Acuitus 31/03/2022 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 31 March 2022

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 June 2024.
Please note the Product Guide for the Octopus Bridging Loan has been updated and is dated March 2025.
Lot 4
113 Whiteladies Road, Clifton, Bristol, BS8 2PB
With regards to the Particulars, please note the following amendments apply : -
1st Floor - 73.25 sq m (788 sq ft) - this area includes the customer WC`s
2nd Floor - 31.60 sq m (340 sq ft)
Total Area - 215.32 sq m (2,317 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
307 High Street, Lincoln, Lincolnshire, LN5 7DR
Please note that the Property is let to AG Retail Card Limited (in Administration) previously producing £155,000 pax, and not £135,000 pax as stated in the auction particulars.
Lot 6
Crystal House, 2 Agate Close, Twyford Abbey Rd, Park Royal, London, NW10 7FJ
With regards to the Special Conditions of Sale, please note the lease on the 1st & 2nd floors is 15 years and not 5 years.
Sold prior to auction.
Lot 7
118 Ashley Road, Walton on Thames, Surrey, KT12 1HN
Please note the Special Conditions of Sale have been updated as at 16:30 Wednesday 30th March 2022. The update is in relation to the VAT status of the property and the intention to treat the sale as a Transfer of a Going Concern (TOGC).
Please note the Agreed Completion date is 20 business days after the contract date and not as stated in the particulars of sale.
The Buyer will be required to enter into an Overage Agreement. A copy of the prescribed agreement has been made available prior to the auction.
Lot 9
1-1a Telegraph Street, City of London, EC2R 7AR
Withdrawn prior to auction.
Lot 10
734/756 Bristol Road South, Northfield, Birmingham, B31 2NN
For the avoidance of doubt, please note that this Property is elected for VAT-please see Special Conditions of Sale in the Legal Pack.
The tenant of 744 (previously 742) Bristol Road South, Chickenworks Limited was dissolved on 1st February 2022.
Sold prior to auction.
Lot 11
Rhodes House, 97-119 Vicar Lane & 18 Harrison Street, Leeds, LS1 6PJ
All rent deposits referred to in the legal pack have now been repaid and there are no rent deposits or rent deposit deeds held.
Sold prior to auction.
Lot 12
17 Manor Courtyard, Hughenden Avenue, High Wycombe, Buckinghamshire, HP13 5RE
The property has an allocation of 8 designated car parking spaces and not as stated in the bullet points and description paragraph in the auction particulars.
Lot 13
18a Market Hill, Sudbury, Suffolk, CO10 2EA
Please note that the second floor is not voided. There is a restricted head height at the entrance to the staircase leading to the second floor. The second floor has an approximate floor area of 34.93 sq m (376 sq ft), so the total approximate floor area should read 137.12 sq m (1,476 sq ft) and not as stated in the auction particulars. Please note that the floor areas should not be relied upon and do not form part of the Auction Sale Contract.
For the avoidance of doubt, completion of this sale will be 6 weeks from the Contract Date as detailed in the Auction Particulars.
Sold prior to auction.
Lot 14
Lloyds Bank, 8 Thoroughfare, Woodbridge, Suffolk, IP12 1AF
Please note that the first floor area in the auction particulars includes the customer toilet area. Please note that the floor areas should not be relied upon and do not form part of the Auction Sale Contract.
Lot 16
165 - 167 High Street, Orpington, London, BR6 0LW
The completion period will be 8 weeks from the date of the contract or earlier by agreement between the parties and not as stated in the Auction particulars.
Lot 17
24/32 Kendrick Street, and 1-7 Kendrick House, Kendrick Lane, Stroud, Gloucestershire, GL5 1AA
With reference to footnotes (1) & (2) in the auction particulars, please note that the leases for 26 & 28 Kendrick Street have now both completed. Please note that the total rent therefore for the Property should read £121,340 pa and not £121,840 pa as stated in the auction particulars.
Withdrawn prior to auction.
Lot 18
Gibraltar House, 2-10 High Street & Gibraltar Walk, Wickford, Essex, SS12 9AZ
Please note the tenant of the Rear Office is ‘’Cunningtons LLP’’ and not ‘’Cunningtons Solicitors LLP’’. The term of this lease is 3 years from 22/03/2021, expiring on 21/03/2024, and not as stated in the Tenancy & Accommodation schedule in the auction particulars.
