FAQ

  • Entrance on the day of the auction by a non-refundable ticket to be purchased by each person and by producing the NIC or acceptable proof of identity if required.
  • The highest bidder becomes the purchaser. Should any dispute arise between two or more bidders the lot will be put up again and re-sold.
  • A deposit of 50% (Fifty Percent Only) to be made on each lot at the fall of the hammer.
  • Balance payment and removal of items the day after the auction or as determined by the Auctioneer.
  • All lots to be at the risk of the purchaser from the time of purchase, and no lot can be delivered while the sale is proceeding.
  • All items to be sold on AS IT IS CONDITION and the buyers will have to satisfy themselves before purchasing and no complaints, cancellations or refunds of monies will be entertained after the items are once sold.
  • Should any mistake be made in describing a lot such mistake will not be held to vitiate or affect the sake of such lot in anyway – it being understood that intending purchasers will satisfy themselves on all points before bidding and no allowance will be made for imperfections discovered after the lots are knocked down.
  • No goods to be removed without the sanction of the Auctioneer. Any person removing any portion of the property without an order from the Auctioneer will be subject to an action at law.
  • Purchasers will bear all expenses of taking down and removing all lots purchased and shall make good any unnecessary damage which may be caused thereby.
  • NOTICE- Servant’s bids will not be taken unless they produce an authority from their masters prior to the sale.
  • The Auctioneer to have the option to refuse any bids.
  • All articles must be paid for before delivery and removed immediately after the sale, otherwise they will be resold by public or private sale at the risk of the purchaser who will not be entitled to claim any surplus if any, at such re-sale will be liable for any deficiency.
  • No goods will be delivered without payment.
  • The Auctioneer/ the Management has the right to withdraw any item(s) from the auction without prior notice.
  • The decision of the Auctioneer will be final.
  • Entrance on the day of Auction will be by a non- refundable entrance ticket.
  • The highest bidder shall be declared as the purchaser and he / she has to pay 25% of the purchased price in cash immediately at the time of purchase.
  • The balance 75% of the purchased price will have to be paid latest 3.00 p.m. the following working day.
  • The vehicle should be removed by the successful purchaser at their own expense after making the full payment.
  • The Auctioneer will not be responsible for the vehicles purchased or for any monies paid after 3.00 p.m. the next day.
  • The insurances for the vehicles from the time of purchase will be the responsibility of purchaser.
  • All vehicles will be sold on AS IT IS CONDITION and the buyers should satisfy themselves before bidding and no complaints, cancellations or refunds of monies will be entertained after the vehicles are once sold.
  • No taxes are applicable and the purchaser will have to pay only the purchased price of the vehicle at the auction.
  • All transfer documents, revenue license and other relevant paper work will be handed over to the successful purchaser on receipt of the full payment. No open papers will be given under any circumstances.
  • The Auctioneer has the option to refuse any bids without giving any reasons for such refusal.
  • The decision of the Auctioneer will be final.
  • A minimum period of 3 months should be exclusively contracted to our company to market and promote the property.
  • A minimum price expected by you per perch should be indicated at your earliest.
  • All legal matters pertaining to the sale will have to be handled by your appointed lawyers
  • The Surveyor Plans (completed not more than 5 years ago), Title & Title Reports, Street Line Certificates, Non vesting Certificates, Building Plans (If available), drainage & sewerage certificates and other necessary paperwork to be updated and made available by you.

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Flagship Auction & Sales Facility

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