Acuitus 11/07/2013 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 11 July 2013

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 £1,250+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.

Lot 45

Unit G1 Northway Trading Estate, Northway, Tewkesbury, Gloucestershire, GL20 8JH

For the purposes of clarification, the tenant is currently benefitting from a rent free period due to expire on 24 September 2013. The seller has agreed to adjust the completion monies so that the unit will effectively produce £13,500 p.a.x. from completion of the sale. As to the tenancy and accommodation schedule, the property is a light industrial/office building currently used as a training facility and not a trade counter unit as stated. The property comprises accommodation as stated below and not as stated in the auction catalogue.

Floor Areas (GIA) Areas (GIA)
Ground 147.52 sq m 1,588
Mezzanine/First 121.83 sq m 1,311
Total 269.35 sq m 2,899

The boundary of the plan on page 70 of the auction catalogue does not correctly identify the property being offered for sale. The property includes an area to the front currently used as car parking and an additional area to the south. The title plan showing the correct extent of the property being offered is available for inspection within the legal pack. The buyer will be deemed to have inspected the property and to have purchased with full knowledge thereof. There is an electricity substation on the southern side of the site.