Acuitus 26/05/2011 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 26 May 2011

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.
Lot 1
HSBC Bank, Church Lane, Pudsey, Leeds, West Yorkshire, LS28 7DN
Please note the position regarding the VAT status of the property in the special conditions of sale.
Lot 2
29 Blackbird Hill, Kingsbury, London, NW9 8RS
Please note that the completion date for this property is 7th July 2011.
Lot 3
Unit 1A (i) & (ii), Stockton End, Middlefield Industrial Estate, Sandy, Bedfordshire, SG19 1RB
Please note that the completion date for this property is 7th July 2011.
Lot 4
23 Optima Park, Thames Road (A206), Crayford, Near Dartford, Kent, DA1 4QX
Please note that there is a 20 business day completion period with this property and not as stated in the auction catalogue. Please note that VAT is not applicable to this lot.
As to the tenancy and accommodation schedule, please note that the correct tenant name is Steadberry Ltd and not as stated in the auction catalogue.
Lot 5
Arundell House, 1 Farm Yard, Windsor, Berkshire, SL4 1QL
There is a service charge cap in the lease of the first floor. The initial service charge cap was £14,970 p.a. but this figure was omitted from clause 17 of the lease on completion.
Please note that there have been some amendments to the special conditions and transfer documents for this property. The revised special conditions and transfer documents have been made available in the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
Lot 7
Iceland, 74 Rye Lane & Holly Grove, London, SE15 5DQ
Please note that the correct address for the property is as above and not as stated in the auction catalogue.
For the purposes of clarification, please note that historically there was a sublease in place in relation to the rear warehouse on 4 Holly Grove. The seller’s solicitors cannot confirm whether the sublease is still in place following an enforcement notice which was served on the subtenant. For further information, please refer to the CPSE replies to enquires which are available in the legal documentation.
As to the warehouse fronting Holly Grove, please delete reference to a mezzanine storage area. Please note that Acuitus Ltd were not able to inspect the warehouse internally.
Lot 8
69 King William Street, London, EC4N 7HR
In accordance with the special conditions of sale and for the avoidance of doubt Condition A 5.5(b) applies which states “the deposit must be paid in pounds sterling by cheque or by bankers’ draft made payable to us (Acuitus Ltd) on an approved financial institution."
Lot 9
Units 1-5 Marlborough Trading Mews, Crockford Lane, Basingstoke, Hampshire, RG24 8NA
As to note 1 of the Tenancy Schedule, the information and website address for Basingstoke MOT & Servicing Centre Limited is incorrect. Basingstoke MOT & Servicing Centre Limited is a vehicle MOT and Servicing garage and a VOSA authorise testing facility based in Basingstoke. (Source: www.mot-basingstoke.co.uk)
Please note that a Wayleave Agreement has been completed between the seller and British Telecommunications plc. The agreement has been added to the legal documentation and is available for inspection.
As to the tenancy and accommodation schedule, please note that the approximate floor areas for each unit as stated in the schedule on page 21 of the auction catalogue are inclusive of first floor office accommodation.
Please note that there have been some amendments to the special conditions and transfer documents for this property. The revised special conditions and transfer documents have been made available in the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
Lot 10
10 Cornmarket, Thame, Oxfordshire, OX9 3DX
Please note that the completion date for this property is 7th July 2011.
Lot 12
Dolphin Bridge House, Rockingham Road, Uxbridge, Middlesex, UB8 2XL
As to the accommodation schedule, please note that the approximate floor areas are as follows and not as stated in the auction catalogue:
Floor | Use | Floor Area sq m | Floor Area sq ft |
Ground | Reception | 47.17 sq m | (508 sq ft) |
Ground | Office | 482.78 sq m | (5,197 sq ft) |
First | Office | 542.87 sq m | (5,843 sq ft) |
Second | Office | 542.87 sq m | (5,843 sq ft) |
Third | Office | 116.97 sq m | (1,259 sq ft) |
Total | 1,732.66 sq m | (18,650 sq ft) |
Please note that there have been some amendments to the special conditions and transfer documents for this property. The revised special conditions and transfer documents have been made available in the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
Lot 13
Unit 4, Stockton End, Middlefield Industrial Estate, Sandy, Bedfordshire, SG19 1QY
The boundary plan on page 26 of the auction catalogue does not correctly show the property being offered. The title plan, which is included in the legal pack, is available for inspection. The buyer will be deemed to have inspected the property and to have purchased with full knowledge thereof.
Please note that the completion date for this property is 7th July 2011.
Lot 14
Nando's Restaurant, 3 High Street, Bedford, Bedfordshire, MK40 1RN
As to the plan on page 27 of the auction catalogue, please note that 63 High Street is now occupied by Tesco Express and 19 High Street is occupied by Brand Centre. 30-32 and 51 High Street are currently unoccupied.
Please note that the completion date for this property is 14th July 2011.
Lot 15
1-6 Bell Corner, Corbets Tey Road, Upminster, Greater london, RM14 2AT
As to Unit 4 and the lease to Ladbrokes Racing Limited, please note that the 2011 rent review is outstanding. A copy letter relating to the forthcoming Rent Review is included within the Legal Pack. The Seller has and will take no action with regard to the Rent Review and it will be for the Buyer to deal with this on completion.
