Gillerson Pine Canal Road Industrial Estate, Trowbridge, Trowbridge, BA14 8QA

Guide Price £345,000 - For Sale By Auction - LOT 4

PROMINENT INDUSTRIAL INVESTMENT - LET PRODUCING £32,000 PER ANNUM

  • For Sale By Public Auction
  • Thursday 18th April 2019
  • 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

An exciting investment opportunity comprising a detached light industrial unit with showroom and office accommodation (approx. 6,540 sq ft GIA) occupying a site of approx. 0.46 acres. The property is currently let producing £32,000 per annum and benefits from a yard and parking to the side and rear. Situated on the Canal Road Industrial Estate in Trowbridge, other notable occupiers in the vicinity include Trowbridge Ford, Citroen and Suzuki, Jewson and Brandon Tool Hire. ***6 WEEK COMPLETION AVAILABLE***

FOR SALE BY AUCTION -

This property is due to be auctioned on the 18th April 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

PROMINENT INDUSTRIAL INVESTMENT - LET PRODUCING £32,000 PER ANNUM

DESCRIPTION -

A single bay warehouse unit with showroom, office accommodation and rear extension with mezzanine level, measuring in total approximately 6,540 sq ft GIA. The property occupies a site of approximately 0.46 acres and benefits from a yard and parking to the side and rear. The property is currently trading as Gillerson Pine, manufacturers of pine and oak furniture and is to be sold with a passing rent of £32,000 per annum.

LOCATION -

The property is situated on the Canal Road Industrial Estate in Trowbridge with a wide range of national occupiers trading from neighbouring units. Trowbridge is the county town of Wiltshire, located 8 miles south east of Bath, from which it is separated by the Mendip Hills. The town is also 38 miles south of Gloucester and 20 miles south east of Bristol.

ACCOMMODATION & APPROXIMATE FLOOR AREAS -

Main Warehouse: 455.8 sq m (4,906 sq ft)
Showroom: 52.9 sq m (569 sq ft)
Office: 22.4 sq m (241 sq ft)
Rear Workshop: 37.8 sq m (406 sq ft)
Mezzanine: 18.9 sq m (203 sq ft)

TENURE -

The property is to be sold on a freehold basis, subject to the occupational lease below.

LEASE DETAILS -

The property is currently let to F Patterson & J A Gillings trading as Gillerson Pine on a lease originally granted on 1st December 2001 for a term of 10 years. The lease has now expired and the tenants are holding over at a passing rent of £32,000 per annum.

BUSINESS RATES -

The Rateable Value effective 1st April 2017 is £25,250.

ENERGY PERFORMANCE CERTIFICATE -

Rating: D

SOLICITOR -

Ms J Poulton
Eversheds Sutherland
115 Colmore Row
Birmingham B3 3AL
Tel: 0121 2321182
Email: jennapoulton@eversheds-sutherland.com

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 inc VAT) buyer's 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 buyer's premium of £1,200 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.
* Buyer's premium payment.
* Details of your solicitor.

DEPOSIT & BUYER'S 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.