30th march property auction

www.rhseel.co.uk

chartered surveyors

Property Auction Catalogue

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

30th March 2010, 3pm

IMPORTANT NOTICE TO BE READ BY ALL BIDDERS

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

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.

12. 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.

CM

YK

property auction catalogue - 30th March 2010, 3pm

1. 10 POPLAR STREET, TROEDYRHIW, MERTHYR TYDFIL, MID GLAMORGAN £35,000 +

2. 96 PEARL STREET, SPLOTT, CARDIFF £79,000 +

3. 13 HILLSIDE TERRACE, PANTYRAWEL, BRIDGEND, MID GLAMORGAN £59,000 +

4. 8 GARTH AVENUE, GLYNCOCH, PONTYPRIDD, MID GLAMORGAN £58,000 +

5. 70 SOUTH STREET, YNYSHIR, PORTH, RHONDDA, MID GLAMORGAN £15,000 +

6. 121A DUNRAVEN STREET, TONYPANDY, RHONDDA, MID GLAMORGAN £145,000 +

7. DEVELOPMENT LAND ADJOINING PRINCESS STREET, MAESTEG, BRIDGEND, MID GLAMORGAN £30,000 +

8. 7 MODEL COTTAGES, PENYARD, MERTHYR TYDFIL, MID GLAMORGAN £62,000 +

9. 13 HIGH STREET, PONTYPRIDD, MID GLAMORGAN £285,000 +

10. MORIAH BAPTIST CHAPEL, MOUNTAIN ASH ROAD, ABERCYNON, MID GLAMORGAN £18,000 +

11. THE ODDFELLOWS REST, 200 BRIDGEND ROAD, MAESTEG, BRIDGEND, MID GLAMORGAN £279,000 +

12. 70A SOUTH STREET, YNYSHIR, PORTH, RHONDDA, MID GLAMORGAN £18,000 +

13. 123 CAERAU ROAD, MAESTEG, BRIDGEND, MID GLAMORGAN £9,000 +

14. 12A &12B HENGOED ROAD, PENPEDAIRHEOL, HENGOED, MID GLAMORGAN £84,000 +

15. 26 WELLS STREET, RIVERSIDE, CARDIFF £79,000 +

16. DEVELOPMENT LAND AT CHAPMAN CLOSE, MALPAS, NEWPORT, GWENT £135,000 +

17. 2 G-I CORNERSWELL ROAD, PENARTH, VALE OF GLAMORGAN £160,000 +

18. 215 CARMARTHEN BAY HOLIDAY VILLAGE, KIDWELLY, PEMBROKESHIRE £19,000 +

19. 7 EAST COURT 170/171 EAST ROAD, TYLORSTOWN, RHONDDA, MID GLAMORGAN £14,000 +

20. 7 HUNTER STREET, CARDIFF BAY, CARDIFF £59,000 +

21. 267 NEW ROAD, PORTHCAWL, BRIDGEND, MID GLAMORGAN £85,000 +

22. NAZARETH CHAPEL, STATION ROAD, PENGAM, BLACKWOOD, GWENT £49,000 +

23. THE WHITE HART HOTEL, GEORGE STREET, PONTYPOOL, GWENT £45,000 +

24. FORMER HARPERS HALL AND SMALLAND COTTAGES, MANORBIER, TENBY £59,000 +

25. 35 JEWEL STREET, BARRY, VALE OF GLAMORGAN £68,000 +

26. REAR OF 1 CLIVE STREET, CAERPHILLY, MID GLAMORGAN £55,000 +

27. 53 CLIFTON STREET, SPLOTT, CARDIFF £23,000 +

28. 8 EAST COURT, 170/171 EAST ROAD, TYLORSTOWN, RHONDDA, MID GLAMORGAN £15,000 +

29. YARD REAR OF 48 NORTON AVENUE, BIRCHGROVE, CARDIFF £55,000 +

30. 112 ROBERT STREET, YNYSYBWL, PONTYPRIDD, MID GLAMORGAN £55,000 +

31. 23 ORBIT STREET, SPLOTT, CARDIFF £68,000 +

LOT NUMBERS AND ORDER OF SALE GUIDES

PLEASE NOTEIN ADDITION TO THE PURCHASE PRICE, BUYERS WILL BEREQUIRED TO PAY A BUYER’S PREMIUM OF £250 PLUS VAT


30th March 2010, 3pmto be held at

FOR ENTRIES PLEASE CONTACT

WENDY JONES 029 2037 0116 MANSEL EDMUNDS 029 2037 0117ELEANOR BYRNE 029 2037 0117 KRISTY PERRY 029 2037 0104PENNY CODY 029 2037 0122 MATT TYLER 029 2037 0105FAX NO: 029 2023 7544 [email protected]

18

19

20

17

16

NEWPORT

BLACKWOOD

ABERTILLERY

EBBWVALE

TREDEGAR

N A T I O N A LP A R K

Forestof Dean

CHEPSTOW

MONMOUTH

BRISTOLM5

A4042

M49

A40

A449

A449

A4042

A48

A468

A469

A469

A4058

A48

A467

A467

A472

A4 72

A466

2

3

1

M32

A403

A4

A48

A38 A37

A472A4051

29a

RhonddaValley

Valeof Nea

th

Swansea Bay

COWBRIDGE

PYLE

CLYDACH

AMMANFORD

A4107

A40

63

A4061

A41

09

A4067

A474

A483

A48

A40

61

A473

47 46 45

M4

4141

42

4344

42

40

38

39

37

36

M433

32

27

28

26

29

25a

2524

23CALDICOTM4

M48

22

21

1520

M4

BARRY

HIRWAUN

GLYN NEATH

ABERDULAIS

PONTARDAWE

YSTALYFERA

CRYNANT

BRECON

A40A479

A465

A470(T)

A470(T)

A470(T)

A465(T)

A465(T)

4

ROSSON WYE

M50

MERTHYRTYDFIL

BRYNMAWR

CARDIFF

1

2

M4

M4 30

PORTTALBOT

TONYPANDY

34

CAERPHILLY

LLANTRISANT

A4119

A4233

A4232

35

A48

PONTYPRIDDPORTH

SWANSEA

BRIDGENDA48

A48

SOU

THER

N W

AY

EASTERN

AVEN

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NEDERYN RD

CIRC

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AST

A42

32

PARK INNHOTEL

A48

LLANEDERYNINTERCHANGE

DATE OF NEXT AUCTION 18TH MAY 2010CLOSING DATE FOR ENTRIES 21ST APRIL 2010

Park Inn Hotel CardiffCircle Way East, Llanedeyrn, Cardiff CF23 9XF

AUCTION DATES FOR 2010 CLOSING DATE FOR ENTRIES

13TH JULY 16TH JUNE

7TH SEPTEMBER 11TH AUGUST

26TH OCTOBER 29TH SEPTEMBER

7TH DECEMBER 10TH NOVEMBER

IMPORTANT NOTICE TO BUYERS

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

MONEY LAUNDERING REGULATIONS

Please do not bid if you do not have a deposit. Only cash or cheque accepted. We cannot accept Credit or Debit cards.

