Professional Documents
Culture Documents
the notices below apply to all properties within this catalogue and are essential reading before you bid.
Please also check www.strettons.co.uk for updates.
AUCTION TELEPHONE 1. Properties are offered subject to the common 5. some sellers require the buyer to contribute towards their
auction conditions (edition 3 august 2009) which are legal/administrative costs by specifying an additional
020 7637 4000 reproduced with the consent of the royal institution of
chartered surveyors.
amount payable on completion. if applicable then it
will be detailed in the special conditions of sale
central House these conditions have three main sections: applying to that lot.
189-203 Hoe street a. Glossary 6. No employee of the auctioneers has the authority to
london e17 3sZ this gives special meanings to some words used make or give any representation or warranty about
in the rest of the conditions. any of the lots to be offered.
And;
b. the conduct of the auction 7. the successful bidder must pay the deposit by
7-10 chandos street these conditions regulate the conduct of the auction. personal bank debit card (but not business debit or
cavendish square if you read our catalogue or attend the auction you credit card), bankers draft, building society draft or
london W1G 9dQ do so on the basis that you accept them. by cheque. if this requirement is not complied with
c. conditions of sale then we reserve the right to offer the lot elsewhere
also; or again by auction and claim any loss from you. drafts
if you buy you will sign a sale memorandum under
EAST & NORTH LONDON which you agree to be bound by the conditions of should be made payable to strettons. We are unable
sale for that lot. these conditions are: to accept the deposit payment in cash.
020 8520 9911
General conditions that apply to all lots. 8. if you are successful in the bidding then you have
CITy & CITy fRINgE entered into a binding contract to purchase the
Any extra conditions in the catalogue or an addendum.
020 7375 1801 lot subject to the conditions of sale. you must
Special conditions that only apply to the lot you are
wEST END buying (and which may vary the general conditions). immediately give to the auctioneers clerk your name
and address and that of your solicitor, provide two
020 7637 8080 these conditions are legally binding. forms of proof of identity to include both the
ESSEX & HERTS 2. a prudent buyer before bidding will: name and address of the buyer, pay the 10%
01279 451835 Take professional advice from a solicitor and, in deposit (or 2,000 whichever is the greater) and sign
appropriate cases, a surveyor and an accountant. the sale memorandum before leaving the room.
STRATfORD
Read the conditions. 9. if you are successful then, unless otherwise stated in
020 8522 4666 Inspect the lot. the conditions of sale, the lot will be at your risk upon
the fall of the gavel and so you are recommended to
www.strettons.co.uk Carry out usual searches and make usual enquiries.
Check the content of all documents. arrange insurance as soon as possible. there will be
an insurance desk at the auction from where in most
auctions@strettons.co.uk Check the accuracy of the catalogue.
cases immediate cover may be arranged.
Have finance available for the deposit and the
DIRECTORS purchase price. 10. each successful buyer will be required to pay to
benjamin tobin BSc FRICS FNARA strettons a BuYers AdMinistrAtion Fee of
Check whether VAT registration and election is
Philip J Waterfield bsc Frics 600 including vAt on exchange of contracts for
advisable.
simon e d tilsiter bsc Frics each lot purchased (or 300 for transactions of
the conditions assume that the buyer has acted less than 10,000).
Francis c Hunter bsc Frics
like a prudent buyer. if you choose to buy a lot
mark r bolton bsc mrics
without taking these normal precautions you do 11. No responsibility is accepted for any information
mark r iliffe bsc mrics
so at your own risk. unless taken from our own catalogue or web site, or
christopher J m collins specifically provided by a member of the strettons
Neal matthews bsc mrics 3. there may be updates to information issued auction team.
mark H shaw bsc Frics aciarb
either in this catalogue or elsewhere. a notice
detailing such changes will be available at the 12. most sellers will not allow us to release keys until after
Genevive mariner bsc Frics
auction, or an announcement may be made from completion. in other cases we will only release keys
Philip costa bsc mrics aciarb
the rostrum. updates are also posted on-line at after deposits have cleared which will usually be two
James r bacon ba bsc mrics
www.strettons.co.uk you are advised to check with or three days and then only with the sellers consent.
Gary Powis bsc mrics
us on arrival at the auction as to whether there are 13. some of the lots in this catalogue may be in poor
ASSOCIATE DIRECTORS any changes affecting the lot for which you intend to repair. Please take care when inspecting. all viewings
ian mann bsc mrics bid. if you do bid you will be assumed to do so with are undertaken entirely at your own risk.
Giles owens mrics knowledge of any such changes. you should also
christopher d cornhill check whether a lot in which you are interested has 14. Guide prices are for guidance purposes only, and
Nicholas duck bsc PGdip mrics been withdrawn or sold prior. represent the range within which the reserve (the
Peter J costello bsc mrics irrV minimum figure at which a lot can be sold) may be set
4. Photographs or plans are for identification purposes at the time of catalogue printing. Guides may change
Jonathan P cuthbert msc only to assist you in the location of the property and
Paul Quy at any time before the auction, and properties could
they are not intended to show the interest to be sold.
simon isaacs ba (Hons) PG dip mrics sell above or below the figures quoted, but we do
Such photographs and plans are expressly excluded
Jeremy Feingold update them on our auction web site each working day
from the contract of sale. location plans are
suzanna lewis ba (Hons) diptP dipPd mrtPi mrics up to the last such day before the auction, and they
reproduced with permission of ordnance survey under
are shown on the printed auction day announcement
NON-EXECUTIvE DIRECTORS licence number es100004608. all measurements and
sheet. if a change occurs after this publication deadline
Peter G tobin bsc mPhil Frics Fciarb dimensions are approximate. No services or systems
then an announcement will be made from the rostrum.
Philip P tobin Frics mciarb (e.g. central heating, fire and burglar alarms) have
been tested. the accommodation describes the if the guide price is stated as a single figure then the
Graham r slyper Frics irrV reserve will be within 10% of the stated figure.
number of rooms as currently arranged. a statement
fINANCIAL CONTROLLER for one lot does not imply that it does/does not apply 15. the word equivalent in relation to rent means the
Kirit K Jethwa to another. corresponding annual amount due.
HEAD Of OPERATIONS
ray taylor
BY ORDER OF
Various mortgagees, receivers, public and private companies, trustees, executors,
housing associations, charities and others, including:
Grainger Plc
for auction
HOW TO GET THERE
By LONdON UNdERgROUNd central London. The Central
enquiries
Nearest tube: line connects Essex to West
Covent garden and Holborn London via the City and central
London. Heathrow airport is
Covent Garden Underground
approximately 40 minutes by
station (Piccadilly line) is a
tube from Covent Garden.
CALL THE AUCTION TEAM TODAY ON short walk from the venue.
1
* The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
With 32 years of short term lending experience - we know the market.
Interest charged from 0.99% per calendar month. Typically, no arrangement fees*,
no extension fees and no end fees, subject to status. Overall cost for comparison of 12.4%.
You speak to the people who make the decisions, a quick and personal service.
Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on
it. A rate from 0.99% will be chargeable on the amount borrowed every calendar month. However rates are subject to
change and will increase or decrease in line with movements in 3m LIBOR (The London Inter-Bank Offered Rate For
Three Month Sterling Deposits). Rates will be adjusted on each calendar month anniversary of the facility. The overall
cost for comparison is 12.4% APR. *A 200 admin fee will be payable on completion of the bridging loan.
MEET THE TEAM
AUCTION AND INVESTMENTS
020 7637 4000
A WARM WELCOME
AND INTRODUCTION FROM
OUR AUCTION DIRECTOR
gILES OWENS MRICS BARRy WISE FNAEA
Associate Director and Auction Surveyor Welcome to our third sale of 2016, We look forward to seeing you on
Auction Surveyor
approaching half way through our 23rd May but dont forget that, if you
85th year. are unable to come and bid in person,
we can organise a telephone or proxy
With the new stamp duty surcharge bid. Just contact us in good time to
on second homes now in place we make arrangements. Also, if you are
wait to see what impact it will have on new to auctions we have plenty of
this sector of the market, especially information on our web site to guide
for buy-to-lets which are going to be you through the process and run a free
SAM HARBORNE ROBERT WOOLfE BSc
Auction Surveyor Auction Surveyor squeezed further when proposed tax Behind the Scenes seminar before
allowances are reduced and the wear each auction for anyone to attend.
and tear allowance scrapped. It may
be, of course, that potential capital
growth, especially in London, will
offset any effects of these changes.
C ome and jo in
Administrator (Accounts) Administrator (West End Office)
business leaders, perhaps it should th e S ce n es
ind
be called the Hokey Cokey, since inform a l Beh io n day.
.30am on auct
depending on who you listen to there semin a r at 9
email
is no firm consensus as to whether
are lim ited. To join us
Pl ac es w it h BTS
re ttons.co.uk
we should be in or out. Whatever the
n s@ st
au ct io ur n ame,
t ti tle and yo
outcome, I question whether it will
in th e subjec num be r.
e and co n tact
affect UK property investment which
has stood the test of time. company n am
NICK dUCK BSc (Hons) PGDip MRICS
Head of West End Agency
3
* The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
east & north london | city & city fringe | west end | essex & herts | stratford
PRIVATE TREATY
INDUSTRIAL UNIT WITH YARD & OFFICE SPACE
FOOD PRODUCTION/WAREHOUSE RETAIL PREMISES FOR SALE CHARACTER STUDIO FOR SALE
LONg LEASEHOLD MIxED USE INvESTMENT INvESTMENT FOR SALE FREEHOLD RESIDENTIAL INvESTMENT
4
foR AUCTION
moRE InfoRmATIon
ENQUIRIES: 020 7637 4000 And oPPoRTunITIEs PlEAsE VIsIT www.strettons.co.uk
* The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
Auction finance
+ The 101
customers we
were delighted
to support
Our expert Auction Finance team are proud to
in March
say that they helped exactly 101 customers in
March with funding for their property purchases.
When the clock is ticking, our common-sense
approach and confident decision-making means
we can give you the answers you need, when you
need them. Whatever your individual circumstances,
were on hand before, during and after an auction
to help find the funding thats right for you.
