Acuitus 16/02/2017 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 16 February 2017

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 36

25 The Drapery, Northampton, Northamptonshire, NN1 2ET

As to the tenancy and accommodation schedule, the ground floor retail unit benefits from a basement storage area of approximately 22.80 sq m (245 sq ft). The vacant third floor accommodation provides approximately 15.75 sq m (170 sq ft). The total approximate floor area for the property is therefore 331.55 sq m (3,568 sq ft) and not as stated.

As to the planning paragraph, the Northampton Borough Council Planning Portal Reference is N/2016/0536 and not as stated. This relates to the change of use of the upper floors from offices to one single unit of residential accommodation. In addition, the Seller has provided floor plans within the legal pack to show the potential conversion of the upper floors from offices to three residential flats (subject to consents), however planning has not been granted on this basis.