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Property Auction Catalogue

Tel: (029) 2037 0117 Fax: (029) 2023 7544 The Crown House | Wyndham Crescent | Canton | Cardiff | CF11 9UH

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IMPORTANT NOTICE TO BE READ BY ALL BIDDERS

1. Attention is drawn to the General Conditions of sale printed in this catalogue relating to all properties. All prospective purchasers are invited to obtain copies of any Special Conditions specified in the catalogue in relation to each lot.

2. All prospective purchasers shall be deemed to have inspected the property and made usual pre contract enquiries and searches. Prospective bidders should check the addendum sheet available in the Auction room for alterations or amendments.

3. The successful bidder is under a binding contract as soon as the Auctioneers gavel falls on his or her bid.

4. On a property being knocked down, the successful bidder must immediately provide to the Auctioneers clerk his/her full name and address together with name and address of Solicitor acting on his/her behalf to enable the Memorandum of Contract to be completed in the form as printed in this catalogue. This must be signed by the successful bidder and exchanged with the Auctioneers staff/ Vendors Solicitor, prior to leaving the room, accompanied by a deposit of 10% of  purchase price or £1,000 (£2,000 if applicable)  whichever is the greater, plus Buyer Premium of £250 plus VAT.

5. The details relating to each Lot are set out as a general guideline only for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract. All descriptions are given in good faith and believed correct, but any intending purchaser or tenant must satisfy themselves by inspection or otherwise as to the correctness of each item.

6. The Auctioneers have not tested any apparatus, equipment fittings or services and so cannot verify that they are in working order. The buyer is advised to obtain his own verification.

7. Photographs and any plans published are for convenience of prospective purchasers only and do not form part of any contract. Any sizes quoted are all approximate and for guidance only and do not form part of any contract. All properties are offered with vacant possession unless otherwise stated.

8. No person in the employment of the Auctioneers has any authority to make or give any representation or warranty whatever in relation to any property listed in this catalogue.

9. In the event of there being any addendum to the particulars of sale or the General and Special Conditions of sale, a copy of the addendum will be attached to the Memorandum of Contract and shall be signed by the purchaser and such addendum shall be deemed to form part of the sales particulars and conditions of sale and if in conflict, shall prevail.

10. Inspection of investment properties is by courtesy of the tenants. Inspection of properties with vacant possession is by arrangement with the Auctioneers or Joint Auctioneers as indicated in the Catalogue.

11. Prospective purchasers intending to bid at the Auction for a specific lot are advised to consult with the Auctioneers before the sale to enquire whether the particular lot will be offered at the Auction. The Vendor has the right to sell prior to Auction or withdraw the Lot and neither the Auctioneer nor Vendor is responsible for any abortive costs, losses or damages of a prospective Purchaser.

­

Guide prices are for information only and should not be relied upon as an indication of Reserve price, or representing professional valuations for any purpose. Purchasers are deemed to have relied upon their own knowledge or the advice of their own professional or others.

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


LOT NUMBERS AND ORDER OF SALE

GUIDES

1. 2. 3. 4. 5.

116 Tallis Street, Cwmparc, Treorchy, Rhondda, Mid Glamorgan 27 Bay Street, Port Tennant, Swansea, West Glamorgan 15 Morlais Street, Pentrebach, Merthyr Tydfil, Mid Glamorgan 28 Pleasant View, Pentre, Rhondda, Mid Glamorgan 142 Ynyscynon Road, Trealaw, Tonypandy, Rhondda, Mid Glamorgan

£35,000 + £59,000 £39,000 + £40,000 £36,000 +

6. 7. 8. 9. 10.

70 Neath Road, Swansea, West Glamorgan Grouse Street Warehouse, 36 Elm Street Lane, Roath, Cardiff 2 Muriel Terrace, Bedlinog, Treharris, Mid Glamorgan 74 Lower Thomas Street, Merthyr Tydfil, Mid Glamorgan Lyndhurst, Eureka Place, Ebbw Vale, Gwent

£59,000 £49,000 + £59,000 + £44,000 + £155,000 +

11. 12. 13. 14. 15.

1A St Brides Crescent, Newport, Gwent 45 Rowan Place, Rhymney, Gwent 44 Heol Caradoc, Penywaun, Aberdare, Mid Glamorgan 9 Oxford Street, Mountain Ash, Mid Glamorgan Land Adjacent To 110 Victoria Road, Fleur De Lys, Blackwood, Gwent

£78,000 + £15,000 + £35,000 + £48,000 + £36,000 +

16. 17. 18. 19. 20.

798 Llangyfelach Road, Treboeth, Swansea, West Glamorgan 70 Bryncelyn, Nelson, Treharris, Mid Glamorgan Former Croeserw Clinic, South Avenue, Cymmer, Port Talbot, West Glamorgan 48 James Street, Maerdy, Rhondda, Mid Glamorgan 36 Victoria Street, Merthyr Tydfil, Mid Glamorgan

£85,000 £59,000 + £22,000 + £39,000 + £129,000 +

21. 22. 23. 24. 25.

Land Adjacent To 27 Francis Street, Abertridwr, Caerphilly, Mid Glamorgan 17 Church Street, Ebbw Vale, Gwent 26 High Street, Ferndale, Rhondda, Mid Glamorgan 39 Commercial Street, Blaenllechau, Ferndale, Rhondda, Mid Glamorgan 63 Deri Terrace, Tylorstown, Ferndale, Rhondda, Mid Glamorgan

Nominal Reserve £35,000 + £43,000 £54,000 + £48,000 +

26. 27. 28. 29. 30.

6 Australia Road, Cathays, Cardiff 121A Dunraven Street, Tonypandy, Rhondda, Mid Glamorgan 11 Delhi Street, St Thomas, Swansea, West Glamorgan 94 Bonymaen Road, Bonymaen, Swansea, West Glamorgan Dan Y Bryn, Eureka Place, Ebbw Vale, Gwent

£110,000 + £95,000 + £35,000 + £59,000 + £195,000 +

31. 32. 33. 34. 35.

37 Greenfield Road, Rhiwbina, Cardiff Land To The Rear Of Fothergills Road, Phillipstown, New Tredegar, Gwent Preseli Cottage, 1A Little Castle Grove, Herbrandston, Milford Haven, Pembrokeshire 35 Cwrt Jubilee, Plymouth Road, Penarth, Vale Of Glamorgan 393/395 Cowbridge Road East, Canton, Cardiff

£50,000 + £6,000 + £119,000 + £89,000 + £125,000 +

36. 37. 38. 39. 40.

20 Dinas Street, Plasmarl, Swansea, West Glamorgan Unit 1 North Point Industrial Estate, Bridgend, Mid Glamorgan Land At Clydesmuir Industrial Estate, Off Clydesmuir Road, Tremorfa, Cardiff 13 Park Street, Penrhiwceiber, Mountain Ash, Mid Glamorgan 25 Thomas Street, Abertridwr, Caerphilly, Mid Glamorgan

£42,000 + £60,000 + £39,000 + £44,000 + £49,000 +

41. 42.

Land R/O 1 Lake Street, Ferndale, Rhondda, Mid Glamorgan 1 Graig Yr Helfa, Glyntaff, Pontypridd, Mid Glamorgan

£10,000 + £82,000 +

PLEASE NOTE

IN ADDITION TO THE PURCHASE PRICE, BUYERS WILL BE REQUIRED TO PAY A BUYER’S PREMIUM OF £250 PLUS VAT property auction catalogue - 7th September 2010, 3pm


A40

A

T I O P A R

N K

A

A479

L

MONMOUTH

7th September 2010, 3pm

A470(T)

A4042

Park Inn Hotel Cardiff

A4233

A470(T)

W AY E CI RC

A4042

26 27

CAERPHILLY A4 73

28

25 a

25

N RY DE

RD

CHEPSTOW

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24

E ST EA

M4

RN

23

2

M48 1

CALDICOT M4

NEWPORT

21 22

29 30 29 a

32 34

A48

N LLA

A468

LLANEDERYN INTERCHANGE

A4232

A 4 67

PONTYPRIDD

A48

A449

A4051

A469

A4058

PARK INN HOTEL

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2 A47 Circle Way East, Llanedeyrn, Cardiff CF23 9XF BLACKWOOD

NYPANDY

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AS T

A4 72

A472

4

A466

ABERTILLERY

SOUTHERN WAY

69 A4

A470(T)

A449

A467

EBBW VALE

to be held at

MERTHYR TYDFIL

NT

Forest of Dean

A40

TREDEGAR

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A465(T)

BRYNMAWR

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A465

33

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A48

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CARDIFF

A4232

17

A403

A48

19

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M3 2

A4

3

BRISTOL

DATE OF NEXT AUCTION 26TH OCTOBER 2010  BARRY CLOSING DATE FOR ENTRIES 29TH SEPTEMBER 2010

AUCTION DATES FOR 2010

CLOSING DATE FOR ENTRIES

26TH OCTOBER 7TH DECEMBER

29TH SEPTEMBER 10TH NOVEMBER

FOR ENTRIES PLEASE CONTACT WENDY JONES 029 2037 0116 ELEANOR BYRNE 029 2037 0117 PENNY CODY 029 2037 0122 FAX NO: 029 2023 7544

MANSEL EDMUNDS 029 2037 0117 KRISTY PERRY 029 2037 0104 MATT TYLER 029 2037 0105 auctions@rhseel.co.uk

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk

15 20

16

M49

48

A38

A37


IMPORTANT NOTICE TO BUYERS

MONEY LAUNDERING REGULATIONS ANYONE WISHING TO BID ON ANY PROPERTY, WILL BE REQUIRED TO REGISTER PRIOR TO THE AUCTION IN THE SALE ROOM AND WILL NEED TO PRODUCE TWO FORMS OF ID, ONE FROM EACH OF THE FOLLOWING CATEGORIES: PHOTOGRAPHIC ID: PASSPORT OR DRIVING LICENCE PROOF OF ADDRESS: CURRENT BANK STATEMENT, UTILITY BILL ETC. If the bidder is acting as an agent on behalf of another party, they will be required to provide the above detailed documents for themselves and also for the principal as well as providing the usual letter authorising them to bid on their behalf. If the bidder is acting on behalf of a company, the detailed documents will still be required along with written authority from the company.

DEPOSIT TO BE PAID BY CASH OR CHEQUE WE CANNOT ACCEPT CREDIT OR DEBIT CARD PAYMENTS

CASH DEPOSITS ACCEPTED UP TO A MAXIMUM OF €10,000

Please do not bid if you do not have a deposit.

Only cash or cheque accepted. We cannot accept Credit Debit cards. property auction catalogue - 7thorSeptember

2010, 3pm

7


OTHER SERVICES OFFERED BY SEEL & CO INCLUDE:

LETTINGS ■ Full Management or find tenant only service ■ Free rental appraisals ■ Professional referencing service ■ Rent Guarantee scheme available ■ Full inventory checks and regular inspections

BLOCKS OF FLATS MANAGEMENT ■ Service charge/Ground rent collection ■ Keeping of full financial and Companies House records ■ Preparing service charge budgets ■ Arranging insurances ■ Organising common parts maintenance, repair and cleaning

SURVEYS AND VALUATIONS ■ Building surveys ■ Homebuyer reports ■ Valuations

For more information on any of the above please: Telephone: Fax: Email: Or call in at our office:

029 2037 0100 029 2037 0121 info@rhseel.co.uk R H Seel & Co The Crown House Wyndham Crescent Canton Cardiff CF11 9UH

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


THREE BEDROOM HOUSE FOR IMPROVEMENT

Lot no. 1

116 TALLIS STREET, CWMPARC, TREORCHY, RHONDDA, MID GLAMORGAN, CF42 6LY A two storey three bedroom end terraced house situated in the village of Cwmparc which lies approximately 1 mile from the busy town of Treorchy. The property has a pointed stone front elevation with brick features beneath a pitched tiled roof covering and benefits from uPVC double glazing and gas central heating (not tested), but is in need of refurbishment. Accommodation: GF. Entrance hallway, two reception rooms, kitchen, bathroom. FF. Landing, access to loft, three bedrooms. OS. Steps up to overgrown enclosed rear garden. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £35,000 +

HOUSE FOR OWNER OCCUPATION OR INVESTMENT

Lot no. 2

27 BAY STREET, PORT TENNANT, SWANSEA, WEST GLAMORGAN, SA1 8LB A two storey extended link detached house situated in the Port Tennant area of Swansea within 1.5 miles of Swansea City Centre, and within 4.5 miles of Junction 42 of the M4 motorway. The property has a spar rendered front elevation beneath a pitched roof with interlocking tile covering, flat roof to side extension and benefits from double glazed fenestration. Accommodation: Not internally inspected but assumed to comprise: GF: Lounge, kitchen, bathroom. FF:

Two bedrooms.

OS. Small raised forecourt. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £59,000

Auction Results 09065 868 151 Full Auction Results To use the fax retrieval system either dial from the handset of your fax machine or set to ‘POLL RECEIVE’ mode. The results will be available from noon the day after the auction. The Essential Information Group Tel: 020 7720 5000 (Calls cost 60p p/min for 09065 at all times)

property auction catalogue - 7th September 2010, 3pm

5


Lot no. 3

TWO BEDROOM HOUSE FOR RENOVATION 15 MORLAIS STREET, PENTREBACH, MERTHYR TYDFIL, MID GLAMORGAN, CF48 4BS A two storey two bedroom terraced house situated in the popular area of Pentrebach which lies approximately 2.5 mile from the busy town centre of Merthyr Tydfil and within close proximity of the A470. The property has spar rendered elevations beneath a pitched tile covered roof and requires total renovation throughout. Accommodation (not inspected but advised to comprise): GF. Entrance hall, two reception rooms, kitchen, w.c. with wash hand basin. FF.

