Acuitus 09/12/2010 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 9 December 2010

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 £1,250+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.

Lot 17

The Lanchesters, 162-168 Fulham Palace Road, Hammersmith & Fulham, London, W6 9ER

Please note that a lease and a rent deposit deed made between FGL Investments Limited and Medical Illustrations UK Limited were entered into on 8th December 2010 for the ground floor of Unit 4. The term is for 5 years from the 8th December on a full repairing and insuring lease, subject to a schedule of condition, at a current rent of £15,500 p.a.x. The tenant is benefiting from a 2 month rent free period. Under the terms of the lease the tenant has an option to determine on the third anniversary of the term, subject to 6 months written notice and a break penalty of £2,583.

An updated schedule of arrears has been added to the special conditions confirming that Constable and Robinson Limited owe £920.19 due to an underpayment of the current quarter''s invoices.

As to the tenancy and accommodation schedule notes, Note 10 should read ‘For the year ending 31st December 2009, Felix (U.K.) Ltd reported a turnover of £14,853,000, pre-tax profits of £560,000 and a net worth of £1,000,000 (Source: www.riskdisk.com 02/12/2010)’ and not as stated on page 37 of the auction catalogue.