• Auctions
  • 2010
    • 7 July
    • 24 May
    • 10 March
  • 2009
    • 14 December
    • 22 October
    • 8 July
    • 19 May
    • 10 March
  • 2008
    • 10 December
    • 23 October
    • 3 July
    • 21 May
    • 9 April
    • 27 February
  • 2007
    • 29 November
    • 17 October
    • 5 July
    • 17 May
    • 29 March
    • 27 February
  • 2006
    • 30 November
    • 17 October
    • 3 July
    • 25 May
    • 28 March
    • 9 February
  • 2005
    • 30 November
    • 6 October
    • 5 July
    • 23 May
    • 19 April
    • 2 March
  • 2004
    • 30 November
    • 11 October
    • 1 July
    • 18 May
    • 30 March
    • 25 February
  • 2003
    • 26 November
    • 7 October
    • 7 July
    • 15 May
    • 3 April
    • 27 February

Buyers information

GUIDE PRICES

We provide intending bidders with a guide price for each lot. Any guide or any estimate of the level of rent which may be obtained at any future time should not to be treated as a valuation of the property or a guarantee of the likely level of rent for any purpose whatsoever and may not be relied upon as a representation relating to the same. Prospective purchasers must satisfy themselves as to the accuracy of any such estimates. Guide prices may alter during the marketing period and bidders are strongly recommended to check with the auctioneers as to the availability of the property and whether the guide price has changed.

The guides represent a fair idea as to where the vendors expectations might lie but the top end of the guide will never be below where the final reserve will be set.

The up to date guides, sales priors or withdrawals are posted on our homepage or are available by contacting a member of the Auction Team to check over the telephone, to receive a fax or to request an email of the updated guide price sheet.

Inspections
It may be possible to arrange an internal inspection of any property offered, subject to the consent of any occupier. We will be pleased to make the necessary arrangements but do require at least 48 hours prior notice.

Legal Documents
Leases, title documents and other legal papers are normally held by the respective seller’s solicitors shown in the particulars at the foot of each page for each lot in the auction catalogue. A copy of these is available to prospective bidders and there may be a small administrative charge.

You are advised to make all your enquiries well before the Auction. In particular you are advised to request up to date details from the seller’s solicitors about any arrears of rent or service charge or other monies due to the landlord of any leasehold lot. If you are having difficulties in receiving any of the legal documentation please let us know.

Your own solicitor does not need to attend the auction, although we do recommend that you do notify them of your potential interest.

Sales Prior
It is possible that some properties may have been withdrawn or sold prior to the Auction. It is advisable for interested parties to register their interest with us and it is their responsibility to check with the Auctioneers immediately prior to the Auction whether a particular lot will be offered or whether it has been withdrawn.

Proxy, Telephone and Internet Bidding
It is advisable to attend the auction personally. However, if you are unable to attend the auction, you may arrange proxy/telephone/internet bidding. This facility needs to be agreed by prior arrangement.
Click here for full details of Proxy/Telephone/Internet Bidding and the Live Link function so that you can listen to the auction direct.

AT THE AUCTION
The Auctioneer will start promptly at the appointed time. Before offering the lots he will make a number of important announcements in his preliminary remarks.

Addendum
In the event that there are any additions or amendments to the particulars or any of the conditions of sale, an addendum relating thereto will be available for inspection by bidders and such addendum will be attached to the Memorandum of Agreement and form part thereof and you will be required to sign a copy of it on exchange.
The buyer shall be deemed to have read and considered such particulars, conditions and
addendum and have full knowledge thereof.

Order of Sale
The Auctioneer reserves the right to alter the order of sale and/or to withdraw any lot from the Auction without any liability on the part of either Messrs Cushman & Wakefield or the seller for any losses, costs or expenses incurred as a result of such alteration or withdrawal.

The Sale
If the Auctioneer’s gavel falls to your bid, you are the successful purchaser of the relevant lot and there will then exist a binding contract between you and the seller, which is confirmed by the Memorandum of Agreement.

One of the Auctioneer’s clerks will ask you to complete a bidders card with your name and address and the name and address of your solicitors. This will be used to complete the Memorandum of Agreement.

When completing the bidder’s card, you must specifically name the person or organisation that is to be the buyer of the lot. Lots cannot be transferred to an unnamed buyer. Reference on the bidder’s card to the buyer’s ‘nominees’, ‘associates’ or similar terms will be acceptable. Unless you obtain the seller’s prior written consent, the lot can only be transferred to the buyer named on the bidder’s card and sale memorandum.

