Acuitus 09/05/2024 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 9 May 2024

All Lots

The purchaser of each lot is deemed to purchase with notice and full knowledge of the important notice to bidders, the Common Auction Conditions, where applicable, the special conditions of sale and this addendum.

The purchaser of each lot is deemed to have inspected the property and have verified the accuracy of all information given in the particulars including the extent of the premises to be sold and the floor areas. Additionally, the purchaser is deemed to have read the legal documentation.

The boundary plans in the auction catalogue are for identification only. The correct title plan showing the boundaries of the properties are available for inspection and the purchaser will be deemed to have purchased with full knowledge thereof.

Please note that vendors may require a supplementary amount to be paid by the purchaser to the vendor over and above the purchase price. Please check the special conditions of sale to ascertain whether this applies to the property for which you are bidding.

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017.

Under the Regulations, Acuitus is legally required to immediately undertake customer due diligence checks on the buyer and related parties.

Acuitus will need to receive identification documents that satisfy the Regulations for the bidder, the buyer (if different from the bidder), the beneficial owners with more than 25% of the voting rights or capital and proof of authority if the bidder is acting as an agent.

Acuitus will also need to receive satisfactory identification on the source of the deposit money provided by the bidder/buyer.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

The Common Auction Conditions have been updated as at March 2021.

Lot 2

41 and 41A High Street, Portishead, Bristol, Somerset, BS20 6AA

Please note that, as noted in the Special Conditions, the Buyer is to pay the Seller a contribution of £1,800 + VAT of the purchase price towards the Seller’s legal fees.

Lot 5

2-3 George Street, St Albans, Hertfordshire, AL3 4ER

As to the residential long lease at 2a George Street, the lease is for a term of 189 years from 1st January 1984 and not as stated in the Tenancy and Accommodation schedule in the auction sales particulars.

Lot 25

190 and 192 Felixstowe Road, Ipswich, Suffolk, IP3 9AE

Please note that the Buyer is to pay the Seller a contribution of 1% + VAT of the purchase price towards the Seller’s legal fees.

Lot 31

Whitting Valley Road, Whitting Valley Industrial Estate, Old Whittington, Chesterfield, Derbyshire, S41 9EY

Sold prior to auction.

Lot 34

2 Castle Street, Thornbury, Nr Bristol, BS35 1HB

As detailed in the Special Conditions of Sale, the Buyer will pay a contribution towards the Seller’s legal costs in the sum of £950 plus VAT and disbursements (such to be capped at £100).

Lot 36

49 The Parade, Leamington Spa, Warwickshire, CV32 4BL

Sold prior to auction.

Lot 37

1-2 High Street, Treorchy, Glamorgan, CF42 6AE

Please note that the lease to Bet Fred is for the ground floor only-please see lease. As per the CPSE’s in the legal pack, the first floor is offered vacant with the only access via the ground floor demise.

Lot 39

336 Holderness Road, Hull, East Riding of Yorkshire, HU9 3DQ

Please note that the Buyer will pay a contribution towards the Seller’s legal costs of £950.00 plus VAT, as evidenced in the Special Conditions of Sale.

Lot 40

72/74 Marygate, Berwick-upon-Tweed, Northumberland, TD15 1BN

Please note that the rent in respect of the lease to New Look Retailers Limited is £20,000 pa together with Turnover Rent (if any)-please see Schedule 2 in the lease provided in the Legal Pack.

Lot 41

436 Welbeck Road, Walker, Newcastle-upon-Tyne, NE6 2NY

Please note that completion of this sale will be 4 weeks from the Contract Date as not as stated in the auction particulars. As stated in the Special Conditions of Sale, the Buyer will contribute to the Sellers legal fees in the sum of 1% of the purchase price + VAT.

Lot 42

2 -3 Market Place, South Shields, Tyne and Wear, NE33 1BH

The Tenancy & Accommodation schedule included in the particulars is incorrect. Please see the amended schedule below.

Floor  Use Floor Areas Approx sq m  Floor Areas Approx sq ft
Tenant  Term Rent p.a.x.
2 Market Place
Ground
Retail 106.20 (1,143) INDIVIDUAL 
t/a Michaels Cafe
A term of years expiring 17/04/2026 £14,167
3 Market Place
Ground
Retail 69.96 (753) INDIVIDUAL 
t/a Knit n Purl
A term of years expiring 11/06/2028 £12,000
Total
175.89 (1,896)
(1)


£26,167

Lot 47

23 Ironmarket, Newcastle-under-Lyme, Staffordshire, ST5 1RH

The Special Conditions of Sale provide for the Buyer, in addition to the purchase price, to pay to the Seller £3,500 plus VAT as a contribution to the Auctioneer’s fees.

Lot 50

Junction Road Car Park, Eastbourne, East Sussex, BN21 3TX

As to the Note in the Auction sale particulars detailing the restrictive covenants on the Title, please add the following

3. Indenture dated 30 November 1882 – not to erect any buildings or erections on the Property without consent in writing of William Duke of Devonshire his heirs or assigns or the owners for the time being of Compton Place also not without such consent use the Property as a public houser beershop or shop for carrying on any trade or business except that of a builder or carriage builder. Also not to do or permit to be done upon the Property any act or thing which might be or become a nuisance injury or annoyance to any land of William Duke of Devonshire adjoining or near to the Property or to the tenants thereof or do any act which might deteriorate the value of said land

4. Conveyance dated 26 September 1933 – restrictive covenants and rights reserved – please refer to the copy document supplied with the title documentation.

5. The passageway at the back and side of title EB6489 is subject to rights of way