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Below is the full auction catalogue in PDF format.

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

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

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Tuesday 22nd November 2016 6.30pm

Gainsborough Golf ClubThonock Hill, Gainsborough DN21 1PZ

AWARDSIN THE LAST 5 YEARSACROSS AUCTION HOUSE GROUP

MULTI AWARDWINNERS

Auction Venue

16 Lots For Sale By Auction(Unless previously sold or withdrawn)

GainsboroughGolf ClubThonock HillGainsborough, LincolnshireDN21 1PZ

Additional Auction Services

Services Provided by The Essential Information Group www.eigroup.co.uk 01737 226 150

Legal documents for some of the lots are now or willbe available online. Where you see the icon on thewebsite you will be able to download the documents.

LegalsAUCTION

E iLegal Documents

Visit www.eigroup.co.uk and select ‘Online Auctions’.Choose the auction and then ‘Viewing Gallery’.You will see details of the lot being offered and canwatch the bidding as it happens.It is not possible to bid using this service.

On-Line Live

AUCTION

E i

AuctioneersLINCOLNSHIRE, NORTH NOTTS AND SOUTH YORKS

MARTIN G.THOMSON

AUCTIONEER

A. IANWILLOWS

AUCTIONEER

Auction OfficeRebrook House124 Trinity StreetGainsboroughDN21 1JD

Tel: 01427 616436Email: [email protected]: [email protected]

auctionhouse.co.uk

Welcome to our November 2016 Land and Property Auction.

After a successful September auction which saw a busy room resulting in an overall success rate of 80% includingproperties sold post auction, we are delighted to be offering an interesting collection of properties and land inour November auction.

Some of the highlights include:

• An interesting residential development site at Grayingham

• A number of terraced properties of interest to the developer or investor

• A Grade II listed semi-detached Coach House

• Two public houses

• A residential development site in Gainsborough for a pair of semi-detached houses

• 2.78 acres of Amenity Woodland and Ponds near Gainsborough

A wide range of property types sell well at auction

There are many different types of property that sell well at Auction, and if you have one that falls into any of these categories youcertainly should consider the Auction route.

Properties for Improvement • Tenanted Properties • Residential Investments • Building Land / Development Propositions •Mixed Use Properties • Commercial Investments • Unique Properties • Paddock, Arable and Amenity Land

If it is property or land that is surplus to requirements, the likelihood is that we could find a buyer at Auction. If it has a value, and isworth marketing, it is worth considering a disposal by Auction.

Contact the Auction Team to discuss any aspect of buying / selling property or land at auction

LEGAL PACKS

We remind all prospective buyers thatprior to auction day, the legaldocuments can be viewed at ouroffices, or online for free, thus makingthe process of purchasing at auctionmuch easier and open to everyone.

We also offer a service for nonattending bids by way of telephone orproxy if you cannot make the auctionday. Non Attending Bid Forms areincluded to the rear of this Catalogue

PETER J.SEARSON

VALUER

DANIELLEKINCH

AUCTIONCOORDINATOR

Auction information

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Deposit When you buy a property you will be approached by amember of Auction House staff and asked to go to the cashiersdesk to sign the Memorandum of Sale. You will be asked to pay adeposit of 10% of the purchase price subject to a minimumdeposit of £2,000. Deposits can only be paid by bankers draft,building society cheque, personal cheque, debit or credit card. Cashpayments will not be accepted. Please note, should the chequehave to be represented, a processing charge of £60.00 (£50.00 +VAT) will be charged by deduction from the deposit. (Credit cardsurcharge of 3%).

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

Administration Charge Purchasers will be required to pay bycheque, an administration charge of £420.00 (£350.00 + VAT) inaddition to the deposit. A VAT receipt will be issued after theauction.

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

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

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

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

Order of SaleTuesday 22nd November 2016 6.30pm, Gainsborough Golf Club, Thonock Hill, Gainsborough DN21 1PZ

1 9 High Street, Gainsborough, Lincolnshire £25,000 - £29,000 Residential for Improvement

2 25 Gordon Street, Gainsborough, Lincolnshire £39,000 - £44,000 Residential Investments

3 Ye Olde Whyte Swanne, 45 Eastgate, Louth, Lincolnshire £160,000 - £190,000 Commercial

4 9 Bethel Terrace, Shireoaks, Worksop, Nottinghamshire £70,000 - £80,000 Residential for Improvement

5Residential Development Site, The Paddocks, Low Road, Grayingham,Lincolnshire

£160,000 - £200,000 Plots/Building Land

6 47 Beechwood Avenue, Grimsby, Lincolnshire £49,000 - £55,000 Commercial

7 The Ermine Way, 71 Ermine Street, Ancaster, Grantham, Lincolnshire £130,000 - £150,000 Commercial

8 43 Tower Street, Gainsborough, Lincolnshire £42,000 - £46,000 Residential Investments

9 Res. Development Site, Adjoining 66 Nelson Street, Gainsborough, Lincolnshire £30,000 - £40,000 Plots/Building Land

10 24 Cromwell Street, Gainsborough, Lincolnshire £43,000 - £47,000 Residential for Improvement

11 5 Hargrave Street, Grimsby, Lincolnshire £25,000+ Residential for Improvement

12 Hall Cottage, Spring Lane, Shireoaks, Worksop, Nottinghamshire £250,000 - £300,000 Residential for Improvement

13 Old Coach House North, Wellow Hall, Newark Road, Wellow, Nottinghamshire £120,000 - £140,000 Residential

14 6D Northolme Mews, Northolme, Gainsborough, Lincolnshire £49,000 - £55,000 Residential Investments

15 3 Tower Street, Gainsborough, Lincolnshire £35,000 - £39,000 Residential for Improvement

162.78 acres Amenity Woodland and Ponds, Dog Island, Beckingham Marshes,Near Gainsborough, Lincolnshire

£15,000 - £20,000 Agricultural/Amenity Land

LOT NO. ADDRESS*GUIDE PRICE

*Description on Auction Information page

LOT TYPE

Residential for improvement

9 High Street, Gainsborough, Lincolnshire DN21 1BH*GUIDE PRICE £25,000 - £29,000*Description on Auction Information page

SituationA traditionally constructed mid terrace house which offers scope forfurther modernisation and improvement and may appeal to the investorin an established residential area of similar style properties convenientlylocated for access to the town centre and Marshall's Yard RetailComplex. The property offers accommodation briefly comprising SittingRoom, Kitchen, rear lobby, Bathroom and 2 first floor bedrooms. Theproperty has double glazing, gas fired heating and an enclosed yard to therear.

