Terms & Conditions
Notice To All Bidders
- Please note the General and Special Conditions of Sale at the
back of this catalogue.
- It will be assumed that all prospective purchasers have
inspected the properties in which they are interested and have
made the usual and necessary surveys and enquiries and bid
solely as a result of such inspections, surveys and enquiries and
not in reliance upon any representations or warranty whether
written or implied and made by us on behalf of the Seller.
- The successful bidder is under binding Missives as soon as
the Auctioneer's hammer falls on his/her bid. Immediately
thereafter the purchaser is required to hand to the Auctioneer's
Clerk a note of his/her name and address and those of his/her
Solicitors and to sign the Minute of Preference and Enactment
and pay the required deposit before leaving the Auction Room.
- A 10% deposit (minimum £1,000) on all successful bids must
be paid by cheque or Banker's Draft (made payable to SVA
Property Auctions Ltd) or by cash (maximum £5,000). In the
event of the purchase being £1,000 or less, the full sum must
be paid on the day of the auction. Please note we do not
accept any form of credit or debit card.
- Upon purchase of any Lot please complete the form
provided by the Auctioneer's Clerk (a specimen of which is
printed on the last page of the Catalogue) and hand it to the
Clerk. The Minute of Preference and Enactment will then be
completed by the Seller's Solicitor for signature and exchange.
- All maps and plans are reproduced for the convenience
of purchasers and do not form part of any contract.
Reproduced from the Ordnance Survey Maps by permission
of the Ordnance Survey on behalf of the Controller of Her
Majesty's Stationery Office © Crown Copyright, All rights
reserved ES027129.2000 and also from Prodat Systems plc
under Promap Licence Agreement SVAPRO.
- Although it is not specifically intended to sell any Lots prior to
the Auction, prospective purchasers are advised to check with
the Auctioneers on the day prior to the sale that any Lot or
Lots in which they are interested will still be offered.
- This catalogue does not constitute any part of any offer
or contract and all statements contained herein as to the
Lots are made without responsibility and are not to be
relied on as statements or representation of fact and
neither SVA Property Auctions Ltd nor the Seller make any
representations or warranty whatsoever in relation to the
Lots. Any intending purchaser must satisfy himself by inspection
or otherwise as to the correctness of each of the statements
contained in this catalogue.
- In some instances letters, colour and hatching referred to
in the Special Conditions of Sale may be omitted from the
catalogue plans. Accurate lettering, servitude rights, etc. will be
shown on the plans available for inspection in the offices of the
- The particulars contained in this brochure were prepared
during June and July 2014 with the exception of information
supplied by the various Joint Auctioneers or Vendor's Solicitors
or their agents.
- Where possible Post Codes have been included as part of the
address for each lot. The Post Codes are included only to assist
interested parties in locating the Lots. Please note that, strictly
speaking, Post Codes are only allocated to property to which
there is a postal delivery and due to the nature of some Lots
we have had to try and identify the nearest relevant postal
address. In the circumstances no guarantee is given as to the
accuracy or otherwise of the Post Codes in the brochure or
whether they will be acceptable to the Keeper when recording
- This catalogue contains details about properties being sold at
auction. Those details are subject to change up to and including
the day of the auction. Please check our website regularly at:
www.sva-auctions.co.uk and/or contact us at the office on Tel:
0131 624 6640 to obtain any updates/errata relating to any
lots in which you may have an interest. Also 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.
- 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
(see below) and the reserve price for any lot can be subject to
change up to and including the day of the auction.
- Guide Price: The guide price or range of guide prices are
given to assist potential bidders in deciding whether or not to
pursue a purchase. It is usual, but not always the case, that a
provisional reserve range is agreed between the seller and the
auctioneer at the start of marketing, and as the reserve is not
usually fixed at this stage. The reserve can be adjusted by the
seller at any time up to and including the day of the auction.
This may be in the light of interest shown during the marketing
period. Where a guide price (or range of guide prices) is given
the guide is the minimum price at which, or range of prices
within which the seller might be prepared to sell. The last
published guide price will normally be at or above any reserve
price, unless the seller fixes the final reserve just before bidding
commences. A guide price is different to a reserve price (see
"Reserve Price" above). Both the guide price and the reserve price can be
subject to change up to and including the day of the auction.