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Collective Auction May 2018 Thursday 17th May 2018 at 6:30 pm The Coppice Suite, The Sketchley Grange Hotel, Burbage, Hinckley LE10 3HU howkinsandharrison.co.uk SALES / LETTINGS / COMMERCIAL / FARM & RURAL / PLANNING & DEVELOPMENT / AUCTIONS

Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

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Page 1: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

Collective AuctionMay 2018

Thursday 17th May 2018 at 6:30 pmThe Coppice Suite, The Sketchley Grange Hotel, Burbage, Hinckley LE10 3HU

howkinsandharrison.co.ukSALES / LETTINGS / COMMERCIAL / FARM & RURAL / PLANNING & DEVELOPMENT / AUCTIONS

Page 2: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

Collective Auction May 2018 1

WelcomeWelcome to our first collective property auction catalogue of 2018, which has something in for everyone both property-wise and also geographically. We regularly sell property in Northamptonshire, Warwickshire, Leicestershire, Staffordshire and Derbyshire and this catalogue goes to show the strength of our office coverage across the Midlands.

The catalogue contains a barn for conversion in Scaldwell, Northant, a property for renovation in Tamworth, together with pasture land in Nether Whitacre, Warwickshire and woodland in Coleorton, Leicestershire.

Within the catalogue are full details of the lots on offer. We will make any necessary announcements before the sale of any changes that are not described within the brochure.

The legal packs will be available electronically a couple of weeks before the sale so please get in touch if you would like one to be sent to you.

If you have any questions then please let us know, we will be happy to help and if you are intending to bid, good luck!

Tim Howard

Lots available Welcome 1

[1] Barn at Oakfields, Old Road, Scaldwell, Northampton NN6 9LZ 2

[2] Land to the South of Hoggrills End Lane, Nether Whitacre B46 2DB 4

[3] 100 Sharpe Street, Tamworth B77 3HZ 6

[4] Land at Ridley Lane Nether Whitacre, Warwickshire B46 2DH 10

[5] Woodland at Coleorton Hall, Coleorton, Leicestershire LE67 8FZ 12

General Property Information For Each Lot Offered 14

Auction Buyers’ Guide 15

Investment Residential Agricultural Development

Jeremy Watson BSc FRICS FAAV

01788 [email protected]

Charles Crawford BSc (Hons)

01827 [email protected]

Anna MeynellBSc (Hons) FAAV

01530 [email protected]

Jeff Paybody BSc (Hons) MRICS FAAV

01788 [email protected]

Tim Howard BSc (Hons) MRICS

01788 [email protected]

Jennifer WhittonBSc (Hons) MRICS FAAV

01788 [email protected]

Rugby

Joshua Peat BSc (Hons)

01788 [email protected]

Emily PowellBSc (Hons)

01788 [email protected]

Peter Bennett BSc (Hons) FRICS FAAV

01827 [email protected]

James CollierBSc (Hons) MRICS FAAV

01827 [email protected]

Atherstone

Tori WhinderBSc (Hons) PgD MRICS

01827 [email protected]

Simon HarrisMRICS FAAV

01327 [email protected]

Andrew Pinny MRICS

01327 [email protected]

Towcester

Ian Large BA (Hons) MSc MRICS FAAV

01530 [email protected]

Michael Fallowell FRICS FAAV

01530 [email protected]

Paul LeesBSc (Hons) FAAV

01530 [email protected]

Ashby de la Zouch

Our Farm & Rural Team

Jenny Hannah

01788 [email protected]

Charles Morton

01788 [email protected]

Page 3: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

Collective Auction May 2018 3

SOUTH-EAST ELEVATIONSOUTH-WEST ELEVATION NORTH-EAST ELEVATION

MATERIALS:

