Land For Sale £100,000
For sale by auction on Wednesday, 08 Dec 2021 at 11:00
Venue: Livestream Auction
Valuable Ground Rent Investment producing £3,600 pa
An industrial unit situated less than a mile north west of the city centre let to a long standing tenant. It is currently let to Classic Finishes on a 75 year lease from 1972 (26 years remaining) with a rent of £3,600 pa.
The site extends to around 0.16 acre and has hard standing with parking to the front and side.The neighbouring property occupier, Mitchell Fencing and Sheds at no 148 Oak Street, has a right of way to the side of the site to access the rear of his site.
According to the valuation office website, the property is described as a store and premises, and has an area of 342.9.sq/m and a rateable value of £11,750 with effect from 1st April 2017.
Rent Review
The next review date is in April 2035.
EPC Rating: E
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Valuable Ground Rent Investment producing £3,600 pa
An industrial unit situated less than a mile north west of the city centre let to a long standing tenant. It is currently let to Classic Finishes on a 75 year lease from 1972 (26 years remaining) with a rent of £3,600 pa.
The site extends to around 0.16 acre and has hard standing with parking to the front and side.The neighbouring property occupier, Mitchell Fencing and Sheds at no 148 Oak Street, has a right of way to the side of the site to access the rear of his site.
According to the valuation office website, the property is described as a store and premises, and has an area of 342.9.sq/m and a rateable value of £11,750 with effect from 1st April 2017.
Rent Review
The next review date is in April 2035.
EPC Rating: E
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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