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.

17 & 18 Devonshire Square, Loughborough, Leicestershire, LE11 3DW

As to the description paragraph and the tenancy and accommodation schedule, please note that the accommodation and approximate floor areas are as follows and not as stated on page 65 of the auction catalogue.

Unit	Floor	Use	Sq m	Sq ft
RBS	Ground	Banking Hall	297.35	3,200
	Ground	Strong room	12.54	134
			309.89	3,334
Vacant Unit (Odyssey)	Ground	Retail	373.54	4,020
	Ground	Ancillary/Masked Area	16.92	182
	First	Ancillary	71.61	771
			462.07	4,973
Total Approximate Floor Area			771.96	8,307

Please note that there is no second floor. There is parking at the rear for at least 10 cars. Upon inspection by the auctioneers it was noted that there are cars parked within the title area. Neither the Receivers or the Sellers Solicitors have had sight of any documentation in relation to rights to park. Relevant parties may have rights to park at or upon the Property or any part of it, whether by express agreement (not seen or registered), established long use, or some other informal arrangement and the buyer is deemed to purchase with full knowledge thereof. As to Note 2 of the tenancy and accommodation schedule on page 65 of the auction catalogue, please note that lease to Odyssey Furniture Limited has now completed. The term of the lease is 14 years from 10 February 2016 until 9 February 2030 with 5 yearly rent reviews. There is a tenant option to break at the end of years 5, 8 and 11 on with no less than 6 months’ prior written notice. The rent from years 1 to 3 is £35,000 p.a.x increasing to £40,000 p.a.x in years 4 to 5. The tenant is benefiting from a rent free period to and including 9 August 2016. The seller has agreed to adjust the completion monies so that the property will effectively produce a total rent of £88,000 p.a.x from completion of the sale. A rent deposit of £17,500 will be transferred to the purchaser on completion. A copy of the lease is available in the legal pack and the buyer is deemed to have purchased with full knowledge thereof.