Below is the full auction catalogue in PDF format. Auction ... · addendum/alteration list which...

Below is the full auction catalogue in PDF format.

It is advisable to obtain a hard copy of the catalogue from theAuction House prior to purchasing a property or incurring anyexpense in relation to a lot.

Please note that lot details are subject to change and thesechanges are available from the Auction House directly.

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SuffolkEast Anglia

AWARDS17IN THE LAST 6 YEARSACROSS AUCTION HOUSE GROUP

MULTI AWARDWINNERS

Friday 17th February 2017 12.00 noon

The Ballroom, Dukes Head Hotel 5-6 Tuesday Market Place, King’s Lynn PE30 1JS

Wednesday 15th February 20176.30pm

The Wolsey Room, Holiday Inn London Road, Ipswich IP2 0UA

Wednesday 15th February 201711.00am

The Sunningdale Suite, Dunston Hall Hotel Ipswich Road, Norwich NR14 8PQ

35 Lots For Sale By Auction(Unless previously sold or withdrawn)

Auction Venue

Wednesday 15th February 2017 11.00amThe Sunningdale Suite

Dunston Hall HotelIpswich Road, Norwich NR14 8PQ

Wednesday 15th February 2017 6.30pmThe Wolsey Room, Holiday Inn

London Road, Ipswich IP2 0UA

Friday 17th February 2017 12.00 noonThe Ballroom

Dukes Head Hotel5-6 Tuesday Market Place, King’s Lynn

PE30 1JS

A belated happy new year to all our customers and clients anda warm welcome to this our first auction catalogue of 2017

Looking back over a highly successful 2016 we held 18 auctionsand sold over 200 lots raising nearly £28 million. We endedthe year on a high after our last set of auctions in December.It raised nearly £2.5 million with 22 properties sold. Please seethe inside back page of this catalogue for the results.

We have 21 auctions booked for 2017 at four regional venues.In April, we will launch our first auction in Peterborough atPeterborough Football Club. We are continuously takingentries and are always pleased to hear from anyone with asuitable property to sell.

Our February catalogue has 34 lots spread across five easterncounties: Norfolk, Suffolk, Essex, Cambridgeshire andLincolnshire. We are grateful to our clients, joint agents, banks,companies and local authorities that have kindly entrusted us

with their properties to sell. The entries all offer opportunitieswhether you are an owner-occupier, builder, investor, developeror speculator.

Nationally Auction House sold over 3,300 lots last year whichwas again up on the previous year and the organisation hasbeen honoured again in the 2016 round of national awards.The group has won 15 National awards in the last five yearsalone.

We look forward to seeing interested parties at the variousopen house viewings. You can download legal documents freeof charge from www.auctionhouse.co.uk/eastanglia.

Our next auction is scheduled for Wednesday 5th April witha closing date for entries in early March. We are already takinginstructions for this sale and if you have land or property thatneeds to be sold, please call the Auction experts on (01603)505100 for free impartial advice.

Gary Davison (Regional Manager - King’s Lynnand Peterborough)

Mark Willett (Regional Manager - Suffolk andNorth Essex)

Robert Hurst BSc (Hons) MRICS(Auction Manager)

Bryan Baxter (Director/Auctioneer)

Message from the Auctioneers

Post Christmas Crackers

Next Six Auction DatesWed 5th April 2017 (Norwich) • Wed 5th April 2017 (Ipswich) • Fri 7th April 2017 (Peterborough)

Wed 24th May 2017 (Ipswich) • Thurs 25th May 2017 (Norwich) • Fri 26th May 2017(King’s Lynn)

We are continually taking entries for our future auctions and are happy to provide free, no obligation advice on anypotential auction lot. Please call us on (01603) 505100.

Auction OfficesNorwich Office

The Barn, Newmarket RoadCringlefordNorwich NR4 6UE

Tel: 01603 505100Email: [email protected]

auctionhouse.co.uk/eastanglia

Peterborough OfficeStuart House, St John’s StreetPeterborough PE1 5DD


Ipswich Office

17 Neptune QuayIpswichIP4 1QJ


Auction information

The Catalogue Details of the property and land to be sold areset out in our catalogue. All lots are sold subject to SpecialConditions of Sale. It is important that prospective purchaserssatisfy themselves as to the location, boundaries, condition andstate of the lots before the auction.

Plans, Maps and Photographs The plans, maps and photographspublished on our website and in the catalogue are to aididentification of the property only. The plans are not to scale.

Energy Performance Certificates (EPCs) Where required weinclude EPC ratings within Full Details and on the lot page withinour catalogue. When available EPC Graphs can be viewed onlineat auctionhouse.co.uk.

*Guide Prices Guide prices quoted online and in the catalogueare provided as an indication of each seller’s minimumexpectation. They are not necessarily figures which a property willsell for and may change at any time prior to the auction. The saleprice will be dependent on bidding in the auction room and on theVendors' instructions.

Reserve Price Each property will be offered subject to a reserveprice which we expect will be set within the guide price range orno more than 10% above a single figure guide. This is aconfidential figure set between the Vendor and the Auctioneer justprior to the auction. It is a figure below which the Auctioneercannot sell the property during the auction. After the auction offerswill be sought and considered on Unsold Lots at prices below thereserves.

The Legal Aspect Buying at auction is a contractual commitment.Before making an offer prior to auction or bidding at the auctionit is advisable to consult a solicitor regarding the General andSpecial Conditions of Sale, the local authority search and otherlegal documentation.

Pre Auction Sales Offers made on property included in thisauction may be accepted by the Vendor prior to the auction. If youare intending to bid at the auction for a specific lot, werecommend that you keep in contact with the Auctioneer's office.

The Auctioneers or Vendors cannot be held responsible for costsincurred in respect of any lot which is withdrawn or sold prior toauction.

Post Auction Sales If a property you are interested in is not soldduring the auction please speak to the Auctioneer and make anoffer at, above or below the Guide. Your offer will be put forward tothe Vendor and if accepted, you will be able to proceed with yourpurchase under auction rules.

Attending the Auction It is always wise to allow sufficient time toget to the auction. Legal packs for most of the properties will beavailable for inspection. It is important you read these and the finaladdendum/alteration list which will also be available as anypurchase will be subject to these.

Bidding Each property will be offered individually by theAuctioneer. Ensure that your bids are clear and noticed by theAuctioneer. If you are successful in bidding for the property you willbe approached by a member of Auction House staff who willrequest your personal information and identification. You will thenbe guided to the cashiers desk for payment of the deposit.

***Please refer to the common auction conditions included under the ‘Buy’ tab menu on our website or at the back of our catalogue***

Bidding by Proxy or Telephone If you are unable to attend theauction you are invited to contact us to discuss specialarrangements for bidding by proxy or telephone. A pre auctionbidding form and conditions can be downloaded from the ‘How tobid at Auction’ page located as a menu choice located under the‘Buy’ tab menu on our website or from our catalogue.

Proof of Identification In order to abide by the money launderingregulations we ask that all prospective purchasers provide proof ofidentity. Please bring your passport or photographic UK drivinglicence and a current utility bill, bank statement or council tax billto the auction. If purchasing on behalf of a company you will alsoneed to present proof of your position within the company andcompany letterhead.

Solicitors Details The name, address and telephone number of thesolicitor who will be acting for you in any purchase will be requiredbefore you leave the auction room.

Deposit When you buy a property you will be approached by amember of Auction House staff and asked to go to the cashiersdesk to sign the Memorandum of Sale. You will be asked to pay adeposit of 10% of the purchase price subject to a minimumdeposit of £3,000. Deposits can only be paid by bankers draft,building society cheque, personal cheque or debit card. Cash orcredit card payments will not be accepted. Please note, should thecheque have to be represented, a processing charge of £60.00(£50.00 + VAT) will be charged by deduction from the deposit.

The Contract The Memorandum of Sale will be signed induplicate. One copy will be given to you, which you must give toyour solicitor. The second copy will be retained by the Vendors’solicitor. Completion usually takes place after 28 days but thisdate can vary. The legal pack of each property will state thecompletion date due. The date may also be announcedimmediately prior to the commencement of bidding of each lot.

Administration Charge Purchasers will be required to pay anadministration charge of 0.3% inc VAT of the purchase price,subject to a minimum of £720.00 (£600.00 + VAT).

Insurance Unless indicated to the contrary, the seller will continueto be responsible for insuring the property until completion

Viewing Due to the nature and condition of auction properties wehighlight the potential risk that viewing such properties carries andadvise all to proceed with caution and take necessaryrequirements to ensure their own safety whilst viewing any lot inthis catalogue. Viewings are conducted entirely at your own risk,these properties are not owned or controlled by Auction Houseand we cannot be held liable for loss or injury caused while viewingor accessing any Lot.

Due to the nature of some auction properties, electricity may notbe turned on therefore viewing times are restricted. Viewers willalso have to bring their own lighting/ladders if wanting to inspectcupboards, cellars and roof spaces.

Disclaimer Particulars on the website and within our catalogueare believed to be correct but their accuracy is not guaranteed.Information relating to Rating matters has been obtained byverbal enquiry only. Prospective purchasers are advised to maketheir own enquiries of the appropriate Authority. All measurements,areas and distances are approximate only. Potential purchasersare advised to check them.

WisemanCommercial

07805 713081wisemancommercial.co.uk

If you would like the opportunity to enhance your business and be associated with Auction House please contact The Auction House Team on (01603) 505100

or email: [email protected]

Introducer Agents

Order of Sale11.00am Wednesday 15th February 2017, The Sunningdale Suite, Dunston Hall Hotel, Ipswich Road, Norwich NR14 8PQ

1 6 Conrad Court, 33 Yarmouth Road, Thorpe St Andrew, Norwich NR7 0EJ £40,000 - £45,000 Residential Investment

2 11 Ling Way, Coltishall, Norwich NR12 7HX £150,000 Residential

3 19 Primrose Crescent, Thorpe St Andrew, Norwich NR7 0SE £130,000 Residential

4 30 Primrose Crescent, Thorpe St Andrew, Norwich NR7 0SE £135,000 Residential

5 71 Holt Road, Hellesdon, Norwich NR6 6UA £200,000 - £240,000 Residential

6 115-117 Magdalen Street, Norwich NR3 1LN £110,000 - £130,000 Commercial Investment

7 76 Appleyard Crescent, Norwich NR3 2QW SOLD PRIOR Residential

8 Warehouse and offices rear of 113-119 Ber Street, Norwich NR1 3EY £200,000 - £250,000 Redevelopment

9 1 Puddingmoor, Beccles NR34 9PL £100,000 - £120,000 Commercial

10 103 Stanley Street, Lowestoft NR32 2DZ £75,000 - £85,000 Residential

11 The Olive Branch, Market Street, Tunstead, Norwich NR12 8AH £250,000 - £300,000+VAT Mixed Use

12 Upcot, 106 California Road, California, Great Yarmouth NR29 3QW £60,000 - £80,000 Residential

13 Barn & Land adj. Birtwick Park, Old Bungay Road, Kirby Cane, Bungay NR35 2HP £150,000 - £175,000 Barn and Land

14 48, 49 & 50 North Quay, Great Yarmouth NR30 1JE £190,000 - £230,000 Residential Investment

