Commercial, Retail and Investment Property Sales Guide - Singer Vielle

A buyer’s guide to using
singerviellesales.com
and clicktopurchase®
commercial property auctions

A visitor needs to
be logged into the
website in order to
access the Data
Room and various
documents.

Registration is a
simple process.

From:
To:
Subject:
invest@singerviellesales.com
neilsinger25@hotmail.co.uk
clicktopurchase registration
Dear Mr Singer,
Your Singer Vielle Sales account email address is: neilsinger25@hotmail.co.uk
Your password is: password
You must click here to activate your registration.
To help ensure delivery of future emails, please add sales@singerviellesales.com to
your contact list.
Thank you once again for registering.
Singer Vielle Sales

A confirmation
message shows
that registration is
complete.

Easy access to the
full legal package
enables fast review
by a purchaser’s
solicitor who is
free to raise
enquires.
The standard
documentation
saves the effort of
creating a bespoke
contract.

SPECIAL CONDITIONS OF SALE

Should it be agreed to sell by “traditional” private treaty, we are able to print
the Memorandum of Sale and arrange for physical signature.
Contract amendments, if required, will be fast and easy by either
amendments to the Special Conditions of Sale, or by way of an Addendum of
Sale

Should the vendor require a sale by Clicktopurchase® private treaty
exchange, we may agree a short exclusivity period.
Contract amendments, if required, will be fast and easy by either
amendments to the Special Conditions of Sale, or by way of an Addendum of
Sale. Typically, Clicktopurchase® sales do not require any contract
amendments.
When a purchaser submits a Clicktopurchase® offer, it is an Offer to Treat.
If we are instructed to accept the Clicktopurchase® offer, an immediate
online exchange has occurred by private treaty.

Before a bidder
can submit a
Clicktopurchase®
offer, they must first
be verified to accord
with identity and
financial
requirements

A potential bidder
clicks to clear
verification and is
automatically
taken to an online
verification form.
The party who completes
the verification form
(which can be the buyer,
agent or solicitor) will be
the party able to submit
the CTP offer on behalf of
the buyer.
The form asks for
the identity of the
buyer and the
buyer’s UK
solicitor.

Once the form is
completed, an
on-screen
confirmation
message appears.

From:
To:
CC:
Subject:
invest@singerviellesales.com
solicitor@buyerssolicitor.co.uk
invest@singerviellesales.com; neilsinger25@hotmail.co.uk
Property buyer confirmation
ATTACHED: MONEY LAUNDERING CERTIFICATE
For the attention of Buyer’s Solicitor
Buyer’s Solicitor’s Firm,
Address
The buyer’s UK
solicitor receives
an email with a
Money Laundering
Certificate
attached.
Dear Sirs,
Holland & Barrett, 1 & 2 Commercial Street, , Hereford, HR1 2AJ ("the Property")
We are informed that you are instructed by Jetway Properties Limited ("Buyer") of 94-96
Wigmore Street, London, W1U 3RF.
The Buyer wishes to purchase a property we are marketing through our Click To Purchase
scheme.
To enable us to permit the Buyer to do so, we would be obliged if you would complete and
sign the attached form and return it to us as soon as possible.
In the event that you have returned this form for the Buyer to us within the last 6 months
then please would you be so kind as to confirm that you continue to be instructed by the
Buyer, including in respect of this property.
Yours faithfully,
Singer Vielle Sales

The buyer’s
solicitor returns
the form,
confirming the
buyer’s identity.

The bidder’s My
Account page
displays the status
of the verification
process.

The verification
status is also
displayed on the
property home
page.
We will undertake
appropriate
investigations on
the financial
capabilities of the
buyer.

The green traffic
lights denote the
bidder has
clearance to
submit an online
Click to Purchase
offer to treat.
We may require
the contract
deposit to be held
by solicitors before
clearance. We
may seek a
Bidder’s “Initial
Deposit”.

The traffic lights on
the property home
page also turn
green.

The bidder can
then submit an
offer.
The amount is
entered twice, an
expiry date/time
chosen and
acceptance of
the Click to
Purchase Rules
acknowledged.

The bidder has a
chance to review
the offer.
In the event that a
CTP Best Offers
deadline had been
set, a CTP offer will
not be capable of
submission late.

The offer is
submitted and a
confirmation
message displayed
online.
At this point, an
electronic contract
note has been
generated
containing the
bidder’s digitally
encrypted
signature.

The My Account
page also displays
the status of the
offer.
The bidder is able
to withdraw the
CTP offer ahead of
expiry, so long as it
has not already
been accepted.

