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property auction catalogue

W A Barnes Llp / Portland Square / Sutton In Ashfield / Nottinghamshire / NG17 1DAchartered surveyors / auctioneers / valuers / estate agentst 01623 554084 / 553929 / f 01623 550764 / e [email protected]

wabarnes.co.uk

thursday 14th May 20153pm prompt at The Towers / Botany AvenueMansfield / Notts / NG18 5NG

Upon instructions from Mansfield District Council, Central Nottinghamshire MIND, Executors, Beneficiaries, Trustees and Other Sources.

A Collective Sale of “Residential Property with Potential”,

Commercial Premises, Land & Investments.Of immediate interest to investors,

speculators, owner-occupiers and buildersTo Be Sold By Public Auction

(Unless Sold Previously By Private Treaty)

2 wabarnes.co.uk*see Auction Procedures on back cover for Guide Price information

we sell the lot!As we predicted, prices are rising – mainly due to low volumes of available stock, but also partly due to the increased availability of more attractive mortgage products, some of which are fi xed for up to ten years. The Governments changes with regards to Pensions may also be a signifi cant factor.

This Sale embraces a wide variety of sensibly reserved Lots and offers something for everyone.

On the matter of Guide Prices and Reserves, you will note that we are required to print the relevant Defi nitions of both terms in the Catalogue. These Defi nitions are the work of the Advertising Standards Authority and the RICS. They do not represent my view which is that the Guide Price should not be misleading in any way. It therefore follows that, in my opinion, the ASA and the RICS seem to be sanctioning auctioneers misleading the public “a little bit” by the 10% allowance referred to in their Defi nitions. We all know that many unprofessional auctioneers will now routinely issue a Guide Price that is 10% below the Reserve. The real “cow boys” continue to issue Guides that are far, far below the Reserve. This is intended to stimulate interest and is referred to as “baiting”. It is obviously completely unfair as it means that the buyer with a budget at the Guide Price can never stand a chance of buying it at that fi gure.

We take great pride in our reputation for professionalism and fair dealing. Without a crystal ball, it is impossible to predict with certainty the price at which the hammer will fall. This depends on the level of competition in the Room on the Day as well as the skill of the Auctioneer. However, I can say that with our Sales, the anticipated Reserve at the start of

marketing is never higher than the lower end of the Guide Price. Vendors are, of course, fully entitled to change the Reserve up to the point of sale. However, if this occurs, I insist that the Guide Price has to be changed accordingly.

Most of the properties in this Catalogue will be reserved well below my opinion of Market Value to ensure that they are sold. There is, therefore, every opportunity for you to bag yourself a real bargain.

At the risk of sounding tedious, our February Auction achieved yet another 100% success – placing us well ahead of the competition. We are now accepting Lots for our Summer Sale. We may not be the biggest but when it comes down to delivering results, we cannot be bettered. Please call us to arrange for an appraisal if you have a property that may be suitable for this method of sale.

I wish you all the best of luck. I look forward to meeting you at the viewings and in the Room on the day.

Tom Smith FRICS Chartered Surveyor & Auctioneer

if you are buying, selling or need property advice, we can help.• Residential & commercial lettings and management• Homebuyer Surveys. Investment appraisal & acquisition• Expert Witness Reports. Valuations for all purposes• Agricultural property. Planning & Development• Schedules of Condition & Dilapidation. Rating Appeals• Compulsory Purchase & Compensation

t 01623 554084www.wabarnes.co.uk

the total property service

wabarnes.co.uk 3*see Auction Procedures on back cover for Guide Price information

contract documentsLegal Packs can be viewed on line, free of charge, by visiting our website www.wabarnes.co.uk and following the link or by calling into our Offi ce.

W A Barnes LLPPortland SquareSutton in Ashfi eldNottinghamshireNG17 1DA

In association withLittlewood & Company7 Russell PlaceNottinghamNG1 5HJ

t 01623 554084 / 553929 / f 01623 550764e [email protected]

www.wabarnes.co.uk

These form part of the Legal Pack and may be inspected as indicated above.

energy performance certifi cates

directions to the auctionto The Towers / Botany Avenue / Mansfi eld / NG18 5NG

money laundering regulations

from mansfi eld town centreLeave Mansfi eld town centre proceeding up Stockwell Gate which in turn becomes Sutton Road. Proceed past the bus depot taking the next turning right immediately after The Bold Forester Public House into Botany Avenue where The Towers will be found approximately 50 yards on the left hand side.

from junction 28 of the M1 motorwayLeave the motorway at Junction 28 sign posted A38 Mansfi eld. Proceed down the A38 following the signs for Mansfi eld. Proceed past Sutton in Ashfi eld and at the main traffi c lights adjacent to the King’s Mill Reservoir turn right following the signs for Mansfi eld. Proceed past the King’s Mill Hospital, over the traffi c light junction, past the Sir John Cockle Public House on the left hand side and take the second turning on the left into Botany Avenue immediately before The Bold Forester Public House where The Towers will be found approximately 50 yards on the left hand side.

