Acuitus 18/10/2018 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 18 October 2018

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
32 Gloucester Road, Ross-on-Wye, Herefordshire, HR9 5LF
Please remove reference to a garden. The property benefits from space to park 7 cars in tandem.
Lot 2
55 Market Place, Richmond, North Yorkshire, DL10 4JH
The Property is currently undergoing improvement works, at the tenant’s expense, to include external improvement to doors and windows, internal improvement to include ceiling tile replacement, decorations and windows and banking hall works to include re-applying wall coverings and decorations to walls and woodwork. Planning Permission and Listed Building consent was granted on 27th September 2018 to undertake these works and a full list of improvements can be found at Richmondshire District Council website (www.planning.richmondshire.gov.uk).
Please note there is car parking for about 7 cars to the rear and not as stated in the auction particulars. The second floor of the property is a former staff flat and not offices as stated in the auction particulars.
Lot 3
2 Market Place, Wymondham, Norfolk, NR18 0AP
Please note that the first floor accommodation referenced in the tenancy and accommodation schedule and in the description paragraph on page 13 of the auction catalogue should refer to basement accommodation and not first floor accommodation.
Lot 4
119a High Street, Marlborough, Wiltshire, SN8 1LZ
Please delete reference to NatWest Bank as a nearby occupier.
Lot 8
127 High Road, Ilford, Greater London, IG1 1DE
The first and second floor ancillary accommodation are self contained and to which the only access is via an external staircase at the rear of the property. The upper parts may be suitable for residential conversion, subject to consents.
Lot 9
1 Pate Road, Leicester Road Industrial Estate, Melton Mowbray, LE13 0DG
With regards to footnote (3) please note the 2022 rent review is to the Open Market Rental Value but not to exceed £87,000 per annum.
Lot 11
10 Birmingham Road, Sutton Coldfield, West Midlands, B72 1QQ
Sold prior to auction.
Lot 12
12 & 12a Birmingham Road, Sutton Coldfield, West Midlands, B72 1QQ
Sold prior to auction.
Lot 13
14 - 14d Birmingham Road, Sutton Coldfield, West Midlands, B72 1QQ
Sold prior to auction.
Lot 14
16 Birmingham Road, Sutton Coldfield, West Midlands, B72 1QQ
Sold prior to auction.
Lot 15
18 - 20 Birmingham Road, Sutton Coldfield, West Midlands, B72 1QQ
Sold prior to auction.
Lot 16
22 - 24 Birmingham Road, Sutton Coldfield, West Midlands, B72 1QQ
Sold prior to auction.
Lot 17
26 - 28 Birmingham Road, Sutton Coldfield, West Midlands, B72 1QQ
Sold prior to auction.
Lot 18
30 - 38 Birmingham Road, Sutton Coldfield, West Midlands, B72 1QQ
Sold prior to auction.
Lot 20
191/193 High Street, Southend- on - Sea, Essex, SS1 1LL
The boundary plan on page 31 of the auction catalogue does not accurately identify the property to be sold. The rear boundary should extend further back. Please refer to the title documents available in the legal pack.
As to the tenancy and accommodation schedule, please note the basement at 191 High Street of 80 sq m (861 sq ft) is not demised to Savers Health and Beauty Limited.
The basement area at 193 High Street is demised to Savers Health and Beauty Limited is 77 sq m (828 sq ft) and not as stated.
The Total Commercial Area is 387 sq m (4,165 sq ft).
With regards to the street traders plan, please delete reference to Post Office and note 177-179 now trades as Doner Kebab.
Lot 23
Rowland Hill Shopping Centre, Vicar Street, Kidderminster, Worcestershire, DY10 1DE
As to the Tenancy and Accommodation schedule on page 35 of the Auction catalogue please note the following.
• Unit 5 is currently occupied by SM Electronics Limited at a current rent of £5,000 per annum
• As to unit 18b, the lease started on 1st March 2013 and not as stated.
