Acuitus 18/10/2011 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 18 October 2011
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 22
582-584 Christchurch Road, Boscombe, Dorset, BH1 1BH
As the Tenancy and Accommodation schedule on page 37 of the auction catalogue, please note that the first floor area stated includes the floor areas of the toilets.
As to the street trading plan, TJ Hughes do not occupy 616 -622 Christchurch Road.
Footnote 2 under the tenancy and accommodation schedule should read as follows and not as stated on page 37 of the auction catalogue.
There are 2 leases, an original lease for a term of 10 years from 13th March 2001 and a reversionary lease for a term of 10 years from 13th March 2011 until 2021. The tenant has an option to determine the lease on 30th March 2019 with 6 months notice in writing and paying 5 months’ rent on exercising the option. The lease provides for a tenant option to renew the lease for a further 10 years from 13th March 2021.