Acuitus 27/03/2025 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 27 March 2025

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
Costcutter, 166/168 Canterbury Road, Westbrook, Margate, Kent, CT9 5JW
As to the sold off residential accommodation, please note that 166a Canterbury Road is let to Dean Properties Limited for a term of 80 years from 24/6/1984 (expiring 23/6/2064) at £115 pa, rising in 2034 and 10 yearly thereafter to £145 pa by 2054. As to 168a Canterbury Road, this is let to an individual for a term of 80 years from 24/6/1984 (expiring 23/6/2064) at £120 pa, rising in 2034 & 10 yearly thereafter to £150 pa by 2054. Please note that the total rent therefore should read £28,235 pa and not as stated in the auction particulars.
Sold prior to auction.
Lot 6
Everyman Cinema, Great North Road, Barnet, London, EN5 1AB
Sold prior to auction.
Lot 7
78-84 Crossgates Road, Crossgates, Leeds, LS15 7NL
Please note that completion of this sale will be 30 working days from the Contract Date, or earlier by mutual agreement, and not as stated in the Special Conditions of Sale.
For the avoidance of doubt, as to the tenancy and accommodation schedule, the total approximate commercial and residential floor area if 726.30 (7,818 sq ft).
Lot 9
117-151 Holton Road, Barry, Nr Cardiff, South Glamorgan, CF63 4HP
Please note that the Lease Renewal to Iceland Foods Limited has completed. As per footnote (4) in the auction particulars, the new lease has completed for a term of 5 years from 26/3/2025, without break, at a rent of £55,000 pa. A copy of the new lease has been uploaded to the Legal Pack. Please note that the total rent passing should now read £373,550 pa and not as stated in the auction particulars. In respect of the Special Conditions of Sale, amended Special Conditions (as of 10/3/25) have been uploaded to the auction pack to reflect the below: 1. Condition 5.1.2 relating to 143 is deleted. 2. In the Tenancy Schedule entry for 143 Holton Road as follows:-
Property | Date | Original landlord and tenant | Current tenant | Term | Current rent |
---|---|---|---|---|---|
143 Holton Road | 10/03/2025 | Trump Estates Limited (1) and Iceland Foods (2) | Iceland Foods | 5 years from 26/03/2025 | £55,000 pa |
Please note that there were a few typographical errors in the Special Conditions and the TR1 originally uploaded to the legal pack. These have been corrected and both the Special Conditions and the TR1 were re-loaded to the Legal Pack on 13th March 2025. In respect of 129 Holton Road (t/a Cardzone), please note that the tenant served a S27 Notice on 19th March 2025, to terminate its tenancy on 24th December 2025. A copy of the S27 Notice has been added to the legal pack.
Lot 11
Neville House, 14 Waterloo Street, Birmingham, West Midlands, B2 5TX
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.
Lot 12
Unit 1 Rivermead Industrial Estate, Swindon, Wiltshire, SN5 7EX
The mark up on the plan and the photograph within the Auction sales particulars does not correctly identify the full extent of property for sale. The correct mark up of the property is available to inspect within the legal pack and the Buyer is deemed to have purchased the property with full knowledge thereof.
Lot 14
221 West George Street, Glasgow, G2 2ND
Please note that the building is B listed. Further information can be found on the Historic Environment Scotland website.
Lot 16
Wagamama, 52-58 Mount Pleasant, Royal Tunbridge Wells, Kent, TN1 1RB
Sold prior to auction.
Lot 17
Tesco Express, 84/86 High Street, Newmarket, Suffolk, CB8 8JX
Please note that whilst Tesco have an overriding lease on the entire property, Tesco do not occupy the front part of the first floor & the entire second floor of the property. These areas both benefit from separate external access from the rear of the property. For the avoidance of doubt, Tesco occupy the ground floor convenience store & rear ancillary/loading area as well as the rear of the first floor that they use for ancillary/staff areas. Please delete the reference to a goods lift at the property. Please note the following approximate gross internal floor areas, although the approximate floor areas do not form any part of the auction contract of sale:
Floor | Use | Floor Area Approx. sq m | Floor Area Approx. sq ft |
---|---|---|---|
Ground | Convenience Store/Ancillary | 253.79 | (2,731) |
First | Ancillary | 42.20 | (455) |
First | Unoccupied Area | 104.83 | (1,128) |
Second | Unoccupied Area | 97.75 | (1,025) |
Total Approx. Area | 498.57 | (5,366) |
Sold prior to auction.
Lot 19
Avenue Villa Dental Surgery, Queen Victoria Road, Llanelli, SA15 2TP
Sold prior to auction.
Lot 22
Audiologists Clinic, 2 St Stephens Lane, Verwood, Near Ringwood, Dorset, BH31 7BQ
As noted in the Special Conditions, the Receivers shall incur no personal liability under or by virtue of the sale of the Property nor in relation to any related matter or claim however whenever or wherever arising and whether the claim is formulated in contract and/or in tort or by reference to any remedy or right and in whatever jurisdiction or forum.
