Acuitus 21/07/2021 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 21 July 2021

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 £1,250+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 March 2021.

Lot 2

Majestic Wine, 6 High East Street, Dorchester, DT1 1HS

Withdrawn prior to auction.

Lot 3

41-42 The Borough, Farnham, Surrey, GU9 7NW

Please note that the basement has restricted access only via a hatch.

Lot 4

Sheppards Pharmacy, 4 Mill Street, Aberdare, CF44 8NA

Please note the flat is 3 bedrooms.

Lot 7

7-11 Monnow Street, Monmouth, Monmouthshire, NP25 3EF

Please note that the property is let to Bank of Scotland Plc, and not Halifax Plc as per the auction particulars. Please therefore delete footnote (1).
Withdrawn prior to auction.

Lot 8

341 & 343 Seven Sisters Road and 2-4 Tewkesbury Road, Stamford Hill, London, N15 6RD

As to the Retail unit at 341 Seven Sisters Road the tenant has not traded from this shop since March 2020 and is unlikely to re commence trading. Judgement has been awarded against the tenant for rent arrears.
Sold prior to auction.

Lot 10

85–87 Clarence Street, Kingston Upon Thames, Greater London, KT1 1RB

With regards to the part third floor at 1 Castle Street, the vendor cannot confirm its configuration, access and use. The purchaser will have to rely on the information provided in the legal pack and will not raise any requisitions thereon.

Completion of the Sale will be 2nd September 2021 or prior with agreement of both parties

With regards to the Particulars and the Headline the property is a Retail and Residential Ground Rent Investment and not as stated.
Sold prior to auction.

Lot 11

111 The Broadway, Southall, Middlesex, Greater London, UB1 1LN

Withdrawn prior to auction.

Lot 12

Iceland Foods, Chichester Road, South Shields, Tyne & Wear, NE33 4HF

Withdrawn prior to auction.

Lot 13

95/96 Pydar Street, Truro, Cornwall, TR1 2BD

Please note the property is Grade II Listed

With regards to the Particulars and the Tenancy & Accommodation Schedule, Footnote (4) should be replaced and state the following :- (4) Jack Wills rent is calculated at 5% of its VAT-exclusive sales from the Premises, payable by way of monthly on-account payments of £1,000 per month and an annual reconciliation. The rent is inclusive of insurance rent and service charge but exclusive of business rates, utilities and other outgoings. The lease provides for a landlord and tenant rolling option to determine the lease, upon giving 10 weeks notice. Full details are available in the legal pack.

Lot 16

Sheppards Pharmacy, Park View, North Terrace, Maerdy, CF43 4DD

Please note the flat is 2 bedrooms.

Lot 18

761 & 763 Uxbridge Road, Hayes, Greater London, UB4 8HY

Please note the Seller`s Solicitor is :-
The Sethi Partnership Solicitors
Naveen Palram Esq
D: 0203 817 0703 T: 0208 866 6464 F: 0208 866 3232
Email: naveen@sethi.co.uk

Lot 19

TSB, 7 Market Place, Stowmarket, Suffolk, IP14 1DY

Withdrawn prior to auction.

Lot 20

35 Marshall Lane, Northwich, Cheshire, CW8 1JU

Please note that the RPI rent reviews are capped at 4% pa and NOT 1.04% pa as per the auction particulars.

Lot 21

Sheppards Pharmacy, 15 Llwynypia Road, Tonypandy, CF40 2EL

With regards to the Particulars please note the shop No. is 15 Llwynypia Road and not 17 as stated.

Lot 22

Sheppards Pharmacy, 1 Bridge Street, Kenfig Hill, CF33 6DB

Please note the flat is 1 bedroom.

Lot 23

Sheppards Pharmacy, Coychurch Road, Pencoed, CF35 5NH

With regards to the Particulars, the plan showing the extent of the property to be sold is wrong. Please refer to the Title Plan within the legal pack.

Lot 24

3 Milner Road, Northwich, Cheshire, CW8 1JF

Please note that the RPI rent reviews are capped at 4% pa and NOT 1.04% pa as per the auction particulars.

Lot 25

Cambridge House Doctors Surgery, 124-126 Werrington Road, Bucknall, Stoke-on-Trent, ST2 9AJ

Withdrawn prior to auction.

Lot 26

Santander,, 43-44 High Street, Stockton on Tees, TS18 1SB

The tenant is entitled to a renewal lease under the Landlord and Tenant Act 1954 Act. The parties have negotiated and agreed the lease and are just dealing with completing it. The agreed form of lease has been uploaded to the Legal Pack but it is subject to final sign off and completion by the parties, so there may be some minor changes made to the copy within the legal pack.

Lot 27

53 to 60 and 62 to 63 Victoria Street, Wolverhampton, West Midlands, WV1 3NX

As to number 53 Victoria Street, X-Brand Stock Solutions Limited occupy the property on a Licence for a period from 1st July 2021 to 30th June 2023 at a licence fee of £750 per month which equates to £9000 per annum and not as stated in the tenancy schedule in the Auction particulars.
Sold prior to auction.

Lot 28

Ashtead House, Discovery Drive, Westhill, Aberdeenshire, AB32 6FG

Withdrawn prior to auction.

Lot 30

117-127 Brook Street, Glasgow, G40 3AP

The boundary plan in the auction particulars does not correctly identify the property. The full extent of the property being offered for sale can be identified by referring to the Land Register of Scotland title plans, which are available to inspect in the Seller’s solicitor’s legal Pack which is available to download from the Acuitus website. The buyer is deemed to have bid with full knowledge thereof.

As to the lease of part Ground, first and second floors, the lease is currently continuing by operation of tacit relocation. The next available expiry date is 15 January 2022. The Tenant indicated that it may consider serving a notice to terminate the lease on that date, but no such notice has been served. If no such notice is served at least 40 clear days before 15 January 2022, then the lease will continue by operation of law for a further 12 months at a time, until a termination notice is served or the lease is varied by consensus.
Sold prior to auction.

Lot 31

Halliburton House, Howe Moss Crescent, Dyce, Aberdeenshire, AB21 0GN

There is a slight discrepancy between the boundaries of the property as shown in the auction particulars and the subjects being sold. Please refer to the “Deed Plan” and ABN11473 – Title Sheet” within the legal pack
Withdrawn prior to auction.

Lot 33

Sheppards Pharmacy, 62A High Street, Cefn Coed, CF48 2PL

Please note the flat is 2 bedrooms.

With regards to the Particulars, please note the rent is £11,800 per annum and not as stated

Lot 35

151 Ford Road, Upton Village, Wirral, CH49 0TH

Sold prior to auction.

Lot 37

119-123 Raby Road, Hartlepool, County Durham, TS24 8DT

Withdrawn prior to auction.

Lot 40

Sheppards Pharmacy, 59 Oxford Street, Mountain Ash, CF45 3HD

With regards to the Particulars, the photograph showing car parking spaces, should be deleted. This area is part of the Doctors Surgery and is not included in the sale.

Lot 41

4 Penybont Road, Pencoed, CF35 5RA

With regards to the Particulars, please note the ground floor shop is let to an Individual t/a Rolling Ink Tattoo Studio, for a term of 2 years from 15/02/2015 at £4,680 per annum. The tenant is holding over.

Please note a transfer dated 9th April 2021 showing that the freehold of the property was transferred to A & J.M. Sheppard Limited, is available for inspection in the legal pack.
Land Registry has not yet completed this registration.