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.

5 - 7 London Street, Basingstoke, Hampshire, RG21 7AB

Please note that the first and second floors of the subject property interconnect with 3 London Street (Nat West Bank). Please note that 23 Winchester Street (formerly RBS) is now vacant.

The Seller confirms that the annual insurance premium payable by the tenant and the current quarter’s rent are outstanding. The latest invoices were uploaded to the Legal Pack on 4th December, along with a copy of the Insurance schedule. The Seller is confident that these sums will be paid prior to the completion date, based on the tenant’s payment record. Secondly, the Seller understands from the tenant that the passing rent under the sublease of the first and second floors is £48,000 pa and that the subtenant served a s26 notice in November, requesting a further 5-year sublease at £40,000 pa.