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 28

Land Adjoining Gallagher Retail Park, Barrey Road, Ashford, Kent, TN23 7DH

With reference to the reply to enquiry 3.2 of the replies to CPSE 1 dated 12 May 2025 contained in the Auction pack, the SELLER has now received a service charge invoice from Cadeleigh Estates on behalf of Beaver Estates (Ashford) Investments Limited for the period commencing on 29 September 2020 and ending on 23 June 2025. A copy of the invoice (dated 5 March 2025) is provided. The SELLER has not been provided with any service charge certificate or itemised accounts in respect of the amounts invoiced as such information is required pursuant to the terms of the Transfer dated 6 June 1986 made between (1) Downs View (Investments) Limited and (2) Northern Foods plc. The SELLER is requesting this information from Cadeleigh Estates with a view to then querying the level of service charge that has now been invoiced.
For the avoidance of doubt, the service charge for the current period (the period beginning on 25 March 2025 and ending on 23 June 2025) as detailed in the invoice dated 5 March 2025 will fall to be apportioned between the SELLER and the BUYER pursuant to GENERAL CONDITION G10.