Acuitus 23/05/2019 Important Auction & Property Update
To the Catalogue for
Auction Sale: 23 May 2019
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.
There will be an administration charge of £600 (inclusive of VAT) required by the buyer of each lot payable to Acuitus Limited.
Norman House, Friar Gate, Derby, Derbyshire, DE1 1NU
Please note the passing rent for the part of the property let to Smiths (Solicitors) LLP is £78,635 pa with a fixed rental up lift in 2021 to £157,269 pa. On completion the Seller has agreed to adjust the completion monies, so that the part let to Smiths (Solicitors ) LLP will effectively produce £157,269 pa from completion of the sale.
With regards to the retail unit let to James Corbett Limited (t/a Firefly Photography) and the description paragraph, reference to part first floor ancillary should be deleted.