Acuitus 17/10/2013 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 17 October 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 29

Park Plaza, Hayes Way, Hawks Green, Eastern Way (A460), Cannock, Staffordshire, WS12 2DE

The property has been measured on behalf of the auctioneers as follows:

Unit No. Address Floor Tenant Description Sq m  Sq ft
Chase House Grd & 1st George Wimpey Midland Ltd Office 922.15  9926
Unit 3 Chase House Grd Servevast Ltd Office  271.33  2921
Unit 5 Chase House Grd AST Design & Engineering Ltd Office 277.73  2989
  Chase House Total  1471.21  15836
Point North Grd 12 Separate Licences Office 262.55  2826
  Point North 1st MicroBan Europe Ltd Office 321.39  3459
Point North Total  583.93  6285
   Point South Grd & 1st 19 Separate Licences Office  455.83  4906
        Point South Total   455.83  4906
 Unit 1&2  Point East  Grd Springtide Ltd  Office   363.63  3914
 Unit 3  Point East  1st Pritchard Group  Office   197.11  2122
 Unit 4  Point East  1st Vacant  Office   174.77  1881
      Point East Total   735.51  7917
   Falcon Point  Grd Vacant  The Bespoke Resource Group Ltd   156.05  1680
   Flacon Point  1st Shearwater Rock Ltd  Shilling Mergers Ltd   191.03 2056
   Falcon Point  2nd Jeremy Lefroy MP  The Bespoke Resource Group Ltd   189.89  2044
   Falcon Point  3rd Vacant  Metropolitan Housing Trust Ltd   194.57  2094
        Falcon Point Total   731.54  7874
        Total   3,978.01  42,819


The serviced offices parts, the sellers have provided an un-audited account for 2012 and part of 2013 which is available to view in full in the legal documentation.


3 months to 31/03/2013 12 months to 31/12/2012
Income £35,387 £142,059
Expenditure £18,305 £80,096
Profit (before management fees) £17,082 £61,963


The auctioneers and the sellers can provide no warranty or assurance for these figures.