Acuitus 16/02/2017 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 16 February 2017

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 5

8 - 12 Lee High Road, Lewisham, London, SE13 5LQ

The Land Registry copy of the lease of Additional Land adjoining the ground floor 10 – 12 Lee High Road dated 6 April 2016 made between Howard Burkeman (1) and All 2 One (Lewisham) Limited (2) (“the Additional Lease”) is not a true copy of the final completed version of the Additional Lease. The Tenant’s solicitor amended in manuscript the definition of Property in clause 1.1 of the Additional Lease. This amendment is an error. The true version of the Additional Lease is attached and does not contain this amendment.
The Additional Lease only demises the area edged green on the plan attached to the Additional Lease. The Additional Lease runs concurrently with the 2014 lease granted to the same tenant.
An application has been made to the Land Registry to rectify the title of the Additional Lease. A copy of the supplemental lease plan, letter to Land Registry and the lease (dated 6/4/2016) as executed by the Tenant is included in the Legal Pack.