Acuitus 13/12/2021 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 13 December 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

Wheatsheaf Cottage, 2 Park Road, Stanwell, Nr Heathrow, Greater London, TW19 7PB

The Special Conditions of Sale provide for the Buyer to pay to the Seller in addition to any other monies due to the Seller 6% of the purchase price and a contribution of £2,500 plus VAT towards the Seller’s legal fees.

The property comprises 2 rooms on the ground floor and 1 room on the first floor and not as stated in the auction particulars.
Withdrawn prior to auction.

Lot 3

22, 22a & 24a Lavant St, Petersfield, Hampshire, GU32 3EW

Sold prior to auction.

Lot 7

8 High Street, Oxford, Oxfordshire, OX1 4AB

Please note the basement has restricted access via a hatch so this approximate floor area has not been verified. The approximate floor areas are provided as a guide and do not form part of the contract of sale.

Lot 9

Sainsbury's Local, 45-47 Brighton Road, South Croydon, Greater London, CR2 6ED

The Freehold of the entire building, of which this investment forms part, is available by separate negotiation.

Lot 10

448/450 Holloway Road, London, N7 6QA

Withdrawn prior to auction.

Lot 11

Halifax Bank, 427 High Road, Wembley, London, HA9 7AB

The Special Conditions of Sale provide for the Buyer to pay to the Seller in addition to any other monies due to the Seller 4% of the purchase price and a contribution of £2,500 plus VAT towards the Seller’s legal fees.
Withdrawn prior to auction.

Lot 12

10 Church Street, Weybridge, Surrey, KT13 8DX

Sold prior to auction.

Lot 13

Units 3a, 3b & 3c Junction 34 Industrial Estate, Greasbro Road, Sheffield, South Yorkshire, S9 1TN

Please note the approximate gross internal floor areas should read as follows and not as stated in the Auction Particulars:

Unit 3A-578.76 sq m (6,230 sq ft)
Unit 3B-544.67 sq m (5,863 sq ft)
Unit 3C-554.79 sq m (5,972 sq ft)

Total Approximate Floor Area 1678.22 sq m (18,065 sq ft)

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

Lot 14

Forward House & Sparks House, Western Industrial Estate, Caerphilly, CF83 1BQ

VAT is applicable to this lot. It is anticipated that the sale will be treated as a TOGC.

Please note the completion period is 30 business days from the contract date, and not as stated in the special conditions of sale.

Lot 16

173-175 Friar Street & 27-32 Market Place, Reading, Berkshire, RG1 1HE

Sold prior to auction.

Lot 17

Former The Bull PH, Rainham Road South, Dagenham, London, RM10 8AQ

The Special Conditions of Sale provide for the Buyer to pay to the Seller in addition to any other monies due to the Seller 5% of the purchase price and a contribution of £2,500 plus VAT towards the Seller’s legal fees.

The authorised Use Class under the terms of the lease over the first floor of the property is C3 / Residential and not Retail as stated in the description paragraph of the Auction particulars.

Lot 18

Drake House, Gadbrook Park, Northwich, Cheshire, CW9 7RA

Withdrawn prior to auction.

Lot 20

Wellgate Shopping Centre, Victoria Road, Dundee, DD1 2DB

Sums receivable from the Civic Library are not included in the calculation of the ground rent.

MINUTE OF ADDENDUM TO ARTICLES OF ROUP
of
The Wellgate Shopping Centre, Dundee (as more particularly described in the Articles of Roup)
The following are added as a condition of sale:
1. Not later than 5 Business Days after the Conclusion Date the Purchaser must deliver such KYC
information and documentation as the Seller requires all in terms satisfactory to the Seller,
failing which the Seller shall be entitled to rescind the Missives by written notice to that effect
to the Purchaser or its solicitors at any time thereafter.
2. In the event that the Seller rescinds the Missives pursuant to condition 1 of this Minute, the
deposit will be held to be forfeit.
Words and expressions in this Minute of Addendum to Articles of Roup shall have the same meanings
as subscribed to them in the Articles of Roup.
………………………………………..
For and on behalf of DLA Piper Scotland LLP, for and on behalf of St. James''s Place UK Plc

Lot 21

Unit 1b and 1c Midland Place,, Barlborough Links (M1 Junction 30), Chesterfield, Derbyshire, S43 4FR

Sold prior to auction.

Lot 22

Glover Pavilion, Aberdeen Innovation Park, Aberdeen, Aberdeenshire, AB22 8GW

Withdrawn prior to auction.

