Auction Wednesday 25th November 2015 Commences at 3.00pm prompt and will be held at: Saxon Hall, Aviation Way Southend-on-Sea Essex SS2 6UN Particulars and Conditions of Sale may be obtained from the auctioneers offices at: 200 London Road, Southend, Essex SS1 1PJ. Tel: 01702 432255 www.hairandson.co.uk
Auction Department SAXON HALL Aviation Way, Southend-on-Sea, Essex SS2 6UN London Southend Airport Directions to SAXON HALL Travelling towards Southend on the A127 turn left into Nestuda Way at the Tesco Superstore roundabout (actually a slip road just before the roundabout). At the second roundabout turn right into Eastwoodbury Lane. Straight over at the next roundabout - still on Eastwoodbury Lane. Turn left at the next roundabout into Aviation Way. Proceed for 400 yards and SAXON HALL is situated on your right hand side.
NOTICE TO ALL BIDDERS Your attention is drawn to the General Conditions of Sale and Special Conditions of Sale, which are separately available from our office or website. Prospective purchasers and their professional advisers should read them carefully. Prospective purchasers are advised to check the particulars in this catalogue to ensure that they are satisfied with the accuracy of the details of leases, measurements and other relevant matters. Prospective purchasers are deemed to have inspected the relevant properties and to have made all necessary and appropriate enquiries and searches. We have arranged for a representative from a local firm of solicitors to attend the Auction to be available for last minute comment and advice on General Conditions of Sale and Special Conditions of Sale, etc. The successful bidder is bound under contract as soon as the Auctioneer's gavel falls on his/her final bid. Immediately thereafter, the purchaser will be handed a card by the Auctioneer's clerk requesting details of his/her name and that of his/her Solicitors. The purchaser must then sign and exchange a Memorandum of Contract at the back of the catalogue and provide a cheque for the deposit prior to leaving the Room. We issue a guide price for each property. These are not the same as reserve prices which are the undisclosed figure below which the property will not be sold under the hammer. The guide prices are usually set at the lower end of the vendors expectations. Guide prices are sometimes adjusted between publication of the catalogue and the auction sale, these adjustments are shown on our web site. They can go up especially if pre Auction offers are received and declined in excess of the guide, or they can go down. Within the industry the reserve is expected to be within 10% of the final Guide Price. As a general rule our reserves over the past year have not exceeded the price guides in the catalogue. Hair & Son Auctions Limited and our Clients accept no responsibility for any loss, damage, costs or expenses incurred or suffered by the purchaser as the result of acting on guide prices or suggestions. Where possible, the Auctioneer will have a legal pack available for inspection at the Auctioneer's office during the period leading up to the Auctions. During this period legal packs can also be downloaded free via our web site www.hairandson.co.uk The legal documentation on line is usually uploaded to the web site on the day received from the vendor s solicitors. Copies of special conditions of sale are available on request. Printed copies of legal packs are available subject to charge of 35 (including VAT) for each legal pack. Tenanted properties may only be viewed by prior arrangement with the Auctioneers. Occasionally, properties are sold prior to the Auction and we recommend that prospective purchasers check with our office on the morning of the sale to confirm that the property in which they are interested is still available. The Auctioneer reserves the right to divide or sell any lots or two or more lots together and to sell properties prior to the Auction. We strongly recommend that you attend the Auction but if you cannot and wish to make a telephone or proxy bid, then arrangements can be made on a form available from the Auctioneer. This obviously takes time to arrange and must be with us to include the deposit payment 24 hours before the start of the sale, i.e. 3.00 p.m. the day before. The buyer will pay to the Auctioneers a Buyers Administration Fee of 250 + Vat ( 300). If for any reason this is not paid on exchange of contracts then it will be payable to the seller s solicitors on completion in addition to the purchase price. Hair & Son Auctions Limited registered office 177 London Road, Southend on Sea, Essex. SS1 1AG. Registration No. 04688701. You attention is drawn to the proof of residency notice contained in the Catalogue. PAYING THE DEPOSIT Please note that we do not accept cash as a method of payment for the deposit. We will accept Bankers Drafts, Personal cheques, Company cheques and Building Society cheques made out to Hair & Son Auctions Limited.
