Acuitus 16/07/2026 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 16 July 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

New Look, 91 to 101 Lower Precinct, Coventry, Warwickshire, CV1 1DS

As to the occupational lease in favour of New Look Retailers Limited, the lease provides for a mutual option to determine the lease at any time on or after 13th August 2027, subject to serving not less than 6 months written notice and not as stated in footnote (4) under the Tenancy and Accommodation schedule in the Auction sale particulars. The lease also provides for a Service Charge cap of £192,166 which is subject to upwards only Consumer Price Index linked annual reviews.

The seller''s lease provides the seller''s landlord with a right of pre-emption where the seller proposes an assignment. After exchange, the seller must notify the landlord of the terms (including the price) on which the buyer has agreed to purchase the property, along with the details of the buyer, and must make an offer to the landlord to surrender the lease. The landlord has a 20 working day period to confirm whether it accepts the offer. If it accepts, the sale contract will be rescinded and the deposit returned to the buyer. If the landlord does not accept, the sale can proceed but must complete within 3 months of the end of the 20 working day acceptance period. The sale is also conditional on the landlord providing its written consent to the assignment.