AUCTION Wednesday 24 June 2015 at 5.00pm

Transcription

1 AUCTION Wednesday 24 June 2015 at 5.00pm Leicester Racecourse Oadby, Leicester LE2 4AL SINCE 1990

2 Auction: Wednesday 24 June 2015 Order of Sale LOT PROPERTY ADDRESS 1 Garages adjacent to 9 Ruskington Drive, Wigston Fields, Leicester LE18 1LB 2 Land at Richard Close, Melton Mowbray, Leicestershire LE13 1BF 3 Former Greenhill Post Office, Cropston Drive, Coalville, Leicestershire LE67 4HT 4 6 Ayston Road, Braunstone, Leicester LE3 2GA Melton Road, Syston, Leicester LE7 2JS 6 Garages at Turnbull Drive, Braunstone, Leicester LE3 2JW Highgate Road, Sileby, Leicestershire LE12 7PP 8 Land opposite Baldocks Lane, Melton Mowbray, Leicestershire LE13 1EN 9 Ground Floor Flat, 318 Martin Street, Belgrave, Leicester LE4 6EU 10 6A & 6B Swanscombe Road, Leicester LE2 7QG 11 Shenton House, Leicester Road, Loughborough, Leicestershire LE11 2AE Bringhurst Road, Glenfield, Leicester LE3 6LE 13 Garages adjacent to 24 Grangeway Road, Wigston Fields, Leicester LE18 1JE High Street, Barwell, Leicestershire LE9 8DS 15 Former Theatre Building, Herongate Road, Leicester LE5 0AW 16 Garages adjacent to 121 Edward Avenue, Braunstone, Leicester LE3 2PE Erdyngton Road, Braunstone, Leicester LE3 1JG Nottingham Road, Loughborough, Leicestershire LE11 1EX & 1 & 2 Whitegate, Loughborough, Leicestershire LE11 1FH Newhaven Road, Evington, Leicester LE5 6JG 20 Garages adjacent to 1 Rockhill Drive, Mountsorrel, Leicestershire LE12 7DS Thurlow Road, Clarendon Park, Leicester LE2 1YE AUCTION VENUE: Leicester Racecourse, Oadby, Leicester LE2 4AL 2 NEXT AUCTION DATE: 23 September 2015 Entries now being taken 55 London Road, Leicester LE2 0PE Tel: Fax: info@shonkibrothers.com

3 Auction: Wednesday 24 June 2015 Welcome to our June auction sale After a very busy marketing period, we achieved a 91% success rate for our April auction. This is indicative of the general market where those able to buy are snapping up property due to a shortage of supply. Prior to the election we saw a slight fall in asking prices due to election uncertainty and concern about the outcome and possible tax implications for the buy to let market and the higher value end of the market. Now the election is out of the way and a majority government is in place the market will undoubtedly be accelerated and we will see more properties coming onto the market. This will be good news for buyers who have seen competition for homes drive up sale prices. On that note the Royal Institution of Chartered Surveyors reported that house prices are rising at the fastest rate since August 2014 due to the lack of homes on the market and also decrease in new builds. Lack of supply has always pushed up prices and one of the new government s objectives has to be to increase the number of properties being built. Last year alone the target build saw a shortfall of 100,000. It remains to be seen whether the new government can deliver their objective of 1 million homes by Mortgage rates continue to fall, with some best buy mortgages available at just over 1%, this enables buyers to obtain relatively low cost funding. Despite all the help available for first time buyers, some are generally struggling to secure a loan as lenders become more and more stringent about requirements. This is evident from the Council of Mortgage Lenders data which showed that landlords were granted nearly as many mortgages as first-time buyers. In this auction we have a mix of properties both residential and commercial that are competitively priced at least 15% below the open market value. Whether you are looking for owner occupation, development or investment there is something on offer for all types of buyers. Buying property still remains the best form of investment as it far exceeds the returns offered by shares, bonds or cash. We anticipate that there will be a lot of interest in the lots offered, therefore if you are interested in any particular lot please do register your interest as soon as possible. If you are thinking of buying do take note of the following: Legal Documents: For all the properties offered for sale the Special Conditions of Sale and the legal documents will be available for inspection prior to the Auction. If you are interested in any of the lots the legal documents will be available to download or alternatively please make an appointment to view these at our office. Viewings: All properties can be viewed before the Auction, to arrange viewings please contact the office (0116) Buying At Auctions (pages 4 and 5): Please do read the Buying at Auctions Important Notice to Bidders to familiarise yourself with the Auction procedure. Check Addendum List: Any changes or alterations that your purchase will be subject to will be specified on an addendum sheet. Proxy / Telephone Bidding: If you cannot attend the Auction you may arrange to make a proxy or telephone bid. This facility needs to agreed by prior arrangement. Please contact us for a registration form. Check Availability of Lots: Do check lots have not been sold or withdrawn prior to Auction. Auction Contract: If you are the successful bidder you will be required to complete the Auction contract, supply the deposit and the buyer s fee with 2 forms of identification on the day of purchase. Deposit: A 10% (minimum 1,000) deposit is required on the fall of the hammer. Cheques should be made payable to Shonki Brothers Limited and drawn on a UK clearing bank. All cheques are presented the following day and therefore you should ensure that you have adequate funds in your account. Please note we do not accept cash, but credit/debit cards facilities are available but may be subject to a fee. Completion: Completion is normally 28 days from the day of the sale, unless specified otherwise in the contract, when the balance will be required. Finally, please arrive on time so that you are able to read the addendum / alteration list, look through the legal documents if you have not already done so and check any changes made to the order of sale. If you require any further information please do not hesitate to contact the office and we will do all we can to assist you. We are currently taking entries for our next Auction to be held on Wednesday 23 September 2015, so do contact us if you are considering selling and require an Auction appraisal. My staff and I look forward to welcoming you on Wednesday 24 June K S Sangra FRICS FNAVA Auctioneer IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 3

