The property is being marketed for sale on behalf of the Joint Fixed Charge Receivers and therefore no warranties or guarantee in any respect, including VAT, can be given. The Receivers are not bound to accept the highest or any offer and are acting without personal liability
The guide price has been increased to £135,000+
The word "tenanted" in the last sentence of the description in the catalogue should be replaced with "terminated"
The purchaser must sign the standard NAMA letter confirming they are not connected to existing debtors or guarantors;
The purchaser must sign the standard NAMA letter confirming that neither they nor any person with a beneficial interest in the transaction is a NAMA officer (a template of which is included in the legal pack);
The purchaser must provide the following warranties:
The Purchaser warrants that it/he/she is:
(a) not a person connected to Darby Macy (Hill Street) Limited where “person connected to Darby Macy (Hill Street) Limited” means any of the following:
(i) a subsidiary company or related company (as defined under the relevant Companies Acts in the jurisdiction governing this Contract and each or both being referred to as “a Relevant Company”) of Darby Macy (Hill Street) Limited;
(ii) a company of which Darby Macy (Hill Street) Limited is the sole shareholder (“an Owned Company” );
(iii) a company controlled by Darby Macy (Hill Street) Limited, that is to say Darby Macy (Hill Street) Limited has an interest (either alone or together with (a) a Relevant Company, (b) a nominee (as defined in (iv) below) of Darby Macy (Hill Street) Limited, (c ) a trustee of Darby Macy (Hill Street) Limited, (d) a person in partnership with Darby Macy (Hill Street) Limited in connection with any credit facility or security1 or (e) an Owned Company) in 25% or more of the equity share capital or entitled to exercise or control the exercise of 25% or more of the voting powers at any general meeting;
(iv) a nominee , or person who may or does in fact act at the direction, of either Darby Macy (Hill Street) Limited or any of the parties referred to at (i) to (iii) above;
(v) a trustee (whether or not declared) where the beneficiaries include, directly or indirectly, Darby Macy (Hill Street) Limited or any of the parties referred to at (i) to (iv) above.
(b) The Purchaser further warrants and confirms that the Purchase Price payable under this Contract for Sale comprises the entire consideration being paid or passing in any form from the Purchaser in respect of the Subject Property.
A freehold redevelopment opportunity suitable for a variety of uses subject to the necessary planning consents. The property comprises three interlinked buildings arranged as warehouse, office and factory accommodation over basement to second floor with yard. The site extends to approximately 0.29ha (0.73 acres) Part of the premises are occupied by way of three separate tenancies at will at a principle rent of a peppercorn per week and can be tenanted by either party at any time.
Sutton Kersh - Auctions
2 Cotton Street,
t. 0151 207 6315
f. 0151 207 6316
We are following Government Guidelines to allow viewings to take place on vacant lots. Where possible, we will upload 360° tours or video tours and internal pictures of lots on our website and we advise that you view these before booking a viewing. We would respectfully remind all parties that strict social distancing will be applied to viewings and facemasks must be worn. You will be allocated a strict 10-minute slot, must attend alone, and wear a facemask. We do ask for your patience, it may not always be possible to accommodate everyone, but we assure you our team is working hard to keep the property market open.
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,800 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees)