property auction - venmore auctions · regulations, the continued low interest rates and a ......

www.venmores.co.uk | 0151 236 6746

The Town Hall, High Street, Liverpool, L2 3SW

PropertyAuction1.00pm Tuesday21st July 2015


Perfect timeto buyWelcome to our summer auction, once more thecatalogue offers a range of properties with the bulkmaking attractive investments for landlords. Therehas been a change in the profile of investor at ourAuctions during the past 12 months with investorsfrom outside the City being attracted by a number offactors including the changes in pensionregulations, the continued low interest rates and acombination of low entry level and decent yields.Liverpool remains an attractive market as theaverage sale price of an investment property isroughly the same cost as the average UK housedeposit which rose to more than £72,000, accordingto an index released by the Mortgage Advice Bureau(MAB) who began collating the figures in March2009.The recently introduced City wide licensing schemehasn’t deterred investors as the majority ofinvestors use an agent who will ensure the propertymeets all of the regulatory requirements. Within ourProperty Management department we have seen anincrease in people moving from managing itthemselves as the amount of work to remainlicensed increases, we have a couple of experts atthe auction who will help guide investors onregulation in the City.Generally the market is strong with average time tosell reducing however the amount of propertiescoming to market, either through the Auction orstandard sales is reducing. The great advantageremains for Auction for both vendor and purchaserof a sale agreed and exchanged on the day asexchanging and completing sales through astandard agency contract have increaseddramatically as conveyancing solicitors get busierand banks remain cautious.Looking at some of the properties in the cataloguesome make ideal bridging finance propositions, thecost of bridging is really competitive at the moment,again there are experts both at the auction andadvertising in the catalogue who can help. Good luck at the Auction today.Geoff GuestAuction Director

A Quick Guide to AuctionsPrior to AuctionWe would advise that the majority of auction properties can be inspected prior to the auctiondate. Viewing can be made by contacting the Auction Team on 0151 236 6746.Each lot is sold subject to the conditions of sale as printed in this catalogue and containedwithin the Contract. We would recommend you seek legal advice if you are in any doubt as tothe content of these conditions.If you are interested in bidding for a lot, we suggest that you pass a copy of this catalogue toyour Solicitor who can then start the necessary legal enquiries. As you will enter into a bindingcontract with the fall of the hammer and pay a non-refundable deposit, your financialarrangements should be made in advance.In the event that you are unable to attend the Auction it is possible to bid by telephone or proxyand further details can be obtained from Venmore Auctions. All bidders who cannot attend onthe date must register their telephone or proxy bid by 10am on the day of the auction.A guide price is provided for each lot. This is intended purely as an indication of the suggestedvalue a reserve price is set for each property and this figure is not disclosed to the public priorto the auction date.Sometimes a property may be sold prior to auction, postponed or withdrawn. We advise thatyou check our website or telephone the auction department on the morning of the Auction toconfirm that the lot(s) you are interested in are included in the sale.On Auction DayAn auction addendum sheet will be made available on our website and on the day of auction.We would advice all interested parties check the addendum for any variations to the propertythey are bidding on.Legal packs for each property will be available on our website prior to the auction and are alsoavailable in the auction room for inspection. There will also be solicitors in attendance at theauction if you have any queries on the legal packs.You do not need to pre-register to attend the auction, however if you are intending on biddingon a lot(s), you will need to bring with you 2 forms of identification, details of your solicitors andyour 10% Deposit and Buyers fee which can be paid by card, cheque, bankers draft or cash.

Contact Us...Geoff Guest - DirectorEmail: [email protected]

Helen Wilson - Auction Co-ordinatorEmail: [email protected]

Ronan Connolly - Auction Sales ManagerEmail: [email protected]

Ruby Fletcher - Auction Co-ordinatorEmail: [email protected]

Price Information*Guide prices are provided as an indication of each seller's minimum expectation.They are not necessarily figures which a property will sell for and may change at anytime prior to the auction. Each property will be offered subject to a Reserve price (afigure below which the Auctioneer cannot sell the property during the auction) whichwe expect will be set within the Guide Range or no more than 10% above a singlefigure Guide.Reserve price is the seller’s minimum acceptable price at auction and the figure belowwhich the auctioneer cannot sell. The reserve price is not disclosed and remainsconfidential between the seller and the auctioneer. Both the guide price and thereserve price can be subject to change up to and including the day of the auction.

We are now accepting instructions for our

1st October 2015 Auction

Closing date 4th September 2015

Contact our team on 0151 236 6746


Order of LotsLots 1-44

Lot Address Guide Price*

* Please refer to inside front cover.

1 148 Belmont Road, Liverpool, L6 5BJ £30,000 Plus

2 55 Acorn Court, Liverpool, L8 5TA £40,000 Plus

3 Land adjacent to 60 Kremlin Drive, Liverpool, L13 7BZ £25,000 - £30,000

4 53 Seaforth Road, Liverpool, L21 3TX £50,000 - £55,000

5 12 New Road Court, Liverpool, L13 8EF £15,000 Plus

6 26 Dinorwic Road, Liverpool, L4 0UB £40,000 Plus

7 39A Island Road, Liverpool, L19 6PA £180,000 Plus

8 39 Brook Hey Drive, Liverpool, L33 6UL £55, 000 Plus

9 33 Seabank Road, Southport, PR9 0EJ £110,000 Plus

10 105 Sandbrook Road, Southport, PR8 3JF £75,000 Plus

11 180 Walton Village, Liverpool, L4 6TW £90,000 Plus

12 85 & 86 Melrose Road, Kirkdale, Liverpool, L4 1RP £45,000 - £50,000

13 Workshops, Yard & Land to rear of, 86 Melrose Road, Liverpool, L4 1RP £30,000 Plus

14 169 - 173 Kensington, Liverpool, L7 2RF £250,000 Plus

15 Flat 1, 20 Crescent Road, Wallasey, CH44 0BQ £45,000 Plus

16 Flat 2, 20 Crescent Road, Wallasey, CH44 0BQ £45,000 Plus

17 189 County Road, Walton, Liverpool, L4 5PB £75,000 Plus

18 46b Freehold Street, Liverpool, L7 0JJ SOLD PRIOR

19 1 Leonard Street, St. Helens, WA9 3HY £45,000 Plus

20 4 Roscoe Street, St. Helens, WA10 4BW £45,000 Plus

21 11 Derwent Road West, Liverpool, L13 6QP £35,000 - £40,000

22 45 Needham Road, Liverpool, L7 0EE £40,000 Plus

23 139 Rice Lane, Liverpool, L9 1AF £45,000 Plus

24 141 Rice Lane, Liverpool, L9 1AF £45,000 Plus

25 63 Stonehill Street, Liverpool, L4 2QA £30,000 - £35,000

26 13 Hawthorne Road, Bootle, L20 2DG £30,000 Plus

27 3 Epstein Court, Liverpool, L6 9JD £15,000 Plus

28 5 Carisbrooke Road, Liverpool, L4 3QU £50,000 - £60,000

29 12 Marlborough Grove, Prenton, CH43 5RJ £130,000 Plus

30 23-25 Grange Mount, Oxton, CH43 4XN £240,000 Plus

31 12 Westcott Road, Liverpool, L4 2RF £35,000 - £40,000

32 23 Westcott Road, Liverpool, L4 2RE £35,000 - £40,000

33 260 Walton Breck Road, Liverpool, L4 0SZ £35,000 - £40,000

34 109 Little Heyes Street, Liverpool, L5 6SF £30,000 - £35,000

35 48 Breeze Lane, Liverpool, L9 1BS £35,000 Plus

36 61 Harebell Street, Liverpool, L5 7RL £25,000 - £30,000

37 92 Woodchurch Lane, Prenton, CH42 9PD £125,000 Plus

38 15 Bodley Street, Liverpool, L4 4HU £35,000 Plus

39 13 Blossom Street, Bootle, L20 5BB £45,000 Plus

40 7 Lismore Court, Blundellsands Road East, Liverpool, L23 8SF £60,000 Plus

41 6 B Bridge Road, Crosby, Liverpool, L23 6SG £60,000 Plus

42 99b Church Road, Formby, Liverpool, L37 3ND £80,000 Plus

43 41 Towcester Street, Liverpool, L21 8JG £40,000 Plus

44 14 Moss Lane, Orrell Park, Liverpool, L9 8AJ £110,000 Plus

Notice toprospective buyers

1. PARTICULARS OF SALE

1.1 It is your responsibility to check the following mattersin respect of each Lot you are interested in before theAuction:

• All measurements & Areas• Description & Location• Lease & Occupiers Details• Fixtures & Fittings• Contamination & Structure

1.2 You are advised to check the above matters by:

• Inspection• Survey• Enquiry• Searches

2. CONDITIONS OF SALE

2.1 If you are the successful Bidder of any Lot you will,from the moment that the Auctioneers gavel falls,become legally bound by the conditions of sale in relationto that lot.

2.2 It is assumed that you have read and considered theconditions of sale and any other relevant documents andthat you have taken professional advise before bidding.

2.3 The conditions of sale consist of the following:

• This Notice to Prospective Buyers• The Common Auction Conditions as printed atthe back of the catalogue

• The Special Conditions of Sale for each lot(available at the Auctioneers offices or online)

• Any Addendum relating to the Lot

3. LIABILITY OF BIDDER

3.1 If you bid at Auction, you will be personally liable inrespect of any accepted bid. This will be the case if youbid as agent or other representative for another party

3.2 If you bid as agent or representative then you and theperson or organisation on whose behalf you have bid willbe jointly and severally liable under the contract of sale.

4. ORDER OF SALE, SALES PRIOR TO AUCTIONAND WITHDRAWN LOTS

4.1 Lots will be offered for sale at the auction inaccordance with the order of sale, printed hereafter. Anannouncement will be made regarding all lots that havebeen sold prior or withdrawn from sale.

4.2 The Auctioneers have the right to sell or to withdrawnlots without giving reasons at any time before the salebegins

4.3 You should contact the Auctioneers before the auctionto check whether lots have been sold prior or withdrawn.

4.4 Neither the Auctioneers nor the Seller will have anyresponsibility towards you in relation to any loss orwasted costs that you may incur in respect of lots soldprior or withdrawn.

5. GUIDE PRICES AND RESERVES

5.1 The guide prices are listed in the catalogue, this ispurely an estimate of the price that the auctioneersconsiders the lot might be sold for. It is your responsibilityto decide how much you should bid for any lot.

5.2 The Auctioneers have not carried out valuations forany of the lots to be offered for sale at the auction.

5.3 You are strongly advised to consult your ownprofessional advisors regarding the value of any lot.

5.4 The reserve price for any lot might exceed or be lowerthan the guide price quoted at any time for that lot.

5.5 The majority of lots will be offered for sale subject toa reserve price. Any exceptions will be announced on theday of the auction

6. PROCEDURES

6.1 When a lot is knocked down to you by the auctioneer,a legally binding contract is immediately created. Theterms of the contract will be those set out in theconditions of sale referred to above.

6.2 After the lot is knocked down to you, you must giveyour details, including your name, address, and solicitorsname and address and produce identification such as adriver’s license or passport.

6.3 If you do not give your details when requested or paythe deposit, the auctioneers have the right to re-offer thelot for sale and to treat you as being in breach of contract.Even if the lot is re-offered for sale, the Seller might havea legal right or action against you for the breach ofcontract.

6.4 The lot will be at your risk from the moment it isknocked down to you by the auctioneers which meansthat you should immediately arrange for it to be insured.If this is not the case, it should be made clear in thespecial conditions of sale for that lot.

7. DEPOSIT

7.1 If a lot is knocked down to you must pay the deposit,which is usually 10% of the sale price subject to aminimum of £2,000. The amount of the deposit might bealtered by the special conditions of sale for the lot so youshould check them carefully before the auction. You willalso be required to pay the Buyers Fee of £400.00+Vat.This may vary and will be noted within the SalesParticulars or on the addendum issued on day of auction.

7.2 Cheques for the deposit are acceptable unless

otherwise stated. Bankers Drafts, Building SocietyCheques and Solicitors Client accounts cheques are alsoacceptable.

7.3 We can accept payment for the deposit and buyersfees by Credit or Debit Card, however there is a 3%administration charge if this is paid by credit card.

7.4 Deposit cheques are accepted on the basis that thereare adequate cleared funds in the account upon whichthe cheque is drawn. The Seller may take action againstyou if your cheque is not honoured on first presentation.You are therefore strongly advised to ensure there areadequate funds available in the account to meet anydeposit cheque(s) that are drawn as a result of theauction.

7.5 All deposit cheques should be made payable toVenmore Auctions, unless the special conditions of salestate otherwise

8. PROXY & TELEPHONE BIDDING

8.1 If you are unable to attend the auction you may beable to bid by proxy or telephone.

8.2 If this is the case, you will need to complete theregistration form printed towards the back of thecatalogue and send it to the auctioneers with yourdeposit before the auction.

8.3 If you bid by proxy or telephone, you will be legallybound by the terms and conditions printed at the backof the catalogue.

9. LEGAL PACKS

9.1 Legal packs are available Online and at theauctioneers offices prior to auction, however please makecontact to check whether they are available.

9.2 The legal packs will be available for inspection byprospective buyers or their legally representativesapproximately 2 hours before the commencement of thesale in the auction room.

9.3 If you require copies of the legal pack for a particularlot please contact the Auction team on 0151 236 6746or go online to www.venmoreauctions.co.uk

10. KEYS

10.1 Potential buyers wishing to inspect the propertyprior to auction must do so by arrangement with theauctioneer’s offices.

10.1 The successful purchaser will not be entitled to keysor access to vacant properties until the completion of thesale. If access is required it may be arranged through ouroffices with the permission of the seller or the sellerssolicitor.

CH

WA

WA

L38

L23

L22L21

L30

L31

L33L32

L10

L9

L4

L5

L3L2

L1

L6

L7

L13

L11

L12

L34

L36

L35

L26

L27

L25

L24

L19

L18

L16L15

L17

L8

L14

L20

L29

A large scale map is available onthe inside back cover.

What happens next?If you are thinking of buying, call the sales team on 0151 236 6746 and they willanswer any questions you may have.

If you like the property, arrange a viewing, one of the team will show your around the property. You can make a bidbefore the auction day, and if a good enough bid the seller might decide not to go to auction. If you want to buyon auction day, don’t be shy, make sure the auctioneer sees your bid, don’t leave the auction house wishing youhad bid further on a good investment. If you win your bid, then you will need to pay 10% deposit (min £1500) andpay a £400 + Vat buyers fee and then complete the transaction in 28 days.

As with the nature of auctions there is no exact selling price but the valuer will be able to provide you with a guideof its selling price in the current market. But don’t be surprised if properties sell for more than double the guideprice, thats just the nature of auctions!

