please see legal pack for any disbursements that
                                                                                                               may become payable by the purchaser on completion.


    auctionhouse.co.uk                                                                                                                      *Description on Auction Information Page



          Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
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Any property used as security may be repossessed if you do not keep up the repayments.
Have you got a property to sell?
                PROPERTY TYPES IDEAL FOR AUCTION




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          Improvement             Properties      Investment




          Development              Building       Mixed Use
          Propositions              Land          Properties




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auctionhouse.co.uk
Plots/Building Land                                                                                                                                                              10
Land to the rear of Stapleton Lane, off Russett Close, Barwell, LE9 8HE
*GUIDE PRICE       £45,000                  (plus fees)




Potential Building Plot

A small parcel of land approached off Russett Close, lying to the south West side of Stapleton Lane.
Potential to develop subject to the relevant consents. Architects impressions would suggest the
construction of a small bungalow.




Tenure: Freehold                                                                                                 Additional Fees
Local Authority: Hinckley & Bosworth Borough Council                                                             Buyer's Premium: Buyers are required to pay a Buyer's Premium of £2,200
                                                                                                                 (£1833.40 + VAT).
Solicitors: Butterworths Solicitors 3 Walker Terrace Gateshead Tyne & Wear NE8 1EB Tel 01984821152
                                                                                                                 Administration Charge: Buyers will be required to pay an administration fee of
Energy Performance Rating (EPC): N/A
                                                                                                                 £900.00 (£750 plus VAT).
                                                                                                                 Disbursements: Please see legal pack for any disbursements that may become
                                                                                                                 payable by the purchaser on completion.


     auctionhouse.co.uk                                                                                                                       *Description on Auction Information Page



            Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Residential for improvement                                                                                                                                                       11
80 Leicester Street, Leicester, Leicestershire LE5 4FS
*GUIDE PRICE       £175,000 - £200,000                               (plus fees)




Situated in the sought after east Leicestershire district just off East Park Road, this substantial four bedroomed
end terraced house in need of general modernisation and updating offers good sized versatile accommodation,
would be ideal as an owner occupier or potential to convert to an HMO. Benefiting from double glazing, there
is some electric heating although there was previously a gas supply to the property.
The accommodation includes entrance hall, two reception rooms plus study, galley kitchen and part
constructed wet room. On the first floor there are four bedrooms and a large bathroom. Small courtyard with
brick stores. Sold with the benefit of being freehold with vacant possession.

Description:
Ground Floor: Entrance hall, lounge 3.68m x 3.65m, sitting room 4.03m x 3.05m, study 2.65m x 1.52m,
kitchen 4.14m x 2.07m, rear lobby, wet room 1.56m x 1.46m
First Floor: Landing, bedroom one 3.14m x 3.59m, bedroom two 3.65m x 3.06m, bedroom three 2.68m x
2.14m, bedroom four 2.84m x 1.43m, bathroom.
Outside: Gated walled enclosed yard area with three useful brick stores hold potential for further development
subject to consent.




Tenure: Freehold                                                                                                 Additional Fees
Local Authority: Leicester City Council                                                                          Administration Charge: Buyers will be required to pay an
Solicitors: Shakespeare Martineau, 2 Colton Square, Leicester LE1 1QN. Tel: 0116 2576197 Ref: Ms L               administration fee of £900.00 (£750 plus VAT).
Cox                                                                                                              Disbursements: Please see legal pack for any disbursements that
Energy Performance Rating (EPC): Current Rating TBC                                                              may become payable by the purchaser on completion.


      auctionhouse.co.uk                                                                                                                      *Description on Auction Information Page



            Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
DO YOU HAVE A PROPERTY
 SUITABLE FOR AUCTION?


  WE ARE NOW
TAKING ENTRIES
 FOR OUR NEXT
   AUCTION




  For all enquiries or a valuation contact
           0116 222 7575
        leicestershire@auctionhouse.co.uk
MEMORANDUM OF SALE
Property Address:                                                                                                                                          Lot No.

                                                                                                                                                           Price:

The Vendor:




The Purchaser:




                                  Post Code:                                                            Tel:

It is agreed that the Vendor sells and the Purchaser buys the property described in the accompanying particulars and *conditions of sale subject to their
provisions and the terms and stipulations in them at the price above mentioned.


