Acuitus 26/03/2020 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 26 March 2020

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 36
4 & 6 / 8 Bartholomew Street, Newbury, Berkshire, RG14 5LL
Please note the lease of Unit 6/8 Bartholomew Street has completed. A copy of the lease and rent deposit deed is available for inspection in the legal pack.
With regards to Footnote 1 in the particulars, the initial rent of £12,000pa rises - 19th March 2021 to £12,500pa - 19th March 2022 to £13,000pa - 19th March 2023 to £13,500pa
The floor areas in the tenancy & accommodation schedule in the particulars are from the Valuation Office. The property has not been internally inspected by the auctioneers.
The floor areas provided for a use as a guide only and do not form part of the contract of sale.
With regards to the street traders plan in the particulars reference to Superdrug, Brighthouse, Gourmet Burger, The Works should be deleted.