1 WANEY EDGE TIIMBER CLADDING2 WINDOWS/DOORS TO BE DOUBLE GLAZED POWDER COATED

ALUMINIUM3 KINGSPAN KW1000 INSULATED PANELS OR SIMILAR4 ROOFLIGHTS VELUX REF. MK10 GGL CENTRE-PIVOT WINDOWS

21

43

1

1

NORTH-WEST ELEVATION

1

3

2

PROPOSED FLOOR PLAN

1 ENTRANCE HALL2 COATS3 KITCHEN/DINING/LIVING4 BATHROOM5 A/C6 BEDROOM 17 BEDROOM 2

GROSS EXTERNAL FLOOR AREA 71.5SQM/769.6SQFTGROSS INTERNAL FLOOR AREA 61.6SQM/663SQFT

1

2

3

4

5

6

7

2NO. CARPARKING SPACES

GARDEN RFLGTS

RFLGT

RFLGTS

N

SOUTH-EAST ELEVATIONSOUTH-WEST ELEVATION NORTH-EAST ELEVATION

NORTH-WEST ELEVATION

EXISTING FLOOR PLAN

Collective Auction May 20182

Barn at Oakfields, Old Road, Scaldwell, Northampton NN6 9LZ

An opportunity to acquire a barn with permission for conversion to a 2 bedroom residential property complete with stables within half an acreExtending to 0.57 acres or thereabouts

Guide price £225,000 - £250,000

Sketchley Grange HotelThursday 17th May 2018

Contact our Towcester office 01327 397979

SituationThe property, situated on the edge of Scaldwell and accessed off a private drive from Old Road, is within close proximity to the popular villages of Scaldwell, Walgrave and Brixworth as well as the towns of Northampton and Market Harborough.

Everyday services and facilities are available at Brixworth and Northampton which are approximately 2 miles and 8 miles respectively to the south of Scaldwell. Further facilities are available at Market Harborough approximately 10 miles north.

The situation of the property is shown on the location plan.

DescriptionThe barn is an existing concrete block and timber clad structure on a concrete floor with a timber framed metal sheet roof, extending to approximately 61.6 sq m (gross internal) with consent under Class Q of the the GPDR for conversion into a residential property. The consent provides accommodation comprising entrance hall, kitchen/dining/living, bathroom, bedroom 1 and bedroom 2, complete with two car parking spaces and associated garden.

The property is in an elevated position with panoramic views over the surrounding countryside set in approximately 0.57 acres (0.23 hectares) including a small paddock and a wooden stable block comprising two 12ft x 12ft stables. The property is well maintained and in good condition.

Approved plans are shown opposite.

PlanningAn application for prior approval was made and approved under application number PD/2017/0029 for change of use of the building to a dwelling (Part Q(a) only) and subsequently under application reference PD/2017/0062 prior approval for the change us use of the barn to a dwelling under Class Q(b) was approved based on the drawings shown.

There are various conditions attached to the permission and prospective purchasers should make themselves aware of these conditions prior to submitting an offer. A copy of the conditions can be viewed on Daventry District Council’s website or by email from the agent.

Services The property does not benefit from mains water or mains electricity although electricity has been utilised on the site via a generator. Water is available in the access track with electricity also close by. It would be the responsibility of the purchaser to connect into and install new electricity, water and telephone supplies. It is assumed drainage will be to a private system.

Viewing Viewing by appointment on 01327 397979.

Local Authority Daventry District Council Tel. 01327 871100

Vendor Solicitor Mann & Co, 17 Station Road, Kettering, Northamptonshire NN15 7HH, telephone 01536 520025.

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Collective Auction May 2018 5

SituationThe land is situated along a shared track directly off Hoggrills End Lane, Nether Whitacre.

From Fillongley, head north on the B4098 (Tamworth Road) through Furnace End towards Nether Whitacre. Before entering the village turn left onto Hoggrills End Lane and continue until you reach the settlement of Hoggrills End. The subject property is located along a track on the left hand side identifiable by a Howkins & Harrison for sale board.

The towns of Coleshill and Kingsbury are nearby and the land is located within easy reach of motorway and major road networks.

DescriptionA level parcel of grassland extending to approximately 18.73 acres in total. The land comprises a single enclosure suited to both pasture and arable production. The external boundaries are a mixture of post and rail fencing and mature hedgerows with a number of mature trees on the boundary.

The land is currently laid to pasture and is suitable for a number of uses including equestrian and the grazing of livestock.

Services It is understood that there are no mains services connected to the land.

Overage The overage reserves 25% of any uplift in value over and above the base value of the land for a period of 21 years attributed to a residential or commercial planning permission. The overage clause specifically excludes any agricultural storage buildings and stables which are not for commercial use.

Basic Payment SchemeIt is understood that the land has previously been registered for the Basic Payment Scheme. The land will be sold without entitlements.

Rights of WayThe land benefits from a right of way allowing access along the track from Hoggrills End Lane.

We understand that the land is crossed by three public footpaths.

Services It is understood that there are no mains services connected to the land.

Viewing During daylight hours with a copy of these particulars to hand.

Local Authorities North Warwickshire Borough Council Tel. 01827 715314 Severn Trent Water Tel. 0800 707 6600 www.stwater.co.uk Western Power Distribution Tel. 0800 0963080 www.westernpower.co.uk

Vendor Solicitor Rachel Taylor, Garner Canning and Co., 133 Long Street, Atherstone, Warwickshire CV9 1AD.

Collective Auction May 20184

Land to the South of Hoggrills End Lane, Nether Whitacre B46 2DB

Approximately 18.73 acres of land suited to a variety of uses

Guide price £130,000 to £150,000

Sketchley Grange HotelThursday 17th May 2018

Contact our Atherstone office 01827 721380

Page 5: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

Collective Auction May 2018 7

SituationThe property is located on Sharpe Street, a quiet residential street in the popular suburb of Amington, close to the town centre of Tamworth. All amenities, shops, schools and transport links are within close proximity.

Travel Distances- A5 1.3 miles - M42 2.9 miles - Tamworth railway station 2.0 miles - Wilnecote railway station 2.6 miles - Birmingham 16.9 miles - Leicester 29 miles - Derby 33.9 miles

DescriptionBedroom 1 A good sized double bedroom with bay window to the front.

Bedroom 2 A good sized double bedroom to the side of the property.

Shower Room Double sized shower unit with electric shower, basin, WC and airing cupboard.

Open Plan Living Space With low and high level kitchen units, space for a cooker and fridge, corner sink, door to the garden as well as double patio doors, gas fireplace and spacious open plan living area.

Loft The loft is currently accessed from the garage and this is a large open space (approximately 7.9m x 9.8m) with good head height. Other properties on this road have used the loft space to convert the property into a dormer bungalow. The hallway internally is wide, which may allow room for a staircase to the first floor.

External To the front there is a large driveway with ample parking as well as a garage with double doors. To the rear there is a large garden which is approximately 9.6m wide and 37m long. The garden backs onto Woodland Road.

ServicesThe property benefits from mains water, electricity, gas and sewerage connections.

Viewing Strictly by appointment with Howkins & Harrison. Please contact the Atherstone office on 01827 721380.

Local Authority Tamworth Borough Council Tel. 01827 709709

Vendor Solicitor Glover Priest Solicitors, 43 Albert Road, Tamworth B79 7JS, telephone 01827 338220.

Collective Auction May 20186

100 Sharpe Street, Tamworth B77 3HZ

A fantastic opportunity to purchase a two bedroom bungalow set in a large plot with scope to extend

Guide price £110,000 to £130,000

Sketchley Grange HotelThursday 17th May 2018

Contact our Atherstone office 01827 721380

Page 6: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

1 2 3

4 5

7 8 9

6

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0

Easy accounting for residential Landlords

Start the new tax year as you mean to go on with our accountancy reports and support team - contact us now to find out how we can help you.

Atherstone 01827 718021Daventry 01327 316889Lutterworth 01455 559203

Northampton 01604 823445Rugby 01788 564665Towcester 01327 353575

What’s on your 2018 property wish list?

