Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • To be offered on Wednesday 5 November
    • A freehold property
    • Four semi-detached industrial units (one sold off on long lease)
    • Land with planning permission granted for the construction of four more industrial units
    • Further development potential subject to the requisite consents
    • Each unit is approx. 1,555 sq ft.
    • Investment let at £21,500 per annum (9.55% yield on guide price)

    Description

    A freehold property comprising four semi-detached industrial units (one sold off on long lease) aswell as land with planning permission granted for the construction of four more industrial units to the rear.

    Unit 4B was sold off on long lease for 125 years from 21st July 2017.

    Each unit is approx 1,555 sq ft.

    Investment let at £21,500 per annum.

    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.


    Each unit is approx 1,555 sq ft.

    Total GIA of 3 units is approx. 4,665 sq ft.

    Tenancy

    Please refer to the tenancy schedule below for more information.

    Planning

    East Lindsey District Council - Ref: N/110/01788/24

    Planning permission granted for a further 4 additional industrial units.

    Rent

    Investment let at £21,500 per annum

    Notes

    We have been advised by the vendor that each unit is exempt from business rates - vacant or tenanted (any incoming purchaser needs to do their own due diligence).


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      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

      The property is located on Enterprise Road, which is accessed from Gold Road and is situated on the Golf Road Industrial Estate.

      Legal documents

      Login to view legal documents

      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.

      Addendums