DescriptionGround Floor:Sitting Room: 3.33m x 3.68m (10'11" x 12'1") with uPVC frontentrance door, uPVC double glazed window to the front elevation,fireplace and radiator.Kitchen: 2.44m x 3.20m (8'0" x 10'6") With stainless steel inset drainersink unit, floor and wall cupboards, uPVC double glazed window to therear, understairs storage cupboard with radiator.Rear Entrance Lobby: with uPVC double glazed door.Bathroom: With suite comprising close coupled w.c., pedestal washhand basin, bath, double glazed window and central heating radiator.

Stairs to the First Floor:Front Bedroom:Rear Bedroom: 3.18m x 2.77m max (10'5" x 9'1") With uPVC doubleglazed window, radiator, and gas fired boiler for central heating anddomestic hot water.Outside: To the rear is an enclosed yard.

Selective Licencing:This property falls into the Selective Licensing in Gainsborough SouthWest Ward and prospective purchasers are strongly advised to visitwww.thehomesafescheme.org.uk or www.west- l indsey.gov.uk/selectivelicencing for further information.

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

Tenure: Freehold

Possession: Vacant possesion will be given on completion.

Local Authority: West Lindsey District Council

Services: Prospective purchasers are advised to make their own enquiries ofthe relevant statutory authorities.

NB: Services, Apparatus and equipment have not been tested byAuction House and therefore cannot be verified as being in workingorder. The buyer is advised to obtain verification from their Solicitor/Surveyor.

Solicitors: Andrew Jay & Co, 26 Lord Street, Gainsborough, DN21 2DB.

Viewing: Strictly by appointment with Auction House.

EPC: D

LOT 1

Residential Investments

25 Gordon Street, Gainsborough, Lincolnshire DN21 1DW*GUIDE PRICE £39,000 - £44,000*Description on Auction Information page

SituationA traditionally constructed mid terrace house, situated in an establishedresidential area of similar style properties which may be of interest tothe investor with a potential rent of approximately £360pcm.The accommodation briefly comprises Sitting Room, Innner Lobby,Dining Room, small Kitchen, Lobby and Bathroom, first f loor 2Bedrooms and Attic Room. The property benefits from gas fired heating,double glazing and has an enclosed yard to the rear.

DescriptionAccommodationSitting Room: 3.63m x 3.71m (11'11 x 12'2) uPVC double glazedwindow to the front elevation, uPVC front Entrance Door, wallmounted gas fire, central heating radiator.Inner Lobby: With stairs rising to first floor.Dining Room: 3.51m x 3.73m (11'6 x 12'3) Central heating radiator,uPVC double glazed window to the rear, wall mounted gas fire,understairs storage cupboard.Kitchen:1.96m x 2.16m (6'5 x 7'1) Stainless steel single drainer sinkunit, double cupboard below, two eye level units with space for worksurface below, provision for cooker, uPVC double glazed window, gasfired boiler for central hating and domestic hot water. Door to the:Rear Entrance Lobby: uPVC double glazed door to the rear.Bathroom: Suite comprising: low level w.c., pedestal wash hand basin,

bath with shower over, uPVC double glazed window, central heatingradiator.Staircase to First FloorBedroom 1: 3.73m x 3.66m (12'3 x 12'0) uPVC double glazedwindow to the front elevation, central heating radiator, fireplace andbuilt in clothes cupboard.Bedroom 2: 3.73m x 3.51m max (12'3 x 11'6 max) uPVC doubleglazed window, central heating radiator.Staircase to Attic Room:Externally: To the front of the property is a small area of enclosedgarden and to the rear is an enclosed yard.

Selective LicensingThis property falls into the Selective Licensing in Gainsborough SouthWest Ward and prospective purchasers are strongly advised to visitwww.thehomesafescheme.org.uk or www.west-l indsey.gov.uk/selectivelicencing for further information.


Tenure: Freehold







EPC: D

LOT 2

Commercial

Ye Olde Whyte Swanne, 45 Eastgate, Louth, Lincolnshire LN11 9NP*GUIDE PRICE £160,000 - £190,000*Description on Auction Information page

SituationA listed public house situated in a conservation area in the centre of theprosperous market town of Louth which sits close to the LincolnshireWolds, an area of Outstanding Natural Beauty, and with good roadaccess to the surrounding areas including the City of Lincoln andGrimsby. The property offers accommodation laid out over 2 floors withthe existing use currently A4 (Drinking Establishment). Alternative usesfalling within classes A1 (Retail) A2 (Financial & Professional Services)and A3 (Restaurant & Cafe) are viable alternative uses without the needto secure planning permission. The accommodation includes groundfloor front bar area, w.c., dining room, kitchen area and store, first floor 3bedrooms with en-suite shower room, sitting room and several otherrooms with restricted headroom and sloping ceilings. Outside to therear is a gravelled yard.

DescriptionMain Bar Area:With fireplace with built in cupboard to the side, part quarry tiled floor.Front Entrance door and seating area to the other side with fireplaceand panelling to walls.Inner Lobby area: With quarry tiled floor, side Entrance Door.W.C. Rear Entrance Hall with Ladies w.c.Dining Room: With fireplace, bench seating.

Kitchen Area: With gas fired boiler with area beyond and then rearstore and cellar area.Stairs to first floor with Rooms to include: 3 Rooms with SlopingCeilings and Small Front RoomBedroom: With wardrobes, sloping ceiling and fireplace.Off Main Landing:Bedroom: With En Suite Shower Room.Bedroom: With En Suite Shower Room.Storage Cupboard:Further Landing Area:Bedroom: With En Suite Shower Room and large walk in storage area.Sitting Room: With fireplace.

