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.

167/169 High Road, Loughton, Essex, IG10 4LF

the Lease: means the lease of 167 High Road Loughton (t/a two kitchens) dated 29 April 2020 made between (1) The Charles S. French Charitable Trust and (2) the tenant (being two individuals)
The tenant of the Lease has applied for landlord’s consent to assign the Lease to Village Grays Ltd (Co. No. 13700516). As of 7 May 2024, the Seller (as landlord) has consented to the proposed assignment in principle subject to:
(a) the current tenant providing an authorised guarantee agreement;
(b) Village Grays Ltd providing a 3 month rent deposit; and
(c) a formal licence to assign and rent deposit deed being entered into.
A draft licence to assign and rent deposit deed have been provided to the tenant’s solicitors who are yet to provide a substantial response. The form of those documents is provided in the auction pack.
Subject to the tenant and the tenant’s solicitors engaging appropriately in negotiation and completion of the assign and rent deposit deed referred to above, the Seller reserves the rights to grant the licence to assign permitting the tenant to assign the Lease for a period of up to 3 months. Subject to the licence to assign being entered into prior to actuation completion, the Buyer will take subject to the licence to assign.