auction: WEDNESDAY 12th OCTOBER noon

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auction:

WEDNESDAY 12th OCTOBER 2011 12.00 noon

ETON SUITE, COPTHORNE HOTEL, CIPPENHAM LANE, SLOUGH BERKSHIRE SL1 2YE

the

property

auction specialists

Thames Valley, Surrey and

Home Counties

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Eton Suite, Copthorne Hotel

Cippenham Lane, Slough,

Berkshire SL1 2YE

A3 0 4 4 A 32₀ A30 A329 A329 A330 A₃ 0₉ 5 A330 A 3₂ 1 A4 A4 A32 2 A₃ 0₈ A₃ 5₅ A40 A40 A4155 A 4 0₉ 4 A 4₁ 2 A4 12 A₄ 08 B30 22 A4 04 A 4 04 A3 55 A 4 1 3 A40 A30 A30 A315 A4 A 329 A3 22 A404 A 4020 M4 M4 M4 M2 5 M3 M 2 5 M40 M40 A329(M) A404(M₎ M 25 Windsor SLOUGH Egham Wokingham BRACKNELL MAIDENHEAD BEACONSFIELD Uxbridge HIGH WYCOMBE Marlow Ashford Sunbury Gerrards Cross Ascot Thorpe Park Windsor Castle Legoland Slough Town Centre Windsor Town Centre Cliveden Henley Oxford Twickenham Wembley Stadium London (Central) Richmond Upon Thames Kew Gardens COPTHORNE London Heathrow Airport

Produced by PCGraphics (UK) Limited.

By Air

London Heathrow Airport is 15-20 mins by car. By Rail

Slough Intercity Railway Station is 5 mins by car. By Road

From the M4, exit at Junction 6 and follow A355 towards Slough. At roundabout turn left, and the hotel is on the left.

From the M40, exit at Junction 2 and follow A355 towards Slough. At the A355/A4 junction, go straight across traffic lights. At roundabout turn right, and the hotel is on the left.

Alternative route from Airport to Hotel Route from Airport to Hotel

Auction Offices

www.auctionhouse.uk.net

Auction Venue

16 Lots

For Sale By Auction

(Unless previously sold or withdrawn)

15 4b 4 1 16 1a 1 12 2 MILLENNIUM M25 M4 M3 M25 M40 6 SLOUGH WINDSOR London Heathrow Airport LONDON THE WEST not to scale

Regency House, 4 Clarence Road,

Windsor, Berkshire SL4 5AD

Tel: 01753 847220 Fax: 01753 869439

Email: thamesvalley@auctionhouse.uk.net

66 High Street

Walton on Thames, Surrey KT12 1BU

Tel: 0845 505 2255

Email: surrey@auctionhouse.uk.net

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Welcome to our Autumn Catalogue, detailing the 8th

Auction to be held at the Copthorne Hotel.

We are delighted to bring you a varied and unique selection of lots

with everything from a single garage in Windsor to a former factory

in Chesham. For the residential property investor we have a selection

of houses and flats, including the opportunity of buying three

apartments in one block, a four bedroomed home guided under

£200,000 and a flat under £80,000.

Auction House have been delighted with the results of our recent

auctions, achieving sales on over 90% of lots at the June auction, from

a packed room of enthusiastic buyers. Feedback from clients has

confirmed that whilst the auction room is seen as a professional

environment, people appreciated the friendly atmosphere where our

staff are on hand for advice in relation to both buying and selling

property.

On the national stage Auction House continues to grow from

strength to strength. We are now the UK’s second largest auction

company, based on total number properties sold. Between January

and May 2011 Auction House sold 622 lots, a massive 80% increase

on the same period last year. Our first event in London remains the

most successful sale held in the capital so far this year with over 90%

success rate, this is yet to be matched. We believe the success of

Auction House is our strength and knowledge in every area we

operate in, combined with our truly national coverage.

If you are an existing proper ty agent in the Berkshire,

Buckinghamshire or Surrey area, with clients who may have suitable

properties for sale by auction, please call us to see how we can work

together. We already have a wide network of Introducer Agents

across the region who benefit from offering this service. Please call

either Tim or Adam who will be happy to discuss the benefits with

you (contact details are on the back of the catalogue).

In most cases the properties for sale will be available to view on

an open house basis. For further information on times and dates

please contact one of our offices or visit our website at

www.auctionhouse.uk.net Can we remind you that Auction House

offer facilities to download legal documents free of charge. Just follow

the links to the individual properties.

Should you be interested in discussing a potential lot in our next

auction please talk to one of our staff on the day or call the office

where one of our experienced valuers will be delighted to discuss the

benefits with you.

Lastly, we very much look forward to seeing you on the day, whether

you are a seasoned hand or simply wish to understand the process a

little better.

Happy bidding!

Message from the Auctioneers

Tim Atkinson - Partner

With regular auctions throughout the year we are always looking for property and land to include. If you

feel your property would suit an auction sale, or indeed you require a quick and guaranteed sale, please

call the relevant office for further information and a free market appraisal.

Thames Valley

01753 847220

Surrey

0845 505 2255

Adam Hesse - Partner

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Auction information

The Catalogue

Details of the property and land to be sold are

set out in this catalogue. All lots are sold subject to Special

Conditions of Sale. It is important that prospective purchasers satisfy

themselves as to the location, boundaries, condition and state of the

lots before the auction.

Plans and Photographs

The plans and photographs published in

the catalogue are to aid identification of the property only. The plans

are not to scale.

Guide Prices

Guide prices quoted in the catalogue are provided as

indication only and may change at any time prior to the auction. The

sale price will be dependent on bidding in the auction room and on

the Vendors' instructions.

Reserve Price

Each property will be sold subject to a reserve price.

This is a confidential figure set between the Vendor and the

Auctioneer. It is a figure below which the Auctioneer cannot sell the

property.

The Legal Aspect

Buying at auction is a contractual commitment.

Before making an offer prior to auction or bidding at the auction it

is advisable to consult a solicitor regarding the General and Special

Conditions of Sale, the local authority search and other legal

documentation.

Pre Auction Sales

Offers made on property included in this

catalogue may be accepted by the Vendor prior to the auction. If you

are intending to bid at the auction for a specific lot, we recommend

that you keep in contact with the Auctioneer's office.

The Auctioneers or Vendors cannot be held responsible for costs

incurred in respect of any lot which is withdrawn or sold prior to

auction.

Attending the Auction

It is always wise to allow sufficient time to

get to the auction. Legal packs for most of the properties will be

available for inspection. It is important you read these and the final

addendum/alteration list which will also be available as any

purchase will be subject to these.

Bidding

Each property will be offered individually by the Auctioneer.