Rates: Through our verbal enquiry with the East Lindsey DistrictCouncil we are advised that the rateable value is £11,750.00.VAT: Vat will be payable at the standard rate (20%) on 90% of thepurchase price.


Tenure: Freehold


Local Authority: East Lindsey District Council



Solicitors: Gosschalks, Queens Gardens, Hull, HU1 3DZ.

Joint Agent: Banks Long & Co, 15 St Mary’s Street, Lincoln, LN5 7EQ.Telephone: 01522 544515


EPC: D

LOT 3

FOR SALESOLD

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9 Bethel Terrace, Shireoaks, Worksop, Nottinghamshire S81 8LR*GUIDE PRICE £70,000 - £80,000*Description on Auction Information page

SituationThe property is situated at the end of Bethel Terrace in the village ofShireoaks near to St. Lukes Church. Local shops and school are nearby. From the rear the property has views over the cricket field. Worksopand the M1 are easily accessible.A semi detached house, brick built witha slate roof and having the benefit of uPVC double glazing and gas firedcentral heating. There is scope for some renovation and decorativeworks.

DescriptionGround Floor:Open Plan Breakfast Kitchen: 4.45m x 3.07m (14’7 x 10’1) bowwindow to the front, part tiled floor in the kitchen area, open through tobreakfast area, radiator.Living Room: 4.65m x 4.29m (15’3 x 14’1) wall mounted coal effectgas fire with back boiler for central heating and domestic hot water. Double French windows opening onto the rear garden, feature staircaseto first floor, radiator.Dining Room: 4.29m x 3.68m (14’1 x 12’1) living flame coal effect gasfire in feature surround, radiator.

First Floor:Bedroom 1: 4.32m x 3.71m (14’2 x 12’2) clothes closet, radiator.Bedroom 2: 3.68m x 1.85m (12’1 x 6’1) radiator.Bedroom 3: 2.69m x 2.31m (8’10 x 7’7) radiator.Bathroom: Bath, separate shower cubicle with electric shower, washbasin, low flush w.c., airing cupboard, radiator.Outside: To the rear is an area of garden. Outside cold water tap,storeplace.

Joint Agent:David Hawke Property Services, 84 Bridge Street, Worksop,Nottinghamshire, S80 1JA. Telephone: 01909 531450.


Tenure: Freehold


Local Authority: Bassetlaw District Council



Solicitors: Harmony Law, Unit 5-7, Alfred Business Park, Whitehouse Road,Ipswich, IP1 5LP.


EPC: E

LOT 4

Plots/Building Land

Residential Development Site, The Paddocks, Low Road, Grayingham, Lincolnshire DN21 4ER

*GUIDE PRICE £160,000 - £200,000*Description on Auction Information page

SituationSituated in the centre of this popular rural village which is well located for access to surrounding towns including Scunthorpe, Gainsborough and the City ofLincoln is this development opportunity of a former agricultural building occupying a site extending to approximately 1.68 acres.Planning permission was grantedunder Part 3 Clause Q of schedule 2 of Town & Country Planning (General Permitted Development) order 2015 for the change of use from agricultural buildingto 2 dwellings, application number 133849.

DescriptionPlanning PermissionThe proposed dwellings will incorporate the steel framework of the existing building to create 2 semi detached properties with accommodation briefly comprisingEntrance Hall, Lounge with Dining area, Kitchen/Diner, Utility, Lobby, 3 Bedrooms (2 with en suite facilities) and bathroom.A copy of the planning decision and drawings are available at the agents office.

Existing BuildingThe present steel framed building is approximately 85ft long x 60ft wide x 10ft to eaves. The roof is clad in 0.5mm single skin plastic coated box profile with80mm insulation panels.


Tenure: Freehold



Services: Prospective purchasers are advised to make their own enquiries of the relevantstatutory authorities.


Solicitors: Andrew Jay & Co, Andrew Jay & Co, 26 Lord Street, Gainsborough, DN21 2DB


LOT 5

Commercial

47 Beechwood Avenue, Grimsby, Lincolnshire DN33 1RD*GUIDE PRICE £49,000 - £55,000*Description on Auction Information page

SituationThe property is situated within the heart of the densely populatedBradley Park housing area off the A46 Laceby Road and WinchesterAvenue.

Description:The property comprises a brick built flat roofed single storey Fish & Chipshop with the benefit of security roller shutters on the front elevation.The accommodation comprises:-Sales Area:18'10" x 14'11" (5.76m x 4.55m) 26.20 sqm (282 sqft).Fully tiled walls and ceramic tiled floor, Hopkins gas fired frying rangewith extraction equipment.Preparation Area:11'0" x 12'8" (3.37m x 3.87m)13sqm (140 sqf)Rear Lobby:Wall mounted gas fired boiler, wash basin.Separate W.C.:Low flush suite.

Potato Store:Outside: Enclosed service yard and loading area.Lease:We are informed that the property is offered subject to the existing FRILease to Mr Jack Williams for a term of 5 years from 1st January 2015,with no break clause at a rent of £9,000 per annum (current rent passing£7,200 per annum)Rates:Through our verbal enquiry of the North East Lincolnshire Council weare advised the property has a Rateable Value of £3,100.


Tenure: Freehold

Possession: Subject to existing lease.

Local Authority: North East Lincolnshire Council



Solicitors: TWM Solicitors, 123 High Street, Epsom, KT19 8AU.


EPC: D

LOT 6

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

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

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

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

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Commercial

The Ermine Way, 71 Ermine Street, Ancaster, Grantham, NG32 3QJ*GUIDE PRICE £130,000 - £150,000*Description on Auction Information page

SituationSituated in a central position in this popular village which has a primaryschool, local shop, butchers and post office and is well located for accessto surrounding towns including Sleaford and Grantham is this 3 storeyPublic House.The accommodation briefly comprises: Ground floor frontpublic bar with entrance lobby, cellar, to the rear is an open plan loungearea with restaurant, side entrance lobby, ladies & gents cloakroombetween the bar & lounge area, kitchen with store, w.c., and rearentrance. To the first floor is living accommodation briefly comprisingsitting room with fireplace, kitchen with range of wall and floor units,bedroom with built in furniture and fully tiled modern style bathroom.To the second floor are 3 further bedrooms or potential letting rooms(one with en-suite and another with a sink) and bathroom. Outside tothe side of the property is a driveway leading to the rear where there isample car parking and a garage.