LOT ADDRESS
1 77 Huddlestone Road, Forest Gate, E7 0AW 24 181 Homerton High Street, Hackney, E9 6BB
2 43R Conway Road, Tottenham, N15 3BB 25 19 Haringey Park, Crouch End, N8 9HY
3 1 Forest Glade, Leytonstone, E11 1LU 26 195 & 197 Lewisham Way, Lewisham, SE4 1UY
4 27 Lea Hall Road, Leyton, E10 7AR 27 131-135 Kenton Road, Harrow, Middlesex, HA3 0AZ
5 134 Brookscroft Road, Walthamstow, E17 4JR 28 44 Ilford Hill, Ilford, Essex, IG1 2AT
6 69 Burwell Road, Leyton, E10 7QG 29 82 Lee High Road, Lewisham, SE13 5PT
7 26 Southwell Grove Road, Leytonstone, E11 4PP 30 416 Bethnal Green Road, Bethnal Green, E2 0DJ
8 33 Ashenden Road, Clapton, E5 0DP 31 101 Blackhorse Lane, Walthamstow, E17 6DJ
9 63 Chestnut Avenue, Forest Gate, E7 0JQ 32 1-2 Tudor Parade High Road, Chadwell Heath,
Essex, RM6 6PS
10 2 Queens Road, Bounds Green, N11 2QU
33 Craven Business Centre, Bentinck Street,
11 47 Canford Road, Clapham, SW11 6PB Birkenhead, CH41 4HH
12 33 Lakehall Road, Thornton Heath, Surrey, CR7 7EG 34 White House, 14 Kingham Way, Luton,
Bedfordshire, LU2 7RG
13 23 Bellhouse Crescent, Leigh-on-Sea, Essex, SS9 4PT
35 53 London Road, Kings Lynn, Norfolk, PE30 5QH
14 51 Dundonald Drive, Leigh-on-Sea, Essex, SS9 1NA
36 2A Farnan Avenue, Walthamstow, E17 4NG
15 72 Commonwealth Avenue, Hayes, Middlesex, UB3 2PN
37 231B Cann Hall Road, Leytonstone, E11 3NL
16 1D School Lane, Emsworth, Hampshire, PO10 7ED
38 r/o 54 Ash Road, Stratford, E15 1HL
17 Flat 5, 1 Canham Road, South Norwood, SE25 6RZ
39 23 Beaufort Road, Kingston-upon-Thames,
Surrey, KT1 2TH
18 326A High Road, Leytonstone, E11 3HS
6
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
ALPHABETICAL INDEX
PLEASE REFER TO ADDITIONAL SHEET (IF APPLICABLE) FOR EXTRA LOTS
E2 E15 BEdfORdSHIRE
Lot 30 416 Bethnal Green Road, Lot 38 Land R/O 54 Ash Road, Stratford, Lot 34 White House 14, Kingham Way,
Bethnal Green, E2 ODJ E15 1HL Luton, Bedfordshire, LU2 7RG
ESSEX
E5 E17
Lot 28 44 Ilford Hill, Ilford, Essex, IG1 2AT
Lot 20 149 Nye Bevan Estate, Pedro Street, Lot 5 134 Brookscroft Road, Lot 32 1-2 Tudor Parade High Road, Chadwell
Clapton, E5 0AH Walthamstow, E17 4JR Heath, Essex, RM6 6PS
Lot 8 33 Ashenden Road, Clapton E5 0DP Lot 36 2A Farnan Avenue, Walthamstow, Lot 40 5/5a Tenby Close, Chadwell Heath,
E17 4NG Romford, Essex, RM6 6NP
Lot 31 101 Blackhorse Lane, Walthamstow, Lot 21 109 Tintern Avenue, Westcliff-on-Sea,
E7 E17 6DS SS0 9QG
Lot 14 51 Dundonald Drive, Leigh-on-Sea,
Lot 1 77 Huddlestone Road, Forest Gate, SS9 1NA
E7 0AW
N8 Lot 13 23 Bellhouse Crescent, Leigh-on-Sea,
Lot 9 63 Chestnut Avenue, Forest Gate SS9 4PT
E7 0JQ Lot 25 19 Haringey Park, Crouch End,
N8 9HY Lot 42 1A-1D Mowbrays Road, Collier Row,
Essex, RM5 3ET
E8
7
* The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
8
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
residential. sales | let tings | new builds
BRAND NEW LUxURY DUPLEx APARTMENT 3 BED TERRACED HOUSE BRAND NEW LUxURY DUPLEx APARTMENT
chris.chidgey@strettons.co.uk 020 8509 4406 | craig.tiller@strettons.co.uk 020 8509 4405 | stephen.agathangelou@strettons.co.uk 0208 509 4477
9
* The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
BY ORDER OF EXECUTORS
LOT 2
43R CONWAY ROAD, TOTTENHAM,
N153BB
FREEHOLD VACANT HOUSE FOR IMPROVEMENT
LOCATION & DESCRIPTION
A two storey single bay house on the north side of Conway Road,
opposite Rowley Road between Woodlands Park Road and Black
Boy Lane.
Haringay Green Lanes mainline station is approximately mile away.
ACCOMMODATION
First Floor: 3 rooms (3rd room off 2nd room)
Ground Floor: 1 room, kitchen, bathroom/WC
Central heating
Rear garden
OFFERED VACANT FOR IMPROVEMENT
NOTE
The property is accessed via a communal door.
EPC RATING: E
10
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 3
1 FOREST GLADE, LEYTONSTONE, E111LU
FREEHOLD VACANT HOUSE FOR
IMPROVEMENT/MODERNISATION
LOCATION & DESCRIPTION
A substantial end of terrace, double fronted, twin bayed house,
arranged over three floors and basement. Within the Whipps Cross
Road conservation area and overlooking part of Epping Forest. On
the south side of Forest Glade a track off Poppleton Road just to the
west of Whipps Cross Road.
ACCOMMODATION (Not inspected)
Second Floor: 3 rooms (2 with ensuite shower/WC)
First Floor: 3 rooms (all with ensuite shower/WC), kitchen,
sep. shower
Ground Floor: 3 rooms, kitchen, sep. WC
Basement: 1 room
Rear garden with shared access
OFFERED VACANT FOR IMPROVEMENT/MODERNISATION THE
PROPERTY IS SUITABLE FOR OCCUPATION OR SUBJECT TO
CONSENTS MAY BE SUITABLE FOR DEVELOPMENT
EPC RATING: On application
LOT 4
27 LEA HALL ROAD, LEYTON, E107AR
FREEHOLD VACANT HOUSE FOR
IMPROVEMENT/REPAIR
LOCATION & DESCRIPTION
A two storey single bay end of terrace house.
On the west side of Lea Hall Road off Capworth Street between
Leasowes Road and Manor Road and close to the junction of Lea
Bridge Road (A104) and Markhouse Road.
ACCOMMODATION
First Floor:
3 rooms, bathroom/WC
Ground Floor:
1 room, kitchen/diner
Front and rear gardens
OFFERED VACANT FOR IMPROVEMENT/REPAIR
EPC RATING: On application
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
11
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 5
134 BROOKSCROFT ROAD,
WALTHAMSTOW, E174JR
FREEHOLD VACANT HOUSE FOR IMPROVEMENT
LOCATION & DESCRIPTION
A single bay end of terrace house.
On the south side of Brookscroft Road off Fulbourne Road and
between Northbank Road and St John's Road.
Wood Street mainline station is approximately 1 mile away, along
with local shopping amenities.
ACCOMMODATION
First Floor:
3 rooms
Ground Floor:
2 rooms, kitchen, bathroom, sep. WC
Central heating
Front and rear gardens
OFFERED VACANT FOR IMPROVEMENT
EPC RATING: E
LOT 6
69 BURWELL ROAD, LEYTON, E107QG
FREEHOLD VACANT HOUSE FOR IMPROVEMENT
LOCATION & DESCRIPTION
A two storey double bayed terrace house.
On the east side of Burwell Road off Lea Bridge Road (A104)
between Sanderstead Road and Argall Way.
The new Lea Bridge Road mainline station which is due to open in
2016 is within close proximity.
ACCOMMODATION
First Floor:
3 rooms, bathroom/WC
Ground Floor:
2 rooms, kitchen, lean-to
Central heating
Front and rear gardens
OFFERED VACANT FOR IMPROVEMENT
EPC RATING: C
12
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 7
26 SOUTHWELL GROVE ROAD,
LEYTONSTONE, E114PP
FREEHOLD VACANT HOUSE FOR IMPROVEMENT
LOCATION & DESCRIPTION
A two storey terraced house on the south side of Southwell Grove
Road within an established residential area just east of the A12.
Leytonstone High Road station (London Overground) is within a short
walk with the main shopping area and Leytonstone underground
station (Central line) within mile.
ACCOMMODATION
First Floor: 2 bedrooms
Ground Floor: Open plan lounge/dining room, kitchen,
shower room, WC
Front and rear gardens
OFFERED VACANT FOR IMPROVEMENT. FURTHER INTERNAL
PHOTOS ON WEBSITE
EPC RATING: D
BY ORDER OF EXECUTORS
LOT 8
33 ASHENDEN ROAD, CLAPTON, E50DP
FREEHOLD VACANT HOUSE FOR
MODERNISATION
LOCATION & DESCRIPTION
A two storey terraced house on the north side of Ashenden Road
about 200m east of its junction with Glyn Road and within walking
distance of Chatsworth Road and Brooksbys Walk where local
shopping facilities and recreational amenities can be found. The area
is generally well served by public transport with Homerton
overground station within close proximity.
ACCOMMODATION (Details provided by seller)
First Floor: 3 rooms, bathroom/WC
Ground Floor: Through lounge, kitchen/diner, sep. WC
Central heating, double glazing
Front and rear gardens
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
13
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
ACCOMMODATION
First Floor: 2 bedrooms
Ground Floor: Through room (formerly two), kitchen, bathroom/WC
Rear garden
EPC RATING: On application
14
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
BY ORDER OF TRUSTEES
LOT 11
47 CANFORD ROAD, CLAPHAM, SW116PB
FREEHOLD VACANT HOUSE FOR
REPAIR/IMPROVEMENT
LOCATION & DESCRIPTION
An attractive two storey terraced house on the east side of Canford
Road between Wakehurst Road and Culmstock Road in a mainly
residential location known locally as "between the Commons"
(Clapham and Wandsworth).
Clapham Junction mainline station is about mile away to the north
west with Clapham South underground (Northern line) station a
similar distance away to the south east.