If you are thinking of Selling, call the sales team on: 0151 236 6746 and they willarrange a free auction valuation at a time to suit you.



Previous Auction Results28th May 2015

Lot Address Sold for Available at Lot Address Sold for Available at

1 73 Fountains Close, Liverpool, L4 4QB SOLD PRIOR

2 82 Bishopgate Street, Liverpool, L15 1EW SOLD

3 127 Gloucester Road, Bootle, L20 9AJ SOLD

4 68 Needham Road, Liverpool, L7 0EQ POSTPONED

5 85/86 Melrose Road, Kirkdale, Liverpool, L4 1RP AVAILABLE

6 12 Westcott Road, Liverpool, L4 2RF AVAILABLE

7 23 Westcott Road, Liverpool, L4 2RE AVAILABLE

8 42 Cedar Road, Whiston, Prescot, L35 2XA AVAILABLE £100,000

9 26 Fleet Lane, St. Helens, WA9 1SX POSTPONED

10 26 Howson Street, Birkenhead, CH42 2BR SOLD

11 Strand Tavern, 245 Strand Road, Bootle, L20 3HJ AVAILABLE £90,000

12 39 Grantham Street, Liverpool, L6 6BU AVAILABLE £42,000

13 103-107 Linacre Road, Liverpool, L21 8NS AVAILABLE £175,000

14 97A Linacre Road, Liverpool, L21 8NS SOLD

15 109 Bedford Road, Bootle, L20 2DL SOLD PRIOR

16 14 Grantham Street, Liverpool, L6 6BX SOLD LATER

17 7 Prospect Court, Liverpool, L6 8PD SOLD

18 10 Prospect Court, Liverpool, L6 8PD SOLD

19 69 Scargreen Avenue, Liverpool, L11 3AY SOLD

20 19 Lime Grove, Seaforth, Liverpool, L21 3TT SOLD

21 109 Little Heyes Street, Liverpool, L5 6SF AVAILABLE

22 81 Sutcliffe Street, Liverpool, L6 6AS SOLD PRIOR

23 56 Sutcliffe Street, Liverpool, L6 6AT SOLD PRIOR

24 57 Sutcliffe Street, Liverpool, L6 6AS SOLD PRIOR

25 33 Seabank Road, Southport, PR9 0EJ AVAILABLE

26 5A Bolton Road, Southport, PR8 4BE WITHDRAWN

27 1 Honeys Green Lane, Liverpool, L12 9EN SOLD

28 1 Kings Avenue, Meols, Wirral, CH47 ONH POSTPONED

29 4 Micklefield Road, Liverpool, L15 5BT WITHDRAWN

30 8 Primrose Court, Liverpool, L36 8DH SOLD

31 8 Ellel Grove, Liverpool, L6 4AB AVAILABLE £80,000

32 15 Bodley Street, Liverpool, L4 4HU AVAILABLE

33 161 Westminster Road, Liverpool, L4 4LR WITHDRAWN

34 163 Westminster Road, Liverpool, L4 4LR WITHDRAWN

35 Units 1, 2 & 3 Link Road, Huyton, Liverpool, L36 6AP WITHDRAWN

36 17 Cheadle Avenue, Liverpool, L13 3AE SOLD LATER

37 15 Cheadle Avenue, Liverpool, L13 3AE SOLD LATER

38 29 Crosby Road North, Waterloo, Liverpool, L22 0LD SOLD PRIOR

39 76 Graham Street, St. Helens, WA9 1LY POSTPONED

40 139 - 145 Rice Lane, Liverpool, L9 1AF AVAILABLE

41 Warehouse & Garages to the rear of, Finvoy Road, Liverpool, L13 8DG POSTPONED

42 Offices & yard to rear of, Finvoy Road, Liverpool, L13 8DG POSTPONED

43 114/114A Aigburth Road, Liverpool, L17 7BP SOLD LATER

44 530 New Chester Road, Wirral, CH62 2AY SOLD

45 41 Towcester Street, Liverpool, L21 8JG POSTPONED

46 188 Brighton Street, Wallasey, CH44 8DY AVAILABLE £77,000

47 23-25 Grange Mount, Oxton, CH43 4XN AVAILABLE

48 6 B Bridge Road, Crosby, Liverpool, L23 6SG AVAILABLE

49 91 Telegraph Road, Heswall, Wirral, CH60 0AE WITHDRAWN

50 21 Kingsland Road, Birkenhead, CH42 9NN WITHDRAWN

51 54 Galloway Street, Liverpool, L7 6PD SOLD

52 57 Galloway Street, Liverpool, L7 6PD SOLD LATER

53 23 Netherfield Road South, Liverpool, L5 4LS SOLD

54 63 Stonehill Street, Liverpool, L4 2QA AVAILABLE

55 38 Woburn Hill, Liverpool, L13 6RL POSTPONED

56 260 Walton Breck Road, Liverpool, L4 0SZ AVAILABLE

57 289 Breck Road, Everton, Liverpool, L5 6PU SOLD

58 22 Russian Drive, Liverpool, L13 7BT POSTPONED

59 1 Hinton Street, Fairfield, Liverpool, L6 3AP SOLD

60 139 Moscow Drive, Liverpool, L13 7DQ WITHDRAWN

61 36 Wellington Street, Garston, Liverpool, L19 2LX SOLD

62 169 - 173 Kensington, Liverpool, L7 2RF AVAILABLE

63 27 Rawlins Street, Liverpool, L7 0JE SOLD LATER

64 37 Tudor Street , Liverpool, L6 6AG SOLD LATER

65 8-10 Townsend Lane, Anfield, Liverpool, L6 0BA AVAILABLE £60,000

66 4 Helena Road, St. Helens, WA9 4JP POSTPONED

67 48 Empress Road, Kensington, Liverpool, L7 8SE SOLD

68 96 B Grange Road West, Prenton, CH43 4XF SOLD

69 86 Gloucester Road, Anfield, Liverpool, L6 4DS SOLD LATER

70 13 Kremlin Drive, Liverpool, L13 7BU SOLD LATER

71 75 Sunlight Street, Liverpool, L6 4AG SOLD

72 12 Browning Close, Liverpool, L36 0UL SOLD

73 317 Walton Breck Road, Liverpool, L4 0SY SOLD PRIOR

74 228 - 232a Knowsley Road, Bootle, L20 5DG WITHDRAWN

75 7 Hopfield Road, Wirral, CH46 9RH SOLD

76 47 Middleton Road, Fairfield, Liverpool, L7 0JL SOLD

77 11 Westdale Road, Liverpool, L15 4HR SOLD

78 4 Broughton Drive, Liverpool, L19 0PB WITHDRAWN


Best Sellsfrom previous auction

Guide Price £40,000 Plus69 Scargreen Avenue, L11

sold for

£45,000

Guide Price £30,000 Plus289 Breck Road, L5

sold for

£51,000

Guide Price £35,000 Plus1 Hinton Street, L6

sold for

£46,000

Guide Price £70,000 Plus48 Empress Road, L7

sold for

£98,000

Guide Price £50,000 Plus7 Hopfield Road, CH46

sold for

£86,500

Guide Price £35,000 Plus11 Westdale Road, L15

sold for

£58,500


Future Auctions

Auction Dates 2015

1st October 2015

26th November 2015

Now taking instructions forour October auction,

Demand is highest it’s beenfor years book early for your

100% free appraisal

To arrange a free no obligation appraisal please contact the auction team

on 0151 236 6746 or [email protected]

VenueThe Town HallHigh StreetLiverpoolL2 3SW

Tel 0151 236 6746

www.venmores.co.uk | 0151 236 6746* Please refer to inside front cover.

148 Belmont Road, Liverpool, L6 5BJGuide Price* £30,000 Plus RESIDENTIAL

LOT

1

DescriptionVery large 5 bedroom end terrace house in need of refurbishmentthroughout. Numerous properties of the same size on Belmont Roadhave been converted to provide 3 x one bedroom flats and so this hasthe same potential subject to obtaining the necessary consents. Thereis also potential to change to a 6/7 bedroom HMO, again subject to therelevant consents. There is plenty of room to increase the capital valueand either retain and rent as an investment property or for resale.

LocationAt the end of Belmont road close to the junction with Breck Road.There are numerous shops and amenities within walking distance withregular buses to Liverpool City Centre from right outside the front doorof the property.

AccommodationGround floor: Front reception, rear reception, dining room, kitchenFirst floor: 3 x bedrooms, bathroomSecond floor: 2 x bedroomsOutside: Yard to rear, on-street parking to the front

55 Acorn Court, Liverpool, L8 5TAGuide Price* £40,000 Plus RESIDENTIAL

LOT

2

DescriptionA one bedroom maisonette house located in a quiet cul-de-sac location offUpper Warwick Street benefitting from allocated parking and doubleglazing. The property is currently tenanted to a student at £400pcm/£4800pa, but is being sold with vacant possession as the tenant is leaving31st July. Ideal as a rental property with minor decoration required prior tore-letting. With the accommodation over ground and first floor the propertyis very attractive as a rental.

LocationFronting Park Place but accessed from Upper Warwick Street close tolocal amenities and within walking distance of Liverpool city centre andall universities.

AccommodationGround Floor: Entrance hall, kitchen, lounge/dinerFirst Floor: 1 Bedroom, bathroomOutside: Communal gardens, allocated parking

Why Buy?

• 1 Bedroom maisonette house• Allocated parking• Quiet cul-de-sac location• Close to city centre

Why Buy?

• 5 Bedrooms• Requires refurbishment• Potential flat conversion• Good rental location


Land adjacent to 60 Kremlin Drive, Liverpool, L13 7BZGuide Price* £25,000 - £30,000 LAND

LOT

3

DescriptionThis is an opportunity to purchase a small parcel of land that has beengiven full planning permission to build a lower ground and 3 upperstorey property to provide 4 x two bedroom flats. Each floor will have itsown separate 2 bedroom flat with a communal front entrance andcommunal rear parking. Should the property be developed to a goodstandard then the development value could be in the region of£260,000 - £300,000 should each individual flat be sold for £65,000 -£75,000. Alternatively if retained as an investment, if each flat was to berented for £475pcm, then the total annual income would be £22,800pa.

Full plans are available on request or can be found on Liverpool CityCouncil Planning using Application number: 15F/0148

LocationThe property is accessed from Queens Drive mid way betweenTuebrook, Old Swan and West Derby. There are numerous shops, barsand restaurants on nearby West Derby Road. Liverpool City Centre isonly 4 miles away with regular public transport links close by.

Why Buy?

• Planning permission granted• 4 x 2 bedroom flats• Good rental & sale area• Ideal small development

53 Seaforth Road, Liverpool, L21 3TXGuide Price* £50,000 - £55,000 INVESTMENT

LOT

4

DescriptionThis is a three storey mixed use mid terrace property comprising of a groundfloor retail unit trading as Beauty Rocks, with a separate two bedroom selfcontained flat to the upper floors. The ground floor unit is currently let on a 5 yearlease from October 2013 at a rental of £350pcm/£4,200pa. The flat is accessedfrom the rear of the building and over first and second floors. It is currently let toa professional by way of an Assured Shorthold Tenancy holding over from 2013at a rental of £450pcm/£5400pa. The property benefits from steel roller shuttersand double glazing. With a total annual income of £9,600pa, if the property waspurchased at £55,000, then the gross yield return would be over 17%. Ideal as along term investment.

LocationThe property is situated on a busy main road close to its junction with the A5036and close to Seaforth and Litherland Railway Station. Plenty of shops and

amenities within walking distance and good public transport links to LiverpoolCity Centre.

AccommodationGround floor: Retail unit with shop floor, treatment room, kitchenette, WC, rear storage roomFirst floor: Kitchen, bathroom, living roomSecond floor: 2 x double bedroomsOutside: On-Street parking, yard to rearNB - Venmores have not carried out an internal inspection of the flat

Why Buy?

• Current income £9,600pa• Retail unit & flat

• Central location• Ideal investment


12 New Road Court, Liverpool, L13 8EFGuide Price* £15,000 Plus INVESTMENT

LOT

5

DescriptionThis is a studio flat that is currently tenanted on an AST and is achieving£260 pcm. The property benefits from double glazing and electricheaters. Ideal as a long term investment with high yield potential.

LocationThe property is accessed directly from West Derby Road in Tuebrook.There are numerous shops, bars, schools and amenities within walkingdistance. Liverpool City Centre is only 3 miles away with regular buseswithin close proximity.

AccommodationVenmores have not carried out an internal inspection but believe theproperty to comprise: Bathroom, kitchen/ living room/ bedroomOutside: Communal parking

Why Buy?

• Good location• Currently tenanted

• Achieving £260 pcm• Ideal investment

26 Dinorwic Road, Liverpool, L4 0UBGuide Price* £40,000 Plus INVESTMENT

LOT

6

DescriptionThis is a mid terrace 3 bedroom property that is currently tenanted onan AST at £121pw/£6,292pa. The property benefits from doubleglazing and central heating. Ideal as an investment with rental demandhigh in the area. The Anfield stadium and surrounding area are currentlyundergoing a massive regeneration scheme which should vastlyimprove the area over the next few years.

LocationThe property can be assessed directly from Walton Breck Road. Thereare numerous shops and amenities within walking distance. AnfieldStadium is a minutes walk from the property and Liverpool City Centreis only 2.5 miles away with regular public transport close by.

AccommodationVenmores have not carried out an internal inspection but believe theproperty to be configured as:Ground floor: Entrance hall, Front reception, rear reception, kitchenFirst floor: 3 x bedrooms, bathroomOutside: Yard to rear, on-street parking to frontNB: Any interested parties are advised to have the propertyinternally inspected to check the accuracy of property detailsadvertised.

Why Buy?

• 3 Bedrooms• Double glazing

• Central heating• Tenanted at £6,292pa


39A Island Road, Liverpool, L19 6PAGuide Price* £180,000 Plus INVESTMENT

LOT

7

DescriptionA large three storey Victorian property which in the past has beenconverted into 3 self contained flats. Flats 2 & 3 are currently let onAssured Shorthold Tenancies producing a gross annual rental incomeof £9,900. Flat 1 which is the largest and best flat on the ground floor iscurrently owner-occupied however when let could achieve a rental of£550.00 pcm, taking the potential annual rental income toapproximately £16,500. The property benefits from double glazing andgas fired central heating and each of the flats is in good decorativeorder. The property also benefits from a large cellar.

LocationThe property is situated fronting Island Road overlooking Long Lanerecreation ground approximately 4 miles south of Liverpool City Centre.

