Acuitus 28/03/2018 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 28 March 2018

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 42

18 - 20 West Park Street & 20 Bethel Street, Brighouse, West Yorkshire, HD6 1DU

With reference to 20 West Park Street a lease renewal has been agreed with the tenant and the lease is currently out for signature. The lease is for a term of 5 years from 11/05/2018 at a passing rent of £11,500 p.a.x. The lease provides a fixed rental uplift to £12,500 on the first anniversary of the term and £13,500 on the second anniversary of the term. The agreed form of lease is available in the legal pack. For the purpose of clarification the property comprises three ground floor units with office accommodation on first and second floors above 20 West Park Street and a self contained office suite on first and second floors accessed via Bethel Street Please note that the address for the property is 20 West Park Street and 18 & 20 Bethel Street, Brighouse, West Yorkshire, HD6 1DU The boundary plan on page 60 of the auction catalogue does not accurately identify the property being offered for sale and should include 18 Bethel Street (t/a Your Local Minimart). Please refer to the title plans available in the legal pack. The property comprises the following tenancies, accommodation and approximate floor arears and not as stated.

Unit Floor Use Sq M Sq Ft Tenant Term Rent p.a.x Review (Reversion)
20 West Park St Ground Office 52.54 565 INDIVIDUAL t/a Dermace Academy (1) 3 years from 11/05/2015 £11,500 (10/05/2018)
First 54.73 589
Second 50.79 546
18 Bethel Street Ground Retail 39.48 425 RETAIL SHOP LIMITED t/a Your Local Minimart 5 years from 30/05/2017 (2) £7,000 (29/05/2022)
20 Bethel Street Ground Retail 63.17 680 INDIVIDUAL t/a The Clinik (3) 6 years from 15/05/2015 £7,500 15/05/2018 (14/05/2021)
20 Bethel Street First Office 70.72 761 INDIVIDUAL t/a The Works (4) 5 years from 14/05/2015 £9,250 (13/05/2020)
Second 83.46 900
Total     414.89 4,466     £35,250  

(1) Dermace Academy run industry-leading training courses in semi permanent makeup and Medical Micropigmentation (Source: www.dermace.co.uk 01/03/2018). (2) The lease provides an option to determine on 30/11/2018 subject to 3 months written notice. (3) The Clinik provide a wide range of Cosmetic and Aesthetic treatments (Source: www.theclinik.co.uk 01/03/2018). (4) The Works Beauty Clinic is situated in the heart of Brighouse, West Yorkshire, and offers the largest range of beauty, Holistic and Aesthetic treatments in the area (Source: www.theworks-brighouse.co.uk 01/03/2018).