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 42

The Headmasters Hall, The Old School House, The Square, Pennington, Near Lymington, Hampshire, SO41 8GN

Please note that as the Seller is offering this Property in the capacity of Mortgagees in Possession, the Property is being offered with limited title guarantee and therefore the purchaser will not raise any requisitions thereon. The Seller is unable to confirm that the Property is VAT elected or not and the Buyer will raise no requisition thereof. Please note that approximate total net internal floor areas in the auction particulars should read approximately 900 sq ft and not as stated, however, the floor areas are provided for a use as a guide only and do not form part of the contract of sale. The title plan outlined on the ordnance survey extract in orange in the auction particulars is for guidance only and buyers are requested to see the title plan in the legal pack to confirm the exact extent of the title being sold. Under ‘’description’’ and ‘’key details’’ in the auction particulars, please note that buyers are expected to make their own enquiries in respect of possible alternative uses for the property. Please note that completion of this sale will be 21 working days from the Contract Date. Please note that as stated in the Special Conditions of Sale, the Buyer will pay the Seller a contribution of 2% of the purchase price or £3,000, whichever is the greater, plus VAT, towards the sellers legal costs associated with the sale of the Property.