If you are unable to attend the auction, as well as telephone bidding and proxy bidding, you can now bid from the comfort of your own home (or office) via your personal computer.
Go to the propertyauctions.comwebsite atwww.propertyauctions.comand access the ‘Internet bidders’ link, review the Internet Bidding Terms and Conditions, complete the Memorandum of Agreement (printed on the inside back cover of the auction catalogue) as well as the Auction Telephone/Proxy/Internet Bidding Registration Form for each Lot in respect of which you wish to bid and send to Martin Christopher at CBRE no later than 2 working days before the auction sale.
In addition to this, please enclose the following:
(a) the above documents togetherwith a signed copy of the SpecialConditions of Sale 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 buyerwith an immediate transfer to the Seller’s Solicitor’s bankwithin 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).
(c) Proof of identity.
(d) £10 Administration Charge.
(e) Upon receipt of the above by CBRE, you will receive an Information Email. This will include your PIN, Client Number and user information.
(f) 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.
(g) 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.
(h) Be assured that as long as you continue bidding, your bid will be seen by the auctioneer, although the auctioneer may be also taking bids from other sources. This is normal auction practice.
(i) If you are the successful bidder you will be notified on your screen and all the usual auction houseNotices, Common, Extra and Special Conditions of Sale and any Addendum shall apply to your successful bid as thiswill be a binding contract.
(j) If you are not the successful bidder youwill need to cancel your instructions to your bankers for any bank transfer of the deposit.
(k) For full Terms and Conditions in respect of Internet Bidding, please see the Conditions specified on the Auction Telephone/Proxy/Internet Bidding Registration Form.
Please note: You cannot bid online unless you have pre-registered.
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, or the equipment or any telephonic connections. If you have any problems please call Martin Christopher at CBRE +(44) 020 7182 2540