200 London Road T: 01702 432255 Southend On-Sea W: www.hairandson.co.uk Essex, SS1 1PJ E: Auction@hairandson.co.uk 30th SEPTEMBER 2015 AUCTION RESULTS Address of Property 1. 40 The Approach, Rayleigh SOLD 15,000 2. 5 & 7 Van Diemans Road, Chelmsford Refer to Auctioneer 3. 141 North Road, Westcliff on Sea SOLD 163,000 4. 102 South Crescent, Southend on Sea SOLD 190,000 5. 36 Malvern, Southend on Sea SOLD 70,000 6. 1 Wesley Road, Southend on Sea SOLD 180,000 7. 11 Britannia Road, Westcliff on Sea SOLD 266,000 8. 6 Brook Road Industrial Centre, Brook Road, Rayleigh SOLD 87,000 9. Flat 2, 57-59 Southchurch Avenue, Southend on Sea Available @ 76,000 10. Brockwell, North Shoebury Road, Shoebury SOLD 150,000 11. 11 Elizabeth Road, Southend on Sea SOLD 188,000 12. 21 Windsor Road, Southend on Sea SOLD 181,000 Success rate year to-date 83% Total: 1,490,000 THE LIST IS NOW OPEN FOR OUR 24TH FEBRUARY 2016 AUCTION FOR FURTHER INFORMATION AND PROFESSIONAL ADVICE Contact the Auction Team: TERENCE HAIR B.Sc., M.R.I.C.S. or STEVE BRIDGE M.N.A.V.A.
ORDER OF SALE LOT NO. PROPERTY 1. 132 South Avenue, Southend on Sea GROUND RENT INVESTMENT. 2. 348 Westborough Road, Westcliff on Sea GROUND RENT INVESTMENT. 3. 2 London Road, Aveley GROUND RENT INVESTMENT. 4. 48 Meteor Road, Westcliff on Sea GROUND RENT INVESTMENT. 5. 21 Chevers Pawen, Pitsea A FREEHOLD RESIDENTIAL INVESTMENT COMPRISING TWO BED HOUSE LET ON AN A.S.T. 6. 187 Pall Mall, Leigh on Sea A FREEHOLD INVESTMENT COMPRISING RENT REGULATED TENANCY AND GROUND RENT. 7. 92 East Street, Southend on Sea A FREEHOLD TWO BED, END OF TERRACE COTTAGE IN NEED OF REMEDIAL WORK. 8. 409 London Road, Westcliff on Sea A VACANT FREEHOLD, SHOP AND ACCOMMODATION. 9. 182 Pall Mall, Leigh on Sea A VACANT FREEHOLD STORE, REDEVELOPMENT POTENTIAL. GENERAL REMARKS Tenanted properties may only be viewed by prior arrangement with Hair & Son Auctions Ltd. The Auctioneer reserves the right to divide or sell part of any Lot or offer two or more Lots together. OCCASIONALLY PROPERTIES ARE SOLD PRIOR TO AUCTION AND WE RECOMMEND THAT PROSPECTIVE PURCHASERS CHECK WITH THIS OFFICE ON THE MORNING OF THE SALE TO CONFIRM THAT THE PROPERTY IN WHICH THEY ARE INTERESTED IS STILL AVAILABLE
LOT 1 132 South Avenue, Southend on Sea, Essex. SS2 4HU GUIDE PRICE 6,000* A freehold ground rent investment secured on two flats. With reversion from 2080 Tenure: The ground floor flat is sold on a 125 year Lease from 2005 at a ground rent of 40 per annum. The first floor flat is sold on a 99 year Lease from 1981 at a ground rent of 40 per annum. *See note regarding guide price within Notice to Bidders at the front of the catalogue. Agents Note: Section 5(b) Notices under the Landlord & Tenant Act 1987 have been served on the leaseholders. No Counter Notices have been received. The landlord has a duty to maintain and insure. THUS PRODUCING 80.00 PER ANNUM Vendor s solicitors: Messrs Jefferies Essex LLP, 3rd Floor, Dencora Court, Tylers Avenue, Southend on Sea, Essex SS1 2BB. Tel: 01702 443479. Ref: DP.
LOT 2 348/a Westborough Road, Westcliff on Sea, Essex. SS0 9TR GUIDE PRICE 4,000* A freehold ground rent investment secured on two flats with reversion from 2105. Tenure: The flats are sold on a 125-year Lease from 1980 at a ground rent of 30 per annum each. *See note regarding guide price within Notice to Bidders at the front of the catalogue. Agents Note: Section 5(b) Notices under the Landlord & Tenant Act 1987 have been served on the leaseholders. No Counter Notices have been received. The landlord has a duty to maintain and insure. THUS PRODUCING 60.00 PER ANNUM Vendor s solicitors: Messrs Paul Robinson Solicitors LLP, The Old Bank, 470-474 London Road, Westcliff on Sea, Essex SS0 9LD. Tel: 01702 338338. Ref: LFL.
LOT 3 2 London Road, Aveley, Essex. RM15 4XU GUIDE PRICE 8,250* A freehold ground rent investment secured on three flats with reversion from 2104. Tenure: Flats A, B, & C are sold on a 99 year lease from 2005. Flat A. Ground rent: 150 P.A. for the first 33 years and then 300 P.A. for the second 33 years and 450 P.A for the remainder. Flat B. Ground rent: 125 P.A. for the first 33 years and then 250 P.A. for the second 33 years and 375 P.A for the remainder. Flat C. Ground rent: 100 P.A. for the first 33 years and then 200 P.A. for the second 33 years and 300 P.A for the remainder. Agents Note: Section 5(b) Notices under the Landlord & Tenant Act 1987 have been served on the leaseholders. No Counter Notices have been received. The landlord has a duty to maintain and insure. *See note regarding guide price within Notice to Bidders at the front of the catalogue. THUS PRODUCING 375.00 PER ANNUM Vendor s solicitors: Messrs Jefferies Essex LLP, 3rd Floor, Dencora Court, Tylers Avenue, Southend on Sea, Essex SS1 2BB. Tel: 01702 443479. Ref: DP.
LOT 4 48 Meteor Road, Westcliff on Sea, Essex. SS0 8DG GUIDE PRICE 24,500* A freehold ground rent investment secured on six flats with reversion from 2086 Tenure: Flats A, B, D, E, and F are sold on a 99 year Lease from 1987 at a ground rent of 50 P.A. each, increasing by 50 P.A. every 33 years. Flat C is yet to be confirmed. *See note regarding guide price within Notice to Bidders at the front of the catalogue. Agents Note: Section 5(b) Notices under the Landlord & Tenant Act 1987 have been served on the leaseholders. No Counter Notices have been received. The landlord has a duty to maintain and insure. THUS PRODUCING 250.00 PLUS FLAT C PER ANNUM Vendor s solicitors: Messrs Jefferies Essex LLP, 3rd Floor, Dencora Court, Tylers Avenue, Southend on Sea, Essex SS1 2BB. Tel: 01702 443479. Ref: DP.
LOT 5 21 Chevers Pawen, Pitsea, Basildon, Essex SS13 3EJ GUIDE PRICE 130,000* A freehold residential investment let on an Assured Shorthold Tenancy. A two bedroomed end of terrace house, located in this mews location. Double glazed front door to: Entrance lobby: Meters. Door to: Lobby: Doors to: Lounge: 14 9 x 11 6 (4.4 x 3.5m). Double glazed sliding patio doors to rear garden, radiator. Dining room: 11 x 8 9 (3.3 x 2.6m). Double glazed window to front, radiator, understairs cupboard. Door to: Kitchen: 9 9 x 9 9 (2.9 x 2.9m). Double glazed window and door to flank, window to rear, kitchen units, built-in oven and hob, gas boiler supplying central heating and domestic hot water, radiator. First floor landing: Double glazed window to rear, cupboard. Bedroom 1: 15 x 11 9 (4.5 x 3.5m). Double glazed window to front, radiator, access to loft, coved textured ceiling. Bedroom 2: 12 3 x 9 (3.7 x 2.7m). Double glazed window to front, radiator, double opening cupboard. Bathroom: Panelled bath, electric shower unit, pedestal wash hand basin, radiator, double glazed window to rear. Separate WC: WC, double glazed window to flank, radiator. Exterior Rear garden: Approximately 25 (7m) being paved with a southerly aspect. Tenancy: The tenants signed a one-year Assured Shorthold Tenancy from 2nd January 2009 at a rent of 550 P.C.M. They are presently holding over. *See note regarding guide price within Notice to Bidders at the front of the catalogue. THUS PRODUCING 550 PER CALENDAR MONTH Vendor s solicitors: Messrs Tees Law, Stonebridge House, Stonebridge Walk, High Street, Chelmsford, Essex CM1 1EY. Tel: 01245 491122. Ref: GY.
LOT 6 187/187a, Pall Mall, Leigh on Sea, Essex. SS9 1RD GUIDE PRICE 140,000* A freehold residential investment comprising a large corner property arranged as two flats, the ground floor let on a rent regulated tenancy and the other sold on a ground lease. Ground Floor Flat Entrance hall. Front Room (Used as a bedroom): 14 10 x 12 (4.5 x 3.6m). Double glazed corner bay. Bedroom 2: 14 10 x 16 9 (4.5 x 5.1m). Double glazed. Lounge: 18 8 x 13 5 (5.7 x 4.1m) Front Room: (used as a dining room) 10 2 x 11 9 (3.1 x 3.6m) Kitchen: 5 4 x 9 7: (1.7 x2.9m) Shower Room: With toilet and wash basin Small Utility Room: Externally: Parking space. Portion of rear garden. Tenancy: Ground floor flat The ground floor flat is let on a Rent Regulated Tenancy at a rent of 95.50 per week registered with effect from 25th October 2013. (uncapped rent 128.50 per week). First Floor Flat The first floor flat has been sold on a 99 year lease from May 2014 at a ground rent of 250 P.A. and increasing by 250 every 20 years. Agents Note: Section 5(B) Notices under the Landlord and Tenant Act 1987 have been served on the leaseholders. No counter notices have been received. *See note regarding guide price within Notice to Bidders at the front of the catalogue. THUS PRODUCING 5,216 PER ANNUM (equilivent) Vendor s solicitors: Messrs Engleharts, 49 Vallance Hall, Hove Street, Hove, BN3 2DE. Tel: 01273 204411 Ref: KF.
