Acuitus 11/07/2019 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 11 July 2019

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

203 Wandsworth High Street, London, SW18 4JE

On completion the Buyer will contribute the sum of £1,000 plus VAT towards the Seller’s legal fees and £100.00 (including VAT) for the local authority search.

Lot 2

622 Lea Bridge Road, Leyton, London, E10 6AP

Please note that the attic referred to in the tenancy and accommodation schedule is a third floor and comprises approximately 16.27 sq m (175 sq ft) of ancillary accommodation. The approximate total floor area therefore should read 175.56 sq m (1,889 sq ft). Please note that the floor areas are provided for a use as a guide only and do not form part of the contract of sale.

Lot 3

38 / 39 Green Street, Cambridge, Cambridgeshire, CB2 3JX

Sold prior to auction.

Lot 5

B & M, Durham Road, Birtley, Tyne & Wear, DH3 2PF

The property has approximately 43 car parking spaces

Please note the approximate gross internal floor area in the tenancy and accommodation schedule and key details should state :-

Ground Floor 864.50 sq m (9,305 sq ft)
First Floor 80.50 sq m (867 sq ft)

Total 945 sq m (10,172 sq ft)

The floor areas provided are for use as a guide only and do not form part of the contract of sale.

Lot 7

14 & 14A Church Street, York, YO1 8BE

Please note shop no.14 t/a Milk Shack, the tenant should state “Individuals” and shop 14A t/a Casa Di Pasta, the tenant should state “Individual” and not as stated.

With regards to the Tenancy & Accommodation schedule and Footnotes 3 & 4, please note the following amendments

(3) Rent deposit of £12,971.98 held

(4) Rent deposit of £12,032.28 held

A six week completion is available on this lot

Please note No.14A has a basement which is not presently used and not inspected by the Auctioneers.

Lot 8

Travelodge Scotch Corner Skeeby, A1 Scotch Corner, Skeeby, Nr Richmond, DL10 5EQ

Sold Prior to Auction.

Lot 10

The Channel & Navigation of the Fossdyke Canal, Lincoln to Torksey, Lincolnshire, -

Please note that completion of this sale is 6 weeks from the contract date.

Lot 11

JD Norman Industries, Tutnalls Street, Lydney, Gloucestershire, GL15 5PX

A six week completion is available on this lot.

Please note the lease is subject to a schedule of condition.

Lot 13

204 Battlefield Road, Glasgow, G42 9HN

In the tenancy and accommodation schedule in the auction catalogue, please note that the lease is not subject to a guarantee from Integrated Dental Holdings Limited. The guarantor was discharged from their obligations under the lease further to the lease extension in 2012 and in line with the Deed of Variation - please see legal pack.

In respect of footnote (3) in the auction particulars, a Schedule of Condition was prepared at the commencement of the Lease in 2002. At lease commencement, although the current Seller was not the owner at the time, the Seller’s Solicitor understands that the then Landlord and the Tenant relied on a Survey Report as the Schedule of Condition, but that this was never transposed into the Lease.

Please note the property has the following approximate net internal floor areas and not as stated in the auction catalogue:

 

Ground Dental Practice 54.43 sq m (586 sq ft)
Basement Dental Practice 63.17 sq m (680 sq ft)
Total   117.60 sq m (1,266 sq ft)

 

The approximate floor areas are provided for a use as a guide only and do not form part of the contract of sale.

Lot 15

37 Broad Street, Reading, RG1 2AA

Withdrawn prior to auction

Lot 17

105 / 107 Queen Street, Cardiff, CF10 2BG

Withdrawn prior to auction.

Lot 18

101 / 103 Queen Street, Cardiff, CF10 2BG

Withdrawn prior to auction.

Lot 19

99 Queen Street, Cardiff, CF10 2BG

Withdrawn prior to auction.

Lot 20

97 Queen Street, Cardiff, CF10 2BG

Withdrawn prior to auction.

Lot 21

15 Savile Street, Kingston-upon-Hull, East Riding of Yorkshire, HU1 3EF

The tenants use the basement for storage of merchandise. The approximate net internal floor area for the basement is 57.29 sq m (616 sq ft), therefore the total approximate floor area is 205.93 sq m (2,216 sq ft) and not as stated on page 40 of the auction catalogue.

The floor areas provided are for use as a guide only and do not form part of the contract of sale.

