For sale by Unconditional Online Auction.
On behalf of Aubrey Lee & Co
Freehold industrial complex with total site area of approximately 6 acres.
The property comprises a substantial detached industrial warehouse with second warehouse to the rear, two floor office accommodation including reception / lobby, parking for approximately 180 vehicles and side yards / loading areas. Additional space includes an overflow car park.
The site is situated within a mixed industrial, commercial and office-use area with transport links including a local bus network, Okengates Rail Station and road links via A518, A442 and M54 (junction 6). Telford centre sits approximately four miles to the south and the location fits well for commutes from Birmingham, Wolverhampton, Shrewsbury, Stoke-on-Trent, Manchester and Liverpool.
Currently part-let, producing £257,450.64 per annum with an additional £386,211.36 of occupational space which the current owners will vacate prior to completion. NB: The vendor states that there may be flexibility with the occupancy status and interested parties are advised to contact the auctioneers prior to auction on this matter. As of 18 July 2023, A tenant of the rear warehouse area has requested a new business tenancy and a copy of the section 26 Notice is contained in the legal pack.
Planning has recently been granted for a battery storage area on an outside area which has never been used.
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
Potential May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
EPC Rating: D
The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price:
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.