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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.
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.
The sale excludes the land tinted green on the plan.
Freehold. See legal pack.
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.