ACCOMMODATION
First Floor: 3 rooms, bathroom, sep. WC
Ground Floor: 2 rooms, kitchen/dining room, ext WC
Front and rear gardens
OFFERED VACANT FOR REPAIR/IMPROVEMENT
EPC RATING: On application
BY ORDER OF
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
15
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
BY ORDER OF
LOT 13
23 BELLHOUSE CRESCENT, LEIGH-ON-SEA,
ESSEX SS94PT
FREEHOLD VACANT BUNGALOW FOR
MODERNISATION
LOCATION & DESCRIPTION
A detached bungalow on the east side of Bellhouse Crescent which
runs between Bellhouse Lane and the Southend Arterial Road (A127)
and within close proximity of Belfairs Woods and Golf Club.
Leigh Broadway and Leigh mainline station are about 1 miles to the
south.
ACCOMMODATION
3 rooms, kitchen/diner, bathroom/WC
Front and rear gardens, with potential for off street parking.
Potential to extend subject to the usual consents.
OFFERED VACANT FOR MODERNISATION
EPC RATING: On application
JOINT AUCTIONEER
Hunt Roche
Tel: 01702 522210
BY ORDER OF
LOT 14
51 DUNDONALD DRIVE, LEIGH-ON-SEA,
ESSEX SS91NA
FREEHOLD VACANT DETACHED BUNGALOW FOR
MODERNISATION
LOCATION & DESCRIPTION
A detached bungalow on the west side of Dundonald Drive which
runs between London Road and Leigh Road within a predominantly
residential area close to the fashionable shops, restaurants and bars
of the Broadway and about mile from Chalkwell mainline station
and the Esplanade.
The popular seaside resort of Southend-on-Sea is about 2 miles to
the east.
ACCOMMODATION
4 rooms, kitchen, bathroom, sep. WC, 2 conservatories
Double glazing
Garage to side with driveway
Front and rear gardens
OFFERED VACANT FOR MODERNISATION
EPC RATING: G
16
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 15
72 COMMONWEALTH AVENUE, HAYES,
MIDDLESEX UB32PN
FREEHOLD RESIDENTIAL INVESTMENT
LOCATION & DESCRIPTION
A semi-detached house within a residential area on the west side of
Commonwealth Avenue. Close to the junction with Judge Heath
Lane which connects to the A437, one of the principal local routes
leading to Heathrow Airport 4 miles away and, via the A312,
connecting to Junction 3 of the M4 approximately 2 miles to the
south.
ACCOMMODATION
First Floor:
3 rooms, bathroom/WC
Ground Floor:
Through room (formerly 2), kitchen
Front garden with off street parking
Rear garden
Subject to an AST (holding over) from December 2014 at 1,150
pcm.
EQUIVALENT TO 13,800 p.a.
EPC RATING: On application
LOT 16
1D SCHOOL LANE, EMSWORTH,
HAMPSHIRE PO107ED
FREEHOLD HOUSE LET ON AST
LOCATION & DESCRIPTION
A semi detached 3-bedroom house with an attached garage within a
quiet residential cul-de-sac off Emsworth High Street. Emsworth is a
small attractive town in the south east corner of Hampshire close to
the borders with West Sussex and lies at the northern end of
Chichester Harbour.
The property is a short walk from the shops and facilities of the High
Street. The town has good transport connections lying to the south
of the A27 whilst the property is about mile south of Emsworth
mainline station.
ACCOMMODATION
First Floor: 3 rooms, bathroom/WC
Ground Floor:1 reception, kitchen/breakfast room, sep. WC, lean-to
conservatory.
Side garage, off road parking, rear garden.
Subject to an AST at 2,100 pcm
EQUIVALENT TO 25,200 p.a.
EPC RATING: On application
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
17
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 17
FLAT 5, 1 CANHAM ROAD, SOUTH
NORWOOD, SE256RZ
LONG LEASEHOLD VACANT FLAT
LOCATION & DESCRIPTION
A first floor self-contained flat within a detached block in a popular
residential area west of Whitehorse Lane, within close proximity of
Grangewood Park and about mile from Norwood Junction mainline
station.
ACCOMMODATION
Studio room including kitchen, bathroom/WC
OFFERED VACANT
LEASE DETAILS
125 years from 2015 at a current ground rent of 250 p.a.
EPC RATING: E
LOT 18
326A HIGH ROAD, LEYTONSTONE, E113HS
LONG LEASEHOLD VACANT FLAT FOR
IMPROVEMENT
LOCATION & DESCRIPTION
A self-contained ground floor flat within a two storey terraced
property.
On the east side of High Road Leytonstone between Selby Road and
Ranelagh Road and within a mile of Leytonstone underground station
(Central line).
ACCOMMODATION
2 rooms, kitchen/diner, bathroom/WC
Sole use of rear garden
OFFERED VACANT FOR IMPROVEMENT
LEASE DETAILS
Approximately 92 years unexpired
EPC RATING: D
18
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 19
619B HIGH ROAD, LEYTON, E106RF
LEASEHOLD VACANT FLAT
LOCATION & DESCRIPTION
A second (top) floor self-contained flat above commercial premises.
On the west side of High Road Leyton (A112), on the corner with
Coopers Lane opposite Leyton Midland Road mainline station and
the new Bellway Homes development of houses and flats.
ACCOMMODATION
3 rooms, kitchen, bathroom/WC
Central heating, double glazing
OFFERED VACANT
LEASE DETAILS
99 years from 25.12.1985
NOTE
1. Access to the property is via Coopers Lane
2. The freeholder is currently carrying out major works to the
building, more information can be found in the legal pack.
EPC RATING: D
LOT 20
149 NYE BEVAN ESTATE, PEDRO STREET,
CLAPTON, E50AH
LONG LEASEHOLD SPLIT-LEVEL FLAT LET ON
ASTS
LOCATION & DESCRIPTION
A large self-contained, split-level purpose-built flat on the upper floors
of this four storey block overlooking Pedro Street.
Just south of Lea Bridge Road (A104) and reached via Chatsworth
Road then Millfields Road, with Clapton mainline station being about
mile away and the Olympic Park being just to the south east.
ACCOMMODATION
Upper (top) Floor: 3 rooms, bathroom, sep. WC
Lower Floor: 1 room divided into 2 rooms, kitchen
Small balcony, central heating, double glazing, entry phone.
The flat is let on four AST's at a total current rent of 2,300 pcm.
(inclusive) but the seller advises he receives 2,280 pcm. (inclusive).
EQUIVALENT TO 27,360 p.a.
LEASE DETAILS
125 years from 1984
NOTE
Viewings all at 10am
Monday 9th, Friday 13th, Monday 16th & Friday 20th
EPC RATING: On application
JOINT AUCTIONEER
Dandor Properties
Tel: 020 7294 7557
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
19
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 21
109 TINTERN AVENUE, WESTCLIFF-ON-SEA,
ESSEX SS09QG
LEASEHOLD VACANT FLAT
LOCATION & DESCRIPTION
A well presented ground floor self-contained flat on the east side of
Tintern Avenue about 100 yards south of its junction with Fairfax
Drive.
The area is generally well served by public transport and local
shopping facilities whilst slightly further afield extensive shopping
and recreational amenities can be found at Southend on Sea.
ACCOMMODATION
Entrance hall, central heating, double glazing, lounge, kitchen,
bedroom, bathroom/WC.
Private rear garden
OFFERED VACANT FOR OWNER OCCUPATION OR
INVESTMENT . FURTHER INTERNAL PHOTOS ON WEBSITE.
LEASE DETAILS
128 years from 01.11.1986
EPC RATING: D
LOT 22
91 LAVENDER GROVE, HACKNEY, E83LR
FREEHOLD RESIDENTIAL INVESTMENT -
REGULATED
LOCATION & DESCRIPTION
A two storey single bay terraced house.
On the north side of Lavender Grove between Mapledene Road and
Middleton Road.
Within close proximity of London Fields and approximately mile
from London Fields mainline station.
ACCOMMODATION
First Floor: 2 rooms
Half Landing: 1 room, bathroom/WC
Ground Floor: Through lounge, kitchen/diner
Some original features
Cellar
Central heating
Front and rear gardens
Subject to a regulated tenancy at a rent of 622 pcm
(effective 13.06.2015)
EQUIVALENT TO 7,464 p.a.
EPC RATING: On application
JOINT AUCTIONEER
Bunch & Duke
Attn: Julian Mason 020 8986 3521
20
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 23
95 LAVENDER GROVE, HACKNEY, E83LR
FREEHOLD RESIDENTIAL INVESTMENT -
REGULATED
LOCATION & DESCRIPTION
A two storey single bay terraced house.
On the north side of Lavender Grove between Mapledene Road and
Middleton Road.
Within close proximity of London Fields and approximately mile
from London Fields mainline station.
ACCOMMODATION
First Floor: 2 rooms
Half Landing: 1 room, bathroom/WC
Ground Floor: Through lounge, kitchen/diner
Some original features
Cellar
Front and rear gardens
Subject to a regulated tenancy at a rent of 712 pcm
(effective 28.01.2015)
EQUIVALENT TO 8,544 p.a.
EPC RATING: On application
JOINT AUCTIONEER
Bunch & Duke
Attn: Julian Mason 020 8986 3521
LOT 24
181 HOMERTON HIGH STREET, HACKNEY,
E96BB
FREEHOLD RESIDENTIAL INVESTMENT -
REGULATED
LOCATION & DESCRIPTION
A two storey single bay terraced house.
On the north side of Homerton High Street opposite Homerton
Hospital between Roding Road and Glyn Road and under mile of
Homerton mainline station.
ACCOMMODATION
First Floor: 3 rooms, kitchen (off 3rd room)
Ground Floor: Through room, dining room, bathroom, sep. WC
Cellar
Rear garden
Subject to a regulated tenancy at a rent of 135 per week
(effective 01.11.2014)
EQUIVALENT TO 7,020 p.a.
EPC RATING: On application
JOINT AUCTIONEER
Bunch & Duke
Attn: Julian Mason 020 8986 3521
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
21
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 25
19 HARINGEY PARK, CROUCH END, N89HY
SHARE OF FREEHOLD FLAT LET ON AST
LOCATION & DESCRIPTION
An upper ground floor self-contained flat in an attractive detached
property in a conservation area.
On the north side of Haringey Park off Crouch Hill within a short walk
of the shops, bars and restaurants in The Broadway. Crouch Hill
overground station is about mile away to the south.
ACCOMMODATION
2 rooms, kitchen, bathroom/WC
Some original features
Central heating, entry phone
The flat is subject to an AST (with S21 issued) with the seller
receiving 798 pcm
EQUIVALENT TO 9,576 p.a.
