FOR SALE VIA LIVE STREAM AUCTION ON THE 24TH MARCH - PLEASE NOTE YOU WILL NEED TO PRE-REGISTER IN ORDER TO BID BY 17.00 THE PREVIOUS DAY.

If you are wanting to watch the live stream auction but do not wish to bid, this can be done by clicking on the Green Banner which will be displayed on our website prior to the auction. If you have registered to bid, click on the Green Banner and press the ‘Sign in to bid’ button – this will then ask you to login with your Auction Passport account. Once you have logged in, enter your bidding pin and you will then be able to watch the live stream auction, and bid on the entries you have registered for. If you have not registered to bid, please complete the ‘Register To Bid’ form, and email it to chesterfield@auctionhouse.co.uk and our team shall send you an email with the next steps to complete your registration. The form can be found by copying and pasting the following link into your browser: https://img.auctionhouse.uk.net/files/copelands/proxybiddingform.pdf?v=3184bcb8-c874-4316-a7ed-567a68f277bb. If you have any queries, please do not hesitate to contact our office.

Tenure

See Legal Pack

A rare and unique opportunity to purchase a parade of twelve lock up commercial units together with a car parking and car sales pitch producing just short of £30,000 per annum.

An eight week completion has been agreed with our clients or sooner by agreement should this assist any potential purchaser. The parade of units are single block built with concrete block and beamed roofs and have the benefit of roller shutter doors and personnel doors. We understand from the vendors that they each have a water supply, together with drainage and electricity. Ten of the units are let at £200 per calendar month, with one unit let at £330 per calendar month (Unit 2 – this includes the car sales pitch) and Unit 6, which is let at £169 per calendar month. The units thus have a gross rental income in the order of £2499 per calendar month, i.e. £29,988 per annum. Ten of the units are approximately 7.5m x 12.5m with two of the units (Unit 7 and 8) being slightly smaller.

All of the units have been fully let for the last five years and some of the occupiers have been in occupation in excess of 10-20 years. A more detailed schedule of the tenancies will be available once collated. It is understood that all of the units are let on basic leased terms, and the landlord or the tenant can give one months notice to vacate at any time. It offers a fantastic opportunity for an aspiring property developer to acquire an unbroken parade of commercial units. It is believed that over a period of time improvements could be done to the units to include constructing an external further skin and possibly putting a pitch on the roof. It offers potential for further rental growth and enhancement.

Viewings

Viewing is by appointment or by discrete attendance on site.

Notice

The owner is reserving the right to keep the access road open to the front part coloured brown in order to preserve any future development of their adjoining land. A further right of way for vehicles must also be reserved across the site to allow the vendor access to their land hatched red, which is strictly not for sale.

Local Authority

Chesterfield Borough Council

Solicitors

Banner Jones Solicitors, 24 Glumangate, Chesterfield, S40 1UA, Ref: Laura Barlow, Tel: 01246 560560

Additional Fees

Buyer's Premium - 1.5% of the purchase price plus VAT (1.8% inc VAT), payable on completion.

Administration Charge - £1250 plus VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.