Thursday 27th February 2020 6.00pm Readings Property Group 48 Granby Street Leicester - LE1 1DH
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Thursday 27th February 2020 6.00pm Readings Property Group 48 Granby Street Leicester LE1 1DH
AUCTION VENUE
Thursday 27th February
2020
6.00pm
Readings Property Group
48 Granby Street
Leicester
LE1 1DH
ORDER OF SALE
Thursday 27th February 2020 6.00pm
The Offices of Readings, 48 Granby Street, Leicester LE1 1DH
LOT ADDRESS *GUIDE PRICE LOT TYPE
1 46 Cropthorpe Avenue, Evington, Leicester, Leicestershire LE5 4QL £55,000 Residential
Land Adjacent to 23 Rawson Street, Enderby, Leicester, Leicestershire
2 £70,000 Plots/Building Land
LE19 4NY
3 23 Rawson Street , Enderby, Leicester, Leicestershire LE19 4NY £100,000 Residential for Improvement
4 260 Aylestone Road, Leicester, Leicestershire LE2 7QT £100,000- £120,000 Residential
5 1 St James Road, Leicester, Leicestershire LE2 1HR £300,000 Mixed Use
6 Land Adjacent to Fieldview, Fieldway, Earl Shilton, Leicestershire LE9 7LU £250,000 Plots/Building Land
Former Social Centre & Warden's Flat, Kirby Grange Retirement Village,
7 £80,000-£100,000 Mixed Use
Botcheston, Leicestershire LE9 9FG
8 Flat 3 Kings Court, Kings Drive, Leicester Forest East, Leicestershire LE3 3JF £60,000 Residential
9 31 Stanley Drive, Leicester, Leicestershire LE5 1EB £225,000 Residential for Improvement
10 38 Saxby Street, Highfields, Leicester, Leicestershire LE2 0NE £325,000 Residential Investment
11 11 Spinney Hill Drive, Loughborough, Leicestershire LE11 3LB £300,000 Residential for Improvement
12 Land to the rear of 150 Hinckley Road, Earl Shilton, Leicestershire LE9 7LE £250,000 Plots/Building Land
*Description on Auction Information page
auctionhouse.co.uk/leicestershire
MESSAGE FROM THE AUCTIONEERS
Auction Team
Auction House UK had lots to celebrate at the end of 2019
as it was the most successful year ever
Selling more than 3,800 lots across the UK from its network of 40 regional sales rooms and at an increased success rate of
77.3% up from 74% in 2018. The group was recently awarded gold as residential auction service of the year at the
Negotiator Awards in London.
This latest success means that the total number of properties sold under the Auction House brand in its twelve year
history has just exceeded 30,000 properties. This great success confirms our policy to combine local knowledge and
national marketing, selling local properties to local people. By the time you are reading this we will have passed the D-day
of January 31st and will be in the process of leaving Europe which has had its impact on the general property market
during 2019 with some purchasers standing on the side lines unable to make a decision.
Those that were bold and took the plunge have seen further capital appreciation in their house purchases with the East
Midlands, Leicester in particular targeted for exceptional growth in the foreseeable future. Our Lettings divisions remains
busy with rents increasing upon renewal. We are pleased with our first catalogue of 2020 with a good spread of
residential properties for improvement, building plots for development and excellent investment opportunities.
Our next auction is 30th April 2020 and if you feel you have anything that you would like to sell in that sale do give James
Court a call who would be happy to discuss an auction sale.
James Court
Director - Auction House Leicestershire
NEXT AUCTION DATES
30th April 2020 • 9th July 2020 • 17th September 2020 • 3rd December 2020
AUCTION INFORMATION
Administration Charge Purchasers will be required to pay by cheque, an Pre Auction Sales Offers made on property included in this auction may be
administration charge of £900.00 (£750.00+VAT) or the fixed figure as accepted by the Vendor prior to the auction. In such instances all buyer
stated in the property details, in addition to the deposit. A VAT receipt will charges will be payable including the Administration Charge, any Buyers
be issued after the auction. Premium plus all other payments detailed in the Special Conditions of Sale.
If you are intending to bid at the auction for a specific lot, we recommend
Attending the Auction It is always wise to allow sufficient time to
that you keep in contact with the Auctioneer's office.
get to the auction. Legal packs for most of the properties will be
The Auctioneers or Vendors cannot be held responsible for costs incurred in
available for inspection. It is important you read these and the final
respect of any lot which is withdrawn or sold prior to auction.
addendum/amendment sheet which will also be available as any
purchase will be subject to these. Post Auction Sales If a property you are interested in is not sold during the
auction please speak to the Auctioneer and make an offer at, above or below
Bidding Each property will be offered individually by the Auctioneer. Ensure
the Guide. Your offer will be put forward to the Vendor and if accepted, you
that your bids are clear and noticed by the Auctioneer. If you are successful
will be able to proceed with your purchase under auction rules. Offers should
in bidding for the property you will be approached by a member of Auction
take into account the Administration Charge, any Buyers Premium plus all
House staff who will request your personal information and identification.
other payments detailed in the Special Conditions of Sale as all of these are
You will then be guided to our administration area and then the cashier desk
still payable irrespective of the circumstances.
for payment of the deposit.
Proof of Identification In order to comply with Anti-Money Laundering
Bidding by Proxy or Telephone If you are unable to attend the auction you
regulations we ask that all prospective purchasers provide Proof of Identity
are invited to contact us to discuss special arrangements for bidding by proxy
and Residence. Please bring your passport or photographic UK driving licence
or telephone. A Non-Attending Bid or Telephone Bid form and conditions
and a recent utility bill, bank statement or council tax bill to the auction. If
are included in auction catalogues or can be downloaded from the Bidding
purchasing on behalf of a company you will also need a letter of authority
Form links on our website.
on company letterhead. We will carry out Electronic AML checks on successful
Buyers Premium Purchasers of some lots will be required to pay a Buyers buyers and remote bidders. It will include a search with Experian who may
Premium to the auctioneer in addition to the deposit - see individual check the details you supply against any particulars on any database (public
property details. or otherwise) to which they have access. They may also use your details in
the future to assist other companies for verification purposes. A record of
Deposit When you sign the Memorandum of Sale you will be asked to pay the search will be retained.
