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.

16-18 Rose Street, Wokingham, Berkshire, RG40 1XU

The retail unit is let for a term until 14th August 2037 by virtue of a lease for a term from 7th August 2012 until 14th August 2027 and a reversionary lease from 15th August 2027 until 14th August 2037 at rent reserved of £30,000 per annum exclusive. The Reversionary lease has been agreed and is with the tenant for signature and completion.

The Special Conditions of Sale provide for completion to be 30 days after the Reversionary lease has completed. In the event that the reversionary lease is not completed 8 weeks after the date of the contract the Buyer may either rescind the contract and the Seller will return the Buyer’s deposit within 48 hours of being notified that the contract has been rescinded or the Buyer may extend the completion date for another 4 week period to allow further time for the reversionary lease to be completed. If the lease is not completed after the extended 4 week period the Buyer may rescind the contract and the Seller will return the Buyer’s deposit within 48 hours of being notified that the contract has been rescinded.