7

CASH DEPOSITS ACCEPTED UP TO A MAXIMUM

OF 10,000


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

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

SURVEYS AND VALUATIONS■ Building surveys

■ Homebuyer reports

■ Valuations

For more information on any of the above please:

Telephone: 029 2037 0100

Fax: 029 2037 0121

Email: [email protected]

Or call in at our office: R H Seel & Co

The Crown House

Wyndham Crescent

Canton

Cardiff

CF11 9UH

Joint Auctioneers

END TERRACE HOUSE REQUIRING REFURBISHMENT

10 POPLAR STREET, TROEDYRHIW, MERTHYR TYDFIL, MID GLAMORGAN, CF48 4EF

property auction catalogue - 30th March 2010, 3pm 5

Lot no. 1

A traditional, two storey, two bedroom end terraced housesituated in the village of Troedyrhiw. The property has a sparrendered front elevation beneath a pitched roof withinterlocking concrete tile covering and benefits from doubleglazed fenestration and gas central heating (not tested), butrefurbishment is required throughout.

Accommodation:GF. Entrance lobby, lounge/dining room, kitchen, shower room

stairs to:

FF. Landing, two bedrooms.

OS. Shared rear garden.

Tenure:Freehold.

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

Guide Price: £35,000 +

MID TERRACE HOUSE FOR REFURBISHMENT

96 PEARL STREET, SPLOTT, CARDIFF, CF24 1PJ

Lot no. 2

To use the fax retrieval system either dial from the handset of your fax machineor set to ‘POLL RECEIVE’ mode. The results will be available from noon the dayafter the auction.

09065 868 151 Full Auction Results

The Essential Information Group Tel: 020 7720 5000 (Calls cost 60p p/min for 09065 at all times)

Auction Results

A traditional mid terrace three bedroom house located in closeproximity to the city centre and convenient for access to M4motorway links, having a pointed stone front elevation with brickfeatures beneath a pitched slate roof covering. The propertybenefits from gas central heating (not tested), but is in need ofrefurbishment throughout.

Accommodation:GF. Entrance hallway, lounge, dining room, kitchen, bathroom.

FF. Landing, three bedrooms.

OS. Enclosed rear garden.

Tenure:Freehold.

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

Guide Price £79,000 +


DETACHED BUNGALOW WITH SPLENDID VIEWS

13 HILLSIDE TERRACE, PANTYRAWEL, BRIDGEND, MID GLAMORGAN CF32 7LE

A detached two bedroom bungalow occupying an elevatedposition with pleasant views, situated in the village ofPantyrawel approximately 6.5 miles from the busy town ofBridgend and approximately 5 miles from the M4 motorwayat Junction 36. The property has facing brick elevationsbeneath a pitched tiled roof having double glazed fenestrationand gas central heating (not tested).

Accommodation:GF. Entrance hall, lounge, kitchen/diner, two bedrooms,

bathroom, store room.

OS. Elevated grassed front garden with steps up to entrance.

Elevated and tiered enclosed rear garden with patioarea.

Tenure:Freehold.



Lot no. 3

6

PLEASE NOTEWE CAN NOW SUPPLY LEGAL PACKS BY EMAIL. TO REQUESTTHIS SERVICE PLEASE EMAIL YOUR REQUIREMENTS TO

[email protected] or [email protected]

A three bedroom semi detached house with colour washedelevations beneath a pitched tiled roof covering, located on aresidential estate approximately three miles from Pontypriddtown centre. The property has been improved throughout andbenefits from uPVC double glazing and gas central heating (not tested).

Accommodation:GF. Entrance hall, lounge, kitchen/diner.

FF. Landing, three bedrooms, bathroom comprising bath, wc and wash hand basin.

OS. Elevated front garden approached by steps, enclosed rear garden.

Tenure:Freehold.




8 GARTH AVENUE, GLYNCOCH, PONTYPRIDD, MID GLAMORGAN, CF37 3AA

Lot no. 4SEMI DETACHED HOUSE

70 SOUTH STREET, YNYSHIR, PORTH,RHONDDA, MID GLAMORGAN, CF39 0EF

Lot no. 5FIRST FLOOR FRONT FLAT – POTENTIAL INVESTMENT

A converted flat on the first floor of a traditional type endterrace house on the corner of South Street and Wind Street,accessed from a shared staircase on Wind Street. The flat is partimproved and located to the front part of the first floor, close tolocal facilities.

Accommodation:GF. Entrance to shared staircase:

FF. Living room, kitchen, two bedrooms, bathroom, electricheating (not tested) and part uPVC windows.

Tenure:Leasehold.



PLEASE NOTEWE ARE UNABLE TO ACCEPT DEPOSITS BY WAY

OF DEBIT OR CREDIT CARD


PART LET INVESTMENT WITH SCOPE TO IMPROVE

121A DUNRAVEN STREET, TONYPANDY,RHONDDA, MID GLAMORGAN, CF40 1AS

A part let freehold property within the pedestrianised shopping area ofTonypandy town centre situated between Santander (formerly AbbeyNational) and HSBC banks with retailers and service providers represented.

The ground floor retail premises are let to Co-operative Travel Services, thefirst floor flat being vacant and in need of refurbishment throughout.

Accommodation:GF. SHOWROOM/OFFICES approximately 78 sq m.

FLAT – access from rear at ground floor level comprising: Entrance hallway, lounge, kitchen, two bedrooms, bathroom, stairs totwo further rooms.

Tenancies:GF: RETAIL UNIT:

Let on lease for a term of ten years with 5 year rent review from October2009 at a current rental of £10,000 per annum exclusive or rates. The tenantis Co-operative Travel Services, a multiple company with numerous branches.A copy of the lease will be available the Auctioneers office.

FLAT:

Currently vacant but we are advised that the property when refurbishedshould let at a rental in the region of £300 per calendar month.

HENCE ACTUAL AND POTENTIAL RENTS: £13,600 PER ANNUM.

Tenure:Freehold.



Lot no. 6

8

LAND WITH PLANNING FOR FOUR DETACHED HOUSES

DEVELOPMENT LAND ADJOINING PRINCESS STREET,MAESTEG, BRIDGEND, MID GLAMORGAN, CF34 9BD

Gross area of approximately 1.3 acres part level and partly steep land at the top end of Princess Street with lapsed original consent for20 houses more recently revised to provide four plots for executivetype detached units.

Outline planning consent was granted by Bridgend County Council on 10th September 2007, Reference No: P/07/412/OUT. An intrusiveground investigation report dated 2004 and copy of the planningconsent are available for inspection at the Auctioneers office.

Tenure:Freehold.

Viewing:The land is open for inspection.

Further Information:Auctioneers Office, Seel & Co (029) 2037 0117


Lot no. 7

PLAN FOR IDENTIFICATION PURPOSES ONLY. NOT TO SCALE.


A modernised mid terrace house with a single storey rear extension in aresidential area within easy reach of the town centre and major roadnetwork. The property has a pointed brick front elevation to first floor levelwith Alpine render above beneath a pitched tiled roof covering with gas firedcentral heating (not tested) and uPVC double glazed windows.

Accommodation:GF. Entrance lobby, lounge with fitted gas fire (not tested), kitchen/dining

room, utility area with sink unit and bathroom with three piece suiteand overbath shower.

Landing, two bedrooms.

OS. Enclosed front courtyard, enclosed rear garden with patio, potentialfor parking space or garage leading off rear lane, subject to consents.

Tenure:Freehold.