Landing, two bedrooms, shower room.

OS. To the rear is a enclosed heavily overgrown garden. Tenure: Freehold.

Joint Auctioneers

Viewing: Joint Auctioneers, Weathersby, Troedyrhiw (01443) 692510

Guide Price: £39,000 +

Lot no. 4

END TERRACE HOUSE FOR IMPROVEMENT 28 PLEASANT VIEW, PENTRE, RHONDDA, MID GLAMORGAN, CF41 7PJ A three bedroom end terrace house, having spar rendered elevations under a pitched tiled roof covering with partial uPVC double glazed units and gas fired central heating (not tested), but in need of renovation throughout. Accommodation: GF: Entrance hall, lounge, kitchen, bathroom. FF:

Landing, three bedrooms.

OS. Steps up to overgrown front garden with path to front door, solid constructed shed to side, elevated overgrown rear garden. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £40,000

VIEW TO REAR

6

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


END TERRACED HOUSE FOR IMPROVEMENT

Lot no. 5

142 YNYSCYNON ROAD, TREALAW, TONYPANDY, RHONDDA, MID GLAMORGAN CF40 2LH A three bedroom end terrace house located alongside the main road, having pointed stone front elevation with brick features under a pitched tiled roof covering with partial uPVC double glazing and gas central heating (not tested) but requiring upgrading. Accommodation: GF. Entrance hall, reception room, rear reception room with opening to kitchen, under stairs storage, bathroom with bath, wash hand basin and wc. FF.

Landing, three bedrooms.

OS. Elevated overgrown rear garden. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £36,000 + MID TERRACED HOUSE FOR OWNER OCCUPATION OR INVESTMENT

Lot no. 6

70 NEATH ROAD, SWANSEA, WEST GLAMORGAN, SA1 2HW A two storey extended mid terraced house situated on Neath Road, one of the main arterial roads servicing Swansea City Centre, approximately 0.8 miles outside the City Centre and 3.5 miles from Junction 45 of the M4 motorway. The property has a pointed stone front elevation beneath a pitched roof with interlocking tile covering and benefits from double glazed fenestration. Accommodation: Not internally inspected but assumed to comprise: GF: Reception room, kitchen, bathroom. FF:

Three bedrooms.

OS. Steps up to overgrown grassed front garden. To the rear is a small enclosed yard with steps up to pedestrian gate giving access on to rear lane. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £59,000

PLEASE NOTE

BUYERS ARE RESPONSIBLE FOR INSURING ANY PROPERTY FROM EXCHANGE OF CONTRACTS property auction catalogue - 7th September 2010, 3pm

7


Lot no. 7

WAREHOUSE UNIT GROUSE STREET WAREHOUSE, 36 ELM STREET LANE, ROATH, CARDIFF, CF24 3QQ A warehouse/storage unit situated at the end of Grouse Street, off Partridge Road in the Roath area, convenient for access to the city centre and links to the M4 motorway. The property is of roughcast rendered block and brick construction under a pitched tiled roof covering with access via roller shutter doors. There is a roller shutter door to the rear giving access onto enclosed yard. Accommodation: GF: “L” shaped unit. Not accurately measured due to limited access, but estimated to comprise: Approximately 1,200 sq ft of storage. Roller shutter door giving access to enclosed rear yard, (approximately 400 sq ft). Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £49,000 +

Auction Specialists You should take legal advice before bidding on an auction property. Howells offer free initial legal advice. Pre auction reports available. Fixed fee conveyancing. Specialist Auction team. Deadlines met.

Call us today - FREEPHONE: 0808 178 2778 www.howellelegal.com CARDIFF 029 2040 4020 Hallinans House, 22 Newport Road, CF24 0TD

8

CARDIFF 029 2048 4366 62 Albany Road, Roath, CF24 3RR

e-mail: commercial@howellslegal.com

SWANSEA 01792 410016 4 Langdon House, Langdon Road, SA1 4AQ

CAERPHILLY 029 2086 7111 72/74 Cardiff Road, CF83 1JQ

TALBOT GREEN 01443 230411 First Floor, 83 Talbot Road, CF72 8AE

NEWPORT 01633 227960 29 Bridge Street, NP20 4BG

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


SEMI DETACHED HOUSE FOR IMPROVEMENT

Lot no. 8

2 MURIEL TERRACE, BEDLINOG, TREHARRIS, MID GLAMORGAN, CF46 6TP A semi detached house in a side street location with open aspect to front with views over the village and across the valley, in need of total refurbishment, but considered to be an ideal opportunity for a developer/ investor. The property has roughcast rendered elevations under a pitched tiled roof covering. Accommodation: GF. Access to front garden, principally occupied by sun room, hallway, three reception rooms, kitchen/diner, wc. FF.

Three bedrooms, bathroom.

OS. Raised front with sun room, substantial rear garden in need of cultivation.

Joint Auctioneers

Tenure: Freehold. Viewing: Joint Auctioneers, Weathersby, Treharris (01443) 412097

Guide Price: £59,000 + THREE BEDROOM HOUSE FOR RENOVATION

Lot no. 9

74 LOWER THOMAS STREET, MERTHYR TYDFIL, MID GLAMORGAN, CF47 0BY A two storey terraced house situated on the fringe of Merthyr Tydfil town centre close to the Tesco Supermarket and within close driving distance to the A470. The property has spar rendered elevations beneath a pitched roof with a single storey dilapidated extension to the rear and requires total renovation. Accommodation (not inspected but advised to comprise): GF. Entrance hall, two reception room, kitchen, bathroom. FF.

Landing, three bedrooms.

OS. Steps to an overgrown forecourt. To the rear is a heavily overgrown enclosed garden that backs onto a rear service lane. Tenure: Freehold.

Joint Auctioneers

Viewing: Joint Auctioneers, Weathersby, Troedyrhiw (01443) 692510

Guide Price: £44,000 +

PLEASE NOTE

WE ARE UNABLE TO ACCEPT DEPOSITS BY WAY OF DEBIT OR CREDIT CARD property auction catalogue - 7th September 2010, 3pm

9


ON THE INSTRUCTIONS OF ANEURIN BEVAN LOCAL HEALTH BOARD

Lot no. 10

IMPRESSIVE DETACHED PROPERTY WITH D1 CONSENT LYNDHURST, EUREKA PLACE, EBBW VALE, GWENT, NP23 6PN A large and prestigious former residence in a prominent location near the town centre, currently owned, maintained and used by the Local Health Board as a clinic with offices and consulting rooms. The property is in an elevated location with similar former prestigious homes alongside, having a commanding view to the front. This prominent premises has rendered and colourwashed elevations with some uPVC but mostly timber framed windows surmounted by a pitched slate roof covering with gas fired central heating installed (not tested). Several potential uses achievable within D1 use class, or alternative uses (i.e. residential or offices) subject to obtaining the necessary consents. Accommodation: GF. Side access door to hall and six rooms, rear lobby with two separate wcs’ and small stores, staircase up: FF.

Landing with doors to all rooms and stairs up: Six rooms, kitchen and wc.

SF.

Landing, three rooms.

OS. The property is bounded by a stone wall to the front with large gardens mostly laid to lawn at the front and side. There is a rear patio and steps leading up to tiered garden and pedestrian access to rear lane. There is a two storey rear extension of matching construction with external metal fire escape staircase. Tenure: Freehold. Viewing: Joint Auctioneers, Brinsons, Caerphilly (029) 2086 7711

Guide Price: £155,000 + Joint Auctioneers

‘Eastgate’

Market Street Caerphilly Mid Glamorgan CF83 1NX www.brinsons.co.uk

MEET US AT THIS AUCTION

to resolve 6 month remortgage issue

6 month remortgage bridge

0844 873 1646 www.auctionfinance.co.uk

3 month remortgage bridge

working in association with

Essent al INFORMATION GROUP

Flexible bridge

Fast funding for property professionals

AUC0902Seel&Co.indd 1

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16/06/2010 13:13:14

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


HOUSE FOR OWNER OCCUPATION OR INVESTMENT

Lot no. 11

1A ST. BRIDES CRESCENT, NEWPORT, GWENT, NP20 3AS A modern two bedroom semi detached house just off Cardiff Road (A48) situated close to Junction 28 of the M4 motorway within 2 miles of Newport city centre and opposite Tredegar Park sports grounds. The property has facing brick elevations beneath a pitched roof with interlocking tile covering and benefits from gas central heating (not tested), double glazed uPVC fenestration and a garage. Some improvement works are required. Accommodation: GF: Entrance lobby, lounge, kitchen. FF:

Landing, two bedrooms, bathroom.

OS. Grassed front garden, enclosed overgrown rear garden with patio area, garage (no garage door) situated in separate block to rear of property. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £78,000 + TWO BEDROOM FLAT FOR REFURBISHMENT

Lot no. 12­­­­

45 ROWAN PLACE, RHYMNEY, GWENT, NP22 5DU A first floor two bedroom flat requiring refurbishment throughout situated on a local authority estate within approximately 0.5 miles of Rhymney village centre and within close proximity to the A465 Heads of the Valley trunk road. The flat is situated within a two storey block comprising similar type properties having facing brick elevations beneath a pitched tiled roof. Accommodation: GF. Independent entrance, stairs to: FF.

Landing, lounge, two bedrooms, kitchen, bathroom, store room.

Tenure: Leasehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £15,000 +

property auction catalogue - 7th September 2010, 3pm

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Lot no. 13

END TERRACED HOUSE FOR OWNER OCCUPATION OR INVESTMENT 44 HEOL CARADOC, PEN Y WAUN, ABERDARE, MID GLAMORGAN, CF44 9BD An end terrace house on a residential estate of similar type homes on the outskirts of Aberdare, having colourwashed tyrolean rendered elevations to the main dwelling, spar rendered to the single storey extension with uPVC double glazed fenestration throughout and gas fired central heating (not tested) beneath a pitched tiled roof covering. There are local shops nearby with more extensive facilities a few miles away in Aberdare. Accommodation: GF: Entrance porch, entrance hall, two reception rooms, fitted kitchen with substantial dining extension. FF:

Landing, three bedrooms, bathroom with three piece suite with overbath shower and wc.

OS. Gravel surfaced drive with parking for two cars, shared footpath, garden to front and rear with a variety of external buildings and greenhouses. Tenure: Freehold.

Joint Auctioneers

Viewing: Joint Auctioneers, Simpson Estates, Cardiff (029) 2038 3881

Guide Price: £35,000 +

Lot no. 14

COFFEE SHOP/BAKERY – RETAIL INVESTMENT 9 OXFORD STREET, MOUNTAIN ASH, MID GLAMORGAN, CF45 3PG A ground floor shop trading as a Coffee Shop/Bakery and Confectioners with storage above, located in the main trading street within the town next door to BetFred Bookmakers and close to Lloyds Chemist. The shop has a recessed shop front, colourwash rendered above under a pitched slate roof covering. Accommodation: GF: Servery/counter, seating area, public toilet, staff toilet. FF:

Storage area approached via staircase within the shop.

Lease Details: We are advised the property is let on lease with 5 yearly rent reviews. The current rent passing is £6,000 per annum exclusive of rates and all outgoings. A copy of the lease will be available from the Auctioneers office. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £48,000 +

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RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


LAND WITH RESIDENTIAL DEVELOPMENT POTENTIAL

Lot no. 15

LAND ADJACENT TO 110 VICTORIA ROAD, FLEUR DE LYS, BLACKWOOD, GWENT, NP12 3UQ A regularly shaped plot of land occupied partly by trees, with road frontage surrounded by good quality detached and semi detached housing close to the amenities on offer in the village and within close proximity to the A472. The land may have potential for residential development subject to the necessary consents being obtained and all interested parties are advised to make their own enquiries of the Local Authority in this respect The land is sold subject to all or any rights, easements, tenancies, licenses or claims which may or may not exist and purchasers must satisfy themselves in this connection. Tenure: Freehold. Viewing: The land is open for inspection. Further Information: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £36,000 +

MID TERRACED HOUSE FOR OWNER OCCUPATION OR INVESTMENT

Lot no. 16

798 LLANGYFELACH ROAD, TREBOETH, SWANSEA, WEST GLAMORGAN, SA5 9AX A two storey extended mid terraced house situated in the Treboeth area of Swansea, approximately 2.5 miles outside Swansea City Centre and 1.5 miles from junction 46 of the M4 motorway. The property has colourwashed and spar rendered elevations beneath a pitched roof with interlocking tile covering and benefits from double glazed fenestration. Accommodation: Not internally inspected but assumed to comprise: GF: Reception room, kitchen, bathroom. FF:

Three bedrooms.

OS. Steps up to an overgrown front garden. To the rear is a long enclosed but overgrown garden area. Tenure: Freehold. Viewing: External only. Further information: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £85,000

property auction catalogue - 7th September 2010, 3pm

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Lot no. 17

THREE BEDROOM SEMI DETACHED HOUSE 70 BRYNCELYN, NELSON, TREHARRIS, MID GLAMORGAN, CF46 6HN A three bedroom semi detached house of non traditional construction situated on an estate approximately half a mile from the village centre with easy access to the A470 trunk road, enjoying open aspect to the rear. Accommodation: GF. Hall, lounge, dining room, kitchen, utility area, wc in cubicle. FF.

Landing, three bedrooms, bathroom with overbath shower, wash hand basin set in vanity unit, wc.

