Acuitus 23/03/2016 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 23 March 2016

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.
Please note the Product Guide for the Octopus Bridging Loan has been updated and is dated March 2025.
Lot 10
The Gables, 116 High Street, Maldon, Essex, CM9 5ET
In respect of the rent review dates for the restaurant trading as Intimo, please note the rent review dates are 24th June 2018 and 5 yearly thereafter, not as stated in the auction particulars. In respect of the residential AST’s, for the avoidance of doubt, please note each term is for a period of 12 months less one day and therefore the Reversion dates in the auction catalogue for the AST’s should be one day prior than that stated in the auction particulars. All the AST’s are also subject to mutual break options, subject to two months written notice, but not before four months of each tenancy having elapsed. In respect of the approximate floor areas for the restaurant, please note the approximate Gross Internal Area for the Ground Floor should read 185.98 sq m (2,002 sq ft) and the basement (which has restricted head height but still regarded as useable storage space) should read 23.96 sq m (258 sq ft). The approximate total commercial floor area therefore should read 209.95 sq m (2,260 sq ft), and not as stated in the auction particulars.