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Floorplan
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    Key features

    • To be sold on Wednesday 22nd April
    • Freehold industrial investment
    • Comprising Eight single storey industrial units
    • Recently constructed
    • Steel portal frames with full height roller shutter doors
    • Most recent lettings at £10,350 pa equating to £82,800 per annum
    • Asset management opportunity
    • By order of the LPA Receivers
    • Investment let at p.a. (10% GIY on guide)

    Description

    The Property comprises a total of 8 small scale light industrial units arranged as 4 pairs with associated forecourt and car parking. The units are located to the rear of the existing estate with access via the shared internal access road. The buildings are of steel portal frame cavity wall construction with brick and blockwork elevations beneath a lined and insulated profiled steel sheet roof, incorporating translucent rooflights.

    The units are separated by way of blockwork partitions and each have full height roller shutter doors and personnel access to the front elevation.

    Internally, the units are of similar layout with a single storey block to one side comprising office, WC and kitchenette. The remainder of the accommodation provides open warehouse space. Each unit has a similar specification comprising concrete floors; LED spotlights and Space Ray gas fed blowers.

    To the front of the units is a shared forecourt and car parking area.

    Additional information

    Tenure

    Freehold

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Old Mills lies on the southern side of the A362, which provides access to the A37, Bristol to Shepton Mallet road, to the west.

      The nearest motorway access is available in Bristol at the southern end of the M32, and the M5, approximately 40km (25 miles) to west.

      The Properties form an extension to the Old Mills Industrial Estate, an established industrial location built since the 1970s, located a short distance to the south of the village of Paulton and west of Midsomer Norton. Bristol is located 16km (10 miles) to the north


      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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