Acuitus 29/03/2012 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 29 March 2012

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 £1,500+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 June 2024.

Please note the Product Guide for the Octopus Bridging Loan has been updated and is dated March 2025.

Lot 22

Units 1-20 Sycamore Centre, Eastwood Trading Estate, Chesterton Way, Rotherham, South Yorkshire, S65 1ST

Unit 9 is currently being used as a Cafe and has permitted use for hot food take away. The boundary of the site plan on page 39 of the auction catalogue does not correctly identify the property being offered for sale. The title plan, which is included in the legal pack, is available for inspection. The buyer will be deemed to have inspected the property and to have purchased with full knowledge thereof. The seller has agreed to renew the lease for Unit 7 to Park Care Meals Ltd for a term of 5 years from 29th April 2012, with no option to determine and at a rent of £10,727 p.a. with an initial 6 months’ rent free. The sellers solicitor is in receipt of the signed documents from the tenant and the lease will be completed prior to the auction. A copy of the draft lease has been included in the legal documents and parties are deemed to have purchased with full knowledge thereof.
As to Unit 4, please note that the tenant JST Bars & Clubs Limited entered liquidation on 1 March 2012. As of 23rd March 2012 the seller has not received any notice of disclaimer from the liquidator and has no knowledge of the liquidators intentions. The tenant is not currently occupying the property.