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.

1-6 Bell Corner, Corbets Tey Road, Upminster, Greater london, RM14 2AT

As to Unit 4 and the lease to Ladbrokes Racing Limited, please note that the 2011 rent review is outstanding. A copy letter relating to the forthcoming Rent Review is included within the Legal Pack. The Seller has and will take no action with regard to the Rent Review and it will be for the Buyer to deal with this on completion.
Please note that the boundary plan outlined on page 29 of the auction catalogue does not show the correct extent of the property being offered for sale. A correct title plan showing the correct extent of the property is available within the legal pack and the purchaser is deemed to purchase with notice and full knowledge thereof.
As to Unit 5 a letter has been received from the Tenant concerning the rent and has been included in the Legal Pack. The Seller has taken no action in connection with this matter and it will be for the Buyer to deal with this on completion.
Please note that VAT is NOT applicable to this lot.