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.

Cloisters Shopping Centre, Halsall Lane, Formby Village, Merseyside, L37 3PX

The property being offered is freehold except 5 small parcels of land within the car-park area which are all held on 999 year leases & are all subject to the Excel Car Park lease. Each long leasehold title included in the sale has a term for 999-years. Copies of the 999-year Leases and the respective leasehold titles have been provided in the legal pack. Four of the long leasehold titles are not subject to rent or reserved at a peppercorn. The fifth has a rent apportioned of £7 pa. No rent has been demanded during the Sellers’ ownership. In respect of Unit 6 (Specsavers), please note the lease term is 5 years from 7/11/20 and not 7/10/20 as stated in the auction particulars. In respect of the lease to N. Edmondson, Units F & G (15-16) Ground Floor, please note the lease term should read 5 years from 31/5/2020 & not as stated in the auction particulars. Please note that the vacant former gym/health care centre does not comprise the whole of the first floor but occupies the first floor over Units 2-4 & part over the M&S Foodhall. Some of the shops are arranged on the ground & first floors. In respect of the approximate floor areas, please note the following:

Unit	Floor	Floor Area Approx sq m	Floor Area Approx sq ft
Unit 1 Marks & Spencer	Ground First	934.23 (GIA) 359.33 (GIA)	(10,055 (GIA)) (3,868 (GIA))
Unit 2 Savers	Ground	256.90	(2,765)
Unit 3 Hallmark Jewellers	Ground	50.10	(539)
Unit 4 Under Offer	Ground	54.38	(585)
Unit 5 Oxfam	Ground First	56.55 35.11	(608) (378)
Unit 6 Specsavers	Ground First	54.03 33.88	(581) (365)
Unit 7 Village Newsagent	Ground First	56.57 36.02	(609) (388)
Unit 8 British Heart	Ground First	57.74 37.37	(622) (402)
Unit 15 N&N Treats	Ground	30.20	(325)
Unit 16 Hair Nicole	Ground	46.10	(496)
Former Gym/Health Centre	First	686.46 (GIA)	(7,389 (GIA))
Total		2,784.97	(29,977)

Please note that the approximate floor areas are for guidance only and do not form part of the auction contract.