Acuitus 12/02/2020 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 12 February 2020

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 19

61 & 61b-61d High Street, Haverhill, CB9 8AH

The Special Conditions of Sale provide for the Buyer to pay the Seller in addition to the purchase price 1% of the purchase price plus VAT and £2000 plus VAT towards the Seller legal costs.

As to unit 61c, the tenant is not currently trading from the property and the tenant has not paid the rent due since mid December 2019. The Seller has been unable to contact the tenant.

The property comprises floor areas as follows and not as stated in the auction particulars.

Unit Use Floor area
Sq m Sq  ft
Unit 61 Restaurant 184.87 1990
Unit 61B Retail 69.62 749
Unit 61C Retail 68.49 737
Unit 61D Retail 71.82 773
Total   394.80 4249

The floor areas are provided for a use as a guide only and do not form part of the contract of sale.

As to the street trading plan in the auction particulars, please note the following.

• 65 High Street is currently vacant and to let. The agents have informed the Auctioneers that heads of terms are agreed and the matter is in solicitors hands.

• 47 to 49 and 40 High Street is current not occupied.