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.

301-311 Railton Road and Arches to the Rear, Herne Hill, London, SE24 0JN

Please note that the property is producing a gross rent of £157,651 per annum exclusive and a net rent of £144,151 per annum exclusive and not as stated in the particulars.

As to the Tenancy & Accommodation Table included within the particulars, please note that the lease to OTC Holdings Ltd for Unit 644/645 includes Personal Guarantees. The lease also includes a rent review on the 5th anniversary of the term and is to include a minimum fixed rental increase. Further detail is available for bidders to inspect within the Seller’s solicitors legal pack, which is available to download from the Acuitus website. Bidders are deemed to bid with full knowledge thereof.

As to the Tenancy & Accommodation Table included within the particulars, please note that the current tenant of Unit 309 has been served a Section 25 Notice of the Landlord and Tenant Act 1954 (expiring 17 December 2022) and Rent Review Trigger Notice (expiring on 29 September 2022) by the Vendor. A copy of these Notices are available for bidders to inspect within the Seller’s solicitors legal pack, which is available to download from the Acuitus website. Bidders are deemed to bid with full knowledge thereof.