7 MODEL COTTAGES, PENYARD, MERTHYR TYDFIL, MID GLAMORGAN, CF47 0HS

Lot no. 8MID TERRACE HOUSE FOR IMPROVEMENT

13 HIGH STREET, PONTYPRIDD, MID GLAMORGAN, CF37 1QJ

Lot no. 9FULLY LET COMMERCIAL INVESTMENT – TOTAL RENTS £24,500 PER ANNUM

A three storey mid terrace property having mock tudor upper front elevationwith modern shop front to ground floor, under a pitched and gabled slateroof occupying a good location within the town being opposite the railwaystation and within close proximity to the main retail areas. The property iscurrently fully let on three separate leases, with separate access to upperfloors from front.

Accommodation & Leases:GF. Retail area with ancillary accommodation.

Let on lease to THE MONEY SHOP, a Company with numerousbranches, on lease for a term of 20 years from 2005 with 5 yearlyrent reviews at a current rent of £14,500 exclusive with rent reviewdue 2010.

FF. Let to UNISEX HAIRDRESSER, renewal of existing 5 year lease from2010 for a further 5 year term at a rental of £5,000 per annumexclusive.

SF. Offices let to PROPERTY DEVELOPER on a 10 year lease, subject to a5 year rent review with approximately 6 years unexpired, at a rentalof £5,000 per annum exclusive.

HENCE TOTAL CURRENT RENTS £24,500.

Tenure:Freehold.



RH Seel & Co - Tel: (029) 2037 0117 - Website: www.rhseel.co.uk10

DETACHED STONE CHAPEL – POTENTIAL FOR CONVERSION (SUBJECT TO PLANNING)

MORIAH BAPTIST CHAPEL, MOUNTAIN ASH ROAD,ABERCYNON, MID GLAMORGAN, CF45 4PR

Lot no. 10

A large detached chapel and rear former schoolrooms located alongside themain road within the village of Abercynon. The property is of generousproportions and of typical ecclesiastical design, benefiting from gas centralheating (not tested) and uPVC fenestration under a pitched slate roofcovering, enhanced by a variety of aesthetically pleasing features, includingornate moulded ceiling and balcony area with fitted pews.

Accommodation:GF. Front entrance hall with toilet facilities and stairs, door leading to Main

Hall of Worship and side access door.

FF. Traditional type chapel balcony seating.

OS. Small forecourt and side access path to secondary doorway.

Tenure:Freehold.

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


Joint Auctioneers

A former two storey, end of terrace public house converted and extended to provide six self-contained apartments. There are 3 x 1 bedroom flats and a studio flat on the ground floor and the first floor comprises a 1 x 3 bedroom flat and 1 x 2 bedroom flat.

The property has natural pointed stone front elevation withuPVC double glazed fenestration, beneath a pitched tiled roof. All flats benefit from independent electric heating (not tested).

Accommodation & Tenancies:GF. Front communal entrance hall to flats 1, 2, 5 & 6.

Rear communal entrance hall to flats 3 & 4.

FLAT 1. Hall, kitchen/lounge, shower room, bedroom.

Currently VACANT but we are advised was previouslylet at £410 per calendar month.

FLAT 2. Entrance lobby, lounge/kitchen, bedroom, shower room.


FLAT 3. Lounge/kitchen, bedroom, shower room.

Let on Assured Shorthold Tenancy Agreement at £410per calendar month.

FLAT 4. Lounge/bedroom/kitchen area, shower room.


FF. Communal landing to:

FLAT 5. Entrance hall, Lounge/kitchen, three bedrooms,bathroom.


FLAT 6. Entrance Hall, Lounge/kitchen, two bedrooms,bathroom.

Let on Assured Shorthold Tenancy Agreement at £520per calendar month.

HENCE ACTUAL CURRENT RENTS OF £11,160 PER ANNUM WITH TOTAL POTENTIALRENTS OF £32,280 PER ANNUM WHEN FULLY LET.

OS. Sizeable rear garden with vehicular access via servicelane.

Tenure:Freehold.




PART LET RESIDENTIAL INVESTMENT – SIX SELF-CONTAINED APARTMENTS

THE ODDFELLOWS REST, 200 BRIDGEND ROAD, MAESTEG, BRIDGEND, MID GLAMORGAN, CF34 0NA

Lot no. 11

PLEASE NOTEBUYERS ARE RESPONSIBLE FOR INSURING ANY PROPERTY

FROM EXCHANGE OF CONTRACTS



REALTY DHG LTD

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

Commercial Finance is not regulated by the FSA.

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

To speak with our Mortgage Advisor Jason Walters Call 07830 155627

www.realtydhg.com

• Residential Mortgages• Commercial Finance• Life Protection

• General Insurance• Pensions• Investments

FIRST FLOOR FLAT IN CONVERTED HOUSE – POTENTIAL INVESTMENT

70A SOUTH STREET, YNYSHIR, PORTH, RHONDDA, MID GLAMORGAN, CF39 0EF

A spar rendered two storey house on the corner of SouthStreet and Wind Street in the village of Ynyshir with localshops and facilities nearby. The property is of traditionaltype construction converted to three units of which No.70A is on the first floor at the rear being partiallyimproved with some uPVC windows.

Accommodation:GF. Entrance to shared staircase and half landing.

FF. Landing, living room, two bedrooms and inner lobbywith doors to bathroom and kitchen, rear externalsteps from kitchen to yard.

Tenure:Leasehold.



Lot no. 12

12


Two storey terraced property with outbuildings comprising a formerSunday School assembly room and a former bakery being of varied typesof construction, requiring substantial renovation. The first floor has beensold off on a long lease at a peppercorn rent.

The property is considered to have redevelopment potential, subject to thenecessary consents being obtained. In this respect it is recommended thatany redevelopment or proposed land use changes are discussed withBridgend County Borough Council’s Development Control Department priorto purchase.

Accommodation:GF: FORMER SUNDAY SCHOOL ROOM: Entrance lobby, assembly room,

former kitchen.

FORMER BAKERY: Bakery housing original commercial oven (not working).

OS. The property is accessed via an enclosed courtyard leading to anopen courtyard.

The first floor over has been sold off on a long lease at peppercorn rent.

Tenure:Freehold.

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


REDEVELOPMENT OPPORTUNITY SUBJECT TO PLANNING

123 CAERAU ROAD, MAESTEG, BRIDGEND, MID GLAMORGAN, CF34 0PE

Lot no. 13

An end terraced house which has been converted to form two selfcontained flats, both accessed from the rear with parking spacesadjoining. The property has a pointed stone front elevation,rendered and colour washed to the remainder with uPVC doubleglazed windows beneath a pitched tiled roof covering. Both flats arein good decorative order with good quality fittings offering similaraccommodation.

Accommodation:GF. Flat comprising entrance lobby, newly fitted kitchen, living

room, bedroom and bathroom - VACANT.

FF. Similar accommodation currently let on Assured ShortholdTenancy Agreement at £70 per week with potential forincreased rental.

OS. Rear store yard and two parking spaces.

ACTUAL AND POTENTIAL RENTAL INCOME: £7,800 per annum.

Tenure:Freehold.



END TERRACED HOUSE CONVERTED INTO TWO SELF CONTAINED FLATS – RESIDENTIAL INVESTMENT

12A & 12B HENGOED ROAD, PENPEDAIRHEOL,HENGOED, MID GLAMORGAN, CF82 8BQ

Lot no. 14

13


FORMER PLACE OF WORSHIP WITH POTENTIAL FOR CONVERSION TO RESIDENTIAL

A mid terrace two storey premises located in amongst residential and retailpremises close to the junction of Wells Street and Chancery Lane, a shortdistance from Cardiff City Centre, with access to the M4 motorway atJunction 33 approximately 6km to the north west.