Ensure that your bids are clear and noticed by the Auctioneer. If you

are successful in bidding for the property you will be approached by

a member of Auction House staff who will request your personal

information and identification. You will then be guided to the cashiers

desk for payment of the deposit.

Bidding by Proxy or Telephone

If you are unable to attend the

auction you are invited to contact us to discuss special

arrangements for bidding by proxy or telephone. A pre auction

bidding form and conditions appear towards the end of this

catalogue.

Proof of Identification

In order to abide by the money laundering

regulations we ask that all prospective purchasers provide proof of

identity. Please bring your passport or photographic UK driving

licence and a current utility bill, bank statement or council tax bill to

the auction. If purchasing on behalf of a company you will also need

to present proof of your position within the company and company

letterhead.

Solicitors Details

The name, address and telephone number of the

solicitor who will be acting for you in any purchase will be required

before you leave the auction room.

Deposit

When you buy a property you will be approached by a

member of Auction House staff and asked to go to the cashiers

desk to sign the Memorandum of Sale. You will be asked to pay a

deposit of 10% of the purchase price subject to a minimum deposit

of £3,000. Deposits can only be paid by bankers draft, building

society cheque or personal cheque. Cash or card payments will not

be accepted. Please note, should the cheque have to be

represented a processing charge of £50.00 + VAT will be charged

by deduction from the deposit.

The Contract

The Memorandum of Sale will be signed in duplicate.

One copy will be given to you, which you must give to your solicitor.

The second copy will be retained by the Vendors’ solicitor. Completion

usually takes place after 28 days but this date can vary. The legal

pack of each property will state the completion date due. The date

will also be announced immediately prior to the commencement of

bidding of each lot.

Administration Charge

Purchasers will be required to pay by

cheque, an administration charge of £350.00 + VAT in addition to

the deposit. A VAT receipt will be issued after the auction.

Insurance

Unless indicated to the contrary, the seller will continue

to be responsible for insuring the property until completion

Post Auction Sales

If a property you are interested in is not sold

at the auction please speak to the Auctioneer and make an offer.

Your offer will be put forward to the Vendor and if accepted, you will

be able to proceed with your purchase under auction rules.

Disclaimer

Particulars within this catalogue are believed to be

correct but their accuracy is not guaranteed. Information relating to

Rating matters has been obtained by verbal enquiry only.

Prospective purchasers are advised to make their own enquiries of

the appropriate Authority. All measurements, areas and distances

are approximate only. Potential purchasers are advised to check

them.

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Order of Sale

Wednesday 12th October 2011 Eton Suite, Copthorne Hotel, Cippenham Lane, Slough, Berkshire SL1 2YE

LOT

ADDRESS

GUIDE PRICE

LOT TYPE

1

Flat 2, Cedar Court, Farnham, Surrey

£100,000 - £120,000

Residential Investment

2

61 Pondmoor Road, Bracknell, Berkshire

£180,000 - £200,000

3

57A Victoria Road, Aldershot, Hampshire

£80,000 - £90,000

4

57C Victoria Road, Aldershot, Hampshire

£75,000 - £85,000

5

57D Victoria Road, Aldershot, Hampshire

£70,000 - £80,000

Residential for Improvement

6

Garage, Monks Road, Windsor, Berkshire

£8,000 - £10,000

Investment

7

16 Cambridge Road, Walton on Thames, Surrey

£200,000 - £250,000

Mixed Use Investment

8

47A St Leonards Road, Windsor, Berkshire

£180,000 - £215,000

9

19 Ashridge Court, Newbury, Berkshire

£35,000 - £40,000

10

Flat 2, Amberley Place, Windsor, Berkshire

£135,000 - £155,000

11

280 Bellingdon Road, Chesham, Bucks

£350,000 - £400,000

Redevelopment Opportunity

12

Land Rear of Albion Cottages, Windsor, Berkshire

£120,000 - £145,000

Land

13

Land Adjacent to Eton Excelsior Rowing Club, Windsor, Berkshire

£250,000

Land

14

Land Adjacent to Dene Cottage, Tower Hill, Dorking, Surrey

£150,000 - £200,000

Land

15

25 High Street, High Wycombe, Bucks

£325,000 - £350,000

Commercial/Residential

16

71 High Street, Egham, Surrey

£200,000 - £250,000

For a package that

will work for you,

Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Required is authorised and regulated by the Financial Service Authority. The FSA does not regulate some

aspects of Buy to let arrangements. Mortgage Required is a trading name of Atkinson & Keene, 41 Queen Street,

Maidenhead, Berkshire SL6 1NB which is authorised and regulated by the Financial Services Authority.

Mortgage Required is entered on the FSA Registered No. 433132 at www.fsa.gov.uk/register

Call:

01628 760 930

Auction House Thames Valley

0845 505 2299

Auction House Surrey

(calls charged at local rates)

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LOT 1

Residential investment

GUIDE PRICE

£100,000 - £120,000

Flat 2 Cedar Court, Castle

Street, Farnham, Surrey GU9 7JF

Tenure: Leasehold

Services: Interested parties are invited to make their own enquiries of the relevant authorities as to the availability of the services.

Local Authority: Waverley Borough Council

Solicitors: Parl Harden & Co., 34 Ascott Avenue, Ealing, London W5 5QB. Tel: 0800 7561436. Ref: Mr Paul Harden.

Plans and Photographs: The plans and photographs are there to aid

Two Bedroom Residential Investment

Description

A ground floor two bedroom apartment forming part of a

mansion house set in its own pleasure grounds adjacent to

Farnham Park. The property is one of 7 apartments and is an ideal

rental investment with longer term development potential.

Currently let on a periodic AST at £9,540 pa. Current tenant has

been in occupation since 22nd June 2010.

Situation

The property is within a short walk of Farnham Town centre with

its excellent range of shopping and recreational facilities and the

mainline station.

Directions

From the centre of Farnham proceed north up Castle Street, just

before the Castle will be found Cedar Court.

Viewing Arrangements

Strictly by appointment with the Auctioneers. Tel: 0845 5052255.

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LOT 2

GUIDE PRICE

£180,000 - £200,000

61 Pondmoor Road, Bracknell,

Berkshire RG12 7JL

Tenure: Freehold

Local Authority: Bracknell Forrest Council

Solicitors: Refer to the Auctioneers. Tel: 01753 847220.

Plans and Photographs: The plans and photographs are there to aid identification of the property only. The plans are not to scale.

Residential Investment

Description

A large four bedroom family home, with two reception rooms

and a large conservatory. Upstairs there are four bedroom and a

refitted bathroom, in addition to a large wet room on the ground

floor. Outside there is a secluded rear garden with vehicular

excess as well as a well maintained front garden. The property is

offered in good condition and is ready for owner occupation or

suitable as an investment for rental purposes.

Situation

Situated in a quiet residential road within quarter of a mile of local

shops and a mile from Bracknell town centre and mainline train

station.

Directions

Proceed from the town centre via the A322 Bagshot Road at the

first round about take the fourth excit onto Rectory Road take

the third turning onto Pondmoor Road where the property can

be found a little way along on the left.

Vewing Arrangements

Strictly by appointment with the Auctioneer. Tel: 01753 847220.

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Apartment for Improvement

Description

An excellent rental investment being a first floor two bedroom

semi split level conversion flat benefitting from two good sized

bedrooms, a large living room, fitted kitchen and bathroom. The

property further benefits from double glazing and night storage

heaters. The property does require some cosmetic attention and

this has been considered in the guide price.

Situation

Situated a short walk of both the Town Centre and the train

station this property would make an ideal rental investment.

Viewing Arrangements

Strictly by appointment with the Auctioneers. Tel: 0845 5052255

LOT 3

GUIDE PRICE

£80,000 - £90,000

57A Victoria Road, Aldershot,

Hampshire GU11 1SJ

Tenure: Leasehold

Services: Interested parties are invited to make their own enquiries of the relevant authorities as to the availability of the services.

Local Authority: Rushmoor Borough Council

Solicitors: Goldsmith Williams, Mersey Chambers, 5 Old Church Yard, Liverpool L2 8GW. Tel: 0845 3733737. Ref: Ms Maxine Morrison.

Plans and Photographs: The plans and photographs are there to aid identification of the property only. The plans are not to scale.

Apartment for Improvement

Description

A well presented ground floor conversion apartment comprising a

light and spacious living room with wood flooring and fitted

kitchen. A fitted white bathroom suite and double bedroom.

There is double glazing to the front, gas central heating and

security entry-phone system

Situation

Situated a short walk of both the Town Centre and the Train

Station this property would make an ideal rental investment.

Strictly by appointment with the Auctioneer. Tel: 0845 5052255..

LOT 4

GUIDE PRICE

£75,000 - £85,000

57C Victoria Road, Aldershot,

Hampshire GU11 1SJ

Tenure: Leasehold

Solicitors: Goldsmith Williams, Mersey Chambers, 5 Old Church Yard, Liverpool L2 8GW. Tel: 0845 3733737. Ref: Ms Maxine Morrison.

Plans and Photographs: The plans and photographs are there to aid identification of the

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Apartment for Improvement

Description

A ground floor apartment situated to the rear of this Victorian

building. The flat is entered through the communal hallway but

also benefits from access to the rear of the building via the living

room. The property requires some updating and offers a kitchen,

bedroom and bathroom.

Situation

Situated a short walk of both the Town Centre and the Train

Station this property would make an ideal rental investment

LOT 5

Residential for improvement

GUIDE PRICE

£70,000 - £80,000

57D Victoria Road, Aldershot,

Hampshire GU11 1SJ

Tenure: Leasehold

Solicitors: Goldsmith Williams, Admiral House, Harlington Way, Fleet, Hampshire GU51 4YA. Tel: 01252 365253. Ref: Ms Maxine Morrison.

Garage Investment Opportunity

Description

Situated approximately 2 miles to the West of Windsor Town

Centre is this single garage. The access to the garage is located at

the end of Monks Road, a quiet residential cul-de-sac. With

parking in and around Windsor being at a premium, this garage

would make an ideal investment.

Directions

From our office on Clarence Road, head West and at the

roundabout, take the 3rd exit onto Clarence Road/B3024. Go

through the mini roundabout and at the next mini-roundabout,

take the second exit and then left at this mini-roundabout onto

Wolf Lane. Turn right onto Poolmans Road, right onto Priors

Road and then right onto Monks Road. The access to the garage

is at the bottom on the left.

LOT 6

Investment Opportunity

GUIDE PRICE

£8,000 - £10,000

Garage, Monks Road, Windsor,

Berkshire

Tenure: Freehold

Local Authority: Royal Borough of Windsor and Maidenhead Solicitors: Please contact the Auctioneers. Tel: 01753 847220.

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LOT 7

Mixed Use

GUIDE PRICE

£200,000 - £250,000

16 Cambridge Road, Walton

on Thames, Surrey KT12 2OP

Tenure: Freehold

Local Authority: Ellmbridge Borough Council

Solicitors: Infields Solicitors, 1 Old Bridge Street, Hampton Wick, Kingston Upon Thames, Surrey KT1 4DB. Tel: 020 8977 7633. Ref: Roger Newhall. Plans and Photographs: The plans and photographs are there to aid identification of the property only. The plans are not to scale.

Mixed Use Investment Opportunity

Description

A freedhold investment comprising a retail unit on the ground

floor and a one bedroom apartment to the first floor.

The retail until consist of three separate offices with kitchenette

and WC, off street parking and half of the garden to the rear. This

unit (S.T.P.P.), could be reconfigured quite easily into a two

bedroom garden flat which would rent in the region of

£850-£900 PCM and can be worth in the region of £200,000.

The one bedroom first floor apartment with half the rear garden

is currently let at £600 PCM to a long term tenant, although the

current market rent is nearer £750 PCM.

Situation

Cambridge Road is a popular residential area benefitting from its

own local shopping parade and with easy access onto the River

Thames towpath. The main shopping facilities of Walton on

Thames town cetre are within walking distance as is the mainline

railway train station.

Directions

From our Walton office, drive through the High Street, turning

right at the traffic lights into Church Street which continues into

Terrace Road. Cambridge Road is the sixth road on the left hand

side.

Strictly by appointment with the Auctioneer. Te: 0845 5052255

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LOT 8

Residential Investments

GUIDE PRICE

£180,000 - £215,000

47a St. Leonards Road,

Windsor, Berkshire SL4 3BP

Tenure: Leasehold

Local Authority: Royal Borough of Windsor & Maidenhead

Solicitors: Kidd Rapinet, 33 Queen Street, Maidenhead, Berkshire SL6 1NB. Tel: 01628 621301. Ref: Mr Karl Haycock.

Rental Investment Opportunity

Description

A two bedroom first floor apartment located in the heart of

Windsor Town centre. The property is fitted with a modern

kitchen and bathroom. Further benefits include a large living room

with feature fireplace two generous size bedrooms and a pleasant

outlook.

Situation

Located in the Heart of Windsor Town Centre with its many

shops, bars, restaurants and mainline railway station giving easy

access to both London Paddington and London Waterloo.

Directions

From our offices on Clarence Road turn left at the traffic lights

into St. Leonards Road. The property can be found a short way

along on the left hand side.

