Commercial Property
An opportunity to acquire a large business premises consisting of four individual offices/industrial premises. Cromford House fronts Amber Drive and has the benefit of up to seven secure off road car parking spaces. A newly refurbished but vacant first floor office, Cromford Mews, benefits from 43 sq.m. (470 sq.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 11.2 sq.m (120 sq.ft) of accommodation and has provision for a wc.
There are two warehouses, Cromford House and Brook Court, which have recently been combined to make one large and versatile space but could be put back into two separate units easily if required.
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 47 sq.m (506 sq.ft) warehouse and three separate offices with a GIA of 33.6 sq.m (361 sq.ft). There are separate ladies and gent’s WC’s, and the large warehouse can be accessed from these offices.
42.1 sq.m (453 sq.ft) factory/industrial space. This has recently been combined with the Cromford House warehouse.
43 sq.m (470 sq.ft) First floor vacant office space with ground floor ladies and gent’s WC’s, storage room and separate kitchen facilities.
11.2 sq.m (121 sq.ft) Part refurbished office space.
Freehold. Vacant possession upon completion.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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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