• The total rents reserved is £342,000 per annum and not as stated.
Lot 24
11-12 Fore Street, Ivybridge, Devon, PL21 9AB
Sold prior to auction.
Lot 25
21 Market Place, Gainsborough, Lincolnshire, DN21 2BU
Please remove reference to Natwest in the bullet points and situation paragraph on page 37 of the auction catalogue. The property also provides ancillary basement accommodation.
Lot 26
Merrington Lane Industrial Estate, Spennymoor, County Durham, DL16 7XL
Please note the photograph of the office accommodation on the bottom left hand side of page 38 of the catalogue page does not form part of the sale. The photograph of the single industrial unit on page 38 of the catalogue page, occupied by DS Smith, is a tenants improvement.
DS Smith Corrugated packaging Limited has requested to assign their lease by way of an authorised guarantee agreement to DS Smith Foams UK Limited, a subsidiary of DS Smith (UK) Limited. Please refer to the legal pack for further information.
Note 4 of the tenancy and accommodation schedule is not correct. The vendor and PS Managed Solutions Limited have entered into a tenancy at will which is available in the legal pack. The tenancy at will provides for PS Managed Solutions to occupy the unit at a rent of £8.14 per day (inclusive of service charge and insurance) (subject to increase in accordance with the terms of the tenancy at will) and bear full rates liability for the unit. Please refer to the legal pack for further information. The tenant is in occupation of the unit. The vendor and tenant have agreed additional rent payable of £3,500 p.a. pursuant to the tenancy at will from 24 June 2018 and the tenant will expand to 12,000 feet.
Lot 28
17 The Marsh, Hythe, Southampton, Hampshire, SO45 6ZB
Please delete reference to NatWest Bank and Subway as nearby occupiers. Please delete reference to car parking to the rear
Lot 31
Castleton Court and Transtech House, Fortran Road, St Mellons, Cardiff, CF3 0LT
The lease in respect of Unit 5b contains a tenant’s option to break. Please refer to the lease within the legal pack.
The auctioneers did not inspect Units 1, 6 and 8a/8b of Castleton Court. Please remove reference to Lloyds Bank as an occupier on the business park in the situation paragraph on page 45 of the auction catalogue.
Lot 35
22 Cheapside, Lancaster, LA1 1LZ
The tenant is not currently in occupation of the property.
Lot 36
158 Fenwick Road, Giffnock, Glasgow, G46 6XW
Withdrawn prior to auction.
Lot 41
69-71 Week Street, Maidstone, Kent, ME14 1QY
Please note the approximate floor area should read 273.13 sq m (2,940 sq ft), and not as stated in the auction catalogue. The property benefits from loading via a side access via St Faiths Street and not from the rear.
Lot 42
44a Selby Road, Wykebeck, Leeds, West Yorkshire, LS9 0JH
In the Tenancy & Accommodation schedule, please note the lease to Martin McColl Limited expires on 17/11/2034 and not 17/11/2032 as stated in the auction catalogue.
Please note the first floor is not voided. Please note the property has the following approximate gross internal floor areas, although at the time of our inspection, please note the Auctioneers were unable to inspect all of the first floor:
Floor | Use | Floor Areas (Approx) | |
---|---|---|---|
Ground | Retail | 279.63 sq m | (3,010 sq ft) |
Ancillary | 229.93 sq m | (2,475 sq ft) | |
First | Ancillary | 298.67 sq m | (3,215 sq ft) |
Total | 808.23 sq m | (8,700 sq ft) |
Lot 46
30 Queen Victoria Street, Reading, RG1 1TG
The following note should have been contained within the particulars on page 65 of the auction catalogue:
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Lot 48
15 Market Square, Biggleswade, Bedfordshire, SG18 8AS
Sold prior to auction.
Lot 49
26 Market Place, Sleaford, Lincolnshire, NG34 7SB
The basement accommodation is accessed via a hatch only.
