Acuitus 28/10/2020 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 28 October 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 £1,500+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 February 2026.

Lot 1

299 Chiswick High Road, Chiswick, London, W4 4HH

The Special Conditions of Sale provide for the Buyer to pay to the Seller in addition to the purchase price a sum of £1600 plus VAT as a contribution towards the Seller’s legal costs.

As to footnote (1) under the tenancy and accommodation section in the auction particulars, the March 2020 Rent Review has now been settled and the rent has increased from £18,000 p.a.x to £24,000 p.a.x. A copy of the signed rent review memorandum is available to download from the legal pack.

Lot 2

20 Kirkdale Road, London, E11 1HP

Please note that completion of this sale is 30 business days after the Contract Date.

Lot 3

21 Kirkdale Road, London, E11 1HP

Please note that completion of this sale is 30 business days after the Contract Date.

Lot 4

22 Kirkdale Road, London, E11 1HP

Please note that completion of this sale is 30 business days after the Contract Date.

Lot 5

23 Kirkdale Road, London, E11 1HP

Please note that completion of this sale is 30 business days after the Contract Date.

Lot 6

1 and 1A Brooke Parade, High Road, Chigwell, Essex, IG7 6PE

The property will produce £33,000 per annum exclusive from completion of the sale and not £30,000 per annum exclusive as stated in footnote (4) under the Tenancy and Accommodation schedule in the auction particulars.

Internal photographs showing the extent of the tenants fit out have been uploaded to the Acuitus website.

Lot 7

11-13 Silver Street, Bedford, Bedfordshire, MK40 1SY

In respect of footnote (1), please note the reversionary lease to Waterstones Booksellers Limited completed on Friday 23rd October, on the terms set out in the Tenancy & Accommodation schedule in the auction particulars. A copy of the completed lease is in the Legal Pack.

The Auctioneers cannot guarantee the up to date position regarding occupiers on the street traders plan in the auction particulars but can confirm that Marks & Spencer, River Island and Virgin Media, as shown on the street traders plan, are no longer in occupation.

Lot 9

Lathom Road Medical Centre, 2a Lathom Road, East Ham, London, E6 2DU

The property comprises accommodation as detailed below and not as stated in the tenancy and accommodation schedule of the Auction particulars. The approximate floor areas provided below are for use as a guide only and do not form part of the auction contract

Floor Use Sq m Sq ft
Ground Surgery 120.47 1297
First Surgery 55.38 596
Second Office 23.35 251
Total   199.20 2144

The property intercommunicates at ground floor level with 152 High Street North which currently operates as a Pharmacy. Please delete the reference to “Full repairing and insuring lease” in the tenancy and accommodation schedule of the auction particulars.

Lot 10

14/15 D'Arblay Street, Soho, London, W1F 8DZ

Sold prior to auction.

Lot 11

Spitalfields Day Nursery and Pre-School, 21 Lamb Street, Spitalfields, London, E1 6EA

Please note that the existing occupational lease to Bright Horizons Family Solutions Limited, as detailed in the auction particulars, has been surrendered and a new lease has now completed. The new lease still expires on 31st May 2028 , but the rent is subject to a minimum fixed rental uplift at the rent review in June 2023 to £80,000 pax (or passing rent x RPI, whichever is the higher). The current rent until the rent review in June 2023 remains at £61,352.80 pax. The mutual break option in June 2023 has now been removed, meaning term certain until 31st May 2028, and the new lease is drawn inside the Security of Tenure provisions of the Landlord & Tenant Act, 1954. A copy of the new lease is included in the Legal Pack.

Lot 13

101 Mostyn Street, Llandudno, Conwy, LL30 2PD

Please note that the approximate first floor accommodation should read 232 sq m (2,497 sq ft) and not as stated in the auction particulars. The total approximate area therefore should read 770.28 sq m (8,291 sq ft), and not as stated. 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

44-46 Middle Street, Yeovil, Somerset, BA20 1LX

With regards to the Particulars and Footnote (3) the lease extension has been signed. A lease extension dated 23rd October 2020 from 28th November 2024 to 27th May 2025 has been completed. A copy of the lease extension dated 23rd October 2020 and deed of variation, are available for inspection in the legal pack.

