Purpose built warehouse premises Let to Crown Paints Limited Ten year lease from June 2009 £13,600 per annum (expires June 2019) Potential for ongoing investment or eventual owner occupation Accessible to the Parkway and regional motorway network A full copy of the EPC will be available to view via our website
Ground Floor Factory / Trade Counter Area - approximately 288.30 square metres (3,100 square feet)
First Floor Office - approximately 27.52 square metres (269 square feet)
Outside The property occupies a freehold plot of approximately 949 square metres (0.23 ac res)
Location The property is located off Manor Way approximately 1.5 miles to the east of Sheffield city centre within easy reach of the Parkway giving access to the regional motorway network
Tenancy Details The property is let for 10 years from 5 June 2009 at £13,600 per annum
Rating Assessment The property is listed as "Warehouse and Premises" with a RV of £13,500 effective from 1 April 2017
JOINT AUCTIONEERS: Burgess Commercial Limited, 3 The Point, Rotherham S60 1BP
Two storey office building with lock-up storage Freehold site of just over an acre with parking for 34 vehicles Attractive location on the bank of the River Humber Potential for existing use or conversion to residential (Subject to Planning Permission) A full copy of the EPC will be available to view via our website
On Instructions from North Lincolnshire Council
Location The property is located to the north of Barton-upon-Humber town centre at the end of Waterside Road some fifteen miles to the north east of Scunthorpe and approximately twelve miles to the south west of Hull close to the Humber Bridge
The Site The land is identified on the adjoining plan and amounts to approximately 0.43 hectares (1.06 acres) with parking for 34 vehicles
Office Building - approximately 272 square metres (2,927 square feet) Accommodation on two levels
Single Storey Lock-up Store - approximately 68 square metres (731 square feet)
Planning The property has until recently been used as offices and is thought to be suitable for conversion to residential subject to the appropriate consents Interested parties are advised to make their own enquiries in respect of possible schemes
Note Prospective Purchasers should note that the Conditions of Sale for this lot include a requirement that the purchaser pays North Lincolnshire Council's legal and auction costs in addition to the price bid
Viewing: By appointment with the Auctioneers 0114 276 0151
FREEHOLD VACANT DERELICT OFFICES WITH PP FOR 21 RESIDENTIAL UNITS
*THIS PROPERTY IS STILL AVAILABLE - PLEASE CONTACT THE AUCTIONEER FOR MORE DETAILS*
Location & Description A derelict three storey former office building on the southern edges of Brantham, off the south side of Factory Lane which runs west into the A137, the principal route to Manningtree mainline station, about a mile away and 8 miles further on to Colchester.
Forming part of a now redundant industrial complex the property is within the Brantham Regeneration Area where the site to the rear is being developed to provide a new rail depot and exclusive access off Factory Lane which is being upgraded in early 2018. Outline planning permission has been granted on the site to the front for circa 300 dwellings. Note We understand the dotted area on the location plan is a right of way. Please refer to Title plan.
OFFERED VACANT WITH PLANNING PERMISSION
PLANNING On 17.10.17 Babergh District Council (Ref: DC/17/03476) consented under PD rights for 21 units (12 x 2-bed ground and first floor duplexes and 9 flats (7 x 1-bed & 2 x 2-bed) on the second floor) providing an approximate total sales area of 16,250 sq ft (1,510 sq m) plus associated parking. A scheme for 28 units within the same building envelope was refused and is being Appealed. Further details available on www.babergh.gov.uk and strettons.co.uk
Property Features Planning Permission for 21 Residential Units Appeal for 28 Units Regeneration Area 1 Mile from Manningtree
Mixed Used Investment. Annual Rent: £35,510pa - 15% yield
Three self contained flats 15 self storage units Single garage Two office suites Passing rent of £33,510 Gross initial yield of 15.23 % Freehold Exempt from paying additional 3% stamp duty charge
Location The property is located on Clement Street, between the junction with South Street and Russell Street. Accrington town centre is less than one mile from the property, and is approximately 10 minutes on foot. Clement Street has plenty of unrestricted off-street parking. Accrington is located in the borough of Lancashire, approximately four miles east of Blackburn, six miles West of Burnley and 20 miles north of Manchester. The town has a population of approximately 35,000.
Description This substantial and high income producing property comprises of mixed use accommodation, including; three self-contained flats, two office suites, 15 self-store units and a separate garage. Within the residential section of the property there are two one bedroom flats and one two bedroom flat. The flats are well presented and fully tenanted. The office accommodation has storage, kitchen and WC facilities. There is currently a lease of two years on both office suites. The building contains 15 self-storage units which have roller shutter access and CCTV monitoring. The commercial storage units range in size from around 100 – 300 ft2. All units having monthly rolling contracts in place. There is a single garage to the left-hand side of the property which is currently tenanted.
Investment Analysis – Rental Income • 15 self-store units: £15,600 pa • Three self-contained flats: £13,260 pa • Suite of offices on two year lease: £3,900 pa • Garage: £750 pa •Total annual income £33,510 pa
The current income reflects a gross yield of 15.23 % based on an income of £33,570 per annum. Although the storage units can have a high turnover of tenants, they are great income producing units and help diversify the rental income for the property.
Property Management Property management is available at a rate of 8% plus VAT of the rent per annum payable. This is optional.
Accommodation Offices: net internal floor area of 74.1 m2 / 797.61 ft2 (taken from VOA). 15 self-store units: Not measured Three self-contained flats: Not measured Garage: Not measured
Services We understand the property is connected to mains electricity, water and drainage. We advise all interested parties to make their own enquiries
Business Rates We advise all interested parties to make their own enquiries