15 15 Wolesley Road, Great Yarmouth NR31 0EJ £80,000 - £100,000 Residential Investment

16 11 Princes Road, Great Yarmouth NR30 2DB £50,000 - £70,000 Residential

17 Plot adj. The Vines, The Street, Great Cressingham IP25 6NL £40,000 - £60,000 Land

18 Plot adj. Well Done, Station Road, Yaxham, Dereham NR19 1RB £60,000 - £80,000 Building Plot

19 Land rear of 33 Bethel Street, Norwich NR2 1NR £175,000 Land

20 Former Mission Hall, Sheringham Road, East Beckham, Norwich NR11 8RP £10,000 Former Mission Hall

LOT NO. ADDRESS*GUIDE PRICE

*Description on Auction Information page

LOT TYPE

6.30pm Wednesday 15th February 2017, The Wolsey Room, Holiday Inn, London Road, Ipswich IP2 0UA

21 5 Agate Close, Ipswich, Suffolk IP1 5JE £145,000+ Residential

22 17-19 & 19a High Street, Saxmundham IP17 1DF £200,000+ Investment

23 Foundry House, Hall Street, Long Melford, Suffolk CO10 9JR £575,000 - £625,000 Investment

24 Unit 2, Church Field Business Park, Church Field Road, Sudbury CO10 2YF £200,000+ plus VAT Mixed Use Investment

25 28-30 Trinity Street, Halstead, Essex CO9 1JA £225,000 - £275,000 Residential Development

26 45 Whitby Road, Ipswich, Suffolk IP4 4AF £230,000- £270,000 Residential

27 51 Laceys Lane, Exning, Newmarket, Suffolk CB8 7HN £180,000 - £200,000 Residential

12.00 noon Friday 17th February 2017 The Ballroom, Dukes Head Hotel, 5-6 Tuesday Market Place, King’s Lynn PE30 1JS

28 5 Green Lane, Benwick, March, Cambridgeshire PE15 0XG £100,000 - £110,000 Residential

29 Building Plot rear of 2-6 Vernon Road, Skegness, Lincolnshire PE25 2QR £50,000 Building Plot

30 30 Norfolk Street, King’s Lynn PE30 1AR £90,000 - £110,000 Commercial

31 52 Lime Kiln Close, Peterborough PE3 9TN £85,000 Residential

31A Tawneymeade, Wash Road, Fosdyke, Boston, Lincolnshire PE20 2DJ £227,500 Residential

32 Glendevon Hotel, 49-52 Railway Road, King’s Lynn, Norfolk PE30 1NE £160,000 - £180,000 Redevelopment

33 19 Melbourne Road, Stamford, Lincolnshire PE9 1UD £145,000 Residential

34 16d High Street, Heacham, King’s Lynn PE31 7ER £180,000 - £200,000 Residential



LOT TYPE



LOT TYPE

START OF DAY 1

WEDNESDAY 15th FEBRUARY 11.00 amTHE SUNNINGDALE SUITE, DUNSTON HALL HOTEL

IPSWICH ROAD, NORWICH NR14 8PQ

LOTS 1 - 20

LOT 1

Residential Investment

6 Conrad Court, 33 Yarmouth Road, Thorpe St Andrew, Norwich, NR7 0EJ

Tenure: Leasehold. 99 years from 1985

Local Authority: Broadland District Council. Tel: 01603 431133.

Solicitors: Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich, NR8 6HW.Tel: 01603 864331. Ref: Tracy Guest.Viewing: Open days scheduled for Tuesday 24th, 31st January and 7th Februarybetween 11:15am - 11:45amEnergy Performance Certificate (EPC): Current Rating D

One bedroom flat, currently let producing £5,700paThird floor one bedroom flat with off-road parking

The flat is located in a purpose built block of flats less than two miles east of thecentre of Norwich. The flat is generally in good decorative order and is currently letat £475pcm (£5,700pa)

The property benefits from an undercover off-road parking space and there areimpressive views of Whitlingham Country Park from the balcony.

This would make an ideal cash purchase for an owner-occupier or investor.

The ground rent is £30pa. The percentage service charge payable by theleaseholder of the flat is 7% of the expenditure in services as per the lease.

Description:Ground Floor: Shared entrance hall, stairs leading to third floor

Third Floor: Entrance hall, living room, bedroom, bathroom, kitchen, balcony

Outside: Allocated off-road parking space at ground floor level.

*GUIDE PRICE £40,000 - £45,000*Description on Auction Information page

For further information and legal pack please go toauctionhouse.co.uk/eastanglia

LOT 2

Residential

11 Ling Way, Coltishall, Norwich, NR12 7HX

Tenure: Freehold


Solicitors: Clare Pullinger, 32 Tower View, Kings Hill, West Malling, Kent, ME194UY. Tel: 020 3784 3921. DX 315801 West Malling 4

Viewing: Open days scheduled for Thursday 26th January, 2nd and 9th Februarybetween 9:30am - 10:00amEnergy Performance Certificate (EPC): Current Rating C

Three bedroom semi-detached house requiringupdatingThis ex-Local Authority three bedroom semi detached house is to be sold withvacant possession and is in need of updating throughout. Set in the picturesquevillage of Coltishall, this property would be ideal for builder, investor or privateindividual for occupation.

The property has large rear gardens with the potential for a building plot, subject toachieving planning from the relevant authorities.

Coltishall is located to the north west of Norwich with a regular bus services to allmajor centres including North Walsham, Wroxham and Norwich. Coltishall has arange of amenities including a shop, petrol garage and pub/restaurant.

Description:Ground Floor: Entrance hall, lounge, dining room, kitchen.

First Floor: Three bedrooms off landing, bathroom.

Outside: Front, rear and side gardens with off road parking and garage

Note:In addition to the administration charge, the purchaser will be required to pay abuyers premium of £900 (£750 + VAT) which is payable upon signing thecontracts.

*GUIDE PRICE £150,000*Description on Auction Information page


LOT 3

Residential

19 Primrose Crescent, Thorpe St Andrew, Norwich, NR7 0SE

Tenure: Freehold



Viewing: Open days scheduled for Tuesday 24th, 31st January and 7th Februarybetween 12:00noon - 12:45pm

Energy Performance Certificate (EPC): Current Rating D

Three bedroom semi-detached house requiringmodernisationAn ex-local authority semi-detached house to be sold with vacant possession. Theproperty now requires updating and redecoration to realise its full potential. It liesin an established residential area, is already double glazed, has central heating andprivate gardens.

Thorpe St Andrew is well served by a wide range of facilities and is well placed foraccess onto the Norwich southern bypass and Broadland Business Park

Description:Ground Floor: Entrance hall, reception room, kitchen, utility room, bathroom.

First Floor: Three bedrooms off landing.

Outside: Front and rear gardens.

Note:

In addition to the administration charge, the purchaser will be required to pay abuyers premium of £900 (£750 + VAT) which is payable upon signing thecontracts.



LOT 4

Residential

30 Primrose Crescent, Thorpe St Andrew, Norwich, NR7 0SE

Tenure: Freehold



Viewing: Open days scheduled for Tuesday 24th, 31st January and 7th Februarybetween 12:45pm - 1:15pm.

Energy Performance Certificate (EPC): Current Rating F

Three bedroom semi-detached house requiringrefurbishmentThis ex Local Authority three bedroom semi detached property is offered withvacant possession and requires refurbishment throughout. This property would beideal for a builder, investor or private individual for occupation.

The property offers generous rear, front and side gardens with potential off roadparking. It is convenient for local amenities and a regular bus service into NorwichCity centre.

Thorpe St Andrew is well served by a wide range of facilities and is well placed foraccess onto the Norwich Southern bypass and Broadland Business Park.

Description:Ground Floor: Entrance hall, lounge, dining room, kitchen, hall, bathroom.

First Floor: Three bedrooms off landing.

Outside: Large rear garden with side and front gardens, potential off-road parking.

Note:In addition to the administration charge the purchaser will be requires to pay abuyers premium of £900 (£750 + VAT) which is payable upon signing thecontracts.



LOT 5

Residential

71 Holt Road, Hellesdon, Norwich, NR6 6UA

Tenure: Freehold


Solicitors: Leathes Prior, 74 The Close, Norwich, NR1 4DR Tel: 01603 610911.Ref: Stephen WilsonViewing: Open days scheduled Tuesday 24th, 31st January and 7th February9:30am - 10;00am.Energy Performance Certificate (EPC): Current Rating D

Three bedroom detached houseThis three bedroom detached property is in good decorative order having recentlybeen refurbished throughout including a new boiler and kitchen. The property wasuntil recently let at £950pcm (£11,400pa), and is now to be sold with vacantpossession.

The property is situated in a prominent position, close to Norwich InternationalAirport and around three miles north of Norwich City centre. It would make anideal purchase for an investor or owner occupier.

Holt Road is located on the outskirts of Hellesdon and is within walking distance oflocal amenities including shops and a regular bus service to Norwich City centre.

Description:Ground Floor: Porch, entrance hall, kitchen, utility room, living room, diningroom, conservatory

First Floor: Three bedrooms off landing, bathroom, wc

Outside: Ample off road parking to front and side of property with garage, reargarden


For further information and legal pack please go towww.auctionhouse.co.uk/eastanglia

Auction

Our all-together different approach to means it’s our people not computers making our decisions, so the only decision you have to make is which property to buy at auction.

For on the spot decisions you can relyon call us on 0161 933 , visit us at

or

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

Selling Commercial Lotsat Better Prices to

the Best Buyers

Call us now on 0345 8731366For more information visit our websiteauctionhouse.co.uk/commercial commercialcommercial

Conar TraceyCommercial Expert

Henry ScottCommercial Expert

Paul RogersCommercial Auctioneer

Colin WestCommercial Expert

Stuart CooperCommercial Expert

James PankCommercial Expert

Adrian HarrisonCommercial Auctioneer

Ian HillCommercial Expert

David TateAuctioneer

Chris EdwardsCommercial Expert

Matt HiltonCommercial Expert

Richard GreenerCommercial Auctioneer

Bryan BaxterCommercial Auctioneer

Robert HurstCommercial Expert

Mark IlesCommercial Expert

Tim ParkerCommercial Expert

Charles LovellCommercial Expert

Andrew BinstockCommercial Auctioneer

Andrew StallardCommercial Expert

Adam CookCommercial Auctioneer

David BeddoeCommercial Expert

Nick MustonCommercial Auctioneer

Claire BlezardCommercial Expert

Steven RobertsCommercial Expert

Steve SprakeCommercial Expert

LOT 6

Commercial Investment

115-117 Magdalen Street, Norwich, NR3 1LN

Tenure: Freehold

Local Authority: Norwich City Council. Tel: 0344 980 3333

Solicitors: Cozens-Hardy, Castle Chambers, Opie Street, Norwich, NR1 3DP.Tel: 01603 724676. Ref: Dan EvansViewing: Open days scheduled for Tuesday 31st January and 7th Februarybetween 10:20am - 10:50amEnergy Performance Certificate (EPC): Current Rating C

Freehold retail premises 123.7sq/m (1,331sq/ft) withground rent income from two flatsThis is an end terrace two storey building. On the ground floor is a prominent shopwith extensive window frontage It is let to Norfolk and Norwich Scope Association

Above the flat on the first floor are two flats subject to a 125 year lease with effectfrom 1998 (106 years remaining). The ground rent is believed to be £50pa per flat,increasing by £25 every twenty-five years.

