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 £1,250+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 March 2021.

Senate Electrical, Sandy Lane, Sidcup, London Borough of Bexley, DA14 5AJ

With reference to the tenant named in the auction particulars, the registered proprietor is ‘’Senate Group Limited’’, but the Seller has been unable to locate any assignment documents and no objections or requisitions shall be made in this respect. For the year to 31/12/13, Senate Group Limited reported a total net worth of £5,744,000 (Source: One Source One Stop Report 21/10/14). Senate Group Limited’s parent company is Rexel Senate Limited. Correspondence with the tenant, and invoices have been directed to ‘Rexel Senate’. Please note that the Auctioneers have been forwarded the latest Remittance Advice for payment of rent (dated 26/9/14) which comes from ‘’Rexel UK Limited’’ . A copy of this has been uploaded to the legal pack.
Please note that the Seller does not hold any copies of the rent review memoranda.
We understand that the tenant, is planning some investment that will enhance the external appearance of the property. To this end, the tenant is seeking consent from the landlord for external alterations. The tenant intends to commence improvement work at the end 2014 or the beginning of 2015. The seller has no further information regarding the tenant’s proposed alterations other than the cladding visuals provided in the legal pack.
The reply to CPSE 1 26.1 in the legal pack is incorrect and the answer should be ‘’yes’’’.
As far as the Seller is aware, no contributions have been demanded or paid in connection with the transfer dated 13th May 1996.
The Seller confirms that its building insurance was renewed in September 2014. Since the insurer is aware of this auction, it has agreed for the insurance premium to be paid pro-rata in arrears following completion of sale of this unit.