Purchase Price:                   £

Less Deposit:                     £

Balance:                          £

Dated:

Completion Date:

Signed:



                                  Authorised Agent for Vendor
As Agents for the Vendor we acknowledge receipt of the deposit in the form

of:

Dated:

Signed:



                                  The Purchaser

Purchasers Solicitor:




                                  Post Code:                                                            Tel:

Vendors Solicitor:




                                  Post Code:                                                            Tel:
* For the purpose of this contract, the conditions of sale include the three sections of the RICS Common Auction Conditions, the Glossary, Conduct of the Auction and the General Conditions.

In addition and at the same time, the purchaser is required to pay by cheque, debit card, credit card (2% fee) or bankers draft to the Auctioneer an
Administration Charge of £900.00 (£750.00+VAT) plus Buyers Premium if applicable.
NON-ATTENDING BID OR TELEPHONE BID
Please also sign and return the reverse side of this form



AUTHORISATION FOR BIDDING BY PROXY OR TELEPHONE

Full Name (s):

Name of Company (if applicable):

Home or
Company
(address):                                                                                         Postcode:

Tel:                                                                        Mobile:

Email:

Hereby authorise Auction House to bid on my behalf by proxy / telephone (delete as applicable) bid for the property detailed below.

I confirm that I have read and understood the General Conditions of Sale and signed the Conditions of Bidding by Proxy or Telephone set
out overleaf.

PROPERTY AND BID DETAILS

Lot No.:                              Property Address:




My maximum bid (proxy bids only) will be:        £

(amount in words):

DEPOSIT (tick as applicable)

                 I attach a cheque for 10% of my proxy bid or £3000, whichever is the greater, plus £900.00 (£750.00+VAT)
                 Administration Charge plus Buyers Premium if applicable.
OR
                 I attach a blank cheque to be completed by the Auctioneer if my bid is successful, within which he will include £900.00
                 (£750.00+VAT) Administration Charge plus Buyers Premium if applicable.

My cheque of      £                                                      payable to READINGS PROPERTY GROUP (amount if applicable)


I hereby authorise Auction House to undertake Proof of Identification checks using the information provided.

Date of Birth                                Period living at current address                       NI Number

Passport Number

Driving Licence Number

Previous address if less than
6 months

SOLICITORS
My solicitors are:

Of (address):

                                                                                                   Postcode:

Tel:                                                               Person Acting:

If my bid is successful, I authorise the Auctioneer to sign the Memorandum of Sale on my behalf and recognise that I will be the legally
bound purchaser of the property referred to above and must complete the purchase of the property within the time specified in the
General/Special Conditions of Sale.

Signed:                                                                                                Date:
                                         PLEASE MARK THE ENVELOPE EITHER PROXY OR TELEPHONE BID
TERMS AND CONDITIONS FOR TELEPHONE BIDS AND BIDDING BY LETTER
                        Anyone not able to attend the auction and wishing to make a bid for any property,
                                                          do so on the following terms and conditions:

1.        The bidder must complete a separate authority form for each Lot involved, and provide a bankers draft, solicitor’s client’s account cheque
          or personal cheque for 10% of the maximum amount of the bid for each Lot. Please note the minimum deposit for any bid is £3,000 PER
          LOT.

2.        The bidder must upload Proof of Identity in the form of a scan of a driving licence or passport, and a scan of a utility bill to the Auctions
          Passport Service that accesses the property’s Legal Pack. Also you authorise Auction House to undertake a search with Experian for the
          purpose of verifying your identity. To do so Experian may check the details you supply against any particulars on any database (public or
          otherwise) to which they have access. They may also use your details in the future to assist other companies for verification purposes. A
          record of the search will be retained.

3.        The form must be sent to, or delivered to: Written & Telephone Bids, Auction House, Readings Property Group, 48 Granby Street,
          Leicester LE1 1DH to arrive before 6pm two working days prior to the start of the auction. It is the bidders responsibility to check that the
          form is received by Auction House and this can be done by telephoning the office.

4.        In the case of a telephone bid the prospective purchaser should provide a blank cheque in the name of the purchaser which the Auctioneer
          will complete on behalf of the prospective purchaser if the prospective purchaser is successful in purchasing the relevant property for 10%
          of the purchase price, plus the administration charge or in accordance with the General or Special Conditions of Sale relating to the lot.

5.        The bidder shall be deemed to have read the “Important Notice to be read by all bidders”; the particulars of the relevant Lot in the catalogue
          the general and special conditions of sale. The bidder shall be deemed to have taken all necessary professional and legal advice and to have
          made enquiries and have knowledge of any announcements to be made from the rostrum of any amendments relating to the relevant Lot.
          Announcements can and should be checked by bidders on the day before the auction. However, the Auctioneers will advise the bidders of
          any announcements as soon as possible prior to the Auction.

