Coped Hall Business Park, Royal Wootton Bassett, Royal Wootton Bassett SN4 8DP

Guide Price £300,000 - For Sale

  • For Sale By Public Auction
  • Thursday 18th February 2021
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

VIDEO TOUR

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

A modern and immaculately presented two storey purpose built office building of approximately 3,379 sq ft (GIA). Situated on the popular Coped Hall Business Park, this end-terraced building benefits from 9 allocated parking spaces and is ideally located for easy access onto the the M4 motorway and the centre of Royal Wootton Bassett. The property is to be sold with vacant possession and offers a potential rental income of circa £35,500 per annum. A superb opportunity for investors and owner occupiers alike.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 18th February 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

MODERN TWO STOREY OFFICE BUILDING WITH 9 PARKING SPACES

DESCRIPTION -

A modern two storey office building of approximately 3,379 sq ft (GIA), benefiting from 9 allocated parking spaces plus visitor parking. The property is presented in excellent decorative order and offers flexible office accommodation, ideal for owner occupation or could be rented as a whole or as two separate units. The ground floor has been occupied by the current owners and the first floor has until recently been let. Benefits include various kitchen and toilet facilities, suspended ceilings with Category 2 lighting and gas central heating. To be sold with vacant possession upon completion.

LOCATION -

Coped Hall is a popular Business Park and is situated in a well located and prominent position on the A3102 leading to Royal Wootton Bassett High Street. It is within 2 miles of Junction 16 of the M4 and therefore offers easy access to the motorway.

ACCOMMODATION -

Please refer to floorplan for approximate measurements and internal layout.

GROUND FLOOR - Approx. 1,466 sq ff (136.2 sq m) NIA -

Comprising a large open-plan office with separate meeting room, kitchen and toilet facilities.

FIRST FLOOR - Approx. 1,517 sq ft (140.9 sq m) NIA -

Comprising a large open-plan office, 2/3 additional offices, a kitchen/staff room, server room and toilet facilities.

RENTAL POTENTIAL -

Based upon local comparable evidence, we would anticipate a market rent in the region of £35,500 per annum (£12 per sq ft).

TENURE -

We understand the property is to be sold on the residue of a 999 year lease dated 21 December 2006, subject to an annual service charge of £2,808 for the upkeep of the communal areas of the estate.

SERVICES -

The property benefits from mains connections to gas, electricity, water and drainage as well as a high speed leased line communication channel.

ENERGY PERFORMANCE CERTIFICATE -

Rating: C

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.

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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, TELEPHONE & ONLINE REMOTE BIDDING -

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which 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 a cheque/bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

PRELIMINARY DEPOSITS -

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000

If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,200 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.

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Maggs & Allen use all reasonable endeavours 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.