Acuitus 16/06/2021 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 16 June 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 3

Sheppard's Pharmacy, 65/66 High Street, Ferndale, CF43 4RR

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 1 x one bedroom flat & 1 x three bedroom flat.

Lot 4

Myrtle Pharmacy, Goodwick Square, Goodwick, SA64 0BP

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 1 x one bedroom flat and 2 x two bedroom flats.

Lot 9

Old Bank House, 64 High Street, Uxbridge, UB8 1JP

The correct address of the Property should read Old Bank House, 64 High Street, Uxbridge UB8 1JP, and not as stated in the auction particulars.

Lot 10

19 Cavendish Road, Clapham, London, SW12 0BH

Please note that under the terms of the lease, the rent will rise to a minimum of £90,780 pa at the next rent review in November 2022, as the lease requires the rent to be rounded up to the nearest £10-please see lease.

Lot 11

32 High Street & 11-15 Woodbine Place, Wanstead, London, E11 2RH

As to Lot 11,

As to the Accommodation and tenancy schedule in the Auction particulars, please add the following,

As to 11 Woodbine Place, the lease provides for the rent to be reviewed on 05/02/2024.
As to 12 Woodbine Place, the lease provides for the rent to be reviewed on 28/02/2026.
As to 12a Woodbine Place, the lease provides for the rent to be reviewed on 28th February 2021 and every 5th anniversary to that date.
As to 14/15 Woodbine Place, the lease provides for the rent to be reviewed on 08/10/2021 and 2024.

Lot 13

6 Lynette Avenue, Clapham, London, SW4 9HD

Please note that under the terms of the lease, the rent will rise to a minimum of £90,780 pa at the next rent review in November 2022, as the lease requires the rent to be rounded up to the nearest £10-please see lease.

Lot 16

5 Market Place, Wells, Somerset, BA5 2RF

With regards to the Special Conditions of Sale and for the avoidance of doubt, completion of the sale is 29th July 2021.

Lot 17

Sheppard's Pharmacy, 22-25 Whitcombe Street, Aberdare, CF44 7AU

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 4 x one bedroom flats and 2 x two bedroom flats.

Lot 18

Sheppard's Pharmacy, 17 Bridge Street, Pontypridd, CF37 4PE

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 1 x two bedroom flat.

Lot 19

Sheppard's Pharmacy, 29-31 Margaret Street, Abercynon, CF45 4RE

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 2 x two bedroom flats.

Lot 22

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

Withdrawn prior.

Lot 29

Sheppards Pharmacy, Penrhiwceiber Road, Penrhiwceiber, CF45 3SP

Withdrawn prior to auction.

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

Lot 30

Sheppard's Pharmacy, 14 & 16 Commercial Street, Nelson, CF46 6NF

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 1 x two bedroom flat.

Lot 32

145 Dulwich Road, Herne Hill, London, SE24 0NG

Please note that VAT is not applicable to this lot.

Lot 33

1 & 2 Grant Place, Addiscombe, Croydon, Surrey, CR0 6PX

Please note that the tenancy in respect of this property is documented by way of a Tenancy Agreement to I Polishuk at a rent of £1,500 pcm. A copy of the Tenancy Agreement can be found in the Legal Pack.

Lot 35

20 Regent Street, Burnham on Sea, Somerset, TA8 1AB

The following floor areas have been provided by the seller :

Part Ground (Bank) – 177.07 sq m (1,906 sq ft)
Part First (Bank) – 41.90 sq m (451 sq ft)
Part First (Solicitors) – 66.24 sq m (713 sq ft)
Part Second (Solicitors) – 145.76 sq m (1,569 sq ft)
Total – 430.97 sq m (4,639 sq ft)

All approximate floor areas provided are for guidance only and do not form part of the auction contract.

There is currently a vault within the bank’s demised area.

Lot 36

Unit 2, Broadend Industrial Estate, Broadend Road, Wisbech, Cambridgeshire, PE14 7BQ

Please note that completion of this sale will be 28th July 2021 or earlier by mutual agreement.

Lot 38

Mecca Bingo, The Playhouse, 4 Boswell Park, Ayr, South Ayrshire, KA7 1NW

The tenant of Unit 2, Holland & Barrett, entered into an informal arrangement with the Landlord to pay rent monthly (instead of quarterly as provided for in the Lease). This arrangement has been in place for over 15 months.

Lot 41

58 High Street, Newcastle Under Lyme, Staffordshire, ST5 1QE

With regards to the Special Conditions of Sale and for the avoidance of doubt, completion of the sale is 29th July 2021.

Lot 42

Sheppard's Pharmacy, 30 Penybont Road, Pencoed, CF35 5RA

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

Lot 43

Sheppard's Pharmacy, 1 Porth Street, Porth, CF39 9RN

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

Lot 44

Sheppard's Pharmacy, 12 Commercial Street, Ty Nant, CF38 2DB

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

Lot 46

12 Northgate, Dewsbury, West Yorkshire, WF13 1DT

With regards to the Particulars the following amendments apply :-

Part First Floor – Vacant - 86.01 sq m (926 sq ft)
Second Floor – Vacant – 114.17 sq m (1,229 sq ft)

Total - 382.73 sq m (4,119 sq ft)

The outline of the property on the Street Traders plan is wrong and should extend out further at the back of the property. For the avoidance of any doubt, the Title Plan showing the correct extent of the property to be sold, is in the legal pack.

Lot 49

Valley House, Valley Street North, Darlington, County Durham, DL1 1TJ

The reference to a schedule of condition in the lease dated 28 September 2017 is an error – there was no schedule of condition. The buyer will be given an allowance on completion for the rent paid by the tenant up to the date when they vacate the property. The seller has served a schedule of dilapidations on the tenant, the benefit of which will not be assigned to the buyer on completion.

Lot 50

46 Market Place, Wisbech, Cambridgeshire, PE13 1DP

With regards to the Special Conditions of Sale, please note the 10% deposit will be held as Stakeholder and not as stated.

The Shop rent is £10,000 per annum and the Total rent is £23,500 per annum.

Lot 51

Sheppard's Pharmacy, 102/103 Ynyshir Road, Ynyshir, CF39 0EW

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 1 x two bedroom flat.

Lot 52

Sheppard's Pharmacy, 217-219 Cardiff Road, Aberaman, CF44 6RG

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 1 x three bedroom flat.

Lot 53

Sheppard's Pharmacy, 50 Commercial Street, Aberbargoed, CF81 9BU

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

With regards to the Particulars, the tenant is Avicenna Retail Limited with a guarantee from Avicenna Limited (t/a Sheppards Pharmacy)

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 2 x two bedroom flat.

Lot 54

43 St Peters Avenue, Cleethorpes, Lincolnshire, DN35 8JQ

The outline of the property on the Street Traders plan is wrong and should extend out further at the back of the property. For the avoidance of any doubt, the Title Plan showing the correct extent of the property to be sold, is in the legal pack.

Lot 56

Sheppard's Pharmacy, 5-7 John Street, Abercwmboi, CF44 6BL

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.

The Auctioneers have been informed by the seller that the residential accommodation at the property comprises 2 x two bedroom flats.

Lot 57

Sheppard's Pharmacy, 227 Park Road, Cwmparc, Treorchy, CF42 6LD

In relation to the rent reviews in the lease these are 5 yearly RPI linked subject to a minimum and maximum increase at each review. Full information is available within the legal pack.