DescriptionEntrance Lobby Area:Front Bar Area:With part slate style flooring, central heating radiators, part panelling todado height, windows to the front elevation, access to cellar.Ladies and Gents Toilets Between Front Bar & Open PlanLounge:Ladies has two w.c., two wash hand basins. Gents has two urinals, w.c.,and hand basin.Rear open plan Lounge Area with RestaurantLounge Area:23'2 x 11'11 (7.06m x 3.63m) opens up into recess by 16'3 (4.95m),with radiatorsRestaurant Area:approximately 20'9 x 14'9 (6.32m x 4.50m) with central heatingradiators window to the side, fire place and steps going down to:Further Dining Area:19'8 x 15'3 (5.99m x 4.65m) With central heating radiators, sideentrance door.Kitchen:21'3 x 14'8 (6.48m x 4.47m) with an area to the rear which opens upinto the store , t i led f loor and t i led walls , rear Entrance Lobby,Cloakroom and toilet.

Stairs rise to the First FloorInternal Hallway:With single panelled central heating radiator and arrange off are:Sitting Room:21'4 x 15'3 plus bay window to the front (6.50m x 4.65m plus baywindow to the front) Fire place and central heating radiator.Bedroom:18'0 x 12'1 to the back of the wardrobes (5.49m x 3.68m to the backof the wardrobes)With central heating radiator, built in range of furniture.Bathroom:With fully tiled walls and tiled floor and suite comprising: close coupledw.c., pedestal wash hand basin, 'P' shaped bath, central tap, airingcupboard with hot water cylinder.Kitchen:With inset bowl and a half single drainer sink unit range of white walland floor units under complimentary work surface, built in four ring hobunit with oven below and extractor over, cupboard with boiler forcentral heating and domestic hot water, tiled walls to the preparationarea, plumbing for washing machine.

Stairs Continue to the Second FloorWith landing area and arrange off are:

Bedroom:10'0 x 14'8 plus recess area (3.05m x 4.47m plus recess area)Vanity wash hand basin, central heating radiator.

Bedroom:12'0 x 16'5 max, irregular shaped into recess (3.66m x 5.00m max,irregular shaped into recess).Central heating radiator, fireplace.

Bedroom:10'10 x 12'6 plus recess (3.30m x 3.81m plus recess)Central heating radiator.

En Suite Shower RoomWith suite comprising: shower cubicle with shower, wash hand basin,close coupled w.c.

Bathroom:With suite comprising: bath, close coupled w.c., pedestal wash hand basin,shower cubicle with fitted shower, central heating radiator.

Externally:Access to the side which leads to the car park area and a Garage.

VATVAT will be payable at the standard rate (20%) on 90% of the purchaseprice.

RatesThrough our verbal enquiry with the South Kesteven District Council weare advised that in the period of 2016-2017 the Rateable Value is£11,500.00.


Tenure: Freehold


Local Authority: South Kesteven District Council


NB: Services, Apparatus and equipment have not been tested by AuctionHouse and therefore cannot be verified as being in working order. The buyer isadvised to obtain verification from their Solicitor/Surveyor.

Solicitors: Chattertons, 9 Broad Street, Stamford, PE9 1PY.


EPC: D

LOT 7


43 Tower Street, Gainsborough, Lincolnshire DN21 2JQ*GUIDE PRICE £42,000 - £46,000*Description on Auction Information page

SituationA traditionally constructed end of terrace house which has been wellmaintained by the present vendor, situated in an established residentialarea a short distance from the town centre and Marshalls Yard RetailComplex. The property which may appeal to the investor offersaccommodation briefly comprising through Lounge/Dining Room, 14'Kitchen with range of wall and floor units, lobby and Bathroom, 2 firstfloor Bedrooms and Attic Room. The property benefits from gas firedheating, double glazing and an enclosed yard to the rear.

DescriptionThrough Lounge/Dining Room: 4.52m narrowing down to 3.76m x6.73m (14'10 narrowing down to 12'4 x 22'1) With hardwood frontEntrance Door, uPVC double glazed window to the front elevation,central heating radiator x 2, uPVC double glazed window to the side,useful under-stairs storage cupboard.Kitchen: 4.34m x 2.57m (14'3 x 8'5) With stainless steel inset singledrainer sink unit, range of wall and floor units under complimentarywork-surface, including five eye level units, two with leaded light glazeddoors, wall mounted gas fired boiler for central heating and domestichot water, provision for cooker, plumbing for washing machine, uPVCdouble glazed window to the side elevation, uPVC double glazed doorto the rear, central heating radiator.Inner Lobby Area: With store

Bathroom: With white suite comprising: close coupled w. c., pedestalwash hand basin, bath, part tiled walls, extractor, uPVC double glazedwindow.Staircase to First Floor: With Landing area and arranged off are:Bedroom: 4.57m x 2.90m (15'0 x 9'6) With single panelled centralheating radiator, uPVC double glazed window.Bedroom: 3.71m x 2.90m (12'2 x 9'6) uPVC double glazed window,single panelled central heating radiator.Staircase to Attic Room: 4.55m x 3.99m average (14'11 x 13'1average)With sloping ceiling, 2 x single panelled central heating radiator,double glazed window.Externally: To the rear of the property is an enclosed concreted yard.


Tenure: Freehold



Services: Prospective purchasers are advised to make their own enquiries ofthe relevant statutory authorities. NB: Services, Apparatus and equipmenthave not been tested by Auction House and therefore cannot beverified as being in working order. The buyer is advised to obtainverification from their Solicitor/Surveyor.



EPC: E

LOT 8

Plots/Building Land

Res. Development Site, Adjoining 66 Nelson Street, Gainsborough, DN21 2SE*GUIDE PRICE £30,000 - £40,000*Description on Auction Information page

SituationThe site is located on Nelson Street, opposite the Fire Station, in anestablished residential area near to the principal schools and convenientfor the towns leisure facilities, Market Place and the prestigious Marshall'sYard Retail, Commercial and Leisure Complex.DescriptionThe site is currently lock-up garages and has a frontage to Nelson Streetof approximately 14m (46') at an average depth of 18m (59').

