Acuitus 24/10/2019 Important Auction & Property Update

To the Catalogue for
Auction Sale: 24 October 2019

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 4

Unit 5 Teesway North Industrial Estate, Stockton on Tees, TS18 2RR

Please note the Term of the lease is 20 years from 1st May 1999 together with a reversionary lease granted to extend the lease by a further 5 years from 1st May 2019.

A recent inspection of the property has revealed that there is a small area of vegetation which seems to be fenced off separately from the property, but is within the registered title plan for the property. This does not include any buildings or parts of buildings. The seller has no further information than this and does not know when such area may have been fenced off from the property. The seller has also always assumed that the registered title plan is correct but has never been in physical occupation of the property, and does not know if any adjoining property may be able to establish a possessory title relating to such area"