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Commercial Property
A freehold investment opportunity comprising 5 units located in Chesterfield. The industrial site extends to circa 1.532 acres and has a Gross Internal Area of 1272.11 sq.m (13,692 sq.ft).
The accommodation comprises -
Unit A1 - Let on a 6 year term commencing 01/03/2023 having a rent review on 01/03/2026 and extending to 2,300 sq.ft with a current rent passing of £12,650 per annum.
Unit A3 - Under offer and extends to 1,550.00 sq.ft. Proposed rent of £11,900 per annum.
Unit B1 - Let on a 3 year term commencing 21/02/2024 and extending to 3,487 sq.ft with a current rent passing of £24,295 per annum.
Unit B2 - Let on a 5 year term commencing on the date of sale completion and extending to 2,325 sq.ft with a current rent passing of £15,114 per annum.
Unit B3 - Let to on a 12 year lease commencing 01/06/2025 having a rent review on 01/06/2028 and extending to 3,487 sq.ft with a current rent passing of £22,750 per annum.
TOTAL INCOME - £74,809 per annum potentially rising to £86,709 per annum (subject to new lease on unit A3).
The units are located on Stainsby Close forming part of the Holmewood Industrial Estate positioned within a short drive to J29 of the M1 south-east of Chesterfield. The property benefits from an excellent roadside profile in amongst a mix of regional and national businesses.
Interested parties are advised to inspect the legal pack for more information and make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. See legal pack.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