Please note that the boundary plan outlined on page 29 of the auction catalogue does not show the correct extent of the property being offered for sale. A correct title plan showing the correct extent of the property is available within the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
As to Unit 5 a letter has been received from the Tenant concerning the rent and has been included in the Legal Pack. The Seller has taken no action in connection with this matter and it will be for the Buyer to deal with this on completion.
Please note that VAT is NOT applicable to this lot.
Lot 16
2-18 Princes Street & 13 Mount Street, Stafford, Staffordshire, ST16 2BZ
Please note that the correct address for the property is as above and not as stated in the auction catalogue.
Heads of Terms have been agreed relating to a letting of 18 Princes Street to Cash Converters (UK) Limited. Draft documents have been circulated but exchange and completion will not take place prior to the auction date. Following the auction date, any progress will be discussed with the buyer.
As to the gas and electricity contracts at the above site, please note that the gas and electricity supplies for 18 Princes Street serve the vacant ground floor retail unit. All other supplies relate to the vacant upper floors. The gas contract for 1-3 Mount Street has not been renewed. A summary of these contracts are available within the legal documentation.
There is an individual employed by the seller relating to this property. A copy of the contract of employment is available from the website. Please note that the salary of the employee was increased on 1 April 2011 to £3,525.00 per annum.
Please note that there have been some amendments to the special conditions and transfer documents for this property. The revised special conditions and transfer documents have been made available in the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
Lot 17
Units 5-6 Buckingway Business Park, Anderson Road, Cambridge, Cambridgeshire, CB24 4AE
Please note that the lease provides for a tenant option to determine the lease on 22nd July 2018. Please note that the tenure being offered for sale is Virtual Freehold, Held for a term of 999 years from completion of the sale and not as stated in the key feature on page 32 of the auction catalogue.
Please note that the floor areas stated on page 32/33 of the auction catalogue are Gross Internal Areas.
Lot 18
Unit 5 Tyne Road, Middlefield Industrial Estate, Sandy, Bedfordshire, SG19 1SA
Please note that the completion date for this property is 7th July 2011.
Lot 19
Unit 2, Tyne Road, Middlefield Industrial Estate, Sandy, Bedfordshire, SG19 1RB
Please note that the completion date for this property is 7th July 2011.
Lot 20
Hanover House & Hanover Court, 19-20 Hanover Buildings, Southampton, Hampshire, SO14 1JH
As to the description paragraph and the tenancy and accommodation schedule on page 37 of the catalogue, please delete reference to residential accommodation in relation to Hanover Court. For the purposes of clarification please note that Hanover Court is not currently occupied and comprises a former nightclub.
Please note that the approximate gross internal floor area for 20 Hanover Buildings is 237.37 sq m (2,555 sq ft) and not as stated in the auction catalogue. Please delete reference to Designer Leather Outlet and Nosh Coffee Shop on the street trader plan on page 37.
Please note that there have been some amendments to the special conditions and transfer documents for this property. The revised special conditions and transfer documents have been made available in the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
Lot 21
Hanovia House, 28/29 Eastman Road, London, W3 7YG
Please note that the Special Conditions of Sale have been revised. Copies of the revised Special Conditions of Sale are available are contained in the legal pack which is available to view on the Auctioneers website. www.Acuitus.co.uk
Please note that a revised schedule of the licences is available with the special conditions of sale and in the legal pack. The revised total Gross Income is currently £109,920 per annum. A copy of the revised schedule is also available from the Information Desk in the Auction room.
Lot 22
The Ship & Shovell Public House, 1 Craven Passage, Strand, London, London, WC2N 5PH
Please note, the 2008 rent review is outstanding.
Please note that a six week completion is available on this lot.
Lot 23
Travelodge Aberdeen Airport & Zara's Restaurant, Aberdeen, AB21 0HW
As to note 9 of the tenancy and accommodation schedule, the tenant of the restaurant currently pays £50,000 p.a.x. This is due to increase on 28th June 2011, as per Note 5, to £60,764.43 p.a.x.
Lot 24
Focus DIY & Gardening, Unit 2 Bran Close, Swansea, Mid Glamorgan, SA7 9DE
Please note that this lot has been WITHDRAWN PRIOR to auction.
Lot 27
43 High Street, Grays, Essex, RM17 6NB
Please note that the Associate Auctioneer is Jeremy Hansen, 39 Rainville Road, London, W6 9HA, tel: 020 7386 9663, email: jerehansurveyor@aol.com and not as stated on page 46 of the auction catalogue.
Lot 28
68 Croydon Rd, Caterham, Greater London, CR3 6QD
Please note that the tenant, D P Realty Limited, is wholly owned by Domino´s Pizza UK & IRL plc. There are over 660 Domino´s Pizza stores throughout England, Scotland, Wales and Ireland. DP Realty is the corporate vehicle that takes leases from landlords. Virtually all Dominos stores are sublet to and operated by franchisees. The property is sublet to a franchisee that operates the business but all rents and other payments that may fall due are paid by D P Realty Limited, who has the head leaseholder.