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LOT 9

Residential for Investment

GUIDE PRICE

£35,000 - £40,000

19 Ashridge Court, Newbury,

Berkshire RG14 7LL

Tenure: Leasehold

Local Authority: Newbury Town Council

Solicitors: Mills and Bann Solicitors, 8 Cheap Street, Newbury, Berkshire RG14 5DD. Tel: 01635 32000. Ref: Mr Andrew Mills.

Ground Floor Studio Apartment

Description

Located within easy reach of Newbury town centre is this ground

floor apartment. Offered with vacant possession the property

forms part of a retirement development.

Accommodation comprises a large living area 14'5" x 14'4" a

fitted kitchen/diner 11'2" x 6'9" and separate bathroom.

Additionally, the property benefits from parking and communal

grounds in addition to further resident facilities including a

residents lounge. We have been informed that the property has

approximately 75 years remaining on the lease and does have

permission to rent out on an assured shorthold tenancy. We

recommend that the legal pack is checked for confirmation of this

prior to purchase.

Situation

A spacious ground floor studio is situated in the popular

residential home of Ashridge Court being only minutes walk from

the Town Centre, Sainsburys Supermarket and the Railway

Station.

Description

From the office in Cheap Street return onto the dual carriageway,

take the fourth exit heading South, continue to the next

roundabout, take the fourth exit onto the dual carriageway,

continue for a short distance turning left into Station Road and

Ashridge Court is immediately on the left hand side. The

apartment is in the Main Block

Strictly by appointment with the Auctioneers. Tel: 01753 847220.

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s o l u t i o n s

www.bridgingfinance-solutions.co.uk

the association of short term lenders

WOKING

KNAPHILL

21-25 Church St. West

8 Anchor Crescent

Woking

High Street

Surrey

Knaphill, Surrey

GU21 6DJ

GU22 2PD

www.mackrell.com

01483 755609

01483 476022

*** Stop Press – Auction Special Offer ***

Buyers’ legal report on any of the auction properties from just £95 + VAT

contact Derek Austin on 01483 755609 or email derek.austin@mtg.uk.net

LAWYERS FOR YOU AND FOR YOUR BUSINESS

(14)

LOT 10

Residential Investments

GUIDE PRICE

£135,000 - £155,000

Flat 2, Amberley Place,

Windsor, Berkshire SL4 1TE

Tenure: Leasehold

Local Authority: Royal Borough of Windsor and Maidenhead Solicitors: Aston Bond, 135 Hight Street, Slough, Berkshire SL1 1DN. Tel: 01753 486777. Ref: Ms Helen Barnard.

Residential Investment

Description

Located in the Heart of Windsor Town Centre is this one

bedroom apartment conveniently located a short walk from both

mainline railway stations. The property benefits from a spacious

living room, fitted kitchen and bathroom. This property is ideal for

rail commuters or investment landlords.

Situation

Located in the Heart of Windsor Town Centre with its many

shops, bars, restaurants and mainline railway station giving easy

access to both London Paddington and London Waterloo.

Directions

From our offices on Clarence Road head on foot in a westerly

direction towards Windsor Castle travelling up Peascod Street

and passing Oxford Road East on your left hand side. Turn left at

Ryman’s Stationery Shop using the stairway half way up the

pedestrian ramp on the right hand side for access to the

communal entrance gate of Amberley Place.

Viewing Arrangements

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LOT 11

Redevelopment Opportunity

GUIDE PRICE

£350,000 - £400,000

280 Bellingdon Road, Chesham,

Buckinghamshire HP5 2NS

Tenure: Freehold

Local Authority: Chesham Town Council

Solicitors: Iliffes Booth Bennett, The Bury, Church Street, Chesham HP5 1JE. Tel: 01494 724671. Ref: Mr Jeremy Gibbs.

Redevelopment Opportunity

Description

Occupying a corner site in a mixed use residential and light

commercial area is this site of a former factory. The factory which

had been operational for approximately 50 years has been vacant

for over 2. The site which measures approximately 0.6 acres is

made up of numerous permanent buildings including a large office

block, separate factory as well as additional detached buildings.

The factory which has fallen into disrepair is suitable for

redevelopment either for commercial or residential usage; subject

to appropriate planning and building consents.

Situation

The site is located approximately half a mile outside the market

town of Chesham with its twice weekly market. Chesham with its

population of 20,000 is located at the end of the metropolitan

line.

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LOT 12

Plots/Building Land

GUIDE PRICE

£120,000 - £145,000

Land to R/O Albion Cottages,

Hatch Lane, Berkshire

Tenure: Freehold

Local Authority: Royal Borough of Windsor & Maidenhead Solicitors: Charles Coleman Solicitors, 28-30 Beaumont Road, Windsor, Berkshire SL4 1JP. Tel: 01753 861115. Ref: John Humphreys.

Land Investment Opportunity

Description

An investment opportunity to purchase a plot of land within the

local settlement boundary that could offer future development

potential. At present the plot has limited access however

represents 5 plots plots within the map outlined area. Previous

discussions with the two owners of the two remaining plots have

revealed a willingness to sell.

Situation

Located within easy reach of Windsor Town Centre with its

many shops, bars, restaurants and mainline railway station giving

easy access to both London Paddington and London Waterloo.

Directions

From our office head away from the town on Clarence Road

towards the large roundabout. Head over the roundabout onto

the continuation of Clarence Road turning left into Hatch Lane at

the traffic lights.

(17)

LOT 13

Land

GUIDE PRICE

£250,000

Land Adj. to Eton Excelsior

Rowing Club, Windsor, Berks

Tenure: Freehold

Local Authority: Royal Borough of Windsor and Maidenhead

Solicitors: Kidd Rapinet, 33 Queen Street, Maidenhead, Berkshire SL6 1NB. Tel: 01628 621301. Ref: Karl Haycock.

Land Opportunity on the River Thames

Description

A rare opportunity to acquire land on the River Thames between

Windsor and Maidenhead. The site, totalling approximately 1.4

acres is located just off the A308 Windsor Road close to the

Windsor Marina and next to Eton Excelsior Rowing Club.The site

has the benefit of over 120 foot of direct river frontage with

fantastic views of the Thames in this idyllic spot. Directly

Opposite across the Thames and beyond the tow path is Eton

Rowing Lake a chosen venue for the 2012 Olympic Games. The

site offers good potential subject to planning permission and the

necessary consents for a variety of options including perhaps a

small marina, recreational or residential in addition to shorter

term options in respect of the Olympic Games.

Situation

The site has the benefit of over 120 foot of direct river frontage

with fantastic views of the Thames in this idyllic spot. Directly

opposite the Thames and beyond the tow path is Eton Rowing

Lake a chosen venue for the 2012 Olympic Games. The site

offers great potential (S.T.P.P.) and the necessary consents for a

variety of options including perhaps a small marina, recreational or

residential in addition to shorter term options in respect of the

Olympic Games.

Directions

From Windsor take the A308 towards Maidenhead. Proceed

under the dual carriageway bridge and over the next roundabout

passing the racecourse on your right hand side. At the

roundabout at Squires Nursery take the third exit signposted

Windsor Marina. Proceed to the end of this road passing the

Marina where the site will be found on the right hand side

Viewing

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LOT 14

Plots/Building Land

GUIDE PRICE

£150,000 - £200,000

Land Adj Dene Cottage, Tower

Hill, Dorking, Surrey RH4 2AJ

Tenure: Freehold

Local Authority: Mole Valley - 01306 885001 Solicitors: Refer to the Auctioneers. Tel: 0845 5052255

Building Plot with Planning

Description

A building plot with planning granted for the erection of a three

bedroom detached property over 3 floors of approx 186sm.

MO/08/1578.

The property would be of a contemporary design and consist of

an integral garage, bedroom and utility/shower room on the

upper level, open plan living/dining/kitchen area with balcony to

the middle level and two bedrooms, bathroom and en-suite to

the lower level.

Situation

Tower Hill is a popular residential area of South Dorking within a

short drive of the amenities of the town centre.

Viewing

The site can be seen from the road. Access will be at your own

risk. For any other queries please call the auctioneers on 0845

505 2255.

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LOT 15

Commercial/Residential Investment

GUIDE PRICE

£325,000 - £350,000

25 High Street, High Wycombe,

Buckinghamshire HP11 2AG

Tenure: Freehold

Local Authority: Wycombe Borough Council

Solicitors: Charsley Harrison Solicitors, Windsor House, Victoria Street, Windsor, Berkshire SL4 1EN. Tel: 01753 851591. Ref: Mrs Victoria Ives. Plans and Photographs: The plans and photographs are there to aid identification of the property only. The plans are not to scale.

Commervial/Residential Investment

Description

Located in the heart of High Wycombe is this elegant period

town house. property offers a variety of future uses due to both

its accommodation and location (subject to planning permission)

i n c l u d i n g r e s i d e n t i a l , r e t a i l a n d s e r v i c e d o f f i c e s . T h e

accommodation is arranged over 5 floors offering multiple well

appointed rooms including a spacious reception/sales area large

and imposing offices and meeting rooms. The property which has

been most recently used by Solicitors, is sold as seen and includes

many office fixtures and fittings including desks, chairs

photocopiers, phone system etc. The property is ideally located

for High Wycombe town centre and motorway networks

including the M40, M4 and M25.

Situation

From the M40, Junction 4, proceed down the hill passing the

leisure centre on your right towards the town centre. At the

bottom of the hill with the Hospital on your left proceed over the

first roundabout turning right at the second and left at the next

roundabout. Follow the road, passing the police station on your

left. At the next crossroads the High street will be found on your

left with the property almost immediately on your left. Parking

can be found by turning right at the cross roads where the

multi-storey car park can be found on your left.

Viewing Arrangements

Strictly by appointment with the Auctioneer. Tel: 01753 847220.

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LOT 16

Residential

GUIDE PRICE

£200,000 - £250,000

Tenure: Leasehold

Local Authority: Runnymede Borough Council

Solicitors: Kidd Rapinet Solicitors, 33 Queen Street, Maidenhead, Berkshire SL6 1NB. Tel: 01628 621301. Ref: Mr Karl Haycock.

Residential Development Opportunity

Description

The uppers of this Victorian terraced building are currently let as

offices but also benefit from planning permission to convert into

three flats.

Situation

Egham is a bustling market town moments from the M25, with a

fast and frequent train service into Waterloo and with Brunel

University in the town with over 10,000 students makes this an

ideal rental investment once converted.

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Non-Attending Bid or Telephone Bid

Please also sign and return the reverse side of this form.

AUTHORISATION FOR BIDDING BY PROXY OR TELEPHONE

Name ___________________________________________________________________________________________

Name of Company (if applicable) _______________________________________________________________________

Of (address) ______________________________________________________________________________________

________________________________________________________________________ Postcode _______________

Tel: _________________________________________________ Mobile: _____________________________________

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

below.

I confirm that I have read and understood the General Conditions of Sale and signed the Conditions of Bidding by Proxy or

Telephone set out overleaf.

PROPERTY AND BID DETAILS

Lot No. __________ Property Address _____________________________________________________________

________________________________________________________________________________________________

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

(amount in words) _________________________________________________________________________________

DEPOSIT (tick as applicable)

I attach a cheque for 10% of my proxy bid or £3000, whichever is the greater, plus £420.00 (£350.00 + VAT Administration Charge)

OR

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

VAT Administration Charge)

My cheque of £ _______________________ is made payable to ATKINSON & KEENE/H2 INVESTMENTS LTD

(amount if applicable)

SOLICITORS

My solicitors are ___________________________________________________________________________________

Of (address) ______________________________________________________________________________________

__________________________________________________________________________ Postcode ____________

Tel _______________________________________ Person Acting ___________________________________________

If my bid is successful, I authorise the Auctioneer to sign the Memorandum of Sale on my behalf and recognise that I will be the

legally bound purchaser of the property referred to above and must complete the purchase of the property within the time

specified in the General/Special Conditions of Sale.

Signed_______________________________________________________________ Date _______________________

PLEASE MARK THE ENVELOPE EITHER PROXY OR TELEPHONE BID

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TERMS AND CONDITIONS FOR TELEPHONE BIDS AND BIDDING BY LETTER

Anyone not able to attend the auction and wishing to make a bid for any property,

do so on the following terms and conditions:

1.

The bidder must complete a separate authority form for each Lot involved, and provide a bankers draft, solicitor’s client’s account cheque

or personal cheque for 10% of the maximum amount of the bid for each Lot. Please note the minimum deposit for any bid is £3,000

PER LOT. We will require proof of identity in the form of a driving licence or passport and a utility bill.

2.

The form must be sent to, or delivered to: Written & Telephone Bids, Auction House, Regency House, 4 Clarence Road, Windsor,

Berkshire SL4 5AD or 66 High Street, Walton on Thames, Surrey KT12 1BU to arrive before 6pm two working days prior to the start

of the auction. It is the bidders responsibility to check that the form is received by Auction House and this can be done by telephoning

the office.

3.