4 Buying at Auctions - Important Notice to Bidders DO S AND DON TS q q q q q q q Do go through the catalogue carefully. Do go and view any properties in which you are interested. Do take legal advice. Do bring means of identification to the Auction. Do read the important notice to bidders. Do allow time to arrange a survey, if required. Do arrange to have a 10% deposit before the day of the Auction and the balance of purchase monies by the time set for completion in the Contract. DON TS AT AUCTIONS q q q q q Don t panic, our Auctioneers understand the pressures. Don t be late; watching other lots being sold helps to follow the procedure. Don t lose track, some lots go quickly, you could miss out. Don t assume that all Lots are available, check with us beforehand. Don t forget the insurance risk changes as the hammer falls. PLEASE NOTE THE FOLLOWING: SHONKI BROTHERS LTD for themselves, their Joints Agents and for the Vendors of the properties whose agents they are, give notice that: 1. Each lot is offered and sold subject to the Common, Extra and Special Conditions of Sale which are available prior to and at the Auction, these should be fully understood. All prospective purchasers are advised to consult their legal and, where appropriate, other professional advisors, prior to bidding. 2. These particulars do not constitute any part of an offer or Contract (except to the extent that they are incorporated in the Memorandum of Agreement by the Common, Extra or Special Conditions of Sale). 3. Prospective purchasers shall be deemed to have inspected the relevant properties and made all the usual and necessary searches and enquiries, with all the relevant authorities and other bodies. 4. When the Auctioneer s gavel falls, the successful bidder must immediately present to the Auctioneer s clerk his name and address and if appropriate, the name and address of the person or company on whose behalf they have been bidding. This information will be used to complete a Memorandum of Agreement of Sale in the form of the one at the back of this catalogue or the Contract prepared by the vendor s solicitor which the successful bidder must sign with the Auctioneer s staff prior to leaving the Auction room and at the same time present the Auctioneer with a deposit of 10% of the purchase price (minimum deposit of 1000). A buyers fee of 600 plus VAT is also required. The successful bidder is under a binding contract to purchase the relevant property. 5. The successful bidder is immediately at risk in relation to the property and shall therefore, be deemed to have made arrangements immediately after exchange of contracts for any insurance cover required. 6. In default of the purchase the Auctioneer shall be entitled, at his discretion, as agent for the Vendor, to treat the failure or default as a repudiation and rescind the Contract. Thereafter the Auctioneer shall be entitled to re-submit the property for sale. If a successful bidder does not pay a deposit and/or complete the Memorandum the Vendor reserves the right to claim any loss he incurs as a result. 7. The Vendor has the right to sell before Auction, or withdraw the Lot, and neither the Auctioneer nor the Vendor is responsible for any abortive costs, losses or damages of a prospective purchaser. Information as to presale or withdrawal of a Lot can be obtained by enquiry to the Auctioneers at any time prior to the auction but is valid only at the time of the enquiry. 8. Prospective purchasers are strongly advised to check these particulars as to measurements, areas and all other matters to which the properties are expressed to be subject to or have the benefit of and in respect of any contents, fixtures or fittings expressed to be included in the sale by making inspection of the property and all the necessary enquiries with Shonki Brothers Ltd, the Vendor, the Vendor s professional advisors and all other appropriate authorities. All statements contained in these particulars as to the properties are made without responsibility on the part of Shonki Brothers Ltd or the Vendors and are not to be relied on as a statement of representation of fact. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in the individual property particulars. The description, dimension and other particulars have been prepared on our own inspection and information supplied by the Vendors and are believed to be accurate but no warranty is given in this respect or that the property is in good structural condition and repair. 9. None of the items, services or facilities included in the sale of working or running nature such as the central heating installation or mechanical or electrical equipment (where included in the sale) have been tested by the Auctioneers or their joint agents and no warranty is given in this respect and potential purchasers should satisfy themselves as to any points arising therefrom. 10. Any guide prices issued, or any estimates or values mentioned in negotiations or discussions, cannot be relied upon by prospective purchasers as representing professional valuations for any purpose in accordance with the requirements or guidance notes of relevant professional bodies, or other authorities. In all respects prospective purchasers are deemed to have relied upon their own professional advisors. 11. Guide prices are subject to alteration. Guide prices or guide price ranges are not necessarily figures at which the property will sell. They are only intended to be an indication. The price achieved at Auction may be more or less. 12. The stated uses of the respective lots are not warranted as being permitted or lawful under any planning legislation and prospective buyers are advised to make their own searches and enquiries and rely upon the results thereof. 13. Shonki Brothers Ltd has not made any investigations into the existence or otherwise of any issue concerning pollution, potential land, air or water contamination affecting any lot and each bidder shall be responsible for making his own enquiries and surveys in this respect. 14. The Vendors do not make or give Shonki Brothers Ltd nor any persons in their employment any authority to make or give any representation of warranty whatsoever in relation to the properties. 15. Identification prospective purchasers must produce documentation to confirm their identity and residential/ company address. PLEASE SEE IDENTITY DOCUMENTS (Page 5). 4 NEXT AUCTION DATE: 23 September 2015 Entries now being taken

