Acuitus 04/11/2021 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 4 November 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 £1,000 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.

The Common Auction Conditions have been updated as at March 2021.

Lot 1

101a and 101b Victoria Road, Ruislip Manor, London, HA4 9BN

As to the description, the property benefits from a garage at the rear of the property which is contiguous to the main building and can be accessed from the shop and from the service road at the rear of the property. The garage is approximately 26.13 sq m (281 sq ft).

Lot 3

36 Terminus Road,, Eastbourne, East Sussex, BN21 3LP

With regards to the Special Conditions of Sale & the Tenancy Schedule, the lease to Johnsons Cleaners UK Limited is 5 years from 1st January 2021, expiring 31st December 2025 and not as stated.

Lot 4

33 Sea Road, Boscombe, Bournemouth, BH5 1DH

With regards to the Particulars and the Tenancy & Accommodation Schedule the following amendments apply to the floor areas :-

Ground – 34 sq m (365 sq ft)
Basement – 38 sq m (409 sq ft)
Total – 72 sq m (774 sq ft)

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

Lot 5

95, 95a & 95b Askew Road,, Shepherd`s Bush, London, W12 9AS

The Seller has commenced proceedings to obtain vacant possession of Flat 95A Askew Road. Upon completion these proceedings will be transferred as appropriate to the successful bidder. There are also substantial arrears in respect of the flat at 95a. The purchaser will not be expected to pay for these arrears and again these will be assigned to the successful bidder upon completion (provided a suitable draft is forwarded by their solicitors and approved by the Sellers solicitors, acting reasonably). Details of the arrears are available either from the Sellers solicitors or the auctioneers.

Lot 7

Wincott Parade, 173 Kennington Road,, Kennington, London, SE11 6SS

The property comprises an unbroken parade of retail units, residential flats, 10 garages and 3 surface car parking spaces and not as stated in the Auction particulars. The entry on the Accommodation and Tenancy schedule for “Garages 1-13” should read “Garages 1-10 and Car Parking Spaces 21,22 and 23” and not as stated.

Correspondence between the tenant of Flat 8 and the Sellers solicitor regarding the notices pursuant to Section 5 of Landlord and Tenant Act 1987 is available within the legal pack.

A consultant’s report on the condition of the Water tanks serving the building and the costings for the recommendations in the report are available within the legal pack.

Lot 8

69 North End and 1/1a Drummond Road, Croydon, London, CR0 1TG

Withdrawn prior to auction.

Lot 9

Co-Op Convenience Store, 105-105c Mungo Park Road, Elm Park, Greater London, RM13 7PP

Withdrawn prior to auction.

Lot 10

51 Western Road & 25 Clarence Square, Brighton, East Sussex, BN1 2EB

As to the lease over the ground floor and basement to Greggs PLC, the tenant is currently paying the rent monthly.
Sold prior to auction.

Lot 11

43-44 High Street, Kings Lynn, Norfolk, PE30 1BJ

Please note that, contrary to the auction particulars, this property is not Listed.

Lot 12

Unit 4 Winnersh Fields, Gazelle Close, Winnersh, Wokingham, Berkshire, RG41 5QS

In respect of the Extra Special Conditions in the Special Conditions of Sale in the Auction Legal Pack, for the avoidance of doubt, please note that the property currently produces a total rent of £74,254 pa and not £40,000 pa as stated in the Extra Special Conditions of Sale. The Allowance that the Seller will make from Completion of the Sale until the expiry of the concessionary rental period refers to the first floor rent only.
Withdrawn prior to auction.

Lot 13

3 Melin Corrwg Business Park, Treforest, Near Cardiff, CF37 5BE

With regards to the Particulars and the Plan, please note the boundary of the property should extend to also include the land as shown in Title CYM336888. Title Plans and OCE’s showing the full extent of the property to be sold, are available in the legal pack.

With reference to suite 9, the lease to Socotec Building Control Limited is 5 years from 17/08/2021 until 16/08/2026 and not as stated in the auction particulars, and the lease is subject to an option to determine on 16/08/2024. With reference to Suite 10, there is a rent review on the 6th anniversary of the lease.

Lot 15

The Exchange, Haslucks Green Road, Shirley, West Midlands, B90 2EL

The roof of both buildings has been replaced not only the main office building as stated in the description paragraph in the Auction particulars. The original building benefited from a refurbishment programme that was undertaken in 2015.

As to footnote (8) under the Tenancy and Accommodation schedule in the Auction particulars, the lease over the first floor (part) to MJ Mortgages Limited has been completed today, subject to the consent of the BT Communications plc who are the Freeholders.

