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The notices below apply to all properties within this catalogue and are essential reading before you bid.
Please also check www.strettons.co.uk for updates.
AUCTION TELEPHONE 1. Properties are offered subject to the Common 5. Some sellers require the buyer to contribute towards their
Auction Conditions (Edition 3 August 2009) which are legal/administrative costs by specifying an additional
020 7637 4000 reproduced with the consent of the Royal Institution of
Chartered Surveyors.
amount payable on completion. If applicable then it
will be detailed in the special conditions of sale
Central House These Conditions have three main sections: applying to that lot.
189-203 Hoe Street a. Glossary 6. No employee of the auctioneers has the authority to
London E17 3SZ This gives special meanings to some words used make or give any representation or warranty about
in the rest of the conditions. any of the lots to be offered.
And;
b. The conduct of the auction 7. The successful bidder must pay the deposit by
7-10 Chandos Street These conditions regulate the conduct of the auction. personal bank debit card (but not business debit or
Cavendish Square If you read our catalogue or attend the auction you credit card), bankers draft, building society draft or
London W1G 9DQ do so on the basis that you accept them. by cheque. If this requirement is not complied with
c. Conditions of sale then we reserve the right to offer the lot elsewhere
Also; or again by auction and claim any loss from you. Drafts
If you buy you will sign a sale memorandum under
EAST & NORTH LONDON which you agree to be bound by the conditions of should be made payable to Strettons. We are unable
sale for that lot. These conditions are: to accept the deposit payment in cash.
020 8520 9911
t(FOFSBMDPOEJUJPOTUIBUBQQMZUPBMMMPUT 8. If you are successful in the bidding then you have
CITY & CITY FRINGE entered into a binding contract to purchase the
t"OZFYUSBDPOEJUJPOTJOUIFDBUBMPHVFPSBOBEEFOEVN
020 7375 1801 lot subject to the conditions of sale. You must
t4QFDJBMDPOEJUJPOTUIBUPOMZBQQMZUPUIFMPUZPVBSF
WEST END buying (and which may vary the general conditions). immediately give to the auctioneers clerk your name
and address and that of your solicitor, provide two
020 7637 8080 These conditions are legally binding. forms of proof of identity to include both the
ESSEX & HERTS 2. A prudent buyer before bidding will: name and address of the buyer, pay the 10%
01279 451835 t 5 BLF QSPGFTTJPOBM BEWJDF GSPN B TPMJDJUPS BOE
JO deposit (or 2,000 whichever is the greater) and sign
appropriate cases, a surveyor and an accountant. the sale memorandum before leaving the room.
STRATFORD
t 3FBEUIFDPOEJUJPOT 9. If you are successful then, unless otherwise stated in
020 8522 4666 t *OTQFDUUIFMPU the conditions of sale, the lot will be at your risk upon
the fall of the gavel and so you are recommended to
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DIRECTORS purchase price. 10. Each successful buyer will be required to pay to
Benjamin Tobin #4D'3*$4'/"3"t Strettons a BUYERS ADMINISTRATION FEE of
t$IFDL XIFUIFS 7"5 SFHJTUSBUJPO BOE FMFDUJPO JT
Philip J Watereld BSc FRICS 600 including VAT on exchange of contracts for
advisable.
Simon E D Tilsiter BSc FRICSt each lot purchased (or 300 for transactions of
The conditions assume that the buyer has acted less than 10,000).
Francis C Hunter BSc FRICS
like a prudent buyer. If you choose to buy a lot
Mark R Bolton BSc MRICS
without taking these normal precautions you do 11. No responsibility is accepted for any information
Mark R Iliffe BSc MRICS
so at your own risk. unless taken from our own catalogue or web site, or
Christopher J M Collins specically provided by a member of the Strettons
Neal Matthews BSc MRICS 3. There may be updates to information issued auction team.
Mark H Shaw BSc FRICS ACIArb
either in this catalogue or elsewhere. A notice
detailing such changes will be available at the 12. Most Sellers will not allow us to release keys until after
Genevive Mariner BSc FRICS
auction, or an announcement may be made from completion. In other cases we will only release keys
Philip Costa BSc MRICS ACIArb
the rostrum. Updates are also posted on-line at after deposits have cleared which will usually be two
James R Bacon BA Bsc MRICSt
www.strettons.co.uk You are advised to check with or three days and then only with the Sellers consent.
Gary Powis BSc MRICS
us on arrival at the auction as to whether there are 13. Some of the lots in this catalogue may be in poor
Jonathan P Cuthbert MSc
any changes affecting the lot for which you intend to repair. Please take care when inspecting. All viewings
ASSOCIATE DIRECTORS bid. If you do bid you will be assumed to do so with are undertaken entirely at your own risk.
Ian Mann BSc MRICS knowledge of any such changes. You should also
Giles Owens MRICS check whether a lot in which you are interested has 14. Guide prices are for guidance purposes only, and
Christopher D Cornhill been withdrawn or sold prior. represent the range within which the reserve (the
Nicholas Duck BSc PGDip MRICS minimum gure at which a lot can be sold) may be set
4. Photographs or plans are for identication purposes at the time of catalogue printing. Guides may change
Peter J Costello BSc MRICS IRRV only to assist you in the location of the property and
Paul Quy at any time before the auction, and properties could
they are not intended to show the interest to be sold.
Simon Isaacs BA (Hons) PG Dip MRICS sell above or below the gures quoted, but we do
4VDIQIPUPHSBQITBOEQMBOTBSFFYQSFTTMZFYDMVEFE
Jeremy Feingold update them on our auction web site each working day
from the contract of sale. Location plans are
Suzanna Lewis BA (Hons) DipTP DipPD MRTPI MRICS up to the last such day before the auction, and they
reproduced with permission of Ordnance Survey under
Paul Joseph MSc (Dist) MRICS are shown on the printed auction day announcement
licence number ES100004608. All measurements and
sheet. If a change occurs after this publication deadline
NON-EXECUTIVE DIRECTORS EJNFOTJPOTBSFBQQSPYJNBUF/PTFSWJDFTPSTZTUFNT
then an announcement will be made from the rostrum.
Peter G Tobin BSc MPhil FRICS FCIarb (e.g. central heating, re and burglar alarms) have
been tested. The accommodation describes the If the guide price is stated as a single gure then the
Philip P Tobin FRICS MCIarb reserve will be within 10% of the stated gure.
Graham R Slyper FRICS IRRV number of rooms as currently arranged. A statement
for one lot does not imply that it does/does not apply 15. The word Equivalent in relation to rent means the
FINANCIAL CONTROLLER to another. corresponding annual amount due.
Kirit K Jethwa
HEAD OF OPERATIONS
Ray Taylor
HEAD OF PROPERTY ACCOUNTS
Richard Allen AIRPM
NEXT AUCTION: 10th OCTOBER 2016
HEAD OF RESIDENTIAL MANAGEMENT CATALOGUE ON-LINE: 21st SEPTEMBER - HARD COPIES AVAILABLE: 23rd SEPTEMBER
Sharon Brandelli MIRPM AssocRICS
INSURANCE MANAGER
Ram Bekir COPYRIGHT STRETTONS 2016. All rights are reserved.
No part of this catalogue may be reproduced, stored or transmitted in any form or by any means
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NATIONAL PROPERTY AUCTION
MONDAY 11th JULY 2016, 11am
The Grand Connaught Rooms, Great Queen Street, Kingsway, London WC2B 5DA
BY ORDER OF
Various mortgagees, receivers, public and private companies, trustees, executors,
housing associations, charities and others, including:
FOR AUCTION
HOW TO GET THERE
BY LONDON UNDERGROUND central London. The Central
ENQUIRIES
Nearest tube: line connects Essex to West
Covent Garden and Holborn London via the City and central
London. Heathrow airport is
Covent Garden Underground
approximately 40 minutes by
station (Piccadilly line) is a
tube from Covent Garden.
CALL THE AUCTION TEAM TODAY ON short walk from the venue.
Holborn Underground station BY CAR
1
* The Important Notice to Prospective Buyers , including a denition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
With 32 years of short term lending experience - we know the market.
Interest charged from 0.99% per calendar month. Typically, no arrangement fees*,
no extension fees and no end fees, subject to status. Overall cost for comparison of 12.4%.
You speak to the people who make the decisions, a quick and personal service.
Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on
it. A rate from 0.99% will be chargeable on the amount borrowed every calendar month. However rates are subject to
change and will increase or decrease in line with movements in 3m LIBOR (The London Inter-Bank Offered Rate For
Three Month Sterling Deposits). Rates will be adjusted on each calendar month anniversary of the facility. The overall
cost for comparison is 12.4% APR. *A 200 admin fee will be payable on completion of the bridging loan.
MEET THE TEAM
AUCTION AND INVESTMENTS
020 7637 4000
A WARM WELCOME
AND INTRODUCTION FROM
OUR AUCTION DIRECTOR
GILES OWENS MRICS BARRY WISE FNAEA
Associate Director and Auction Surveyor
Welcome to our mid-year sale of 2016 Equally, our team of auction surveyors
Auction Surveyor which, as we go print, is just before the is on hand to help. So, whether buying
outcome of the EU Referendum with or selling, please feel free to contact
varied predictions as to the effect of the me or one of my colleagues.
vote if it is to leave the European Union.
Our next catalogue is on-line 21st
Whatever the outcome, UK real estate September and we will be working
has stood the test of time and, as the on that over the summer. Meanwhile,
results of our May sale demonstrated, we wish you a good summer and, for
SAM HARBORNE ROBERT WOOLFE BSc there is still an insatiable demand those celebrating, Ramadan Mubarak.