Lot 22

197 Wandsworth High Street, London, SW18 4JE

The auctioneers have received correspondence from the manager of the Kip McGrath business operating from the property stating that the tenant is prepared and willing to sign a 10 year lease with a 5 year break clause. A copy of the correspondence is available within the legal pack.

On completion the Buyer will contribute the sum of £1,000 plus VAT towards the Seller’s legal fees and £100.00 (including VAT) for the local authority search.

Lot 24

21a High Street, Walton-on-Thames, Surrey, KT12 1DG

Sold prior to auction.

Lot 25

93 - 95 High Street, Billericay, Essex, CM12 9AS

As to the description on page 45 of the catalogue, the property includes a 5 room self contained flat on the first floor which is currently not occupied by the tenant.

Lot 29

Lysander House, Falcon Court, Preston Farm Industrial Estate, Stockton-on-Tees, TS18 3TX

Please note the current passing rent for Adult Placement Services Limited is £11,000 p.a.x and not as stated on the catalogue page. The lease provides fixed rental increases to £12,500 on 25/08/2019 and £14,000 on 25/08/2020. The seller has agreed to adjust the completion monies so that the unit will effectively produce £12,500 pa from completion of sale.

The total current passing rent for the property is therefore £34,875 p.a.x, rising to £36,875 p.a.x in August 2020.

With reference to note 2 of the tenancy and accommodation schedule, this should be amended to ‘the lease provides an option to determine on 29/02/2026 with 6 months notice’.

Lot 30

B & M, 5 Irwell Street, Bacup, Lancashire, OL13 0AD

Please note the approximate gross internal floor area in the tenancy and accommodation schedule and key details should state 1,019.19 sq m (10,970 sq ft).

There are approximately 76 car parking spaces and not as stated.

The floor areas provided are for use as a guide only and do not form part of the contract of sale.

Lot 31

18 Mitcham Road, Tooting, London, SW17 9NA

Please note that the approximate ground floor areas as stated in the auction catalogue include a small external store, circa 21 sq m (225 sq ft). The approximate floor areas are provided for a use as a guide only and do not form part of the contract of sale.

Lot 33

409 Stourport Road, Kidderminster, Worcestershire, DY11 7BG

With regards to the Schedule of Accommodation & Tenancies and the Key Details the tenant of Unit A is Kidderminster Vets 4 Pets Limited guaranteed by Vets4Pets Veterinary Group Limited and not as stated.

Please note the tenant at Flat E has given notice to quit on 7th August 2019. Correspondence dated 10th July 2019, from the letting agent for the vendor regarding the prospects of re letting and stating the level of rent and tenant demand, is available in the legal pack.

A six week completion is available to this lot

Lot 34

89 Queen Street, Cardiff, CF10 2BG

Withdrawn prior to auction.

Lot 35

91 Queen Street, Cardiff, CF10 2BG

Withdrawn prior to auction.

Lot 36

93 Queen Street, Cardiff, CF10 2BG

Withdrawn prior to auction.

Lot 37

95 Queen Street, Cardiff, CF10 2BG

Withdrawn prior to auction.

Lot 39

47-57 Promenade, Bridlington, North Yorkshire, YO15 2QE

Sold prior to auction

Lot 40

The Percy Arms, Percy Street, Newcastle upon Tyne, NE1 7RW

Withdrawn prior to auction.

Lot 41

Pennine Retail Park, Horton Street, Halifax, West Yorkshire, HX1 1QE

Sold prior to auction.

Lot 42

The White Horse Pub, Upper Portland Street, Aberystwyth, Ceredigion, SY23 2DT

Withdrawn prior to auction.

Lot 44

230 - 234 Battlefield Road, Glasgow, G42 9HN

Please note the property has the following approximate net internal floor areas and not as stated in the auction catalogue:

Ground Dental Practice 71.99 sq m (775 sq ft)
First Dental Practice 57.78 sq m (622 sq ft)
Total   129.77 sq m (1,397 sq ft)

  The approximate floor areas are provided for a use as a guide only and do not form part of the contract of sale.

Lot 45

Centralofts, 1 Waterloo Square, Newcastle-upon-Tyne, NE1 4AL

Please note the correct address is Centralofts, 21 Waterloo Street, Newcastle upon Tyne, Tyne & Wear NE1 4AL.

