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.

The Farley Centre, High Street, West Bromwich, West Midlands, B70 7QU

In relation to the tenancy and accommodation schedule, please note Unit 11 is let for a term of years from 26th May 2016 until 25th January 2113 and not as stated on page 93 of the auction catalogue.

As to the tenancy and accommodation schedule on page 93 of the catalogue, please note that the area described as ‘Former Supermarket’ in the tenancy and accommodation schedule includes the car park to the rear of the property and the units labelled ‘B & M Bargains, Vacant Post Office and Vacant Farley Centre’ on the street traders plan. Please refer to the title plan and office copy entries No WM492284 in the legal pack for further information.

The seller has undertaken a comprehensive programme of refurbishment to include roof, canopy and elevation repairs at a cost in excess of £220,000. Full details are available in the legal pack entitled ‘Schedule of Works’. Practical completion of these works was achieved on 26/09/2016.
As to the tenancy and accommodation schedule, please note that the lease to Unit 7 has now completed and is for a term of 5 years from 4th October 2016 until 3rd October 2021 at a rent of £10,000. The tenant is not currently in occupation. Please refer to the legal pack for full information.
Please note that VAT applies to this lot but please refer to the special condition of sale and the position in relation to registration with HMRC. For the avoidance of doubt, in respect of Unit 5 Smart Solutions (Recruitment) Limited, the new lease has not yet been completed and the tenant has not yet taken occupation. Please refer to the special conditions of sale.