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.

54/55/55a Ironmarket, Newcastle Under Lyme, Staffordshire, ST5 1PE

Please note that in respect of footnote (1), the Seller confirms that no Notice has been served by the tenant, Oxfam, pursuant to their break option dated 19/10/2022.
In respect of the lease to Oxfam (55 Ironmarket), please note the term is for 5 years from 19/10/2019, and not 24/2/2020 as per the auction particulars.
In respect of 55a Ironmarket, the lease renewal to PDSA has now completed and a copy of the new lease (5 years from 11th May 2022 with a tenant only break option at year 3) has been uploaded to the legal pack on the Acuitus website. The commencing rent for years 1 and 2 is £11,000 per annum, rising in Years 3 and 4 to £14,000 per annum and in Year 5 to £17,000 per annum, as per footnote (2) in the auction particulars. The total rent passing is now £29,750 pax, rising in accordance with the fixed rental increases.
In respect of 54 Ironmarket (Vacant), please note that the ground floor area should read approximately 1,130 sq ft, and not as stated in the auction particulars. The approximate total floor area therefore should read 6,007 sq ft and not as stated in the auction particulars. Please note that the approximate floor areas as stated in the auction particulars cannot be relied upon and do not form part of the Auction Sale Contract.