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.

Merrington Lane Industrial Estate, Spennymoor, County Durham, DL16 7XL

Please note the photograph of the office accommodation on the bottom left hand side of page 38 of the catalogue page does not form part of the sale. The photograph of the single industrial unit on page 38 of the catalogue page, occupied by DS Smith, is a tenants improvement.

DS Smith Corrugated packaging Limited has requested to assign their lease by way of an authorised guarantee agreement to DS Smith Foams UK Limited, a subsidiary of DS Smith (UK) Limited. Please refer to the legal pack for further information.

Note 4 of the tenancy and accommodation schedule is not correct. The vendor and PS Managed Solutions Limited have entered into a tenancy at will which is available in the legal pack. The tenancy at will provides for PS Managed Solutions to occupy the unit at a rent of £8.14 per day (inclusive of service charge and insurance) (subject to increase in accordance with the terms of the tenancy at will) and bear full rates liability for the unit. Please refer to the legal pack for further information. The tenant is in occupation of the unit. The vendor and tenant have agreed additional rent payable of £3,500 p.a. pursuant to the tenancy at will from 24 June 2018 and the tenant will expand to 12,000 feet.