6.        In the case of a written bid, Auction House staff will compete in the bidding up to the maximum of the authorisation. If no maximum is
          inserted, Auction House reserve the right not to bid.

7.        Auction House reserve the right not to bid on behalf of written bidders, in the event of any error, doubt, omission, uncertainty as to the
          bid, any failure to validate Proof of Identification, or for any reason whatsoever and give no warranty, or guarantee, that a bid would be
          made on behalf of the bidder and accept no liability.

8.        In the event that the written or telephone bid is successful, the Auctioneer will sign the Memorandum of the Contract on behalf of the
          bidder (a Contract would have been formed on the fall of the hammer).

9.        In the event of a Contract, the deposit monies will be applied so far as necessary to meet the requirement for a 10% deposit
          (minimum £3,000) and the balance of the deposit (if any) will be held by the vendors solicitor pending completion. An Administration
          charge of £900.00 (£750.00+VAT) should be added to the deposit cheque or a separate cheque should be made payable to Readings
          Property Group.

10.       In the event that the bidder is unsuccessful in gaining the Contract, the deposit monies shall be returned to the bidder promptly.

11.       The Auctioneer will make no charge to a prospective purchaser for this service and will accept no liability whatsoever for any bid not being
          made on behalf of the prospective purchaser whether through lack of clarity of instructions or for any other reason whatsoever. Prospective
          telephone purchasers will not hold Auction House liable for any loss or claims relating to the telephone bidding system.The prospective
          purchaser will be advised if the relevant lot has been successfully purchased on his behalf as soon as possible after the auction. Where the
          lot has not been purchased the prospective purchaser will be notified by post and the deposit returned as soon as reasonably possible.

12.       Once delivered to the Auctioneers, the authority to bid is binding on the bidder on the day on which the particular Lot is auctioned. This is
          to allow for the possibility of a Vendor agreeing to sell post auction where the bidding has not reached the reserve.

13.       The authority can only be withdrawn by notification in writing delivered to Auction House at their office two hours before the start of the
          auction on the day the relevant Lot is scheduled to be auctioned, or by delivery into the hands of the Auctioneer in the auction room half-
          an-hour before the start of that day’s auction. It is the bidders responsibility to obtain a receipt on a copy of the withdrawal notification
          signed by one of the Auctioneers and without such a receipt the authority stands, any successful Contract is binding on the bidder.

14.       If the bidder, or an agent, actually bids at the auction without having previously withdrawn the authority, the Auctioneer is at liberty to
          accept such bid in addition to any bid from Auction House staff as empowered under the written authority. Auction House will have no
          liability whatsoever if the price achieved is the result only of this competition in bidding without intervention from other bidders.

15.       Prospective purchasers are advised in respect of telephone bids should they become disconnected during bidding or are unobtainable,
          Auction House will not be held responsible or liable for any loss suffered in respect thereof. I hereby confirm that I have read and understood
          the above terms and conditions to bid by letter.




Signed: ................................................................................................. Date: .......................................................................................


                                                  Please sign this page and ensure the form overleaf is completed
COMMON AUCTION CONDITIONS (EDITION 3)
REPRODUCED WITH THE CONSENT OF THE RICS

