Industrial Development
An exciting opportunity at J1 A50. Planning for a 5 unit scheme with 25 parking spaces as detailed below -
Units 1 - 4: 976 sq.ft floor plate plus 400 sq.ft mezz (1,376 sq.ft total).
Unit 5: 956 sq.ft floor plate plus 344 sq.ft mezz (1,300 sq.ft total).
It is the opinion of the agent STP the site may be suited to an owner occupier looking to build a singe detached block of circa 10,000 sq.ft. The site is accessed off public highway. We are advised remediation works have been undertaken which includes removal of the former filling station tanks.
The site has been measured using OS mapping. The proposed accommodation has been measured on a Gross Internal Area (GIA) from Architects plans. Interested parties are advised the site was formally a petrol filling station.
Total Area - 0.5 acres (0.2 heactares).
The site is superbly situated at the north quadrant of Junction 1 of the A50, set below the road level and accessed via the B5010 / London Road. The site is close to a range of major commercial occupiers and with excellent commuter links. The Aldi Regional Distribution Centre is located at the same junction of the A50. Local amenities and the Trent Lane Industrial Estate are situated 1.5 miles south at Castle Donington. EMA is 4.5 miles to the south. J24 of the M1 Motorway is 2.4 miles southeast.
By way of a planning permission referenced 18/01115/FUL the site benefits from consent for the erection of 5 industrial units (use class B1c) and associated parking. By way of a planning permission referenced 19/01823/NMA permission was granted for alterations to the design and proposed materials of the above scheme. In respect of the Planning Conditions are advised: 1, 2, 3, 4, 7, 8, 9 and 13 are compliance or PD conditions and do not require discharging. 5, 6, 11, 12, 14, 15, 16 and 17 have been discharged. 10 is to be discharged on commencement of construction. Further enquiries should be directed to the agent or the planning team at North West Leicestershire District Council. The site in in flood zone FZ 3.
It is understood that new electric connections are required. A quote for the electric has been obtained from Western Power at £31,000. There is a septic tank onsite for foul water.
All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.
Unaccompanied roadside viewings are possible.
The auctioneers have not inspected the site and the details have been prepared by the joint agent.
Freehold. Vacant possession upon completion.
Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.
Auction Method:
The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date through SDL Property Auctions’ website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions’ Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type- Unconditional with Fixed Fee:
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of the property and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit:
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack:
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale:
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Property Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
