Acuitus 25/03/2021 Important Auction & Property Update

To the Catalogue for
Auction Sale: 25 March 2021

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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

The Common Auction Conditions have been updated as at March 2021.

Lot 43

166/174 High Street, Musselburgh, East Lothian, EH21 7DZ

‘As to lot 43, 166/174 High Street, Musselburgh, Please note that under Key Details the first bullet should read ‘Shop let to M&Co Trading Limited (trading as M&Co) on a lease with 5 years remaining(1)’ and not as stated in the auction details.
The first floor office lease to Penumbra is dated 18/12/2017 to 17/12/2022 and not as stated in the auction details.
The car park site is subject to a month to month licence and not as stated in the auction details
Note 1 under the tenancy schedule should read ‘ Tenant option to determine the lease on 25/03/2024 (upon three months written notice)’ and not as stated in the auction details.
Note 3 under the tenancy schedule should read ‘First floor is let to Penumbra at an annual rent of £12,000p.a.x.. Further information can be found in the legal pack.’ And not as stated in the auction details
VAT is applicable to this lot and not as stated in the auction details.
Please note that the lease includes a photographic Schedule of Condition. Parties are referred to the legal pack.