LEASE DETAILS
Share of freehold (lease has 70 years unexpired)
NOTE
See website for viewing times
EPC RATING: On application
22
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 27
131-135 KENTON ROAD, HARROW,
MIDDLESEX, HA30AZ
LONG LEASEHOLD COMMERCIAL INVESTMENT
LOCATION & DESCRIPTION
A ground floor double shop forming part of a purpose built mixed use
development within this popular mixed commercial/residential area
about 10 miles north west of Central London. On the south side of
Kenton Road (A4006), adjacent to Kenton mainline and underground
station (Bakerloo line) and within mile of both Northwick Park
Hospital and Northwick Park underground station (Metropolitan line).
ACCOMMODATION (Based on VOA website)
Ground Floor Double Shop:
1,690 sq ft (157 sq m)
Let on a repairing and insuring lease to Human Concern (with
Guarantor) for 15 years from 15.10.2012 at 29,000 p.a. Rent
reviews 2017 and 2022. Mutual Break Clause 15.10.2017 subject to
6 months written notice.
EQUIVALENT TO 29,000 p.a. RISING TO 30,000 P.A. IN
OCTOBER 2016
LEASE DETAILS
999 years from 13.07.2007 at a peppercorn.
NOTE
1. Rent deposit of 13,500 held.
2. Shop lease excluded from sections 24-28 of the Landlord & Tenant
Act 1954 (security of tenure).
EPC RATING: C
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
23
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 29
82 LEE HIGH ROAD
LEWISHAM
SE135PT
FREEHOLD
COMMERCIAL/RESIDENTIAL
INVESTMENT PLUS
VACANT SPLIT LEVEL
FLAT
Freehold Investment
Busy Location
Equivalent Income
36,200 p.a.
24
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 30
416 BETHNAL GREEN
ROAD
BETHNAL GREEN
E20DJ
FREEHOLD COMMERCIAL
INVESTMENT PLUS
GROUND RENT
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
25
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 31
101 BLACKHORSE
LANE
WALTHAMSTOW
E176DJ
FREEHOLD COMMERCIAL
INVESTMENT WITH
RESIDENTIAL PLANNING
PERMISSION
26
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
27
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 33
CRAVEN BUSINESS
CENTRE,
BENTINCK STREET
BIRKENHEAD
CH414HH
FREEHOLD PART VACANT
COMMERCIAL
INVESTMENT
28
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 34
WHITE HOUSE, 14 KINGHAM WAY, LUTON,
BEDFORDSHIRE LU27RG
FREEHOLD VACANT LIGHT INDUSTRIAL/OFFICE
LOCATION & DESCRIPTION
A refurbished two storey light industrial unit within a local
commercial area to the north side and off Reginald Street close to
Old Bedford Road, about mile north of Luton town centre and
mainline station.
The property was most recently used for the preparation and cooking
of food. With two loading doors to ground floor and an external
staircase to first floor there is potential to sub-divide.
ACCOMMODATION
First Floor: 1,654 sq ft (154 sq m)
Ground Floor: 2,081 sq ft (193 sq m)
Total: 3,735 sq ft (347 sq m)
Yard to the side of property providing parking for 5/6 cars.
OFFERED VACANT FOR OCCUPATION OR INVESTMENT
EPC RATING: F
LOT 35
53 LONDON ROAD, KING'S LYNN,
NORFOLK PE305QH
FREEHOLD VACANT SHOP & UPPER PARTS PLUS
STORE REQUIRING IMPROVEMENT
LOCATION & DESCRIPTION
A substantial three storey end of terrace property with a rear two
storey addition. On the east side of London Road within a mixed use
conservation area and next door to Pizza Hut, about mile south of
King's Lynn town centre close to it's junction with Guanock Terrace
which also provides separate access to the rear addition.
London Road (A148) is the main arterial route leading into the town
centre from the south, the A10 & A47. King's Lynn is about 100
miles north of London, 30 miles east of Peterborough and 40 miles
west of Norwich.
ACCOMMODATION
We understand the accommodation comprises:
Second Floor: 4 rooms 490 sq ft (45.6 sq m)
First Floor: 4 rooms 490 sq ft (40.8 sq m)
Ground Retail/Store: 861 sq ft (80.1 sq m)
Rear Store First Floor: 485 sq ft (45.3 sq m)
Rear Store Ground Floor: 295 sq ft (27.6 sq m)
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
29
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 36
2A FARNAN AVENUE, WALTHAMSTOW,
E174NG
FREEHOLD VACANT SITE WITH PLANNING
PERMISSION FOR A DETACHED HOUSE
LOCATION & DESCRIPTION
A level rectangular site on the west side of Farnan Avenue close to
its junction with Forest Road opposite Falmer Road.
Walthamstow Central bus, underground and mainline stations are
within mile along with the High Street and The Mall shopping
centre.
SITE AREA: (from digital mapping)
950 sq ft (89 sq m)
PLANNING
Planning permission has been granted by the London Borough of
Waltham Forest (ref: 2014/1376) subject to a s.106 Agreement and
CIL for the erection of a two storey 2-bedroom dwelling house with
first floor terraced area and basement.
OFFERED VACANT WITH PLANNING PERMISSION
LOT 37
231B CANN HALL ROAD, LEYTONSTONE,
E113NL
LONG LEASEHOLD GARAGE/STORE
LOCATION & DESCRIPTION
A single storey garage/store under a flat roof, to the rear of 231 Cann
Hall Road accessed via Odessa Road and within close proximity of
High Road Leytonstone and Wanstead Flats.
ACCOMMODATION
Dimension: 20' width x 17' depth (max)
GIA: 290 sq ft (27 sq m)
OFFERED VACANT WITH POTENTIAL FOR OTHER USES
SUBJECT TO THE USUAL CONSENTS
LEASE DETAILS
New 150 years lease to be granted on completion.
30
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 38
R/O 54 ASH ROAD, STRATFORD, E151HL
FREEHOLD VACANT LAND
LOCATION & DESCRIPTION
A level rectangular shaped site on the west side of Ash Road close
to its junction with Albert Square and within close proximity of
Stratford town centre and Westfield shopping centre.
The site may have potential for development subject to the usual
consents.
SITE AREA: (from digital mapping)
656 sq ft (61 sq m)
OFFERED VACANT
LOT 39
23 BEAUFORT ROAD, KINGSTON-UPON-
THAMES, SURREY KT12TH
3 FREEHOLD VACANT GARAGES PLUS GROUND
RENTS
LOCATION & DESCRIPTION
A detached three storey purpose built block comprising three self-
contained flats together with three rear garages reached via a shared
vehicular access-way.
On the east side of the northern part of Beaufort Road about 15
minutes walk from Surbiton mainline station and central Surbiton
with its numerous 'multiple' retailers and banks.
Hampton Court Palace and Park are also a short distance away and
other nearby occupiers include Surbiton High School and the
Antoinette Hotel.
ACCOMMODATION
3 lock-up garages - VACANT
3 flats each sold off on 999 year leases from 1965 at 25 p.a.
EQUIVALENT TO 75 p.a. WITH 3 VACANT GARAGES
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
31
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 40
5/5A TENBY CLOSE, CHADWELL HEATH,
ROMFORD, ESSEX RM66NP
FREEHOLD GROUND RENT INVESTMENT
LOCATION & DESCRIPTION
A freehold ground rent investment secured upon two maisonettes
within a semi-detached property.
On the north side of High Road Chadwell Heath, in a residential
cul-de-sac about 50m east of its junction with Mill Road.
ACCOMMODATION
5 Tenby Close:
1000 years from May 2015 at a ground rent of 60 p.a. and doubling
every 33 years, subject to a maximum of 480 p.a.
5a Tenby Close:
99 years from November 1984 at a ground rent of 30 p.a. for 33
years, 60 p.a. for the second 33 years and 90 p.a. for the
remainder.
LOT 41
32 STANMORE ROAD, TOTTENHAM,
N153PS
FREEHOLD GROUND RENT INVESTMENT -
3 SELF-CONTAINED FLATS
LOCATION & DESCRIPTION
A large terraced property comprising three flats on the south side of
Stanmore Road off West Green Road, a short walk from Turnpike
Lane underground station (Piccadilly line) and Wood Green High
Road.
ACCOMMODATION
Each flat is sold on a 99 year lease from 24.06.2011 at 200 p.a.
EQUIVALENT TO 600 p.a. WITH EACH LEASE HAVING 94
YEARS UNEXPIRED
32
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
AUCTION: 23rd MAY 2016
LOT 42
1A-1D MOWBRAYS ROAD, COLLIER ROW, ESSEX,
RM53ET
FREEHOLD GROUND RENT INVESTMENT
LOCATION & DESCRIPTION Flat 1B: Lease for 99 years from 10.2002
A ground rent investment secured upon at a current ground rent of 150 p.a.
four flats within a detached block. On the Flat 1C: Lease for 99 years from 03.2005
south side of Mowbrays Road close to its at a current ground rent of 150 p.a.
junction with Mashiters Hill within a Flat 1D: Lease for 141 years from 09.2010
residential area approximately mile at a peppercorn.
north of Eastern Avenue (A12). EQUIVALENT TO 450 p.a.
ACCOMMODATION
Flat 1A: Lease for 132 years from 1962 at *GUIDE PRICE: 7,000 - 8,000
a current ground rent of 150 p.a.
LOT 43
92 HAROLD ROAD, PLAISTOW, E130SF
FREEHOLD GROUND RENT INVESTMENT- 2 FLATS
LOCATION & DESCRIPTION First Floor (92a) : Sold on a 99 year lease
An mid terrace property comprising 2 self- from 11.02.1988 (about 71 years
contained flats in a residential area west unexpired) at a current ground rent of 75
of Green Street and about mile from p.a. rising.
Upton Park underground station (District EQUIVALENT TO 150 p.a. WITH BOTH
and Hammersmith & City lines). FLATS HAVING ABOUT 71 YEARS
ACCOMMODATION UNEXPIRED
Ground Floor (92): Sold on a 99 year
lease from 25.03.1988 (about 71 years
unexpired) at a current ground rent of 75
p.a. rising.
*GUIDE PRICE: 18,000 - 20,000
SHORT LEASE
OR BUYING
YOUR FREEHOLD?
