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.

Please note the Product Guide for the Octopus Bridging Loan has been updated and is dated March 2025.

ITT Unit, Bingley Road, Hoddesdon, Hertfordshire, EN11 0BU

Please note that the reversionary lease (with a schedule of condition annexed) and the licence to assign as referred to in Note 2 of the Tenancy and Accommodation schedule in the auction catalogue were completed on 14th October 2011. As stated in Note 2, the tenant will make a dilapidations payment of £250,000 on 20th March 2013 to the landlord at that time. The conversion from sq m to sq ft of floor areas in the accommodation schedule in the auction catalogue is incorrect. The correct conversion of approximate floor areas is as follows:

Ground	Warehouse / Office	6,625.67 sq m	(71,318 sq ft)
First	Office	1,222.13 sq m	(13,155 sq ft)
Mezzanine	Storage	205.55 sq m	(2,213 sq ft)
Total		8,053.35 sq m	(86,686 sq ft)

As to the tenancy and accommodation schedule, please note that there is a lease in place in relation to a sluice situated at the north west side of the car park as indicated on the site plan on page 77 of the catalogue. The piece of land on which the sluice is built is subject to a lease for a term of 999 years (less 10 days) from 23rd February 1960 between Bell & Webster Limited and The Urban District Council of Hoddesdon at a fixed rent of £5 p.a.x. For further information please refer to the relevant lease in the legal pack.