NOTICE TO PURCHASERS

 

VIEWING:

• The lots may be viewed as follows: Monday 9^th December 2024 between 10:00am and 4:00pm.
•  Located at 2 Ameiva Point | Dundas Lane | Portsmouth | PO3 5SD

 

BIDDING ENDS:

• Bidding will endat: 12:00 noon on Tuesday 10^th December 2024 [subject to the normal 10 min extension] AT WHICH TIME ALL HIGHEST BIDS WILL BE CONSIDERED. 

 

ACCEPTANCE OF FINAL HIGHEST BIDS – IMPORTANT NOTE:

• Acceptance of all final highest bids is subject to approval by our client.
• Lambert Smith Hampton reserves the right to reject any bids which they feel do not reflect reasonable value
• Successful bidders will be notified by email by 1pm on Thursday 12^th December 2024

 

INSTRUCTIONS FOR BIDDING:

• Access for bidding can be obtained through our website www.lsh.co.uk/assetadvisory.  
• Full details including valid email address must be provided in order to receive approval for bidding
• 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 10mins for any bid received thereafter.
• Staggered end times have been applied to the lots in this sale. Please check the lot you are bidding on for the end time.
• MAXIMUM BIDS: 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

 

• IMPORTANT: When bidding, do not forget to ‘REFRESH’ your screen to ensure you are aware of current bids.

 

• MAILING: All approved bidders will automatically have their details placed on our database for notification of futures sales undertaken by Lambert Smith Hampton only.  In the event that you wish to have your details excluded from our database, please  use  the ‘unsubscribed’ feature within our website (as above) alternatively please notify our Sales Administration Team aaaccounts@lsh.co.uk

 

BUYERS PREMIUM:

• The purchaser will pay a buyer’s premium of 16% plus VAT, which will be charged on all lots.
• The premium is not negotiable and will be paid by all buyers

 

PAYMENT TERMS:            

• All purchases are to be paid for in full, no later than Friday 13^th December 2024 by 1pm
• All queries regarding payment should be directed to our Sales Accounts team, aaaccounts@lsh.co.uk  
• Please note that we do not have the facility to accept debit or credit card payments (the details required when signing up are for name and address validation purposes only).

 

       Please refer to the page headed “PAYMENT DETAILS” for acceptable methods of payment

 

LAMBERT SMITH HAMPTON WILL NOT ACCEPT ANY CASH TRANSACTIONS WHICH EXCEED £7,000 UNDER ANY CIRCUMSTANCES.

CYBER-CRIME AND FRAUD:

Please be aware of the significant increase in cybercrime and fraud. Whenever you receive bank account details from Lambert Smith Hampton by email you are strongly encouraged to verify the authenticity of those details by phoning our  Auction Accounts Team on 02380 461643.  If you receive an email purporting to be from someone at Lambert Smith Hampton which seeks to direct a payment to a bank, details for which differ from those which we have previously given to you, it is unlikely to be genuine. We do not accept any liability for monies sent to a bank account which is not an authentic Lambert Smith Hampton bank account.

 

Our account details will always have Lambert Smith Hampton or LSH in the account name. Our Sort Code will always be 51-50-03

 

VALUE ADDED TAX:

• Purchasers will be charged Value Added Tax on all lots, where applicable, at the current rates

 

DEPOSITS:

• Purchasers are required to pay a deposit on lots which will cause damage or leave a hole in the fabric of the building after removal.  These lots will be specified in the sale catalogue.  The deposit will be returned once the purchaser has made good in a satisfactory manner.

 

RISK:

• The bidder / buyer is at risk once the buyer is notified of his successful purchases and is strongly advised to effect insurance at once, irrespective of whether title has passed.  Title does not pass to the purchaser until payment has been received in full.

 

 

RECORDED “USEAGE” READINGS: The hour and odometer readings on machinery and vehicles in this sale cannot be warranted and should not be relied upon.

 

COMPUTER SOFTWARE:  Due to the Data Protection Act, all software and data will be removed from computers prior to selling.

 

CLEARANCE TERMS AND ARRANGEMENTS

 

• All lots must be removed between Friday 13^th and Tuesday 17^th December 2024 (Excluding Weekends) No further access will be available after this time.
• The premises will be open from 10:00am until 4:00pm.

There is a forklift available to assist with lifting and loading of items, however purchasers must ensure the load is secured before leaving site.

RAMS will be required for any items stated in the lot description.

Any electrical or plumbing disconnections are to be undertaken by qualified individuals with a Task Assessment to be filled out on site.

• Please ensure you bring the required tools and manpower and arrive on site in sufficient time to allow for the safe dismantling

And loading of your lots before the site closes.

• Lambert Smith Hampton does not undertake label printing, packaging, postage, delivery or shipment of goods and the bidder must make his own arrangements to comply with the clearance terms
• Clearance of all lots must be undertaken in accordance with The Health & Safety at Work etc. Act 1974 and, where and as applicable, The Construction (Design and Management) Regulations 2015 and all other summary legislation.
• Risk Assessments and Method Statements (RAMS): If you purchase a lot that requires RAMS to be completed please be aware that you will not be permitted access to site to commence collection of ANY of your lots until the required RAMS has been completed and reviewed by an LSH representative. If you need access to site during the collection period to review equipment for RAMS purposes, or have any further questions please contact Connor Mills on Cmills@lsh.co.uk
• Lambert Smith Hampton reserve the right to stop clearance if in their opinion, they believe it is being carried out in an unsafe manner or without an appropriate Method Statement and Risk Assessment.
• The purchaser should ensure that their contractors hold sufficient public liability insurance, copies of which should be made available to Lambert Smith Hampton if demanded.
• Any fluids remaining in any lots purchased MUST be removed from site in conformity with the Control of Substances Hazardous to Health (COSHH) Regulations.

 

CONDITIONS OF SALE

All lots will be sold subject to the Conditions of Sale as printed on the catalogue cover. Bidders are strongly advised to read them carefully.

 

 

TRANSFER OF LOTS:

Lambert Smith Hampton 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, on acceptance of offers, advise of their intentions to export their good immediately and notify our Sales Co-ordinator, Emma Gaines [aaaccounts@lsh.co.uk ]  

 

Overseas purchasers will be required to provide details of :

(a)             Their passport(s)

(b)             One other method confirming their identity, i.e. drivers licence, name,

                  address, UK agent (if any), telephone and fax numbers.

(c)              Full details of their national bank and their UK corresponding bank.

(d)              Details from their bank confirming method of payment, etc.

 

                  Please also ensure that:

(e)              Your country, or the country to which the items are destined, holds no import restrictions on the goods that you wish to purchase.

(f)               The country has no import licence restrictions or a restriction on currency allocation.

(g)              The country has no prolonged inspection procedure, which might cause excessive delay in allowing your goods to be imported.

(h)             You receive a fully descriptive invoice in order that you may arrange payment as soon as possible with our bank.

(i)               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.

(j)               You have read the Conditions of Sale.

 

                  Please Note:

(a)             We will not allow removal of any Lot from the Sale site until our Accounts Department has received notification from our bankers that your payment has been properly cleared in full. Monies must be transferred to ourselves within the       time stated in the “Notice to Purchasers”

(b)             If there are any special arrangements that you wish to make with us, you must contact us at least three days before the Sale date.

(c)             Our terms regarding payment of VAT and subsequent refunds.

                 

VAT on Goods Destined for Export:

All purchasers intending to export their purchases will be charged a deposit equal to that of the VAT due on each lot purchased and the Buyer’s Premium.

 

In order to qualify for a refund, the goods must be exported in accordance with regulations under “Indirect Export” and valid evidence of export received by Lambert Smith Hampton within one month of the date of export.  Where satisfactory evidence is not provided, goods and services will be subject to UK VAT at the standard rate and the deposit will not be refunded.

                 

Please ensure that the cashier has been notified of your intentions to export prior to removal of goods.

 

International Bank Charges: Please note LSH will look to recover charges incurred on the transfer of the VAT deposit refunded.

 

The above information must be supplied in writing to our Sales Co-ordinator, Mrs Emma Gaines, Lambert Smith Hampton, First Floor, 2 Manor Court, Barnes Wallis Road, Fareham, PO15 5TH, on your official company notepaper and signed by the contact name quoted.

 

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.

 

Lambert Smith Hampton reserve the right to refuse to accept the bid of any bidder should they be unable to satisfy Lambert Smith Hampton on any of the above.