Planning:"Outline planning permission for the development of existing garage siteto No. 2 townhouses with all matters reserved" was granted by WestLindsey District Council on the 16th November 2015, applicationnumber 133093. Copies of the plan and planning consent form areavailable for inspection at the Auctioneers offices.


Tenure: Freehold





Solicitors: Wilkin Chapman, 15 South Market Place, Alford, Louth, LN13 9AE.


LOT 9


24 Cromwell Street, Gainsborough, Lincolnshire DN21 1DH*GUIDE PRICE £43,000 - £47,000*Description on Auction Information page

SituationA traditional constructed bay fronted terraced house situated in anestablished residential area of similar style properties a few minutes drivefrom the town centre and Marshalls Yard retail complex.The property which may appeal to the investor or owner occupieroffers scope for further modernisation and has accommodation brieflycomprising: Entrance Hall, Sitting Room with archway to Dining Room,Kitchen with wall and floor units, rear Lobby and small utility area, firstfloor 2 bedrooms and bathroom. The property benefits from gas firedheating and double glazing with an enclosed yard to the rear.

DescriptionEntrance Porch:Entrance Hall: With uPVC double glazed front door and radiator.Sitting Room: 3.40m x 3.28m (11'2 x 10'9) uPVC double glazed baywindow to the front elevation, fireplace with provision for electric fire,radiator, arched window to Entrance Hall, Archway to:Dining Room: 3.84m x 3.33m (12'7 x 10'11)With fireplace, uPVCdouble glazed window to the rear, radiator.Lobby: With under-stairs storage cupboard.Kitchen: 3.48m x 2.57m (11'5 x 8'5) With stainless steel single drainerinset sink unit, range of wall and floor units, provision for cooker, wallmounted gas fired boiler for central heating and domestic hot water,

tiled floor and walls to preparation area, uPVC double glazed windowand door to the rear, radiator.Rear Lobby and area: With plumbing for washing machine.Stairs to First Floor Landing: Drop down ladder gives access toattic area.Bedroom 1: 4.27m x 3.40m (14'0 x 11'2) With uPVC double glazedwindow to the front elevation, cloaks cupboard and radiator.Bedroom 2: 3.84m x 2.54m (12'7 x 8'4) With uPVC double glazedwindow to the rear, radiator.Bathroom: 3.45m x 2.57m (11'4 x 8'5) With white suite comprising:bidet, pedestal wash hand basin, close coupled w.c., panelled bath withchrome mixer shower tap, airing cupboard with pre lagged hot watercylinder, uPVC double glazed window to the rear, radiator.Externally: To the front of the property is a small area of garden andto the rear an enclosed yard.

Selective Licencing: This property falls into the Selective Licensing inGainsborough South West Ward and prospective purchasers arestrongly advised to visit www.thehomesafescheme.org.uk or www.west-lindsey.gov.uk/selectivelicencing for further information.


Tenure: Freehold





Solicitors: Jones & Co, Cannon Square, Retford, DN22 6PB.


EPC Rating: D

LOT 10


5 Hargrave Street, Grimsby, Lincolnshire DN32 2RA*GUIDE PRICE £25,000+*Description on Auction Information page

SituationA mid terrace house situated in an established residential area of similarstyle properties a short distance from the town centre where there areexcellent amenities. The property which may be of interest to theinvestor offers scope for further modernisation. The accommodationbriefly comprises through lounge, dining room, breakfasting kitchen withrange of units, 2 first floor bedrooms and bathroom. There is gas firedheating and an enclosed yard to the rear.

DescriptionEntrance Lobby: uPVC front doorThrough Lounge Dining Room: 6.93m x 3.94m (22'9" x 12'11")With uPVC double glazed window to the front and rear elevation, tworadiators.Breakfast Kitchen: 6.20m 2.31m (20'4" x 7'7") plus lobby whenwalking in room with understairs area. Stainless steel single drainer insetsink unit, range of oak wall and floor units, provision for refrigerator, 4ring hob unit, extractor over, oven in housing, plumbing for washingmachine and dishwasher, wall mounted gas fired boiler for centralheating and domestic hot water, uPVC double glazed sliding patio doorsto the rear radiator.Stairs to First Floor Landing: With radiator

Bathroom: 3.25m x 2.54m (10'8" x 8'4") With panelled bath, closecoupled w.c, pedestal wash hand basin, corner shower cubicle withshower, panelling to dado and radiator.Bedroom: 3.43m x 3.02m (11'3" x 9'11") With uPVC double glazedwindow to the rear, laminate flooring and radiator.Bedroom: 3.99m x 3.61m (13'1" x 11'10") with uPVC double glazedwindow to the front and radiator.Outside: To the rear of the property is an enclosed yard with deckingoff the patio doors from the breakfasting kitchen.


Tenure: Freehold


Local Authority: North East Lincolnshire Council



Solicitors: Wilson's Solicitors, 20 The Grove, Ilkley, LS29 9EG.


EPC: E

LOT 11


Hall Cottage, Spring Lane, Shireoaks, Worksop, Nottinghamshire S81 8LY*GUIDE PRICE £250,000 - £300,000*Description on Auction Information page

SituationThis delightful cottage is situated within the conservation area on thefringe of the popular village of Shireoaks adjoining open countryside. Thevillage has Parish Church, local shops and amenities and is convenient forthe market town of Worksop and also junction 31 of the M1 at Aston.Shireoaks railway station has excellent links to Sheffield, Retford andLondon. Hall Cottage is a detached rural property of much charm andcharacter affording tremendous scope for imaginative renovation andimprovement. This interesting property enjoys an elevated position withviews over open countryside to the south west. It has a stuccoedexterior under a multi pitched rosemary tiled roof, many of the originalwindows being leaded light. This is a truly quaint property which mustbe viewed to be appreciated. The accommodation comprises: -

