Acuitus 07/12/2017 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 7 December 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 40

27 / 29 College Street, Rotherham, South Yorkshire, S65 1AG

The Buyer should note the requirement in the Extra Special Conditions (Clause 2) and Appendix 1 in the Legal Pack to provide a properly completed counterparty notification form for KYC purposes, a copy of which is contained in the Legal Pack. The Buyer should note that the Seller reserves the right not to complete the sale if full and complete information as set out at Appendix 1 of the Legal Pack and also in clause 2 of the Extra Special Conditions is not provided for KYC purposes and further terminate the contract with the Buyer if such information has not been provided within 10 Business Days of the auction contract date.

In respect of the approximate floor areas as detailed in the auction catalogue, and in respect of footnote (2), please note the following. The approximate floor areas stated in the auction catalogue refer to the approximate floor areas for the entire property being offered for sale. The parts of the property which are being offered vacant are accessed from College Street. The parts of the property therefore which are not let to Poundworld Retail Limited (and included in the lettable floor areas), comprise the following;

First Floor-Approximately 859.32 sq m (9,250 sq ft)
Second Floor-Approximately 154.67 sq m (1,665 sq ft).

Please note that the first floor area stated in the auction particulars includes a Loading Bay let to Poundworld. For the avoidance of doubt, please note that the third floor (plant) is not vacant as per the ‘’Description’’ paragraph in the auction particulars, but is let (as per the tenancy and accommodation schedule in the auction particulars). Please note that on the street traders plan, 11 All Saints Square trades as Food Plus and 28/30 College Street is vacant.