About this property
Key Features
Situated approximately half a mile from J.34 of the A14
Available with vacant possession
Freehold industrial property
Description
An increasingly rare chance to acquire a freehold industrial property situated in a popular location on the outskirts of Newmarket. The property comprises an end of terrace industrial unit of steel portal frame and profile metal clad elevations under a pitched roof.
The internal accommodation comprises: a pedestrian entrance/reception, roller shutter door, ground floor offices, kitchen and disabled WC. There is a mezzanine floor which also includes an office, kitchen and WC.
There is an oil fed heating system, three phase power supply and ground to first floor conveyor belt system. The lighting consists of a mixture of mercury vapour lighting and more modern LED lighting. The minimum eaves height is 4.2m. It is understood that the maximum eaves height is approximately 9m.
According to the vendor, the roof requires some repairs, for which a quote has been obtained from a contractor concerning remedial work. For more information, please contact the agent. There is a pedestrian door at the rear of the property leading to an external storage area. Outside the unit there is a yard area for vehicle parking, loading and unloading.
Ground Floor: 401.35m² (4,320ft²)
First Floor: 192.29m² (2,070ft²)
EPC rating: D - 81
Tenure
Freehold with vacant possession
Location
Unit 11 is located in the heart of the industrial area of Newmarket, on the Minton Enterprise Park, off Oaks Drive. The property benefits from excellent road transport links, being close to the A14, with neighbouring occupiers include Tesco Extra, Harley Davidson, UK Packaging Supplies and Crossfit Structure.
Outgoings
The property is entered into the 2017 Ratings List with two separate assessments splitting the ground floor and the mezzanine floor. The ground floor has a current rateable value of £15,750. The first floor has a current rateable value of £4,650.
VAT
VAT is payable on the purchase price.
Lot Type
Commercial
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Anya Radford or Tees Law, Parkview House, Victoria Road South, Chelmsford, Essex, CB1 1NG
Viewing
Cheffins Commercial Department 01223 213666
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