Acuitus 24/10/2019 Important Auction & Property Update
To the Catalogue for
Auction Sale: 24 October 2019
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.
48 - 50 South Street, Romford, Greater London, RM1 1RB
In respect of footnote (4) in the auction catalogue and the third bullet point under ‘’key details’’ in the auction catalogue, please note that the new 5 year lease for the part ground, first & second floors has been agreed in principle but is not yet completed, without break, at a rent of £40,000 per annum. The tenant & guarantor is as per the auction particulars. For the avoidance of doubt, the Tenant is currently in occupation and the Landlord is receiving an equivalent rent of £30,000 per annum.
Please note the following changes to the street traders plan (all in South Street) in the auction catalogue: 21/23- Creams; 53/55-KFC; 67-Palmers Shoes; 81-Gadcel and Repairs; 93-Discount Beds.