Acuitus 22/10/2015 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 22 October 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 70

95 Hope Street, Glasgow, G2 6LL

The tenant undertook a scheme of refurbishment prior to taking occupation. In respect of Note (2) of the Tenancy & Accommodation Schedule on page 100 of the auction catalogue, the auctioneers are unable to corroborate the amount spent.
Saltire Property Management (“SPM”) are managing agents for Central Chambers being the larger subjects of the which the Lot forms part. SPM plan a major stonework project on behalf of the co-proprietors of Central Chambers in terms of the Schedule of Works and Tender for Works, details of which are provided in the legal pack. The apportioned liability for the Lot is as outlined in the Costs Report included in the legal pack and is £25,781 plus VAT. An invoice for this amount has been raised and rendered to the Seller and a notice of potential liability has been noted against the title for the Lot. The Seller shall retain liability for this invoice and shall settle the same from the proceeds of sale of any transaction to follow hereon.