The property has previously been used as a Place of Worship, but it isenvisaged it would be suitable for conversion to provide two flats, subject toall necessary planning consents being obtained. All interested parties areadvised to make their own enquiries in this connection.

Accommodation: Not internally inspected by advised to comprise:

GF. Open plan layout with stores and welfare facilities at the rear.

Net internal floor area approximately 777 sq ft (74.03 sq m).

FF. Two rooms and kitchen.

Net internal floor area approximately 397 sq ft (36.92 sq m).

TOTAL NET INTERNAL AREA APPROXIMATELY 1,194 SQ FT (110.95 SQ M).

Tenure:Freehold.



Lot no. 1526 WELLS STREET, RIVERSIDE, CARDIFF, CF11 6DX


RESIDENTIAL LAND WITH CONSENT FOR SEVEN UNITS

An area of almost level land extending to approximately 0.62 acres (0.23 hectares) with planning consent for seven 2 & 3 bedroom dwellingsarranged as two terraces. The site is located on part of a residential estatewith a variety of local shops nearby, including Post Office, Pharmacy andDoctors Surgery and with easy access to major facilities at Newport(approximately 3 miles) or Cwmbran (approximately 4 miles) and Junction 26of the M4 motorway.

Planning:Full planning consent was granted in February 2006 by Newport City Councilunder Planning Ref: 051/649. A copy of the consent and conditions includinga tree preservation order may be obtained from the Auctioneers Office.

Tenure:Freehold.

Viewing: Open for inspection.

Further information: Auctioneers Office, Seel & Co (029) 2037 0117


Lot no. 16DEVELOPMENT LAND AT CHAPMAN CLOSE, MALPAS,

NEWPORT, GWENT, NP20 6PH


A mixed use freehold building of varying types of construction comprisingtwo ground floor vacant retail units with road frontage situated in closeproximity to the shops and businesses of Windsor Road, together with a onebedroom flat to first floor. The retail premises are surrounded by a numberof other traders including a Post Office, fish and chip shop and pharmacyamongst others.

2G - A mid terraced single storey retail unit with metal profile sheet roof,full width double glazed display windows with double glazed entrance door,also having a separate gas, water and electricity supply (not tested). Thisunit would benefit from refurbishment. There is a shared yard to the rear.

Accommodation:GF: Open plan showroom with kitchen area (approx. 502 sq.ft. net).

OS: Shared rear yard with wc for use of 2G.

2H - Previously used as a tattoo parlour benefitting from full width displaywindow, suspended ceiling in the showroom area and a shared yard to therear. The unit benefits from separate gas, electricity and water supplies (not tested).

Accommodation:GF: Showroom/waiting room, studio, rear office, wc (approx. 485 sq.ft.

net).

OS: Rear yard shared with 2G.

2I - A first floor one bedroom flat let at £400 per calendar month on anAssured Shorthold Tenancy Agreement.

Accommodation:GF: Entrance door and stairs to:

FF: Open plan lounge/kitchen, bedroom, shower room.

Tenancy:£400 per calendar month (£4,800 per annum).

Tenure:Freehold.



RETAIL & RESIDENTIAL INVESTMENT OPPORTUNITY IN POPULAR LOCATION

2G-I CORNERSWELL ROAD, PENARTH, VALE OF GLAMORGAN, CF64 2UZ

Lot no. 17

AMG

Nationwide Coverage For All Your Maintenance Needs

CALL US ON

01625 433633FAX: 01625 433600 [email protected] www.amgltd.co.uk

@ Locksmith Services@ House Clearance@ Draining Of Water Systems@ Property Repairs

Emergency Boarding @Security Shuttering @

Garden Maintenance @Cleaning Services @

Maintenance

AMG Maintenance


A refurbished holiday chalet situated on Carmarthen Bay Holiday Park andlocated close to the beach. The park provides on site entertainment andswimming pool and is situated on the outskirts of the historic town ofKidwelly, with a full range of shopping facilities available in the County town ofCarmarthen.

We are advised the property has been refurbished with new fibreglass roof,double glazing, ceilings and flooring and is to be sold furnished to includefridge/freezer, cooker, washing machine and microwave oven.

Accommodation: “L” shaped lounge/dining room incorporating kitchen, one bedroom withdouble bed, one with two single beds, one with bunk beds, lobby, airingcupboard, bathroom comprising bath with shower over, wash hand basin and wc.

OS. Patio area, allocated parking space.

We are advised the property has been checked for letting purposes and thatthe site fees have been paid up to 31st December 2010.

Tenure: Leasehold.



Lot no. 18 THREE BEDROOM HOLIDAY CHALET

215 CARMARTHEN BAY HOLIDAY VILLAGE, KIDWELLY, PEMBROKESHIRE, SA17 5HQ

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AUCTION

working in association

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AUC0814Seel&Co.indd 1 25/02/2010 15:17:56


A first floor conversion flat within a traditional type mid terrace house,alongside the main road through the village of Tylorstown with localshops and public transport.

Accommodation:Communal entrance hall on ground floor provides access to staircaseand first floor landing with individual self contained flats. The flatcomprises entrance hall, living room with recessed kitchen area,bedroom and bathroom.

Tenure: Leasehold.



FIRST FLOOR FLAT – POTENTIAL INVESTMENT

7 EAST COURT, 170/171 EAST ROAD, TYLORSTOWN,RHONDDA, MID GLAMORGAN, CF43 3BU

Lot no. 19

A vacant, two storey, terraced office premises(approximately 2000 sq ft NIA) situated close to theA4232 trunk road and approximately two miles fromCardiff City Centre. The property has a facing brickfront elevation beneath a dual pitched roof andbenefits from roller shutter doors, double glazedfenestration and gas central heating (not tested). A programme of repair and renovation is requiredthroughout.

Accommodation:GF. Open plan office with kitchenette.

FF. Open plan office with cloakroom facilities.

Approximately 2,000 sq ft net internal area.

Tenure:Freehold.



VACANT OFFICE PREMISES IN NEED OF REFURBISHMENT

7 HUNTER STREET, CARDIFF BAY, CARDIFF, CF10 5GX

Lot no. 20


A traditional, bay fronted, mid terraced, former residentialdwelling latterly used as office accommodation situated inthe popular town of Porthcawl. The property has smoothrendered elevations beneath a pitched roof and benefitsfrom double glazed fenestration and gas central heating(not tested).

It is considered the property has redevelopment potentialsubject to the necessary consents being obtained. In thisrespect we advise that you discuss any redevelopmentplans with the development control department ofBridgend County Borough Council.

Accommodation:GF. Entrance hall, office 1, office 2, office 3,

rear lobby, wc.

FF. Landing, kitchen with external fire escape, office 4,office 5, office 6.

SF. Landing, office 7, office 8.

OS. Small enclosed forecourt and enclosed yard to rear.

Tenure:Freehold.



Lot no. 21 OFFICE PREMISES WITH REDEVELOPMENT POTENTIAL

267 NEW ROAD, PORTHCAWL, BRIDGEND, MID GLAMORGAN, CF36 5BG

A detached former Chapel of generous proportionslocated almost adjacent to the Park and Ride Train Stationat Pengam, in a predominantly residential area. TheChapel has been decommissioned and due to its locationit is considered to have potential for residential conversionsubject to all necessary planning consent being obtained.

