1 1 t h J U LY 2 0 1 3
AUCTION
THURSDAY 11th JULY 2013
11:00 AM
LOCATION
ASTON VILLA FOOTBALL CLUB
VILLA PARK
BIRMINGHAM
B6 6HE
0121 247 2233 auctions@cottons.co.uk
www.cottons.co.uk
Important notice to be read by all bidders
Condition of Sale
Each Property/Lot will, unless previously withdrawn, be sold subject to the special and
general conditions of sale which have been prepared by the Vendors Solicitors. These
conditions are available for inspection prior to the auction sale at the Vendors Solicitors
and Auctioneers offices and online at www.cottons.co.uk and will also be available for
inspection in the sale room on the day of the auction, but they will NOT then be read.
The purchaser shall be deemed to bid upon these terms whether they have inspected
the conditions or not
Auctioneers Advice
If your bid is successful, you will have entered into a binding contract to purchase that
particular Lot. It is therefore important that you consider the following:
1. It is important for you to view the property and satisfy yourself as to the condition,
obtaining any Surveyors reports you may feel appropriate. Viewing arrangements for
each Lot are shown in the catalogue. Inspection of investment properties, is by courtesy
of the tenant(s) and full consideration should be given to their occupancy.
2. It is assumed that interested parties have carefully inspected the relevant properties
and made appropriate pre-contract searches and enquiries. You are advised to instruct
your legal adviser to make these enquiries on your behalf. It is strongly recommended
that prospective purchasers check the Auction particulars to satisfy themselves of the
accuracy of all measurements, descriptions, statements etc and to confirm for their
own purpose, any fixtures, fittings or contents present in the property, which are to
be included or excluded from the sale. All measurements and areas referred to in
these particulars are approximate only. Neither the Auctioneers nor the Vendor(s)
are responsible for errors in description of any Lot or for any fault or defect, giving
no warranty whatsoever, the buyers being held to have satisfied themselves as to
the condition and description of the Lots before bidding. All information relating to
investment properties has been provided by the vendors or agents acting on their
behalf and whilst deemed to be accurate the auctioneers can provide no guarantees to
this effect. All interested parties must satisfy themselves that the tenancy information
contained within the auction catalogue is correct and bid on this basis.
3. The Auctioneers and/or Vendor(s) reserves the right to sell or withdraw any lot
prior to the auction sale and cannot be held responsible for any abortive costs, losses
or damages of a prospective purchaser. We would strongly recommend that you
telephone on the day prior to the auction sale to confirm that the property you are
interested in, is still for sale.
4. Some lots may be subject to last minute changes or corrections given on the day of
the auction by way of addendum.
5. The Auctioneers provide no guarantee nor have they tested any of the services,
sanitary fitments, drains and any other pipework, appliances, heating systems and
electrical fitments. Prospective purchasers are advised to undertake their own
investigations.
6. It is important that any finance arrangements are made well in advance of the auction
date, as you will normally be expected to complete the sale within 28 days thereafter.
Important Notice
All Bidders must arrive at the Auction with the required Identification
Documents and an appropriate means of Deposit Payment. Full details
are outlined below. If you fail to comply with these requirements, we will
be unable to register you for Bidding.
Proceeds of Crime Act 2002/
Money Laundering Regulations 2003
Money Laundering Regulations were introduced by the Government
from 1st March 2004 governing the way in which auction deposits are
taken.
To comply with this Act, we require all purchasers to pay their deposit
by any of the following methods:
• Bank/Building Society Draft
• Personal/Company Cheque (All cheques must
be accompanied by a Bank/Building Society
statement showing proof of funds)
• Debit/Credit Card Payments
All purchasers are requested to ensure that cleared funds are available
on the day of the auction which may entail a transfer of funds to their
bank account three days before the auction.
Credit card or Business card Payments
Payment by credit card or debit card is acceptable. For payments by
credit card or by a card linked to a business or corporate account a
2.00% surcharge is payable.
Please note we only accept Visa and MasterCard. All cards must be Chip
& Pin enabled.
Any payments by third parties must be accompanied by the third parties full
ID and authorisation in writing.
ID
All purchasers will be required to provide proof of both their Identity
and Current Address. We require that all parties intending to bid for any
properties, must bring with them the following items:
7. Where a guide price (or range of prices) is given that guide is the minimum price
at which, or range of prices within which the seller might be prepared to sell at the
date of the guide price but guide prices may change. All bidders will be notified of this
change by the Auctioneer prior to the Lot being offered. The reserve price will be
agreed between the auctioneer and the vendor prior to the auction sale and will be
the minimum price that the vendor is prepared to accept. Whilst the reserve price is
confidential it will usually be set within the quoted guide range and in any event will not
exceed the highest quoted guide price.
8. We the Auctioneers may refuse to accept a bid. We do not have to explain why. If
there is a dispute over bidding we are entitled to resolve it and our decision is final. Unless
stated otherwise, each lot is subject to a reserve price. If no bid equals or exceeds that
reserve price the lot will be withdrawn from the auction. The seller may bid (or ask us
or another agent to bid on the seller’s behalf) up to the reserve price but not make a
bid equal to or exceeding the reserve price. You accept that it is possible that all bids
up to the reserve price are bids made by or on behalf of the seller.
9. At the fall of the hammer the property is legally sold and the purchaser is liable for
insuring the property that they have purchased. The Auctioneers have arranged, through
their special “Auction Block Policy”, insurance cover for all Lots for a period of 28 days,
from the auction date. This insurance is subject to confirmation by the purchaser within
30 minutes of the sale. A certificate of cover, will be issued upon payment of a nominal
premium.
10. At the fall of the hammer, the successful bidder must immediately present to the
Auctioneers staff their name, address and solicitors details, and if bidding on behalf of a
third party, the name and address of the person or company, on whose behalf they have
been bidding. Proof of identity is required, so ensure that you bring with you a Driving
Licence, Passport or other acceptable form of identification.
11. The successful bidder will be required to sign a contract and to deposit 10% of the
purchase price or successful bid before leaving the auction room. If the purchaser fails to
comply with this condition, the money deposited, in part payment or the full purchase
price, if this has been paid by the purchaser, shall be forfeited and any or all of the Lots
may, at the discretion of the Auctioneers, be re-sold by public or private sale and any
deficiency, together with all costs, attending such a re-sale, shall be made good by the
defaulter at this sale.
12. If any question should arise, not provided for in any of the conditions, the
Auctioneers shall decide the same and their decision shall be final.
13. The Auctioneers reserve the right to photograph successful bidders for security
purposes.
14. The successful bidder will be required to pay an Administration Fee of £395 + VAT,
in addition to the 10% deposit (subject to a minimum deposit of £2000), being payable
on each lot purchased whether purchasing prior, during or after auction, except for Lots
with a purchase price of £10,000 or less, then the fee will be £150 + VAT.
15. Value Added Tax: It is the responsibility of all bidders to inspect the legal packs and
make their own enquires relating to whether or not VAT will be charged in addition to
the purchase price for a particular Lot.
• Full UK Passport or Photo Driving Licence (for identification)
• Either a Recent Utility Bill, Council Tax Bill or Bank
Statement (as proof of your residential address)
If you have questions regarding deposit payment or relating to the
documentation required, then please do not hesitate to contact the
auction department prior to the sale day.
IN MEMORY OF
Hughie Christopher McCourt
Passed away on
14th May 2013
Sunrise: 12th June 1952
Sunset: 14th May 2013
Many of you will recognise this gentleman – sadly to say now the late
Hughie McCourt – who passed away on 14th May 2013.
As many of you will know, Hughie worked for Cottons Auction
Department for the past 10 years dealing with our Auction Viewings
and helping us generally in our Auction Department.
All of us at Cottons, have very fond memories of him. Hughie never
let us down, and he always managed to be at the right property at the
right time – not easy when we have fixed times for viewings and one
never knows whether one or two will turn up, or as he experienced
on some occasions one or twenty two!
Hughie always had a smile on his face, and a happy disposition,
and he will be sadly missed by the Partners and staff
at Cottons and by all who knew him.
A Collective Auction Sale of 63 LOTS
Comprising of a range of Residential and Commercial, Vacant and Investment properties, Land and Development
Opportunities. By instruction of a variety of Vendors including Banks, Receivers, Insolvency Practitioners, Solicitors,
Joint Property Agents, Companies and Private Clients.
