Acuitus 18/05/2023 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 18 May 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 27

71-73 High Street, Falkirk, FK1 1ES

The property does not include access to the Howgate Centre. The current access and right to install a shop front is held under a separate lease between the Howgate Centre and Wilko. Wilko pay a service charge direct to the Howgate Centre for this.
An agreement between the owners of the property and the Howgate Centre gives the property rights to use the Howgate Centre loading bay subject paying service charge to the Howgate Centre. The obligation to pay this service charge is passed to Wilko under the lease.
On the expiry of the Wilko lease, the owner of the Howgate Centre and the owner of the property are to cooperate to try and let the combined unit as a single trading unit. If they are unsuccessful the unit will be split into the two owned areas and the cost of building the dividing wall will be split 50/50. If the unit is split the property can continue to use the Howgate Centre’s loading bay subject to the owner paying service charge to the Howgate Centre.
All relevant documents are included in the seller’s legal pack and the buyer is buying subject thereto