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.

Allied Business Centre & Warehouse, Potter Place, West Pimbo Industrial Estate, Skelmersdale, Lancashire, WN8 9PH

The orange boundary outline on the aerial photograph does not correctly identify the property being offered for sale. For clarification please refer to the title plans available within the legal pack and in particular Title Number LAN151164.

For the avoidance of doubt, the total approximate floor area of the office accommodation, known as Allied Business Centre is 3,046.20 sq m (32,790 sq ft) and not as stated in the description paragraph.

In relation to Warehouses 1, 2 & 3, Heads of Terms have been agreed for three new leases to Messenger Express Limited at a total rent of £250,000 per annum. The leases are to be full repairing and insuring and subject to a tenant break option on the first anniversary, subject to two months prior notice.

In relation to the new letting to GMC-I Prosys Limited, please note completion of the lease is subject to a programme of works totalling approximately £65,000. The works are to be commissioned and paid for by the vendor and are subject to a two month deadline with a long stop date of 23rd August 2018. Further details are available in the agreement for lease within the legal pack.

Updated Tenancy Schedule
In respect of the tenancy schedule as at close of business 22nd May 2018, on an annualised basis it is as follows:
1) Messenger £190,699.92;
2) GMCi £90,031.25;
3) Various Office Tenants £91,199.40;
4) Vendor Rental Guarantee £50,438.00.
Total £422,368,57 pa (net of ground rent £366,368,57 pa).
Should Messenger sign the new leases, the gross income will rise to £481,668.65 pa (net of ground rent £425,668.65 pa).

Landlord Expenses
Total rates suffered by landlord on inclusive leases total £16,058.96 pa.
Total service charge attributable to landlord is circa £33,411.80 pa.
Therefore the triple net equivalent annual income accruing to the incoming purchaser on a snapshot basis as of close of business 22nd May 2018 after the deduction of ground rent, to the best of the sellers knowledge is £316,945.47, rising to £376,245.55 as and when the proposed Messenger Express leases are signed.

Arrears
The arrears with the exception of Messenger Express across the entire site are just £323

Messenger (bearing in mind the Lot only came out of administration a year and a bit ago and the turnaround has been very fast and has involved taking a pragmatic approach with tenants).
During a meeting with the tenant in November 2017 the outstanding balance was £147,865.96, invoices that the tenant had been billed, the service charge and electricity recharges were all analysed and discussed. During the meeting due to such a large balance on the tenant’s account a payment plan was agreed. The tenant paid £36,000.00 on the day (7th Nov 2017) and then agreed to pay £10,000 per month towards the balance until the outstanding balance was cleared. This was to be paid on top of the monthly rent, service charge and electricity invoices and has been paid in full to date.
Historic arrears for Messenger are currently £49,255,65 and are subject to the payment plan outlined above. Historic arrears are forecast (at a July completion) to be £29,255.65 and to reduce thereafter to £0 over the ensuing 3 months.
In addition there are arrears for Messenger from January and March 2018 of £12,353.54 which are being actively chased.

Health & Safety
The landlord is committed to a schedule of works to improve the fire and electrical safety on site which are due to complete prior to completion. These works are being carried out at a cost to the vendor and the property will be sold with clean certificates in this regard.

The landlord has never commissioned a drainage report in regard of the property but their managing agents confirm that there have been no issues which have warranted any such investigation.