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 44

Old Constitutional Club 8/14 Station Road, Hinckley, Leicestershire, LE10 1AW

As to the tenancy and accommodation schedule on page 71 of the auction catalogue, 10 Station Road has an approximate floor area of 78.47 sq m (845 sq ft) and not as stated. The first floor office accommodation is accessed via an entranceway on Station Road which also provides access to ancillary basement accommodation comprising approximately 146.13 sq m (1,573 sq ft). The total approximate floor area for the property is therefore 1,017.95 sq m (10,958 sq ft.) 3 Horsefair provides D1 non residential use accommodation and not retail use. The street trader plan on page 71 of the auction catalogue does not correctly identify the boundaries of each unit – please refer to the title plan within the legal pack.

The CPSE’s in the solicitors legal pack have been amended. Bidders attention is drawn to the answers to questions 4.1 and 5.3.