AUCTIONWednesday 24 September 2014 at 5.00pm

Leicester Racecourse Oadby, Leicester LE2 4AL

SINCE 1990

Legal Documents:For all the properties offered for sale the Special Conditions of

Sale and the legal documents will be available for inspection

prior to the Auction. If you are interested in any of the lots the

legal documents will be available to download or alternatively

please make an appointment to view these at our office.

Viewings:All properties can be viewed before the Auction, to arrange

viewings please contact the office (0116) 254 3373.

Buying At Auctions (pages 4 and 5):

Please do read the Buying at Auctions Important Notice to

Bidders to familiarise yourself with the Auction procedure.

Check Addendum List:Any changes or alterations that your purchase will be subject

to will be specified on an addendum sheet.

Proxy / Telephone Bidding:If you cannot attend the Auction you may arrange to make a

proxy or telephone bid. This facility needs to agreed by prior

arrangement. Please contact us for a registration form.

Check Availability of Lots:Do check lots have not been sold or withdrawn prior

to Auction.

Auction Contract:If you are the successful bidder you will be required to

complete the Auction contract, supply the deposit and the

buyer’s fee with 2 forms of identification on the day of

purchase.

Deposit:A 10% (minimum £1,000) deposit is required on the fall of

the hammer. Cheques should be made payable to “Shonki

Brothers Limited” and drawn on a UK clearing bank. All

cheques are presented the following day and therefore you

should ensure that you have adequate funds in your account.

Please note we do not accept cash, but credit/debit cards

facilities are available but may be subject to a fee.

Completion:Completion is normally 28 days from the day of the sale,

unless specified otherwise in the contract, when the

balance will be required.

Finally, please arrive on time so that you are able to read the addendum / alteration list, look through the legal documents if you

have not already done so and check any changes made to the order of sale. If you require any further information please do not

hesitate to contact the office and we will do all we can to assist you.

We are currently taking entries for our next Auction to be held on Wednesday 26 November 2014,

so do contact us if you are considering selling and require an Auction appraisal.

My staff and I look forward to welcoming you on Wednesday 24 September 2014.

K S Sangra FRICS FNAVA

Auctioneer

Welcome to our September 2014 Auction – I am pleased to be able to report that in

our June auction we achieved a 90% success rate which is a good indication as any that

property sales continue to rise. Residential property prices are expected to have increased

by 9.5% by the end 2014 which is higher than initially predicted. It will be interesting to see

how the Bank of England introducing a cap on the number of high loan to value mortgages

and the impending interest rate rise will affect growth.

The number of mortgages approved dropped slightly in July, although this was still higher

than in the months following the introduction of new lending rules at the end of April and

12% more than the same time a year ago. The rules introduced aim to reduce household

indebtedness by limiting the amount mortgage customers can borrow to 4.5 times their

salary and by also by conducting a “stress test” to ensure that, even if interest rates rise

3%, they will still be able to afford the repayments. The Help to Buy scheme being available

until March 2016 will mean that first time buyers will continue to enter the market.

We continue to see increased sales of buy to let properties and mortgage approvals have

been reported to be 52% more than a year ago. Buy to let mortgages are not subject to the

same conditions as mortgages for owner occupation.

Our catalogue contains 14 competitively priced lots and include both residential and commercial lots for all types of buyers,

so do not lose the opportunity to purchase.

Please register your interest to what is sure to be another successful auction. If you are thinking of buying do take note

of the following:

Auction: Wednesday 24 September 2014

4, New to Auctions? If you would like to discuss

. We will be available from 3.30 pm at the Auction

Auction: Wednesday 24 September 2014

Order of Sale

AUCTION VENUE:

Leicester Racecourse, Oadby, Leicester LE2 4AL

LOT PROPERTY ADDRESS

1 13, 15, 17 Ashtree Road, Cosby, Leicester LE9 1UA

2 302 Aylestone Road, Leicester LE2 8BJ

3 2a Greendale Road, Glen Parva, Leicester LE2 9HB

4 48 Ashby Road, Coalville, Leicestershire LE67 3LA

5 87 Wand Street, Belgrave, Leicester LE4 5BW

6 52-54 Belgrave Gate, Leicester LE1 3GP

7 10, 12, 14, 16-18 Derwent Drive, Loughborough, Leicestershire LE11 3RJ

8 7 Allandale Road, Stoneygate, Leicester LE2 2DA

9 24-26 Trelowarren Street, Camborne, Cornwall TR14 8AN

10 Land adjacent to 1 Abingdon Road, Leicester LE2 1HA

11 35 Wand Street, Belgrave, Leicester LE4 5BT

12 4 Southfields Avenue, Oadby, Leicester LE2 5GL

13 33 College Street, Leicester LE2 0JH

14 132 Melrose Street, Leicester LE4 6FB

PROXY / TELEPHONE BIDDING

If you can’t attend the auction?We recommend that you attend the auction to bid. If you cannot attend, you can still bid in the auction by arranging: Proxy Bidding: The auctioneer (as your agent) will bid on your behalf up to an agreed limit.Telephone Bidding: You give bids over the telephone during the auction.Via Representation: You appoint a person to bid on your behalf. These facilities need to be arranged 48 hours prior to the auction. You will be required to:

Complete a registration form.

Provide a signed cheque for 10% deposit (minimum £1,000, whichever is greater) and buyers premium of £540 (including VAT).

Provide identity documents for all parties involved in the transaction.

These need to be received at least 2 days before the auction.

PROXY

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Please contact us on (0116) 254 3373 for a registration form

Reason to sell by Auction: Immediate exchange of contracts with a 10% deposit

Fixed completion date normally 20 working days thereafter

Guaranteed sale on the fall of the gavel

You are not relying on one purchaser

Maximum price is achievable through competitive bidding

There is an extensive marketing campaign

Auctions generally attract more potential buyers

For our April and June 2014 Auctions in excess of 1,500 catalogues were distributed, the auction was attended by over 300 prospective

buyers and a sale success rate of over 85% was achieved

When it comesto propertyauctions...

...trust the experts

0116 254 3373info@shonkibrothers.com

Are you thinking of selling...Our results speak for themselves

26 November 2014Entries are now being taken for our next Auction

LOT PROPERTY ADDRESS RESULT

1 Land off Chatsworth Road & Walcot Way, Stamford, Lincolnshire PE9 2UR SOLD

2 52 Stretton Road, Leicester LE3 6BJ SOLD

3 10, 12 & 14 Bowling Green Street, Leicester LE1 6AT SOLD

4 43 Felstead Road, Leicester LE4 2GR UNDER OFFER

5 Land between Casterton Road & Chatsworth Road, Stamford, Lincolnshire PE9 2UH SOLD

6 42 Lansdowne Road, Aylestone, Leicester LE2 8AQ SOLD

7 120-134 Wharf Street North, Leicester LE1 2AB AVAILABLE

8 Land on Chatsworth Road & Rockingham Road, Stamford, Lincolnshire PE9 2UN SOLD

9 Land on Kingsthorpe Close, Nottingham NG3 3AZ WITHDRAWN PRIOR

10 32A Uplands Road, Oadby, Leicester LE2 4NS WITHDRAWN

11 Land to the Rear of 59 Salcombe Drive, Glenfield, Leicester LE3 8AG SOLD

12 Land on Haddon Road, Stamford, Lincolnshire PE9 2UP SOLD

13 44 Lansdowne Road, Aylestone, Leicester LE2 8AQ SOLD

14 4, 6 & 8 Cranbrook Road, Thurnby, Leicester LE7 9UA SOLD

15 169A London Road, Leicester LE2 1EG SOLD

16 3 Fleetwood Road, Clarendon Park, Leicester LE2 1YA WITHDRAWN

17 35 Epsom Road, Belgrave, Leicester LE4 5DB SOLD

18 Land on North Side of Casterton Road, Stamford, Lincolnshire PE9 2XX SOLD

19 65, 65A, 67, 67A, 69, 69A, 71 & 71A Gedding Road, North Evington, Leicester LE5 5DU SOLD

