Acuitus 26/03/2026 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 26 March 2026

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 February 2026.

Lot 25

The Arcade, Harpur Street and High Street, Bedford, Bedfordshire, MK40 1NS

As to 4 Market Hall and with reference to footnote(4) Under the tenancy and Accommodation schedule, the lease has completed on 11/03/2026.

As to Unit 8a The Arcade, a new lease has been completed for a term of 3 years from 25/03/2026 at a rent reserved of £6,500 per annum exclusive. A copy of the lease is available on the Legal Pack.

As to Unit 9a and 9b Market Hall, Little Learning Lab LTD has signed a new lease for a term of 5 years from 25/03/2026 at a rent of £10,000 per annum exclusive. The lease provides for a fixed rental increase to £11,000 per annum exclusive on 25/03/2027 and further fixed rental increase to £12,000 per annum exclusive on 25/03/2031. The lease provides a Tenant option to determine on 25/03/2029 upon serving 6 months’ notice.

As to 10 The Arcade, a Reversionary lease has been completed for a term of 3 years from 15/06/2029 until 14/06/2032 at a Rent Reserved of the greater of £14,300 per annum exclusive or Open Market Rental Value. The lease will be subject to a Tenant option to determine the lease within 30 days of the Rent being determined. A copy of the lease is available on the Legal Pack.

As to Unit 16 The Arcade, the tenant is not in occupation of the property.

As to Unit 20 The Arcade, Robin Barbers Limited have completed a new 3-year lease from 25/03/2026 at £4,500 per annum exclusive.

As to 7 Market Hall, T/a Pumpernickel Health Food, a new lease has been completed for a term of 10 years from 17/03/2026 at a rent reserved of £12,000 per annum exclusive with a tenant option to determine the lease and a rent review on 17/03/2031.

As to 17 Harpur Street, on 23 February 2026 the tenant attempted to hand back the keys to the unit to the landlord. This was not accepted by the landlord. Since 23 February 2026 the tenant is no longer occupying the unit. The Seller has received correspondence from the tenant alleging a repudiatory breach of the lease and other issues. The Seller has written to the tenant refuting the allegations and, without prejudice, invited the tenant’s further response. So far no response has been received. On 3 March 2026 the Seller sent a letter before action to the tenant to recover tenant’s arrears.