Home > Auctions > 9 & 10 December 2025 10 December 2025 - 9:00am > Lot 241

9 & 10 December 2025: Wednesday 10 December 2025 - 9:00am
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    Key features

    • To be offered on Tuesday 25 November
    • Substantial Freehold Industrial Investment
    • Let to Secon Solar Ltd on a 10 year lease expiring July 2032
    • Comprises approximately 2,630.92 sq m (28,308 sq ft) on a site area of approximately 1.5 acres
    • 5.80m haunch and 9.60m apex heights
    • Let at a low rent reflecting £4.77 psf
    • Rent review in July 2027 (where the ERV is believed to be £6 psf (£170,000 pa))
    • Guide price reflects £59.88 psf capital value
    • Investment let at £135,000 pa (7.96% on Guide Price)

    Description

    The property comprises a substantial industrial building arranged with office accommodation at the front of the building. The property benefits from a car park at the front for approximately 29 cars. The site area is approximately 1.5 acres.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. 


    Ground floor warehouse - 1,911.60 sq m (20,576 sq ft)

    Ground floor office - 369.16 sq m (3,866 sq ft)

    First floor office - 369.16 sq m (3,866 sq ft)


    Total - 2,630.92 sq m (28,308 sq ft)

    Tenancy

    Let to Secon Solar Ltd on a 10 year lease from 12.07.2022, expiring 11.07.2032 at an annual rent of £135,000 pa (reflecting £4.92 psf). The lease benefits from both a tenant option to determine the lease and a rent review on 12.07.2027.


    Tenant Covenant

    Secon Solar Ltd

    D&B Rating: 1A 2 (Low Risk)

    Rent

    £135,000 pa

    Notes

    There will be a 2 stage bidding process:


    Stage 1

    Potential purchasers will be invited to place bids via a set deadline being to be announced. These offers will then be considered by the client and a best and final offers (second round) may be called. Should an offer meet the clients requirements a successful bidder will be selected and a sale will take place via an auction contract, which will be signed immediately along with receiving a 10% deposit. The property will be deemed as ‘sold prior to auction’.


    Stage 2

    If no stand out bids are received or bids received are of a similar value then a reserve price will be set on the property and it will be sold via a live online auction (date to be determined subject to Stage 1 of the process).


    When submitting your offer please provide the following information;

    • Entity purchasing the property
    • Your Solicitors details
    • Certified ID and proof of address for the purchaser/s of the property
    • Proof of funds for a minimum of 10% of the offer put forward.
    • Confirmation that you can sign an auction contract, pay a 10% deposit immediately and complete within the time frames highlighted in the special conditions of sale.


    Please make your offers to george.goucher@savills.com, peter.atkinson@savills.com and oliver.bartlessmith@savills.com

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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.

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        Local information

        The property is located in an established and predominantly industrial/office location on the north side of Colima Avenue, near to Hylton Retail Park. Nearby occupiers include Safestore, Northern Powergrid, Berghaus, Pets at Home, Dunelm, amongst others.

        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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