AccommodationGround Floor: Communal entrance, hallway, Flat 1 - Open plan Livingroom, Kitchen, 2 bedrooms, bathroom, conservatory leading onto patiogardenFirst Floor: Flat 2 - Hall, living room, 2 bedrooms, kitchen, bathroom -Let at £425 pcmSecond Floor: Flat 3 - Hall, living room, bedroom, kitchen, bathroom -Let at £400 pcmOutside: Gardens, driveway

Why Buy?

• Large Semi-detached house• Converted into three flats• Central heating & Double glazing• Rental income of £9,900 per annum


39 Brook Hey Drive, Liverpool, L33 6ULGuide Price* £55,000 Plus RESIDENTIAL

LOT

8

DescriptionThis is a good size 4 bedroom semi-detached house in need of minorrefurbishment and decoration. The property benefits from doubleglazing, central heating, conservatory and a large rear garden. Once ascheme of works have been completed the property would be ideal forre-sale on the open market or as an investment, with strong rentaldemand in the area.

LocationBrook Hey Drive runs between Simonswood lane and RoughwoodDrive in the Northwood area of Kirkby. There are numerous shops,schools and amenities in close proximity to the property. Liverpool CityCentre is only 9 miles away with regular public transport links close by.

AccommodationGround floor: Front porch, WC, front living room, dining room,conservatory, kitchen, utility roomFirst floor: 4 x bedrooms, bathroomOutside: Large garden to rear, drive way to the front

Why Buy?

• 4 Bedrooms• Large rear garden

• Front driveway• Double glazing

33 Seabank Road, Southport, PR9 0EJGuide Price* £110,000 Plus RESIDENTIAL

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DescriptionSubstantial 6/7 bedroom semi-detached house right in the heart ofSouthport. Currently used as a single residence but has the potential toturn into a HMO or converted to flats, subject to the relevant planningpermissions. The property benefits from central heating with a newboiler only 2 years old, wooden double glazing, 2 bathrooms, utilityroom, large yard and drive for 3-4 cars. In need of modernising withpotential to add value. Once finished would be ideal investment.

LocationThe property is on Seabank Road which links The Promenade and LordStreet right in the centre of Southport. There are numerous shops, bars,restaurants and amenities within a short walk. Perfect location for asmall guest house.

AccommodationCellar: Large roomGround floor: Entrance hall, living room, office/bedroom 1, bathroom,storage cupboard, kitchen/dining, utility room, bedroom 2 First floor: Bedroom 3, bedroom 4, storage cupboard, bedroom 5,bathroom, bedroom 6, bedroom 7Outside: Large yard to rear, front drive for 3-4 cars

Why Buy?

• 7 Bedrooms• Central location

• 2 bathrooms• Central heating


105 Sandbrook Road, Southport, PR8 3JFGuide Price* £75,000 Plus RESIDENTIAL

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DescriptionA two bedroom semi-detached bungalow benefiting from doubleglazing, central heating and garden to the rear. The property has beenfully refurbished and is suitable for immediate occupation or rental. Theproperty also benefits from a large plot to the side and rear, southfacing with unobstructed views. Ideal for a first time buyer, retirementhome or as an investment as being in such a high demand location.

LocationThe property is situated in a quiet cul-de-sac in a sought after locationclose to Ainsdale Village and local amenities.

AccommodationLiving room, Kitchen, 2 Bedrooms, BathroomOutside: Front paved area, Rear garden

Why Buy?

• 2 Bedroom bungalow• Sought after area• Double glazing• Central heating


180 Walton Village, Liverpool, L4 6TWGuide Price* £90,000 Plus INVESTMENT OPPORTUNITY

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DescriptionA three storey mid terrace property which has been converted toprovide 2 x 1 bedroom self-contained flats and 1 x 2 bedroom self-contained flat. We are informed the property has been fully refurbishedin the past 12 months and the flats are suitable for immediateoccupation or letting. When fully let the potential rental income wouldbe in excess of £15,000 per annum. The property benefits from doubleglazing, central heating and a hardwired fire alarm.

LocationThe property is situated in Walton Village at its junction with Waltonlane, a popular residential area approximately 3 miles north of LiverpoolCity Centre.

AccommodationGround Floor: Communal entrance, - Flat 1 - Living/ Dining room,kitchen, bedroom, bathroomFirst Floor: Flat 2 - Living room, 2 bedrooms, kitchen, bathroomSecond Floor: Open plan Living room/kitchen, bedroom, bathroomOutside: Yard

Why Buy?

• 3 Self-contained flats• Fully refurbished• Suitable for immediate occupation• Potential income in excess of £15,000


85 & 86 Melrose Road, Kirkdale, Liverpool, L4 1RPGuide Price* £45,000 - £50,000 INVESTMENT

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DescriptionTwo flats which have been extensively refurbished approximately 4years ago to include rewire, new roof, new kitchens, bathrooms. Oneflat has 2 bedrooms and the other is a 1 bedroom studio frontingMelrose Road. The 2 bedroom flat is currently let by way of an AssuredShorthold Tenancy producing £5,400 per annum with the studio let at£4,200pa, giving an annual income of £9,600pa. Both have their ownprivate front entrance to Melrose Road.

LocationSituated fronting Melrose Road within close proximity to local amenitiesjust a short walk from Kirkdale station and approximately 3 miles fromLiverpool city centre.

AccommodationGround Floor: Open plan kitchen/living room, bedroom, showerroom/WCFirst Floor: Hall, lounge, kitchen, 2 bedrooms, bathroom/WC

Why Buy?

• 2 refurbished flats• Rental income £9,600pa• Double glazed• New roof

Workshops, Yard & Land to rear of, 86 Melrose Road, Liverpool, L4 1RPGuide Price* £30,000 Plus COMMERCIAL

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DescriptionA substantial sized parcel of land with refurbished workshop and office,historically used as a dairy. The total site covers approximately 2,000m2and could suit redevelopment for residential use subject to gaining therelevant permissions. The site offers access from both Melrose Roadand Rumney Road West. The site has been recently cleared leavingjust a single storey office block and garage/workshop that has beenfully refurbished with a rewire, new roof and plastered. Ideal as abuilders yard or large enough that could be split into two good sizedplots. Viewing essential to appreciate the size, layout and potential forthe site.

NB Venmores recommend any interested parties carry out ownmeasurements.

LocationSituated fronting Melrose Road within close proximity to local amenitiesjust a short walk from Kirkdale station and approximately 3 miles fromLiverpool city centre.

AccommodationSingle storey office block, garage/workshop, large cleared site, 2 x entrance/exit points

Why Buy?

• Previous Dairy• 2 Entries with double steel gates• Workshops and cleared site

• Potential developmentopportunity

• Site approximately 2,000m2


169 - 173 Kensington, Liverpool, L7 2RFGuide Price* £250,000 Plus MIXED USE

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DescriptionThis is a large corner property configured to provide a large doublefronted retail unit and 7 x self contained flats. The retail unit waspreviously trading as a public bar but has now had the internal strippedback to provide one large shell unit. Almost completed internally oncethe external frontage was refurbished the unit would make an idealshop/office/estate agents, subject to the necessary consents. To theside and two upper floors above there are 6 x one bedroom flats with acommunal entrance to the front and 1 x two bedroom flat which has itsown private side entrance. Each flat has been refurbished only a fewyears ago and many only require redecorated prior to re-letting. Theproperty benefits from double glazing and each flat has their ownseparate meters.

With Liverpool Universities and the Royal Hospital within walkingdistance the property would be ideal for student lets onceimprovements have been made. If the retail unit is rented at £250pw,the one bedroom flats at £400pcm, and the two bedroom flat at£475pcm, then the potential gross annual income could be in theregion of £47,500pa once fully occupied.

LocationThe property is ideally located on Kensington in a popular student areawithin walking distance to numerous shops and the Royal LiverpoolHospital. Liverpool City Centre is about 1.5 miles away with bothuniversities within walking distance from the property.

AccommodationGround floor: Retail unit - large shop area, bathroom/WC, kitchen,suspended ceilings, rewired; Flat 1 - Ground floor - bedroom, bathroom, kitchen/living roomFlat 2 - First floor - bedroom, bathroom, living room, kitchenFlat 3 - First floor - bedroom, bathroom, living/kitchenFlat 4 - Second floor - bedroom, bathroom, living/kitchenFlat 5 - Second floor - bedroom, bathroom, living/kitchenFlat 6 - first floor - 2 x bedroom, bathroom, living room, kitchen - ownprivate entrance to side Flat 7 - Second floor - bedroom, bathroom, living room, kitchen, study

Why Buy?

• 6 x one bedroom • 1 x two bedroom• Double fronted retail• Student rental location


Flat 1, 20 Crescent Road, Wallasey, CH44 0BQGuide Price* £45,000 Plus INVESTMENT

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DescriptionA tenanted ground floor two bedroom apartment in a converted housewith one other apartment to the upper floor. The property benefits fromgas central heating and double glazing and is currently tenanted on anAST holding over at £500pcm/£6,000pa. The property shares acommunal front entrance, drive and garden. This apartment alsobenefits from being sold with the full property freehold and also privateuse of the rear garden.

LocationAccessed directly from Liscard Road across from Central Park inWallasey. There are plenty of shops and amenities within walkingdistance, regular public transport and easy access to Liverpool CityCentre through the Kingsway Tunnel.

AccommodationGround Floor: Bedroom 1, bedroom 2, kitchen , living room, bathroom

NB - Venmores have not carried out an internal inspection andall details provided by the vendor

Why Buy?

• Ideal for investment• Great location• 2 bedrooms• Gas central heating• Double glazing

Flat 2, 20 Crescent Road, Wallasey, CH44 0BQGuide Price* £45,000 Plus RESIDENTIAL

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DescriptionA vacant first floor three bedroom apartment in a converted house withone other apartment to the ground floor. The property benefits from gascentral heating and double glazing and with a small scheme ofrefurbishment to finish the property would be ideal as an investment orfor re-sale on the open market. Sharing a communal front drive andgarden. This apartment is sold on a long leasehold.

LocationAccessed directly from Liscard Road across from Central Park inWallasey. There are plenty of shops and amenities within walkingdistance, regular public transport and easy access to Liverpool CityCentre through the Kingsway Tunnel.

AccommodationFirst floor: Bedroom 1, bedroom 2, bedroom 3, kitchen , living room,WC, bathroom with walk-in shower

Why Buy?

• Ideal for investment• Great location• 3 bedrooms

• Gas central heating• Double glazing


189 County Road, Walton, Liverpool, L4 5PBGuide Price* £75,000 Plus INVESTMENT

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Description3 storey middle terrace configured as a retail unit to the ground floorand large 2 bedroom flat to the upper floors. Retail unit is let by way ofa 5 year lease since August 2013 at a rent of £500pcm/£6,000pa toWorld of Beds. The 2 bedroom flat has its own separate front entrancefrom County Road and is let by way of a 6 month AST from June 2015at £500pcm/£6,000pa. This gives a total annual income of £12,000paand if purchased at £75,000 would offer a gross rental yield of 16%.Ideal as a long term investment. Property benefits from double glazingand electric roller shutters.

LocationLocated on County Road in a busy parade of shops. Only 2.5 milesaway from Liverpool City Centre with regular public transport. Access to

Queens Drive direct from County Road.

AccommodationGround floor: Retail unit - large shop floor and storage First floor: Kitchen, modern shower room, living roomSecond floor: 2 x large double bedroomsOutside: Yard to rear

46b Freehold Street, Liverpool, L7 0JJGuide Price* SOLD PRIOR RESIDENTIAL

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DescriptionA spacious three double bedroom second floor flat in good orderthroughout benefiting from double glazing central heating, modern fittedkitchen, private balcony and communal parking. The flat has beenpreviously let at £575pcm. Viewing is essential to appreciate the size andquality of accommodation on offer. We have been informed the ServiceCharge is £121.00 per calendar month

LocationSituated off Prescot Road close to local amenities and schooling withexcellent transport links into the city centre which is approximately 2.5miles away.

AccommodationEntrance hallway, lounge, kitchen, 3 double bedrooms, bathroom/WCOutside: Private balcony, communal parking and gardens

Why Buy?

• 3 Double bedrooms• Central heating and double glazing• Secure intercom entrance• Private balcony• Communal parking

Why Buy?

• Current income £12,000pa• Retail unit on 5yr lease• 2 Bedroom flat• Good rental location


1 Leonard Street, St. Helens, WA9 3HYGuide Price* £45,000 Plus RESIDENTIAL

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DescriptionThis is an end terrace property that has 4 bedrooms to the first floor,and large open plan living room/kitchen and bathroom to the groundfloor. The property has been finished to a good standard and is readyfor immediate occupation. The property was previously let with therental of £610.00 pcm (£7,320 pa) being paid direct by St HelensHousing Benefit department.

LocationThe property is located at the bottom end of Leonard Street close tothe junction with Helena Street and Junction Lane. There are numerousamenities and shops within walking distance and St. Helens JunctionRail station only a few minutes walk away. St. Helens Town Centre isonly 2 miles away.

AccommodationGround floor: Entrance hall, open plan living room, kitchen, bathroomFirst floor: 3 x bedrooms, bedroom 4/study/officeOutside: Yard to rear

Why Buy?

• 4 Bedrooms• Fully refurbished

• Sought after location• Ready for occupation

4 Roscoe Street, St. Helens, WA10 4BWGuide Price* £45,000 Plus COMMERCIAL

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DescriptionThis is a purpose built lock-up unit with secure electric roller shutterdouble opening. It is an ideal premises for the motor trade, fabrication,or storage with office space, subject to relevant change of use. Theproperty benefits from main drains and we have been advised by theowners the unit has 3 phase power. Sold with full Vacant possession.We have also been informed that the premises equates to a total 2,700sq ft (250 sq m), but Venmores advise that any interested parties carryout their own measurements for accuracy.

LocationThe property is just off Prescot Road in the mainly residential area ofWestpark just outside St. Helens. Ideal for access to Prescot or St.Helens Town Centre which is only 1.5 miles away.

Why Buy?

• B2 General Industrial• 2,700 sq ft (250 sq m)• Good location

Joint Agents


11 Derwent Road West, Liverpool, L13 6QPGuide Price* £35,000 - £40,000 RESIDENTIAL

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DescriptionThis is a good size 2 bedroom first floor self contained flat in need ofsome minor repair and decoration prior to letting. The flat is amaisonette and has a spiral staircase from the living room to a largekitchen diner and second bedroom. The property benefits from doubleglazing and central heating. After a small scheme of refurbishment theproperty would be ideal as an investment with a potential gross yield of15% if purchased at £40,000.

LocationDerwent Road West is accessed directly from Green Lane in Old Swan.There are numerous shops within walking distance with Liverpool CityCentre only 3 Miles away.

