PROPERTY AUCTIONS - Loveitts Estate Agents

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PROPERTY AUCTIONS
EXCELLENT PROVEN TRACK RECORD | COVENTRY, WARWICKSHIRE & BEYOND
Thursday 6th February 2014
At 6.30pm (doors open at
5.30pm)
De Vere Village Hotel, Coventry
Business Park, Coventry CV4 9GZ
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Auction Information
Important Notice to Bidders
1. The attention of prospective purchasers is drawn to the
general and special conditions of sale which are available
for inspection at the office of the Vendors Solicitors and
at the office of the Auctioneers.
2. Prospective purchasers shall be deemed to have
inspected the relevant property. The vendor’s solicitors
will provide a contract pack including the usual necessary
searches and enquiries with all relevant authorities and
other bodies. This is available for inspection at the
Auctioneers office, during normal business hours. It is
advisable to arrange for a survey of the property prior to
the Auction.
3. As soon as the Auctioneers gavel falls on a bid, the
successful bidder is under a binding contract to purchase
the relevant property. The purchaser is immediately at risk
in relation to the property and should therefore have
confirmed bank or building society finance arranged (if
required) and will also be deemed to have made prior
arrangements for any insurance cover that is required.
Completion will occur 28 days after exchange, unless
otherwise specified.
4. On a property being knocked down, the successful bidder
must immediately present to the Auctioneers Clerk his
name and address and if appropriate, the name and
address of the person or company on whose behalf he has
been bidding, also the forms of identification requested
concerning the Money Laundering Act 2007 - this
information is detailed separately.
7. Prospective purchasers are strongly advised to check any
sales particulars as to measurements, areas and all other
matters to which the properties are expressed to be
subject to and have the benefit of. In respect of any
contents,fixtures and fittings, expressed to be included
within the sale an inspection of the property must be
made, and the Legal Information provided by the
vendors solicitors must be inspected. All measurements
and areas referred to in this catalogue are approximate
only.
8. All location plans published in the particulars of sale are
to enable prospective purchasers to locate the property
only. The plans are photographically reproduced and
therefore not to scale and are not intended to depict the
interest to be sold but are for identification purposes
only. The boundary lines and numbers on the
photographs are again only to enable prospective
purchasers to locate the property and are not intended to
depict the interest to be sold. Purchasers are advised to
view the special conditions in respect of the precise
interest to be conveyed.
9. Any guide prices or any estimates or values mentioned in
negotiations or discussions with the Auctioneers or any of
their representatives cannot be relied upon by a
prospective purchaser as representing professional
valuations for any purpose in accordance with the
requirements on guidance notes of relevant professional
bodies or other authorities. In all respects prospective
purchasers are deemed to have relied upon their own
knowledge or the advice of their own professional or
other advisors. Also the reserve price may in some
instances exceed the quoted Guide Price.
5. The successful bidder must sign and exchange contracts
with the Vendors Solicitors prior to leaving the room and at
the same time pay to the Solicitor a deposit of 10% of
the purchase price plus the Buyer’s Premium. In default
of any of the above, the Auctioneer shall be entitled as
Agent for the Vendors, to treat the failure or default as
repudiation and rescind the contract. Thereafter the
Auctioneer shall be entitled to re-submit the property for
sale and if a successful bidder does not pay a deposit
and/or complete the memorandum the Vendor reserves
the right to claim any loss he suffers as a result.
10. Where a Guide Price range is speciﬁed, the Reserve
Price will be no higher than the upper end of that
range.
6. The Vendor has a right to sell before Auction or withdraw
the Lot and neither the Auctioneer nor the Vendor is
responsible for any abortive costs, loss or damages
incurred by a prospective purchaser in these
circumstances. Information as to prior sale or the
withdrawal of a Lot can be obtained from the Auctioneers
at any time prior to the Auction but vaild only at the time
of enquiry.
13. The dimensions and/or areas shown in this catalogue are
intended to be accurate to within +/- 5% of the figure
shown. If greater accuracy is required we advise intending
purchasers to carry out check measuring.
11. Bids may be refused at the Auctioneer’s discretion. The
Auctioneers reserve the right to bid on behalf of the
Vendor up to the reserve.
12. Inspection of investment properties is courtesy of the
tenant. Inspection of properties with vacant possession
only by arrangement with the Auctioneers. Interested
parties should ring the office to discuss viewing
arrangements or book keys before making their journey.
14. Properties sold at auction are not normally cleared of
furniture and effects on completion.
Property Insurance
Once the hammer falls at a Property Auction, the purchaser
becomes liable for the insurance of the property they have
purchased.
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Auction Information
Misrepresentation Act 1967 and 1991
The Agents for themselves and for the Vendors of these Lots, whose Agents they are, give notice that,
1. These Particulars do not constitute any part of an offer, or a contract.
2. All the statements contained in these particulars as to the Lots are made without responsibility and are not to be relied on as
statements or representations of fact and they do not make or give any representations or warranty whatsoever in relation to these
Lots.
3. Any intending Purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements
contained in these Particulars.
4. No guarantee can be given as to the working condition of the various apparatus, appliances and services.
5. All items shown in photographs may not be included in the sale. All measurements are approximate.
The Money Laundering Regulations 2007
In order to comply with these Regulations, on the night of the auction, all buyers will have to provide:-
PROOF OF IDENTITY - EITHER
• Current Signed Passport
• Current Full UK EU photo card driving licence, NOT a provisional driving licence
• Inland Revenue Tax notification
AND
PROOF OF ADDRESS - EITHER
• Utility bill issued within the last three months (gas, electricity, council tax, telephone, water rates but NOT mobile phones)
• Bank or Building Society statement
Please note that only the above documents will be accepted at the auction venue.
IN ADDITION
• If a bidder is acting as an agent on behalf of another party, they will be required to provide the documents detailed above for both
themselves (the agent) and the principal, as well as providing a valid letter of authority from the principal authorising them to bid
on their behalf.
• If a bidder is acting on behalf of a company, the above documents will still be required along with a written authority from the
company.
Failure to comply with the above could invalidate your bid and purchase of any Lot.
Buyers Premium
The successful purchaser will be required to pay the Auctioneers a buyer’s fee upon exchange of contracts, also all purchasers will be
required to produce proof of identity, as well as their 10% deposit. Two forms of identification required.
Guide Price
Up to £250,000
£250,000 +
Buyers Premium
£395 + V.A.T.
£500 + V.A.T.
Please bring your cheque book in order to pay the 10% deposit plus the buyer’s premium as
credit or debit card payments are NOT acceptable.
Conditions Of Sale
The Lots will, unless previously withdrawn, be sold subject to the Special and General Conditions of Sale which have been settled by
the Vendors’ Solicitors. These Conditions may be inspected during the usual office hours at the offices of the Vendors Solicitors
mentioned in the full sales particulars during the five days (exclusive of Saturday and Sunday) immediately before and exclusive of
the day of the Sale. The Conditions may also be inspected in the Sale Room at the time of the Sale, but they will NOT then be read.
The Purchaser shall be deemed to bid on those terms, whether he shall have inspected the Conditions or not.
For any queries regarding the process of buying at Auction please do not hesitate to contact the
Auction Team on 024 7652 7789
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Excellent Proven Track Record
With Over 100 Years Experience
Our clients include:
° Prominent Local Charities
° Warwickshire Police Authority
° Coventry City Council
° National Trust
° Treasury Solicitor
° Price Waterhouse Coopers
° Primary Care Trust
What are the beneﬁts of
selling at auction?
Loveitts have been selling property at Auction
for over 150 years and the current Auction
Team have a combined total of over 60 years
experience within the property market.
Loveitts are justifiably proud of their long and
successful record of selling both residential and
commercial properties ‘under the hammer’.
The firm holds regular property auctions in
Coventry and Warwickshire, usually every two
months, and these attract a significant number of
attendees.
The Auction Team inspect every auction property
personally to ensure that the best possible advice
is given. In addition as part of our ongoing service,
vendors receive regular progress reports
throughout the entire marketing campaign.
° Best possible price achieved
Which properties are suitable for
auction?
° Binding contract plus 10% deposit paid on
° Residential properties and particularly those in
the fall of the hammer
° Completion usually within 28 days
° Chain free sale
need of modernisation and improvement
° Commercial and Industrial properties
° Rural properties
° Land with or without planning consent
° No adverse surveys or down valuations
° Probate / Executor properties
° Quick hassle-free sale
° Repossessions
° Fire damaged or blighted properties
° Unusual and distinctive properties
° Blocks of freehold garages
° Ground rents
° Builders yards / storage facilities
° Residential and Commercial investments
For a Free Market Appraisal and no
obligation chat please call us on
024 7652 7789
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Fast,
ﬂexible
short term
loans rates
from just
0.75%
working in
association
with
Bridging ﬁnance can be provided quickly for your auction purchase:
s0ORTFOLIOINVESTMENTs"UYTO,ETs3EMICOMMERCIALs#OMMERCIAL
0161 333 1970
@AuctionFinance
Scott Hendry
Paul Hughes
Jan Gallagher
Laura Morgan
07778 150 845
07903 560 742
07946 891 349
07714 316 568
auctionﬁnance.co.uk
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LEGAL DOCUMENTS
All legal documents are available via our website and all
parties wishing to inspect a Legal Pack can register their
details on the site. The Legal Packs are available via a
service provided by The Essential Information
Group Ltd, which will not only allow the download of
the Legal Pack but will also keep you updated with any
changes to the Pack. Please note however that it is the
responsibility of all bidders to recheck the Legal Packs
for any changes prior to bidding, and the Auctioneer
can accept no responsibility for any bidders not
adhering to this advice.
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ENERGY PERFORMANCE CERTIFICATES
Midland EPC Limited is a team of accredited Energy Assessors based in Coventry. We supply both Domesc and
Commercial EPC’s for Landlords, Homeowners, Estate Agents, and Local Authories.
All our assessors hold advanced CRB clearance cerﬁcates and work in a professional and friendly manner.