OS. Front garden laid to lawns with central path, long rear garden enjoys open aspect, patio terrace leads onto lawns with central pathway, drive at rear provides off road parking and leads to detached garage. Tenure: Freehold. Viewing: Joint Auctioneers, Weathersby, Treharris (01443) 412097

Guide Price: £59,000 + Joint Auctioneers

VIEW TO REAR

REALTY DHG LTD

• Residential Mortgages • Commercial Finance • Life Protection

• General Insurance • Pensions • Investments

To speak with our Mortgage Advisor Jason Walters

Call 07830 155627 www.realtydhg.com

Unit 13, Pacific Business Park, Pacific Road, Cardiff CF24 5HJ Tel: 029 2049 3300 • Fax: 029 2048 3399

Your home may be repossessed if you do not keep up repayments on your mortgage. Commercial Finance is not regulated by the FSA. 14

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


REDEVELOPMENT OPPORTUNITY SUBJECT TO PLANNING

Lot no. 18

FORMER CROESERW CLINIC, SOUTH AVENUE, CYMMER, PORT TALBOT, WEST GLAMORGAN SA13 3RA A detached former health clinic of demountable sectioned construction beneath a felt covered roof situated in the village of Croeserw approximately 10 miles north east of Port Talbot and the M4 motorway. The property sits next to the local public house, amidst residential housing and close to the local shop and occupies a site of approximately 0.217 acres (0.088 hectares). The property is considered to have redevelopment potential, subject to the necessary consents being obtained. In this respect it is recommended that any redevelopment or proposed land use changes are discussed with the Development Control Department of Neath Port Talbot County Borough Council prior to purchase. Accommodation: GF. Entrance lobby, waiting area, male, female and disabled toilet accommodation, reception office, office 1, office 2, treatment room 1, treatment room 2. OS. The property is set in grounds extending to approximately 0.217 acres and is bounded by palisade fencing. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £22,000 +

MID TERRACED HOUSE

Lot no. 19

48 JAMES STREET, MAERDY, RHONDDA, MID GLAMORGAN, CF43 4DT An older type mid terraced house in a street of similar type properties within walking distance of local shops. The property has a pointed stone front elevation with brick features beneath a pitched tiled roof covering and benefits from uPVC double glazing and gas central heating (not tested). Accommodation: GF. Entrance hall, through lounge with under stairs storage, kitchen. FF.

Landing, access to loft, three bedrooms, bathroom.

OS. Enclosed rear garden. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £39,000 +

property auction catalogue - 7th September 2010, 3pm

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Lot no. 20

RETAIL INVESTMENT 36 VICTORIA STREET, MERTHYR TYDFIL, MID GLAMORGAN, CF47 8BW A three storey terraced commercial premises situated within Merthyr Tydfil town centre amidst both national and local retailers and service providers including William Hill, Thomson, Ladbrokes and The Forum Coffee Lounge. The ground floor retail premises are let to United Co-operative Retail Travel Ltd. There are two upper floors, the staircase access to which has been removed and these upper floors are not included in the lease. Accommodation: GF. SHOWROOM/OFFICES approximately 49 sq mtrs. Tenancies: GF: RETAIL UNIT: Let on lease for a term of ten years from January 27th 2010 at a current rental of £13,000 per annum exclusive or rates. United Co-operative Retail Travel Ltd are a multiple company with numerous branches. A copy of the lease is available from the Auctioneers office. TOTAL RENTS: £13,000 PER ANNUM. Tenure: Freehold. Viewing: External only. Further information: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £129,000 +

Lot no. 21

SCRUB LAND LAND ADJACENT TO 27 FRANCIS STREET, ABERTRIDWR, CAERPHILLY, MID GLAMORGAN, CF83 4DX A heavily overgrown, triangular shaped parcel of land with frontage onto Francis Street and service lane frontage to the south of the site, situated amidst residential housing within the village of Abertridwr. The land may have development potential subject to the necessary consents being obtained. All interested parties are advised to make their own enquiries of the Local Authority in this respect. The land is sold subject to any rights, claims, easements, licenses or tenancies which may or may not exist. Tenure: Freehold. Viewing: The land is open for inspection. Further Information: Auctioneers Office, Seel & Co (029) 20 370117

Guide Price: Nominal Reserve

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RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


ON THE INSTRUCTIONS OF ANEURIN BEVAN LOCAL HEALTH BOARD MID TERRACE PROPERTY WITH POTENTIAL TO REVERT TO RESIDENTIAL

Lot no. 22

17 CHURCH STREET, EBBW VALE, GWENT NP23 6BE A mid terraced former house more recently having existing D1 consent in a mixed retail and residential area just off the town centre. The property has a rendered front elevation with mostly uPVC double glazed fenestration and gas fired central heating (not tested) beneath a pitched tiled roof covering with potential to revert to residential (subject to obtaining the necessary consents) after minor alteration and general refurbishment. Accommodation: GF. Recessed porch leading to entrance hall, two reception rooms, kitchen with modest range of units, rear lobby with wash hand basin and door to separate wc. FF.

Landing, three bedrooms, bathroom with three piece suite.

OS. Off road rear parking area for four vehicles with rear lane access. Tenure: Freehold. Viewing: Joint Auctioneers, Brinsons, Caerphilly (029) 2086 7711

Joint Auctioneers

Guide Price: £35,000 + ‘Eastgate’

Market Street Caerphilly Mid Glamorgan CF83 1NX www.brinsons.co.uk

FREEHOLD COMMERCIAL INVESTMENT

Lot no. 23

26 HIGH STREET, (T/A MEMOS), FERNDALE, RHONDDA, MID GLAMORGAN, CF43 4RH A stone built two storey mid terraced retail premises with two storey rear extension and upper parts, currently used as a hot food takeaway with storage over. The property has stove enamelled cladding to the upper front elevation, spar rendered to the rear beneath a pitched slate roof covering with display window and front door leading directly off the pavement. To the rear are two large commercial type extractor fans for current hot food use. The property is in a prominent main road location within a busy valleys town, opposite the Co-op stores and the Post Office with a Spar convenience store, Ladbrokes, Dental Surgery and local retailers nearby. Accommodation: Not inspected internally but appears to comprise: GF: Front shop with full length serving counter, door to rear cooking preparation areas. FF:

Storage accessed from internal stairs.

OS. The property directly fronts onto the pavement and may have small enclosed rear yard. Tenure: Freehold. Viewing: External only Further information: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £43,000

property auction catalogue - 7th September 2010, 3pm

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Lot no. 24

FISH AND CHIP SHOP WITH LIVING ACCOMMODATION AND FLAT – PART LET INVESTMENT 39 COMMERCIAL STREET, BLAENLLECHAU, FERNDALE, RHONDDA, MID GLAMORGAN CF40 2LH A Fish and Chip shop, now closed but with equipment included, on a main road location within the village, occupying the ground floor of a three storey end terrace property with owners living accommodation at lower ground floor level and a studio flat on the first floor which is currently let. Accommodation: GF. Display window with electrically operated security roller shutter. Gross frontage approximately 40 ft. Retail area approximately 275 sq. ft with Preston and Thomas gas cooking range. Preparation area approximately 148 sq. ft with range of equipment. LGF. Living accommodation comprising lounge/kitchen combined, one bedroom, bathroom, store. FF.

Self contained studio advised to comprise lounge/kitchen/ bedroom combined plus bathroom.

Tenancy We are advised the studio flat is currently let on Assured Shorthold Tenancy Agreement at a rental of £40 per week (£2,080 per annum)

Joint Auctioneers

Tenure: Freehold. Viewing: Joint Auctioneers, Barbara Rees, Tonypandy (01443) 442444

Guide Price: £54,000 +

Lot no. 25

END TERRACE HOUSE IN NEED OF REFURBISHMENT 63 DERI TERRACE, TYLORSTOWN, FERNDALE, RHONDDA, MID GLAMORGAN, CF43 3NB A traditional type three storey end terraced house with rear extension in a residential area on the outskirts of Tylorstown. The property has artificial stone cladding to the front, spar rendering to the pine end and mostly uPVC cladding to the rear beneath a pitched slate roof covering with uPVC double glazed windows and gas fired central heating (not tested). Accommodation: GF. Hall, through reception room, bathroom with three piece suite and overbath shower. LGF. Kitchen with external door, living room and store room. FF.

Landing with hatch to attic with Velux type roof light, three bedrooms.

OS. Concrete patio and rear yard with door to rear service lane. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £48,000 +

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RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


BAY FRONTED MID TERRACE HOUSE – FOR REFURBISHMENT

Lot no. 26

6 AUSTRALIA ROAD, CATHAYS, CARDIFF, CF14 3DB An older type mid terrace house in a residential location with good transport and road links, convenient for the University Hospital of Wales at Heath Park and in an area popular for student accommodation. The property has a facing brick front elevation with bathstone bay windows beneath a tile hung gabled front and a slate roof covering with two storey cement rendered rear extension and is in need of modernisation and refurbishment throughout. The property has a small forecourt with dwarf wall and enclosed rear garden with handgate to rear service lane. Accommodation GF. Entrance hall, front reception with bay window, rear living room with door to kitchen. FF.

Landing, four bedrooms, bathroom with three piece suite.

OS. Forecourt, enclosed rear garden with pedestrian access to rear service lane, outside wc and coal shed. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £110,000 +

COMMERCIAL INVESTMENT WITH SCOPE TO IMPROVE

Lot no. 27

121A DUNRAVEN STREET, TONYPANDY, RHONDDA, MID GLAMORGAN, CF40 1AS A part let freehold property within the pedestrianised shopping area of Tonypandy town centre situated between Santander (formerly Abbey National) and HSBC banks with retailers and service providers represented. The ground floor is let to United Co-operative Retail Travel Limited, the first floor flat being vacant and in need of refurbishment throughout. Accommodation: GF. SHOWROOM/OFFICES approximately 78 sq mtrs. FLAT. Accessed from ground floor at rear, entrance hall, lounge, kitchen, two bedrooms, bathroom, stairs to two further rooms. Tenancies: GF. RETAIL UNIT: Let on lease for a term of ten years with 5 year rent review from September 21st 2009 at a current rental of £9,250 per annum exclusive of rates. The tenant is United Co-operative Retail Travel Limited, a multiple company with numerous branches. A copy of the lease is available from the Auctioneers office. FLAT. Currently vacant but we are advised that the property when refurbished should let at a rental in the region of £300 per calendar month. HENCE TOTAL POTENTIAL RENTS: £12,850 PER ANNUM. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £95,000 +

property auction catalogue - 7th September 2010, 3pm

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Lot no. 28

MID TERRACE HOUSE 11 DELHI STREET, ST. THOMAS, SWANSEA, WEST GLAMORGAN, SA1 8BT A two storey mid terraced house situated in the St. Thomas area of Swansea within a mile of Swansea City Centre, and within close proximity to Fabian Way which gives access to Junction 42 of the M4 motorway. The property has a spar rendered front elevation beneath a pitched roof with interlocking tile covering and benefits from double glazed fenestration. Accommodation: Not internally inspected but assumed to comprise: GF: Reception room, kitchen, bathroom. FF:

Three bedrooms.

OS. Rear garden. We understand the property is currently occupied but we have no further information. Tenure: Freehold. Viewing: External only. Further information: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £35,000 +

Lot no. 29

SEMI DETACHED HOUSE FOR OWNER OCCUPATION OR INVESTMENT 94 BONYMAEN ROAD, BONYMAEN, SWANSEA, WEST GLAMORGAN, SA1 7AW A semi detached house amidst similar type homes in an established residential area within 2.5 miles of Swansea City Centre. The property has spar rendered elevations with a pitched roof with interlocking tile covering over and benefits from uPVC double glazed fenestration and gas fired central heating (not tested), front and rear gardens and a garage to the rear. Some updating works are required. Accommodation: GF: Entrance hall, lounge, dining room, kitchen, utility room. FF:

Landing, three bedrooms, shower room.

OS. Steps up to paved and overgrown front garden with side path. To the rear is a paved and grassed (but overgrown) garden with brick built shed and garage with rear service lane access. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £59,000 +

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ON THE INSTRUCTIONS OF ANEURIN BEVAN LOCAL HEALTH BOARD VERY LARGE DETACHED PROPERTY WITH RESIDENTIAL INSTITUTION (C2) USE

Lot no. 30

DAN-Y-BRYN, EUREKA PLACE, EBBW VALE, GWENT, NP23 6PN A very large detached premises with various extensions, set amidst extensive slightly elevated grounds within easy reach of the town centre. The property is owned and maintained by the Local Health Board, currently used as a specialist seven bedroom residential Mental Health unit with consulting rooms, day rooms, offices and kitchen and is well suited for continuation of the existing use or reverting back to residential use, subject to obtaining the necessary consents. The property has part pointed stone and part spar rendered elevations with uPVC double glazed fenestration beneath a pitched slate roof covering, with front drive and off road parking. Accommodation: GF. Entrance porch with security doors to entrance hall with staircase at each end. Room 1: Single bedroom. Room 2: Staff room. Room 3: Currently used as Smoking room. Room 4: Communal dining room and lounge Kitchen, washroom. Room 5: Consulting room. Room 6: Office, inner office. FF.

Central corridor with various security doors. Rooms 7,8&9: Single bedrooms. Room 10: Laundry room. Room 11: Doctors office. Rooms 12&13: Twin bedded rooms. Room 14: Triple bedded room. Room 15: Office Bathroom with three piece suite and shower cubicle, store rooms.

