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Commercial Property
A freehold industrial estate located off Crompton Road in Ilkeston offered with a current gross income of £126,545 per annum. Total GIA = 22,901 sq.ft plus 1,776 sq.ft Mezz
The site extends to circa 1.507 acres (or thereabouts).
The units benefit from brick and steel portal frame construction, roller shutters, high eves and a substantial yard area.
Ilkeston is well connected to the motorway network with Junction 25 and 26 a short distance away.
The site is sold subject to the following tenancies -
Let on a 6 year lease from 20/09/2023 to 19/09/2029 at £13,750 per annum (2,547 sq.ft).
Let on a 10 year lease from 01/05/2021 to 29/04/2031 at £11,000 per annum (2,325 sq.ft).
Let on a 6 year lease from 21/08/2025 to 31/03/2028 at £15,500 per annum rising to £17,700 year 3 (2,723 sq.ft).
Let on a 6 year lease from 01/01/2022 to 31/12/2027 at £17,500 per annum (3,326 sq.ft).
Let on a 6 year lease from 30/09/2022 to 29/09/2028 at £15,995 per annum (3,046 sq.ft).
Let on a 6 year lease from 31/03/2023 to 30/03/2029 at £9,300 per annum (1,550 sq.ft).
Let on a 10 year lease from 25/04/2023 to 24/04/2033 at £14,500 per annum (2,336 sq.ft).
Let on a 6 year lease from 16/03/2023 to 5/03/2029 at £29,000 per annum (5,048 sq.ft).
Interested parties are advised to inspect the legal pack and 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 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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