According to the valuation office website, the property is described as a shop andpremises, extends to 123.7 sq/m and has a rateable value of £11,250 with effectfrom 1st April 2010. With effect from 1st April 2017 the new value will be £9,400.

Description:Ground Floor: Main shop, office, storage areas, w.c., kitchen.

Outside: Off road parking to the rear.

Notes:The property is located close to the Anglia Square shopping centre, the owners ofwhich are in talks with Norwich City Council regarding plans for a comprehensiveredevelopment of the complex to include new homes, shop units, multi-storey carpark, cinema and public square.

The property is Grade II listed and exempt from business rates if vacant.



(NANSA), a well established local charity, on aten year lease with effect from 1st January 2017 ata current passing rent of £13,200pa, rising in 2022to £14,400. www.nansa.org.uk

LOT 7

Residential

76 Appleyard Crescent, Norwich, NR3 2QW

Tenure: Freehold


Solicitors: Leathes Prior, 74 The Close, Norwich, NR1 4DR. Tel: 01603 610911.Ref: Carolyn Eddy Viewing: Please call the Auctioneers - 01603 505100Energy Performance Certificate (EPC): Current Rating - D

Three bedroom mid terrace requiring refurbishmentThis three bedroom mid terrace property is double glazed and has gas fired centralheating. It has been in the same family for many years and is now to be sold withvacant possession. It requires improvement to realise its full potential.

Description:Ground Floor: Entrance hall, shower/w.c., kitchen, sitting room.

First Floor: Landing, three bedrooms.

Outside: Front garden with off-road parking, rear garden, wooden shed, rearaccess to garden via path between numbers 80 and 82.



SOLD PRIOR

LOT 8

Redevelopment

Warehouse and offices rear of 113-119 Ber Street, Norwich, NR1 3EY

Tenure: Freehold


Solicitors: Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich, NR8 6HW. Tel: 01603 864331. Ref: Nick Norton

Viewing: On site during normal working hours. Internal inspection of the existing warehouse unit can be arranged by prior appointment.

A city centre storage unit and area of land with consent for redevelopment into five residential units

Located in a very central location close to the city centre, this storage warehouse and parking area has recently been let producing a good rental yield. However, planningconsent has now been obtained for the demolition of the existing building and replacement with a terrace of three townhouses and two flats. Once constructed, thesewould be highly popular and should command strong resale prices or could deliver a healthy rental income.

The site is situated a few steps from John Lewis department store and very keenly guided to attract builders and investors looking for a straight forward and profitabledevelopment opportunity.

The Site:The site currently consists of disused offices and warehouse facilities which at present are accessed through an open archway. This is not included within the site, howeverit can be purchased for an additional sum of £60,000. Please contact the Auctioneers for further information.

Planning:Planning permission was granted by Norwich City Council on 14th November 2016, planning reference number 16/01266/F. Full details can be found on the planningwebsite of Norwich City Council.


For further information and legal pack please go to auctionhouse.co.uk/eastanglia

PROPOSED FLOOR PLANS PROPOSED ELEVATIONS

O

LOT 9

Commercial

1 Puddingmoor, Beccles, Suffolk, NR34 9PL

Tenure: Freehold

Local Authority: Waveney District Council. Tel: 01502 562111

Solicitors: Mears Hobbs & Durrant , Somerset House , 26 Gordon Road ,Lowestoft, NR32 1NL. Tel: 01502 583621. Ref: Richard Temple.

Viewing: Open days scheduled for Wednesday 25th January and 1st and 8thFebruary between 9:30am - 10:00am

Energy Performance Certificate (EPC): Current Rating G

Vacant offices with redevelopment potentialThe property is situated in a sought after street, almost opposite the WaveneyHouse Hotel in the historic market town of Beccles. The property has had anumber of uses over the years, most recently as offices for a design company whowere renting it until recently for £8,700pa. The property has potential for a varietyof uses including residential, subject to the necessary consents. The property is notlisted, however it does lie within a Conservation Area. In 2016 most of the sashwindows were repaired.

The property has been in the same ownership for many years and offers a rareopportunity for a developer/investor.

According to the valuation office website, the property is described as a surgeryand premises, extends to 44.72 sq/m and has a rateable value of £4,200 with effectfrom 1st April 2010. With effect from 1st April 2017 the new rateable value will be£5,200.

Description:Ground Floor: Entrance hall, small kitchen area, w.c., two rooms.

First Floor: Two rooms.

Outside: Three off-road car parking spaces, small side garden area.



Landing Room

First Floor Large Room View

LOT 10

Residential

103 Stanley Street, Lowestoft, NR32 2DZ

Tenure: Freehold

Local Authority: Waveney District Council. Tel: 01502 562111

Solicitors: Fosters, William House, 19 Bank Plain, Norwich, NR2 4FS. Tel: 01603 620508. Ref: Simon ButtonViewing: Open days scheduled for Wednesday 25th January, 1st and 8th Februarybetween 10:45am - 11:15amEnergy Performance Certificate (EPC): Current Rating E

Four bedroom mid terrace houseThis four bedroom mid terrace property has accommodation over three floors, isdouble glazed and has gas fired central heating. The property was previously let at£640pcm (£7,680pa) and is now to be sold with vacant possession. It requiresimprovement to realise its full potential.

The property is located around half a mile south of the town centre, close to arange of services and amenities.

Description:Ground Floor: Sitting room, dining room, kitchen, bathroom.

First Floor: Three bedrooms (third through second).

Second Floor: Rear loft extension room.

Outside: Small area to front and rear yard.



LOT 11

Mixed Use

The Olive Branch, Market Street, Tunstead, Norwich, NR12 8AH

Tenure: Freehold

Local Authority: North Norfolk District Council. Tel: 01263 513811

Solicitors: Dentons LLP., Iveco House, Station Road, Watford, WD18 1AF.Tel: 01923 215071. Ref: Bill RamseyViewing: Open days scheduled for Thursday 26th January, 2nd and 9th Februarybetween 10:15am - 11:00amEnergy Performance Certificate (EPC): Current Ratings: The Cottage - F,The Olive Branch - D

Vacant public house with attached cottage extending to 3,171 sq/ftThis lot comprises three adjoining buildings, most recently occupied as The Olive Branch Restaurant and Café and before that, the Horse and Groom public house.

The main building is arranged over two storeys with a thatched roof with a ground floor restaurant and bar and a first floor flat, which could be self contained. Adjoiningthe main building is a former barn which accommodates a bar and kitchen. Adjoining the other side is a single storey, one bedroom cottage.

The property is situated around ten miles north of Norwich, in an attractive semi-rural location. It occupies a site of 0.43 of an acre and offers redevelopment potential,subject to the necessary consents.

According to the valuation office website, the property is described as restaurant and premises, has an area of 273.4 sq/m and a rateable value of £16,000. The 2017 draftrateable value is £19,750.

Public House:Ground Floor: Restaurant/café for around sixty covers, kitchen, bar, customer toilets (178.21 sq/m).First Floor Two Bedroom Flat: Landing, two bedrooms, kitchen/sitting room, bathroom (60.94 sq/m).Outside: Externally there is a good sized car park to the front and side of the property and a rear garden/yard area.

Cottage: Kitchen/sitting room, bedroom, shower room and w.c. (46.49 sq/m).

Planning:Full planning permission was granted by North Norfolk District Council on the 6th October 2011 to raise the height of a section of roof to provide first floor bed andbreakfast accommodation and erection of a single storey rear extension. Application number PF/11/0860. A material start has been made to ensure that the consent hasnot lapsed. Full details, including plans, can be found on the public access website of North Norfolk District Council, www.north-norfolk.gov.uk/planning.

*GUIDE PRICE £250,000 - £300,000 + VAT*Description on Auction Information page


LOT 12

Residential

Upcot, 106 California Road, California, Great Yarmouth, NR29 3QW

Tenure: Freehold

Local Authority: Great Yarmouth Borough Council. Tel: 01493 856100

Solicitors: KJL Solicitors, Blofield Chambers, The Street, Blofield, Norwich, NR134AA. Tel: 01603 717520. Ref: Rhoda Alli.

Viewing: Open days scheduled for Thursday 26th January, 2nd and 9th Februarybetween 11:45am - 12:15pm

Energy Performance Certificate (EPC): Current Rating G

Detached house requiring refurbishmentA unique opportunity to acquire an interesting and unusual detached non-standardconstruction dwelling which has been extended to the ground floor to provideadditional accommodation.

The property is located close to the sandy beach and would make an idealpurchase for an owner-occupier or as a holiday let.

Description:Ground Floor: Kitchen, bathroom, w.c., sitting room, inner hall.

First Floor: Landing, three bedrooms.

Outside: Generous plot with rear garden and off-street parking.

Note:In addition to the administration charge, the purchaser will be required to pay abuyer's premium of £600 (£500+VAT) which is payable upon signing the contracts.



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We understand the importance of acting quickly and this is never truer than when landlords purchase a property to let at auction. With a wide network of branches across East Anglia, our local experts can offer impartial advice before you go to auction and once you have secured a property we will be on hand to assist you every step of the way.

Norwich 01603 630671 14 St Georges Street, Norwich, NR3 1BA leaders.co.uk

LOT 13

Barn and Land

Barn & land adj Birtwick Park, Old Bungay Road, Kirby Cane, Bungay, NR35 2HP

Tenure: Freehold

Local Authority: South Norfolk Council. Tel: 01508 533633

Solicitors: Sprake & Kingsley, 16 Broad Street, Bungay, NR35 1EN. Tel: 01986892721. Ref: Nick Kingsley

Viewing: Please call the Auctioneers - 01603 505100.

Barn set in 1.83 acresAn exceptional opportunity to purchase this substantial Georgian red brick barn forconversion. The property is situated in a much desired rural, yet accessible locationin the popular south Norfolk village of Kirby Cane. The proposed conversion offersa unique design bringing together the charm of the current building with a modernextension to provide versatile living areas over two levels.

The grounds extend to around 1.83 acres with the barn being set central to theplot providing an excellent aspect to both the front and rear elevations.

The barn occupies a rural but not isolated position, conveniently located close tothe village of Kirby Cane. The attractive market towns of Beccles and Bungay areboth around four miles away.

Proposed Accommodation:The proposed accommodation comprises:

Reception hall, family kitchen/dining area, sitting room, ground floor bedroom,ground floor toilet, mezzanine reception area, first floor bedroom, first floorbathroom.

Planning:The conversion to provide the proposed accommodation as a two bedroomresidence has the benefit of pre-application planning advice from South NorfolkDistrict Council. South Norfolk District Council will not enter into furtherdiscussions until a full planning application is made. This will be for the new ownerto undertake once legal completion has taken place. Further documentation will beavailable on our website.