SALES / LETTINGS / COMMERCIAL / FARM & RURAL / PLANNING & DEVELOPMENT / AUCTIONS

• Is it more space? Less space?• An open plan kitchen/diner for family living?• Bi-folding doors on to the garden?

• An annexe for family members young or old?• Or you just want a different view?

Whatever your property ambitions, we’re here to help you realise your dreams

Get in touch and together let’s start ticking those boxes on your property wish list.

#propertyambitions

Page 7: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

Collective Auction May 2018 11

SituationThe land is situated directly off Ridley Lane, Nether Whitacre.

From Furnace End head north towards Nether Whitacre, before entering the village turn left onto Ridley Lane and the subject property is on the right hand side identifiable by a Howkins & Harrison for sale board.

The towns of Atherstone (7 miles), Coleshill (3 miles) and Kingsbury (3 miles) are nearby and the land is located within easy reach of a number of motorway and other major road networks.

DescriptionA flat and level parcel of permanent pasture is in a single enclosure and extending to approximately 2.65 acres. The boundaries are formed by mature hedges which are understood to be stock proof.

The land is classified as Grade 3 on the Agricultural Land Classification (England and Wales) maps, indicating that it is of good agricultural quality. The soil is a loamy clay.

The land is currently laid to pasture and is suitable for a number of uses including equestrian use and grazing of livestock.

The land benefits from road frontage and direct access to Ridley Lane via a gateway.

ServicesIt is understood mains water is connected to the land.

Viewing During daylight hours with a copy of these particulars to hand.

Local Authorities North Warwickshire Borough Council Tel. 01827 715341 www.northwarks.gov.uk Severn Trent Water Tel. 0800 707 6600 www.stwater.co.uk Western Power Distribution Tel. 0800 0963080 www.westernpower.co.uk

Vendor Solicitor Elaine Tulley, Ashley James Solicitors, Centre Court, 1301 Stratford Road, Hall Green, Birmingham B28 9HH.

Collective Auction May 201810

Land at Ridley Lane Nether Whitacre, Warwickshire B46 2DH

2.65 acres of useful flat and level pasture land in a popular location and suited to equestrian use

Guide price £50,000 to £60,000

Sketchley Grange HotelThursday 17th May 2018

Contact our Atherstone office 01827 721380

Page 8: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

Collective Auction May 2018 13

SituationThe subject property is located just outside Ashby de la Zouch within the grounds of historic Coleorton Hall.

From the A42 junction 13 (at Ashby de la Zouch) take the A512 (Ashby Road) towards Loughborough. Follow the road for 1 mile, Coleorton Hall is on the left.

DescriptionA parcel of woodland extending to 2.52 acres edged red on the site plan. The land sits adjacent to St Mary’s Church within the grounds of Coleorton Hall. The woodland is accessed through the internal roads of Coleorton Hall (as per the brown line on the site plan – utilising the most direct route from the highway).

The woodland is mainly a mix of mature deciduous trees.

ServicesThere are no services connected to the property.

AccessThe woodland is accessed via a right of way through the grounds of Coleorton Hall.

ServicesThere are no services connected to the property.

Viewing By appointment only, please contact Anna Meynell on 01530 877977.

Local Authorities North West Leicestershire District Council Tel. 01530 454665

Vendor Solicitor Richard Wyville, Spearing Waite, 34 Pocklingtons Walk, Leicester LE1 6BU, telephone 0116 242 1231, email [email protected]

Collective Auction May 201812

Woodland at Coleorton Hall, Coleorton, Leicestershire LE67 8FZ

2.52 acres of woodland within the grounds of Coleorton Hall

Guide price £20,000- £30,000

Sketchley Grange HotelThursday 17th May 2018

Contact our Ashby office 01530 877977

Page 9: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

TenureAll the properties are offered freehold unless stated otherwise.

PossessionVacant possession will be given upon completion which will be set for 28 days from the date of the auction unless specified otherwise at the sale.

