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Mark Jenkinson 250521 Property with potential for sale by ONLINE AUCTION Tuesday 25th May 2021 40 LOTS Bidding starts at 9am – concludes from 12 noon onwards 0114 276 0151 www.markjenkinson.co.uk www.markjenkinson.co.uk 1 Have you a property suitable for auction? MJS Auctions are market leaders in Sheffield and South Yorkshire. If you would like to be part of our success and have a property suitable to be sold by auction we would be very happy to hear from you. The Auction dates for 2021 can be found on the facing page – the deadline for entries is strict so please contact us a week or so beforehand to allow plenty of time for preparing your property for sale. The most suitable properties for auction include: • Houses requiring complete or partial • Student investment property modernisation • Commercial investments • Houses with sitting tenants • Properties with structural problems • Individual houses of character • Stabling and land for grazing • Building plots or development sites • Unusual buildings for redevelopment • Ground rent portfolios JOINT AGENCIES WELCOME If the property you are selling is currently on the market with an Agent we are always happy to act jointly. If you would like an indication as to how much the property will sell for at auction send a copy of the current Agent’s brochure with your name, address and telephone number for a quotation. Contact Adrian Little FRICS FNAVA [email protected] | 0114 276 0151 Our fourth auction Sheffield and South Yorkshire’s Leading Auctioneers of the year will take The FOURTH Property with place online rather Potential for AUCTION of 2021 than at our usual Tuesday 25th May Bidding starts at 9am – concludes 12 noon onwards venue of Bramall 40 lots including: • Vacant Houses Requiring Modernisation Lane. The lots will • Larger Residential Development Projects • Vacant & Tenanted Commercial Property be offered in the • Former Doctors Surgery • Licensed Public House order set out in • Student Investment Property • Industrial Investment the catalogue and Properties located in and around: all prospective Sheffield, Rotherham, Doncaster, Worksop, Chesterfield, Hull bidders will need Acting on behalf of and in conjunction with: to go through the registration process via our website in (Subject to conditions of sale and unless sold beforehand) Auctioneer: Adrian W Little FRICS FNAVA order to bid. 2020 auction results 8 auctions, 231 Lots, 217 sold for £32.2 million – 94% success rate Next auction: Tuesday 13 July – Deadline Friday 11 June Auction dates for 2021 26 JANUARY 25 MAY 19 OCTOBER 36 of 38 Lots sold for £5.12m 40 Lots Deadline 17 September 94% success rate 2 MARCH 13 JULY 7 DECEMBER 18 of 23 Lots sold for £2.53m Deadline 11 June Deadline 5 November 78% success rate 13 APRIL 7 SEPTEMBER 27 of 30 Lots sold for £5.24m Deadline 6 August 90% success rate www.markjenkinson.co.uk 3 Introducing Mark Jenkinson Online Auctions Mark Jenkinson Online Auctions is a new, innovative and pioneering platform for buying and selling property. It provides all the benefits synonymous with traditional auctions, including speed and certainty of sale, transparency and zero risk of gazumping or double-selling, but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. REGISTRATION A STRAIGHTFORWARD PROCESS FROM START TO FINISH In order to bid at Mark Jenkinson Online to-date throughout the auction cycle), as well as number and upload copies of your photo ID (e.g. Auctions you will first need to create an account gain access to the legal packs. In order to place a driver’s licence or passport) and recent proof of by providing your contact details. You will be bid on a lot you will need to complete the bidder address (dated within the last 3 months). This required to verify your email address, by clicking registration steps, as detailed below. is required so we can easily keep in touch and an activation link that we’ll send to you via email. helps us confirm your identity in the event of you Once you’ve created an account you can ‘watch’ Please note, the first time you register to bid purchasing a lot. lots that you’re interested in (you’ll be kept up- you will also be asked to verify your mobile ACCEPT TERMS ENSURE YOU READ, UNDERSTAND AND ACCEPT THE TERMS AND CONDITIONS You will be asked to read and accept our Online sale of the property you’re registering to bid on Once accepted, you will receive a copy of the Auction Terms and Conditions. Additionally, there that will need to be read and accepted before you document(s) via email for your own records. may be specific documentation relating to the are able to bid. BIDDER