a deposit of 10% of the purchase price subject to a minimum deposit of
Reserve Price Each property will be offered subject to a reserve price which
£3,000. Deposits can only be paid by electronic bank transfer, bankers draft,
we expect will be set within the guide price range or no more than 10% above
personal cheque, debit card or building society cheque. Cash or credit card
a single figure guide. This is a confidential figure set between the Vendor and
payments will not be accepted. Please note, should the cheque have to be
the Auctioneer just prior to the auction. It is a figure below which the
represented, a processing charge of £60.00 (£50.00 + VAT) will be charged
Auctioneer cannot sell the property during the auction. After the auction
by deduction from the deposit.
offers will be sought and considered on Unsold Lots at prices below the
Disbursements Some disbursements may become payable by the purchaser reserves.
on completion, these will be detailed in the Special Conditions of Sale within
Solicitors Details The name, address and telephone number of the solicitor
the property’s Legal Pack.
who will be acting for you in any purchase will be required before you leave
Disclaimer Particulars on the website and within our catalogue are believed the auction room.
to be correct but their accuracy is not guaranteed. Information relating to
The Catalogue Details of the property and land to be sold are set out in our
Rating matters has been obtained by verbal enquiry only. Prospective
catalogue and on our website auctionhouse.co.uk All lots are sold subject to
purchasers are advised to make their own enquiries of the appropriate
Special Conditions of Sale. It is important that prospective purchasers satisfy
Authority. All measurements, areas and distances are approximate only.
themselves as to the location, boundaries, condition and state of the lots
Potential purchasers are advised to check them.
before the auction.
Energy Performance Certificates (EPCs) Where required we include EPC The Contract The Memorandum of Sale will be signed in duplicate. One
ratings within Full Details and on the lot page within our catalogue. When copy will be given to you, which you must give to your solicitor. The second
available EPC Graphs can be viewed online at auctionhouse.co.uk. copy will be retained by the Vendors’ solicitor. Completion usually takes place
after 28 days but this date can vary. The legal pack of each property will state
General Data Protection Regulations (GDPR) This defines new customer
the completion date due. The date may also be announced immediately prior
rights and company obligations introduced on 25th May 2018. For
to the commencement of bidding of each lot.
full details please refer to the Privacy Policy showing on our
website www.auctionhouse.co.uk/leicestershire. The Legal Aspect Buying at auction is a contractual commitment. Before
making an offer prior to auction or bidding at the auction or post auction, it
*Guide Prices Guide prices quoted online and in the catalogue are provided
is advisable to consult a solicitor regarding the General and Special Conditions
as an indication of each seller’s minimum expectation. They are not
of Sale, the local authority search and other legal documentation.
necessarily figures which a property will sell for and may change at any time
prior to the auction. The sale price will be dependent on bidding in the Viewing Due to the nature and condition of auction properties we highlight
auction room and on the Vendors' instructions. the potential risk that viewing such properties carries and advise all to
proceed with caution and take necessary requirements to ensure their own
Insurance On some properties the seller will continue to insure through to
safety whilst viewing any lot in this catalogue. Viewings are conducted
completion. Others will need to be insured by the purchaser, and auctioneers
entirely at your own risk, these properties are not owned or controlled by
advice to all purchasers is that they should consider insuring from the date
Auction House and we cannot be held liable for loss or injury caused while
of exchange.
viewing or accessing any Lot.
Plans, Maps and Photographs The plans, floorplans, maps, photograph’s Due to the nature of some auction properties, electricity may not be turned
and video tours published on our website and in the catalogue are to aid on therefore viewing times are restricted. Viewers will also have to bring their
identification of the property only. The plans are not to scale. own lighting/ladders if wanting to inspect cupboards, cellars and roof spaces.
***Please refer to the common auction conditions included on our website or at the back of our catalogue***
Page 5.qxp_AH 10/02/2020 09:31 Page 1
Residential 1
46 Cropthorpe Avenue, Evington, Leicester, Leicestershire LE5 4QL
*GUIDE PRICE £55,000 (plus fees)
First Floor Flat, Ideal Buy to Let
A purpose built, one bedroomed first floor flat in the popular East Leicester district of Evington. Close to Leicester general
hospital. Considered an ideal buy to let investment. Hall. lounge, kitchen, double bedroom and bathroom. Leasehold with
vacant possession.
Description:
Accommodation: Communal entrance, entrance hall, lounge 4.69m x 3.29m, kitchen 3.31m x 2.93m, bedroom 3.28m x 3.21m, bathroom.
Outside: Communal gardens with drying area. On street parking.
Tenure: Held on a 125 year lease first granted on 1st February 1989. There is an annual ground rent payable of £9.00. We await service
charge information.
Tenure: Leasehold Additional Fees
Local Authority: Leicester City Council Buyer's Premium: The buyer is required to pay a premium of £1,140 inc VAT
(£950 + VAT).
Solicitors: TLT, 1 Redcliff Street Bristol BS1 6TP. Tel: 03330060461 Ref: LBGsales@tltsolicitors.com
Administration Charge: Purchasers will be required to pay an administration fee
Energy Performance Certificate Rating: D of £900.00 (£750.00 plus VAT)
Disbursements: Please see legal pack for any disbursements that may become
payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Plots/Building Land 2
Land Adjacent to 23 Rawson Street, Enderby, Leicester, Leicestershire LE19 4NY
*GUIDE PRICE £70,000 (plus fees)
Building Plot with Planning Consent.
A level building plot with outline planning consent for the erection of a single detached dwelling. The land is
situated to the West side of 23 Rawson Street Enderby. The consent was granted in June 2019 and the application
number is 19/0549/OUT. Further details can be found on the Blaby District Council planning portal.
Tenure: Freehold Additional Fees
Local Authority: Blaby District Council Administration Charge: Purchasers will be required to pay an
Solicitors: Frisby & Small, 5 De Montfort Street, Leicester LE1 7GE. Tel: 0116 233 5522 Ref: administration fee of £900 (£750 + VAT).
