Properties under the Hammer A5 brochure

AUCTION CATALOGUE

AUCTION CATALOGUE Public Auction 21st November 2016 MARRIOTT HOTEL, METRO CENTRE, NE11 9XF Register to bid: 6:30 pm Auction starts: 7:00 pm

LOT 1

0191 226 1035

www.propertiesunderthehammer.com

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

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AUCTION CATALOGUE

Buyers Guide Buyers Guide to Property Auctions

Terms and conditions

The buyer should endeavour to check all the sale particulars, plans and condition of property, searches, boundaries, leases, measurements, locations, photographs. All measurements and distances are referred to are approximate.

Option 1: On the fall of the gavel contracts are exchanged and the buyer must pay £3,500 or 3% (plus vat) whichever is greater and a £1,500 fee as a property deposit. Completion must occur in 28 days.

Prior to the auction legal packs are available and we would recommend buyers and legal representatives to view any special conditions of sale.

Guide Price

Option 2: On the fall of the gavel buyers must pay a £3,500 or 3% (plus vat) whichever is greater and a £1,500 fee as a property deposit. Exchange of contracts to occur within 28 days and completion in a further 14 days.

All properties are subject to a reserve and guide price. The guide price is where the bidding will commence. The reserve price is the seller’s minimum price at auction at which the property will sell for.

The reserve price will remain confidential between the seller and auctioneer, and the guide price can be set 10% higher than the reserve price. The guide price and reserve price can be subject to change up to and including the day of auction. Price comparable and rental incomes are deemed fair and used as a guide only and cannot be guaranteed.

Ways to Bid At Auction The bidding is conducted in a user friendly way by way of a bidding paddle, by phone or by proxy.

1. Telephone bidding is very simple, you bid on the telephone during the auction. A member of properties Under The Hammer will contact you a few minutes prior to the property of interest being offered for sale. We will repeat the auctioneer’s word to you and you will instruct us as to how much you wish to bid.

The buyer and representatives are advised to read auction terms and conditions, listed in our brochure and online. It’s important to note whilst the catalogue details are described fairly the buyer must be satisfied with the lot prior to bidding.

You will need to complete a remote bidding form to make a proxy or telephone bid. You can find this online or in the auction catalogue.

Payments and Deposits Deposit may be paid by cheque, debit card or bankers draft or by prior arrangement in the client account of the agents property auction. Proof of identity and address is required to enable us to comply with Money Laundering Regulations. Only original documents must be provided, photo copies will not be accepted. We can accept the following -current signed passport, fire arms certificate, current full UK/EU photo card driving license and resident permit issued by the home office to EU nationals.

2. Should you be unable to attend the auction, you can submit a bid in writing and authorise a member of Property Under The Hammer to act as a proxy for you. The bidding is made in increments as the auction progresses and they do not offer your highest amount automatically.

Venue Marriott Hotel, Metro Centre, Gateshead, NE11 9XF Tel – 0191 493 2233

For proof of address a utility bill issued within the last 3 months (not a mobile phone bill). We reserve the right to conduct a soft imprint online identification search on any successful buyer.

Registration: 6.30pm Auction Start: 7.00pm

Sales agreed prior to the auction, at the auction or after the auction, auction terms and conditions apply. Vendors who choose to accept offers prior to the auction have the option to withdraw the property from sale. Buyers should confirm the lot they are interested in is still included in the sale

Directions From South: Take A1/A1M to North, Take exit towards Metro Centre, Turn right onto Hollinside Road, Continue straight onto Pinetree Way, Take next left turn, First left turn again and you have arrived.

From North: Take A1/A1M to South, Take exit towards Metro Centre, Turn right onto Hollinside Road, Continue straight onto Pinetree Way, Take next left turn, First left turn again and you have arrived.

