Acuitus 07/11/2024 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 7 November 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 1

5 High Street, Hampton Wick, Kingston-upon-Thames, London, KT1 4DA

Please note that the lease to Dairo Limited is subject to a tenant only option to determine the lease on 6th October 2026-please see lease in the Legal Pack.

Please note that as stated in the Special Conditions of Sale in the legal pack, the Buyer shall pay a contribution to the Seller’s legal costs of £2,500 plus VAT on the Completion Date.

Lot 3

212 Upper Richmond Road, Putney, London, SW15 6TD

As to the retail unit on the basement and ground floor, the lease provides for a rent review on 1st September 2027 and a tenant option to determine the lease on 1st September 2027 and not as stated within the auction sales particulars.

The residential upper parts are let for a term of 125 years from 29th September 2001 at a rent of £50 per annum exclusive which doubles every 25 years and not as stated within the auction sale particulars.

Lot 4

78-79 Grange Road, Bermondsey, London, SE1 3BW

Please note that as stated in the Special Conditions of Sale in the legal pack, completion of this sale will take place on 6th January 2025, and not as stated in the auction particulars. Please note that, as stated in the Special Conditions of Sale, the Buyer will pay to the Seller the sum of £3,500 plus VAT towards the Sellers Solicitors fees.

Lot 5

36 The Goffs, Eastbourne, East Sussex, BN21 1HD

Please note that on completion and as stated in the Special Conditions of Sale, the Buyer shall pay to the Seller £2,000 + VAT towards the Seller’s costs.

In respect of Flat 2, please note the Residential Tenancy has been extended for a further term of 1 year from 29/2/2025 at £900 pcm (£10,800 annualised)-a copy of the extended residential tenancy is in the Legal Pack.

Lot 6

Tesco Express, 223 Station Road, West Drayton, London, UB7 7NQ

As to the Description, the property comprises a ground floor convenience store with ancillary accommodation at basement, accessed via a hatch. The first and second floors are accessed via an external stairwell and are currently under-utilised by the tenant.

The buyer must rely upon their own calculations as to the maximum rent that is permitted in the lease.

Lot 8

Co-Operative Convenience Food Store, 44 Knightcott Road, Banwell, Somerset, BS29 6HF

The buyer must rely upon their own calculations as to the maximum rent that is permitted in the lease.

Lot 10

2 Ilex House, Holly Road, Twickenham, London, TW1 4HF

Please note that completion of this sale will take place on 5th December as stated in the Special Conditions of Sale, and not as stated in the auction particulars. Please note that on completion, as stated in the Special Conditions of Sale, the Buyer shall pay to the Seller a sellers administration fee of £2,000 + VAT.

Lot 14

117-147 Commercial Road, Portsmouth, Hampshire, PO1 1BU

The annual rent in relation to 117 Commercial Road is 8.5% of the occupational rents or (where the tenant or an associated company occupies) 8.5% of the estimated rental value provided that where the occupational rent (or estimated rent where the tenant is in occupation) is less than £6,205pa the rent shall be £6,205pa. No rent is payable where the premises are unlet or not occupied by the tenant.

If the premises remain vacant for more than six months and the landlord can show that the tenant has not used reasonable endeavours to re-let, the tenant will be deemed to be in occupation for rental purposes. Where the premises are vacant for the purpose of substantial works, a period of up to 12 months applies.

Lot 17

Tetbury Industrial Estate, Cirencester Road, Tetbury, Gloucestershire, GL8 8EZ

The total rents reserved under the terms of the leases is £385,292 per annum exclusive and not as stated in the Tenancy and Accommodation schedule in the Auction sale particulars. A revised Tenancy & Accommodation schedule is available within the Legal Pack.

The identification plan in the Auction Sales Particulars does not show the full extent of the title being offered for sale. The Title plans showing the full extent of the property being offered for sale is available within the Legal Pack and the Buyer is deemed to have purchased with full knowledge thereof.

The floor areas stated in the tenancy and accommodation schedule in the Auction Sale Particulars have been estimated and do not constitute part of the contract of sale.

Lot 23

28-32 Gabriels Hill, Maidstone, Kent, ME15 6JG

Please note that completion of this sale will be 20 business days from completion, as stated in the Auction Special Conditions of Sale, & not as stated in the auction sales particulars.

Lot 26

Sites 1 and 2 Nowell Lane, Leeds, West Yorkshire, LS9 6HH

As to Site 1, the lease provides for rent to be reviewed every 10 years.

Lot 28

280 Kinfauns Drive, Drumchapel, Glasgow, G15 7AR

Please note that as stated in the Special Conditions of Sale in the legal pack, the Buyer shall reimburse the Seller for all costs of searches and disbursements incurred in relation to the sale of the Property on the Completion Date.

Lot 29

St Cuthbert’s Church Hall, Bridge Street, Lockerbie, DG11 2HE

Please note that as stated in the Special Conditions of Sale in the legal pack, the Buyer shall reimburse the Seller for all costs of searches and disbursements incurred in relation to the sale of the Property on the Completion Date.

Lot 30

Carrs Croft, 36 Priory Place, Craigie, Perth, PH2 0DS

Please note that as stated in the Special Conditions of Sale in the legal pack, the Buyer shall reimburse the Seller for all costs of searches and disbursements incurred in relation to the sale of the Property on the Completion Date.

Lot 32

Barclays Bank, 144-148 Regent House, York Road, Hartlepool, County Durham, TS26 9DU

The Special Conditions of Sale provide for the Buyer to reimburse the Seller for the legal pack to the value of £250.00 and for the Buyer to pay £3,500.00 plus VAT towards the Seller’s auction fees together with the listing fee of £350.00 plus VAT.

Lot 33

Unit 6 and 7 North Lynn Business Village, King's Lynn, Norfolk, PE30 2JG

Sold prior to auction.

Lot 37

Land at Lyndhurst Road, Ascot, Berkshire, SL5 9FD

VAT is applicable to this lot.

Lot 38

Aberaman Surgery, Glamorgan Street Aberaman, Aberdare, CF44 6SR

Sold prior to auction.

Lot 39

Site 12, Iveson House, Clayton Wood Close, Leeds, West Yorkshire, LS16 6RF

The Postal Address for the property is Koti Dawson, Clayton Wood Rise, Leeds LS16 6RH