If you are unable to attend the auction you can now bid from the comfort of your own home (or office) via your personal computer.
Go to the propertyauctions.com website at www.propertyauctions.com and access the ‘Internet bidders’ link, review the Internet Bidding Terms and Conditions, complete a separateMemorandum of Agreement (printed on the inside back cover of the auction catalogue) for each Lot in respect of which you wish to bid, together with the Internet bidding form on the link and send to Martin Christopher at CBRE, Henrietta House, Henrietta Place, London W1G 0NB to arrive before 5 p.m. on Tuesday 8th November 2011.
(a) the above documents together with a signed copy of the Special Conditions and Addendum (if applicable); and
(b) a personal cheque, solicitor’s client account cheque or a banker’s draft drawn on a UK clearing bank account in the name of the buyer of the lot (made payable to the Seller’s Solicitors (as provided for in the Extra Conditions of Sale or the Special Conditions of Sale)), or a copy of an instruction to debit the UK clearing bank account of the buyer with an immediate transfer to the Seller’s Solicitor’s bank within 2 banking days of the auction using the Clearing House Automated Payment System (the relevant bank details are contained in the Special Conditions) in payment of the deposit which shall be 10% of the maximum amount you wish to bid for each Lot or £1,000 (whichever is the greater).
1 Upon receipt of the above by CBRE, you will receive an Information Email. This will include your PIN, Client Number and user information.
2 Prior to bidding on the auction day, you will need to access www.propertyauctions.com and identify yourself using your PIN and Client Number. We recommend you do this at least 10 minutes before the Lot you wish to bid on is offered.
3 When your chosen Lot is offered, be ready to bid. You will be made aware of the current bid through your screen. If you wish to bid then click the highlighted increment on the screen. You will be informed when the bid is held with you.
4 Be assured that as long as you continue bidding, your bid will be seen by the auctioneer, although the auctioneermay be also taking bids fromother sources. This is normal auction practice.
5 If you are the successful bidder you will be notified on your screen and all the usual auction house Notices, General, Extra and Special Conditions of Sale and any Addendum shall apply to your successful bid.
6 If you are not the successful bidder you will need to cancel your instructions to your bankers for any bank transfer of the deposit.
Please note: You must be pre-registered before you can be enabled to bid online.
Although every precaution is taken please note that neither CBRE nor propertyauctions.com, as providers of the interactive bidding service, can be held responsible for any failure of the system, of the equipment or of any telephonic connections. If you wish to discuss this bidding process then please call Martin Christopher at CBRE +(44) 020 7182 2540.