Acuitus 09/07/2024 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 9 July 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 £1,500+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 June 2024.

Please note the Product Guide for the Octopus Bridging Loan has been updated and is dated March 2025.

Lot 4

159 Hoxton Street, Hoxton, London, N1 6PJ

Sold prior to auction.

Lot 5

Units 2&3, 114 Powis Street and 7-13 Hare Street, Woolwich, London, SE18 6NE

The Special Conditions of Sale provide for the Buyer to pay to the Seller sums in addition to the purchase price. Please see the Special Conditions of Sale which are available in the Seller’s solicitors Legal Pack.
Sold prior to auction.

Lot 7

Fairalls Builders Merchant, 44-46 High Street, Godstone, Surrey, RH9 8LW

Please note that completion of this sale will be 6 weeks from the Contract Date, as stated in the auction particulars (or earlier by mutual agreement).

Lot 8

143 to 145 The Broadway, Mill Hill, London, NW7 4RN

Sold prior to auction.

Lot 10

Fairalls Builders Merchant, Taylors Hill, Eastbourne Road, Godstone, Surrey, RH9 8EQ

Please note that completion of this sale will be 6 weeks from the Contract Date, as stated in the auction particulars (or earlier by mutual agreement).
Sold prior to auction.

Lot 12

Nisa, 7 Arizona Way, High Wycombe, Buckinghamshire, HP11 1AB

The property comprises a Gross Internal Floor area of 390.25 sq m (4201 sq ft) and not as stated in the tenancy schedule of the auction sales particulars.
Sold prior to auction.

Lot 13

One Stop Convenience Store, Brockenhurst Road, Ascot, Berkshire, SL5 9DN

The lease provides for the rent to be reviewed on 16th April 2026.

Lot 14

1 Lower Addiscombe Road, Croydon, London, CR0 6PQ

Please note the approximate areas should read as below, and not as stated in the auction particulars:

Floor Use Floor Areas Approx sq m Floor Areas Approx sq ft
Ground Commercial/Ancillary 57.77 (621)
Part First Workshop 38.06 (409)
Basement/First Residential – 3 bed, bathroom, kitchen, living room 99.15 (1,067)
Total   194.98 (2,097)

 

Please note that that these approximate floor areas cannot be relied upon and do not form part of the Auction Contract of Sale.

Lot 15

20 St. Thomas Street, Wells, Somerset, BA5 2UX

According to referenced floor plans, please note the approximate area of the ground floor should read 147.48 sq m (1,587 sq ft) to include a reception, office & kitchen at the front & a garage to the rear. The first floor comprises a two- bed flat & with an approximate floor area of 60.74 sq m (654 sq ft), meaning an approximate total area of 208.22 sq m (2,241 sq ft), and not as stated in the auction particulars. Please note that that these approximate floor areas cannot be relied upon and do not form part of the Auction Contract of Sale.

Lot 16

52 Bond Street, Trowbridge, Wiltshire, BA14 0AS

Please note the approximate area of the ground floor should read 171.41 sq m (1,845 sq ft) and the first floor (accessed via a ladder), should state 22.43 sq m (241 sq ft), meaning an approximate total area of 234.12 sq m (2,520 sq ft) including the garage, and not as stated in the auction particulars. Please note that that these approximate floor areas cannot be relied upon and do not form part of the Auction Contract of Sale.

Lot 18

The Buttermarket, North Street, Chichester, West Sussex, PO19 1LQ

In respect of the Extra Special Conditions of Sale in the Legal Pack, please note that Extra Special Condition 7 is inserted as follows:

7. The Seller hereby discloses that the lease of unit 1 dated 24 February 2023 was entered into without a licence to underlet from the Head Landlord as required by clause 3.10 of the Head Lease dated 17 December 2009.

Lot 19

44-48 East Street, Blandford Forum, Dorset, DT11 7DR

Sold prior to auction.

Lot 21

117 to 119 High Street, Erdington, Birmingham, B23 6RS

The current rent reserved under the terms of the lease is £65,000 per annum exclusive and not as stated in the Auction sales particulars.

Lot 22

20 New Market Street, Leeds, West Yorkshire, LS1 6DG

Sold prior to auction.

