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PLEASE NOTE THAT THIS INFORMATION APPEARS IN THE NEWS SECTION AT THE MEMBERS' AREA AT GOVERNMENT AUCTIONS AS SOON AS WE RECEIVE IT. FULL DETAILS ABOUT EACH AUCTIONEEER CAN BE FOUND AT THE SITE.

The GAUK FREE Newsletter is our regular FREE bulletin designed to keep you fully updated with news, the latest sales, auction results and general pieces of interesting auction information. This is a supplement to information contained in the main GAUK database and is an additional service.

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More information and full contact details for all the following sales are available in the database - just type in the name of the auctioneer of your choice into the search facility. If you are a member of GAUK please note that the following information is available in the news section as soon as we get it.

Here is the list of stock due for the next auction at Tilbury. If transport is a problem, please give us a ring.
Park and Ride Service now in operation. For full details please visit the website on www.japaneseimportauctions.com

Fleet Auction Group (Trade)
FLEET SALE
THURSDAY 2nd SEPTEMBER 2004
11.00am

On behalf of the Liquidators of Oakland Machine Tools (Yorkshire) Limited we are instructed to offer for sale by tender the following assets located in Heckmondwike, West Yorkshire:

Machine Tool Dealers Stock and Equipment

On behalf of the Liquidators of Bohem Engineering Limited we are instructed to offer for sale by tender the following assets located in Llanelli, Carmarthenshire:

General Fabrication and Engineering Equipment

I would like to inform you that yesterday‚s Auction results are now available online. Although achieving almost £10 million of sales, a number of lots remain available. This information can be viewed by visiting our website at http://www.pugh-company.co.uk , clicking on the AUCTIONS menu and then on 1st September 2004. The auction results are complete with individual pages for each lot (in a similar format to our hard copy brochure), the Gavel Price and details of property that is still available for sale. If you are interested in any of the unsold lots, please contact me to discuss. The site also provides information relating to the auction dates throughout the remainder of 2004, an opportunity to ask specific questions about each lot and general information regarding Pugh & Company.

Our next auction will take place on Wednesday 13th October 2004 and the closing date for entries into this auction is tomorrow, Friday 3rd September 2004.

Thank you for your interest and please e-mail your views on how improvements may be made to the service we provide.

Please visit http://www.clarksonjames.com/salescal.html for details of our next auction on 4th Sep 2004

Regards
Yan

Clarkson James, 327 Southchurch Road, Southend-on-Sea, Essex, SS1 2PE
Tel: 01702 617722 Fax: 01702 612100

George Hazell & Co, The Auction Centre, Watton, Thetford. Tel: 01953 88255. Wednesday 1st September at 10.30am; a sale of electrical wholesalers stock including cable, clips, switches, flood and spot lights etc. Taking place at The Auction Centre.

Ryden, 130 St. Vincent Street, Glasgow. Tel: 0141 204 3838. Thursday 2nd September from 10am to 4pm; a tender sale of unused restaurant and bar furniture. Taking place at 6 Nairn Road, Deans Industrial Estate, Livingston.

W & H Peacock, Bedford Auction Centre, 26 Newham Street, Bedford. Tel: 01234 266366. Thursday 2nd and Friday 3rd September from 9am to 5pm; a tender sale of modern print, design and finishing equipment, warehouse and office furniture and general equipment. Taking place at Unit 5, Waltham Park Way, Billet Road, London.

Charles Taylor, The Auction Centre, Missouri Avenue, Salford, Manchester. Tel: 0161 737 2255. Friday 3rd September at 10.30am; a sale of marine, cold water and tropical fish, also plants, shrubs and trees, fencing, landscaping and garden effects. Taking place at The Lancashire Homes and Garden Centre, Sykes Street, Haslingden, Lancs.

New Kensington Auctions, 255 Lythalls Lane, Holbrooks, Coventry. Tel: (catalogue) 024 7666 7366. Saturday 4th September; a sale of computer equipment and peripherals, stationery, office furniture and equipment. Taking place at Lythalls Lane.

Arthur Johnson & Sons, The Nottingham Auction Centre, Meadow Lane, Nottingham. Tel: 0115 986 9128. Monday 6th September at 11am; a sale of commercial catering equipment. Taking place at The Nottingham Auction Centre.
Richardsons, Bourne Auction Rooms, Spalding Road, Bourne, Lincs. Tel: 01778 422686. Monday 6th September; a tender sale of a fleet of 11 crew buses, also office equipment and garage workshop equipment. Taking place at West Walton Highway, Wisbech, Cambs.

