Auction Conditions of Sale PDF download
The following is a summary of the Announcements which will be made prior to the start of the sale:
All Lots will be offered for sale in accordance with the Order of Sale. The Order of Sale will be distributed at the auction. It will provide details of all Lots which will have been sold or withdrawn from the sale. Special Conditions of Sale have been available for inspection at the offices of the Auctioneers or the Seller's Solicitors prior to auction. These will be attached to the Contract of Sale.
We sell on the basis that prospective Buyers have made all their enquiries and are satisfied or otherwise there from that they have read the Conditions of Sale and fully understand their content. Please note in particular that various Lots have included their own General Conditions of Sale.
Please remember that it is the bidder's duty to attract the Auctioneer's attention.
PLEASE BID CLEARLY and DO NOT DELAY.
Cash deposits are not acceptable.
Notice to prospective buyers
These Notices are intended to assist you as a prospective Buyer.
We strongly recommend that you appoint professional advisors including independent legal advisors and arrange for them to consider and advise you on all aspects of your intended purchase.
Conditions of sale
If you are the successful Buyer of any Lot, you will - from the moment the Auctioneer's gavel falls-become legally bound by the Conditions of Sale in relation to that Lot.
It will be assumed that you have read and considered the Conditions of Sale and any other relevant documents for the Lot(s) you are interested in before the day of the Auction, that you have shown them to your professional advisors and taken their professional advice before bidding.
Liability of bidder
If you bid at the Auction, you will be personally liable in respect of any accepted bid. This will be the case even if you bid as agent or other representative for another party.
Procedures on sale of the lot
If a Lot is 'knocked down' to you by the Auctioneer, a legally binding contract is immediately created.
The deposit is the sum you must pay to the Seller upon acceptance by the Auctioneer of your bid as a guarantee that you will proceed to completion of the purchase. Normally 10% of the sale price, exclusive of VAT.
Particulars of sale
It is your responsibility to check that the Particulars and all other information about a Lot are accurate and complete before bidding.
Measurements and areas referred to in the particulars are approximate only.
All maps and plans included in Particulars of Sale are for identification purposes only, and NOT TO SCALE. Reproduced from the Ordnance Survey Map under License No. ES755680 Crown Copyright Reserved.
It is your responsibility to check the following matters in respect of each Lot you are interested in before the Auction:
- All measurements
- The exact description and location of the Lot
- Details of any leases affecting the Lot
- Whether any fixtures, fittings and contents referred to in the particulars are owned by the Seller
- Any other matters that the Lot might be subject to or have the benefit of
- The current occupiers at and/or trading from the Lot
- The structural condition of the Lot and any possible contamination or pollution of the Lot
- You are advised to check these matters by:
- Personally inspecting the Lot
- Arranging to have the Lot professionally surveyed
- Arranging for an environmental survey to be carried out in respect of the Lot
- Making enquiries with the Auctioneers, the Seller and the Seller's professional advisors
- Making relevant searches and enquiries with all appropriate authorities
Buyers administration fee
The successful purchaser(s) will be liable to pay a Buyers Administration fee of £300.00 including VAT per lot, payable to the selling agents.
Guide prices & reserves
The Auctioneers have not carried out valuations for any of the Lots to be offered for sale at the Auction. Consequently, you must not treat the published guide price for a Lot as being a valuation of that Lot. The majority of Lots will be offered for sale subject to a reserve price. Any exceptions will be announced on the day of the Auction.
The Auctioneers will not be under any financial liability in respect of any matters arising out of or connected with the Auction or the catalogue particulars or the Conditions of Sale for any Lot (including but not limited to any misdescription or any inaccurate information relating to the Lot).
Order of sale, sales prior to auction & withdrawn lots
Lots will be offered for sale at the Auction in accordance with the Order of Sale which will be distributed at the Auction. It will provide details of all Lots that have been sold prior to or withdrawn from sale. The auctioneers have the right to sell Lots or to withdraw Lots without giving reasons at any time before the sale begins. You should contact the Auctioneers before the Auction to check whether any Lots have been sold prior or withdrawn. Neither the Auctioneers nor the Seller will have any responsibility towards you in relation to any loss or wasted costs that you may incur in respect of Lots sold prior or withdrawn.
The particulars & other information
WE have taken reasonable care to prepare PARTICULARS that correctly describe each LOT. However the PARTICULARS are based on information supplied by or on behalf of the SELLER and WE are not responsible for errors. The PARTICULARS are for YOUR information but YOU must not rely on them. They do not form part of any CONTRACT between the SELLER and the BUYER. If WE provide any information or a copy of any document WE do so only on the basis that WE are not responsible for its accuracy.
Auction Conditions of Sale PDF download