In this respect the Vendor has had correspondence withCaerphilly County Borough Council to assess thepossibility of converting the property to provide two semidetached houses and has been advised that the Councilcan see no reason why planning consent would not begranted, but no formal planning application has beensubmitted to allow possible flexibility of accommodation.A copy of this correspondence will be available from theAuctioneers office.

Tenure:Freehold.



Lot no. 22 DETACHED FORMER CHAPEL – POTENTIAL FOR CONVERSION TO RESIDENTIAL

NAZARETH CHAPEL, STATION ROAD, PENGAM, BLACKWOOD, GWENT, NP12 3XL

A substantial “free of tie” public house (ceased trading) locatedclose to the town centre and within approximately 300 yards ofthe main shopping area, where a number of major retailers,including Tesco’s are represented and is immediately surroundedby high density residential areas.

The property has accommodation over three floors withcolourwashed and rendered brick elevations and threeextensions, beneath a pitched slate roof covering with accesspoints to front and rear.

Accommodation: GF. (Front) Entrance leading to combined bar/lounge/function

room with side annexe and kitchen with steps down totoilet facilities and rear lobby leading to beer garden andrear access.

FF. Landing, very large living room, kitchen, two bedrooms,bathroom and two store rooms.

OS. (Rear) Beer garden and lawn with steps down to OsborneRoad access and separate ramp leading to beer stores.

Note:The property has ceased trading but has potential toreopen or alternative use, subject to necessary consents.

Tenure:Freehold.

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



THE WHITE HART HOTEL, GEORGE STREET, PONTYPOOL, GWENT, NP4 6BY

Lot no. 23TOWN CENTRE PUBLIC HOUSE

All forms of property work undertaken.

If you are thinking of buying at auction do it with your eyes open!

Morgan Arcade Chambers, 33 St Mary Street, Cardiff CF10 1PTelephone: 029 2022 1600 Email: enquiries @jmsolicitors.co.uk Website: www.jmsolicitors.co.uk

We can also help with:

• Landlord and tenant issues • Freehold acquisitions or lease management problems• Commercial contracts• Small business advice• Wills and deceased estates

Local consultations across South Wales available by appointment

Joint Auctioneers


TWO DERELICT COTTAGES AND LAND

FORMER HARPERS HALL COTTAGE AND SMALLANDCOTTAGE, MANORBIER, TENBY, SA70 7SL

Area of land extending to approximately three quarters of an acrelocated alongside the main road leading to the villages of Jamestonand Lydstep, approximately a mile from Manorbier beach,convenient for the larger towns of Pembroke and Tenby.

There are currently two derelict cottages on the site and weunderstand from the Vendors that website planning records show noplanning applications have been submitted as far back as records areavailable in 1994. However, all interested parties are advised tomake their own enquiries of Pembrokeshire National Parks PlanningDepartment in respect of any planning matters.

The land is sold subject to all rights, easements, claims, tenancies orany other agreements which may or may not exist.

Tenure:Freehold.

Viewing: The land is open for inspection.

Further information: Auctioneers Office, Seel & Co (029) 2037 0117


Lot no. 24

20

Buying or Selling at Auction

LEGAL HELPLINE029 2040 4020

22 Newport Road, Cardiff

A two storey bay fronted end of terrace house with two storeyannexe in a popular residential location in the Barry Dock area.Elevations are of stone, smooth and spar dash cement renderunder a pitched artificial slate roof covering.

Accommodation: GF. Porch, hallway, lounge/dining room.

FF. Landing, two bedrooms, bathroom.

OS. Forecourt, rear garden with pedestrian access to side.

Tenancy:The property is occupied by a protected tenant under aRegulated Tenancy at a registered rent of £312.16 per month(£3,745.92 per annum). Further details from auctioneer’s office.

Tenure:Freehold.

Viewing:External only.

Further information:Auctioneers Office, Seel & Co (029) 2037 0117



RESIDENTIAL INVESTMENT – PROTECTED TENANCY

35 JEWEL STREET, BARRY, VALE OF GLAMORGAN, CF63 3NQ

Lot no. 25

A two storey corner premises with rendered andcolourwashed elevations beneath a profile sheet roofcovering, comprising a well laid out ground floorreception/office with separate external door andstairs to flat above. The property has partial doubleglazed windows and central heating (not tested).Potential to let as two separate units for investment income.

Accommodation: GF. Glazed double entrance doors to reception

area and open plan office counter, inner office,side lobby with access to stairs and rear stores.

FF. Landing, lounge, kitchen, bathroom, bedroom(potential to convert into two bedrooms atminimal cost).

OS. Parking space for up to four vehicles.

Tenure:Freehold.



TAXI BOOKING OFFICE AND PARKING WITH FLAT OVER – POTENTIAL INVESTMENT

REAR OF 1 CLIVE STREET, CAERPHILLY, MID GLAMORGAN, CF83 1GE

Lot no. 26


Lot no. 28 FIRST FLOOR FLAT - POTENTIAL INVESTMENT

8 EAST COURT, 170/171 EAST ROAD, TYLORSTOWN,RHONDDA, MID GLAMORGAN, CF43 3BU

A modernised and recently decorated conversion flat on the first floor of a midterrace house, alongside the main road through the village with central heatingradiators fitted but no boiler.

Accommodation: Communal entrance hall:

FF. Living room, with recessed kitchen area, bedroom and bathroom.

Tenure: Leasehold.



Lot no. 27 POTENTIAL INVESTMENT/DEVELOPMENT OPPORTUNITY

53 CLIFTON STREET, SPLOTT, CARDIFF, CF24 1LS

A vacant shop unit formerly used as a hairdressing salon occupying the groundfloor of this traditional mid terraced building the first floor of which has been soldoff on long lease. The property has a spar rendered front elevation and pitchedtiled roof situated amidst local and multiple traders in this secondary retaillocation.

The property is considered to have redevelopment potential, subject to thenecessary consents being obtained. In this respect it is recommended that anyredevelopment or proposed use changes are discussed with the DevelopmentControl Department of Cardiff City Council prior to purchase.

Accommodation:GF. Entrance hall, salon area (approximately 39 sq m including wc).

FF. Sold off on long lease at a rental advised to be £50 per annum.

OS. Small, private and enclosed rear yard.

Tenure:Freehold.



A traditional type mid terrace house with rear extension alongsidethe main road through the village with local shops and moreextensive facilities approximately 4 miles away in Pontypridd. Theproperty has a pointed stone front elevation with uPVC doubleglazed fenestration and gas fired central heating (not tested),beneath a pitched tiled roof covering. The rear elevation is sparrendered with two single storey extensions, one with a tiled roof andone flat roof.

Accommodation:GF. Recessed porch, entrance hall, large combined lounge/dining

room, spacious kitchen/breakfast room, rear lobby with fullytiled bathroom and separate wc.

FF. Landing, three bedrooms.

OS. Patio and steps up to overgrown rear garden with pedestrianrear access.

Tenure:Freehold.




PART MODERNISED HOUSE FOR FURTHER IMPROVEMENT

112 ROBERT STREET, YNYSYBWL, PONTYPRIDD, MID GLAMORGAN, CF37 3EA

Lot no. 30

A walled builder’s storage yard with double gates accessed viaprivate shared laneway in a convenient location just off CaerphillyRoad with easy access to the main road network and access to the M4 motorway. The yard comprises approximately 1,800 sq ft of open space with consent to erect a new building over the entire area.