5 16. Buyer s Fee: The successful purchaser will be required to pay to the Auctioneers a Buyer s Fee of (plus VAT) upon exchange of contracts. 17. Inspection of investment properties is by courtesy of the Tenants. Inspection of properties with vacant possession is only by arrangement with the Auctioneer. Interested parties must telephone or contact Shonki Brothers Ltd to discuss viewing arrangements, prior to making the journey. There will be no viewings between exchange of contracts and completion. 18. All residential lettings are now regulated tenancies under the Rent Act 1977, the Housing Act 1980 and the Housing Act Measurements, Location Plans & Photographs: All room sizes and site measurements are approximate and have been scaled from Architects, Land Registry or Ordnance Survey Plans. They are published for the convenience of bidders. There accuracy and the shading and/or boundaries thereon are not guaranteed and they are excluded from any Memorandum of Agreement of Sale. They are merely intended to indicate the location of each lot. Interested applicants should make their own site inspections and investigations with regard to the accuracy of all measurements given in the catalogue. Any photographs included in the description of any lot are merely intended to provide purchasers with an approximate indication of the location, character and style of the relevant property and are published solely for the convenience of bidders and are expressly excluded from the Memorandum of Agreement of Sale. Each lot will be sold in accordance with the Title Documentation as the Location Plans shown in the catalogue are for identification purposes only. Purchasers are advised to view the Special Conditions of Sale in respect of the precise interest to be conveyed. Health & Safety: You are asked to exercise all care and diligence during your inspection of the property and the Agents are unable to warrant that the property is free of hazards or complies with Health and Safety legislation. Viewings are at your own risk. The Vendor and Auctioneer accept no liability for any losses, damage, injury or accident. Recommendations: NEVER be afraid to ask the staff at the Auction about anything of which you have doubts. ALWAYS ensure your bid is clearly seen by the Auctioneer by using the bidding paddle provided during registration. Identity Documents: PLEASE NOTE THAT any person buying or bidding at our Auction, MUST produce documentation to confirm their identity and residential address. Please find below a list of acceptable forms of identification. You must provide one document from each list Identity documents: q Valid photo driving licence (not provisional) q Valid passport q Armed forces ID card q Firearms or shotgun certificate q EU member state identity card q Residence permit issued by the Home Office together with own country s passport q State pension book/state benefit book, (in which case the second document must have your full name and residential address or full name and date of birth) Evidence of address: q Valid (old style) driving licence (not provisional) q Local Authority tax bill (current year) q Original bank statement/utility bill/credit union statement (not printed off the internet and dated within last 3 months) q Most recent original mortgage statement from UK lender q Inland revenue (HMRC) self assessment statement, tax demand, notification of PAYE coding, tax credit notification q State pension/benefit documentation Please note that a driving licence can be used as evidence of either an identity document or evidence of address. IT CANNOT BE USED FOR BOTH Legal Documents Online IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 5