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MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Order of sale Lot

Post Code

Agent

1

Mews Cottage, High St, Rothbury

NE65 7TE

Swayes Estates

2

12 Cotfield Walk Gateshead

NE8 1TG

Amazing results

3

3 Warwick Terrace, Sunderland

SR3 1BP

Jonathan T. Finn

4

16 Salcombe Close, Middlesbrough

TS8 9LZ

Tees Surveyors

5

29 Zetland Road, Middlesbrough

TS13 4PW

Tees Surveyors

6

7 Johnson Steet, Lemington

NE15 8DL

Swayes Estates

7

3 Hindmarsh Drive, Ashington

NE63 9FA

Swayes Estates

8

163 Biddlestone Road, Heaton

NE6 5SP

EasiLiving

9

Zetland Road, Middlesbrough

TS13 4PW

Tees Surveyors

10

Former Bridge House, Skinningrove

TS13 4BW

Tees Surveyors

11

92 Sanderson Villas, Gateshead

NE8 3DD

Nice Landlords

12

38 Villette Road, Sunderland

SR2 8RN

Jonathan T. Finn

13

Davy Lamp Public House, Kelloe, Durham

DH6 4PQ

Swayes Estates

14

41 Hampstead Road, Newcastle Upon Tyne

NE4 8AD

HM Residential

15

23/25 King Road, Middlesbrough

TS3 6NG

Tees Surveyors

16

87 Stanton Street, Newcastle Upon Tyne,

NE4 5LJ

Property Spaces

17

89 Stanton Street, Newcastle Upon Tyne

18

10 Jubilee Mews, Bedlington

19

16 Rosebery Street, Sunderland

SR5 1DF

Nice Landlords

20

12 Anglesey Square, Sunderland

SR3 3EE

Anthony James

21

49 & 49A St. Lukes Terrace, Sunderland

SR4 6NF

Swayes Estates

22

41-43 Brookside Crescent, Newcastle upon Tyne

NE5 3LY

Swayes Estates

23

94 Canon Cockin Street, Sunderland

24

25 Prudhoe St, North Shields

NE4 5LJ

Property Spaces

NE22 5BL

Lennon Properties

SR2 8PW

Swayes Estates

NE29 6RA

Ideal Properties

25

85 Rochdale Road, Manchester

OL10 1PX

Nice Landlords

26

78 The Avenue, Newcastle upon Tyne,

NE28 6BT

Swayes Estates

27

Eastdene Road, Seaham

SR7 8DY Holmes and Hunters

28

8 Clarence Gate, South Hetton, Durham

DH6 2TX

Vara Estates

29

21 Ravenburn Gardens, Newcastle upon Tyne

NE15 7HU

HM Residential

30

38 Merle Terrace, Sunderland

SR4 6SD

Anthony James

31

6 The Larun Beat, Yarm

TS15 9HW

Swayes Estates

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AUCTION CATALOGUE

Starting Bid:

£140,000 Mews Cottage, High Street Rothbury NE65 7TE • Semi Detached Cottage • 1 Bathroom • 2 Bedrooms • EPC Band: E • 1 Reception Room Swayes 0191 226 1313

LOT 1 5

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£70,000 12 Cotfield Walk Gateshead NE8 1TG • Flat • 1 Bathroom • 2 Bedrooms • Double Glazing • 1 Reception Room • EPC Band: C

LOT 2

Amazing Results 01670 943016

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AUCTION CATALOGUE

Starting Bid:

£60,000 3 Warwick Terrace Sunderland SR3 1BP • Two Self Contained Flats • Investment Opportunity • 3 Bedrooms • Double Glazing • 1 Reception Room • EPC Band: D

LOT 3

Jonathan T. Finn 0191 527 7030

7

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£135,000 16 Salcombe Close Middlesbrough TS8 9LZ • Detached Bungalow • Front & Rear Gardens • 3 Bedrooms • Double Glazing • 1 Reception Room • EPC Band: D

LOT 4

Tees Surveyors 01642 495200

8

AUCTION CATALOGUE

Starting Bid:

£120,000 29 Zetland Road Middlesbrough TS13 4PW • Commercial Unit & Flat • Investment Opportunity • 2 Bedrooms • Double Glazed • 1 Reception Room Tees Surveyors 01642 495200

LOT 5 9

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£60,000 7 Johnson Street Lemington, Newcastle Upon Tyne NE15 8DL • Terraced House • 1 Bathroom • 2 Bedrooms • Double Glazed • 1 Reception Room • EPC Band: D

LOT 6

Swayes 0191 226 1313

10

AUCTION CATALOGUE

Starting Bid:

£65,000 3 Hindmarsh Drive Ashington NE63 9FA • Flat • 1 Bathroom • 2 Bedrooms • Double Glazed • 1 Reception Room • EPC Band: D

LOT 7

Swayes 0191 226 1313

11

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£85,000 163 Biddlestone Road Heaton, Newcastle Upon Tyne NE6 5SP • Flat • 1 Bathroom • 2 Bedrooms • Double Glazed • 1 Reception Room • EPC Band: D

LOT 8

EasiLiving 0191 281 4577

12

AUCTION CATALOGUE

Starting Bid:

£55,000 Zetland Road Middlesbrough TS13 4PW • Land – Car Park • 15 Car Parking Spaces • Circa £12,000 Return PA Tees Surveyors 01642 495200

LOT 9 13

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£100,000 Former Bridge House Middlesbrough TS13 4BD • Land • Investment Opportunity • Planning Permission Granted Tees Surveyors 01642 495200

LOT 10 14

AUCTION CATALOGUE

Starting Bid:

£85,000 92 Sanderson Villas Gateshead NE8 3DD • Flat/Apartment • 1 Bathroom • 2 Bedrooms • 1 Reception Room • EPC Band: C Nice Landlords 0191 447 3282

LOT 11 15

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£52,000 38 Villette Road Sunderland SR2 8RN • End Terrace House • 1 Bathroom • 3 Bedrooms • Double Glazing • 1 Reception Room • EPC Band: E

LOT 12

Jonathan T. Finn 0191 527 7030

16

AUCTION CATALOGUE

Starting Bid:

£130,000 Davy Lamp Public House Kelloe, Durham DH6 4PQ • Commercial Premises and Flat • Over 2500 sqft • 3 Bedrooms • 1 Reception Room • EPC Band: D Swayes 0191 226 1313

LOT 13 17

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£70,000 41 Hampstead Road Benwell, Newcastle Upon Tyne NE4 8AD • Terraced House • 1 Bathroom • 3 Bedrooms • EPC Band: D • 1 Reception Room

LOT 14

HM Residential 0191 272 7700

18

AUCTION CATALOGUE

Starting Bid:

£230,000 23/25 Kings Road Middlesbrough TS3 6NG • Commercial Unit with Flats • Combined Income Circa £28,000 • Three, 2 bedroom Flats • EPC Band: TBC • Investment Opportunity

LOT 15

Tees Surveyors 01642 495200

19

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£60,000 87 Stanton Street Fenham, Newcastle Upon Tyne NE4 5LJ • Flat • 1 Bathroom • 2 Bedrooms • EPC Band: TBC • 1 Reception Room

LOT 16

Swayes 0191 226 1313

20

AUCTION CATALOGUE

Starting Bid:

£108,000 89 Stanton Street Fenham, Newcastle Upon Tyne NE4 5LJ • End terraced house • 1 Bathroom • 4 Bedrooms • EPC Band: TBC • 1 Reception Room

LOT 17

Swayes 0191 226 1313

21

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£70,000 10 Jubilee Mews Bedlington NE22 5BL • Semi Detached House • 1 Bathroom & 1 W/C • 3 Bedrooms • Three Storeys • 1 Reception Room • EPC Band: C

LOT 18

Lennon Properties 01670 719600

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AUCTION CATALOGUE

Mortgage Consultancy

Mark Hardy is an appointed Representative of Pink Home Loans.