Lot 24

26 Belvoir Street, Leicester, Leicestershire, LE1 6QH

Please note that completion of this sale will be 6 weeks from the Date of Contract (as per the auction particulars), and not as stated in the Special Conditions of Sale.

Lot 27

4/4a/4b/4c King Street, Thetford, Norfolk, IP24 2AP

Please note that completion of this sale will be 20 working days after the Contract Date, as specified in the Special Conditions of Sale and not as stated in the auction particulars.

Lot 28

4 Station Road, Letchworth Garden City, Hertfordshire, SG6 3BH

Sold prior to auction.

Lot 29

15 High Street, Swallownest, Nr. Sheffield, South Yorkshire, S26 4TT

Please note the approximate area of the ground floor should read 76.79 sq m (826 sq ft) and the first floor should state 73.00 sq m (785 sq ft), meaning an approximate total area of 149.79 sq m (1,611 sq ft), and not as stated in the auction particulars. Please note that that these approximate floor areas cannot be relied upon and do not form part of the Auction Contract of Sale.

Lot 30

Lowe House, 17 Heath Street, Golborne, Wigan, WA3 3BN

Sold prior to auction.

Lot 31

24/26 Fore Street, St. Austell, Cornwall, PL25 5EP

Please note that completion of this sale will be 20 working days after the Contract Date, as specified in the Special Conditions of Sale and not as stated in the auction particulars.

Lot 32

17-19 Station Street, Burton-upon-Trent, Staffordshire, DE14 1AU

As per the Extra Special Conditions in the legal pack, the Buyer will, in addition to the final selling price, pay to the Seller the amount of 1.5% of the Price plus VAT plus disbursements (to include searches) for the Seller’s legal costs.

Please note that completion of this sale will be 20 working days after the Contract Date, as specified in the Special Conditions of Sale and not as stated in the auction particulars.

Lot 34

5a St James’ Street, Derby, Derbyshire, DE1 1QT

Sold prior to auction.

Lot 35

188/190 Station Street, Burton-upon-Trent, Staffordshire, DE14 1BJ

As per the Special Conditions and Extra Special Conditions of Sale in the legal pack, the Buyer will pay the Seller’s solicitors costs of £3,000.00 plus VAT and disbursements. Please also note, that the licence to alter with the tenant has now completed, as confirmed in the Special Conditions of Sale in the Legal Pack.

Lot 39

219 Govan Road, Glasgow, G51 1HJ

Please note that by way of a Minute of Agreement in 2017, the management fee reduced for Units 1, 2 , 4 Govan Rd (P. Scott) from 5% pa to 3% pa, meaning a small difference of about £350 pa on the total annual management fee. We understand however that a total management fee, as stated in the auction particulars, of £1,802 pa is still being collected-please see legal pack.
Sold prior to auction.

Lot 40

308 Argyle Street, Glasgow, G2 8LY

Sold prior to auction.

Lot 44

17-21 Cowell Street, Llanelli, Carmarthernshire, SA15 1AP

As per the Extra Special Conditions in the legal pack, the Buyer will, in addition to the final selling price, pay to the Seller the amount of 1.5% of the Price plus VAT plus disbursements (to include searches) for the Seller’s legal costs.

Please note that completion of this sale will be 20 working days after the Contract Date, as specified in the Special Conditions of Sale and not as stated in the auction particulars.
Sold prior to auction.

Lot 45

2 High Street, Banchory, Aberdeenshire, AB31 5RP

For the avoidance of doubt and as evidenced in the Legal Pack, please note that if the buyer is a non-funeral operator, then there will be a restricted use following the sale and the memorial garden to the side of the property will not form part of the sale.

Lot 47

23 Cowell Street, Llanelli, Carmarthenshire, SA15 1AP

As per the Extra Special Conditions in the legal pack, the Buyer will, in addition to the final selling price, pay to the Seller the amount of 1.5% of the Price plus VAT plus disbursements (to include searches) for the Seller’s legal costs.

Please note that completion of this sale will be 20 working days after the Contract Date, as specified in the Special Conditions of Sale and not as stated in the auction particulars.
Sold prior to auction.