Acuitus 27/05/2010 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 27 May 2010

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.

Lot 48

76 High Street, Watford, Hertfordshire, WD17 2BP

As to the ??ituation? paragraph, please note that the property is situated diagonally opposite Charter Place Shopping Centre and not the Harlequin Shopping Centre as stated in the catalogue.

As to the tenancy & accommodation schedule, please note that a lease of the basement floor of the Property between (1) Ablethird Limited and (2) Mohammed Aziz Siddique and Muhammad Khalid Pervaiz ("Tenant") T/A Lahore Kebab House dated 7 October 2008 for a term of fifteen years at a rent of £25,000 p.a. is held with the deeds for the Property. 

We can confirm that the tenant is not in occupation and has not been since the Receivers took their appointment in December 2008. The Receivers have not received any rent from the tenant. There is no deed of surrender with the deeds held by the Receivers and the Receivers have no information as to whether or not this lease still subsists.  The Lot is therefore sold subject to this lease in so far as it is still subsisting and capable of taking effect and subject to any rights of the tenant pursuant to it as may subsist. 

For further information regarding the VAT status of the property, please refer to the special conditions and the addendum to the special conditions of sale.