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.

363 / 371 Argyle Street, Glasgow City Centre, G2 8LT

The Insolvency Practitioner, Grant Thornton, has been unable to obtain consent from the current license holder. Accordingly, a Section 34 application without the apparent consent of the current license holder has been submitted. Grant Thornton have been advised by their licensing agent that applications are currently taking 8 weeks to process and there is no certainty that the transfer will be granted.
Grant Thornton have been advised that the prospective tenant is willing to wait in the hope that a transfer can be granted. It is likely that the transfer will not completed before the auction date, however it may be granted in the completion period.
The Buyers deposit will be held by the Auctioneers as Stakeholder for the Seller and not Agent. The Articles of Roup are being amended accordingly and will be available in the Legal Pack.