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.

73-75 Gerard Street & 1-1a Warrington Street, Ashton-in-Makerfield, WN4 9AG

The property comprises commercial accommodation as detailed below and not as stated in the Tenancy and Accommodation schedule on page 84 of the Auction catalogue.

Unit	Floor	Use	Sq m	Sq ft
73 Gerard Street	Ground	Retail	58.24	627
77/75	Basement	Ancillary	32.52	350
77/75	Ground	Retail	51.66	556
1 Warrington Road	Basement	Ancillary	45.11	486
1 Warrington Road	Ground	Retail	44.02	474
1a Warrington Road	Ground	Retail	45.17	486
Total Commercial Floor Area			276.72	2,979

A copy of the lease for 73 Gerard Street dated 1 September 2012 made between Lloyd Cheng (1) and Amanda Kershaw t/a Mack Fashions (2) is included in the legal pack. Under the terms of this lease, the tenant should be paying rent at the rate of £920 in advance on the 1st of each month (which equates to £11,040 per annum). Please note however that the tenant has advised that they actually pay rent at the rate of £320 per month (which equates to £3,840 per annum) but we have not had sight of the revised lease or any rental demands and/or receipts. Copy leases that have been supplied with the legal pack have been included on the basis that they are correct to the best of the seller’s knowledge and belief following on-site inspections made by the LPA Receivers acting on the Seller’s behalf and through direct enquiries with the commercial tenants. However the seller gives no warranty whatsoever as to the accuracy of this information. The Lot is believed to be correctly described and any error omission mis-statement or mis-description of the same whether in the auction contract or any other documents referred to or documents supplied by the Seller’s Solicitors, or on behalf of the Seller prior to the date of the auction shall neither annul the sale, nor entitle the Buyer to claim or to be allowed any compensation in respect thereof. The commercial tenants pay rent on a monthly basis. Please refer to the tenancy schedule in the special conditions of sale for further details.