OUR SERVICES
• Domesc EPC’s
• Commercial EPC’s
• Green Deal Assessments
• Asbestos Survey Reports
• Asbestos Removals
• Lo & Cavity Wall Grants
• FREE Boilers
• Solar Panel EPC’s
• SAP & SBEM Calculaons
• ECO Calculaons
CALL US NOW!!!
MIDLAND ENERGY PERFORMANCE CERTIFICATES LIMITED
Building 2-4 Bilton Business Park, Humber Avenue, Coventry CV3 1JL
T: 024 76 444 111
E: [email protected]
W: www.midlandepc.co.uk
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Offering a full range of legal services.
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Why not give us a try – we offer a Free
First Advice service to see if we’re the
right solicitor for you. Call your local
office now:
What you can expect
Coventry office, 02476 631212
1 The Quadrant, Coventry, CV1 2DW
Kenilworth office, 01926 857631
39-41 Warwick Rd, Kenilworth, CV8 1HN
QualitySolicitors
Mander Hadley
Changing the way you see lawyers
[email protected]
www.qualitysolicitors.com/manderhadley
Authorised and regulated by the Solicitors Regulation Authority No. 58396.
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For all of your
property needs:-
M42
Tamworth
Atherstone
° Residential Sales
Nuneaton
° Residential Lettings
Hinckley
Bedworth
° Land and New Homes
M42
M69
Coventry
M6
Balsall
Common
Rugby
° Financial Services
Kenilworth
Marton
Wroxall
° Professional Services
° Auctions
° Commercial Property
° Property Management
° Surveys & Valuations
Leamington Spa
Henley-in-Arden
Warwick
Southam
Alcester
M40
Stratford-upon-Avon
Wellesbourne
Kineton
Shiptonon-Stour
Established in 1843, Loveitts is the
largest independent multi-discipline
practice of Estate Agents, Chartered
Surveyors, Valuers and Auctioneers in
Coventry and Warwickshire. Loveitts
is your ﬁrst choice of agent to ﬁnd the
right property for you.
Loveitts Feb Cover.qxp_Layout 1 17/01/2014 10:25 Page 1
For further information on any of the Lots
Ofﬁces also at
offered please do not hesitate to contact us or
visit our web site at www.loveitts.co.uk
Nuneaton Office
7 Coventry Street
Nuneaton
Warwickshire
CV11 5TD
T: 024 7634 7676
F: 024 7767 3509
E: [email protected]
NEXT AUCTION
Thursday 27th March 2014
LOTS NOW BEING TAKEN
Southam Office
Leamington Spa Office
D LN
OLD COVENTRIANS
RUGBY FOOTBALL
CLUB
TILE HILL LN
B4101
29 Warwick Row
Coventry
CV1 1DY
T: 024 7652 7789
F: 024 7663 2212
E: [email protected]
W: www.loveitts.co.uk
BROA
WY
AD H
MSTE
TCHA
Coventry Office (HEAD OFFICE)
D LN
LE
A45 F
16 Denby Buildings
Regent Grove
Leamington Spa
CV32 4NY
T: 01926 429268
F: 01926 450693
E: [email protected]
BROA
A45 FLETCHAMSTEAD HWY
4 High Street
Southam
CV37 0HA
T: 01926 813428
F: 01926 812467
E: [email protected]
HOTEL
VENUE
B4101 HERALD AVE
N
MMO
L CO
RSAL
1 HEA
B410
HEARSALL
COMMON
Bidding Order – Auction 6th February 2014
GUIDE PRICE
1
88 Wainbody Avenue South, Green Lane, Coventry CV3 6BZ
£150,000 - £160,000
2
Land Orchard Street, Bedworth CV12 8BW
£30,000 - £50,000
NOTE: Conditional Planning Approval was granted on 16th January 2014.
3
Land, Daventry Road, Staverton Nr Daventry NN11 6BG
£5,000 - £15,000
4
38 School Hill, Hartshill, Nuneaton CV10 0ND
£85,000 - £95,000
5
No 68 Allotment, Shakespeare Gardens, Shakespeare Street, Coventry CV2 4JZ £6,500
6
Garage 42, Prince of Wales Road, Chapelfields, Coventry CV5 8GQ
£3,000
7
25 Boston Place, off Lockhurst Lane, Foleshill, Coventry CV6 5NN
£65,000 - £75,000
8
3 Dronfield Road, Walsgrave, Coventry CV2 4BZ
£65,000 - £75,000
9
23 Upper Abbey Street / 1-2 Abbey Green, Nuneaton CV11 5DN
SOLD PRIOR
£65,000 - £75,000
10 136 Croft Road, Stockingford, Nuneaton CV10 7DW
PRICES CORRECT AT TIME OF GOING TO PRESS – 17.01.14
ENERGY PERFORMANCE RATINGS (PER LOT)
Lot 1: D
Lot 2: N/A
Lot 3: N/A
Lot 4: F
Lot 5: N/A
Lot 6: N/A
Lot 7: E
Lot 8: F
Lot 9: D
Lot 10: G
TEL: 024 7652 7789
EMAIL: [email protected]
WEB: www.loveitts.co.uk