Acuitus 19/05/2016 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 19 May 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 29

Units 1-6 Moorland View Road & Breckland Road, Chesterfield, Derbyshire, S40 3DD

In relation to the tenancy and accommodation schedule on page 55 of the auction catalogue, please note that:
• Unit 6 is let to Elaine Joannou (trading as Walton Fish & Chips) for a term of 3 years from 16 September 2014 at a rent of £8,000 p.a.x. The total rent figure is amended accordingly.
• Unit 3 has been sublet to 1st Class Kitchens Ltd. For further information please see a copy of the sublease available within the legal pack.
• In relation to the lease of units 1-3 (to T&S Stores Limited), please note that the annual rent currently charged to the tenant is £34,000 + VAT, not £42,500 + VAT. The total rent figure given will decrease accordingly. The seller does not hold any rent review documentation relating to this or any other tenancy.
• In relation to the tenancy of unit 5, please note that the tenancy''s term is stated to expire on 24 March 2017 and not 18 December 2017.
The receivers have not demanded, or received, rent or other sums from the tenant of unit 6 (E Joannou). Please refer to the special conditions of sale regarding arrears of rent in relation to this tenancy.
In relation to the bullet point at the top of page 55 of the auction catalogue, please note the property has an approximate site area of 0.34 hectares (0.84 acres) and not as stated.