Justin Crowson Disbursements: Please see legal pack for any disbursements that
Energy Performance Rating (EPC): Current Rating TBC may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Residential for improvement 3
23 Rawson Street , Enderby, Leicester, Leicestershire LE19 4NY
*GUIDE PRICE £100,000 (plus fees)
Semi Detached House for Modernisation
A turn of the century semi-detached house in the sought after south Leicestershire village of Enderby in need of full
renovation and modernisation. The property includes two reception rooms and kitchen and two bedrooms and
bathroom to the first floor. The adjoining plot (sold as Lot 2) has planning consent for an additional dwelling and
the residual garden land will allow for off road parking and a good sized rear garden. Sold with the benefit of vacant
possession.
Description:
Ground Floor: Lounge 3.71m x 3.61m, mid lobby, dining kitchen 3.79m x 1.94m.
First Floor: Bedroom one 4.69m x 3.69m, bedroom two 3.67m x 3.71m, bathroom 3.79m x 2.88m.
Outside: Forecourt garden, driveway and good sized rear gardens.
Tenure: Freehold Additional Fees
Local Authority: Blaby District Council Administration Charge: Purchasers will be required to pay an
Solicitors: Frisby & Small, 5 De Montfort Street, Leicester LE1 7GE. Tel: 0116 233 5522 administration fee of £900 (£750 + VAT).
Ref: Justin Crowson Disbursements: Please see legal pack for any disbursements that
may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Residential 4
260 Aylestone Road, Leicester, Leicestershire LE2 7QT
*GUIDE PRICE £100,000 - £120,000 (plus fees)
Terraced House In Need of Modernisation
A two bedroomed palisaded villa in the sought after district of Aylestone. Previously rented out, in need of a little tlc
but benefits from UPVC double glazing and gas central heating with combi central heating boiler. Accommodation
includes two reception rooms and kitchen, on the first floor two bedrooms and a bathroom. There is a small
forecourt to the front, an enclosed rear garden with rear access.
Description:
Ground Floor: lounge, mid lobby, rear sitting room 12'0" x 11'0", kitchen 9'1" x 6'0".
First Floor: Landing, bedroom one 11'0" x 11'1", bedroom two 11'11" x 8'0", bathroom.
Outside: There is a yard area further hard landscaped pebbled area leading to small lawn, brick store and garden
shed.
Tenure: Freehold Additional Fees
Local Authority: Leicester City Council Administration Charge: Purchasers will be required to pay an
Solicitors: Crane & Walton, 24 De Montfort Street, Leicester LE1 7GB. Tel: 0116 255 1901 administration fee of £900.00 (£750 plus VAT).
Ref: Amanda Muttock Disbursements: Please see legal pack for any disbursements that
may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Mixed Use 5
1 St James Road, Leicester, Leicestershire LE2 1HR
*GUIDE PRICE £300,000 (plus fees)
Mixed use Commercial/Residential for Redevelopment
A substantial three storey end of terraced house, close to Leicester university and the city centre. Substantially extended to
the ground floor which was formerly a private licensed members club. The upper floors are converted to form two one
bedroomed self contained flats, let on assured shorthold tenancies.Considered an excellent investment opportunity in it's
current layout or to convert wholly to residential accommodation. Freehold Subject to tenancies.
Description:
Ground Floor: Shared entrance hall with stairs to first and second floor accommodation. Door to inner hall providing
access to the further ground floor accommodation and cellar. Front area 6.69m x 5.57m, rear area 6.88m x 6.96m, bar
area 7.60m x 2.11m, male & female WC's, Kitchen 3.32m x 3.00m.
Flat 1: Lounge 5.43m x 4.27m, kitchen 3.85m x 1.50m, bedroom 4.28m x 4.20m, bathroom 3.91m x 2.41m, stairs to
second floor. Occupied on an assured shorthold tenancy first granted in October 2015, now rolling over with an income of
£5,160 per annum.
Flat 2: Cloaks/WC, lounge 5.36m x 4.29m max, kitchen 2.21m x 2.60m, bedroom 4.30m x 3.50m, bathroom 2.60m x
1.90m. Occupied on an assured shorthold tenancy first granted in December 2018, now rolling over with an income of
£5,700 per annum.
Outside: There is a small yard area and shared rear pedestrian access and to the front a small forecourt garden.
Tenure: Freehold Additional Fees
Local Authority: Leicester City Council Administration Charge: Purchasers will be required to pay an
Solicitors: Frisby & Small, 5 De Montfort Street, Leicester LE1 7GE. Tel: 0116 233 5522. administration fee of £900.00 (£750 plus VAT).
Disbursements: Please see legal pack for any disbursements that may
become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures
Plots/Building Land 6
Land Adjacent to Fieldview, Fieldway, Earl Shilton, Leicestershire LE9 7LU
*GUIDE PRICE £250,000 (plus fees)
Two Plots and House for Renovation
A prime development opportunity with outline Planning Permission granted on 9th January 2019, (Application
Reference 18/01191/OUT) for the construction of two, four bedroom, detached houses and the renovation of the
existing three bedroom detached house. The site is situated within a cul de sac position within the sought after
village of Earl Shilton.
Description:
The site is situated parallel to the Hinckley Road in Earl Shilton and is approached off Field Way and will benefit from
the improved widening at the junction with Hinckley Road.
We are pleased to offer as Lot 12 in our catalogue a further development opportunity of land with outline planning
consent on the next door but one plot. There may well be some economies of scale to be investigated.
Joint Agent
Tenure: Freehold Additional Fees
Local Authority: Hinckley & Bosworth Borough Council Administration Charge: Purchasers will be required to pay an
Solicitors: Bray & Bray, Spa Place, 36-42 Humberstone Road, Leicester LE5 0AE. Tel: 0116 254 8871 administration fee of £900.00 (£750 plus VAT)
Ref: Amanda Sutcliffe Disbursements: Please see legal pack for any disbursements that
Energy Performance Rating (EPC): Current Rating TBC may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figures15 years,
at your DING!
service.
After attending auctions for 15 years, we’ve Call us on 0333 242 9414
developed a reputation for speed and flexibility. With
or find out more at
rates from 0.49%*, our auction finance works for a
huge range of people, on a huge range of properties. togethermoney.com/auction
Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or
any other debt secured on it.
