Commercial Property
An industrial unit of approx. 1,904 Sq Ft (177 Sq M) located on Mercia Way on the Foxhills Industrial Estate. The unit is of steel frame construction having part cavity brick/block walls with cladding above under a mono-pitched roof which incorporates translucent panels to provide good levels of natural light. Accessed via single manual roller shutter door to the front elevation with separate personnel access door The building largely open plan with a mezzanine level providing ancillary office and storage space. We understand the unit is let and producing £5,371.57 per annum. (The current passing rent is below market value. We anticipate £10,000 per annum being achievable in the current market).
Open Industrial / Warehouse
Office
Leasehold. Commercial investment.
Auction Details
The sale of this property will take place on the stated date by way of Multi lot timed 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 1.8% of the purchase price (subject to a minimum of £3,000 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.