Lot 16

46-50 Queen Street,, Glasgow, G1 3DS

For the avoidance of doubt, the basement level is in retail use and is not a night club as described

Lot 17

9-10 High Ousegate, York, North Yorkshire, YO1 8RZ

With regards to the Particulars and the Plan, please note the full extent of the property to be sold is as shown on Title Plan NYK5664, which is available for inspection in the legal pack.

With regards to the Special Conditions of Sale, CPSE 1 Enquiries and VAT, please note it is intended the Sale be treated as a Transfer of a Going Concern.

Lot 18

One Stop with 2 vacant self contained Flats, 66-68 Regent Street, Stotfold, Nr Hitchin, SG5 4DX

Sold prior to auction.

Lot 19

24 Camden Road, Camden Town, London, NW1 9DP

The Special Conditions of Sale provide for the Completion date to be 20 business days from the date of the contract and not as stated in the Auction particulars.

Lot 21

159-163 High Street, Southend-on-Sea, SS1 1LL

Please note the property has the following approximate floor areas, and not those as stated in the auction particulars:

159 High St-202 sq m (2,174 sq ft)
161 High St- 99 sq m (1,065 sq ft)
163 High St -94 sq m (1,011 sq ft)

Total-395 sq m (4,250 sq ft)

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

Lot 24

91-92 High Street, Kings Lynn, Norfolk, PE30 1BL

Withdrawn prior to auction.

Lot 25

Asher House, Asher Lane Business Park, Ripley nr Nottingham, Derbyshire, DE5 3SW

Withdrawn prior to auction.

Lot 26

235 -241 Clayhall Avenue, Clayhall, Ilford,, London, IG5 0NY

As to 239 Clayhall Avenue the Rent Review due on 26th April 2018 has not been implemented.

As to 239 Clayhall Avenue the Rent deposit has been depleted due to non-payment of service charges. A Judgment has been sought against the tenant of 241 Clayhall Avenue for non-payment of service charge. See Section 9 of CPSE2 within the Legal pack.

Correspondence regarding an encroachment by a neighbouring occupier over the rear of the property is available as document 7.13 in the legal pack.

Lot 28

21-21a Castlegate and 2-6 and 12 Boar Lane, Newark, Nottinghamshire, NG24 1AJ

The Special Conditions of Sale provide for the Buyer to reimburse the Sellers legal costs in the same of £1,200.00 plus VAT and disbursements and for the Buyer, in addition to the purchase price to pay to the Seller 1% of the purchase price + VAT in contribution to the selling fees.

The property includes a self-contained flat on the first floor at 8 Boar Lane which is not stated in the Auction particulars and is within the Freehold title being offered for sale and is subject to a lease to an individual for term of 999 years at a peppercorn rent.
Withdrawn prior to auction.

Lot 30

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

Sold prior to auction.

Lot 31

195 Cleveland Street, Kingston-upon-Hull, East Riding of Yorkshire, HU8 8AZ

Please note that completion of this sale will be 20 working days, or earlier by mutual agreement, and not as stated in the auction particulars.

Please note that the Property does not have a mezzanine floor. The approximate gross internal floor area should read 450.56 sq m (4,850 sq ft), and not as stated in the auction particulars. The floor areas are provided as a guide and do not form part of the contract of sale.

Lot 33

2-4 Crown Street and 2b Bell Street, Wellington, Nr Telford, Shropshire, TF1 1LP

The Special Conditions of Sale provide for the Buyer to reimburse the Seller’s legal costs in the sum of £1,200.00 plus VAT and disbursements and for the Buyer, in addition to the purchase price to pay to the Seller 1% of the purchase price + VAT as a contribution to the seller’s costs of selling the property.

Lot 34

32-34 Westgate Street, Gloucester, Gloucestershire, GL1 2NG

Please note the Solicitor acting is

Philip Jacques
Boyes Turner LLP
+44 (0)118 952 7144
PJacques@boyesturner.com

With regards to the Particulars and the Tenancy & Accommodation Schedule the following amendments apply to the floor areas :-

Ground – 606.17 sq m (6,525 sq ft)
Basement – 182 sq m (1,959 sq ft)
First – 451.77 sq m (4,863 sq ft)
Second – 64 sq m (689 sq ft)
Third – 33.62 sq m (362 sq ft)
Total – 1,337.56 sq m (14,378 sq ft)

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

Lot 36

212 High Street, Arbroath, Angus, DD11 1HY

With regards to Unit 3, 212 High Street, Arbroath, the landlord has received notice from the tenant, Shoe Zone Retail Limited, that they wish to terminate their lease at the break option as at 24th June 2022. A copy of the letter received from DWF on behalf of Shoe Zone Retail Limited is in the legal pack.