For advice on lease extension or
enfranchisement, whether collectively
or individually, we would be happy
to provide advice or act on your behalf.
for more information
We provide a full service in Leasehold Reform Genevieve mariner BSc FRICS
Housing and Urban Development Act 1993 and genevieve.mariner@strettons.co.uk
www.strettons.co.uk
* The Important Notice to Prospective Buyers, including a definition of Guide Price, is printed on
33
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
AUCTION ENQUIRIES: 020 7637 4000
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
B.TOBIN & J. BACON
STRETTONS LPA RECEIVERS
58-70
S.TILSITER & J.BACON
STRETTONS LPA RECEIVERS
Freehold residential
development opportunity
For Sale
INTRODUCTION electronic mail the date of exchange is the date on which both parts have been signed (d) receive and hold deposits;
and posted or otherwise placed beyond normal retrieval. (e) sign each sale memorandum; and
The Common Auction Conditions have been produced for real estate auctions
in England and Wales to set a common standard across the industry. They are in
documents (f) treat a contract as repudiated if the buyer fails to sign a sale
Documents of title (including, if title is registered, the entries on the register and memorandum or pay a deposit as required by these auction conduct
three sections:
the title plan) and other documents listed or referred to in the special conditions conditions.
Glossary relating to the lot.
A2.2 Our decision on the conduct of the auction is final.
The glossary gives special meanings to certain words used in both sets of conditions. financial charge
A2.3 We may cancel the auction, or alter the order in which lots are offered for
A charge to secure a loan or other financial indebtedness (not including a rent charge).
Auction Conduct Conditions general conditions
sale. We may also combine or divide lots. A lot may be sold or withdrawn
from sale prior to the auction.
The Auction Conduct Conditions govern the relationship between the auctioneer That part of the sale conditions so headed, including any extra general conditions.
and anyone who has a catalogue, or who attends or bids at the auction. They cannot A2.4 You acknowledge that to the extent permitted by law we owe you no duty
be changed without the auctioneers agreement. interest rate of care and you have no claim against us for any loss.
If not specified in the special conditions, 4% above the base rate from time to A3 Bidding and reserve prices
We recommend that these conditions are set out in a two-part notice to bidders in
time of Barclays Bank plc. (The interest rate will also apply to judgment debts, if
the auction catalogue, part one containing advisory material which auctioneers can A3.1 All bids are to be made in pounds sterling exclusive of any applicable VAT.
applicable.)
tailor to their needs and part two the auction conduct conditions. A3.2 We may refuse to accept a bid. We do not have to explain why.
lot
Sale Conditions Each separate property described in the catalogue or (as the case may be) A3.3 If there is a dispute over bidding we are entitled to resolve it, and our
The Sale Conditions govern the agreement between each seller and buyer. They the property that the seller has agreed to sell and the buyer to buy (including decision is final.
include general conditions of sale and template forms of special conditions of sale, chattels, if any). A3.4 Unless stated otherwise each lot is subject to a reserve price (which may be
tenancy and arrears schedules and a sale memorandum. old arrears fixed just before the lot is offered for sale). If no bid equals or exceeds that
Arrears due under any of the tenancies that are not new tenancies reserve price the lot will be withdrawn from the auction.
GLOSSARY as defined by the Landlord and Tenant (Covenants) Act 1995. A3.5 Where there is a reserve price the seller may bid (or ask us or another agent
This glossary applies to the auction conduct conditions and the sale conditions. particulars to bid on the sellers behalf) up to the reserve price but may not make a bid
The section of the catalogue that contains descriptions of each lot (as varied by equal to or exceeding the reserve price. You accept that it is possible that all
Wherever it makes sense:
any addendum). bids up to the reserve price are bids made by or on behalf of the seller.
singular words can be read as plurals, and plurals as singular words;
practitioner A3.6 Where a guide price (or range of prices) is given that guide is the minimum
a person includes a corporate body; An insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in relation price at which, or range of prices within which, the seller might be prepared
words of one gender include the other genders; to jurisdictions outside the United Kingdom, any similar official). to sell at the date of the guide price. But guide prices may change. The last
references to legislation are to that legislation as it may have been modified or price published guide price will normally be at or above any reserve price, but not
re-enacted by the date of the auction or the contract date (as applicable); and The price that the buyer agrees to pay for the lot. always as the seller may fix the final reserve price just before bidding
where the following words printed in bold black type appear in bold blue type they ready to complete commences.
have the specified meanings. Ready, willing and able to complete: if completion would enable the seller to A4 The particulars and other information
actual completion date discharge all financial charges secured on the lot that have to be discharged by A4.1 We have taken reasonable care to prepare particulars that correctly
The date when completion takes place or is treated as taking place for the purposes completion, then those outstanding financial charges do not prevent the seller from describe each lot. The particulars are based on information supplied by
of apportionment and calculating interest. being ready to complete. or on behalf of the seller. You need to check that the information in the
addendum sale conditions particulars is correct.
An amendment or addition to the conditions or to the particulars or to both The general conditions as varied by any special conditions or addendum. A4.2 If the special conditions do not contain a description of the lot, or simply
whether contained in a supplement to the catalogue, a written notice from the sale memorandum refer to the relevant lot number, you take the risk that the description
auctioneers or an oral announcement at the auction. The form so headed (whether or not set out in the catalogue) in which the terms of contained in the particulars is incomplete or inaccurate, as the particulars
agreed completion date the contract for the sale of the lot are recorded. have not been prepared by a conveyancer and are not intended to form part
Subject to condition G9.3: seller of a legal contract.
(a) the date specified in the special conditions; or The person selling the lot. If two or more are jointly the seller their obligations can A4.3 The particulars and the sale conditions may change prior to the auction
(b) if no date is specified, 20 business days after the contract date; but if that date be enforced against them jointly or against each of them separately. and it is your responsibility to check that you have the correct versions.
is not a business day the first subsequent business day. special conditions A4.4 If we provide information, or a copy of a document, provided by others we
approved financial institution Those of the sale conditions so headed that relate to the lot. do so only on the basis that we are not responsible for the accuracy of that
Any bank or building society that has signed up to the Banking Code or Business tenancies information or document.
Banking Code or is otherwise acceptable to the auctioneers. Tenancies, leases, licences to occupy and agreements for lease and any documents A5 The contract
arrears varying or supplemental to them.
A5.1 A successful bid is one we accept as such (normally on the fall of the
Arrears of rent and other sums due under the tenancies and still outstanding on the tenancy schedule
hammer). This condition A5 applies to you if you make the successful bid
actual completion date. The tenancy schedule (if any) forming part of the special conditions. for a lot.
arrears schedule transfer
A5.2 You are obliged to buy the lot on the terms of the sale memorandum at the
The arrears schedule (if any) forming part of the special conditions. Transfer includes a conveyance or assignment (and to transfer includes to convey price you bid plus VAT (if applicable).
auction or to assign).
The auction advertised in the catalogue. A5.3 You must before leaving the auction:
tupe
auction conduct conditions The Transfer of Undertakings (Protection of Employment) Regulations 2006. (a) provide all information we reasonably need from you to enable us to
The conditions so headed, including any extra auction conduct conditions. complete the sale memorandum (including proof of your identity if required
vat
by us);
auctioneers Value Added Tax or other tax of a similar nature.
The auctioneers at the auction. (b) sign the completed sale memorandum; and
vat option
business day An option to tax. (c) pay the deposit.
Any day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Wales; we (and us and our)
A5.4 If you do not we may either:
or (c) Good Friday or Christmas Day. The auctioneers. (a) as agent for the seller treat that failure as your repudiation of the
buyer
your (and your) contract and offer the lot for sale again: the seller may then have a claim
The person who agrees to buy the lot or, if applicable, that persons personal Someone who has a copy of the catalogue or who attends or bids at the auction, against you for breach of contract; or
representatives: if two or more are jointly the buyer their obligations can be enforced whether or not a buyer. (b) sign the sale memorandum on your behalf.
against them jointly or against each of them separately.
A5.5 The deposit:
catalogue
The catalogue to which the conditions refer including any supplement to it.
AUCTION CONDUCT CONDITIONS (a) is to be held as stakeholder where VAT would be chargeable on the
A1 Introduction deposit were it to be held as agent for the seller, but otherwise is to be held
completion
A1.1 Words in bold blue type have special meanings, which are defined in the as stated in the sale conditions; and
Unless otherwise agreed between seller and buyer (or their conveyance rs) the
occasion when both seller and buyer have complied with their obligations under Glossary. (b) must be paid in pounds sterling by cheque or by bankers draft made
the contract and the balance of the price is unconditionally received in the sellers A1.2 The catalogue is issued only on the basis that you accept these auction payable to us on an approved financial institution. The extra auction
conveyancers client account. conduct conditions. They govern our relationship with you and cannot conduct conditions may state if we accept any other form of payment.
condition be disapplied or varied by the sale conditions (even by a condition A5.6 We may retain the sale memorandum signed by or on behalf of the seller
One of the auction conduct conditions or sales conditions. purporting to replace the whole of the Common Auction Conditions). until the deposit has been received in cleared funds.
They can be varied only if we agree. A5.7 If the buyer does not comply with its obligations under the contract then:
contract
The contract by which the seller agrees to sell and the buyer agrees to buy the lot. A2 Our role (a) you are personally liable to buy the lot even if you are acting as an agent;
contract date A2.1 As agents for each seller we have authority to: and
The date of the auction or, if the lot is not sold at the auction: (a) prepare the catalogue from information supplied by or on behalf of each (b) you must indemnify the seller in respect of any loss the seller incurs as
(a) the date of the sale memorandum signed by both the seller and buyer; or seller; a result of the buyers default.
(b) if contracts are exchanged, the date of exchange. If exchange is not effected (b) offer each lot for sale; A5.8 Where the buyer is a company you warrant that the buyer is properly
in person or by an irrevocable agreement to exchange made by telephone, fax or (c) sell each lot; constituted and able to buy the lot.
36
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
A6 Extra auction conduct conditions buyer must on completion reimburse to the seller the cost of G7.3 If the buyer fails to comply with a notice to complete the seller may,
A6.1 Despite any special condition to the contrary the minimum that insurance (to the extent not already paid by the buyer or a without affecting any other remedy the seller has:
deposit we accept is 2000 (or the total price, if less). tenant or other third party) for the period from and including the (a) terminate the contract;
A special condition may, however, require a higher minimum deposit. contract date to completion. (b) claim the deposit and any interest on it if held by a stakeholder;
A6.2 The deposit will be held by the auctioneers as agents for the seller unless G3.2 No damage to or destruction of the lot nor any deterioration in its condition, (c) forfeit the deposit and any interest on it;
the sale is subject to VAT when it will be held as stakeholder. however caused, entitles the buyer to any reduction in price, or to delay
(d) resell the lot; and
completion, or to refuse to complete.