Please note that in order to comply with Money Laundering Regulations, Deposits can be paid by Cheque, Bankers Draft or by Card. Cash will not be accepted. Please note that if you choose to pay by Credit Card, a 2% surcharge will apply.

These particulars are believed to be correct but their accuracy cannot be guaranteed, and they do not constitute an offer or a contract.

They are issued subject to the properties described herein not being sold, let, withdrawn or otherwise disposed of.

The Towers

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65 Blackwell Rd, Huthwaite, Nottinghamshire NG17 2RGFreehold withFull Vacant Possession * Guide Price: £45,000

DescriptionA traditional, two storey Mid Terrace House in need of modernisation and upgrading. Accommodation comprises: Lounge, Dining Kitchen. Two Bedrooms plus Bath/WC on the fi rst fl oor. Ample forecourt parking. Popular location close to local shops and schools. Fast access M1. Ideal opportunity for builder, speculator or investor.

91 Clumber Street, Kirkby in Ashfield, Nottinghamshire NG17 7NEFreehold withFull Vacant Possession

* Guide Price: £70,000 plus

DescriptionPer instructions of the Executors. Excellent opportunity to acquire an appealing, traditional Semi-detached House in a popular, mature, none-estate setting close to Kirby Town Centre. Comprising: Porch, Hall, lounge, dining Room, Sun Lounge, Kitchen. Three Bedrooms plus Bath/WC. Requires refurbishment and upgrading but good potential for re-sale, renting or owner occupation when improved. Ideal for speculator, investor or home owner with DIY interests.

Lot 1

Lot 2

*see Auction Procedures on back cover for Guide Price information

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24 Lord St, Mansfield, Nottinghamshire NG18 1HHFreehold, subject to Tenancy


DescriptionA traditional, two storey Mid Terrace House let to a tenant who has been in occupation for some 12 years. Tenancy renewed from 15.4.13. Rent £450 pcm excl. Accommodation comprises: Lounge, separate dining Room, kitchen. Three Bedrooms plus Bath/WC on the fi rst fl oor. Gas fi red central heating system. Double glazing. Within easy reach of the Town Centre. A ready-made, high yielding investment opportunity producing an immediate income stream.

5 Watson Street, Market Warsop, Nottinghamshire NG20 0NBFreehold. Full Vacant Possession

* Guide Price: £40,000-£45,000

DescriptionPer instructions of the Executors. A well kept, two storey Mid Terrace House in need of refurbishment and general upgrading. The accommodation comprises: Lounge, separate Dining Room, kitchen plus Utility Room. Ground fl oor Bath/WC. Three Bedrooms. Gas fi red central heating system. Easy access into the centre of the village, shops, schools etc., Ideal project for the builder or speculator with good potential for future renting.

Lot 3

Lot 4


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53 Sherwood Way, Selston, Nottinghamshire NG16 6PYFreehold. Full Vacant Possession* Guide Price: £75,000 plus

DescriptionPer instructions of the Executors. A modern, detached bungalow found within a popular village location. The property requires refurbishment but offers profi table potential for re-sale/letting and would make an ideal retirement home when improved. Accommodation comprises: Hall, Lounge, Kitchen. Two double Bedrooms plus Shower/WC. Conservatory. Gas fi red central heating system. Garage. The village has good facilities and gains easy access to J 27 of the M1. Of interest to the speculator, investor or owner-occupier.

12 Harvey Court, Bolsover, Derbyshire S44 6SJFreeholdFull Vacant Possession

* Guide Price:Around £50,000

DescriptionA well proportioned, Semi-detached House of “Wimpey No-fi nes construction” (i.e., generally readily mortgageable through conventional sources). The property is in need of cosmetic internal refurbishment but provides good sized living space suitable for family occupation. Comprising: Hall, through lounge, Kitchen with basic modern fi ttings. Three large Bedrooms plus Bathroom/WC. Central heating system. Double glazed. The property gains good vehicular access into the Town centre with its shopping & schooling facilities and forms part of a development where there is consistent demand for rented accommodation. Good opportunity for the prudent investor or owner-occupier.