Order of Sale
Lot Property
Lot Property
1 238 HARDEN ROAD, WALSALL, WS3 1BS
Freehold Vacant Residential 53 5 DOVEDALE AVENUE, WILLENHALL, WEST MIDLANDS, WV12 4NA
2 82 DORRINGTON ROAD, PERRY BARR, BIRMINGHAM, B42 1QT
Freehold Vacant Residential 54 422 PORTLAND ROAD, EDGBASTON, BIRMINGHAM, B17 8LT
3 ROUGH HAY GOSPEL HALL, HALL STREET EAST, WEDNESBURY, WS10 8PE
Freehold Vacant Church Hall 55 1 SUNNYSIDE, COVENTRY ROAD, KINGSBURY, TAMWORTH, B78 2LW
4 UNIT 10 GRAISLEY ROW, WOLVERHAMPTON, WV2 4HE
Freehold Commercial Investment 56 6 BARRS STREET, OLDBURY, WEST MIDLANDS, B68 8QU
5 FLAT 31, TRAFALGAR COURT, TIVIDALE, WEST MIDLANDS, B69 2JD
Leasehold Residential Investment 57 107 EVESHAM ROAD, REDDITCH, WORCESTERSHIRE, B97 4JX
6 FLAT 1, WILLOW COURT, COPPICE ROAD, MOSELEY, B13 9DP
Freehold Vacant Residential 59 37 CALDMORE ROAD, WALSALL, WEST MIDLANDS, WS1 3NQ
8 70 KNOWLE ROAD, SPARKHILL, BIRMINGHAM, B11 3AW
Freehold Vacant Residential 60 159 GROVE LANE, HANDSWORTH, BIRMINGHAM, B20 2HE
10 11A - 15 PICCADILLY, HANLEY, STOKE ON TRENT, ST1 1DG
11 57 COPPICE LANE, WILLENHALL, WEST MIDLANDS, WV12 5RT
12 10 WELLINGTON ROAD, BILSTON, WEST MIDLANDS, WV14 6AA
13 40 - 40A HORSE FAIR, BIRMINGHAM, B1 1DA
14 THE FLUTE, NEWCASTLE ROAD, MILL MEECE, ECCLESHALL, ST21 6QT
15 FLAT 43A, RUDGE AVENUE, WOLVERHAMPTON, WV1 2AS
16 565 COVENTRY ROAD, SMALL HEATH, BIRMINGHAM, B10 0LP
Freehold Vacant Residential
Freehold Residential Investment
Freehold Vacant Residential
Freehold Commercial Investment
Leasehold Vacant Residential 58 81 BROMFORD LANE, ERDINGTON, BIRMINGHAM, B24 8JR
7 9 WARD ROAD, GOLDTHORNE PARK, WOLVERHAMPTON, WV4 5HE
9 83 BRADES ROAD, OLDBURY, WEST MIDLANDS, B69 2EB
Freehold Vacant Residential
Freehold Vacant Residential
Freehold Commercial Premises
Freehold Vacant Takeaway 61 12 & 14 RUTLAND GROVE, SANDIACRE,, NOTTINGHAM, NG10 5AQ
Freehold Vacant Retail Premises 62 7 DUGDALE CLOSE, CANNOCK, STAFFORDSHIRE, WS12 2SA
Freehold Vacant Residential 63 73 BYRNE ROAD, BLAKENHALL, WOLVERHAMPTON, WV2 3DW
Leasehold Vacant Residential
Freehold Vacant Residential
Freehold Vacant Residential
Freehold Vacant Residential
Freehold Residential Investment
Freehold Retail Investment
Freehold Redevel Opportunity
Auctioneers
Leasehold Vacant Residential
Andrew J. Barden MRICS, FNAVA, John Day FRICS, FNAVA,
Freehold Vacant Retail Premises
Kenneth F. Davis FRICS
17 11 SHAKESPEARE ROAD, SMETHWICK, WEST MIDLANDS, B67 7HR
Freehold Vacant Residential
Valuers Ian M. Axon, Stephen D Sutton B.sc (Est.man.) FRICS,
18 UNIT 3, HERITAGE COURT, 17/21 WARSTONE LANE, BIRMINGHAM, B18 6HP
Leasehold Retail Investment
Dan O’Malley B.Sc.(Hons) HND, Callum Wing BSc (Hons),
19 283 - 285 HIGH STREET, WEST BROMWICH, WEST MIDLANDS, B70 8ND
Freehold Vacant Commercial
Samuel J. Cooke B.Sc. (Hons)
20 113 JEFFCOCK ROAD, WOLVERHAMPTON, WV3 7AG
Freehold Residential Investment
21 1 - 2 CHEQUER STREET, WOLVERHAMPTON, WV3 7DL
Freehold Residential Investment
Auction Manager Sue Worrall
22 2A CHEQUER STREET, WOLVERHAMPTON, WV3 7DL
Freehold Residential Investment
Auction Team Richard Longden B.Sc(Hons.) MRICS,
23 67 BRIDGE STREET, WALSALL, WS1 1JQ
Freehold Vacant Retail Premises
Peter C. Longden FRICS, Mark M. Ward AssocRICS, Nada Turton,
24 EAGLE COURT, 17 EAGLE STREET, WOLVERHAMPTON, WV3 7DW
Freehold Residential Investment
Julie Elcock, Jayne Turton, Tricia Doyle, Derek Dolphin,
25 249 - 259 BLAKENALL LANE, BLOXWICH, WALSALL, WS3 1HJ
Freehold Retail Investment
26 482 WARWICK ROAD, TYSELEY, BIRMINGHAM, B11 2HP
Freehold Vacant Commercial
27 20 SOUTHFIELD ROAD, EDGBASTON, BIRMINGHAM, B16 0JL
Freehold Vacant Residential
28 22 SOUTHFIELD ROAD, EDGBASTON, BIRMINGHAM, B16 0JL
Freehold Vacant Residential
29 66 PRINCETHORPE ROAD, WEOLEY CASTLE, BIRMINGHAM, B29 5QA
Freehold Residential Investment
30 LAND ADJ TO 114 ALDERMANS GREEN ROAD, COVENTRY, CV2 1PP
Freehold Development Land
31 63 PARK AVENUE, NUNEATON,, WARWICKSHIRE, CV11 4PG
32 244 SCHOOL ROAD, YARDLEY WOOD, BIRMINGHAM, B14 4HA
33 27 LYNDHURST ROAD, WEST BROMWICH, WEST MIDLANDS, B71 3JE
34 45 SALISBURY ROAD, SMETHWICK, WEST MIDLANDS, B66 3RU
Freehold Vacant Residential
Freehold Vacant Retail Premises
Freehold Vacant Residential
Freehold Residential Investment
35 5 PALMERSTON ROAD, SPARKBROOK, BIRMINGHAM, B11 1LH
Freehold Vacant Residential
36 UNIT 14B HIVE IND. EST., FACTORY ROAD, BIRMINGHAM, B18 5JU
Leasehold Vacant Workshop
37 224 WEDNESBURY ROAD AND 2 PRINCE STREET,WALSALL, WS2 9QN
38 24 HAMBERLEY COURT, HEATH STREET, WINSON GREEN, B18 4DE
39 214 HAWTHORN ROAD, KINGSTANDING, BIRMINGHAM, B44 8PP
40 546 TYBURN ROAD, ERDINGTON, BIRMINGHAM, B24 9RU
Freehold Comm/Residential Inv.
Leasehold Vacant Residential
Freehold Vacant Commercial
Freehold Residential Investment
41 200 & 200A WALSALL ROAD, ALDRIDGE, WEST MIDLANDS, WS9 0JT
Freehold Retail Investment
42 12 POUND ROAD & LAND BTWN 12 - 20 POUND ROAD, OLDBURY, B68 8LY
Freehold Development Site
43 45 LORD STREET, BIRMINGHAM, B7 4DQ
44 57 CATTELL ROAD, BORDESLEY GREEN, BIRMINGHAM, B9 4SA
45 FLAT 12, SPIRAL COURT, 12 WHEELWRIGHT ROAD, ERDINGTON, B24 8NU
46 GARAGE OFF JAMES WATT STREET, WEST BROMWICH, B71 2AH
Freehold Commercial Investment
Freehold Vacant Residential
Leasehold Vacant Residential
Leasehold Lock-up Garage
47 7 YORK ROAD, ERDINGTON, BIRMINGHAM, B23 6TE
Freehold Vacant Residential
48 140 HIGH STREET, WEST BROMWICH, WEST MIDLANDS, B70 6JJ
Freehold Vacant Commercial
49 202 WATERLOO ROAD, SMETHWICK,WEST MIDLANDS, B66 4NB
Freehold Residential Investment
50 1182 COVENTRY ROAD, YARDLEY, B25 8DA
Freehold Vacant Retail Premises
51 60 SOUTHFIELD ROAD, EDGBASTON, BIRMINGHAM, B16 0JL
Freehold Vacant Residential
52 3 ORCHARD ROAD, ERDINGTON, BIRMINGHAM, B24 9JL
Freehold Vacant Residential
Ossie O’Malley, Kevin Hogan and Nick Burton.
IMPORTANT NOTICE
FOR PURCHASERS AT AUCTION
All Bidders must arrive at the Auction with the required
Identification Documents and appropriate means of Deposit
Payment. If you fail to comply with these requirements, you
will be unable to bid.
ID REQUIREMENTS
• Full UK Passport or Photo Driving Licence
• Recent Utility Bill, Council Tax Bill, or Bank Statement
(not a mobile phone bill)
DEPOSIT/PAYMENT METHODS
• Bank/Building Society Draft
• Personal/Company Cheque
• Debit/Credit Card
A surcharge of 2.00% is payable for all credit cards and any card associated
with a business account
Please note we only accept Visa and MasterCard
All cards must be Chip & Pin enabled
AUCTIONEER’S ADMINISTRATION FEE
Immediately following your successful auction bid you are
required to pay the auctioneer’s administration charge
as detailed in the auction catalogue
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CLOSING DATE 16TH AUGUST 2013
Freehold Meeting Hall with Vacant Possession
Guide Price: £40,000 - £50,000
LOT 3
Rough Hay Gospel Hall, Hall Street East, Wednesbury, WS10 8PE
This plan is for
Identification
purposes only.
Please refer to
the Legal Pack
for confirmation
of the exact site
boundaries.
Property Description:
The property is located approximately
3 miles west of Walsall Town Centre
and 4 miles east of Wolverhampton
City Centre in a predominately
residential area.
The property is located a few hundred
metres from the Black Country
Route (A454), which connects with
the national motorway network at
junction 10 of the M6 motorway,
approximately 2 miles to the north
east.
The property comprises an irregular
shaped site, developed to provide a
single storey purpose-built meeting
hall, used as a place of worship, with a
car park to the side.
The building is of single storey
brickwork construction, with a pitched
concrete tile roof. The building briefly
provides an entrance lobby, main
meeting hall, meeting room, kitchen
and toilets.
The property has a total site are of
approximately 0.139 acres.
Accommodation
(all dimensions and areas are
approximate)
Entrance Lobby
Church Hall
99.9 sq.m (1,075 sq.ft)
Meeting Room 30.8 sq.m (332 sq.ft)
Kitchen
6.3 sq.m
(68 sq.ft)
Toilets
Total Floor Area
137.0 sq.m (1,475
sq.ft)
Legal Documents:
Available at www.cottons.co.uk
Viewings:
Via Cottons – 0121 247 2233
Outside:
Car Park
Misrepresentation Act
The Auctioneers for themselves and for the Vendors or Lessors of the
property, whose agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance
of intending purchasers or lessees, and do not constitute nor constitute
part of any offer or contract.
