2 x Bays of Quick Form Metal Racking and Contents of Various Pipe Jigs

SALE DETAILS:

Offered for sale upon the instructions of a retained client, sale due to relocation.

Online Auction of Engineering Machine Tools, CNC Lathes and Ancillary Equipment.

All lots are subject to a Buyer's Premium of 15% and VAT at 20%.

Sale Currency: GBP

VIEWING:

Monday 23^rd July 2018, 10am to 4pm (viewing strictly by appointment). 

Please contact the auctioneers office on 0161 359 4332 to make an appointment.

LOCATION:

12 Cunningham Rd, Stirling, Scotland, FK7 7SW.

BIDDING:

Bidding opens at 9am on Tuesday 24^th July 2018 and closes on Tuesday 31^st July 2018 at 12 noon.  Upon bidding ending the Auctioneers, Breal Asset Valuations Limited, will consider the winning bids for acceptance and seek approval from the vendor prior to sale completion. 

Breal Asset Valuations Limited reserves the right to reject any bid which does not reflect a reasonable value. 

Successful bidders will be notified by email before 5pm on Tuesday 31^st July 2018 (subject to the auction closing in sufficient time).

INSTRUCTIONS FOR BIDDING:

Full details including valid email address must be provided in order to receive approval for bidding. Breal Asset Valuations Limited will retain all bidder details on our mailing list and may use these details for future sale notifications.  Bidder details will not be shared with any third parties.  Please contact the Auctioneers office on 0161 359 4332 if you wish to be removed from our database.

In the event of a bid being received within 10 minutes of the scheduled closing time, the bidding period on that lot will automatically extend by a further 10 minutes and for a further 10 minutes for any bid received thereafter.

If more than one maximum bid is placed of the same amount, the maximum bid placed first will be considered the highest bid and a further bid will need to be to be placed to take the lead. Bidders are notified by an automated message which appears on their screen.

When bidding ‘REFRESH’ your screen to ensure you are aware of current bids.

BUYERS PREMIUM:

A Buyers Premium of 15% will be added to all winning bids, Buyer Premium charges are not negotiable.

VAT on buyers premium is payable even if goods are exported.

PAYMENT TERMS:

All purchases are to be paid for in full for no later than 5pm on Wednesday 30^th May 2018.

Please contact the Auctioneers office on 0161 359 4332 for any queries regarding payment.

Payment can be made by cash (to a maximum of £9,000), Debit Card, Credit Card (subject to a 4% surcharge on the total bill amount) or by CHAPS transfer to the Auctioneers client account as specified in the sale catalogue.  Cash payments of £9,000 or over will not be accepted.

Should payment not be received for any lot by the stated payment deadline, the auctioneer reserves the right to withdraw from the sale of that lot.

Invoices are raised to the buyer registered and approved to bid in the auction.  Any purchaser requesting amendments to an invoice post auction should note that amendments will only be carried out at the Auctioneers discretion and Breal Asset Valuations Limited reserve the right to charge and administration fee to make amendments to an invoice.

VALUE ADDED TAX:

Purchasers will be charged Value Added Tax on all lots, where applicable, and on any Buyers Premium charged.  Value Added Tax will be charged at the current rate of 20%.

In respect to any goods which are exported, Breal Asset Valuations Limited WILL NOT refund the VAT charged on Buyers Premium, if you are not satisfied with this policy then please do not bid.

LOT REMOVAL:

All lots must be paid for in full (by way of cleared funds) prior to collection.

Proof of purchase will be required upon collection of any lot.

It is the purchaser’s responsibility to remove all lots from site.  We are unable to guarantee assistance will be available during the collection period; the buyer should make their own provisions in this respect.

A Method Statement, Risk Assessment and Proof of Public Liability Insurance will be required from the purchaser or their appointed collection agent, prior to the removal of any lot.  Please contact the auctioneer’s office should you have any queries in this regard.

The auction site will be open weekdays from Wednesday 1^st August 018 to Wednesday 8^th August 2018, between the hours of 10am to 4pm each day.  An appointment must be made with the auctioneer prior to attending site for lot removal.

All lots MUST be removed from site by 4pm on Wednesday 6^th June 2018.  The Auctioneer is unable to provide access to the site beyond this time and will not offer refunds in respect of any sold lot not collected within the times provided. 

RISK:

Goods become the responsibility of the purchaser upon receiving notification of a winning bid and we strongly recommend purchasers insure against all risks (see conditions of sale). Title does not pass to the purchaser until payment has been received in full.

LOTS

The Auctioneers undertake that care has been taken to see that the catalogue descriptions and advertisements are accurate and reliable, but these are necessarily statements of opinion and must not be relied upon as statements of fact. Neither the Vendor nor the Agents/Auctioneers are responsible for errors of description, the genuineness, attribution or authenticity of any lot.  All prospective bidders are strongly advised to view lots prior to bidding.

CONDITIONS OF SALE:

All lots will be sold subject to these Conditions of Sale and our standard terms and conditions (which are available by request from the auctioneers office). Bidders are strongly advised to read them carefully.

TRANSFER OF LOTS:

Breal Asset Valuations Limited will only accept payment from and permit removal of lots purchased by the successful purchaser or their duly appointed agent.

OVERSEAS PURCHASERS:

Overseas purchasers must contact the auctioneers office on 0161 359 4332 upon receiving notification of winning lots. Overseas purchasers will be required to provide their passport(s) and one other method confirming their identity (i.e. a drivers licence), their name, address, details of a UK agent acting on their behalf (if any), telephone and fax numbers.  In addition, the auctioneers will require full details of their national bank and their UK corresponding bank, details from their bank confirming method of payment, etc.

Please satisfy yourselves that:

• Your country, or the country to which the items are destined, holds no import restrictions on the goods that you wish to purchase.
• The country has no import licence restrictions or a restriction on currency allocation.
• The country has no prolonged inspection procedure, which might cause excessive delay in allowing your goods to be imported.
• You receive a fully descriptive invoice in order that you may arrange payment as soon as possible with our bank.
• You employ a reputable freight-forwarding organisation. Please note that many of the machinery removal companies in this country are not necessarily freight forwarders. We will be pleased to advise accordingly.
• You have read and understand the Breal Asset Valuations Limited’s Conditions of Sale.

VAT on goods exported will only be refunded upon Breal Asset Valuations Limited receiving valid evidence of export.  Where satisfactory evidence is not provided, goods will be subject to UK VAT at the standard rate of export and any deposits made will not be refunded. VAT on Buyers Premium is non-refundable.

If you intend to export your purchases using your own transport (either by sea, rail or air), then VAT will be levied and refunded upon receipt of satisfactory documentation, supporting removal of the goods purchased.

GENERAL NOTICE:

Breal Asset Valuations Limited reserve the right to refuse to accept the bid of any bidder should they be unable to satisfy Breal Asset Valuations Limited on any of the above conditions.