Once developed the building would be suitable for a wide variety of storage or workshop uses, hence ideal for owner occupation or investment. A copy of the planning consent and plans areavailable from the auctioneer’s office.

Tenure:Freehold.



WALLED YARD WITH CONSENT TO ENCLOSE – POTENTIAL INVESTMENT

YARD REAR OF 48 NORTON AVENUE, BIRCHGROVE, CARDIFF, CF14 4AJ

Lot no. 29



Lot no. 31 END TERRACE HOUSE FOR REFURBISHMENT

23 ORBIT STREET, SPLOTT, CARDIFF, CF24 0JX

A traditional end terrace two bedroom house located in close proximity to thecity centre and convenient for access to M4 motorway links, having a pebble dashrendered front elevation beneath a pitched slate roof covering. The propertybenefits from uPVC double glazing and gas central heating (not tested), but is inneed of refurbishment throughout.

Accommodation:GF. Entrance hallway, two reception rooms, rear extension housing kitchen (sink

only), bathroom with separate wc.

FF. Landing, two bedrooms.

OS. Enclosed rear garden.

Tenure:Freehold.


Guide Price £68,000 +

END OF AUCTIONPLEASE REFER TO AUCTIONEERS FOR DETAILS OF ANY LATE ENTRIES


TELEPHONE/PROXY BIDDING FORM

DATE OF AUCTION: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ LOT NO: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

BIDDERS NAME: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ADDRESS: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

TELEPHONE NUMBER: BUSINESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ HOME _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

TELEPHONE NUMBER AT TIME OF AUCTION: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

SOLICITOR’S NAME: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ADDRESS: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ F.A.O. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

TELEPHONE NO: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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 iftelephone bid is not required).

The bid that I hereby Authorise is: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Lot No: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Auction Date: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Address of Lot: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Telephone No: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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.

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.

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.


COMMON AUCTION CONDITIONS

INTRODUCTIONThe common auction conditions have three main sections:

1. Glossary

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

2. The conduct of the auction

These conditions regulate the conduct of theauction. If you read our catalogue or attend theauction you do so on the basis that you acceptthem

3. Conditions of sale

If you buy a lot you will sign a sale memorandumunder which you agree to be bound by theconditions of sale that apply to that lot. Theseconditions are:

• General conditions that apply to all lots

• Any extra general conditions in the catalogueor an addendum

• Special conditions that only apply to the lotyou 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:

• Take professional advice from a conveyancer and, inappropriate cases, a chartered surveyor and anaccountant

• Read the conditions

• Inspect the lot

• Carry out usual searches and make usual enquiries

• Check the content of all available leases and otherdocuments relating to the lot

• Check that what is said about the lot in thecatalogue is accurate

• Have finance available for the deposit and purchaseprice

• Check whether VAT registration and election isadvisable.

The conditions assume that the buyer has acted like aprudent buyer.

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

GLOSSARYIn the conditions wherever it makes sense:

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

• a ‘person’ includes a corporate body

• words of one gender include the other genders

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

Actual completion date

The date when completion takes place or is treated astaking place for the purposes of apportionment andcalculating interest

Addendum

An amendment or addition to the conditions whethercontained in a supplement to the catalogue, a writtennotice from the auctioneers or an oral announcement atthe auction

Agreed completion date

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

(b) if no date is specified, 20 business days after thecontract date

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

Arrears

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

Auction

The auction advertised in the catalogue

Auctioneers

The auctioneers at the auction

Business day

Any day except (a) a Saturday or a Sunday (b) a bankholiday in England and Wales or (c) Good Friday orChristmas Day

Buyer

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

Catalogue

The catalogue to which the conditions refer including anysupplement to it

Completion

Completion of the sale of the lot

Conditions

This glossary, the conditions for the conduct of theauction, the general conditions, any extra conditions andthe special conditions

Contract

The contract by which the seller agrees to sell and thebuyer agrees to buy the lot

Contract date

The date of the auction or, if the lot is not sold at theauction:

(a) the date of the sale memorandum signed by boththe seller and buyer or

(b) if contracts are exchanged, the date of exchange. Ifexchange is not effected in person or by anirrevocable agreement to exchange made bytelephone, fax or electronic mail the date ofexchange is the date on which both parts have beensigned and posted or otherwise placed beyondnormal retrieval.

Documents

Documents of title (including, if title is registered, theentries on the register and the title plan) and otherdocuments listed or referred to in the special conditionsrelating to the lot

Extra conditions

Any additions to or variations of the conditions that are ofgeneral application to all lots

General conditions

The conditions so headed

Interest rate

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

Lot

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

Old arrears

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

Particulars

The section of the catalogue that contains descriptions ofeach lot

Practitioner

A receiver, administrative receiver or liquidator or a trusteein bankruptcy

Price

The price that the buyer agrees to pay for the lot

Ready to complete

Ready, willing and able to complete: if completion wouldenable the seller to discharge all financial charges securedon the lot that have to be discharged by completion, thenthose outstanding financial charges do not prevent theseller from being ready to complete

Sale memorandum

The form so headed set out in the catalogue in which theterms of the contract for the sale of the lot are recorded

Seller

The person selling the lot

Special conditions

The conditions so headed that relate to the lot

Tenancies

Tenancies, leases, licences to occupy and agreements forlease and any documents varying or supplemental to them

Transfer

Includes a conveyance or assignment (and to transferincludes to convey or to assign)

TUPE

The Transfer of Undertakings (Protection of Employment)Regulations 1981 as modified or re-enacted from time totime

VAT

Value Added Tax or other tax of a similar nature

VAT election

an election to waive exemption from VAT in respect of thelot

We (and us and our)

The auctioneers

You (and your)

Someone who has a copy of the catalogue or who attendsor bids at the auction, whether or not a buyer


THE CONDUCT OF THE AUCTION

The Catalogue is issued only on the basis that You acceptthese conditions relating to the conduct of the Auction. They override all other Conditions and can only be varied ifWe agree.

OUR ROLEAs agents for each Seller we have the authority to:

l Prepare the Catalogue from information supplied by oron 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 aSale Memorandum or pay a deposit as required by theConditions.

Our decision on the conduct of the Auction is final.

We may cancel the Auction, withdraw Lots from sale, or alterthe order in which Lots are offered for sale. We may alsocombine or divide Lots.

You acknowledge that to the extent permitted by law We owe You no duty of care and You have no claim againstUs for any loss.

BIDDING AND RESERVE PRICESWe 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 bewithdrawn from the Auction. The Seller may bid (or ask Us oranother agent to bid on the Seller’s behalf) up to the reserveprice but may not make a bid equal to or exceeding thereserve price.

Where a guide price is given that price is not to be taken as anindication of the value of the Lot or of the reserve price.

THE PARTICULARS AND OTHER INFORMATIONWe have taken reasonable care to prepare Particulars thatcorrectly describe each Lot. However, the Particulars arebased on information supplied by or on behalf of the Sellerand We are not responsible for errors.

The Particulars are for Your information but You must notrely on them. They do not form part of any Contract betweenthe 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 CONTRACTA successful bid is one We accept as such.

If You make a successful bid for a Lot You are obliged to buythat Lot on the terms of the Sale Memorandum. The Pricewill be the amount You bid plus VAT (if applicable). You mustbefore leaving the Auction.

l Provide all information We reasonably need from You toenable us to complete the Sale Memorandum includingappropriate proof of identity.

l Sign the completed Sale Memorandum

l Pay the deposit.

and if You do not We may either:

l As agent for the Seller treat that failure as Yourrepudiation of the Contract and offer the Lot for saleagain: the Seller may then have a claim against You forbreach of contract

l Sign the Sale Memorandum on Your behalf.