2. All descriptions, dimensions, references to conditions and necessary
permissions for use and occupation and any other details are given in
good faith and are believed to be correct. Any intending purchasers or
tenants should not rely on them as statements or representations of
fact, but must satisfy themselves by inspection or otherwise as to the
correctness of each of them.
3. No person in the employment of the Auctioneers has authority to
make any or give any representation or warranty whatever in relation to
these properties.
Advisory Note:
If you have never been to an auction or require more information about a
particular Lot, you are welcome to contact our office with any enquiries which
you may have. All bidders are reminded that it is their responsibility to inspect
the legal packs to satisfy themselves that they are fully aware of all terms and
conditions including any Auctioneers or Solicitors fees/costs and Disbursements
for which they are responsible, completion dates and other relevant matters
that they will be obliged to comply with once they have successfully purchased
the property. The auctioneers assume that by bidding for a property you have
made all appropriate enquiries.
Once you have successfully bid for a property you
will be required to present the Auctioneers with the
following ID:
Full UK Passport or Photo Driving Licence (For
identification)
Plus a Recent Utility Bill, Council Tax Bill or Bank
Statement
(as proof of your residential address)
All bidders are required to register with ourselves
prior to the
commencement of the auction and would request
where possible thatpotential purchasers visit our
offices along with the necessary ID and pre-register.
Thank you in advance for your co-operation.
If you need any help please contact the Auction Team
Tel 0121 247 2233
3
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This plan is for Identification purposes only. Please refer to the
Legal Pack for confirmation of the exact site boundaries.
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This plan is for Identification purposes only. Please refer to the Legal Pack for
confirmation of the exact site boundaries.
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Proposed Plan
This plan is for Identification purposes only. Please refer to the Legal Pack for confirmation of the exact site boundaries.
AUCTIONEERS OF RESIDENTIAL & COMMERCIAL PROPERTY
Leasehold Vacant Possession
Guide Price: £24,000 - £28,000
LOT 15
Flat 43a, Rudge Avenue, Wolverhampton, West Midlands WV1 2AS
Property Description:
A first floor flat forming
part of a purpose brick built
development set back from
the road behind lawned
gardens. The property
requires modernisation and
improvement however does
benefit from having a recently
installed combination boiler.
Rudge Avenue is located off
Lewis Avenue which in turn is
located off Deans Road.
Accommodation:
(Rear) Allocated garden
Ground Floor:
area, Brick Built Store and
Communal Entrance and
Greenhouse
Stairwell with intercom system
Leasehold Information:
Term: 125 years from
First Floor:
20 May 1991
Storage Cupboard, Entrance
Hallway, Lounge, Dining Room, Ground Rent and Service
Kitchen and Bathroom having Charge: Please Refer
To Legal Pack
panelled bath, wash basin and
WC
Outside:
(Front) Lawned gardens
Legal Documents:
Available at www.cottons.co.uk
Viewings:
Via Cottons – 0121 247 2233
Freehold Retail Premises (Vacant Possession on Completion)
Guide Price: £140,000 to £150,000
LOT 16
565 Coventry Road, Small Heath, Birmingham B10 0LP
Property Description:
A mid terraced retail shop with flat
over of traditional brick construction
surmounted by a pitched tile clad roof,
directly fronting the busy Coventry
Road which contains a wide range of
retail amenities and services serving the
surrounding residential catchment area.
The property forms part of a parade of
similar units located between Charles
Road and Small Heath Park.
The property is currently let as an
Estate Agents at a rent of £10,400 per
annum on a lease for a term of six
years expiring 30th June 2013. The
tenant has indicated to the vendor
that they do not intend to renew their
existing lease and will vacate upon the
expiry.
Accommodation:
Ground Floor:
Retail Shop, Partitioned Office, Rear
Room, Separate WC and Store
Room with rear access to a shared
passageway
Gross Internal Area: 46.68sq.mtrs
(502sq.ft)
First Floor:
Stairs, Toilet, Kitchen, Lounge,
Bedroom
Legal Documents:
Available at www.cottons.co.uk
Viewings:
Via Cottons – 0121 247 2233
Energy Performance
Certificate: The EPC for this
property was commissioned on 18th
June 2013. This will be added to
the Legal Pack and available on our
website.
Freehold Vacant Possession
Guide Price: £72,000 - £77,000
LOT 17
11 Shakespeare Road, Smethwick, West Midlands B67 7HR
10
Property Description:
A mid-terraced property of brick construction
set back from the road behind a lawned
foregarden and driveway allowing for off road
parking. The property benefits from having
double glazing and gas fired central heating.
Shakespeare Road is located off both Francis
Road and Manor Road.
First Floor:
Having Landing, Three Bedrooms and Bathroom
having panelled bath, wash basin and WC
Accommodation:
Ground Floor:
Entrance Hallway, Lounge, Kitchen/Diner, Rear
Lobby and WC
Legal Documents:
Available at www.cottons.co.uk
Outside:
(Front) Lawned foregarden and driveway
allowing for off road parking
(Rear) Lawned Garden
Viewings:
Via Cottons – 0121 247 2233
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WE LET RESIDENTIAL & COMMERCIAL PROPERTY
LOT 19
Freehold Former Banking Hall Premises with Vacant Possession
Guide Price: £330,000 - £360,000
283 -285 High Street, West Bromwich, West Midlands, B70 8ND
Property Description:
The property is situated on High
Street, West Bromwich, an established
retail area, approximately 5 miles
north west of Birmingham City
Centre.
The High Street is a popular location
for all types of retail and commercial
businesses, such as Restaurants, Bars,
Independent and Multiple Retailers and
Banks.
The property lies approximately 1 mile
to the west of junction 1 of the M5
motorway.
The property comprises a rectangular
site with a primary frontage to West
Bromwich High Street, and with a
separate pedestrian access to the rear.
12
We understand the property was
developed circa 1988, to provide a
modern three storey purpose-built
retail bank.
First Floor:
Offices
The premises comprise a purposebuilt former banking hall with ancillary
office accommodation. The building
provides staff and customer toilets
at first floor level. There are further
offices and a plant room at second
floor level, where the central heating
boiler and air conditioning installation
is also installed.
Second Floor:
Offices
Accommodation:
Ground Floor:
Banking Hall/Retail
Store Room
Cleaners Store
429 sq.ft (39.9 sq. m)
Total Net Internal Area
733 sq.ft
(68.1 sq.m)
3,798 sq.ft
(352.8 sq.m)
2,483 sq.ft
(230.7 sq.m)
132 sq.ft
( 12.3 sq.m)
Planning:
We understand the premises have
formerly been used for financial and
professional purposes falling within use
class A2. The premises are therefore,
suitable for continued A2 use or for
A1 use or other retail or commercial
uses, subject to statutory consents.
21 sq.ft
( 2.0 sq.m)
Legal Documents:
Available at www.cottons.co.uk
Viewings:
Via Cottons – 0121 247 2233
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Contact Scott Hendry or one of the Auction Team on:
@AuctionFinance
0161 333 1970
www.auctionfinance.co.uk
working in
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Tenancy Information
Rental
Rental
(Per calendar month)
(Per annum)
Assured Shorthold
£450 pcm
£5,400 per annum
2 Eagle Court
Assured Shorthold
£450 pcm
£5,400 per annum
3 Eagle Court
Vacant
£0
£0
4 Eagle Court
Assured Shorthold
£425 pcm
£5,100 per annum
5 Eagle Court
Assured Shorthold
£450 pcm
£5,400 per annum
6 Eagle Court
Vacant
£0
£0
7 Eagle Court
Vacant
£0
£0
8 Eagle Court
Assured Shorthold
£450 pcm
£5,400 per annum
Total Current Rental Income
£2,225 pcm
£26,700 per annum
Total Rental Income (When Fully Let)
£3,575 pcm
£42,900 per annum
Address
Tenancy
1 Eagle Court
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Accommodation/Tenancy Information
Ground Floor Retail Units
Address
Floor Area
Use
Rent
Lease
249 Blakenall Lane
58.60sq.m (630 sq.ft)
Butchers
£3,900 Per Annum
Tenancy At Will
249a Blakenall Lane
32.00 sq.m (344 sq.ft)
Hairdressers
£3,380 Per Annum
Tenancy At Will
251 Blakenall Lane
47.00 sq.m (505 sq.ft)
Cafe
£3,120 Per Annum
Tenancy At Will
253 Blakenall Lane
48.90 sq.m (526 sq.ft)
Carpet Shop
£4,160 Per Annum
Tenancy At Will
255-257 Blakenall Lane
101.20 sq.m (1,089 sq.ft)
Betting Shop
£7,200 Per Annum
20 Year Lease From 01/08/2006
259 Blakenall Lane
74.00 sq.m (796 sq.ft)
Baby Wear Shop
£6,240 Per Annum
5 Year Lease Expires June 2016
Address
Bedrooms
Tenancy
Rent
249a Blakenall Lane
2
Assured Shorthold
£4,940 per annum
251a Blakenall Lane
1
Assured Shorthold
£3,640 per annum
253a Blakenall Lane
1
Assured Shorthold
£3,640 per annum
255a Blakenall Lane
1
Assured Shorthold
£3,640 per annum
257a Blakenall Lane
1
Assured Shorthold
£3,640 per annum
259a Blakenall Lane
2
Assured Shorthold
£4,680 per annum
First Floor Flats
Please note the Auctioneers have been unable to inspect the First Floor Flats and all measurements for the Ground Floor Retail Units have been taken from the Valuation
Office Agency Website.
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This plan is for Identification purposes only.
Please refer to the Legal Pack for confirmation of the exact site boundaries.
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This plan is for Identification purposes only. Please refer to the
Legal Pack for confirmation of the exact site boundaries.
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LEGAL DOCUMENTS WWW.COTTONS.CO.UK
Freehold Investment
Guide Price: £72,000 - £76,000
LOT 29
66 Princethorpe Road, Weoley Castle, Birmingham B29 5QA
Property Description:
An end terraced property of rendered
brick construction surmounted by a
hipped tile clad roof set back from the
road behind a walled foregarden and
grass verge. The property benefits
from having double glazing and gas fired
central heating and modern kitchen and
bathroom fitments. Princethorpe Road
is located off Weoley Castle Road.
The property is current let on an
Assured Shorthold Tenancy Agreement
producing £500 pcm (£6,000 per
annum).
First Floor:
Two Bedrooms and Bathroom having
panelled bath, wash basin and WC
Outside:
(Front) Walled foregarden
(Rear) Lawned Garden
Legal Documents:
Available at www.cottons.co.uk
Viewings:
Via Cottons – 0121 247 2233
Accommodation:
Ground Floor:
Entrance Porch, Entrance Hallway,
Lounge, Kitchen/Diner, Lean to, Stairs
to
LOT 30
Freehold Development Land (Planning Permission For 4 Dwellings)
Guide Price: £85,000 - £89,000
Land Adj 114 Aldermans Green Road, Coventry CV2 1PP
Property Description:
A parcel of freehold land roughly rectangular in shape
extending to an area of 0.191 acres and situated directly
fronting Aldermans Green Road, adjacent to number 114
This plan is for Identification purposes only.
Please refer to the Legal Pack for confirmation
of the exact site boundaries.
The land currently comprises of overgrown scrub land and
is located approximately three miles distance to the north
east of Coventry City Centre in a predominantly residential
area.
Planning:
Planning Consent was granted by Coventry City Council
(Reference Ful/2012/2245 and dated the 16th January 2013)
for the erection of three houses and a flat with garages to
the rear.
Legal Documents:
Available at www.cottons.co.uk
Viewings:
External
22
Proposed Front Elevation
Proposed Site Plan
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Within an Auction Timescale!
• Auction or Open Market
Purchase
• Buy-to-Let
• Commercial
• Ex-Local Authority
Properties
• Refurb or Conversion
• Residential
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• Development
• Land
Tel: 01249 652 939
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DMI Finance,
PO Box 3257, Chippenham, SN15 9DH
Tel: 01249 652 939
Fax: 01249 655 788
E-mail: info@dmifinance.com
www.dmifinance.com
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VENDORS REQUIRED
LOT 45
Leasehold Vacant Possession
Guide Price: £48,000 - £52,000
Flat 12, Spiral Court, 12 Wheelwright Road, Erdington, Birmingham B24 8NU
Property Description:
A first floor flat located in a purpose brick built block set back from
the road behind a communal lawned gardens and driveway giving
access to the parking area. The flat benefits from having UPVC double
glazing and electric heating and is offered for sale in a presentable
condition. Wheelwright Road is located off both Gravelly Hill (A5127)
and Kingsbury Road. The Flat is currently rented however the tenants
have served notice and will vacate on the 29th July 2013, the rental
income was £450 per calendar month (£5,400 per annum).
Accommodation:
Ground Floor:
Communal Entrance with security door entry system
First Floor:
Entrance Hallway, Lounge, Kitchen, Bedroom and Bathroom having
panelled bath with shower over, wash basin and WC
Outside:
Communal gardens, parking area and garage allowing for off road
parking
Leasehold Information
Term: 99 years from 1st January 1982
Ground Rent : £10.00 per annum
Legal Documents:
Available at www.cottons.co.uk
Viewings:
Via Cottons – 0121 247 2233
Leasehold Garage
Guide Price: £1,000 - £2,000
Garage off James Watt Street,
West Bromwich, West Midlands B71 2AH
LOT 46
This plan is for Identification purposes only.
Please refer to the Legal Pack for confirmation of the exact site boundaries.
Finance
that won’t cost you the shirt off
your back!
…Fast!
DMI Finance is an independent Mortgage
Brokerage which specialises in arranging
finance within an AUCTION timescale.
Property Description:
A single leasehold garage located in a
block of eight similar units approached
via a driveway off James Watt Street
which in turn can be found off
Schofield Avenue.
Leasehold Information:
Term: The garage will be granted a
new 250 year Lease from the date of
completion.
Ground rent: £75.00 per annum
Legal Documents:
Available at www.cottons.co.uk
Viewings:
External Only
We can arrange funding on ALL types
of property including:
Buy-to-Let, Shops, Offices, HMO’s,
Pubs, Land, Developments, and
Non-standard construction
houses and flats.
Please call us now to discuss
your specific requirements.
Tel: 01249 652 939
DMI Finance,
PO Box 3257, Chippenham, SN15 9DH
Tel: 01249 652 939
Fax: 01249 655 788
E-mail: info@dmifinance.com
www.dmifinance.com
31
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CLOSING DATE 16TH AUGUST 2013
LOT 53
Freehold Vacant Possession
Guide Price: £72,000 - £78,000
5 Dovedale Avenue, Willenhall,
West Midlands WV12 4NA
Property Description:
A three bedroomed semi-detached
property of brick construction
surmounted by a tiled roof set back
from the road behind a lawned
foregarden and driveway giving
access to garage allowing for off road
parking. The property benefits from
having UPVC double glazing and gas
fired central heating however does
require some modernisation and
improvement. Dovedale Avenue is
located off Ashmore Lake Road.
Accommodation:
Ground Floor:
Entrance Hallway, Through Lounge,
Dining Kitchen
First Floor:
Three Bedrooms and Bathroom having
panelled bath, wash basin and WC
Outside:
(Front) Lawned foregarden and
driveway giving access to garage
(Rear and Side) Lawned and paved
garden
Legal Documents:
Available at www.cottons.co.uk
Viewings:
Via Cottons – 0121 247 2233
This plan is for Identification purposes only.
Please refer to the Legal Pack for confirmation of the exact site boundaries.
LOT 54
Freehold Vacant Possession
Guide Price: £76,000 - £82,000
422 Portland Road, Edgbaston, Birmingham B17 8LT
Property Description:
A mid terraced property of brick construction
surmounted by a tiled roof set back from
the road behind a walled foregarden. The
property benefits from having double glazing
and gas fired central heating. Portland road
is located off City Road (A4040) close to the
junction with Selsey Road.
Accommodation:
Ground Floor:
Lounge, Dining Room, Kitchen and Bathroom
having panelled bath, wash basin and WC
First Floor:
Three Bedrooms
Outside:
(Front) Walled foregarden
(Rear)
Garden
Legal Documents:
Available at www.cottons.co.uk
Viewings:
Via Cottons – 0121 247 2233
35
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LOST IN THE
PROPERTY MAZE?
Property assist will hold your hand
PROPERTY INVESTMENT
rFor a one off fee we analyse properties for sale at auction within
your budget.
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PARTNERSHIP INVESTMENT
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PROPERTY REFURBISHMENT
rHelp with refurbishing your property and finding the right contractors.
PROPERTY MAKEOVERS
rWe know what will sell your property.
4VSTIVX](IWGVMTXMSR
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MAKE EXISTING PROPERTY PAY
rConversion, subdividing and changing use of your property will
release money.
Let our knowledge make you money.
Call Property Assist
on: 01902 425459
www.propertyassist.info
LEGAL DOCUMENTS WWW.COTTONS.CO.UK
By Instruction of the Joint LPA Receivers
Freehold Part Investment/Part Vacant Possession
Guide Price: £90,000 - £100,000
37 Caldmore Road, Walsall, West Midlands, WS1 3NQ
LOT 59
Property Description:
A two-storey commercial building, plus small
basement, of brick construction mostly surmounted by
a tiled roof. It occupies a prominent site at the corner
of Dudley Street and Caldmore Road comprising
approximately 0.1 acre, including a small yard to the
rear. The property includes a single-storey rear
section that is currently let to a children’s nursery
and producing a rental of £15,000 per annum. The
remainder of the ground and first floor has previously
been used as a gymnasium and children’s’ activity
centre, however this is now vacant. The property
is within approximately 600mtrs of Walsall Town
Centre and Rail Station and is adjacent to a recent
development known the St Matthews Quarter, which
incorporates a multi-storey car park and 24-hour Asda
store, and a new Mercedes main dealership.
Accommodation:
Small Basement:
Not inspected
Ground Floor:
Day Nursery
Three Nursery Rooms, Two toilet areas, Food
Preparation Area, Child Sleeping Area and Office
(approximately 983 sq. ft).
Gymnasium Area
Former Dance Studio, Two Former Gymnasium Areas,
WC’s , Stairs (approximately 3,210 sq. ft)
First Floor:
Two Large Rooms (Former Female Gym and Child
Activity Centre), Kitchen, Male and Female WC’s,
Two Store Rooms/Offices. (approximately 1,713 sq. ft).
Outside:
Small Yard
Legal Documents:
Available at www.cottons.co.uk
38
Viewings:
Via Cottons – 0121 247 2233
This plan is for Identification purposes only. Please refer to the
Legal Pack for confirmation of the exact site boundaries.
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Common Auction Conditions for Auction of
Real Estate in England & Wales
(Edition 3 August 2009) Reproduced with the consent of the RICS No responsibility
for loss occasioned to any person acting or refraining. From auction as a result of
the material included in this publication can be accepted by the author or publisher.
© Royal Institution of Chartered Surveyors August 2009
9)Afljg\m[lagf
A1.1 Words in bold blue type have special meanings, which are defined in the Glossary.
A1.2 The [YlYdg_m]is issued only on the basis that qgmaccept these Ym[lagf[gf\m[l[gf\alagfk. They govern gmj
relationship with qgmand cannot be disapplied or varied by the kYd][gf\alagfk(even by a [gf\alagfpurporting to
replace the whole of the Common Auction Conditions). They can be varied only if o]agree.
9*Gmjjgd]
A2.1 As agents for each k]dd]jwe have authority to:
(a) prepare the [YlYdg_m]from information supplied by or on behalf of each k]dd]j;
(b) offer each dglfor sale;
(c) sell each dgl;
(d) receive and hold deposits;
(e) sign each kYd]e]egjYf\me; and
(f) treat a [gfljY[las repudiated if the Zmq]jfails to sign a kYd]e]egjYf\meor pay a deposit as required by these
Ym[lagf[gf\m[l[gf\alagfk.
A2.2 Gmjdecision on the conduct of the Ym[lagfis final.
A2.3 O]may cancel the Ym[lagf, or alter the order in which dglkare offered for sale. O]may also combine or divide
dglk. A dglmay be sold or withdrawn from sale prior to the Ym[lagf.
A2.4 Qgmacknowledge that to the extent permitted by law o]owe qgmno duty of care and qgmhave no claim against
mkfor any loss.
9+:a\\af_Yf\j]k]jn]hja[]k
A3.1 All bids are to be made in pounds sterling exclusive
of any applicable N9L.
A3.2 O]may refuse to accept a bid. O]do not have to explain why.
A3.3 If there is a dispute over bidding o]are entitled to resolve it, and gmjdecision is final.
A3.4 Unless stated otherwise each dglis subject to a reserve price (which may be fixed just before the dglis offered for
sale). If no bid equals or exceeds that reserve price the dglwill be withdrawn from the Ym[lagf.
A3.5 Where there is a reserve price the k]dd]jmay bid (or ask mkor another agent to bid on the k]dd]jkbehalf) up to
the reserve price but may not make a bid equal to or exceeding the reserve price. Qgmaccept that it is possible that all
bids up to the reserve price are bids made by or on behalf of the k]dd]j.
A3.6 Where a guide price (or range of prices) is given that guide is the minimum price at which, or range of prices
within which, the k]dd]jmight be prepared to sell at the date of the guide price. But guide prices may change. The last
published guide price will normally be at or above any reserve price, but not always – as the k]dd]jmay fix the final
reserve price just before bidding commences.
9,L`]hYjla[mdYjkYf\gl`]jaf^gjeYlagf
A4.1 O]have taken reasonable care to prepare hYjla[mdYjkthat correctly describe each dgl. The hYjla[mdYjkare based
on information supplied by or on behalf of the k]dd]j. Qgmneed to check that the information in the hYjla[mdYjkis
correct.
A4.2 If the kh][aYd[gf\alagfkdo not contain a description of the dgl, or simply refer to the relevant dglnumber, you
take the risk that the description contained in the hYjla[mdYjkis incomplete or inaccurate, as the hYjla[mdYjkhave not
been prepared by a conveyancer and are not intended to form part of a legal contract.
A4.3 The hYjla[mdYjkand the kYd][gf\alagfkmay change prior to the Ym[lagfand it is qgmjresponsibility to check
that qgmhave the correct versions.
A4.4 If o]provide information, or a copy of a document, provided by others o]do so only on the basis that o]are not
responsible for the accuracy of that information or document.
9-L`][gfljY[l
A5.1 A successful bid is one o]accept as such (normally on the fall of the hammer). This [gf\alagfA5 applies to qgm
if qgmmake the successful bid for a dgl.
A5.2 Qgm are obliged to buy the dgl on the terms of the kYd] e]egjYf\me at the hja[] qgm bid plus N9L (if
applicable).
A5.3 Qgmmust before leaving the Ym[lagf:
(a) provide all information o]reasonably need from qgmto enable us to complete the kYd]e]egjYf\me(including
proof of your identity if required by mk);
(b) sign the completed kYd]e]egjYf\me; and
(c) pay the deposit.
A5.4 If qgmdo not o]may either:
(a) as agent for the k]dd]jtreat that failure as qgmjrepudiation of the [gfljY[land offer the dglfor sale again: the
k]dd]jmay then have a claim against qgmfor breach of contract; or
(b) sign the kYd]e]egjYf\meon qgmjbehalf.
A5.5 The deposit:
(a) is to be held as stakeholder where N9Lwould be chargeable on the deposit were it to be held as agent for the k]dd]j,
but otherwise is to be held as stated in the kYd][gf\alagfk; and
(b) must be paid in pounds sterling by cheque or by bankers’ draft made payable to mkon an Yhhjgn]\ÚfYf[aYd
afklalmlagf. The extra auction conduct conditions may state if o]accept any other form of payment.
A5.6 O]may retain the kYd]e]egjYf\mesigned by or on behalf of the k]dd]juntil the deposit has been received
in cleared funds.
A5.7 If the Zmq]jdoes not comply with its obligations under the [gfljY[lthen:
(a) qgmare personally liable to buy the dgleven if qgmare acting as an agent; and
(b) qgmmust indemnify the k]dd]jin respect of any loss the k]dd]jincurs as a result of the Zmq]jkdefault.
A5.8 Where the Zmq]jis a company qgmwarrant that the Zmq]jis properly constituted and able to buy the dgl.
Ogj\kafZgd\Zdm]lqh]`Yn]kh][aYde]Yfaf_k$o`a[`Yj]\]Úf]\afl`]?dgkkYjq&The _]f]jYd[gf\alagfk
(including any extra general conditions) apply to the [gfljY[lexcept to the extent that they are varied by kh][aYd
[gf\alagfkor by an Y\\]f\me.
?)&L`]dgl
G1.1 The dgl(including any rights to be granted or reserved, and any exclusions from it) is described in the kh][aYd
[gf\alagfk, or if not so described the dglis that referred to in the kYd]e]egjYf\me.
G1.2 The dglis sold subject to any l]fYf[a]kdisclosed by the kh][aYd[gf\alagfk, but otherwise with vacant possession
on [gehd]lagf.
G1.3 The dglis sold subject to all matters contained or referred to in the \g[me]flk, but excluding any ÚfYf[aYd
[`Yj_]k: these the k]dd]jmust discharge on or before [gehd]lagf.
G1.4 The dgl is also sold subject to such of the following as may affect it, whether they arise before or after the
[gfljY[l\Yl]and whether or not they are disclosed by the k]dd]jor are apparent from inspection of the dglor from
the \g[me]flk:
(a) matters registered or capable of registration as local land charges;
(b) matters registered or capable of registration by any competent authority or under the provisions of any statute;
(c) notices, orders, demands, proposals and requirements of any competent authority;
(d) charges, notices, orders, restrictions, agreements and other matters relating to town and country planning, highways
or public 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 the
Zmq]jhas made them; and
(i) anything the k]dd]jdoes not and could not reasonably know about.
G1.5 Where anything subject to which the dglis sold would expose the k]dd]jto liability the Zmq]jis to comply with it
and indemnify the k]dd]jagainst that liability.
G1.6 The k]dd]jmust notify the Zmq]jof any notices, orders, demands, proposals and requirements of any competent
authority of which it learns after the [gfljY[l \Yl] but the Zmq]j must comply with them and keep the k]dd]j
indemnified.
G1.7 The dgldoes not include any tenant’s or trade fixtures or fittings.
G1.8 Where chattels are included in the dglthe Zmq]jtakes them as they are at [gehd]lagfand the k]dd]jis not
liable if they are not fit for use.
G1.9 The Zmq]jbuys with full knowledge of:
(a) the \g[me]flk, whether or not the Zmq]jhas read them; and
(b) the physical condition of the dgland what could reasonably be discovered on inspection of it, whether or not the
Zmq]jhas inspected it.
G1.10 The Zmq]j is not to rely on the information contained in the hYjla[mdYjk but may rely on the k]dd]jk
conveyancer’s written replies to preliminary enquiries to the extent stated in those replies.
?*&<]hgkal
G2.1 The amount of the deposit is the greater of:
(a) any minimum deposit stated in the Ym[lagf [gf\m[l [gf\alagfk (or the total hja[], if this is less than that
minimum); and
(b) 10% of the hja[](exclusive of any N9Lon the hja[]).
G2.2 The deposit
(a) must be paid in pounds sterling by cheque or banker’s draft drawn on an Yhhjgn]\ÚfYf[aYdafklalmlagf(or by
any other means of payment that the Ym[lagf]]jkmay accept); and
(b) is to be held as stakeholder unless the Ym[lagf[gf\m[l[gf\alagfkprovide that it is to be held as agent for the
k]dd]j.
G2.3 Where the Ym[lagf]]jkhold the deposit as stakeholder they are authorised to release it (and interest on it if
applicable) to the k]dd]jon [gehd]lagfor, if [gehd]lagfdoes not take place, to the person entitled to it under the
kYd][gf\alagfk.
G2.4 If a cheque for all or part of the deposit is not cleared on first presentation the k]dd]jmay treat the [gfljY[las at
an end and bring a claim against the Zmq]jfor breach of contract.
G2.5 Interest earned on the deposit belongs to the k]dd]junless the kYd][gf\alagfkprovide otherwise.
?+&:]lo]]f[gfljY[lYf\[gehd]lagf
G3.1 Unless the kh][aYd[gf\alagfkstate otherwise, the k]dd]jis to insure the dglfrom and including the [gfljY[l
\Yl]to [gehd]lagfand:
(a) produce to the Zmq]jon request all relevant insurance details;
(b) pay the premiums when due;
(c) if the Zmq]jso requests, and pays any additional premium, use reasonable endeavours to increase the sum insured
or make other changes to the policy;
(d) at the request of the Zmq]juse reasonable endeavours to have the Zmq]jkinterest noted on the policy if it does
not cover a contracting purchaser;
(e) unless otherwise agreed, cancel the insurance at [gehd]lagf, apply for a refund of premium and (subject to the
rights of any tenant or other third party) pay that refund to the Zmq]j; and
(f) (subject to the rights of any tenant or other third party) hold on trust for the Zmq]jany insurance payments that the
k]dd]jreceives in respect of loss or damage arising after the [gfljY[l\Yl]or assign to the Zmq]jthe benefit of any
claim; and the Zmq]jmust on [gehd]lagfreimburse to the k]dd]jthe cost of that insurance (to the extent not already
paid by the Zmq]jor a tenant or other third party) for the period from and including the [gfljY[l\Yl]to [gehd]lagf.
G3.2 No damage to or destruction of the dglnor any deterioration in its condition, however caused, entitles the Zmq]j
to any reduction in hja[], or to delay [gehd]lagf, or to refuse to complete.
G3.3 Section 47 of the Law of Property Act 1925 does not apply.
G3.4 Unless the Zmq]jis already lawfully in occupation of the dglthe Zmq]jhas no right to enter into occupation
prior to [gehd]lagf.
?,&Lald]Yf\a\]flalq
G4.1 Unless [gf\alagfG4.2 applies, the Zmq]jaccepts the title of the k]dd]jto the dglas at the [gfljY[l\Yl]and may
raise no requisition or objection except in relation to any matter that occurs after the [gfljY[l\Yl].
G4.2 If any of the \g[me]flkis not made available before the Ym[lagfthe following provisions apply:
(a) The Zmq]jmay raise no requisition on or objection to any of the \g[me]flkthat is made available before the
Ym[lagf.
(b) If the dglis registered land the k]dd]jis to give to the Zmq]jwithin five Zmkaf]kk\Yqkof the [gfljY[l\Yl]an
official copy of the entries on the register and title plan and, where noted on the register, of all documents subject to
which the dglis being sold.
(c) If the dglis not registered land the k]dd]jis to give to the Zmq]jwithin five Zmkaf]kk\Yqkan abstract or epitome
of title starting from the root of title mentioned in the kh][aYd[gf\alagfk(or, if none is mentioned, a good root of
title more than fifteen years old) and must produce to the Zmq]jthe original or an examined copy of every relevant
\g[me]fl.
(d) If title is in the course of registration, title is to consist of certified copies of:
(i) the application for registration of title made to the land registry;
(ii) the \g[me]flkaccompanying 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 k]dd]jor its conveyancer agrees to use all reasonable endeavours to answer any requisitions
raised by the land registry and to instruct the land registry to send the completed registration documents to the Zmq]j.
(e) The Zmq]jhas no right to object to or make requisitions on any title information more than seven Zmkaf]kk\Yqk
after that information has been given to the Zmq]j.
G4.3 Unless otherwise stated in the kh][aYd[gf\alagfkthe k]dd]jsells with full title guarantee except that (and the
ljYfk^]jshall so provide):
(a) the covenant set out in section 3 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to
matters recorded in registers open to public inspection; these are to be treated as within the actual knowledge of the
Zmq]j; and
(b) the covenant set out in section 4 of the Law of Property (Miscellaneous Provisions) Act 1994 shall not extend to any
condition or tenant’s obligation relating to the state or condition of the dglwhere the dglis leasehold property.
G4.4 The ljYfk^]jis to have effect as if expressly subject to all matters subject to which the dglis sold under the
[gfljY[l.
G4.5 The k]dd]jdoes not have to produce, nor may the Zmq]jobject to or make a requisition in relation to, any prior or
superior title even if it is referred to in the \g[me]flk.
G4.6 The k]dd]j(and, if relevant, the Zmq]j) must produce to each other such confirmation of, or evidence of, their
identity and that of their mortgagees and attorneys (if any) as is necessary for the other to be able to comply with
applicable Land Registry Rules when making application for registration of the transaction to which the [gf\alagfk
apply.
?-&LjYfk^]j
G5.1 Unless a form of ljYfk^]jis prescribed by the kh][aYd[gf\alagfk:
(a) the Zmq]jmust supply a draft ljYfk^]jto the k]dd]jat least ten Zmkaf]kk\Yqkbefore the Y_j]]\[gehd]lagf
\Yl]and the engrossment (signed as a deed by the Zmq]jif [gf\alagfG5.2 applies) five Zmkaf]kk\Yqkbefore that
date or (if later) two Zmkaf]kk\Yqkafter the draft has been approved by the k]dd]j; and
(b) the k]dd]jmust approve or revise the draft ljYfk^]jwithin five Zmkaf]kk\Yqkof receiving it from the Zmq]j.
G5.2 If the k]dd]jremains liable in any respect in relation to the dgl(or a l]fYf[q) following [gehd]lagfthe Zmq]j
is specifically to covenant in the ljYfk^]jto indemnify the k]dd]jagainst that liability.
G5.3 The k]dd]jcannot be required to ljYfk^]jthe dglto anyone other than the Zmq]j, or by more than one ljYfk^]j.
?.&;gehd]lagf
G6.1 ;gehd]lagfis to take place at the offices of the k]dd]jkconveyancer, or where the k]dd]jmay reasonably require,
on the Y_j]]\[gehd]lagf\Yl]. The k]dd]jcan only be required to complete on a Zmkaf]kk\Yqand between the
hours of 0930 and 1700.
G6.2 The amount payable on [gehd]lagfis the balance of the hja[]adjusted to take account of apportionments plus
(if applicable) N9Land interest.
G6.3 Payment is to be made in pounds sterling and only by:
(a) direct transfer to the k]dd]jkconveyancer’s client account; and
(b) the release of any deposit held by a stakeholder.
G6.4 Unless the k]dd]j and the Zmq]j otherwise agree, [gehd]lagf cannot take place until both have complied
with their obligations under the [gfljY[l and the balance of the hja[] is unconditionally received in the k]dd]jk
conveyancer’s client account.
G6.5 If [gehd]lagftakes place after 1400 hours for a reason other than the k]dd]jkdefault it is to be treated, for the
purposes of apportionment and calculating interest, as if it had taken place on the next Zmkaf]kk\Yq.
G6.6 Where applicable the [gfljY[lremains in force following [gehd]lagf.
?/&Fgla[]lg[gehd]l]
G7.1 The k]dd]jor the Zmq]jmay on or after the Y_j]]\[gehd]lagf\Yl]but before [gehd]lagfgive the other
notice to complete within ten Zmkaf]kk\Yqk(excluding the date on which the notice is given) making time of the
essence.
G7.2 The person giving the notice must be j]Y\qlg[gehd]l].
G7.3 If the Zmq]jfails to comply with a notice to complete the k]dd]jmay, without affecting any other remedy the
k]dd]jhas:
(a) terminate the [gfljY[l;
(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 dgl; and
(e) claim damages from the Zmq]j.
G7.4 If the k]dd]jfails to comply with a notice to complete the Zmq]jmay, without affecting any other remedy the
Zmq]jhas:
(a) terminate the [gfljY[l; and
(b) recover the deposit and any interest on it from the k]dd]jor, if applicable, a stakeholder.
?0&A^l`][gfljY[lakZjgm_`llgYf]f\
If the [gfljY[lis lawfully brought to an end:
(a) the Zmq]jmust return all papers to the k]dd]jand appoints the k]dd]jits agent to cancel any registration of the
[gfljY[l; and
(b) the k]dd]jmust return the deposit and any interest on it to the Zmq]j(and the Zmq]jmay claim it from the
stakeholder, if applicable) unless the k]dd]jis entitled to forfeit the deposit under [gf\alagfG7.3.
?1&DYf\dgj\kda[]f[]
G9.1 Where the dglis or includes leasehold land and licence to assign is required this [gf\alagfG9 applies.
G9.2 The [gfljY[lis conditional on that licence being obtained, by way of formal licence if that is what the landlord
lawfully requires.
G9.3 The Y_j]]\[gehd]lagf\Yl]is not to be earlier than the date five Zmkaf]kk\Yqkafter the k]dd]jhas given
notice to the Zmq]jthat licence has been obtained.
G9.4 The k]dd]jmust:
(a) use all reasonable endeavours to obtain the licence at the k]dd]jkexpense; and
(b) enter into any authorised guarantee agreement properly required.
G9.5 The Zmq]jmust:
(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 [gfljY[l\Yl](or such longer period as the k]dd]jand Zmq]jagree) the licence has
not been obtained the k]dd]jor the Zmq]jmay (if not then in breach of any obligation under this [gf\alagfG9) by
notice to the other terminate the [gfljY[lat any time before licence is obtained. That termination is without prejudice
to the claims of either k]dd]jor Zmq]jfor breach of this [gf\alagfG9.
?)(&Afl]j]klYf\Yhhgjlagfe]flk
G10.1 If the Y[lmYd[gehd]lagf\Yl]is after the Y_j]]\[gehd]lagf\Yl]for any reason other than the k]dd]jk
default the Zmq]j must pay interest at the afl]j]kl jYl] on the hja[] (less any deposit paid) from the Y_j]]\
[gehd]lagf\Yl]up to and including the Y[lmYd[gehd]lagf\Yl].
G10.2 Subject to [gf\alagfG11 the k]dd]jis not obliged to apportion or account for any sum at [gehd]lagfunless the
k]dd]jhas received that sum in cleared funds. The k]dd]jmust pay to the Zmq]jafter [gehd]lagfany sum to which
the Zmq]jis entitled that the k]dd]jsubsequently receives in cleared funds.
G10.3 Income and outgoings are to be apportioned at Y[lmYd[gehd]lagf\Yl]unless:
(a) the Zmq]jis liable to pay interest; and
(b) the k]dd]jhas given notice to the Zmq]jat any time up to [gehd]lagfrequiring apportionment on the date from
which interest becomes payable by the Zmq]j;
in which event income and outgoings are to be apportioned on the date from which interest becomes payable by the
Zmq]j.
G10.4 Apportionments are to be calculated on the basis that:
(a) the k]dd]jreceives 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
expenditure relating to some other period accrues at an equal daily rate during the period to which it relates; and
(c) where the amount to be apportioned is not known at [gehd]lagfapportionment is to be made by reference to a
reasonable estimate and further payment is to be made by k]dd]jor Zmq]jas appropriate within five Zmkaf]kk\Yqk
of the date when the amount is known.
?))9jj]Yjk
HYjl);mjj]flj]fl
G11.1 “Current rent” means, in respect of each of the l]fYf[a]ksubject to which the dglis sold, the instalment of
rent and other sums payable by the tenant in advance on the most recent rent payment date on or within four months
preceding [gehd]lagf.
G11.2 If on [gehd]lagfthere are any Yjj]Yjkof current rent the Zmq]jmust pay them, whether or not details of those
Yjj]Yjkare given in the kh][aYd[gf\alagfk.
