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Commercial Property
A freehold industrial investment opportunity comprising 4 units currently let and producing a gross income of £38,946 per annum.
The units feature roller shutters, a large forecourt and high eaves. The site extends to 0.84 acres (or thereabouts). Interested parties are advised to inspect the legal pack for more information.
The site is accessed off Bailey Drive in a predominantly industrial location on the Norwood Industrial Estate located to the north of Killamarsh and approximately 12 miles south-east of Sheffield on the A618, providing fast access to junction 31 of the M1 (approx 3.5 miles). Kiveton Bridge commuter railway station is a 6 minute drive. Norwood Industrial Estate is an established industrial location serving the local areas including Swallownest, Beighton, Crystal Peaks, Waterthorpe, Mosborough and Killamarsh.
Let on an agreement commencing 6/12/2015 for a 6 month term. It extends to 3,488 sq.ft and has a current rent £1 per annum (see legal pack).
Let on an agreement commencing 01/04/2023 for a 6 year term. The unit extends to 2,300 sq.ft and has a current rent of £12,300 per annum.
Let on an agreement commencing 20/04/23 for a 6 year term. The unit extends to 1,938 sq.ft and has a current rent of £11,150 per annum.
Let on an agreement commencing 01/08/2022 for a 9 year term. The unit extends to 2,905 sq.ft and has a current rent of £14,995 per annum.
Freehold. Subject to tenancy.
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.