Lot 23

10-12 The Cross, Prestwick, South Ayrshire, KA9 1AJ

Withdrawn prior to auction.

Lot 25

5-7 Wide Bargate, Boston, Lincolnshire, PE21 6QY

Please note that the lease term should state 10 years from 1/05/2021, not 07/06/2021 as stated in the auction particulars. In respect of footnote (1), the tenant option to determine should state 1st May 2026, and not as stated.

Please therefore note that the rent review date is 1st May 2026 and not 7th June 2026 as stated in the auction particulars.
Withdrawn prior to auction.

Lot 28

The Wharf PH, Wharf Road South, Nr Lakeside Shopping Centre, Grays, Essex, RM17 6SZ

The Special Conditions of Sale provide for the Buyer to pay to the Seller in addition to any other monies due to the Seller 5% of the purchase price and a contribution of £2,500 plus VAT towards the Seller’s legal fees.
Withdrawn prior to auction.

Lot 29

16 - 20 Cheapside, Lancaster, LA1 1LZ

Please note that completion of this sale will be 30 working days from the Contract Date, and not 20 working days as stated in the Special Conditions of Sale

Please note the following approximate floor areas in respect of the part let to Specsavers:

Ground 253.15 sq m (2,725 sq ft)
First 237.27 sq m (2,554 sq ft)

Please note therefore that the approximate total area (including the part let to 3 Store) is approximately 546.90 sq m (5,887 sq ft), and not as stated in the auction particulars. The approximate floor areas are provided as a guide and do not form part of the contract of sale.

Lot 30

77-79 Main Street, Bulwell, Near Nottingham, Nottinghamshire, NG6 8QD

Please note there is a typographical error in the Special Conditions of Sale, transfer and auction particulars. The rent for Unit 79B Main Street commences on 25 January 2022 and therefore the tenant is paying a peppercorn rent until 24 January 2022 not 14 January 2022 as stated.

In respect of 77a & 77b Main Street (t/a Heron), please note the below floor areas were agreed between the parties at lease renewal in 2021:

Ground Floor
Sales/Ancillary – 3,637 sq ft
First Floor
Storage/Staff – 3,451 sq ft

Whilst the entire property is demised to Heron, part of the first floor is not used by Heron and cannot be accessed. For the avoidance of doubt, the approximate total floor area for the entire property should read 1,179.45 sq m (12, 696 sq ft) and not as stated in the auction particulars. The approximate floor areas are provided as a guide and do not form part of the contract of sale.

Lot 31

101-104 High Street & 6-12 Museum Street, Colchester, Essex, CO1 1TH

Please note that 101 High Street (t/a Blackstone Kitchens) does not have a basement.

Lot 33

Gryffe Grove / Main Street, Bridge of Weir, PA11 3NR

With regards to the Particulars and the Site Plan, please note the property to sold also includes an area of land under Title No. REN27780. Both Titles REN27780 and REN14597 are available for inspection within the legal pack.
Withdrawn prior to auction.

Lot 34

14 College Street, Buckhaven, Fife, KY8 1JX

Withdrawn prior to auction.

Lot 35

32-34 Boothferry Road, Goole, East Riding of Yorkshire, DN14 5DA

Sold prior to auction.

Lot 36

The Car Park, Wharf Road South, Nr Lakeside Shopping Centre, Grays, Essex, RM17 6SZ

The Special Conditions of Sale provide for the Buyer to pay to the Seller in addition to any other monies due to the Seller 5% of the purchase price and a contribution of £2,500 plus VAT towards the Seller’s legal fees.
Withdrawn prior to auction.

Lot 38

26 Whitcombe Street, Aberdare, Glamorgan, CF44 7AU

VAT is applicable to this lot.

Lot 39

Basement, The Co-Operative Building, 18 Corporation Street, Coventry, Warwickshire, CV1 1GF

For the avoidance of doubt, please note that the vendor has consent from the ultimate freeholder under the user clause in the head lease for use of the property within the former use classes A1, A3, A4, B1a and B1b. In relation to the existing use, and change of use opportunities, any interested party will be required to rely on their own enquiries with the relevant planning authority.

VAT is not applicable to the property.

Lot 40

Wellheads Road, Dyce, Aberdeen, AB21 7HG

For the avoidance the property is located on Wellheads Road in Farburn Industrial Estate and not Wellheads Terrace as stated.

Lot 43

George Stephenson House, Thornaby, Stockton on Tees, TS17 6QP

Withdrawn prior to auction.