ServicesPlease note that none of the services listed as being connected have been tested and the purchaser should note that it is their responsibility to make their own enquiries with the appropriate authorities as to the location, adequacy and availability of mains water, gas, electricity and drainage services.

Rights of Way Etc.All the properties are sold subject to and with the benefit of all rights of way, easements and wayleaves that may exist whether or not they are disclosed in the particulars.

Boundaries and FencingBoundary ownership where known is indicated on the plans by an inward marked ‘T’.

Plans, Areas and DescriptionsThe plans, areas and descriptions are believed to be correct in every way, but no claim will be entertained by the vendor or the agents in respect of any error, omissions or misdescriptions. The plans are for identification purposes only.

Crown CopyrightThe plans under Crown Copyright are published for the convenience of identification only and although believed to be correct, their accuracy is not guaranteed and they do not form part of the sale contract. The plans are based upon the Ordnance Survey Maps with the sanction of the Controller of HM Stationery Office, Crown Copyright Reserved.

Method of SaleAlthough it is intended that the properties should proceed to auction, the vendor reserves the right to either sell the property prior to the auction or to withdraw the property from the auction.

The properties will be offered subject to an undisclosed reserve price and the vendor reserves the right for the auctioneers to bid on their behalf up to the reserve price.

The properties are offered for sale by public auction, (unless sold previously) on 17th May 2018 at The Sketchley Grange Hotel, Burbage, Hinckley LE10 3HU. Purchasers should be aware of the following information with regard to the purchase of property at public auction:-

1 The purchaser will be bidding on the basis that they have read and understood the Conditions of Sale and have seen a copy of the contract whether or not they have done so.

2 At the fall of the hammer the purchaser will be expected to sign a contract and pay a 10% deposit (not in cash).

3 Completion of the purchase will take place 28 days after the auction unless specified otherwise.

4 The purchaser will be responsible for reimbursement of the cost of the local

searches carried out prior to auction, this cost will be outlined in the sale contract and will be payable to the vendor’s solicitor.

Conditions of SaleThe property is sold subject to the General and Special Conditions of Sale prepared by the vendor’s solicitor which may be inspected during usual office hours at the solicitor’s or the agent’s offices 14 days prior to the date of sale. The Conditions of Sale may be inspected in the sales room before the auction but they will not be read out at the sale. The purchaser will be deemed to have bought the property on these conditions whether or not he has inspected them. The property is sold subject to a reserve price. (See 2.3 of the Standard Conditions of Sale (Fourth Edition)).

LottingThe vendor reserves the right to offer the property for sale in any order other than that described in these particulars, to sub-divide, amalgamate or withdraw the property from sale without prior notice.

Important Notice1 These particulars have been prepared in all good faith to give a fair overall view of

the property. If any points are particularly relevant to your interest in the property please ask for further information.

2 Nothing in these particulars shall be deemed to be a statement that the property is in a good structural condition or otherwise, nor that any services, appliances, equipment or facilities are in good working order. Purchasers should satisfy themselves on such matters prior to purchase.

3 The photograph/s depict only certain parts of the property. It should not be assumed that any contents, furnishings / furniture etc. photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph/s. No assumptions should be made with regard to parts of the property that have not been photographed. Please ask for further information if required.

4 Any areas, measurements or distances referred to are given as a GUIDE ONLY and are not precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries or those which can be performed by their appointed advisers.

Money Laundering RegulationsUnder the new money laundering directive (SI 2017/692) we, as auctioneers and estate agents, are required by the HMRC to obtain proof of identity of all potential and prospective purchasers, therefore, if you are intending to bid you will need to bring the appropriate identification – in the form of photographic driving licence or passport together with a current utility bill showing the same name as the photographic id. Please be aware of this and have the information available and prior to the auction at registration.

Please note that we are unable to accept cash or debit or credit cards. The deposit should be paid by cheque, banker’s draft or by prior arrangement using a telegraphic or electronic transfer.

