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.

Primaflow, Unit 2 Friarsgate, Molly Millar's Lane, Wokingham, Berkshire, RG41 2RT

The Seller applied for a Local Search of the Property on 17 September 2014. Results are not yet received but will be passed on to any buyer as soon as practicable upon receipt.
Following an extensive search program, the Seller has not been able to locate copies of the s106 agreement dated 9 August 2000 nor the wayleave dated 23 April 2001 (both of which are referred to in the lease). The Seller is unable to comment whether any obligations subsist thereunder. It is not aware of any third party seeking to enforce the agreements’ terms.
The Seller owns shares in a management company, MM3 Molly Millars Lane Management Company Limited, which will be transferred to the buyer on completion. A copy of the share certificate and annual return are in the sales pack.
The management company is responsible for carrying out various services in relation to the estate under the terms of a transfer dated 27 September 2002. The Seller is responsible for contributing towards the maintenance costs under the 19 January 2004 deed of covenant. Both documents are in the sales pack. The Seller does not know whether any services or maintenance has been carried out in recent years. As far it is aware, no associated contributions have been made or demanded during the Seller’s ownership.
The claim for flooding in 2007 was in relation to a storm. The total claim including fees paid was for £5,635. The seller is unaware of any other occurrences of flooding during their period of ownership. The Seller was under different management at the time of the original flood and has no further information.
The registered proprietor is Instox Limited, who were the original contracting party under the lease. Rent demands are being addressed to “Mueller Primaflow”. The Seller does not have any papers to document an assignment or subletting.
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.
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’s freehold title is also subject to a substation lease dated 27 September 2002 and made between (1) The District Estates Limited and (2) Southern Electric Power Distribution Limited. The annual rent is a peppercorn. A copy of the lease is contained in the Sales Pack.