Name Prime Industrial Real Estate Auction - Palmerston
Auctioneer Rapid-Sell c/o David Moore & Associates Inc.
Type Online-Only Auction
Date(s) 7/16/2017 - 7/26/2017
Bidding Opens: Sunday July 16th, 2017 at 12:00 noon Bidding Begins to Close: Wednesday July 26th, 2017 at 12:00 noon (soft close in effect)
Preview Date/Time OPEN HOUSE: Wednesday July 19th, 2017 from 9:00 am - 4:00 pm; Monday July 24th, 2017 from 11:00 am - 7:00 pm, Tuesday July 25th, 2017 from 11:00 am - 7:00pm.
Location 595 Toronto Street
Palmerston, ON N0G2P0
Buyer Premium No Buyer's Premium
Terms and Conditions - To Bid and Buy ONLINE REGISTRATION & IDENTIFICATION: At the time of online registration at rapid-sell.ca, we collect information about you to verify who you are before you can bid. We collect credit card information as part of the process to ensure that you are a qualified buyer. All bidders must be of legal age to bid. BIDDERS AGREEMENT: Bidders must complete, sign and submit a Bidders Agreement to quality to bid in this auction. Completed agreements may be delivered to our office in person at 5665 Watson Rd N, Guelph Ontario or emailed to info@rapid-sell.ca or faxed to 519-766-9008. Agreements may be obtained by phoning 1-800-763-1856 or emailing info@rapid-sell.ca. REQUIRED DEPOSIT: A deposit of $5,000.00 payable by certified funds or bank draft payable to David Moore & Associates or email transfer to info@rapid-sell.ca. ONLINE REGISTRATION, COMPLETED BIDDERS AGREEMENT & the REQUIRED DEPOSIT must be received by David Moore & Associates / Rapid-Sell.ca no later than Wednesday July 26, 2017 at 11:00am to qualify to bid. NO RESERVE: This property will be sold unreserved to the highest and final qualified bidder. FOR THE WINNING BIDDER: $10,000.00 will be due by certified funds or bank draft (payable to David Moore & Associates) along with the signed and completed Offer to Purchase by 5:00pm on Thursday July 27, 2017. Balance due on closing in 60 days or as agreed by both parties. REVIEWING YOUR BID: During an auction you can check the status of your bid at anytime. Note that no bids can be withdrawn during or after the auction for any reason. Property is sold in as is condition, where is, with all faults and with no liens or encumbrances on closing. Failure to comply with auction rules and platform will be a forfeit of deposit. BIDDING NOTIFICATIONS: You can choose to be notified by e-mail during the auction if you have been outbid. Please note that outbid notifications are NOT sent out during the last two hours of the sale prior to closing of Auction online. Buyers must use max bid option or be present on computer during auction closing to be successful and maintain your own current bids. Rapid-Sell.ca is not responsible for any computer interruption of service during this timed auction. CONDITIONS OF ITEMS SOLD & OUR ONLINE CATALOGUE: Our best efforts are made to represent the property accurately in descriptions and photographs; however, all auction items are ultimately sold on an 'as is, where is' basis, with all faults as seen. We strongly encourage all bidders to personally verify the condition of the subject property during the pre-arranged preview time or by appointment. No responsibility is assumed by Rapid-Sell or the seller for any errors or omissions. PERSONAL & PROPERTY RISKS: We will not be liable for damage or injury to individuals or their property in regards to this auction. BUYERS: The BUYER expressly agrees to indemnify and save Rapid Sell, the Seller and their assigns harmless from and against all claims, losses, expenses, damage or liability, directly or indirectly caused by or resulting from an act, including the negligent acts or omissions of Rapid Sell, or anyone acting in his/her behalf in connection with or arising out of auction. All bidders/buyers must be of legal age. AUCTION RECORDS: In the unlikely event of a dispute, you agree to accept as true the information that we have in our records. SOFT CLOSE: To prevent a bidder from 'sniping', all bids made in the last minute of the auction will force an item to stay open for an additional 3 minutes. This will continue until all bidding has ceased. STRATEGY: We recommend that ALL BIDDERS put in their maximum bid when placing a bid online. This does not mean you will have to pay the amount you bid; you only pay one bid more than the next highest bid, and only up to your maximum bid. The software system will play out the bids as you would at a live auction and only uses the funds required to beat out the under-bidder at the prescribed bid increment. By bidding you are acknowledging agreement with the terms above. Do not bid unless you agree to all of these terms.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 2,000,000.00 1,000.00 CAD
2,000,000.01 - 9,999,999.99 5,000.00 CAD
Currency CAD
Buyer Premium No Buyer's Premium
Payment Terms
This sale is conducted in Canadian funds. View terms for payment information.