To further comply with the regulations, buyers will be required to also provide their proof of identity, in the form of a photographic driving licence or passport together with a current utility bill to the solicitor who is collecting the deposit monies.

Collective Auction May 201814 Collective Auction May 2018 15

Check guide pricesGuide prices are shown in the auction catalogue but are sometimes subject to change. Please note: Guide prices are not necessarily figures at which a property will sell, nor are they the reserve prices. They are only intended to be an indication of the seller’s expectation.

Reserve PricesAll lots offered for sale are subject to a reserve price (this is the sum below which we are not authorised to sell the property). Unless otherwise stated, the level of the reserve is confidential between the vendor and auctioneer.

The auctioneer has the authority to bid on behalf of the vendor up to the reserve price to ensure the property is not sold lower than the price at which the vendor has stated.

Sales ParticularsInformation on all properties for sale, along with dates of future auctions, can be obtained by going to www.howkinsandharrison.co.uk/auctions

You will have access to the current catalogue about four to five weeks prior to an auction sale.

Registering with us to receive catalogues by email ensures you receive the catalogue first.

Identify lotsLook through the catalogue and identify the lot or lots which may be of interest to you. A list of properties can be found at the front of the catalogue.

Inform the auctioneers which property you are interested in, so you can be informed of any changes or additions to the property details as soon as possible.

Changes to informationOccasionally changes need to be made to the lot information or the special conditions of sale. Where possible you will be informed of these changes if you have registered your interest, however, they will be read out on the night of the auction but you will not have an opportunity to discuss these changes once the auction has commenced, therefore, before you get ready to bid, it is essential that you check for any changes that may have occurred, even up to the night of the auction.

View the propertyPlease call or email us to arrange a convenient time for viewing. If a property is particularly popular there may be group viewings, you will be advised if this is the case.

Obtain legal advice It is important that you obtain independent legal advice before bidding.

The vendor’s solicitors prepare legal packs containing (where applicable) home information packs, energy performance certificates, special conditions of sale, title deeds, leases, office copy Land Registry entries, searches and replies to pre-contract enquiries. These may be available by email from us.

Alternatively, they will be available from the vendor’s solicitors. These documents should be passed to your legal adviser to help you make an informed decision about the lot. If you need further legal information please contact the vendor’s solicitor whose details will be in the catalogue. Legal packs will usually be available for inspection in the auction room.

It is important to note that you buy subject to all documentation and terms of contract whether or not you have read them.

Arrange financeTo buy at auction, you must have ready funds available for the deposit amount, 10% of the purchase price. The balance of the funds will be payable upon completion which is usually 28 days after the sale.

If you do need to arrange a mortgage it is important that you obtain an offer in principle from your lender before the auction day.

Most building societies and banks will wish to instruct a surveyor to prepare a

valuation report before making a mortgage offer so you will need to make your mortgage application as early as possible.

You will usually need to complete your purchase up to 28 days after the day of the auction. You should discuss this with your lenders to make sure that this will not be a problem.

Make sure you do not forget stamp duty, legal and surveyor’s fees and mortgage fees.

Obtain a survey or seek further adviceIf you wish to obtain a survey or let an architect or builder inspect, please ask your surveyor to call us directly to make arrangements for access tothe property.

Making an offer prior to the auctionYou can make an offer (which should be in writing, by fax or by email) for a property at any time up to the date of the auction. If your offer is accepted you will have to be in a position to exchange contracts and pay your deposit immediately.

Some vendors may not be willing or able to accept offers prior to auction.

What if I cannot attend the auction?We recommend you attend the auction. If you cannot you should make arrangements for an agent or another party to act on your behalf and bid for the property. Please note that if you bid on a property you are personally liable for an accepted bid even if you act as an agent for another party.

We do not accept telephone or proxy bids.

BiddingThe onus is on you to ensure that the auctioneer is aware of your bid. Please do not leave your bid until the last moment. The auctioneer is under no obligation to accept a bid and the auctioneer need not explain why. If there is a dispute over the bidding the auctioneer is entitled to resolve it at his discretion. The vendor may bid or ask the auctioneer to bid on his behalf up to the reserve price but may not take a bid equal to or exceeding the reserve price.

