Acuitus 24/05/2018 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 24 May 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 31

1 - 12 Tower Buildings, Blackwell Street, Kidderminster, Worcestershire, DY10 2DY

Please note the orange outline on the street traders plan in the auction catalogue, highlighting the extent of the freehold demise, is incorrect. It should include Unit 1 (Bombay Blues), the driveway between Units 1 & 2 (Dominos) and the entrance to the under croft car park –please see title plan in the Legal Pack for clarification.

Please note the following in respect of the Tenancy and Accommodation schedule in the auction catalogue:

Unit 1 (Ground/Part First), Unit 2 (Ground) & Unit 4 (First floor) have not been inspected by Acuitus. The floor areas stated in the auction catalogue for Units 1 & 2 have therefore been taken from the VOA. In respect of Unit 4 (First floor), the VOA confirms this area to be 8,295 sq ft. In respect of Unit 9, there is a small mezzanine area of 215 sq ft. The Flat at first floor above Unit 9 has not been measured by Acuitus. Part of the first floor area above Unit 12 (sublet) was not inspected by Acuitus so we are unable to verify this floor area.

For the avoidance of doubt, the parts of the first floor in the catalogue that are not currently let, amount to approximately 9,708 sq ft, with the remainder of the first floor accommodation (let to various tenants) amounting to approximately 1,960 sq ft. The ‘’total’’ floor area stated in the catalogue is incorrect and should not state 45,467 sq ft. The total area should read approximately 34,576 sq ft; with approximately 11,165 sq ft on Ground Floor, 11,668 sq ft on Mezzanine/First Floors (not including the Flat above Unit 9) and 11,743 sq ft on the Second Floor.