6 Garages adjacent to 9 Ruskington Drive, Wigston Fields, Leicester LE18 1LB 1 GUIDE PRICE: 14,000 PLUS VAT GARAGES The garages are located near to the Former Stage Hotel, off Welford Road and Kensington Drive. 2 single garages. A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 20 year period. Freehold investment. The garages are each let on a quarterly basis at a rental of 80 per quarter ( 320 pa) plus VAT. Current rental income: 640 pa plus VAT. Geoffrey Tew & Co, Granby House, 173 London Road, Leicester LE2 1EG Tel: (0116) ~ Ref: L Fairbrother Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. LOT Land at Richard Close, Melton Mowbray, Leicestershire LE13 1BF 2 GUIDE PRICE: 500 Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. LAND The two sites are located off Saxby Road with one site fronting 8 and 10 Richard Close and the other on the corner, opposite 1 Richard Close. Two level sites of public open space of approximately 299 sqyds (250 sqm). Planning: Local Authority: Melton Borough Council (01664) A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 20 year period. The sale will be subject to the buyer paying the Seller's legal and auctioneer's fees. Spearing Waite, 41 Friar Lane, Leicester LE1 5RB Tel: (0116) ~ Ref: S Rhodes 6 NEXT AUCTION DATE: 23 September 2015 Entries now being taken 55 London Road, Leicester LE2 0PE Tel: Fax: info@shonkibrothers.com

7 3 Former Greenhill Post Office, Cropston Drive, Coalville, Leicestershire LE67 4HT GUIDE PRICE: 85,000 COMMERCIAL / RESIDENTIAL SALE BY MORTGAGEE IN POSSESSION The property is located near to the junction of Woodhouse Road, next to Co-Operative Food Store and Greenhill Community Office. A large 3 storey building comprising of a former post office on the ground floor, 3 bedroom residential accommodation above and a garage/outbuilding. The property benefits from upvc double glazing. Accommodation: Ground Floor: Retail area, rear store, w.c., kitchen. GIA: 1,124 sqft (104.4 sqm) First Floor: Lounge, kitchen, dining room, bathroom. GIA: 528 sqft (49.1 sqm) Second Floor: 3 bedrooms, lounge. GIA: 413 sqft (38.4 sqm) Total GIA: 2,065 sqft (191.9 sqm) Outside: First floor roof garden, rear yard with garage/outbuilding. Planning: A1 retail use on ground floor. C3 residential use on upper floors. Potential for alternative uses subject to planning permission. Local Authority: North West Leicestershire District Council (01530) Sale by mortgagee in possession. The property requires modernisation. Freehold. Energy Performance Certificate: Post Office: Rating 78, Band D. Flat: Rating 28, Band F. Irwin Mitchell, 2 Wellington Place, Leeds LS1 4BZ Tel: (0113) ~ Ref: J Murphy IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 7

8 4 6 Ayston Road, Braunstone, Leicester LE3 2GA GUIDE PRICE: 165, ,000 INVESTMENT The property is situated off Narborough Road South near to its junction with Braunstone Lane East. A two storey property comprising ground floor fish and chip shop and a one bedroom self contained flat above. Accommodation: Ground Floor: Retail area, preparation room, kitchen, potato store, w.c. First Floor: Lounge, bedroom, kitchen leading to bathroom. Loft: Converted for storage. Outside: Large outbuilding providing storage, front forecourt and side gated parking, rear yard. Planning: Potential to convert the large outbuilding to residential subject to planning permission. Local Authority: Blaby District Council (0116) The large store is not included in the ground floor lease. Freehold, part vacant and part investment. The shop is let on a 10 year lease from with two yearly rent reviews at a rental of 8,400 pax. Energy Performance Certificate: Pending. Bond Adams, 105 London Road, Leicester LE2 0PF Tel: (0116) ~ Ref: R Patel 8 NEXT AUCTION DATE: 23 September 2015 Entries now being taken 55 London Road, Leicester LE2 0PE Tel: Fax: info@shonkibrothers.com

9 1107 Melton Road, Syston, Leicester LE7 2JS 5 GUIDE PRICE: 120, ,000 RESIDENTIAL The property is located near to the junction of Melton Road and Goodes Lane, approximately half a mile from the centre of Syston. A 3 bedroom semi-detached corner property with detached garage. The property is well presented and has double glazed windows and gas central heating. Accommodation: Ground Floor: Entrance hall, lounge, dining room, kitchen. First Floor: 3 bedrooms, bathroom. Outside: Driveway providing off road parking, detached garage, landscaped rear garden. Originally marketed for 149,950. Freehold. Energy Performance Certificate: Rating 56, Band D. Bond Adams, 105 London Road, Leicester LE2 0PF Tel: (0116) ~ Ref: R Patel LOT Garages at Turnbull Drive, Braunstone, Leicester LE3 2JW 6 GUIDE PRICE: 14,000 PLUS VAT GARAGES The garages are located off Narborough Road South, adjacent to St Crispin Church. 2 single garages. A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 20 year period. Freehold investment. The garages are each let on a quarterly basis at a rental of 80 per quarter ( 320 pa) plus VAT. Current rental income: 640 pa plus VAT. Geoffrey Tew & Co, Granby House, 173 London Road, Leicester LE2 1EG Tel: (0116) ~ Ref: L Fairbrother Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 9

