Acuitus 27/05/2010 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 27 May 2010

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.
Lot 34
New York New York Nightclub, 18-20 St Peter's Street, Bedford, Bedfordshire, MK40 2NN
As to the ??escription? paragraph, please note that there is no outside drinking area to the front of the property.
Please also note that there is currently no internal access to the second floor, access is gained from the rear via an external walkway up and over the roof.
On 26th February 2010, Atmosphere Bars and Clubs Limited acquired the assets of the 3D Entertainment Group Ltd. As a result, Atmosphere operates 31 bars and clubs. It has no bank debt. Last year, the bars and clubs now operated by Atmosphere produced an EBITDA of approximately £6.6 million. The business is backed by Sun Capital Partners Inc, which has invested approximately £10m in the business in cash. This information has been provided by the Atmosphere management team but purchasers should rely on their own research and enquiries.
Sun Capital Partners Inc is a leading private investment firm, typically investing in companies with strong market positions and long term competitive advantages. Sun Capital affiliates have invested and managed more than 220 companies, employing over 170,000 staff and achieving combined sales in excess of $40 billion. This information has been provided by Sun Capital Partners Inc website.