Acuitus 21/05/2020 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 21 May 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 35

44 King Street, Stirling, FK8 1AY

Please note reference to a residential flat at third floor level should be deleted. There is understood to be a former residential flat at first floor level which has been used as staff room and storage room accommodation in the recent past and is included in the GIA first floor floor area. There is access to a common stairwell which is accessible from street level to the left of the adjoining Alhambra Arcade King Street entrance. In addition, there is a further residential stair case to the north of the premises, which provides a separate access to the first floor retail space.
Furthermore, the second floor accommodation could be developed to form a residential flat but access to this area from the rear is not direct to the stairwell mentioned above. Both residential opportunities would be subject to planning and all necessary consents.

Please note that the rent quoted on the particulars, is inclusive of VAT.

Please note that Stirling Heritage Trust have agreed that they will discharge the standard security they hold on payment by the seller of part of the grant provided for works to the property. Further information of the works is available in the legal pack.