Auction Surveyor Auction Surveyor for property. As always, however,
its all about buyer and seller price
expectations and, unless prices
continue to rise, factors such as
the recent increased stamp duty
burden on second homes, landlord
registration and a new buy-to-let tax Philip Watereld, Auction Director
regime next year will nibble away at philip.watereld@strettons.co.uk
NATALIE YOUNG JANICE HORNSBY the residential investment market. Direct Dial: 020 8509 4411
Senior Administrator Administrator (Solicitor Liaison)
There could, therefore, be a swing
to more demand for commercial
property, especially from the individual
investor who has, since last year, been
able to draw down on his pension
OW
pot which could be used to buy a
WANT TO K N
commercial investment for
GOES ON?
retirement income. WHAT REALLY nd a
us for a free
LIANNE BARBIER KIM WIGGINS
C ome and jo in
Administrator (Accounts) Administrator (West End Ofce)
There is a slightly different mind-set ; KM V M[
QVL \P M
for owning and managing commercial QVNWZU I T *MP io n day.
.30am on auct
property and our estate management
semin a r at 9
email
ited. To join us
team of 45+ staff is available to offer
ac es are lim
guidance. So, if you want to know Pl _ Q\ P*<;
[\ ZM \\WV[KW]S
more about owning a commercial I] K\ QW V [( ur n ame,
t ti tle and yo
investment, please talk to one of the in th e subjec num be r.
e and co n tact
management team. company n am
NICK DUCK BSc (Hons) PGDip MRICS
Head of West End Agency
3
* The Important Notice to Prospective Buyers , including a denition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
EAST & NORTH LONDON | CITY & CITY FRINGE | WEST END | ESSEX & HERTS | STRATFORD
PRIVATE TREATY
MIXED USE INVESTMENT ON THE INSTRUCTION OF B TOBIN AND J BACON ACTING AS LPA RECEIVERS
nick.duck@strettons.co.uk
020 7907 7422
WORKSHOP/WARHEOUSE LONG LEASEHOLD CLERKENWELL OFFICE WAREHOUSE WITH OFFICES & YARD
4
FOR AUCTION
MORE INFORMATION
ENQUIRIES: 020 7637 4000 AND OPPORTUNITIES PLEASE VISIT www.strettons.co.uk
* The Important Notice to Prospective Buyers , including a denition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
In a property auction,
getting the finance
together is the key. Were right
behind you
Whatever your situation, speak to and so is our
the Together team to unlock the right nance.
funding solution. Scott Hendry
togethermoney.com
For professional use only. 5
AUCTION ENQUIRIES: 020 7637 4000
Together is a trading *style
TheofImportant Notice toLimited.
Auction Finance Prospective Buyers
Auction , including
Finance a denition
Limited of Guide
is registered Price , isand
in England printed on - Company Registration Number 04949929.
Wales
the inside
Registered office address: Lakefront
View,cover of the catalogue.
Lakeside, These Notices
Cheadle, Cheshire SK8 apply
3GW.to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
ORDER OF SALE
PLEASE REFER TO ADDITIONAL SHEET (IF APPLICABLE) FOR EXTRA LOTS
LOT ADDRESS
1 72 Glenavon Road, Stratford E15 4DD 20 Land at Riverside Estate, Morson Road, Eneld,
EN3 4NQ
2 31 Sutherland Road, Edmonton N9 7QE
21 530-532 Roman Road, Bow E3 5ES
3 33 Lakehall Road, Thornton Heath, Surrey CR7 7EG
22 251-253 Station Road, Dunscroft, Doncaster
4 17 Pound Close, Long Ditton, Surbiton, Surrey DN7 4DY
KT6 5JW
23 Craven Business Centre, Bentinck Street,
5 2 Kemble Road, Forest Hill SE23 2DJ Birkenhead CH41 4HH
6 2a Selby Road, Leytonstone E11 3LT 24 21 Cressy Houses, Hannibal Road, Stepney E1 3JE
7 50 Tanners Lane, Barkingside IG6 1QE 25 37 Court Parade, East Lane, Wembley HA0 3HS
8 52 Tanners Lane, Barkingside IG6 1QE 26 103A Dames Road, Forest Gate E7 0DZ
13 Flat 77 & Parking Space 57, The Odeon, 32 20 Farm Road, Rainham, Essex RM13 9JU
22-30 Longbridge Road, Barking, IG11 8RR
33 Land rear of 16e Higheld Hill, Crystal Palace
14 235A Oxlow Lane, Dagenham RM10 7YA SE19 3PS
15 75a Mottingham Road, Mottingham SE9 4QZ 34 Berry Copse, The Street, Canterbury, Kent CT3 1HZ
16 209 Lenthall Avenue, Grays, Essex RM17 5AA 35 Land North Side of, Thame Road, Oxford,
Oxfordshire OX44 7AG
17 71A Jedburgh Road, Plaistow E13 9LF
36 High Bank Quarry, High Bank Lane, Thurlstone,
18 Flat 4, Raymor Court, 91 Upper Clapton Road, Shefeld, South Yorkshire S36 9QH
Clapton E5 9BX
37 202 Ballards Lane, Finchley N3 2NA
19 112 Alexandra Road, Grimsby, South Humberside
DN31 1RN 38 337 Ewell Road, Surbiton KT6 7BZ
6
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers , including a denition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
ALPHABETICAL INDEX
PLEASE REFER TO ADDITIONAL SHEET (IF APPLICABLE) FOR EXTRA LOTS
E1 N3 MIDDLESEX
Lot 24 21 Cressy Houses, Lot 37 202 Ballards Lane, Finchley Lot 27 32 Lavender Gardens,
Hannibal Road, Stepney, N3 2NA Eneld, Middlesex EN2 0TP
E1 3JE
Lot 20 Land at Riverside Estate,
N9
Morson Road, Eneld,
E3
Lot 2 31 Sutherland Road, EN3 4NQ
Lot 21 530-532 Roman Road, Bow, Edmonton, N9 7QE Lot 25 37 Court Parade, East Lane,
E3 5ES Wembley, HA0 3HS
SE9
E5 OXFORDSHIRE
Lot 15 75a Mottingham Road,
Lot 18 Flat 4, Raymor Court, Mottingham SE9 4QZ Lot 35 Land North Side of,
91 Upper Clapton Road, Thame Road, Oxford,
Clapton E5 9BX SE19 Oxfordshire OX44 7AG
E7 Lot 33 Land rear of 16e
Higheld Hill, Crystal Palace SURREY
Lot 26 103A Dames Road, SE19 3PS
Lot 3 33 Lakehall Road,
Forest Gate E7 0DZ
Thornton Heath, Surrey
SE23 CR7 7EG
Lot 10 First Floor Flat 384
Katherine Road, Forest Gate Lot 5 2 Kemble Road, Forest Hill Lot 4 17 Pound Close,
E7 8NW SE23 2DJ Long Ditton, Surbiton,
Lot 11 Ground Floor Flat 384 Surrey KT6 5JW
Katherine Road, Forest Gate ESSEX
E7 8NW Lot 38 337 Ewell Road,
Lot 28 2/2A High Street, Surbiton KT6 7BZ
E10 Roydon, Essex CM19 5HJ
SOUTH HUMBERSIDE
Lot 12 5 Birch Court, 169 Lot 13 Flat 77 & Parking Space
Skeltons Lane, Leyton 57, The Odeon, Lot 19 112 Alexandra Road,
E10 5DB 22-30 Longbridge Road, Grimsby, South Humberside
Barking, IG11 8RR DN31 1RN
Lot 27 38 Capworth Street,
Leyton E10 7HA Lot 7 50 Tanners Lane,
Barkingside IG6 1QE SOUTH YORKSHIRE
E11 Lot 8 52 Tanners Lane, Lot 22 251-253 Station Road,
Barkingside IG6 1QE Dunscroft, Doncaster
Lot 6 2a Selby Road,
Leytonstone E11 3LT Lot 14 235A Oxlow Lane, DN7 4DY
Dagenham RM10 7YA Lot 36 High Bank Quarry, High Bank
E13 Lane, Thurlstone, Shefeld,
Lot 32 20 Farm Road, South Yorkshire S36 9QH
Lot 17 71A Jedburgh Road, Rainham, Essex RM13 9JU
Plaistow E13 9LF Lot 16 209 Lenthall Avenue, WEST MIDLANDS
Grays, Essex RM17 5AA
E15 Lot 30 639 Bearwood Road,
KENT Smethwick B66 4BL
Lot 1 72 Glenavon Road, Stratford
E15 4DD Lot 9 Ryton House, Leamington
Lot 34 Berry Copse, The Street, Road, Ryton-On-Dunsmore,
Canterbury, Kent CT3 1HZ Coventry CV8 3FL
E16
Lot 31 45 Beckton Road, Canning MERSEYSIDE
Town E16 4EA
Lot 23 Craven Business Centre,
Bentinck Street, Birkenhead
CH41 4HH
7
* The Important Notice to Prospective Buyers , including a denition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
8
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers , including a denition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
RESIDENTIAL. SALES | LET TINGS | NEW BUILDS
chris.chidgey@strettons.co.uk 020 8509 4406 | craig.tiller@strettons.co.uk 020 8509 4405 | stephen.agathangelou@strettons.co.uk 0208 509 4477
9
* The Important Notice to Prospective Buyers , including a denition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 1
72 GLENAVON ROAD, STRATFORD,
E154DD
FREEHOLD VACANT HOUSE FOR
MODERNISATION
LOCATION & DESCRIPTION
A two storey single bayed terraced house on the west side of
Glenavon Road off Romford Road (A118) and within close proximity
of Stratford town centre with its underground, mainline and DLR
station, Westfield shopping centre and the Queen Elizabeth Olympic
Park.
ACCOMMODATION
First Floor: 2 rooms
Ground Floor: 1 room, kitchen, lobby to bathroom/WC
Rear garden
OFFERED VACANT FOR MODERNISATION
NOTE
Viewings - All at 11:00 am
Monday 27 June
Friday 1 July
Monday 4 July
Friday 8 July
EPC RATING: On application
JOINT AUCTIONEER
Charles Living and Son
Tel: 020 8534 1163 - Mark Wade
LOT 2
31 SUTHERLAND ROAD, EDMONTON,
N97QE
FREEHOLD VACANT HOUSE FOR
REPAIR/MODERNISATION
LOCATION & DESCRIPTION
A two storey double-bayed mid terrace house.
Within an established residential area west of Hertford Road and
about mile from Edmonton Green shopping centre and Edmonton
Green mainline station. Jubilee Park is within close proximity.
ACCOMMODATION
First Floor: 2 rooms, bathroom
Ground Floor: 2 rooms (interconnecting), kitchen, sep. WC
Lean-to stores
Front and rear gardens
OFFERED VACANT FOR REPAIR/MODERNISATION
EPC RATING: On application
10
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
BY ORDER OF
Croydon University Hospital and the A23 are about mile to the
west.
ACCOMMODATION
First Floor: 3 rooms
Ground Floor: 2 rooms, kitchen, bathroom/WC
Rear garden
Detached garage in garden
OFFERED VACANT FOR IMPROVEMENT/MODERNISATION
EPC RATING: On application
BY ORDER OF
Side Garage
OFFERED VACANT FOR REPAIR/IMPROVEMENT
EPC RATING: On application
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
11
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
BY ORDER OF
LOT 6
2A SELBY ROAD, LEYTONSTONE, E113LT
FREEHOLD VACANT HOUSE FOR INVESTMENT OR
OWNER OCCUPATION
LOCATION & DESCRIPTION
A recently refurbished two storey house on the north side of Selby
Road close to its junction with High Road Leytonstone and
conveniently placed for local shops and public transport with bus
routes to Stratford town centre and Leytonstone underground station
(Central line).
ACCOMMODATION
First Floor: Double bedroom, bathroom/WC
Ground Floor: Lounge/dining room/kitchen
Central heating, double glazing.
OFFERED VACANT FOR INVESTMENT OR OWNER
OCCUPATION
EPC RATING: E
12
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOTS
7&8
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
13
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
BY ORDER OF MORTGAGEES
LOT 9 NOT IN POSSESSION
RYTON HOUSE
LEAMINGTON ROAD
RYTON-ON-
DUNSMORE
NEAR COVENTRY
WEST MIDLANDS
CV83FL
FREEHOLD VACANT
DERELICT GRADE II
LISTED MANOR HOUSE
SET IN GROUNDS
Period Property
13.5 acres (5.5 ha) of
Parkland
Road Frontage to A45
Subject to Consents may
be Suitable for
Redevelopment
14
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOTS
10 & 11
LOT 12
FLAT 5 BIRCH COURT, 169 SKELTONS
LANE, LEYTON, E105DB
LONG LEASEHOLD VACANT FLAT
LOCATION & DESCRIPTION
A self-contained top floor flat within a detached block. On the south
side of Skeltons Lane off High Road Leyton (A112) between
Colchester Road and Abbotts Park Road adjacent to George Mitchell
School. Leyton Midland Road mainline station is just under mile
away.
ACCOMMODATION
1 room, lounge with kitchen, bathroom/WC
Central heating, double glazing
OFFERED VACANT
LEASE DETAILS
Approximately 80 years unexpired.
EPC RATING: C
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
15
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 13
FLAT 77 & PARKING SPACE 57, THE
ODEON, 22-30 LONGBRIDGE ROAD,
BARKING, ESSEX IG118RR
LONG LEASEHOLD VACANT FLAT
LOCATION & DESCRIPTION
A third floor purpose built flat which forms part of a modern mixed
use development in a popular commercial/residential area. Barking
mainline/underground station (District line and Hammersmith & City
lines) is almost opposite and Vicarage Field shopping centre is within
close proximity. Barking is easily accessible via the North Circular
Road (A406) which links with the A13.
ACCOMMODATION
1 bedroom, open plan lounge/kitchen with Juliet balcony,
bathroom/WC
1 underground parking space.
The block includes a lift and entry phone system
Communal gardens.
Let on an AST at 775 pcm
EQUIVALENT TO 9,300 p.a.
LEASE DETAILS
125 years from 29.09.2001 at a current ground rent of 250 p.a.
EPC RATING: On application
LOT 14
235A OXLOW LANE, DAGENHAM, ESSEX
RM107YA
LEASEHOLD VACANT FLAT
LOCATION & DESCRIPTION
A self-contained flat above commercial premises within a two storey
terraced property. On the north side of Oxlow Lane between
Marston Avenue and Frizlands Lane just east of Heathway (A1260)
and approximately 1 mile from Dagenham Heathway underground
station (District line).
ACCOMMODATION
(Accessed via service road)
3 rooms, open plan reception/kitchen, bathroom/WC
Double-glazing
Loft room
OFFERED VACANT
LEASE DETAILS
69 years unexpired
EPC RATING: D
16
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 15
75A MOTTINGHAM ROAD, MOTTINGHAM,
SE94QZ
LEASEHOLD VACANT SPLIT LEVEL MAISONETTE
LOCATION & DESCRIPTION
A spacious split level self contained maisonette arranged over the
first and second floors of this three storey mixed
commercial/residential building on the corner with Court Road about
mile south of Mottingham mainline railway station.
LOT 16
209 LENTHALL AVENUE, GRAYS, ESSEX
RM175AA
LONG LEASEHOLD FLAT LET ON AST
LOCATION & DESCRIPTION
Grays is an Essex town reached via the A1012 from the A13 just to
the east of Junction 30 of the M25.
A large split-level self-contained flat with own rear street door on two
main floors above a commercial property to the north of central
Grays with its mainline station.
ACCOMMODATION
Upper Floor: 3 rooms, bathroom/WC
Lower Floor: Large reception room, fitted kitchen
Let on an AST (now holding over) at 775 pcm.
EQUIVALENT TO 9,300 p.a.
LEASE DETAILS
Recent 999 year lease at a peppercorn.
NOTE
Viewings can be arranged by appointment.
EPC RATING: E
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
17
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
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essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 17
71A JEDBURGH ROAD, PLAISTOW, E139LF
LEASEHOLD RESIDENTIAL INVESTMENT
LOCATION & DESCRIPTION
A ground floor self-contained flat within a mid terrace house in an
established residential area south of Barking Road (A124) and just
over mile from Upton Park underground station (District and
Hammersmith & City lines) and Queen's Market.
ACCOMMODATION
2 rooms, box room, kitchen, bathroom/WC
Let on an AST at 700 pcm.
EQUIVALENT TO 8,400 p.a.
LEASE DETAILS
99 years from 30.07.1975 (about 58 years unexpired) at a current
ground rent of 50 p.a.
NOTE
Between exchange and completion, the seller is open to serving
notice for a lease extension which can be assigned to the buyer on
completion (please refer to Special Conditions).
EPC RATING: On application
JOINT AUCTIONEER
Tic Finance
Tel: 020 8518 6555 (Ext 226) Ref:Paran Singh
LOT 18
FLAT 4 RAYMOR COURT, 91 UPPER
CLAPTON ROAD, CLAPTON, E59BX
LEASEHOLD VACANT FLAT FOR MODERNISATION
LOCATION & DESCRIPTION
A first floor self-contained flat within this mixed
commercial/residential block on the west side of Upper Clapton Road
opposite its junction with Mount Pleasant Hill.
The immediate area is very well served by local shops. Clapton
mainline station is within about 500m.
ACCOMMODATION
First Floor:
3 rooms, kitchen, bathroom/WC
OFFERED VACANT FOR MODERNISATION AND INVESTMENT
OR OWNER OCCUPATION
LEASE DETAILS
99 years from 25.12.1984
EPC RATING: D
18
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AUCTION: 11th JULY 2016
LOT 19
112 ALEXANDRA ROAD, GRIMSBY, SOUTH
HUMBERSIDE DN311RN
FREEHOLD RESIDENTIAL INVESTMENT
LOCATION & DESCRIPTION
A single bay terraced house arranged as two flats. On the west side
of Alexandra Road between the A180 and A16 and within close
proximity of Grimsby Docks station, Alexandra Retail Park and
Freshney Place shopping centre.
ACCOMMODATION (Not inspected)
First Floor Flat:
2 rooms, kitchen, bathroom/WC
Central heating, double glazing
Ground Floor Flat:
2 rooms, kitchen, bathroom/WC
Central heating, double glazing
Rear parking
LOT 20
LAND AT RIVERSIDE ESTATE, MORSON
ROAD, ENFIELD, MIDDLESEX EN34NQ
FREEHOLD VACANT LAND
LOCATION & DESCRIPTION
A rectangular site fronting the DPD Interlink Express Depot within
this established industrial area, east of Meridian Way (A1055) and
south of Lea Valley Road (A110). Ponders End mainline station is
about mile away.
SITE AREA: (from digital mapping)
Site Frontage: 160 ft (48.7 m)
Site Area: 2,800 sq ft (260 sq m)
OFFERED VACANT
NOTE
Seller advises electric and water connected to site.
JOINT AUCTIONEER
Paul Simon Seaton
Tel: 020 8800 4321 Ref: Nicholas Seaton
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
19
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
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AUCTION: 11th JULY 2016
LOT 21
530-532 ROMAN ROAD
BOW
E35ES
FREEHOLD VACANT
DOUBLE SHOP AND
UPPER PARTS WITH
PLANNING PERMISSION
NOT TO SCALE FOR INFORMATION ONLY ES100004608 VIEW FROM WILLIAM PLACE CGI OF PROPOSED DEVELOPMENT
20
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AUCTION: 11th JULY 2016
LOT 22
251-253 STATION RD
DUNSCROFT
DONCASTER
SOUTH YORKSHIRE
DN74DY
FREEHOLD VACANT
SHOPS, UPPER PARTS &
OUTBUILDINGS
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
21
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
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AUCTION: 11th JULY 2016
LOT 23
CRAVEN BUSINESS
CENTRE,
BENTINCK STREET
BIRKENHEAD
CH414HH
FREEHOLD PART VACANT
COMMERCIAL
INVESTMENT
22
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the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
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AUCTION: 11th JULY 2016
LOT 25
37 COURT PARADE, EAST LANE,
WEMBLEY, MIDDLESEX, HA03HS
FREEHOLD VACANT SHOP PLUS FLAT LET ON AST
& GROUND RENT
LOCATION & DESCRIPTION
A mid terrace property comprising a shop with separate front access
to two self-contained flats above (one sold off). A rear service road is
accessed via Stilecroft Gardens. Forming part of a local parade at the
intersection with Watford Road (A404).
Sudbury & Harrow and North Wembley stations are both within
mile and the property is about 2 miles from Wembley Stadium.
ACCOMMODATION
Ground Floor Shop: 750 sq ft (69.6 sq m), 2 WCs
First Floor Flat (37A): 2 bedrooms, kitchen leading to living room,
bathroom/WC. Let on an AST at 1,050 pcm.
Second Floor Flat (37B): Sold on a 125 year lease from 24.06.2005
at a current ground rent of 250 p.a.
EQUIVALENT TO 12,850 p.a. PLUS VACANT SHOP
NOTE
There may be potential to convert the rear part of the shop into
residential subject to all necessary consents.
EPC RATING: Shop & Flat: Both "D"
JOINT AUCTIONEER
Hull & Co
020 8518 0131 Attn: Mr S Barrable
NOT TO SCALE FOR INFORMATION ONLY NOT TO SCALE FOR INFORMATION ONLY *GUIDE PRICE: 430,000 - 440,000
ES100004608 ES100004608
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
23
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 26
103A DAMES ROAD, FOREST GATE, E70DZ
FREEHOLD RESIDENTIAL INVESTMENT & VACANT
OFFICES
LOCATION & DESCRIPTION
A mid terrace two storey property comprising three flats on the first
floor and two self-contained offices on the ground floor. On the west
side of Dames Road between Talbot Road and Vansittart Road within
close proximity of Woodgrange Road.
ACCOMMODATION
Attic Floor/First Floor: Arranged as 2 x studio flats each comprising
1 room with kitchen, shower room/WC and a 1 bedroom flat
comprising 2 rooms (1 with kitchen area), shower/WC
Each flat is let on an AST at rents totalling 2,300 pcm
Ground Floor Office (front):
3 rooms, sep. WC
Ground Floor Office (rear):
4 rooms, open plan office
The ground floor is offered VACANT and is suitable for residential
conversion (subject to consent).
EQUIVALENT TO 27,600 p.a.
EPC RATING: On application
LOT 27
38 CAPWORTH STREET, LEYTON, E107HA
FREEHOLD VACANT SHOP & UPPER PART
LOCATION & DESCRIPTION
A two storey mid terrace property comprising a shop with internal
and separate front access to residential accommodation over the
remainder of the property.
Within this popular mixed commercial/residential area, just south of
High Road Leyton (A112) and a short distance from the "Bakers
Arms" where Hoe Street, Lea Bridge Road and High Road Leyton
intersect. Leyton Midland Road mainline station is about mile
away. Leyton has good road links via the North Circular Road (A406)
and the A12.
ACCOMMODATION
First Floor Residential:
3 rooms, bathroom/WC plus attic room (accessed via ladder)
Ground Floor Shop:
275 sq ft (25.5 sq m)
Rear Ground Floor Residential:
Living room, kitchen/diner, shower room/WC
Cellar:
Not measured.
OFFERED VACANT
NOTE
There may be potential to convert the property into two
self-contained flats subject to all necessary consents.
EPC RATING: On application
24
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 28
2/2A HIGH STREET
ROYDON
ESSEX
CM195HJ
FREEHOLD
RESTAURANT/FLAT
INVESTMENT PLUS
ADJOINING HOUSE LET
ON AST - ALL WITH
DEVELOPMENT
POTENTIAL
NOT TO SCALE FOR INFORMATION ONLY ES100004608 LOUNGE AND PART OF DINING AREA
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
25
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 29
32 LAVENDER GARDENS, ENFIELD,
MIDDLESEX EN20TP
FREEHOLD COMMERCIAL INVESTMENT PLUS
VACANT REAR STORE WITH PP FOR OFFICE
LOCATION & DESCRIPTION
A single storey commercial unit and attached rear store on a
triangular corner plot.
On the west side of Lavender Gardens in a predominantly residential
area although within a short walk of Gordon Hill mainline station and
shops in Lavender Hill.
SITE AREA: (from digital mapping)
1,090 sq ft (101.3 sq m)
LOT 30
639 BEARWOOD ROAD, SMETHWICK,
WEST MIDLANDS B664BL
FREEHOLD COMMERCIAL INVESTMENT
LOCATION & DESCRIPTION
A terraced property arranged as an A5 take-away shop with a self-
contained first floor flat, accessed via Poplar Road. Within a busy
local retail parade on the east side of Bearwood Road which serves
the wider residential area.
Located approximately 3 miles west of Birmingham city centre and 1
mile south of Smethwick town centre whilst the A456 which links
with junction 3 of the M5 and Birmingham city centre is about 100m
to the south.
ACCOMMODATION
Retail/kitchen area: 323 sq ft (30 sq m)
First Floor: 2 rooms 243 sq ft (22.6 sq m)
Entire property is let on a 20 year repairing and insuring lease from
November 2012 at a stepped rent currently 10,000 p.a. rising in
November 2016 to 11,000 p.a. with a tenant break option in
December 2017 but subject to a 5,000 rise.
EQUIVALENT TO 10,000 p.a. RISING TO 11,000 p.a. IN
NOVEMBER 2016
EPC RATING: On application
26
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
BY ORDER OF B TOBIN & J BACON OF STRETTONS AS LPA RECEIVERS
LOT 30A
1-9 CARVER STREET &
120 POPE STREET
BIRMINGHAM
WEST MIDLANDS
B13AG
FREEHOLD VACANT
JEWELLERY QUARTER
SITE WITH PP FOR HOTEL
& PP FOR
COMMERCIAL/RESIDENTIAL
DEVELOPMENT
JOINT AUCTIONEER
Maguire Jackson
33 George Street
Birmingham B31 1QA
Tel: 0121 634 1520
Ref: Kathryn Molloy
LOT 31
45 BECKTON ROAD
CANNING TOWN
E164EA
FREEHOLD SITE WITH
OUTLINE PLANNING
PERMISSION
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
27
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 32
20 FARM ROAD
RAINHAM
ESSEX
RM139JU
FREEHOLD VACANT SITE
WITH PLANNING
PERMISSION FOR 4
HOUSES
NOT TO SCALE FOR INFORMATION ONLY ES100004608 PROPOSED STREET SCENE - SEMI DETACHED HOUSES
28
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 33
LAND REAR OF, 16E HIGHFIELD HILL,
CRYSTAL PALACE, SE193PS
FREEHOLD VACANT LAND WITH LAPSED
PLANNING PERMISSION
LOCATION & DESCRIPTION
A roughly rectangular plot of land to the rear of 16E Highfield Hill in a
well established and popular residential area within close proximity of
Crystal Palace "triangle" offering a variety of fashionable shops,
restaurants and bars. Public transport is provided by Crystal Palace
mainline station and the area is generally well served by bus routes.
Recreational amenities can be found at Crystal Palace Park.
IN 2000 PLANNING PERMISSION WAS GRANTED FOR 2
DETACHED HOUSES BUT NOT IMPLEMENTED
NOTE
Viewing: Open land
NOT TO SCALE FOR INFORMATION ONLY ACCESS ROAD *GUIDE PRICE: 475,000 plus
ES100004608
FREEHOLD
ROADSIDE SITES
ROADSIDEE REQUIRED
SITES
REQUIREDD ON BEHALF OF
t*EFBMMZBDSF
t-BSHFSTJUFTDPOTJEFSFE
t$MFBSFETJUFTPSXJUIFYJTUJOHCVJMEJOHT
t.BJOSPBEQPTJUJPOT
*OUIFGPMMPXJOHBSFBT
5IF.JEMBOET
/PSUI&BTU
/PSUI8FTU
8BMFT
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
29
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 34
BERRY COPSE, THE STREET, EAST
STOURMOUTH, CANTERBURY, KENT
CT31HZ
FREEHOLD VACANT LAND
LOCATION & DESCRIPTION
An approximately acre plot of wooded amenity land located on the
east side of The Street in the small rural village of East Stourmouth.
The land has a frontage of roughly 75m to The Street and is bounded
by Stourmouth stream to the east.
OFFERED VACANT
LOT 35
LAND NORTH SIDE OF, THAME ROAD,
OXFORD, OXFORDSHIRE OX447AG
FREEHOLD VACANT PASTURE/PADDOCK LAND
LOCATION & DESCRIPTION
Stadhampton is a small rural village about 5 miles north of Wallington
and some 10 miles south east of Oxford in the middle of the
Oxfordshire country side.
The site is situated to the east of the village centre in a rural
environment to the north side of the B480 and neighbours Copper
Beaches (not included on the sale).
SITE AREA:
The site which extends to some 2.55 acres (1.03 ha) has its own
water supply and is enclosed by mature hedges and stock proof
fencing.
OFFERED VACANT
30
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 36
HIGH BANK LANE, HIGH BANK QUARRY,
THURLSTONE, SHEFFIELD S369QH
FREEHOLD FORMER QUARRY
LOCATION & DESCRIPTION
A disused former quarry within a predominantly agricultural area
approximately mile west of the village of Thurlstone. On the north
side of High Bank Lane a turning off the (A628) Marchester Road.
Thurlstone is about 6 miles west of Barnsley, 16 miles north west of
Sheffield and about 30 miles east of Manchester.
SITE AREA:
The site extends to some 4.905 acres (1.985 ha).
OFFERED VACANT THE SITE SUBJECT TO CONSENTS MAY BE
SUITABLE FOR ALTERNATIVE USES/DEVELOPMENT
LOT 37
202 BALLARDS LANE, FINCHLEY, N32NA
GROUND RENT INVESTMENT
LOCATION & DESCRIPTION
A ground rent investment secured upon 4 flats within a substantial
semi-detached conversion.
First Floor: 125 years from 2001, ground rent 125 p.a. rising
Ground Floor Front: 125 years from 2001, ground rent 50 p.a.
rising
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
31
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 11th JULY 2016
LOT 38
337 EWELL ROAD, SURBITON, SURREY
KT67BZ
FREEHOLD GROUND RENTS
LOCATION & DESCRIPTION
A double-bayed semi-detached property converted into three flats.
On the north side of Ewell Road between Kingston Bypass (A3) and
Hook Road (A243).
ACCOMMODATION
Second Floor Flat:
Sold on a 125 year lease from 24.06.2014 at a rent of
100 p.a. (rising)
First Floor Flat:
Sold on a 125 year lease from 24.06.2014 at a rent of
100 p.a. (rising)
Ground Floor Flat:
Sold on a 189 year lease from 06.02.1957 at a peppercorn
ground rent.
EQUIVALENT TO 200 p.a.
NOTE
A parking space to the rear is included.
SHORT LEASE
OR BUYING
YOUR FREEHOLD?
For advice on lease extension or
enfranchisement, whether collectively
or individually, we would be happy
to provide advice or act on your behalf.
FOR MORE INFORMATION
We provide a full service in Leasehold Reform Genevieve Mariner BSc FRICS
Housing and Urban Development Act 1993 and genevieve.mariner@strettons.co.uk
www.strettons.co.uk
32
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
Next catalogue online
21st September, entries invited
throughout the summer!
INHERITANCE TAX
VALUATIONS
We regularly provide valuations for executors For a condential
and accountants in relation to both large and small discussion or more
Estates. Specialising in north and east London and information contact:
Essex, our team of fully qualied RICS registered Philip Costa
valuers can provide you with immediate quotations BSc (Hons) MRICS ACIArb
both for valuations of commercial and residential City & City Fringe Ofce
www.strettons.co.uk
34
AUCTION ENQUIRIES: 020 7637 4000 *The Important Notice to Prospective Buyers, including a denition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
COMMON AUCTION CONDITIONS
EDITION 3 - AUGUST 2009
The Common Auction Conditions have been produced for real estate The person who agrees to buy the lot or, if applicable, that persons The person selling the lot. If two or more are jointly the seller their
personal representatives: if two or more are jointly the buyer their obligations can be enforced against them jointly or against each of
auctions in England and Wales to set a common standard across the
obligations can be enforced against them jointly or against each of them separately.
industry. They are in three sections:
them separately. SPECIAL CONDITIONS
Glossary CATALOGUE Those of the sale conditions so headed that relate to the lot.
The glossary gives special meanings to certain words used in both The catalogue to which the conditions refer including any TENANCIES
sets of conditions. supplement to it. Tenancies, leases, licences to occupy and agreements for lease and
Auction Conduct Conditions COMPLETION any documents varying or supplemental to them.
The Auction Conduct Conditions govern the relationship between Unless otherwise agreed between seller and buyer (or their TENANCY SCHEDULE
the auctioneer and anyone who has a catalogue, or who attends conveyance rs) the occasion when both seller and buyer have The tenancy schedule (if any) forming part of the special conditions.
or bids at the auction. They cannot be changed without the complied with their obligations under the contract and the balance
TRANSFER
auctioneers agreement. of the price is unconditionally received in the sellers conveyancers
client account. 5SBOTGFS JODMVEFT B DPOWFZBODF PS BTTJHONFOU BOE iUP USBOTGFSw
We recommend that these conditions are set out in a two-part notice JODMVEFTiUPDPOWFZwPSiUPBTTJHOw
to bidders in the auction catalogue, part one containing advisory CONDITION
TUPE
material which auctioneers can tailor to their needs and part two One of the auction conduct conditions or sales conditions.
the auction conduct conditions. CONTRACT
The Transfer of Undertakings (Protection of Employment) Regulations 2006.
VAT
Sale Conditions The contract by which the seller agrees to sell and the buyer agrees
to buy the lot. Value Added Tax or other tax of a similar nature.
The Sale Conditions govern the agreement between each seller
CONTRACT DATE VAT OPTION
and buyer. They include general conditions of sale and template
forms of special conditions of sale, tenancy and arrears schedules The date of the auction or, if the lot is not sold at the auction: An option to tax.
and a sale memorandum. (a) the date of the sale memorandum signed by both the seller WE (AND US AND OUR)
35
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the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
A3.6 Where a guide price (or range of prices) is given that guide is G1.3 The lot is sold subject to all matters contained or referred (f) (subject to the rights of any tenant or other third party)
the minimum price at which, or range of prices within which, to in the documents, but excluding any nancial charges: hold on trust for the buyer any insurance payments that the
the seller might be prepared to sell at the date of the guide these the seller must discharge on or before completion. seller receives in respect of loss or damage arising after
price. But guide prices may change. The last published guide G1.4 The lot is also sold subject to such of the following as may the contract date or assign to the buyer the benet of any
price will normally be at or above any reserve price, but not affect it, whether they arise before or after the contract date claim; and the buyer must on completion reimburse to the
always as the seller may x the nal reserve price just and whether or not they are disclosed by the seller or are seller the cost of that insurance (to the extent not already
before bidding commences. apparent from inspection of the lot or from the documents: paid by the buyer or a tenant or other third party) for the
A4 The particulars and other information (a) matters registered or capable of registration as local land period from and including the contract date to completion.
A4.1 We have taken reasonable care to prepare particulars that charges; G3.2 No damage to or destruction of the lot nor any deterioration
correctly describe each lot. The particulars are based on (b) matters registered or capable of registration by any in its condition, however caused, entitles the buyer to any
information supplied by or on behalf of the seller. You need competent authority or under the provisions of any statute; reduction in price, or to delay completion, or to refuse to
to check that the information in the particulars is correct. complete.
(c) notices, orders, demands, proposals and requirements of
A4.2 If the special conditions do not contain a description of any competent authority; G3.3 Section 47 of the Law of Property Act 1925 does not apply.
the lot, or simply refer to the relevant lot number, you take (d) charges, notices, orders, restrictions, agreements G3.4 Unless the buyer is already lawfully in occupation of the
the risk that the description contained in the particulars is and other matters relating to town and country planning, lot the buyer has no right to enter into occupation prior to
incomplete or inaccurate, as the particulars have not been highways or public health; completion.
prepared by a conveyancer and are not intended to form part (e) rights, easements, quasi-easements, and wayleaves; G4. Title and identity
of a legal contract. G4.1 Unless condition G4.2 applies, the buyer accepts the title of
(f) outgoings and other liabilities;
A4.3 The particulars and the sale conditions may change prior the seller to the lot as at the contract date and may raise
(g) any interest which overrides, within the meaning of the
to the auction and it is your responsibility to check that you no requisition or objection except in relation to any matter
Land Registration Act 2002;
have the correct versions. that occurs after the contract date.
(h) matters that ought to be disclosed by the searches and
A4.4 If we provide information, or a copy of a document, provided enquiries a prudent buyer would make, whether or not the G4.2 If any of the documents is not made available before the
by others we do so only on the basis that we are not buyer has made them; and auction the following provisions apply:
responsible for the accuracy of that information or document. (a) The buyer may raise no requisition on or objection to any
(i) anything the seller does not and could not reasonably
A5 The contract know about. of the documents that is made available before the auction.
A5.1 A successful bid is one we accept as such (normally on the G1.5 Where anything subject to which the lot is sold would expose (b) If the lot is registered land the seller is to give to the
fall of the hammer). This condition A5 applies to you if you the seller to liability the buyer is to comply with it and buyer within ve business days of the contract date an
make the successful bid for a lot. indemnify the seller against that liability. ofcial copy of the entries on the register and title plan and,
A5.2 You are obliged to buy the lot on the terms of the sale where noted on the register, of all documents subject to
G1.6 The seller must notify the buyer of any notices, orders,
memorandum at the price you bid plus VAT (if applicable). which the lot is being sold.
demands, proposals and requirements of any competent
A5.3 You must before leaving the auction: authority of which it learns after the contract date but (c) If the lot is not registered land the seller is to give to the
the buyer must comply with them and keep the seller buyer within ve business days an abstract or epitome of
(a) provide all information we reasonably need from you to
indemnied. title starting from the root of title mentioned in the special
enable us to complete the sale memorandum (including
conditions (or, if none is mentioned, a good root of title more
proof of your identity if required by us); G1.7 The lot does not include any tenants or trade xtures or
than fteen years old) and must produce to the buyer the
(b) sign the completed sale memorandum; and ttings.
original or an examined copy of every relevant document.
(c) pay the deposit. G1.8 Where chattels are included in the lot the buyer takes them
(d) If title is in the course of registration, title is to consist of
A5.4 If you do not we may either: as they are at completion and the seller is not liable if they
certied copies of:
are not t for use.
(a) as agent for the seller treat that failure as your (i) the application for registration of title made to the land
G1.9 The buyer buys with full knowledge of:
repudiation of the contract and offer the lot for sale again: registry;
the seller may then have a claim against you for breach of (a) the documents, whether or not the buyer has read them;
(ii) the documents accompanying that application;
contract; or and
(iii) evidence that all applicable stamp duty land tax relating
(b) sign the sale memorandum on your behalf. 4 the physical condition of the lot and what could reasonably
to that application has been paid; and
be discovered on inspection of it, whether or not the buyer
A5.5 The deposit: (iv) a letter under which the seller or its conveyancer agrees
has inspected it.
(a) is to be held as stakeholder where VAT would be to use all reasonable endeavours to answer any requisitions
G1.10 The buyer is not to rely on the information contained in
chargeable on the deposit were it to be held as agent for raised by the land registry and to instruct the land registry to
the particulars but may rely on the sellers conveyancers
the seller, but otherwise is to be held as stated in the sale send the completed registration documents to the buyer.
written replies to preliminary enquiries to the extent stated in
conditions; and (e) The buyer has no right to object to or make requisitions on
those replies.
(b) must be paid in pounds sterling by cheque or by bankers G2. Deposit any title information more than seven business days after
draft made payable to us on an approved nancial that information has been given to the buyer.
G2.1 The amount of the deposit is the greater of:
institution. The extra auction conduct conditions may state if G4.3 Unless otherwise stated in the special conditions the
we accept any other form of payment. (a) any minimum deposit stated in the auction conduct
seller sells with full title guarantee except that (and the
conditions (or the total price, if this is less than that
A5.6 We may retain the sale memorandum signed by or on transfer shall so provide):
minimum); and
behalf of the seller until the deposit has been received in (a) the covenant set out in section 3 of the Law of Property
cleared funds. (b) 10% of the price (exclusive of any VAT on the price).
(Miscellaneous Provisions) Act 1994 shall not extend to
A5.7 If the buyer does not comply with its obligations under the G2.2 The deposit matters recorded in registers open to public inspection;
contract then: (a) must be paid in pounds sterling by cheque or bankers draft these are to be treated as within the actual knowledge of the
(a) you are personally liable to buy the lot even if you are drawn on an approved nancial institution (or by any other buyer; and
acting as an agent; and means of payment that the auctioneers may accept); and (b) the covenant set out in section 4 of the Law of Property
(b) is to be held as stakeholder unless the auction conduct (Miscellaneous Provisions) Act 1994 shall not extend to
(b) you must indemnify the seller in respect of any loss the
conditions provide that it is to be held as agent for the any condition or tenants obligation relating to the state or
seller incurs as a result of the buyers default.
seller. condition of the lot where the lot is leasehold property.
A5.8 Where the buyer is a company you warrant that the buyer is
G2.3 Where the auctioneers hold the deposit as stakeholder G4.4 The transfer is to have effect as if expressly subject to all
properly constituted and able to buy the lot.
they are authorised to release it (and interest on it if matters subject to which the lot is sold under the contract.
applicable) to the seller on completion or, if completion G4.5 The seller does not have to produce, nor may the buyer
does not take place, to the person entitled to it under the object to or make a requisition in relation to, any prior or
A6 Extra auction conduct conditions sale conditions. superior title even if it is referred to in the documents.
A6.1 Despite any special condition to the contrary the minimum G2.4 If a cheque for all or part of the deposit is not cleared on rst
deposit we accept is 2000 (or the total price, if less). G4.6 The seller (and, if relevant, the buyer) must produce to each
presentation the seller may treat the contract as at an end other such conrmation of, or evidence of, their identity and
A special condition may, however, require a higher and bring a claim against the buyer for breach of contract.
minimum deposit. that of their mortgagees and attorneys (if any) as is necessary
G2.5 Interest earned on the deposit belongs to the seller unless for the other to be able to comply with applicable Land
A6.2 The deposit will be held by the auctioneers as agents for the the sale conditions provide otherwise. Registry Rules when making application for registration of
seller unless the sale is subject to VAT when it will be held
G3. Between contract and completion the transaction to which the conditions apply.
as stakeholder.
G3.1 Unless the special conditions state otherwise, the seller G5. Transfer
is to insure the lot from and including the contract date to G5.1 Unless a form of transfer is prescribed by the special
completion and: conditions:
GENERAL CONDITIONS OF SALE (a) produce to the buyer on request all relevant insurance (a) the buyer must supply a draft transfer to the seller at
Words in bold blue type have special meanings, which are details; least ten business days before the agreed completion
dened in the Glossary. (b) pay the premiums when due; date and the engrossment (signed as a deed by the buyer
The general conditions (including any extra general conditions) (c) if the buyer so requests, and pays any additional if condition G5.2 applies) ve business days before that
apply to the contract except to the extent that they are varied by premium, use reasonable endeavours to increase the sum date or (if later) two business days after the draft has been
special conditions or by an addendum. insured or make other changes to the policy; approved by the seller; and
G1. The lot (d) at the request of the buyer use reasonable endeavours (b) the seller must approve or revise the draft transfer
G1.1 The lot (including any rights to be granted or reserved, to have the buyers interest noted on the policy if it does not within ve business days of receiving it from the buyer.
and any exclusions from it) is described in the special cover a contracting purchaser; G5.2 If the seller remains liable in any respect in relation to the lot
conditions, or if not so described the lot is that referred to in (e) unless otherwise agreed, cancel the insurance at (or a tenancy) following completion the buyer is specically
the sale memorandum. completion, apply for a refund of premium and (subject to to covenant in the transfer to indemnify the seller against
G1.2 The lot is sold subject to any tenancies disclosed by the the rights of any tenant or other third party) pay that refund to that liability.
special conditions, but otherwise with vacant possession the buyer; and G5.3 The seller cannot be required to transfer the lot to anyone
on completion. other than the buyer, or by more than one transfer.
36
AUCTION ENQUIRIES: 020 7637 4000 *The Important Notice to Prospective Buyers, including a denition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
G6. Completion G10.3 Income and outgoings are to be apportioned at actual (b) if the seller gives the buyer notice of the sellers
G6.1 Completion is to take place at the ofces of the sellers completion date unless: intended act and the buyer does not object within ve
conveyancer, or where the seller may reasonably require, (a) the buyer is liable to pay interest; and business days giving reasons for the objection the seller
on the agreed completion date. The seller can only be (b) the seller has given notice to the buyer at any time up may act as the seller intends; and
required to complete on a business day and between the to completion requiring apportionment on the date from (c) the buyer is to indemnify the seller against all loss
hours of 0930 and 1700. which interest becomes payable by the buyer; in which event or liability the seller incurs through acting as the buyer
G6.2 The amount payable on completion is the balance of the income and outgoings are to be apportioned on the date from requires, or by reason of delay caused by the buyer.
price adjusted to take account of apportionments plus (if which interest becomes payable by the buyer. G13. Rent deposits
applicable) VAT and interest. G10.4 Apportionments are to be calculated on the basis that: G13.1 This condition G13 applies where the seller is holding or
G6.3 Payment is to be made in pounds sterling and only by: (a) (a) the seller receives income and is liable for outgoings for otherwise entitled to money by way of rent deposit in respect
direct transfer to the sellers conveyancers client account; the whole of the day on which apportionment is to be made; of a tenancy. In this condition ( iSFOU EFQPTJU EFFEw
and (b) the release of any deposit held by a stakeholder. means the deed or other document under which the rent
(b) annual income and expenditure accrues at an equal daily
G6.4 Unless the seller and the buyer otherwise agree, deposit is held.
rate assuming 365 days in a year, and income and expenditure
completion cannot take place until both have complied relating to some other period accrues at an equal daily rate G13.2 If the rent deposit is not assignable the seller must on
with their obligations under the contract and the balance during the period to which it relates; and completion hold the rent deposit on trust for the buyer and,
of the price is unconditionally received in the sellers subject to the terms of the rent deposit deed, comply at the
(c) where the amount to be apportioned is not known at
conveyancers client account. cost of the buyer with the buyers lawful instructions.
completion apportionment is to be made by reference to a
G6.5 If completion takes place after 1400 hours for a reason other reasonable estimate and further payment is to be made by G13.3 Otherwise the seller must on completion pay and assign its
than the sellers default it is to be treated, for the purposes seller or buyer as appropriate within ve business days of interest in the rent deposit to the buyer under an assignment
of apportionment and calculating interest, as if it had taken the date when the amount is known. in which the buyer covenants with the seller to:
place on the next business day. (a) observe and perform the sellers covenants and
G11. Arrears
G6.6 Where applicable the contract remains in force following conditions in the rent deposit deed and indemnify the seller
Part 1 Current rent in respect of any breach;
completion.
( i$VSSFOU SFOUw NFBOT
JO SFTQFDU PG FBDI PG UIF tenancies (b) give notice of assignment to the tenant; and
G7. Notice to complete
subject to which the lot is sold, the instalment of rent and
G7.1 The seller or the buyer may on or after the agreed (c) give such direct covenant to the tenant as may be required
other sums payable by the tenant in advance on the most
completion date but before completion give the other by the rent deposit deed.
recent rent payment date on or within four months preceding
notice to complete within ten business days (excluding the completion. G14. VAT
date on which the notice is given) making time of the essence. G14.1 Where a sale condition requires money to be paid or other
G11.2 If on completion there are any arrears of current rent the
G7.2 The person giving the notice must be ready to complete. buyer must pay them, whether or not details of those arrears consideration to be given, the payer must also pay any VAT
G7.3 If the buyer fails to comply with a notice to complete the are given in the special conditions. that is chargeable on that money or consideration, but only if
seller may, without affecting any other remedy the seller given a valid VAT invoice.
G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears
has: of current rent. G14.2 Where the special conditions state that no VAT option has
(a) terminate the contract; been made the seller conrms that none has been made by it
Part 2 Buyer to pay for arrears
(b) claim the deposit and any interest on it if held by a or by any company in the same VAT group nor will be prior to
G11.4 Part 2 of this condition G11 applies where the special completion.
stakeholder; conditions give details of arrears.
(c) forfeit the deposit and any interest on it; G15. Transfer as a going concern
G11.5 The buyer is on completion to pay, in addition to any other
(d) resell the lot; and G15.1 Where the special conditions so state:
money then due, an amount equal to all arrears of which
(e) claim damages from the buyer. details are set out in the special conditions. (a) the seller and the buyer intend, and will take all
practicable steps (short of an appeal) to procure, that the sale
G7.4 If the seller fails to comply with a notice to complete the G11.6 If those arrears are not old arrears the seller is to assign
is treated as a transfer of a going concern; and
buyer may, without affecting any other remedy the buyer to the buyer all rights that the seller has to recover those
has: (b) this condition G15 applies.
arrears.
(a) terminate the contract; and G15.2 The seller conrms that the seller
Part 3 Buyer not to pay for arrears
(b) recover the deposit and any interest on it from the seller (a) is registered for VAT, either in the sellers name or as a
G11.7 Part 3 of this condition G11 applies where the special
or, if applicable, a stakeholder. member of the same VAT group; and
conditions:
G8. If the contract is brought to an end (b) has (unless the sale is a standard-rated supply) made in
(a) so state; or
relation to the lot a VAT option that remains valid and will not
If the contract is lawfully brought to an end: (b) give no details of any arrears. be revoked before completion.
(a) the buyer must return all papers to the seller and G11.8 While any arrears due to the seller remain unpaid the G15.3 The buyer conrms that:
appoints the seller its agent to cancel any registration of the buyer must:
contract; and (a) it is registered for VAT, either in the buyers name or as a
(a) try to collect them in the ordinary course of management member of a VAT group;
(b) the seller must return the deposit and any interest on it to but need not take legal proceedings or forfeit the tenancy;
the buyer (and the buyer may claim it from the stakeholder, if (b) it has made, or will make before completion, a VAT
(b) pay them to the seller within ve business days of option in relation to the lot and will not revoke it before or
applicable) unless the seller is entitled to forfeit the deposit receipt in cleared funds (plus interest at the interest rate
under condition G7.3. within three months after completion;
calculated on a daily basis for each subsequent days delay in
G9. Landlords licence (c) article 5(2B) of the Value Added Tax (Special Provisions)
payment);
Order 1995 does not apply to it; and
G9.1 Where the lot is or includes leasehold land and licence to (c) on request, at the cost of the seller, assign to the seller
(d) it is not buying the lot as a nominee for another person.
assign is required this condition G9 applies. or as the seller may direct the right to demand and sue
for old arrears, such assignment to be in such form as the G15.4 The buyer is to give to the seller as early as possible before
G9.2 The contract is conditional on that licence being obtained,
sellers conveyancer may reasonably require; the agreed completion date evidence:
by way of formal licence if that is what the landlord lawfully
requires. (a) of the buyers VAT registration;
(d) if reasonably required, allow the sellers conveyancer
G9.3 The agreed completion date is not to be earlier than the to have on loan the counterpart of any tenancy against an (b) that the buyer has made a VAT option; and
date ve business days after the seller has given notice to undertaking to hold it to the buyers order; (c) that the VAT option has been notied in writing to HM
the buyer that licence has been obtained. (e) not without the consent of the seller release any tenant Revenue and Customs; and if it does not produce the relevant
G9.4 The seller must: or surety from liability to pay arrears or accept a surrender of evidence at least two business days before the agreed
or forfeit any tenancy under which arrears are due; and completion date, condition G14.1 applies at completion.
(a) use all reasonable endeavours to obtain the licence at the
sellers expense; and (f) if the buyer disposes of the lot prior to recovery of all G15.5 The buyer conrms that after completion the buyer intends to:
(b) enter into any authorised guarantee agreement properly arrears obtain from the buyers successor in title a covenant (a) retain and manage the lot for the buyers own benet as
required. in favour of the seller in similar form to part 3 of this a continuing business as a going concern subject to and with
condition G11. the benet of the tenancies; and
G9.5 The buyer must:
G11.9 Where the seller has the right to recover arrears it must (b) collect the rents payable under the tenancies and charge
(a) promptly provide references and other relevant
not without the buyers written consent bring insolvency VAT on them
information; and
proceedings against a tenant or seek the removal of goods G15.6 If, after completion, it is found that the sale of the lot is not
(b) comply with the landlords lawful requirements.
from the lot. a transfer of a going concern then:
G9.6 If within three months of the contract date (or such longer
G12. Management (a) the sellers conveyancer is to notify the buyers
period as the seller and buyer agree) the licence has not
G12.1 This condition G12 applies where the lot is sold subject to conveyancer of that nding and provide a VAT invoice in
been obtained the seller or the buyer may (if not then in
tenancies. respect of the sale of the lot;
breach of any obligation under this condition G9) by notice to
the other terminate the contract at any time before licence is G12.2 The seller is to manage the lot in accordance with its (b) the buyer must within ve business days of receipt of
obtained. That termination is without prejudice to the claims standard management policies pending completion. the VAT invoice pay to the seller the VAT due; and
of either seller or buyer for breach of this condition G9. G12.3 The seller must consult the buyer on all management issues (c) if VAT is payable because the buyer has not complied
G10. Interest and apportionments that would affect the buyer after completion (such as, with this condition G15, the buyer must pay and indemnify
but not limited to, an application for licence; a rent review; the seller against all costs, interest, penalties or surcharges
G10.1 If the actual completion date is after the agreed
a variation, surrender, agreement to surrender or proposed that the seller incurs as a result.
completion date for any reason other than the sellers
default the buyer must pay interest at the interest rate on the forfeiture of a tenancy; or a new tenancy or agreement to G16. Capital allowances
price (less any deposit paid) from the agreed completion grant a new tenancy) and: G16.1 This condition G16 applies where the special conditions
date up to and including the actual completion date. (a) the seller must comply with the buyers reasonable state that there are capital allowances available in respect of
G10.2 Subject to condition G11 the seller is not obliged to apportion requirements unless to do so would (but for the indemnity in the lot.
or account for any sum at completion unless the seller has paragraph (c)) expose the seller to a liability that the seller G16.2 The seller is promptly to supply to the buyer all information
received that sum in cleared funds. The seller must pay to would not otherwise have, in which case the seller may act reasonably required by the buyer in connection with the
the buyer after completion any sum to which the buyer is reasonably in such a way as to avoid that liability; buyers claim for capital allowances.
entitled that the seller subsequently receives in cleared funds.
37
*The Important Notice to Prospective Buyers, including a denition of Guide Price, is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
G16.3 The value to be attributed to those items on which capital G22.3 Within two months after completion the seller must (b) use all reasonable endeavours to conclude any
allowances may be claimed is set out in the special provide to the buyer a detailed service charge account for proceedings or negotiations for the renewal of the tenancy
conditions. the service charge year current on completion showing: and the determination of any interim rent as soon as
G16.4 The seller and buyer agree: (a) service charge expenditure attributable to each tenancy; reasonably practicable at the best rent or rents reasonably
(a) to make an election on completion under Section 198 (b) payments on account of service charge received from each obtainable; and
of the Capital Allowances Act 2001 to give effect to this tenant;
(c) if any increased rent is recovered from the tenant (whether
condition G16; and (c) any amounts due from a tenant that have not been
as interim rent or under the renewed tenancy) account to the
(b) to submit the value specied in the special conditions received;
seller for the part of that increase that relates to the sellers
to HM Revenue and Customs for the purposes of their (d) any service charge expenditure that is not attributable to
respective capital allowance computations. period of ownership of the lot within ve business days of
any tenancy and is for that reason irrecoverable.
receipt of cleared funds.
G17. Maintenance agreements G22.4 In respect of each tenancy, if the service charge account
G17.1 The seller agrees to use reasonable endeavours to transfer to shows that: G24.5 The seller and the buyer are to bear their own costs in
the buyer, at the buyers cost, the benet of the maintenance (a) payments on account (whether received or still then due relation to the renewal of the tenancy and any proceedings
agreements specied in the special conditions. from a tenant) exceed attributable service charge expenditure, relating to this.
G17.2 The buyer must assume, and indemnify the seller in the seller must pay to the buyer an amount equal to the G25. Warranties
respect of, all liability under such contracts from the actual excess when it provides the service charge account;
G25.1 Available warranties are listed in the special conditions.
completion date. (b) attributable service charge expenditure exceeds payments
on account (whether those payments have been received G25.2 Where a warranty is assignable the seller must:
G18. Landlord and Tenant Act 1987
or are still then due), the buyer must use all reasonable (a) on completion assign it to the buyer and give notice of
G18.1 This condition G18 applies where the sale is a relevant
disposal for the purposes of part I of the Landlord and Tenant endeavours to recover the shortfall from the tenant at the assignment to the person who gave the warranty; and
Act 1987. next service charge reconciliation date and pay the amount so (b) apply for (and the seller and the buyer must use all
recovered to the seller within ve business days of receipt
G18.2 The seller warrants that the seller has complied with reasonable endeavours to obtain) any consent to assign that
in cleared funds; but in respect of payments on account that
sections 5B and 7 of that Act and that the requisite majority is required. If consent has not been obtained by completion
are still due from a tenant condition G11 (arrears) applies.
of qualifying tenants has not accepted the offer. the warranty must be assigned within ve business days
G22.5 In respect of service charge expenditure that is not attributable
G19. Sale by practitioner after the consent has been obtained.
to any tenancy the seller must pay the expenditure incurred
G19.1 This condition G19 applies where the sale is by a in respect of the period before actual completion date and G25.3 If a warranty is not assignable the seller must after
practitioner either as seller or as agent of the seller. the buyer must pay the expenditure incurred in respect of completion:
G19.2 The practitioner has been duly appointed and is empowered the period after actual completion date. Any necessary
(a) hold the warranty on trust for the buyer; and
to sell the lot. monetary adjustment is to be made within ve business
G19.3 Neither the practitioner nor the rm or any member of the days of the seller providing the service charge account to (b) at the buyers cost comply with such of the lawful
rm to which the practitioner belongs has any personal the buyer. instructions of the buyer in relation to the warranty as do not
liability in connection with the sale or the performance of the G22.6 If the seller holds any reserve or sinking fund on account of place the seller in breach of its terms or expose the seller to
sellers obligations. The transfer is to include a declaration future service charge expenditure or a depreciation fund: any liability or penalty.
excluding that personal liability. (a) the seller must pay it (including any interest earned on it) G26. No assignment
G19.4 The lot is sold: to the buyer on completion; and The buyer must not assign, mortgage or otherwise transfer or
(a) in its condition at completion; (b) the buyer must covenant with the seller to hold it in part with the whole or any part of the buyers interest under
(b) for such title as the seller may have; and accordance with the terms of the tenancies and to indemnify
this contract.
(c) with no title guarantee; and the buyer has no right to the seller if it does not do so.
G23. Rent reviews G27. Registration at the Land Registry
terminate the contract or any other remedy if information
provided about the lot is inaccurate, incomplete or missing. G23.1 This condition G23 applies where the lot is sold subject to G27.1 This condition G27.1 applies where the lot is leasehold and
G19.5 Where relevant: a tenancy under which a rent review due on or before the its sale either triggers rst registration or is a registrable
actual completion date has not been agreed or determined. disposition. The buyer must at its own expense and as soon
(a) the documents must include certied copies of those
under which the practitioner is appointed, the document G23.2 The seller may continue negotiations or rent review as practicable:
of appointment and the practitioners acceptance of proceedings up to the actual completion date but may not (a) procure that it becomes registered at Land Registry as
appointment; and agree the level of the revised rent or commence rent review proprietor of the lot;
proceedings without the written consent of the buyer, such
(b) the seller may require the transfer to be by the lender (b) procure that all rights granted and reserved by the lease
consent not to be unreasonably withheld or delayed.
exercising its power of sale under the Law of Property Act under which the lot is held are properly noted against the
1925. G23.3 Following completion the buyer must complete rent
review negotiations or proceedings as soon as reasonably affected titles; and
G19.6 The buyer understands this condition G19 and agrees that it
practicable but may not agree the level of the revised rent (c) provide the seller with an ofcial copy of the register
is fair in the circumstances of a sale by a practitioner.
without the written consent of the seller, such consent not relating to such lease showing itself registered as proprietor.
G20. TUPE to be unreasonably withheld or delayed.
G20.1 If the special conditionsTUBUFi5IFSFBSFOPFNQMPZFFTUP G27.2 This condition G27.2 applies where the lot comprises part of
G23.4 The seller must promptly:
which TUPEBQQMJFTw
UIJTJTBXBSSBOUZCZUIFseller to this a registered title. The buyer must at its own expense and as
(a) give to the buyer full details of all rent review negotiations soon as practicable:
effect.
and proceedings, including copies of all correspondence and
G20.2 If the special conditions EP OPU TUBUF i5IFSF BSF OP other papers; and (a) apply for registration of the transfer;
employees to which TUPEBQQMJFTwUIFGPMMPXJOHQBSBHSBQIT (b) provide the seller with an ofcial copy and title plan for
(b) use all reasonable endeavours to substitute the buyer for
apply:
the seller in any rent review proceedings. the buyers new title; and
(a) The seller must notify the buyer of those employees
G23.5 The seller and the buyer are to keep each other informed (c) join in any representations the seller may properly make
whose contracts of employment will transfer to the buyer on
of the progress of the rent review and have regard to any to Land Registry relating to the application.
completion UIFi5SBOTGFSSJOH&NQMPZFFTw
5IJTOPUJmDBUJPO
proposals the other makes in relation to it.
must be given to the buyer not less than 14 days before G28. Notices and other communications
completion. G23.6 When the rent review has been agreed or determined the
buyer must account to the seller for any increased rent and G28.1 All communications, including notices, must be in writing.
(b) The buyer conrms that it will comply with its obligations interest recovered from the tenant that relates to the sellers Communication to or by the seller or the buyer may be given
under TUPE and any special conditions in respect of the period of ownership within ve business days of receipt of to or by their conveyancers.
Transferring Employees. cleared funds. G28.2 A communication may be relied on if:
(c) The buyer and the seller acknowledge that pursuant and G23.7 If a rent review is agreed or determined before completion
subject to TUPE, the contracts of employment between the (a) delivered by hand; or
but the increased rent and any interest recoverable from the
Transferring Employees and the seller will transfer to the tenant has not been received by completion the increased (b) made electronically and personally acknowledged
buyer on completion. rent and any interest recoverable is to be treated as arrears. (automatic acknowledgement does not count); or
(d) The buyer is to keep the seller indemnied against all G23.8 The seller and the buyer are to bear their own costs in (c) there is proof that it was sent to the address of the
liability for the Transferring Employees after completion. relation to rent review negotiations and proceedings. person to whom it is to be given (as specied in the sale
G21. Environmental G24. Tenancy renewals memorandum) by a postal service that offers normally to
G21.1 This condition G21 only applies where the special G24.1 This condition G24 applies where the tenant under a deliver mail the next following business day.
conditions so provide. tenancy has the right to remain in occupation under part G28.3 A communication is to be treated as received:
G21.2 The seller has made available such reports as the seller has II of the Landlord and Tenant Act 1954 (as amended) and
as to the environmental condition of the lot and has given (a) when delivered, if delivered by hand; or
references to notices and proceedings are to notices and
the buyer the opportunity to carry out investigations (whether proceedings under that Act. (b) when personally acknowledged, if made electronically;
or not the buyer has read those reports or carried out any G24.2 Where practicable, without exposing the seller to liability or but if delivered or made after 1700 hours on a business
investigation) and the buyer admits that the price takes into penalty, the seller must not without the written consent of day a communication is to be treated as received on the next
account the environmental condition of the lot. the buyer (which the buyer must not unreasonably withhold business day.
G21.3 The buyer agrees to indemnify the seller in respect of all or delay) serve or respond to any notice or begin or continue G28.4 A communication sent by a postal service that offers normally
liability for or resulting from the environmental condition of any proceedings.
the lot. to deliver mail the next following business day will be
G24.3 If the seller receives a notice the seller must send a copy to
treated as received on the second business day after it has
G22. Service Charge the buyer within ve business days and act as the buyer
reasonably directs in relation to it. been posted.
G22.1 This condition G22 applies where the lot is sold subject to
tenancies that include service charge provisions. G24.4 Following completion the buyer must: G29. Contracts (Rights of Third Parties) Act 1999
G22.2 No apportionment is to be made at completion in respect of (a) with the co-operation of the seller take immediate steps No one is intended to have any benet under the contract
service charges. to substitute itself as a party to any proceedings; pursuant to the Contract (Rights of Third Parties) Act 1999.
38
AUCTION ENQUIRIES: 020 7637 4000 *The Important Notice to Prospective Buyers, including a denition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
EXTRA - COMMON AUCTION CONDITIONS
EDITION 3 - AUGUST 2009
G30. EXTRA GENERAL CONDITIONS (b) that all or part of the lot whether comprising a house, part absence of its production may (as agents for the seller) treat
of a house, at or ats may not legally be used for immediate this as the buyers repudiation of the contract and re-offer
G30.1 If a cheque for all or part of the deposit is not cleared on
residential occupation. the lot for sale.
rst presentation, the auctioneers are under no obligation
to re-present the cheque, but should they do so (at their sole G30.3 The buyer will pay to the auctioneers a Buyers G30.6 The auctioneers shall be under no nancial liability in
discretion) then the buyer will pay to the auctioneers a fee Administration Fee of 600 inclusive of VAT (300 for respect of any matters arising out of the auction or the
of 100 plus VAT, such payment being due whether or not the transactions of less than 10,000). If for any reason this sum particulars of any lot or any of the conditions relating to
cheque ultimately clears. is not paid on exchange of contracts then it will be payable any lot. No claims shall be made against the auctioneers
to the sellers solicitors on completion in addition to the by the buyer in respect of any loss or damage or claim
G30.2 Vacant possession of the lot shall be given to the buyer
purchase price. actually or allegedly suffered by or made against the buyer
on completion except where stated in the special
by reason of the buyer entering into the contract.
conditions. The buyer accepts that vacant possession G30.4 Any description of the lot which includes reference to its use
does not imply or warrant that it may be legally used for that G30.7 The auctioneers have undertaken their best endeavours to
of the whole or any part of the lot offered with vacant
purpose. satisfy themselves as to the bona des of the seller and that
possession notwithstanding that:
he is the benecial owner but we give no warranty.
(a) there may be furniture, ttings, effects, waste or rubbish G30.5 If the buyer is unable to provide adequate means of
remaining at the lot in which case the buyer shall not identication in the auction room either for himself or for
be entitled to require the removal of such items or delay the contractual buyer (if this is different) the auctioneers
completion on the grounds that the existence of such items may retain the sale memorandum signed by or on behalf
does not constitute vacant possession, and of the seller until such identication is produced and in the
auctions@strettons.co.uk
NAME / COMPANY: .......................................................................................
ADDRESS: ...............................................................................................................................................................................................
...............................................................................................................................................................................................
...............................................................................................................................................................................................
METHOD OF PAYMENT:
Enclose cheque made payable to Strettons with completed form or provide Credit/Debit Card details:
39
*The Important Notice to Prospective Buyers, including a denition of Guide Price, is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
MEMORANDUM
WE ARE UNABLE TO ACCEPT THE DEPOSIT PAYMENT IN CASH
.......................................................................................
.......................................................................................
.......................................................................................
The SELLER agrees to sell and the BUYER agrees to buy the LOT for the PRICE. This agreement is subject
to the CONDITIONS so far as they apply to the LOT.
Signed by Strettons as
agent for the SELLER ....................................................................................... (Ref: ............................... )
BUYERS solicitors:
Name .................................................................................
B/DRAFT .................................
Address .............................................................................
CHEQUE .................................
............................................................................................
DEBIT CARD .................................
............................................................................................
ADMIN FEE .................................
Contact ..............................................................................
In addition to the deposit to be paid to Strettons on exchange of contracts you are required to pay a Buyers
Administration Fee of 600 inclusive of VAT (or 300 for transactions less then 10,000). A VAT receipt will be
issued on the following working day.
%0/05%&5"$)t%0/05%&5"$)t%0/05%&5"$)t%0/05%&5"$)
40
AUCTION ENQUIRIES: 020 7637 4000 *The Important Notice to Prospective Buyers, including a denition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION INFORMATION SERVICES
WWW.STRETTONS.CO.UK
FOR UP-TO-THE-MINUTE INFORMATION ON GUIDE PRICES, AMENDMENTS, ANNOUNCEMENTS, LEGAL DOCUMENTATION
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