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.

Thomas A Becket, 320 - 322 Old Kent Road (A2), London, SE1 5UE

The Extra Special Condition three provides for the Buyer to pay the Seller an additional 1% of the purchase price. As to the Tenancy and Accommodation schedule, the 11 residential tenancies produce a total annualised income of £84,600 per annum inclusive of council tax and utilities and together with the commercial income of £55,000 per annum exclusive and £3,500 per annum exclusive, the property produces a total income of £143,100 per annum rising to £148,100 per annum in January 2019 and not as stated on page 25 of the Auction catalogue.

The seller’s solicitor has advised the auctioneers that the Local Authority legal department have confirmed that the provisions of the Localism Act as referred to in the Proprietorship register of title number SGL57661 at entry number 5 will not apply to this auction sale, as section 96 of the Localism Act states that a relevant disposal is only one which is a sale with vacant possession. A copy of the confirmation from the Southwark Legal Department is available to inspect within the legal pack.