Commercial Property
DRAFT DETAILS
An opportunity to acquire a business centre consisting of four individual offices/industrial premises, part let and part vacant. Cromford House Business Centre fronts Amber Drive and has the benefit of up to 7 secure car parking spaces.
Two of the offices are let on 1 year rolling contracts and produce a combined income of £15,000 p.a.
A newly refurbished but vacant first floor office, Cromford Mews, benefits from 43m2 (470sq ft) of accommodation with separate kitchen facilities and ladies and gents WC’s.
The second vacant unit is part refurbished therefore in need of completion. It provides 11.2m2 (120 sq ft) of accommodation and has provision for a WC.
The Bailey Brook Business Park is situated off Amber Drive in the Nottinghamshire town of Langley Mill, close to the Derbyshire border. The location affords easy access to the A610 which, in turn, provides fast and convenient access to Junction 26 of the M1 Motorway.
Accommodation Schedule:
Made up of 47m2 (506sq ft) warehouse and 3 separate offices with a GIA of 33.6m2 (361 sq ft) Let on a 1 year rolling lease from March 2018 for £10,200 p.a. There are separate ladies and gent’s WC’s and kitchen facilities available.
42.1m2(453sq ft) factory/industrial space Let on a 1 Year rolling lease from June 2018 for £4800 p.a.
43m2 (470sq ft) First floor vacant office space with ladies and gent’s WC’s and separate kitchen facilities.
11.2m2 (121sq ft) Part refurbished office space.
Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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