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.

13 New North Street, Holborn, Central London, WC1N 3PJ

The property comprises accommodation as detailed below and not as stated on page 41 of the auction catalogue.

Floor	Use	Sq m	Sq ft
Lower Ground	Office	69.53	748
Lower Ground	Office (Restricted height between 1.49m to 1.57m)	16.92	182
Lower Ground	Storage (Restricted height between 1.49m to 1.57m)	9.47	102
Lower Ground	Kitchen	2.61	28
Ground	Office	66.68	718
Total Approximate Floor Area		165.21	1778

The floor areas are provided as a guide and do not form part of the contract of sale. As to the tenure, the property is held for a term of 125 years from 25th December 1996 at ground rent reserved of £150 per annum rising by £50 per annum every 25 years and not as stated on page 39 of the auction catalogue. The current rent reserved under the term of the occupational lease is £62,948 per annum exclusive until and including the 16th April 2019 when there is a fixed increased in the rent to £85,437 per annum exclusive. The Seller will pay the Buyer the difference between the current rent reserved of £62,948 per annum exclusive and £85,437 per annum exclusive from completion of the sale until 16th April 2019. Therefore the property will produce £85,437 per annum exclusive from completion of the sale.