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Commercial Property
A freehold industrial investment comprising 16 units with a total GIA 12,862 sq.ft or thereabouts.
Current combined total income £84,864 per annum, with scope to increase.
Units benefit from roller shutters and secure gated access to the site which is split into two separate parts.
Let at £4,472 per annum.
Let at £4,472 per annum.
Let at £4,472 per annum.
Let at £5,720 per annum.
Let at £4,472 per annum.
Vacant.
Let at £5,720 per annum.
Let at £5,720 per annum.
Let at £5,200 per annum.
Used currently by the Council as an office - will be vacant possession.
Let at £6,500 per annum.
Let at £5,824 per annum.
Let at £4,940 per annum.
Let at £7,800 per annum.
Let at £9,256 per annum.
Let at £10,296 per annum.
Interested parties are advised to inspect the legal pack for more lease information and confirmation of latest rents. We have not had sight of leases and have relied on provided information.
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. 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.
