Catalogue February 2012 - Correct version

PROPERTY AUCTION
CATALOGUE
Wednesday 1st February 2012
at 7.00 pm
at
The Allesley Hotel, Allesley Village,
Coventry CV5 9GP
(SUBJECT TO PRIOR SALE AND CONDITIONS)
DOORS OPEN AT 6PM
Loveitts support Zoe’s Place www.zoeswww.zoes-place.org.uk
17/1/2012
LOT
LOT
1
PROPERTY
175 HEARSALL LANE,
EARLSDON, COVENTRY CV5
CV5 6HJ
2 bedroom plus box room, mid terrace.
Part double glazing. In need of
modernisation. Sought after location.
.
LOT
PROPERTY
LOT
32 RUGBY ROAD,
BULKINGTON CV12 9JG
2
GUIDE PRICE: £85,000£85,000-£90,000
LOT
3
GOLD HOUSE, WHITACRE ROAD,
NUNEATON CV11 6BY
Detached Freehold two storey office
building with parking. Flexible
accommodation, near to Nuneaton Town
Centre. Approx 1706 sq ft.
GUIDE PRICE: £180,000£180,000-£190,000
LOT
4
GUIDE PRICE: £30,000£30,000-£35,000
LOT
5
94 WEBB STREET,
STOCKINGFORD, NUNEATON CV10 8JG
3 bedroom mid terrace with double
glazing and gas central heating.
In need of some re-decoration.
IDEAL INVESTMENT.
7
419 WALSGRAVE ROAD,
COVENTRY CV2 4AH
3 bedroom mid terraced property,
double bayed, with gas central heating
and double glazing. Ready to move in.
LOT
6
9
9 ALDER ROAD,
LONGFORD, COVENTRY CV6 7DN
3 bedroom, double bayed terrace. With
double glazing and gas central heating.
Popular residential location.
IDEAL INVESTMENT.
LOT
8
11
LAND ADJ TO 181 OLD CHURCH ROAD,
LITTLE HEATH, COVENTRY CV6 7DZ
Land with planning permission for a 3
storey 5 bedroom detached house.
Corner plot in sought after North
Coventry location. Size 0.115 acres.
LOT
10
13
THE PAXTON LODGE,
QUARRYFIELD LANE, COVENTRY CV1 2JT
Grade II Listed, detached property,
former gatehouse, circa 1847. Currently
used as office premises, extending to
approx 152.38 sq m, (1640 sq ft). Close to
city centre, easy access to A46 and M40.
GUIDE PRICE: £135,000
LOT
15
28 WHITCHURCH WAY,
CANLEY, COVENTRY CV4 8DG
3 bedroom, semi detached, in need of
complete renovation. Sought after
location. Within easy reach of
University. Can be sold prior to Auction.
GUIDE PRICE: £59,000
3 bedroom, single bayed, mid terrace,
with double glazing and gas central
heating (not tested). Off road parking.
Ideal Investment.
31 RECREATION ROAD,
LONGFORD, COVENTRY CV6 7AW
Semi detached cottage, extended to
provide large living area. Currently 2
bedrooms plus ensuite and w.c. Potential for
conversion to 3 bed (subject to
consents). Overlooking park to rear.
25 SOUTHPORT CLOSE,
WHITLEY, COVENTRY CV3 4DU
2 bedroom maisonette, ground floor with
garage, gas central heating (not tested), double
glazing. Off road location with open views to
front. Leasehold. IDEAL INVESTMENT.
GUIDE PRICE: £58,000£58,000-£62,000
LOT
12
29 OLD WINNINGS ROAD,
KERESLEY CV7 8JL
3 bedroom extended semi detached with
larger than average garden to side and
rear. 2 reception rooms, gas central
heating, mostly double glazed.
GUIDE PRICE: £85,000
GUIDE PRICE: £42,000
LOT
135 SULLIVAN ROAD,
WYKEN, COVENTRY CV6 7JU
GUIDE PRICE: £69,000
GUIDE PRICE: £85,000£85,000-£90,000
LOT
Freehold retail unit with A5 planning
permission (hot food). Approx 784 sq ft,
in popular residential location. Rear
service yard. Off road parking spaces to
the front forecourt.
GUIDE PRICE: £98,000
GUIDE PRICE: £120,000
LOT
9 TRAFFORD DRIVE,
NUNEATON CV10 9LP
GUIDE PRICE: £55,000£55,000-£60,000
GUIDE PRICE: £70,000
LOT
Link detached house with planning
permission for conversion to 6 bedroom
home. 'Log Cabin' style annex to rear.
Unfinished project in need of completion.
Sought after village location.
LOT
14
1 BEXFIELD CLOSE,
ALLESLEY VILLAGE, COVENTRY
COVENTRY CV5 9BG
End terraced bungalow, "Scandinavian
style". 3 bedrooms and conservatory with
car port and driveway. Gas central heating.
In need of some improvement.
GUIDE PRICE: £125,000£125,000-£135,000
LOTS NOW BEING TAKEN FOR
MARCH 2012 AUCTION.
FOR FREE APPRAISAL PLEASE
CALL ON
024 76 527789
FOR MORE DETAILED INFORMATION
ON ALL OF THE LOTS, INCLUDING LEGAL PACKS CALL: 02476 527789 OR
VISIT: www.loveitts.co.uk
IMPORTANT INFORMATION FOR BIDDERS
THE MONEY LAUNDERING REGULATIONS 2007
In order to comply with these Regulations, on the night of the auction, all buyers will have to provide:1. Proof of Identity – either:
or
or
1.
2.
3.
Current signed passport
Current full UK EU photo card driving licence, NOT a provisional driving licence.
Inland Revenue Tax notification
2. PLUS Proof of Address – either:
1.
or
2.
Utility bill issued within the last three months (gas, electricity, council tax,
telephone, water rates but not mobile phone).
Bank or Building Society statement
PLUS: Your cheque book in order to pay the 10% deposit plus the buyer’s premium, see below
for amount. (Credit
Credit or Debit card payments are not acceptable).
In addition if a bidder is acting as an Agent on behalf of another party they will be required to
provide the documents detailed above for both themselves and the principal as well as providing
a valid letter of authority from the principal authorising them to bid on their behalf. Failure to
comply with the above could invalidate your bid and purchase of any Lot.
BUYER’S PREMIUM (To be paid along with the 10% deposit)
Guide Price up to £40,000
Guide Price £40,001 – £250,000
Guide Price £250,001 +
Buyers Premium £300 + VAT
Buyers Premium £395 + VAT
Buyers Premium £500 + VAT
NEXT AUCTION 28TH MARCH
MARCH 2012
Important Notice to be read by all Bidders - BUYING AT AUCTION
The attention of prospective purchasers is drawn to the general and special conditions of sale which are available for inspection at the
office of the Vendors Solicitors and at the office of the Auctioneers.
Prospective purchasers shall be deemed to have inspected the relevant property. The vendor’s solicitors will normally provide a contract
pack including the usual necessary searches and enquiries with all relevant authorities and other bodies. This is available for inspection at
the Estate Agents offices, during normal business hours. It is advisable to arrange for a survey of the property prior to the Auction.
As soon as the Auctioneers gavel falls on a bid, the successful bidder is under a binding contract to purchase the relevant property. The
purchaser is immediately at risk in relation to the property and should therefore have confirmed bank or building society finance arranged
(if required) and will also be deemed to have made prior arrangements for any insurance cover that is required (See footnote)
On a property being knocked down, the successful bidder must immediately present to the Auctioneers Clerk his name and address and if
appropriate, the name and address of the person or company on whose behalf he has been bidding, also the forms of identification
requested concerning the Money Laundering Act 2007 – this information is detailed separately.
The successful bidder must sign and exchange contracts with the Vendors Solicitors prior to leaving the room and at the same time pay to
the Solicitor a deposit of 10% of the purchase price plus the Buyers Premium (see over page for more details). In default of any of the
above, the Auctioneer shall be entitled as Agent for the Vendors, to treat the failure or default as repudiation and rescind the contract.
Thereafter the Auctioneer shall be entitled to re-submit the property for sale and if a successful bidder does not pay a deposit and/or
complete the memorandum the Vendor reserves the right to claim any loss he suffers as a result.
The Vendor has a right to sell before Auction or withdraw the Lot and neither the Auctioneer nor the Vendor is responsible for any abortive
costs, loss or damages of a prospective purchaser. Information as to pre-sale or withdrawal of a Lot can be obtained from enquiry of the
Auctioneers at any time prior to the Auction but valid only up to the time of enquiry.
Prospective purchasers are strongly advised to check these particulars as to measurements, areas and all other matters to which the properties
are expressed to be subject or have the benefit of and in respect of any contents, fixtures and fittings, expressed to be included in the sale by
making an inspection of the property and all the necessary enquiries with Loveitts, the Vendor, the Vendor’s professional advisors and all other
appropriate authorities. All measurements and areas referred to in these Particulars are approximate only.
All location plans published in the particulars of sale are to enable prospective purchasers to locate the property only. The plans are
photographically reproduced and therefore not to scale and are not intended to depict the interest to be sold but are for identification
purposes only. The boundary lines and numbers on the photographs are again only to enable prospective purchasers to locate the property
and are not intended to depict the interest to be sold. Purchasers are advised to view the special conditions in respect of the precise
interest to be conveyed.
Any guide prices or any estimates or values mentioned in negotiations or discussions with the Auctioneers or any of their representatives
cannot be relied upon by a prospective purchaser as representing professional valuations for any purpose in accordance with the
requirements on guidance notes of relevant professional bodies or other authorities. In all respects prospective purchasers are deemed to
have relied upon their own knowledge or the advice of their own professional or other advisors. Also the reserve price may in some
instances exceed the quoted Guide Price.
Bids may be refused at the Auctioneers’ discretion. The Auctioneers reserve the right to bid on behalf of the vendor up to the reserve.
Inspection of investment properties is by courtesy of the tenant. Inspection of properties with vacant possession only by arrangement with
the Auctioneers. Interested parties should ring the office to discuss viewing arrangements or book keys before making their journey.
The dimensions and/or areas shown in this catalogue are intended to be accurate to within +/- 5% of the figure shown. If greater accuracy
is required we advise intending purchasers to carry out check measuring.
Properties sold at auction are not normally cleared of furniture and effects on completion.
PROPERTY INSURANCE
Once the hammer falls at a Property Auction, the purchaser becomes liable for the insurance of the property he has purchased.
CONDITIONS OF SALE
The Lots will, unless previously withdrawn, be sold subject to the Special and General Conditions of Sale which have been settled by the
Vendors’ Solicitors. These Conditions may be inspected during the usual office hours at the offices of the Vendors Solicitors mentioned in
these particulars during the five days (exclusive of Saturday and Sunday) immediately before and exclusive of the day of the Sale. The
Conditions may also be inspected in the Sale Room at the time of the Sale, but they will NOT then be read. The Purchaser shall be deemed
to bid on those terms, whether he shall have inspected the Conditions or not.
MISREPRESENTATION ACT 1967
The Agents for themselves and for the Vendors of these Lots, whose Agents they are, give notice that:
These Particulars do not constitute any part of an offer, or a contract All the statements contained in these particulars as to the Lots are
made without responsibility and are not to be relied on as statements or representations of fact and they do not make or give any
representations or warranty whatsoever in relation to these Lots. Any intending Purchaser must satisfy himself by inspection or otherwise
as to the correctness of each of the statements contained in these Particulars.