Acuitus 22/02/2011 Important Auction & Property Update

ADDENDUM
To the Catalogue for
Auction Sale: 22 February 2011

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.

Please note the Product Guide for the Octopus Bridging Loan has been updated and is dated March 2025.

Lot 31

45, 45A, 45B & 45C Walm Lane, London, NW2 4QU

As to ground floor lease of 45 Walm Lane, please note that term is 12 years from 24th June 2001 until 2013 as demised in the Deed of Variation dated 29th March 2002 which extended the lease term referred to in the lease dated 1st April 1992.

As to ground floor residential flat 45a Walm Lane , please note that the flat is let to an individual on an Assured Shorthold Tenancy for a term of 6 months from 28th January 2011 until 27th July 2011 at a current rent reserved of £1126.66 per calendar month annualised at £13,519.92 per annum exclusive. Therefore the property produces a total rent of £51,879.92 per annum exclusive.

As to the 45b and 45c Walm Lane please note that the rents stated in Tenancy and Accommodation schedule on page 57 of the auction catalogue have been annualised.

Please note that the total floor area of 157.20 sq m (1,692 sq ft) referred to under the tenancy and accommodation schedule relates to the entire building (commercial and residential accommodation) and not just the commercial floor area as stated in the catalogue