Property Description

A freehold industrial investment opportunity located in Staveley currently let and comprising 5 units and associated yard space, currently producing £119,540 per annum with scope to increase in line with market rents (subject to tenancy). GIA: 23,282 sq.ft (or thereabouts). Interested parties are advised to inspect the legal pack and make any other necessary independent enquiries before placing their bid, as this will be binding.

Units 1 and 2

Are held on the same lease with a 6 year term commencing 01/02/20 extending to 7,649 sq.ft (combined) and with a current rent passing of £44,695 per annum.

Unit 3A

Held on a 6 year lease commencing 01/06/26 and extending to 5,242 sq.ft with a current rent passing of £30,595 per annum.

Unit 3B

Held on a 10 year lease commencing 01/05/23 and extending to 4,844 sq.ft with a current rent passing of £23,260 per annum.

Unit 4

Held on a 6 year lease commencing 21/11/22 extending to 4,198 sq.ft and with a current rent passing of £20,990 per annum.

Note

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.

Tenure

Freehold

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