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.

4 - 8,12 - 14 Park Street, Luton, Bedfordshire, LU1 3EP

A planning application (Reference 16/00785/FUL) has been made in relation to 12-14 Park Street, Luton for the erection of a 3rd floor to provide 10 flats (7 x1 bedroom, 1 x 2 bedroom and 2 x 3 bedroom) together with insertion of 4 new windows within east (side) elevation and 8 No. new windows within west (side) elevation with associated cycle parking and refuse storage. For further details please refer to the legal pack and Luton Borough Council.

As to the tenancy and accommodation schedule, please note that in relation to Unit 5, there was an assignment of the lease from Pasque Charity (Trading) Limited to Keech Hospice Care that completed in 2014. As to Unit 6, there was a lease by way of Reference granted to The British Red Cross Society in 2013. The lease is for 5 years from 8th July 2013 at a current rent of £24,000 p.a.x. For further details please refer to the legal pack. The total current rent for the entire property is therefore £127,000 p.a.x and not as stated in the auction catalogue.
As to the tenancy and accommodation schedule, please note that the approximate ground floor area for Unit 6 is 174.44 sq m (1,878 sq ft). Therefore and for the avoidance of doubt the total approximate floor area is 1,925.18 sq m (20,723 sq ft) and not as stated in the auction catalogue.
A sublease has been granted in relation to the ground floor unit at 12-14 Park Street for a term of 998 years commencing on 9 October 2015. Further details are available in the legal pack.
Please note that the mark up on the street trader plan on page 21 of the auction catalogue does not correctly identify the property being offered for sale. Please refer to the title plan no: BD95514 in the legal pack.