Acuitus 05/12/2018 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 5 December 2018

All Lots

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.

Lot 7

15 Load Street, Bewdley, Worcestershire, DY12 2AD

HSBC are currently in the process of subletting the unit on a coterminous, 1954 Act excluded lease to JG Foods Limited T/A Grape Tree at £18,000 per annum. No applications have been made for landlord’s consent and it is understood this is not currently required. The sublease was due to complete on the 3rd December, however we understand it has not yet completed. For further information please refer to the legal pack.

The Seller does not have title to the adjoining ground floor passageway (to the side of the Property and adjacent to 17 Load Street) or to the area of the upper floors directly above the ground floor passageway. The Seller will transfer to the Buyer such right title or interest as it has in those areas (subject to any third party interests) and the draft Transfer will be amended accordingly.