SECURITY REGISTER YOUR CREDIT OR DEBIT CARD FOR THE BIDDER SECURITY In order to bid online you will be required to taken at this stage). The bidder security amount unsuccessful bidder’s cards will have their register a credit or debit card for the bidder will be clearly displayed when registering your shadow payments released (this can take several security deposit. We use Sagepay who provide a card. days depending on the card provider). For more secure, online card registration facility, and they information about this process please read the will attempt to place a ‘hold on funds’ on your On the fall of the electronic gavel, the winning detailed explanation at the end of this document. account for the bidder security amount (often bidder’s card will be automatically debited known as a ‘payment shadow’ as no money is for the bidder security amount, whilst all the AUCTIONEER REVIEW FINAL STEP – AUCTIONEER REVIEW Once you have completed the bidder registration electronically verify your identity with a credit affect your credit score. You will be notified by steps, Mark Jenkinson will review your reference agency – this is a quick and simple email as soon as you have been approved to bid. registration to bid. We may contact you to obtain process which leaves a ‘soft footprint’ and doesn’t some additional information, so that we can DUE DILIGENCE RECOMMENDED DUE DILIGENCE BEFORE BIDDING In general terms, you are strongly advised to view available online, and take proper legal advice the property and take professional advice as to its accordingly. Finally, understand the contract you condition and suitability. You should also ensure are entering into and the financial commitment that you thoroughly read and understand the legal that you will be liable for should you be the pack and any other associated documentation successful purchaser. GUIDES AND RESERVES UNDERSTAND THE GUIDE PRICE AND RESERVE PRICE What is a Guide Price? What is a Reserve Price? who placed that ‘highest bid’ will be declared the A Guide Price is an indication as to where the The Reserve is the minimum figure that the purchaser at the end of the auction process. Reserve is currently set. It is not necessarily what Auctioneer is currently authorised by the vendor the auctioneer expects to sell the lot for, and to sell the property for. Please note that Reserve should not be taken as a valuation or estimate of is liable to change throughout the course of sale price. The reserve will not exceed the Guide marketing. The Auctioneer reserves the right to Price by more than 10% if it is a single figure lower the Reserve during the auction to a level Guide price, and if a Guide Price range is quoted, that matches the existing highest bid. In the the Reserve will fall within that range. event that there were no further bids, the bidder 4 www.markjenkinson.co.uk BIDDING STRESS-FREE BIDDING FROM THE COMFORT OF YOUR OWN HOME When the auction opens, you will be able to place price is in relation to your maximum bid, as 2. Tom wants to bid. The minimum bid amount bids in line with the pre-determined bid increment defined below. is £91,000 but Tom decides to place a levels, using the bid increase (+) and decrease (–) maximum bid of £97,000. This is below the buttons provided. Having set your preferred bid If your maximum bid is below the reserve reserve price, so the system places a bid amount and clicking the ‘Place Bid’ button, you price for Tom at his maximum bid amount and he will be asked to confirm your bid at which point it • The system will place an immediate bid at becomes the highest bidder at £97,000. will be placed. your maximum bid amount. 3. Jane logs on to bid. The minimum bid amount Every time you submit a bid you will be clearly is £98,000 but Jane places a maximum shown whether your bid was successful, and If your maximum bid is at or above the reserve bid of £105,000. The system automatically a full list of all bids is displayed on-screen at all price increases Jane’s bid to meet the reserve times. • The system will automatically increase your and she is now the highest bidder at bid to be at the reserve, and will only bid £100,000. However, Jane still has a proxy Maximum (proxy) bids again on your behalf if you are subsequently bid of £105,000 “in the system” which will You are not restricted to placing a bid at the outbid by another bidder (up to your automatically bid on her behalf if anyone else minimum bid amount, but can instead increase maximum bid amount). places a bid. your bid and place a maximum (proxy) bid in the • If another bidder has already placed the same 4.
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