Acuitus 19/10/2017 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 19 October 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 33

204 Old Christchurch Road, Bournemouth, Dorset, BH1 1PD

Updated Land Registry entries, Special Conditions and transfer deed in the legal pack were updated on 18 October 2017 to reflect the fact that the Seller owns both the freehold and also an historic long leasehold title in the Property. The Buyer will therefore acquire both interests and can if it wishes then close down the long leasehold title following completion.

A letter from Peter G. May Chartered Surveyors, addressed to Acuitus and Hamlins LLP, the vendor’s solicitors and dated 17th October 2017, was added to the Legal Pack on 18th October 2017. In addition, an email exchange dated 18th October 2017, in respect of discussions with the adjoining owner was also uploaded to the Legal Pack on 18th October 2017. These documents have been provided for information purposes only and on a non- reliance basis. Copies of these documents are available in the Legal Pack and at the Information Desk at the Auction.