Lot 19
Guilbert House, Greenwich Way, Andover, Hampshire, SP10 4JZ
Withdrawn prior to auction.
Lot 20
Delta Park, Wilsom Road, Alton, Hampshire, GU34 2RQ
The documents that represent the tenancy agreements under which the tenants occupy the units are named either ''Lease'' or ''Occupation Licence''. Both are regarded as tenancy agreements. Notwithstanding the existence of clause 42 and reference therein to the Landlord and Tenant Act 1954 in the form of Lease and the absence of any reference to the Landlord and Tenant Act 1954 in the form of Occupation Licence, the landlord has not sought to exclude or restrict the tenants'' statutory rights under the Landlord and Tenant Act 1954
Lot 21
86/87A/87 Broad Street,, Reading, Berkshire, RG1 2AP
As to the accommodation and floor areas the property is currently arranged as follows:
No 87 – Ground – 79.90 Sq M (860 Sq Ft)
No 87 – Basement – 38.30 Sq M (412 Sq Ft)
No 87 A – Ground – 143.90 Sq M (1,549 Sq Ft)
No 87 A – First (rear) – 52.40 Sq M (564 Sq Ft)
No 87 A - Second (rear) – 55.70 sq M (600 Sq Ft)
No 87/87A – First (front) – 67.41 Sq M (726 Sq Ft)
No 87/87A – Second (front) – 77.66 Sq M (835 Sq Ft)
No 86 – Ground – 222.50 Sq M (2,395 Sq Ft)
No 86 – First – 37.10 Sq M (399 Sq Ft)
No 86 – Second – 34.09 Sq M (367 Sq Ft)
Basement (Hatch access only) – 40.50 Sq M (436 Sq Ft)
Total Approximate Floor area – 849.46 Sq M (9,143 Sq Ft)
The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). Please note that the floor areas should not be relied upon and do not form part of the Auction Sale Contract.
As to the lease to Shoe Zone Retail Limited, there is a rolling mutual option to determine upon 3 months written notice.
For the avoidance of doubt, Number 88 Broad Street is not included as a part of this sale.
Lot 22
The Antler Complex, Bruntcliffe Way, Morley, Leeds, West Yorkshire, LS27 0JG
For the avoidance of doubt, the total of the rents reserved is £52,890 p.a.x.
Lot 23
16 Manor Courtyard, Hughenden Avenue, High Wycombe, Buckinghamshire, HP13 5RE
The property has an allocation of 11 designated car parking spaces and not as stated in the bullet points and description paragraph in the auction particulars.
Lot 26
196b Southwark Park Road, Bermondsey, London, SE16 3RP
Withdrawn prior to auction.
Lot 27
(see legal pack), Chatteris, Cambridgeshire, PE16
Please note access to the property is via a shared driveway, with the adjoining property. The property benefits from rights of access over this shared driveway and there is a 50% contribution towards maintenance and repairs of the driveway.
Withdrawn prior to auction.
Lot 29
209-210 Queens Road, Hastings, East Sussex, TN34 1QP
Sold prior to auction.
Lot 30
780-792 Bristol Road South, Northfield, Birmingham, B31 2NN
In respect of Unit 1(t/a CT Furniture Shop), please note that the lease term commencement date is 22.02.2021 and the expiry date is 20.02.2026, and not as stated in the auction particulars.
In respect of Unit 3 (t/a Specsavers) please note that the lease term runs from 1.10.2014 to 30.09.2024, and not as stated in the auction particulars.
Please note that the boundary of the Property as shown in orange in the Ordnance Survey extract in the auction particulars is broadly accurate and contains all the useable land including a thin strip of land along the front/north-west side of the property which is part of the pavement. A copy of the proposed transfer plan is included in the Legal Pack. The areas concerned are covered in detail in the Contract and Transfer.
Lot 31
Units 1-5 Taylors Square, Newgate, Beccles, Suffolk, NR34 9AT
With regards to the Particulars, the following amendments apply :-
Unit 1 is let to Fat Face Limited.
