Bakewell 01629 812777 Uttoxeter 01889 562811 Ashbourne 01335 342201 Leek 01538 398466 Derby 01332 200147 Email: [email protected] www.bagshaws.com Property & Land Auction Monday 21st March 2016 Order of Sale The Agricultural Business Centre, Bakewell at 3:00pm Auction Procedures Don’t consider an auction too nerve wracking or intimidating, it can be exciting and exhilarating! You know where you stand, you’ve either bought the property with a legally binding Contract or you haven’t. 1. Properties are usually marketed for a six week period prior to the auction during which time they may be sold, withdrawn or details may change. It is advisable to always check that the property you are interested in is still being sold by auction. 2. Any alterations in the property details will be announced prior to the auction and these announcements will constitute part of the Contract. 3. Prior to the auction, buyers need to have satisfied themselves as to the suitability of the property for their purposes and carried out necessary surveys/investigations. The general understanding is that properties are sold as seen. 4. Contracts and conditions of sale will normally have been available for inspection at the auctioneers/Solicitors offices seven days prior to the auction and at the auction room before the auction. Interested parties are advised to inspect these and to seek any relevant legal advice. 5. Legal representatives for each property will normally be present at the auction, twenty minutes prior to commencement to answer any questions that may you may have. 6. Once the auction has started, no questions will be entertained. The auctioneers decision is final. 7. Bagshaws do not require interested parties to register and unless stated otherwise, buyers premiums are not applicable. Buyers may be asked to provide proof of identification. 8. At the fall of the hammer, a member of Bagshaws staff will approach the successful bidder to obtain necessary details and immediately after the auction, the buyer will be expected to sign a legally binding Contract and pay a 10% deposit. Completion would normally then occur 28 days later unless specified otherwise. If any additional costs are applicable, these will be specified in the Contract or announced by the auctioneer. 9. Buyers are advised that if successful, they should arrange to insure the property immediately. Valuations Compulsory Purchase Planning Renewable Energy AMC Agents Single Farm Payment Tenancy Issues Livestock Farm Dispersal Machinery Property Antiques, Furniture and Fine Art Professional Services Auctioneering Property Town, Country, Agricultural and Equestrian Property Specialists Sale, Letting and Management These properties are being sold at auction. Those details are subject to change up to and including the day of the auction Please check our website and look out for any additional materials available on the day of the auction, in order to stay fully informed with the up to date information. For the assistance of prospective purchasers, the following are definitions relating to the Guide Price and the Reserve Price; Guide Price: An indication of the Agent’s opinion of value and the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is sometimes the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction. Reserve Price: The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the immediately prior to the auction.