Acuitus 14/02/2013 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 14 February 2013
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 18
Sentinel House, 37-45 Surrey Street, Norwich, Norfolk, NR1 3UY
As to the catalogue particulars, please note that the 150 year lease to Aviva Life & Pensions UK Limited (formally Norwich Union Life & Pensions Limited) was assigned to Synergy Sunrise Trustee Limited and Synergy Sunrise Limited. The landlord has privity of contract rights with Norwich Union Life & Pensions Limited and Aviva are in occupation.
For the purposes of clarification, in 2004, Norwich Union concluded a property outsourcing contract with Land Securities Trillium. As part of this outsourcing contract an over-riding lease was granted by Aviva Life & Pensions UK Limited to the SPV ‘Land Securities Trillium (Horizon) Other Properties Limited and Synergy Sunrise (Sentinel House) Limited’ and upon completion of this lease, the 150 year headlease to Aviva was assigned. Simultaneous with the assignment, Aviva Life & Pensions UK Limited granted a new occupational lease to Norwich Union Central Services Limited to expire on 31st December 2029.