Lot 5

Lot 6


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8 Peveril Drive, Sutton in Ashfield, Nottinghamshire NG17 2GTFreehold. Full Vacant Possession

* Guide Price:Around £55,000

DescriptionPer instructions of the Executor. An ideal opportunity for the speculator or builder to acquire a small, traditional Semi-detached House in need of modernisation and improvement. The accommodation comprises: Hall, Lounge, Dining Kitchen, ground fl oor Bathroom/WC. Two double Bedrooms. Gas fi red central heating system. Double glazing. Forecourt provides potential off street parking. Popular, mature, residential location in a none-estate setting. Good access to Town Centre and all amenities. Good potential for onward sale or renting when upgraded.

80 Carter Lane, Mansfield Nottinghamshire NG18 3DHFreehold withFull Vacant Possession * Guide Price:Around £60,000

DescriptionPer instructions of the Executors. A well proportioned, two storey, traditional Semi-detached House in a popular location. Easy reach of town centre and all amenities. The property has been generally well maintained but now requires refurbishment, modernisation and upgrading. Comprising: porch. Hall. Lounge, separate Dining Room. Large Kitchen. Three good sized Bedrooms plus Shower/WC. Overgrown gardens. Excellent opportunity for the speculator, builder or investor seeking a property with good potential for onward sale or renting once improved.

Lot 7

Lot 8


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123 Clipstone Road East, Forest Town, Mansfield, Nottinghamshire NG19 0HTFreehold.Full Vacant Possession


DescriptionPer instructions of the Executors. A traditional, two storey Semi-detached House in a popular, mature, residential location in a pleasant, none-estate setting. The accommodation is in need of general modernisation and upgrading but offers great potential for either re-sale, renting or occupation once improved. Comprising: Porch. Hall, lounge, Dining-Kitchen. Three Bedrooms plus Bath/WC. Double glazing. Shared driveway. Ample garage space. An excellent opportunity for the speculator, investor or owner-occupier.

Lot 9


Auctioneer’s Note; A Buyers Premium shall apply in respect of the Lot. Please refer to Legal Pack.

28 Warsop Road, Mansfield Woodhouse, Nottinghamshire NG19 9LFFreehold. Full Vacant Possession


DescriptionPer instructions of Mansfi eld District Council. A rare opportunity to purchase an individual, detached, stone built Cottage. The property has been previously modernised but requires further upgrading. The accommodation comprises: Lounge, Dining Room plus further Sitting Room. Kitchen with modern fi ttings. Three good sized bedrooms plus Bathroom & separate WC. Gas fi red central heating system. Large, attached brick built store. Ample off street parking. Gardens to two sides. Good potential for onward sale, renting or owner-occupation. Great opportunity for the speculator, investor or fi rst time buyer.

Lot 10

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20 Chatsworth Street, Sutton in Ashfield, Nottinghamshire NG17 4GGFreehold.Full Vacant Possession

* Guide Price: £55,000

DescriptionA previously modernised, three storey, traditional Terrace House located in an area where there is consistent demand for rented accommodation. The property requires some cosmetic upgrading but will appeal to the investor. Accommodation comprises: Lounge, separate Dining Room. Kitchen with basic modern fi ttings. Bathroom/WC with modern suite. Three double Bedrooms on upper two fl oors. Gas fi red central heating and double glazing. Rear gardens have return frontage to car park giving potential garage space/off street parking. Convenient location within easy reach of Town Centre..

12 St John Street, Mansfield, Nottinghamshire NG18 1QJFreehold.Full Vacant Possession* Guide Price: £50,000-£60,000

DescriptionPer instructions of Central Nottinghamshire MIND. An attractive and prominent, detached, two storey Offi ce Building in a convenient, central position. Comprising: Ground Floor: Reception, Waiting Room, two Offi ces, Kitchen & WC plus Store. First fl oor: Four Offi ces plus WC. Gas fi red central heating system. Ground fl oor area: 586 sq ft (54.49 sq m) plus 513 sq ft (47.7 sq m) fi rst fl oor. Potential parking space in forecourt. The premises are ideal for the Professional User, dentist, physiotherapist etc., and may be suitable for conversion to residential use (subject to Planning Consent.) Of interest to the trader-occupier, speculator or investor.

