FOR SALE BY UNCONDITIONAL ONLINE AUCTION! (IMMEDIATE EXCHANGE)
This property will be offered for sale by auction opening 15th November 2021 with a *guide price of £450,000 - £500,000 (plus fees). To register to bid: auctionhouse.co.uk/lincolnshire
Description
FOR SALE BY UNCONDITIONAL ONLINE AUCTION! (IMMEDIATE EXCHANGE)
This property will be offered for sale by auction opening 15th November 2021 with a *guide price of £450,000 - £500,000 (plus fees). To register to bid: auctionhouse.co.uk/lincolnshire
The property is located on the main Corringham Road Industrial Estate in Gainsborough. Gainsborough is located approximately 30 mins drive from the UK's motorway network (A1/M1), two international airports and mainline rail services (East Coast Mainline). It is also within 35 miles of the Humber ports. Gainsborough is designated as a major growth and investment area which will see 4,435 homes developed by 2036 together with commercial and development job creation.
The property is a modern, self-contained distribution and manufacturing warehouse and has undergone substantial expenditure from the current tenants to suit their needs.
The property is currently let at £40,000 per year, to a long term tenant.
Due to the nature of the business in occupation, and current Covid guidelines, internal inspection and viewing is unavailable.
General Remarks
Tenure
The property is believed to be freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Possession
Subject to existing leases.
Services
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town & Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Additional Fees
Administration Charge: £1,800.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
1.2% including VAT (1% + VAT) of the selling price upon Exchange of Contracts.
Administration Charge
£1800 including VAT (£1500 + VAT) upon Exchange of Contracts.
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- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
Related Documents
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