OS. The property is set back off the road with front lawn and gardens, together with front drive and parking. To the rear and side are sloping banks. Tenure: Freehold. Viewing: Joint Auctioneers, Brinsons, Caerphilly (029) 2086 7711

Guide Price: £195,000 + Joint Auctioneers

‘Eastgate’

Market Street Caerphilly Mid Glamorgan CF83 1NX www.brinsons.co.uk

property auction catalogue - 7th September 2010, 3pm

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Lot no. 31

REDEVELOPMENT OPPORTUNITY 37 GREENFIELD ROAD, RHIWBINA, CARDIFF, CF14 1TE A detached bungalow of facing brick and cement render under a pitched tiled roof covering located in Greenfield Road close to its junction with Keynsham Road and Pantbach Road. To the rear of the original bungalow, which is in a dilapidated condition, is a partly constructed two storey extension which appears to have been erected without any planning consent. There is also a double garage which has been built in the rear garden, again, we believe without planning consent. In view of the condition of the original bungalow and the poor workmanship and potential lack of planning in respect of the extension and garage, it is considered that total demolition is likely to be the best option with redevelopment of the site, subject to all or any planning and building regulations that may be required. All interested parties are advised to make their own enquiries in this connection. All parties entering the property do so at their own risk and neither the Auctioneers, the Vendor nor their Agents will be responsible for any accident or injury howsoever caused. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: ÂŁ50,000 +

Lot no. 32

FORMER RECREATIONAL LAND LAND TO THE REAR OF FOTHERGILLS ROAD, PHILLIPSTOWN, NEW TREDEGAR, GWENT, NP12 6AW A sloping, triangular shaped parcel of land with road frontage and pedestrian access situated behind existing residential housing within the Phillipstown area of New Tredegar and bounded by post and wire fencing. The land may have potential for a variety of uses subject to the necessary consents being obtained and all interested parties are advised to make their own enquires in this connection. The land is sold subject to all or any rights, easements, tenancies, licenses or claims which may or may not exist and purchasers must satisfy themselves in this connection. Tenure: Freehold. Viewing: The land is open for inspection. Further Information: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: ÂŁ6,000 +

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RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


Lot no. 33

DETACHED BUNGALOW PRESELI COTTAGE, 1A LITTLE CASTLE GROVE, HERBRANDSTON, MILFORD HAVEN, PEMBROKESHIRE, SA73 3SP A three bedroom detached bungalow having colourwashed rendered elevations under a pitched slate roof covering on a residential estate in the coastal village of Herbrandston, approximately half a mile from Sandy Haven beach, with nearby destinations including Dale and Little Haven. The property benefits from uPVC double glazing and oil fired central heating (not tested). Accommodation: Not internally inspected but advised to comprise GF: Lounge, dining room, kitchen with wall and base units, utility room, bedroom 1. FF:

Two bedrooms, bathroom.

OS. Parking area to front, attached garage, small lawned garden to front, rear garden. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £119,000 +

Lot no. 34

RETIREMENT FLAT FOR UPGRADING 35 CWRT JUBILEE, PLYMOUTH ROAD, PENARTH, VALE OF GLAMORGAN, CF64 3DQ A one bedroom second floor retirement flat located in the sought after area of Penarth being convenient for the local town centre and public transport to Cardiff city centre. Occupancy is restricted to residents over 60 years of age and the flat benefits from twenty four hour care line system and door entry system, double glazing and electric heating (not tested). Accommodation: GF. Communal entrance hallway, residents lounge, lift to all floors. SF.

Large entrance hallway, lounge/dining room, kitchen with fitted oven and hob, bedroom benefitting from fitted wardrobe, bathroom comprising bath with shower over, wc and wash hand basin.

OS. Communal parking. Tenure: Leasehold. Viewing: Joint Auctioneers, David Baker & Co, Penarth, (029) 2070 2622

Joint Auctioneers

Guide Price: £89,000 +

PLEASE NOTE WE CAN NOW SUPPLY LEGAL PACKS BY EMAIL. TO REQUEST THIS SERVICE PLEASE EMAIL YOUR REQUIREMENTS TO penny.cody@rhseel.co.uk or kristy.perry@rhseel.co.uk

property auction catalogue - 7th September 2010, 3pm

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Lot no. 35

RETAIL PREMISES WITH OFFICES OVER – POTENTIAL INVESTMENT 393/395 COWBRIDGE ROAD EAST, CANTON, CARDIFF, CF5 1JG A freehold mid terraced commercial premises comprising retail shop to the ground floor with offices to the first floor situated in a busy trading area in Cowbridge Road East amidst other retailers, trade merchants and service providers. The property has pointed natural stone front elevation beneath a slate covered pitched roof. The ground floor benefits from a full width display window with central glazed door, suspended ceilings and carpet tiled floor (to shop part). The building has been wired to CAT 5 standard for use with IT networks and telecommunication systems (not tested). Accommodation: GF. Retail sales area which has been subdivided to provide a boardroom, store room, kitchenette, rear lobby, store cupboard, wc, workshop/ office. FF. Four separate offices, workshop, gallery office. OS. Enclosed rear yard with storage shed. To the front are two designated parking spaces. Tenure: Freehold. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £125,000 +

Lot no. 36

MID TERRACE HOUSE 20 DINAS STREET, PLASMARL, SWANSEA, WEST GLAMORGAN, SA6 8LQ A two storey mid terraced house situated in the Plasmarl area of Swansea within two miles of Swansea City Centre, and within two miles of Junction 45 of the M4 motorway. The property has a spar rendered front elevation beneath a pitched roof with interlocking tile covering and benefits from double glazed fenestration. Accommodation: Not internally inspected but assumed to comprise: GF: Living room, kitchen. FF:

Three bedrooms, bathroom.

OS. Steps to small enclosed front garden. To the rear is a yard leading to tiered overgrown rear garden. We understand the property is currently occupied but we have no further information. Tenure: Freehold. Viewing: External only. Further Information: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £42,000 +

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RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


Lot no. 37

LARGE INDUSTRIAL SHED/WAREHOUSE UNIT 1, NORTH POINT INDUSTRIAL ESTATE, BRIDGEND, MID GLAMORGAN, CF31 3RX A modern semi detached industrial unit of brick/block and steel frame construction with facing brick elevations, profile sheet cladding incorporating a 3.5m height roller shutter door beneath a profile sheet roof covering. The unit is situated on a small estate of eleven units within the very large and busy Bridgend Industrial Estate which is approximately 2.5 miles from Junction 35 of the M4 Motorway, 18 miles from Cardiff and 27 miles from Swansea. Accommodation: GF. Entrance lobby, reception/office area, workshop, wc. FF.

Office, kitchenette/staff area, wc, mezzanine area with office. Workshop area approximately 120 sq mtrs plus ancillary and mezzanine.

OS. Three parking spaces Tenure: Leasehold 999 years (less one day) from 1st March 1993. Viewing: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £60,000 +

AMG Maintenance

AMG Maintenance

Nationwide Coverage For All Your Maintenance Needs @ @ @ @

Locksmith Services House Clearance Draining Of Water Systems Property Repairs CALL US ON

Emergency Boarding Security Shuttering Garden Maintenance Cleaning Services

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01625 433633 macclesfield@amgltd.co.uk www.amgltd.co.uk

FAX: 01625 433600

property auction catalogue - 7th September 2010, 3pm

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Lot no. 38

AREA OF LAND WITH OUTLINE RESIDENTIAL PLANNING CONSENT CLYDESMUIR INDUSTRIAL ESTATE, OFF CLYDESMUIR ROAD, TREMORFA, CARDIFF, CF24 2QS A level area of land enclosed by palisade fencing extending to 0.1469 acres or thereabouts, located just off Clydesmuir Road to the fringe of the industrial estate and adjoining existing Local Authority Housing. The land is sold with the benefit of outline planning consent for residential development granted on 26th December 2007 under Planning Reference 07/02571/E. A copy of the planning consent will be available from the Auctioneers office. Tenure: Freehold. Viewing: The land is open for inspection. Further Information: Auctioneers Office, Seel & Co (029) 2037 0117

Guide Price: £39,000 +

PLAN FOR IDENTIFICATION PURPOSES ONLY. NOT TO SCALE.

Lot no. 39

FOUR BEDROOM MID TERRACE HOUSE – FOR IMPROVEMENT 13 PARK STREET, PENRHIWCEIBER, MOUNTAIN ASH, MID GLAMORGAN, CF45 3YW A bay fronted mid terrace house located in an elevated position within the village of Penrhiwceiber having a pointed stone front elevation with brick features, under a pitched slate roof covering. The property benefits from uPVC double glazing and gas fired central heating installed (not tested), but is in need of improvement. Accommodation: GF. Entrance hallway, lounge/dining room (formerly two rooms), kitchen, bathroom. FF.

Landing, four bedrooms.

OS. Steps up to front door, elevated forecourt, rear yard with elevated rear garden. Tenure: Freehold. Viewing: Joint Auctioneers Office, Durbin & Co (01443) 473883

Guide Price: £44,000 + Joint Auctioneers

Durbin & Co E S TAT E

A G E N T S

1 Oxford Street, Mountain Ash, Mid Glam. CF45 2PG Tel: (01443) 473883 / 477888 Fax: (01443) 474855

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RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


Lot no. 40

RETAIL PREMISES – POTENTIAL INVESTMENT 25 THOMAS STREET, ABERTRIDWR, CAERPHILLY, MID GLAMORGAN, CF83 4AU A freehold mid terraced property with retail use to the ground floor (latterly used as a butchers shop) and three rooms to the first floor, situated in the village of Abertridwr, which lies approximately 2.75 miles from the main town of Caerphilly. The property has a natural pointed stone front elevation with brick quoin detail beneath a pitched roof with interlocking tile covering. The ground floor benefits from a display window and uPVC double glazed windows have been fitted to the majority of the building. It is believed that the first floor could be converted to residential accommodation subject to the necessary consents being obtained. Accommodation: GF. Retail area, preparation area, kitchen. FF. Three rooms (one with wc). OS. Rear yard with garage benefiting from rear service lane access. Tenure: Freehold. Viewing: Joint Auctioneers, Brinsons, Caerphilly (029) 2086 7711

Guide Price: £49,000 +

Joint Auctioneers

‘Eastgate’

Market Street Caerphilly Mid Glamorgan CF83 1NX www.brinsons.co.uk

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property auction catalogue - 7th September 2010, 3pm

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Lot no. 41

PARCEL OF LAND WITH RESIDENTIAL DEVELOPMENT CONSENT LAND r/o 1 LAKE STREET, FERNDALE, RHONDDA, MID GLAMORGAN, CF43 3HE An infill plot of land principally occupied by a single storey garage/ store of solid type construction situated close to the amenities on offer in the Rhondda Valley town of Ferndale. The land benefits from full planning consent for a two bedroom detached town house with integral garage granted 10th July 2008 by Rhondda Cynon Taff County Borough Council (Planning Reference: 08/0373/10). Plans and a copy of the consent can be obtained from the Auctioneers Office. Tenure: Freehold. Viewing: Joint Auctioneers, Barbara Rees, Tonypandy, (01443) 442444

Guide Price: £10,000+

Lot no. 42

TWO BEDROOM SEMI DETACHED HOUSE 1 GRAIG YR HELFA ROAD, GLYNTAFF, PONTYPRIDD, MID GLAMORGAN, CF37 4AR A semi detached house of modern type construction on an estate of similar properties in the Glyntaff area of Pontypridd just off the Glyntaff Road junction with the A470 at Pontypridd. The property has facing brick elevations under a pitched tiled roof covering and benefits from partial double glazing and gas central heating (not tested). Accommodation: GF. Entrance porch, hallway, lounge, kitchen (with small dining area) open to utility area with pantry. FF.

Two bedrooms, bathroom comprising bath, wash hand basin and wc.

OS. Front side and rear patio gardens, brick built outhouse/ storage shed. Tenure: Freehold.

Joint Auctioneers

Viewing: Joint Auctioneers, Barbara Rees, Pontypridd (01443) 405222

Guide Price: £82,000 +

PLEASE NOTE WE CAN NOW SUPPLY LEGAL PACKS BY EMAIL. TO REQUEST THIS SERVICE PLEASE EMAIL YOUR REQUIREMENTS TO penny.cody@rhseel.co.uk or kristy.perry@rhseel.co.uk

28

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END OF AUCTION PLEASE REFER TO AUCTIONEERS FOR DETAILS OF ANY LATE ENTRIES

WE ARE NOW INVITING ENTRIES FOR OUR 26TH OCTOBER AUCTION – ­ FOR A FREE AUCTION APPRAISAL CONTACT

THE AUCTION TEAM ON (029) 2037 0117

PLEASE NOTE

WE ARE UNABLE TO ACCEPT DEPOSITS BY WAY OF DEBIT OR CREDIT CARD

PLEASE NOTE

BUYERS ARE RESPONSIBLE FOR INSURING ANY PROPERTY FROM EXCHANGE OF CONTRACTS property auction catalogue - 7th September 2010, 3pm

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NOTES

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


TELEPHONE/PROXY BIDDING FORM DATE OF AUCTION:

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TELEPHONE NO:

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I hereby authorise the Auctioneers staff to bid on my behalf in accordance with the terms and conditions set out herein headed ‘bidding by telephone or by letter’, which I confirm I have read and understood. I request that the Auctioneers attempt to contact me on the telephone at the relevant time to enable me to bid myself. (Delete if telephone bid is not required). The bid that I hereby Authorise is:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Lot No: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Auction Date:

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Address of Lot:

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Maximum Bid:

£_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (words)

I attach a cheque for deposit of _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (Plus Buyers Premium of £250 plus VAT) (10% of maximum bid or £1,000 or £2,000 (as applicable) whichever is the greater) Signature of the Bidder: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Date:

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

If the person signing is not the bidder the signatory warrants that authority has been given by the bidder. Name: (please print)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Address: (if different from the bidder)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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Telephone No:

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

property auction catalogue - 7th September 2010, 3pm


BIDDING BY TELEPHONE/LETTER 1. The bidder must complete a separate authority form for each lot and provide a bankers draft, Solicitors, clients account cheque or cheque signed by a Building Society, for 10% of the maximum amount bid for each lot, subject to a minimum of £1,000 or £2,000 (as applicable) plus Buyers Premium of £250 plus VAT made payable to: R.H. SEEL & CO. 2. The form must be sent, or delivered to, the Auctioneers office, The Crown House, Wyndham Crescent, Canton, Cardiff to arrive before 5pm two working days prior to the date of that’s months relevant Auction. It is the bidder’s responsibility to check that the form is received by telephoning the Auctioneers office. 3. The bidder shall be deemed to have read the ‘Important Notice’ to be read by all bidder’s, particulars of the relevant lot in the catalogue and the General and Special Conditions of Sale. The prospective purchaser shall be deemed to have taken all necessary professional and legal advice and to have made enquires 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 of the Auction. 4. In the case of telephone bids attempts will be made to contact the bidder by telephone and if successful, the bidder may then compete in the bidding. UP TO THE MAXIMUM OF THE AMOUNT AUTHORISED IN THE COMPLETED AUTHORITY FORM. 5. In the event that the proposed bidder cannot be contacted or communication breaks down, or there is any confusion or disruption, the Auctioneers will bid/continue to bid on behalf of the bidder up to the maximum of the authorisation. 6. In the case of written bids the Auction staff will compete in the bidding up to the maximum of the authorisation.

