Industrial Development
An industrial investment opportunity comprising a warehouse sat on a square shaped site, extends to some 2,117m² (0.523 acres)
The building itself sits centrally within the site, with a parking area to the front for some 6-8 cars, access/delivery roads alongside each side of the property and a large open yard to the rear.
The building comprises a steel portal frame industrial building arranged in three bays, with a single storey office component to the front of the building, constructed under a flat roof.
Our assessment is of a gross internal area of some 809 m² (8708 sq ft) with Eaves height 3m and Pitch height 3.7m.
The property is currently let to Y Frame Discounts ltd on a 5 year term commencing 14 Jan 2022 with rent passing of £42,000 pa. Interested parties are advised to inspect the legal pack for more information.
The subject property is situated on Lowmoor Business Park at the southern end of Unity Road, off Byron Avenue, which is itself off Lowmoor Road, one of the principal routes leading into Kirkby in Ashfield from Sutton in Ashfield. There are regular bus and train services to Nottingham and Mansfield which are approximately 13 and 4 miles away.
respectively. The park has excellent road access via the A611 and A608 to Junction 27 of the M1 motorway and via Lowmoor Road and the A38 to Junction 28 of the M1 motorway, some 4 miles to the west.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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.
