For Sale By Auction | 12:00, 11 December 2024 | Lot 69

Dawsons Lane Enterprise Centre, Dawsons Lane, Barwell, Leicestershire LE9 8BE

*Guide | £1,600,000 (plus fees)

  • Industrial Park
  • Tenure: Freehold

Call the team on 01772 772450 for more information

Auction Date

Wed 11/12/2024

Auction Time

12:00

Auction Venue

Online Auction

Freehold Industrial Estate Investment – Currently Producing £197,440 p,a – ERV When Fully Let £279,344 pa

Dawson's Lane Enterprise Centre is multi-let industrial and office estate currently comprised of 35 units (28 industrial units, 6 offices and a yard) totalling approximately 70,219 sq,ft, The Estate is currently producing rental income of £197,440 per annum equating to a low average rent of £3.94 per sq.ft. We understand that when fully occupied the Estate could produce £279,344 per annum. A purchase at the guide price would equate to a capital value of £22.78 per sq. ft, with a net yield of 11.27% and reversionary yield of 15.95% (assuming purchasers’ costs of 6.16%) The site comprises 2.3 acres, which represents a 46% site coverage The industrial site provides the flexibility to combine multiple units to create larger space for occupiers, with a number of tenants occupying more than one unit. Access to the suites are through separate entrances on different levels. There are shared facilities on the ground floor for the units. There is a large yard area with one tenant renting space for 6 containers, with other tenants having demised spaces allocated to their leases. Location Barwell is a large village in Leicestershire on the northern outer edge of Hinckley, historically known for its manufacturing of textiles, hosiery and footwear. The village has easy access to the A47 and in close proximity to the M1, M5 and M6. Hinkley is 3 miles to the south west, 12 miles from Leicester to the north east and 17 miles from Coventry to the south west. The property is situated on the south side of Dawsons Lane in a mixed area of industrial and residential uses. Tenure: freehold Title number: LT234259 Local Authority: Hinckley and Bosworth Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Hinckley and Bosworth Borough Council

Solicitors

Bhailok Fielding Solicitors, Ref: Bhailok Fielding Solicitors

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.

Additional Fees

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc 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.