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What type of property do TELSAR SELL AT AUCTION

Telsar are Commercial Property Specialists, we sell all types of commercial, mixed use property and land. 

Do you only cover COMMERCIAL properties?

At present we only sell commercial property, however we do offer certain residential properties under our special lots section from time to time.

Where do I get an auction catalogue?

You can download our catalogue from our website.

Do you make guide prices available?

All guide prices will be published in our catalogue. 

Can I view the properties?

Viewing times and dates will be set prior to the Auction. Individual viewings can be arranged subject to availability.

Do I need a mortgage arranged prior to bidding?

We would highly recommend having your funding in place before bidding.

When do I instruct my solicitor?

It is advisable to instruct your solicitor to review the legal documents of the property you are interested in. 

When do I need my deposit?

A 10% deposit will be payable at the Auction on the fall of the gavel.

What is the Addendum?

Occasionally changes need to be made to the lot information or the Conditions of Sale. Before you bid it is essential that you check the printed addendum and listen for any announcements made by the Auctioneer detailing any changes that may have occurred. This is important as these will form part of the Memorandum of Sale.

Can lots be sold prior to the sale?

Lots may be sold prior to Auction subject to the sellers approval.

What is a guide and reserve price?

Guide Price is an indication of the seller’s current minimum acceptable price at Auction. The guide price is given to assist prospective buyers 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. As the reserve is not fi xed 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 fi gure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is diff erent to a reserve price (see separate defi nition). Both the guide price and the reserve price can be subject to change up to and including the day of the Auction. 

Reserve Price is the seller’s minimum acceptable price at Auction and the fi gure below which the Auctioneer cannot sell. The reserve price is not disclosed and remains confi dential between the seller and the Auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the Auction.