Acuitus 13/10/2016 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 13 October 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 90

101 - 103 South Road, Haywards Heath, West Sussex, RH16 4LR

As to Note 1 and 2 of the tenancy and accommodation schedule, please note that the lease to Flinders Coffee Limited has completed. The term is for 15 years from 7th October 2016 subject to an option to determine on 6th October 2021 and 6th October 2026. The rent review dates are 7 October 2021 and 7 October 2026.
In relation to the tenancy and accommodation schedule on page 129 of the auction catalogue, please note Unit 101 has an approximate floor area of 45.91 sq m (494 sq ft). Therefore the total approximate commercial area for the property is 116.71 sq m (1,256 sq ft) and not as stated.

With reference to the street traders plan; 105 High Street trades as Toy Town, 107 High Street trades as Avant Garde, 102 High Street will trade as Crewe Clothing (coming soon) and 80 High Street trades as Subway.
As to Unit 103, and Note 3 of the Tenancy and Accommodation schedule, please note that the lease to Armstrongs Opticians Limited has not yet completed. Please refer to the special conditions of sale for further information.