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.

189 High Street & 3 Pitsville Street, Cheltenham, Gloucestershire, GL50 1DF

An agreement for lease was exchanged with The Cornish Bakery Shops Limited t/a Cornish Bakehouse on 1 September 2023 and is conditional on the carrying out of interior works by the Landlord. Such works are due to be finished by Friday 8th September and the lease will be completed not more than 5 working days later. A copy of the lease will be available to view in the legal pack once it has completed.

The lease to The Cornish Bakery Shops Limited t/a Cornish Bakehouse has completed. The term is 10 years from 14/09/2023, the rent review date is 14/09/2028 and the break date is 13/09/2028. Please refer to the legal pack for further information.

As to the rent free period referred to in footnote (2), this will be dealt with by way of a deduction from the purchase price; the special conditions of sale contain a formula whereby the number of days between the completion date and the end of the rent free period are calculated at a specified daily rate to calculate the total deduction. Please refer to the legal pack for further information.

For the avoidance of doubt, the tenant is proposing to use the first floor accommodation for ancillary purposes and not as stated in the auction particulars.

The completion date of the sale will be the 23rd October 2023.