Acuitus 09/07/2020 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 9 July 2020

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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Lot 1

31 High Street, Gosport, Hampshire, PO12 1DF

Please note the rent for the period 24th June to 29th September 2020, has been paid by the tenant.

The Gross Internal Area of the first floor is 100 sq m (1,076 sq ft)

At ground floor level there are two rear entrances, one entrance is opposite the staircase to the first floor.

Lot 2

54 North Street, Keighley, West Yorkshire, BD21 3SJ

Please note that completion of this sale will be 6 weeks from the date of the auction.

Lot 3

44, 44a and 44b Summerley Lane, Felpham, Near Chichester, West Sussex, PO22 7HX

Please note that the approximate floor areas as stated in the auction particulars are gross internal areas. The first floor office area as stated in the auction particulars includes a communal hallway which is shared with the flat occupier; the current approximate area occupied just by the office accommodation is approximately 28 sq m (300 sq ft).

Lot 4

35/35A High Street, Nairn, IV12 4AG

Sold prior to auction.

Lot 8

Former Gamet Bearings Facility, Hythe Station Road, Colchester, Essex, CO2 8LD

In respect of the approximate floor areas in the auction particulars, please note that the Property also benefits from an external store which measures approximately 50.47sq m (543 sq.ft), gross external.

Lot 9

NCP Car Park Southport Train Station, Southport, Merseyside, PR9 0TJ

Please note the tenant, National Car Parks Limited has paid the June 2020 quarters rent.

Lot 11

175 / 177 Holloway Road, London, N7 8LX

Please note an unsigned and undated lease has been provided by the occupier to the Receivers and is available for inspection in the legal pack. The lease is between SMB INC Limited (Landlord) and Bartletts Wholesale Limited (Tenant) for 10 years at an initial rent of £55,000 per annum”

The Receivers have received email correspondence from Bartletts Wholesale Limited confirming the terms of this unsigned & undated lease are agreed, between SMB INC Limited and Bartletts Wholesale Limited.

Lot 12

8 & 8a Cross Street, Woodhouse, Sheffield, South Yorkshire, S13 7JR

Please note that, for the avoidance of doubt, only the residential rents are inclusive of rates, gas & water bills, and not the rent being paid by S.A. Evison. Therefore footnote (2) in the auction particulars does not apply to the rent being paid by the Butcher. Please note that part of the residential accommodation is arranged on the second floor.

Lot 16

18 London Street, Southport, Merseyside, PR9 0UE

Withdrawn prior to auction.

Lot 18

Florence Walk, Bishops Stortford, Hertfordshire, CM23 2NZ

Sold prior to auction.

Lot 19

9-10 High Street, Dingwall, Highland, IV15 9HL

Sold prior to auction.

Lot 20

North Downs Golf Club, Northdown Road, Woldingham, Caterham, Surrey, CR3 7AA

Correspondence has been received by the Seller from the Chair of the Planning Policy committee of Tandridge District Council. A copy of the correspondence is available in the legal pack.

The interest being offered for sale is the freehold property being land on the south side of Church Road, land lying to the east of Southfields Road and North Downs Golf Club Southfields Road Woldingham Caterham registered at HM Land Registry with title absolute under title numbers SY230874 SY577683 and SY763548 respectively and the leasehold land being land on the east side of Northdown Road Woldingham Caterham registered at the Land Registry with good leasehold title under title number SY764489, collectively known as North Downs Golf Club Northdown Road Woldingham Caterham CR3 7AA together with the business of the North Downs Golf Club (“the Business”) and NOT the company Safegolf Limited (registered in England and Wales under company number CRN 3818422.) as stated in the previous addendum to the auction catalogue. However, the company Safegolf Limited may be available to the Buyer under a separate negotiation.

Lot 22

The Imperial, Darwall Street, Walsall, West Midlands, WS1 1DA

Sold prior to auction.

Lot 23

22 King Edward Street, Kingston upon Hull, East Riding of Yorkshire, HU1 3SS

The Seller has agreed a rent concession of 30% and for the tenant to pay the June quarters rent monthly. However, The Seller will on Completion make an allowance to the Buyer in a sum the equivalent to the rent that would have been paid in the absence of the rent concession. Therefore the property will produce £27,500 per annum exclusive from completion of the sale. The concession by the landlord is for the June quarter only. The tenant has agreed to pay the September quarter’s rent in full.

The Buyer agrees to be bound by the Sellers rent concession and to indemnify the Seller against any breach of such rent concession by the Buyer

Lot 25

Former M&S, 139 High Street, Stockton-on-Tees, TS18 1LW

With regards to the street traders plan 136/137 High Street is vacant and not as stated. Please delete reference to the floor areas in the auction particulars, and replace with the below areas from VOA. The floor areas provided are for use as a guide only and do not form part of the auction contract:

Floor Area (sq m) Area (sq ft)
Ground 1,734.56 (18,671)
First 1,627 (17,513)
Second 189.43 (2,033)
Total 3,550.99 (38,217)

Lot 28

Land at Wolverhampton Road, Birchley Island, Oldbury, West Midlands, B69 2AG

With regards to the Compulsory Purchase Order ("CPO") referred to in the Local Authority Search, please see correspondence in the legal pack, from Sandwell Council confirming the CPO does not include the property to be sold.