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.

173 High Street, Ryde, Isle of Wight, PO33 2HW

As to the special conditions within the legal pack, Paragraph 18 is deleted and replaced with the following:

18.1 The Condition is the grant of a new lease to TUI UK Retail Limited for a term of years expiring on 31 October 2017 substantially in the form of the draft lease included within the documents.

18.2 Subject to paragraph 18.3, the agreed completion date is thirty business days after the earlier of satisfaction of the Condition or 1 November 2015.

18.3 If in the seller’s opinion, TUI UK Retail Limited has complied with the pre-conditions in clauses 5.1 and 6.2 in the lease dated 27 August 2013 and made between (1) Landmaster Properties Limited and (2) TUI UK Retail Limited (so that the lease ends pursuant to clause 5.1 of that lease), the seller will serve notice on the buyer to that effect and this contract will terminate on the date of such notice and the seller will repay the deposit to the buyer with accrued interest.

18.4 The buyer consents to the grant of the lease to TUI UK Retail Limited for a term of years expiring on 31 October 2017 substantially in the form of the draft lease included within the documents.