In the case of a telephone bid the prospective purchaser should provide a blank cheque which the Auctioneer will complete on behalf

of the prospective purchaser if the prospective purchaser is successful in purchasing the relevant property for 10% of the purchase price,

plus the buyers premium or accordance with the General or Special Conditions of Sale relating to the lot.

4.

The bidder shall be deemed to have read the “Important Notice to be read by all bidders”; the particulars of the relevant Lot in the

catalogue’ the general and special conditions of sale. The bidder shall be deemed to have taken all necessary professional and legal advice

and to have made enquiries and have knowledge of any announcements to be made from the rostrum of any amendments relating to

the relevant Lot. Announcements can and should be checked by bidders on the day before the auction. However, the Auctioneers will

advise the bidders of any announcements as soon as possible prior to the Auction.

5.

In the case of written bid, Auction House staff will compete in the bidding up to the maximum of the authorisation. If no maximum is

inserted, Auction House reserve the right not to bid.

6.

Auction House reserve the right not to bid on behalf of written bidders, in the event of any error, doubt, omission, uncertainty as to the

bid, or for any reason whatsoever and give no warranty, or guarantee, that a bid would be made on behalf of the bidder and accept no

liability.

7.

In the event that the written or telephone bid is successful, the Auctioneer will sign the Memorandum of the Contract on behalf of the

bidder (a Contract would have been formed on the fall of the hammer).

8.

In the event of a Contract, the deposit monies will be applied so far as necessary to meet the requirement for a 10% deposit

(minimum £3,000) and the balance of the deposit (if any) will be held by the vendors solicitor pending completion. An Administration

charge of

£420.00 (£350.00 +

VAT) should be added to the deposit cheque or a separate cheque should be made payable to

Atkinson & Keene/H2 Investments Ltd.

9.

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

10. The Auctioneer will make no charge to a prospective purchaser for this service and will accept no liability whatsoever for any bid not

being made on behalf of the prospective purchaser whether through lack of clarity of instructions or for any other reason whatsoever.

Prospective telephone purchasers will not hold Auction House liable for any loss or claims relating to the telephone bidding system.The

prospective purchaser will be advised if the relevant lot has been successfully purchased on his behalf as soon as possible after the

auction. Where the lot has not been purchased the prospective purchaser will be notified by post and the deposit returned as soon as

reasonably possible.

11. Once delivered to the Auctioneers, the authority to bid is binding on the bidder on the day on which the particular Lot is auctioned.

This is to allow for the possibility of a Vendor agreeing to sell post auction where the bidding has not reached the reserve.

12. The authority can only be withdrawn by notification in writing delivered to Auction House at their office two hours before the start of

the auction on the day the relevant Lot is scheduled to be auctioned, or by delivery into the hands of the Auctioneer in the auction

room half-an-hour before the start of that day’s auction. It is the bidders responsibility to obtain a receipt on a copy of the withdrawal

notification signed by one of the Auctioneers and without such a receipt the authority stands, any successful Contract is binding on the

bidder.

13. If the bidder, or an agent, actually bids at the auction without having previously withdrawn the authority, the Auctioneer is at liberty to

accept such bid in addition to any bid from Auction House staff as empowered under the written authority. Auction House will have

no liability whatsoever if the price achieved is the result only of this competition in bidding without intervention from other bidders.

14. Prospective purchasers are advised in respect of telephone bids should they become disconnected during bidding or are unobtainable,

Auction House will not be held responsible or liable for any loss suffered in respect thereof.

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

Signed:...Date:...

Please sign this page and ensure the form overleaf is completed.

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Memorandum Of Sale

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

Auction and the General Conditions.

In addition and at the same time, the purchaser is required to pay by cheque to the Auctioneer an Administration

Charge of £350 +VAT

Lot No: ...

Price: ...

Property Address: ...

...

Name of Vendor:

...

Address of Vendor : ...

...

Postcode: ...

Telephone: ...

It is agreed that the Vendor sells and the Purchaser buys the property described in the accompanying particulars and

*conditions of sale subject to their provisions and the terms and stipulations in them at the price above mentioned.

Name of Purchaser:

...

Address of Purchaser : ...

...

Postcode: ...

Telephone: ...

Vendors Solicitor : ...

Address of Solicitor : ...

...

Postcode: ...

Telephone: ...

Purchasers Solicitor : ...

Address of Solicitor : ...

...

Postcode: ...

Telephone: ...

Purchase Price:

£ ...

Balance:

£ ...

Deposit:

£ ...

Completion Date:

...

Signed:

...

Date:

...

(Authorised Agent for Vendor)

Signed:

...

Date:

...

(The Purchaser)

We acknowledge receipt of the deposit in the form of ...

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INTRODUCTION

The Common Auction Conditions have been produced for real estate auctions in England and Wales to set a common standard across the industry. They are in three sections:

GLOSSARY

The glossary gives special meanings to certain words used in both sets of conditions.. AUCTION CONDUCT CONDITIONS

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

SALE CONDITIONS

The Sale Conditions govern the agreement between each seller and buyer. They include general conditions of sale and template forms of special conditions of sale, tenancy and arrears schedules and a sale memorandum.

IMPORTANT NOTICE

A prudent buyer will, before bidding for a lot at an auction:

• take professional advice from a conveyancer and, in appropriate cases, a chartered surveyor and an accountant;

• read the conditions; • inspect the lot;

• carry out usual searches and make usual enquiries;

• check the content of all available leases and other documents relating to the lot; • check that what is said about the lot in the catalogue is accurate;

• have finance available for the deposit and purchase price; • check whether VAT registration and election is advisable; The conditions assume that the buyer has acted like a prudent buyer.

If you choose to buy a lot without taking these normal precautions you do so at your own risk.

GLOSSARY

This glossary applies to the auction conduct conditionsand the sale conditions.

Wherever it makes sense:

• singular words can be read as plurals, and plurals as singular words; • a “person” includes a corporate body;

• words of one gender include the other genders;

• references to legislation are to that legislation as it may have been modified or re-enacted by the

date of the auctionor the contract date(as applicable); and

• where the following words are printed in bold type they have the specified meanings. Actual completion date

The date when completion takes place or is treated as taking place for the purposes of

apportionment and calculating interest. Addendum

An amendment or addition to the conditionsor to the particularsor to both whether contained

in a supplement to the catalogue, a written notice from the auctioneersor an oral announcement

at the auction. Agreed completion date

Subject to conditionG9.3:

(a) the date specified in the special conditions; or

(b) if no date is specified, 20 business daysafter the contract date;

but if that date is not a business daythe first subsequent business day.

Approved financial institution

Any bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise acceptable to the auctioneers.

