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.

112 - 114, Burnt Oak Broadway, Edgware, Greater London, HA8 0BE

In relation to the orange outline on the street traders plan, please note part of the property fronting Watling Avenue comprises ground floor only. For further information please refer to title no. NGL658487 in the legal pack. Buyers are deemed to have purchased with full knowledge thereof.
Please note that the Deed of Variation referred to in note 2 of the auction catalogue will not be completed prior to the auction day on the 19th May 2016. The property is therefore to be offered subject to the terms under the current lease which is for a term of 15 years from 11th April 2007 until 10th April 2022 at a current rent of £38,000 p.a.x. The lease is subject to a rent review on 11th April 2017 and a tenant option to determine on 10th April 2017 on providing 6 months’ prior notice.