Light Industrial
An investment opportunity comprising a light industrial unit let on a FRI lease with rent passing of £37,500 per annum with effect from 24 June 2024.
The property is a steel portal framed industrial unit with 8 onsite parking spaces and a gross internal area of 6,871 sq. ft.
The property is located at the front of the Beazer court development comprising several light industrial units and accessed off the Belton Road, Loughborough. The M1 Junction 23 is a short distance away giving good access to the motorway network and Loughborough Town Centre within a mile. Leicester is a short distance away.
The property is let to Kindeva Drug Delivery Limited who signed a new lease for a term of 2 years commencing on 24 June 2024 to 23 June 2026 by reference to a previous June 1997 lease to 3M Healthcare Limited. The passing rent is £37,500 pa with effect from 24 June 2024.
Interested parties are advised to inspect the legal pack for more information.
The freehold title also includes the common estate accessway (which is to be included in the sale) subject to rights of way for all the other units on the Beazer Court estate. 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.
Freehold. Subject to lease.
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 Variable Fee (England and Wales).
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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