DescriptionSouth Facing Porticoed Entrance:With oak posts under a hipped rosemary tiled roof. Tiled floor.Entrance Lobby:Substantial front door, understairs cupboard.Sitting Room:5.65m x 3.69m (18’6 x 12’1)Parquet wood block floor, attractive brickette fireplace with provision foropen fire, oak timber surround, tiled hearth. Beamed ceiling, tworadiators. Leaded light double French doors to:South Facing Conservatory:4.66m x 1.71m (15’3 x 5’7)Tiled floor, open views.Dining Room:2.57m x 2.75m (8’5 x 9’0)Plus recess, Clay gate corner fireplace with provision for open fire,parquet wood block floor, leaded light window, radiator.Kitchen:3.86m x 2.90m (12’8 x 9’6)Original kitchen units, some with leaded light glazed doors, doubledrainer stainless steel sink unit, Trianco oil fired boiler for central heatingand domestic hot water, part tiled walls, leaded light window.Garden Room:3.66m x 2.82m (12’0 x 9’3)

Double glazed window units.Utility Cupboard:Plumbing for automatic washing machine. Burglar alarm.Access from Garden Room to:Study/Family Room/3rd Bedroom:3.99m x 2.99m (13’1 x 9’9)South facing double glazed window with shutters, radiator. Sliding doorto:Fully Tiled En Suite Shower Room:Shower cubicle with Aqua Lisa shower, pedestal wash basin, low flushw.c., leaded light window, heated towel rail, Dimplex fan assistedradiator.

Staircase from Inner Hall to Half Landing:Interesting shaped window.First Floor Landing:Access to eaves storage cupboard and roof space.Bedroom 1:4.66m x 3.03m (15’3 x 9’11)Range of built in wardrobes, leaded light windows to the west and north,radiator.Bedroom 2:3.54m x 3.30m (11’7 x 10’9)Leaded light window, built in wardrobe with locker cupboards over,original fireplace, walk-in clothes closet, radiator.Half Tiled Bathroom:2.43m x 1.94m (7’8 x 6’4)Cast iron bath with mixer shower tap, pedestal wash basin, low flush w.c.,airing cupboard, electric towel rail.Outside:The property has a private access via a long driveway from Spring Laneand enters the gardens on the south west and encircles the cottage. Concrete section single Garage. There are delightful patio areas, ideal foralfresco dining. Steps down to a sunken private and secluded lawnedgarden. On the boundaries are many species of interesting ornamentaltrees and shrubs. The total extent of the property is 0.45 acres orthereabouts.


Tenure: Freehold





Solicitors: Bradford & Son, 9 Moorgate Road, Rotherham, S60 2EN.Viewing: Strictly by appointment with Auction House.

EPC: TBC

LOT 12

Residential

Old Coach House North, Wellow Hall, Newark Road, Wellow, NG22 0EA*GUIDE PRICE £120,000 - £140,000*Description on Auction Information page


Tenure: Freehold


Local Authority: Newark and Sherwood District Council


NB: Services, Apparatus and equipment have not been tested byAuction House and therefore cannot be verified as being inworking order. The buyer is advised to obtain verification fromtheir Solicitor/Surveyor.

Solicitors: Illett & Clark, 86 Bridge Street, Worksop, S80 1JA.


EPC: E

LOT 13

SituationA Grade II listed semi detached former Coach House which may appealto the cash buyer due to Japanese knotweed be ing found in theadjoining garden, which has been treated for the last 2 years and mustcontinue treatment every 6 months for the next 3 years. Wellow is apopular village with a village green, maypole and local pub and is a shortdrive from Clumber Park and Rufford Park near to Sherwood Forrestand enjoys good road access to surrounding towns including Retford andthe city of Nottingham. The accommodation briefly comprises EntranceHall, with rust exposed brick flooring, Sitting Room with feature brickbuilt fireplace, Dining Room/ Bedroom 3, Dining Kitchen & Cloakroom,2 first floor bedrooms with sloping ceilings and bathroom with slopingceiling. The property has oil fired heating, an area of lawned garden andparking for 2 cars to the front and lawned rear garden with paved patioarea and original well.

DescriptionEntrance Hall: With feature oval windows, central heating radiator,feature exposed rustic brick flooring, original doors to the kitchen &dining room and panelled doors to the cloakroom and lounge.Sitting Room: 4.60m x 5.11m (15'1" x 16'9") With feature recessedbrick fireplace with timber mantle over, Quarry tiled hearth, exposedbrick walling, feature oval windows, glazed French style doors openingup onto the rear elevation, central heating radiator, wall light points,beams to ceiling.Dining Kitchen: 4.60m x 4.11m (15'1" x 13'6") Stainless steel insetsingle drainer sink unit, range of oak fronted wall and floor units undercomplimentary work surface with peninsular unit with four ring hob unit,oven in housing, plumbing for washing machine, light oak laminated floor,stable style door opening up onto the rear elevation. Window to the

rear elevation, tiled walls to the preparation area, central heatingradiator, window to the front, exposed beams to the ceiling, featuretimber panelling.Dining Room / Bedroom 3: 3.89m x 3.05m (12'9" x 10'0") Withcentral heating radiator, window to the rear, continuation of beams tothe ceiling, light oak laminated flooring and part original wood panelledwalls.Cloakroom: With suite comprising: close coupled w.c,, vanity washhand basin with cupboard below.From Sitting Room returning staircase to First Floor: Withlanding area with sloping ceiling and arranged off are:Bedroom: 1.63m x 5.11m average (5'4" x 16'9" average) Slopingceiling, skylight window, central heating radiator, access into the eaves,storage space.Bedroom: 3.94m x 1.50m average (12'11" x 5'0" average) Withsloping ceiling, measurement plus a recess taken to the built in cupboard,access to the eaves storage space, central heating radiator, skylightwindow.Bathroom: With suite comprising: twin vanity wash hand basin withcupboards below, panelled bath with electric shower and tiled over thebath, close coupled w.cExternally: Outside to the front of the property is a shared drivewaywhich gives parking for vehicles, area of garden and pathway. Pathway tothe side leads to the rear where there is an original well. Oil storage tankand a slabbed patio area with area of lawned garden going off beyondand outside to the rear is the oil fired boiler.