For the year ending 27th December 2009, D P Realty Limited reported a Turnover of £12,213,000., pre tax profits of £133,000 and a Net Worth of £1,108,000. (Source: www.riskdisk.com 11.04.2011)
The parent company Domino´s Pizza UK & IRL plc., for the year ending 26th December 2010 they reported a Turnover of £188,149,000., pre tax profits of £24,065,000 and a net worth of £39,277,000. (Source: www.riskdisk.com 05.05.2011)
As to the lease of the first and second floors please note that the reversion date is 2136 and not 2016 as stated in the Tenancy and Accommodation schedule on page 47 of the auction catalogue.
Lot 30
55 Western Road & 21 Clarence Square, Brighton, East Sussex, BN1 2EB
Please delete reference to HMV as a nearby occupier on pages 50 and 51 of the auction catalogue.
Please note that the 9 residential leases for the upper parts of the above property are let at a fixed rent of £100 per annum exclusive each. The total current rent for the entire property is therefore £75,900 per annum exclusive and not as stated in the auction catalogue.
Lot 31
116 High Street, Watford, Watford, WD17 2BJ
Whilst we are able to confirm that there is a first floor and a basement at the property, no access could be gained to these areas on the date of our inspection. We are therefore unable to comment on the accuracy of the floor areas as stated in the auction catalogue and all buyers are deemed to have made their own enquiries in this regard.
Lot 32
Exchange House, Northern Road (A3), Portsmouth, Hampshire, PO6 6EA
The precise user clause in the Lease refers to "a telecommunications switch site with ancillary offices and car parking or such other use including Use Classes B1 B2 and B8 of the TCP (UC)Order 1987 as the Landlord shall approve (such approval not to be unreasonably withheld).
Lot 33
4-9 Hanover Buildings, Southampton, Hampshire, SO14 1JW
Please note that there have been some amendments to the special conditions and transfer documents for this property. The revised special conditions and transfer documents have been made available in the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
Lot 34
345 Fulham Palace Road, London, SW6 6TD
Please note that this lot is being offered On Instructions from Executors.
Lot 36
67/73 Park Street, Camberley, Surrey, GU15 3PE
Please note that the rent for the first floor office unit (Suite 1) let to Spring Personnel Limited stated on page 58 of the auction catalogue is inclusive of rates, insurance and service charge.
Lot 37
29 Market Place, Wokingham, Berkshire, RG40 1AP
Please note that this lot has been WITHDRAWN PRIOR to auction.
Lot 38
1-13 Union Street & 68-72 Week Street, Maidstone, Kent, ME14 1RJ
Please note that the approximate floor area for 70 Week Street (trading as William Hill) is 169.99 sq m (1,830 sq ft) and not as stated in the auction catalogue. Please delete reference to YMCA and Bradford & Bingley on page 61 of the auction catalogue. Please note that the tenant, Soft Furnishings Limited, are currently in occupation and are trading as Expressions.
Please note that the rent in respect of the William Hill lease will rise to £60,000 from 13th February 2013 and not 13th August 2013 as stated under note 2 of the tenancy and accommodation schedule on page 61 of the auction catalogue.
Please note that there have been some amendments to the special conditions and transfer documents for this property. The revised special conditions and transfer documents have been made available in the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
Lot 39
6, Gloucester Parade, Blackfen, Sidcup, Greater London, DA15 8PS
Please note that this lot has been WITHDRAWN PRIOR to auction. The property will be re-offered at a future auction.
Lot 43
31 Queensway, Crawley, West sussex, RH10 1EG
Please delete reference to Sony Centre Home Entertainment and British Bookshop Sussex Stationers Books on the street traders plan.
Lot 44
1A High Street, Camberley, Surrey, GU15 3QU
Please note that the tenants also occupy an area within the adjoining property which is outside of the demise being offered for sale. Please note that the boundary of the site plan on page 68 of the auction catalogue does not correctly identify the property being offered for sale. The title plan, which is included in the legal pack, is available for inspection. The buyer will be deemed to have inspected the property and to have purchased with full knowledge thereof.
Please delete reference to car parking to the rear of the property.
Lot 45
18 Sea Road, Bexhill on Sea, East Sussex, TN40 1ED
Please note that this lot has been WITHDRAWN PRIOR to auction. The property will be re-offered at a future auction.
Lot 46
210/216 High Street, Erdington, Birmingham, West Midlands, B23 6SJ
Please note that the boundary of the site plan on page 70 of the auction catalogue does not correctly identify the property being offered for sale. The title plan, which is included in the legal pack, is available for inspection. The buyer will be deemed to have inspected the property and to have purchased with full knowledge thereof.
Lot 47
Unit 1, Buckingway Business Park, Anderson Road, Swavesey, Cambridge, CB24 4AE
Please note that the floor areas stated on page 71 of the auction catalogue are Gross External Areas.
Please note that the 999 year lease has been revised. A copy of the lease is available for inspection in the legal pack in the auction room and from the seller’s solicitor in the auction room.