10 44-46 Highgate Road, Sileby, Leicestershire LE12 7PP 7 GUIDE PRICE: 250, ,000 COMMERCIAL / RESIDENTIAL INVESTMENT The property is located in Sileby, off Ratcliffe Road. A large 3 storey mixed use building comprising lock-up retail shop and 3 self-contained flats having one, two and three bedrooms. The flats benefit from upvc double glazing. Planning: Local Authority: Charnwood Borough Council (01509) Previously marketed for 295,000. Freehold, subject to existing tenancies/lease. Straw & Pearce,18 Rectory Place, Loughborough, Leicestershire LE11 1UU Tel: (01509) ~ Ref: P Baker Joint Agent: Andrew Granger & Co. Accommodation: Property, Floor Use Accommodation Tenancy/Lease EPC Rating, Band 46, Ground Lock-up retail unit 46, First & Second Self-contained flat 44, Ground Self-contained flat 44, First & Second Self-contained flat 503 sqft (46.7 sqm) 10 year IRI lease from March 2015, with 3 year tenant break option 3 bedrooms 6 months Assured Shorthold Tenancy from bedroom 12 months Assured Shorthold Tenancy from bedrooms 12 months Assured Shorthold Tenancy from Rent ( ) pax 66, C 7,500 67, D 5,940 62, D 3,900 65, D 5,100 Outside Forecourt providing one parking space per tenant Current Rental Income 22, NEXT AUCTION DATE: 23 September 2015 Entries now being taken 55 London Road, Leicester LE2 0PE Tel: Fax: info@shonkibrothers.com

11 8 Land opposite Baldocks Lane, Melton Mowbray, Leicestershire LE13 1EN GUIDE PRICE: 2,500 LAND Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. The land is located off A606 Burton Road on the corner of Wallis Close. A site of public open space of approximately 2,989 sqyds (0.62 acres). Planning: Local Authority: Melton Borough Council (01664) A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 20 year period. The sale will be subject to the buyer paying the Seller's legal and auctioneer's fees. Freehold. Spearing Waite, 41 Friar Lane, Leicester LE1 5RB Tel: (0116) ~ Ref: S Rhodes IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 11

12 Ground Floor Flat, 318 Martin Street, Belgrave, Leicester LE4 6EU 9 GUIDE PRICE: 65,000-70,000 photograph of whole block RESIDENTIAL INVESTMENT The property is located off Catherine Street near to Catherine Infant School. A two bedroom ground floor self-contained flat with 2 car parking spaces, electric storage heating and double glazing. Accommodation: Ground Floor: Entrance hall, lounge, kitchen, 2 double bedrooms, bathroom. Outside: 2 car parking spaces. Leasehold, 125 years from Ground Rent: 15 (6 monthly) Service Charge: (6 monthly) Let on a 6 month Assured Shorthold Tenancy from at a rent of 375 pcm ( 4,500 pa) exc., tenant holding over. Energy Performance Certificate: Pending. G S Solicitors, 23 Station Road, Hinckley, Leicestershire LE10 1AW Tel: (01455) ~ Ref: C Skelton LOT 6A & 6B Swanscombe Road, Leicester LE2 7QG 10 GUIDE PRICE: 125, ,000 RESIDENTIAL INVESTMENT The property is located off Aylestone Road, on the junction of Swanscombe Road and Dartford Road. A corner property converted into two selfcontained flats with upvc double glazing and electric storage heating. Energy Performance Certificate:6A: Rating 41, Band E. 6B: Pending. Accommodation & Tenancies: Floor / Flat Accommodation Assured Shorthold Tenancy Ground, 6A First, 6B Lounge, kitchen, bedroom, bathroom Lounge, kitchen, bedroom, bathroom Freehold, subject to existing tenancies. Energy Performance Certificate: 6A: Rating 41, Band E. 6B: Pending. Bond Adams, 105 London Road, Leicester LE2 0PF Tel: (0116) ~ Ref: R Patel 6 months from months from Rent ( ) pcm exc Rent ( ) pax 365 4, ,200 Outside Small yard, store, cellar Current Rental Income 715 8, NEXT AUCTION DATE: 23 September 2015 Entries now being taken 55 London Road, Leicester LE2 0PE Tel: Fax: info@shonkibrothers.com

