Acuitus 15/05/2025 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 15 May 2025

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 33

138/140 High Street, Bromsgrove, Worcestershire, B61 8ES

The address for the property being offered for sale is referred to as 140 High Street, Bromsgrove, B61 8ES within Office Copy Register HW44961 and not as stated within the auction particulars. The mark up in the occupiers plan within the auction particulars does not correctly identify the property for sale. The correct mark up of the property being offered for sale is detailed within the Title Plan HW44961 which is available to inspect within the legal pack and the Buyer is deemed to have purchased the property with full knowledge thereof. The Valuation Office Agency floor areas for the Age UK shop stated within the Tenancy & Accommodation schedule in the auction particulars are incorrect and the Tenancy & Accommodation schedule is to be amended as follows:


Floor Use Floor Areas 
Approx sq m
Floor Areas
Approx sq ft
Tenant  Term  Rent p.a.x.
Ground
First
Retail 
Ancillary
141.68
90.38
(1,525)
(972)
AGE UK
(1)
5 years from 29/11/2024
(2)
£22,500
Ground 
First
Second
Retail
Ancillary
Ancillary
410.80
475.20
453.40
(4,421)
(5,115)
(4,880)
ARGOS LIMITED
(3)
5 years from 22/07/2024
(4)
£46,500
Total
1,571.46 (16,913)
(5)


£69,000

(1) Age UK (CRN: 1092198) is a registered charity operating from over 250 stores across the UK (www.ageuk.org.uk).
(2) The lease provides a tenant option to determine on 29/11/2027. 
(3) For the year ending 02/03/2024 Argos Limited reported a Turnover of £4,225,449,000, a Pre-Tax Profit of £37,345,000 and a Net Worth of £145,072,000 (NorthRow 04/04/2025).
(4) The lease provides a tenant option to determine on 22/07/2027.
(5) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
N.B. There is an electricity substation on the site.

Sold prior to auction.