Bid Procedure

All offers should be based on the particulars of sale for Whyteleafe Hall prepared by Knight Frank LLP. Bids should be submitted on the following structure:

Option A: Unconditional Offer
An unconditional bid for a fixed sum, to be made subject to contract (and survey if required) only for the freehold of the whole property or any individual lot.

Option B: Alternative Bid
Prospective purchasers may submit a bid in addition to the offer/s made under Option A which may for example be subject to planning or include an element of conditional subsequent payments e.g. sales or planning overage, for the freehold of the whole property or any individual lot.

Note:
It is Ofcom’s intention to dispose of the entire property, therfore if you bid for lot 1 (Whyteleafe Hall) you must also include a bid for the entire property.

Additional information

Within the offer letter, please provide the following additional information:
Legal Advisors: Details of the solicitors who will be acting in the purchase, if the bid is acceptable.
Finance: Details/proof of funding arrangements for the purchase of the property.
Authority: Confirmation of the bidder’s authority to bid and (where appropriate confirmation that any offer has full Board approval).
Proposed Use/Development: A summary of the bidder’s proposals for the property.
We will require detailed information if their bid contains any conditionality?

Please note the following:

The contract for sale may include a clawback clause in the event that the whole or part of the property be conveyed prior to obtaining an enhanced planning consent, undertaking refurbishment or redevelopment, at a price in excess of the initial consideration within an agreed timescale.
Where bids are made on a subject to planning basis, the sale contract will incorporate an obligation on the part of the purchaser to prepare a planning application to be submitted in the joint names of the vendor and purchaser within an agreed timescale and thereafter use all reasonable endeavours to obtain approval of such a scheme. A long stop date will be need to be agreed and the purchaser would be required to allow the vendor to monitor the preparation, submission and negotiation of the application.
The vendor will require appropriate security over the site and/or an acceptable bank guarantee/bond to secure any overage/deferred payments.
All offers must be made on behalf of a named purchaser. We advise that they should be for an uneven figure, in order to avoid identical bids and should be in pounds sterling.
No escalating bids will be considered and no offer should be made which is calculable by reference to another offer.
Bidders will be notified on receipt of our client's instructions.
The vendor does not undertake to accept the highest or any offer.

Venue for Delivery of Bids

Bids should be sent by fax, mail or hand delivery to OFCOM, Riverside House, 2a Southwark Bridge Road, London, SE1 9HA. Marked for the attention of Ms K Stross. Fax 020 7981 3806.
Please telephone 020 7981 3000 x 3881 to confirm receipt of you bid.

Closing Date for Delivery of Bids