Before leaving the room and shortly after completing the bidders card please make yourself known to the Auction contract staff who will provide you with the Memorandum of Agreement for your signature.

Proof of Identity
The purchaser and bidder is to provide one original document with their name and address, together with a copy for us to attach to the contract.

• Proof of name: Photocard driving licence or passport.
• Proof of address: Driving licence (with or without photo) or Utility Bill issued within the last 3 months (excluding mobile phone bill).

For company representatives the purchaser and bidder are to provide proof of both the name and address as above together with one of the following:

• Certificate of Incorporation for the purchasing company
• Evidence for one individual representing the purchaser (Director or Company Secretary)
• Evidence that the bidder has the authority to represent the purchaser at the auction

Deposit Monies
Unless otherwise stated in the Special Conditions, the 10% or £1,000 deposit (whichever is the greater) (plus VAT if applicable) should be made payable to the seller’s solicitors (named in the particulars of each lot in the auction catalogue). Only a banker’s draft or a cheque drawn on a UK Clearing Bank will be accepted. Such cheque or banker’s draft will be presented for immediate clearance and you should ensure that there are adequate funds in the account to honour the payment.

VAT
May be chargeable on the purchase price of the property, including the deposit. Unless otherwise specified in the Special Conditions, all bids will be made on a VAT exclusive basis and VAT (if applicable) will be added to the amount of the successful bid and the deposit payable. Prospective purchasers should take independent advice as to whether a property which has been elected for VAT can be treated as a Transfer of a Going Concern (TOGC) prior to bidding.

Questions
We do not entertain any questions during the Auction. Bidders will be expected to have satisfied themselves regarding all aspects of the lot prior to the sale commencing.

GENERAL

Particulars
Messrs Cushman & Wakefield (and any Joint Auctioneer where applicable) for themselves and for the seller of each lot, whose Agents they are, give notice that:

• The Particulars do not constitute the whole or any part of an offer or a contract (except to the extent that they are incorporated in the memorandum of agreement by the General, Extra or Special Conditions of Sale).
• All statements contained in these particulars as to each lot are made without responsibility on the part of Messrs Cushman & Wakefield (and any Joint Auctioneers where applicable) or the seller and are not intended to be relied upon.
• All descriptions, dimensions and other particulars of each lot are given in good faith and are believed to be correct and any intending bidder shall not rely on them as statements or representations and must satisfy themselves (by inspection, enquiry or otherwise) as to the correctness of them.
• No persons in the employment of Messrs Cushman & Wakefield (and any Joint Auctioneers where applicable) has any authority to make or give any representation or warranty in relation to any lot.
• Cushman & Wakefield have 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 surveys and enquiries in this regard.
• 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 to rely upon the results thereof.
• Nothing in the particulars of lots or otherwise contained in this auction catalogue shall be deemed to be a statement that the property is in good repair and condition, or that any services or facilities are connected and in working order.

Plans and Photographs
The Site, Location and Traders Plans in the catalogue are reproduced from or based upon the Ordnance Survey map with the permission of The Controller of Her Majesty’s Stationery Office Crown Copyright Reserved Licence No ES753998.

They are published only for the convenience of bidders. Their accuracy and the shading and/or boundaries thereon are not guaranteed and they are expressly excluded from any Memorandum of Agreement.

The Traders Plans and Location plans reproduced in the catalogue are merely intended to indicate the location of each lot in relation to other traders represented nearby who may have changed by the day of the auction.

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.

Neither Traders Plans nor photographs of any lot depict the boundaries thereof and are published solely for the convenience of bidders and are expressly excluded from the Memorandum of Agreement.

Conditions of Sale and Legal matters
Each lot is offered and sold subject to General, Extra and Special Conditions of Sale. The General and Extra Conditions are at the back of the catalogue and the Special Conditions are available from the seller’s solicitors and should be fully understood.

Prospective bidders are advised to consult their legal and, where appropriate, other professional advisors, prior to bidding.

Plant & Equipment
None of the systems or equipment in or on any lot has been tested by the Auctioneers and bidders should make or commission their own investigations and report on such systems and equipment.

Energy Performance Certificate (EPC)
In most cases, an EPC will be available in the legal pack – please refer to the respective solicitors.

IMPORTANT
Prospective purchasers are advised to contact the Auctioneers immediately before the auction to establish whether any particular lot has been withdrawn.