Lot 52
336 - 340 High Road, Harrow Weald, HA3 6HT
The property is let to Individuals trading as Discount Direct and not as stated in the Tenancy and Accommodation schedule on page 73 of the Auction catalogue.
The bullet point on the top of page 72 of the Auction catalogue should read “Freehold Retail Investment” and not as stated.
The area of the first floor is approximately 131.40 sq ( 1414 sq ft ) and not as stated in the Tenancy and Accommodation schedule on page 73 of the auction catalogue. The total approximate floor area is 476 sq m (5123 sq ft) as stated in the Tenancy and Accommodation schedule.
Lot 53
69-77 Week Street, Maidstone, Kent, ME14 1RJ
The property benefits from loading via a side access via St Faiths Street and not from the rear.
Lot 54
90-96 East Street, Bedminster, Bristol, BS3 4EY
Please remove reference to Argos in the bullet points and within the situation paragraph on page 75 of the auction catalogue. The ground floor provides retail and ancillary accommodation. The property provides basement storage accommodation of approximately 578.73 sq m (6,229 sq ft). The total floor area for the property is therefore 2,031.81 sq m (21,870 sq ft).
Lot 56
52 Market Place, Boston, Lincolnshire, PE21 6LU
Please note that as referenced by the Deed of Variation dated 6th July 2018, the next rent review is on 25th March 2023 and not as stated in the auction catalogue.
Please note that the refurbishment works are due to complete on November 5th.
Please note the mezzanine level is not accessed from the rear of the Property. Please note the approximate floor areas should read as follows and not as stated in the auction catalogue:
Floor | Use | Floor Areas (Approx) | |
---|---|---|---|
Ground | Banking Hall/Ancillary | 236.89 sq m | (2,550 sq ft) |
Basement | Ancillary | 19.50 sq m | (210 sq ft) |
Mezzanine | Ancillary | 10.68 sq m | (115 sq ft) |
First | Offices/Ancillary | 158.86 sq m | (1,710 sq ft) |
Second | Ancillary | 160.71 sq m | (1,730 sq ft) |
Total | 586.65 sq m | (6,315 sq ft) |
Lot 57
12-14 Park Street, Walsall, West Midlands, WS1 1NG
Please note on the street trader’s plan in the auction catalogue that 53 Park Street, forming part of The Saddlers Shopping Centre, is not currently occupied.
Lot 58
Unit 3 Winnersh Fields Business Park, Gazelle CLoe, Winnersh, Berkshire, RG41 5HH
Please note the commencement of the lease Term is from and including 1/11/2011 and not as stated
Lot 61
Pydar Mews, Truro, Cornwall, TR1 2UX
As to unit 9, a new lease for a term of 6 years from 28th September 2018 until 27th September 2024 at an initial rent of £5,400 per annum exclusive has been completed. The new tenant is an individual and will trade as a Beautician. The lease provides for a tenant option to determine the lease on 28th September 2021. Therefore, the property now produces a total rent of £60,175 per annum exclusive and not as stated on pages 82 and 83 of the Auction catalogue.
Lot 62
Units 1 - 4, 44 - 52 High Street, Hounslow, Greater London, TW3 1NW
The bullet point on the top of page 84 of the Auction Catalogue should read “Virtual Freehold Retail and Leisure Investment” and not as stated.
As to unit 4, the guarantor Viva Fitness Solutions Limited were dissolved on 28th November 2017”
The tenant of Unit 1 has assigned the lease to UK Trade Zone Limited (CRN10194963) who is currently fitting out the unit 1.
As to unit 4, the tenant, Shoreditch Solutions Limited has written to the Seller advising that the tenant would like to renegotiate a new lease. A copy of the letter and the Seller’s response is available to view within the Sellers legal pack.
Lot 63
Putney Wharf Management Office, 14 Brewhouse Lane, Putney Wharf, Putney, London, SW15 2JX
Please note that the floor areas as stated on page 86 of the auction catalogue are approximate gross internal areas.