With reference to the Situation paragraph and Street Traders Plan in the Particulars, reference to River Island should be deleted. 43, 49 & 60 Middle Street are vacant. 14/16 trades as Miles Morgan Travel and 28 as Beauty Mix Salon.

Lot 16

Units 1-12 Site C, Lakeside Business Park, South Cerney, Cirencester, Gloucestershire, GL7 5XL

For the avoidance of doubt, the Tenure to be sold, is 999 years from the 7th March 2005. A copy of the lease is available for inspection in the legal pack. Please note the property is subject to an Estate Service Charge, please refer to the lease dated 7th March 2005. The Vendor paid £ 232.67 towards the Estate Road upkeep for the period 1st Jan 2019/31st Dec 2019 and a copy of this cost is available for inspection in the legal pack. With regards to the Tenancy & Accommodation Schedule the following floor area amendments apply. The floor areas provided are for use as a guide only and do not form part of the auction contract.

Unit Floor Use Sq m Sq ft
7 and 8 Ground
Mezzanine
Industrial
Ancillary
190.26
96.36
(2,048)
(1,037)
9 Ground
Mezzanine
Industrial
Ancillary
92.27
45.66
(993)
(492)
10 Ground
Mezzanine
Industrial
Ancillary
92.27
45.66
(993)
(492)
11 Ground
Mezzanine
Industrial
Ancillary
117.51
60.95
(1,265)
(656)
12 Ground
Mezzanine
Industrial
Ancillary
- -
1-6 Ground
Mezzanine
Industrial
Ancillary
- -
  Total   740.94 (7,976)

Lot 17

35 High Street, Wimbledon Village, London, SW19 5BY

Notwithstanding the terms of the Lease, the Tenant has entered into a private arrangement with the Landlord to pay the rent monthly since March 2020. There are currently no rent arrears.

Lot 18

25-27 Tavern Street, Ipswich, Suffolk, IP1 3AD

Withdrawn prior to auction.

Lot 19

Stuart Hotel, 74 Stuart Street (A505) and 37 Upper George Street, Luton, Bedfordshire, LU1 2SW

There is an electricity substation on the property that is let to The Eastern Electricity Board for a term of 63 years from 1st January 1964 at rent reserved of £1 per annum exclusive. A copy of the lease is available within the legal pack. The Stuart Hotel comprises accommodation as detailed below and not as stated in the Accommodation and tenancy schedule in the auction particulars.

Floor Use Sq m Sq ft
Lower Ground Entrance and ancillary 144.70 1557
Ground Reception and Lounge 349.80 3765
First Hotel Rooms including corridors 550.00 5920
Second Hotel Rooms 554.10 5964
Third Hotel Rooms 552.70 5949
Stuart Hotel Total    2,151.30  23,155
Unit 37a & b Retail 471.90 5080
Unit 37c Retail 117.99 1270
Total Approximate Floor Area   2741.19 29,505

The approximate floor areas provided above are for use as a guide only and do not form part of the auction contract. Floor plans for the entire property are available in the legal pack The property also comprises 15 car parking spaces and two retail units as detailed in the auction particulars.

Lot 20

White Rose Shopping Centre, High Street, Rhyl, Denbighshire, LL18 1EW

Sold Prior to Auction

Lot 21

8-10 Bridlesmith Gate, Nottingham, Nottinghamshire, NG1 2GS

Withdrawn prior to auction.

Lot 24

97-99 West Street, Fareham, Hampshire, PO16 0AS

Please note that the orange arrow on the photograph in the auction particulars does not accurately represent the extent of the freehold ownership of the Property. Please see the Title Plan in the Legal Pack for confirmation of the extent of the Seller’s freehold ownership.

Lot 26

42, 44, 46 & 48, Cheapside, Barnsley, South Yorkshire, S70 1RU

Please note the rent to CA Raison Optica Limited is £50,000 per annum exclusive.

The Total Rent for Lot 26 should therefore read £178,500 per annum exclusive and not as stated.