13 Shenton House, Leicester Road, Loughborough, Leicestershire LE11 2AE 11 GUIDE PRICE: 750,000 PLUS VAT COMMERCIAL INVESTMENT The property is located at the corner of Southfields Road and A6 Leicester Road near to the Charnwood Borough Council Offices. A 3 storey office block converted into office suites benefiting from lift, DDA Compliance, full gas central heating, fire alarm system and emergency lighting. Externally there is a yard area leading to a covered car park for approximately 16 vehicles. The common areas are maintained by the Landlord. The cost of this is recovered from the Tenants by way of a service charge. Freehold, part vacant and part investment. Energy Performance Certificate: 23: Rating 83, Band D. Second Floor, 23: Rating 97, Band D. Geoffrey Tew & Co, Granby House, 173 London Road, Leicester LE2 1EG Tel: (0116) ~ Ref: L Fairbrother Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. Accommodation: Floor Suite Tenant sqft (sqm) approx. Lease Rent ( ) pax + VAT Ground Secure parking for 16 vehicles First Intraining (ESD) Ltd 8,670 (806.3 sqm) 6 year FRI lease from 37, Second A JHP Group Limited 1,132 (105.3) 5 year FRI lease from 8, B vacant 1,058 (98.4) C vacant 1,440 (133.9) Total 16,500 (1,534.5) 46,300 Estimated Rental Value 66,880 IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 13

14 35 Bringhurst Road, Glenfield, Leicester LE3 6LE 12 GUIDE PRICE: 100, ,000 RESIDENTIAL INVESTMENT The property is located in Glenfield, off Dominion Road. A 4 bedroom mid terrace with full gas central heating and upvc double glazing. Energy Performance Certificate: Rating 62, Band D. Freehold, subject to existing tenancies, which are currently holding over. Rajinder Singh & Co, 85 London Road, Leicester LE2 0PF Tel: (0116) ~ Ref: R Singh Accommodation & Tenancies: Floor Accommodation Assured Shorthold Tenancy Rent per Rent pa week ( ) ( ) inc. inc. Ground Communal lounge, diner/kitchen, w.c, utility room First Room 1 6 months from , Room 2 6 months from , Room 3 6 months from , Room 4 6 months from , Communal Bathroom Outside Off road parking, rear garden Gross Rental Income 14,560 LOT Garages adjacent to 24 Grangeway Road, Wigston Fields, Leicester LE18 1JE 13 GUIDE PRICE: 20,000 PLUS VAT GARAGES The garages are located near to the Former Stage Hotel, off Welford Road and near to the corner of Kensington Drive A block of 3 single garages. A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 20 year period. Freehold, part vacant and part investment. Two of the garages are each let on a quarterly basis at a rental of 80 per quarter ( 320 pa) plus VAT. Current rental income: 640 pa plus VAT. Geoffrey Tew & Co, Granby House, 173 London Road, Leicester LE2 1EG Tel: (0116) ~ Ref: L Fairbrother Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. 14 NEXT AUCTION DATE: 23 September 2015 Entries now being taken 55 London Road, Leicester LE2 0PE Tel: Fax: info@shonkibrothers.com

15 35-37 High Street, Barwell, Leicestershire LE9 8DS 14 GUIDE PRICE: 175, ,000 COMMERCIAL / RESIDENTIAL INVESTMENT The property is located on High Street near to Barwell Church of England Junior School. A large property comprising of 2 shops and 4 self-contained flats with fire alarm system. Two of the flats are sold on long leaseholds. Accommodation: BHW Solicitors, 5 Grove Court, Grove Park, Leicester LE19 1SA Tel: (0116) ~ Ref: B Merrell Freehold, subject to existing tenancies/leases. Accommodation & Tenancies: Property Floor Description/Use Accommodation EPC Rating, Lease/Tenancy Rent ( ) Rent ( ) Band pcm exc pax 35 Ground Cafeteria Café, kitchen, store, w.c. 95, D 12 month lease from , tenants have , been in occupation for 7 years 37 Ground Beauty Salon Reception area, 2 treatment 108, E 12 month lease from ,800 rooms, w.c. 35A Ground Flat 27, F Long leasehold for 999 years from A First Flat Lounge, kitchen, bedroom, 30, F 12 months Assured Shorthold Tenancy from ,500 bathroom B First Flat 30, F Long leasehold for 999 years from C First Flat Lounge, kitchen, bedroom, 36, F 12 months Assured Shorthold Tenancy from ,800 bathroom Outside Rear yard Current Rental Income 1, IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 15

16 WE'REPROUDTO SHONKIB ROTHERSLTDAUCTION Colin Duton or WilSim p son Leicester SMECommercial or NEXT AUCTION DATE: 23 September 2015 Entries now being taken

