INDUSTRIAL INVESTMENT

An investment opportunity to acquire this exceptional industrial unit which is arranged as a terrace of 4 smaller units with associated secure yard area. These units are located within the highly sought-after Heathfield Industrial Estate which is known and favoured for its strategic location and excellent connectivity. Situated in a readily-accessible spot, this fully let property, with current rents passing of £25,800pa, offers a prime investment opportunity for discerning buyers seeking a strong-yielding income stream, particularly as the currents rents are deemed under market-value. TENURE Freehold subject to tenancy. TENANCY The property is held on a 6 year FRI lease from 3rd October 2005 with current rents passing of £25,800pa. Tenants are now ‘holding over’ so the reversionary interest will be of serious interest to investors. FEATURES - Size: The industrial units span an impressive floor area of approximately 5,228 square feet (please verify by independently measuring for accuracy), providing ample space for various industrial and commercial activities. - Construction: The property boasts a modern and sturdy construction, designed to meet the demands of industrial operations. - Layout: The unit comprises open-plan warehouse space, ideal for storage, manufacturing, or distribution purposes. Additionally, there are dedicated office areas, staff facilities, and restroom facilities. - Loading Facilities: The unit is equipped with convenient loading and unloading facilities, such as roller shutter doors and loading bays, ensuring seamless logistics operations. - Height and Clearances: The unit offers generous height clearances, allowing for efficient vertical storage and accommodating machinery and equipment of various sizes. - Parking: The property provides ample on-site parking for employees, customers, and visitors, ensuring convenient access to the premises. ACCOMMODATION The property comprises a detached industrial building which is subdivided into 4 terraced units each with front roller shutter access doors, separate pedestrian access door, separate services and WCs. One of the units has a small mezzanine with offices (Unit 2) and Unit 3 also has a small storage mezzanine area. To the front of the building is a large surfaced yard area used in common with all 4 units with security fence to the perimeter. The yard extends around the building on the northern side of the building. EPC Rating: C. IMPORTANT INFORMATION All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day. AUCTION LEGAL PACK & FINANCE Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal and finance enquiries prior to the auction. PRICE INFORMATION Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!