INTRODUCTION                                                                general conditions.                                                               information supplied by or on behalf of the seller. You need
The Common Auction Conditions have been produced for real estate            Interest rate                                                                     to check that the information in the particulars is correct.
auctions in England and Wales to set a common standard across the           If not specified in the special conditions, 4% above the base rate         A4.2   If the special conditions do not contain a description of the
industry. They are in three sections:                                       from time to time of Barclays Bank plc. (The interest rate will also              lot, or simply refer to the relevant lot number, you take the
                                                                            apply to judgment debts, if applicable.)                                          risk that the description contained in the particulars is
GLOSSARY                                                                    Lot                                                                               incomplete or inaccurate, as the particulars have not been
The glossary gives special meanings to certain words used in both           Each separate property described in the catalogue or (as the case                 prepared by a conveyancer and are not intended to form part
sets of conditions..                                                        may be) the property that the seller has agreed to sell and the buyer             of a legal contract.
AUCTION CONDUCT CONDITIONS                                                  to buy (including chattels, if any).                                       A4.3   The particulars and the sale conditions may change prior to
The Auction Conduct Conditions govern the relationship between              Old arrears                                                                       the auction and it is your responsibility to check that you
the auctioneer and anyone who has a catalogue, or who attends or            Arrears due under any of the tenancies that are not “new tenancies”               have the correct versions.
bids at the auction. They cannot be changed without the                     as defined by the Landlord and Tenant (Covenants) Act 1995.                A4.4   If we provide information, or a copy of a document, provided
auctioneer’s agreement.                                                     Particulars                                                                       by others we do so only on the basis that we are not
                                                                            The section of the catalogue that contains descriptions of each lot               responsible for the accuracy of that information or
SALE CONDITIONS                                                             (as varied by any addendum).                                                      document.
The Sale Conditions govern the agreement between each seller and            Practitioner
buyer. They include general conditions of sale and template forms           An insolvency practitioner for the purposes of the Insolvency Act          A5     THE CONTRACT
of special conditions of sale, tenancy and arrears schedules and a          1986 (or, in relation to jurisdictions outside the United Kingdom,         A5.1   A successful bid is one we accept as such (normally on the
sale memorandum.                                                            any similar official).                                                            fall of the hammer). This condition A5 applies to you if you
IMPORTANT NOTICE                                                            Price                                                                             make the successful bid for a lot.
A prudent buyer will, before bidding for a lot at an auction:               The price that the buyer agrees to pay for the lot.                        A5.2   You are obliged to buy the lot on the terms of the sale
• take professional advice from a conveyancer and, in appropriate           Ready to complete                                                                 memorandum at the price you bid plus VAT (if applicable).
  cases, a chartered surveyor and an accountant;                            Ready, willing and able to complete: if completion would enable the        A5.3   You must before leaving the auction:
• read the conditions;                                                      seller to discharge all financial charges secured on the lot that have            (a) provide all information we reasonably need from you to
• inspect the lot;                                                          to be discharged by completion, then those outstanding financial                  enable us to complete the sale memorandum (including
• carry out usual searches and make usual enquiries;                        charges do not prevent the seller from being ready to complete.                   proof of your identity if required by us);
• check the content of all available leases and other documents             Sale conditions                                                                   (b) sign the completed sale memorandum; and
  relating to the lot;                                                      The general conditions as varied by any special conditions or                     (c) pay the deposit.
• check that what is said about the lot in the catalogue is accurate;       addendum.                                                                  A5.4   If you do not we may either:
• have finance available for the deposit and purchase price;                Sale memorandum
                                                                            The form so headed (whether or not set out in the catalogue) in                   (a) as agent for the seller treat that failure as your
• check whether VAT registration and election is advisable;                                                                                                   repudiation of the contract and offer the lot for sale again:
The conditions assume that the buyer has acted like a prudent buyer.        which the terms of the contract for the sale of the lot are recorded.
                                                                            Seller                                                                            the seller may then have a claim against you for breach of
If you choose to buy a lot without taking these normal precautions                                                                                            contract; or
you do so at your own risk.                                                 The person selling the lot. If two or more are jointly the seller their
                                                                            obligations can be enforced against them jointly or against each of               (b) sign the sale memorandum on your behalf.
                                                                            them separately.                                                           A5.5   The deposit:
GLOSSARY                                                                    Special conditions                                                                (a) is to be held as stakeholder where VAT would be
This glossary applies to the auction conduct conditions and the sale        Those of the sale conditions so headed that relate to the lot.                    chargeable on the deposit were it to be held as agent for the
conditions.                                                                                                                                                   seller, but otherwise is to be held as stated in the sale
                                                                            Tenancies
Wherever it makes sense:                                                    Tenancies, leases, licences to occupy and agreements for lease and                conditions; and
• singular words can be read as plurals, and plurals as singular words;     any documents varying or supplemental to them.                                    (b) must be paid in pounds sterling by cheque or by bankers’