LOT 14


48,49 & 50 North Quay, Great Yarmouth, NR30 1JE

Tenure: Freehold

Local Authority: Great Yarmouth Borough Council. Tel: 01493 856100

Solicitors: Bishop and Sewell LLP., 59-60 Russell Square, London, WC1B 4HP.Tel: 020 7079 2416. Ref: Stephen BishopViewing: Open days scheduled for Thursday 2nd and 9th February between12:45pm - 1:30pmEnergy Performance Certificate (EPC): Current Rating D

Residential investment with a potential income of nearly£35,000paThis is a substantial property which has been divided into eight units, seven of which are

currently let. The current gross income is £30,344pa and the property is registered as an

HMO with Great Yarmouth Borough Council on a five year licence from 7th August

2012, ref: HMO/LN/0069.

The units are let on a weekly basis ranging from £72 - £86. The landlord is responsible

for Council Tax, water, gas and communal electricity bills and these amount to

approximately £4,705pa. The tenants are responsible for their own electricity via

individual meters for each unit.

Description:Ground Floor:Unit 1: Kitchen, sitting room, bedroom.

Unit 2: Bedsit with fully fitted kitchenette.

Unit 3: Kitchen, sitting room, bedroom.

Two communal wc's, two communal showers. Coin operated communal washing

machine, income £600pa.

First Floor:Unit 4: Maisonette with kitchen/sitting room, stairs to bedroom.

Unit 5: Kitchen, sitting room, bedroom.

Unit 6: Bedsit with kitchenette.

Unit 7: Bedsit with fully fitted kitchenette.

Unit 8: Fully fitted kitchen, sitting room/bedroom.

Outside: Small rear communal yard

Note:In addition to the administration charge, the purchaser will be required to pay a buyer's

premium of £600 (£500+VAT) which is payable upon signing the contracts.



LOT 15


15 Wolseley Road, Great Yarmouth, NR31 0EJ

Tenure: FreeholdLocal Authority: Great Yarmouth Borough Council. Tel: 01493 856100Solicitors: Cozens Hardy LLP, Castle Chambers, Opie Street, Norwich, NR1 3DP. Tel: 01603 724644.Ref: Rebecca Edwards.Viewing: Please call the auctioneer - 01603 505100Energy Performance Certificate (EPC): Current Rating E

Four bedroom mid terrace property currently let at £8,840pa (£737pcm)

This four bedroom mid terrace property is in good order throughout and is currently let on an AST at£8,840pa (£737pcm). The property is to be sold with tenants or with vacant possession if requested. Theproperty has been updated to a good standard with en-suite shower rooms in all four bedrooms.

The property is located in a non estate location with easy access to all local amenities and is a short walkfrom Great Yarmouth town centre.

Description:Ground Floor: Entrance hall, kitchen, two bedrooms off hall with en-suite shower room.

First Floor:Two bedrooms off landing, both with en-suite shower room, kitchenette off second bedroom.

Outside: Rear courtyard garden.


For further information and legal pack please go to www. auctionhouse.co.uk/eastanglia.

Online Legal DocumentationIf you wish to receive legal documents in respect of any lot, please visit auctionhouse.co.uk where all legal packs wehave received can be downloaded free of charge.

Please note: Larger documents such as architects’ plans etc may have to be viewed at our offices.

For more detailed legal enquiries, please contact the auctioneers in the first instance.

Copy documentation is available for inspection on the day of the auction, at the auction venue or at our offices fromreceipt until the auction date.

LOT 16

Residential

11 Princes Road, Great Yarmouth, NR30 2DB

Tenure: FreeholdLocal Authority: Great Yarmouth Borough Council. Tel: 01493 856100Solicitors: Wilsons Solicitors, 21 The Grove, Ilkley, Leeds, LS29 9EG Tel: 01943 602998. Kirsty Barrett.Viewing: Open days scheduled for Thursday 2nd and 9th February 1:45pm - 2:15pmEnergy Performance Certificate (EPC): Current Rating - please refer to legal pack.

A four bedroom ha l l entrance end terrace house requir ingmodernisationA bay fronted hall entrance terrace that now requires a programme of remedial repair and modernisation.The property is ideal for the professional builder or investor and could deliver an excellent rental incomeonce modernised.

The property is located in a highly convenient position close to the sea front and town centre.

Description:Ground Floor: Hall, lounge/dining room, kitchen

First Floor:Landing, four bedrooms, bathroom

Outside: Small garden


For further information and legal pack please go to auctionhouse.co.uk/eastanglia.

LOT 17

Land

Plot adj. The Vines, The Street, Great Cressingham, IP25 6NL

Tenure: Freehold

Local Authority: Breckland District Council. Tel: 01362 6953331.

Solicitors: Chandler Ray, 22 West Street, Buckingham, MK18 1HG.Tel: 01280 814040. Ref: Diana DavisViewing: Any reasonable time during daylight hours. All persons viewing should beaware that they enter the site entirely at their own risk.

Land with lapsed planning for a two storey dwellingAn infill plot situated between The Vines, a Grade II listed building, and a morerecently constructed two storey dwelling. The site has an approximate frontageonto The Street of 15.5 metres and an approximate depth of 33 metres, stms.

Consent was approved in 2007 under planning reference 3PL/2007/1790/F. Thisconsent lapsed, following which an appeal was lodged in 2012 but this was turneddown. Purchasers would need to re-submit their application or have an alternativeuse for the land. Details of the original application and subsequent appeal can befound on the pub l ic acces s web s i te o f B reck land D i s t r ic t Counc i l ,www.breckland.gov.uk/planning.

The Site:A fully fenced site with frontage onto The Street, close to the junction of WaterEnd and Chalk Hill. The site is overgrown and consists of mature fruit trees with adilapidated outbuilding to the rear. There is an attractive outlook over pasture tothe rear.

.

Note:Please would all interested parties register their interest with the Auctioneers inorder that they may be kept up to date with any developments.



LOT 18

Building Plot

Plot adj. Well Done, Station Road, Yaxham, Dereham, NR19 1RB

Tenure: Freehold

Local Authority: Breckland District Council. Tel: 01362 695333

Solicitors: Leathes Prior, 74 The Close, Norwich, NR1 4DR. Tel: 01603 610911.Ref: William RileyViewing: Any reasonable time during daylight hours. All persons viewing shouldbe aware that they enter the site entirely at their own risk.

Building plot with full planning perm ission for adetached houseThis single building plot has full planning permission for a detached three bedroomhouse and garage.

The plot measures 0.15 of an acre (stms) and includes the driveway of the adjacentproperty called 'Well Done'. It has a width of around 34' at the front and 90' at therear. The plot incorporates a large workshop and shed to the rear, which would beideal for use during the construction process.

This would make an ideal project for a builder or developer.

Yaxham is located around two miles south of Dereham and around eighteen mileswest of Norwich.

Planning:Full planning permission was granted on 11th July 2007 for the erection of a newdwelling, reference no. 3PL/2007/1144/F. Work is deemed to have commenced.Further details are available from Breckland District Council.




LOT 19

Land

Land rear of 33 Bethel Street, Norwich, NR2 1NR

Tenure: Leasehold. 130 years from 1st January 2007.


Solicitors: Bates, Wells and Braithwaite LLP., 10 Queen Street Place, London,

EC4R 1BE. Ref: Richard Roberts - [email protected]

Viewing: Any reasonable time during daylight hours. All persons viewing should beaware that they enter the site entirely at their own risk.

0.15 acre car park in the city centre, behind The ForumThe site forms part of the grounds of the old hospital on Bethel Street. It comprisesan approximate rectangular area extending to in the region of 600sq/m (0.15 acre).It is currently used for car parking of which 18 spaces are reserved, and willcontinue to be reserved in the lease, for the use of residents of the adjacent BethelStreet hospital development.

The site is situated between Theatre Street and Bethel Street immediately to thenorth of the Theatre Royal and to the west of The Forum. It is accessed via BethelStreet and is a level site with vehicular and pedestrian access via a tarmac driveway.Brick walling forms the south and east boundaries of the site.

Various mature deciduous trees lie beyond the western boundary and there is anelectricity sub-station just outside the eastern boundary of the site.


On instruction of LPA Receivers



LOT 20

Former Mission Hall

Former Mission Hall, Sheringham Road, East Beckham, Norwich, NR11 8RP

Tenure: Freehold

Local Authority: North Norfolk District Council. Tel: 01263 513811

Solicitors: Birketts, Kingfisher House, 1 Gilders Way, Norwich, NR3 1UB.Tel: 01603 756501. Ref: Stuart JonesViewing: Any reasonable time during daylight hours. All persons viewing shouldbe aware that they enter the site entirely at their own risk.

Former Mission HallThis lot comprises of a former mission hall extending to 288sq./ft set in 0.06 of anacre. The building is derelict and is constructed of timber with a corrugated ironroof.

The site is completely overgrown and is accessed via a concrete bridge over a beck.It has been derelict for many years and was last used as a polling station some fortyyears ago. The building had electricity and this could be reconnected.

It is located in a sought after rural area only three miles south of Sheringham.




Memorandum Of Sale

Property Address: Lot No.

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 andconditions 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 Auctionand the General Conditions.

In addition and at the same time, the purchaser is required to pay the Auctioneer an Administration Charge of 0.3% inc VATsubject to a minimum of £720.00 (£600.00 + VAT).

INTRODUCTIONThe Common Auction Conditions have been produced for real estateauctions in England and Wales to set a common standard across theindustry. They are in three sections:

GLOSSARYThe glossary gives special meanings to certain words used in both sets ofconditions..

AUCTION CONDUCT CONDITIONSThe Auction Conduct Conditions govern the relationship between theauctioneer and anyone who has a catalogue, or who attends or bids atthe auction. They cannot be changed without the auctioneer’s agreement.

SALE CONDITIONSThe Sale Conditions govern the agreement between each seller andbuyer. They include general conditions of sale and template forms ofspecial conditions of sale, tenancy and arrears schedules and a salememorandum.

IMPORTANT NOTICEA prudent buyer will, before bidding for a lot at an auction:• take professional advice from a conveyancer and, in appropriate cases,

a chartered surveyor and an accountant;• read the conditions;• inspect the lot;• carry out usual searches and make usual enquiries;• check the content of all available leases and other documents relating

to the lot;• check that what is said about the lot in the catalogue is accurate;• have finance available for the deposit and purchase price;• check whether VAT registration and election is advisable;The conditions assume that the buyer has acted like a prudent buyer. If you choose to buy a lot without taking these normal precautions youdo so at your own risk.

GLOSSARYThis glossary applies to the auction conduct conditions and the saleconditions.Wherever it makes sense:• singular words can be read as plurals, and plurals as singular words;• a “person” includes a corporate body;• words of one gender include the other genders;• references to legislation are to that legislation as it may have been

modified or re-enacted by the date of the auction or the contract date(as applicable); and

• where the following words are printed in bold type they have thespecified meanings.

