Acuitus 13/02/2025 Important Auction & Property Update
ADDENDUM
To the Catalogue for
Auction Sale: 13 February 2025

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 11
13 Catford Hill, Catford, London, SE6 4NU
The property is being offered for sale subject to an Overage Provision, further details are available within the solicitor’s legal pack.
The Seller is aware of the electronic advertising board which they believe may be within the airspace of the Property. There is no agreement or rent in place relating to the advertising board. The current tenant has been granted a right of way in their lease (along the route shown shaded brown in their lease plan) over neighbouring land which has been demised under a long leasehold. There is no dispute as to these rights and the use of the neighbouring land, and the Seller has discussed this with the adjoining leaseholder with a view to varying their lease to deal with access points. Noting that the new buyer will be the freeholder of the Property and will not benefit from the Seller''s subsequent arrangement with the adjoining leaseholder, if required and requested by the buyer, the Seller can provide the buyer with a deed of easement for a limited period of the remaining duration of the current lease once they have concluded their agreement with the adjoining leaseholder.
For the avoidance of doubt, the triangular area shaded brown to the north of the Property as shown in the sales plan benefits from existing and undisputed access rights with and without vehicles and this right is set out in clause 12.3 of the transfer deed.
There are restrictive covenants and a restriction regarding disposals on title in favour of Network Rail which are detailed in the transfer deed.