Auction ProcedureProperties will be offered for sale in lot order unless otherwise stated. Bids will be invited and normally the highest bidder over the reserve will be the purchaser. The auctioneer reserves the right to regulate the bidding and to refuse any bid at his sole discretion. He also reserves the right to re-offer the property at his discretion.

Exchange of ContractIf your bid was the highest bid at the fall of the hammer you will be deemed to have exchanged contracts to purchase the property at that point. You will then be required to sign a contract and pay a deposit, normally amounting to 10% of the purchase price.

Property InsurancePlease note that you as the purchaser are immediately responsible for insuring the property from the moment you exchange contracts.

CompletionIf you are successful in buying one of the lots at auction, completion will take place 28 days after the auction date unless otherwise stated.

Understand all Terms and ConditionsBuying property at auction is different from buying property privately and we strongly advise potential purchasers to check that they have read and understood all the various legal documents and terms & conditions.

Please read the common auction conditions which have been prepared by the RICS, so that you are familiar with the legal requirements for when you buy at auction.

http://www.rics.org/site/scripts/download_info.aspx?downloadID=3314%26fileID=3786

General Property Information For Each Lot Offered Auction Buyers’ GuideThis guide is designed to help buyers who are new to buying property at auction – in particular a Howkins & Harrison auction, and how the process works.

Page 10: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

SALES / LETTINGS / COMMERCIAL / FARM & RURAL / PLANNING & DEVELOPMENT / AUCTIONS

Save the dateCollective Machinery Sale at Edgehill Quarry, Near Banbury Saturday 5th MayWarwickshire Point to Point Monday 7th MayFarm Dispersal Sale in Warwickshire Thursday 24th MayKenilworth Show Saturday 9th JuneCollective Auction at The Midsummer Vintage Rally, Leicestershire Saturday 16th JuneFarm Dispersal Sale of Livestock and Dead Stock in Warwickshire Friday 22nd June Ashby Show Sunday 15th JulyBlakesley Show Saturday 4th AugustAshbourne Show Saturday 18th August

howkinsandharrison.co.uk

Finance for the life of your farmAMC has been providing specialist finance for farmers for over 85 years, delivering funding built around your individual needs. As an AMC Agent, we can help you arrange flexible short and long-term loans with no annual reviews*, so you’re free to get on with the business of farming.

*Subject to AMC credit criteria and your obligations to AMC continuing to be met. The Agricultural Mortgage Corporation plc. AMC loans available for business purposes only, provided on a secured loan basis. Minimum AMC Standard Loan £25,001, minimum Flexible Facility £30,000. To meet customer requirements, lending criteria will vary. Lending is subject to status.

James Collier BSc MRICS FAAV – Atherstone01827 721385 or 07747 [email protected]

Jeremy Watson FRICS FAAV - Rugby01788 564740 or 07808 [email protected]

Page 11: Collective Auction May 2018 · 2018. 4. 24. · Collective Auction May 2018 7 Situation The property is located on Sharpe Street, a quiet residential street in the popular suburb

Rugby7-11 Albert Street, Rugby, Warwickshire CV21 2RXTelephone 01788 564680 Email [email protected]

Atherstone15 Market Street, Atherstone, Warwickshire CV9 1ETTelephone 01827 721380 Email [email protected]

Ashby de la Zouch40a Market Street, Ashby de la Zouch, Leicestershire LE65 1ANTelephone 01530 877977 Email [email protected]

Towcester98A Watling Street, Towcester NN12 6BTTelephone 01327 353575 Email [email protected]

Our regional branchesAshby de la Zouch 01530 877977Atherstone 01827 718021Daventry 01327 316880Northampton 01604 823456Henley-in-Arden 01564 793137The London Office 0207 839 0888Lutterworth 01455 559203Rugby 01788 564666Towcester 01327 353575

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