G11.3 Parts 2 and 3 of this [gf\alagfG11 do not apply to Yjj]Yjkof current rent.
HYjl*:mq]jlghYq^gjYjj]Yjk
G11.4 Part 2 of this [gf\alagfG11 applies where the kh][aYd[gf\alagfkgive details of Yjj]Yjk.
G11.5 The Zmq]jis on [gehd]lagfto pay, in addition to any other money then due, an amount equal to all Yjj]Yjk
of which details are set out in the kh][aYd[gf\alagfk.
G11.6 If those Yjj]Yjkare not gd\Yjj]Yjkthe k]dd]jis to assign to the Zmq]jall rights that the k]dd]jhas to recover
those Yjj]Yjk.
HYjl+:mq]jfgllghYq^gjYjj]Yjk
G11.7 Part 3 of this [gf\alagfG11 applies where the kh][aYd[gf\alagfk:
(a) so state; or
(b) give no details of any Yjj]Yjk.
G11.8 While any Yjj]Yjkdue to the k]dd]jremain unpaid the Zmq]jmust:
(a) try to collect them in the ordinary course of management but need not take legal proceedings or forfeit the l]fYf[q;
(b) pay them to the k]dd]jwithin five Zmkaf]kk\Yqkof receipt in cleared funds (plus interest at the calculated on a
daily basis for each subsequent day’s delay in payment);
(c) on request, at the cost of the k]dd]j, assign to the k]dd]jor as the k]dd]jmay direct the right to demand and sue for
gd\Yjj]Yjk, such assignment to be in such form as the k]dd]jkconveyancer may reasonably require;
(d) if reasonably required, allow the k]dd]jkconveyancer to have on loan the counterpart of any l]fYf[qagainst an
undertaking to hold it to the Zmq]jkorder;
(e) not without the consent of the k]dd]jrelease any tenant or surety from liability to pay Yjj]Yjkor accept a surrender
of or forfeit any l]fYf[qunder which Yjj]Yjkare due; and
(f) if the Zmq]jdisposes of the dglprior to recovery of all Yjj]Yjkobtain from the Zmq]jksuccessor in title a covenant
in favour of the k]dd]jin similar form to part 3 of this [gf\alagfG11.
G11.9 Where the k]dd]jhas the right to recover Yjj]Yjkit must not without the Zmq]jkwritten consent bring insolvency
proceedings against a tenant or seek the removal of goods from the dgl.
?)*&EYfY_]e]fl
G12.1 This [gf\alagfG12 applies where the dglis sold subject to l]fYf[a]k.
G12.2 The k]dd]jis to manage the dglin accordance with its standard management policies pending [gehd]lagf.
G12.3 The k]dd]jmust consult the Zmq]jon all management issues that would affect the Zmq]jafter [gehd]lagf
(such as, but not limited to, an application for licence; a rent review; a variation, surrender, agreement to surrender or
proposed forfeiture of a l]fYf[q; or a new tenancy or agreement to grant a new tenancy) and:
(a) the k]dd]jmust comply with the Zmq]jkreasonable requirements unless to do so would (but for the indemnity in
paragraph (c)) expose the k]dd]jto a liability that the k]dd]jwould not otherwise have, in which case the k]dd]jmay
act reasonably in such a way as to avoid that liability;
(b) if the k]dd]jgives the Zmq]jnotice of the k]dd]jkintended act and the Zmq]jdoes not object within five Zmkaf]kk
\Yqkgiving reasons for the objection the k]dd]jmay act as the k]dd]jintends; and
(c) the Zmq]jis to indemnify the k]dd]jagainst all loss or liability the k]dd]jincurs through acting as the Zmq]j
requires, or by reason of delay caused by the Zmq]j.
?)+&J]fl\]hgkalk
G13.1 This [gf\alagfG13 applies where the k]dd]jis holding or otherwise entitled to money by way of rent deposit
in respect of a l]fYf[q. In this [gf\alagfG13 “rent deposit deed” means the deed or other document under which
the rent deposit is held.
G13.2 If the rent deposit is not assignable the k]dd]jmust on [gehd]lagfhold the rent deposit on trust for the Zmq]j
and, subject to the terms of the rent deposit deed, comply at the cost of the Zmq]jwith the Zmq]jklawful instructions.
G13.3 Otherwise the k]dd]jmust on [gehd]lagfpay and assign its interest in the rent deposit to the Zmq]junder an
assignment in which the Zmq]jcovenants with the k]dd]jto:
(a) observe and perform the k]dd]jkcovenants and conditions in the rent deposit deed and indemnify the k]dd]jin
respect of any 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.
?),&N9L
G14.1 Where a kYd][gf\alagfrequires money to be paid or other consideration to be given, the payer must also pay
any N9Lthat is chargeable on that money or consideration, but only if given a valid N9Linvoice.
G14.2 Where the kh][aYd[gf\alagfkstate that no N9Lghlagfhas been made the k]dd]jconfirms that none has been
made by it or by any company in the same N9Lgroup nor will be prior to [gehd]lagf.
?)-&LjYfk^]jYkY_gaf_[gf[]jf
G15.1 Where the kh][aYd[gf\alagfkso state:
(a) the k]dd]jand the Zmq]jintend, and will take all practicable steps (short of an appeal) to procure, that the sale is
treated as a transfer of a going concern; and
(b) this [gf\alagfG15 applies.
G15.2 The k]dd]jconfirms that the k]dd]j
(a) is registered for N9L, either in the k]dd]jkname or as a member of the same N9Lgroup; and
(b) has (unless the sale is a standard-rated supply) made in relation to the dgla N9Lghlagfthat remains valid and
will not be revoked before [gehd]lagf.
G15.3 The Zmq]jconfirms that:
(a) it is registered for N9L, either in the Zmq]jkname or as a member of a N9Lgroup;
(b) it has made, or will make before [gehd]lagf, a N9Lghlagfin relation to the dgland will not revoke it before or
within three months after [gehd]lagf;
(c) article 5(2B) of the Value Added Tax (Special Provisions) Order 1995 does not apply to it; and
(d) it is not buying the dglas a nominee for another person.
G15.4 The Zmq]jis to give to the k]dd]jas early as possible before the Y_j]]\[gehd]lagf\Yl]evidence:
(a) of the Zmq]jkN9Lregistration;
(b) that the Zmq]jhas made a N9Lghlagf; and
(c) that the N9Lghlagfhas been notified in writing to HM Revenue and Customs; and if it does not produce the relevant
evidence at least two Zmkaf]kk\Yqkbefore the Y_j]]\[gehd]lagf\Yl], [gf\alagfG14.1 applies at [gehd]lagf.
G15.5 The Zmq]jconfirms that after [gehd]lagfthe Zmq]jintends to:
(a) retain and manage the dglfor the Zmq]jkown benefit as a continuing business as a going concern subject to and
with the benefit of the l]fYf[a]k; and
(b) collect the rents payable under the l]fYf[a]kand charge N9Lon them
G15.6 If, after [gehd]lagf, it is found that the sale of the dglis not a transfer of a going concern then:
(a) the k]dd]jkconveyancer is to notify the Zmq]jkconveyancer of that finding and provide a N9Linvoice in respect
of the sale of the dgl;
(b) the Zmq]jmust within five Zmkaf]kk\Yqkof receipt of the N9Linvoice pay to the k]dd]jthe N9Ldue; and
(c) if N9Lis payable because the Zmq]jhas not complied with this [gf\alagfG15, the Zmq]jmust pay and indemnify
the k]dd]jagainst all costs, interest, penalties or surcharges that the k]dd]jincurs as a result.
?).&;YhalYdYddgoYf[]k
G16.1 This [gf\alagfG16 applies where the kh][aYd[gf\alagfkstate that there are capital allowances available in
respect of the dgl.
G16.2 The k]dd]jis promptly to supply to the Zmq]jall information reasonably required by the Zmq]jin connection
with the Zmq]jkclaim for capital allowances.
G16.3 The value to be attributed to those items on which capital allowances may be claimed is set out in the kh][aYd
[gf\alagfk.
G16.4 The k]dd]jand Zmq]jagree:
(a) to make an election on [gehd]lagfunder Section
198 of the Capital Allowances Act 2001 to give effect to this [gf\alagfG16; and
(b) to submit the value specified in the kh][aYd[gf\alagfkto HM Revenue and Customs for the purposes of their
respective capital allowance computations.
?)/&EYafl]fYf[]Y_j]]e]flk
G17.1 The k]dd]jagrees to use reasonable endeavours to transfer to the Zmq]j, at the Zmq]jkcost, the benefit of the
maintenance agreements specified in the kh][aYd[gf\alagfk.
G17.2 The Zmq]jmust assume, and indemnify the k]dd]jin respect of, all liability under such contracts from the Y[lmYd
[gehd]lagf\Yl].
?)0&DYf\dgj\Yf\L]fYfl9[l)10/
G18.1 This [gf\alagfG18 applies where the sale is a relevant disposal for the purposes of part I of the Landlord and
Tenant Act 1987.
G18.2 The k]dd]jwarrants that the k]dd]jhas complied with sections 5B and 7 of that Act and that the requisite majority
of qualifying tenants has not accepted the offer.
?)1&KYd]ZqhjY[lalagf]j
G19.1 This [gf\alagfG19 applies where the sale is by a hjY[lalagf]jeither as k]dd]jor as agent of the k]dd]j.
G19.2 The hjY[lalagf]jhas been duly appointed and is empowered to sell the dgl.
G19.3 Neither the hjY[lalagf]jnor the firm or any member of the firm to which the hjY[lalagf]jbelongs has any
personal liability in connection with the sale or the performance of the k]dd]jkobligations. The ljYfk^]jis to include a
declaration excluding that personal liability.
G19.4 The dglis sold:
(a) in its condition at [gehd]lagf;
(b) for such title as the k]dd]jmay have; and
(c) with no title guarantee; and the Zmq]jhas no right to terminate the contract or any other remedy if information
provided about the dglis inaccurate, incomplete or missing.
