Acuitus 22/05/2014 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 22 May 2014

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 27

17/18 St Edmund Street, Weymouth, Dorset, DT4 8AR

The lease to The Southern Co-operatives Ltd is now subject to an underlease to Pranay Patel from 12/05/2014 until 08/05/2030; the shop has been rebranded as ‘Spar’. Details are provided within the legal pack in the Revised Special Conditions of Sale, the Notice of Underletting and the Form of Underlease. The freehold property being offered for sale includes all of the upper floors – all of the bow fronted building as shown in the picture on the catalogue page. The 1st floor comprises storage rooms (which do not have access from the shop below) and the 2nd and 3rd floors comprise a 3 bedroom flat. All of the upper parts are accessed from the separate entrance to the front. The planning consent for 3 flats over the upper floors has now lapsed, the permission was dated 04/11/2008. Copies of the consent and the listed building consent with the same date are included in the legal pack. The approximate floor areas are as below and not as stated on page 48 of the auction catalogue:



Floor Use

Sq m

Sq ft

Ground

Retail/Ancillary

154.02

(1,658)

First/Second/Third Residential/Ancillary

Not Measured