AccommodationCommunal entrance hall leading to stairsFirst floor: Bedroom, living room, shower roomMaisonette level; Large kitchen/diner, bedroom 2Outside: Communal gardens to front and rear

NB: Please note the buyers fee for this property will be £750.00 + Vat

45 Needham Road, Liverpool, L7 0EEGuide Price* £40,000 Plus RESIDENTIAL

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DescriptionThis is a mid terrace 2 bedroom property in a good rental area. Theproperty benefits from double glazing, central heating, modern kitchen andupstairs bathroom. The property would be ideal as a student let withdemand in the area very strong. There is the potential to reconfigure andcreate 4 letting rooms. If rented at £90pppw (inclusive) then the propertywould have the potential to get an annual income of £18,720pa.

LocationAccessed from either Holt Road on the Kensington side or Edge Lanethe property is ideally situated. There are numerous shops, bars,restaurants within walking distance with Liverpool City Centre only 1.5Miles away.

AccommodationGround floor: Entrance hall, through living/dining room, kitchenFirst floor: 2 x bedrooms, bathroomOutside: Yard to the rear, on-street parking to the front

NB: Venmores have not carried out an internal inspection and alldetails provided by the vendor

Why Buy?

• 2 Bedrooms• Good rental location• Potential to add value

• Double glazing• Central heating

Why Buy?

• Self contained maisonette• 2 Bedrooms

• Large kitchen/dining• Good rental area


139 Rice Lane, Liverpool, L9 1AFGuide Price* £45,000 Plus RESIDENTIAL

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DescriptionTerrace house converted to provide 2 self-contained flats, one on eachfloor. Each is fully self contained: bedroom, kitchen, living room, andbathroom. The flats are vacant and benefit from electric heaters anddouble glazing however are in need of some minor repair anddecoration prior to re-letting. Estimated rent of at least £375 pcm givinga potential annual gross income of £9,000pa.

Potential to have an advertising board on the gable end, subject toobtaining the necessary planning consents, and with Rice Lane a verybusy Road and a clear view from traffic travelling from Liverpool CityCentre it would be an ideal spot. This could be rented for an additional£1200pa, bringing the total potential annual income for the property toover £10,000pa.

LocationIt is at the top end of Rice Lane close to the Sainsburys. There arenumerous shops and amenities within walking distance. Liverpool CityCentre is only 3 miles away with good public transport links.

AccommodationFront entrance, Communal Hall139: Ground floor - Bedroom, bathroom, living room, kitchen139A: First floor - Bedroom, bathroom, living room, kitchen

Why Buy?

• 2 self contained flats• Popular rental location

• Potential Income £10,200 pa

141 Rice Lane, Liverpool, L9 1AFGuide Price* £45,000 Plus RESIDENTIAL

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DescriptionThis property consists of a terrace house which has been converted toprovide 2 self-contained flats, one on the ground floor and one on thefirst floor. Each flat is fully self contained and has a bedroom, kitchen,living room, and bathroom. The flats are vacant and benefit from electricheaters and double glazing however are in need of some minor repairand decoration prior to re-letting. Once the flats have had a scheme ofwork completed, depending on the standard of refurbishment, I wouldestimate that they could be rented for at least £375 pcm giving apotential annual gross income of £9,000pa.

LocationThe property is at the top end of Rice Lane close to the Sainsburys.There are numerous shops and amenities within walking distance.

Liverpool City Centre is only 3 miles away with good public transportlinks.

AccommodationFront entrance, Communal Hall141: Ground floor - Bedroom, bathroom, living room, kitchen141A: First floor - Bedroom, bathroom, living room, kitchen

Why Buy?

• 2 self contained flats• Popular rental location

• Potential Income £9,000 pa


63 Stonehill Street, Liverpool, L4 2QAGuide Price* £30,000 - £35,000 INVESTMENT

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DescriptionA two bedroomed middle terrace property let by way of an AssuredShorthold Tenancy producing £4,800 per annum. The property is ingood order throughout having been refurbished approximately 2 yearsago to include modern bathroom, fitted kitchen, central heating anddouble glazing.

LocationSituated off Oakfield Road within walking distance to Anfield FootballStadium in a popular residential area approximately 3 miles fromLiverpool City Centre.

AccommodationGround Floor: Entrance hall, lounge, kitchen, bathroomFirst Floor: Two bedroomsOutside: Yard to the rear

NB: We have not carried out an internal inspection on the propertyall details have been provided by the vendor.

13 Hawthorne Road, Bootle, L20 2DGGuide Price* £30,000 Plus MIXED USE

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DescriptionThis is a mid terrace property comprising of ground floor retail unit andupper floor one bedroom flat. The unit was previously trading as a hairsalon but could be for a variety of uses subject to some refurbishment andobtaining any necessary consents. The flat is currently rented on a 6 monthAST at £350pcm/£4,200pa. The property has the potential to achieve anannual rental income of over £8,000pa if the retail unit was let at £75pw ormore, and would give a gross rental yield well in excess of 20%.

LocationAt the top end of Hawthorne as it joins with Westminster Road, close tothe junction with Melrose Road. Kirkdale Rail Station is only a fewminutes walk away with Liverpool City Centre only 2.5 miles away.

AccommodationRetail unit: Electric remote controlled roller shutters, shop front,treatment rooms, kitchenette, w/cFirst floor flat: Entrance through the rear, Bedroom, kitchen, bathroom,living room

NB - Venmores have not carried out an internal inspection of theflat - all details provided by the vendor

Why Buy?

• Vacant retail unit• Tenanted flat

• Ideal investment • Good rental area

Why Buy?

• Good condition throughout• Producing £4,800 per annum• Close to Anfield Football stadium• Double glazing and central heating


3 Epstein Court, Liverpool, L6 9JDGuide Price* £15,000 Plus INVESTMENT

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DescriptionThis is a ground floor studio flat within a small development. Theproperty benefits from double glazing, electric heating, secure entranceand communal parking. Currently tenanted at £368.33 pcm. Ideal as aninvestment.

LocationThe property is accessed directly from Kensington or Molyneux Road.Numerous shops and amenities within walking distance. Liverpool CityCentre is only 1.5 miles away with regular public transport close by.

AccommodationSecure entrance, bathroom, kitchen, living/bedroomOutside: Communal gardens and parking

Why Buy?

• Good location• Currently tenanted• Achieving £368.33 pcm

5 Carisbrooke Road, Liverpool, L4 3QUGuide Price* £50,000 - £60,000 DEVELOPMENT OPPORTUNITY

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DescriptionLarge double fronted property with a central staircase configured toprovide 4 x one bedroom flats to the first and second floors and anadditional four large rooms to the ground floor, which would be ideal forconversion to provide further residential units, subject to obtaining therelevant consents. It is in need of refurbishment but could provide 6 xgood sized one bedroom flats with the potential, should they be rentedat £375pcm per unit, to achieve an annual rental income of £27,000.

LocationAt the bottom end of Carisbrooke Road close to the junction withCounty Road. The property is in an ideal location as there are numerousshops, bars, super markets within a minutes walk. There are alsoregular buses into Liverpool City Centre which is only 2 miles away.

AccommodationGround floor: 4 x roomsFirst floor: Flat 1 - Living room/kitchen, En-suite bedroom Flat 2: Livingroom/kitchen, En-suite bedroomSecond floor: Flat 3 - Living room/kitchen, En-suite bedroom Flat 4 -Living room/kitchen, En-suite bedroomOutside: Yard to rear, on-street parking to the front

Why Buy?

• 4 x one bed flats• Potential for more units

• In need of refurbishment• Good rental location


12 Marlborough Grove, Prenton, CH43 5RJGuide Price* £130,000 Plus INVESTMENT

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DescriptionThis is a large 3 storey semi detached property that has beenconfigured to provide 4 x one bedroom flats and 1 x two bedroom flat.The 4 x one bedroom flats share a communal side entrance with flattwo to the ground floor, flats 3 & 5 split level on the first and lower firstfloors, and flat 4 to the second floor. Flat one is a two bedroom flat thathas its own private entrance to the rear with access to their own privategarden, the accommodation is split over ground and lower groundfloors. The flats are all self contained, double glazed and require onlydecoration prior to re-letting. 2 of the flats are currently tenanted at acombined £650pcm, but with a small amount of investment there ispotential to rent all of the one bedroom flats for £375pcm, and the twobedroom flat for £450pcm, then achieve in excess of £24,000pa.

LocationSandwiched between Bessborough and Woodchurch Roads inPrenton. There are numerous shops and amenities within walkingdistance and Birkenhead Town Centre only 1 mile away. Good accessto public transport close by. Liverpool City Centre is only 4 miles away.

AccommodationFlat 1: Rear entrance: Ground floor - Kitchen, living room; LowerGround - 2 x double bedrooms, shower room, private gardenFlat 2: Ground floor: Bedroom, bathroom, living room/kitchen -Venmores not inspectedFlat 3: First floor: Kitchen/living room, shower room; Lower first:BedroomFlat 4: Second floor: Kitchen/living room, shower room, bedroomFlat 5: First floor: Kitchen/living room, shower room; Lower first:BedroomOutside: Private garden to rear, on-street parking to the front

Why Buy?

• 5 x self contained flats• Potential income £24,360pa• Good rental location• Scope to add value


23-25 Grange Mount, Oxton, CH43 4XNGuide Price* £240,000 Plus INVESTMENT

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DescriptionThis is a large mixed use property that has a tenanted car wash unit tothe front and a 3 storey residential block to the rear. There are 10 x onebedroom self contained flats spread over 3 storeys. At present 6 arefully tenanted on AST's and bringing in £2,090pcm/£25,080pa with theother 4 requiring some repair and decoration prior to letting. Thecommercial unit is trading as a car wash and paying rental income of£350pcm/£4,200pa. This gives a total combined current rental incomeof £2,440pcm/£29,280pa.

There is potential to convert the commercial unit at the front toresidential subject to getting all the relevant permissions and the someof the flats could be refurbished to try and maximise rental potential inthose. Should you convert the car wash to provide 2 further onebedroom flats and refurbish all of the current flats to high standards,then there is potential to charge per flat £395pcm/£4,740pa, andachieve a total gross annual income in excess of £50,000pa.

Why Buy?

• Mixed commercial/residential• Trading Car Wash • 10 x one bedroom flats• Good rental location• Current rental income of £25,080pa

Venmores have not inspected all of the property but have beeninformed by the vendor that each flat contains one bedroom, showerroom, kitchen/living room. There are 2 flats to the ground floor, 4 flatson the first floor, and 4 flats on the second floor. The flats to the groundfloor have their own front door with the other 8 flats sharing acommunal door with stairs to all floors. The car wash has a large opendrive way with two exits, covered service area, small offices, WC.

LocationGrange Mount is situated in the popular Oxton area of Birkenhead lessthan one mile from Oxton village with all its popular shops, bars andrestaurants and just a short walk from all the amenities of Birkenheadcentre. The nearby A41 gives easy access to the motorway networkand tunnel links directly to Liverpool city centre.

Rent schedule:Car wash - Tenanted at £350pcm/£4,200paFlat 1: Currently vacantFlat 2: Tenanted at £395pcm/£4,740paFlat 3: Currently vacantFlat 4: Tenanted at £390pcm/£4,680paFlat 5: Currently vacantFlat 6: Tenanted at £360pcm/£4,320paFlat 7: Tenanted at £300pcm/£3,600paFlat 8: Currently vacantFlat 9: Tenanted at £250pcm/£3,000paFlat 10: Tenanted at £395pcm/£4,740pa


12 Westcott Road, Liverpool, L4 2RFGuide Price* £35,000 - £40,000 INVESTMENT

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DescriptionA 3 bedroom middle terrace property situated in a popular residentiallocation, currently let by way of an Assured Shorthold Tenancyproducing £4,800 per annum. The property is in good order throughouthaving been refurbished approximately two years ago to includemodern bathroom, fitted kitchen, double glazing and central heatingand also velux window to the third bedroom.

LocationSituated of Breck Road within close proximity to local amenities andgood transport links, the property is within walking distance to AnfieldStadium and approximately 3 miles from Liverpool City Centre.

AccommodationGround Floor: Through lounge/dining room, kitchen, bathroomFirst Floor: Two bedroomsSecond Floor: Further bedroomOutside: Yard to the rearNB: We have not carried out an internal inspection on the propertyall details have been provided by the vendor.

23 Westcott Road, Liverpool, L4 2REGuide Price* £35,000 - £40,000 INVESTMENT

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DescriptionA 2 bedroom end terrace property situated in a popular residential location,currently let by way of an Assured Shorthold Tenancy producing £4,800per annum. The property is in good order throughout having beenrefurbished approximately two years ago to include modern bathroom,fitted kitchen, double glazing and central heating.

LocationSituated of Breck Road within close proximity to local amenities andgood transport links, the property is within walking distance to AnfieldStadium and approximately 3 miles from Liverpool City Centre.

AccommodationGround Floor: Through lounge/dining room, kitchen, bathroomFirst Floor: Two bedroomsOutside: Small yard to the rear

Why Buy?

• Good rental location• Good condition• Producing £4,800 per annum• Double glazing and central heating

Why Buy?

• Good rental location• Fully refurbished• 3 Bedroom

• Producing £4,800 per annum• Double glazing and central

heating


260 Walton Breck Road, Liverpool, L4 0SZGuide Price* £35,000 - £40,000 RESIDENTIAL

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DescriptionThis is a 3 bedroom mid terrace house in need of modernisation. Theproperty is a good size and offers 3 bedrooms, central heating, partialdouble glazing and also benefits from a downstairs wet room andupstairs bathroom. In need of refurbishment the property would be idealas an investment or to sell on the open market once works have beencompleted. The entire Anfield area is currently undergoing majorregeneration at present.

LocationThe property is located at the Breck Road end with plenty of shops,bars and schools within walking distance. Anfield Stadium is a minuteswalk from the property and Liverpool City Centre is only 2.5 miles awaywith regular public transport close by.

AccommodationGround floor: Living room, dining room, wet room/WC, kitchenFirst floor: 3 x bedrooms, bathroomOutside: Yard to rear, on-street parking to front

Why Buy?

• 3 Bedrooms• Central heating

• Downstairs wet room• Potential to add value

109 Little Heyes Street, Liverpool, L5 6SFGuide Price* £30,000 - £35,000 RESIDENTIAL

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DescriptionThis is a 3 bedroom mid terrace house in need of an update. The isbeing sold with vacant possession. Benefits from central heating anddouble glazing, and would be ideal as an investment property onceimprovements have been carried out.

LocationJust off Oakfield Road in a popular residential location within closeproximity to local amenities, schools and approximately 3 miles fromLiverpool city centre

AccommodationGround floor: Living room, kitchen, bathroomFirst floor: 3 x bedroomsOutside: Yard to rear, on-street parking to front

Why Buy?

