Acuitus 15/12/2022 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 15 December 2022

All Lots

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.

Lot 8

474 High Road, Tottenham, London, N17 9JF

Please note there is a parcel of land to the rear of the property which is not demised to the residential or the commercial tenants however does form a part of the sale. Further information is available within the Seller’s solicitor’s legal pack, which is available to download from the Acuitus website. Bidders are deemed to have bid with full knowledge thereof.

On the 14 December 2022 the 999 year leasehold tenant Asher Solinsky and Oldhill Estates Limited (the “Oldhill”) of (mainly) the first and second floors of the building which long lease is dated 7 July 2006 and registered under title number AGL161064 issued a solicitors letter to the seller’s solicitors claiming that the demise of the commercial lease to KGR Tottenham Ltd dated 1 July 2021 included a small part of Oldhill’s demise at the rear of the building and claiming in addition that a small raised platform and refrigeration unit have been placed in this area by the commercial tenant and a small external (non structural) wall and bin area has been erected in breach of rights and in breach of the landlords obligation for quiet enjoyment and in derogation of grant and seeking removal of the platform, equipment bin area and wall as an initial part of any claim by Oldhill. The area that Oldhill considers to be affected is a small part of the yard area towards the rear of the property onto which a staircase discharges. The 2021 commercial lease was granted subject to all existing rights and matters affecting the freehold title and Oldhill’s lease was noted on that title at the date of grant. The purchaser at auction will be taking subject to any claim that Oldhill as tenant of the 999 year may have or seek to bring. Copies of the correspondence from Oldhill’s solicitors and Pinsent Masons LLP’s acknowledgement of such correspondence are now available within the legal pack.