Lot 64
33 - 34 Fore Street, Trowbridge, Wiltshire, BA14 8EW
The ground floor provides retail and ancillary accommodation.
Lot 68
Wilko, Units 1 - 3, 7,9 & 11 Salter Row, Pontefract, West Yorkshire, WF8 1BA
Please delete all references to New Look being a neighbouring occupier in the bullet point, Situation paragraph and street trading plan on page 92 of the auction catalogue.
Lot 70
725 Capability Green Business Park, Luton, Bedfordshire, LU1 3LU
With regards to the tenancy and accommodation schedule and footnote (2) on page 95 of the auction, please note the CBRE Managed Services Limited option to break is 29th July 2019 not as stated.
With regards to Footnote (4) if Kids II (UK) Ltd, do not exercise the break option in 2023 then a 6 month rent free period applies.
Lot 72
68 Highgate, Kendal, Cumbria, LA9 4HE
Please note that the lease to St John’s Hospice Shops Limited is subject to a tenant only option to determine on 23rd August 2021.
Lot 75
BHF, 37 Blandford Street, Sunderland, Tyne and Wear, SR1 3JH
The lease is for a term of 10 years from 01/09/2017 until 30/08/2027 with a rent review and tenant option to determine on 01/09/2022, and not as stated on page 100 of the auction catalogue
Lot 76
36 High Street, Ramsgate, Kent, CT11 9AG
The ground floor is used for Retail and ancillary accommodation and not as stated in the tenancy and accommodation schedule on page 101 of the auction catalogue.
Lot 77
Government Buildings, Castle Street, Merthyr Tydfil, Wales, CF47 8TX
Please note VAT is NOT applicable to this lot and not as stated on page 102 of the auction catalogue.
With regards to the street traders plan the following amendments apply:-
115 High Street – Mind
68 High Street – Hair Salon
Vacant office/business opposite the property on Castle Street trades as Iron Dragon
Lot 78
Bank House, 72 - 82 Church Street, Eccles, Manchester, M30 0DA
Please note VAT is NOT applicable to this lot and not as stated on page 103 of the auction catalogue.
With regards to the Part first floor the use is Staff/Ancillary and not as stated
Lot 79
17 Carlis Road, Kirkby, Liverpool, Merseyside, L32 6QS
Please note the approximate floor area as stated in the auction particulars are gross internal.
Lot 80
2 Land of Green Ginger, Kingston-upon-Hull, East Yorkshire, HU1 2EA
Please note that the commercial unit is on ground floor only and comprises a total of 87.50 sq m (942 sq ft) accommodation and not as stated on page 105 of the auction catalogue. The 2 x two bedroom residential flats on the upper floors have not been measured and are accessed via an entrance way to the side of the property, over which two residential flats in the adjoining building also have rights of access. Please refer to the legal pack for further information.
Lot 82
35 High Street, Cheadle, Staffordshire, ST10 1AS
Please note that the lease was granted on 20th June 2007 to Barclays Bank Plc, company number 1026167. However, the Land Registry leasehold title (SF529654) shows the registered proprietor to be Barclays Bank UK Plc (company number 09740332); this is documented in the legal pack provided, and is a change made with the approval of the Seller.
Lot 84
128 Worplesdon Road, Guildford, Surrey, GU2 9RT
Please note the approximate floor area of the part let to Ladbrokes a stated in the auction catalogue is a gross internal area, with an approximate net internal floor area of 85.93 sq m (925 sq ft).
Lot 85
7 the Circle, Tredegar, Gwent, NP2 3PS
With regards to the Description paragraph and the Tenancy and Accommodation schedule, the basement is not used and a room at the rear of the ground floor is also not used. Both these areas not inspected by the auctioneers.
