Acuitus 13/12/2021 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 13 December 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 £1,250+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 30

77-79 Main Street, Bulwell, Near Nottingham, Nottinghamshire, NG6 8QD

Please note there is a typographical error in the Special Conditions of Sale, transfer and auction particulars. The rent for Unit 79B Main Street commences on 25 January 2022 and therefore the tenant is paying a peppercorn rent until 24 January 2022 not 14 January 2022 as stated.

In respect of 77a & 77b Main Street (t/a Heron), please note the below floor areas were agreed between the parties at lease renewal in 2021:

Ground Floor
Sales/Ancillary – 3,637 sq ft
First Floor
Storage/Staff – 3,451 sq ft

Whilst the entire property is demised to Heron, part of the first floor is not used by Heron and cannot be accessed. For the avoidance of doubt, the approximate total floor area for the entire property should read 1,179.45 sq m (12, 696 sq ft) and not as stated in the auction particulars. The approximate floor areas are provided as a guide and do not form part of the contract of sale.