With regards to the Tenancy and accommodation schedule the following amendments apply :-

Unit 46 is let to CA Raison Optica Limited for a term of 15 years from 26th August 2008 subject to a lease extension from 26th August 2023 to 25th August 2028 at £50,000 per annum. The is no rent review in 2023.

Unit 48 is let to Telefonica UK Limited for a term of years from 5th August 2018 expiring 25th April 2024. The option to determine is subject to a penalty payable by the tenant of £10,875.

Unit 48 – Ground floor Retail – 66.91 sq m (720 sq ft) First Floor Ancillary – 27.58 sq m (297 sq ft)

Total Floor Area – 407.53 sq m (4,387 sq ft)

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

With regards to the street traders plan, 20/22 Cheapside is vacant.

Lot 27

Harry Ramsden's, 11-12 Marine Parade, Great Yarmouth, Norfolk, NR30 3AH

Withdrawn Prior to Auction With regards to the Key Details, Tenancy and Accommodation schedule and Description, please note the following amendments apply :-

  Use Sq m Sq ft
Basement Restaurant and Ancillary 126.68 (1,363)
Ground Restaurant and Ancillary 280.46 (3,019)
First Restaurant, Ancillary and part Not used 202.55 (2,180)
Second Not used 94.39 (1,016)
Third Not used 15.76 (170)
Total   719.84 (7,748)

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

Lot 28

97-98 Westborough, Scarborough, North Yorkshire, YO11 1LD

Please note that Waterstones also trade from the first floor. The property includes a small third floor accessed through trap door and not measured by the Auctioneers.

Lot 29

13-15 Fleet Street, Orrell, Wigan, Greater Manchester, WN5 0DU

Withdrawn Prior to Auction.

Lot 30

10 Northgate Street, Gloucester, Gloucestershire, GL1 1SE

With regards to the tenancy and accommodation schedule, the Reversion is 23/10/2022 and not as stated.

The Second & Third Floors are not used by the tenant. These floors are accessed via wooden staircases through hatch openings.

The property is Grade II Listed.

Reference to Yorkshire Bank should be deleted.

Lot 31

Unit 2, Craighall Road, Edinburgh, EH6 4QS

Withdrawn prior to auction.

Lot 32

3 Roseland Hall, Grangemouth, FK3 8WJ

Withdrawn prior to auction.
As to lot 32, please note that the licences to Scottish Ambulance Service (units 14-20) are all for a period of 2 years and not as noted in the auction details
Please see the updated occupier schedule and deposit schedule in the legal pack.
The rent per annum is inclusive of VAT and not as described in the auction details.

Lot 34

55/59 High Street, Gosport, Hampshire, PO12 1DR

Withdrawn prior to the auction.

Please note the Street Traders Plan is historic and the property trades as Card Factory, Vacant and VPZ.

For the avoidance of doubt the passageway at ground floor level, adjacent 55 High Street t/a Card factory, is not included in the property to be sold.

Lot 35

10 Watergate Street, Chester, Cheshire, CH1 2LA

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

Lot 36

Unit 3, Craighall Road, Edinburgh, EH6 4RU

Withdrawn prior to auction.

Lot 37

The Caledonian Suite, 70 West Regent Street, Glasgow, G2 2QZ

As to Lot 37, whilst there are no existing tenancy agreements, there are a number of informal licences to occupy office space which will be terminated prior to the Date of Settlement unless the buyer wishes to take these on. Details of the “rent obtained” which is inclusive of VAT and updated occupier schedule and floor plan are provided in the Legal Pack.

Lot 38

Earn Avenue, Righead Industrial Estate, Bellshill, ML4 3LW

As to lot 38, please note that the total floor area is 419.92 sq m (4,520 sq ft) and not as noted in the auction details.
The approximate floor areas provided above are for use as a guide only and do not form part of the auction contract
Please see the updated occupier schedule and deposit schedule in the legal pack. The total gross rent is £56,640pa and not as noted in the auction details.
The rent per annum is inclusive of VAT / Insurance / Service Charge / Utilities and not as described in the auction details.