Property for Auction in North West - [Print Version]

Auction Date:

Wed 16/07/2025

Start Time

12:00

Property Type:

Commercial

Industrial Estate providing 18 units (totalling approx.19,430 sqft), a yard, surfaced carpark area and approx. 2 acres of Greenbelt land adjacent to the site which could be utilised as future speculative development (STP) Currently there are 3 units vacant (Block E, Yard & Block A) which are being advertised for let. When fully let, potential income would be approx. £116,895pa – currently producing approx. £87,879pa. Please see tenancy schedule contained within the legal pack for more information. All units are separately metered with both gas and electric available onsite along with CCTV. Currently, no service charge is being paid by the tenants. A purchase at the guide price equates to… • A low capital value of £40.40 per sq ft. • Net Yield 10.61% • Reversionary Yield 14.12% Presents asset management opportunity to maximise rents and introduce a service charge. Title number: DY509174 (Leasehold), DY214040 (Freehold) & DY509171 (Freehold) Length of Lease/Term: 936 years from 24 March 1924 Ground Rent: Please refer to the legal pack Service Charge: Please refer to the legal pack Council Tax Band: Business Rates Local Authority: High Peak Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

EPCs

Block C – C Block K – C Block B1 – D Block B – D Block F – D Block A – D Block D – D Block N – C Block I – C Block E – D Block P – C Block H - C Block O&J - C

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.

Tenure

See Legal Pack

Local Authority

High Peak Borough Council

Solicitors

Taylor & Emmett Solicitors, Ref:Taylor & Emmett Solicitors, Tel:0114 218 4030

Location Map