Acuitus 07/07/2016 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 7 July 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 11

Cavendish Square, Whitbourne Avenue, Swindon, SN3 2LZ

The boundary plan on page 29 of the auction catalogue does not show the full extent of the property being offered for sale. The title plan showing the correct extent of the property being offered for sale is available for inspection within the legal pack. The buyer will be deemed to have inspected the property and to have purchased with full knowledge thereof. As to the tenancy and accommodation schedule, the lease terms are as below and not as stated on page 29 of the auction catalogue.

Unit Tenant Term
2 BARNARDO’S (1) 10 years from 11/07/2014 until 10/07/2024
3 INDIVIDUAL (t/a Post Office) Approx 13 years 6 months from 01/04/2014 until 28/09/2027
4 HAIRCARE (SWINDON) LIMITED 20 years from 29/09/2007 until 28/09/2027
5 INDIVIDUAL (t/a The Ninety Niner Shop) 20 years from 29/09/2007 until 28/09/2027
6 WILLIAM HILL ORGANIZATION LIMITED (4) Approx 19 years 11 months from 29/09/2007 until 16/08/2027
7 INDIVIDUALS (t/a Premier Convenience Store) 10 years from 12/10/2007 until 11/10/2017
8 INDIVIDUAL (t/a Fish Chips & Chinese) Approx 20 years from 29/09/2007 until 11/10/2027
9 INDIVIDUAL (t/a Zeera Indian) Approx 20 years from 29/09/2007 until 11/10/2027
10 Papa John’s (GB) Limited (5) 15 years from 25/12/2007 until 24/12/2022
11 INDIVIDUAL (t/a Cavendish Grocery Store) 10 years from 20/03/2008 until 19/03/2018