From: invest@singerviellesales.com
To: neilsinger25@hotmail.co.uk
CC: invest@singerviellesales.com; client@seller.com
Subject: Bid Receipt
Dear Sirs,
Holland & Barrett, 1 & 2 Commercial Street Hereford HR1 2AJ ("the Property")
An email is
generated to all
parties confirming
the offer terms.
We confirm details of your bid for the purchase of Holland & Barrett
* In the sum of £930,000
* Submitted on 16 Aug 2012 05:33 PM
* Bid Expiry 17 Aug 2012 05:33 PM
* Bidder as Neil Singer
* Buyer as Jetway Properties Limited
* UK Solicitor as CKFT
Should you wish to amend or cancel your bid then please follow the instructions on the
Singer Vielle Sales Click to Purchase web pages.
Yours faithfully
Singer Vielle Sales

Should the vendor
wish to accept the
offer a digitally
encrypted
signature is
attached to
complete the
contract note.
View Memorandum of Sale
An immediate
online Click to
Purchase exchange
of contracts has
occurred.
Acceptance is
confirmed in the
My Account page.

The Memorandum
of Sale appears
automatically in
the bidder’s My
Account page.

From: invest@singerviellesales.com
To: neilsinger25@hotmail.co.uk
CC: invest@singerviellesales.com; client@seller.com; solicitor@sellerssolicitor.co.uk;
solicitor@buyerssolicitor.co.uk
Subject: Bid Accepted
ATTACHED: MEMORANDUM OF SALE
Dear Neil,
Holland & Barrett, 1 & 2 Commercial Street Hereford HR1 2AJ ("the Property")
A confirmation
email is generated
advising the
buyer’s solicitor
where to send the
contract deposit.
We are delighted to confirm that your Bid, timed at 18:07:57 and dated 16 August 2012 in the sum
of £ 930,000 was successful and therefore:
1. a contract has been formed between Jetway Properties Limited and the seller for the sale and
purchase of the Property;
2. the Deposit must be remitted in cleared funds from your solicitor's client account within two
working days of this e mail to the seller's solicitors client account details of which are as follows:
Account name: Seller’s Solicitors Client Account
Bank name and address: Seller’s Solicitor’s Bank plc
Account number: 12345678
Sort code: 11-22-33
3. subject to the special conditions you should attend to insurance of the Property which may now
be at your risk.
Yours sincerely
Singer Vielle Sales

The email also
attaches a copy of
the Memorandum
of Sale.

The Memorandum
of Sale includes
the digitally
encrypted
signatures.

If a property is to
be sold by auction
it will appear on
the auction listing
page.
A bidder may seek
to submit a CTP
offer prior to
auction.

The sales channel
will display the
auction date and
time.

The auction room
prior to auction.

The auction room
is now open.

The auction is now
in progress.
Bids can be
submitted in real
time against other
bidders, with a
live auctioneer
interacting with
the market.

The bidder sees
easily when their
bid is the highest.

The bidder sees
easily when their
bid is not the
highest.

Should the bidder
submit the winning
bid, an immediate
online exchange of
contracts occurs.

Once again the
Memorandum of
Sale is placed
automatically in
the My Account
page, where the
bidding history can
also be seen.

Well known sellers who have engaged with Clicktopurchase® include:
Anglo Irish Bank
Bournelodge / Frogmore
CB Richard Ellis Investors
Co-operative Estates
Commercial Development Projects
Commercial Estates
Deloitte (Receivers)
Fairacre
Faircroft
Highcross
London & Capital
London & Central
Miller Developments
Minton
PRUPIM
Scottish Widows Investment Partnership
Stenham Property
UBS
Wedlake Bell (Receivers)
Winston Group

Solicitors who have engaged with Clicktopurchase® include:
3 Spires Solicitors Ltd Freemans Prettys
Arthur & Co Gateley Quastels
Ashworths Gordons Solicitors Reed Smith LLP
Barlow Robbins Hamilton Downing Quinn RJB Law
Berwin Leighton Paisner Hamlins LLP Robert McLaren Solicitors
Brecher Hammonds Russell Cooke
Bridgehouse Partners LLP HBJ Gately Wareing Sheridans
Browne Jacobson LLP Howard Kennedy Stanley M Calvert
BTTJ Irwin Mitchell Sylvester Amiel Lewin
Cameron McKenna LLP Israel Strange and Conlon Taylor Walton
Cotterills Jane Liles Teacher Stern
Cramer Pelmont Lawrence Graham Travers Smith
Darlingtons Martin Shepherd Veale Wasbrough Vizards
Dickinson Dees Mishcon de Reya Vyman Solicitors
DLA Piper MLM Solicitors Waller Pollens
Ellisons Mullis & Peake LLP Whitehead Vizard
Field Fisher Waterhouse PCB Lawyers Woodroffes
Finers Stephens Innocent Pinsent Masons LLP Wortley Byers

For further information, please contact us at:
Tel: +44 207 935 7200
Email: invest@singerviellesales.com
Website: www.singerviellesales.com