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    Key features

    • To be offered on Monday 15 April
    • High Yielding Industrial Investment
    • Let to Three Tenants with One Unit Vacant
    • Producing £29,460 per annum
    • Approx 5,000 sq ft (464 sq m)
    • Site Area of 0.48 acres (0.19 hectares)
    • Established Industrial Location
    • Asset Management Potential
    • ERV Approx. £40,000 per annum
    • Low Site Coverage of 22%
    • Guide Price Reflects 14.73% Gross Yield
    • No VAT

    Description

    The property comprises a high yielding industrial/workshop investment set within an established and popular industrial estate on the outskirts of Doncaster.

    Arranged as five workshop units on a site of 0.48 acres (0.19 hectares), the property is let to three tenants producing a total rent of £22,800 per annum. There are also 11 shipping containers on site, 10 of which are let on an informal basis with two containers vacant and produce a total £6,660 per annum. The total aggregate annual rent is therefore £29,460 per annum, please see the below tenancy schedule for more information.

    The property presents an excellent asset management opportunity, with a vacant unit offering immediate rental growth potential and several tenants holding over. There may also be potential to refurbish in order to improve rental values or to convert to alternative uses (subject to the existing leases and any requisite consents).

    Kelham Court is situated immediately to the south of the junction of two arterial routes, furthermore the A1(M) is fewer than two miles away and alongside the nearby M18 provides excellent road communications throughout the United Kingdom.

    Additional information

    Tenure

    Freehold

    Tenancy

    Please see the below tenancy schedule

    Rent

    £29,460 per annum

    Notes

    These particulars are accurate to the best of the auctioneers knowledge, but any bidders should refer to the legal pack on all matters.


    Savills have not inspected the property and therefore any plans, drawings, photographs and areas are for illustrative purposes only and are not to be relied upon.

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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.

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      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.

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      Accommodation / Tenancy Schedule

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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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