Acuitus 11/12/2014 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 11 December 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 25

Units 1-10 Metro Triangle, Mount Street Industrial Estate, Birmingham, B7 5QT

As to Unit 10 of the tenancy and accommodation schedule, please note that heads of terms have been agreed between the landlord and Skirting Online Limited for a term of 5 years with a tenant only option to determine upon expiry of the 3rd year at a rent of £18,180 per annum exclusive. For further information, please refer to the heads of terms in the legal pack.

The landlord has agreed with the freeholder, a variation in the headlease so that freeholders consent for lettings of below 6 years is no longer required. This is subject to formal completion.