Butters John Bee, Warner Street, Hanley, Stoke-on-Trent. Tel: 01782 267752. Monday 6th, Tuesday 7th and Wednesday 8th September from 10am to 3pm; a tender sale of over 1,000 theatrical costumes and props including armour, helmets, dresses and suits etc from various periods. Taking place at Theatre Court, Derrington Avenue, Crewe, Cheshire.

John Law, Uphampton, Ombersley, Nr Droitwich, Worcs. Tel: 01905 621212. Wednesday 8th September at 11am; a sale of CNC and machinery, lathes, grinding machines etc. Taking place at Centreline Machine Tool Company, Holman Way, Nuneaton.

Hi,
It’s Peter Parfait, with further selected, well filtered, investigated and recommended property opportunities and services for you.

Free-Of-Charge Currency Transfer
Development Opportunities On The Unspoilt Greek Island Of Zakynthos
September Dates For Organised Tours To Property Opportunities In Romania – Villas From £45,000, 19% Discount Available
24% Discount On Ready-To-Go Property In Birmingham
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Hassle-Free Currency Transfer With Sterling Exchange Ltd
Transferring funds abroad can be a costly business these days, with bank charges, commission fees, exchange rate fluctuation and much more. Sterling Exchange is the UK’s fastest growing currency provider and they may be able to save you hundreds, if not thousands of pounds, by continually assessing your currency needs whilst closely monitoring the worldwide economic and geo-political outlook. Whether you are purchasing a property or vehicle overseas, emigrating, or require a corporate solution to your currency needs, Sterling Exchange may be the answer.

They pride themselves on providing good rates and personal after-care service, even free transfers. They offer excellent guidance on the volatility of the currency market and even hold the rates static for up to two years. They will also be happy to purchase currency once it reaches a certain rate that you have specified. Their primary aim is to provide their clients with a cost-effective, simple-to-use alternative to the high street bank and they manage to do this free-of-charge, whilst keeping their senior members of staff on hand, 24 hours a day, 7 days a week, to meet your currency requirements.

For further details or to receive an information pack, visit http://www.sterlingexchange.co.uk, or contact James Rutherford on 020 7329 9977 or e-mail james@sterlingexchange.co.uk. Mention my name for an attentive ear (always helps).
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Olive Tree Developments, Zakynthos, Greece
Olive Tree Developments was born from a long-standing friendship between Mr Lakis Bouas, a well-respected local businessman, and Dave Henderson. They shared vision: a company dedicated to developing property solely on the Island of Zakynthos, with the aim that the purchase of their properties should be as simple as possible for the buyer. They only enlist the services of local architects, reputable contractors and English-speaking solicitors, all of whom have extensive experience of construction on the island.

In recent years, they have seen a dramatic rise in interest from people wishing to purchase on Zakynthos, but there is a great shortage of re-sale property and the self-build process can seem a complex, costly and time-consuming exercise that proves too daunting a prospect for many buyers. With that in mind, they are always keen to work with individual buyers wishing to build a home to their own specifications, as well as undertaking our own personal developments.

There has never been a more opportune time to invest on this beautiful island. It remains largely undeveloped, although it is foreseen that the emerging interest will develop at a rapid pace. Their current island development offers two luxury architect-designed freehold villas located on a prime hillside plot to the outskirts of Tsilivi village, with panoramic views of the coastline. They are ideally placed for the local amenities; a superb beach is within a 15-minute stroll and the town of Zante is just a 5-minute drive away.

The properties will be constructed to the highest standard and come complete with quality fitted kitchens including all appliances, Italian-tiled bathrooms, central heating and open fires in the living areas. They are a split-level design, benefiting from garage space and have a large glazed conservatory, which is perfect for taking in the views.

The plans are now available for viewing on the 2-bed villa at £195,000 and the 3-bed at £245,000. Properties of this quality rarely become available in this sought-after area and represent a sound investment at outstanding value. Early reservation and a 30% deposit will guarantee an attractive off-plan discount package. They also offer a travel refund scheme for confirmed buyers.

For further details contact David Henderson of Olive Tree Developments on 0191 209 5925 or 07969 925 713. Alternatively you can e-mail davehenderson6@activemail.co.uk.
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September Dates For Organised Tours To Property Opportunities In Romania – Villas From £45,000, 19% Discount
In July, Razvan Satnoianu organised the first tours for his investors to Romania. In one of the new developments, just 6 miles North of Bucharest, in the most sought-after positions within an area of frenetic development, a large part of a new street is now owned by British investors. The whole development of 55 houses was sold in days since they advertised.

