Acuitus 30/03/2023 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 30 March 2023
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 45
Commercial Unit Block E & Commercial Unit Block G, Chapel Riverside, Old Mill Lane, Southampton, Hampshire, SO14 5BW
The completion period will be 20 business days after the date of the contract and not 6 weeks as stated in the auction particulars.
The Seller confirms that the long underleases at Items 9 and 10 in the Index to the auction pack have completed/been granted to Inland Limited for the purpose of the Seller having the ability to dispose of the Lot. The long underleases are attached and have taken effect as leases of the reversion to the occupational lease dated 26 May 2022 to Sparkle Cleaning – New Forest and South Coast Ltd; as such the Seller considers that it has the benefit of the tenant covenants in the occupational lease as a result of the grant of the leases to the Seller.