Acuitus 25/09/2024 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 25 September 2024

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 June 2024.

Lot 5

2/2a Bridge Street, Stratford-upon-Avon, West Midlands, CV37 6AB

Sold prior to auction.

Lot 6

2 to 3 Clifton Terrace, Finsbury Park, London, N4 3JP

Sold prior to auction.

Lot 7

93 Haverstock Hill, Belsize Park, London, NW3 4RL

The completion period of this sale will be 20 working days after the Contract Date, as specified in the Special Conditions of Sale and not as stated in the auction particulars.

Lot 9

61/61a Kew Bridge Road, Brentford, London, TW8 0EW

Sold prior to auction.

Lot 10

Metropolitan House, 38/40 High Street & 47/48 Surrey Street, Croydon, London, CR0 1YB

As to Suite 3, the tenant, MDA Training Limited, has appropriately served notice to break their lease which will now expire on 24th March 2025.

Lot 12

3A & 3C Fort Fareham Estate, Newgate Lane, Fareham, Hampshire, PO14 1BY

As to Plot 3A, the Tenant is Drysdale Investments Limited and the rent is £20,000 per annum exclusive and not as stated within the Tenancy and Accommodation Schedule within the auction particulars.

As to Plot 3C, the lease provides for the 5 yearly RPI Linked Rent Reviews to be annually compounded.

The total approximate site area for Plot 3A is 0.27 Ha (0.675 Acres), and 0.39 Ha (0.97 Acres) for Plot 3C and not as stated in the Tenancy and Accommodation schedule in the Auction particulars of sale.

Lot 14

Torquay and Newton Abbot County Court, The Willows, 1 Nicholson Road, Torquay, Devon, TQ2 7AZ

With reference to footnote (3) in the auction particulars, please note the rent free period expires on 24/12/2024, and not 27/12/2024, as stated in the auction particulars. Therefore, for the avoidance of doubt, the Seller will top-up the rent, so the property effectively produces £123,750 p.a.x. from completion of the sale until 24/12/2024.

With reference to the tenancy schedule, the tenant is The Secretary of State for Levelling Up, Housing and Communities, and not as stated in the auction particulars.

Please note that completion of this sale will be six weeks from the contract date, or earlier by mutual agreement.

Lot 18

130 High Street, Oxford, Oxfordshire, OX1 4DH

For the avoidance of doubt, the term for Revive Medical Ltd should read “15 years from 14/03/2020”, and not until 14/03/2020, as stated in the tenancy schedule in the auction particulars.

Lot 19

143/145 High Street, Cheltenham, Gloucestershire, GL50 1DQ

Sold prior to auction.

Lot 20

The Wichel Inn, 2 Frogden Road, East Wichel, Swindon, Wiltshire, SN1 7AP

As to the Description, the property comprises a substantial two storey public house with public house/ bar and kitchen areas on the ground floor with a three-bedroom managers apartment on the first floor. The approximate floor area is 705.76 sq. m. (7,597 sq. ft.) and not as stated in the Description, Summary and Tenancy & Accommodation in the auction particulars.

Lot 21

The Apple Cart, Bellona Drive, Peterborough, Cambridgeshire, PE2 8GP

As to the Description, the property comprises a substantial two storey public house with public house/ bar and kitchen areas on the ground floor with a three-bedroom managers apartment on the first floor. The approximate floor area is 691.36 sq. m. (7,442 sq. ft.) and not as stated in the Description, Summary and Tenancy & Accommodation in the auction particulars.

Lot 23

Mytchett Place, Mytchett Place Road,, Mytchett, Camberley, Surrey, GU16 6DQ

Sold prior to auction.

Lot 24

197 Pollokshaws Road, Glasgow, G41 1PS

Sold prior to auction.

Lot 27

5 to 7 Station Parade, Harrogate, North Yorkshire, HG1 1UF

The Special Conditions of Sale provide for the Buyer to pay on Completion to the Seller in addition to the purchase price £2000 plus VAT.
Sold prior to auction.

Lot 28

28/32 Market Place & 1/3 Shoemarket, Pontefract, West Yorkshire, WF8 1AT

Please note that a small part of the Property is held long leasehold for a term of 979 years from 30th April 1749 at a peppercorn rent (not demanded)-please see title plans in the legal pack.

Lot 29

The Moon on the Hill, 373 to 375 Station Road, Harrow, London, HA1 2AW

Sold prior to auction.

Lot 30

The High Orchard, St Ann's Way, Gloucester, Gloucestershire, GL2 5FZ

As to the Description, the property comprises a substantial two storey public house with public house/ bar and kitchen areas on the ground floor with a three-bedroom managers apartment on the first floor. The approximate floor area is 732.70 sq. m. (7,887 sq. ft.) and not as stated in the Description, Summary and Tenancy & Accommodation in the auction particulars.

Lot 32

141 South Ealing Road, Ealing, London, W5 4QP

Please note that the first floor residential accommodation is currently occupied by a residential tenant. The tenant is due to vacate the property on 1st October 2024. Please therefore note that completion of the sale will take place 5 working days after the Seller has notified the Buyer in writing that vacant possession has been obtained, provided always that if such notice has not been served by the date that is 3 months after the date of this contract, either party can rescind this agreement by the service of written notice on the other.

Lot 33

530 Watford Way, Mill Hill Circus, London, NW7 4RS

Sold prior to auction.

Lot 36

Boots, 277-279 High Street, Bangor, Gwynedd, LL57 1PD

Please note that the tenancies are currently holding over. The tenancy terms noted in the catalogue reflect the agreed renewal terms. The renewals are at engrossment stage but have not yet completed. Please refer to the documents uploaded to the legal pack.

Lot 37

Unit 1 Hither Green, Clevedon, Bristol, Somerset, BS21 6XT

The Special Conditions of Sale provide for the Buyer to pay on Completion to the Seller in addition to the purchase price £2000 plus VAT.
Sold prior to auction.

Lot 40

46 East Street, Blandford Forum, Dorset, DT11 7DR

Sold prior to auction.

Lot 43

25 Strathdene Road, Selly Oak, Birmingham, West Midlands, B29 6QN

The mark up on the plan and the aerial photograph within the Auction Sales particulars does not accurately identify the property for sale. The correct mark up of the property being offered for sale is detailed within the Title Plan WM834916, which is available to inspect within the legal pack and the Buyer is deemed to have purchased the property with full knowledge thereof.

Lot 44

Units 1-5 & 7-11 Taylor Court, Carrs Industrial Estate, Haslingden, Lancashire, BB4 5LA

The mark up on the plan and the aerial photograph within the Auction Sales particulars does not correctly identify the property for sale. The correct mark up of the property being offered for sale is detailed within the Title Plans LA823516 and LA701734, which are available to inspect within the legal pack and the Buyer is deemed to have purchased the property with full knowledge thereof.

Lot 46

The Annex, Moor Court, Westfield, Gosforth, Newcastle-upon-Tyne, NE3 4YD

As stated in the Special Conditions of Sale in the legal pack, in addition to the Price, the Buyer shall pay to the Seller an amount equal to 1% plus an amount equivalent to the current rate of value added tax of the Price, as a contribution towards the legal and agent’s costs incurred by the Seller in connection with the sale of the Lot.

Lot 47

Imperial House & Riverhead, Victoria Street West, Grimsby, Lincolnshire, DN31 1DD

Sold prior to auction.

Lot 48

Unit 1, Stokenchurch Business Park,, Ibstone Rd, Stokenchurch, Buckinghamshire, HP14 3FE

Sold prior to auction.

Lot 49

Unit 2, Stokenchurch Business Park,, Ibstone Rd, Stokenchurch, Buckinghamshire, HP14 3FE

Sold prior to auction.

Lot 52

4b Market Place, Cannock, Staffordshire, WS11 1DD

Sold prior to auction.