They are now arranging the next tours for investors keen to take advantage of these unique opportunities. They now have an exclusive allocation of 3 and 5 rooms villas finished to a very high standard. They come with a full range of extras, such as private roads, allocated parking, secluded gardens, 24-hour security, etc. Each house plot ranges between 100 to 220 sq m. Buildings are backed by long-term building guarantees (usually for the life of the building). Prices start from £45,000 for 3-room houses and around £50,000-52,000 for 5 room, 2-storeys house. These prices include all fees and VAT. However, a discount of up to 19% is also possible in some cases. These prices are a real bargain, as they already reflect around 10-20% discount from the average current market valuations in the area. Estate agents current predictions show that the market will achieve about 100% growth in the next 15-18 months. Even more on top of all this, potential investors should factor in the excellent yields given by rental income currently at about £1,000/month.

The new offer will be officially launched in September, with the tours taking place between 9-22 September in Bucharest. They offer a comprehensive package including inspection visits, airport transfers and high-standard accommodation, overview of the property market, solicitor services, letting services, accounting services. They have a dedicated service for company registration. The current tax regime is very favourable in Romania (for example, a small company has only 6.5% to pay in tax and dividends).

Registration for the tours as well as reservations are now being taken. All interested investors should write to Razvan Satnoianu at realme41@yahoo.co.uk, providing a name and contact address. Alternatively, you can call 07941 610485. They will then respond with the full details (plans, prices, conditions and availability) directly by e-mail.
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24% Discount On Ready-To-Go Property In Birmingham
As you probably know, The Property Association (TPA) focuses mainly on off-plan opportunities. However, occasionally they come across some very attractive offers where the property is ready and where exchange and completion are simultaneous, thus removing the need for exchange deposits. Two such deals are now available.

The last six apartments at the Jupiter development in Birmingham have been offered to TPA by Redrow at a 24% discount. The building is divided into four parts and the units in question are in the Voyager building. Previously, TPA has offered plots in the Ulysses section and these were snapped up very quickly, at a much lower discount. They therefore believe this to be a superb offer and worthy of announcement. Redrow require completion by September 30 and TPA has an independent mortgage broker standing by with two mortgage products which will allow for the discount to be used, either in whole or in part as a deposit and where lending is not limited by rental valuations. Unless you are a cash buyer, you will need to arrange a mortgage immediately in order to complete on one of these properties. TPA can help organise that if you do not have your own arrangements, but you will need to reserve a property first.

Secondly, a finance house has approached TPA with four repossessed apartments in a luxury prestige development in Manchester city centre called The Gallery. These four properties were valued in March by a highly respected Manchester-based RICS surveyor at £1,180,000. They are available to one single purchaser for £960,000 plus a 1% arrangement fee. This represents a qualified 17.83% discount and over £210,000 Instant Equity for one buyer. Sounds almost like a lottery win. This is high capital value property and is best acquired as buy-to-sell. It is not ideal for buy-to-let, due to rental valuations. It does however, provide an chance to make a good return if placed for sale on the open market. The finance company simply do not have time for that, hence the very attractive price.

For further details, register (for free) at http://www.thepropertyassociation.co.uk
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I trust that these updates continue to assist with your property investment success.
Best regards,
Peter Parfait

“Back to the future!”

Have you ever noticed that the first time you make a journey to somewhere, somewhere you haven’t been before, it takes longer to get there than it does to get back?

The journey is always quicker coming back. True isn’t it?

And what’s even more important – it’s easier to go back to that destination – the second time.

And whilst we would normally only think of this phenomenon in relation to journeys we make – it actually applies to many other of the activities we undertake.

If you have a goal to achieve something and visualise yourself taking the actions and accomplishing the goals – then it’s easier to go ‘back’ to the goal.

If you have a letter to write and see yourself with the completed piece in your hand – pleased with your eloquent turn of phrase or persuasiveness – then it’s easier to write the letter.

If you see the golf shot, the tennis shot, the penalty shot, the (well almost any shot) going precisely where you wanted it to go – then it’s easier to execute that shot.

So the next time you want to achieve something, which will probably be within a few minutes of reading this – take a moment – visualise the outcome and then – go back to the future. I’m sure you’ll find it so much easier."

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