• 3 Bedrooms• Double glazed

• Central heating• Good location

Joint Agents


48 Breeze Lane, Liverpool, L9 1BSGuide Price* £35,000 Plus RESIDENTIAL

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DescriptionThis is a good size 3 bedroom mid terrace house benefitting from amodern kitchen, double glazing and central heating. The propertywould be ideal as an investment once a scheme of decoration has beendone. There is potential to add value with some refurbishment andcould possibly be re-sold once finished.

LocationThe property is accessed directly from the top end of Rice Lane nearthe fly over. Plenty of shops within walking distance and Liverpool CityCentre only 2.5 miles away.

AccommodationGround floor: Entrance hall, living room, dining room, kitchenFirst floor: 3 x bedrooms, bathroomOutside: Decked yard to rear, on-street parking to front

NB - Venmores have not carried out an internal inspection and alldetails supplied by the vendor

61 Harebell Street, Liverpool, L5 7RLGuide Price* £25,000 - £30,000 RESIDENTIAL

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DescriptionThis is an end terrace 3 bedroom house in need of minor repair anddecoration prior to letting. The property has had a new heating system andboiler installed a short time ago, with a modern kitchen, 3 piece bathroom,and 3 good sized bedrooms. Ideal as a rental property once a smallscheme of work has been carried out.

LocationSituated Off Stanley Road in a popular residential locationapproximately 2.5 from Liverpool city centre.

AccommodationGround Floor: Entrance hall, open plan kitchen, living room, bathroomFirst Floor: 3 x bedroomsOutside: Yard to rear, on-street parking to the front

Why Buy?

• 3 bedrooms• Brand new boiler

• Double glazed• Good rental area

Why Buy?

• 3 Bedrooms• Good rental area• Double glazing • Central heating


92 Woodchurch Lane, Prenton, CH42 9PDGuide Price* £125,000 Plus INVESTMENT

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DescriptionThis is a large end terrace property that was converted to provide 4 xone bedroom flats and 1 x studio flat. Only one flat is currently vacantwhich is in need of refurbishment prior to letting. There is scope to addcapital value with the refurbishment of the vacant flat and also increasethe current rental income with minor work to some of the other flats. Ifthe one bed flats were improved and rented for £400pcm and thestudio to £350pcm then there is potential to take the total annual rentalincome to over £23,000pa. Two of the flats have their own privateentrance while the other three share a communal entrance to the sideof the property. Many of the tenants have been at the property for over5yrs making this ideal for a long term investment with potential for lowvoid periods.

LocationWoodchurch Lane is accessed direct from Woodchurch Road inPrenton. Close to Sainsburys and numerous shops within walkingdistance. Birkenhead Town Centre is only 1.5 miles away and LiverpoolCity Centre is only 5 miles through the Queensway Tunnel.

AccommodationFlat 1: Private front entrance - Ground floor: Bedroom, Bathroom,kitchen, living roomFlat 2: Side communal entrance - Ground floor: Kitchen, living room,bedroom, bathroom - same tenant over 9yrsFlat 3: Private rear entrance - Ground floor: Bathroom,kitchen/living/bedroom - same tenant over 5yrsFlat 4: Communal side entrance - Over first/second/third floor: kitchen,bathroom, living room, bedroom - needs refurbishmentFlat 5: Communal side entrance - first floor: kitchen, living room,bathroom, bedroomOutside: On-street parking to the front, yard to rear

Why Buy?

• 5 x self contained flats• Current income £15,324pa• Long standing tenants• Potential to add value


15 Bodley Street, Liverpool, L4 4HUGuide Price* £35,000 Plus RESIDENTIAL

LOT

38

DescriptionThis is a good size 3 bedroom mid terrace property which has beenrecently decorated and ready for immediate occupation. The propertybenefits from double glazing and central heating. There is also thepotential to increase value by making improvements to bathroom andkitchen and the property could possibly be sold on the open market ata profit. Otherwise the property is ideal as an investment with potentialrental income of £450pcm/£5,400pa should improvements be made atthe property.

LocationAccessed directly from Sleepers Hill in Anfield. The property is in apopular rental location with numerous bars, shops and amenities withinwalking distance on Anfield and Walton Breck Road close by. Liverpool

City Centre is only 2.5 miles away.

AccommodationGround floor: Entrance hall, front reception, rear reception, kitchen,bathroomFirst floor: 2 x double bedrooms, 1 x single bedroomOutside: Yard to rear, on-street parking to frontNB: Please note the buyers fee for this property will be £750.00 + Vat

13 Blossom Street, Bootle, L20 5BBGuide Price* £45,000 Plus INVESTMENT

LOT

39

DescriptionThis is a deceptively large 3 bedroom mid terrace house in good conditionthroughout and currently tenanted on a 6 month AST at £495.00 pcm. Theproperty benefits from double glazing and central heating, open planliving/dining room, large modern kitchen and the bathroom is to the firstfloor. Ideal as an investment.

LocationAccessed directly from Litherland Road in Bootle the property is withinwalking distance of Bootle Leisure Centre and numerous shops, barsand amenities on Stanley Road, Marsh and Linacre Lanes. LiverpoolCity Centre is only 5 miles away with Bootle New Strand Station a fewminutes walk away.

AccommodationGround floor: Entrance hall, through living/dining room, kitchenFirst floor: 3 x bedrooms, bathroomOutside: Yard to rear, on-street parking to front

Why Buy?

• 3 Bedrooms• Currently tenanted at £5,940pa• Good location• Double glazing & central heating

Why Buy?

• 3 Bedrooms• Double glazing

• Central heating• Recently decorated


7 Lismore Court, Blundellsands Road East, Liverpool, L23 8SFGuide Price* £60,000 Plus RESIDENTIAL

LOT

40

DescriptionThis is a ground floor 2 bedroom flat in need of modernisation. Theproperty is located in a well looked after development with only 6 flatsper block. The property benefits from double glazing and also has itsown private lock-up garage to the side. Ideal as a rental property oncerefurbished or even to resell on the open market.

LocationThe property is within a minutes walk of Crosby & Blundellsands RailStation and has numerous schools, shops, bars and restaurants closeby.

AccommodationSecure communal front and rear entrances, communal hall and stairs tothe upper 2 floors Ground floor flat: Entrance hall, bedroom 1, bedroom 2, Kitchen/diner,bathroom, living roomOutside: Parking to the rear, communal gardens to the front, lock-upgarage to the side

Why Buy?

• 2 Bedrooms• Potential to add value• Highly sought after area• Ideal for rental or resale

6B Bridge Road, Crosby, Liverpool, L23 6SGGuide Price* £60,000 Plus RESIDENTIAL

LOT

41

DescriptionThis is a second floor 2 bedroom flat in need of some decoration andmodernisation. The flat is a good size and once a scheme of work hasbeen completed would be ideal as a rental investment. The propertybenefits from double glazing and central heating.

LocationThe property is accessed directly from Mariners Road in Crosby. Thereare numerous shops on Bridge Road with Blundellsands & CrosbyRoad Rail Station 5 minutes walk away.

AccommodationSecond floor: Entrance hall, double bedroom, single bedroom,bathroom, kitchen, living roomOutside: Communal parking

Why Buy?

• 2 bedrooms• Good location

• Close to shops

Joint Agents


99b Church Road, Formby, Liverpool, L37 3NDGuide Price* £80,000 Plus INVESTMENT

LOT

42

DescriptionBright spacious 2 bedroom first floor apartment in good condition.Currently let by way of an assured shorthold tenancy paying £500pcm,but notice to increase to £625pcm/£7,500pa has been issued to thetenant. It has double glazing, central heating, en-suite to the masterbedroom, good size double for the second bedroom and large corneropen plan kitchen/living room with windows to the front and side. Soldon a long leasehold which specifies right to park to the Old Mill Laneside of the property. The property is accessed by private Church Roadentrance shared by only 2 other apartments, all with secure intercomsystems. Ideal as a rental investment with very few properties of thissize, quality and price coming to market in Formby.

LocationFronting Church Road at its junction with Old Mill Lane in popular andestablished residential location. There are numerous shops, bars andrestaurants within walking distance.

AccommodationFirst floor apartment: Entrance hall, master bedroom with en-suite, doublebedroom 2, family bathroom, large open plan kitchen/living roomOutside: Communal front entrance, communal parking to the side

41 Towcester Street, Liverpool, L21 8JGGuide Price* £40,000 Plus RESIDENTIAL

LOT

43

DescriptionThis is a mid terrace 3 bedroom house in need of some modernisation.The property benefits from central heating and good sized rooms. There ispotential to add value and would be ideal as an investment or to sell on theopen market once finished.

LocationTowcester Road is accessed from Linacre Road and Webster Street inSeaforth. There are numerous shops, amenities and schools close by.The property is just a few minutes walk from Seaforth Rail Station andonly just over 4 miles to Liverpool City Centre.

AccommodationGround floor: Entrance hall, open plan living/dining room, kitchenFirst floor: 3 x bedrooms, family bathroomOutside: Small yard to the rear, on-street parking to the front

Why Buy?

• 3 Bedrooms• Central heating• Good rental area• Potential to add value

Why Buy?

• 2 Bedrooms• Great rental location

• Double glazing• Potential £7,500pa income

Joint Agents


14 Moss Lane, Orrell Park, Liverpool, L9 8AJGuide Price* £110,000 Plus RESIDENTIAL

LOT

44

DescriptionThis is an extremely large semi-detached 7 bed property benefitingfrom central heating, gardens and off road parking. Followingrefurbishment the property would be suitable for occupation, resale orinvestment purposes. Planning permission for a 9 bed HMO has beensubmitted, is in the final decision stages, and will be fully granted priorto auction. Once works have been completed the property, if eachroom is rented for £90 per week, has the ability to achieve a grossannual income in excess of £40,000. Alternatively the property could berestored at a lower capital outlay into a spacious family home foroccupation or re-sale. This property offers a fantastic chance with anyproject to add large levels of equity and capital value.

There are various Green Deal Finance grants available for this propertyincluding for external wall insulation, floor insulation, room in roofinsulation, loft insulation, draught proofing, double glazing and a bio-mass boiler. All funding types and amounts available with the legalpack.

LocationThe property is situated facing Moss Lane in the Orrell Park area ofLiverpool, close to Walton Vale shopping area and Orrell Park Trainstation is only a few minutes walk away, making it ideal for peopleworking in Liverpool City Centre to live. There are numerous shops,bars and restaurants on nearby Walton Vale & Warbeck Moor.

AccommodationGround Floor: Hall, front living room, dining room, kitchenFirst Floor: 3 Bedrooms, bathroomSecond Floor: 4 BedroomsOutside: Gardens to front & rear, gated driveway to the front

Why Buy?

• 7 Bedroom House• Planning permission for 9 bed HMO• Close to Orrell Park train station• Central heating


Your property could be sold at ournext auction on the 1st of October 2015Closing date for instructions, 4th September 2015With a data base of thousands of cashbuyers why not try Venmore Auctionsas an alternative method of selling.

AUCTION

1ST OC

TOBER

Buying or Selling at auction and need immediate advice?

Call Paul Crowley & Co.’s Specialist Property Auction Lawyer Mike Carter on 00115511 226644 77336633

www.paulcrowley.co.uk

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While auctions may be unpredictable, you can always rely on us.

We attend over 300 auctions a year and know from experience that things don’t always go to plan. But whatever happens on sale day, you can bid with confidence knowing you have our expert team behind you.

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Property Management - Rob FarnhamTel: 0151 236 1166 Email: [email protected]

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Adam Partridge Liverpool next sale 5th August 2015Viewing 4th August 10am - 8pm

A selection of Antiques, Fine Art, Stamps, Ephemera,Fine Furniture, Decorative Arts and Ceramics, Oriental Works of Art,

Northern and Contemporary Art, Jewellery, Silver, and Toys

Free valuation days every Wednesday between 9:30am - 5:30pm

Full professional house clearance service available, home visits available by appointment

regular high quality Antiques and Fine Art auctions

18 Jordan Street, Liverpool, L1 0BPTelephone : 0151 709 8070

www.theliverpoolsaleroom.co.ukauctions@theliverpoolsaleroom.co.uk

A c.1958 Seeburg KD200 jukebox

sold for £1,300

A Victorian silver table bell in the form of a tortoise

sold for £2,200

Telephone / Proxybidder form

Date of Auction Lot Number

Type of Bid: PROXY / TELEPHONE (please circle as required)

I hereby instruct and authorise you to bid on my behalf in accordance with the terms and conditions attachedhereto and I understand that should my bid be successful the offer will be binding upon me.

Address of Lot

Maximum Bid Price £ Words

Deposit £ (To be 10% of maximum bid, minimum £2,000)

Buyers fee £400.00 + Vat (£480.00)

TOTAL £ (Cheque enclosed / Card details enclosed)

Purchasers Details

Full Name(s)

Company

Address

Postcode

Mobile Phone number Home/ Business Phone

Solicitors Details

Company Name & Address

Postcode

Phone Number Reference

I authorise the auctioneer to sign the Memorandum of Sale/Contract on my behalf and I recognise that I willthen be the fully bound purchaser of the property referred to above and must complete this transaction withinthe specified time in the Conditions of Sale

Signature of the Prospective Purchaser

Date

Telephone Bidders Note

1) A member of staff will attempt to contact the bidder by telephone prior to the lot concerned being offered for sale. If itis impossible to obtain telephone contact, or the line breaks down, the auctioneer is authorised to continue to bid onbehalf of the telephone bidder up to the maximum bid stated on this form.

2) Should the telephone bidder exceed the bidding price stated on this form, the balance of the deposit must beforwarded to the auctioneers promptly



Terms & Conditions forTelephone and Proxy Bidders

All prospective bidders wishing to bid by telephone or proxyshould complete and sign the Telephone/Proxy Bidding Formattached. The bidder shall have had sight of and accept the termsof the Sale Memorandum which will form part of the contractshould their bid be successful.

The Auctioneer reserves the right to refuse a bid on behalf of theTelephone/proxy bidder should there by any confusion as to theMaximum Bid Price or with any error in the accompanyingcheque.

A separate form must be completed for each Lot the bidderwishes to bid on.

The completed form(s) must be delivered to Venmore Auctions,Imperial Buildings, 9 Dale Street, Liverpool, L2 2SH by hand orpost no later than 24 hours prior to the auction commencing.

Any agreed alteration to any telephone/proxy bidding form at anytime, prior to, or on the day of the auction, must be done so inwriting and prior to the commencement of the auction.