17 Former Theatre Building, Herongate Road, Leicester LE5 0AW 15 GUIDE PRICE: 275, ,000 COMMERCIAL The property is located opposite Humberstone Heights Golf Course and adjacent to the new school development. Currently access is via Gipsy Lane but a new access off Herongate Road will be provided. The remainder of the site is being developed to provide high quality residential accommodation in keeping with the surrounding area. The property comprises of a former church building of approximately 5,880 sqft. The building was formerly used as a theatre and includes a large open plan area, stage and lower ground floor dressing rooms. Accommodation: Basement: 1,016 sqft (94.4 sqm) Ground Floor: 4,864 sqft (451.9 sqm) Total NIA: 5,880 sqft (546.3 sqm) Outside: Land which can be converted for parking. Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. Planning: Previously a theatre (Sui Generis) and place of worship (D1). D1 includes use for education, worship, health centres, nurseries, museums, public halls, libraries and exhibition halls. Suitable for alternative uses subject to planning permission. Local Authority: Leicester City Council (0116) Annex to be demolished by the Seller to provide vehicular access. The land shaded light blue on the plan will be a shared access road which will be constructed by the Seller at a time to be agreed in line with the Buyer's timeframe. Freehold. Spearing Waite, 41 Friar Lane, Leicester LE1 5RB Tel: (0116) ~ Ref: L Ward Joint Agent: Lambert Smith Hampton. IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 17

18 Garages adjacent to 121 Edward Avenue, Braunstone, Leicester LE3 2PE 16 GUIDE PRICE: 20,000 PLUS VAT GARAGES The garages are located off Narborough Road South, near to the junction of Fernhurst Road. A block of 3 single garages. A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 20 year period. Freehold, part vacant and part investment. One of the garages is let on a quarterly basis at a rental of 80 per quarter ( 320 pa) plus VAT. Geoffrey Tew & Co, Granby House, 173 London Road, Leicester LE2 1EG Tel: (0116) ~ Ref: L Fairbrother Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. LOT 71 Erdyngton Road, Braunstone, Leicester LE3 1JG 17 GUIDE PRICE: 85,000-90,000 RESIDENTIAL The property is located near to Hinckley Road, off Overpark Avenue. A 3 bedroom mid town house requiring modernisation. Accommodation: Ground Floor: Entrance hall, 2 reception rooms, kitchen, store. First Floor: 3 bedrooms, bathroom. Outside: Front and rear gardens. In need of modernisation. Freehold. Energy Performance Certificate: Pending. Bond Adams, 105 London Road, Leicester LE2 0PF Tel: (0116) ~ Ref: R Patel 18 NEXT AUCTION DATE: 23 September 2015 Entries now being taken 55 London Road, Leicester LE2 0PE Tel: Fax: info@shonkibrothers.com

19 Nottingham Road, Loughborough LE11 1EX, 1 & 2 Whitegate, Loughborough, Leicestershire LE11 1FH 18 GUIDE PRICE: 250, ,000 PLUS VAT COMMERCIAL / RESIDENTIAL INVESTMENT The properties are located on the corner of Whitegate, within walking distance of the railway station and half a mile from the city centre. A 2 storey commercial property comprising four ground floor retail units converted to provide one large unit. The upper floors have been converted to provide two well-presented 2 bedroom flats with separate access from Whitegate. Externally there is the benefit of ample parking for approximately 18 cars. Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. VAT is payable on the purchase price. The Buyer has the right of vehicular and pedestrian access at all times over the land outlined green on the plan. Freehold, subject to existing lease and tenancies. Nelsons, Provincial House, 37 New Walk, Leicester LE1 6TU Tel: (0116) ~ Ref: J Coningsby Accommodation & Tenancies: Property Floor Accommodation Tenancy / Lease EPC Band, Rating Nottingham Road Ground Lock up gym & weight management centre 2,414 sqft (224.5 sqm) 1 Whitegate First Lounge, dining room, kitchen, 2 bedrooms, bathroom 694 sqft (64.5 sqm) 2 Whitegate First Lounge, kitchen, 2 bedrooms, bathroom 768 sqft (71.4 sqm) Let for a term of 5 years from pax with 3 month break option by either party 6 months Assured Shorthold Tenancy from Rent to be increased to 6,000 pax from months Assured Shorthold Tenancy from Rent to be increased to 5,400 pax from Rent ( ) pax. pending 15,000 41, E 5,700 66, D 5,100 Outside Parking for approx. 18 cars Current Rental Income 25,800 Rental Income from ,400 IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 19

