Acuitus 12/07/2022 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 12 July 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 £1,250+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 1

105 & 105a Victoria Road, Ruislip, London, HA4 9BN

Please note the approximate net internal floor area of the dentist should read 57.6 sq m (620 sq ft), and not as stated in the auction particulars. There is an external wc, compressor room & storage containers in the yard to the rear. Please note that the approximate floor areas are for use as a guide only and do not form part of the contract of sale.
Contrary to the drafting in the Transfer/ TR1 in the Legal Pack, there are no rent deposits from the tenants of the Property and this will be amended in the TR1 nearer to completion so that there is no reference to a deposit.

Lot 2

251/251a & 251b East Barnet Road, East Barnet, London, EN4 8SS

Please note the flat on the first floor comprises 2 bedrooms, 2 living/reception rooms, a kitchen & bathroom/wc and not as stated in the auction particulars.
In respect of CPSE 2 5.3 in the Legal Pack, the Landlord confirms there are no rent arrears, but in relation to the lease 27 June 2019 at 251b, Mr Rashid was allowed a short rent suspension of £3,957.51 for the period 29/09/2020 until 24/12/2021 to assist during the Covid lock down.
The Landlord agreed to waive so these are not arrears and not recoverable. As to Common Auction Conditions ‘’Arrears condition G11’’ – for the avoidance of doubt, no arrears are payable by the buyer and equally no arrears are recoverable by either party prior to the date of actual completion.
The Seller has amended Points 20 in CPSE 1 to confirm a historic claim by the tenant of 251a but agreement was reached and rent has been paid as disclosed since.

Lot 4

19 High Street, Petersfield, Hampshire, GU32 3JT

Please note the floor areas stated in the particulars are Gross Internal Areas (GIA).

Lot 8

Notting Hill Co-operative Convenience Store, 104 St Ann's Road, Notting Hill, London, W11 4BU

Sold prior to auction.

Lot 9

130 Allitsen Road, St. John's Wood, London, NW8 7AU

Sold prior to auction.

Lot 11

5-6 Commercial Street, Leeds, West Yorkshire, LS1 6AL

Please note, the floor areas have been confirmed to be as follows;
NIA SQ M NIA Sq FT
Basement181.57 1,954
Ground 144.28 1,553
First 128.07 1,379
Second 114.81 1,236
Third 106.51 1,146
Total 675.24 7,268

As to the Description and Tenancy & Accommodation Schedule, please note the first floor currently provides Ancillary accommodation and not Retail accommodation as stated in the auction particulars.

Lot 12

HB Accident Repair Centre, 349 Moorside Road, Swinton, Manchester, M27 9PN

Sold prior to auction.

Lot 13

The Burlington, 72-76 Old Christchurch Road, Bournemouth, BH1 2HZ

Sold prior to auction.

Lot 14

Units 4,5,6,7,8,9,10,11,13,14,15,16,18 & 19,39-45 Gransden Avenue, Hackney, London, E8 3QA

Acuitus are offering the majority of the property (Units 4,5,6,7,8,9,10,11,13,14,15,18 & 19), 39-45 Gransden Avenue, Hackney, London E8 3QA) on behalf of Administrators.
This property is being marketed for sale on behalf of Administrators and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Administrators are acting without personal liability. The Receivers are not bound to accept the highest or any offer. The special conditions and transfer for any sale will give no title guarantee and will exclude the personal liability of the administrators.
In relation to Unit 16, whilst this is being offered as part of the sale, we are not acting on behalf of administrators.

Lot 16

The Red Lion Hotel & 4-8 Castle Street, Luton, Bedfordshire, LU1 3AA

Sold prior to auction.

Lot 17

35-39 Abington Street, Northampton, Northamptonshire, NN1 2AW

The Seller has confirmed the presence of Asbestos within the property in Question 8.3 of the Commercial Property Standard Enquiries (CPSE 1) and has answered “Please contact the Seller’s solicitors for further details".

Lot 18

Ardent West, North Esplanade Way, Harbour City, Aberdeen, AB11 5RJ

Please delete reference to the site area and building floor area within the auction text. Please see the Plans Report over Deed Plan in the legal pack. The site area comprises 0.133 Ha (0.329 Acres on which a modern office building has been constructed. The sale is the sale of the area shown on the deed plan in the legal pack and Frelif’s interest in the lease of the building to Coal Pension Properties Limited. Please see the Articles of Roup in the legal pack for detail.

Lot 22

38/40 New George Street, Plymouth, Devon, PL1 1RW

Please note that completion of this sale will be 30 working days from completion as per the auction particulars, not 20 working days as detailed in the Special Conditions of Sale. Please note the rent paid under the Clubsport Skechers lease should say £60,833 pax , and not £60,883 pax as detailed in our auction particulars. The total rents received therefore from the occupational tenants should read £210,833 pax and not as stated.

Lot 23

54a and 54b High Street, Lymington, Hampshire, SO41 9AJ

Email correspondence from the residential tenants regarding the use of the access into the car park by vans delivering to the neighbouring building trading as Prezzo is available within the legal pack.

Lot 24

220 High Street, Guildford, Surrey, GU1 3JD

VAT is not applicable to this Sale.

