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.

Lands Tribunal Document Store, Unit H, 6 Pavilion Way, Castle Business Park, Loughborough, Leicestershire, LE11 5GW

The tenant installed a mezzanine prior to the Seller’s ownership. The Seller has no documents in this respect and is unable to confirm whether it was treated as part of the premises or a tenant improvement at the last rent review. For the avoidance of doubt, the floor areas stated in the auction catalogue are for the ground floor only.
The Seller confirms that its building insurance was renewed in September 2014. Since the insurer is aware of this auction, it has agreed for the insurance premium to be paid pro-rata in arrears following completion of sale of this unit.
The Seller does not have a copy of the insurance policy schedule. The insurer has indicated that this will be available shortly. Copies will be passed to the buyer as soon as practicable upon receipt.
With reference to the Special Conditions, the seller and buyer will enter into the capital allowance election in the form now provided in the Sales Pack.
With reference to the Special Conditions of Sale and in accordance with the restriction on the Seller’s title, the Buyer shall enter into a deed of covenant on completion in compliance with the deed of covenant between (1) Flotec Holdings Limited and (2) Eurocrest Estates Limited dated 10th January 2003 (contained in the Legal Pack). This will require the buyer to contribute towards the maintenance of the estate. The Seller does not have any further information regarding whether such contributions are being made or demanded.