Lot 54

238 Warrington Road, Whiston, Prescot, Merseyside, L35 2UA

Please note that access to the first floor is via a hatch and ladder only, leading to void space and not as stated in the auction particulars.

Lot 55

Worksop Road and Bootle Street, Newhall, Sheffield, South Yorkshire, S9 3TL

The mark up on the plan and the aerial photograph within the Auction Sales particulars does not accurately identify the property for sale. The correct mark up of the property being offered for sale is detailed within the Title Plan SYK494738, which is available to inspect within the legal pack and the Buyer is deemed to have purchased the property with full knowledge thereof.

As to the bullet points, the Valuable Reversion mentioned is in approximately 39 years time and not as stated in the auction particulars of sale.

Lot 56

3 Birley Moor Crescent, Birley Moor, Sheffield, South Yorkshire, S12 3AS

As to the description, the property comprises ground, first and second floors.

As to the bullet points, the property is Let to an Individual with approximately 28 years unexpired.
Sold prior to auction.

Lot 57

11a Icen Way, Dorchester, Dorset, DT1 1EW

The Lot is largely made up of unregistered land. The boundaries of the property are indicated on the following conveyances (together with the registered title number DT380329):
1. 23.11.1961 Conveyance made between (1) Edward Dinsdale and (2) Woods (Dorchester) Limited
2. 01.08.1962 Conveyance made between (1) W.E. Dinsdale and (2) Woods (Dorchester) Limited
3. 15.11.1962 Conveyance made between (1) Southern Gas Board and (2) Woods (Dorchester) Limited
4. 23.06.1978 Conveyance made between (1) Dorset County Council and (2) Woods (Dorchester) Limited

The Seller makes no representations as to the exact location of the boundaries of the property. A successful bidder will need to apply to the Land Registry for first registration of the Property and will need to establish the boundaries as part of that process.

The Property is to be sold subject to an existing overage regime which is detailed in the 2010 Transfer in the auction pack. A successful bidder will be required to enter into a deed of covenant regarding the overage regime in favour of the beneficiaries. The form of deed of covenant has been agree with the beneficiaries and the Seller’s solicitors are holding a signed Land Registry certificate of compliance.

Lot 61

35 York Place, Aberdeen, AB11 5FW

Please note that there is a rent free period granted to the tenant in leiu of roof and guttering works that the tenant has funded. Please see the legal pack for further information.
Sold prior to auction.

Lot 63

Units 3-5 Morrow Court and Unit 9 Lingard Court, Skypark Industrial Estate, Speke, Liverpool, Merseyside, L24 1UU

Unit 9 Lingard Court will not form part of the sale, please delete all references to Unit 9 Lingard Court.

For the avoidance of doubt, only Units 3, 4 and 5 Morrow Court will form part of the sale. The property comprises 3 three sites upon which there are currently three adjacent warehouse buildings producing a total rent of £1,530 p.a.x. and a site area of approximately 0.21 Ha (0.52 Acres), and not as stated in the auction particulars of sale. The correct mark up of the property being offered for sale is detailing within the Title Plans MS358842, MS350531 and MS350213, which are available to inspect within the legal pack and the Buyer is deemed to have purchased the property with full knowledge thereof.

As to the Tenure, the property is held on three separate titles. Unit 3 long leasehold interest is held for a term of 200 years from 20/10/1992. Unit 4 long leasehold interest is held for a term of 200 years from 22/07/1993, and Unit 5 long leasehold interest is held for a term of 200 years from 22/07/1993.

Lot 64

Unit 2 and 4, Dominion Court, Billington Road, Burnley, Lancashire, BB11 5UB

The mark up on the plan and the aerial photograph within the Auction Sales particulars does not correctly identify the property for sale. The correct mark up of the property being offered for sale is detailed within the Title Plans LA809226 and LA809230, which are available to inspect within the legal pack and the Buyer is deemed to have purchased the property with full knowledge thereof.