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.

Plot D Mill Place Trading Estate, Gloucester, GL1 5SQ

Whilst the User clause in the lease states ”… car parking and light storage in connection with the Lessees’ business” please note that Lot 57 / Plot D is used for Car Parking and not as stated in the Tenancy and Accommodation schedule on page 81 of the catalogue. Bidders are deemed to have bid with full knowledge thereof.

A new Extra Special Condition 34 on page 18 shall be added to the Auction
Conditions as follows:

"34. The local search has been submitted but the Seller is awaiting
the result of the local search and will provide this to the Buyer
as soon as reasonably practicable upon receipt from the local
authority. The Buyer:
34.1 shall not require the Seller to obtain any no search indemnity
insurance for the lack of a local search result for the Lot;
34.2 shall not raise any requisitions, objections, claims for
damages, compensation, rescission or refuse to complete the
purchase on any grounds whatsoever including (without
limitation) the lack of a local search result being provided by
the Seller.
34.3 acknowledges and agrees that it has taken into account the
terms of this clause 34 and shall not be able to annul the
Transfer nor seek to abate or reduce the price in relation
thereto."