LOT 7 92 East Street, Southend on Sea, Essex. SS2 6LH GUIDE PRICE 155,000* A vacant freehold two bedroomed end of terrace cottage in need of remedial work conveniently located, close to Prittlewell train station. Double glazed front door to: Lounge: 12 x 11 6 (3.6 x 3.2m). Double glazed window to front, textured ceiling, radiator, understairs storage cupboard housing meters. Kitchen: 11 6 x 10 9 (3.5 x 3.2m). Double glazed window to rear, textured ceiling, kitchen units, radiator. Door to: Lobby: 6 3 x 6 (1.9 x 1.8m) max. Double glazed window and door to flank, space for washing machine, gas boiler supplying central heating and domestic hot water (not tested), tiled floor. Door to: Bathroom: Double glazed windows to rear and flank, extensively tiled, panelled bath, shower unit, WC, pedestal wash hand basin, single panelled radiator, tiled floor. First floor landing Bedroom 1: 12 x 11 6 (3.6 x 3.5m). Two double glazed windows to front, radiator, textured ceiling, overstairs storage cupboard. Bedroom 2: 11 3 x 10 9 (3.4 x 3.2m). Double glazed window to rear, radiator, textured ceiling, overstairs storage cupboard. Exterior Rear garden: Approximately 60 (18m) benefiting from a southerly aspect, laid mainly to lawn, side pedestrian access. Small front garden. *See note regarding guide price within Notice to Bidders at the front of the catalogue. VACANT POSSESSION UPON COMPLETION Vendor s solicitors: Messrs Marcus Baum, Madison House, 100-102 Alexandra Road, Southend on Sea, Essex SS1 1HQ. Tel: 01702 346677. Ref: HB.
LOT 8 409 London Road, Westcliff on Sea, Essex. SS0 7HU GUIDE PRICE 200,000* A substantial freehold vacant shop and accommodation on ground and first floor in need of renovation and improvement. Potential for shop, ground and first floor flats subject to the usual consents. Ground Floor SHOP: 16 4 x 41 10 (5 x 12.7m). Stairs to first floor and door to rear Lobby: about 8 x 10 (2.4 x 3m) Toilet Rear Studio Room: 18 x 31 8 (5.5 x 9.6m). *See note regarding guide price within Notice to Bidders at the front of the catalogue. First Floor Large Front Room: 16 4 x 32 (5 x 9.7m) plus front bay Bathroom: Bath, wash basin and W.C. Rear Room: 7 9 x 8 8 (2.3 x 2.6 m) Rear Room 2: 11 x 10 ( 3.3 x 3m) Externally Side access Rateable Value 7,400 VACANT POSSESION UPON COMPLETION Vendor s solicitors: Messrs Sackvilles, 135 High Street, Hornchurch, Essex. RM11 3YJ. Tel: 01708 446704 Ref: PDR.
LOT 9 182 Pall Mall, Leigh on Sea, Essex. SS9 1RB GUIDE PRICE 25,000* A two storey workshop and front yard in need of renovation or redevelopment (subject to the usual consents). Ground Floor: 11 4 x 24 2 (3.4 x 7.4m) stairs to first floor *See note regarding guide price within Notice to Bidders at the front of the catalogue. First Floor: 10 6 x 23 2 (3.2 x 7.1 m) Yard: 14 6 X 26 3 (4.4 x 8m). Wooden gates VACANT POSSESION UPON COMPLETION Vendor s solicitors: Messrs Cooper Lingard, Watson House, Broadway West, Leigh on Sea, Essex. SS9 2DA Tel: 01702 715411 Ref: RP..
Memorandum I/We: of: do hereby acknowledge myself/ourselves to be the Purchaser(s) of Lot No. described in the foregoing Particulars and subject to the conditions of sale. By way of deposit and in part payment of the purchase money to the Auctioneers, HAIR & SON AUCTIONS LIMITED, and I/we hereby agree to pay the balance of the said purchase money and to complete the purchase according to the said conditions. DATED this day of 2015 PURCHASE MONEY DEPOSIT BALANCE In addition and at the same time, the purchaser is required to pay by cheque to the Auctioneer an Administration Charge of 250 + VAT ( 300). Please make cheques payable to Hair and Son Auctions Ltd Signed PURCHASER As agents for the Vendor we ratify the sale and acknowledge receipt of the above mentioned deposit as Stakeholders. Signed Abstract of Title to be sent to:-
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