*Other fees and charges apply and are variable based on the loan amount. 0.49% pm is applicable for the duration of the loan. 12 months as standard. No exit fee applies. Standard construction only.Selling Commercial Lots
David Stewart
Commercial Expert at Better Prices to
the Best Buyers
Paul Rogers
Commercial Auctioneer
Colin West
Commercial Expert
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Commercial Auctioneer
James Pank
Commercial Expert
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Ian Hill David Tate Guy Leeder
Commercial Expert Auctioneer Commercial Expert
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Richard Greener
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Commercial Auctioneer
Call us now on 0345 8731366
For more information visit our website auctionhouse.co.uk/commercialMixed Use 7
Former Social Centre & Warden's Flat, Kirby Grange Retirement Village, Botcheston,
Leicestershire LE9 9FG
*GUIDE PRICE £80,000 - £100,000 (plus fees)
Mixed use Commercial/Residential for Redevelopment
A rare opportunity to purchase the freehold of a large mixed use commercial and residential unit directly adjacent to
the Kirby Grange Nursing Home. Formally used as a social centre with post office and hairdressers. With two large
community lounges and a range of internal stores and toilet block. On the first floor there is a former warden's flat
comprising, a lounge, kitchen, two bedrooms and bathroom.
Excellent potential for renovation and possible change of use, subject to the relevant consents.
Description:
Notes to Purchasers: The former social centre has been vacant for many years and is in need of a comprehensive
refurbishment programme.
Every effort has been made to clear the property. The existing contents will remain after completion.
Tenure: Freehold Additional Fees
Local Authority: Hinckley & Bosworth Borough Council Administration Charge: Purchasers will be required to pay an
Solicitors: K 4 Law, 100 New Walk Leicester LE1 7EA. Tel: 0116 216 0510 Ref: administration fee of £900 (£750 + VAT).
Disbursements: Please see legal pack for any disbursements that
may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figuresResidential 8
Flat 3 Kings Court, Kings Drive, Leicester Forest East, Leicestershire LE3 3GH
*GUIDE PRICE £60,000 (plus fees)
First Floor Flat, Ideal Buy to Let
A well proportioned first floor flat in a purpose built block of 4 in the ever popular west Leicester district of Leicester
Forest East. Ideally as a buy to let vehicle the property is held on a short Lease with approximately 62 years have
expired. There is a ground rent payable of £30 per annum. The accommodation includes stairs to first floor, inner
landing, lounge with study off which could easily be altered to create a second bedroom, master bedroom to the
rear, kitchen and bathroom. There is a single garage and shared rear gardens. Sold Leasehold with vacant
possession.
Description:
Approached from a ground floor lobby, stairs rise to first floor, lounge 14'11" x 10'6", study 10'6" max x 8'1" max,
kitchen 7'7" x 5'5".
Outside: There is a detached brick garage with up and over door and then gate to shared rear garden area.
Tenure: Leasehold Additional Fees
Local Authority: Blaby District Council Buyer's Premium: Purchasers will be required to pay £1,140 (£950 + VAT) of the
purchase price plus VAT.
Solicitors: Taylor Rose TTKW, 5 Murray Road, Workington CA14 2AD. Ref:
Administration Charge: Purchasers will be required to pay an administration fee
Energy Performance Rating (EPC): Current Rating: E
of £900.00 (£750 plus VAT)
Disbursements: Please see legal pack for any disbursements that may become
payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figuresResidential for improvement 9
31 Stanley Drive, Leicester, Leicestershire LE5 1EB
*GUIDE PRICE £225,000 (plus fees)
Detached house for Modernisation
A traditional double bay fronted detached house in this sought after east Leicester district close to the heart of
Humberstone village. In need of full modernisation the property stands on an extremely large plot, there is a ground
floor rear extension but there is further potential to extend subject to relevant consents. Freehold with vacant
possession.
Description:
Ground Floor: Recessed storm porch, reception hall, lounge 4.57m inc bay x 3.99m, sitting room 3.96m x 3.67m,
breakfast room 2.73m x 2.42m inc bay, rear lobby, kitchen 2.96m x 2.29m.
First Floor: Landing, Bedroom One 4.73m inc bay x 3.69m, bedroom two 3.95m x 3.68m, bedroom three 2.68m x
2.46m, bathroom, WC.
Outside: To the front of the property there is a driveway leading to a dilapidated asbestos sectional garage, to the
rear of the property there are extensive mature gardens which we estimate to be in excess of 200ft.
56 day completion.
Tenure: Freehold Additional Fees
Local Authority: Leicester City Council Administration Charge: Purchasers will be required to pay an
Solicitors: Frisby & Small, 5 De Montfort Street, Leicester LE1 7GE. Tel: 0116 233 5522 Ref: administration fee of £900 (£750 + VAT).
Energy Performance Rating (EPC): Current Rating: E Disbursements: Please see legal pack for any disbursements that
may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figuresResidential Investments 10
38 Saxby Street, Highfields, Leicester, Leicestershire LE2 0NE
*GUIDE PRICE £325,000 (plus fees)
Licenced 9 Bedroomed HMO
A substantial three storey terraced villa close to Leicester University. Licenced HMO for nine rooms. Vacant at
present but previously let at £75.00 per room. The property benefits from gas central heating and has
accommodation to include entrance hall, communal lounge and dining room and kitchen, cellar with two rooms,
shower room and WC. First floor three further bedrooms, bathroom, store and WC. Second floor three further
bedrooms and WC and top floor final bedroom. Enclosed yard to rear. Potential for conversion to self contained flats
subject to relevant consents.
Description:
Ground Floor: Lounge 12'11" x 13'1" plus bay, dining room 12'11" x 11'0", rear lobby, kitchen 13'4" x 9'4", cellar
with shower room and WC, bedroom one 12'9" x 10'10", bedroom two 12'10" x 12'9".
First Floor: Bedroom three 14'6" x 9'6", bedroom four 11'1" x 13'0", bedroom five 13'1" x 11'6".
Second Floor: Bedroom six 12'11" x 11'1", bedroom seven 13'11" x 11'1", bedroom eight 10'0" x 7'6"
Top Floor: Bedroom nine 17'9" x 13'4"
Outside: There is an enclosed yard area.
Tenure: Freehold Additional Fees
Local Authority: Leicester City Council Administration Charge: Purchasers will be required to pay an
Solicitors: Rich & Carr Solicitors, 7 Lutterworth Road, Blaby, Leicester LE8 4DW. Ref: John Barr administration fee of £900.00 (£750 plus VAT)
Energy Performance Rating (EPC): Current Rating: D Disbursements: Please see legal pack for any disbursements that
may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figuresBridging Lender of the Year
Finalist 2019Have you got a property to sell?
PROPERTY TYPES IDEAL FOR AUCTION
Properties for Tenanted Residential
Improvement Properties Investment
Development Building Mixed Use
Propositions Land Properties
Commercial Unique Amenity Land &
Investments Properties Other Property
Visit our website for more information on why
Auction is the best option for your property
auctionhouse.co.ukResidential for improvement 11
11 Spinney Hill Drive, Loughborough, Leicestershire LE11 3LB
*GUIDE PRICE £300,000 (plus fees)
Detached House on Good sized plot in need of Renovation
A substantial three bedroomed detached house in need of general modernisation and updating. Situated in one of
Loughborough's most prestigious residential districts close to the University and the town centre. The property
offers excellent potential for extension to form a large family home and occupies a good sized plot set back from the
road with rear gardens extending to circa 30 metres. Sold freehold with vacant possession with the added benefit of
an extended completion date of six weeks after the auction.
Description:
Ground Floor: Entrance hall 7'8" x 6'0", lounge 22'6" x 11'6", conservatory 11'4" x 8'6", kitchen 13'11" x 9'3"
First Floor: Bedroom one 12'3" x 11'4", bedroom two 12'4" x 11'4", bedroom three 9'11" x 8'10", bathroom
Outside: The property stands set well back from the road with plenty of car standing and lawned garden.
Tenure: Freehold Additional Fees
Local Authority: Charnwood Borough Council Administration Charge: Purchasers will be required to pay an
Solicitors: Woolley, Beardsleys & Bosworth, 29 Rectory Place, Loughborough LE11 1UW. Tel: administration fee of £900.00 (£750 plus VAT)
01509 212266 Ref: Suzanne Riozzi Disbursements: Please see legal pack for any disbursements that
Energy Performance Rating (EPC): Current Rating TBC may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figuresPlots/Building Land 12
Land to the rear of 150 Hinckley Road, Earl Shilton, Leicestershire LE7 9LE
*GUIDE PRICE £250,000 (plus fees)
Land with Outline Consent for Two Detached Dwellings
An excellent opportunity to purchase a good sized plot with outline planning consent granted for two substantial
detached properties of some 217 sq m each. The site is circa 42m long by 24m wide and is located to the northern
end of the existing garden, where the site abuts Field Way and will benefit from the improved widening at the
junction with Hinckley Road. We are pleased to offer as lot 6 in our catalogue a further development opportunity of
land with outline planning consent on the next door but one plot. There may well be some economies of scale to be
investigated.
Reserved Matters: There has been approval of reserved matters (scale, appearance and landscaping) of outline
planning permission 18/01192/OUT for the erection of 2 dwellings.
Legal Pack: Please see the legal pack for all related planning documents together with a number of working
drawings
Tenure: Freehold Additional Fees
Local Authority: Hinckley & Bosworth Borough Council Administration Charge: Purchasers will be required to pay an
Solicitors: Thomas Flavell & Sons, Church Walk, Hinckley, Leicestershire LE10 1DN. administration fee of £900.00 (£750 plus VAT)
Tel: 01455 610747 Ref: Jill Hames Disbursements: Please see legal pack for any disbursements that
may become payable by the purchaser on completion.
auctionhouse.co.uk *Description on Auction Information Page
Additional Fees and Disbursements will be charged to the buyer - see individual property details at auctionhouse.co.uk and Special Conditions of Sale for actual figuresCall our financial experts on:
01827 338 808
Sourcing the fast funding you need for your
property auction purchases.
&RPHDQGVHHRXUSURSHUW\ÀQDQFH
specialist Steve Taylor who will be
attending the auction. Steve will be
able to guide you on the day as to
your funding options and next steps.
www.crystalprivatefinance.com
Any property used as security, including your home, may be repossessed if you do not keep up
repayments on a mortgage or any other debt secured on it.
LEGAL PACKS
We remind all prospective buyers that prior to auction day, the
legal documents can be viewed at our offices, or online for free,
thus making the process of purchasing at auction much easier
and open to everyone.
We also offer a service for non attending bids by way of
telephone or proxy if you cannot make the auction day.
Non Attending Bid Forms are included to the rear of this
Catalogue.MEMORANDUM OF SALE
Property Address: Lot No.
Price:
The Vendor:
The Purchaser:
Post Code: Tel:
It is agreed that the Vendor sells and the Purchaser buys the property described in the accompanying particulars and *conditions of sale subject to their
provisions and the terms and stipulations in them at the price above mentioned.
Purchase Price: £
Less Deposit: £
Balance: £
Dated:
Completion Date:
Signed:
Authorised Agent for Vendor
As Agents for the Vendor we acknowledge receipt of the deposit in the form
of:
Dated:
Signed:
The Purchaser
Purchasers Solicitor:
Post Code: Tel:
Vendors Solicitor:
Post Code: Tel:
* For the purpose of this contract, the conditions of sale include the three sections of the RICS Common Auction Conditions, the Glossary, Conduct of the Auction and the General Conditions.
In addition and at the same time, the purchaser is required to pay by cheque, debit card, credit card (2% fee) or bankers draft to the Auctioneer an
Administration Charge of £900.00 (£750.00+VAT) plus Buyers Premium if applicable.NON-ATTENDING BID OR TELEPHONE BID
Please also sign and return the reverse side of this form
AUTHORISATION FOR BIDDING BY PROXY OR TELEPHONE
Full Name (s):
Name of Company (if applicable):
Home or
Company
(address): Postcode:
Tel: Mobile:
Email:
Hereby authorise Auction House to bid on my behalf by proxy / telephone (delete as applicable) bid for the property detailed below.
I confirm that I have read and understood the General Conditions of Sale and signed the Conditions of Bidding by Proxy or Telephone set
out overleaf.
PROPERTY AND BID DETAILS
Lot No.: Property Address:
My maximum bid (proxy bids only) will be: £
(amount in words):
DEPOSIT (tick as applicable)
I attach a cheque for 10% of my proxy bid or £3000, whichever is the greater, plus £900.00 (£750.00+VAT)
Administration Charge plus Buyers Premium if applicable.
OR
I attach a blank cheque to be completed by the Auctioneer if my bid is successful, within which he will include £900.00
(£750.00+VAT) Administration Charge plus Buyers Premium if applicable.
My cheque of £ payable to READINGS PROPERTY GROUP (amount if applicable)
I hereby authorise Auction House to undertake Proof of Identification checks using the information provided.
Date of Birth Period living at current address NI Number
Passport Number
Driving Licence Number
Previous address if less than
6 months
SOLICITORS
My solicitors are:
Of (address):
Postcode:
Tel: Person Acting:
If my bid is successful, I authorise the Auctioneer to sign the Memorandum of Sale on my behalf and recognise that I will be the legally
bound purchaser of the property referred to above and must complete the purchase of the property within the time specified in the
General/Special Conditions of Sale.
Signed: Date:
PLEASE MARK THE ENVELOPE EITHER PROXY OR TELEPHONE BIDTERMS AND CONDITIONS FOR TELEPHONE BIDS AND BIDDING BY LETTER
Anyone not able to attend the auction and wishing to make a bid for any property,
do so on the following terms and conditions:
1. The bidder must complete a separate authority form for each Lot involved, and provide a bankers draft, solicitor’s client’s account cheque
or personal cheque for 10% of the maximum amount of the bid for each Lot. Please note the minimum deposit for any bid is £3,000 PER
LOT.
2. The bidder must upload Proof of Identity in the form of a scan of a driving licence or passport, and a scan of a utility bill to the Auctions
Passport Service that accesses the property’s Legal Pack. Also you authorise Auction House to undertake a search with Experian for the
purpose of verifying your identity. To do so Experian may check the details you supply against any particulars on any database (public or
otherwise) to which they have access. They may also use your details in the future to assist other companies for verification purposes. A
record of the search will be retained.
3. The form must be sent to, or delivered to: Written & Telephone Bids, Auction House, Readings Property Group, 48 Granby Street,
Leicester LE1 1DH to arrive before 6pm two working days prior to the start of the auction. It is the bidders responsibility to check that the
form is received by Auction House and this can be done by telephoning the office.
4. In the case of a telephone bid the prospective purchaser should provide a blank cheque in the name of the purchaser which the Auctioneer
will complete on behalf of the prospective purchaser if the prospective purchaser is successful in purchasing the relevant property for 10%
of the purchase price, plus the administration charge or in accordance with the General or Special Conditions of Sale relating to the lot.
5. The bidder shall be deemed to have read the “Important Notice to be read by all bidders”; the particulars of the relevant Lot in the catalogue
the general and special conditions of sale. The bidder shall be deemed to have taken all necessary professional and legal advice and to have
made enquiries and have knowledge of any announcements to be made from the rostrum of any amendments relating to the relevant Lot.
Announcements can and should be checked by bidders on the day before the auction. However, the Auctioneers will advise the bidders of
any announcements as soon as possible prior to the Auction.
6. In the case of a written bid, Auction House staff will compete in the bidding up to the maximum of the authorisation. If no maximum is
inserted, Auction House reserve the right not to bid.
7. Auction House reserve the right not to bid on behalf of written bidders, in the event of any error, doubt, omission, uncertainty as to the
bid, any failure to validate Proof of Identification, or for any reason whatsoever and give no warranty, or guarantee, that a bid would be
made on behalf of the bidder and accept no liability.
8. In the event that the written or telephone bid is successful, the Auctioneer will sign the Memorandum of the Contract on behalf of the
bidder (a Contract would have been formed on the fall of the hammer).
9. In the event of a Contract, the deposit monies will be applied so far as necessary to meet the requirement for a 10% deposit
(minimum £3,000) and the balance of the deposit (if any) will be held by the vendors solicitor pending completion. An Administration
charge of £900.00 (£750.00+VAT) should be added to the deposit cheque or a separate cheque should be made payable to Readings
Property Group.
10. In the event that the bidder is unsuccessful in gaining the Contract, the deposit monies shall be returned to the bidder promptly.
11. The Auctioneer will make no charge to a prospective purchaser for this service and will accept no liability whatsoever for any bid not being
made on behalf of the prospective purchaser whether through lack of clarity of instructions or for any other reason whatsoever. Prospective
telephone purchasers will not hold Auction House liable for any loss or claims relating to the telephone bidding system.The prospective
purchaser will be advised if the relevant lot has been successfully purchased on his behalf as soon as possible after the auction. Where the
lot has not been purchased the prospective purchaser will be notified by post and the deposit returned as soon as reasonably possible.
12. Once delivered to the Auctioneers, the authority to bid is binding on the bidder on the day on which the particular Lot is auctioned. This is
to allow for the possibility of a Vendor agreeing to sell post auction where the bidding has not reached the reserve.
13. The authority can only be withdrawn by notification in writing delivered to Auction House at their office two hours before the start of the
auction on the day the relevant Lot is scheduled to be auctioned, or by delivery into the hands of the Auctioneer in the auction room half-
an-hour before the start of that day’s auction. It is the bidders responsibility to obtain a receipt on a copy of the withdrawal notification
signed by one of the Auctioneers and without such a receipt the authority stands, any successful Contract is binding on the bidder.
14. If the bidder, or an agent, actually bids at the auction without having previously withdrawn the authority, the Auctioneer is at liberty to
accept such bid in addition to any bid from Auction House staff as empowered under the written authority. Auction House will have no
liability whatsoever if the price achieved is the result only of this competition in bidding without intervention from other bidders.
15. Prospective purchasers are advised in respect of telephone bids should they become disconnected during bidding or are unobtainable,
Auction House will not be held responsible or liable for any loss suffered in respect thereof. I hereby confirm that I have read and understood
the above terms and conditions to bid by letter.
Signed: ................................................................................................. Date: .......................................................................................
