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 £1,250+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 March 2021.

Waterdale Shopping Centre, Doncaster, South Yorkshire, DN1 3JN

Please note that the rental income figure of £473,075 per annum for the car parking in the auction catalogue is inclusive of VAT. The rental income figure exclusive of VAT for the year ending December 2012 is £378,460 per annum. The additional income of £22,387 per annum that is generated from service yard parking permits is as stated in the auction catalogue and tenancy schedule and is exclusive of VAT. Therefore, the total current gross rental income for Waterdale Shopping Centre is £937,922 per annum.
Further to an increase in the annual insurance premium at the last renewal (8t June) the current non recoverable building insurance shortfall has increased to £46,138 per annum from £33,474 per annum for the property. Please note that insurance premiums do fluctuate between landlords. Excel sheets labelled ‘Void and Inclusive Cost Schedule 2013-14 Insurance Recharge with New Figures – 9th July 2013’ and ‘Spreadsheet of Waterdale Insurance per unit – 9th July 2013’ have been added to the legal pack to reflect the amended insurance recovery.
As to the tenancy schedule dated 9th July 2013, please note that the ground rent of £25,000 under the lease of 41 – 51 College Road is incorrect and should state an annual headlease rent of £6,250. The total annual income shortfall for the property is currently £393,785 and the total current net rental income for Waterdale Shopping Centre is £544,137 per annum and not as stated in the auction catalogue or the tenancy schedule dated 9th July 2013. An updated tenancy schedule labelled ‘Waterdale Tenancy Schedule 11th July 2013’ has been added to the legal pack and replaces all previous tenancy schedules.
As this is an active asset management situation the income and expenditure can go up or down and therefore the information supplied is given in good faith but no warranty can be made by the Seller, the Receivers or their firm or any of its professional advisors as to the current gross or net incomes at the date of the sale. The purchaser is deemed to buy with full knowledge of this disclaimer.