Acuitus 22/05/2014 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 22 May 2014

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 35

Consort House, Bone Lane, Newbury, RG14 5SD

Q L partnership Limited occupy the ground floor of the property under two separate leases for a term from 8th January 2014 until 7th January 2016. The lease dated 8 January 2014 reserves a current rent of £7011.12 per annum. The other lease has not yet been completed and will reserve a rent of £11,292.72. The total current rent reserved is £91,578.24 per annum subject to one of the lease in favour of Q L partnership Limited being completed and not as stated in the Tenancy and Accommodation schedule on page 58 of the auction catalogue.

The rent under the Leases to QL Partnership Ltd includes any contribution towards the insurance cost, outgoings, service charge (if any) and rates. The rent under the Leases to Intelligent Retail Limited includes any contributions towards the insurance cost, service charge and water and business rates, the cost of heating, lighting, air conditioning, maintenance thereof and water.