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 25

14 Buttermarket, Bury St Edmunds, Suffolk, IP33 1DB

Please note that the lease to Artico Holdings Limited has now completed. The completed lease is for a term of years from 21st October 2015 expiring on 28th September 2025 and not as stated in the auction particulars with a tenant break option on 28th September 2020. The remaining terms of the lease is as per the auction particulars and a rent deposit is held on trust in the sum of £12,250. The lease is a fully repairing and insuring lease, save that the tenant is not obliged to put the property into a better condition than evidenced by a Schedule of Condition attached to the lease. The completed lease, rent deposit deed and schedule of condition are all in the legal pack.

The Lease dated 18 July 2011 made between (1) Downtree Consultants Limited (In Liquidation) (formerly known as Upgrove Properties (Finland) Limited and (2) Cheque Centres Properties Limited, which is noted on title number SK161632, was surrendered by letter on 20 October 2015.