Lot 87
Market Walk Shopping Centre, Northampton, Northamptonshire, NN1 2DP
The Special Conditions of Sale provide for the Buyer to pay the Seller on the actual completion date a sum equal to arrears under any of the tenancies and for the Seller to assign to the Buyer the right to recover such arrears from the relevant tenants. An arrears report is available within the legal pack. The Buyer will not be required to pay any arrears due to the landlord of the Grosvenor Shopping Centre under the terms of the Lease of Rights referred to in the Special Conditions.
Lot 91
17/23 Bank Street & 1-3 Anderson Street, Airdrie, Lanarkshire, ML6 6AF
As to lot 91, please note that the total net floor area of the property is 988 sq m (10,635 sq ft) as stated in the tenancy schedule and not as detailed in the bullet points on page 117 Of the auction catalogue.
Lot 92
77-81 George Street, Altrincham, Greater Manchester, WA14 1RN
The tenant of Unit 81 is currently in the process of fitting out the unit, and as a result the auctioneers did not gain access. The approximate floor area for Unit 77-79 is as follows and not as stated on page 118 of the auction catalogue. The total floor area for the entire property is therefore 589.92 sq m (6,350 sq ft).
Floor | Use | Sq M | (Sq Ft) |
---|---|---|---|
Ground/First | Retail/Ancillary | 317.63 sq m | (3,419 sq ft) |
Lot 94
Parkfield, Greaves Road, Lancaster, Lancashire, LA1 4TZ
Please note the Administrators have received correspondence dated 15th October 2018 from the tenant, HW Communications Limited stating it intends to terminate its lease from the 30th Nov 2018. The Administrators are not aware of and dispute that the tenant has grounds to terminate the lease. The Administrators replied to the tenant''s letter on 16 October 2018. Copy correspondence is available for inspection with the legal pack. Interested parties will not raise any requisitions here on.
Lot 95
9 High Street, Lampeter, Dyfed, SA48 7BQ
The Residential maisonette on the first and second floors has been sublet by Lloyds TSB Bank plc.
Lot 96
4 Institute Lane, Alfreton, Derbyshire, DE55 7BQ
Please delete footnote (2) under the tenancy and accommodation schedule on page 122 of the auction catalogue. For clarity the tenant option to determine the lease in September 2020 has been removed. The tenant will therefore be bound under the terms of the lease until 16th September 2025.
Lot 98
90 - 96 Union Street, Torquay, Devon, TQ2 5PY
Sold prior to auction.
Lot 99
67 High Street, Brownhills, Birmingham, West Midlands, WS8 6HJ
The auctioneers have not inspected the property internally.
Lot 101
166/167 High Street & 12 John Street, Ryde, Isle of Wight, PO33 2HW
Withdrawn prior to auction.
Lot 103
CPL Depot, Ware Road, Widford, Ware, Hertfordshire, SG12 8RL
Sold prior to auction.
Lot 106
16, 18 & 20 High Street, Redcar, Cleveland, TS10 3DU
Sold prior to auction.
Lot 107
26 - 28 Albert Road, Widnes, Cheshire, WA8 6JA
The property comprises accommodation as detailed below and not as stated in the Tenancy and Accommodation schedule on page 133 of the Auction catalogue.
Floor | Use | Sq m | Sq ft |
---|---|---|---|
Ground | Retail | 98.85 | 1064 |
First | Tanning studio | 94.56 | 1017 |
Total | 193.41 | 2081 |
Lot 115
138 - 140 Fenwick Road, Giffnock, Glasgow, G46 6XW
Withdrawn prior to auction.
Lot 117
17 New Street, Lancaster, Lancashire, LA1 1EG
Please note the Third Floor is not used
Lot 119
Nova House, Forres Enterprise Park, Forres, Nr Inverness, Highland, IV36 2AB
Please note VAT is NOT applicable to this lot and not as stated on page 145 of the auction catalogue.
Lot 120
80 Castle Street, Forfar, Angus, DD8 3AA
Withdrawn prior to auction.