Lot 11

Lot 12


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65 Recreation Street, Mansfield, Nottinghamshire NG18 2HPFreehold. Full Vacant Possession

* Guide Price: £45,000

DescriptionA traditional, two storey, Mid Terrace House within easy reach of the Town Centre. Requires general upgrading but offers good potential for the lettings market when improved. Comprising: Entrance Lobby, Lounge, Dining-kitchen. Two double Bedrooms plus Bath/WC. Gas fi red central heating system. Double glazing. Gardens to front & rear. Ideal proposition for the investor.

16 Maundale Avenue, Sutton in Ashfield, Nottinghamshire NG17 4HUFreehold. Full Vacant Possession

* Guide Price: Around £75,000

DescriptionAn attractive, traditional, two storey Semi-detached House in a very popular cul-de-sac setting. The property requires general modernisation and upgrading. The internal layout lends itself to re-planning to add value. Accommodation comprises: Hall, lounge, separate Dining Room. Kitchen. Three Bedrooms plus Bath/WC. Gas fi red central heating system. Forecourt parking plus rear gardens. The property has been rented out virtually continually for many years and offers excellent potential for future letting, onward sale or for owner-occupation when upgraded. Ideal for builder, speculator or investor.

Lot 13

Lot 14


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with profi table re-sale potential after modernisation.

24 Lyndhurst Avenue, Blidworth, Nottinghamshire NG21 0RJFreehold. Full Vacant Possession


DescriptionPer instructions of the Executor. An increasingly rare opportunity to purchase a traditional, unmodernised two storey Semi-detached House in this popular, large village. The accommodation comprises: Hall, Lounge, Kitchen with original oven & boiler set. Original ground fl oor Bathroom and separate WC. Three good sized Bedrooms. Great potential to add value by internal re-planning. Gas fi red central heating plus double glazing. Re-covered roof. Corner plot with return frontage to Aberconway Street. Ample potential parking. The village has good local facilities and enjoys easy access to Mansfi eld, Southwell and the City. Ideal opportunity for the builder or speculator looking for a property

Lot 15


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For professional use only


range of brick/asbestos stables. The Lot includes 3.44 acres of arable land in between numbers 27-35 having a frontage of about 20m. Possible development potential as an infi ll plot for a dwelling (subject to Planning etc.,) Of immediate interest to those looking for to establish a small holding/equestrian facility. Further adjoining 4.65 acre of paddock land available as a separate Lot. Full Sales Particulars available upon request. Auctioneers Note: An Overage Provision shall

apply in respect of future residential development on the arable land.

27 Forest Road, Market Warsop, Nottinghamshire NG20 0ERFreehold. Full Vacant Possession


DescriptionPer instructions of the Executors. A very rare opportunity to acquire an individually designed, detached Bungalow found within a well regarded, semi-rural setting. The accommodations is in need of general refurbishment and upgrading, offers excellent potential to create an attractive home or possible complete replacement (subject to the usual planning consents etc.,). Comprising: Porch, Hall, Lounge/Dining Room, Kitchen, Conservatory. Three Bedrooms plus Bath/WC. The property stands on a double width, substantially larger than average plot. The bungalow stands on a generous plot of about 0.49 acre and includes a range of dilapidated outbuildings inc. stores, loose boxes plus a

Lot 16


Land to South East of 37 Forest Road, Market Warsop Nottinghamshire NG20 0ERFreehold. Full Vacant Possession


DescriptionA parcel of Permanent Pasture previously sub-divided into Paddocks having a frontage to Forest Road of about 81 m and a total area of 4.65 acres or thereabouts. Includes a dilapidated Field Shelter. Water supply available from Forest Road. The land partly adjoins Lot 16 and is ideal for those with equestrian interests or those wishing to establish a small holding in conjunction with Lot 16. Possible long term “hope value” in respect of future development.

Auctioneers Note: An Overage Provision shall apply in respect of future residential development on the land.

Lot 17


BUYING A PROPERTYAT AUCTION

Buying a property at auction can be a very quick and efficient process. Unlike buying from the open market there is no ‘gazumping’, no chains breaking down. Once the hammer goes down and your bid has been accepted then you will be expected to pay a 10% deposit immediately, with the balance payable to the seller 28 days later. Therefore, you need to make sure you have enough money to fulfil your part of the purchase contract or you could lose your deposit and possibly have further expenses to pay to the seller.

Sue Harrison who is a Partner and head of Bryan and Armstrong’s property department answers some typical questions prospective buyers may have before buying at auction. The questions and answers are not intended to provide legal advice and you should always consult a solicitor before and when buying a house.