Please sign this page and ensure the form overleaf is completedCOMMON AUCTION CONDITIONS (EDITION 3)
REPRODUCED WITH THE CONSENT OF THE RICS
INTRODUCTION general conditions. information supplied by or on behalf of the seller. You need
The Common Auction Conditions have been produced for real estate Interest rate to check that the information in the particulars is correct.
auctions in England and Wales to set a common standard across the If not specified in the special conditions, 4% above the base rate A4.2 If the special conditions do not contain a description of the
industry. They are in three sections: from time to time of Barclays Bank plc. (The interest rate will also lot, or simply refer to the relevant lot number, you take the
apply to judgment debts, if applicable.) risk that the description contained in the particulars is
GLOSSARY Lot incomplete or inaccurate, as the particulars have not been
The glossary gives special meanings to certain words used in both Each separate property described in the catalogue or (as the case prepared by a conveyancer and are not intended to form part
sets of conditions.. may be) the property that the seller has agreed to sell and the buyer of a legal contract.
AUCTION CONDUCT CONDITIONS to buy (including chattels, if any). A4.3 The particulars and the sale conditions may change prior to
The Auction Conduct Conditions govern the relationship between Old arrears the auction and it is your responsibility to check that you
the auctioneer and anyone who has a catalogue, or who attends or Arrears due under any of the tenancies that are not “new tenancies” have the correct versions.
bids at the auction. They cannot be changed without the as defined by the Landlord and Tenant (Covenants) Act 1995. A4.4 If we provide information, or a copy of a document, provided
auctioneer’s agreement. Particulars by others we do so only on the basis that we are not
The section of the catalogue that contains descriptions of each lot responsible for the accuracy of that information or
SALE CONDITIONS (as varied by any addendum). document.
The Sale Conditions govern the agreement between each seller and Practitioner
buyer. They include general conditions of sale and template forms An insolvency practitioner for the purposes of the Insolvency Act A5 THE CONTRACT
of special conditions of sale, tenancy and arrears schedules and a 1986 (or, in relation to jurisdictions outside the United Kingdom, A5.1 A successful bid is one we accept as such (normally on the
sale memorandum. any similar official). fall of the hammer). This condition A5 applies to you if you
IMPORTANT NOTICE Price make the successful bid for a lot.
A prudent buyer will, before bidding for a lot at an auction: The price that the buyer agrees to pay for the lot. A5.2 You are obliged to buy the lot on the terms of the sale
• take professional advice from a conveyancer and, in appropriate Ready to complete memorandum at the price you bid plus VAT (if applicable).
cases, a chartered surveyor and an accountant; Ready, willing and able to complete: if completion would enable the A5.3 You must before leaving the auction:
• read the conditions; seller to discharge all financial charges secured on the lot that have (a) provide all information we reasonably need from you to
• inspect the lot; to be discharged by completion, then those outstanding financial enable us to complete the sale memorandum (including
• carry out usual searches and make usual enquiries; charges do not prevent the seller from being ready to complete. proof of your identity if required by us);
• check the content of all available leases and other documents Sale conditions (b) sign the completed sale memorandum; and
relating to the lot; The general conditions as varied by any special conditions or (c) pay the deposit.
• check that what is said about the lot in the catalogue is accurate; addendum. A5.4 If you do not we may either:
• have finance available for the deposit and purchase price; Sale memorandum
The form so headed (whether or not set out in the catalogue) in (a) as agent for the seller treat that failure as your
• check whether VAT registration and election is advisable; repudiation of the contract and offer the lot for sale again:
The conditions assume that the buyer has acted like a prudent buyer. which the terms of the contract for the sale of the lot are recorded.
Seller the seller may then have a claim against you for breach of
If you choose to buy a lot without taking these normal precautions contract; or
you do so at your own risk. The person selling the lot. If two or more are jointly the seller their
obligations can be enforced against them jointly or against each of (b) sign the sale memorandum on your behalf.
them separately. A5.5 The deposit:
GLOSSARY Special conditions (a) is to be held as stakeholder where VAT would be
This glossary applies to the auction conduct conditions and the sale Those of the sale conditions so headed that relate to the lot. chargeable on the deposit were it to be held as agent for the
conditions. seller, but otherwise is to be held as stated in the sale
Tenancies
Wherever it makes sense: Tenancies, leases, licences to occupy and agreements for lease and conditions; and
• singular words can be read as plurals, and plurals as singular words; any documents varying or supplemental to them. (b) must be paid in pounds sterling by cheque or by bankers’
• a “person” includes a corporate body; Tenancy schedule draft made payable to us on an approved financial
• words of one gender include the other genders; The tenancy schedule (if any) forming part of the special conditions. institution. The extra auction conduct conditions may state
• references to legislation are to that legislation as it may have been Transfer if we accept any other form of payment.
modified or re-enacted by the date of the auction or the contract Transfer includes a conveyance or assignment (and “to transfer” A5.6 We may retain the sale memorandum signed by or on behalf
date (as applicable); and includes “to convey” or “to assign”). of the seller until the deposit has been received in cleared
• where the following words are printed in bold type they have the TUPE funds.
specified meanings. The Transfer of Undertakings (Protection of Employment) A5.7 If the buyer does not comply with its obligations under the
Actual completion date Regulations 2006. contract then:
The date when completion takes place or is treated as taking place VAT (a) you are personally liable to buy the lot even if you are
for the purposes of apportionment and calculating interest. Value Added Tax or other tax of a similar nature. acting as an agent; and
Addendum VAT option (b) you must indemnify the seller in respect of any loss the
An amendment or addition to the conditions or to the particulars or An option to tax. seller incurs as a result of the buyer’s default.
to both whether contained in a supplement to the catalogue, a We (and us and our) A5.8 Where the buyer is a company you warrant that the buyer is
written notice from the auctioneers or an oral announcement at the The auctioneers. properly constituted and able to buy the lot.
auction. You (and your)
Agreed completion date Someone who has a copy of the catalogue or who attends or bids at A6 EXTRA AUCTION CONDUCT CONDITIONS
Subject to condition G9.3: the auction, whether or not a buyer. A6.1 Despite any special condition to the contrary the minimum
(a) the date specified in the special conditions; or deposit we accept is £3,000 (or the total price, if less). A
(b) if no date is specified, 20 business days after the contract date; AUCTION CONDUCT CONDITIONS special condition may, however, require a higher minimum
but if that date is not a business day the first subsequent business deposit.
day. A1 INTRODUCTION
Approved financial institution A1.1 Words in bold type have special meanings, which are defined GENERAL CONDITIONS OF SALE
Any bank or building society that has signed up to the Banking Code in the Glossary.
