Acuitus 09/07/2015 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 9 July 2015

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 50

Crosby Diagnostic Centre, 1 Kenilworth Road, Crosby, Liverpool, Merseyside, L23 3AD

For the avoidance of doubt, the rent payable to the freeholder under the terms of the lease is the amount equal to the rent payable from time to time by any subtenant in consideration for the occupation, possession or use of the premises, subject to a cap of £50,000 per annum (with such cap being increased annually in line with RPI). The rent is not subject to annual RPI increases. The second floor of the property is currently underlet until 2017 at a rent of £40,000 per annum.
The authorised guarantee agreement given by BMI Healthcare Limited is guaranteed by General Healthcare Group Limited.
The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954. The tenant has an option to renew in 2035 for a further 10 years. The rent, on renewal, shall be the higher of the passing rent and the open market rent.
For the avoidance of doubt, the full name of the current tenant is Aintree University Hospitals National Health Service Foundation Trust and not as stated in the auction particulars. In respect of footnote (2), please note that the full name of the current subtenant is Transform Medical Group (CS) Limited.