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.

32 Stoney Street, Nottingham, NG1 1LL

In Schedule 1 of the Sale Contract for the Property there is a reference to a Retrospective Licence to Sub sub-underlet (“the Licence”). At present that Licence has not been completed. In the event that the Licence has not been completed by the time of the auction, the reference to the Licence at Schedule 1 of the Sale Contract will be deleted. If the Licence has also not been completed by the time that the sale of the Property is completed, the reference to the Licence will also be deleted from the Transfer deed (the form of which is annexed to the Sale Contract at Appendix A).
A new Condition 13.12 is to be included in the Sale Agreement for the Property as follows:
13.12 If the Buyer is the tenant under the Lease or a company in the same VAT group as the tenant under the Lease, the parties agree that conditions 13.1 to 13.9 (inclusive) shall not apply, the transfer of the Property shall not be a transfer of a going concern and the Buyer shall pay VAT upon the Purchase Price to the Seller on the Completion Date upon receipt of a VAT invoice from the Seller.