• a “person” includes a corporate body;                                     Tenancy schedule                                                                  draft made payable to us on an approved financial
• words of one gender include the other genders;                            The tenancy schedule (if any) forming part of the special conditions.             institution. The extra auction conduct conditions may state
• references to legislation are to that legislation as it may have been     Transfer                                                                          if we accept any other form of payment.
  modified or re-enacted by the date of the auction or the contract         Transfer includes a conveyance or assignment (and “to transfer”            A5.6   We may retain the sale memorandum signed by or on behalf
  date (as applicable); and                                                 includes “to convey” or “to assign”).                                             of the seller until the deposit has been received in cleared
• where the following words are printed in bold type they have the          TUPE                                                                              funds.
  specified meanings.                                                       The Transfer of Undertakings (Protection of Employment)                    A5.7   If the buyer does not comply with its obligations under the
Actual completion date                                                      Regulations 2006.                                                                 contract then:
The date when completion takes place or is treated as taking place          VAT                                                                               (a) you are personally liable to buy the lot even if you are
for the purposes of apportionment and calculating interest.                 Value Added Tax or other tax of a similar nature.                                 acting as an agent; and
Addendum                                                                    VAT option                                                                        (b) you must indemnify the seller in respect of any loss the
An amendment or addition to the conditions or to the particulars or         An option to tax.                                                                 seller incurs as a result of the buyer’s default.
to both whether contained in a supplement to the catalogue, a               We (and us and our)                                                        A5.8   Where the buyer is a company you warrant that the buyer is
written notice from the auctioneers or an oral announcement at the          The auctioneers.                                                                  properly constituted and able to buy the lot.
auction.                                                                    You (and your)
Agreed completion date                                                      Someone who has a copy of the catalogue or who attends or bids at          A6     EXTRA AUCTION CONDUCT CONDITIONS
Subject to condition G9.3:                                                  the auction, whether or not a buyer.                                       A6.1   Despite any special condition to the contrary the minimum
(a) the date specified in the special conditions; or                                                                                                          deposit we accept is £3,000 (or the total price, if less). A
(b) if no date is specified, 20 business days after the contract date;      AUCTION CONDUCT CONDITIONS                                                        special condition may, however, require a higher minimum
but if that date is not a business day the first subsequent business                                                                                          deposit.
day.                                                                        A1      INTRODUCTION
Approved financial institution                                              A1.1    Words in bold type have special meanings, which are defined        GENERAL CONDITIONS OF SALE
Any bank or building society that has signed up to the Banking Code                 in the Glossary.
                                                                            A1.2    The catalogue is issued only on the basis that you accept                 Words in bold type have special meanings, which are defined
or Business Banking Code or is otherwise acceptable to the                                                                                                    in the Glossary
auctioneers.                                                                        these auction conduct conditions. They govern our
Arrears                                                                             relationship with you and cannot be disapplied or varied by        G1.    THE LOT
Arrears of rent and other sums due under the tenancies and still                    the sale conditions (even by a condition purporting to replace     G1.1   The lot (including any rights to be granted or reserved, and
outstanding on the actual completion date.                                          the whole of the Common Auction Conditions). They can be                  any exclusions from it) is described in the special conditions,
Arrears schedule                                                                    varied only if we agree.                                                  or if not so described the lot is that referred to in the sale
The arrears schedule (if any) forming part of the special conditions.       A2      OUR ROLE                                                                  memorandum.
Auction                                                                     A2.1    As agents for each seller we have authority to:                    G1.2   The lot is sold subject to any tenancies disclosed by the special
The auction advertised in the catalogue.                                                                                                                      conditions, but otherwise with vacant possession on
                                                                                    (a) prepare the catalogue from information supplied by or
Auction conduct conditions                                                                                                                                    completion.
The conditions so headed, including any extra auction conduct                       on behalf of each seller;
                                                                                    (b) offer each lot for sale;                                       G1.3   The lot is sold subject to all matters contained or referred to
conditions.                                                                                                                                                   in the documents, but excluding any financial charges: these
Auctioneers                                                                         (c) sell each lot;
                                                                                                                                                              the seller must discharge on or before completion.
The auctioneers at the auction.                                                     (d) receive and hold deposits;
                                                                                                                                                       G1.4   The lot is also sold subject to such of the following as may
Business day                                                                        (e) sign each sale memorandum; and                                          affect it, whether they arise before or after the contract date
Any day except (a) a Saturday or a Sunday; (b) a bank holiday in                    (f) treat a contract as repudiated if the buyer fails to sign a             and whether or not they are disclosed by the seller or are
England and Wales; or (c) Good Friday or Christmas Day.                             sale memorandum or pay a deposit as required by these                       apparent from inspection of the lot or from the documents:
Buyer                                                                               auction conduct conditions.                                               (a) matters registered or capable of registration as local land
The person who agrees to buy the lot or, if applicable, that person’s       A2.2    Our decision on the conduct of the auction is final.                           charges;
personal representatives: if two or more are jointly the buyer their        A2.3    We may cancel the auction, or alter the order in which lots
obligations can be enforced against them jointly or against each of                                                                                           (b) matters registered or capable of registration by any
                                                                                    are offered for sale. We may also combine or divide lots. A                    competent authority or under the provisions of any
them separately.                                                                    lot may be sold or withdrawn from sale prior to the auction.
Catalogue                                                                                                                                                          statute;
                                                                            A2.4    You acknowledge that to the extent permitted by law we                    (c) notices, orders, demands, proposals and requirements of
The catalogue to which the conditions refer including any                           owe you no duty of care and you have no claim against us
supplement to it.                                                                                                                                                  any competent authority;
                                                                                    for any loss.
Completion                                                                                                                                                    (d) charges, notices, orders, restrictions, agreements and
Unless otherwise agreed between seller and buyer (or their                  A3      BIDDING AND RESERVE PRICES                                                     other matters relating to town and country planning,
conveyancers) the occasion when both seller and buyer have                  A3.1    All bids are to be made in pounds sterling exclusive of any                    highways or public health;
complied with their obligations under the contract and the balance                  applicable VAT.                                                           (e) rights, easements, quasi-easements, and wayleaves;
of the price is unconditionally received in the seller’s conveyancer’s      A3.2    We may refuse to accept a bid. We do not have to explain                  (f) outgoings and other liabilities;
client account.                                                                     why.                                                                      (g) any interest which overrides, within the meaning of the
Condition                                                                   A3.3    If there is a dispute over bidding we are entitled to resolve                  Land Registration Act 2002;
One of the auction conduct conditions or sales conditions.                          it, and our decision is final.                                            (h) matters that ought to be disclosed by the searches and
Contract                                                                    A3.4    Unless stated otherwise each lot is subject to a reserve price                 enquiries a prudent buyer would make, whether or not the
The contract by which the seller agrees to sell and the buyer agrees                (which may be fixed just before the lot is offered for sale). If               buyer has made them; and
to buy the lot.                                                                     no bid equals or exceeds that reserve price the lot will be               (i) anything the seller does not and could not reasonably
Contract date                                                                       withdrawn from the auction.                                                    know about.
The date of the auction or, if the lot is not sold at the auction:          A3.5    Where there is a reserve price the seller may bid (or ask us       G1.5   Where anything subject to which the lot is sold would expose
(a) the date of the sale memorandum signed by both the seller and                   or another agent to bid on the seller’s behalf) up to the                 the seller to liability the buyer is to comply with it and
buyer; or                                                                           reserve price but may not make a bid equal to or exceeding                indemnify the seller against that liability.
(b) if contracts are exchanged, the date of exchange. If exchange is                the reserve price. You accept that it is possible that all bids
not effected in person or by an irrevocable agreement to exchange                                                                                      G1.6   The seller must notify the buyer of any notices, orders,
                                                                                    up to the reserve price are bids made by or on behalf of the              demands, proposals and requirements of any competent
made by telephone, fax or electronic mail the date of exchange is                   seller.
the date on which both parts have been signed and posted or                                                                                                   authority of which it learns after the contract date but the
                                                                            A3.6    Where a guide price (or range of prices) is given that guide              buyer must comply with them and keep the seller
otherwise placed beyond normal retrieval.                                           is the minimum price at which, or range of prices within
Documents                                                                                                                                                     indemnified.
                                                                                    which, the seller might be prepared to sell at the date of the     G1.7   The lot does not include any tenant’s or trade fixtures or
Documents of title (including, if title is registered, the entries on the           guide price. But guide prices may change. The last published
register and the title plan) and other documents listed or referred                                                                                           fittings.
                                                                                    guide price will normally be at or above any reserve price,        G1.8   Where chattels are included in the lot the buyer takes them
to in the special conditions relating to the lot.                                   but not always – as the seller may fix the final reserve price
Financial charge                                                                                                                                              as they are at completion and the seller is not liable if they
                                                                                    just before bidding commences                                             are not fit for use.
A charge to secure a loan or other financial indebtness (not including
a rentcharge).                                                              A4      THE PARTICULARS AND OTHER INFORMATION                              G1.9   The buyer buys with full knowledge of:
General conditions                                                          A4.1    We have taken reasonable care to prepare particulars that                 (a) the documents, whether or not the buyer has read them;
That part of the sale conditions so headed, including any extra                     correctly describe each lot. The particulars are based on                 and
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