Arrears

Arrears of rent and other sums due under the tenanciesand still outstanding on the actual

completion date. Arrears schedule

The arrears schedule (if any) forming part of the special conditions. Auction

The auction advertised in the catalogue. Auction conduct conditions

The conditions so headed, including any extra auction conduct conditions. Auctioneers

The auctioneers at the auction. Business day

Any day except (a) a Saturday or a Sunday; (b) a bank holiday in England and Wales; or (c) Good Friday or Christmas Day.

Buyer

The person who agrees to buy the lotor, if applicable, that person’s personal representatives: if two

or more are jointly the buyertheir obligations can be enforced against them jointly or against each

of them separately. Catalogue

The catalogue to which the conditionsrefer including any supplement to it.

Completion

Unless otherwise agreed between sellerand buyer(or their conveyancers) the occasion when both

sellerand buyerhave complied with their obligations under the contractand the balance of the priceis unconditionally received in the seller’sconveyancer’s client account.

Condition

One of the auction conduct conditionsor sales conditions.

Contract

The contract by which the selleragrees to sell and the buyeragrees to buy the lot.

Contract date

The date of the auctionor, if the lotis not sold at the auction:

(a) the date of the sale memorandumsigned by both the sellerand buyer; or

(b) if contracts are exchanged, the date of exchange. If exchange is not effected in person or by an irrevocable agreement to exchange made by telephone, fax or electronic

mail the date of exchange is the date on which both parts have been signed and posted or otherwise placed beyond normal retrieval.

Documents

Documents of title (including, if title is registered, the entries on the register and the title plan) and

other documents listed or referred to in the special conditionsrelating to the lot.

Financial charge

Common Auction Conditions (Edition 3)

REPRODUCED WITH THE CONSENT OF THE RICS

General conditions

That part of the sale conditionsso headed, including any extra general conditions.

Interest rate

If not specified in the special conditions, 4% above the base rate from time to time of Barclays Bank

plc. (The interest ratewill also apply to judgment debts, if applicable.)

Lot

Each separate property described in the catalogueor (as the case may be) the property that the

sellerhas agreed to sell and the buyerto buy (including chattels, if any). Old arrears

Arrearsdue under any of the tenanciesthat are not “new tenancies” as defined by the Landlord and Tenant (Covenants) Act 1995.

Particulars

The section of the cataloguethat contains descriptions of each lot(as varied by any addendum).

Practitioner

An insolvency practitioner for the purposes of the Insolvency Act 1986 (or, in relation to jurisdictions outside the United Kingdom, any similar official).

Price

The price that the buyeragrees to pay for the lot.

Ready to complete

Ready, willing and able to complete: if completionwould enable the sellerto discharge all financial

chargessecured on the lotthat have to be discharged by completion, then those outstanding

financial charges do not prevent the sellerfrom being ready to complete.

Sale conditions

The general conditionsas varied by any special conditionsor addendum.

Sale memorandum

The form so headed (whether or not set out in the catalogue) in which the terms of the contract

for the sale of the lotare recorded.

Seller

The person selling the lot. If two or more are jointly the sellertheir obligations can be enforced

against them jointly or against each of them separately. Special conditions

Those of the sale conditionsso headed that relate to the lot.

Tenancies

Tenancies, leases, licences to occupy and agreements for lease and any documents varying or supplemental to them.

Tenancy schedule

The tenancy schedule (if any) forming part of the special conditions. Transfer

Transfer includes a conveyance or assignment (and “to transfer” includes “to convey” or “to assign”). TUPE

The Transfer of Undertakings (Protection of Employment) Regulations 2006. VAT

Value Added Tax or other tax of a similar nature. VAT option

An option to tax. We (and us and our) The auctioneers. You (and your)

Someone who has a copy of the catalogueor who attends or bids at the auction, whether or not

a buyer.

AUCTION CONDUCT CONDITIONS

A1 Introduction

A1.1 Words in bold type have special meanings, which are defined in the Glossary.

A1.2 The catalogueis issued only on the basis that youaccept these auction conduct conditions.

They govern ourrelationship with youand cannot be disapplied or varied by the sale

conditions(even by a conditionpurporting to replace the whole of the Common Auction

Conditions). They can be varied only if weagree.

A2 Our role

A2.1 As agents for each sellerwe have authority to:

(a) prepare the cataloguefrom information supplied by or on behalf of each seller;

(b) offer each lotfor sale;

(c) sell each lot; (d) receive and hold deposits; (e) sign each sale memorandum; and

(f) treat a contractas repudiated if the buyerfails to sign a sale memorandumor pay a

deposit as required by these auction conduct conditions.

A2.2 Ourdecision on the conduct of the auctionis final.

A2.3 Wemay cancel the auction, or alter the order in which lotsare offered for sale. Wemay

also combine or divide lots. A lotmay be sold or withdrawn from sale prior to the auction.

A2.4 Youacknowledge that to the extent permitted by law weowe youno duty of care and you

have no claim against usfor any loss.

A3 Bidding and reserve prices

A3.1 All bids are to be made in pounds sterling exclusive of any applicable VAT.

A3.2 Wemay refuse to accept a bid. Wedo not have to explain why.

A3.3 If there is a dispute over bidding weare entitled to resolve it, and ourdecision is final.

A3.4 Unless stated otherwise each lotis subject to a reserve price (which may be fixed just

before the lotis offered for sale). If no bid equals or exceeds that reserve price the lotwill

be withdrawn from the auction.

A3.5 Where there is a reserve price the sellermay bid (or ask usor another agent to bid on

the seller’sbehalf) up to the reserve price but may not make a bid equal to or exceeding

the reserve price. Youaccept that it is possible that all bids up to the reserve price are bids

made by or on behalf of the seller.

A3.6 Where a guide price (or range of prices) is given that guide is the minimum price at which,

or range of prices within which, the sellermight 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 sellermay fix the final reserve price just

before bidding commences A4 The particulars and other information

A4.1 Wehave taken reasonable care to prepare particularsthat correctly describe each lot. The

particularsare based on information supplied by or on behalf of the seller. Youneed to

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A4.2 If the special conditionsdo not contain a description of the lot, or simply refer to the

relevant lotnumber, you take the risk that the description contained in the particularsis

incomplete or inaccurate, as the particularshave not been prepared by a conveyancer and

are not intended to form part of a legal contract.

A4.3 The particularsand the sale conditionsmay change prior to the auctionand it is your

responsibility to check that youhave the correct versions.

A4.4 If weprovide information, or a copy of a document, provided by others wedo so only on

the basis that weare not responsible for the accuracy of that information or document.

A5 The contract

A5.1 A successful bid is one weaccept as such (normally on the fall of the hammer). This

conditionA5 applies to youif youmake the successful bid for a lot.