The telephone/proxy bidder must provide a banker’s draft,solicitor’s client account cheque, person or company cheque,which must be drawn upon a UK clearing bank account of thebuyer and be for 10% of the maximum bid or £2,000, which everis the greater, to be made payable to Venmore Auctions.Alternatively the bidder can supply credit or debit card details tothe auction department who will deduct the deposit from the cardupon exchange of contracts.

The telephone/proxy bidder appoints the Auctioneer as agent andauthorises the Auctioneer to bid for the relevant Lot on behalf ofthe telephone/proxy bidder in such manner as the Auctioneerthinks fit up to the Maximum Bid Price.

The telephone/proxy bidder shall be considered to have inspectedthe Auction particulars for the relevant Lot, the general terms andconditions of sale, the Special Conditions of sale and anyamendments or addendums to any of these and to have fullknowledge thereof.

The telephone/proxy bidder authorises the Auctioneer or any dulyauthorised employee of Venmore Auctions as the proxy bidder’sagent to sign the Sale Memorandum incorporating all suchmatters at or after the auction.

The telephone/proxy bidder shall be deemed to have taken allnecessary professional and legal advice and to have made theappropriate enquiries, searches, surveys and inspections inrespect of any relevant Lot and has knowledge of anyannouncements made from the rostrum of any amendment oraddendum relating to the relevant Lot.

Venmore Auctions reserve the right not to bid on behalf of thetelephone/proxy bidder in the event of any error, doubt oromission, uncertainty as to any bid, or for whatever reason, and

give no warranty or agreement that any bid will be made on behalfof the bidder and accept no liability if no bid is made on behalf ofthe bidder for any Lot.

In the event that the telephone/proxy bidder is successful theAuctioneer will sign the Sale Memorandum on behalf of the seller(a binding contract between the seller and buyer is formed on thefall of the hammer) and forward the seller’s signed part of thecontract to the bidder’s solicitor.

In the event that the lot is knocked down to the proxy bidder,details of the amount of the deposit monies shall be inserted intothe Sale Memorandum. Where any cheque presented by a bidderin payment of the deposit exceeds the required 10% any excesswill not be returned and will form an increased deposit and will beheld in accordance with the general terms and conditions of saleor any variations on them contained in the special conditions.

The telephone/proxy bidder will be advised if the relevant Lot hasbeen successfully purchased on his behalf as soon as possibleafter the auction. In the event that the proxy bidder isunsuccessful at the auction, the deposit cheque or bankers draftshall be returned promptly by the Auctioneer to the proxy bidder.

The Auctioneer reserves the right to bid himself or through anagent up to the reserve price for the Lot.

Unless the relevant Lot is sold to the telephone/proxy bidder, theamount of the telephone/proxy bidders bid will not be disclosedto the Seller or any other person either during or after the salewithout the telephone/proxy bidders consent.

Telephone/Proxy bidders are advised to contact VenmoreAuctions immediately prior to the Auction to ensure that there areno amendments to the particulars of sale or conditions relating tothe relevant Lot or other matters relating to it. Thetelephone/proxy bidder will be deemed to have knowledge ofsuch amendments and will buy subject to them in any event.

If the telephone/proxy bidder wished to attend the Auction andbid in person they must notify the Auctioneer in writing and theAuctioneer will not make any bids on their behalf.

Two forms of identification in accordance with Money LaunderingRegulations must be submitted with all Proxy Bidding Forms. Fordetails of identification accepted please visit the websitewww.venmoreauctions.co.uk. Details are also available within theauction catalogue.

Successful bidders will also be required to pay a Buyer’sadministration fee in the sum of £400.00 Plus VAT for each Lotpurchased.

Please note all cheques are to be made payable toVenmore Auctions.


Common Auction Conditions(Third Edition)

INTRODUCTIONThe common auction conditions have three mainsections1. GlossaryThis gives special meanings to some words used inthe rest of the conditions2. Auction Conduct ConditionsThe Auction Conduct Conditions govern therelationship between the auctioneer and anyone whohas a catalogue, or who attends or bids at theauction. They cannot be changed without theauctioneer’s agreement.3. Sale ConditionsThe Sale Conditions govern the agreement betweeneach seller and buyer. They include generalconditions of sale and template forms of specialconditions of sale, tenancy and arrears schedulesand sale memorandum.

IMPORTANT NOTICEA prudent buyer will, before bidding for a lot at anauction:• Take professional advice from a conveyancer and,in appropriate 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 andpurchase price

• Check whether VAT registration and election isadvisable.

The conditions assume that the buyer has acted likea prudent buyer. If you choose to buy a lot withouttaking these normal precautions you do so at yourown risk.

GLOSSARYThis glossary applies to the auction conductconditions and the sale conditions.Wherever it makes sense:• singular words can be read as plurals, and pluralsas singular words;

• a person includes a corporate body;• words of one gender include the other genders;• references to legislation are to that legislation as itmay have been modified or re-enacted by the dateof the auction or the contract date (as applicable);and

• where the following words printed in bold blacktype appear in bold type they have the specifiedmeanings.

Actual completion dateThe date when completion takes place or is treatedas taking place for the purposes of apportionmentand calculating interest.AddendumAn amendment or addition to the conditions or to theparticulars or to both whether contained in asupplement to the catalogue, a written notice fromthe auctioneers or an oral announcement at theauction.Agreed completion dateSubject to condition G9.3:(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 firstsubsequent business day.Approved financial institutionAny bank or building society that has signed up tothe Banking Code or Business Banking Code or isotherwise acceptable to the auctioneers.ArrearsArrears of rent and other sums due under thetenancies and still outstanding on the actualcompletion date.Arrears scheduleThe arrears schedule (if any) forming part of thespecial conditions.AuctionThe auction advertised in the catalogue.Auction conduct conditionsThe conditions so headed, including any extraauction conduct conditions.AuctioneersThe auctioneers at the auction.Business dayAny day except (a) a Saturday or a Sunday; (b) abank holiday in England and Wales; or (c) GoodFriday or Christmas Day.

BuyerThe person who agrees to buy the lot or, ifapplicable, that person’s personal representatives: iftwo or more are jointly the buyer their obligations canbe enforced against them jointly or against each ofthem separately.CatalogueThe catalogue to which the conditions refer includingany supplement to it.CompletionUnless otherwise agreed between seller and buyer(or their conveyancers) the occasion when both sellerand buyer have complied with their obligations underthe contract and the balance of the price isunconditionally received in the seller’s conveyancer’sclient account.ConditionOne of the auction conduct conditions or salesconditions. The contract by which the seller agreesto sell and the buyer agrees to buy the lotContractThe contract by which the seller agrees to sell andthe buyer agrees to buy the lot.Contract dateThe 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.If exchange 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.DocumentsDocuments of title (including, if title is registered, theentries on the register and the title plan) and otherdocuments listed or referred to in the specialconditions relating to the lot.Financial chargeA charge to secure a loan or other financialindebtness (not including a rentcharge).General conditionsThat part of the sale conditions so headed, includingany extra general conditions.Interest rateIf not specified in the special conditions, 4% abovethe base rate from time to time of Barclays Bank plc.(The interest rate will also apply to judgment debts,if applicable.) LotEach separate property described in the catalogueor (as the case may be) the property that the sellerhas agreed to sell and the buyer to buy (includingchattels, if any).Old arrearsArrears due under any of the tenancies that are notnew tenancies as defined by the Landlord andTenant (Covenants) Act 1995.ParticularsThe section of the catalogue that containsdescriptions of each lot (as varied by anyaddendum).PractitionerAn insolvency practitioner for the purposes of theInsolvency Act 1986 (or, in relation to jurisdictionsoutside the United Kingdom, any similar official).PriceThe price that the buyer agrees to pay for the lot.Ready to completeReady, willing and able to complete: if completionwould enable the seller to discharge all financialcharges secured on the lot that have to bedischarged by completion, then those outstandingfinancial charges do not prevent the seller from beingready to complete.Sale conditionsThe general conditions as varied by any specialconditions or addendum.Sale memorandumThe form so headed (whether or not set out in thecatalogue) in which the terms of the contract for thesale of the lot are recorded.SellerThe person selling the lot. If two or more are jointlythe seller their obligations can be enforced againstthem jointly or against each of them separately.Special conditionsThose of the sale conditions so headed that relate tothe lot.TenanciesTenancies, leases, licences to occupy andagreements for lease and any documents varying orsupplemental to them.

Tenancy scheduleThe tenancy schedule (if any) forming part of thespecial conditionsTransferTransfer includes a conveyance or assignment (andto transfer includes to convey or to assign).TUPEThe Transfer of Undertakings (Protection ofEmployment) Regulations 2006.VATValue Added Tax or other tax of a similar nature.VAT optionAn option to tax.We (and us and our)The auctioneers.You (and your)Someone who has a copy of the catalogue or whoattends or bids at the auction, whether or not abuyer.

AUCTION CONDUCT CONDITIONSA1 IntroductionA1.1 Words in bold blue type have special meanings,which are defined in the Glossary.A1.2 The catalogue is issued only on the basis thatyou accept these auction conduct conditions. Theygovern our relationship with you and cannot bedisapplied or varied by the sale conditions (even bya condition purporting to replace the whole of theCommon Auction Conditions). They can be variedonly if we agree.A2 Our roleA2.1 As agents for each seller we have authority to:(a) prepare the catalogue from information suppliedby or on behalf of each seller;(b) offer each lot for sale;(c) sell each lot;(d) receive and hold deposits;(e) sign each sale memorandum; and(f) treat a contract as repudiated if the buyer fails tosign a sale memorandum or pay a deposit asrequired by these auction conduct conditions.A2.2 Our decision on the conduct of the auction isfinal.A2.3 We may cancel the auction, or alter the orderin which lots are offered for sale. We may alsocombine or divide lots. A lot may be sold orwithdrawn from sale prior to the auction.A2.4 You acknowledge that to the extent permittedby law we owe you no duty of care and you have noclaim against us for any loss.A3 Bidding and reserve pricesA3.1 All bids are to be made in pounds sterlingexclusive of any applicable VAT. A3.2 We may refuse to accept a bid. We do not haveto explain why.A3.3 If there is a dispute over bidding we are entitledto resolve it, and our decision is final.A3.4 Unless stated otherwise each lot is subject to areserve price (which may be fixed just before the lotis offered for sale). If no bid equals or exceeds thatreserve price the lot will be withdrawn from theauction.A3.5 Where there is a reserve price the seller may bid(or ask us or another agent to bid on the seller’sbehalf) up to the reserve price but may not make abid equal to or exceeding the reserve price. Youaccept that it is possible that all bids up to thereserve price are bids made by or on behalf of theseller.A3.6 Where a guide price (or range of prices) is giventhat guide is the minimum price at which, or rangeof prices within which, the seller might be preparedto sell at the date of the guide price. But guide pricesmay change. The last published guide price willnormally be at or above any reserve price, but notalways – as the seller may fix the final reserve pricejust before bidding commences.A4 The particulars and other informationA4.1 We have taken reasonable care to prepareparticulars that correctly describe each lot. Theparticulars are based on information supplied by oron behalf of the seller. You need to check that theinformation in the particulars is correct. A4.2 If the special conditions do not contain adescription of the lot, or simply refer to the relevantlot number, you take the risk that the descriptioncontained in the particulars is incomplete orinaccurate, as the particulars have not beenprepared by a conveyancer and are not intended toform part of a legal contract.A4.3 The particulars and the sale conditions maychange prior to the auction and it is yourresponsibility to check that you have the correctversions.A4.4 If we provide information, or a copy of adocument, provided by others we do so only on the

basis that we are not responsible for the accuracy ofthat information or document.A5 The contractA5.1 A successful bid is one we accept as such(normally on the fall of the hammer). This conditionA5 applies to you if you make the successful bid fora lot.A5.2 You are obliged to buy the lot on the terms ofthe sale memorandum at the price you bid plus VAT(if applicable).A5.3 You must before leaving the auction:(a) provide all information we reasonably need fromyou to enable us to complete the sale memorandum(including proof of your identity if required by us);(b) sign the completed sale memorandum; and(c) pay the deposit.A5.4 If you do not we may either:(a) 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 youfor breach of contract; or(b) sign the sale memorandum on your behalf.A5.5 The deposit:(a) is to be held as stakeholder where VAT would bechargeable on the deposit were it to be held as agentfor the seller, but otherwise is to be held as stated inthe sale conditions; and(b) must be paid in pounds sterling by cheque or bybankers’ draft made payable to us on an approvedfinancial institution. The extra auction conductconditions may state if we accept any other form ofpayment.A5.6 We may retain the sale memorandum signedby or on behalf of the seller until the deposit has beenreceived in cleared funds.A5.7 If the buyer does not comply with its obligationsunder the contract then:(a) you are personally liable to buy the lot even if youare acting as an agent; and(b) you must indemnify the seller in respect of anyloss the seller incurs as a result of the buyer’s default.A5.8 Where the buyer is a company you warrant thatthe buyer is properly constituted and able to buy thelot.A6 Extra Auction Conduct ConditionsA6.1 Despite any special condition to the contrarythe minimum deposit we accept is £1,500.00 or thetotal price, if less). A special condition may, however,require a higher minimum deposit.GENERAL CONDITIONS OF SALEWords in bold blue type have special meanings,which are defined in the Glossary.The general conditions (including any extra generalconditions) apply to the contract except to the extentthat they are varied by special conditions or by anaddendum.G1. The lotG1.1 The lot (including any rights to be granted orreserved, and any exclusions from it) is described inthe special conditions, or if not so described the lotis that referred to in the sale memorandum.G1.2 The lot is sold subject to any tenanciesdisclosed by the special conditions, but otherwisewith vacant possession on completion.G1.3 The lot is sold subject to all matters containedor referred to in the documents, but excluding anyfinancial charges: these the seller must discharge onor before completion.G1.4 The lot is also sold subject to such of thefollowing as may affect it, whether they arise beforeor after the contract date and whether or not theyare disclosed by the seller or are apparent frominspection of the lot or from the documents: (a) matters registered or capable of registration aslocal land charges;(b) matters registered or capable of registration byany competent authority or under the provisions ofany statute;(c) notices, orders, demands, proposals andrequirements of any competent authority;(d) charges, notices, orders, restrictions, agreementsand other matters relating to town and countryplanning, highways or public health;(e) rights, easements, quasi-easements, andwayleaves; (f) outgoings and other liabilities;(g) any interest which overrides, within the meaningof the Land Registration Act 2002;(h) matters that ought to be disclosed by thesearches and enquiries a prudent buyer would make,whether or not the buyer has made them; and(i) anything the seller does not and could notreasonably know about.G1.5 Where anything subject to which the lot is soldwould expose the seller to liability the buyer is tocomply with it and indemnify the seller against thatliability.G1.6 The seller must notify the buyer of any notices,



