Acuitus 15/02/2024 Important Auction & Property Update

To the Catalogue for
Auction Sale: 15 February 2024

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.

Lot 7

Hastings Old Town Surgery, The Ice House, Rock-A-Nore Road, Hastings, East Sussex, TN34 3DW

Upon successful bidding a Buyer shall agree the form of the occupational lease in accordance with the agreed heads of terms, which are available within the legal pack, prior to completion of the purchase. A buyer should take their own legal advice in this regard.

The passing rent for the occupational lease as stated in the agreed heads of terms is £125,255 pa and VAT will not be chargeable on this rent without the NHS’ prior undertaking that they will reimburse (in full) the cost of the VAT to the lessee. Please refer to the agreed heads of terms within the legal pack for further information.

The agreed heads of terms state that the lease is to be drafted on Internal Repairing Terms. Again further information is available within the legal pack.

Please delete reference to the completion period being six weeks as stated in the auction particulars. Please see the Special Conditions of Sale.

This property is being marketed for sale on behalf of Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.

There has been a water leak into the waiting room of the doctor’s surgery and an insurance claim in relation to this is ongoing.