Acuitus 12/02/2015 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 12 February 2015

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 43

Land & Buildings, Brown Street, Windyhill Road and Stoneygate Road, Greenholm, New Milns, Ayrshire, KA16 9AG

As to the description and accommodation schedule on page 65 of the auction catalogue, please note the approximate floor areas and description are as outlined below but a full breakdown is available in an independent measured survey which has been completed and is available to review in the legal pack. While the entire demise is let to the tenant we understand that parts of the property in Area 3 are currently un-occupied in addition to the buildings in Area 2. Please note that this is for information purposes only and purchasers must rely on their own inspection and measured survey. Neither the Administrators, the Auctioneers nor the Seller offer any warranties or guarantees with regard to the accuracy of the measured survey.

Area

Use

Sq M

Sq ft

Area 1 Warehouse 1,857.85 19,998
Warehouse 1,944.87 20,934
Total 3,802.72 40,932
Area 2 Industrial 9,070.80 97,637
Mezzanine Offices 209.01 2,250
Ancillary Building 237.20 2,553
Total 9,517.01 102,440
  Industrial 9,788.14 105,359
  Mezzanine Offices  162.92  1,754
  Prefabricated Offices  63.92  688
Total    10,014.98  107,800
Area 3 Warehouse / Ancillary 2,292.55  24,677
  Offices  1,560.54  16,798
  Amenity Building  218.63  2,353
Total   4,071.72  43,828
Grand Total    27,406.44  295,000

For the purposes of clarification, please note that the building in the far left of the photo labelled ‘Area 3’ on page 64 of the auction catalogue is understood to be within Area 2. The building on the far right of this photo is within Area 3. A new clause 4.20 shall be inserted into the Articles of Roup as follows “The Vendor shall use reasonable endeavours to deliver a discharge or discharges (as the case may be) duly executed by the heritable creditor or creditors in any standard security affecting the Property as soon as reasonably practicable after the Settlement Date. Clause 4.20 in the Articles of Roup shall be amended as follows: The words, “The Vendor shall use reasonable endeavours to deliver a discharge or discharges (as the case may be) duly executed by the heritable creditor or creditors in any standard security affecting the Property as soon as reasonably practicable after the Settlement Date.” shall be deleted and replaced with, “At the Settlement Date, in exchange for the price and other items referred to in these Articles of Roup, provided the price offered by the Purchaser for the Property is either at or greater than the said reserve price, the Vendor shall deliver a discharge or discharges (as the case may be) duly executed by the heritable creditor or creditors in any standard security affecting the Property.”