8. In the event that the telephone/written bid is successful the Auctioneer will sign the Memorandum of Contract on behalf of the bidder as a Contract would have been formed on the fall of the hammer. 9. In the event of a Contract, the deposit monies will be applied so far as necessary to meet the requirement for a 10% deposit. (or minimum £1,000 or £2,000 as applicable). In the event that the bidder is unsuccessful in gaining the contract, the deposit monies shall be returned to the bidder promptly. 10. Once delivered to the Auctioneers, the authority to bid is binding on the bidder up to 9.00 pm 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. 11. The authority can only be withdrawn by notification in writing delivered to the offices of Seel & Co., 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 Auctioneers in the Auction room half an hour before the start of the Auction that day. It is the bidders responsibility to obtain a receipt on a copy of the withdrawal notification signed by one of the Auctioneers staff and without such a receipt the authority stands and any successful Contract is binding on the bidder. 12. If the bidder, or the 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 Department staff as empowered under the telephone/ written authority form. The Auctioneers would have no liability whatsoever if the price achieved is the result of this competition in bidding without intervention from other bidders.

7. The right is reserved not to bid on behalf of telephone/ written bidders in the event of any error, doubt, omission or uncertainty of the bid for for any reason whatsoever. No warranty or guarantee is given that a bid will be made on behalf of the bidder and no liability is accepted in this regard.

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


COMMON AUCTION CONDITIONS INTRODUCTION

GLOSSARY

Documents

The common auction conditions have three main sections:

In the conditions wherever it makes sense:

1.

Glossary

This gives special meanings to some words used in the rest of the conditions

singular words can be read as plurals, and plurals as singular words

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 conditions relating to the lot

a ‘person’ includes a corporate body

2.

The conduct of the auction

words of one gender include the other genders

These conditions regulate the conduct of the auction. If you read our catalogue or attend the auction you do so on the basis that you accept them

and where the following words appear in blue they have the specified meanings:

3.

Conditions of sale

If you buy a lot you will sign a sale memorandum under which you agree to be bound by the conditions of sale that apply to that lot. These conditions are:

The date when completion takes place or is treated as taking place for the purposes of apportionment and calculating interest

General conditions that apply to all lots

Any extra general conditions in the catalogue or an addendum

Special conditions that only apply to the lot you are buying (and which may vary the general conditions)

The conditions are legally binding.

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

Actual completion date

Addendum

Extra conditions Any additions to or variations of the conditions that are of general application to all lots General conditions The conditions so headed Interest rate If not specified in the special conditions, 4% above the base rate from time to time of Barclays Bank plc

An amendment or addition to the conditions whether contained in a supplement to the catalogue, a written notice from the auctioneers or an oral announcement at the auction

Lot

Agreed completion date

Old arrears

(a)

the date specified in the special conditions, or

(b)

if no date is specified, 20 business days after the contract date

Arrears due under any of the tenancies that are not ‘new tenancies’ as defined by the Landlord and Tenant (Covenants) Act 1995

but if that date is not a business day the first subsequent business day

Each separate property described in the catalogue or (as the case may be) the property that the seller has agreed to sell and the buyer to buy

Particulars The section of the catalogue that contains descriptions of each lot

Take professional advice from a conveyancer and, in appropriate cases, a chartered surveyor and an accountant

Arrears

Read the conditions

Auction

Inspect the lot

A receiver, administrative receiver or liquidator or a trustee in bankruptcy

The auction advertised in the catalogue

Carry out usual searches and make usual enquiries

Price

Check the content of all available leases and other documents relating to the lot

Auctioneers

The price that the buyer agrees to pay for the lot

The auctioneers at the auction

Ready to complete

Check that what is said about the lot in the catalogue is accurate

Business day

Ready, willing and able to complete: if completion would enable the seller to discharge all financial charges secured on the lot that have to be discharged by completion, then those outstanding financial charges do not prevent the seller from being ready to complete

Arrears of rent and other sums due under the tenancies but unpaid on the actual completion date

Have finance available for the deposit and purchase price

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

Check whether VAT registration and election is advisable.

Buyer

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.

The person who agrees to buy the lot or, if applicable, that person’s personal representatives: if two or more are jointly the buyer all obligations can be enforced against them jointly or against each of them separately

Practitioner

Sale memorandum The form so headed set out in the catalogue in which the terms of the contract for the sale of the lot are recorded Seller

Catalogue

The person selling the lot

The catalogue to which the conditions refer including any supplement to it

Special conditions

Completion Completion of the sale of the lot Conditions This glossary, the conditions for the conduct of the auction, the general conditions, any extra conditions and the special conditions Contract The contract by which the seller agrees to sell and the buyer agrees to buy the lot Contract date The date of the auction or, if the lot is not sold at the auction: (a) the date of the sale memorandum signed by both the seller and 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.

The conditions so headed that relate to the lot Tenancies Tenancies, leases, licences to occupy and agreements for lease and any documents varying or supplemental to them Transfer Includes a conveyance or assignment (and to transfer includes to convey or to assign) TUPE The Transfer of Undertakings (Protection of Employment) Regulations 1981 as modified or re-enacted from time to time VAT Value Added Tax or other tax of a similar nature VAT election an election to waive exemption from VAT in respect of the lot We (and us and our) The auctioneers You (and your) Someone who has a copy of the catalogue or who attends or bids at the auction, whether or not a buyer

property auction catalogue - 7th September 2010, 3pm


THE CONDUCT OF THE AUCTION The Catalogue is issued only on the basis that You accept these conditions relating to the conduct of the Auction. They override all other Conditions and can only be varied if We agree.

OUR ROLE As agents for each Seller we have the authority to: l Prepare the Catalogue from information supplied by or on behalf of each Seller. l Offer each Lot for sale l Sell each Lot l Receive and hold deposits l Sign each Sale Memorandum l Treat a Contract as repudiated if the Buyer fails to sign a Sale Memorandum or pay a deposit as required by the Conditions. Our decision on the conduct of the Auction is final. We may cancel the Auction, withdraw Lots from sale, or alter the order in which Lots are offered for sale. We may also combine or divide Lots. You acknowledge that to the extent permitted by law We owe You no duty of care and You have no claim against Us for any loss.

THE PARTICULARS AND OTHER INFORMATION We have taken reasonable care to prepare Particulars that correctly describe each Lot. However, the Particulars are based on information supplied by or on behalf of the Seller and We are not responsible for errors. The Particulars are for Your information but You must not rely on them. They do not form part of any Contract between the Seller and the Buyer. If We provide any information or a copy of any document We do so only on the basis that We are not responsible for its accuracy.

THE CONTRACT A successful bid is one We accept as such. If You make a successful bid for a Lot You are obliged to buy that Lot on the terms of the Sale Memorandum. The Price will be the amount You bid plus VAT (if applicable). You must before leaving the Auction. l Provide all information We reasonably need from You to enable us to complete the Sale Memorandum including appropriate proof of identity. l Sign the completed Sale Memorandum l Pay the deposit. and if You do not We may either:

BIDDING AND RESERVE PRICES We may refuse to accept a bid. We do not have to explain why. If there is a dispute over bidding We are entitled to resolve it, and Our decision is final. Unless stated otherwise each Lot is subject to a reserve price. If no bid equals or exceeds that reserve price the Lot will be withdrawn from the Auction. The Seller may bid (or ask Us or another agent to bid on the Seller’s behalf) up to the reserve price but may not make a bid equal to or exceeding the reserve price. Where a guide price is given that price is not to be taken as an indication of the value of the Lot or of the reserve price.

l As agent for the Seller treat that failure as Your repudiation of the Contract and offer the Lot for sale again: the Seller may then have a claim against You for breach of contract l Sign the Sale Memorandum on Your behalf. Deposits must be paid by cheque or by bankers’ draft drawn on an Approved Bank in Our favour. The Catalogue states whether We also accept cash, or debit or credit cards. We may retain the Sale Memorandum signed by or on behalf of the Seller until We receive the deposit in cleared funds. If You make a successful bid for a Lot: l You are personally liable to buy it even if You are acting as an agent. It is Your responsibility to obtain an indemnity from the person for whom You are the agent l Where the Buyer is a company You warrant that the Buyer is properly constituted and able to buy the Lot l If the Buyer does not comply with its obligations under the Contract You are personally liable to buy the Lot and must indemnify the Seller in respect of any loss the Seller incurs as a result of the Buyer’s default.

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


GENERAL CONDITIONS OF SALE The general conditions apply except to the extent that they are varied by extra conditions, the special conditions or by an addendum.

3.4

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

3.5

Unless the buyer is already lawfully in occupation of the lot the buyer has no right to enter into occupation prior to completion.

1.

The lot

1.1

The lot, including any rights granted and reserved, is described in the special conditions.

4.

Title

1.2

The lot is sold subject to all subsisting tenancies, but otherwise with vacant possession on completion.

4.1

1.3

The lot is sold subject to all matters contained or referred to in the documents (except financial charges: these the seller must discharge on or before completion) and to such of the following as may affect it, whether they arise before or after the contract date and whether or not they are disclosed by the seller or are apparent from inspection of the lot or from the documents:

Unless general condition 4.2 applies, the buyer accepts the title of the seller to the lot as at the contract date and may raise no requisition or objection except in relation to any matter following the contract date.

4.2

The buyer may raise no requisition or objection to any documents made available before the auction but in relation to any of the documents that is not available before the auction the following provisions apply:

(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 buyer has made them

(i)

anything the seller does not and could not reasonably know about

and where any such matter would expose the seller to liability the buyer is to comply with it and indemnify the seller against liability.

1.4

The seller must notify the buyer of any notices, orders, demands, proposals and requirements of any competent authority of which it learns after the contract date but the buyer must comply with them and keep the seller indemnified.

1.5

The lot does not include any tenant’s or trade fixtures or fittings.

1.6

Where chattels are included in the lot the buyer takes them as they are at completion and the seller is not liable if they are not fit for use.

1.7

The buyer buys with full knowledge of:

1.8

(a)

the documents whether or not the buyer has read them

(b)

the physical condition of the lot and what could reasonably be discovered on inspection of it, whether or not the buyer has inspected it.

The buyer is not relying on the information contained in the particulars or in any replies to preliminary enquiries but on the buyer’s own verification of that information. If any information is not correct any liability of the seller and any remedy of the buyer are excluded to the extent permitted by law.

2.

Deposit

2.1

The amount of the deposit is the greater of:

2.2

(a)

any minimum deposit stated in the catalogue (or the total price, if this is less than that minimum), and

(b)

10% of the price exclusive of VAT.

4.4

if the lot is registered land the seller is to give to the buyer within five business days of the contract date an official copy of the entries on the register and title plan and of all documents noted on the register that affect the lot

(b)

if the lot is not registered land the seller is to give to the buyer within 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 15 years old) and must produce to the buyer the original or an examined copy of every relevant document

(c)

the buyer has no right to object to or make requisitions on any title information more than seven business days after that information has been given to the buyer.

Unless otherwise stated in the special conditions the seller sells with full title guarantee except that: (a)

all matters recorded in registers open to public inspection are to be treated as within the actual knowledge of the buyer and

(b)

any implied covenant as to compliance with tenant’s obligations under leases does not extend to the state or condition of the lot where the lot is leasehold property.

If title is in the course of registration title is to consist of certified copies of: (a)

the documents sent to the Land Registry

(b)

the application to the Land Registry

and a letter under which the seller or 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.

4.5

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

4.6

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

5.

Transfer

5.1

Unless a form of transfer is set out in the special conditions: (a)

the buyer must supply a draft transfer to the seller at least ten business days before the agreed completion date and the engrossment (signed as a deed by the buyer if condition 5.2 applies) five business days before that date or (if later) two business days after the draft has been approved by the seller and

(b)

the seller must approve or revise the draft transfer within five business days of receiving it from the buyer.

5.2

If the seller remains liable in any respect in relation to the lot (or a tenancy) following completion the buyer is specifically to covenant in the transfer to indemnify the seller against that liability.

