LOCATION OF PROPERTY – 105 Reid Street Wilcannia NSW
CONTACT:
Gary - 1800 976 166
TERMS:
10% Deposit on the fall of the hammer or by 5pm the next business day and the balance in cash in 30 days, or any other such date or terms specified by Lloyds Auctions prior to auction.
N.B: IN ACCORDANCE WITH THE TERMS OF AUCTION NO COOLING OFF PERIOD WILL APPLY.
PAYMENT OPTIONS:
* Secure Credit Card Online (0.75% Surcharge) (No Amex, Diners)
* Bank Transfer
* Cryptocurrency
CONDITIONS OF SALE BY ONLINE AUCTION FOR REAL PROPERTY IN AUSTRALIA
Property Address: Per Individual Auction Lot Description
- Any person intending to bid must first register with Lloyds Auctions.
- The highest approved bidder shall be the Buyer subject to the Seller’s approval and the reserve price, if any.
- Lloyds Auctions may at their discretion refuse to accept any bid from any person, and no bid if accepted may be retracted without the consent of the Lloyds Auctions.
- Immediately on closing of the auction the bidder of the highest bid accepted shall sign (and failing the same, the auctioneer shall sign on behalf of the buyer) the contract documents described in 7 and forthwith pay the deposit required and shall thereupon be deemed to be the Buyer, otherwise the property may be resubmitted at his or her risk and expense or submitted afresh to Auction as if the property had never before been submitted.
- The Seller and the Buyer agree to do all necessary acts and to sign all documents and papers as may be necessary in the furtherance of the auction.
- A bidder shall be deemed to be acting on their own behalf unless prior to bidding he/she has given Lloyds Auctions a copy of a written authority to bid for, or on behalf of another person.
- The conditions that apply are as contained in the applicable Real Estate Institute’s copyright form of Contract and Terms of Contract for Residential House & Land Seventeenth Edition, Contract for Residential Lots in a Community Titles Scheme Thirteenth Edition, Contract for Commercial Land and Buildings Eighth Edition and/or any other contract of sale that has been viewed prior to auction. Clause 3, the finance clause, does not apply and Clause 4, the Building or Buyers Inspection Clause does not apply. All Bidders and more particularly, the successful bidder shall be deemed to have been given, and to have read and acknowledged the ‘Disclosure Statement’ under the Body Corporate and Community Management Act 1997.
- The parties agree that Lloyds Auctions may in its sole and absolute discretion determine any other matters relating to the auction.
- The bidder consents to the use of electronic communication in accordance with the provisions set out in Chapter 2 of the Electronic Transactions (Queensland) Act 2001 (Qld) and Electronic Transactions Act 1999 (Cth).
- If this document is signed using electronic signature, the bidder agrees to be bound by these conditions in electronic form and consent to signing this agreement using electronic signature.
- In the event that the buyer is a corporate entity the directors and shareholders thereof shall personally guarantee all and every term and condition of the contract including payment of the deposit and balance purchase monies upon completion to the intention that such personal guarantors of the buyer shall sign a form of guarantee at the time of signing the contract.
This is an Auction Sale. All goods sold "As is".
Inspection is recommended prior to bidding. Live Video inspections are available for interstate bidders.
Photos, descriptions and condition reports (if any) should be used as a guide only.
The Auctioneer states that all or any items may have reserve prices. If the bidding has not reached reserve the Auctioneer will refer the highest bid to the Vendor, the highest bidder shall have first right of refusal in any referred bids. Once the bidder has refused any counter offers or negotiations then the Auctioneer shall declare the goods open for negotiations with other potential purchasers.
** You must be 18 years or above to bid, Photo I.D will be required upon settlement & handover.
AUCTION TERMS & CONDITIONS - SOUTH AUSTRALIA
Prescribed Standard Conditions
The standard conditions of auction for the sale of residential land (the property ) are as follows:
(a) any person may bid in the auction in person, or by their proxy or representative, subject to the conditions of auction;
(b) the vendor's reserve price will be as recorded in the auction record;
(c) to make a bid a person must be registered in the bidders register, having satisfied the requirements as to proof of identity and, if applicable, authority to bid as a proxy or representative;
(d) the auctioneer will only accept a bid if the person making the bid displays an identifying number or other unique identifier allocated to the person by the auctioneer;
(e) the auctioneer will, when accepting a bid, audibly announce the number or identifier so displayed by the bidder;
(f) the auctioneer may refuse a bid if of the opinion that it is not in the best interests of the vendor, and will not be obliged to give any reason for refusing a bid;
(g) the auctioneer may make bids on behalf of the vendor but not more than 3 such bids and only for amounts below the reserve price; any such bid will be audibly announced by the auctioneer as a "vendor's bid";
(h) bidding increments will be accepted at the discretion of the auctioneer;
(i) the person accepted by the auctioneer as having made the highest bid at or above the reserve price will be the purchaser and that bid will be the purchase price;
(j) the auctioneer will not accept a bid made after the fall of the auctioneer's hammer;
(k) unless otherwise agreed in writing by the purchaser and the vendor before the commencement of the auction—
i. a contract for the sale of the property, in the form displayed by the auctioneer at the auction, will be completed and signed by or on behalf of the purchaser and the vendor immediately after the fall of the hammer; and
ii. the purchaser will pay a deposit immediately after the fall of the hammer, as specified in the conditions of auction;
(l) the auctioneer will have irrevocable authority, after the fall of the auctioneer's hammer, to complete and sign the contract on behalf of the purchaser or the vendor, or both; completion and signing under that authority will be at the auctioneer's discretion in the event of breach by the purchaser of any of the conditions of auction;
(m) the cooling-off rights under section 5 of the Land and Business (Sale and Conveyancing) Act 1994 do not apply to a sale by auction or a sale on the day of auction to a person who has made a bid in the auction (whether in person or by their proxy or representative).