(e) claim damages from the buyer.
G3.3 Section 47 of the Law of Property Act 1925 does not apply.
GENERAL CONDITIONS OF SALE G3.4 Unless the buyer is already lawfully in occupation of the lot the buyer has
G7.4 If the seller fails to comply with a notice to complete the buyer may,
Words in bold blue type have special meanings, which are defined in the without affecting any other remedy the buyer has:
no right to enter into occupation prior to completion.
Glossary. (a) terminate the contract; and
G4. Title and identity
The general conditions (including any extra general conditions) apply to the (b) recover the deposit and any interest on it from the seller or, if applicable,
G4.1 Unless condition G4.2 applies, the buyer accepts the title of the seller to
contract except to the extent that they are varied by special conditions or by a stakeholder.
the lot as at the contract date and may raise no requisition or objection
an addendum. except in relation to any matter that occurs after the contract date. G8. If the contract is brought to an end
G1. The lot G4.2 If any of the documents is not made available before the auction the If the contract is lawfully brought to an end:
G1.1 The lot (including any rights to be granted or reserved, and any exclusions following provisions apply: (a) the buyer must return all papers to the seller and appoints the seller
from it) is described in the special conditions, or if not so described the (a) The buyer may raise no requisition on or objection to any of the its agent to cancel any registration of the contract; and
lot is that referred to in the sale memorandum. documents that is made available before the auction. (b) the seller must return the deposit and any interest on it to the buyer
G1.2 The lot is sold subject to any tenancies disclosed by the special (b) If the lot is registered land the seller is to give to the buyer within five (and the buyer may claim it from the stakeholder, if applicable) unless the
conditions, but otherwise with vacant possession on completion. business days of the contract date an official copy of the entries on the seller is entitled to forfeit the deposit under condition G7.3.
G1.3 The lot is sold subject to all matters contained or referred to in the register and title plan and, where noted on the register, of all documents G9. Landlords licence
documents, but excluding any financial charges: these the seller must subject to which the lot is being sold. G9.1 Where the lot is or includes leasehold land and licence to assign is required
discharge on or before completion. (c) If the lot is not registered land the seller is to give to the buyer within this condition G9 applies.
G1.4 The lot is also sold subject to such of the following as may affect it, whether five business days an abstract or epitome of title starting from the root of G9.2 The contract is conditional on that licence being obtained, by way of formal
they arise before or after the contract date and whether or not they are title mentioned in the special conditions (or, if none is mentioned, a good licence if that is what the landlord lawfully requires.
disclosed by the seller or are apparent from inspection of the lot or from root of title more than fifteen years old) and must produce to the buyer the G9.3 The agreed completion date is not to be earlier than the date five
the documents: original or an examined copy of every relevant document. business days after the seller has given notice to the buyer that licence
(a) matters registered or capable of registration as local land charges; (d) If title is in the course of registration, title is to consist of certified copies has been obtained.
(b) matters registered or capable of registration by any competent authority of: G9.4 The seller must:
or under the provisions of any statute; (i) the application for registration of title made to the land registry; (a) use all reasonable endeavours to obtain the licence at the sellers
(c) notices, orders, demands, proposals and requirements of any competent (ii) the documents accompanying that application; expense; and
authority; (iii) evidence that all applicable stamp duty land tax relating to that (b) enter into any authorised guarantee agreement properly required.
(d) charges, notices, orders, restrictions, agreements and other matters application has been paid; and G9.5 The buyer must:
relating to town and country planning, highways or public health; (iv) a letter under which the seller or its conveyancer agrees to use all (a) promptly provide references and other relevant information; and
(e) rights, easements, quasi-easements, and wayleaves; reasonable endeavours to answer any requisitions raised by the land
(b) comply with the landlords lawful requirements.
(f) outgoings and other liabilities; registry and to instruct the land registry to send the completed registration
documents to the buyer. G9.6 If within three months of the contract date (or such longer period as the
(g) any interest which overrides, within the meaning of the Land
seller and buyer agree) the licence has not been obtained the seller or
Registration Act 2002; (e) The buyer has no right to object to or make requisitions on any title
the buyer may (if not then in breach of any obligation under this condition
(h) matters that ought to be disclosed by the searches and enquiries a information more than seven business days after that information has
G9) by notice to the other terminate the contract at any time before licence
prudent buyer would make, whether or not the buyer has made them; and been given to the buyer.
is obtained. That termination is without prejudice to the claims of either
(i) anything the seller does not and could not reasonably know about. G4.3 Unless otherwise stated in the special conditions the seller sells with seller or buyer for breach of this condition G9.
G1.5 Where anything subject to which the lot is sold would expose the seller to full title guarantee except that (and the transfer shall so provide):
G10. Interest and apportionments
liability the buyer is to comply with it and indemnify the seller against that (a) the covenant set out in section 3 of the Law of Property (Miscellaneous
G10.1 If the actual completion date is after the agreed completion date for
liability. Provisions) Act 1994 shall not extend to matters recorded in registers open
any reason other than the sellers default the buyer must pay interest
G1.6 The seller must notify the buyer of any notices, orders, demands, to public inspection; these are to be treated as within the actual knowledge at the interest rate on the price (less any deposit paid) from the agreed
proposals and requirements of any competent authority of which it learns of the buyer; and completion date up to and including the actual completion date.
after the contract date but the buyer must comply with them and keep the (b) the covenant set out in section 4 of the Law of Property (Miscellaneous G10.2 Subject to condition G11 the seller is not obliged to apportion or account for
seller indemnified. Provisions) Act 1994 shall not extend to any condition or tenants obligation any sum at completion unless the seller has received that sum in cleared
G1.7 The lot does not include any tenants or trade fixtures or fittings. relating to the state or condition of the lot where the lot is leasehold funds. The seller must pay to the buyer after completion any sum to
property. which the buyer is entitled that the seller subsequently receives in cleared
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 not fit for use. G4.4 The transfer is to have effect as if expressly subject to all matters subject funds.
to which the lot is sold under the contract. G10.3 Income and outgoings are to be apportioned at actual completion date
G1.9 The buyer buys with full knowledge of:
G4.5 The seller does not have to produce, nor may the buyer object to or make unless:
(a) the documents, whether or not the buyer has read them; and
a requisition in relation to, any prior or superior title even if it is referred to (a) the buyer is liable to pay interest; and
4 the physical condition of the lot and what could reasonably be discovered in the documents.
on inspection of it, whether or not the buyer has inspected it. (b) the seller has given notice to the buyer at any time up to completion
G4.6 The seller (and, if relevant, the buyer) must produce to each other such requiring apportionment on the date from which interest becomes payable
G1.10 The buyer is not to rely on the information contained in the particulars confirmation of, or evidence of, their identity and that of their mortgagees
but may rely on the sellers conveyancers written replies to preliminary by the buyer; in which event income and outgoings are to be apportioned
and attorneys (if any) as is necessary for the other to be able to comply with on the date from which interest becomes payable by the buyer.
enquiries to the extent stated in those replies. applicable Land Registry Rules when making application for registration of
G2. Deposit G10.4 Apportionments are to be calculated on the basis that:
the transaction to which the conditions apply.
G2.1 The amount of the deposit is the greater of: (a) the seller receives income and is liable for outgoings for the whole of
G5. Transfer
the day on which apportionment is to be made;
(a) any minimum deposit stated in the auction conduct conditions (or the G5.1 Unless a form of transfer is prescribed by the special conditions:
total price, if this is less than that minimum); and (b) annual income and expenditure accrues at an equal daily rate assuming
(a) the buyer must supply a draft transfer to the seller at least ten 365 days in a year, and income and expenditure relating to some other
(b) 10% of the price (exclusive of any VAT on the price). business days before the agreed completion date and the engrossment period accrues at an equal daily rate during the period to which it relates;
G2.2 The deposit (signed as a deed by the buyer if condition G5.2 applies) five business and
(a) must be paid in pounds sterling by cheque or bankers draft drawn on an days before that date or (if later) two business days after the draft has
(c) where the amount to be apportioned is not known at completion
approved financial institution (or by any other means of payment that been approved by the seller; and
apportionment is to be made by reference to a reasonable estimate and
the auctioneers may accept); and (b) the seller must approve or revise the draft transfer within five business further payment is to be made by seller or buyer as appropriate within five
(b) is to be held as stakeholder unless the auction conduct conditions days of receiving it from the buyer. business days of the date when the amount is known.
provide that it is to be held as agent for the seller. G5.2 If the seller remains liable in any respect in relation to the lot (or a tenancy) G11. Arrears
G2.3 Where the auctioneers hold the deposit as stakeholder following completion the buyer is specifically to covenant in the transfer
Part 1 Current rent
they are authorised to release it (and interest on it if to indemnify the seller against that liability.
G11.1 Current rent means, in respect of each of the tenancies subject to which
applicable) to the seller on completion or, if completion G5.3 The seller cannot be required to transfer the lot to anyone other than the
the lot is sold, the instalment of rent and other sums payable by the tenant
does not take place, to the person entitled to it under the buyer, or by more than one transfer.
in advance on the most recent rent payment date on or within four months
sale conditions. G6. Completion preceding completion.
G2.4 If a cheque for all or part of the deposit is not cleared on first presentation G6.1 Completion is to take place at the offices of the sellers conveyancer, G11.2 If on completion there are any arrears of current rent the buyer must
the seller may treat the contract as at an end and bring a claim against or where the seller may reasonably require, on the agreed completion pay them, whether or not details of those arrears are given in the special
the buyer for breach of contract. date. The seller can only be required to complete on a business day and conditions.
G2.5 Interest earned on the deposit belongs to the seller unless the sale between the hours of 0930 and 1700.
G11.3 Parts 2 and 3 of this condition G11 do not apply to arrears of current rent.
conditions provide otherwise. G6.2 The amount payable on completion is the balance of the price adjusted to
Part 2 Buyer to pay for arrears
G3. Between contract and completion take account of apportionments plus (if applicable) VAT and interest.