The deposit: (a)

must be paid to the auctioneers by cheque or banker’s draft drawn on a UK clearing bank or building society (or by such other means of payment as they accept)

5.3

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

(b)

is to be held as stakeholder unless the special conditions provide that it is to be held as agent for the seller.

6.

Completion

6.1

Completion is to take place at the offices of the seller’s conveyancer, or where the seller may reasonably require, on the agreed completion date. The seller can only be required to complete on a business day and between the hours of 0930 and 1700.

6.2

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

6.3

Payment is to be made in pounds sterling and only by:

2.3

Where the auctioneers hold the deposit as stakeholder they are authorised to release it and any interest on it to the seller on completion or, if completion does not take place, to the person entitled to it under the conditions.

2.4

If a cheque for the deposit is not cleared on first presentation the seller is entitled to treat the contract as at an end and bring a claim against the buyer for breach of contract.

2.5

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

3.

Transfer of risk and insurance

3.1

From the contract date the seller is under no obligation to insure the lot and the buyer bears all risk of loss or damage unless:

3.2

4.3

(a)

(a)

the lot is sold subject to a tenancy that requires the seller to insure the lot or

(b)

the special conditions require the seller to insure the lot. must produce to the buyer on request relevant insurance details

(b)

must use reasonable endeavours to maintain that or equivalent insurance and pay the premiums when due

(c)

gives no warranty as to the adequacy of insurance

(d)

must, at the request of the buyer, use reasonable endeavours to have the buyer’s interest noted on any insurance policy that does not cover a contracting purchaser

(e)

must, unless otherwise agreed, cancel the insurance at completion

(f)

is to hold in trust for the buyer any insurance payments that the seller receives in respect of loss or damage arising after the contract date

direct transfer to the seller’s conveyancer’s client account and the release of any deposit held by a stakeholder.

6.4

Unless the seller and the buyer otherwise agree completion takes place when both have complied with their obligations under the contract and the total payment is unconditionally received in the seller’s conveyancer’s client account.

6.5

If completion takes place after 1400 hours for a reason other than the seller’s default it is to be treated, for the purposes of apportionment and calculating interest, as if it had taken place on the next business day.

If the seller is to insure the lot then the seller: (a)

(a) (b)

6.6

Where applicable the contract remains in force following completion.

7.

Notice to complete

7.1

The seller or the buyer may on or after the agreed completion date but before completion give the other notice to complete within 10 business days (excluding the date on which the notice is given) making time of the essence.

7.2

The person giving the notice must be ready to complete.

7.3

If the buyer fails to comply with a notice to complete the seller may, without affecting any other remedy the seller has: (a)

rescind the contract

(b)

claim the deposit and any interest on it if held by a stakeholder

If under a tenancy the seller insures the lot then unless otherwise agreed with the buyer the seller is to pay any refund of premium.

(c)

forfeit the deposit and any interest on it

(d)

resell the lot and

(a)

to the buyer or

(e)

claim damages from the buyer.

(b)

if the special conditions so state, to each tenant in the proportion that the tenant pays premiums under its tenancy, first deducting any arrears of premium due from that tenant.

and the buyer must on completion reimburse to the seller the cost of insurance (to the extent it is not paid by a tenant or other third party) from and including the contract date

3.3

property auction catalogue - 7th September 2010, 3pm


GENERAL CONDITIONS OF SALE continued... 7.4

If the seller fails to comply with a notice to complete the buyer may, without affecting any other remedy the buyer has: (a)

rescind the contract and

(b)

recover the deposit and any interest on it from the seller or, if applicable, a stakeholder.

8.

If the contract is brought to an end

If the contract is rescinded or otherwise brought to an end: (a)

the buyer must return all papers to the seller and appoints the seller its agent to cancel any registration of the contract

(b)

the seller must return the deposit and any interest on it to the buyer (and the buyer may claim it from the stakeholder, if applicable) unless the seller is entitled to forfeit the deposit under general condition 7.3.

9.

Landlord’s licence

9.1

Where the lot is leasehold land and licence to assign is required this condition applies.

9.2

The contract is conditional on that licence being obtained, by way of formal licence if that is what the landlord can lawfully require.

9.3

The agreed completion date is to be not earlier than the date five business days after the seller has given notice to the buyer that the licence has been obtained.

9.4

The seller must:

13.

(b) comply with the landlord’s lawful requirements. 9.6

10.

If within three months of the contract date (or such longer period as the seller and buyer agree) the licence has not been obtained the seller or the buyer may (if not then in breach of any obligation under this condition) by notice to the other rescind the contract at any time before licence is obtained. Rescission is without prejudice to the claims of either seller or buyer for breach of this condition 9. Interest and apportionments

10.1 If the actual completion date is after the agreed completion date for any reason other than the seller’s default the buyer must pay interest at the interest rate on the price (less any deposit paid) from the agreed completion date up to and including the actual completion date. 10.2 The seller is not obliged to apportion or account for any sum at completion unless the seller has received that sum in cleared funds. The seller must pay to the buyer after completion any sum to which the buyer is entitled that the seller subsequently receives in cleared funds. the buyer is liable to pay interest and

(b)

the seller has given notice to the buyer at any time up to completion requiring apportionment on the date from which interest becomes payable.

the buyer is to indemnify the seller against all loss or liability the seller incurs through acting as the buyer requires, or by reason of delay caused by the buyer.

Rent deposits

(a)

observe and perform the seller’s covenants and conditions in the rent deposit deed and indemnify the seller in respect of any breach

(b)

give notice of assignment to the tenant and

(c)

give such direct covenant to the tenant as may be required by the rent deposit deed.

VAT

14.2 Where the special conditions state that no VAT election has been made the seller confirms that none has been made by it or by any company in the same VAT group nor will be prior to completion. 15.

Transfer as a going concern

15.1 Where the special conditions so state the seller and the buyer intend the sale to be treated as a transfer of a going concern and this condition applies. 15.2 The seller confirms that the seller or a company in the same VAT group: (a)

is registered for VAT and

(b)

has, where necessary, made in relation to the lot a VAT election that remains valid.

15.3 The buyer:

10.4 Apportionments are to be calculated on the basis that:

(a)

is registered for VAT, either in the buyer’s name or as a member of a VAT group

(b)

has made, or will make before completion, a VAT election in relation to the lot

(c)

is to give to the seller as early as possible before the agreed completion date evidence of the VAT registration and that a VAT election has been made and notified in writing to HM Revenue and Customs

(d)

must not revoke the VAT election.

(a)

the seller receives income and is liable for outgoings for the whole of the day on which apportionment is to be made

(b)

annual income and expenditure accrues at an equal daily rate assuming 365 days in a year and income and expenditure relating to a period of less than a year accrues at an equal daily rate during the period to which it relates

15.4 The buyer confirms that after completion the buyer intends to:

(c)

(d) 11.

(c)

14.1 Where the conditions require money to be paid the payer must also pay any VAT that is chargeable on that money, but only if given a valid VAT invoice.

10.3 Income and outgoings are to be apportioned at actual completion date unless: (a)

if the seller gives the buyer notice of the seller’s intended act and the buyer does not object within five business days giving reasons for the objection the seller may act as the seller intends, and

13.3 Otherwise the seller must on completion pay and assign its interest in the rent deposit to the buyer under an assignment in which the buyer covenants with the seller to:

14.

(a) promptly provide references and other relevant information, and

(b)

13.2 If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer and, subject to the terms of the rent deposit deed, comply at the cost of the buyer with the buyer’s lawful instructions.

(b) enter into any authorised guarantee agreement properly required. The buyer must:

the seller must comply with the buyer’s reasonable requirements unless to do so would (but for the indemnity in paragraph (c) expose the seller to a liability that the seller would not otherwise have, in which case the seller may act reasonably in such a way as to avoid that liability

13.1 This condition applies where the seller is holding or otherwise entitled to money by way of rent deposit in respect of a tenancy. In this condition ‘rent deposit deed’ means the deed or other document under which the rent deposit is held.

(a) use all reasonable endeavours to obtain the licence at the seller’s expense and 9.5

(a)

where the amount to be apportioned is not known at completion apportionment is to be made by reference to the best estimate then available and further payment is to be made by seller or buyer as appropriate within five business days of the date when the amount is known

and if it does not produce the relevant evidence at least two business days before the agreed completion date, general condition 14.1 applies at completion. (a)

retain and manage the lot for the buyer’s own benefit as a continuing business as a going concern subject to and with the benefit of the tenancies, and

(b)

collect the rents payable under the tenancies and charge VAT on them

15.5 Unless the seller obtains agreement to the contrary from HM Revenue and Customs

rent payable in arrear for a period that includes the day of apportionment is to be apportioned for that period as if paid in advance.

(a)

the seller must on or as soon as reasonably practicable after completion transfer to the buyer all VAT records for the lot and

(b)

the buyer must keep those records available for inspection by the seller at all reasonable times.

Arrears

11.1 The seller retains the right to receive and recover old arrears.

15.6 If, after completion, it is found that the sale of the lot is not a transfer of a going concern then:

11.2 While any arrears due to the seller remain unpaid the buyer must: (a)

try to collect them in the ordinary course of management but need not take legal proceedings, distrain or forfeit the tenancy

(b)

pay them to the seller within five business days of receipt in cleared funds (plus interest at the interest rate calculated on a daily basis for each subsequent day’s delay in payment)

(c)

on request, at the cost of the seller, assign to the seller or as the seller may direct the right to demand and sue for old arrears, such assignment to be in such form as the seller’s conveyancer may reasonably require

(d)

if reasonably required, allow the seller’s conveyancer to have on loan the counterpart of any tenancy against an undertaking to hold it to the buyer’s order

(e)

not release any tenant or surety from liability to pay arrears or accept a surrender of or forfeit any tenancy under which arrears are due; and

(f)

if the buyer disposes of the lot prior to recovery of all arrears obtain from the buyer’s successor in title a covenant in favour of the seller in similar form to this condition 11.

16.

(a)

the seller’s conveyancer is to notify the buyer’s conveyancer of that finding and provide a VAT invoice in respect of the sale of the lot and

(b)

the buyer must within five business days of receipt of the VAT invoice pay to the seller the VAT due and

(c)

if VAT is payable because the buyer has not complied with this condition 15, the buyer must pay and indemnify the seller against all costs, interest, penalties or surcharges that the seller incurs as a result.

Capital allowances

16.1 This condition applies where the special conditions state that there are capital allowances available in respect of the lot. 16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer in connection with the buyer’s claim for capital allowances. 16.3 The value to be attributed to those items on which capital allowances may be claimed is set out in the special conditions. 16.4 The seller and buyer agree:

11.3 Where the seller has the right to recover arrears it must not without the buyer’s written consent bring insolvency proceedings against a tenant or seek the removal of goods from the lot.

(a)

to make an election on completion under Section 198 of the Capital Allowances Act 2001 to give effect to this condition, and

12.

(b)

to submit the value specified in the special conditions to HM Revenue and Customs for the purposes of their respective capital allowance computations.

Management

12.1 This condition applies where the lot is sold subject to tenancies. 12.2 The seller is to manage the lot in accordance with its standard management policies pending completion. 12.3 Unless set out in the special conditions the seller must consult the buyer on all management issues that would affect the buyer after completion, such as an application for licence or a rent review under a tenancy, a variation, surrender, agreement to surrender or proposed forfeiture of a tenancy, or a new tenancy or agreement to grant a new tenancy and:

17.

Maintenance agreements

17.1 The seller agrees to use reasonable endeavours to transfer to the buyer, at the buyer’s cost, the benefit of the maintenance agreements specified in the special conditions. 17.2 The buyer must assume, and indemnify the seller in respect of, all liability under such contracts from the actual completion date.

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


GENERAL CONDITIONS OF SALE continued... 18.

Landlord and Tenant Act 1987

(b)

18.1 This condition applies where the sale is a relevant disposal for the purposes of part I of the Landlord and Tenant Act 1987. 18.2 Unless the special conditions state otherwise the seller warrants that the seller has complied with sections 5B and 7 of that Act and that the requisite majority of qualifying tenants has not accepted the offer. 19.

Sale by practitioner

19.1 This condition applies where the sale is by a practitioner as agent of the seller. 19.2 The practitioner has been duly appointed and is empowered to sell the lot. 19.3 The practitioner and the practitioner’s partners and staff have no personal liability in connection with the sale or the performance of the seller’s obligations. The transfer is to include a declaration excluding the personal liability of the practitioner and of the practitioner’s partners and staff.

23.

in its condition at completion

(b)

whether or not vacant possession is provided

(c)

for such title as the seller may have and

(d)

with no title guarantee.

and the buyer has no right to rescind the contract or any other remedy if information provided about the lot is inaccurate, incomplete or missing.

19.5 Where relevant: (a)

the documents must include certified copies of the charge under which the practitioner is appointed, the document of appointment by the lender and the practitioner’s acceptance of appointment, and

(b)

the seller may require the transfer to be by the lender exercising its power of sale under the Law of Property Act 1925.

19.6 The buyer understands this condition 19 and agrees that it is fair in the circumstances of a sale by a practitioner. 20.

TUPE

20.1 Unless the special conditions state that TUPE applies then the seller warrants that there are no employees whose contracts of employment will transfer to the buyer on completion. 20.2 If the special conditions state that TUPE applies then:

23.2 The seller may continue negotiations or rent review proceedings up to the actual completion date but may not agree the level of the revised rent or commence rent review proceedings without the written consent of the buyer, such consent not to be unreasonably withheld or delayed. 23.3 Following completion the buyer must complete rent review negotiations or proceedings as soon as reasonably practicable but may not agree the level of the revised rent without the written consent of the seller, such consent not to be unreasonably withheld or delayed. 23.4 The seller must: (a)

give to the buyer full details of all rent review negotiations and proceedings, including copies of all correspondence and other papers, and

(b)

use all reasonable endeavours to substitute the buyer for the seller in any rent review proceedings.