Actual completion dateThe date when completion takes place or is treated as taking place forthe purposes of apportionment and calculating interest.AddendumAn amendment or addition to the conditions or to the particulars or toboth whether contained in a supplement to the catalogue, a writtennotice from the auctioneers or an oral announcement at the auction.Agreed completion dateSubject to condition G9.3:(a) the date specified in the special conditions; or(b) if no date is specified, 20 business days after the contract date;but if that date is not a business day the first subsequent business day.Approved financial institutionAny bank or building society that has signed up to the Banking Code orBusiness Banking Code or is otherwise acceptable to the auctioneers.ArrearsArrears of rent and other sums due under the tenancies and stilloutstanding on the actual completion date.Arrears scheduleThe arrears schedule (if any) forming part of the special conditions.AuctionThe auction advertised in the catalogue.Auction conduct conditionsThe conditions so headed, including any extra auction conduct conditions.AuctioneersThe auctioneers at the auction.Business dayAny day except (a) a Saturday or a Sunday; (b) a bank holiday in Englandand Wales; or (c) Good Friday or Christmas Day.BuyerThe person who agrees to buy the lot or, if applicable, that person’spersonal representatives: if two or more are jointly the buyer theirobligations can be enforced against them jointly or against each of themseparately.CatalogueThe catalogue to which the conditions refer including any supplement toit.CompletionUnless otherwise agreed between seller and buyer (or theirconveyancers) the occasion when both seller and buyer have compliedwith their obligations under the contract and the balance of the price isunconditionally received in the seller’s conveyancer’s client account.ConditionOne of the auction conduct conditions or sales conditions.ContractThe contract by which the seller agrees to sell and the buyer agrees tobuy the lot.Contract dateThe date of the auction or, if the lot is not sold at the auction:(a) the date of the sale memorandum signed by both the seller andbuyer; or(b) if contracts are exchanged, the date of exchange. If exchange is noteffected in person or by an irrevocable agreement to exchange made bytelephone, fax or electronicmail the date of exchange is the date on which both parts have beensigned and posted or otherwise placed beyond normal retrieval.DocumentsDocuments of title (including, if title is registered, the entries on theregister and the title plan) and other documents listed or referred to inthe special conditions relating to the lot.Financial chargeA charge to secure a loan or other financial indebtness (not including arentcharge).

General conditionsThat part of the sale conditions so headed, including any extra generalconditions.Interest rateIf not specified in the special conditions, 4% above the base rate fromtime to time of Barclays Bank plc. (The interest rate will also apply tojudgment debts, if applicable.)LotEach separate property described in the catalogue or (as the case maybe) the property that the seller has agreed to sell and the buyer to buy(including chattels, if any).Old arrearsArrears due under any of the tenancies that are not “new tenancies” asdefined by the Landlord and Tenant (Covenants) Act 1995.ParticularsThe section of the catalogue that contains descriptions of each lot (asvaried by any addendum).PractitionerAn insolvency practitioner for the purposes of the Insolvency Act 1986(or, in relation to jurisdictions outside the United Kingdom, any similarofficial).PriceThe price that the buyer agrees to pay for the lot. Ready to complete Ready, willing and able to complete: if completion would enable the sellerto discharge all financial charges secured on the lot that have to bedischarged by completion, then those outstanding financial charges donot prevent the seller from being ready to complete.Sale conditionsThe general conditions as varied by any special conditions or addendum.Sale memorandumThe form so headed (whether or not set out in the catalogue) in whichthe terms of the contract for the sale of the lot are recorded.SellerThe person selling the lot. If two or more are jointly the seller theirobligations can be enforced against them jointly or against each of themseparately.Special conditionsThose of the sale conditions so headed that relate to the lot.TenanciesTenancies, leases, licences to occupy and agreements for lease and anydocuments varying or supplemental to them.Tenancy scheduleThe tenancy schedule (if any) forming part of the special conditions.TransferTransfer includes a conveyance or assignment (and “to transfer” includes“to convey” or “to assign”).TUPEThe Transfer of Undertakings (Protection of Employment) Regulations2006.VATValue Added Tax or other tax of a similar nature.VAT optionAn option to tax.We (and us and our)The auctioneers.You (and your)Someone who has a copy of the catalogue or who attends or bids at theauction, whether or not a buyer.

AUCTION CONDUCT CONDITIONSA1 INTRODUCTIONA1.1 Words in bold type have special meanings, which are defined in

the Glossary.A1.2 The catalogue is issued only on the basis that you accept these

auction conduct conditions. They govern our relationship withyou and cannot be disapplied or varied by the sale conditions(even by a condition purporting to replace the whole of theCommon Auction Conditions). They can be varied only if weagree.

A2 OUR ROLEA2.1 As agents for each seller we have authority to: (a) prepare the catalogue from information supplied by or on

behalf of each seller; (b) offer each lot for sale; (c) sell each lot; (d) receive and hold deposits; (e) sign each sale memorandum; and (f) treat a contract as repudiated if the buyer fails to sign a sale

memorandum or pay a deposit as required by these auctionconduct conditions.

A2.2 Our decision on the conduct of the auction is final.A2.3 We may cancel the auction, or alter the order in which lots are

offered for sale. We may also combine or divide lots. A lot maybe sold or withdrawn from sale prior to the auction.

A2.4 You acknowledge that to the extent permitted by law we oweyou no duty of care and you have no claim against us for any loss.

A3 BIDDING AND RESERVE PRICESA3.1 All bids are to be made in pounds sterling exclusive of any

applicable VAT.A3.2 We may refuse to accept a bid. We do not have to explain why.A3.3 If there is a dispute over bidding we are entitled to resolve it, and

our decision is final.A3.4 Unless stated otherwise each lot is subject to a reserve price

(which may be fixed just before the lot is offered for sale). If nobid equals or exceeds that reserve price the lot will bewithdrawn from the auction.

A3.5 Where there is a reserve price the seller may bid (or ask us oranother agent to bid on the seller’s behalf) up to the reserveprice but may not make a bid equal to or exceeding the reserveprice. You accept that it is possible that all bids up to the reserveprice are bids made by or on behalf of the seller.

A3.6 Where a guide price (or range of prices) is given that guide is theminimum price at which, or range of prices within which, theseller might be prepared to sell at the date of the guide price. Butguide prices may change. The last published guide price willnormally be at or above any reserve price, but not always – as

the seller may fix the final reserve price just before biddingcommences

A4 THE PARTICULARS AND OTHER INFORMATIONA4.1 We have taken reasonable care to prepare particulars that

correctly describe each lot. The particulars are based oninformation supplied by or on behalf of the seller. You need tocheck that the information in the particulars is correct.

A4.2 If the special conditions do not contain a description of the lot,or simply refer to the relevant lot number, you take the risk thatthe description contained in the particulars is incomplete orinaccurate, as the particulars have not been prepared by aconveyancer and are not intended to form part of a legalcontract.

A4.3 The particulars and the sale conditions may change prior to theauction and it is your responsibility to check that you have thecorrect versions.

A4.4 If we provide information, or a copy of a document, provided byothers we do so only on the basis that we are not responsiblefor the accuracy of that information or document.

A5 THE CONTRACTA5.1 A successful bid is one we accept as such (normally on the fall of

the hammer). This condition A5 applies to you if you make thesuccessful bid for a lot.

A5.2 You are obliged to buy the lot on the terms of the salememorandum at the price you bid plus VAT (if applicable).

A5.3 You must before leaving the auction: (a) provide all information we reasonably need from you to

enable us to complete the sale memorandum (including proof ofyour identity if required by us);

(b) sign the completed sale memorandum; and (c) pay the deposit.A5.4 If you do not we may either : (a) as agent for the seller treat that failure as your repudiation of

the contract and offer the lot for sale again: the seller may thenhave a claim against you for breach of contract; or

(b) sign the sale memorandum on your behalf.A5.5 The deposit: (a) is to be held as stakeholder where VAT would be chargeable

on the deposit were it to be held as agent for the seller, butotherwise is to be held as stated in the sale conditions; and

(b) must be paid in pounds sterling by cheque or by bankers’draft made payable to us on an approved financial institution.The extra auction conduct conditions may state if we accept anyother form of payment.

A5.6 We may retain the sale memorandum signed by or on behalf ofthe seller until the deposit has been received in cleared funds.

A5.7 If the buyer does not comply with its obligations under thecontract then:

(a) you are personally liable to buy the lot even if you are actingas an agent; and

(b) you must indemnify the seller in respect of any loss the sellerincurs as a result of the buyer’s default.

A5.8 Where the buyer is a company you warrant that the buyer isproperly constituted and able to buy the lot.

A6 EXTRA AUCTION CONDUCT CONDITIONSA6.1 Despite any special condition to the contrary the minimum

deposit we accept is £3,000 (or the total price, if less). A specialcondition may, however, require a higher minimum deposit.

GENERAL CONDITIONS OF SALE Words in bold type have special meanings, which are defined in

the Glossary

G1. THE LOT G1.1 The lot (including any rights to be granted or reserved, and any

exclusions from it) is described in the special conditions, or if notso described the lot is that referred to in the sale memorandum.

G1.2 The lot is sold subject to any tenancies disclosed by the specialconditions, but otherwise with vacant possession on completion.

G1.3 The lot is sold subject to all matters contained or referred to inthe documents, but excluding any financial charges: these theseller must discharge on or before completion.

G1.4 The lot is also sold subject to such of the following as may affectit, whether they arise before or after the contract date andwhether or not they are disclosed by the seller or are apparentfrom inspection of the lot or from the documents:

(a) matters registered or capable of registration as local landcharges;

(b) matters registered or capable of registration by any competentauthority or under the provisions of any statute;

(c) notices, orders, demands, proposals and requirements of anycompetent authority;

(d) charges, notices, orders, restrictions, agreements and othermatters relating to town and country planning, highways orpublic health;

(e) rights, easements, quasi-easements, and wayleaves; (f) outgoings and other liabilities; (g) any interest which overrides, within the meaning of the Land

Registration Act 2002; (h) matters that ought to be disclosed by the searches and

enquiries a prudent buyer would make, whether or not thebuyer has made them; and

(i) anything the seller does not and could not reasonably knowabout.

G1.5 Where anything subject to which the lot is sold would expose theseller to liability the buyer is to comply with it and indemnify theseller against that liability.

G1.6 The seller must notify the buyer of any notices, orders, demands,proposals and requirements of any competent authority of whichit learns after the contract date but the buyer must comply withthem and keep the seller indemnified.

G1.7 The lot does not include any tenant’s or trade fixtures or fittings. G1.8 Where chattels are included in the lot the buyer takes them as

they are at completion and the seller is not liable if they are notfit for use.

Common Auction Conditions (Edition 3)REPRODUCED WITH THE CONSENT OF THE RICS


G1.9 The buyer buys with full knowledge of: (a) the documents, whether or not the buyer has read them; and (b) the physical condition of the lot and what could reasonably be

discovered on inspection of it, whether or not the buyer hasinspected it.

G1.10 The buyer is not to rely on the information contained in theparticulars but may rely on the seller’s conveyancer’s written repliesto preliminary enquiries to the extent stated in those replies.

G2. DEPOSIT G2.1 The amount of the deposit is the greater of: (a) any minimum deposit stated in the auction conduct

conditions (or the total price, if this is less than that minimum);and

(b) 10% of the price (exclusive of any VAT on the price).G2.2 The deposit (a) must be paid in pounds sterling by cheque or banker’s draft

drawn on an approved financial institution (or by any othermeans of payment that the auctioneers may accept); and

(b) is to be held as stakeholder unless the auction conductconditions provide that it is to be held as agent for the seller.

G2.3 Where the auctioneers hold the deposit as stakeholder they areauthorised to release it (and interest on it if applicable) to theseller on completion or, if completion does not take place, to theperson entitled to it under the sale conditions.

G2.4 If a cheque for all or part of the deposit is not cleared on firstpresentation the seller may treat the contract as at an end andbring a claim against the buyer for breach of contract.