The Special Conditions of sale provide for the Buyer on Completion shall pay to the Seller, in addition to the Price, £5,000 + VAT in respect of the Seller’s legal costs together with the cost incurred by the Seller in obtaining the searches and Land Registry documents included in the Auction Pack.

Lot 25

2 and 2a Lendal, York, North Yorkshire, YO1 8AA

Sold prior to auction.

Lot 26

Units 1-4, Portrack Grange Close, Portrack Lane, Stockton-on-Tees, TS18 2PU

Please note that the orange outline on the Title Plan in the auction particulars, showing the extent of the property, is slightly inaccurate. Please see title plans in the Legal Pack.
Please note that completion of this sale will be 30 working days from completion as per the auction particulars, not 20 working days as detailed in the Special Conditions of Sale. Please note that Units 1 & 2 (JJB North East Limited) are let on one lease for a term of 3 years from 1/9/2021 at £11,650 pax and not as stated in the auction particulars.
Sold prior to auction.

Lot 28

1/2 Market Jew Street, Penzance, Cornwall, TR18 2HN

Please note that completion of this sale is 30 working days from the Contract Date as stated in the auction particulars, and not 20 working days as stated in the Special Conditions of Sale in the Legal Pack.

Lot 29

Boots Pharmacy, 15 Bank Street, Newquay, Cornwall, TR7 1DH

Please delete all reference to floor areas stated in the sale particulars. The approximate net internal floor areas (NIA) should read as follows;

Sq. M. (Sq. Ft.)
Ground 438.80 (4,723)
Lower Ground 90.57 (975)
First 194.13 (2,089)
Second (Part*) 89.78 (966)
Total 813.28 (8,753)

*No access gained to second floor front.

These approximate floor areas are provided for indicative purposes only and do not form part of the contract. Purchasers are deemed to have inspected the property and carried out their own investigations in this regard.

Lot 30

3 Finkle Street, Cottingham, East Riding of Yorkshire, HU16 4AX

Please note that, in accordance with the Special Conditions of Sale in the Legal Pack, that the property is not elected for VAT. Therefore, the auction particulars are inaccurate in this respect. Please note that the lease renewal to G. Mitchell (Cottingham Post Office) has yet to complete, as per footnote (2) in the auction particulars. It is anticipated that the new lease will be completed prior to sale completion on the terms/rent outlined in the auction particulars. The current rent passing under the terms of the existing lease is as per the rent schedule and the replies to the CPSEs in the Legal Pack i.e. £16,000 per annum.

Lot 33

1 High Street, Rugby, Warwickshire, CV21 3BG

The property comprises accommodation as detailed below and not as stated in the Auction particulars,

Ground Floor, Retail, 134.48 sq m (1,447 sq ft)

Ground Floor (part) Vacant Possession 22.38 sq m (241 sq ft)
First Floor Vacant Possession 67.60 sq m (728 sq ft)
Second Floor Vacant Possession 41.28 sq m (451 sq ft)

Total Approximate Floor Area 265.74 sq m (2,867 sq ft)

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

Lot 36

3 Strait Bargate, Boston, Lincolnshire, PE21 6EE

Please note that completion of this sale is 30 working days from the Contract Date as stated in the auction particulars, and not 20 working days as stated in the Special Conditions of Sale in the Legal Pack.

Lot 37

6 Vaughan Street, Llanelli, SA15 3TY

Please note that the basement/cellar is accessed via a hatch in the ground floor and is not used by the tenant. The basement has not been inspected by the Auctioneers & therefore the approximate floor area cannot be verified. Please note that the approximate floor areas as stated in the auction particulars do not form part of the Sale Contract.
Please note that completion of this sale is 30 working days from the Contract Date as stated in the auction particulars, and not 20 working days as stated in the Special Conditions of Sale in the Legal Pack.

Lot 38

93 High Street, Fort William, Highland, PH33 6DG

For the avoidance of doubt the settlement (completion) period will be 20 working days from the date of the auction.

Lot 39

Cromarty House, 67-72 Regent Quay, Aberdeen, AB11 5AR

Sold prior to auction.

Lot 40

106-114 Whitby Road, Ellesmere Port, Cheshire, CH65 0AH

Please note that the Buyer shall not pay any arrears to the Seller on Completion. This is documented in the Special Conditions of Sale as amended on 7/7/2022.

Lot 42

18a Crackenedge Lane, Dewsbury, West Yorkshire, WF13 1PU

Sold prior to auction.

Lot 43

196a Southwark Park Road, Bermondsey, London, SE16 3RP

VAT is applicable to this Sale.

Lot 44

18 & 20 Bridge Street, St Helens, Merseyside, WA10 1NW

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor''s costs in addition to the cost of the searches (as stated in the Special Conditions of Sale), and not as stated in the auction particulars.

Lot 46

River House, South Esplanade East, Aberdeen, AB11 9PB

For the avoidance of doubt VAT is not applicable to this lot.

Lot 47

80 Castle Street, Forfar, Angus, DD8 3AA

With regards to the description and tenancy and accommodation please note the property comprises the following accommodation and not as stated on page 57 of the catalogue page.

Floor Use Floor Areas (Approx)
Ground Retail 64.54 sq m (695 sq ft)
Mezzanine Ancillary 25.60 sq m (276 sq ft)
Total   90.14 sq m (971 sq ft)

Please note that the floor areas are provided for use as a guide only and do not form part of the contract of sale