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 60

Mansion House Precinct, St. John's Road / North Road, Clacton-On-Sea, Essex, CO15 4BP

In respect of footnote (1) in the auction particulars on page 85 of the auction catalogue, in respect of the shop at 14B St John’s Road (Prescriptions 2 You Limited), please note that, according to Companies House, Prescriptions 2 You Limited was dissolved on 26th January 2016. The Seller has received no notification from the Company or any Administrator or any Receiver. As a result, the total contracted rent for this property is £40,220 pa and not £49,720 per annum as stated in the Auction particulars.
Please note that Anthony James Estate Agents do not trade from the property. Please note that the Auctioneers were unable to inspect Units 14a (Anthony James Estate Agents), 14b (Prescriptions 2You Limited) and Stores C & D so have been unable to verify the accommodation or floor areas; no objections or requisitions shall be raised in this respect.
Please note that the approximate floor areas for the shops as provided on page 85 in the auction catalogue comprise retail/ancillary accommodation, rather than just retail accommodation as stated.
By agreement, in respect of rent arrears owed by Mr Antony James (Shop 3, 14A St Johns Road), £3,271.95 has now been paid and the Landlord has written off the same amount, so that his arrears are down to £250 which amount is to be paid on or about 01 March 2016. A full payment history for each tenant is available in the legal pack and referred to in the Special Conditions of Sale