G2.5 Interest earned on the deposit belongs to the seller unless thesale conditions provide otherwise.

G3. BETWEEN CONTRACT AND COMPLETION G3.1 Unless the special conditions state otherwise, the seller is to

insure the lot from and including the contract date to completionand:

(a) produce to the buyer on request all relevant insurance details; (b) pay the premiums when due; (c) if the buyer so requests, and pays any additional premium, use

reasonable endeavours to increase the sum insured or makeother changes to the policy;

(d) at the request of the buyer use reasonable endeavours to havethe buyer’s interest noted on the policy if it does not cover acontracting purchaser ;

(e) unless otherwise agreed, cancel the insurance at completion,apply for a refund of premium and (subject to the rights of anytenant or other third party) pay that refund to the buyer; and

(f) (subject to the rights of any tenant or other third party) holdon trust for the buyer any insurance payments that the sellerreceives in respect of loss or damage arising after the contractdate or assign to the buyer the benefit of any claim;

and the buyer must on completion reimburse to the seller thecost of that insurance (to the extent not already paid by the buyeror a tenant or other third party) for the period from and includingthe contract date to completion.

G3.2 No damage to or destruction of the lot nor any deterioration inits condition, however caused, entitles the buyer to any reductionin price, or to delay completion, or to refuse to complete.

G3.3 Section 47 of the Law of Property Act 1925 does not apply. G3.4 Unless the buyer is already lawfully in occupation of the lot the

buyer has no right to enter into occupation prior to completion.

G4. TITLE AND IDENTITY G4.1 Unless condition G4.2 applies, the buyer accepts the title of the

seller to the lot as at the contract date and may raise norequisition or objection except in relation to any matter thatoccurs after the contract date.

G4.2 If any of the documents is not made available before the auctionthe following provisions apply:

(a) The buyer may raise no requisition on or objection to any ofthe documents that is made available before the auction.

(b) If the lot is registered land the seller is to give to the buyerwithin five business days of the contract date an official copyof the entries on the register and title plan and, where notedon the register, of all documents subject to which the lot isbeing sold.

(c) If the lot is not registered land the seller is to give to the buyerwithin five business days an abstract or epitome of title startingfrom the root of title mentioned in the special conditions (or,if none is mentioned, a good root of title more than fifteenyears old) and must produce to the buyer the original or anexamined copy of every relevant document.

(d) If title is in the course of registration, title is to consist ofcertified copies of:

(i) the application for registration of title made to the landregistry;

(ii) the documents accompanying that application; (iii) evidence that all applicable stamp duty land tax relating

to that application has been paid; and (iv) a letter under which the seller or its conveyancer

agrees to use all reasonable endeavours to answer anyrequisitions raised by the land registry and to instructthe land registry to send the completed registrationdocuments to the buyer.

(e) The buyer has no right to object to or make requisitions onany title information more than seven business days after thatinformation has been given to the buyer.

G4.3 Unless otherwise stated in the special conditions the seller sellswith full title guarantee except that (and the transfer shall soprovide):

(a) the covenant set out in section 3 of the Law of Property(Miscellaneous Provisions) Act 1994 shall not extend tomatters recorded in registers open to public inspection; theseare to be treated as within the actual knowledge of the buyer;and

(b) the covenant set out in section 4 of the Law of Property(Miscellaneous Provisions) Act 1994 shall not extend to anycondition or tenant’s obligation relating to the state orcondition of the lot where the lot is leasehold property.

G4.4 The transfer is to have effect as if expressly subject to all matterssubject to which the lot is sold under the contract.

G4.5 The seller does not have to produce, nor may the buyer object toor make a requisition in relation to, any prior or superior title evenif it is referred to in the documents.

G4.6 The seller (and, if relevant, the buyer) must produce to each othersuch confirmation of, or evidence of, their identity and that of theirmortgagees and attorneys (if any) as is necessary for the other tobe able to comply with applicable Land Registry Rules whenmaking application for registration of the transaction to which theconditions apply.

G5. TRANSFER G5.1 Unless a form of transfer is prescribed by the special conditions: (a) the buyer must supply a draft transfer to the seller at least ten

business days before the agreed completion date and theengrossment (signed as a deed by the buyer if condition G5.2applies) five business days before that date or (if later) twobusiness days after the draft has been approved by the seller;and

(b) the seller must approve or revise the draft transfer within fivebusiness days of receiving it from the buyer.

G5.2 If the seller remains liable in any respect in relation to the lot (ora tenancy) following completion the buyer is specifically tocovenant in the transfer to indemnify the seller against that liability.

G5.3 The seller cannot be required to transfer the lot to anyone otherthan the buyer, or by more than one transfer.

G6. COMPLETION G6.1 Completion is to take place at the offices of the seller’s

conveyancer, or where the seller may reasonably require, on theagreed completion date. The seller can only be required tocomplete on a business day and between the hours of 0930 and1700.

G6.2 The amount payable on completion is the balance of the priceadjusted to take account of apportionments plus (if applicable)VAT and interest.

G6.3 Payment is to be made in pounds sterling and only by: (a) direct transfer to the seller’s conveyancer’s client account; and (b) the release of any deposit held by a stakeholder. G6.4 Unless the seller and the buyer otherwise agree, completion

cannot take place until both have complied with their obligationsunder the contract and the balance of the price is unconditionallyreceived in the seller’s conveyancer’s client account.

G6.5 If completion takes place after 1400 hours for a reason other thanthe seller’s default it is to be treated, for the purposes ofapportionment and calculating interest, as if it had taken place onthe next business day.

G6.6 Where applicable the contract remains in force followingcompletion.

G7. NOTICE TO COMPLETE G7.1 The seller or the buyer may on or after the agreed completion

date but before completion give the other notice to completewithin ten business days (excluding the date on which the noticeis given) making time of the essence.

G7.2 The person giving the notice must be ready to complete. G7.3 If the buyer fails to comply with a notice to complete the seller

may, without affecting any other remedy the seller has: (a) terminate the contract; (b) claim the deposit and any interest on it if held by a stakeholder; (c) forfeit the deposit and any interest on it; (d) resell the lot; and (e) claim damages from the buyer. G7.4 If the seller fails to comply with a notice to complete the buyer

may, without affecting any other remedy the buyer has: (a) terminate the contract; and (b) recover the deposit and any interest on it from the seller or, if

applicable, a stakeholder.

G8. IF THE CONTRACT IS BROUGHT TO AN END If the contract is lawfully brought to an end: (a) the buyer must return all papers to the seller and appoints the

seller its agent to cancel any registration of the contract; and (b) the seller must return the deposit and any interest on it to the

buyer (and the buyer may claim it from the stakeholder, ifapplicable) unless the seller is entitled to forfeit the depositunder condition G7.3.

G9. LANDLORD’S LICENCE G9.1 Where the lot is or includes leasehold land and licence to assign

is required this condition G9 applies. G9.2 The contract is conditional on that licence being obtained, by way

of formal licence if that is what the landlord lawfully requires. G9.3 The agreed completion date is not to be earlier than the date five

business days after the seller has given notice to the buyer thatlicence has been obtained.

G9.4 The seller must: (a) use all reasonable endeavours to obtain the licence at the seller’s

expense; and (b) enter into any authorised guarantee agreement properly

required. G9.5 The buyer must: (a) promptly provide references and other relevant information;

and (b) comply with the landlord’s lawful requirements. G9.6 If within three months of the contract date (or such longer period

as the seller and buyer agree) the licence has not been obtainedthe seller or the buyer may (if not then in breach of any obligationunder this condition G9) by notice to the other terminate thecontract at any time before licence is obtained. That termination iswithout prejudice to the claims of either seller or buyer for breachof this condition G9.

G10. INTEREST AND APPORTIONMENTS G10.1 If the actual completion date is after the agreed completion date

for any reason other than the seller’s default the buyer must payinterest at the interest rate on the price (less any deposit paid)from the agreed completion date up to and including the actualcompletion date.

G10.2 Subject to condition G11 the seller is not obliged to apportion oraccount for any sum at completion unless the seller has receivedthat sum in cleared funds. The seller must pay to the buyer aftercompletion any sum to which the buyer is entitled that the sellersubsequently receives in cleared funds.

G10.3 Income and outgoings are to be apportioned at actual completiondate unless: (a) the buyer is liable to pay interest; and (b) the seller has given notice to the buyer at any time up to

completion requiring apportionment on the date from whichinterest becomes payable by the buyer;

in which event income and outgoings are to be apportioned onthe date from which interest becomes payable by the buyer.

G10.4 Apportionments are to be calculated on the basis that: (a) the seller receives income and is liable for outgoings for the

whole of the day on which apportionment is to be made; (b) annual income and expenditure accrues at an equal daily rate

assuming 365 days in a year, and income and expenditurerelating to some other period accrues at an equal daily rateduring the period to which it relates; and

(c) where the amount to be apportioned is not known atcompletion apportionment is to be made by reference to areasonable estimate and further payment is to be made byseller or buyer as appropriate within five business days of thedate when the amount is known.

G11. ARREARS Part 1 Current rent G11.1 “Current rent” means, in respect of each of the tenancies subject

to which the lot is sold, the instalment of rent and other sumspayable by the tenant in advance on the most recent rentpayment date on or within four months preceding completion.

G11.2 If on completion there are any arrears of current rent the buyermust pay them, whether or not details of those arrears are givenin the special conditions.

G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears ofcurrent rent.

Part 2 Buyer to pay for arrears G11.4 Part 2 of this condition G11 applies where the special conditions

give details of arrears. G11.5 The buyer is on completion to pay, in addition to any other money

then due, an amount equal to all arrears of which details are setout in the special conditions.

G11.6 If those arrears are not old arrears the seller is to assign to thebuyer all rights that the seller has to recover those arrears.

Part 3 Buyer not to pay for arrears G11.7 Part 3 of this condition G11 applies where the special conditions: (a) so state; or (b) give no details of any arrears.G11.8 While any arrears due to the seller remain unpaid the buyer must: (a) try to collect them in the ordinary course of management but

need not take legal proceedings or forfeit the tenancy; (b) pay them to the seller within five business days of receipt in

cleared funds (plus interest at the interest rate calculated ona daily basis for each subsequent day’s delay in payment);

(c) on request, at the cost of the seller, assign to the seller or asthe seller may direct the right to demand and sue for oldarrears, such assignment to be in such form as the seller’sconveyancer may reasonably require;

(d) if reasonably required, allow the seller’s conveyancer to haveon loan the counterpart of any tenancy against an undertakingto hold it to the buyer’s order;

(e) not without the consent of the seller release any tenant orsurety from liability to pay arrears or accept a surrender of orforfeit any tenancy under which arrears are due; and

(f) if the buyer disposes of the lot prior to recovery of all arrearsobtain from the buyer’s successor in title a covenant in favourof the seller in similar form to part 3 of this condition G11.

G11.9 Where the seller has the right to recover arrears it must notwithout the buyer’s written consent bring insolvency proceedingsagainst a tenant or seek the removal of goods from the lot.

