Covid Update

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by Shaun Vigers

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November 26, 2020

Covid Update

We hope all our clients, both vendors and buyers, remain safe and well during these troubled times.

We had planned to hold our second live streamed auction in December, but unfortunately, due to the enhanced lockdown regulations introduced last week, combined with the enforceable travel restrictions, we have taken the decision to postpone the auction scheduled for 15/12/2020.

Bearing in mind that the health and safety of both the SVA Team and all involved with the auction process is of paramount importance, we undertook a review of the instructions received and those which were pending. As a significant proportion of the potential lots were located within Tier 3 and Tier 4 areas, we could not see how we would be able to safely and legally service these instructions, whilst ensuring the properties received appropriately full exposure to the market.

We now plan to hold our next auction on 17th February 2021. In the meantime, we are proposing to offer clients an extended marketing period, with lots being brought to the market as soon as logistically possible. This will allow interested parties a chance to commence their due diligence earlier than normal and, hopefully when travel restrictions are eased, they will take the opportunity to inspect properties well in advance of the auction date. We plan to offer the usual details of the lots and this will be supported, where possible, with an initial “Legal Pack”.

This will allow interested parties a chance to commence their due diligence earlier than normal and, hopefully when travel restrictions are eased, they will take the opportunity to inspect properties well in advance of the auction date. We plan to offer the usual details of the lots and this will be supported, where possible, with an initial “Legal Pack”

The SVA Team continues to work, albeit from home, both on the February 2021 auction and other future projects. If clients or potential clients wish to contact us, please email: info@sva-auctions.co.uk and messages will be picked up and distributed remotely. The SVA Team remain available to discuss potential auction cases and to undertake appraisals.

In these unprecedented times, we are looking at a continuingly evolving situation and we will continue to post regular updates on our website and via Twitter –@SVAPropAuctions

Shaun Vigers – Director
SVA Property Auctions Ltd 

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About the Author

Shaun Vigers

Based in the Edinburgh office and founder of the firm, Shaun has over 37 years experience of both the Scottish property scene and auction sales, having been involved with the re-introduction of this method of sale to the Scottish marketplace in 1984. Taking his first turn at the rostrum in 1994, he has now conducted circa 150 auctions.

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