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.

59 - 65A High Street & 17 18 Bath Street, Redcar, TS10 3AF

As per the Special Conditions and updated Auction Pack, the results of a search at the Land Registry have revealed that part of the Property (as shown coloured blue on the plan attached to the Special Conditions) is registered at the Land Registry with two freehold title numbers. The Seller has made contact with both the Land Registry and the adjoining landowner in order to
resolve the position and clarify whether the land shown coloured blue is owned by the Seller or the adjoining landowner. No resolution has been reached as yet. Copies of the correspondence between Gateley Plc, the Land Registry and the legal team for the adjoining landowner is available as part of the auction pack. The Seller is only able to transfer such right, title and interest (if any) which it has in that land shaded blue on the plan attached to the Special Conditions. Following completion, it will be the Buyer''s responsibility to resolve the title query, and the Seller is under no liability in this regard. The Special Conditions state that the Buyer is aware of the issue and buys the Property subject to it. The Buyer will not be entitled to raise any queries on the Property after exchange of contracts.
Please note that the property comprises six shops with seven residential flats, which includes one flat in the demise to MH Roberts Limited located on the second floor.