G12. MANAGEMENT G12.1 This condition G12 applies where the lot is sold subject to

tenancies. G12.2 The seller is to manage the lot in accordance with its standard

management policies pending completion. G12.3 The seller must consult the buyer on all management issues that

would affect the buyer after completion (such as, but not limitedto, an application for licence; a rent review; a variation, surrender,agreement to surrender or proposed forfeiture of a tenancy; or anew tenancy or agreement to grant a new tenancy) and:

(a) the seller must comply with the buyer’s reasonablerequirements unless to do so would (but for the indemnity inparagraph (c)) expose the seller to a liability that the sellerwould not otherwise have, in which case the seller may actreasonably in such a way as to avoid that liability;

(b) if the seller gives the buyer notice of the seller’s intended actand the buyer does not object within five business days givingreasons for the objection the seller may act as the sellerintends; and

(c) the buyer is to indemnify the seller against all loss or liabilitythe seller incurs through acting as the buyer requires, or byreason of delay caused by the buyer.

G13. RENT DEPOSITS G13.1 This condition G13 applies where the seller is holding or otherwise

entitled to money by way of rent deposit in respect of a tenancy. Inthis condition G13 “rent deposit deed” means the deed or otherdocument under which the rent deposit is held.

G13.2 If the rent deposit is not assignable the seller must on completionhold the rent deposit on trust for the buyer and, subject to theterms of the rent deposit deed, comply at the cost of the buyer withthe buyer’s lawful instructions.

G13.3 Otherwise the seller must on completion pay and assign its interestin the rent deposit to the buyer under an assignment in which thebuyer covenants with the seller to:

(a) observe and perform the seller’s covenants and conditions in


the rent deposit deed and indemnify the seller in respect ofany breach;

(b) give notice of assignment to the tenant; and (c) give such direct covenant to the tenant as may be required by

the rent deposit deed.

G14. VAT G14.1 Where a sale condition requires money to be paid or other

consideration to be given, the payer must also pay any VAT that ischargeable on that money or consideration, but only if given a validVAT invoice.

G14.2 Where the special conditions state that no VAT option has beenmade the seller confirms that none has been made by it or by anycompany in the same VAT group nor will be prior to completion.

G15. TRANSFER AS A GOING CONCERN G15.1 Where the special conditions so state: (a) the seller and the buyer intend, and will take all practicable

steps (short of an appeal) to procure, that the sale is treatedas a transfer of a going concern; and

(b) this condition G15 applies. G15.2 The seller confirms that the seller (a) is registered for VAT, either in the seller’s name or as a

member of the same VAT group; and (b) has (unless the sale is a standard-rated supply) made in relation

to the lot a VAT option that remains valid and will not berevoked before completion.

G15.3 The buyer confirms that: (a) it is registered for VAT, either in the buyer’s name or as a

member of a VAT group; (b) it has made, or will make before completion, a VAT option in

relation to the lot and will not revoke it before or within threemonths after completion;

(c) article 5(2B) of the Value Added Tax (Special Provisions) Order1995 does not apply to it; and

(d) it is not buying the lot as a nominee for another person. G15.4 The buyer is to give to the seller as early as possible before the

agreed completion date evidence: (a) of the buyer’s VAT registration; (b) that the buyer has made a VAT option; and (c) that the VAT option has been notified in writing to HM

Revenue and Customs; and if it does not produce the relevantevidence at least two business days before the agreedcompletion date, condition G14.1 applies at completion.

G15.5 The buyer confirms that after completion the buyer intends to: (a) retain and manage the lot for the buyer’s own benefit as a

continuing business as a going concern subject to and with thebenefit of the tenancies; and

(b) collect the rents payable under the tenancies and charge VATon them

G15.6 If, after completion, it is found that the sale of the lot is not atransfer of a going concern then:

(a) the seller’s conveyancer is to notify the buyer’s conveyancer ofthat finding and provide a VAT invoice in respect of the sale ofthe lot;

(b) the buyer must within five business days of receipt of the VATinvoice pay to the seller the VAT due; and

(c) if VAT is payable because the buyer has not complied with thiscondition G15, the buyer must pay and indemnify the selleragainst all costs, interest, penalties or surcharges that the sellerincurs as a result.

G16. CAPITAL ALLOWANCES G16.1 This condition G16 applies where the special conditions state

that there are capital allowances available in respect of the lot. G16.2 The seller is promptly to supply to the buyer all information

reasonably required by the buyer in connection with the buyer’sclaim for capital allowances.

G16.3 The value to be attributed to those items on which capitalallowances may be claimed is set out in the special conditions.

G16.4 The seller and buyer agree: (a) to make an election on completion under Section 198 of the

Capital Allowances Act 2001 to give effect to this conditionG16; and

(b) to submit the value specified in the special conditions to HMRevenue and Customs for the purposes of their respectivecapital allowance computations.

G17. MAINTENANCE AGREEMENTS G17.1 The seller agrees to use reasonable endeavours to transfer to the

buyer, at the buyer’s cost, the benefit of the maintenanceagreements specified in the special conditions.

G17.2 The buyer must assume, and indemnify the seller in respect of, allliability under such contracts from the actual completion date.

G18. LANDLORD AND TENANT ACT 1987 G18.1 This condition G18 applies where the sale is a relevant disposal

for the purposes of part I of the Landlord and Tenant Act 1987. G18.2 The seller warrants that the seller has complied with sections 5B

and 7 of that Act and that the requisite majority of qualifyingtenants has not accepted the offer.

G19. SALE BY PRACTITIONER G19.1 This condition G19 applies where the sale is by a practitioner

either as seller or as agent of the seller. G19.2 The practitioner has been duly appointed and is empowered to

sell the lot. G19.3 Neither the practitioner nor the firm or any member of the firm

to which the practitioner belongs has any personal liability inconnection with the sale or the performance of the seller’sobligations. The transfer is to include a declaration excluding thatpersonal liability.

G19.4 The lot is sold: (a) in its condition at completion; (b) for such title as the seller may have; and (c) with no title guarantee; and the buyer has no right to terminate the contract or any other

remedy if information provided about the lot is inaccurate,incomplete or missing.

G19.5 Where relevant: (a) the documents must include certified copies of those under

which the practitioner is appointed, the document ofappointment and the practitioner’s acceptance ofappointment; and

(b) the seller may require the transfer to be by the lenderexercising its power of sale under the Law of Property Act1925.

G19.6 The buyer understands this condition G19 and agrees that it is fairin the circumstances of a sale by a practitioner.

G20. TUPE G20.1 If the special conditions state “There are no employees to which

TUPE applies”, this is a warranty by the seller to this effect. G20.2 If the special conditions do not state “There are no employees to

which TUPE applies” the following paragraphs apply: (a) The seller must notify the buyer of those employees whose

contracts of employment will transfer to the buyer oncompletion (the “Transferring Employees”). This notificationmust be given to the buyer not less than 14 days beforecompletion.

(b) The buyer confirms that it will comply with its obligationsunder TUPE and any special conditions in respect of theTransferring Employees.

(c) The buyer and the seller acknowledge that pursuant andsubject to TUPE, the contracts of employment between theTransferring Employees and the seller will transfer to the buyeron completion.

(d) The buyer is to keep the seller indemnified against all liabilityfor the Transferring Employees after completion.

G21. ENVIRONMENTAL G21.1 This condition G21 only applies where the special conditions so

provide. G21.2 The seller has made available such reports as the seller has as to

the environmental condition of the lot and has given the buyer theopportunity to carry out investigations (whether or not the buyerhas read those reports or carried out any investigation) and thebuyer admits that the price takes into account the environmentalcondition of the lot.

G21.3 The buyer agrees to indemnify the seller in respect of all liabilityfor or resulting from the environmental condition of the lot.

G22. SERVICE CHARGE G22.1 This condition G22 applies where the lot is sold subject to

tenancies that include service charge provisions. G22.2 No apportionment is to be made at completion in respect of

service charges. G22.3 Within two months after completion the seller must provide to

the buyer a detailed service charge account for the service chargeyear current on completion showing:

(a) service charge expenditure attributable to each tenancy; (b) payments on account of service charge received from each

tenant; (c) any amounts due from a tenant that have not been received; (d) any service charge expenditure that is not attributable to any

tenancy and is for that reason irrecoverable. G22.4 In respect of each tenancy, if the service charge account shows

that: (a) payments on account (whether received or still then due from

a tenant) exceed attributable service charge expenditure, theseller must pay to the buyer an amount equal to the excesswhen it provides the service charge account;

(b) attributable service charge expenditure exceeds payments onaccount (whether those payments have been received or arestill then due), the buyer must use all reasonable endeavoursto recover the shortfall from the tenant at the next servicecharge reconciliation date and pay the amount so recoveredto the seller within five business days of receipt in clearedfunds;

but in respect of payments on account that are still due from atenant condition G11 (arrears) applies.

G22.5 In respect of service charge expenditure that is not attributable toany tenancy the seller must pay the expenditure incurred inrespect of the period before actual completion date and thebuyer must pay the expenditure incurred in respect of the periodafter actual completion date. Any necessary monetary adjustmentis to be made within five business days of the seller providing theservice charge account to the buyer.

G22.6 If the seller holds any reserve or sinking fund on account of futureservice charge expenditure or a depreciation fund:

(a) the seller must pay it (including any interest earned on it) tothe buyer on completion; and

(b) the buyer must covenant with the seller to hold it inaccordance with the terms of the tenancies and to indemnifythe seller if it does not do so.

G23. RENT REVIEWS G23.1 This condition G23 applies where the lot is sold subject to a

tenancy under which a rent review due on or before the actualcompletion date has not been agreed or determined.

G23.2 The seller may continue negotiations or rent review proceedingsup to the actual completion date but may not agree the level ofthe revised rent or commence rent review proceedings withoutthe written consent of the buyer, such consent not to beunreasonably withheld or delayed.

G23.3 Following completion the buyer must complete rent reviewnegotiations or proceedings as soon as reasonably practicable butmay not agree the level of the revised rent without the writtenconsent of the seller, such consent not to be unreasonablywithheld or delayed.

G23.4 The seller must promptly: (a) give to the buyer full details of all rent review negotiations and

proceedings, including copies of all correspondence and otherpapers; and

(b) use all reasonable endeavours to substitute the buyer for theseller in any rent review proceedings.

G23.5 The seller and the buyer are to keep each other informed of theprogress of the rent review and have regard to any proposals the

other makes in relation to it. G23.6 When the rent review has been agreed or determined the buyer

must account to the seller for any increased rent and interestrecovered from the tenant that relates to the seller’s period ofownership within five business days of receipt of cleared funds.

G23.7 If a rent review is agreed or determined before completion butthe increased rent and any interest recoverable from the tenanthas not been received by completion the increased rent and anyinterest recoverable is to be treated as arrears.

G23.8 The seller and the buyer are to bear their own costs in relation torent review negotiations and proceedings.

G24. TENANCY RENEWALS G24.1 This condition G24 applies where the tenant under a tenancy has

the right to remain in occupation under part II of the Landlord andTenant Act 1954 (as amended) and references to notices andproceedings are to notices and proceedings under that Act.

G24.2 Where practicable, without exposing the seller to liability orpenalty, the seller must not without the written consent of thebuyer (which the buyer must not unreasonably withhold or delay)serve or respond to any notice or begin or continue anyproceedings.

