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.

Imex Business Park, Falxley Road, Stechford, Birmingham, B33 9AL

As to the tenancy and accommodation schedule, please note that the rent for Unit 5 (Mio Sleep Limited) is £4,100 p.a.x. A new Tenancy Agreement of Unit 21 has been completed to an individual for the use of storage/offices for a term of 3 years from 7 July 2016 to 6 July 2019 with tenant options to determine the Agreement on 7 July 2017 and 7 July 2018. The current rent is £2,940 p.a.x. A new tenancy agreement of Unit 1 has been completed to Flaxley Tyres Limited for a term of 5 years from 1 July 2016 at an annual rent of £9,350 p.a.x with a light industrial authorised use. A new tenancy agreement of Unit 2 has been completed to individuals and is for a term of 5 years from 1 June 2016 at an annual rent of £9,150 p.a.x with an authorised use of a café. The total current rent is therefore £187,531 p.a.x and not as stated in the auction catalogue.

Please note that the auctioneers were unable to gain access to all the units for the purposes of inspection. The floor areas stated in the auction catalogue have been provided by the seller and are used by them to calculate and apportion service charge and insurance. The buyer is deemed to have purchased with full knowledge thereof.