Deposits must be paid by cheque or by bankers’ draft drawnon an Approved Bank in Our favour. The Catalogue stateswhether We also accept cash, or debit or credit cards.

We may retain the Sale Memorandum signed by or on behalfof 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 actingas an agent. It is Your responsibility to obtain anindemnity from the person for whom You are the agent

l Where the Buyer is a company You warrant that theBuyer is properly constituted and able to buy the Lot

l If the Buyer does not comply with its obligations underthe Contract You are personally liable to buy the Lot andmust indemnify the Seller in respect of any loss theSeller incurs as a result of the Buyer’s default.


The general conditions apply except to the extent that they are varied by extra conditions, the specialconditions or by an addendum.

1. The lot

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

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

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

(a) matters registered or capable of registration as local land charges

(b) matters registered or capable of registration by any competent authority or under theprovisions 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 andcountry 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 wouldmake, 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 andindemnify the seller against liability.

1.4 The seller must notify the buyer of any notices, orders, demands, proposals and requirements ofany competent authority of which it learns after the contract date but the buyer must complywith 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 theseller is not liable if they are not fit for use.

1.7 The buyer buys with full knowledge of:

(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 inspectionof it, whether or not the buyer has inspected it.

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

2. Deposit

2.1 The amount of the deposit is the greater of:

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

(b) 10% of the price exclusive of VAT.

2.2 The deposit:

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

(b) is to be held as stakeholder unless the special conditions provide that it is to be held asagent for the seller.

2.3 Where the auctioneers hold the deposit as stakeholder they are authorised to release it and anyinterest on it to the seller on completion or, if completion does not take place, to the personentitled 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 thecontract 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 allrisk of loss or damage unless:

(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.

3.2 If the seller is to insure the lot then the seller:

(a) must produce to the buyer on request relevant insurance details

(b) must use reasonable endeavours to maintain that or equivalent insurance and pay thepremiums 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 interestnoted 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 respectof loss or damage arising after the contract date

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

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

(a) to the buyer or

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

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 intooccupation prior to completion.

4. Title

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

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

(a) if the lot is registered land the seller is to give to the buyer within five business days ofthe contract date an official copy of the entries on the register and title plan and of alldocuments 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 daysan abstract or epitome of title starting from the root of title mentioned in the specialconditions (or, if none is mentioned, a good root of title more than 15 years old) andmust 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 morethan seven business days after that information has been given to the buyer.

4.3 Unless otherwise stated in the special conditions the seller sells with full title guarantee exceptthat:

(a) all matters recorded in registers open to public inspection are to be treated as within theactual knowledge of the buyer and

(b) any implied covenant as to compliance with tenant’s obligations under leases does notextend to the state or condition of the lot where the lot is leasehold property.

4.4 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 toanswer any requisitions raised by the Land Registry and to instruct the Land Registry to send thecompleted 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 soldunder the contract.

4.6 The seller does not have to produce, nor may the buyer object to or make a requisition inrelation 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 theagreed completion date and the engrossment (signed as a deed by the buyer if condition5.2 applies) five business days before that date or (if later) two business days after thedraft has been approved by the seller and

(b) the seller must approve or revise the draft transfer within five business days of receiving itfrom the buyer.

5.2 If the seller remains liable in any respect in relation to the lot (or a tenancy) followingcompletion the buyer is specifically to covenant in the transfer to indemnify the seller againstthat liability.

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

6. Completion

6.1 Completion is to take place at the offices of the seller’s conveyancer, or where the seller mayreasonably require, on the agreed completion date. The seller can only be required to completeon 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 ofapportionments plus (if applicable) VAT and interest.

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

(a) direct transfer to the seller’s conveyancer’s client account and

(b) the release of any deposit held by a stakeholder.

6.4 Unless the seller and the buyer otherwise agree completion takes place when both havecomplied with their obligations under the contract and the total payment is unconditionallyreceived 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 betreated, for the purposes of apportionment and calculating interest, as if it had taken place onthe next business day.

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 givethe other notice to complete within 10 business days (excluding the date on which the notice isgiven) 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 otherremedy the seller has:

(a) rescind the contract

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

(c) forfeit the deposit and any interest on it

(d) resell the lot and

(e) claim damages from the buyer.

GENERAL CONDITIONS OF SALE


GENERAL CONDITIONS OF SALE continued...

7.4 If the seller fails to comply with a notice to complete the buyer may, without affecting any otherremedy 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 cancelany registration of the contract

(b) the seller must return the deposit and any interest on it to the buyer (and the buyer mayclaim it from the stakeholder, if applicable) unless the seller is entitled to forfeit thedeposit 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 iswhat the landlord can lawfully require.

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

9.4 The seller must:

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

(b) enter into any authorised guarantee agreement properly required.

9.5 The buyer must:

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

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

9.6 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 anyobligation under this condition) by notice to the other rescind the contract at any time beforelicence is obtained. Rescission is without prejudice to the claims of either seller or buyer forbreach of this condition 9.

10. Interest and apportionments

10.1 If the actual completion date is after the agreed completion date for any reason other than theseller’s default the buyer must pay interest at the interest rate on the price (less any depositpaid) 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 hasreceived that sum in cleared funds. The seller must pay to the buyer after completion any sum towhich the buyer is entitled that the seller subsequently receives in cleared funds.

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

(a) the buyer is liable to pay interest and

(b) the seller has given notice to the buyer at any time up to completion requiringapportionment on the date from which interest becomes payable.

10.4 Apportionments are to be calculated on the basis that:

(a) the seller receives income and is liable for outgoings for the whole of the day on whichapportionment is to be made

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

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

(d) rent payable in arrear for a period that includes the day of apportionment is to beapportioned for that period as if paid in advance.

11. Arrears

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

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 legalproceedings, distrain or forfeit the tenancy

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

(c) on request, at the cost of the seller, assign to the seller or as the seller may direct theright to demand and sue for old arrears, such assignment to be in such form as the seller’sconveyancer may reasonably require

(d) if reasonably required, allow the seller’s conveyancer to have on loan the counterpart ofany 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 orforfeit 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’ssuccessor in title a covenant in favour of the seller in similar form to this condition 11.

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

12. 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 pendingcompletion.

12.3 Unless set out in the special conditions the seller must consult the buyer on all managementissues that would affect the buyer after completion, such as an application for licence or a rentreview under a tenancy, a variation, surrender, agreement to surrender or proposed forfeiture of atenancy, or a new tenancy or agreement to grant a new tenancy and:

(a) 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 wouldnot otherwise have, in which case the seller may act reasonably in such a way as to avoidthat liability

(b) if the seller gives the buyer notice of the seller’s intended act and the buyer does notobject within five business days giving reasons for the objection the seller may act as theseller intends, and

(c) the buyer is to indemnify the seller against all loss or liability the seller incurs throughacting as the buyer requires, or by reason of delay caused by the buyer.

13. Rent deposits

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

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

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

(a) observe and perform the seller’s covenants and conditions in the rent deposit deed andindemnify 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.

14. VAT

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

14.2 Where the special conditions state that no VAT election has been made the seller confirms thatnone has been made by it or by any company in the same VAT group nor will be prior tocompletion.

