Warehouse
The property comprises a modern detached steel portal framed industrial unit with a base specification including 6.6m eaves height currently occupied by Royal Mail and used as a sorting office held on an FRI lease.
The warehouse GIA extends approximately 6050 sq ft. The premises also include additional office space and a trade entrance along with kitchen facilities and WC. These have not been visually inspected or included in the measurement.
Externally to the front is parking for approximately 30 vehicles. The rear of the property comprises further parking for approximately 50 vehicles set behind secure gates. There is also a loading bay to along with two outbuildings (not inspected).
We have been advised the property is occupied by The Royal Mail and is held on a 10-year Fully Repairing and Insuring lease from 29 September 2020 with current rent passing £37,000pa. We have not had site of the lease and would advise interested parties to inspect the legal pack for more information.
The property is located along Opal Way in Stone within an area of industrial warehouses located a few miles from M6 Motorway approximately two miles North of Stafford town centre.
We are advised that VAT is applicable.
Strictly by arrangement with the Auctioneers.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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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