Pink Home Loans is a trading name of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Conduct Authority.

23

AUCTION CATALOGUE

Starting Bid:

£105,000 16 Rosebery Street Sunderland SR5 1DF • End Terraced House • 2 Bathrooms • 5 Bedrooms • EPC Band: D • 1 Reception Room Nice Landlords 0191 447 3282

LOT 19 25

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£55,000 12 Anglesey Square Sunderland SR3 3EE • Mid Terrace House • 1 Bathroom • 2 Bedrooms • Front & Rear Yard • 1 Reception Room • EPC Band: D

LOT 20

Anthony James 0191 447 3238

26

AUCTION CATALOGUE

Starting Bid:

£60,000 49 & 49a St Lukes Terrace Sunderland SR4 6NF • Commercial Shop & Flat • Investment Opportunity • 2 Bedrooms • Potentially over 10% ROI • 1 Reception Room Swayes 0191 226 1313

LOT 21 27

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£65,000 41-43 Brookside Crescent Newcastle Upon Tyne NE5 3LY • Commercial Shop & Flat • 1 Bathroom • 2 Bedrooms • Front and Rear Garden • 1 Reception Room • Investment Opportunity

LOT 22

Swayes 0191 226 1313

28

AUCTION CATALOGUE

Starting Bid:

£42,000 94 Canon Cockin Street Sunderland SR2 8PW • Mid Terrace House • 1 Bathroom • 2 Bedrooms • Rental income of £5000PA • 1 Reception Room • EPC Band: D

LOT 23

Swayes 0191 226 1313

29

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£70,000 25 Prudhoe Street North Shields Newcastle Upon Tyne NE29 6RA • Ground Floor Commercial • Investment Opportunity • Located in City Centre Ideal Properties 0191 273 4000

LOT 24 30

AUCTION CATALOGUE

Starting Bid:

£230,000 85 Rochdale Road Manchester OL10 1PX • Terraced House • Great Investment Opportunity • 6 Bedrooms • Currently achieving £30k+ PA • 1 Reception Room • EPC Band: E

LOT 25

Nice Landlords 0191 447 3282

31

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£100,000 78 The Avenue Newcastle Upon Tyne NE28 6BT • End Terrace • 1 Bathroom • 4 Bedrooms • EPC Band: E • 1 Reception Room Swayes 0191 226 1313

LOT 26 32

AUCTION CATALOGUE

Starting bid

£130,000 Eastdene Road Seaham SR7 8DY • Development Land Opportunity • 4000ft2 + • 2 Retail units

LOT 27

Holmes and Hunters 0191 265 8046

33

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£65,000 8 Clarence Gate Durham DH6 2TX • Terraced House • 1 Bathroom • 2 Bedrooms • EPC Band: C • 1 Reception Room Vara Estates 0191 511 1280

LOT 28 34

AUCTION CATALOGUE

Starting Bid:

£40,000 21 Ravenburn Gardens Newcastle Upon Tyne NE15 7HU • Flat • 1 Bathroom • 2 Bedrooms • EPC Band: D • 1 Reception Room HM Residential 0191 272 7700

LOT 29 35

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

Starting Bid:

£73,000 38 Merle Terrace Sunderland SR4 6SD •4 bedrooms •2 Reception rooms •1 bathroom •£600pcm rental income Anthony James 0191 447 3238

LOT 30 36

AUCTION CATALOGUE

Starting Bid:

£170,000 6 The Larun Beat Yarm TS15 9HW • Detached House • 4 Bedrooms • 2 Reception Rooms •1 bathroom •Garage Swayes 0191 226 1313

LOT 31 37

MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

TERMS AND CONDITIONS 1.1 Introduction and Interpretation 1.1.1 this Catalogue is issued to Buyers and Sellers and their professional advisers (you) on the strict condition that these Auction Terms and Conditions of Business are accepted by you and cannot be waived or varied by any other document or representation including the Common Auction Conditions.