Footnote (1) for the year ending 29/05/2021, Fat Face Limited reported a turnover of £151,331,000, pre-tax profit - £13,625,000 and shareholder`s equity of £8,707,000 (Source: Northrow 22/03/2022)
Unit 3 is let to Angling Direct PLC (previously known as Angling Direct Limited)
For the year ended 31/01/2021, Angling Direct PLC reported a turnover of £67,581,000, pre-tax profit of £2,646,000 and a total shareholder`s equity of £33,118,000 (Source: Northrow 22/03/2022)
Lot 33
Former The Bitter End PH, 15-17 High Street, Romford, Greater London, RM1 1JU
Contrary to the auction particulars, please note that front of the property is situated in the Romford Conservation area, see https://www.havering.gov.uk/download/downloads/id/140/romford_conservation_area.pdf and the property appears as “The White Hart (The Bitter End), High Street, Romford” on page 80 of “The Heritage Asset Register, Buildings of Local Heritage Interest” published on the London Borough of Havering’s website at https://www.havering.gov.uk/downloads/file/1403/heritage_register
Withdrawn prior to auction.
Lot 34
(see legal pack), Coventry, West Midlands, CV5
Withdrawn prior to auction./
Lot 35
Units 1-5, 51-53 High Street, Haverhill, Suffolk, CB9 8AH
Please note that the surrender & re-grant of the existing headlease has now completed. The new headlease is for a term of 120 years from 15th March 2022, expiring on 14th March 2142 granted by West Suffolk Council at a ground rent equivalent to 10% of annual income received-a copy of the completed headlease is in the Legal Pack.
Lot 36
1-3 (all) Market Place and 2-6 (even) Stockwell Street, Leek, Staffordshire, ST13 5HH
Please note the term commencement date to Disco Bar Leek Limited commences on 21/3/2018 & not 31/3/2018 as detailed in the Tenancy Schedule in the Special Conditions of Sale.
Please note that the new rent on the part let to Staffordshire Moorlands District Council is £25,452.38pa from 30th March 2022, as a result of the annual RPI uplift. The total rent therefore for the Property will be £50,452.38 pa from 30th March 2022.
Lot 37
41 & 41 A High Street,, Mablethorpe, Lincolnshire, LN12 1AX
With regards to the Particulars, please note the Cash machine/ATM is let to Barclays Bank UK PLC and not as stated.
In the Tenancy & Accommodation Schedule, (1) should be deleted
As to the lease to Barclays Bank UK PLC, there is a Tenant option to determine on 16/07/2025 upon 3 months written notice. There is also a mutual option to terminate the lease, with immediate effect, if the other party commits a material breach and other Barclays ATM termination rights. Please see Clause 11.2 in the lease, which is available in the Legal Pack.
Withdrawn prior to auction.
Lot 38
196a Southwark Park Road, Bermondsey, London, SE16 3RP
Withdrawn prior to auction.
Lot 39
Heritage House, 79-80 High Street, Gravesend, Kent, DA11 0BH
Please note the property is Grade II* Listed and not as stated in the auction particulars.
Lot 40
226 & 228 Barnsley Road, Cudworth Village, Barnsley, South Yorkshire, S72 8UH
Please note that there is currently no access to the first floor, so we are unable to verify the approximate floor areas in the auction particulars. Please note that the floor areas should not be relied upon and do not form part of the Auction Sale Contract.
Lot 41
Boots Pharmacy, 765-767 Ormskirk Rd,, Pemberton, Wigan, Lancashire, WN5 8AT
With regards to the Particulars, please note the lease to Boots UK Limited is 5 years from 03/03/2022, not from 01/03/2022.
With regards to the Special Conditions of Sale, please note the 10% deposit will be held as Stakeholder and not as stated.
Lot 46
3-5 New Row, Dunfermline, Fife, KY12 7EA
The Property is subject to a Deed of Conditions which is going to be varied to allow for bike racks and a bin store serving the Property to be placed at the yard to the rear of the Property, with access rights to and from the same. The Deed of Conditions otherwise deals with the maintenance of the structural parts of the building of which the Property forms part, given that other parts of the building are in separate ownership and all owners therefore have a vested interest in ensuring that the structure of the building is kept in good condition and repair. Please refer to the legal pack for more details.