orders, demands, proposals and requirements of anycompetent authority of which it learns after thecontract date but the buyer must comply with themand keep the seller indemnified.G1.7 The lot does not include any tenant’s or tradefixtures or fittings.G1.8 Where chattels are included in the lot the buyertakes them as they are at completion and the selleris not liable if they are not fit for use.G1.9 The buyer buys with full knowledge of:(a) the documents, whether or not the buyer has readthem; and(b) the physical condition of the lot and what couldreasonably be discovered on inspection of it,whether or not the buyer has inspected it.G1.10 The buyer is not to rely on the informationcontained in the particulars but may rely on theseller’s conveyancer’s written replies to preliminaryenquiries to the extent stated in those replies.G2. DepositG2.1 The amount of the deposit is the greater of: (a)any minimum deposit stated in the auction conductconditions (or the total price, if this is less than thatminimum); and(b) 10% of the price (exclusive of any VAT on theprice).G2.2 The deposit(a) must be paid in pounds sterling by cheque orbanker’s draft drawn on an approved financialinstitution (or by any other means of payment thatthe auctioneers may accept); and (b) is to be held as stakeholder unless the auctionconduct conditions provide that it is to be held asagent for the seller.G2.3 Where the auctioneers hold the deposit asstakeholder they are authorised to release it (andinterest on it if applicable) to the seller on completionor, if completion does not take place, to the personentitled to it under the sale conditions.G2.4 If a cheque for all or part of the deposit is notcleared on first presentation the seller may treat thecontract as at an end and bring a claim against thebuyer for breach of contract.G2.5 Interest earned on the deposit belongs to theseller unless the sale conditions provide otherwise.G3. Between contract and completionG3.1 Unless the special conditions state otherwise,the seller is to insure the lot from and including thecontract date to completion and:(a) produce to the buyer on request all relevantinsurance details;(b) pay the premiums when due;(c) if the buyer so requests, and pays any additionalpremium, use reasonable endeavours to increase thesum insured or make other changes to the policy;(d) at the request of the buyer use reasonableendeavours to have the buyer’s interest noted on thepolicy if it does not cover a contracting purchaser;(e) unless otherwise agreed, cancel the insurance atcompletion, apply for a refund of premium and(subject to the rights of any tenant or other thirdparty) pay that refund to the buyer; and(f) (subject to the rights of any tenant or other thirdparty) hold on trust for the buyer any insurancepayments that the seller receives in respect of lossor damage arising after the contract date or assignto the buyer the benefit of any claim; and the buyer must on completion reimburse to theseller the cost of that insurance (to the extent notalready paid by the buyer or a tenant or other thirdparty) for the period from and including the contractdate to completion.G3.2 No damage to or destruction of the lot nor anydeterioration in its condition, however caused,entitles the buyer to any reduction in price, or todelay completion, or to refuse to complete.G3.3 Section 47 of the Law of Property Act 1925does not apply.G3.4 Unless the buyer is already lawfully inoccupation of the lot the buyer has no right to enterinto occupation prior to completion.G4. Title and identityG4.1 Unless condition G4.2 applies, the buyeraccepts the title of the seller to the lot as at thecontract date and may raise no requisition orobjection except in relation to any matter that occursafter the contract date.G4.2 If any of the documents is not made availablebefore the auction the following provisions apply:(a) The buyer may raise no requisition on or objectionto any of the documents that is made availablebefore the auction.(b) If the lot is registered land the seller is to give tothe buyer within five business days of the contractdate an official copy of the entries on the register andtitle(c) If the lot is not registered land the seller is to give

to the buyer within five business days an abstract orepitome of title starting from the root of titlementioned in the special conditions (or, if none ismentioned, a good root of title more than fifteenyears old) and must produce to the buyer the originalor an examined copy of every relevant document.(d) If title is in the course of registration, title is toconsist of certified copies of:(i) the application for registration of title made to theland registry;(ii) the documents accompanying that application;(iii) evidence that all applicable stamp duty land taxrelating to that application has been paid; and(iv) a letter under which the seller or its conveyanceragrees to use all reasonable endeavours to answerany requisitions raised by the land registry and toinstruct the land registry to send the completedregistration documents to the buyer.(e) The buyer has no right to object to or makerequisitions on any title information more than sevenbusiness days after that information has been givento the buyer.G4.3 Unless otherwise stated in the specialconditions the seller sells with full title guaranteeexcept that (and the transfer shall so provide):(a) the covenant set out in section 3 of the Law ofProperty (Miscellaneous Provisions) Act 1994 shallnot extend to matters recorded in registers open topublic inspection; these are to be treated as withinthe actual knowledge of the buyer; and(b) the covenant set out in section 4 of the Law ofProperty (Miscellaneous Provisions) Act 1994 shallnot extend to any condition or tenant’s obligationrelating to the state or condition of the lot where thelot is leasehold property.G4.4 The transfer is to have effect as if expresslysubject to all matters subject to which the lot is soldunder the contract.G4.5 The seller does not have to produce, nor maythe buyer object to or make a requisition in relationto, any prior or superior title even if it is referred to inthe documents. G4.6 The seller (and, if relevant, the buyer) mustproduce to each other such confirmation of, orevidence of, their identity and that of theirmortgagees and attorneys (if any) as is necessary forthe other to be able to comply with applicable LandRegistry Rules when making application forregistration of the transaction to which the conditionsapply.G5. TransferG5.1 Unless a form of transfer is prescribed by thespecial conditions:(a) the buyer must supply a draft transfer to the sellerat least ten business days before the agreedcompletion date and the engrossment (signed as adeed by the buyer if condition G5.2 applies) fivebusiness days before that date or (if later) twobusiness days after the draft has been approved bythe seller; and(b) the seller must approve or revise the draft transferwithin five business days of receiving it from thebuyer.G5.2 If the seller remains liable in any respect inrelation to the lot (or a tenancy) following completionthe buyer is specifically to covenant in the transfer toindemnify the seller against that liability.G5.3 The seller cannot be required to transfer the lotto anyone other than the buyer, or by more than onetransfer.G6. CompletionG6.1 Completion is to take place at the offices of theseller’s conveyancer, or where the seller mayreasonably require, on the agreed completion date.The seller can only be required to complete on abusiness day and between the hours of 0930 and1700.G6.2 The amount payable on completion is thebalance of the price adjusted to take account ofapportionments plus (if applicable) VAT and interest.G6.3 Payment is to be made in pounds sterling andonly by:(a) direct transfer to the seller’s conveyancer’s clientaccount; and(b) the release of any deposit held by a stakeholder.G6.4 Unless the seller and the buyer otherwiseagree, completion cannot take place until both havecomplied with their obligations under the contractand the balance of the price is unconditionallyreceived in the seller’s conveyancer’s client account. G6.5 If completion takes place after 1400 hours fora reason other than the seller’s default it is to betreated, for the purposes of apportionment andcalculating interest, as if it had taken place on thenext business day.G6.6 Where applicable the contract remains in forcefollowing completion.

G7. Notice to completeG7.1 The seller or the buyer may on or after theagreed completion date but before completion givethe other notice to complete within ten businessdays (excluding the date on which the notice is given)making time of the essence.G7.2 The person giving the notice must be ready tocomplete.G7.3 If the buyer fails to comply with a notice tocomplete the seller may, without affecting any otherremedy the seller has:(a) terminate the contract; (b) claim the deposit and any interest on it if held bya stakeholder;(c) forfeit the deposit and any interest on it;(d) resell the lot; and(e) claim damages from the buyer.G7.4 If the seller fails to comply with a notice tocomplete the buyer may, without affecting any otherremedy the buyer has:(a) terminate the contract; and(b) recover the deposit and any interest on it from theseller or, if applicable, a stakeholder.G8. If the contract is brought to an endIf the contract is lawfully brought to an end:(a) the buyer must return all papers to the seller andappoints the seller its agent to cancel any registrationof the contract; and(b) the seller must return the deposit and any intereston it to the buyer (and the buyer may claim it fromthe stakeholder, if applicable) unless the seller isentitled to forfeit the deposit under condition G7.3.G9. Landlord’s licenceG9.1 Where the lot is or includes leasehold land andlicence to assign is required this condition G9applies.G9.2 The contract is conditional on that licence beingobtained, by way of formal licence if that is what thelandlord lawfully requires.G9.3 The agreed completion date is not to be earlierthan the date five business days after the seller hasgiven notice to the buyer that licence has beenobtained.G9.4 The seller must:(a) use all reasonable endeavours to obtain thelicence at the seller’s expense; and(b) enter into any authorised guarantee agreementproperly required.G9.5 The buyer must:(a) promptly provide references and other relevantinformation; and(b) comply with the landlord’s lawful requirements.G9.6 If within three months of the contract date (orsuch longer period as the seller and buyer agree) thelicence has not been obtained the seller or the buyermay (if not then in breach of any obligation under thiscondition G9) by notice to the other terminate thecontract at any time before licence is obtained. Thattermination is without prejudice to the claims of eitherseller or buyer for breach of this condition G9.G10. Interest and apportionmentsG10.1 If the actual completion date is after theagreed completion date for any reason other than theseller’s default the buyer must pay interest at theinterest rate on the price (less any deposit paid) fromthe agreed completion date up to and including theactual completion date.G10.2 Subject to condition G11 the seller is notobliged to apportion or account for any sum atcompletion unless the seller has received that sumin cleared funds. The seller must pay to the buyerafter completion any sum to which the buyer isentitled that the seller subsequently receives incleared funds.G10.3 Income and outgoings are to be apportionedat actual completion date unless:(a) the buyer is liable to pay interest; and(b) the seller has given notice to the buyer at any timeup to completion requiring apportionment on thedate from which interest becomes payable by thebuyer; in which event income and outgoings are tobe apportioned on the date from which interestbecomes payable by the buyer.G10.4 Apportionments are to be calculated on thebasis that:(a) the seller receives income and is liable foroutgoings for the whole of the day on whichapportionment is to be made;(b) annual income and expenditure accrues at anequal daily rate assuming 365 days in a year, andincome and expenditure relating to some otherperiod accrues at an equal daily rate during theperiod to which it relates; and(c) where the amount to be apportioned is not knownat completion apportionment is to be made byreference to a reasonable estimate and furtherpayment is to be made by seller or buyer as

appropriate within five business days of the datewhen the amount is known.G11. ArrearsPart 1 Current rentG11.1 Current rent means, in respect of each of thetenancies subject to which the lot is sold, theinstalment of rent and other sums payable by thetenant in advance on the most recent rent paymentdate on or within four months preceding completion.G11.2 If on completion there are any arrears ofcurrent rent the buyer must pay them, whether or notdetails of those arrears are given in the specialconditions.G11.3 Parts 2 and 3 of this condition G11 do notapply to arrears of current rent.Part 2 Buyer to pay for arrearsG11.4 Part 2 of this condition G11 applies where thespecial conditions give details of arrears.G11.5 The buyer is on completion to pay, in additionto any other money then due, an amount equal to allarrears of which details are set out in the specialconditions.G11.6 If those arrears are not old arrears the seller isto assign to the buyer all rights that the seller has torecover those arrears.Part 3 Buyer not to pay for arrearsG11.7 Part 3 of this condition G11 applies where thespecial conditions:(a) so state; or(b) give no details of any arrears.G11.8 While any arrears due to the seller remainunpaid the buyer must:(a) try to collect them in the ordinary course ofmanagement but need not take legal proceedings orforfeit the tenancy;(b) pay them to the seller within five business days ofreceipt in cleared funds (plus interest at the interestrate calculated on a daily basis for each subsequentday’s delay in payment);(c) on request, at the cost of the seller, assign to theseller or as the seller may direct the right to demandand sue for old arrears, such assignment to be insuch form as the seller’s conveyancer mayreasonably require;(d) if reasonably required, allow the seller’sconveyancer to have on loan the counterpart of anytenancy against an undertaking to hold it to thebuyer’s order;(e) not without the consent of the seller release anytenant or surety from liability to pay arrears or accepta surrender of or forfeit any tenancy under whicharrears are due; and(f) if the buyer disposes of the lot prior to recovery ofall arrears obtain from the buyer’s successor in title acovenant in favour of the seller in similar form to part3 of this condition G11.G11.9 Where the seller has the right to recoverarrears it must not without the buyer’s writtenconsent bring insolvency proceedings against atenant or seek the removal of goods from the lot.G12. ManagementG12.1 This condition G12 applies where the lot issold subject to tenancies.G12.2 The seller is to manage the lot in accordancewith its standard management policies pendingcompletion.G12.3 The seller must consult the buyer on allmanagement issues that would affect the buyer aftercompletion (such as, but not limited to, anapplication for licence; a rent review; a variation,surrender, agreement to surrender or proposedforfeiture of a tenancy; or a new tenancy oragreement to grant a new tenancy) and:(a) the seller must comply with the buyer’s reasonablerequirements unless to do so would (but for theindemnity in paragraph (c)) expose the seller to aliability that the seller would not otherwise have, inwhich case the seller may act reasonably in such away as to avoid that liability; (b) if the seller gives the buyer notice of the seller’sintended act and the buyer does not object withinfive business days giving reasons for the objectionthe seller may act as the seller intends; and(c) the buyer is to indemnify the seller against all lossor liability the seller incurs through acting as the buyerrequires, or by reason of delay caused by the buyer.G13. Rent depositsG13.1 This condition G13 applies where the seller isholding or otherwise entitled to money by way of rentdeposit in respect of a tenancy. In this condition G13rent deposit deed means the deed or otherdocument under which the rent deposit is held.G13.2 If the rent deposit is not assignable the sellermust on completion hold the rent deposit on trust forthe buyer and, subject to the terms of the rentdeposit deed, comply at the cost of the buyer withthe buyer’s lawful instructions.