6D Northolme Mews, Northolme, Gainsborough, Lincolnshire DN21 2JD*GUIDE PRICE £49,000 - £55,000*Description on Auction Information page

SituationThis two bedroom 1st floor apartment briefly comprises the followingaccommodation entrance hall, sitting room, kitchen/diner and familybathroom. Externally the property is accessed via a shared drivewayleading to single garage and parking. The property benefits from uPVCdouble glazing and gas central heating.The property is situated onNortho lme Mews wh ich is a converted deve lopment in a we l l-established residential area of the market town of Gainsborough.Gainsborough itself offers a wealth of local amenities including theQueen Elizabeth High School and Marshall's Yard Retail Complex. Thereis good road access to surrounding towns and the historical City ofLincoln

DescriptionHallway: uPVC double glazed door, carpeted, radiator with thermostatcontrol, wall mounted thermostat control, chrome light switches, lofthatch.Sitting Room: 3.84m x 3.35m (12' 7" x 11' 0") Carpeted, coving toceiling, radiator with thermostat control, uPVC double glazed window tothe side elevation, t.v. point, phone point and chrome light switch.Kitchen/Diner: 3.94m x 3.81m (12'11" x 12'6") uPVC double glazedwindow to the rear e levat ion, integrated 4 x ring inset gas hob,integrated fan assisted oven, stainless steel sink with drainer and mixertap over, tiled splash backs to preparation areas, number of wall and

base units, radiator with thermostat control, plumbing and space forwashing machine, space for fridge/freezer, laminate effect flooring, wallmounted gas fired Ideal boiler which is 1 year old with a 7 year warrantystill running until January 2022 (Details are available to view).Bedroom 1: 4.06m x 2.69m (13' 4" x 8' 10") Carpeted, radiator withthermostat control, coving to ceiling, uPVC double glazed window to theside elevation, chrome light switch.Bedroom 2: 3.10m x 2.06m (10' 2" x 6' 9") Carpeted, coving to ceiling,radiator with thermostat control, uPVC double glazed window to theside elevation, chrome light switch.Bathroom: 3.84m x 1.96m (12' 7" x 6' 5") uPVC double glazedwindow to the side elevation, three piece white suite comprising: lowflush w.c., bath with panel, sink with vanity unit, radiator with thermostatcontrol, useful storage cupboard and carpeted.Externally: The property is accessed by a shared driveway offNortho lme, with s ing le garage and parking . The property has anenclosed courtyard with concrete steps leading to the front door.Tenure: We are informed that the lease is dated 27th February 1990and is for a term of 125 years from 1st January 1990 thus approximately99 years unexpired.


Tenure: Leasehold





Solicitors: Trentside Legal, 10-14 Hickman Street, Gainsborough, DN21 2DZ.


EPC: D

LOT 14


3 Tower Street, Gainsborough, Lincolnshire DN21 2JQ*GUIDE PRICE £35,000 - £39,000*Description on Auction Information page

SituationA traditionally constructed terraced house which offers scope for furthermodernisation and improvement in an area of similar style properties afew minutes walk from the town centre and Marshalls Yard retailcomplex.The property offers accommodation briefly comprising: SittingRoom, Dining Room, Kitchen with range of wall and floor units,Bathroom and rear Lobby. To the first floor are 2 Bedrooms and stairsto an Attic Bedroom To the rear of the property is an enclosed yard.

DescriptionSitting Room: 3.73m x 2.84m (12' 3 x 9' 4) uPVC double glazedwindow to the front elevation, uPVC front Entrance Door, tiledfireplace, glazed doors opening onto the:Dining Room: 3.63m x 3.71m (11' 11 x12' 2) Including the area underthe stairs. Tiled fireplace.Kitchen: 2.44m x 1.80m (8' 0 x 5' 11)With stainless steel single drainer sink unit, range of floor and wall units,provision for cooker, part tiled walls. Glazed door to:Rear Entrance Lobby: uPVC double glazed doors.Bathroom: With suite comprising: pedestal wash hand basin, panelledbath, airing cupboard, with hot water cylinder, uPVC double glazedwindow and beyond is:Half Tiled Toilet:

Staircase to First Floor: This gives access to:Front Bedroom: 3.73m x 2.87m (12' 3" x 9' 5") uPVC double glazedwindow to the front elevationBedroom: With uPVC double glazed window to the rear elevationStairs to Attic Room: 3.40m (11' 2") x 3.40m (11' 2") With slopingceiling, double glazed sky lights.Externally: To the rear of the property is an enclosed yard.


Tenure: Freehold





Solicitors: Burton & Dyson, 22 Market Place, Gainsborough, DN21 2BZ.


EPC: G

LOT 15

Decisionson the spot…

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orspeak to us at auction.

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Agricultural/Amenity Land

2.78 acres Amenity Woodland and Ponds, Dog Island, Beckingham Marshes, Near Gainsborough

*GUIDE PRICE £15,000 - £20,000*Description on Auction Information page

SituationThe land lies on the east bank of the River Trent opposite the town ofGainsborough, Lincolnshire. Despite its proximity to Gainsborough theland lies in the Parish of Beckingham in the County of Nottingham. Access is over a right of way from the A631 Flood Arches Roadbetween Gainsborough and Beckingham or by foot along the river bankpath adjoining the Trentport Inn.2.78 acres or thereabouts of freeholdland . Historically the area was associated with the River Port ofGainsborough and provided wharfage to the River Trent. There isevidence of earlier possible medieval occupation. The site is nowcovered with trees mainly self set but with some fruit trees and thereare 3 ponds.This would be a property of interest to the naturalist orfisherman as well as providing a site for relaxation and solitude.

DescriptionSchedule:N.G. No. Area - Acres Hectares3456 1.96 0.7933055 .14 0.0563449 .68 0.275Total 2.78 1.124

Access:Access is via a right of way from the A631 road through a locked gate. The owner of the property is a keyholder. The property can also beapproached on foot along the riverside path running from the TrentBridge alongside the Trentport Inn.


Tenure: Freehold





Solicitors: Adams Harrison, 52a High Street, Haverhill, Suffolk, CB9 8AR.


