Two freehold commercial units on popular trading estate
28 Sep 2016 | 02:00 PM
Result:
Sold for £70,000
Freehold
Units 9 and 10, Stocking Fen Road, Highlode Industrial Estate, Ramsey, Ramsey, Huntingdon, PE26 2RB
Lot 16
Result: Sold for £70,000
Key Features
- Freehold
- Two units currently producing rent of £7,850 pa
- Popular trading estate with high rates of occupancy
- Commercial investment opportunity
Description
A wonderful opportunity to purchase an adjoining pair of lock-up industrial estate units, on a popular trading estate on the outskirts of Ramsey. The units are of brick and block construction beneath a single pitch roof.
Each property comprises a 350 sq.ft self-contained unit, with a pedestrian door and a roller shutter door to the front elevation and a pedestrian door to the rear. Each unit has a partitioned w.c. and kitchenette area.
The units offer flexible business space and are currently let to two separate tenants. The design of the two units is such that they can be conjoined by removing the internal partition, should the need ever arise. The units are set around a shared service yard, with parking to the front of each unit.
The premises offer good investment return, whilst demand from tenants for these start up units has been historically strong.
Tenure
Freehold subject to tenancies.
Location
Highlode Industrial Estate is located on the northern fringes of the town of Ramsey, less than ½ mile from the centre of the popular Fenland town. The town of Ramsey offers residents and employers a range of shops and services, and benefits from being only 8 miles north and east from the larger town of Huntingdon, and the A1M trunk road respectively.
Auctioneers Note
VAT is payable in addition to the purchase price.
Lot Type
Commercial
Tenancies
The units are individually let as follows:
Unit 9 – Rent £3,600 pa excluding VAT. 7 year lease from 30th April 2015 with breaks in year 3 and 5.
Unit 10– Rent £4,250 pa excluding VAT. Tenancy at Will for 1 year, commencing 1st November 2015.
Tenancy details can be viewed in the legal pack.
Legal Packs
www.cheffins.co.uk/propertyauctions or Howes Percival, 3 The Osiers Business Centre, Leicester, LE19 1DZ Tel: 0116 2473581 Ref: SB
Viewing
Cheffins Commercial Department 01223 213666
Important notes
IMPORTANT: Cheffins would like to inform prospective purchasers that these sales particulars have been prepared as a general guide only. A detailed survey has not been carried out, nor the services, appliances or fittings tested. Room sizes should not be relied upon for furnishing purposes and are approximate. If floor plans are included, they are for guidance and illustration purposes only and may not be to scale. Images may have been digitally edited for illustration purposes. If there are any important matters likely to affect your decision to buy, please contact us before viewing the property.
*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.