Acuitus 11/12/2019 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 11 December 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.

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 34

Units 1 - 11 Greyfriars Business Park, Frank Foley Way, Stafford, ST16 2ST

Please note the following changes in the tenancy and accommodation schedule:

Unit 1A-Please note that the lease is subject to a tenant only option to determine on 3/6/2023. In respect of footnote (1), the current passing rent is subject to a fixed rental increase on 3/6/2020 and not as stated in the auction particulars and an allowance will be made on completion of the sale to the fixed rental increase of £16,874 pa.
Unit 2A-Please note that the lease is also subject to a tenant only option to determine on 3/6/2023.
Unit 6A-Please note that this lease is subject to a tenant only option to determine on the third anniversary of the term in September 2022.
Unit 8B-Please note the tenant is Enabling Solutions Stafford, by way of a Tenancy at Will. The rent is £31 per day i.e. £11,315 pa annual equivalent
Units 8A/9A-Please note that the tenant is Staffordshire and West Midland Community Rehabilitation Company Limited (and not as stated in the auction particulars) with the guarantor as stated.


Please note that completion of this sale will be 30 business days after the Contract Date, as per the Special Conditions of Sale.