G11.4 Part 2 of this condition G11 applies where the special conditions give
G3.1 Unless the special conditions state otherwise, the seller is to insure the G6.3 Payment is to be made in pounds sterling and only by: (a) direct transfer to
details of arrears.
lot from and including the contract date to completion and: the sellers conveyancers client account; and (b) the release of any deposit
held by a stakeholder. G11.5 The buyer is on completion to pay, in addition to any other money then
(a) produce to the buyer on request all relevant insurance details;
due, an amount equal to all arrears of which details are set out in the
(b) pay the premiums when due; G6.4 Unless the seller and the buyer otherwise agree, completion cannot take
special conditions.
place until both have complied with their obligations under the contract
(c) if the buyer so requests, and pays any additional premium, use G11.6 If those arrears are not old arrears the seller is to assign to the buyer all
and the balance of the price is unconditionally received in the sellers
reasonable endeavours to increase the sum insured or make other changes rights that the seller has to recover those arrears.
conveyancers client account.
to the policy; Part 3 Buyer not to pay for arrears
G6.5 If completion takes place after 1400 hours for a reason other than the
(d) at the request of the buyer use reasonable endeavours to have the G11.7 Part 3 of this condition G11 applies where the special conditions:
buyers interest noted on the policy if it does not cover a contracting sellers default it is to be treated, for the purposes of apportionment and
purchaser; calculating interest, as if it had taken place on the next business day. (a) so state; or
(e) unless otherwise agreed, cancel the insurance at completion, apply for G6.6 Where applicable the contract remains in force following completion. (b) give no details of any arrears.
a refund of premium and (subject to the rights of any tenant or other third G7. Notice to complete G11.8 While any arrears due to the seller remain unpaid the
party) pay that refund to the buyer; and G7.1 The seller or the buyer may on or after the agreed completion date but buyer must:
(f) (subject to the rights of any tenant or other third party) hold before completion give the other notice to complete within ten business (a) try to collect them in the ordinary course of management but need not
on trust for the buyer any insurance payments that the seller days (excluding the date on which the notice is given) making time of the take legal proceedings or forfeit the tenancy;
receives in respect of loss or damage arising after the contract essence. (b) pay them to the seller within five business days of receipt in cleared
date or assign to the buyer the benefit of any claim; and the G7.2 The person giving the notice must be ready to complete. funds (plus interest at the interest rate calculated on a daily basis for each
37
* The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
subsequent days delay in payment); finding and provide a VAT invoice in respect of the sale of the lot; (b) attributable service charge expenditure exceeds payments on account
(c) on request, at the cost of the seller, assign to the seller or as the seller (b) the buyer must within five business days of receipt of the VAT invoice (whether those payments have been received or are still then due), the
may direct the right to demand and sue for old arrears, such assignment to pay to the seller the VAT due; and buyer must use all reasonable endeavours to recover the shortfall from the
be in such form as the sellers conveyancer may reasonably require; (c) if VAT is payable because the buyer has not complied with this tenant at the next service charge reconciliation date and pay the amount
(d) if reasonably required, allow the sellers conveyancer to have on loan condition G15, the buyer must pay and indemnify the seller against all so recovered to the seller within five business days of receipt in cleared
the counterpart of any tenancy against an undertaking to hold it to the costs, interest, penalties or surcharges that the seller incurs as a result. funds; but in respect of payments on account that are still due from a tenant
buyers order; condition G11 (arrears) applies.
G16. Capital allowances
(e) not without the consent of the seller release any tenant or surety from G22.5 In respect of service charge expenditure that is not attributable to any
G16.1 This condition G16 applies where the special conditions state that there tenancy the seller must pay the expenditure incurred in respect of the
liability to pay arrears or accept a surrender of or forfeit any tenancy under are capital allowances available in respect of the lot.
which arrears are due; and period before actual completion date and the buyer must pay the
G16.2 The seller is promptly to supply to the buyer all information reasonably expenditure incurred in respect of the period after actual completion
(f) if the buyer disposes of the lot prior to recovery of all arrears obtain required by the buyer in connection with the buyers claim for capital date. Any necessary monetary adjustment is to be made within five
from the buyers successor in title a covenant in favour of the seller in allowances. business days of the seller providing the service charge account to the
similar form to part 3 of this condition G11.
G16.3 The value to be attributed to those items on which capital allowances may buyer.
G11.9 Where the seller has the right to recover arrears it must not without the be claimed is set out in the special conditions. G22.6 If the seller holds any reserve or sinking fund on account of future service
buyers written consent bring insolvency proceedings against a tenant or
G16.4 The seller and buyer agree: charge expenditure or a depreciation fund:
seek the removal of goods from the lot.
(a) to make an election on completion under Section 198 of the Capital (a) the seller must pay it (including any interest earned on it) to the buyer
G12. Management
Allowances Act 2001 to give effect to this condition G16; and on completion; and
G12.1 This condition G12 applies where the lot is sold subject to tenancies.
(b) to submit the value specified in the special conditions to HM (b) the buyer must covenant with the seller to hold it in accordance with
G12.2 The seller is to manage the lot in accordance with its standard Revenue and Customs for the purposes of their respective capital allowance the terms of the tenancies and to indemnify the seller if it does not do so.
management policies pending completion. computations. G23. Rent reviews
G12.3 The seller must consult the buyer on all management issues that G17. Maintenance agreements G23.1 This condition G23 applies where the lot is sold subject to a tenancy
would affect the buyer after completion (such as, but not limited to, an
G17.1 The seller agrees to use reasonable endeavours to transfer to the buyer, under which a rent review due on or before the actual completion date
application for licence; a rent review; a variation, surrender, agreement
at the buyers cost, the benefit of the maintenance agreements specified in has not been agreed or determined.
to surrender or proposed forfeiture of a tenancy; or a new tenancy or
the special conditions. G23.2 The seller may continue negotiations or rent review proceedings up to the
agreement to grant a new tenancy) and:
G17.2 The buyer must assume, and indemnify the seller in respect of, all liability actual completion date but may not agree the level of the revised rent
(a) the seller must comply with the buyers reasonable requirements
under such contracts from the actual completion date. or commence rent review proceedings without the written consent of the
unless to do so would (but for the indemnity in paragraph (c)) expose the
G18. Landlord and Tenant Act 1987 buyer, such consent not to be unreasonably withheld or delayed.
seller to a liability that the seller would not otherwise have, in which case
the seller may act reasonably in such a way as to avoid that liability; G18.1 This condition G18 applies where the sale is a relevant disposal for the G23.3 Following completion the buyer must complete rent review negotiations
purposes of part I of the Landlord and Tenant Act 1987. or proceedings as soon as reasonably practicable but may not agree the
G18.2 The seller warrants that the seller has complied with sections 5B and level of the revised rent without the written consent of the seller, such
(b) if the seller gives the buyer notice of the sellers intended act and the consent not to be unreasonably withheld or delayed.
buyer does not object within five business days giving reasons for the 7 of that Act and that the requisite majority of qualifying tenants has not
accepted the offer. G23.4 The seller must promptly:
objection the seller may act as the seller intends; and
G19. Sale by practitioner (a) give to the buyer full details of all rent review negotiations and
(c) the buyer is to indemnify the seller against all loss or liability the
G19.1 This condition G19 applies where the sale is by a practitioner either as proceedings, including copies of all correspondence and other papers; and
seller incurs through acting as the buyer requires, or by reason of delay
caused by the buyer. seller or as agent of the seller. (b) use all reasonable endeavours to substitute the buyer for the seller in
G19.2 The practitioner has been duly appointed and is empowered to sell the lot. any rent review proceedings.
G13. Rent deposits
G19.3 Neither the practitioner nor the firm or any member of the firm to which G23.5 The seller and the buyer are to keep each other informed of the progress of
G13.1 This condition G13 applies where the seller is holding or otherwise
the practitioner belongs has any personal liability in connection with the the rent review and have regard to any proposals the other makes in relation
entitled to money by way of rent deposit in respect of a tenancy. In this
sale or the performance of the sellers obligations. The transfer is to to it.
condition G13 rent deposit deed means the deed or other document
under which the rent deposit is held. include a declaration excluding that personal liability. G23.6 When the rent review has been agreed or determined the buyer must
G19.4 The lot is sold: account to the seller for any increased rent and interest recovered from the
G13.2 If the rent deposit is not assignable the seller must on completion hold
tenant that relates to the sellers period of ownership within five business
the rent deposit on trust for the buyer and, subject to the terms of the rent (a) in its condition at completion; days of receipt of cleared funds.
deposit deed, comply at the cost of the buyer with the buyers lawful (b) for such title as the seller may have; and
instructions. G23.7 If a rent review is agreed or determined before completion but the
(c) with no title guarantee; and the buyer has no right to terminate the increased rent and any interest recoverable from the tenant has not been
G13.3 Otherwise the seller must on completion pay and assign its interest in contract or any other remedy if information provided about the lot is received by completion the increased rent and any interest recoverable is
the rent deposit to the buyer under an assignment in which the buyer inaccurate, incomplete or missing. to be treated as arrears.
covenants with the seller to:
G19.5 Where relevant: G23.8 The seller and the buyer are to bear their own costs in relation to rent
(a) observe and perform the sellers covenants and conditions in the rent
(a) the documents must include certified copies of those under which review negotiations and proceedings.
deposit deed and indemnify the seller in respect of any breach;
the practitioner is appointed, the document of appointment and the G24. Tenancy renewals
(b) give notice of assignment to the tenant; and practitioners acceptance of appointment; and G24.1 This condition G24 applies where the tenant under a tenancy has the right
(c) give such direct covenant to the tenant as may be required by the rent (b) the seller may require the transfer to be by the lender exercising its to remain in occupation under part II of the Landlord and Tenant Act 1954
deposit deed. power of sale under the Law of Property Act 1925. (as amended) and references to notices and proceedings are to notices and
G14. VAT G19.6 The buyer understands this condition G19 and agrees that it is fair in the proceedings under that Act.
G14.1 Where a sale condition requires money to be paid or other consideration circumstances of a sale by a practitioner. G24.2 Where practicable, without exposing the seller to liability or penalty, the
to be given, the payer must also pay any VAT that is chargeable on that G20. TUPE seller must not without the written consent of the buyer (which the buyer
money or consideration, but only if given a valid VAT invoice. must not unreasonably withhold or delay) serve or respond to any notice or
G20.1 If the special conditions state There are no employees to which TUPE
G14.2 Where the special conditions state that no VAT option has been made applies, this is a warranty by the seller to this effect. begin or continue any proceedings.
the seller confirms that none has been made by it or by any company in the G24.3 If the seller receives a notice the seller must send a copy to the buyer
G20.2 If the special conditions do not state There are no employees to which
same VAT group nor will be prior to completion. within five business days and act as the buyer reasonably directs in
TUPE applies the following paragraphs apply:
G15. Transfer as a going concern relation to it.