20 25 Pinfold Gate, Loughborough, Leicestershire LE11 1BE SOLD

21 76 Nansen Road, North Evington, Leicester LE5 5NJ SOLD

A 19 Malvern Road, Mapperley, Nottingham NG3 5GZ SOLD

B Lyndale House, 363 Derby Road, Lenton, Nottingham NG7 2DZ SOLD

Entrie

AUCTION RESULTS – 18TH JUNE 2014

PLEASE NOTE THAT YOU WILL BE UNABLETO BID WITHOUT THESE DOCUMENTS

PROOF OF IdentityPlease note that any person buying or bidding at

our Auction MUST produce documentation to

confirm their identity and residential address for us

to attach to the contract:

Identity Document

• Valid passport

• Valid photo driving licence (not provisional)

Proof of Address

• Original bank statement/utility bill/credit union

statement (not printed off the internet and dated

within last 3 months)

• Valid (old style) driving licence (not provisional)

Please contact us on (0116) 254 3373 for a registration form

PROXY / TELEPHONE BIDDING

If you can’t attend the auction? PROOF OF Identity

PLEASE NOTE THAT YOU WILL BE UNABLE TO BID WITHOUT THESE

DOCUMENTS

Please note that any person buying or bidding at

our Auction MUST produce documentation to

confirm their identity and residential

address for us to attach to the

contract:

Identity Document• Valid passport

• Valid photo driving licence

(not provisional)

Proof of Address• Original bank statement/

utility bill/credit union statement

(not printed off the internet and

dated within last 3 months)

• Valid (old style) driving licence (not provisional)

We recommend that you attend the auction to bid. If you

cannot attend, you can still bid in the auction by arranging:

Proxy Bidding: The auctioneer (as your agent) will bid

on your behalf up to an agreed limit.

Telephone Bidding: You give bids over the telephone

during the auction.

Via Representation: You appoint a person to bid on

your behalf.

These facilities need to be arranged 48 hours prior to the

auction. You will be required to:

Complete a registration form.

Provide a signed cheque for 10% deposit

(minimum £1,000, whichever is greater) and buyers

premium of £540 (including VAT). Provide identity documents for all parties involved

in the transaction.

These need to be received at least 2 days before the auction.

IDENTITY DOCUMENTS: • Valid photo card driving licence• Valid passport• Armed forces ID card• Firearms or shotgun certificate• EU member state identity card• Residence permit issued by the Home Office together with

own country’s passport• A government issued document (without a photograph) if

it has your full name AND SUPPORTED BY a document having full name and date of birth or full name and residential address.

EVIDENCE OF ADDRESS: • Recent local council tax bill • Current full driving licence (if not used for identity)• State pension benefit documentation• Most recent original mortgage statement from a recognised

lender• Local council or housing association rent card or tenancy

agreement• Inland revenue self-assessment statement, tax demand,

notification of PAYE coding, tax credit notification

IN THE CASE OF A LIMITED COMPANY YOU MUST PROVIDE:• A corporation certificate• VAT certificate• Evidence of Directors identity and address as mentioned• A letter of authority from the company will also be required and customer due diligence on the beneficial owner, that is the person

or persons controlling the business.

IN ADDITION:• If a bidder is acting as an agent on behalf of another party, they will be required to provide the documents detailed above for both

themselves (the agent) and the principal, as well as provide a valid letter of authority from the principal authorising them to bid on their behalf.

• If a bidder is acting on behalf of a company, the above documents will still be required along with written authority from the company.

PLEASE NOTE THAT ONLY THE ABOVE DOCUMENTS WILL BE ACCEPTED AT THE AUCTION

MONEY LAUNDERING REGULATIONS 2007New Anti-Money Laundering Regulations came into effect from December 15th 2007 which affect both estate agents and auctioneers. There isnow a requirement that Shonki Brothers Ltd confirms the identity of its clients, therefore we will carry out checks on both vendors and buyers.

In order to comply with these regulations, all buyers must always provide Shonki Brothers Ltd auction team with the following documents: A photocopy will be taken as part of the auction control process.

PROOF OF IDENTITY & PROOF OF CURRENT RESIDENTIAL ADDRESS:

Directions to Leicester Racecourse

A U C T I O N V E N U E

55 London Road, Leicester LE2 0PE

Tel: 0116 254 3373 Fax: 0116 285 4491

Email: info@shonkibrothers.com

www.shonkibrothers.com