Please note he property includes the right to use 5 car parking spaces, in the basement car park and so far as the Seller is aware, the parking spaces remain as originally allocated, however, the Seller has not inspected so cannot confirm.

Both HM Courts Service and HM Probate Registry are in occupation.

Lot 46

15 / 16 Market Hill, St Ives, Cambridgeshire, PE27 5AL

A six week completion is available on this lot.

Lot 47

Unit 6 Riverside, 2 Office Village, Stoke on Trent, ST4 4RU

Sold prior to auction.

Lot 48

7 to 9 King Street, Southall, Greater London, UB2 4DF

As referred to in the special conditions of sale on completion the Buyer is to pay to the Receivers an additional sum of no more than £800 in respect of search fee expenses and an additional fee equivalent to 1.5% + VAT of the Purchase Price towards seller’s costs.

Lot 49

25 - 27 Commercial Street & 2 - 6 Park Street, Brighouse, West Yorkshire, HD6 1AF

Please note that the shop let to Fawcett Cards & Gifts Limited includes a small mezzanine area of approximately 95 sq ft and this approximate area is included in the floor areas stated in the auction catalogue. The floor areas are provided for a use as a guide only and do not form part of the contract of sale.

Lot 51

53 Warrington Street, Ashton-under-Lyne, Greater Manchester, OL6 7JG

Sold prior to auction.

Lot 52

The Vision, Chapel Street, Devonport, Plymouth, PL1 4GH

Withdrawn prior to auction

Lot 53

195 High Street, West Bromwich, West Midlands, B70 7QZ

A six week completion is available.

With regards to the tenancy and accommodation schedule the following amendment applies to the ground floor :-

Ground Floor Retail - 203 sq m (2,185 sq ft)
Ground Floor Ancillary - 17 sq m (183 sq ft)

The floor areas provided are for use as a guide only and do not form part of the contract of sale.

Lot 54

197 High Street, West Bromwich, West Midlands, B70 7QZ

A six week completion is available

Lot 55

199 High Street, West Bromwich, West Midlands, B70 7QZ

A six week completion is available

Lot 56

12, 14 & 16 Mill Street, Macclesfield, Cheshire, SK11 6LY

Withdrawn prior to auction

Lot 57

26 / 26a & 27 / 28 Baxter Gate, Doncaster, DN1 1LD

Please note a Terminal Schedule of Dilapidations has been served on The Body Shop International Limited, a copy of which is available in the legal pack. The Seller will take no further action.

Please note,The Body Shop International Limited is no longer trading from 27/28 Baxter Gate. The lease expires 31/08/2019

A six week completion is available to this lot.

Lot 58

52 High Street, Kettering, Northants, NN16 8SX

Withdrawn prior to auction.

Lot 59

80, 82 & 84 Main Street, Cambuslang, Glasgow, G72 7EP

’Please note the property has the following approximate net internal floor areas and not as stated in the auction catalogue:

Ground

Bar/Public House

73.11 sq m

(787 sq ft)

First

Former Restaurant

131.73 sq m

(1,418 sq ft)*

Total

 

204.84 sq m

(2,205 sq ft)

*Please note that part of the first floor was not measured by the Auctioneers and the approximate areas above exclude this area. The approximate floor areas are provided for a use as a guide only and do not form part of the contract of sale.

Lot 60

Flares Reflex, Morley Street, Bradford, West Yorkshire, BD7 1BW

Please note that completion of this sale is 30 working days from the contract date.

Lot 61

97 - 99 North Street and 14c Market Street, Forfar, Angus, DD8 3EY

As to Lot 61, 99 North Street and 14c Market Street Forfar, the approximate floor areas of the ground and basement floors are as follows and not as published in the auction catalogue,

Ground floor  Restaurant 80.12 sq m (862 sq ft)
Basement Ancillary 82.69 sq m (890 sq ft)
Total   162.81sq m (1,753sq ft)

The floor areas are provided for use as a guide only and do not form part of the contract of sale.

In addition the ground floor flat has been sublet by the restaurant tenant and has not been inspected.

Lot 62

376 Muir Street, Motherwell, North Lanarkshire, ML1 1BX

Please note the approximate floor area stated in the auction catalogue are gross internal areas and include toilets. The approximate floor areas are provided for a use as a guide only and do not form part of the contract of sale.

Please note the lease to William Hill Organization Limited is held on full repairing & insuring terms-please see lease.