Unit 12 Market Industrial Estate, Yatton, Yatton, BS49 4RF

Guide Price £135,000 - For Sale By Auction - LOT 19

WELL PRESENTED INDUSTRIAL UNIT LET AT £15,500PA

  • For Sale By Public Auction
  • Tuesday 27th February 2018
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

Well presented light industrial unit currently used as offices (approximately 2,395sqft) benefiting from air conditioning and off-street parking to the front. The unit is let to 'The Costain Group PLC' at £15,500 per annum on an effectively Full Repairing and Insuring basis.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 27th February 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

WELL PRESENTED INDUSTRIAL UNIT LET AT £15,500PA

DESCRIPTION -

A well presented light industrial unit used solely as office space, benefiting from air conditioning and off-street parking.

LOCATION -

Situated close to Yatton town centre providing easy access to the M5 and A38.

ACCOMMODATION -

Approximately 2,395sqft gross internal area.

TENURE -

We understand the property is held on 125 year lease granted December 1981.

GROUND RENT -

There is a ground rent payable which we are informed is set at 15% of the market rent which is currently stands at £2,428 per annum (subject to review).

TENANCY DETAILS -

Let at £15,500 per annum on an effectively Full Repairing and Insuring basis from a period of 12 years from January 2014 subject to 3 yearly break clauses and rent reviews. The Costain Group combined share value currently stands at £371.67million (correct at time of print).

VAT -

We are informed the property is not subject to VAT.

ENERGY PERFORMANCE CERTIFICATE -

Rating: C.

SOLICITOR -

Mr I Bray
Wards
52 Broad Street
Bristol BS1 2EP
Telephone: 0117 943 4803
Email: iain.bray@wards.uk.com

BUYERS PREMIUM -

Please be advised that all purchasers are subject to a £750 plus VAT (£900 inc VAT) buyers premium payable upon exchange of contracts.

*GUIDE PRICE -

Guide Prices 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 Reserve Price (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.

RESERVE PRICE -

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PROXY BIDDING -

If you are unable to attend the auction then you can submit a proxy bid. This will authorise a representative of Maggs & Allen to bid on your behalf up to a pre-set amount. The proxy bidding form is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and 2 cheques (one for the 10% deposit and one for the buyers premium of £900 inc VAT) is required by the auction department no later than 4pm on the day of the auction.

ATTENDING THE AUCTION -

If you are intending to bid and are successful, the following will be required:
* Proof of identity (valid passport or photo driving licence).
* Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
* 10% deposit payment.
* Buyers premium payment.
* Details of your solicitor.

DEPOSIT & BUYERS PREMIUM PAYMENTS -

Forms of acceptable payment:

* Cheque
* Bankers Draft
* Debit Card Payment

For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.