Acuitus 11/02/2016 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 11 February 2016

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 1

60 Calverley Road, Tunbridge Wells, Kent, TN1 2DT

As to the tenancy and accommodation schedule on page 11 of the auction catalogue, please note that the solicitors have completed the lease in relation to the basement and ground floors of 60 Calverley Road, Tunbridge Wells. The term is 10 years from and including the 11 November 2015. The rent review date is the 11th November 2020 and the tenants option to determine is on the 10th November 2020 subject to 6 months prior written notice. The tenant is currently benefiting from a rent free period with the rent commencement date as at 11 May 2016.The seller has agreed to adjust the completion monies so that the property will produce £60,000 p.a.x from completion of the sale. Please delete reference to Notes 2 & 3 of the tenancy and accommodation schedule.
In relation to the description paragraph and tenancy and accommodation schedule on page 11 of the auction catalogue, please note the self-contained maisonette on the first, second and third floor comprises six rooms, kitchen, bathroom, WC and not as stated.
The Auctioneers were unable to access the basement.
In relation to the street traders plan on page 11 of the auction catalogue, please note 56 Calverley Road is now occupied by Card Market, 21 and 41 Calverley Road are not currently occupied.