Q: Can I just turn up on auction day and buy a property?

A: Put simply yes, BUT it is very important to remember when buying at auction that you should do some research in advance. Request a catalogue and go through it carefully – this contains all of the properties listed and general conditions of sale. Look at the legal pack for the property you are interested in for further information about the property via deeds, searches and information provided by the seller.

Q: Do I need to obtain a valuation of any property I am interested in bidding for?

A: In the same way as if you are buying a property on the open market, you should consult a surveyor to get their professional opinion on the state and condition and the value of the property.

Q: Should I view the property in advance of bidding on it?

A: Although it is not compulsory to view property in advance of bidding on it, unless you like shocks or surprises you should always inspect a property before biding on it.

Q: I am intending bidding for a property, when should I instruct my solicitor?

A: Always instruct your solicitor in advance of the auction. Your solicitor will be able to obtain the legal information pack on your behalf and check the seller’s legal title to sell the property and any special conditions related to the sale. Your solicitor will check the legal title to ensure this is free from restrictive covenants which may prevent you from developing the property in the way you want to.

Q: What do I need to do on the day of auction?

A: Check to see that the property you are interested in is still available. Take your deposit with you. Bring your identification document with you also – 2 forms are usually required. Register with your name, address and contact details and once this is done you will be issued with a bidding number

Most lots will have a reserve price which is the minimum a seller is prepared to accept and is not disclosed. If the bids fail to reach the reserve price the seller may not sell the property on the day. However, if this occurs speak to the auctioneers who may act as agents and see whether a deal can be reached at the end of the auction.

Finally, ensure you arrive in plenty of time to get a good seat, stay calm and keep within your budget.

Bryan and Armstrong have been trusted by the local community for 150 years. Contact our property team for a quotation today on 01623 624505.

The New Meeting House, Station Street, Mansfield, Nottinghamshire, NG18 1EF

Telephone: 01623 624505 E-mail: [email protected]


wabarnes.co.uk 16*see Auction Procedures on back cover for Guide Price informationwabarnes.co.uk 16*see Auction Procedures on back cover for Guide Price information

W A Barnes Llp / Portland Square / Sutton In Ashfield / Nottinghamshire / NG17 1DAchartered surveyors / auctioneers / valuers / estate agentst 01623 554084 / 553929 / f 01623 550764 / e [email protected]

wabarnes.co.uk

Further information on each of the lots included in this sale catalogue can be obtained fromW.A. Barnes LLP / Portland Square / Sutton in Ashfield / Nottst 01623 554084 / 553929

viewingArranged with pleasure via the sole auctioneersW.A. Barnes LLP / Portland Square / Sutton in Ashfield / Nottst 01623 554084 / 553929

contracts and conditions of saleContracts and conditions of sale may be inspected, free of charge, on line by visiting the auctioneer’s website www.wabarnes.co.uk and following the “Legal Documents” link.The legal pack will be uploaded as and when it is received from the vendor’s solicitors. The legal pack may also be inspected at the auctioneers’ offices and those of the vendor’s solicitors. The purchaser is deemed to buy with full knowledge thereof whether they have inspected the same or not.

auctioneerThomas H M Smith BSc (Hons) F.R.I.C.S. of W.A. Barnes LLP, Portland Square, Sutton in Ashfield.

solicitorsThe name and address of the solicitor representing the vendor on each of the lots offered can be obtained from auctioneers.

method of saleThe various lots contained within this catalogue will be sold by public auction unless sold previously by private treaty. Interested parties are strongly recommended to telephone the auctioneers on the day of the auction to check the availability of any particular lot. Solicitors will be available approximately 30 minutes before commencement of the sale in order to deal with any enquires relating to the various lots. Please note that no queries nor questions regarding either the contracts or the properties will be accepted once the auction is underway.

planning consents/plans/rental agreements etcCopies of planning consents, plans, rental agreements where available maybe inspected by the prospective purchaser at our Sutton in Ashfield office / Portland SquareSutton in Ashfield / Notts

commissioned bidsAt the discretion of the auctioneers, commissioned bids may be placed on the lots contained in this catalogue by interested parties who are unable to attend the sale. For further information contact the auctioneers.

This catalogue contains details about properties being sold at auction. Those details are subject to change up to and including the day of the auction. Please check our website regularly at www.wabarnes.co.uk, and look out for any additional materials available on the day of the auction, in order to stay fully informed with the up to date information.

Guide Price: An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown

during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price: the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.