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.

12 / 20 High Street, Wickford, Essex, SS12 9AZ

The description of the property is as follows and not as stated on page 17 of the auction catalogue. The property comprises a regular and level site of approximately 0.10 hectares (0.25 Acres) identified in the land registry title number EX763955, upon which has been built a parade of retail units (12 to 16 and a small part of 18 High Street) with ancillary accommodation on the first floor rear and self contained offices on the first floor front as detailed below. The property also benefits from car parking. As the rent reserved under the terms of the lease is the greater of a minimum rent of £761.11 or 35% of the rents received as defined in the lease which includes a percentage of the rents received from 18 and 20 High Street, the floor areas of 18 and 20 High Street are also shown below.

Unit	Trading as	Floor	Use	Approximate Floor Area		Note
				Sq M	Sq ft
12	Bairstow Eves	Ground First (Rear)	Retail Ancillary	85.80 17.90	924 193	Included in the Freehold Demise being offered for sale.
14	Headlines	Ground First (Rear)	Retail Ancillary	102.70 22.00	1105 237
16	Favorite Chicken	Ground First (Rear)	Retail Ancillary	97.50 21.80	1049 235
12 -16		First floor (Front)	Offices	178.80	1924
18 (Part)	Santander	Ground (rear) First (rear)	Ancillary Ancillary	10.00 16.00	108 172
			Total	526.50	5667
18 (Part) –	Santander	Ground First ( extends partly over No 20)	Banking Hall Ancillary	265.70 421.80	2860 4540	Not included in the Freehold demise being offered for sale.
20	M&Co	Ground	Retail	445.90	4750
18 - 20	Papirfly	First floor (Front)	Offices	186.50	2007
18 (Part) and 20 (Part)		First	Storage	204.67	2203

 

The floor areas shown are as published by the Valuation Office Agency, save first floor 18 (Part) and 20 (Part). The floor areas are provided for a use as a guide only and do not form part of the contract of sale. The long lessee Tenant of 12-16 High Street is also the Freeholder of the 18 -20 High Street and has obtained planning consent under reference 17/00675 for 18 High Street for a two storey extension to create 18 apartments. A letter from the tenant has been received by the Seller. A copy of the letter is available within the legal pack. The mark up of the property on the street trading plan on page 17 of the Auction catalogue does not correctly identify the property being offered for sale. A copy of the Title plan correctly identifying the property is available within the legal pack.