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 45

Unit U, Springhead Enterprise Park, Northfleet, Kent, DA11 8HJ

As to Note 2 of the tenancy and accommodation schedule, the deed of variation has now completed to remove the 24th June 2017 tenant option to determine. The Deed of Variation provides for a rent free period from 24th June 2017 to 7th February 2018. The seller has agreed to adjust the completion monies to allow for this rent free period.
In relation to the bullet point on page 76 and the tenancy and accommodation schedule on page 77 of the auction catalogue, please note the first floor has an approximate floor area of 384.23 sq m (4,136 sq ft) and not as stated. Therefore the approximate total floor area is 2,638.63 sq m (28,403 sq ft).
In relation to the description paragraph, the property comprises ground floor office and light industrial accommodation with ancillary office accommodation on the first floor. The property benefits from one 4.96 metre roller shutter door and not as stated. Please delete reference to the eaves height.
With regard to the site plan, please note the northern boundary is incorrectly identified. Please refer to the title plan within the legal pack for further information.
There is an electricity sub-station on-site.