(a) The seller must notify the buyer of those employees whose contracts
G15.1 Where the special conditions so state: of employment will transfer to the buyer on completion (the Transferring G24.4 Following completion the buyer must:
(a) the seller and the buyer intend, and will take all practicable steps Employees). This notification must be given to the buyer not less than 14 (a) with the co-operation of the seller take immediate steps to substitute
(short of an appeal) to procure, that the sale is treated as a transfer of a days before completion. itself as a party to any proceedings;
going concern; and (b) The buyer confirms that it will comply with its obligations under TUPE (b) use all reasonable endeavours to conclude any proceedings or
(b) this condition G15 applies. and any special conditions in respect of the Transferring Employees. negotiations for the renewal of the tenancy and the determination of any
G15.2 The seller confirms that the seller (c) The buyer and the seller acknowledge that pursuant and subject to interim rent as soon as reasonably practicable at the best rent or rents
(a) is registered for VAT, either in the sellers name or as a member of the TUPE, the contracts of employment between the Transferring Employees reasonably obtainable; and
same VAT group; and and the seller will transfer to the buyer on completion. (c) if any increased rent is recovered from the tenant (whether as interim
(b) has (unless the sale is a standard-rated supply) made in relation to (d) The buyer is to keep the seller indemnified against all liability for the rent or under the renewed tenancy) account to the seller for the part of
the lot a VAT option that remains valid and will not be revoked before Transferring Employees after completion. that increase that relates to the sellers period of ownership of the lot
completion. G21. Environmental within five business days of receipt of cleared funds.
G15.3 The buyer confirms that: G21.1 This condition G21 only applies where the special conditions so provide. G24.5 The seller and the buyer are to bear their own costs in relation to the
renewal of the tenancy and any proceedings relating to this.
(a) it is registered for VAT, either in the buyers name or as a member of a G21.2 The seller has made available such reports as the seller has as to the
VAT group; environmental condition of the lot and has given the buyer the opportunity G25. Warranties
(b) it has made, or will make before completion, a VAT option in relation to carry out investigations (whether or not the buyer has read those reports G25.1 Available warranties are listed in the special conditions.
to the lot and will not revoke it before or within three months after or carried out any investigation) and the buyer admits that the price takes G25.2 Where a warranty is assignable the seller must:
completion; into account the environmental condition of the lot. (a) on completion assign it to the buyer and give notice of assignment to
(c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does G21.3 The buyer agrees to indemnify the seller in respect of all liability for or the person who gave the warranty; and
not apply to it; and resulting from the environmental condition of the lot. (b) apply for (and the seller and the buyer must use all reasonable
(d) it is not buying the lot as a nominee for another person. G22. Service Charge endeavours to obtain) any consent to assign that is required. If consent has
G15.4 The buyer is to give to the seller as early as possible before the agreed G22.1 This condition G22 applies where the lot is sold subject to tenancies that not been obtained by completion the warranty must be assigned within
completion date evidence: include service charge provisions. five business days after the consent has been obtained.
(a) of the buyers VAT registration; G22.2 No apportionment is to be made at completion in respect of service G25.3 If a warranty is not assignable the seller must after completion:
(b) that the buyer has made a VAT option; and charges. (a) hold the warranty on trust for the buyer; and
(c) that the VAT option has been notified in writing to HM Revenue and G22.3 Within two months after completion the seller must provide to the buyer (b) at the buyers cost comply with such of the lawful instructions of the
Customs; and if it does not produce the relevant evidence at least two a detailed service charge account for the service charge year current on buyer in relation to the warranty as do not place the seller in breach of its
business days before the agreed completion date, condition G14.1 completion showing: terms or expose the seller to any liability or penalty.
applies at completion. (a) service charge expenditure attributable to each tenancy; G26. No assignment
G15.5 The buyer confirms that after completion the buyer intends to: (b) payments on account of service charge received from each tenant; The buyer must not assign, mortgage or otherwise transfer or part with the
(a) retain and manage the lot for the buyers own benefit as a continuing (c) any amounts due from a tenant that have not been received; whole or any part of the buyers interest under this contract.
business as a going concern subject to and with the benefit of the (d) any service charge expenditure that is not attributable to any tenancy G27. Registration at the Land Registry
tenancies; and and is for that reason irrecoverable. G27.1 This condition G27.1 applies where the lot is leasehold and its sale either
(b) collect the rents payable under the tenancies and charge VAT on them G22.4 In respect of each tenancy, if the service charge account shows that: triggers first registration or is a registrable disposition. The buyer must at
G15.6 If, after completion, it is found that the sale of the lot is not a transfer of a (a) payments on account (whether received or still then due from a tenant) exceed its own expense and as soon as practicable:
going concern then: attributable service charge expenditure, the seller must pay to the buyer an (a) procure that it becomes registered at Land Registry as proprietor of the lot;
(a) the sellers conveyancer is to notify the buyers conveyancer of that amount equal to the excess when it provides the service charge account; (b) procure that all rights granted and reserved by the lease under which the
38
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
lot is held are properly noted against the affected titles; and G28. Notices and other communications G28.3 A communication is to be treated as received:
(c) provide the seller with an official copy of the register relating to such G28.1 All communications, including notices, must be in writing. Communication (a) when delivered, if delivered by hand; or
lease showing itself registered as proprietor. to or by the seller or the buyer may be given to or by their conveyancers. (b) when personally acknowledged, if made electronically; but if delivered
G27.2 This condition G27.2 applies where the lot comprises part of a registered G28.2 A communication may be relied on if: or made after 1700 hours on a business day a communication is to be
treated as received on the next business day.
title. The buyer must at its own expense and as soon as practicable: (a) delivered by hand; or
G28.4 A communication sent by a postal service that offers normally to deliver mail
(a) apply for registration of the transfer; (b) made electronically and personally acknowledged (automatic the next following business day will be treated as received on the second
(b) provide the seller with an official copy and title plan for the buyers new acknowledgement does not count); or business day after it has been posted.
title; and (c) there is proof that it was sent to the address of the person to whom it is G29. Contracts (Rights of Third Parties) Act 1999
(c) join in any representations the seller may properly make to Land to be given (as specified in the sale memorandum) by a postal service that No one is intended to have any benefit under the contract pursuant to the
Registry relating to the application. offers normally to deliver mail the next following business day. Contract (Rights of Third Parties) Act 1999.
G30. ExTRA GENERAL CONDITIONS items does not constitute vacant possession, and absence of its production may (as agents for the seller) treat this as the
G30.1 If a cheque for all or part of the deposit is not cleared on first presentation, (b) that all or part of the lot whether comprising a house, part of a house, flat buyers repudiation of the contract and re-offer the lot for sale.
the auctioneers are under no obligation to re-present the cheque, but or flats may not legally be used for immediate residential occupation.
G30.6 The auctioneers shall be under no financial liability in respect of any
should they do so (at their sole discretion) then the buyer will pay to the G30.3 The buyer will pay to the auctioneers a Buyers Administration Fee of
matters arising out of the auction or the particulars of any lot or any
auctioneers a fee of 100 plus VAT, such payment being due whether or 600 inclusive of VAT (300 for transactions of less than 10,000). If for any
not the cheque ultimately clears. reason this sum is not paid on exchange of contracts then it will be payable of the conditions relating to any lot. No claims shall be made against
G30.2 Vacant possession of the lot shall be given to the buyer on completion to the sellers solicitors on completion in addition to the purchase price. the auctioneers by the buyer in respect of any loss or damage or claim
except where stated in the special conditions. The buyer accepts that G30.4 Any description of the lot which includes reference to its use does not imply actually or allegedly suffered by or made against the buyer by reason of the
vacant possession of the whole or any part of the lot offered with vacant or warrant that it may be legally used for that purpose. buyer entering into the contract.
possession notwithstanding that: G30.5 If the buyer is unable to provide adequate means of identification in the
G30.7 The auctioneers have undertaken their best endeavours to satisfy
(a) there may be furniture, fittings, effects, waste or rubbish remaining at the auction room either for himself or for the contractual buyer (if this is
lot in which case the buyer shall not be entitled to require the removal of different) the auctioneers may retain the sale memorandum signed by themselves as to the bona fides of the seller and that he is the beneficial
such items or delay completion on the grounds that the existence of such or on behalf of the seller until such identification is produced and in the owner but we give no warranty.
auctions@strettons.co.uk
NAME / COMPANY: .......................................................................................
ADDRESS: ...............................................................................................................................................................................................
...............................................................................................................................................................................................
...............................................................................................................................................................................................
METHOD OF PAYMENT:
Enclose cheque made payable to Strettons with completed form or provide Credit/Debit Card details:
39
* The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on AUCTION ENQUIRIES: 020 7637 4000
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
MEMORANDUM
WE ARE UNABLE TO ACCEPT THE DEPOSIT PAYMENT IN CASH
.............................................................................................
.............................................................................................
.............................................................................................
The seller agrees to sell and the buyer agrees to buy the lot for the price. This agreement is subject
to the conditions so far as they apply to the lot.
Signed by Strettons as
agent for the seller ............................................................................................. (Ref: .................................)
buyers solicitors:
Name .......................................................................................
B/DRAFT .................................
Address ...................................................................................
CHEQUE .................................
..................................................................................................
DEBIT CARD .................................
..................................................................................................
ADMIN FEE .................................
Contact ....................................................................................
In addition to the deposit to be paid to Strettons on exchange of contracts you are required to pay a Buyers
Administration Fee of 600 inclusive of VAT (or 300 for transactions less then 10,000). A VAT receipt will be issued
on the following working day.
40
AUCTION ENQUIRIES: 020 7637 4000 * The Important Notice to Prospective Buyers , including a definition of Guide Price , is printed on
the inside front cover of the catalogue. These Notices apply to all lots within this catalogue and are
essential reading before you bid. Please also check on-line at www.strettons.co.uk for updates.
auctioN iNFormatioN serVices
WWW.strettoNs.co.uK
For uP-to-the-Minute inForMAtion on Guide Prices, AMendMents, AnnounceMents, leGAl docuMentAtion
AUCTION TELEPHONE
www.strettons.co.uk
VeNue:
auctions@strettons.co.uk
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