G19.5 Where relevant:
(a) the \g[me]flkmust include certified copies of those under which the hjY[lalagf]jis appointed, the document of
appointment and the hjY[lalagf]jkacceptance of appointment; and
(b) the k]dd]jmay require the ljYfk^]jto be by the lender exercising its power of sale under the Law of Property Act
1925.
G19.6 The Zmq]j understands this [gf\alagf G19 and agrees that it is fair in the circumstances of a sale by a
hjY[lalagf]j.
?*(&LMH=
G20.1 If the kh][aYd[gf\alagfkstate “There are no employees to which LMH=applies”, this is a warranty by the
k]dd]jto this effect.
G20.2 If the kh][aYd[gf\alagfkdo not state “There are no employees to which LMH=applies” the following paragraphs
apply:
(a) The k]dd]jmust notify the Zmq]jof those employees whose contracts of employment will transfer to the Zmq]j
on [gehd]lagf(the “Transferring Employees”). This notification must be given to the Zmq]jnot less than 14 days
before [gehd]lagf.
(b) The Zmq]jconfirms that it will comply with its obligations under LMH=and any kh][aYd[gf\alagfkin respect of
the Transferring Employees.
(c) The Zmq]jand the k]dd]jacknowledge that pursuant and subject to LMH=, the contracts of employment between the
Transferring Employees and the k]dd]jwill transfer to the Zmq]jon [gehd]lagf.
(d) The Zmq]jis to keep the k]dd]jindemnified against all liability for the Transferring Employees after [gehd]lagf.
?*)&=fnajgfe]flYd
G21.1 This [gf\alagfG21 only applies where the kh][aYd[gf\alagfkso provide.
G21.2 The k]dd]jhas made available such reports as the k]dd]jhas as to the environmental condition of the dgland has
given the Zmq]jthe opportunity to carry out investigations (whether or not the Zmq]jhas read those reports or carried
out any investigation) and the Zmq]jadmits that the hja[]takes into account the environmental condition of the dgl.
G21.3 The Zmq]j agrees to indemnify the k]dd]j in respect of all liability for or resulting from the environmental
condition of the dgl.
?**&K]jna[];`Yj_]
G22.1 This [gf\alagfG22 applies where the dglis sold subject to l]fYf[a]kthat include service charge provisions.
G22.2 No apportionment is to be made at [gehd]lagfin respect of service charges.
G22.3 Within two months after [gehd]lagfthe k]dd]jmust provide to the Zmq]ja detailed service charge account for
the service charge year current on [gehd]lagfshowing:
(a) service charge expenditure attributable to each l]fYf[q;
(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 l]fYf[qand is for that reason irrecoverable.
G22.4 In respect of each l]fYf[q, 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,
the k]dd]jmust pay to the Zmq]jan amount equal to the excess when it provides the service charge account;
(b) attributable service charge expenditure exceeds payments on account (whether those payments have been received
or are still then due), the Zmq]jmust use all reasonable endeavours to recover the shortfall from the tenant at the next
service charge reconciliation date and pay the amount so recovered to the k]dd]jwithin five Zmkaf]kk\Yqkof receipt in
cleared funds; but in respect of payments on account that are still due from a tenant [gf\alagfG11 (Yjj]Yjk) applies.
G22.5 In respect of service charge expenditure that is not attributable to any l]fYf[q the k]dd]j must pay the
expenditure incurred in respect of the period before Y[lmYd[gehd]lagf\Yl]and the Zmq]jmust pay the expenditure
incurred in respect of the period after Y[lmYd[gehd]lagf\Yl]. Any necessary monetary adjustment is to be made
within five Zmkaf]kk\Yqkof the k]dd]jproviding the service charge account to the Zmq]j.
G22.6 If the k]dd]jholds any reserve or sinking fund on account of future service charge expenditure or a depreciation
fund:
(a) the k]dd]jmust pay it (including any interest earned on it) to the Zmq]jon [gehd]lagf; and
(b) the Zmq]jmust covenant with the k]dd]jto hold it in accordance with the terms of the l]fYf[a]kand to indemnify
the k]dd]jif it does not do so.
?*+&J]flj]na]ok
G23.1 This [gf\alagfG23 applies where the dglis sold subject to a l]fYf[qunder which a rent review due on or before
the Y[lmYd[gehd]lagf\Yl]has not been agreed or determined.
G23.2 The k]dd]jmay continue negotiations or rent review proceedings up to the Y[lmYd[gehd]lagf\Yl]but may not
agree the level of the revised rent or commence rent review proceedings without the written consent of the Zmq]j, such
consent not to be unreasonably withheld or delayed.
G23.3 Following [gehd]lagfthe Zmq]jmust complete rent review negotiations or proceedings as soon as reasonably
practicable but may not agree the level of the revised rent without the written consent of the k]dd]j, such consent not to
be unreasonably withheld or delayed.
G23.4 The k]dd]jmust promptly:
(a) give to the Zmq]jfull details of all rent review negotiations and proceedings, including copies of all correspondence
and other papers; and
(b) use all reasonable endeavours to substitute the Zmq]jfor the k]dd]jin any rent review proceedings.
G23.5 The k]dd]jand the Zmq]jare to keep each other informed of the progress 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 Zmq]jmust account to the k]dd]jfor any increased
rent and interest recovered from the tenant that relates to the k]dd]jkperiod of ownership within five Zmkaf]kk\Yqk
of receipt of cleared funds.
G23.7 If a rent review is agreed or determined before [gehd]lagfbut the increased rent and any interest recoverable
from the tenant has not been received by [gehd]lagfthe increased rent and any interest recoverable is to be treated
as Yjj]Yjk.
G23.8 The k]dd]jand the Zmq]jare to bear their own costs in relation to rent review negotiations and proceedings.
?*,&L]fYf[qj]f]oYdk
G24.1 This [gf\alagfG24 applies where the tenant under a l]fYf[qhas the right to remain in occupation under part
II of the Landlord and Tenant Act 1954 (as amended) and references to notices and proceedings are to notices and
proceedings under that Act.
G24.2 Where practicable, without exposing the k]dd]jto liability or penalty, the k]dd]jmust not without the written
consent of the Zmq]j(which the Zmq]jmust not unreasonably withhold or delay) serve or respond to any notice or
begin or continue any proceedings.
G24.3 If the k]dd]jreceives a notice the k]dd]jmust send a copy to the Zmq]jwithin five Zmkaf]kk\Yqkand act as
the Zmq]jreasonably directs in relation to it.
G24.4 Following [gehd]lagfthe Zmq]jmust:
(a) with the co-operation of the k]dd]jtake 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 l]fYf[qand the
determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably obtainable; and
(c) if any increased rent is recovered from the tenant (whether as interim rent or under the renewed l]fYf[q) account
to the k]dd]jfor the part of that increase that relates to the k]dd]jkperiod of ownership of the dglwithin five Zmkaf]kk
\Yqkof receipt of cleared funds.
G24.5 The k]dd]j and the Zmq]j are to bear their own costs in relation to the renewal of the l]fYf[q and any
proceedings relating to this.
?*-&OYjjYfla]k
G25.1 Available warranties are listed in the kh][aYd[gf\alagfk.
G25.2 Where a warranty is assignable the k]dd]jmust:
(a) on [gehd]lagfassign it to the Zmq]jand give notice of assignment to the person who gave the warranty; and
(b) apply for (and the k]dd]jand the Zmq]jmust use allreasonable endeavours to obtain) any consent to assign that
is required. If consent has not been obtained by [gehd]lagfthe warranty must be assigned within five Zmkaf]kk\Yqk
after the consent has been obtained.
G25.3 If a warranty is not assignable the k]dd]jmust after [gehd]lagf:
(a) hold the warranty on trust for the Zmq]j; and
(b) at the Zmq]jkcost comply with such of the lawful instructions of the Zmq]jin relation to the warranty as do not
place the k]dd]jin breach of its terms or expose the k]dd]jto any liability or penalty.
?*.&FgYkka_fe]fl
The Zmq]jmust not assign, mortgage or otherwise transfer or part with the whole or any part of the Zmq]jkinterest
under this [gfljY[l.
?*/&J]_akljYlagfYll`]DYf\J]_akljq
G27.1 This condition G27.1 applies where the dgl is leasehold and its sale either triggers first registration or is a
registrable disposition. The Zmq]jmust at its own expense and as soon as practicable:
(a) procure that it becomes registered at Land Registry as proprietor of the dgl;
(b) procure that all rights granted and reserved by the lease under which the dglis held are properly noted against the
affected titles; and
(c) provide the k]dd]jwith an official copy of the register relating to such lease showing itself registered as proprietor.
G27.2 This condition G27.2 applies where the dglcomprises part of a registered title. The Zmq]jmust at its own expense
and as soon as practicable:
(a) apply for registration of the ljYfk^]j;
(b) provide the k]dd]jwith an official copy and title plan for the Zmq]jknew title; and
(c) join in any representations the k]dd]jmay properly make to Land Registry relating to the application.
?*0&Fgla[]kYf\gl`]j[geemfa[Ylagfk
G28.1 All communications, including notices, must be in writing. Communication to or by the k]dd]jor the Zmq]jmay
be given to or 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 kYd]
e]egjYf\me) by a postal service that offers normally to deliver mail the next following Zmkaf]kk\Yq.
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 Zmkaf]kk\Yq
a communication is to be treated as received on the next Zmkaf]kk\Yq.
G28.4 A communication sent by a postal service that offers normally to deliver mail the next following Zmkaf]kk\Yq
will be treated as received on the second Zmkaf]kk\Yqafter it has been posted.
?*1&;gfljY[lk Ja_`lkg^L`aj\HYjla]k!9[l)111
No one is intended to have any benefit under the [gfljY[lpursuant to the Contract (Rights of Third Parties) Act 1999.
A full copy of the Common Auction Conditions
including the Glossary can be found at:
www.rics.org/commonauctionconditions
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