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 atransfer 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:

(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 ofthe VAT registration and that a VAT election has been made and notified in writing toHM Revenue and Customs

(d) must not revoke the VAT election.

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

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

(a) retain and manage the lot for the buyer’s own benefit as a continuing business as a goingconcern 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

(a) the seller must on or as soon as reasonably practicable after completion transfer to thebuyer all VAT records for the lot and

(b) the buyer must keep those records available for inspection by the seller at all reasonabletimes.

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

(a) the seller’s conveyancer is to notify the buyer’s conveyancer of that finding and provide aVAT 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 sellerthe VAT due and

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

16. Capital allowances

16.1 This condition applies where the special conditions state that there are capital allowancesavailable in respect of the lot.

16.2 The seller is promptly to supply to the buyer all information reasonably required by the buyer inconnection 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 outin the special conditions.

16.4 The seller and buyer agree:

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

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

17. Maintenance agreements

17.1 The seller agrees to use reasonable endeavours to transfer to the buyer, at the buyer’s cost, thebenefit 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 contractsfrom the actual completion date.


18. Landlord and Tenant Act 1987

18.1 This condition applies where the sale is a relevant disposal for the purposes of part I of theLandlord and Tenant Act 1987.

18.2 Unless the special conditions state otherwise the seller warrants that the seller has compliedwith sections 5B and 7 of that Act and that the requisite majority of qualifying tenants has notaccepted 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 connectionwith the sale or the performance of the seller’s obligations. The transfer is to include adeclaration excluding the personal liability of the practitioner and of the practitioner’s partnersand staff.

19.4 The lot is sold:

(a) 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 providedabout 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 isappointed, the document of appointment by the lender and the practitioner’s acceptanceof appointment, and

(b) the seller may require the transfer to be by the lender exercising its power of sale underthe Law of Property Act 1925.

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

20. TUPE

20.1 Unless the special conditions state that TUPE applies then the seller warrants that there are noemployees whose contracts of employment will transfer to the buyer on completion.

20.2 If the special conditions state that TUPE applies then:

(a) the seller has informed the buyer of those employees whose contracts of employmentwill transfer to the buyer on completion

(b) not less than five business days before the agreed completion date the buyer mustconfirm to the seller that the buyer has offered to employ those employees on the sameterms as, or better terms than, their existing contracts of employment

(c) the buyer is to keep the seller indemnified against all liability for those employees aftercompletion.

21. 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 ofthe lot and has given the buyer the opportunity to carry out investigations (whether or not thebuyer has read those reports or carried out any investigation) and the buyer admits that thepricetakes into account the environmental condition of the lot.

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

22. Service charge

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

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 servicecharge 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

(d) any service charge expenditure that is not attributable to any tenancy and is for thatreason irrecoverable.

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) exceedattributable service charge expenditure, the seller must pay to the buyer an amount equalto the excess when it provides the service charge account

(b) attributable service charge expenditure exceeds payments on account (whether thosepayments have been received or are still then due), the buyer must use all reasonableendeavours to recover the shortfall from the tenant at the next service chargereconciliation date and pay the amount so recovered to the seller within five businessdays 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 mustpay any incurred in respect of the period before actual completion date and the buyer must payany incurred in respect of the period after actual completion date. Any necessary monetaryadjustment is to be made within five business days of the seller providing the service chargeaccount to the buyer.

22.6 If the seller holds any reserve or sinking fund on account of future service charge expenditure:

(a) the seller must assign it (including any interest earned on it) to the buyer on completionand

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

23. Rent reviews

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

23.2 The seller may continue negotiations or rent review proceedings up to the actual completiondate but may not agree the level of the revised rent or commence rent review proceedingswithout the written consent of the buyer, such consent not to be unreasonably withheld ordelayed.

23.3 Following completion the buyer must complete rent review negotiations or proceedings as soonas reasonably practicable but may not agree the level of the revised rent without the writtenconsent 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, includingcopies of all correspondence and other papers, and

(b) use all reasonable endeavours to substitute the buyer for the seller in any rent reviewproceedings.

23.5 The seller and the buyer are to keep each other informed of the progress of the rent review andhave 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 forany increased rent and interest recovered from the tenant that relates to the seller’s period ofownership 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 anyinterest recoverable from the tenant has not been received by completion the increased rent andany 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 andproceedings.

24. Tenancy renewals

24.1 This condition applies where the tenant under a tenancy has the right to remain in occupationunder part II of the Landlord and Tenant Act 1954 (as amended) and references to notices andproceedings are to notices and proceedings under that Act.

24.2 Where practicable, without exposing the seller to liability or penalty, the seller must not withoutthe 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.

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

24.4 Following completion the buyer must:

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

(b) use all reasonable endeavours to conclude any proceedings or negotiations for the renewalof the tenancy and the determination of any interim rent as soon as reasonablypracticable at the best rent or rents reasonably obtainable

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

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

25. Warranties

25.1 Available warranties are listed in the special conditions.

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 whogave the warranty

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

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

(a) hold the warranty on trust for the buyer

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

26. No assignment

The buyer must not assign, mortgage or otherwise transfer or part with the whole or any part ofthe 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 orthe 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 isgiven when delivered or received. If delivered or received after 1700 hours on a business day it isto 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 havebeen received it must be sent by first-class registered or recorded delivery post to the address ofthe person to whom it is to be given as specified in the sale memorandum. Such acommunication 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 intitle and, to the extent permitted by the conditions, by the auctioneers.

GENERAL CONDITIONS OF SALE continued...


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 cannotguarantee that you will be invited to increase your bid in the event of analternative, satisfactory offer being received prior to exchange.

DATE OF NEXT AUCTION 18TH MAY 2010 CLOSING DATE FOR ENTRIES 21ST APRIL 2010

FOR FREE AUCTION APPRAISAL TOENTER A PROPERTY TO AUCTION

FOR MORE INFORMATION ONANY OF THE ABOVETelephone: (029) 2037 0117Fax: (029) 2023 7544Email: [email protected] call in at our office : R H Seel & Co

The Crown HouseWyndham CrescentCantonCardiffCF11 9UH

Please contact

■ Wendy Jones (029) 2037 0116

■ Mansel Edmunds (029) 2037 0117

■ Eleanor Byrne (029) 2037 0117

■ Kristy Perry (029) 2037 0104

■ Penny Cody (029) 2037 0122

■ Matt Tyler (029) 2037 0105

MEMORANDUM OF CONTRACT

AGREEMENT DATE: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

LOT NO: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

PROPERTY: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

PURCHASERS NAME: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ADDRESS: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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

TEL NO: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

I /We do acknowledge that we have this day purchased the property described in the attached particulars and subject to theforegoing conditions.

for the sum of: £ _ _ _ _ _ _ _ _ _ _ having paid to the Auctioneers a deposit of: £ _ _ _ _ _ _ _ _ _ _

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

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

COMPLETION DATE: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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

NAME OF SIGNATORY: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

PURCHASE PRICE: £ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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

BALANCE PAYABLE: £ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

VENDOR: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

SIGNED AS AGENTS FOR VENDOR(S): _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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

ADDRESS: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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

TEL NO: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

F.A.O _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

DULY AUTHORISED TO ACCEPT NOTICES FOR PURPOSE OF THIS CONTRACT.

CM

YK

Park Inn CardiffCircle Way East

LlanedeyrnCardiff

CF23 9XF

Tel: 029 2058 9988

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