G24.3 If the seller receives a notice the seller must send a copy to thebuyer within five business days and act as the buyer reasonablydirects in relation to it.

G24.4 Following completion the buyer must: (a) with the co-operation of the seller take immediate steps to

substitute itself as a party to any proceedings; (b) use all reasonable endeavours to conclude any proceedings or

negotiations for the renewal of the tenancy and thedetermination of any interim rent as soon as reasonablypracticable at the best rent or rents reasonably obtainable; and

(c) if any increased rent is recovered from the tenant (whether asinterim rent or under the renewed tenancy) account to theseller for the part of that increase that relates to the seller’speriod of ownership of the lot within five business days ofreceipt of cleared funds.

G24.5 The seller and the buyer are to bear their own costs in relation tothe renewal of the tenancy and any proceedings relating to this.

G25. WARRANTIES G25.1 Available warranties are listed in the special conditions. G25.2 Where a warranty is assignable the seller must: (a) on completion assign it to the buyer and give notice of

assignment to the person who gave the warranty; and (b) apply for (and the seller and the buyer must use all reasonable

endeavours to obtain) any consent to assign that is required. Ifconsent has not been obtained by completion the warrantymust be assigned within five business days after the consenthas been obtained.

G25.3 If a warranty is not assignable the seller must after completion: (a) hold the warranty on trust for the buyer; and (b) at the buyer’s cost comply with such of the lawful instructions

of the buyer in relation to the warranty as do not place theseller in breach of its terms or expose the seller to any liabilityor penalty.

G26. NO ASSIGNMENT The buyer must not assign, mortgage or otherwise transfer or part

with the whole or any part of the buyer’s interest under thiscontract.

G27. REGISTRATION AT THE LAND REGISTRY G27.1 This condition G27.1 applies where the lot is leasehold and its sale

either triggers first registration or is a registrable disposition. Thebuyer must at its own expense and as soon as practicable:

(a) procure that it becomes registered at Land Registry asproprietor of the lot;

(b) procure that all rights granted and reserved by the lease underwhich the lot is held are properly noted against the affectedtitles; and

(c) provide the seller with an official copy of the register relatingto such lease showing itself registered as proprietor.

G27.2 This condition G27.2 applies where the lot comprises part of aregistered title. The buyer must at its own expense and as soon aspracticable:

(a) apply for registration of the transfer; (b) provide the seller with an official copy and title plan for the

buyer’s new title; and (c) join in any representations the seller may properly make to

Land Registry relating to the application.

G28. NOTICES AND OTHER COMMUNICATIONS G28.1 All communications, including notices, must be in writing.

Communication to or by the seller or the buyer may be given toor by their conveyancers.

G28.2 A communication may be relied on if: (a) delivered by hand; or (b) made electronically and personally acknowledged (automatic

acknowledgement does not count); or (c) there is proof that it was sent to the address of the person to

whom it is to be given (as specified in the sale memorandum)by a postal service that offers normally to deliver mail the nextfollowing business day.

G28.3 A communication is to be treated as received: (a) when delivered, if delivered by hand; or (b) when personally acknowledged, if made electronically; but if delivered or made after 1700 hours on a business day a

communication is to be treated as received on the next businessday.

G28.4 A communication sent by a postal service that offers normally todeliver mail the next following business day will be treated asreceived on the second business day after it has been posted.

G29. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 No one is intended to have any benefit under the contract

pursuant to the Contract (Rights of Third Parties) Act 1999.

Non-Attending Bid or Telephone BidPlease also sign and return the reverse side of this form

Name:

AUTHORISATION FOR BIDDING BY PROXY OR TELEPHONE

Name of Company (if applicable):

Of (address):

Postcode:

Mobile:Tel:

Email:

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

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

Lot No.:

PROPERTY AND BID DETAILS

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 0.3% inc VAT, subject to aminimum of £720.00 (£600.00 + VAT Administration Charge).

Signed:

My cheque of £

I attach a blank cheque to be completed by the Auctioneer if my bid is successful, within which he will include anAdministration fee of 0.3% inc VAT subject to a minimum of £720.00 (£600.00 + VAT).

OR

is made payable to AUCTION HOUSE (N&NS) LTD

(amount if applicable)

SOLICITORS

My solicitors are:

Of (address):

Postcode:

Person Acting:Tel:

Date:

PLEASE MARK THE ENVELOPE EITHER PROXY OR TELEPHONE BID

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

TERMS AND CONDITIONS FOR TELEPHONE BIDS AND BIDDING BY LETTERAnyone 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 accountcheque 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. We will require proof of identity in the form of a driving licence or passport and a utility bill.

2. The form must be sent to, or delivered to: Written & Telephone Bids, Auction House, The Barn, Newmarket Road, Cringleford,Norwich NR4 6UE to arrive before 6pm two working days prior to the start of the auction. It is the bidders responsibility to checkthat the form is received by Auction House and this can be done by telephoning the office.

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

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

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

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

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

8. 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 Administrationcharge of 0.3% inc VAT of the purchase price, subject to a minimum of £720.00 (£600.00 + VAT) should be added to the deposit chequeor a separate cheque should be made payable to Auction House (N&NS) Ltd.

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

10. The Auctioneer will make no charge to a prospective purchaser for this service and will accept no liability whatsoever for any bid notbeing 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.Theprospective purchaser will be advised if the relevant lot has been successfully purchased on his behalf as soon as possible after theauction. Where the lot has not been purchased the prospective purchaser will be notified by post and the deposit returned as soonas reasonably possible.

11. 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.

12. The authority can only be withdrawn by notification in writing delivered to Auction House at their office two hours before the startof the auction on the day the relevant Lot is scheduled to be auctioned, or by delivery into the hands of the Auctioneer in theauction 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 thewithdrawal notification signed by one of the Auctioneers and without such a receipt the authority stands, any successful Contract isbinding on the bidder.

13. If the bidder, or an agent, actually bids at the auction without having previously withdrawn the authority, the Auctioneer is at liberty toaccept such bid in addition to any bid from Auction House staff as empowered under the written authority. Auction House will haveno liability whatsoever if the price achieved is the result only of this competition in bidding without intervention from other bidders.

14. 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 andunderstood the above terms and conditions to bid by letter.

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

Please sign this page and ensure the form overleaf is completed

property auction experts - locally, regionally, nationally

40 Belvoir Street, Norwich NR2 3AYGuide: £140,000 - £160,000

6 Primrose Crescent, Thorpe St Andrew,Norwich NR7 0SEGuide: £135,000

61c Havelock Road, Norwich NR2 3HQGuide: £110,000 - £120,000

61b Havelock Road, Norwich NR2 3HQGuide: £100,000 - £110,000

SOLD£150,500

SOLD£153,000

SOLD£122,000

SOLD£108,500

2 Bell Road, Norwich NR3 4RAGuide: £120,000 - £140,000

Land rear of 21 Hellesdon Road, Norwich NR6 5EB

Guide: £140,000 - £160,000

10 Market Place, Bungay NR35 1AWGuide: £60,000

2 Upper Olland Street, Bungay NR35 1BGGuide: £40,000 - £50,000

SOLD£137,000

SOLD£155,000

SOLD£80,000

SOLD£50,000

87 Holt Road, Fakenham NR21 8DZGuide: £120,000 - £140,000

1 – 26 Riverside Industrial Estate, Gorleston NR31 6PUGuide: £75,000+

16 North Denes, Great YarmouthNR30 4LW

Guide: £100,000 - £120,000

Evening Sun, The Crescent, WalcottNR12 0NH

Guide: £100,000 - £125,000

SOLD£153,000

SOLD£96,000

SOLD£110,000

SOLD£132,000

15 The Anchorage, Whapload Road, Lowestoft NR32 1XL

Guide: £50,000 - £60,000

195 Spixworth Road, Old Catton NR6 7DYGuide: £100,000 - £120,000

Flat 15, Thoroughfare, Halesworth, Suffolk IP19 8AH

Guide: £50,000 - £60,000

17 Bergholt Road, Colchester CO4 5AAGuide: £180,000 - £200,000

SOLD£63,000

SOLDAFTER

SOLD£86,000

SOLD£220,000

187 Ranelagh Road, Ipswich, Suffolk IP2 0AH

Guide: £95,000 - £110,000

7 Curf Terrace, Chatteris, CambridgeshirePE16 6UB

Guide: £95,000

31 Castle Square, Wyberton West Road,Boston PE21 7JQGuide: £55,000

8 Dover Road, Walton, Peterborough PE4 6JFGuide: £110,000

SOLD£119,000

SOLD£100,000

SOLD£73,000

SOLD£126,500

Auction Results8TH & 9TH DECEMBER 2016

Ipswich

Ipswich

East Anglia

Be

ccles

Be

ccles

Downham Market

ambridgeshire

Thetford

Braintree

King’s Lynn

Lowestoft

wich

Attleborough

Sto

wm

arke

t

Wym

on

dh

am

CromerEast Anglia

East Anglia

Ca

mb

ridg

e

Essex

March

Fake

nh

am

Holt

Watton

Watton

Colchester

Attle

bo

rou

gh

a

m

Downham Market

Downham Market

Ca

mb

ridg

esh

ire

Great Yarmouth

Great Yarmouth

Essex

Wym

on

dh

am

SudburyMarch

Gre

at Ya

rmo

uth

Norfolk

Wisbech

Aylsham

Suffolk

Suffolk

Ipswich

Ipswich

East Dereham

Ea

st An

glia

t

Ea

st An

glia

Norfolk Sw

aff

ha

m

ng

ay

Suffolk

Wat

March

March

Norwich

ThetfWatto

n

North East No

rfolk

No

rfolk

Ea

st An

glia

Sheringham

Sheringham

Norwich

BungayCambridge

Aylsham

Aylsham

Essex

Attleboro

Cromer

Braintree

Nottinghamshire

Norwich

Lo

Swaffham

Swaffham

Swaffham

Cro

me

r

Cro

me

r

Nottinghamshire

Wisbech

Watton

Norwich

Colchester

ug

h

Ea

st De

reh

am

March

Cromer

Cromer

Ea

st De

reh

am

Ea

st De

reh

am

Essex

WymondhamN

Aylsham

Ipswich

King’s Lynn

Norwich

Norwich

Su

db

ury

Wisb

ech

Low

esto

ft

rfolk

Th

etfo

rdNorfolk

Sw

aff

ha

m

Esse

x

Esse

x

’s Lynn

King’s Lynn

Suffolk

AUCTION DATES5th April 2017 Norwich5th April 2017 Ipswich

7th April 2017 Peterborough24th May 2017 Ipswich

25th May 2017 Norwich26th May 2017 King’s Lynn

The most suitable properties for auction include:

Properties for ImprovementTenanted Properties

Residential InvestmentsDevelopment Propositions

Building LandMixed Use Properties

Commercial InvestmentsUnique Properties

Land (Development or Greenfield)Lock Up Garages

Property Auction Expertslocally, regionally

& nationally

The Barn, Newmarket Road,Cringleford, Norwich NR4 6UETel: 01603 505100 Email: [email protected]

17 Neptune Quay, Ipswich IP4 1QJTel: 01473 558888Email: [email protected].

Stuart House, St John’s Street, Peterborough PE1 5DD Tel: 01733 889833Email: [email protected]

auctionhouse.co.uk/eastanglia

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