1.1.2 The Common Auction Conditions shall, in this Catalogue, consist of the Glossary, the Auction Conduct Conditions and the Sale Conditions.

1.1.3 References in this Catalogue to the Common Auction Conditions are references to the relevant sections of the Common Auction Conditions of this Catalogue.

1.1.4 Words commencing in capitals have special meanings which are defined in the Glossary in bold blue type.

1.1.5 References to Auction 1 or Auction 2 are references to the type of Auction an individual Lot is placed into.

2. Conditions relating to Auction 1 and Auction 2.

2.1 Auction 1 conditions.

The following shall apply in relation to a Lot being sold under Auction 1 conditions: 2.1.1 The Common Auction Conditions will apply subject to the following variations: a) Completion shall take place within 28 days from the date of the exchange (being the date of signature by the buyer of the auction contract)or if that day is not a business day on the next business day; b) The Seller must provide details of any special conditions which relate to that Lot at least 24 hours before the Auction. c) The prospective Buyer is responsible for obtaining copies of any special conditions, legal pack or any Addendum containing variations, and also to verify that no revised version is in place;

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AUCTION CATALOGUE

d) The right is reserved, without liability on our part, to change a particular Lot to Auction 2 at any time and for any reason and we also reserve the right to withdraw any Lot from the Auction and possibly enter it into the next Auction. e) Subject to the provisions herein, we will enter the Lot into the Auction. f) Annexed to the Auction contract will be a copy of any special conditions and/or revisions by way of Addendum. g) In addition to the deposit payable on exchange of contracts, the Buyer shall also pay to us the buyer’s premium of 3 percent of the sale price of the Property plus VAT, subject to a minimum charge of £3,500 plus VAT.

2.2 Auction 2 conditions If a Lot is being sold subject to Auction 2 the following shall apply: 2.2.1 The Common Auction Conditions will apply insofar as they are not inconsistent with these Auction 2 conditions for the type of Auction conducted under Auction 2.

2.2.2 A sale memorandum will be exchanged upon a successful bid being made.

The sale memorandum Is not a binding legal contract for the sale of the Property but notice of intention between Seller and Buyer to enter into a binding legal contract within 28 days of the sale memorandum being exchanged with Completion fourteen days thereafter. In the event that the date of exchange of contracts and/or the Completion date is not a business day, then exchange of contracts/Completion shall occur on the next working day.

2.2.3 The Buyer shall pay a non-refundable deposit of £1,500 to Property Under the Hammer Auction Limited.

2.2.4 If exchange of a binding contact does not occur by the relevant date for exchange of contracts, or such other date that is mutually agreed in writing between the Seller and the Buyer or their legal representatives, the non-refundable deposit is forfeit by the Buyer and is paid to the Seller 2.2.5 In addition to the non-refundable deposit the Buyer shall also pay on signing the sale memorandum, the buyer’s premium of three percent of the sale price of the Property plus VAT, subject to a minimum charge of £3,500 plus VAT to Properties Under the Hamer Auction Limited.

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MARRIOTT HOTEL, METRO CENTRE, NE11 9XF, 21st November 2016

3. Liability 3.1 No liability is accepted on our part for the maintenance upkeep repair or security of any Property comprised within a Lot entered into the Auction; 3.2 Under no circumstances shall we be liable to the Buyer in respect of anything contained or referred to in this Catalogue being incomplete, inaccurate, misleading or unfair, subject to the Buyer’s statutory rights in law.

4. Remuneration 4.1 TheBuyer must pay us a buyer’s premium being commission of three percent of the sale price of the property plus VAT, subject to a minimum charge of £3,500 plus VAT, following a successful bid, whether under Auction 1 or Auction 2. In the event that the Property is sold before the Auction or by private treaty, the buyer’s premium shall be paid by the Buyer upon the Buyer signing the auction contract. Payments can be made by cheque, banker’s order, or electronically by CHAPS or same day payment. No deduction, setoff or counterclaim shall be permitted in relation to such payment.