A5.2 Youare obliged to buy the loton the terms of the sale memorandumat the price youbid

plus VAT(if applicable).

A5.3 Youmust before leaving the auction:

(a) provide all information wereasonably need from youto enable usto complete the sale

memorandum(including proof of your identity if required by us); (b) sign the completed sale memorandum; and

(c) pay the deposit.

A5.4 If youdo not wemay either:

(a) as agent for the sellertreat that failure as yourrepudiation of the contractand offer

the lotfor sale again: the sellermay then have a claim against youfor breach of contract;

or

(b) sign the sale memorandumon yourbehalf.

A5.5 The deposit:

(a) is to be held as stakeholder where VATwould be chargeable on the deposit were it to

be held as agent for the seller, but otherwise is to be held as stated in the sale conditions; and

(b) must be paid in pounds sterling by cheque or by bankers’ draft made payable to uson

an approved financial institution. The extra auction conduct conditions may state if we accept any other form of payment.

A5.6 Wemay retain the sale memorandumsigned by or on behalf of the selleruntil the deposit

has been received in cleared funds.

A5.7 If the buyerdoes not comply with its obligations under the contractthen:

(a) youare personally liable to buy the loteven if youare acting as an agent; and

(b) youmust indemnify the sellerin respect of any loss the sellerincurs as a result of the

buyer’sdefault.

A5.8 Where the buyeris a company youwarrant that the buyeris properly constituted and able

to buy the lot.

A6 Extra Auction Conduct Conditions

A6.1 Despite any special conditionto the contrary the minimum deposit weaccept is £3,000

(or the total price, if less). A special conditionmay, however, require a higher minimum

deposit.

GENERAL CONDITIONS OF SALE

Words inbold type have special meanings, which are defined in the Glossary

G1. THE LOT

G1.1 The lot(including any rights to be granted or reserved, and any exclusions from it) is

described in the special conditions, or if not so described the lotis that referred to in the

sale memorandum.

G1.2 The lotis sold subject to any tenanciesdisclosed by the special conditions, but otherwise

with vacant possession on completion.

G1.3 The lotis sold subject to all matters contained or referred to in the documents, but excluding

any financial charges: these the sellermust discharge on or before completion.

G1.4 The lotis also sold subject to such of the following as may affect it, whether they arise before

or after the contract dateand whether or not they are disclosed by the selleror are

apparent from inspection of the lotor from the documents:

(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 buyerhas made them; and

(i) anything the sellerdoes not and could not reasonably know about.

G1.5 Where anything subject to which the lotis sold would expose the sellerto liability the buyer

is to comply with it and indemnify the selleragainst that liability.

G1.6 The sellermust notify the buyerof any notices, orders, demands, proposals and requirements

of any competent authority of which it learns after the contract datebut the buyermust

comply with them and keep the sellerindemnified.

G1.7 The lotdoes not include any tenant’s or trade fixtures or fittings.

G1.8 Where chattels are included in the lotthe buyertakes them as they are at completionand

the selleris not liable if they are not fit for use.

G1.9 The buyerbuys with full knowledge of:

(a) the documents, whether or not the buyerhas read them; and

(b) the physical condition of the lotand what could reasonably be discovered on inspection

of it, whether or not the buyerhas inspected it.

G1.10 The buyeris not to rely on the information contained in the particularsbut may rely on the

seller’sconveyancer’s written replies to preliminary enquiries to the extent stated in those replies.

G2. DEPOSIT

G2.1 The amount of the deposit is the greater of:

(a) any minimum deposit stated in the auction conduct conditions(or the total price, if this

is less than that minimum); and

(b) 10% of the price(exclusive of any VATon the price).

G2.2 The deposit

(a) must be paid in pounds sterling by cheque or banker’s draft drawn on an approved financial institution(or by any other means of payment that the auctioneersmay accept); and

(b) is to be held as stakeholder unless the auction conduct conditionsprovide that it is to

G2.3 Where the auctioneershold the deposit as stakeholder they are authorised to release it (and

interest on it if applicable) to the selleron completionor, if completiondoes not take place,

to the person entitled to it under the sale conditions.

G2.4 If a cheque for all or part of the deposit is not cleared on first presentation the sellermay

treat the contractas at an end and bring a claim against the buyerfor breach of contract.

G2.5 Interest earned on the deposit belongs to the sellerunless the sale conditionsprovide

otherwise.

G3. BETWEEN CONTRACT AND COMPLETION

G3.1 Unless the special conditionsstate otherwise, the selleris to insure the lotfrom and including

the contract dateto completionand:

(a) produce to the buyeron request all relevant insurance details;

(b) pay the premiums when due;

(c) if the buyerso 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 buyeruse reasonable endeavours to have the buyer’sinterest noted

on the policy if it does not cover a contracting purchaser;

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

(f) (subject to the rights of any tenant or other third party) hold on trust for the buyerany

insurance payments that the sellerreceives in respect of loss or damage arising after the

contract dateor assign to the buyerthe benefit of any claim;

and the buyermust on completionreimburse to the sellerthe cost of that insurance (to the

extent not already paid by the buyeror a tenant or other third party) for the period from

and including the contract dateto completion.

G3.2 No damage to or destruction of the lotnor any deterioration in its condition, however

caused, entitles the buyerto any reduction in price, or to delay completion, or to refuse to

complete.

G3.3 Section 47 of the Law of Property Act 1925 does not apply.

G3.4 Unless the buyeris already lawfully in occupation of the lotthe buyerhas no right to enter

into occupation prior to completion. G4. TITLE AND IDENTITY

G4.1 Unless conditionG4.2 applies, the buyeraccepts the title of the sellerto the lotas at the

contract dateand may raise no requisition or objection except in relation to any matter that occurs after the contract date.

G4.2 If any of the documentsis not made available before the auctionthe following provisions

apply:

(a) The buyermay raise no requisition on or objection to any of the documentsthat is made

available before the auction.

(b) If the lotis registered land the selleris to give to the buyerwithin five business daysof

the contract datean official copy of the entries on the register and title plan and, where

noted on the register, of all documents subject to which the lotis being sold.

(c) If the lotis not registered land the selleris to give to the buyerwithin five business days

an abstract or epitome of title starting from the root of title mentioned in the special conditions(or, if none is mentioned, a good root of title more than fifteen years old) and

must produce to the buyerthe original or an examined copy of every relevant document.

(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 documentsaccompanying 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 selleror 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 buyer.

(e) The buyerhas no right to object to or make requisitions on any title information more

than seven business daysafter that information has been given to the buyer.

G4.3 Unless otherwise stated in the special conditionsthe sellersells with full title guarantee

except that (and the transfershall 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 bu