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.

10 - 12 Victoria Street, Derby, Derbyshire, DE1 1EQ

In respect of the “Description” paragraph and ‘’Tenancy and Accommodation’’ schedule on the catalogue page, please note that the approximate area of the ground floor ‘’Nightclub/Ancillary’’ is 175.80 sq m (1892 sq ft), and the approximate area of the mezzanine ‘’Nightclub/Ancillary’’ is 30.64 sq m (329 sq ft), and not as stated in the catalogue. The property also has a basement wine cellar (reduced ceiling height) with an approximate floor area of about 43.19 sq m (465 sq ft).The first floor also comprises approximately 18.58 sq m (200 sq ft) of ‘’Nightclub/Ancillary’’ accommodation as well as a flat, although the Auctioneers were unable to inspect the flat to verify its accommodation.

The total approximate commercial floor area (net internal) of the property is 389.80 sq m (4196 sq ft) and not as stated in the auction catalogue.
In respect of footnote (3) in the auction particulars, a new lease in favour of Mr Stephen Brimble for a term of 5 years from 05/10/2014 at a current rent reserved of £8,200 per annum exclusive has now completed. The lease is subject to a tenant option to determine the lease on 05/10/2016. A copy of the lease is available in the legal pack.

The correct address for the property is 12 Victoria Street, Derby, Derbyshire DE1 1EQ and not as stated on page 50 of the auction catalogue.