20 23 Newhaven Road, Evington, Leicester LE5 6JG 19 GUIDE PRICE: 180, ,000 RESIDENTIAL The property is located in Evington, opposite to Judgemeadow School. A 2 bedroom bungalow with large garage, full gas central heating and double glazing. Accommodation: Ground Floor: Entrance hall, lounge, kitchen, 2 bedrooms, bathroom, conservatory. Loft Space: Converted for storage. Outside: Front and large rear gardens, double garage. Planning: Potential for side and rear extension. Local Authority: Leicester City Council (0116) Freehold. Energy Performance Certificate: Rating 37, Band F. Rajinder Singh & Co, 85 London Road, Leicester LE2 0PF Tel: (0116) ~ Ref: R Singh 20 NEXT AUCTION DATE: 23 September 2015 Entries now being taken 55 London Road, Leicester LE2 0PE Tel: Fax: info@shonkibrothers.com

21 Garages adjacent to 1 Rockhill Drive, Mountsorrel, Leicestershire LE12 7DS 20 GUIDE PRICE: 20,000 PLUS VAT GARAGES The garages are located near to the junction of Castle Road. A block of 3 single garages. A Development Uplift Clause will be included within the contract entitling the Seller to recover 30% of any increase in value of the site for a 20 year period. Freehold, part vacant and part investment. One of the garages is let on a quarterly basis at a rental of 80 ( 320 pa) plus VAT. Geoffrey Tew & Co, Granby House, 173 London Road, Leicester LE2 1EG Tel: (0116) ~ Ref: L Fairbrother Crown Copyright. All Rights Reserved. Licence No Plans are for location purposes only. LOT 26 Thurlow Road, Clarendon Park, Leicester LE2 1YE 21 GUIDE PRICE: 165, ,000 RESIDENTIAL The property is located in the popular Clarendon Park area, off Welford Road, near to Victoria Park and Leicester University. A three bedroom bay fronted terrace property with gas central heating and upvc double glazing. Accommodation: Ground Floor: Entrance hall, 2 reception rooms, extended kitchen. First Floor: 3 bedrooms, bathroom. Outside: Front and rear garden. This property is registered under Houses in Multiple Occupation under Article 4 Direction. Freehold. Energy Performance Certificate: Rating 39, Band E. Rich & Carr Freer Bouskell, 22 The Parade, Oadby, Leicester LE2 5BF Tel: (0116) ~ Ref: J R Rixon IMPORTANT NOTICE: All purchasers will be required to produce proof of identity, as well as their 10% deposit. Two forms of identification required. BUYERS FEE: The successful purchaser will be required to pay the Auctioneers a buyer's fee of 600 (plus VAT). No Cash Deposits. 21

22 22 NEXT AUCTION DATE: 23 September 2015 Entries now being taken

23 MONEY LAUNDERING REGULATIONS 2007 New Anti-Money Laundering Regulations came into effect from December 15th 2007 which affect both estate agents and auctioneers. There is now a requirement that Shonki Brothers Ltd confirms the identity of its clients, therefore we will carry out checks on both vendors and buyers. In order to comply with these regulations, all buyers must always provide Shonki Brothers Ltd auction team with the following documents: A photocopy will be taken as part of the auction control process. PROOF OF IDENTITY & PROOF OF CURRENT RESIDENTIAL ADDRESS: IDENTITY DOCUMENTS: q Valid photo card driving licence q Valid passport q Armed forces ID card q Firearms or shotgun certificate q EU member state identity card q Residence permit issued by the Home Office together with own country s passport q A government issued document (without a photograph) if it has your full name AND SUPPORTED BY a document having full name and date of birth or full name and residential address. EVIDENCE OF ADDRESS: q Recent local council tax bill q Current full driving licence (if not used for identity) q State pension benefit documentation q Most recent original mortgage statement from a recognised lender q Local council or housing association rent card or tenancy agreement q Inland revenue self-assessment statement, tax demand, notification of PAYE coding, tax credit notification IN THE CASE OF A LIMITED COMPANY YOU MUST PROVIDE: q A corporation certificate q VAT certificate q Evidence of Directors identity and address as mentioned q A letter of authority from the company will also be required and customer due diligence on the beneficial owner, that is the person or persons controlling the business. IN ADDITION: q If a bidder is acting as an agent on behalf of another party, they will be required to provide the documents detailed above for both themselves (the agent) and the principal, as well as provide a valid letter of authority from the principal authorising them to bid on their behalf. q If a bidder is acting on behalf of a company, the above documents will still be required along with written authority from the company. PLEASE NOTE THAT ONLY THE ABOVE DOCUMENTS WILL BE ACCEPTED AT THE AUCTION BUSINESS WITHOUT BARRIERS We provide Insurance Broking and Risk Management services for clients ranging from new start-ups to some of the largest PLC s and transact business in 140 countries worldwide. For more information contact our Leicester office: 5 Western Boulevard, Leicester, LE2 7EX Tel: Arthur J. Gallagher Insurance Brokers Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: Spectrum Building, 7th Floor, 55, Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909

24 AUCTION VENUE Directions to Leicester Racecourse 55 London Road, Leicester LE2 0PE Tel: Fax: