Acuitus 10/07/2025 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 10 July 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 January 2025.

Lot 28

Muse House, Newark Road, Peterborough, Cambridgeshire, PE1 5YD

The Receivers have not received any rental payments under the TENANCIES, despite issuing demands to the parties believed to be the tenants. The Receivers do not intend to collect any ARREARS from the BUYER and the Receivers have no further information as to what rents may have been collected by the SELLER.

To the best of the Receivers’ knowledge, VAT is not applicable to the LOT as HMRC has confirmed that the LOT is not subject to an Option to Tax. If, after COMPLETION, it is found that the sale of the LOT is subject to VAT (in whole or part) then the provisions of CONDITIONS G15.6(a) and G15.6(b) are to apply in the same way, with any necessary changes made to reflect the circumstances.