4.2 Anti-money laundering regulations; 4.2.1 Under the anti money laundering regulations introduced the Government we are obliged by law to identify the Seller, Buyer and any other person or company who is involved in our Auction. Such persons are required by us to provide evidence of their identity and source of funding and/or finance arrangements. Such evidence can be kept by us for at least six years.

4.2.2 We are obliged to comply with the Proceeds of Crime Act 2002 and as such, we must obtain assurance that there is no money laundering and any parties to a transaction are not involved in an offence contrary to the Proceeds of Crime Act 2002, or any related criminal offences. If we have sufficient suspicions relating to any funds sent to our bank we reserve the right to report such suspicions to the relevant authorities and decline to apply such funds to the relevant transaction or return such funds to the party who has paid the funds to us. In circumstances which we generally feel we are unable to complete with the anti money laundering requirements, we reserve the right to decline instructions from Seller/Buyer or any other party.

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AUCTION CATALOGUE

5. Miscellaneous 5.1 The Catalogue, and any document incorporated or referred to therein, shall comprise the whole agreement between the parties and supersedes any previous arrangement understanding or agreement. Each party acknowledges that in entering into the provisions of the Catalogue, they do not rely on any statement, representation, assurance or warranty made by or on behalf of any person to include, without prejudice to the generality of the foregoing, the Seller, their professional advisers and Properties Under the Hammer Auction Limited.

5.2 The provisions of this Catalogue and documents referred to therein shall apply without variation, unless such variation is in writing and signed or initialled by or on behalf of the relevant party.

5.3 If a clause of this Catalogue and any document incorporating them is found to be illegal invalid or unenforceable, the clause shall apply with such modification necessary to make it legal, valid and enforceable.

5.4 Any dispute or claim arising out of or in connection with the Auction shall be governed by and construed in accordance with the laws of England and Wales. It is hereby agreed and declared that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with such matters.

6. Notices 6.1 Any notice to be given relating to the auction arrangements shall be in writing and shall be delivered by pre-paid first class post to the respective addresses of the parties as last notified to the other parties. Emails shall not be accepted as notices.

6.2 Notices delivered shall be deemed to have been received when: (a) posted from and to addresses in the UK, on the second day after posting; (b) posted from and to addresses overseas, on the tenth day after posting and; (c) sent by fax, the notice shall be deemed received immediately.

6.3 The sender must prove that the notice was correctly sent. A notice which cannot be supported by evidence that it was correctly served will be considered to be invalid.

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Property specialists in sales, purchases and Landlord & Tenant Contact: Residential Property: Victoria Chaplin vchaplin@oneill-law.com Tel. 0191 246 4000 ext 2019 Commercial Property: John O`Neill joneill@oneill-law.com Tel. 0191 246 4000 ext 2020 Landlord & Tenant: Hugh Dorey hdorey@oneill-law.com Tel. 0191 246 4000 ext 2025

OFFICES AT:

1 -2 Lansdowne Terrace East, Gosforth, Newcastle upon Tyne NE3 lHL (Registered Office) Tel: 0191 246 4000 Fax: 0191 213 0134

369 Benton Road, Four Lane Ends, Benton, Newcastle upon Tyne NE7 7EE Tel: 0191 270 1711 Fax: 0191 270 0731

89 Fowler Street, South Shields, Tyne & Wear NE33 1NU

Tel: 0191 455 4561 Fax: 0191 455 2954

O’Neill Richmonds Law Firm is a Limited Company registered in England and Wales (company number 08451414.

Authorised and Regulated by the Solicitors Regulation Authority – SRA number 611557

Lynnwood House 5 Elliott Terrace Newcastle upon Tyne NE4 6UP

0191 226 1035

info@propertiesunderthehammer.com