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.

19 / 21 Fore Street & Old Vicarage Place Shopping Centre, St Austell, Cornwall, PL25 5YY

The auctioneers did not gain access to Unit 1 19/21 Fore Street and Unit 9 Old Vicarage Place.

Indicative residential development plans have been drawn up and are available in the legal pack. The plans provide for a 40 flats scheme over two levels over the existing car park.

Please refer to the updated tenancy schedule in the legal pack and note the following amendments:
Old Vicarage Place:
- Unit 1 – please remove reference to the option to determine mentioned in note 1
- Unit 4 – The property is let for a term of 3 years from 27/09/2017 until 26/09/2020 and not as stated. The lease provides an option to determine on 27/08/2018 &27/08/2019
- Unit 5 – The 28/01/2016 rent review is outstanding. The next rent review after this is on 28/01/2019 and not as stated
- Unit 6 - The 05/02/2016 rent review is outstanding. The next rent review after this is on 05/02/2019 and not as stated
- Unit 7 – Please remove reference to a rent review
- Unit 8 & 11 – The lease provides a fixed rental increase to £35,000 p.a. on 15/07/2019 and a rent review on 15/07/2020.
- Unit 9 - The lease provides a rent review and option to determine on 15/01/2023 and not as stated
- Kiosk A – The lease to Timpson Limited was terminated on 22/04/2018 – The unit is now offered with vacant possession.
19/21 Fore Street:
- Unit 1 – The approximate floor area for the unit is 227.51 sq m (2,449 sq ft) and not as stated
- Unit 2 – The approximate floor area for the unit is 246.28 sq m (2,651 sq ft) and not as stated
- Unit 3 – The approximate floor area for the unit is 212.37 sq m (2,286 sq ft) and not as stated
- Unit 4 – The lease is for a term of 5 years from 29/09/2017 until 28/09/2022. The approximate floor area for the unit is 270.16 sq m (2,908 sq ft)

The total floor area for the entire property is therefore 3,357 sq m (36,138 sq ft). The total current income is £272,028 per annum exclusive.

Please note units 12a, 12b, 13 and 14 are in shell condition and therefore no rates are payable.