LOT 16

Memorandum Of Sale

Property Address: Lot No.

The Vendor :

The Purchaser :

Post Code: Tel:

It is agreed that the Vendor sells and the Purchaser buys the property described in the accompanying particulars and*conditions of sale subject to their provisions and the terms and stipulations in them at the price above mentioned.

Purchase Price: £

Less Deposit: £

Balance: £

Dated:

Completion Date:

Signed:

Authorised Agent for Vendor

As Agents for the Vendor we acknowledge receipt of the deposit in the form

of:

Dated:

Signed:

The Purchaser

Purchasers Solicitor :

Post Code: Tel:

Vendors Solicitor :

Post Code: Tel:

* For the purpose of this contract, the conditions of sale include the three sections of the RICS Common Auction Conditions, the Glossary, Conduct of the Auctionand the General Conditions.

In addition and at the same time, the purchaser is required to pay by cheque to the Auctioneer an Administration Charge of£420.00 (£350.00 + VAT).

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

Name:

AUTHORISATION FOR BIDDING BY PROXY OR TELEPHONE

Name of Company (if applicable):

Of (address):

Postcode:

Mobile:Tel:

Email:

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

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

Lot No.:

PROPERTY AND BID DETAILS

Property Address:

My maximum bid (proxy bids only) will be: £

(amount in words):

DEPOSIT (tick as applicable)

I attach a cheque for 10% of my proxy bid or £2000, whichever is the greater, plus £420.00 (£350.00 + VATAdministration Charge)

Signed:

My cheque of £

I attach a blank cheque to be completed by the Auctioneer if my bid is successful, within which he will include£420.00 (£350.00 + VAT Administration Charge)

OR

is made payable to AUCTION HOUSE

(amount if applicable)

SOLICITORS

My solicitors are:

Of (address):

Postcode:

Person Acting:Tel:

Date:

PLEASE MARK THE ENVELOPE EITHER PROXY OR TELEPHONE BID

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

TERMS AND CONDITIONS FOR TELEPHONE BIDS AND BIDDING BY LETTERAnyone not able to attend the auction and wishing to make a bid for any property,

do so on the following terms and conditions:

1. The bidder must complete a separate authority form for each Lot involved, and provide a bankers draft, solicitor’s client’s accountcheque or personal cheque for 10% of the maximum amount of the bid for each Lot. Please note the minimum deposit for any bid is£2,000 PER LOT. We will require proof of identity in the form of a driving licence or passport and a utility bill.

2. The form must be sent to, or delivered to: Written & Telephone Bids, Auction House Lincolnshire, North Notts and South Yorks,Rebrook House, 124 Trinity Street, Gainsborough DN21 1JD to arrive before 6pm two working days prior to the start of the auction.It is the bidders responsibility to check that the form is received by Auction House North Lincs, North Notts and South Yorks and thiscan be done by telephoning the office.

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

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

5. In the case of a written bid, Auction House Lincolnshire, North Notts and South Yorks staff will compete in the bidding up to themaximum of the authorisation. If no maximum is inserted, Auction House reserve the right not to bid.

6. Auction House Lincolnshire, North Notts and South Yorks reserve the right not to bid on behalf of written bidders, in the event ofany error, doubt, omission, uncertainty as to the bid, or for any reason whatsoever and give no warranty, or guarantee, that a bid wouldbe made on behalf of the bidder and accept no liability.

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

8. In the event of a Contract, the deposit monies will be applied so far as necessary to meet the requirement for a 10% deposit(minimum £2,000) and the balance of the deposit (if any) will be held by the vendors solicitor pending completion. An Administrationcharge of £420.00 (£350.00 + VAT) should be added to the deposit cheque or a separate cheque should be made payable to AuctionHouse.

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

10. The Auctioneer will make no charge to a prospective purchaser for this service and will accept no liability whatsoever for any bid notbeing made on behalf of the prospective purchaser whether through lack of clarity of instructions or for any other reason whatsoever.Prospective telephone purchasers will not hold Auction House Lincolnshire, North Notts and South Yorks liable for any loss or claimsrelating to the telephone bidding system. The prospective purchaser will be advised if the relevant lot has been successfully purchasedon his behalf as soon as possible after the auction. Where the lot has not been purchased the prospective purchaser will be notifiedby post and the deposit returned as soon as reasonably possible.

11. Once delivered to the Auctioneers, the authority to bid is binding on the bidder on the day on which the particular Lot is auctioned.This is to allow for the possibility of a Vendor agreeing to sell post auction where the bidding has not reached the reserve.

12. The authority can only be withdrawn by notification in writing delivered to Auction House Lincolnshire, North Notts and South Yorksat their office two hours before the start of the auction on the day the relevant Lot is scheduled to be auctioned, or by delivery intothe hands of the Auctioneer in the auction room half-an-hour before the start of that day’s auction. It is the bidders responsibility toobtain a receipt on a copy of the withdrawal notification signed by one of the Auctioneers and without such a receipt the authoritystands, any successful Contract is binding on the bidder.

13. If the bidder, or an agent, actually bids at the auction without having previously withdrawn the authority, the Auctioneer is at liberty toaccept such bid in addition to any bid from Auction House Lincolnshire, North Notts and South Yorks staff as empowered under thewritten authority. Auction House Lincolnshire, North Notts and South Yorks will have no liability whatsoever if the price achieved isthe result only of this competition in bidding without intervention from other bidders.

14. Prospective purchasers are advised in respect of telephone bids should they become disconnected during bidding or are unobtainable,Auction House Lincolnshire, North Notts and South Yorks will not be held responsible or liable for any loss suffered in respect thereof.

I hereby confirm that I have read and understood the above terms and conditions to bid by letter.

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

Please sign this page and ensure the form overleaf is completed

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

the seller may fix the final reserve price just before biddingcommences

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

the Glossary

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

applicable, a stakeholder.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

the rent deposit deed.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

proceedings, including copies of all correspondence and otherpapers; and

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Land Registry relating to the application.

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

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

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

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

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

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

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

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

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

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

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AUCTION DATES 201721st February

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