Acuitus 23/03/2016 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 23 March 2016

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 2

165/167a High Street, Orpington, Kent, BR6 0LW

As to the tenancy and accommodation schedule, please note that the lease dated 14th November 2014 to Muhammad Fazan Tahir for ground and part first floor of 165-167 High Street, Orpington states that the rent during the first two years from the commencement of the term (14.11.2014) is £30,000 per annum (exclusive of VAT), rising to £32,000 per annum (exclusive of VAT) after the expiry of the first two years. Please therefore delete reference in the auction catalogue to the increase in rent to £32,000 from 14 November 2019.
As to the Description paragraph, please note that there is currently no access to the part of the first floor demised to the tenant trading as Starbucks Coffee from the ground floor. Access is from the rear only. The auctioneers were unable to gain access to inspect the remaining part of the first floor let to Easy Let Housing Ltd which we understand has been sublet. Neither the seller, the sellers solicitor or the auctioneers have had sight of any documentation relating to a subletting of this part and the purchaser is deemed to have purchased with full knowledge thereof. As to the street traders plan, No 168-170 is now occupied by Your Chair Specialist.