Commercial Property
A freehold industrial investment opportunity comprising six units part let and currently producing £46,610 per annum and extending to 1.09 HA and with a GIA of 15,904 sq.ft. We feel there is scope to increase the rents in line with market levels and let the vacant units.
Brookfield Industrial Estate is accessed off Parkdale Road in Glossop and is well connected to the M67 motorway.
Let on a three year term commencing 18/12/23 extending to 2,906 sq.ft with a current rent passing of £18,200 per annum.
Let on a 10 year lease commencing 15/07/21 extending to 1,938 sq.ft with a current rent passing of £11,360 per annum.
Let on a 3 year lease commencing 01/04/22 extending to 1,986 sq.ft with a current rent passing £11,055 per annum.
Vacant and extends to 1,933 sq.ft.
Let with current rent passing of £5,995 per annum increasing to £11,995 per annum on the 01/04/26 and to extends 1,840 sq.ft.
Vacant and extends to 2,875 sq.ft.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to lease.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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.
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