A1.2 The catalogue is issued only on the basis that you accept Words in bold type have special meanings, which are defined
or Business Banking Code or is otherwise acceptable to the in the Glossary
auctioneers. these auction conduct conditions. They govern our
Arrears relationship with you and cannot be disapplied or varied by G1. THE LOT
Arrears of rent and other sums due under the tenancies and still the sale conditions (even by a condition purporting to replace G1.1 The lot (including any rights to be granted or reserved, and
outstanding on the actual completion date. the whole of the Common Auction Conditions). They can be any exclusions from it) is described in the special conditions,
Arrears schedule varied only if we agree. or if not so described the lot is that referred to in the sale
The arrears schedule (if any) forming part of the special conditions. A2 OUR ROLE memorandum.
Auction A2.1 As agents for each seller we have authority to: G1.2 The lot is sold subject to any tenancies disclosed by the special
The auction advertised in the catalogue. conditions, but otherwise with vacant possession on
(a) prepare the catalogue from information supplied by or
Auction conduct conditions completion.
The conditions so headed, including any extra auction conduct on behalf of each seller;
(b) offer each lot for sale; G1.3 The lot is sold subject to all matters contained or referred to
conditions. in the documents, but excluding any financial charges: these
Auctioneers (c) sell each lot;
the seller must discharge on or before completion.
The auctioneers at the auction. (d) receive and hold deposits;
G1.4 The lot is also sold subject to such of the following as may
Business day (e) sign each sale memorandum; and affect it, whether they arise before or after the contract date
Any day except (a) a Saturday or a Sunday; (b) a bank holiday in (f) treat a contract as repudiated if the buyer fails to sign a and whether or not they are disclosed by the seller or are
England and Wales; or (c) Good Friday or Christmas Day. sale memorandum or pay a deposit as required by these apparent from inspection of the lot or from the documents:
Buyer auction conduct conditions. (a) matters registered or capable of registration as local land
The person who agrees to buy the lot or, if applicable, that person’s A2.2 Our decision on the conduct of the auction is final. charges;
personal representatives: if two or more are jointly the buyer their A2.3 We may cancel the auction, or alter the order in which lots
obligations can be enforced against them jointly or against each of (b) matters registered or capable of registration by any
are offered for sale. We may also combine or divide lots. A competent authority or under the provisions of any
them separately. lot may be sold or withdrawn from sale prior to the auction.
Catalogue statute;
A2.4 You acknowledge that to the extent permitted by law we (c) notices, orders, demands, proposals and requirements of
The catalogue to which the conditions refer including any owe you no duty of care and you have no claim against us
supplement to it. any competent authority;
for any loss.
Completion (d) charges, notices, orders, restrictions, agreements and
Unless otherwise agreed between seller and buyer (or their A3 BIDDING AND RESERVE PRICES other matters relating to town and country planning,
conveyancers) the occasion when both seller and buyer have A3.1 All bids are to be made in pounds sterling exclusive of any highways or public health;
complied with their obligations under the contract and the balance applicable VAT. (e) rights, easements, quasi-easements, and wayleaves;
of the price is unconditionally received in the seller’s conveyancer’s A3.2 We may refuse to accept a bid. We do not have to explain (f) outgoings and other liabilities;
client account. why. (g) any interest which overrides, within the meaning of the
Condition A3.3 If there is a dispute over bidding we are entitled to resolve Land Registration Act 2002;
One of the auction conduct conditions or sales conditions. it, and our decision is final. (h) matters that ought to be disclosed by the searches and
Contract A3.4 Unless stated otherwise each lot is subject to a reserve price enquiries a prudent buyer would make, whether or not the
The contract by which the seller agrees to sell and the buyer agrees (which may be fixed just before the lot is offered for sale). If buyer has made them; and
to buy the lot. no bid equals or exceeds that reserve price the lot will be (i) anything the seller does not and could not reasonably
Contract date withdrawn from the auction. know about.
The date of the auction or, if the lot is not sold at the auction: A3.5 Where there is a reserve price the seller may bid (or ask us G1.5 Where anything subject to which the lot is sold would expose
(a) the date of the sale memorandum signed by both the seller and or another agent to bid on the seller’s behalf) up to the the seller to liability the buyer is to comply with it and
buyer; or reserve price but may not make a bid equal to or exceeding indemnify the seller against that liability.
(b) if contracts are exchanged, the date of exchange. If exchange is the reserve price. You accept that it is possible that all bids
not effected in person or by an irrevocable agreement to exchange G1.6 The seller must notify the buyer of any notices, orders,
up to the reserve price are bids made by or on behalf of the demands, proposals and requirements of any competent
made by telephone, fax or electronic mail the date of exchange is seller.
the date on which both parts have been signed and posted or authority of which it learns after the contract date but the
A3.6 Where a guide price (or range of prices) is given that guide buyer must comply with them and keep the seller
otherwise placed beyond normal retrieval. is the minimum price at which, or range of prices within
Documents indemnified.
which, the seller might be prepared to sell at the date of the G1.7 The lot does not include any tenant’s or trade fixtures or
Documents of title (including, if title is registered, the entries on the guide price. But guide prices may change. The last published
register and the title plan) and other documents listed or referred fittings.
guide price will normally be at or above any reserve price, G1.8 Where chattels are included in the lot the buyer takes them
to in the special conditions relating to the lot. but not always – as the seller may fix the final reserve price
Financial charge as they are at completion and the seller is not liable if they
just before bidding commences are not fit for use.
A charge to secure a loan or other financial indebtness (not including
a rentcharge). A4 THE PARTICULARS AND OTHER INFORMATION G1.9 The buyer buys with full knowledge of:
General conditions A4.1 We have taken reasonable care to prepare particulars that (a) the documents, whether or not the buyer has read them;
That part of the sale conditions so headed, including any extra correctly describe each lot. The particulars are based on andYou can also read
