Acuitus 23/03/2016 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 23 March 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 24

Riverside House, 4-18A Amwell End, Ware, Hertfordshire, SG12 9HW

As to the Tenancy & Accommodation Schedule on page 43 of the auction catalogue, please note that the approximate floor areas are as follows and not as stated in the auction catalogue:

Unit Floor Use Sq m Sq ft
4 Ground

Retail / Ancillary

67.44

726

6 Ground Retail / Ancillary

88.28

950

8 16A Ground First & Second Retail / Ancillary Residential (4 rooms, kitchen & bathroom)

81.07

80.35

873

865

10 Ground Retail / Ancillary (including covered rear yard & outbuilding)

97.57

1,050

10A First Residential (1 room, kitchen & bathroom)

35.11

378

10B Second Residential (2 rooms, kitchen & bathroom)

34.39

370

12 Ground Retail / Ancillary (including rear ancillary shop area and rear kitchen)

96.59

1,040

12A First Residential (1 room, kitchen & bathroom)

35.11

378

12B Second Residential (2 rooms, kitchen & bathroom)

34.39

370

14-16 14A Ground First & Second Retail / Ancillary (including covered rear yard & outbuildings) Residential (4 rooms, kitchen & bathroom)

179.57

80.35

1,933

865

18 18A Ground First & Second Retail / Ancillary (including outbuilding) Residential (4 rooms, kitchen & bathroom)

85.72

76.42

923

822

Riverside House Ground First Second (tenant not currently in occupation) Store Leisure Leisure

2.22

270.26

265.73

23.90

2,909

2,860

Total    

1,610.57

17,336

Floor plans for the ground, first and second floors are available within the legal pack for information purposes only. In relation to the tenancy and accommodation schedule, please note Unit 18/18a (t/a Andrews Fish Bar) is let for a term of 10 years from 24th June 2012 (rent review in 2017) at a rent of £18,000 p.a.x and Unit 8 & 16a (t/a Occasions Florist) is let for a term of 10 years from 30th July 2007 (last day of term rent review in 2017) at a rent of £19,500 p.a.x and not as stated. In relation to Riverside House no formal agreement has been reached with regards to the renewal of the tenancy of the Snooker Hall. Any renewal proceedings will be dealt with in accordance with Common Auction Condition G12.