23.5 The seller and the buyer are to keep each other informed of the progress of the rent review and have regard to any proposals the other makes in relation to it. 23.6 When the rent review has been agreed or determined the buyer must account to the seller for any increased rent and interest recovered from the tenant that relates to the seller’s period of ownership within five business days of receipt of cleared funds. 23.7 If a rent review is agreed or determined before completion but the increased rent and any interest recoverable from the tenant has not been received by completion the increased rent and any interest recoverable is to be treated as arrears. 23.8 The seller and the buyer are to bear their own costs in relation to rent review negotiations and proceedings. 24.

Tenancy renewals

24.1 This condition applies where the tenant under a tenancy has the right to remain in occupation under part II of the Landlord and Tenant Act 1954 (as amended) and references to notices and proceedings are to notices and proceedings under that Act. 24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not without the written consent of the buyer (which the buyer must not unreasonably withhold or delay) serve or respond to any notice or begin or continue any proceedings.

(a)

the seller has informed the buyer of those employees whose contracts of employment will transfer to the buyer on completion

24.3 If the seller receives a notice the seller must send a copy to the buyer within five business days and act as the buyer reasonably directs in relation to it.

(b)

not less than five business days before the agreed completion date the buyer must confirm to the seller that the buyer has offered to employ those employees on the same terms as, or better terms than, their existing contracts of employment

24.4 Following completion the buyer must:

(c) 21.

Rent reviews

23.1 This condition applies where the lot is sold subject to a tenancy under which a rent review due on or before the actual completion date has not been agreed or determined.

19.4 The lot is sold: (a)

the buyer must covenant with the seller to hold it in accordance with the terms of the tenancies and to indemnify the seller if it does not do so.

the buyer is to keep the seller indemnified against all liability for those employees after completion.

(a)

with the co-operation of the seller take immediate steps to substitute itself as a party to any proceedings

(b)

use all reasonable endeavours to conclude any proceedings or negotiations for the renewal of the tenancy and the determination of any interim rent as soon as reasonably practicable at the best rent or rents reasonably obtainable

(c)

if any increased rent is recovered from the tenant (whether as interim rent or under the renewed tenancy) account to the seller for the part of that increase that relates to the seller’s period of ownership of the lot within five business days of receipt of cleared funds.

Environmental

21.1 This condition only applies where the special conditions so provide. 21.2 The seller has made available such reports as the seller has as to the environmental condition of the lot and has given the buyer the opportunity to carry out investigations (whether or not the buyer has read those reports or carried out any investigation) and the buyer admits that the pricetakes into account the environmental condition of the lot.

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

21.3 The buyer agrees to indemnify the seller in respect of all liability for or resulting from the environmental condition of the lot..

25.

22.

25.1 Available warranties are listed in the special conditions.

Service charge

22.1 This condition applies where the lot is sold subject to tenancies that include service charge provisions.

Warranties

25.2 Where a warranty is assignable the seller must: (a)

on completion assign it to the buyer and give notice of assignment to the person who gave the warranty

(b)

apply for, and the seller and the buyer must use all reasonable endeavours to obtain, any consent to assign that is required. If consent has not been obtained by completion the warranty must be assigned within five business days after the consent has been obtained.

22.2 No apportionment is to be made at completion in respect of service charges. 22.3 Within two months after completion the seller must provide to the buyer a detailed service charge account for the service charge year current on completion showing: (a)

service charge expenditure attributable to each tenancy

(b)

payments on account of service charge received from each tenant

(c)

any amounts due from a tenant that have not been received

(a)

hold the warranty on trust for the buyer

(d)

any service charge expenditure that is not attributable to any tenancy and is for that reason irrecoverable.

(b)

at the buyer’s cost comply with such of the lawful instructions of the buyer in relation to the warranty as do not place the seller in breach of its terms or expose the seller to any liability or penalty.

22.4 In respect of each tenancy, if the service charge account shows that:

(a)

payments on account (whether received or still then due from a tenant) exceed attributable service charge expenditure, the seller must pay to the buyer an amount equal to the excess when it provides the service charge account

(b)

attributable service charge expenditure exceeds payments on account (whether those payments have been received or are still then due), the buyer must use all reasonable endeavours to recover the shortfall from the tenant at the next service charge reconciliation date and pay the amount so recovered to the seller within five business days of receipt in cleared funds

and in respect of payments on account that are still due from a tenant condition 11 (arrears) applies.

22.5 In respect of service charge expenditure that is not attributable to any tenancy the seller must pay any incurred in respect of the period before actual completion date and the buyer must pay any incurred in respect of the period after actual completion date. Any necessary monetary adjustment is to be made within five business days of the seller providing the service charge account to the buyer. 22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure: (a)

25.3 If a warranty is not assignable the seller must on completion:

26.

No assignment

The buyer must not assign, mortgage or otherwise transfer or part with the whole or any part of the buyer’s interest under this contract.

27.

Notices and other communications

27.1 All communications, including notices, must be in writing. Communication to or by the seller or the buyer may be given to or by their conveyancers. 27.2 If a communication is delivered by hand or is otherwise proved to have been received then it is given when delivered or received. If delivered or received after 1700 hours on a business day it is to be treated as received on the next business day. 27.3 If a communication is to be relied on that is not delivered by hand or otherwise proved to have been received it must be sent by first-class registered or recorded delivery post to the address of the person to whom it is to be given as specified in the sale memorandum. Such a communication will be treated as received on the second business day after it has been posted. 28.

Contracts (Rights of Third Parties) Act 1999

The contract is enforceable only by the seller and the buyer and (if applicable) their successors in title and, to the extent permitted by the conditions, by the auctioneers.

the seller must assign it (including any interest earned on it) to the buyer on completion and

property auction catalogue - 7th September 2010, 3pm


GENERAL CONDITIONS OF SALE Applicable to lot 4 of any matters excepted from the effect of registration as the Buyer would have been entitled to if the land had not been registered; and additionally in the case of a leasehold property with a copy of the lease.

INTERPRETATION 1

In these Conditions of Sale and the Special Conditions of Sale:-

1.1

The following expressions shall (unless the context requires otherwise) have the same meaning hereinafter assigned to them that is to say:-

1.1.1 “the Standard Conditions of Sale” means the Standard Conditions of Sale (Fourth Edition) 1.1.2 “the Special Conditions” means the Special Conditions of Sale hereinafter appearing relating to the Property including any terms and conditions relating to the Property referred to in any addendum to these conditions made available for inspection by the Auctioneer (whether or not actually inspected by the Buyer)

5.2

EXISTING INCUMBRANCES 6.1

Where the Special Conditions state the title to be registered the Property is sold subject to and with the benefit of (as appropriate) such of the entries in the Register of the Title Number referred to in the Special Conditions as are not capable of being overreached by a sale by the Seller. A copy of the Official copy of the Registers and title plan having been made available for inspection at the offices of the Seller’s Conveyancers and at the offices of the Auctioneer the Buyer shall be deemed to purchase with full knowledge of the contents thereof whether he has inspected the same or not and notwithstanding any incomplete or inaccurate statements thereof in the Special Conditions and shall raise no requisition or objection with regard thereto.

6.2

Where the Special Conditions state the title to be unregistered the Property is sold and will be conveyed subject to and with the benefit of (as appropriate) any rights easements exceptions reservations agreements declarations covenants conditions and other matters contained mentioned or referred to in the documents specified in the Special Conditions. A copy or abstract of such rights easements exceptions reservations agreements declarations covenants conditions and other matters having been made available for inspection at the offices of the Seller’s Conveyancers and at the offices of the Auctioneer the Buyer shall be deemed to purchase with full knowledge of the contents thereof whether he has inspected the same or not and notwithstanding any incomplete or inaccurate statement thereof in the Special Conditions and shall raise no requisition or objection with regard thereto.

1.1.3 “the Property” means the Property described in the Special Conditions 1.1.4 “the Auctioneer” means the Auctioneer described in the Special Conditions 1.1.5 “the Seller” means Abbey National PLC whose registered office is situate at 2 Triton Square, Regent’s Place, London NW1 3AN. 1.2

“Buyer” shall include the person who signs the attached form of Memorandum on behalf of a company or firm and who shall be bound by these Conditions and Memorandum in his personal capacity in the event of failure by such company or firm to comply with this agreement

1.3

The Clause headings appearing herein are for convenience of reference only and shall not form part of nor affect construction or interpretation of these Conditions of Sale.

CONDITIONS OF SALE 2

These General Conditions of Sale incorporate the Standard Conditions of Sale so far as they are not varied hereby or inconsistent herewith. The Property is also sold subject to the Special Conditions. Where there is a conflict the Special Conditions shall prevail.

2.1

The following Standard Conditions of Sale shall not have effect:- Conditions 2.2.6., 3.1.3.,4.1,. 4.4.2., 4.6.5., 5.1.1, 5.1.2, 6.1.1., 6.3.1., 6.3.2., 6.3.5., 7.1.2., 7.3.3., 8.1.3., 8.3.3. and 10.

2.2

The Standard Conditions of Sale shall have effect with the following amendments:-

DOCUMENTS REFERRED TO 7.1

Where any document is referred to in the Special Conditions copies or abstracts thereof may be inspected at the office of the Seller’s Conveyancers and at the office of the Auctioneer (or may be supplied at the discretion of the Seller’s Conveyancers and on each and every occasion the same are so supplied only on payment of their copying charges) prior to the date of the sale and whether or not the Buyer has inspected the same the Buyer shall be deemed to purchase with full knowledge thereof and shall raise no objection or requisition with regard thereto.

7.2

A copy of the Standard Conditions of Sale having been made available for inspection at the office of the Seller’s Conveyancers and at the office of the Auctioneer the Buyer shall be deemed to purchase with full knowledge of the contents thereof (whether he has inspected the same or not).

2.2.1 The Contract rate shall be 10% above the base rate of Barclays Bank PLC from time to time 2.2.2 The maximum time limit to perform any step in Standard Condition 4.3.1. shall be 3 working days. The same time limit applies to the Buyer’s right to raise requisitions that the Seller has supplied incomplete evidence to its title.

Where the Special Conditions state the title to be unregistered title shall commence with those documents specified in the Special Conditions.

2.2.3 Standard Condition 6.8.2. shall be varied by substituting the word “Ten” with the word “Five”. 2.2.4 The Buyer will effect insurance cover against all risks from the date hereof unless the property is leasehold and the property is insured by the landlord or another third party

CAPACITY OF SELLER

THE AUCTION

8

3.1

The Sale is subject to a reserve price unless otherwise stated.

3.2

The Auctioneer may at his absolute discretion refuse any bid and regulate the bidding in any manner the Auctioneer wishes.

3.3

If there is a dispute about a bid the Auctioneer may resolve the dispute or re-start the auction at the last undisputed bid. The Auctioneer’s decision in the event of a dispute is final.

3.4.1 For the avoidance of doubt this contract shall become binding when the Auctioneer knocks down the Property to the Buyer. The Buyer shall be required to pay a deposit and sign a Memorandum of Sale stating his name and address or the name and registered address of the person or limited company on whose behalf he is acting save that signature of such Memorandum of Sale or payment of a deposit shall not be a precondition of entering into a binding contract. A letter of authority will be required to be produced to the Auctioneer when signing on behalf of a Buyer. 3.4.2 If the Buyer refuses to sign the Memorandum of Sale or pay a deposit the Auctioneer reserves the right to re-offer the property for sale as if it had not been knocked down or at the Auctioneer’s option sign the Memorandum of Sale on behalf of the Buyer. 3.5

The Auctioneer reserves the right to sell the Property in separate lots.

3.6

The Auctioneer or some other person authorised by the Auctioneer may bid both up to and over the reserved price.

DEPOSIT 4.1

A deposit of ten per cent of the purchase price shall be paid to the Auctioneer as agent for the Seller. A minimum deposit of £2000 shall be paid.

4.2

In the event that any cheque given as the Deposit shall be dishonoured upon presentation or the Buyer fails to pay the Deposit on the date hereof then without notice the Seller shall if it so chooses have the right to deem the conduct of such Buyer as repudiation of the Contract between the Buyer and the Seller and the Seller may resell without notice and/or take steps which may be available to it as a consequence of the Buyer’s breach but without prejudice to any claims it may have against the Buyer for breach of the Contract between the parties or otherwise.

Subject to the terms of these General Conditions of Sale, the Standard Conditions of Subject Sale and the Special Conditions of Sale the Seller is to transfer the Property with limited title guarantee.

POSSESSION 9

Vacant possession of the Property shall be given to the Buyer on completion except where stated in the Special Conditions. The Seller shall not clear any items from the property and vacant possession shall be deemed to be given notwithstanding the presence of such items.

