Acuitus 09/07/2014 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 9 July 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 24
Thetford Retail Shopping Centre, Riverside Walk, Thetford, Norfolk, IP24 2BB
The following are addenda to the printed catalogue page:
The 109 year lease from 19/12/2013 being offered for sale contains an option to purchase the Freehold.
Unit 33 let to Haart Limited is Guaranteed by Spicer Haart Property Services Limited. Unit 35/37 trades as Ice Nightclub at first floor only. Unit 39a is a retail unit at ground floor only, of 40.51 sq m (436 sq ft), the tenants are Ian Barry Peters and Yvonne Diane Peters (trading as Sweet Things); the lease is for 2 years from 15/08/2012 at £4,950 pa and falls outside the provisions of the 1954 Landlord and Tenant Act.
The total area is 4120.29 sq m (44,350 sq ft)
The total rent is £446,500 Gross Per Annum (£357,740 Net Per Annum)
The following units on the plan are occupied as follows: The vacant unit to the south of Lloyds Bank is within the demise of the Lloyds Bank tenancy. Unit 23 is occupied by St Nicholas Hospice, Unit 27 is occupied by Manser Plumbing and Heating.
The A11 dual carriageway upgrade referred to as complete is due for completion in Autumn 2014.
The long leasehold interest being offered for sale contains the following option to purchase the freehold : ‘The landlord grants to the tenant the option to purchase the landlord’s freehold reversionary interest in the property at any time during the first five years of the term by written notice given by the tenant to the landlord at a price of £1,900,000 (exclusive of VAT).’ Please refer to the lease in the legal pack for further details.