G13.3 Otherwise the seller must on completion payand assign its interest in the rent deposit to the buyerunder an assignment in which the buyer covenantswith the seller to:(a) observe and perform the seller’s covenants andconditions in the rent deposit deed and indemnify theseller in respect of any breach;(b) give notice of assignment to the tenant; and(c) give such direct covenant to the tenant as may berequired by the rent deposit deed.G14. VATG14.1 Where a sale condition requires money to bepaid or other consideration to be given, the payermust also pay any VAT that is chargeable on thatmoney or consideration, but only if given a valid VATinvoice.G14.2 Where the special conditions state that noVAT option has been made the seller confirms thatnone has been made by it or by any company in thesame VAT group nor will be prior to completion.G15. Transfer as a going concernG15.1 Where the special conditions so state:(a) the seller and the buyer intend, and will take allpracticable steps (short of an appeal) to procure, thatthe sale is treated as a transfer of a going concern;and(b) this condition G15 applies.G15.2 The seller confirms that the seller (a) isregistered for VAT, either in the seller’s name or as amember of the same VAT group; and(b) has (unless the sale is a standard-rated supply)made in relation to the lot a VAT option that remainsvalid and will not be revoked before completion.G15.3 The buyer confirms that:(a) it is registered for VAT, either in the buyer’s nameor as a member of a VAT group;(b) it has made, or will make before completion, aVAT option in relation to the lot and will not revoke itbefore or within three months after completion;(c) article 5(2B) of the Value Added Tax (SpecialProvisions) Order 1995 does not apply to it; and(d) it is not buying the lot as a nominee for anotherperson.G15.4 The buyer is to give to the seller as early aspossible before the agreed completion dateevidence:(a) of the buyer’s VAT registration;(b) that the buyer has made a VAT option; and(c) that the VAT option has been notified in writing toHM Revenue and Customs; and if it does notproduce the relevant evidence at least two businessdays before the agreed completion date, conditionG14.1 applies at completion.G15.5 The buyer confirms that after completion thebuyer intends to:(a) retain and manage the lot for the buyer’s ownbenefit as a continuing business as a going concernsubject to and with the benefit of the tenancies; and(b) collect the rents payable under the tenancies andcharge VAT on them G15.6 If, after completion, it is found that the sale ofthe lot is not a transfer of a going concern then:(a) the seller’s conveyancer is to notify the buyer’sconveyancer of that finding and provide a VAT invoicein respect of the sale of the lot;(b) the buyer must within five business days of receiptof the VAT invoice pay to the seller the VAT due; and(c) if VAT is payable because the buyer has notcomplied with this condition G15, the buyer mustpay and indemnify the seller against all costs,interest, penalties or surcharges that the seller incursas a result.G16. Capital allowancesG16.1 This condition G16 applies where the specialconditions state that there are capital allowancesavailable in respect of the lot.G16.2 The seller is promptly to supply to the buyerall information reasonably required by the buyer inconnection with the buyer’s claim for capitalallowances.G16.3 The value to be attributed to those items onwhich capital allowances may be claimed is set outin the special conditions.G16.4 The seller and buyer agree:(a) to make an election on completion under Section198 of the Capital Allowances Act 2001 to give effectto this condition G16; and(b) to submit the value specified in the specialconditions to HM Revenue and Customs for thepurposes of their respective capital allowancecomputations.G17. Maintenance agreementsG17.1 The seller agrees to use reasonableendeavours to transfer to the buyer, at the buyer’scost, the benefit of the maintenance agreementsspecified in the special conditions. G17.2 The buyer must assume, and indemnify the

seller in respect of, all liability under such contractsfrom the actual completion date.G18. Landlord and Tenant Act 1987G18.1 This condition G18 applies where the sale isa relevant disposal for the purposes of part I of theLandlord and Tenant Act 1987.G18.2 The seller warrants that the seller hascomplied with sections 5B and 7 of that Act and thatthe requisite majority of qualifying tenants has notaccepted the offer.G19. Sale by practitionerG19.1 This condition G19 applies where the sale isby a practitioner either as seller or as agent of theseller.G19.2 The practitioner has been duly appointed andis empowered to sell the lot.G19.3 Neither the practitioner nor the firm or anymember of the firm to which the practitioner belongshas any personal liability in connection with the saleor the performance of the seller’s obligations. Thetransfer is to include a declaration excluding thatpersonal liability.G19.4 The lot is sold:(a) in its condition at completion;(b) for such title as the seller may have; and(c) with no title guarantee; and the buyer has no rightto terminate the contract or any other remedy ifinformation provided about the lot is inaccurate,incomplete or missing.G19.5 Where relevant:(a) the documents must include certified copies ofthose under which the practitioner is appointed, thedocument of appointment and the practitioner’sacceptance of appointment; and(b) the seller may require the transfer to be by thelender exercising its power of sale under the Law ofProperty Act 1925.G19.6 The buyer understands this condition G19and agrees that it is fair in the circumstances of a saleby a practitioner.G20. TUPEG20.1 If the special conditions state There are noemployees to which TUPE applies, this is a warrantyby the seller to this effect.G20.2 If the special conditions do not state There areno employees to which TUPE applies the followingparagraphs apply:(a) The seller must notify the buyer of thoseemployees whose contracts of employment willtransfer to the buyer on completion (the TransferringEmployees). This notification must be given to thebuyer not less than 14 days before completion.(b) The buyer confirms that it will comply with itsobligations under TUPE and any special conditionsin respect of the Transferring Employees.(c) The buyer and the seller acknowledge thatpursuant and subject to TUPE, the contracts ofemployment between the Transferring Employeesand the seller will transfer to the buyer on completion.(d) The buyer is to keep the seller indemnified againstall liability for the Transferring Employees aftercompletion.G21. EnvironmentalG21.1 This condition G21 only applies where thespecial conditions so provide.G21.2 The seller has made available such reports asthe seller has as to the environmental condition ofthe lot and has given the buyer the opportunity tocarry out investigations (whether or not the buyer hasread those reports or carried out any investigation)and the buyer admits that the price takes intoaccount the environmental condition of the lot.G21.3 The buyer agrees to indemnify the seller inrespect of all liability for or resulting from theenvironmental condition of the lot.G22. Service ChargeG22.1 This condition G22 applies where the lot issold subject to tenancies that include service chargeprovisions.G22.2 No apportionment is to be made atcompletion in respect of service charges.G22.3 Within two months after completion the sellermust provide to the buyer a detailed service chargeaccount for the service charge year current oncompletion showing:(a) service charge expenditure attributable to eachtenancy;(b) payments on account of service charge receivedfrom each tenant;(c) any amounts due from a tenant that have notbeen received;(d) any service charge expenditure that is notattributable to any tenancy and is for that reasonirrecoverable.G22.4 In respect of each tenancy, if the servicecharge account shows that:(a) payments on account (whether received or still

then due from a tenant) exceed attributable servicecharge expenditure, the seller must pay to the buyeran amount equal to the excess when it provides theservice charge account;(b) attributable service charge expenditure exceedspayments on account (whether those paymentshave been received or are still then due), the buyermust use all reasonable endeavours to recover theshortfall from the tenant at the next service chargereconciliation date and pay the amount so recoveredto the seller within five business days of receipt incleared funds; but in respect of payments onaccount that are still due from a tenant condition G11(arrears) applies.G22.5 In respect of service charge expenditure thatis not attributable to any tenancy the seller must paythe expenditure incurred in respect of the periodbefore actual completion date and the buyer mustpay the expenditure incurred in respect of the periodafter actual completion date. Any necessarymonetary adjustment is to be made within fivebusiness days of the seller providing the servicecharge account to the buyer.G22.6 If the seller holds any reserve or sinking fundon account of future service charge expenditure or adepreciation fund:(a) the seller must pay it (including any interest earnedon it) to the buyer on completion; and(b) the buyer must covenant with the seller to hold itin accordance with the terms of the tenancies and toindemnify the seller if it does not do so.G23. Rent reviewsG23.1 This condition G23 applies where the lot issold subject to a tenancy under which a rent reviewdue on or before the actual completion date has notbeen agreed or determined.G23.2 The seller may continue negotiations or rentreview proceedings up to the actual completion datebut may not agree the level of the revised rent orcommence rent review proceedings without thewritten consent of the buyer, such consent not to beunreasonably withheld or delayed.G23.3 Following completion the buyer mustcomplete rent review negotiations or proceedings assoon as reasonably practicable but may not agreethe level of the revised rent without the writtenconsent of the seller, such consent not to beunreasonably withheld or delayed.G23.4 The seller must promptly:(a) give to the buyer full details of all rent reviewnegotiations and proceedings, including copies of allcorrespondence and other papers; and(b) use all reasonable endeavours to substitute thebuyer for the seller in any rent review proceedings.G23.5 The seller and the buyer are to keep eachother informed of the progress of the rent review andhave regard to any proposals the other makes inrelation to it.G23.6 When the rent review has been agreed ordetermined the buyer must account to the seller forany increased rent seller’s period of ownership withinfive business days of receipt of cleared funds.G23.7 If a rent review is agreed or determined beforecompletion but the increased rent and any interestrecoverable from the tenant has not been receivedby completion the increased rent and any interestrecoverable is to be treated as arrears.G23.8 The seller and the buyer are to bear their owncosts in relation to rent review negotiations andproceedings.G24. Tenancy renewalsG24.10 This condition G24 applies where the tenantunder a tenancy has the right to remain in occupationunder part II of the Landlord and Tenant Act 1954 (asamended) and references to notices andproceedings are to notices and proceedings underthat Act.G24.20 Where practicable, without exposing theseller to liability or penalty, the seller must not withoutthe written consent of the buyer (which the buyermust not unreasonably withhold or delay) serve orrespond to any notice or begin or continue anyproceedings.G24.30 If the seller receives a notice the seller mustsend a copy to the buyer within five business daysand act as the buyer reasonably directs in relation toit.G24.4 Following completion the buyer must:(a) with the co-operation of the seller take immediatesteps to substitute itself as a party to anyproceedings;(b) use all reasonable endeavours to conclude anyproceedings or negotiations for the renewal of thetenancy and the determination of any interim rent assoon as reasonably practicable at the best rent orrents reasonably obtainable; and(c) if any increased rent is recovered from the tenant

(whether as interim rent or under the renewedtenancy) account to the seller for the part of thatincrease that relates to the seller’s period ofownership of the lot within five business days ofreceipt of cleared funds.G24.5 The seller and the buyer are to bear their owncosts in relation to the renewal of the tenancy andany proceedings relating to this.G25. WarrantiesG25.1 Available warranties are listed in the specialconditions.G25.2 Where a warranty is assignable the sellermust:(a) on completion assign it to the buyer and givenotice of assignment to the person who gave thewarranty; and(b) apply for (and the seller and the buyer must useall reasonable endeavours to obtain) any consent toassign that is required. If consent has not beenobtained by completion the warranty must beassigned within five business days after the consenthas been obtained.G25.3 If a warranty is not assignable the seller mustafter completion:(a) hold the warranty on trust for the buyer; and(b) at the buyer’s cost comply with such of the lawfulinstructions of the buyer in relation to the warrantyas do not place the seller in breach of its terms orexpose the seller to any liability or penalty.G26. No assignmentThe buyer must not assign, mortgage or otherwisetransfer or part with the whole or any part of thebuyer’s interest under this contract.G27. Registration at the Land RegistryG27.1 This condition G27.1 applies where the lot isleasehold and its sale either triggers first registrationor is a registrable disposition. The buyer must at itsown expense and as soon as practicable:(a) procure that it becomes registered at LandRegistry as proprietor of the lot;(b) procure that all rights granted and reserved by thelease under which the lot is held are properly notedagainst the affected titles; and(c) provide the seller with an official copy of theregister relating to such lease showing itselfregistered as proprietor. G27.2 This condition G27.2 applies where the lotcomprises part of a registered title. The buyer mustat its own expense and as soon as practicable:(a) apply for registration of the transfer;(b) provide the seller with an official copy and titleplan for the buyer’s new title; and(c) join in any representations the seller may properlymake to Land Registry relating to the application.G28. Notices and other communicationsG28.1 All communications, including notices, mustbe in writing. Communication to or by the seller orthe buyer may be given to or by their conveyancers.G28.2 A communication may be relied on if:(a) delivered by hand; or(b) made electronically and personally acknowledged(automatic acknowledgement does not count); or(c) there is proof that it was sent to the address ofthe person to whom it is to be given (as specified inthe sale memorandum) by a postal service that offersnormally to deliver mail the next following businessday.G28.3 A communication is to be treated as received: (a) when delivered, if delivered by hand; or(b) when personally acknowledged, if madeelectronically; but if delivered or made after 1700hours on a business day a communication is to betreated as received on the next business day.G28.4 A communication sent by a postal service thatoffers normally to deliver mail the next followingbusiness day will be treated as received on thesecond business day after it has been posted.G29. Contracts (Rights of Third Parties) Act1999No one is intended to have any benefit under thecontract pursuant to the Contract (Rights of ThirdParties) Act 1999.


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Early Bird UpdatesWant to be the first to know about new instructions?If you want to be the first to find out about new instructions then all you need to do is register online atwww.venmoreauctions.co.uk call one of our auction team on 0151 236 6746 or speak to someone on the day of theauction. All we need is your name, email address, telephone number, the type of property you are currently looking forand we will send you regular updates of any opportunities that suit your personal requirements.

It’s completely free to join and will keep you one step ahead of the competition!

Merseyside area map

You can use the map below as a guideto find the location of our properties


www.venmores.co.uk | 0151 236 6746www.venmores.co.uk | 0151 236 6746

Our BranchesOur offices cover Liverpool, Southport & Wirral

Trading as Venmore in Liverpool, Ball & Percival in Southportand Bradshaw Farnham & Lea in Wirral, we believe this offersour clients a much broader service and the ability to deal with

the same agent even if moving slightly further afield

Venmores provided us with a

first class service and dealt with the

viewings on our property in an

expert manner. We completed

within 4 weeks!Thank you for

making our move so painless!

Mr & Mrs Wallis, Allerton

Southport Office132 Lord Street,

Southport, PR9 0AETelephone 01704 536 900

[email protected]

Ainsdale Office36/38 Station Road,Ainsdale, PR8 3HS

Telephone 01704 574 224

Auction DepartmentImperial Buildings, 9 Dale Street,

Liverpool, L2 2SHTelephone 0151 236 6746

[email protected]

Survey & ValuationImperial Buildings, 9 Dale Street,


[email protected]

Property ManagementImperial Buildings, 9 Dale Street,


[email protected]

Allerton Office8-10 Allerton Road,

Allerton, L18 1LNTelephone 0151 733 9000

[email protected]

City OfficeImperial Buildings, 9 Dale Street,


[email protected]

Commercial DepartmentImperial Buildings, 9 Dale Street,


Moreton256 Hoylake Road, Moreton

Wirral, CH46 6AFTelephone 0151 678 9760

[email protected]

Bebington6 Church Road, Bebington

Wirral, CH63 7PHTelephone 0151 645 7155

[email protected]

Bromborough10 Allport Lane, Bromborough

Wirral, CH62 7HPTelephone 0151 334 5156

[email protected]

West Kirby18 The Crescent, West Kirby

Wirral, CH48 4HNTelephone 0151 625 8844

[email protected]

Heswall7 Pensby Road, Heswall

Wirral, CH60 7RATelephone 0151 348 4488

[email protected]

Prenton357 Woodchurch Road

Prenton, Wirral, CH42 8PETelephone 0151 608 9595

[email protected]

Ven ed us rovid

Wallis, Allerton