Acuitus 19/10/2017 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 19 October 2017

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 35

18 - 36 Chapel Walk, Sheffield, South Yorkshire, S1 2PD

The property comprises accommodation as listed below and not as stated in the Tenancy and Accommodation schedule on page 59 of the auction catalogue.

Unit Tenant Floor   Sq m Sq ft Comments
18 Claire’s Accessories uk Limited Ground Basement Retail Ancillary 69.68 72.84 750 784  
20 Cards for Good Causes Limited Ground Basement Retail Ancillary 74.72 12.25 804 132 Let Cards for Good Causes Limited for a term from 4th October 2017 to 18th December 2017 at a peppercorn rent
22 Vacant Possession Ground Retail 74.90 806 Head of Terms have been agreed for the unit to be let to Rewards International Limited from 23rd October 2017 to 24th December 2017 at a Peppercorn rent
24 (inc Basement under 20 & 22) Vacant Possession Ground Basement Retail Ancillary 66.12 214.60 712 2310  
30 Vacant Possession Ground First Retail Ancillary 17.21 13.52 185 146  
32-34 Whewell & Weger Ltd ta Andrews Café Ground First Retail Ancillary 86.68 26.63 933 287  
36 Individuals ta Stitch Express Ground First Retail Ancillary 19.02 19.33 205 208  
Total       767.50 8,262  

As to unit 18 let to Claire’s Accessories UK Limited, the lease provide for a tenant option to determine the lease at any time after 19th October 2016 by giving the landlord not less than 3 months prior written notice.