COMPLETION 10.1 The completion date (“the Completion Date”) shall be the date specified in the Auctioneer’s Memorandum of Sale signed by or on behalf of the Buyer or if none is specified, the Completion Date shall be 14 days from the date hereof or earlier by arrangement between the parties at or before 1.00 pm and if completion shall take place after that time completion shall be deemed to have taken place on the next working day. Completion shall not be deemed to have taken place until the funds are received by the Seller’s Conveyancers bank. Standard Conditions 6.1.2. and 6.1.3. shall be varied accordingly. 10.2 If completion would otherwise take place on a Public Holiday under the provisions of this clause completion shall take place on the working day immediately before such Public Holiday. 10.3 The Seller’s Conveyancers shall provide an executed engrossed Transfer in the form of the Land Registry TR2, with limited title guarantee, on completion. The Buyers shall pay the Sellers fees of £30.00 including VAT. It is the responsibility of the Buyer’s Conveyancers to furnish the Seller’s Conveyancers with the Buyer’s full names in sufficient time for the Transfer to be executed prior to completion. 10.4 The Seller shall be entitled to decline to transfer the property to any person other than the Buyer. 10.5 On the Completion Date the Buyer shall in addition to the balance of the purchase monies and any other sums due to the Seller together with interest thereon pay any fees disbursed by the Seller in respect of the local search and any other searches or documents which have been supplied to the Buyer.

DEDUCING TITLE

PLANNING PUBLIC RIGHTS LOCAL LAND CHARGES ETC

5.1

11.1 The Property is sold subject to all matters registered or registerable (whether registered or not) in any Local Land Charges Register and the requirements orders notices proposals demands and requests of any Public or Local Authority which affect or relate to the Property whether arising before or after the date hereof and all the financial and other restrictions liabilities and obligations arising therefrom.

“The evidence of registered title is :official copies of the register and of any title plan and copies or abstracts of any documents or any part thereof noted on the register so far as they respectively affect the land to be dealt with (except charges or incumbrances registered or protected on the register which are to be discharged or overridden at or prior to completion) provided that nothing shall give the Buyer a right to a copy or abstract of a settlement filed at the Land Registry; and copies abstracts and evidence (if any) in respect of any subsisting rights and interests appurtenant to the registered land as to which the register is not conclusive, and

11.2 For the purpose of Section 6(2)(a) of the Law of Property (Miscellaneous Provisions) Act 1994 all matters recorded in registers open to public inspection are to be considered within the knowledge of the Buyer.

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


GENERAL CONDITIONS OF SALE Applicable to lot 4 to the other shall be capable of being treated as forming part of this agreement or as an inducement by the Seller to the Buyer to enter into this agreement or as a collateral warranty in relation to the subject matter hereof or the grounds upon which the Buyer shall base any claim against the Seller but such agreement and acknowledgement shall not extend to the written replies of the Seller’s Conveyancers to any enquiries before contract raised by the Buyer’s Conveyancers.

PROPERTY 12.1 If the Property is subject to the payment of rent, chief rent, ground rent, service charge, insurance premium or any other sums properly payable by the Seller whether under the lease of the Property (“the Lease”) or howsoever arising the Seller shall use reasonable endeavours to obtain details of any such sums prior to the Completion Date and will deliver to the Buyer such receipts acknowledgements or accounts as the Seller is reasonably able to obtain and the Seller shall be responsible for any such sums which relate to a period prior to the Completion Date provided that demands for such sums are received by the Seller prior to the Completion Date BUT IT IS HEREBY AGREED (subject to paragraph 12.2 of this condition) that the Seller shall not be responsible for any sums for which demands are received after the Completion Date whether or not they relate to a period prior to the Completion Date. The Buyer shall not be entitled to delay completion on the grounds that the Seller’s Conveyancers are unable to produce a clear ground rent receipt. 12.2 Where interim service charge payments are paid on account under the terms of the Lease and final accounts are made up after the end of an accounting period and it is anticipated that there shall be a deficit or a surplus in the account giving rise to a liability for excess service charge or an entitlement to a credit on the account (as the case may be) then an apportionment shall be made according to the best estimate available. 12.3 Any apportionment made under paragraphs 12.1. and 12.2. of this condition shall be final and binding upon the parties (and if no apportionment is made it shall be deemed to be an apportionment for the purposes of this condition) and the Buyer shall indemnify the Seller in respect of all proceedings actions claims demands and other liability (whether arising before or after completion) for the sums referred to in this condition and all other obligations whatsoever arising in respect of or in connection with the Property and whether arising under the Lease or otherwise. 12.4 All apportionments are to be made with effect from the Completion Date. 12.5 Any sums paid in advance in respect of future work not commenced by the Completion Date or which are held in a general sinking fund shall be reimbursed to the Seller on completion and any sums to be paid after the Completion Date shall be the responsibility of the Buyer. 12.6 If the Licence to Assign is not in the possession of the Seller’s Conveyancers at the Completion Date then completion shall take place within ten working days after the Seller’s Conveyancers have notified the Buyer’s Conveyancers in writing that the Licence to Assign is in their possession. If the Licence to Assign has not come into the possession of the Seller’s Conveyancers within two months of the Completion Date either party shall be entitled to rescind the Contract by serving notice in writing on the other party or their Conveyancers and the Seller shall (whether the Licence to Assign is not in the possession of the Seller’s Conveyancers for any reason other than due to the default of the Seller or the Seller’s Conveyancers or the party under the Lease entitled to grant the Licence to Assign) be entitled to forfeit and keep the deposit and accrued interest. 12.7 The Buyer shall enter into any Licence to Assign Deed of Covenant or any other document which may be required by any term of the Lease under which the property is held to be entered into by any proposed Assignee or Transferee with any party to the Lease or as referred to therein and all costs of whatsoever nature in complying with such requirements shall be the responsibility of the Buyer. 12.8 No express or implied covenant is given by the Seller to the Buyer that there is no subsisting breach of any conditions or tenant’s obligation contained within the Lease and the Transfer to the Buyer shall contain an acknowledgement on behalf of the Buyer to this effect. 12.9 The Buyer shall within five working days of the date hereof supply to the Seller’s Conveyancers such references and details of referees as may be required to enable the Seller to apply for a Licence to Assign where this is necessary. COSTS UPON SERVICE OF NOTICE TO COMPLETE 13

SALE BY PRIVATE TREATY 17.1 The Seller reserves the right to withdraw the Property from sale at any time before the auction (whether on the scheduled date hereof or before) or before the same is actually sold in auction. 17.2 The Seller reserves the right to sell any part of the Property by private treaty before the auction. 17.3 The Seller reserves the right to alter or add to the particulars of sale relating to the Property and the Special Conditions at any time prior to the sale. NOTICES TO PROSPECTIVE BUYERS 18.

The Buyer shall be deemed to have fully considered and to have full knowledge of and to have accepted the items set out at the front of this catalogue and described “notices to prospective purchaser”.

18.2 The Buyer hereby declares that he is not a staff member of the Seller any subsidiaries or the Auctioneer or the Seller’s Conveyancers or the agents selling the Property nor related to such either by blood or by marriage. 18.3 Delivery of a Memorandum of Sale for the Property signed for or on behalf of the Buyer together with a draft and/or cheque in respect of the deposit for the Property shall constitute a Warranty and undertaking by the Buyer and the persons (if any) signing on behalf of the Buyer 18.3.1 That the persons (if any) so signing on behalf of the Buyer have the express authority so to sign and to bind the Buyer. 18.3.2 That the cheque and/or draft will be paid on first presentation and such payment will be made within not more than five days after presentation. 18.3.3 That such delivery is unconditional. FIXTURES AND FITTINGS 19

The following are expressly excluded from the sale:-

19.1 Chattels 19.2 Any fixtures and fittings subject to any lien or hire purchase loan or credit agreement. 19.3 The Seller does not own any chattels that may be at the property. Any such chattels may be removed before completion, but not by the Buyer. If there are any such chattels in the property at completion, the Seller does not purport to sell them and does not give any title guarantee in respect of them. The Seller, however, shall not be liable to remove them before completion. 19.4 Any security shuttering fixed to the exterior or interior of the property is not the property of the Seller and is not included in the sale. VAT 20

Except where stated otherwise in the Special Conditions of Sale Value Added Tax will not be chargeable on the amount of the purchase price.

RIGHTS OF THE AUCTIONEER 21

The Auctioneer shall be under no financial liability in respect of any matters rising out of the auction of the Particulars of Sale or in the Conditions of Sale. No claims shall be made against the Auctioneer by the Buyer in respect of any loss damage or claims suffered by or made against the Buyer reason of the Buyer entering into the contract to purchase or acquire any interest in the Property.

In the event that due to the Buyer’s failure to complete on the Completion Date the Seller’s Conveyancers serve a Notice to Complete under Standard Condition 6.8. the Buyer shall pay on completion (in addition to the balance of purchase monies and any other sums due to the Seller together with interest thereon) the sum of £125.00 plus VAT towards the Seller’s legal costs of and incidental to the preparation and service of the said Notice and recalculation of the amount payable on completion.

FURTHER ASSURANCE 14.1 The covenant implied by paragraph (1)(b) of Section 2 of the Law of Property (Miscellaneous Provisions) Act 1994 is hereby limited so that any costs incurred by the Seller in complying with the said paragraph shall be the responsibility of the Buyer. 14.2 The words “at his own cost” in Section 2(1)(b) of the Law of Property (Miscellaneous Provisions) Act 1994 are replaced by the words “at the Buyer’s cost”. DISCHARGE OF CONTRACT 15

If the Seller shall become free to resell the Property whether by reason of the discharge or recission of this contract or otherwise the Buyer shall forthwith on demand (if not before) effect the cancellation of any entry against the Property with regard to this contract which may have been made whether under the Land Charges Act 1972 and/ or in the Registers of Title referred to in the Special Conditions of Sale pursuant to the Land Registration Act 1925 (as the case may be) and shall indemnify the Seller against all losses or expenses occasioned by a failure to effect such cancellation.

MISREPRESENTATION 16

It is hereby agreed between the parties hereto that this agreement constitutes the entire agreement between the parties hereto for the sale and purchase of the Property and that it may only be varied or modified in writing and that no representation warranty or statement whether written oral or implied hereto made by or on behalf of one party

property auction catalogue - 7th September 2010, 3pm


DATE OF NEXT AUCTION 26TH OCTOBER 2010  CLOSING DATE FOR ENTRIES 29TH SEPTEMBER 2010

OFFERS ■ Only Pre Auction offers above the top guide price will be submitted to our clients.

■ Pre Auction bids are on the basis of immediate exchange of Auction Contracts upon acceptance by the vendor.

■ Any offer will be assumed to be your best and final offer and we cannot guarantee that you will be invited to increase your bid in the event of an alternative, satisfactory offer being received prior to exchange.

FOR FREE AUCTION APPRAISAL TO ENTER A PROPERTY TO AUCTION Please contact

■ Wendy Jones ■ Mansel Edmunds ■ Eleanor Byrne ■ Kristy Perry ■ Penny Cody

(029) 2037 0116 (029) 2037 0117 (029) 2037 0117 (029) 2037 0104 (029) 2037 0122

FOR MORE INFORMATION ON ANY OF THE ABOVE Telephone: Fax: Email: Or call in at our office :

(029) 2037 0117 (029) 2023 7544 auctions@rhseel.co.uk R H Seel & Co The Crown House Wyndham Crescent Canton Cardiff CF11 9UH

RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk


MEMORANDUM OF CONTRACT

AGREEMENT DATE:

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LOT NO:

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PROPERTY:

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PURCHASERS NAME:

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ADDRESS:

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_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ POST CODE: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

TEL NO:

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I /We do acknowledge that we have this day purchased the property described in the attached particulars and subject to the foregoing conditions. having paid to the Auctioneers a deposit of: £_ _ _ _ _ _ _ _ _ _ _

for the sum of: £_ _ _ _ _ _ _ _ _ _

(in words _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ )

I/We hereby agree to pay the balance and to complete the purchase according to particulars, general and special conditions of sale applicable to all or individual lots. COMPLETION DATE:

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SIGNED BY OR ON BEHALF OF PURCHASER: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ NAME OF SIGNATORY:

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PURCHASE PRICE:

£ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

DEPOSIT:

£ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (Plus Buyers Premium of £250 plus VAT)

BALANCE PAYABLE:

£ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

VENDOR:

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SIGNED AS AGENTS FOR VENDOR(S):

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PURCHASERS SOLICITOR’S:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ADDRESS:

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_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ POST CODE: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

TEL NO:

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F.A.O

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DULY AUTHORISED TO ACCEPT NOTICES FOR PURPOSE OF THIS CONTRACT.


al

eo

ABERDULAIS 43

40

TONYPANDY

A4119

A4061

41

PORTH

A4058

PONTYPRIDD

A4233

A470(T)

39 38

A449

26

• Building PYLE Surveys M4

LLANTRISANT

• Estate Agency

35

M4

34

A48

COWBRIDGE

• Homebuyer Reports

24

29 a

A

A48

33

A48

CARDIFF

A4232

M5

A48 20

T W AY E

AS

PARK INN HOTEL

RC

LE

• Property Auctions

CI

LLANEDERYN INTERCHANGE

A48 RD

E ST

RN

A4232

AV EN UE

LL

SOUTHERN WAY

N RY

DE

E AN

EA

• Residential & Commercial Agency

CALDI

A4

• Portfolio Management

• Residential & Commercial Property Management

23

8

30

BARRY

• Rent Review/Lease Renewal

M4

NEWPORT

28

32

BRIDGEND

25

29

36

37

25 a

27

CAERPHILLY A48

CHEPST

A4042

A4051

A468

A4 73

PORT TALBOT

A472

A469

41

BLACKWOOD Va l le y

• Blocks of Flats Management A4063

42 42

dd a

2 A47

A 4 67

A

Rh on

A41 07

4

A4 72

A470(T)

061 A4

V

Park Inn Cardiff Circle Way East Llanedeyrn Cardiff CF23 9XF Tel: 029 2058 9988

• Schedules of Dilapidations • Surveys & Valuations

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R H Seel Auction Catalogue