The Receivers are unable to address any standard form pre-contract enquiries. The Receivers’ solicitors will endeavour to address any specific title queries before the auction.
The occupational tenant, Clarity Hearing Solutions Ltd, has been dissolved. The Receivers have been advised that the occupational lease was intended to be assigned prior to the dissolution to Imperial Hearing Limited. However, the Receivers understand that this assignment was not completed. The Receivers have been receiving rents from Imperial Hearing Limited which are paid up to date at 26 March 2025. We recommend that any prospective purchaser takes their own legal advice in
this regard.
The Property was subject to a rat infestation and the Receivers have taken steps to address this. The tenant has intimated that it may seek compensation from the Landlord/Receivers in respect of the cost of the interruption to its business resulting from this, however, no claim or evidence of loss has been received by the Receivers.
Lot 23
378/378a Ashley Road, Parkstone, Poole, Dorset, BH14 9DQ
VAT is applicable to the sale, contrary to what is stated within the auction particulars.
Lot 24
37/39 Fore Street & 47/49 Aylmer Square, St. Austell, Cornwall, PL25 5PY
Sold prior to auction.
Lot 26
104 High Street, King's Lynn, Norfolk, PE30 1DA
The Special Conditions of Sale provide for the Buyer, in addition to the purchase price, to pay to the Seller on Completion £3,500 plus VAT as a contribution towards the Seller’s costs.
Lot 27
44-50 (even) Stricklandgate, Kendal, Cumbria, LA9 4ND
Sold prior to auction.
Lot 28
40 Gowthorpe, Selby, North Yorkshire, YO8 4ET
Please note that completion of this sale will be 30 business days from exchange, as per the Special Conditions of Sale in the legal pack.
Lot 31
28C Fordwych Road, West Hampstead, London, NW2 3TG
Sold prior to auction.
Lot 32
8 Canfield Gardens, Hampstead, London, NW6 3BS
The Special Conditions of Sale provide for the Buyer on completion to pay to the seller in addition to the amount payable under condition G6.2 of the Common Auction Conditions, the seller’s full legal fees in the sum of £3,000.00 exclusive of VAT.
Lot 33
BP Filling Station, 148-158 Vauxhall Bridge Road Pimlico, London, SW1V 2RE
VAT is not applicable to the sale contrary to what is stated within the auction particulars.
Sold prior to auction.
Lot 35
181 Camberwell Road, Camberwell, London, SE5 0HB
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack. As to Lot 35, The property is sold subject to the tenancy details noted in the schedule below and not as stated in the Tenancy and Accommodation schedule in the Auction sales particulars and the property produces a total rent reserved of £102,000 per annum and not as stated as the headline rent in the Auction sales particulars.
Floor | Use | Tenant | Term | Rent (per annum) | Reversion |
---|---|---|---|---|---|
Ground and Basement | Former Public House/Church | INDIVIDUAL | 6 years from 01/01/2019 | £60,000 | 31/12/2025 |
First and Second floor | Residential | INDIVIDUAL | 3 years from 20/04/2024 | £42,000 (1) | 19/04/2027 |
Total | £102,000 |
1. As to the upper floors, the rent shown above has been annualised. The property has been sublet. 2. As to the lease to the Basement and ground floor, the lease is outside of the Security of Tenure provisions of the Landlord and Tenant Act 1954. Part of the Ground floor has been sublet. The basement appears to be being used as residential. The tenant is in arrears of rent. Please see the legal pack.
Lot 38
15/19 High Street, Earls Colne, Near Colchester, Essex, CO6 2PA
Please note that the title register refers to this property as 15 High Street & not as stated in the auction particulars. The tenant of the shop is East of England Co-Operative Society Limited, and the lease expires on 27/7/2027 and not as stated in the auction particulars. The first & second floor flat is let on a long lease, as stated, to two individuals.
Lot 39
22 Speke Road, Garston, Liverpool, Merseyside, L19 2PA
Please note that completion of this sale will be 30 working days from exchange, as per the Special Conditions of Sale in the legal pack.
Lot 41
2 Powderham Drive, Grangetown, Cardiff, CF11 8ND
Please note that the property is let to Co-Operative Group Food Limited (Registered Society number 26715R) for a term from 28/9/1997 expiring 27/9/2027.
Lot 42
69-71 West Blackall Street, Greenock, Scotland, PA15 1XE
Sold prior to auction.
Lot 44
Kyle Shopping Centre, High Street, Ayr, South Ayrshire, KA7 1QT
''VAT is applicable to the sale, contrary to what is stated within the auction particulars''
“Lot 44 THE KYLE CENTRE, HIGH STREET, AYR, KA7 1QT
Notwithstanding Clauses 3.6.5, 3.6.6 and 3.19 of the Articles of Roup, the rents will be apportioned on the basis of the actual payments received by the Seller as at Completion and neither the Seller nor the Purchaser will make any payment or allowance to the other on account of any arrears of rent due but unpaid, waived or suspended.”
Lot 46
19 a&b Kirk Wynd, Falkirk, FK1 1LZ
“VAT is applicable to the sale, contrary to what is stated within the auction particulars”